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 75 lenders originated 1,515 FHA loans during 2021. The total origination value was $432,735,000, with an average FHA loan value of $285,634.

St. George FHA Loans, 30 Year Fixed Rates

30 Year FHA mortgages in St. George averaged 6.01% for the week of 2023-01-27, compared to the national average (all FHA variants) of 6.186% for the same period.

St. George's average FHA mortgage closing costs are $8,680.

The average rate for the prior week (2023-01-20) was 5.88% and one month ago for the week of 2022-12-23, the average rate was 6.17%.

The average rate one year ago was 3.56%.

For refis of the same type during the week of 2023-01-27, the average rate was 5.97%.

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 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
SUN AMERICAN MORTGAGE COMPANY 100 2.93% $10,742
GUILD MORTGAGE COMPANY 80 2.91% $11,329
QUICKEN LOANS, LLC 48 2.52% $7,636
FIRST COLONY MORTGAGE CORPORATION 43 2.88% $10,274
BAY EQUITY LLC 34 3.01% $11,779
ACADEMY MORTGAGE CORPORATION 28 3.03% $10,328
CALIBER HOME LOANS, INC. 27 2.69% $7,587
UNITED WHOLESALE MORTGAGE, LLC 27 2.65% $9,634
FREEDOM MORTGAGE CORPORATION 26 2.64% $5,951
LAKEVIEW LOAN SERVICING, LLC 24 2.90% $5,254
BELEM SERVICING LLC 23 3.16% $9,718
INTERCAP LENDING INC. 20 2.90% $10,252
PENNYMAC LOAN SERVICES, LLC 17 2.88% $5,977
VILLAGE CAPITAL MORTGAGE 16 2.68% $4,063
BROKER SOLUTIONS, INC. 12 3.29% $10,887
Mr. Cooper ( Nationstar Mortgage ) 12 3.10% $5,326
CHERRY CREEK MORTGAGE, LLC 11 2.93% $4,927
VERITAS FUNDING, LLC 11 2.65% $10,407
Hometown Lenders, Inc. 9 3.38% $10,915
SECURITYNATIONAL MORTGAGE COMPANY 9 2.75% $11,048
NEWREZ LLC 7 3.05% $8,395
CITYWIDE HOME LOANS, LLC 6 3.13% $11,696
AMERICAN FINANCING CORPORATION 5 2.70% $7,920
The Federal Savings Bank 5 2.68% $11,162
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 5 2.85% $10,123
AMERICAN FINANCIAL NETWORK, INC. 5 3.60% $15,713
RANLIFE, INC. 5 3.02% $8,467
MOUNTAIN AMERICA 4 2.47% $9,388
AMERICA FIRST 4 2.91% $10,309
AMERICAN PACIFIC MORTGAGE CORPORATION 4 2.91% $10,178
HOME POINT FINANCIAL CORPORATION 4 2.81% $7,832
MY MOVE MORTGAGE, LLC 4 3.19% $9,256
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 3 3.04% $9,936
GOLDENWEST 3 2.75% $9,821
MID AMERICA MORTGAGE, INC. 3 3.00% $3,975
Carrington Mortgage Services, LLC 3 3.50% $5,808
MOVEMENT MORTGAGE, LLC 3 3.08% $12,176
EVERETT FINANCIAL, INC. 3 3.46% $8,005
Bank of Utah 3 2.79% $11,339
PRIMARY RESIDENTIAL MORTGAGE, INC. 3 3.25% $8,742
Network Funding, L.P. 3 3.04% $13,387
CROSSCOUNTRY MORTGAGE, LLC 2 3.31% $12,744
GENEVA FINANCIAL, LLC 2 3.25% $11,548
DIRECT MORTGAGE, CORP. 2 2.81% $13,015
Gateway First Bank 2 3.31% $5,703
MORIA DEVELOPMENT, INC. 2 3.00% $10,677
Commerce Home Mortgage, Inc. 2 2.50% $11,877
MOUNTAIN WEST FINANCIAL, INC. 2 3.44% $11,486
CMG MORTGAGE, INC. 2 2.75% $8,031
NBH Bank 2 3.00% $8,581
CITY FIRST MORTGAGE SERVICES, L.L.C. 2 2.56% $7,293
Paramount Residential Mortgage Group, Inc. 2 3.25% $8,125
S1L, Inc. 2 3.31% $12,443
SOVEREIGN LENDING GROUP INCORPORATED 2 2.75% $11,388
STEARNS LENDING, LLC 2 2.87% $7,558
SUN WEST MORTGAGE COMPANY, INC. 2 3.62% $9,411
Cache Valley Bank 2 2.50% $7,708
First Guaranty Mortgage Corporation 2 3.38% $8,396
FINANCE OF AMERICA MORTGAGE LLC 2 2.94% $8,797
PREMIA MORTGAGE, LLC 1 2.88% $7,245
Hometown Equity Mortgage, LLC 1 4.25% $13,981
GUARANTY HOME MORTGAGE CORPORATION 1 3.00% $7,469
Glacier Bank 1 2.38% $10,074
UNITED SECURITY FINANCIAL CORP 1 2.50% $5,539
Mortgage Research Center, LLC 1 2.99% $9,826
CANOPY MORTGAGE, LLC 1 2.99% $11,217
AMERISAVE MORTGAGE CORPORATION 1 3.00% $9,348
Nations Lending Corporation 1 3.75% $10,132
SWBC MORTGAGE CORPORATION 1 2.50% $10,465
EMBRACE HOME LOANS, INC. 1 3.25% $6,562
Blue Ridge Bank 1 2.88% $8,005
OCEANSIDE MORTGAGE COMPANY 1 3.99% $8,955
PANORAMA MORTGAGE GROUP, LLC 1 2.50% $11,381
CALCON MUTUAL MORTGAGE LLC 1 3.00% $15,629
Century Mortgage Company DBA Century Lending Company 1 2.50% $10,201

