Talladega FHA Loan Rates, Closing Costs & Stats

Talladega-Sylacauga, AL

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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.

    Talladega's 57 lenders originated 243 FHA loans during 2023. The total origination value was $43,845,000, with an average FHA loan value of $180,432.

    Talladega FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Talladega averaged 6.46% for the week of 2025-02-14, compared to the national average (all FHA variants) of 6.515% for the same period.

    Talladega's average FHA mortgage closing costs are $6,344.

    The average rate for the prior week (2025-02-07) was 6.67% and one month ago for the week of 2025-01-10, the average rate was 6.43%.

    The average rate one year ago was 6.36%.

    For refis of the same type during the week of 2025-02-14, the average rate was 6.42%.

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

    Talladega 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 Talladega level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    MOVEMENT MORTGAGE, LLC 32 6.66% $7,318
    QUICKEN LOANS, LLC 29 6.44% $9,102
    UNITED WHOLESALE MORTGAGE, LLC 16 6.45% $8,173
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 14 6.59% $7,185
    HUNT MORTGAGE CORPORATION 10 6.50% $6,755
    Renasant Bank 7 6.63% $11,557
    SouthPoint Bank 7 6.70% $5,590
    GUILD MORTGAGE COMPANY 6 6.44% $7,801
    VANDERBILT MORTGAGE AND FINANCE, INC. 6 6.85% $7,447
    FIRST COMMUNITY MORTGAGE, INC. 5 7.33% $10,345
    SUCCESS MORTGAGE PARTNERS, INC. 5 6.78% $8,520
    FREEDOM MORTGAGE CORPORATION 5 6.75% $12,524
    Hamilton Mortgage Corporation 5 7.25% $7,649
    Equity Prime Mortgage LLC 4 6.56% $7,602
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 4 6.38% $6,605
    FBC MORTGAGE, LLC 3 6.75% $8,425
    ACOPIA, LLC 3 7.46% $7,860
    LOANDEPOT.COM, LLC 3 6.04% $10,640
    Mr. Cooper ( Nationstar Mortgage ) 3 6.46% $7,336
    TJC Mortgage, Inc. 3 6.67% $8,064
    HOMESTAR FINANCIAL CORPORATION 2 6.88% $6,316
    UNION HOME MORTGAGE CORP. 2 7.69% $8,705
    Ameris Bank 2 6.44% $8,980
    AMERICAN FINANCIAL NETWORK, INC. 2 7.50% $10,295
    Assurance Financial Group, L.L.C. 2 7.06% $7,416
    Regions Bank 2 6.00% $6,479
    BROKER SOLUTIONS, INC. 2 6.69% $9,145
    Plains Commerce Bank 2 6.63% $7,969
    First Federal Bank, A FSB 2 5.50% $7,379
    AMERICAN PACIFIC MORTGAGE CORPORATION 2 7.19% $8,571
    ZILLOW HOME LOANS, LLC 1 5.13% $19,442
    BancorpSouth 1 6.13% $11,224
    Bank of England 1 6.75% $6,587
    Barrington Bank & Trust Company, N.A. 1 6.25% $11,852
    BAYSHORE MORTGAGE FUNDING, LLC 1 7.63% $12,078
    CARDINAL FINANCIAL 1 6.75% $5,532
    Carrington Mortgage Services, LLC 1 7.63% $6,466
    CROSSCOUNTRY MORTGAGE, LLC 1 5.75% $10,055
    FirstBank 1 6.63% $6,629
    GSF Mortgage Corporation 1 5.50% $10,141
    GUARANTEED RATE AFFINITY, LLC 1 7.00% $11,448
    HOMEOWNERS FINANCIAL GROUP USA, LLC 1 5.25% $9,706
    ISERVE RESIDENTIAL LENDING, LLC 1 6.75% $14,142
    JPMorgan Chase Bank 1 6.99% $5,482
    LAKEVIEW LOAN SERVICING, LLC 1 6.50% $10,763
    MID AMERICA MORTGAGE, INC. 1 8.25% $5,960
    MORTGAGE INVESTORS GROUP, INC. 1 6.13% $6,058
    Mortgage Research Center, LLC 1 7.13% $5,072
    MUTUAL OF OMAHA MORTGAGE, INC. 1 7.00% $15,781
    NFM, INC. 1 7.63% $6,910
    PENNYMAC LOAN SERVICES, LLC 1 5.75% $9,034
    Prosperity Home Mortgage, LLC 1 5.25% $12,408
    South State Bank 1 5.88% $11,808
    STOCKTON MORTGAGE CORPORATION 1 7.75% $6,751
    The Loan Store, Inc. 1 6.99% $19,271
    TOP FLITE FINANCIAL, INC. 1 7.50% $13,145
    Trustmark National Bank 1 7.00% $6,561

    The top Talladega FHA lender as defined by loan originations is MOVEMENT MORTGAGE, LLC, with 32 FHA loans originated. Their average total fees are $7,318, which is $1,784 lower than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Talladega FHA lenders (with over 10 loans originated) are HUNT MORTGAGE CORPORATION ($6,755), FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($7,185), MOVEMENT MORTGAGE, LLC ($7,318), UNITED WHOLESALE MORTGAGE, LLC ($8,173) and QUICKEN LOANS, LLC ($9,102).

