Toccoa FHA Loan Rates, Closing Costs & Stats

Toccoa, 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.

Toccoa's 48 lenders originated 140 FHA loans during 2024. The total origination value was $30,490,000, with an average FHA loan value of $217,786.

Toccoa FHA Loans, 30 Year Fixed Rates

30 Year FHA mortgages in Toccoa averaged 6.44% for the week of 2025-04-04, compared to the national average (all FHA variants) of 6.259% for the same period.

Toccoa's average FHA mortgage closing costs are $7,394.

The average rate for the prior week (2025-03-28) was 6.43% and one month ago for the week of 2025-02-28, the average rate was 6.62%.

The average rate one year ago was 6.94%.

For refis of the same type during the week of 2025-04-04, the average rate was 6.26%.

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

Toccoa 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 Toccoa level.

Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
PREMIER MORTGAGE RESOURCES, L.L.C. 17 6.37% $12,137
QUICKEN LOANS, LLC 9 6.26% $11,492
AMERICAN PACIFIC MORTGAGE CORPORATION 9 6.63% $10,707
UNITED WHOLESALE MORTGAGE, LLC 8 6.22% $10,545
BROKER SOLUTIONS, INC. 6 6.75% $11,681
HOMEOWNERS FINANCIAL GROUP USA, LLC 5 6.00% $14,408
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 5 6.85% $9,531
ZILLOW HOME LOANS, LLC 3 7.04% $9,046
CROSSCOUNTRY MORTGAGE, LLC 3 6.88% $8,961
STOCKTON MORTGAGE CORPORATION 3 6.50% $12,263
INSPIRE HOME LOANS INC. 3 5.50% $8,345
United Community Bank 3 6.50% $8,556
EVERETT FINANCIAL, INC. 3 7.63% $10,903
SENTE MORTGAGE, INC. 2 5.88% $12,478
LOANDEPOT.COM, LLC 2 5.87% $9,491
FBC MORTGAGE, LLC 2 4.49% $8,133
T2 FINANCIAL LLC 2 6.69% $11,956
Magnolia Bank 2 6.25% $8,843
Ameris Bank 2 7.13% $10,332
Paramount Residential Mortgage Group, Inc. 2 6.63% $9,087
GENEVA FINANCIAL, LLC 2 6.56% $8,807
First Option Mortgage, LLC 2 7.19% $8,777
UNION HOME MORTGAGE CORP. 2 6.88% $14,082
TJC Mortgage, Inc. 1 6.25% $6,812
Willamette Valley Bank 1 6.63% $13,506
Mr. Cooper ( Nationstar Mortgage ) 1 6.75% $8,717
AMERICAN FINANCING CORPORATION 1 5.50% $11,582
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 6.63% $11,122
AMERISAVE MORTGAGE CORPORATION 1 5.75% $13,155
BANKSOUTH MORTGAGE COMPANY, LLC 1 6.25% $13,367
CARDINAL FINANCIAL 1 6.75% $10,639
CITY FIRST MORTGAGE SERVICES, L.L.C. 1 7.75% $9,829
Colony Bank 1 6.63% $11,993
Cornerstone First Mortgage, Inc 1 6.50% $11,491
FIRST COMMUNITY MORTGAGE, INC. 1 7.63% $11,715
First Heritage Mortgage, LLC 1 6.25% $8,035
Flagstar Bank, FSB 1 6.92% $7,879
GUARANTEED RATE, INC. 1 6.25% $11,583
JMAC LENDING, INC. 1 7.13% $8,505
MEMBER FIRST MORTGAGE, LLC 1 5.63% $11,671
MORTGAGE INVESTORS GROUP, INC. 1 6.63% $7,038
MOVEMENT MORTGAGE, LLC 1 7.13% $12,787
Alcova Mortgage LLC 1 6.50% $2,643
NATIONS DIRECT MORTGAGE, LLC 1 6.63% $19,834
PENNYMAC LOAN SERVICES, LLC 1 5.25% $4,620
Prosperity Home Mortgage, LLC 1 6.00% $9,366
Regions Bank 1 5.75% $6,960
SUMMIT FUNDING, INC. 1 6.00% $11,024

The top Toccoa FHA lender as defined by loan originations is PREMIER MORTGAGE RESOURCES, L.L.C., with 17 FHA loans originated. Their average total fees are $12,137, which is $645 higher than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee Toccoa FHA lenders (with over 10 loans originated) are PREMIER MORTGAGE RESOURCES, L.L.C. ($12,137), .

