Thomasville FHA Loan Rates, Closing Costs & Stats

Thomasville, GA

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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.

    Thomasville's 33 lenders originated 114 FHA loans during 2023. The total origination value was $24,530,000, with an average FHA loan value of $215,175.

    Thomasville FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Thomasville averaged 6.33% for the week of 2025-02-14, compared to the national average (all FHA variants) of 6.515% for the same period.

    Thomasville's average FHA mortgage closing costs are $7,605.

    The average rate for the prior week (2025-02-07) was 6.54% and one month ago for the week of 2025-01-10, the average rate was 6.7%.

    The average rate one year ago was 6.63%.

    For refis of the same type during the week of 2025-02-14, the average rate was 6.62%.

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

    Thomasville 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 Thomasville level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Flagstar Bank, FSB 34 6.78% $11,271
    QUICKEN LOANS, LLC 15 6.18% $11,384
    Renasant Bank 8 6.08% $8,713
    MORTGAGE INVESTORS GROUP, INC. 4 6.53% $7,985
    FREEDOM MORTGAGE CORPORATION 3 7.25% $10,197
    AMERISAVE MORTGAGE CORPORATION 3 6.29% $16,153
    UNITED WHOLESALE MORTGAGE, LLC 3 6.08% $12,606
    Carrington Mortgage Services, LLC 3 6.58% $11,939
    Ameris Bank 2 6.44% $10,885
    Capital City Home Loans, LLC 2 6.31% $11,533
    PENNYMAC LOAN SERVICES, LLC 2 5.69% $11,295
    LOANDEPOT.COM, LLC 2 7.44% $7,873
    MOVEMENT MORTGAGE, LLC 2 7.19% $8,947
    TOP FLITE FINANCIAL, INC. 2 7.00% $10,895
    Truist 2 6.00% $5,962
    VILLAGE CAPITAL MORTGAGE 2 5.75% $8,818
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 7.13% $14,184
    ZILLOW HOME LOANS, LLC 1 6.63% $10,518
    EVERETT FINANCIAL, INC. 1 6.88% $12,618
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 7.25% $10,966
    GMFS LLC 1 6.25% $6,270
    HOMESTAR FINANCIAL CORPORATION 1 7.13% $6,879
    MICHIGAN MUTUAL, INC. 1 7.50% $9,574
    MID AMERICA MORTGAGE, INC. 1 7.88% $0
    MLD MORTGAGE INC. 1 5.63% $10,130
    Mortgage Research Center, LLC 1 7.50% $6,204
    Nations Lending Corporation 1 6.75% $7,178
    Paramount Residential Mortgage Group, Inc. 1 6.25% $12,052
    PREMIA MORTGAGE, LLC 1 6.75% $15,470
    RELIANCE FIRST CAPITAL, LLC 1 7.00% $13,146
    ServisFirst Bank 1 6.50% $8,614
    Synovus Bank 1 6.63% $8,187
    TOWNE MORTGAGE COMPANY 1 7.13% $16,631

    The top Thomasville FHA lender as defined by loan originations is Flagstar Bank, FSB, with 34 FHA loans originated. Their average total fees are $11,271, which is $113 lower than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Thomasville FHA lenders (with over 10 loans originated) are Flagstar Bank, FSB ($11,271), QUICKEN LOANS, LLC ($11,384), .

    The lowest rate Thomasville FHA lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (6.18%), Flagstar Bank, FSB (6.78%), .

