Augusta FHA Loan Rates, Closing Costs & Stats
AUGUSTA-RICHMOND COUNTY, GA-SC
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.
Augusta's 144 lenders originated 2,112 FHA
loans during 2024. The total origination value was $525,480,000, with an average FHA loan value of
$248,807.
Augusta FHA Loans, 30 Year Fixed Rates
30 Year FHA mortgages in Augusta
averaged
6.68%
for the week of 2025-07-18, compared to the national average (all FHA variants) of
6.527% for the same period.
Augusta's average FHA mortgage closing costs are $7,769.
The average rate for the prior week (2025-07-11) was
6.28% and
one month ago for the week of 2025-06-13, the
average rate was 6.53%.
The average rate one year ago was 6.8%.
For refis of the same type during the week of 2025-07-18, the average rate
was 6.29%.
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.
Augusta 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 Augusta level.
Name |
# of Loans |
2024 Avg. 30yFix Rate |
2024 Avg. Closing Costs |
GUILD MORTGAGE COMPANY
|
267
|
6.36%
|
$10,166
|
QUICKEN LOANS, LLC
|
163
|
6.33%
|
$10,323
|
DHI MORTGAGE COMPANY, LTD.
|
117
|
5.20%
|
$7,405
|
UNITED WHOLESALE MORTGAGE, LLC
|
87
|
6.15%
|
$13,008
|
BROKER SOLUTIONS, INC.
|
72
|
6.66%
|
$11,853
|
MOVEMENT MORTGAGE, LLC
|
69
|
6.37%
|
$13,083
|
FREEDOM MORTGAGE CORPORATION
|
55
|
6.35%
|
$10,246
|
First Heritage Mortgage, LLC
|
49
|
6.08%
|
$10,969
|
CARDINAL FINANCIAL
|
47
|
6.45%
|
$10,049
|
South State Bank
|
45
|
6.15%
|
$10,819
|
Regions Bank
|
41
|
6.21%
|
$9,321
|
Ameris Bank
|
37
|
6.32%
|
$11,359
|
AMERICAN FINANCIAL RESOURCES, INC.
|
37
|
6.62%
|
$11,542
|
Colony Bank
|
30
|
6.29%
|
$10,721
|
Flagstar Bank, FSB
|
28
|
6.35%
|
$9,506
|
Queensborough National Bank & Trust Company
|
28
|
6.15%
|
$11,215
|
PENNYMAC LOAN SERVICES, LLC
|
27
|
6.15%
|
$9,491
|
LOANDEPOT.COM, LLC
|
27
|
6.49%
|
$10,339
|
TOWNE MORTGAGE COMPANY
|
26
|
6.49%
|
$9,884
|
FIRST CHOICE MORTGAGE, INC.
|
26
|
6.59%
|
$9,057
|
AUGUSTA MORTGAGE CO.
|
26
|
6.00%
|
$11,185
|
CROSSCOUNTRY MORTGAGE, LLC
|
26
|
6.48%
|
$11,002
|
Equity Prime Mortgage LLC
|
24
|
6.60%
|
$10,540
|
FBC MORTGAGE, LLC
|
24
|
5.39%
|
$9,693
|
SRP Federal Credit Union
|
23
|
6.13%
|
$10,810
|
Mortgage Research Center, LLC
|
21
|
6.60%
|
$6,700
|
Security Federal Bank
|
18
|
5.99%
|
$9,982
|
FAIRWAY INDEPENDENT MORTGAGE CORPORATION
|
18
|
6.93%
|
$11,400
|
BancorpSouth
|
17
|
6.10%
|
$10,009
|
Synovus Bank
|
16
|
6.05%
|
$10,051
|
BANKSOUTH MORTGAGE COMPANY, LLC
|
16
|
6.23%
|
$12,814
|
PLANET HOME LENDING, LLC
|
14
|
6.29%
|
$10,148
|
Carrington Mortgage Services, LLC
|
13
|
6.14%
|
$12,249
|
VANDERBILT MORTGAGE AND FINANCE, INC.
|
12
|
6.75%
|
$9,343
|
SUMMIT FUNDING, INC.
|
12
|
7.09%
|
$10,877
|
CAROLINA ONE MORTGAGE, LLC
|
11
|
6.61%
|
$10,873
|
MILEND, INC.
|
11
|
6.29%
|
$14,042
|
GUARANTEED RATE, INC.
