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).