    The lowest rate Talladega FHA lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (6.44%), UNITED WHOLESALE MORTGAGE, LLC (6.45%), HUNT MORTGAGE CORPORATION (6.50%), FAIRWAY INDEPENDENT MORTGAGE CORPORATION (6.59%) and MOVEMENT MORTGAGE, LLC (6.66%).

    Talladega FHA Loan Limits

    Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
    TALLADEGA-SYLACAUGA, AL TALLADEGA 2022 $420,680 $538,650 $651,050 $809,150
    TALLADEGA-SYLACAUGA, AL TALLADEGA 2023 $472,030 $604,400 $730,525 $907,900

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Talladega (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 $161,525 (12.7%) $217,997 (10.4%) 0.00 327
    2018-02-01 $159,450 (7.1%) $215,027 (4.6%) 0.00 321
    2018-03-01 $163,500 (7.6%) $228,509 (5.6%) 0.00 322
    2018-04-01 $169,900 (9.7%) $243,919 (10.3%) 0.00 310
    2018-05-01 $173,200 (7.3%) $245,457 (8.5%) 0.00 311
    2018-06-01 $175,000 (7.7%) $247,328 (10.0%) 0.00 318
    2018-07-01 $169,900 (3.0%) $242,930 (8.7%) 0.00 325
    2018-08-01 $167,875 (1.8%) $239,847 (9.2%) 0.00 341
    2018-09-01 $169,900 (6.4%) $242,808 (13.2%) 0.00 346
    2018-10-01 $166,750 (4.6%) $250,148 (17.3%) 0.00 359
    2018-11-01 $168,625 (5.4%) $255,744 (18.5%) 0.00 349
    2018-12-01 $159,500 (-0.3%) $252,995 (18.2%) 0.00 325
    2019-01-01 $159,900 (-1.0%) $248,492 (14.0%) 0.00 318
    2019-02-01 $160,900 (0.9%) $244,921 (13.9%) 0.00 323
    2019-03-01 $167,043 (2.2%) $258,982 (13.3%) 0.00 315
    2019-04-01 $172,400 (1.5%) $267,450 (9.7%) 0.00 317
    2019-05-01 $185,425 (7.1%) $271,826 (10.7%) 0.00 325
    2019-06-01 $186,200 (6.4%) $270,386 (9.3%) 0.00 334
    2019-07-01 $170,575 (0.4%) $261,590 (7.7%) 0.00 356
    2019-08-01 $172,136 (2.5%) $261,567 (9.1%) 0.00 366
    2019-09-01 $173,466 (2.1%) $261,483 (7.7%) 0.00 371
    2019-10-01 $174,700 (4.8%) $263,233 (5.2%) 0.00 367
    2019-11-01 $172,900 (2.5%) $252,160 (-1.4%) 0.00 345
    2019-12-01 $172,900 (8.4%) $240,721 (-4.9%) 0.00 340
    2020-01-01 $173,700 (8.6%) $253,423 (2.0%) 0.00 311
    2020-02-01 $170,000 (5.7%) $254,037 (3.7%) 0.00 308
    2020-03-01 $169,950 (1.7%) $248,138 (-4.2%) 0.00 309
    2020-04-01 $171,108 (-0.8%) $250,706 (-6.3%) 0.00 306
    2020-05-01 $180,400 (-2.7%) $258,994 (-4.7%) 0.00 286
    2020-06-01 $184,800 (-0.8%) $255,741 (-5.4%) 0.00 254
    2020-07-01 $191,298 (12.2%) $266,273 (1.8%) 0.00 218
    2020-08-01 $189,450 (10.1%) $256,721 (-1.9%) 0.00 195
    2020-09-01 $187,950 (8.4%) $264,473 (1.1%) 0.00 184
    2020-10-01 $187,950 (7.6%) $278,676 (5.9%) 0.00 168
    2020-11-01 $185,843 (7.5%) $263,604 (4.5%) 0.00 179
    2020-12-01 $184,478 (6.7%) $255,134 (6.0%) 0.00 177
    2021-01-01 $185,065 (6.5%) $276,939 (9.3%) 0.00 157
    2021-02-01 $172,400 (1.4%) $270,862 (6.6%) 0.00 139
    2021-03-01 $176,675 (4.0%) $266,667 (7.5%) 0.00 146
