St. George FHA Loan Rates, Closing Costs & Stats

ST. GEORGE, UT

FHA loans are mortgages created in the 1930's to help insulate lenders from credit risks and help promote home ownership. The Federal Housing Administration (hence, FHA) allows for lower downpayments and credit scores-- making these loans much more accessible than traditional mortgages.

FHA loans typically need just a 3.5% downpayment with credit scores of 580 or better. For credit scores between 500-579, the downpayment needs to be at least 10%.

While FHA loans make home ownership much more accessible to first-time homebuyers, they do require PMI (purchase money insurance)-- an additional insurance premium that is paid to the FHA to help cover defaults.

For additional requirements as defined by the FHA, click here.

St. George's 57 lenders originated 650 FHA loans during 2023. The total origination value was $224,050,000, with an average FHA loan value of $344,692.

St. George FHA Loans, 30 Year Fixed Rates

30 Year FHA mortgages in St. George averaged 6.78% for the week of 2024-07-12, compared to the national average (all FHA variants) of 6.655% for the same period.

St. George's average FHA mortgage closing costs are $9,818.

The average rate for the prior week (2024-07-05) was 6.54% and one month ago for the week of 2024-06-07, the average rate was 6.62%.

The average rate one year ago was 6.82%.

For refis of the same type during the week of 2024-07-12, the average rate was 6.88%.

Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

St. George FHA Loan Lenders by Rates & Fees

The below table looks at the average fees/closing costs and rates for FHA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the St. George level.

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
UNITED WHOLESALE MORTGAGE, LLC 80 6.19% $14,941
GUILD MORTGAGE COMPANY 63 6.39% $18,310
SUN AMERICAN MORTGAGE COMPANY 50 6.25% $15,052
DHI MORTGAGE COMPANY, LTD. 47 6.07% $10,072
QUICKEN LOANS, LLC 28 5.87% $15,395
FIRST COLONY MORTGAGE CORPORATION 22 6.24% $17,463
INTERCAP LENDING INC. 17 6.01% $16,465
BROKER SOLUTIONS, INC. 14 6.21% $16,666
MY MOVE MORTGAGE, LLC 12 6.35% $15,577
BELEM SERVICING LLC 11 6.53% $13,493
ACADEMY MORTGAGE CORPORATION 11 6.38% $16,805
CITYWIDE HOME LOANS, LLC 7 6.52% $13,963
BAY EQUITY LLC 6 6.29% $16,485
SECURITYNATIONAL MORTGAGE COMPANY 6 6.42% $21,929
ARK-LA-TEX FINANCIAL SERVICES, LLC. 5 7.00% $14,150
NEWREZ LLC 5 6.05% $13,417
PENNYMAC LOAN SERVICES, LLC 5 6.03% $19,456
CHERRY CREEK MORTGAGE, LLC 4 6.16% $3,867
VILLAGE CAPITAL MORTGAGE 4 6.75% $9,273
Flagstar Bank, FSB 4 6.37% $9,463
Century Mortgage Company DBA Century Lending Company 4 6.69% $15,559
Bank of Utah 4 6.75% $13,293
CROSSCOUNTRY MORTGAGE, LLC 4 6.40% $15,663
ON Q FINANCIAL, INC. 3 7.29% $13,905
LOANDEPOT.COM, LLC 3 5.29% $19,256
VERITAS FUNDING, LLC 3 6.21% $20,102
AMERICAN FINANCIAL RESOURCES, INC. 3 6.92% $22,054
Paramount Residential Mortgage Group, Inc. 3 6.29% $16,006
CARDINAL FINANCIAL 2 6.69% $11,665
CITY FIRST MORTGAGE SERVICES, L.L.C. 2 6.25% $13,125
CORNERSTONE HOME LENDING, INC. 2 6.38% $14,114
Mr. Cooper ( Nationstar Mortgage ) 2 5.94% $19,931
NATIONS RELIABLE LENDING, LLC 2 5.69% $17,372
Plains Commerce Bank 2 6.00% $19,160
AMERICAN FINANCING CORPORATION 2 6.06% $14,372
Sierra Pacific Mortgage Company, Inc. 2 5.19% $15,959
UNION HOME MORTGAGE CORP. 2 6.88% $16,198
AMERICAN FINANCIAL NETWORK, INC. 2 7.50% $24,242
Hometown Equity Mortgage, LLC 1 7.25% $32,998
HOMESIDE FINANCIAL, LLC 1 6.75% $14,446
GENEVA FINANCIAL, LLC 1 7.75% $22,041
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 6.63% $11,037
PLANET HOME LENDING, LLC 1 5.50% $9,579
CASTLE & COOKE MORTGAGE, LLC 1 6.50% $20,785
RANLIFE, INC. 1 6.38% $21,822
S1L, Inc. 1 6.63% $23,610
SECURITY HOME MORTGAGE, LLC. 1 5.63% $15,276
Zions Bank 1 7.50% $8,854
Cache Valley Bank 1 6.75% $8,111
FIRST COMMUNITY MORTGAGE, INC. 1 6.00% $24,136
LOANPAL, LLC 1 6.13% $11,196
MOUNTAIN AMERICA 1 6.13% $12,970
SUN WEST MORTGAGE COMPANY, INC. 1 6.75% $11,337
AMERICAN PACIFIC MORTGAGE CORPORATION 1 7.25% $13,960
The Loan Store, Inc. 1 6.99% $11,475
Network Funding, L.P. 1 6.13% $11,108
LAND HOME FINANCIAL SERVICES, INC. 1 7.50% $18,326