The top St. George FHA lender as defined by loan originations is SUN AMERICAN MORTGAGE COMPANY, with 100 FHA loans originated. Their average total fees are $10,742, which is $587 lower than the next largest lender, GUILD MORTGAGE COMPANY.

The lowest fee St. George FHA lenders (with over 10 loans originated) are VILLAGE CAPITAL MORTGAGE ($4,063), CHERRY CREEK MORTGAGE, LLC ($4,927), LAKEVIEW LOAN SERVICING, LLC ($5,254), Mr. Cooper ( Nationstar Mortgage ) ($5,326) and FREEDOM MORTGAGE CORPORATION ($5,951).

The lowest rate St. George FHA lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (2.52%), FREEDOM MORTGAGE CORPORATION (2.64%), UNITED WHOLESALE MORTGAGE, LLC (2.65%), VERITAS FUNDING, LLC (2.65%) and VILLAGE CAPITAL MORTGAGE (2.68%).

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

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 (21.9%) 0.00 1,072
2018-05-01 $396,250 (6.4%) $556,838 (6.9%) 0.00 1,053
2018-06-01 $389,000 (4.6%) $541,935 (4.8%) 0.00 1,064
2018-07-01 $381,942 (6.1%) $541,181 (6.3%) 0.00 1,098
2018-08-01 $388,900 (6.7%) $478,965 (-6.5%) 0.00 1,119
2018-09-01 $386,173 (5.8%) $495,232 (-3.6%) 0.00 1,198
2018-10-01 $379,900 (6.9%) $484,825 (6.0%) 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%) $499,491 (-7.0%) 0.00 1,410
2019-04-01 $399,900 (2.3%) $495,773 (-11.7%) 0.00 1,381
2019-05-01 $399,900 (0.9%) $501,492 (-9.9%) 0.00 1,263
2019-06-01 $399,900 (2.8%) $502,356 (-7.3%) 0.00 1,238
2019-07-01 $409,175 (7.1%) $2,163,622 (299.8%) 0.00 1,189
2019-08-01 $406,664 (4.6%) $1,746,928 (264.7%) 0.00 1,219
2019-09-01 $402,634 (4.3%) $1,048,456 (111.7%) 0.00 1,300
2019-10-01 $400,197 (5.3%) $520,365 (7.3%) 0.00 1,340
2019-11-01 $418,135 (10.8%) $527,997 (10.6%) 0.00 1,222
2019-12-01 $427,500 (12.5%) $536,245 (11.8%) 0.00 1,177
2020-01-01 $429,675 (13.1%) $538,896 (12.3%) 0.00 1,164
2020-02-01 $429,900 (8.3%) $553,071 (12.1%) 0.00 1,236
2020-03-01 $439,948 (10.0%) $570,521 (14.2%) 0.00 1,252
2020-04-01 $444,450 (11.1%) $560,885 (13.1%) 0.00 1,341
2020-05-01 $439,900 (10.0%) $569,295 (13.5%) 0.00 1,215
2020-06-01 $444,970 (11.3%) $586,768 (16.8%) 0.00 976
2020-07-01 $454,250 (11.0%) $603,431 (-72.1%) 0.00 822
2020-08-01 $456,475 (12.3%) $641,908 (-63.3%) 0.00 669
2020-09-01 $469,950 (16.7%) $678,874 (-35.3%) 0.00 607
2020-10-01 $500,000 (24.9%) $758,179 (45.7%) 0.00 516
2020-11-01 $529,925 (26.7%) $830,935 (57.4%) 0.00 463
2020-12-01 $539,450 (26.2%) $827,443 (54.3%) 0.00 416
2021-01-01 $549,500 (27.9%) $837,798 (55.5%) 0.00 315
2021-02-01 $589,864 (37.2%) $844,813 (52.8%) 0.00 290
2021-03-01 $612,450 (39.2%) $833,831 (46.2%) 0.00 262
2021-04-01 $637,697 (43.5%) $838,617 (49.5%) 0.00 257
2021-05-01 $650,000 (47.8%) $886,132 (55.7%) 0.00 321
2021-06-01 $649,950 (46.1%) $1,267,726 (116.1%) 0.00 415
2021-07-01 $644,950 (42.0%) $1,161,837 (92.5%) 0.00 525
2021-08-01 $625,000 (36.9%) $1,101,619 (71.6%) 0.00 594
2021-09-01 $630,872 (34.2%) $998,900 (47.1%) 0.00 682
2021-10-01 $620,450 (24.1%) $989,958 (30.6%) 0.00 704
2021-11-01 $634,500 (19.7%) $1,014,471 (22.1%) 0.00 620
2021-12-01 $659,950 (22.3%) $1,098,590 (32.8%) 0.00 508
2022-01-01 $725,000 (31.9%) $1,212,441 (44.7%) 0.00 402
2022-02-01 $770,000 (30.5%) $1,272,967 (50.7%) 0.00 372
2022-03-01 $788,475 (28.7%) $1,249,020 (49.8%) 0.00 434
2022-04-01 $780,000 (22.3%) $984,437 (17.4%) 0.00 476
2022-05-01 $767,400 (18.1%) $951,211 (7.3%) 0.00 679
2022-06-01 $739,950 (13.9%) $900,846 (-28.9%) 0.00 869
2022-07-01 $699,900 (8.5%) $847,841 (-27.0%) 0.00 1,104
2022-08-01 $667,400 (6.8%) $799,754 (-27.4%) 0.00 1,249
2022-09-01 $657,000 (4.1%) $787,958 (-21.1%) 0.00 1,296
2022-10-01 $649,900 (4.8%) $778,860 (-21.3%) 0.00 1,378
2022-11-01 $649,450 (2.4%) $776,251 (-23.5%) 0.00 1,382
2022-12-01 $649,500 (-1.6%) $779,334 (-29.1%) 0.00 1,322
St. George's median listing price for 2022-12-01 was $649,500, a difference of $-10,450 (-1.6%) versus the prior year and $50 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 2022-12-01 was $779,334, a difference of $-319,256 (-29.1%) versus the prior year and $3,083 versus the prior month.