|
10
|
6.39%
|
$12,588
|
HOMESIDE FINANCIAL, LLC
|
10
|
6.22%
|
$11,642
|
AMERICAN FINANCIAL NETWORK, INC.
|
9
|
7.11%
|
$11,358
|
ATLANTIC BAY MORTGAGE GROUP, L.L.C.
|
9
|
6.69%
|
$10,696
|
UNION HOME MORTGAGE CORP.
|
8
|
6.63%
|
$10,287
|
Assurance Financial Group, L.L.C.
|
8
|
6.86%
|
$8,657
|
Mr. Cooper ( Nationstar Mortgage )
|
8
|
6.66%
|
$12,049
|
CANOPY MORTGAGE, LLC
|
8
|
6.28%
|
$16,737
|
NEWREZ LLC
|
8
|
6.80%
|
$12,209
|
Paramount Residential Mortgage Group, Inc.
|
7
|
6.75%
|
$12,312
|
VILLAGE CAPITAL MORTGAGE
|
7
|
6.34%
|
$7,137
|
MUTUAL OF OMAHA MORTGAGE, INC.
|
7
|
6.82%
|
$11,133
|
MORTGAGE SOLUTIONS OF COLORADO, LLC
|
6
|
6.77%
|
$10,484
|
First-Citizens Bank & Trust Company
|
6
|
5.54%
|
$9,062
|
CMG MORTGAGE, INC.
|
6
|
6.71%
|
$11,528
|
Century Mortgage Company DBA Century Lending Company
|
6
|
6.04%
|
$13,934
|
ACOPIA, LLC
|
6
|
6.38%
|
$9,891
|
AMERICAN FINANCING CORPORATION
|
6
|
5.69%
|
$13,115
|
First Community Bank
|
5
|
6.63%
|
$11,236
|
Alcova Mortgage LLC
|
5
|
5.95%
|
$8,667
|
AMERISAVE MORTGAGE CORPORATION
|
5
|
6.30%
|
$11,050
|
ENDEAVOR CAPITAL, LLC.
|
5
|
6.42%
|
$9,557
|
PRIMARY RESIDENTIAL MORTGAGE, INC.
|
4
|
6.56%
|
$8,722
|
SOUTHPOINT FINANCIAL SERVICES, INC.
|
4
|
7.03%
|
$4,715
|
Truist
|
4
|
6.40%
|
$7,504
|
First Palmetto Bank
|
4
|
6.13%
|
$7,915
|
Barrington Bank & Trust Company, N.A.
|
4
|
6.88%
|
$6,410
|
LAKEVIEW LOAN SERVICING, LLC
|
4
|
6.38%
|
$8,614
|
Bank of America
|
3
|
6.17%
|
$7,219
|
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC
|
3
|
7.00%
|
$10,370
|
EMM LOANS LLC
|
3
|
6.21%
|
$8,801
|
FIRST INTEGRITY MORTGAGE SERVICES, INC.
|
3
|
6.79%
|
$6,956
|
First Option Mortgage, LLC
|
3
|
6.96%
|
$12,289
|
Presidential Bank, FSB
|
3
|
6.58%
|
$10,817
|
SUN WEST MORTGAGE COMPANY, INC.
|
3
|
6.08%
|
$14,926
|
Wells Fargo Bank
|
3
|
7.17%
|
$6,187
|
ZILLOW HOME LOANS, LLC
|
3
|
6.42%
|
$9,852
|
STOCKTON MORTGAGE CORPORATION
|
2
|
6.75%
|
$10,725
|
BECKAM FUNDING CORP.
|
2
|
7.38%
|
$9,274
|
MICHIGAN MUTUAL, INC.
|
2
|
6.25%
|
$11,565
|
BAYSHORE MORTGAGE FUNDING, LLC
|
2
|
6.69%
|
$11,909
|
MORTGAGE INVESTORS GROUP, INC.
|
2
|
6.31%
|
$10,258
|
ISERVE RESIDENTIAL LENDING, LLC
|
2
|
6.69%
|
$19,289
|
The Federal Savings Bank
|
2
|
6.75%
|
$10,652
|
RELIANCE FIRST CAPITAL, LLC
|
2
|
6.88%
|
$10,213
|
LOANPAL, LLC
|
2
|
5.81%
|
$10,257
|
Atlantic Coast Mortgage, LLC
|
2
|
6.50%
|
$7,986
|
ROYAL UNITED MORTGAGE LLC
|
2
|
7.13%
|
$5,789
|
PLAZA HOME MORTGAGE, INC.
