Anniston FHA Loan Rates, Closing Costs & Stats

ANNISTON-OXFORD, AL

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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.

    Anniston's 75 lenders originated 474 FHA loans during 2024. The total origination value was $84,700,000, with an average FHA loan value of $178,692.

    Anniston FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Anniston averaged 6.42% for the week of 2025-07-18, compared to the national average (all FHA variants) of 6.527% for the same period.

    Anniston's average FHA mortgage closing costs are $6,432.

    The average rate for the prior week (2025-07-11) was 6.82% and one month ago for the week of 2025-06-13, the average rate was 6.77%.

    The average rate one year ago was 6.63%.

    For refis of the same type during the week of 2025-07-18, the average rate was 6.26%.

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

    Anniston 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 Anniston level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Ameris Bank 42 6.18% $9,599
    QUICKEN LOANS, LLC 40 6.46% $8,803
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 39 6.60% $6,794
    SouthPoint Bank 31 5.70% $6,102
    UNITED WHOLESALE MORTGAGE, LLC 20 5.85% $11,777
    ACOPIA, LLC 19 6.47% $9,354
    SUCCESS MORTGAGE PARTNERS, INC. 19 6.43% $8,414
    VANDERBILT MORTGAGE AND FINANCE, INC. 17 6.60% $7,705
    TOWNE MORTGAGE COMPANY 17 6.53% $8,396
    SOUTHWEST FUNDING, LP 13 6.61% $7,897
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 12 6.69% $8,739
    FREEDOM MORTGAGE CORPORATION 11 6.32% $9,594
    GUILD MORTGAGE COMPANY 11 6.27% $7,698
    First Federal Bank, A FSB 10 5.94% $8,469
    HUNT MORTGAGE CORPORATION 6 6.40% $7,314
    Renasant Bank 6 6.58% $6,588
    FIRST COMMUNITY MORTGAGE, INC. 6 7.21% $9,768
    PENNYMAC LOAN SERVICES, LLC 6 6.12% $13,880
    Regions Bank 5 5.93% $6,150
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 5 6.87% $7,637
    STOCKTON MORTGAGE CORPORATION 5 6.40% $7,733
    BROKER SOLUTIONS, INC. 5 6.75% $7,884
    CROSSCOUNTRY MORTGAGE, LLC 4 6.98% $8,016
    Equity Prime Mortgage LLC 4 6.91% $13,503
    SOUTHPOINT FINANCIAL SERVICES, INC. 4 6.31% $5,247
    Mr. Cooper ( Nationstar Mortgage ) 4 6.44% $15,378
    LOANDEPOT.COM, LLC 4 6.34% $8,550
    CANOPY MORTGAGE, LLC 4 6.69% $8,845
    Hamilton Mortgage Corporation 3 6.13% $9,878
    MOVEMENT MORTGAGE, LLC 3 6.71% $6,224
    LAKEVIEW LOAN SERVICING, LLC 3 6.54% $8,396
    Magnolia Bank 3 6.58% $5,356
    Paramount Residential Mortgage Group, Inc. 2 6.00% $6,939
    AmeriHome Mortgage Company, LLC 2 6.63% $5,797
    Carrington Mortgage Services, LLC 2 6.94% $11,579
    Consumer First Mortgage, Inc. 2 6.37% $7,796
    EVERETT FINANCIAL, INC. 2 7.38% $6,664
    GUARANTEED RATE, INC. 2 6.23% $9,082
    LEADERONE FINANCIAL CORPORATION 2 6.50% $7,143
    MORTGAGE INVESTORS GROUP, INC. 2 6.38% $8,503
    Mortgage Research Center, LLC 2 7.00% $7,949
    NEWREZ LLC 2 6.25% $6,212
    PLANET HOME LENDING, LLC 2 6.44% $7,304
    PREMIER MORTGAGE RESOURCES, L.L.C. 2 5.81% $7,688
    RELIANCE FIRST CAPITAL, LLC 2 6.19% $5,219
    Synovus Bank 2 6.31% $6,742
    Truist 2 6.00% $6,167
    HOMEOWNERS FINANCIAL GROUP USA, LLC 1 7.13% $14,598
    Plains Commerce Bank 1 6.88% $4,917
    AMERISAVE MORTGAGE CORPORATION 1 6.25% $13,058
    PREMIER LENDING, INC. 1 7.63% $10,635
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 7.13% $5,254
    FirstBank 1 6.38% $7,293
    EMM LOANS LLC 1 5.99% $11,996
    VILLAGE CAPITAL MORTGAGE 1 6.00% $5,797
    Cornerstone First Mortgage, Inc 1 6.75% $6,078
    CARDINAL FINANCIAL 1 5.75% $7,267
    BAYSHORE MORTGAGE FUNDING, LLC 1 7.13% $10,204
    South State Bank 1 6.63% $4,959
    Barrington Bank & Trust Company, N.A. 1 6.75% $13,493
    Bank of England 1 5.50% $9,831
    AVADIAN 1 5.25% $12,429
    Wells Fargo Bank 1 5.63% $8,661
    The Loan Store, Inc. 1 6.25% $3,942
    THE MORTGAGE FIRM, INC. 1 6.50% $9,182
    Assurance Financial Group, L.L.C. 1 5.50% $9,409
    ZILLOW HOME LOANS, LLC 1 7.63% $4,372
    Tyndall Federal Credit Union 1 6.13% $7,594
    UNION HOME MORTGAGE CORP. 1 6.63% $11,694
    MLB RESIDENTIAL LENDING, LLC 1 5.75% $8,034
    M&T Bank 1 7.25% $6,347
    MUTUAL OF OMAHA MORTGAGE, INC. 1 6.25% $7,725
    NATIONWIDE MORTGAGE BANKERS, INC. 1 4.75% $12,830
    United Community Bank 1 6.63% $11,508
    MICHIGAN MUTUAL, INC. 1 6.75% $7,146

    The top Anniston FHA lender as defined by loan originations is Ameris Bank, with 42 FHA loans originated. Their average total fees are $9,599, which is $796 higher than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Anniston FHA lenders (with over 10 loans originated) are SouthPoint Bank ($6,102), FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($6,794), GUILD MORTGAGE COMPANY ($7,698), VANDERBILT MORTGAGE AND FINANCE, INC. ($7,705) and SOUTHWEST FUNDING, LP ($7,897).

    The lowest rate Anniston FHA lenders (with over 10 loans originated) are SouthPoint Bank (5.70%), UNITED WHOLESALE MORTGAGE, LLC (5.85%), First Federal Bank, A FSB (5.94%), Ameris Bank (6.18%) and GUILD MORTGAGE COMPANY (6.27%).

    Anniston FHA Loan Limits

    Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
    ANNISTON-OXFORD, AL CALHOUN 2022 $420,680 $538,650 $651,050 $809,150
    ANNISTON-OXFORD, AL CALHOUN 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).