The top St. George FHA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 80 FHA loans originated. Their average total fees are $14,941, which is $3,368 lower than the next largest lender, GUILD MORTGAGE COMPANY.

The lowest fee St. George FHA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. ($10,072), BELEM SERVICING LLC ($13,493), UNITED WHOLESALE MORTGAGE, LLC ($14,941), SUN AMERICAN MORTGAGE COMPANY ($15,052) and QUICKEN LOANS, LLC ($15,395).

The lowest rate St. George FHA lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (5.87%), INTERCAP LENDING INC. (6.01%), DHI MORTGAGE COMPANY, LTD. (6.07%), UNITED WHOLESALE MORTGAGE, LLC (6.19%) and BROKER SOLUTIONS, INC. (6.21%).

St. George FHA Loan Limits

Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
ST. GEORGE, UT WASHINGTON 2022 $481,850 $616,850 $745,650 $926,650
ST. GEORGE, UT WASHINGTON 2023 $593,400 $759,650 $918,250 $1,141,150

Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - St. George (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
2018-01-01 $364,950 (6.6%) $468,710 (0.7%) 0.00 1,049
2018-02-01 $379,450 (8.5%) $538,718 (14.9%) 0.00 1,149
2018-03-01 $379,900 (8.6%) $537,314 (16.3%) 0.00 1,142
2018-04-01 $390,875 (11.7%) $561,402 (22.0%) 0.00 1,072
2018-05-01 $396,250 (6.4%) $556,838 (7.0%) 0.00 1,053
2018-06-01 $389,000 (4.6%) $541,935 (4.9%) 0.00 1,064
2018-07-01 $381,942 (6.1%) $541,181 (6.3%) 0.00 1,098
2018-08-01 $388,900 (6.8%) $478,965 (-6.5%) 0.00 1,119
2018-09-01 $386,173 (5.8%) $495,232 (-3.5%) 0.00 1,198
2018-10-01 $379,900 (6.9%) $484,825 (6.1%) 0.00 1,294
2018-11-01 $377,561 (7.3%) $477,462 (4.6%) 0.00 1,326
2018-12-01 $379,950 (4.5%) $479,560 (2.8%) 0.00 1,246
2019-01-01 $379,950 (4.1%) $479,747 (2.4%) 0.00 1,210
2019-02-01 $397,000 (4.6%) $493,515 (-8.4%) 0.00 1,367
2019-03-01 $399,900 (5.3%) $499,486 (-7.0%) 0.00 1,410
2019-04-01 $399,900 (2.3%) $495,762 (-11.7%) 0.00 1,380
2019-05-01 $399,900 (0.9%) $501,703 (-9.9%) 0.00 1,261
2019-06-01 $399,900 (2.8%) $502,227 (-7.3%) 0.00 1,236
2019-07-01 $409,175 (7.1%) $2,166,063 (300.3%) 0.00 1,187
2019-08-01 $406,664 (4.6%) $1,748,773 (265.1%) 0.00 1,217
2019-09-01 $402,634 (4.3%) $1,049,189 (111.9%) 0.00 1,298
2019-10-01 $400,197 (5.3%) $520,251 (7.3%) 0.00 1,338
2019-11-01 $418,135 (10.8%) $527,888 (10.6%) 0.00 1,220
2019-12-01 $427,500 (12.5%) $535,906 (11.8%) 0.00 1,174
2020-01-01 $429,450 (13.0%) $538,565 (12.3%) 0.00 1,161
2020-02-01 $429,900 (8.3%) $552,590 (12.0%) 0.00 1,234
2020-03-01 $439,900 (10.0%) $569,943 (14.1%) 0.00 1,250
2020-04-01 $444,400 (11.1%) $560,220 (13.0%) 0.00 1,340
2020-05-01 $439,900 (10.0%) $568,815 (13.4%) 0.00 1,213
2020-06-01 $444,920 (11.3%) $586,208 (16.7%) 0.00 974
2020-07-01 $454,000 (11.0%) $603,191 (-72.2%) 0.00 819
