Warner Robins FHA Loans
WARNER ROBINS, 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.
Warner Robins's 128 lenders originated 1,257 FHA loans during 2021. The total origination value was $223,085,000, with an average FHA loan value of $177,474.
Warner Robins FHA Loans, 30 Year Fixed Rates
30 Year FHA mortgages in Warner Robins
averaged
5.48%
for the week of 2022-05-20, compared to the national average (all FHA variants) of
5.352% for the same period.
The average rate for the prior week (2022-05-13) was
5.29% and
one month ago for the week of 2022-04-15, the
average rate was 4.98%.
The average rate one year ago was 3.05%.
For refis of the same type during the week of 2022-05-20, the average rate
was 4.89%.
Warner Robins FHA Loan Lenders by Rates & Fees
The below table looks at the average fees and rates for FHA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Warner Robins level.
The top Warner Robins FHA lender as defined by loan originations is QUICKEN LOANS, LLC, with
180 FHA loans originated. Their average total fees are
$5,538, which is $2,802
lower than the next largest lender,
GUILD MORTGAGE COMPANY.
The lowest fee Warner Robins FHA lenders (with over 10 loans originated) are
VILLAGE CAPITAL & INVESTMENT LLC ($1,757), Mr. Cooper ( Nationstar Mortgage ) ($2,900), PENNYMAC LOAN SERVICES, LLC ($3,848), NEWREZ LLC ($4,148) and FREEDOM MORTGAGE CORPORATION ($4,300).
The lowest rate Warner Robins FHA lenders (with over 10 loans originated) are
Ameris Bank (2.61%), CRESCENT MORTGAGE COMPANY (2.71%), Colony Bank (2.75%), QUICKEN LOANS, LLC (2.78%) and GUARANTY HOME MORTGAGE CORPORATION (2.78%).
Warner Robins FHA Loan Limits
Metro | County | Year | Single Family Limit | 2 Family Limit | 3 Family Limit | 4 Family Limit |
---|---|---|---|---|---|---|
WARNER ROBINS, GA | HOUSTON | 2022 | $420,680 | $538,650 | $651,050 | $809,150 |
WARNER ROBINS, GA | PEACH | 2022 | $420,680 | $538,650 | $651,050 | $809,150 |
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Warner Robins (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 | $198,900 (26.3%) | $209,943 (16.3%) | 0.73 | 1,080 |
2018-02-01 | $204,400 (26.4%) | $213,275 (17.4%) | 0.74 | 1,135 |
2018-03-01 | $208,900 (26.6%) | $214,715 (15.4%) | 0.72 | 1,138 |
2018-04-01 | $212,994 (26.0%) | $216,782 (12.9%) | 0.71 | 1,150 |
2018-05-01 | $216,644 (19.9%) | $219,808 (10.3%) | 0.72 | 1,174 |
2018-06-01 | $214,900 (16.2%) | $219,191 (8.6%) | 0.72 | 1,216 |
2018-07-01 | $215,900 (16.7%) | $219,801 (7.8%) | 0.72 | 1,303 |
2018-08-01 | $210,500 (11.7%) | $219,037 (6.0%) | 0.70 | 1,313 |
2018-09-01 | $209,900 (10.5%) | $214,284 (3.9%) | 0.70 | 1,273 |
2018-10-01 | $210,000 (8.1%) | $214,426 (3.2%) | 0.70 | 1,266 |
2018-11-01 | $215,894 (12.0%) | $217,989 (6.1%) | 0.72 | 1,299 |
2018-12-01 | $214,900 (10.5%) | $213,940 (3.7%) | 0.74 | 1,253 |
2019-01-01 | $214,745 (8.0%) | $213,201 (1.6%) | 0.74 | 1,168 |
2019-02-01 | $214,195 (4.8%) | $212,521 (-0.4%) | 0.72 | 1,142 |
2019-03-01 | $205,671 (-1.6%) | $212,304 (-1.1%) | 0.67 | 1,126 |
2019-04-01 | $200,000 (-6.1%) | $213,489 (-1.5%) | 0.63 | 1,167 |
2019-05-01 | $199,950 (-7.7%) | $213,959 (-2.7%) | 0.62 | 1,174 |
2019-06-01 | $214,500 (-0.2%) | $221,563 (1.1%) | 0.66 | 1,089 |
2019-07-01 | $207,700 (-3.8%) | $220,184 (0.2%) | 0.65 | 1,094 |
2019-08-01 | $212,043 (0.7%) | $223,833 (2.2%) | 0.67 | 1,076 |
2019-09-01 | $214,950 (2.4%) | $227,658 (6.2%) | 0.68 | 1,054 |
2019-10-01 | $214,950 (2.4%) | $226,263 (5.5%) | 0.69 | 1,133 |
2019-11-01 | $215,000 (-0.4%) | $226,912 (4.1%) | 0.69 | 1,102 |
2019-12-01 | $221,187 (2.9%) | $230,418 (7.7%) | 0.74 | 1,076 |
2020-01-01 | $221,473 (3.1%) | $228,433 (7.1%) | 0.74 | 1,064 |
2020-02-01 | $222,045 (3.7%) | $227,825 (7.2%) | 0.72 | 1,025 |
2020-03-01 | $214,950 (4.5%) | $229,205 (8.0%) | 0.67 | 949 |
2020-04-01 | $210,000 (5.0%) | $230,610 (8.0%) | 0.65 | 887 |
2020-05-01 | $223,900 (12.0%) | $233,468 (9.1%) | 0.68 | 815 |
