St. Marys FHA Loan Rates, Closing Costs & Stats
St. Marys, GA
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. Marys's 50 lenders originated 166 FHA loans during 2023. The total origination value was $69,230,000, with an average FHA loan value of $417,048.
St. Marys FHA Loans, 30 Year Fixed Rates
30 Year FHA mortgages in St. Marys
averaged
5.71%
for the week of 2024-10-11, compared to the national average (all FHA variants) of
6.1% for the same period.
St. Marys's average FHA mortgage closing costs are $7,178.
The average rate for the prior week (2024-10-04) was
5.53% and
one month ago for the week of 2024-09-06, the
average rate was 5.75%.
The average rate one year ago was 7.18%.
For refis of the same type during the week of 2024-10-11, the average rate
was 6%.
St. Marys 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. Marys level.
The top St. Marys FHA lender as defined by loan originations is QUICKEN LOANS, LLC, with
37 FHA loans originated. Their average total fees are
$10,261, which is $1,305
lower than the next largest lender,
GUARANTEED RATE, INC..
The lowest fee St. Marys FHA lenders (with over 10 loans originated) are
QUICKEN LOANS, LLC ($10,261), GUARANTEED RATE, INC. ($11,565), THRIVE MORTGAGE, LLC ($13,290), .
The lowest rate St. Marys FHA lenders (with over 10 loans originated) are
THRIVE MORTGAGE, LLC (6.11%), QUICKEN LOANS, LLC (6.20%), GUARANTEED RATE, INC. (6.57%), .
St. Marys FHA Loan Limits
Metro | County | Year | Single Family Limit | 2 Family Limit | 3 Family Limit | 4 Family Limit |
---|---|---|---|---|---|---|
ST. MARYS, GA | CAMDEN | 2022 | $420,680 | $538,650 | $651,050 | $809,150 |
ST. MARYS, GA | CAMDEN | 2023 | $472,030 | $604,400 | $730,525 | $907,900 |
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - St. Marys (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $219,948 (-2.2%) | $258,449 (2.6%) | 0.00 | 302 |
2018-02-01 | $225,000 (-0.4%) | $272,766 (6.8%) | 0.00 | 301 |
2018-03-01 | $229,000 (4.1%) | $265,182 (4.1%) | 0.00 | 310 |
2018-04-01 | $234,450 (7.1%) | $277,752 (7.6%) | 0.00 | 302 |
2018-05-01 | $239,000 (12.8%) | $283,658 (11.4%) | 0.00 | 297 |
2018-06-01 | $233,900 (13.6%) | $281,865 (11.2%) | 0.00 | 324 |
2018-07-01 | $229,995 (12.5%) | $276,414 (11.0%) | 0.00 | 341 |
2018-08-01 | $228,223 (12.4%) | $279,778 (13.2%) | 0.00 | 355 |
2018-09-01 | $225,000 (10.8%) | $278,298 (13.4%) | 0.00 | 360 |