2020-08-01 $456,000 (12.1%) $641,269 (-63.3%) 0.00 667
2020-09-01 $467,500 (16.1%) $678,244 (-35.4%) 0.00 605
2020-10-01 $500,000 (24.9%) $758,599 (45.8%) 0.00 513
2020-11-01 $529,900 (26.7%) $831,809 (57.6%) 0.00 460
2020-12-01 $538,425 (26.0%) $828,405 (54.6%) 0.00 413
2021-01-01 $549,250 (27.9%) $839,009 (55.8%) 0.00 312
2021-02-01 $584,832 (36.0%) $846,219 (53.1%) 0.00 287
2021-03-01 $612,450 (39.2%) $835,305 (46.6%) 0.00 259
2021-04-01 $635,086 (42.9%) $840,053 (50.0%) 0.00 254
2021-05-01 $650,000 (47.8%) $887,800 (56.1%) 0.00 318
2021-06-01 $649,925 (46.1%) $1,270,947 (116.8%) 0.00 413
2021-07-01 $645,000 (42.1%) $1,163,608 (92.9%) 0.00 524
2021-08-01 $625,000 (37.1%) $1,102,629 (71.9%) 0.00 593
2021-09-01 $630,875 (35.0%) $1,000,068 (47.5%) 0.00 680
2021-10-01 $620,000 (24.0%) $990,752 (30.6%) 0.00 703
2021-11-01 $634,500 (19.7%) $1,016,101 (22.2%) 0.00 618
2021-12-01 $659,950 (22.6%) $1,100,818 (32.9%) 0.00 506
2022-01-01 $725,000 (32.0%) $1,203,247 (43.4%) 0.00 409
2022-02-01 $770,000 (31.7%) $1,276,826 (50.9%) 0.00 369
2022-03-01 $788,000 (28.7%) $1,252,213 (49.9%) 0.00 431
2022-04-01 $779,500 (22.7%) $986,129 (17.4%) 0.00 473
2022-05-01 $765,725 (17.8%) $951,086 (7.1%) 0.00 676
2022-06-01 $739,950 (13.9%) $901,399 (-29.1%) 0.00 866
2022-07-01 $699,900 (8.5%) $848,270 (-27.1%) 0.00 1,101
2022-08-01 $665,925 (6.6%) $799,705 (-27.5%) 0.00 1,247
2022-09-01 $656,475 (4.1%) $788,189 (-21.2%) 0.00 1,293
2022-10-01 $649,900 (4.8%) $778,238 (-21.5%) 0.00 1,375
2022-11-01 $649,450 (2.4%) $776,142 (-23.6%) 0.00 1,379
2022-12-01 $649,500 (-1.6%) $779,550 (-29.2%) 0.00 1,319
2023-01-01 $629,950 (-13.1%) $770,741 (-35.9%) 0.00 1,231
2023-02-01 $659,000 (-14.4%) $823,800 (-35.5%) 0.00 1,269
2023-03-01 $679,729 (-13.7%) $863,229 (-31.1%) 0.00 1,304
2023-04-01 $675,000 (-13.4%) $861,970 (-12.6%) 0.00 1,230
2023-05-01 $682,500 (-10.9%) $885,256 (-6.9%) 0.00 1,142
2023-06-01 $692,425 (-6.4%) $883,911 (-1.9%) 0.00 1,096
2023-07-01 $675,000 (-3.6%) $854,619 (0.8%) 0.00 1,096
2023-08-01 $664,950 (-0.2%) $833,927 (4.3%) 0.00 1,074
2023-09-01 $659,000 (0.4%) $821,883 (4.3%) 0.00 1,183
2023-10-01 $675,000 (3.9%) $843,645 (8.4%) 0.00 1,259
2023-11-01 $664,000 (2.2%) $830,294 (7.0%) 0.00 1,224
2023-12-01 $649,900 (0.1%) $828,988 (6.3%) 0.00 1,193
2024-01-01 $654,225 (3.9%) $840,778 (9.1%) 0.00 1,138
2024-02-01 $696,073 (5.6%) $919,231 (11.6%) 0.00 1,234
2024-03-01 $699,900 (3.0%) $955,037 (10.6%) 0.00 1,290
2024-04-01 $698,750 (3.5%) $954,287 (10.7%) 0.00 1,244
2024-05-01 $696,100 (2.0%) $961,114 (8.6%) 0.00 1,251
2024-06-01 $679,900 (-1.8%) $928,374 (5.0%) 0.00 1,245
St. George's median listing price for 2024-06-01 was $679,900, a difference of $-12,525 (-1.8%) versus the prior year and $-16,200 versus the prior month.

