Valdosta FHA Loan Rates, Closing Costs & Stats

VALDOSTA, 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.

Valdosta's 69 lenders originated 457 FHA loans during 2024. The total origination value was $96,685,000, with an average FHA loan value of $211,565.

Valdosta FHA Loans, 30 Year Fixed Rates

30 Year FHA mortgages in Valdosta averaged 6.36% for the week of 2025-05-09, compared to the national average (all FHA variants) of 6.477% for the same period.

Valdosta's average FHA mortgage closing costs are $7,664.

The average rate for the prior week (2025-05-02) was 6.41% and one month ago for the week of 2025-04-04, the average rate was 6.34%.

The average rate one year ago was 6.66%.

For refis of the same type during the week of 2025-05-09, the average rate was 6.08%.

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

Valdosta 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 Valdosta level.

Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
Ameris Bank 52 6.30% $9,859
QUICKEN LOANS, LLC 38 6.32% $9,895
BANKSOUTH MORTGAGE COMPANY, LLC 35 6.29% $11,533
DHI MORTGAGE COMPANY, LTD. 32 5.07% $7,316
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 31 6.72% $10,392
UNITED WHOLESALE MORTGAGE, LLC 26 6.08% $11,011
FREEDOM MORTGAGE CORPORATION 14 6.23% $11,823
Flagstar Bank, FSB 11 6.34% $9,790
Colony Bank 11 6.61% $8,698
STOCKTON MORTGAGE CORPORATION 11 6.48% $5,761
BROKER SOLUTIONS, INC. 9 7.00% $9,722
Synovus Bank 7 6.07% $9,380
CROSSCOUNTRY MORTGAGE, LLC 7 6.71% $12,499
PENNYMAC LOAN SERVICES, LLC 6 6.08% $9,463
LOANDEPOT.COM, LLC 5 6.30% $9,514
Equity Prime Mortgage LLC 5 6.90% $8,405
Renasant Bank 5 5.73% $9,805
CARDINAL FINANCIAL 5 6.40% $10,237
AMERICAN FINANCING CORPORATION 4 6.38% $9,733
GUILD MORTGAGE COMPANY 4 6.94% $11,305
Mortgage Research Center, LLC 4 6.69% $6,275
Mr. Cooper ( Nationstar Mortgage ) 4 6.25% $9,076
ENDEAVOR CAPITAL, LLC. 3 6.38% $9,336
ACOPIA, LLC 3 6.67% $11,976
CANOPY MORTGAGE, LLC 3 6.16% $11,697
LOANPAL, LLC 3 5.96% $11,537
LAKEVIEW LOAN SERVICING, LLC 3 6.66% $9,002
VANDERBILT MORTGAGE AND FINANCE, INC. 2 6.00% $11,449
EMM LOANS LLC 2 6.31% $11,628
JPMorgan Chase Bank 2 6.88% $4,906
SOUTHPOINT FINANCIAL SERVICES, INC. 2 6.50% $10,341
RELIANCE FIRST CAPITAL, LLC 2 6.75% $14,488
AMERICAN PACIFIC MORTGAGE CORPORATION 2 7.19% $7,248
HOMESIDE FINANCIAL, LLC 2 6.63% $12,483
Prosperity Home Mortgage, LLC 2 6.13% $8,272
FIRST COMMUNITY MORTGAGE, INC. 2 7.62% $7,689
AMERICAN FINANCIAL NETWORK, INC. 2 6.44% $5,516
NEWREZ LLC 2 6.50% $5,334
MUTUAL OF OMAHA MORTGAGE, INC. 2 6.50% $14,980
VILLAGE CAPITAL MORTGAGE 1 6.75% $2,268
Alcova Mortgage LLC 1 5.75% $7,546
AmeriHome Mortgage Company, LLC 1 6.99% $6,596
AMERISAVE MORTGAGE CORPORATION 1 6.50% $14,053
Bank of America 1 6.50% $8,074
Bank of England 1 6.25% $10,932
CALCON MUTUAL MORTGAGE LLC 1 7.63% $11,422
CHURCHILL MORTGAGE CORPORATION 1 7.00% $7,992
CMG MORTGAGE, INC. 1 7.63% $10,847
DAS Acquisition Company, LLC 1 6.00% $6,843
Encompass Lending Group, LP 1 7.38% $12,981
EVERETT FINANCIAL, INC. 1 7.00% $13,165
First Federal Bank 1 6.00% $6,980
GMFS LLC 1 5.63% $4,882
Ixonia Bank 1 6.63% $10,150
LIBERTY HOME MORTGAGE CORPORATION 1 7.13% $11,775
MILEND, INC. 1 6.38% $16,918
MORTGAGE INVESTORS GROUP, INC. 1 7.63% $10,361
NATIONS DIRECT MORTGAGE, LLC 1 6.75% $5,530
Nations Lending Corporation 1 7.25% $3,875
NATIONS RELIABLE LENDING, LLC 1 6.87% $6,507
OCMBC, INC. 1 6.75% $8,935
OPEN MORTGAGE, LLC 1 6.88% $12,839
PLAZA HOME MORTGAGE, INC. 1 7.63% $7,288
PREMIA MORTGAGE, LLC 1 6.18% $8,103
Regions Bank 1 5.75% $10,007
SOUTHWEST STAGE FUNDING, LLC 1 6.88% $7,893
SUN WEST MORTGAGE COMPANY, INC. 1 6.13% $7,956
Truist 1 6.40% $10,894
VERITAS FUNDING, LLC 1 6.63% $14,638

The top Valdosta FHA lender as defined by loan originations is Ameris Bank, with 52 FHA loans originated. Their average total fees are $9,859, which is $35 lower than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee Valdosta FHA lenders (with over 10 loans originated) are STOCKTON MORTGAGE CORPORATION ($5,761), DHI MORTGAGE COMPANY, LTD. ($7,316), Colony Bank ($8,698), Flagstar Bank, FSB ($9,790) and Ameris Bank ($9,859).

The lowest rate Valdosta FHA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (5.07%), UNITED WHOLESALE MORTGAGE, LLC (6.08%), FREEDOM MORTGAGE CORPORATION (6.23%), BANKSOUTH MORTGAGE COMPANY, LLC (6.29%) and Ameris Bank (6.30%).

Valdosta FHA Loan Limits

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

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).