For the 2022-12-01 period, St. George had 1,322 MLS listings, a difference of -60 listings (-4%) versus the prior month and 814 listings (160%) 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 2,246 sqft
2019-04-01 0 days 2,237 sqft
2019-05-01 0 days 2,239 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 2,272 sqft
2020-02-01 0 days 2,256 sqft
2020-03-01 0 days 2,307 sqft
2020-04-01 0 days 2,310 sqft
2020-05-01 0 days 2,301 sqft
2020-06-01 0 days 2,307 sqft
2020-07-01 0 days 2,320 sqft
2020-08-01 0 days 2,334 sqft
2020-09-01 0 days 2,355 sqft
2020-10-01 0 days 2,466 sqft
2020-11-01 0 days 2,505 sqft
2020-12-01 0 days 2,503 sqft
2021-01-01 0 days 2,574 sqft
2021-02-01 0 days 2,538 sqft
2021-03-01 0 days 2,463 sqft
2021-04-01 0 days 2,514 sqft
2021-05-01 0 days 2,578 sqft
2021-06-01 0 days 2,527 sqft
2021-07-01 0 days 2,389 sqft
2021-08-01 0 days 2,293 sqft
2021-09-01 0 days 2,319 sqft
2021-10-01 0 days 2,322 sqft
2021-11-01 0 days 2,334 sqft
2021-12-01 0 days 2,459 sqft
2022-01-01 0 days 2,569 sqft
2022-02-01 0 days 2,570 sqft
2022-03-01 0 days 2,558 sqft
2022-04-01 0 days 2,499 sqft
2022-05-01 0 days 2,454 sqft
2022-06-01 0 days 2,358 sqft
2022-07-01 0 days 2,294 sqft
2022-08-01 0 days 2,226 sqft
2022-09-01 0 days 2,218 sqft
2022-10-01 0 days 2,174 sqft
2022-11-01 0 days 2,179 sqft
2022-12-01 0 days 2,174 sqft
St. George's median listing age (time on market) for 2022-12-01 was 0 days.

St. George's median square footage for active listings during the 2022-12-01 period was 2,174 sqft. One year prior, the average listing was 2,459 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).