Warner Robins FHA Loan Rates, Closing Costs & Stats

WARNER ROBINS, GA

  • JUMP TO:
  • Trends
  • Rates vs Fees
  • Top Lenders
  • Markets
  • Loan Limits
  • Market Conditions & Pricing
  • Time on Market/Property Size

    • 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 6.08% for the week of 2024-12-13, compared to the national average (all FHA variants) of 6.277% for the same period.

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

    The average rate for the prior week (2024-12-06) was 6.05% and one month ago for the week of 2024-11-08, the average rate was 6.21%.

    The average rate one year ago was 6.62%.

    For refis of the same type during the week of 2024-12-13, the average rate was 6.11%.

    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

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Warner Robins (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 $206,547 (28.1%) $209,250 (13.4%) 0.77 753
    2018-02-01 $212,500 (28.9%) $214,155 (15.2%) 0.77 779
    2018-03-01 $214,350 (26.5%) $215,839 (13.4%) 0.75 780
    2018-04-01 $218,894 (22.9%) $218,506 (11.0%) 0.74 766
    2018-05-01 $219,500 (18.7%) $220,858 (8.1%) 0.73 771
    2018-06-01 $216,888 (14.5%) $218,416 (5.4%) 0.72 816
    2018-07-01 $216,644 (11.2%) $218,970 (4.5%) 0.72 863
    2018-08-01 $211,563 (11.0%) $216,572 (3.7%) 0.71 890
    2018-09-01 $210,250 (7.5%) $211,864 (1.9%) 0.71 858
    2018-10-01 $214,163 (8.2%) $213,473 (3.5%) 0.73 852
    2018-11-01 $218,638 (12.0%) $218,846 (7.1%) 0.74 874
    2018-12-01 $218,772 (10.0%) $217,429 (5.7%) 0.75 818
    2019-01-01 $218,763 (5.9%) $213,332 (2.0%) 0.76 773
    2019-02-01 $217,963 (2.6%) $212,970 (-0.6%) 0.74 759
    2019-03-01 $212,064 (-1.1%) $214,072 (-0.8%) 0.69 768
    2019-04-01 $208,150 (-4.9%) $217,076 (-0.7%) 0.66 808
    2019-05-01 $199,950 (-8.9%) $215,426 (-2.5%) 0.62 813
    2019-06-01 $215,000 (-0.9%) $221,906 (1.6%) 0.67 748
    2019-07-01 $212,200 (-2.1%) $221,137 (1.0%) 0.66 750
    2019-08-01 $215,264 (1.8%) $224,195 (3.5%) 0.68 760
    2019-09-01 $219,559 (4.4%) $226,565 (6.9%) 0.70 767
    2019-10-01 $218,473 (2.0%) $227,233 (6.5%) 0.70 744
    2019-11-01 $213,000 (-2.6%) $223,218 (2.0%) 0.70 694
    2019-12-01 $218,837 (0.0%) $230,499 (6.0%) 0.73 649
    2020-01-01 $218,060 (-0.3%) $226,775 (6.3%) 0.73 636
    2020-02-01 $217,450 (-0.2%) $225,746 (6.0%) 0.71 618
    2020-03-01 $214,925 (1.4%) $228,632 (6.8%) 0.67 586
    2020-04-01 $215,000 (3.3%) $229,869 (5.9%) 0.67 539
    2020-05-01 $226,450 (13.3%) $233,992 (8.6%) 0.69 510
    2020-06-01 $235,395 (9.5%) $238,352 (7.4%) 0.69 427
    2020-07-01 $238,400 (12.4%) $242,885 (9.8%) 0.69 384
    2020-08-01 $231,955 (7.8%) $240,039 (7.1%) 0.66 383
    2020-09-01 $241,866 (10.2%) $248,675 (9.8%) 0.69 346
    2020-10-01 $239,000 (9.4%) $254,792 (12.1%) 0.68 314
    2020-11-01 $233,446 (9.6%) $249,920 (12.0%) 0.68 302
    2020-12-01 $236,641 (8.1%) $252,897 (9.7%) 0.70 295
    2021-01-01 $243,840 (11.8%) $265,517 (17.1%) 0.73 249