    Thomasville FHA Loan Limits

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

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Thomasville (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 $199,675 (17.5%) $257,755 (7.7%) 0.00 325
    2018-02-01 $199,900 (18.3%) $263,080 (12.2%) 0.00 327
    2018-03-01 $199,000 (17.1%) $258,095 (7.9%) 0.00 333
    2018-04-01 $193,650 (8.5%) $256,473 (1.1%) 0.00 331
    2018-05-01 $199,900 (6.6%) $259,570 (-1.1%) 0.00 350
    2018-06-01 $199,000 (0.1%) $259,608 (-2.6%) 0.00 356
    2018-07-01 $199,225 (0.1%) $261,426 (-4.6%) 0.00 359
    2018-08-01 $189,450 (-9.8%) $254,469 (-9.3%) 0.00 361
    2018-09-01 $192,400 (-12.1%) $265,908 (-3.6%) 0.00 347
    2018-10-01 $189,900 (-14.5%) $263,014 (-5.5%) 0.00 346
    2018-11-01 $186,500 (-14.5%) $254,511 (-6.0%) 0.00 349
    2018-12-01 $189,900 (-9.5%) $259,930 (2.0%) 0.00 344
    2019-01-01 $195,200 (-2.2%) $263,481 (2.2%) 0.00 327
    2019-02-01 $209,450 (4.8%) $274,032 (4.2%) 0.00 322
    2019-03-01 $212,043 (6.6%) $281,513 (9.1%) 0.00 307
    2019-04-01 $219,843 (13.5%) $297,429 (16.0%) 0.00 287
    2019-05-01 $218,475 (9.3%) $291,743 (12.4%) 0.00 280
    2019-06-01 $219,000 (10.1%) $291,769 (12.4%) 0.00 275
    2019-07-01 $224,950 (12.9%) $299,196 (14.5%) 0.00 278
    2019-08-01 $226,336 (19.5%) $307,523 (20.9%) 0.00 271
    2019-09-01 $228,341 (18.7%) $319,879 (20.3%) 0.00 266
    2019-10-01 $229,227 (20.7%) $327,437 (24.5%) 0.00 263
    2019-11-01 $220,000 (18.0%) $322,604 (26.8%) 0.00 267
    2019-12-01 $238,475 (25.6%) $319,061 (22.8%) 0.00 253
    2020-01-01 $239,700 (22.8%) $315,513 (19.8%) 0.00 244
    2020-02-01 $241,900 (15.5%) $325,687 (18.9%) 0.00 242
    2020-03-01 $239,900 (13.1%) $328,493 (16.7%) 0.00 239
    2020-04-01 $229,500 (4.4%) $312,580 (5.1%) 0.00 239
    2020-05-01 $224,900 (2.9%) $323,603 (10.9%) 0.00 222
    2020-06-01 $239,900 (9.5%) $330,494 (13.3%) 0.00 208
    2020-07-01 $239,675 (6.6%) $317,397 (6.1%) 0.00 202
    2020-08-01 $257,450 (13.8%) $338,267 (10.0%) 0.00 191
    2020-09-01 $269,450 (18.0%) $354,127 (10.7%) 0.00 180
    2020-10-01 $259,900 (13.4%) $329,608 (0.7%) 0.00 194
    2020-11-01 $256,950 (16.8%) $334,363 (3.7%) 0.00 198
    2020-12-01 $261,150 (9.5%) $350,729 (9.9%) 0.00 172
    2021-01-01 $279,000 (16.4%) $360,928 (14.4%) 0.00 162
    2021-02-01 $319,450 (32.1%) $370,894 (13.9%) 0.00 136
    2021-03-01 $324,175 (35.1%) $371,390 (13.1%) 0.00 123
    2021-04-01 $313,200 (36.5%) $373,621 (19.5%) 0.00 124
    2021-05-01 $299,900 (33.4%) $375,759 (16.1%) 0.00 107
    2021-06-01 $299,000 (24.6%) $380,756 (15.2%) 0.00 99