The lowest rate Toccoa FHA lenders (with over 10 loans originated) are PREMIER MORTGAGE RESOURCES, L.L.C. (6.37%), .

Toccoa FHA Loan Limits

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

Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Toccoa (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 $216,000 (0.7%) $291,172 (6.4%) 0.00 124
2018-02-01 $216,000 (-1.9%) $287,059 (4.1%) 0.00 130
2018-03-01 $229,450 (1.8%) $289,124 (3.0%) 0.00 142
2018-04-01 $243,475 (8.2%) $298,603 (6.9%) 0.00 144
2018-05-01 $235,375 (3.7%) $297,791 (8.7%) 0.00 153
2018-06-01 $229,000 (-3.8%) $292,674 (4.4%) 0.00 158
2018-07-01 $250,000 (0.0%) $304,483 (2.9%) 0.00 149
2018-08-01 $250,000 (0.1%) $302,984 (1.4%) 0.00 136
2018-09-01 $235,000 (-6.0%) $292,799 (-4.0%) 0.00 135
2018-10-01 $225,000 (-0.4%) $282,041 (-6.4%) 0.00 146
2018-11-01 $220,000 (-10.6%) $303,628 (-0.5%) 0.00 143
2018-12-01 $239,000 (1.1%) $315,162 (3.3%) 0.00 129
2019-01-01 $244,950 (13.4%) $321,139 (10.3%) 0.00 123
2019-02-01 $224,000 (3.7%) $312,671 (8.9%) 0.00 115
2019-03-01 $200,143 (-12.8%) $284,988 (-1.4%) 0.00 118
2019-04-01 $191,818 (-21.2%) $267,286 (-10.5%) 0.00 123
2019-05-01 $214,175 (-9.0%) $278,289 (-6.6%) 0.00 111
2019-06-01 $199,900 (-12.7%) $270,920 (-7.4%) 0.00 115
2019-07-01 $205,825 (-17.7%) $270,769 (-11.1%) 0.00 123
2019-08-01 $179,655 (-28.1%) $264,438 (-12.7%) 0.00 121
2019-09-01 $186,711 (-20.6%) $267,007 (-8.8%) 0.00 122
2019-10-01 $215,350 (-4.3%) $275,868 (-2.2%) 0.00 116
2019-11-01 $250,000 (13.6%) $299,474 (-1.4%) 0.00 101
2019-12-01 $252,200 (5.5%) $302,360 (-4.1%) 0.00 89
2020-01-01 $252,450 (3.1%) $301,616 (-6.1%) 0.00 82
2020-02-01 $254,900 (13.8%) $297,139 (-5.0%) 0.00 78
2020-03-01 $247,000 (23.4%) $282,910 (-0.7%) 0.00 78
2020-04-01 $244,700 (27.6%) $281,015 (5.1%) 0.00 85
2020-05-01 $247,000 (15.3%) $292,465 (5.1%) 0.00 76
2020-06-01 $270,750 (35.4%) $314,663 (16.2%) 0.00 66
2020-07-01 $249,250 (21.1%) $307,401 (13.5%) 0.00 54
2020-08-01 $257,400 (43.3%) $308,117 (16.5%) 0.00 52
2020-09-01 $281,150 (50.6%) $320,551 (20.1%) 0.00 55
2020-10-01 $279,900 (30.0%) $321,748 (16.6%) 0.00 53
2020-11-01 $277,975 (11.2%) $313,730 (4.8%) 0.00 51
2020-12-01 $207,450 (-17.7%) $272,516 (-9.9%) 0.00 46
2021-01-01 $279,450 (10.7%) $304,661 (1.0%) 0.00 57
2021-02-01 $264,900 (3.9%) $334,119 (12.5%) 0.00 65
2021-03-01 $324,450 (31.4%) $386,218 (36.5%) 0.00 57
2021-04-01 $324,450 (32.6%) $393,109 (39.9%) 0.00 52
2021-05-01 $329,450 (33.4%) $401,060 (37.1%) 0.00 52
2021-06-01 $329,900 (21.9%) $383,757 (22.0%) 0.00 55
2021-07-01 $349,900 (40.4%) $431,142 (40.3%) 0.00 54
2021-08-01 $324,450 (26.1%) $364,725 (18.4%) 0.00 52