2018-10-01 | $219,700 (5.4%) | $271,280 (7.7%) | 0.00 | 390 |
2018-11-01 | $217,000 (1.3%) | $264,388 (3.5%) | 0.00 | 403 |
2018-12-01 | $219,250 (-0.8%) | $266,210 (2.2%) | 0.00 | 382 |
2019-01-01 | $217,000 (-1.3%) | $270,291 (4.6%) | 0.00 | 340 |
2019-02-01 | $215,000 (-4.4%) | $274,317 (0.6%) | 0.00 | 338 |
2019-03-01 | $218,086 (-4.8%) | $283,136 (6.8%) | 0.00 | 323 |
2019-04-01 | $217,136 (-7.4%) | $287,116 (3.4%) | 0.00 | 307 |
2019-05-01 | $219,444 (-8.2%) | $285,606 (0.7%) | 0.00 | 298 |
2019-06-01 | $219,450 (-6.2%) | $282,672 (0.3%) | 0.00 | 299 |
2019-07-01 | $234,850 (2.1%) | $286,517 (3.7%) | 0.00 | 296 |
2019-08-01 | $238,873 (4.7%) | $288,399 (3.1%) | 0.00 | 283 |
2019-09-01 | $245,132 (9.0%) | $292,904 (5.3%) | 0.00 | 265 |
2019-10-01 | $251,250 (14.4%) | $295,665 (9.0%) | 0.00 | 253 |
2019-11-01 | $255,000 (17.5%) | $293,965 (11.2%) | 0.00 | 268 |
2019-12-01 | $249,900 (14.0%) | $298,622 (12.2%) | 0.00 | 256 |
2020-01-01 | $249,925 (15.2%) | $302,512 (11.9%) | 0.00 | 249 |
2020-02-01 | $240,000 (11.6%) | $299,970 (9.4%) | 0.00 | 241 |
2020-03-01 | $264,900 (21.5%) | $321,032 (13.4%) | 0.00 | 230 |
2020-04-01 | $277,400 (27.8%) | $322,687 (12.4%) | 0.00 | 230 |
2020-05-01 | $299,900 (36.7%) | $337,981 (18.3%) | 0.00 | 198 |
2020-06-01 | $304,725 (38.9%) | $342,977 (21.3%) | 0.00 | 202 |
2020-07-01 | $299,225 (27.4%) | $338,687 (18.2%) | 0.00 | 196 |
2020-08-01 | $296,000 (23.9%) | $337,613 (17.1%) | 0.00 | 175 |
2020-09-01 | $287,400 (17.2%) | $334,702 (14.3%) | 0.00 | 180 |
2020-10-01 | $289,000 (15.0%) | $335,727 (13.6%) | 0.00 | 185 |
2020-11-01 | $294,446 (15.5%) | $339,651 (15.5%) | 0.00 | 175 |
2020-12-01 | $288,998 (15.7%) | $336,245 (12.6%) | 0.00 | 177 |
2021-01-01 | $290,000 (16.0%) | $345,105 (14.1%) | 0.00 | 137 |
2021-02-01 | $290,425 (21.0%) | $363,020 (21.0%) | 0.00 | 120 |
2021-03-01 | $314,900 (18.9%) | $386,511 (20.4%) | 0.00 | 101 |
2021-04-01 | $318,250 (14.7%) | $403,673 (25.1%) | 0.00 | 67 |
2021-05-01 | $299,450 (-0.2%) | $394,747 (16.8%) | 0.00 | 76 |
2021-06-01 | $302,450 (-0.8%) | $378,796 (10.4%) | 0.00 | 88 |
2021-07-01 | $299,900 (0.2%) | $367,062 (8.4%) | 0.00 | 105 |
2021-08-01 | $298,200 (0.7%) | $360,316 (6.7%) | 0.00 | 115 |
2021-09-01 | $294,800 (2.6%) | $375,190 (12.1%) | 0.00 | 95 |
2021-10-01 | $309,900 (7.2%) | $379,014 (12.9%) | 0.00 | 112 |
2021-11-01 | $332,500 (12.9%) | $366,393 (7.9%) | 0.00 | 119 |