    2021-02-01 $252,710 (16.2%) $273,611 (21.2%) 0.74 218
    2021-03-01 $267,500 (24.5%) $282,985 (23.8%) 0.76 197
    2021-04-01 $277,425 (29.0%) $299,073 (30.1%) 0.75 197
    2021-05-01 $282,450 (24.7%) $294,037 (25.7%) 0.75 212
    2021-06-01 $294,950 (25.3%) $305,666 (28.2%) 0.78 249
    2021-07-01 $274,450 (15.1%) $296,435 (22.1%) 0.72 307
    2021-08-01 $256,680 (10.7%) $281,196 (17.2%) 0.68 319
    2021-09-01 $274,950 (13.7%) $288,225 (15.9%) 0.73 332
    2021-10-01 $255,486 (6.9%) $280,443 (10.1%) 0.68 380
    2021-11-01 $263,129 (12.7%) $290,150 (16.1%) 0.70 365
    2021-12-01 $267,652 (13.1%) $286,151 (13.2%) 0.73 320
    2022-01-01 $278,080 (14.0%) $289,639 (9.1%) 0.75 305
    2022-02-01 $288,765 (14.3%) $305,484 (11.7%) 0.75 288
    2022-03-01 $299,167 (11.8%) $312,473 (10.4%) 0.75 289
    2022-04-01 $287,995 (3.8%) $308,240 (3.1%) 0.69 289
    2022-05-01 $295,250 (4.5%) $313,389 (6.6%) 0.67 349
    2022-06-01 $305,653 (3.6%) $316,683 (3.6%) 0.68 407
    2022-07-01 $323,036 (17.7%) $337,969 (14.0%) 0.73 426
    2022-08-01 $324,484 (26.4%) $333,742 (18.7%) 0.75 428
    2022-09-01 $321,255 (16.8%) $326,607 (13.3%) 0.75 434
    2022-10-01 $321,915 (26.0%) $328,522 (17.1%) 0.76 470
    2022-11-01 $319,900 (21.6%) $319,328 (10.1%) 0.77 520
    2022-12-01 $315,000 (17.7%) $318,784 (11.4%) 0.78 533
    2023-01-01 $310,293 (11.6%) $328,148 (13.3%) 0.77 506
    2023-02-01 $307,500 (6.5%) $328,117 (7.4%) 0.74 499
    2023-03-01 $302,828 (1.2%) $325,765 (4.3%) 0.71 495
    2023-04-01 $298,961 (3.8%) $322,568 (4.7%) 0.70 529
    2023-05-01 $301,300 (2.1%) $332,156 (6.0%) 0.68 533
    2023-06-01 $312,175 (2.1%) $327,983 (3.6%) 0.70 519
    2023-07-01 $310,000 (-4.0%) $326,097 (-3.5%) 0.70 492
    2023-08-01 $306,225 (-5.6%) $324,628 (-2.7%) 0.70 488
    2023-09-01 $307,900 (-4.2%) $324,672 (-0.6%) 0.72 511
    2023-10-01 $299,048 (-7.1%) $317,782 (-3.3%) 0.70 583
    2023-11-01 $299,023 (-6.5%) $320,007 (0.2%) 0.71 635
    2023-12-01 $296,690 (-5.8%) $315,189 (-1.1%) 0.72 650
    2024-01-01 $295,970 (-4.6%) $313,577 (-4.4%) 0.72 603
    2024-02-01 $294,270 (-4.3%) $311,311 (-5.1%) 0.71 593
    2024-03-01 $294,453 (-2.8%) $313,737 (-3.7%) 0.69 588
    2024-04-01 $299,575 (0.2%) $324,886 (0.7%) 0.70 533
    2024-05-01 $310,425 (3.0%) $331,748 (-0.1%) 0.70 525
    2024-06-01 $314,900 (0.9%) $344,068 (4.9%) 0.71 524
    2024-07-01 $315,623 (1.8%) $341,967 (4.9%) 0.72 529
    2024-08-01 $309,490 (1.1%) $332,918 (2.6%) 0.72 549
    2024-09-01 $299,950 (-2.6%) $330,727 (1.9%) 0.71 572
    2024-10-01 $296,918 (-0.7%) $326,410 (2.7%) 0.70 547
    2024-11-01 $295,000 (-1.4%) $321,536 (0.5%) 0.71 559
    Warner Robins's median listing price for 2024-11-01 was $295,000, a difference of $-4,023 (-1.4%) versus the prior year and $-1,918 versus the prior month.

    Warner Robins's median listing price comes in at 71% of the national average.

    Warner Robins's average listing price for 2024-11-01 was $321,536, a difference of $1,529 (0.5%) versus the prior year and $-4,874 versus the prior month.