2021-09-01 $314,250 (11.8%) $339,940 (6.1%) 0.00 67
2021-10-01 $299,950 (7.2%) $330,551 (2.7%) 0.00 59
2021-11-01 $275,600 (-0.9%) $297,738 (-5.1%) 0.00 59
2021-12-01 $281,200 (35.6%) $307,148 (12.7%) 0.00 55
2022-01-01 $294,900 (5.5%) $318,000 (4.4%) 0.00 41
2022-02-01 $286,725 (8.2%) $300,579 (-10.0%) 0.00 40
2022-03-01 $289,950 (-10.6%) $321,792 (-16.7%) 0.00 43
2022-04-01 $307,500 (-5.2%) $326,739 (-16.9%) 0.00 38
2022-05-01 $278,475 (-15.5%) $339,034 (-15.5%) 0.00 54
2022-06-01 $277,000 (-16.0%) $334,770 (-12.8%) 0.00 49
2022-07-01 $268,900 (-23.2%) $311,806 (-27.7%) 0.00 65
2022-08-01 $281,200 (-13.3%) $310,385 (-14.9%) 0.00 85
2022-09-01 $284,900 (-9.3%) $317,232 (-6.7%) 0.00 78
2022-10-01 $269,750 (-10.1%) $310,999 (-5.9%) 0.00 79
2022-11-01 $282,400 (2.5%) $322,629 (8.4%) 0.00 75
2022-12-01 $309,900 (10.2%) $355,663 (15.8%) 0.00 64
2023-01-01 $328,650 (11.4%) $360,189 (13.3%) 0.00 59
2023-02-01 $334,950 (16.8%) $393,526 (30.9%) 0.00 55
2023-03-01 $331,250 (14.2%) $390,733 (21.4%) 0.00 61
2023-04-01 $330,000 (7.3%) $410,528 (25.6%) 0.00 66
2023-05-01 $336,175 (20.7%) $383,016 (13.0%) 0.00 74
2023-06-01 $338,675 (22.3%) $414,098 (23.7%) 0.00 67
2023-07-01 $339,900 (26.4%) $428,148 (37.3%) 0.00 76
2023-08-01 $327,475 (16.5%) $406,085 (30.8%) 0.00 82
2023-09-01 $309,950 (8.8%) $395,367 (24.6%) 0.00 72
2023-10-01 $327,500 (21.4%) $414,313 (33.2%) 0.00 75
2023-11-01 $289,900 (2.7%) $389,749 (20.8%) 0.00 85
2023-12-01 $286,000 (-7.7%) $376,426 (5.8%) 0.00 79
2024-01-01 $299,950 (-8.7%) $387,196 (7.5%) 0.00 78
2024-02-01 $305,950 (-8.7%) $432,782 (10.0%) 0.00 76
2024-03-01 $297,400 (-10.2%) $437,121 (11.9%) 0.00 78
2024-04-01 $299,225 (-9.3%) $415,515 (1.2%) 0.00 73
2024-05-01 $332,000 (-1.2%) $460,466 (20.2%) 0.00 75
2024-06-01 $319,500 (-5.7%) $443,948 (7.2%) 0.00 85
2024-07-01 $308,675 (-9.2%) $421,645 (-1.5%) 0.00 103
2024-08-01 $294,900 (-10.0%) $416,769 (2.6%) 0.00 108
2024-09-01 $277,450 (-10.5%) $419,353 (6.1%) 0.00 116
2024-10-01 $284,950 (-13.0%) $439,332 (6.0%) 0.00 121
2024-11-01 $277,450 (-4.3%) $420,513 (7.9%) 0.00 124
2024-12-01 $296,175 (3.6%) $418,752 (11.2%) 0.00 129
2025-01-01 $299,675 (-0.1%) $430,371 (11.2%) 0.00 111
2025-02-01 $293,150 (-4.2%) $420,557 (-2.8%) 0.00 115
2025-03-01 $309,900 (4.2%) $425,404 (-2.7%) 0.00 118
Toccoa's median listing price for 2025-03-01 was $309,900, a difference of $12,500 (4.2%) versus the prior year and $16,750 versus the prior month.

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

Toccoa's average listing price for 2025-03-01 was $425,404, a difference of $-11,717 (-2.7%) versus the prior year and $4,847 versus the prior month.