    2021-07-01 $259,900 (8.4%) $380,311 (19.8%) 0.00 99
    2021-08-01 $259,950 (1.0%) $367,399 (8.6%) 0.00 108
    2021-09-01 $271,450 (0.7%) $388,810 (9.8%) 0.00 113
    2021-10-01 $259,900 (0.0%) $388,203 (17.8%) 0.00 122
    2021-11-01 $261,200 (1.7%) $397,598 (18.9%) 0.00 128
    2021-12-01 $270,625 (3.6%) $402,251 (14.7%) 0.00 129
    2022-01-01 $265,000 (-5.0%) $394,722 (9.4%) 0.00 117
    2022-02-01 $255,325 (-20.1%) $406,243 (9.5%) 0.00 96
    2022-03-01 $268,675 (-17.1%) $425,911 (14.7%) 0.00 97
    2022-04-01 $259,250 (-17.2%) $409,762 (9.7%) 0.00 96
    2022-05-01 $269,900 (-10.0%) $408,383 (8.7%) 0.00 105
    2022-06-01 $263,675 (-11.8%) $376,475 (-1.1%) 0.00 123
    2022-07-01 $268,000 (3.1%) $360,387 (-5.2%) 0.00 144
    2022-08-01 $269,975 (3.9%) $360,854 (-1.8%) 0.00 156
    2022-09-01 $277,000 (2.0%) $371,061 (-4.6%) 0.00 159
    2022-10-01 $279,900 (7.7%) $365,207 (-5.9%) 0.00 169
    2022-11-01 $277,450 (6.2%) $355,947 (-10.5%) 0.00 172
    2022-12-01 $279,900 (3.4%) $349,190 (-13.2%) 0.00 153
    2023-01-01 $303,450 (14.5%) $362,879 (-8.1%) 0.00 141
    2023-02-01 $316,498 (24.0%) $355,855 (-12.4%) 0.00 143
    2023-03-01 $299,000 (11.3%) $344,636 (-19.1%) 0.00 131
    2023-04-01 $299,000 (15.3%) $365,080 (-10.9%) 0.00 137
    2023-05-01 $302,400 (12.0%) $361,275 (-11.5%) 0.00 139
    2023-06-01 $322,500 (22.3%) $373,715 (-0.7%) 0.00 141
    2023-07-01 $344,900 (28.7%) $428,411 (18.9%) 0.00 134
    2023-08-01 $349,900 (29.6%) $432,879 (20.0%) 0.00 145
    2023-09-01 $349,900 (26.3%) $437,230 (17.8%) 0.00 137
    2023-10-01 $339,900 (21.4%) $419,916 (15.0%) 0.00 151
    2023-11-01 $327,000 (17.9%) $395,844 (11.2%) 0.00 175
    2023-12-01 $329,700 (17.8%) $401,844 (15.1%) 0.00 164
    2024-01-01 $329,375 (8.5%) $393,715 (8.5%) 0.00 166
    2024-02-01 $313,250 (-1.0%) $377,719 (6.1%) 0.00 175
    2024-03-01 $307,200 (2.7%) $376,625 (9.3%) 0.00 177
    2024-04-01 $309,950 (3.7%) $386,092 (5.8%) 0.00 170
    2024-05-01 $324,950 (7.5%) $405,997 (12.4%) 0.00 176
    2024-06-01 $315,000 (-2.3%) $400,821 (7.3%) 0.00 181
    2024-07-01 $345,950 (0.3%) $420,108 (-1.9%) 0.00 161
    2024-08-01 $349,900 (0.0%) $415,486 (-4.0%) 0.00 174
    2024-09-01 $335,000 (-4.3%) $410,287 (-6.2%) 0.00 191
    2024-10-01 $329,225 (-3.1%) $408,788 (-2.7%) 0.00 198
    2024-11-01 $319,900 (-2.2%) $390,846 (-1.3%) 0.00 217
    2024-12-01 $305,000 (-7.5%) $399,700 (-0.5%) 0.00 215
    2025-01-01 $312,500 (-5.1%) $392,673 (-0.3%) 0.00 204
    Thomasville's median listing price for 2025-01-01 was $312,500, a difference of $-16,875 (-5.1%) versus the prior year and $7,500 versus the prior month.