2020-06-01 | $233,900 (9.0%) | $239,694 (8.2%) | 0.68 | 678 |
2020-07-01 | $239,900 (15.5%) | $244,040 (10.8%) | 0.69 | 599 |
2020-08-01 | $235,000 (10.8%) | $239,879 (7.2%) | 0.67 | 613 |
2020-09-01 | $239,950 (11.6%) | $245,032 (7.6%) | 0.69 | 559 |
2020-10-01 | $242,900 (13.0%) | $249,982 (10.5%) | 0.69 | 499 |
2020-11-01 | $237,063 (10.3%) | $249,518 (10.0%) | 0.68 | 505 |
2020-12-01 | $234,240 (5.9%) | $244,679 (6.2%) | 0.69 | 486 |
2021-01-01 | $241,038 (8.8%) | $256,250 (12.2%) | 0.71 | 405 |
2021-02-01 | $241,250 (8.7%) | $259,433 (13.9%) | 0.69 | 368 |
2021-03-01 | $257,400 (19.8%) | $270,377 (18.0%) | 0.72 | 329 |
2021-04-01 | $269,950 (28.6%) | $289,954 (25.7%) | 0.73 | 318 |
2021-05-01 | $282,900 (26.4%) | $293,914 (25.9%) | 0.74 | 333 |
2021-06-01 | $284,900 (21.8%) | $300,927 (25.6%) | 0.74 | 410 |
2021-07-01 | $269,750 (12.4%) | $291,810 (19.6%) | 0.70 | 475 |
2021-08-01 | $246,379 (4.8%) | $273,290 (13.9%) | 0.65 | 504 |
2021-09-01 | $256,750 (7.0%) | $282,047 (15.1%) | 0.68 | 529 |
2021-10-01 | $246,796 (1.6%) | $273,015 (9.2%) | 0.65 | 613 |
2021-11-01 | $259,759 (9.6%) | $280,132 (12.3%) | 0.68 | 575 |
2021-12-01 | $254,900 (8.8%) | $277,775 (13.5%) | 0.68 | 509 |
2022-01-01 | $265,000 (9.9%) | $284,653 (11.1%) | 0.71 | 471 |
2022-02-01 | $271,500 (12.5%) | $300,321 (15.8%) | 0.69 | 451 |
2022-03-01 | $274,500 (6.6%) | $300,692 (11.2%) | 0.68 | 462 |
2022-04-01 | $272,000 (0.8%) | $298,585 (3.0%) | 0.64 | 468 |
Warner Robins's median listing price comes in at 64% of the national average.
Warner Robins's average listing price for 2022-04-01 was $298,585, a difference of $8,631 (3.0%) versus the prior year and $-2,107 versus the prior month.
For the 2022-04-01 period, Warner Robins had 468 MLS listings, a difference of 6 listings (1%) versus the prior month and 150 listings (47%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Warner Robins (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 87 days | 2,283 sqft |
2018-02-01 | 71 days | 2,307 sqft |
2018-03-01 | 58 days | 2,310 sqft |
2018-04-01 | 64 days | 2,340 sqft |
2018-05-01 | 67 days | 2,393 sqft |
2018-06-01 | 72 days | 2,379 sqft |
2018-07-01 | 66 days | 2,330 sqft |
2018-08-01 | 64 days | 2,334 sqft |
2018-09-01 | 72 days | 2,332 sqft |
2018-10-01 | 83 days | 2,332 sqft |
2018-11-01 | 88 days | 2,339 sqft |
2018-12-01 | 93 days | 2,326 sqft |
2019-01-01 | 97 days | 2,312 sqft |
2019-02-01 | 92 days | 2,310 sqft |
2019-03-01 | 66 days | 2,316 sqft |
2019-04-01 | 64 days | 2,325 sqft |
2019-05-01 | 58 days | 2,306 sqft |
2019-06-01 | 59 days | 2,310 sqft |
2019-07-01 | 59 days | 2,294 sqft |
2019-08-01 | 59 days | 2,305 sqft |
2019-09-01 | 56 days | 2,306 sqft |
2019-10-01 | 61 days | 2,293 sqft |
2019-11-01 | 63 days | 2,280 sqft |
2019-12-01 | 68 days | 2,296 sqft |
2020-01-01 | 76 days | 2,329 sqft |
2020-02-01 | 67 days | 2,347 sqft |
2020-03-01 | 59 days | 2,286 sqft |
2020-04-01 | 62 days | 2,210 sqft |
2020-05-01 | 66 days | 2,280 sqft |
2020-06-01 | 58 days | 2,395 sqft |
2020-07-01 | 49 days | 2,405 sqft |
2020-08-01 | 42 days | 2,316 sqft |
2020-09-01 | 52 days | 2,395 sqft |
2020-10-01 | 50 days | 2,392 sqft |
2020-11-01 | 39 days | 2,372 sqft |
2020-12-01 | 45 days | 2,277 sqft |
2021-01-01 | 54 days | 2,376 sqft |
2021-02-01 | 48 days | 2,334 sqft |
2021-03-01 | 34 days | 2,413 sqft |
2021-04-01 | 36 days | 2,500 sqft |
2021-05-01 | 36 days | 2,456 sqft |
2021-06-01 | 34 days | 2,504 sqft |
2021-07-01 | 31 days | 2,487 sqft |
2021-08-01 | 49 days | 2,208 sqft |
2021-09-01 | 42 days | 2,253 sqft |
2021-10-01 | 36 days | 2,012 sqft |
2021-11-01 | 46 days | 2,117 sqft |
2021-12-01 | 56 days | 2,112 sqft |
2022-01-01 | 61 days | 2,150 sqft |
2022-02-01 | 45 days | 2,000 sqft |
2022-03-01 | 44 days | 2,135 sqft |
2022-04-01 | 39 days | 2,076 sqft |
Warner Robins's median square footage for active listings during the 2022-04-01 period was 2,076 sqft. One year prior, the average listing was 2,500 sqft.