St. George's median listing price comes in at 0% of the national average.

St. George's average listing price for 2024-06-01 was $928,374, a difference of $44,463 (5.0%) versus the prior year and $-32,740 versus the prior month.

For the 2024-06-01 period, St. George had 1,245 MLS listings, a difference of -6 listings (0%) versus the prior month and 149 listings (14%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - St. George (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 2,241 sqft
2018-02-01 0 days 2,281 sqft
2018-03-01 0 days 2,258 sqft
2018-04-01 0 days 2,292 sqft
2018-05-01 0 days 2,293 sqft
2018-06-01 0 days 2,249 sqft
2018-07-01 0 days 2,223 sqft
2018-08-01 0 days 2,239 sqft
2018-09-01 0 days 2,246 sqft
2018-10-01 0 days 2,205 sqft
2018-11-01 0 days 2,179 sqft
2018-12-01 0 days 2,184 sqft
2019-01-01 0 days 2,174 sqft
2019-02-01 0 days 2,191 sqft
2019-03-01 0 days 2,247 sqft
2019-04-01 0 days 2,238 sqft
2019-05-01 0 days 2,240 sqft
2019-06-01 0 days 2,200 sqft
2019-07-01 0 days 2,186 sqft
2019-08-01 0 days 2,180 sqft
2019-09-01 0 days 2,173 sqft
2019-10-01 0 days 2,191 sqft
2019-11-01 0 days 2,268 sqft
2019-12-01 0 days 2,293 sqft
2020-01-01 0 days 2,271 sqft
2020-02-01 0 days 2,255 sqft
2020-03-01 0 days 2,305 sqft
2020-04-01 0 days 2,309 sqft
2020-05-01 0 days 2,300 sqft
2020-06-01 0 days 2,304 sqft
2020-07-01 0 days 2,319 sqft
2020-08-01 0 days 2,330 sqft
2020-09-01 0 days 2,353 sqft
2020-10-01 0 days 2,466 sqft
2020-11-01 0 days 2,502 sqft
2020-12-01 0 days 2,500 sqft
2021-01-01 0 days 2,569 sqft
2021-02-01 0 days 2,536 sqft
2021-03-01 0 days 2,459 sqft
2021-04-01 0 days 2,499 sqft
2021-05-01 0 days 2,574 sqft
2021-06-01 0 days 2,525 sqft
2021-07-01 0 days 2,389 sqft
2021-08-01 0 days 2,294 sqft
2021-09-01 0 days 2,320 sqft
2021-10-01 0 days 2,323 sqft
2021-11-01 0 days 2,335 sqft
2021-12-01 0 days 2,458 sqft
2022-01-01 0 days 2,568 sqft
2022-02-01 0 days 2,570 sqft
2022-03-01 0 days 2,555 sqft
2022-04-01 0 days 2,498 sqft
2022-05-01 0 days 2,444 sqft
2022-06-01 0 days 2,353 sqft
2022-07-01 0 days 2,291 sqft
2022-08-01 0 days 2,222 sqft
2022-09-01 0 days 2,218 sqft
2022-10-01 0 days 2,173 sqft
2022-11-01 0 days 2,178 sqft
2022-12-01 0 days 2,174 sqft
2023-01-01 0 days 2,154 sqft
2023-02-01 0 days 2,222 sqft
2023-03-01 0 days 2,263 sqft
2023-04-01 0 days 2,270 sqft
2023-05-01 0 days 2,340 sqft
2023-06-01 0 days 2,350 sqft
2023-07-01 0 days 2,270 sqft
2023-08-01 0 days 2,262 sqft
2023-09-01 0 days 2,271 sqft
2023-10-01 0 days 2,318 sqft
2023-11-01 0 days 2,290 sqft