2021-12-01 | $322,450 (11.6%) | $413,703 (23.0%) | 0.00 | 119 |
2022-01-01 | $349,050 (20.4%) | $438,966 (27.2%) | 0.00 | 105 |
2022-02-01 | $386,250 (33.0%) | $488,974 (34.7%) | 0.00 | 83 |
2022-03-01 | $380,970 (21.0%) | $487,457 (26.1%) | 0.00 | 62 |
2022-04-01 | $378,195 (18.8%) | $500,733 (24.0%) | 0.00 | 65 |
2022-05-01 | $377,200 (26.0%) | $473,122 (19.9%) | 0.00 | 79 |
2022-06-01 | $377,473 (24.8%) | $476,163 (25.7%) | 0.00 | 92 |
2022-07-01 | $370,000 (23.4%) | $443,883 (20.9%) | 0.00 | 133 |
2022-08-01 | $387,150 (29.8%) | $443,300 (23.0%) | 0.00 | 143 |
2022-09-01 | $369,900 (25.5%) | $419,402 (11.8%) | 0.00 | 143 |
2022-10-01 | $371,400 (19.9%) | $423,875 (11.8%) | 0.00 | 159 |
2022-11-01 | $368,323 (10.8%) | $431,167 (17.7%) | 0.00 | 175 |
2022-12-01 | $359,900 (11.6%) | $411,294 (-0.6%) | 0.00 | 172 |
2023-01-01 | $369,900 (6.0%) | $423,141 (-3.6%) | 0.00 | 149 |
2023-02-01 | $369,900 (-4.2%) | $425,228 (-13.0%) | 0.00 | 125 |
2023-03-01 | $399,900 (5.0%) | $453,802 (-6.9%) | 0.00 | 124 |
2023-04-01 | $397,486 (5.1%) | $491,219 (-1.9%) | 0.00 | 124 |
2023-05-01 | $399,900 (6.0%) | $507,175 (7.2%) | 0.00 | 133 |
2023-06-01 | $390,098 (3.3%) | $486,653 (2.2%) | 0.00 | 163 |
2023-07-01 | $366,900 (-0.8%) | $477,858 (7.7%) | 0.00 | 170 |
2023-08-01 | $356,425 (-7.9%) | $460,405 (3.9%) | 0.00 | 178 |
2023-09-01 | $354,400 (-4.2%) | $462,125 (10.2%) | 0.00 | 194 |
2023-10-01 | $350,950 (-5.5%) | $461,612 (8.9%) | 0.00 | 215 |
2023-11-01 | $349,300 (-5.2%) | $455,358 (5.6%) | 0.00 | 225 |
2023-12-01 | $351,900 (-2.2%) | $457,099 (11.1%) | 0.00 | 218 |
2024-01-01 | $356,400 (-3.7%) | $445,373 (5.3%) | 0.00 | 228 |
2024-02-01 | $374,095 (1.1%) | $455,591 (7.1%) | 0.00 | 213 |
2024-03-01 | $376,900 (-5.8%) | $462,695 (2.0%) | 0.00 | 226 |
2024-04-01 | $384,450 (-3.3%) | $443,561 (-9.7%) | 0.00 | 287 |
2024-05-01 | $407,450 (1.9%) | $459,478 (-9.4%) | 0.00 | 277 |
2024-06-01 | $419,900 (7.6%) | $470,585 (-3.3%) | 0.00 | 297 |
2024-07-01 | $409,530 (11.6%) | $463,370 (-3.0%) | 0.00 | 314 |
2024-08-01 | $399,900 (12.2%) | $458,270 (-0.5%) | 0.00 | 323 |
2024-09-01 | $399,950 (12.9%) | $455,446 (-1.5%) | 0.00 | 321 |
St. Marys's median listing price comes in at 0% of the national average.
St. Marys's average listing price for 2024-09-01 was $455,446, a difference of $-6,679 (-1.5%) versus the prior year and $-2,824 versus the prior month.
