Warner Robins FHA Loan Rates, Closing Costs & Stats

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 121 lenders originated 852 FHA loans during 2023. The total origination value was $190,950,000, with an average FHA loan value of $224,120.

Warner Robins FHA Loans, 30 Year Fixed Rates

30 Year FHA mortgages in Warner Robins averaged 0% for the week of 2024-06-21, compared to the national average (all FHA variants) of 0% for the same period.

Warner Robins's average FHA mortgage closing costs are $7,287.

The average rate for the prior week (2024-06-14) was 6.4% and one month ago for the week of 2024-05-17, the average rate was 6.54%.

The average rate one year ago was 6.43%.

For refis of the same type during the week of 2024-06-21, the average rate was -0.47%.

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

Warner Robins 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 Warner Robins level.

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
QUICKEN LOANS, LLC 96 6.27% $9,025
GUILD MORTGAGE COMPANY 63 6.64% $10,623
ATLANTIC BAY MORTGAGE GROUP, L.L.C. 61 6.54% $9,526
UNITED WHOLESALE MORTGAGE, LLC 46 6.22% $12,066
BROKER SOLUTIONS, INC. 44 6.48% $11,201
ACADEMY MORTGAGE CORPORATION 38 7.00% $10,239
Colony Bank 33 6.58% $9,563
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 26 6.68% $9,874
HOMESTAR FINANCIAL CORPORATION 21 6.51% $8,739
GUARANTEED RATE, INC. 20 6.71% $10,458
Mr. Cooper ( Nationstar Mortgage ) 18 6.08% $12,372
INSPIRE HOME LOANS INC. 17 5.90% $8,190
DHI MORTGAGE COMPANY, LTD. 17 5.44% $7,474
CROSSCOUNTRY MORTGAGE, LLC 15 6.92% $11,371
LOANDEPOT.COM, LLC 12 6.43% $9,524
CANOPY MORTGAGE, LLC 11 6.45% $16,485
FBC MORTGAGE, LLC 10 5.59% $8,671
CRESCENT MORTGAGE COMPANY 10 6.09% $8,324
AMERISAVE MORTGAGE CORPORATION 9 5.82% $12,162
FREEDOM MORTGAGE CORPORATION 9 6.36% $12,011
EVERETT FINANCIAL, INC. 9 7.33% $12,418
Ameris Bank 7 6.34% $9,641
MOVEMENT MORTGAGE, LLC 7 6.55% $12,079
TOWNE MORTGAGE COMPANY 7 6.52% $10,184
PRIMELENDING, A PLAINSCAPITAL COMPANY 6 6.71% $10,066
MILEND, INC. 6 6.10% $14,924
BancorpSouth 6 6.79% $6,581
NEWREZ LLC 6 6.33% $10,743
CARDINAL FINANCIAL 6 7.02% $11,285
Carrington Mortgage Services, LLC 6 6.33% $9,901
PENNYMAC LOAN SERVICES, LLC 6 5.94% $10,996
Flagstar Bank, FSB 5 6.83% $8,526
STOCKTON MORTGAGE CORPORATION 5 6.95% $11,995
PLAZA HOME MORTGAGE, INC. 4 6.84% $13,985
ACOPIA, LLC 4 6.94% $11,923
AMERICAN FINANCIAL NETWORK, INC. 4 7.38% $9,811
Keystone Funding, Inc. 4 6.03% $13,076
LAKEVIEW LOAN SERVICING, LLC 4 6.26% $10,538
Paramount Residential Mortgage Group, Inc. 4 6.72% $14,436
PLANET HOME LENDING, LLC 4 7.09% $12,526
Renasant Bank 4 6.59% $7,272
VAN DYK MORTGAGE CORPORATION 4 6.81% $9,001
ZILLOW HOME LOANS, LLC 4 6.63% $10,100
JPMorgan Chase Bank 3 6.13% $7,958
Synovus Bank 3 6.04% $10,193
Equity Prime Mortgage LLC 3 6.67% $12,123
VANDERBILT MORTGAGE AND FINANCE, INC. 3 6.83% $8,373
MUTUAL OF OMAHA MORTGAGE, INC. 3 6.38% $15,182
Mortgage Research Center, LLC 3 7.38% $6,921
ServisFirst Bank 3 6.87% $7,111
BANKSOUTH MORTGAGE COMPANY, LLC 3 6.29% $7,258
First Federal Bank 3 6.33% $10,637
Lakeview Community Capital, LLC 2 6.94% $11,240
Alcova Mortgage LLC 2 6.00% $5,562
GUARANTY HOME MORTGAGE CORPORATION 2 6.81% $7,358
CMG MORTGAGE, INC. 2 6.81% $10,341
First Option Mortgage, LLC 2 5.44% $10,510
DIAMOND RESIDENTIAL MORTGAGE CORPORATION 2 6.63% $13,574
Franklin Loan Corporation 2 5.44% $13,756
Loan Simple, Inc. 2 6.44% $14,421
FIRST COMMUNITY MORTGAGE, INC. 2 7.19% $9,730