2023-12-01 0 days 2,267 sqft
2024-01-01 0 days 2,255 sqft
2024-02-01 0 days 2,337 sqft
2024-03-01 0 days 2,347 sqft
2024-04-01 0 days 2,341 sqft
2024-05-01 0 days 2,334 sqft
2024-06-01 0 days 2,334 sqft
St. George's median listing age (time on market) for 2024-06-01 was 0 days.

St. George's median square footage for active listings during the 2024-06-01 period was 2,334 sqft. One year prior, the average listing was 2,350 sqft.

FHA Loan Requirements

  • Borrowers must have a steady employment history or worked for the same employer for the past two years.
  • Borrowers must have a valid Social Security number, lawful residency in the U.S. and be of legal age to sign a mortgage in your state.
  • Borrowers must pay a minimum down payment of 3.5 percent. The money may be gifted by a family member. (Traditional mortgages do not permit gifted down payments)
  • New FHA loans are only available for primary residence occupancy.
  • Borrowers must have a property appraisal from a FHA-approved appraiser.
  • Borrowers’ front-end ratio (mortgage payment plus HOA fees, property taxes, mortgage insurance, homeowners insurance) needs to be less than 31 percent of their gross income, typically. You may be able to get approved with as high a percentage as 40 percent. Your lender will be required to provide justification as to why they believe the mortgage presents an acceptable risk. The lender must include any compensating factors used for loan approval.
  • Borrowers’ debt to income ratio (mortgage plus all your monthly debt, i.e., credit card payment, car payment, student loans, etc.) needs to be less than 43 percent of their gross income, typically. You may be able to get approved with as high a percentage as 50 percent.
  • Borrowers must have a minimum credit score of 580 for maximum financing with a minimum down payment of 3.5 percent.
  • Borrowers must have a minimum credit score of 500-579 for maximum LTV of 90 percent with a minimum down payment of 10 percent.
  • Bborrowers must be two years out of bankruptcy and have re-established good credit. Exceptions can be made.
  • Typically borrowers must be three years out of foreclosure and have re-established good credit.
  • The purchased property must meet certain minimum standards at appraisal. If the home you are purchasing does not meet these standards and a seller will not agree to the required repairs, your only option is to pay for the required repairs at closing (to be held in escrow until the repairs are complete).