    2021-04-01 $177,400 (3.7%) $284,306 (13.4%) 0.00 134
    2021-05-01 $186,230 (3.2%) $300,185 (15.9%) 0.00 139
    2021-06-01 $204,850 (10.9%) $316,171 (23.6%) 0.00 133
    2021-07-01 $224,900 (17.6%) $315,509 (18.5%) 0.00 155
    2021-08-01 $199,900 (5.5%) $308,269 (20.1%) 0.00 169
    2021-09-01 $191,250 (1.8%) $300,876 (13.8%) 0.00 162
    2021-10-01 $189,950 (1.1%) $306,654 (10.0%) 0.00 167
    2021-11-01 $178,250 (-4.1%) $308,079 (16.9%) 0.00 149
    2021-12-01 $179,500 (-2.7%) $320,619 (25.7%) 0.00 141
    2022-01-01 $189,900 (2.6%) $330,329 (19.3%) 0.00 132
    2022-02-01 $202,973 (17.7%) $323,230 (19.3%) 0.00 121
    2022-03-01 $189,750 (7.4%) $292,513 (9.7%) 0.00 105
    2022-04-01 $198,000 (11.6%) $299,844 (5.5%) 0.00 120
    2022-05-01 $215,975 (16.0%) $312,601 (4.1%) 0.00 159
    2022-06-01 $220,873 (7.8%) $292,600 (-7.5%) 0.00 176
    2022-07-01 $221,000 (-1.7%) $287,442 (-8.9%) 0.00 191
    2022-08-01 $228,125 (14.1%) $303,199 (-1.6%) 0.00 203
    2022-09-01 $230,000 (20.3%) $300,024 (-0.3%) 0.00 203
    2022-10-01 $233,025 (22.7%) $308,131 (0.5%) 0.00 202
    2022-11-01 $219,975 (23.4%) $295,569 (-4.1%) 0.00 229
    2022-12-01 $222,190 (23.8%) $288,699 (-10.0%) 0.00 216
    2023-01-01 $218,975 (15.3%) $284,879 (-13.8%) 0.00 204
    2023-02-01 $199,935 (-1.5%) $265,893 (-17.7%) 0.00 199
    2023-03-01 $203,805 (7.4%) $272,791 (-6.7%) 0.00 184
    2023-04-01 $207,300 (4.7%) $280,422 (-6.5%) 0.00 172
    2023-05-01 $207,853 (-3.8%) $275,695 (-11.8%) 0.00 173
    2023-06-01 $205,480 (-7.0%) $270,895 (-7.4%) 0.00 205
    2023-07-01 $219,260 (-0.8%) $275,706 (-4.1%) 0.00 220
    2023-08-01 $215,478 (-5.5%) $283,664 (-6.4%) 0.00 206
    2023-09-01 $213,681 (-7.1%) $265,110 (-11.6%) 0.00 215
    2023-10-01 $214,855 (-7.8%) $268,429 (-12.9%) 0.00 237
    2023-11-01 $220,355 (0.2%) $275,489 (-6.8%) 0.00 229
    2023-12-01 $225,570 (1.5%) $285,880 (-1.0%) 0.00 226
    2024-01-01 $219,450 (0.2%) $271,650 (-4.6%) 0.00 228
    2024-02-01 $225,750 (12.9%) $286,602 (7.8%) 0.00 223
    2024-03-01 $234,450 (15.0%) $321,247 (17.8%) 0.00 222
    2024-04-01 $239,900 (15.7%) $349,307 (24.6%) 0.00 236
    2024-05-01 $239,975 (15.5%) $342,388 (24.2%) 0.00 244
    2024-06-01 $228,000 (11.0%) $340,277 (25.6%) 0.00 253
    2024-07-01 $225,035 (2.6%) $332,070 (20.4%) 0.00 273
    2024-08-01 $229,150 (6.4%) $322,122 (13.6%) 0.00 311
    2024-09-01 $229,388 (7.4%) $327,636 (23.6%) 0.00 293
    2024-10-01 $227,473 (5.9%) $315,721 (17.6%) 0.00 312
    2024-11-01 $229,900 (4.3%) $323,981 (17.6%) 0.00 302
    2024-12-01 $224,995 (-0.3%) $324,438 (13.5%) 0.00 286
    2025-01-01 $228,900 (4.3%) $324,322 (19.4%) 0.00 291
    Talladega's median listing price for 2025-01-01 was $228,900, a difference of $9,450 (4.3%) versus the prior year and $3,905 versus the prior month.