For the 2024-09-01 period, St. Marys had 321 MLS listings, a difference of -2 listings (-1%) versus the prior month and 127 listings (65%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - St. Marys (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 2,073 sqft |
2018-02-01 | 0 days | 2,108 sqft |
2018-03-01 | 0 days | 2,083 sqft |
2018-04-01 | 0 days | 2,081 sqft |
2018-05-01 | 0 days | 2,078 sqft |
2018-06-01 | 0 days | 2,081 sqft |
2018-07-01 | 0 days | 2,026 sqft |
2018-08-01 | 0 days | 2,054 sqft |
2018-09-01 | 0 days | 2,036 sqft |
2018-10-01 | 0 days | 1,984 sqft |
2018-11-01 | 0 days | 1,934 sqft |
2018-12-01 | 0 days | 1,947 sqft |
2019-01-01 | 0 days | 1,922 sqft |
2019-02-01 | 0 days | 1,937 sqft |
2019-03-01 | 0 days | 1,960 sqft |
2019-04-01 | 0 days | 1,994 sqft |
2019-05-01 | 0 days | 1,954 sqft |
2019-06-01 | 0 days | 1,946 sqft |
2019-07-01 | 0 days | 2,012 sqft |
2019-08-01 | 0 days | 2,012 sqft |
2019-09-01 | 0 days | 2,046 sqft |
2019-10-01 | 0 days | 2,071 sqft |
2019-11-01 | 0 days | 2,065 sqft |
2019-12-01 | 0 days | 2,062 sqft |
2020-01-01 | 0 days | 2,045 sqft |
2020-02-01 | 0 days | 2,034 sqft |
2020-03-01 | 0 days | 2,061 sqft |
2020-04-01 | 0 days | 2,088 sqft |
2020-05-01 | 0 days | 2,180 sqft |
2020-06-01 | 0 days | 2,255 sqft |
2020-07-01 | 0 days | 2,215 sqft |
2020-08-01 | 0 days | 2,137 sqft |
2020-09-01 | 0 days | 2,155 sqft |
2020-10-01 | 0 days | 2,100 sqft |
2020-11-01 | 0 days | 2,099 sqft |
2020-12-01 | 0 days | 2,080 sqft |
2021-01-01 | 0 days | 2,103 sqft |
2021-02-01 | 0 days | 2,060 sqft |
2021-03-01 | 0 days | 2,066 sqft |
2021-04-01 | 0 days | 2,070 sqft |
2021-05-01 | 0 days | 1,997 sqft |
2021-06-01 | 0 days | 2,076 sqft |
2021-07-01 | 0 days | 2,000 sqft |
2021-08-01 | 0 days | 2,059 sqft |
2021-09-01 | 0 days | 1,997 sqft |
2021-10-01 | 0 days | 2,026 sqft |
2021-11-01 | 0 days | 2,040 sqft |
2021-12-01 | 0 days | 2,044 sqft |
2022-01-01 | 0 days | 2,114 sqft |
2022-02-01 | 0 days | 2,155 sqft |
2022-03-01 | 0 days | 2,089 sqft |
2022-04-01 | 0 days | 2,100 sqft |
2022-05-01 | 0 days | 2,084 sqft |
2022-06-01 | 0 days | 2,102 sqft |
2022-07-01 | 0 days | 2,130 sqft |
2022-08-01 | 0 days | 2,132 sqft |
2022-09-01 | 0 days | 2,055 sqft |
2022-10-01 | 0 days | 2,101 sqft |
2022-11-01 | 0 days | 2,044 sqft |
2022-12-01 | 0 days | 2,036 sqft |
2023-01-01 | 0 days | 2,014 sqft |
2023-02-01 | 0 days | 2,028 sqft |
2023-03-01 | 0 days | 2,117 sqft |
2023-04-01 | 0 days | 2,096 sqft |
2023-05-01 | 0 days | 2,061 sqft |
2023-06-01 | 0 days | 2,064 sqft |
2023-07-01 | 0 days | 2,045 sqft |
2023-08-01 | 0 days | 2,039 sqft |
2023-09-01 | 0 days | 2,008 sqft |
2023-10-01 | 0 days | 1,986 sqft |
2023-11-01 | 0 days | 1,934 sqft |
2023-12-01 | 0 days | 1,956 sqft |
2024-01-01 | 0 days | 1,969 sqft |
2024-02-01 | 0 days | 2,021 sqft |
2024-03-01 | 0 days | 2,067 sqft |
2024-04-01 | 0 days | 2,110 sqft |
2024-05-01 | 0 days | 2,158 sqft |
2024-06-01 | 0 days | 2,211 sqft |
2024-07-01 | 0 days | 2,159 sqft |
2024-08-01 | 0 days | 2,117 sqft |
2024-09-01 | 0 days | 2,067 sqft |
St. Marys's median square footage for active listings during the 2024-09-01 period was 2,067 sqft. One year prior, the average listing was 2,008 sqft.