For the 2025-03-01 period, Toccoa had 118 MLS listings, a difference of 3 listings (3%) versus the prior month and 40 listings (51%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Toccoa (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,937 sqft
2018-02-01 0 days 1,985 sqft
2018-03-01 0 days 2,132 sqft
2018-04-01 0 days 2,096 sqft
2018-05-01 0 days 2,085 sqft
2018-06-01 0 days 2,028 sqft
2018-07-01 0 days 2,168 sqft
2018-08-01 0 days 2,134 sqft
2018-09-01 0 days 2,044 sqft
2018-10-01 0 days 1,926 sqft
2018-11-01 0 days 1,967 sqft
2018-12-01 0 days 2,039 sqft
2019-01-01 0 days 2,054 sqft
2019-02-01 0 days 1,884 sqft
2019-03-01 0 days 1,815 sqft
2019-04-01 0 days 1,792 sqft
2019-05-01 0 days 1,777 sqft
2019-06-01 0 days 1,733 sqft
2019-07-01 0 days 1,756 sqft
2019-08-01 0 days 1,756 sqft
2019-09-01 0 days 1,770 sqft
2019-10-01 0 days 1,806 sqft
2019-11-01 0 days 2,030 sqft
2019-12-01 0 days 2,122 sqft
2020-01-01 0 days 2,161 sqft
2020-02-01 0 days 2,180 sqft
2020-03-01 0 days 1,978 sqft
2020-04-01 0 days 2,041 sqft
2020-05-01 0 days 2,011 sqft
2020-06-01 0 days 2,223 sqft
2020-07-01 0 days 1,925 sqft
2020-08-01 0 days 1,720 sqft
2020-09-01 0 days 1,720 sqft
2020-10-01 0 days 1,693 sqft
2020-11-01 0 days 1,741 sqft
2020-12-01 0 days 1,632 sqft
2021-01-01 0 days 1,625 sqft
2021-02-01 0 days 1,545 sqft
2021-03-01 0 days 1,693 sqft
2021-04-01 0 days 1,517 sqft
2021-05-01 0 days 1,648 sqft
2021-06-01 0 days 1,734 sqft
2021-07-01 0 days 1,852 sqft
2021-08-01 0 days 1,960 sqft
2021-09-01 0 days 1,788 sqft
2021-10-01 0 days 1,840 sqft
2021-11-01 0 days 1,638 sqft
2021-12-01 0 days 1,694 sqft
2022-01-01 0 days 1,668 sqft
2022-02-01 0 days 1,663 sqft
2022-03-01 0 days 1,710 sqft
2022-04-01 0 days 1,642 sqft
2022-05-01 0 days 1,760 sqft
2022-06-01 0 days 1,751 sqft
2022-07-01 0 days 1,672 sqft
2022-08-01 0 days 1,611 sqft
2022-09-01 0 days 1,683 sqft
2022-10-01 0 days 1,607 sqft
2022-11-01 0 days 1,634 sqft
2022-12-01 0 days 1,745 sqft
2023-01-01 0 days 1,793 sqft
2023-02-01 0 days 1,792 sqft
2023-03-01 0 days 1,762 sqft
2023-04-01 0 days 1,784 sqft
2023-05-01 0 days 1,800 sqft
2023-06-01 0 days 1,900 sqft
2023-07-01 0 days 1,875 sqft
2023-08-01 0 days 1,780 sqft
2023-09-01 0 days 1,848 sqft
2023-10-01 0 days 1,770 sqft
2023-11-01 0 days 1,657 sqft
2023-12-01 0 days 1,576 sqft
2024-01-01 0 days 1,658 sqft
2024-02-01 0 days 1,650 sqft
2024-03-01 0 days 1,646 sqft
2024-04-01 0 days 1,597 sqft
2024-05-01 0 days 1,742 sqft
2024-06-01 0 days 1,734 sqft
2024-07-01 0 days 1,754 sqft
2024-08-01 0 days 1,729 sqft
2024-09-01 0 days 1,553 sqft
2024-10-01 0 days 1,600 sqft
2024-11-01 0 days 1,600 sqft
2024-12-01 0 days 1,702 sqft
2025-01-01 0 days 1,665 sqft
2025-02-01 0 days 1,707 sqft
2025-03-01 0 days 1,613 sqft
Toccoa's median listing age (time on market) for 2025-03-01 was 0 days.

Toccoa's median square footage for active listings during the 2025-03-01 period was 1,613 sqft. One year prior, the average listing was 1,646 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).