St. George FHA Loan Rates, Closing Costs & Stats

ST. GEORGE, UT

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    • 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 73 lenders originated 826 FHA loans during 2024. The total origination value was $307,750,000, with an average FHA loan value of $372,579.

    St. George FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in St. George averaged 0.07% for the week of 2025-06-20, compared to the national average (all FHA variants) of 0% for the same period.

    St. George's average FHA mortgage closing costs are $10,568.

    The average rate for the prior week (2025-06-13) was 6.85% and one month ago for the week of 2025-05-16, the average rate was 6.51%.

    The average rate one year ago was 6.87%.

    For refis of the same type during the week of 2025-06-20, the average rate was -0.14%.

    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 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    GUILD MORTGAGE COMPANY 147 6.02% $18,451
    DHI MORTGAGE COMPANY, LTD. 74 5.49% $9,666
    UNITED WHOLESALE MORTGAGE, LLC 64 5.95% $14,525
    SUN AMERICAN MORTGAGE COMPANY 52 5.99% $15,578
    BELEM SERVICING LLC 38 6.32% $14,158
    FIRST COLONY MORTGAGE CORPORATION 34 6.15% $15,627
    QUICKEN LOANS, LLC 30 6.13% $14,785
    The Loan Store, Inc. 20 5.82% $14,055
    INTERCAP LENDING INC. 18 6.24% $16,082
    MY MOVE MORTGAGE, LLC 17 6.24% $13,920
    PENNYMAC LOAN SERVICES, LLC 13 6.06% $11,694
    MOUNTAIN AMERICA 12 5.76% $12,523
    SECURITYNATIONAL MORTGAGE COMPANY 9 6.32% $18,104
    Century Mortgage Company DBA Century Lending Company 8 5.84% $15,116
    FREEDOM MORTGAGE CORPORATION 8 5.84% $18,644
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 8 6.45% $14,860
    Plains Commerce Bank 8 6.64% $15,309
    VILLAGE CAPITAL MORTGAGE 7 6.14% $9,371
    VERITAS FUNDING, LLC 7 6.07% $17,821
    HOMEAMERICAN MORTGAGE CORPORATION 7 4.57% $12,705
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 6 6.90% $10,514
    Mr. Cooper ( Nationstar Mortgage ) 6 6.23% $14,656
    CROSSCOUNTRY MORTGAGE, LLC 6 6.30% $14,854
    BROKER SOLUTIONS, INC. 6 6.29% $15,141
    CANOPY MORTGAGE, LLC 5 6.20% $14,603
    LOANDEPOT.COM, LLC 4 5.81% $16,822
    BAY EQUITY LLC 4 6.40% $13,722
    AMERICAN FINANCING CORPORATION 4 5.75% $15,368
    Paramount Residential Mortgage Group, Inc. 3 6.33% $13,729
    CMG MORTGAGE, INC. 3 5.88% $13,392
    SUN WEST MORTGAGE COMPANY, INC. 3 5.79% $22,566
    SECURITY HOME MORTGAGE, LLC. 3 6.71% $13,497
    PLANET HOME LENDING, LLC 3 5.91% $9,756
    LAKEVIEW LOAN SERVICING, LLC 3 6.04% $8,922
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 3 6.38% $17,584
    SWBC MORTGAGE CORPORATION 2 6.19% $8,186
    Flagstar Bank, FSB 2 6.06% $15,880
    AMERICAN FINANCIAL NETWORK, INC. 2 7.13% $22,119
    Encompass Lending Group, LP 2 7.06% $17,319
    Bank of Utah 2 6.69% $10,126
    DIRECT MORTGAGE, CORP. 2 5.69% $18,307
    JMAC LENDING, INC. 2 6.44% $10,661
    NEWREZ LLC 2 6.25% $10,971
    Mortgage Research Center, LLC 1 5.99% $4,053
    AMERICA FIRST 1 6.13% $9,758
    AMERICAN FINANCIAL RESOURCES, INC. 1 6.75% $9,028
    American Mortgage & Equity Consultants, Inc. 1 6.75% $21,026
    AMERISAVE MORTGAGE CORPORATION 1 5.13% $26,164
    Barrington Bank & Trust Company, N.A. 1 5.50% $10,926
    Carrington Mortgage Services, LLC 1 5.63% $12,742
    Cornerstone First Mortgage, Inc 1 6.50% $12,964
    CORNERSTONE HOME LENDING, INC. 1 6.25% $25,658
    Equity Prime Mortgage LLC 1 7.75% $14,547
    FirstBank 1 6.75% $14,713
    Franklin Loan Corporation 1 5.99% $16,336
    GOLDENWEST 1 6.50% $12,471
    GUARANTEED RATE, INC. 1 6.25% $17,354
    HOMESIDE FINANCIAL, LLC 1 5.99% $17,622
    Hometown Equity Mortgage, LLC 1 5.75% $19,493
    INTELLILOAN, INC. 1 6.00% $13,949
    LADERA LENDING, INC. 1 6.13% $18,667
    LOANPAL, LLC 1 4.88% $18,659
    MID AMERICA MORTGAGE, INC. 1 6.75% $6,287
    ALAMEDA MORTGAGE CORPORATION 1 6.50% $13,057
    ON Q FINANCIAL, INC. 1 6.63% $11,752
    PLAZA HOME MORTGAGE, INC. 1 6.63% $13,415
    PRIMARY RESIDENTIAL MORTGAGE, INC. 1 5.50% $19,187
    RANLIFE, INC. 1 5.88% $25,188
    RESIDENTIAL WHOLESALE MORTGAGE, INC. 1 5.99% $24,914
    Sierra Pacific Mortgage Company, Inc. 1 5.75% $20,794
    The Federal Savings Bank 1 6.50% $18,055
    UNION HOME MORTGAGE CORP. 1 6.63% $14,237
    Utah Mortgage Loan Corporation 1 6.75% $9,028

    The top St. George FHA lender as defined by loan originations is GUILD MORTGAGE COMPANY, with 147 FHA loans originated. Their average total fees are $18,451, which is $8,784 higher than the next largest lender, DHI MORTGAGE COMPANY, LTD..

    The lowest fee St. George FHA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. ($9,666), PENNYMAC LOAN SERVICES, LLC ($11,694), MOUNTAIN AMERICA ($12,523), MY MOVE MORTGAGE, LLC ($13,920) and The Loan Store, Inc. ($14,055).

    The lowest rate St. George FHA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (5.49%), MOUNTAIN AMERICA (5.76%), The Loan Store, Inc. (5.82%), UNITED WHOLESALE MORTGAGE, LLC (5.95%) and SUN AMERICAN MORTGAGE COMPANY (5.99%).

    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

    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).