Warner Robins FHA Loan Rates, Closing Costs & Stats

WARNER ROBINS, GA

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    • 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 6.12% for the week of 2024-11-08, compared to the national average (all FHA variants) of 6.425% for the same period.

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

    The average rate for the prior week (2024-11-01) was 6.4% and one month ago for the week of 2024-10-04, the average rate was 5.62%.

    The average rate one year ago was 7.06%.

    For refis of the same type during the week of 2024-11-08, the average rate was 6.26%.

    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).