|
2
|
7.19%
|
$8,517
|
HOMEOWNERS FINANCIAL GROUP USA, LLC
|
2
|
6.44%
|
$13,510
|
Waterstone Mortgage Corporation
|
2
|
7.06%
|
$14,899
|
OPEN MORTGAGE, LLC
|
2
|
7.87%
|
$7,729
|
VERITAS FUNDING, LLC
|
2
|
6.50%
|
$18,325
|
Acre Mortgage and Financial Inc
|
2
|
6.56%
|
$13,883
|
Lakeview Community Capital, LLC
|
2
|
6.94%
|
$7,749
|
Fifth Third Bank
|
2
|
6.75%
|
$4,500
|
LIBERTY HOME MORTGAGE CORPORATION
|
2
|
7.44%
|
$6,882
|
Home Mortgage Alliance Corp
|
2
|
8.00%
|
$6,848
|
Plains Commerce Bank
|
1
|
6.88%
|
$9,549
|
Encompass Lending Group, LP
|
1
|
6.50%
|
$18,600
|
PREMIA MORTGAGE, LLC
|
1
|
6.00%
|
$11,423
|
DELMAR FINANCIAL COMPANY
|
1
|
6.63%
|
$11,080
|
PRIMELENDING, A PLAINSCAPITAL COMPANY
|
1
|
6.25%
|
$16,987
|
DAS Acquisition Company, LLC
|
1
|
7.13%
|
$13,887
|
COUNTRYPLACE MORTGAGE, LTD.
|
1
|
5.50%
|
$15,513
|
RADIUS FINANCIAL GROUP INC.
|
1
|
5.50%
|
$9,424
|
CityWorth Mortgage LLC
|
1
|
5.88%
|
$15,011
|
Residential Acceptance Corporation
|
1
|
8.00%
|
$5,813
|
SeaTrust Mortgage Company
|
1
|
7.99%
|
$10,877
|
Citizens Bank
|
1
|
6.88%
|
$8,187
|
CHURCHILL MORTGAGE CORPORATION
|
1
|
7.13%
|
$6,022
|
Capital Bank
|
1
|
6.63%
|
$7,896
|
SOUTHWEST FUNDING, LP
|
1
|
7.25%
|
$11,271
|
CALCON MUTUAL MORTGAGE LLC
|
1
|
6.00%
|
$7,493
|
WesBanco
|
1
|
6.00%
|
$10,300
|
T2 FINANCIAL LLC
|
1
|
6.50%
|
$11,006
|
TD Bank
|
1
|
6.75%
|
$11,225
|
TOP FLITE FINANCIAL, INC.
|
1
|
7.25%
|
$9,823
|
AXIA FINANCIAL, LLC
|
1
|
7.63%
|
$9,755
|
Armed Forces Bank
|
1
|
6.00%
|
$20,373
|
AMERITRUST MORTGAGE CORPORATION
|
1
|
7.13%
|
$14,713
|
U.S. Bank
|
1
|
6.25%
|
$9,177
|
AmeriHome Mortgage Company, LLC
|
1
|
7.13%
|
$8,602
|
VAN DYK MORTGAGE CORPORATION
|
1
|
6.63%
|
$5,928
|
LADERA LENDING, INC.
|
1
|
5.75%
|
$10,910
|
LOANLEADERS OF AMERICA, INC.
|
1
|
6.63%
|
$17,281
|
JPMorgan Chase Bank
|
1
|
6.75%
|
$9,629
|
Loan Simple, Inc.
|
1
|
7.25%
|
$11,633
|
MASON MCDUFFIE MORTGAGE CORPORATION
|
1
|
6.25%
|
$6,668
|
MEMBER FIRST MORTGAGE, LLC
|
1
|
5.88%
|
$9,805
|
Ixonia Bank
|
1
|
6.63%
|
$19,663
|
Mortgage Assurance Inc.
|
1
|
5.75%
|
$16,362
|
INTERCAP LENDING INC.