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

    Thomasville's average listing price for 2025-01-01 was $392,673, a difference of $-1,042 (-0.3%) versus the prior year and $-7,027 versus the prior month.

    For the 2025-01-01 period, Thomasville had 204 MLS listings, a difference of -11 listings (-5%) versus the prior month and 38 listings (23%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Thomasville (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 2,003 sqft
    2018-02-01 0 days 1,996 sqft
    2018-03-01 0 days 1,964 sqft
    2018-04-01 0 days 1,923 sqft
    2018-05-01 0 days 1,920 sqft
    2018-06-01 0 days 1,925 sqft
    2018-07-01 0 days 1,902 sqft
    2018-08-01 0 days 1,845 sqft
    2018-09-01 0 days 1,848 sqft
    2018-10-01 0 days 1,851 sqft
    2018-11-01 0 days 1,851 sqft
    2018-12-01 0 days 1,853 sqft
    2019-01-01 0 days 1,888 sqft
    2019-02-01 0 days 1,901 sqft
    2019-03-01 0 days 1,945 sqft
    2019-04-01 0 days 2,005 sqft
    2019-05-01 0 days 1,923 sqft
    2019-06-01 0 days 1,962 sqft
    2019-07-01 0 days 2,032 sqft
    2019-08-01 0 days 2,053 sqft
    2019-09-01 0 days 2,062 sqft
    2019-10-01 0 days 2,067 sqft
    2019-11-01 0 days 2,041 sqft
    2019-12-01 0 days 2,064 sqft
    2020-01-01 0 days 2,051 sqft
    2020-02-01 0 days 2,064 sqft
    2020-03-01 0 days 1,999 sqft
    2020-04-01 0 days 1,964 sqft
    2020-05-01 0 days 2,035 sqft
    2020-06-01 0 days 2,019 sqft
    2020-07-01 0 days 1,982 sqft
    2020-08-01 0 days 2,145 sqft
    2020-09-01 0 days 2,216 sqft
    2020-10-01 0 days 2,057 sqft
    2020-11-01 0 days 2,073 sqft
    2020-12-01 0 days 2,101 sqft
    2021-01-01 0 days 2,221 sqft
    2021-02-01 0 days 2,271 sqft
    2021-03-01 0 days 2,225 sqft
    2021-04-01 0 days 2,205 sqft
    2021-05-01 0 days 2,273 sqft
    2021-06-01 0 days 2,237 sqft
    2021-07-01 0 days 2,150 sqft
    2021-08-01 0 days 2,182 sqft
    2021-09-01 0 days 2,231 sqft
    2021-10-01 0 days 2,165 sqft
    2021-11-01 0 days 2,066 sqft
    2021-12-01 0 days 2,123 sqft
    2022-01-01 0 days 2,117 sqft
    2022-02-01 0 days 2,126 sqft
    2022-03-01 0 days 2,109 sqft
    2022-04-01 0 days 1,904 sqft
    2022-05-01 0 days 1,952 sqft
    2022-06-01 0 days 1,919 sqft
    2022-07-01 0 days 1,848 sqft
    2022-08-01 0 days 1,825 sqft
    2022-09-01 0 days 1,874 sqft
    2022-10-01 0 days 1,885 sqft
    2022-11-01 0 days 1,830 sqft
    2022-12-01 0 days 1,788 sqft
    2023-01-01 0 days 1,811 sqft
    2023-02-01 0 days 1,790 sqft
    2023-03-01 0 days 1,749 sqft
    2023-04-01 0 days 1,765 sqft
    2023-05-01 0 days 1,727 sqft
    2023-06-01 0 days 1,751 sqft
    2023-07-01 0 days 1,885 sqft
    2023-08-01 0 days 1,928 sqft
    2023-09-01 0 days 1,980 sqft
    2023-10-01 0 days 1,923 sqft
    2023-11-01 0 days 1,894 sqft
    2023-12-01 0 days 1,914 sqft
    2024-01-01 0 days 1,930 sqft
    2024-02-01 0 days 1,909 sqft
    2024-03-01 0 days 1,845 sqft
    2024-04-01 0 days 1,848 sqft
    2024-05-01 0 days 1,894 sqft
    2024-06-01 0 days 1,894 sqft
    2024-07-01 0 days 1,997 sqft
    2024-08-01 0 days 1,921 sqft
    2024-09-01 0 days 1,884 sqft
    2024-10-01 0 days 1,868 sqft
    2024-11-01 0 days 1,827 sqft
    2024-12-01 0 days 1,815 sqft
    2025-01-01 0 days 1,816 sqft
    Thomasville's median listing age (time on market) for 2025-01-01 was 0 days.

    Thomasville's median square footage for active listings during the 2025-01-01 period was 1,816 sqft. One year prior, the average listing was 1,930 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).