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

    Talladega's average listing price for 2025-01-01 was $324,322, a difference of $52,672 (19.4%) versus the prior year and $-116 versus the prior month.

    For the 2025-01-01 period, Talladega had 291 MLS listings, a difference of 5 listings (2%) versus the prior month and 63 listings (28%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Talladega (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 2,001 sqft
    2018-02-01 0 days 1,983 sqft
    2018-03-01 0 days 1,999 sqft
    2018-04-01 0 days 2,005 sqft
    2018-05-01 0 days 1,998 sqft
    2018-06-01 0 days 2,002 sqft
    2018-07-01 0 days 1,939 sqft
    2018-08-01 0 days 1,906 sqft
    2018-09-01 0 days 1,888 sqft
    2018-10-01 0 days 1,859 sqft
    2018-11-01 0 days 1,887 sqft
    2018-12-01 0 days 1,860 sqft
    2019-01-01 0 days 1,825 sqft
    2019-02-01 0 days 1,800 sqft
    2019-03-01 0 days 1,835 sqft
    2019-04-01 0 days 1,874 sqft
    2019-05-01 0 days 1,894 sqft
    2019-06-01 0 days 1,853 sqft
    2019-07-01 0 days 1,806 sqft
    2019-08-01 0 days 1,813 sqft
    2019-09-01 0 days 1,793 sqft
    2019-10-01 0 days 1,791 sqft
    2019-11-01 0 days 1,802 sqft
    2019-12-01 0 days 1,802 sqft
    2020-01-01 0 days 1,838 sqft
    2020-02-01 0 days 1,874 sqft
    2020-03-01 0 days 1,831 sqft
    2020-04-01 0 days 1,821 sqft
    2020-05-01 0 days 1,881 sqft
    2020-06-01 0 days 1,803 sqft
    2020-07-01 0 days 1,890 sqft
    2020-08-01 0 days 1,930 sqft
    2020-09-01 0 days 1,901 sqft
    2020-10-01 0 days 1,909 sqft
    2020-11-01 0 days 1,871 sqft
    2020-12-01 0 days 1,820 sqft
    2021-01-01 0 days 1,839 sqft
    2021-02-01 0 days 1,733 sqft
    2021-03-01 0 days 1,721 sqft
    2021-04-01 0 days 1,744 sqft
    2021-05-01 0 days 1,691 sqft
    2021-06-01 0 days 1,783 sqft
    2021-07-01 0 days 1,840 sqft
    2021-08-01 0 days 1,777 sqft
    2021-09-01 0 days 1,713 sqft
    2021-10-01 0 days 1,752 sqft
    2021-11-01 0 days 1,794 sqft
    2021-12-01 0 days 1,722 sqft
    2022-01-01 0 days 1,705 sqft
    2022-02-01 0 days 1,750 sqft
    2022-03-01 0 days 1,700 sqft
    2022-04-01 0 days 1,718 sqft
    2022-05-01 0 days 1,696 sqft
    2022-06-01 0 days 1,644 sqft
    2022-07-01 0 days 1,664 sqft
    2022-08-01 0 days 1,758 sqft
    2022-09-01 0 days 1,844 sqft
    2022-10-01 0 days 1,874 sqft
    2022-11-01 0 days 1,795 sqft
    2022-12-01 0 days 1,750 sqft
    2023-01-01 0 days 1,758 sqft
    2023-02-01 0 days 1,605 sqft
    2023-03-01 0 days 1,628 sqft
    2023-04-01 0 days 1,676 sqft
    2023-05-01 0 days 1,668 sqft
    2023-06-01 0 days 1,593 sqft
    2023-07-01 0 days 1,620 sqft
    2023-08-01 0 days 1,596 sqft
    2023-09-01 0 days 1,573 sqft
    2023-10-01 0 days 1,625 sqft
    2023-11-01 0 days 1,649 sqft
    2023-12-01 0 days 1,679 sqft
    2024-01-01 0 days 1,652 sqft
    2024-02-01 0 days 1,759 sqft
    2024-03-01 0 days 1,828 sqft
    2024-04-01 0 days 1,799 sqft
    2024-05-01 0 days 1,808 sqft
    2024-06-01 0 days 1,698 sqft
    2024-07-01 0 days 1,625 sqft
    2024-08-01 0 days 1,631 sqft
    2024-09-01 0 days 1,650 sqft
    2024-10-01 0 days 1,657 sqft
    2024-11-01 0 days 1,680 sqft
    2024-12-01 0 days 1,684 sqft
    2025-01-01 0 days 1,685 sqft
    Talladega's median listing age (time on market) for 2025-01-01 was 0 days.

    Talladega's median square footage for active listings during the 2025-01-01 period was 1,685 sqft. One year prior, the average listing was 1,652 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).