|
1
|
6.25%
|
$9,705
|
M&T Bank
|
1
|
6.75%
|
$6,894
|
GUARANTEED RATE AFFINITY, LLC
|
1
|
6.75%
|
$7,688
|
NATIONS DIRECT MORTGAGE, LLC
|
1
|
6.75%
|
$10,295
|
NATIONS RELIABLE LENDING, LLC
|
1
|
6.25%
|
$12,408
|
NBKC BANK
|
1
|
6.50%
|
$8,259
|
NETWORK CAPITAL FUNDING CORPORATION
|
1
|
6.25%
|
$9,195
|
NEW DAY FINANCIAL, LLC
|
1
|
7.87%
|
$3,860
|
FIRST COMMUNITY MORTGAGE, INC.
|
1
|
7.00%
|
$8,331
|
NEXERA HOLDING LLC
|
1
|
5.50%
|
$6,133
|
NFM, INC.
|
1
|
7.25%
|
$11,398
|
Northpointe Bank
|
1
|
6.50%
|
$5,574
|
EVERETT FINANCIAL, INC.
|
1
|
7.88%
|
$15,450
|
PENTAGON FEDERAL CREDIT UNION
|
1
|
6.13%
|
$14,195
|
Pinnacle Bank
|
1
|
5.25%
|
$7,323
|
The top Augusta FHA lender as defined by loan originations is GUILD MORTGAGE COMPANY, with
267 FHA loans originated. Their average total fees are
$10,166, which is $157
lower than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee Augusta FHA lenders (with over 10 loans originated) are
Mortgage Research Center, LLC ($6,700), DHI MORTGAGE COMPANY, LTD. ($7,405), FIRST CHOICE MORTGAGE, INC. ($9,057), Regions Bank ($9,321) and VANDERBILT MORTGAGE AND FINANCE, INC. ($9,343).
The lowest rate Augusta FHA lenders (with over 10 loans originated) are
DHI MORTGAGE COMPANY, LTD. (5.20%), FBC MORTGAGE, LLC (5.39%), Security Federal Bank (5.99%), AUGUSTA MORTGAGE CO. (6.00%) and Synovus Bank (6.05%).
Augusta FHA Loan Limits
Metro |
County |
Year |
Single Family Limit |
2 Family Limit |
3 Family Limit |
4 Family Limit |
AUGUSTA-RICHMOND COUNTY, GA-SC |
BURKE |
2022 |
$420,680 |
$538,650 |
$651,050 |
$809,150 |
AUGUSTA-RICHMOND COUNTY, GA-SC |
COLUMBIA |
2022 |
$420,680 |
$538,650 |
$651,050 |
$809,150 |
AUGUSTA-RICHMOND COUNTY, GA-SC |
LINCOLN |
2022 |
$420,680 |
$538,650 |
$651,050 |
$809,150 |
AUGUSTA-RICHMOND COUNTY, GA-SC |
MCDUFFIE |
2022 |
$420,680 |
$538,650 |
$651,050 |
$809,150 |
AUGUSTA-RICHMOND COUNTY, GA-SC |
RICHMOND |
2022 |
$420,680 |
$538,650 |
$651,050 |
$809,150 |
AUGUSTA-RICHMOND COUNTY, GA-SC |
AIKEN |
2022 |
$420,680 |
$538,650 |
$651,050 |
$809,150 |
AUGUSTA-RICHMOND COUNTY, GA-SC |
EDGEFIELD |
2022 |
$420,680 |
$538,650 |
$651,050 |
$809,150 |
AUGUSTA-RICHMOND COUNTY, GA-SC |
BURKE |
2023 |
$472,030 |
$604,400 |
$730,525 |
$907,900 |
AUGUSTA-RICHMOND COUNTY, GA-SC |
COLUMBIA |
2023 |
$472,030 |
$604,400 |
$730,525 |
$907,900 |
AUGUSTA-RICHMOND COUNTY, GA-SC |
LINCOLN |
2023 |
$472,030 |
$604,400 |
$730,525 |
$907,900 |
AUGUSTA-RICHMOND COUNTY, GA-SC |
MCDUFFIE |
2023 |
$472,030 |
$604,400 |
$730,525 |
$907,900 |
AUGUSTA-RICHMOND COUNTY, GA-SC |
RICHMOND |
2023 |
$472,030 |
$604,400 |
$730,525 |
$907,900 |
AUGUSTA-RICHMOND COUNTY, GA-SC |
AIKEN |
2023 |
$472,030 |
$604,400 |
$730,525 |
$907,900 |
AUGUSTA-RICHMOND COUNTY, GA-SC |
EDGEFIELD |
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).