MID AMERICA MORTGAGE, INC. 2 7.69% $5,821
VILLAGE CAPITAL MORTGAGE 2 6.19% $11,825
SECURITYNATIONAL MORTGAGE COMPANY 2 6.63% $8,083
ALAMEDA MORTGAGE CORPORATION 2 7.50% $12,041
MORTGAGE INVESTORS GROUP, INC. 2 6.44% $9,643
OCMBC, INC. 2 7.25% $11,408
SUMMIT FUNDING, INC. 2 7.13% $17,897
AMERICAN PACIFIC MORTGAGE CORPORATION 2 7.19% $13,572
NexBank 1 6.13% $13,077
NFM, INC. 1 6.75% $7,065
Northpointe Bank 1 6.63% $8,409
Wells Fargo Bank 1 6.00% $12,000
Platinum Home Mortgage Corporation 1 6.75% $15,129
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 6.75% $12,315
PRIMARY RESIDENTIAL MORTGAGE, INC. 1 6.75% $7,623
AMERICAN NATIONWIDE MORTGAGE COMPANY, INC. 1 6.75% $10,828
Prosperity Home Mortgage, LLC 1 7.12% $4,746
American Mortgage Bank, LLC 1 6.25% $13,266
RAPID MORTGAGE COMPANY 1 5.75% $19,489
RELIANCE FIRST CAPITAL, LLC 1 7.25% $5,235
Shamrock Home Loans, Inc. 1 7.63% $17,210
SHELTER HOME MORTGAGE, LLC 1 5.75% $10,672
SOUTHEAST MORTGAGE OF GEORGIA, INC. 1 7.25% $7,933
SOUTHPOINT FINANCIAL SERVICES, INC. 1 7.13% $9,041
AMERICAN FINANCIAL RESOURCES, INC. 1 7.00% $6,293
The Central Trust Bank 1 6.75% $10,086
The Federal Savings Bank 1 7.13% $11,902
THE MORTGAGE FIRM, INC. 1 6.63% $16,017
THRIVE MORTGAGE, LLC 1 7.13% $12,719
UNION HOME MORTGAGE CORP. 1 7.00% $11,317
ENVOY MORTGAGE, LTD 1 6.75% $10,057
EMM LOANS LLC 1 6.63% $10,310
FAIR WAY LENDING LLC 1 7.25% $4,987
FIRST COLONY MORTGAGE CORPORATION 1 7.25% $9,296
TOP FLITE FINANCIAL, INC. 1 6.75% $9,413
First Heritage Mortgage, LLC 1 7.75% $9,086
DAS Acquisition Company, LLC 1 7.25% $12,676
Goldwater Bank, N.A. 1 7.00% $11,989
CityWorth Mortgage LLC 1 6.25% $18,100
CITY FIRST MORTGAGE SERVICES, L.L.C. 1 7.00% $9,776
HOMEBRIDGE FINANCIAL SERVICES, INC. 1 7.00% $13,129
HOMESIDE FINANCIAL, LLC 1 5.50% $13,181
CHURCHILL MORTGAGE CORPORATION 1 7.13% $10,067
Century Mortgage Company DBA Century Lending Company 1 5.75% $16,579
INTERCAP LENDING INC. 1 7.75% $7,767
ISERVE RESIDENTIAL LENDING, LLC 1 7.13% $12,711
University Bank 1 6.25% $5,362
Capital City Home Loans, LLC 1 6.50% $10,417
LOANLEADERS OF AMERICA, INC. 1 5.63% $12,314
LOANPAL, LLC 1 7.13% $1,925
Barrington Bank & Trust Company, N.A. 1 6.75% $5,641
Mortgage Assurance Inc. 1 5.75% $11,213
MORTGAGE SOLUTIONS OF COLORADO, LLC 1 8.25% $9,806
Bank of England 1 7.25% $9,403
M&T Bank 1 6.75% $7,205
MYCUMORTGAGE, LLC 1 7.13% $7,887
Nations Lending Corporation 1 7.75% $7,650
NATIONWIDE MORTGAGE BANKERS, INC. 1 6.63% $11,737
NBKC BANK 1 6.13% $11,422
ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 6.63% $8,289

The top Warner Robins FHA lender as defined by loan originations is QUICKEN LOANS, LLC, with 96 FHA loans originated. Their average total fees are $9,025, which is $1,598 lower than the next largest lender, GUILD MORTGAGE COMPANY.

The lowest fee Warner Robins FHA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. ($7,474), INSPIRE HOME LOANS INC. ($8,190), CRESCENT MORTGAGE COMPANY ($8,324), FBC MORTGAGE, LLC ($8,671) and HOMESTAR FINANCIAL CORPORATION ($8,739).

The lowest rate Warner Robins FHA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (5.44%), FBC MORTGAGE, LLC (5.59%), INSPIRE HOME LOANS INC. (5.90%), Mr. Cooper ( Nationstar Mortgage ) (6.08%) and CRESCENT MORTGAGE COMPANY (6.09%).

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
WARNER ROBINS, GA HOUSTON 2023 $472,030 $604,400 $730,525 $907,900
WARNER ROBINS, GA PEACH 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).