    For the 2024-11-01 period, Warner Robins had 559 MLS listings, a difference of 12 listings (2%) versus the prior month and -76 listings (-12%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Warner Robins (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 80 days 2,268 sqft
    2018-02-01 66 days 2,298 sqft
    2018-03-01 54 days 2,316 sqft
    2018-04-01 60 days 2,343 sqft
    2018-05-01 66 days 2,364 sqft
    2018-06-01 68 days 2,352 sqft
    2018-07-01 63 days 2,327 sqft
    2018-08-01 60 days 2,318 sqft
    2018-09-01 72 days 2,321 sqft
    2018-10-01 82 days 2,322 sqft
    2018-11-01 83 days 2,346 sqft
    2018-12-01 92 days 2,331 sqft
    2019-01-01 97 days 2,307 sqft
    2019-02-01 83 days 2,295 sqft
    2019-03-01 71 days 2,305 sqft
    2019-04-01 58 days 2,327 sqft
    2019-05-01 60 days 2,307 sqft
    2019-06-01 58 days 2,326 sqft
    2019-07-01 59 days 2,294 sqft
    2019-08-01 60 days 2,311 sqft
    2019-09-01 62 days 2,317 sqft
    2019-10-01 65 days 2,299 sqft
    2019-11-01 69 days 2,246 sqft
    2019-12-01 74 days 2,277 sqft
    2020-01-01 75 days 2,262 sqft
    2020-02-01 68 days 2,278 sqft
    2020-03-01 60 days 2,221 sqft
    2020-04-01 62 days 2,192 sqft
    2020-05-01 66 days 2,270 sqft
    2020-06-01 58 days 2,348 sqft
    2020-07-01 49 days 2,372 sqft
    2020-08-01 39 days 2,305 sqft
    2020-09-01 51 days 2,339 sqft
    2020-10-01 50 days 2,283 sqft
    2020-11-01 42 days 2,263 sqft
    2020-12-01 46 days 2,246 sqft
    2021-01-01 54 days 2,330 sqft
    2021-02-01 46 days 2,360 sqft
    2021-03-01 28 days 2,415 sqft
    2021-04-01 31 days 2,477 sqft
    2021-05-01 29 days 2,486 sqft
    2021-06-01 26 days 2,515 sqft
    2021-07-01 30 days 2,471 sqft
    2021-08-01 49 days 2,358 sqft
    2021-09-01 41 days 2,306 sqft
    2021-10-01 34 days 2,142 sqft
    2021-11-01 47 days 2,234 sqft
    2021-12-01 60 days 2,246 sqft
    2022-01-01 55 days 2,178 sqft
    2022-02-01 43 days 2,143 sqft
    2022-03-01 46 days 2,202 sqft
    2022-04-01 36 days 2,161 sqft
    2022-05-01 23 days 1,985 sqft
    2022-06-01 32 days 2,087 sqft
    2022-07-01 43 days 2,250 sqft
    2022-08-01 48 days 2,267 sqft
    2022-09-01 53 days 2,184 sqft
    2022-10-01 54 days 2,246 sqft
    2022-11-01 54 days 2,193 sqft
    2022-12-01 59 days 2,199 sqft
    2023-01-01 64 days 2,183 sqft
    2023-02-01 51 days 2,177 sqft
    2023-03-01 47 days 2,119 sqft
    2023-04-01 44 days 1,980 sqft
    2023-05-01 51 days 2,205 sqft
    2023-06-01 49 days 2,301 sqft
    2023-07-01 56 days 2,186 sqft
    2023-08-01 45 days 2,153 sqft
    2023-09-01 46 days 2,159 sqft
    2023-10-01 42 days 2,043 sqft
    2023-11-01 47 days 2,021 sqft
    2023-12-01 57 days 2,009 sqft
    2024-01-01 62 days 1,972 sqft
    2024-02-01 47 days 1,951 sqft
    2024-03-01 45 days 1,947 sqft
    2024-04-01 47 days 1,969 sqft
    2024-05-01 44 days 2,056 sqft
    2024-06-01 46 days 2,107 sqft
    2024-07-01 47 days 2,138 sqft
    2024-08-01 51 days 2,062 sqft
    2024-09-01 48 days 2,047 sqft
    2024-10-01 53 days 2,006 sqft
    2024-11-01 50 days 2,000 sqft
    Warner Robins's median listing age (time on market) for 2024-11-01 was 50 days. This is 8% longer than the same period one year ago.

    Warner Robins's median square footage for active listings during the 2024-11-01 period was 2,000 sqft. One year prior, the average listing was 2,021 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).