Charleston FHA Loan Rates, Closing Costs & Stats

CHARLESTON-NORTH CHARLESTON, SC

  • 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.

    Charleston's 169 lenders originated 2,930 FHA loans during 2023. The total origination value was $923,920,000, with an average FHA loan value of $315,331.

    Charleston FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Charleston averaged 6.24% for the week of 2025-02-14, compared to the national average (all FHA variants) of 6.515% for the same period.

    Charleston's average FHA mortgage closing costs are $9,081.

    The average rate for the prior week (2025-02-07) was 6.45% and one month ago for the week of 2025-01-10, the average rate was 6.22%.

    The average rate one year ago was 6.04%.

    For refis of the same type during the week of 2025-02-14, the average rate was 6.63%.

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

    Charleston 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 Charleston level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    DHI MORTGAGE COMPANY, LTD. 261 5.30% $9,017
    QUICKEN LOANS, LLC 197 6.18% $12,972
    UNITED WHOLESALE MORTGAGE, LLC 194 6.27% $13,347
    EAGLE HOME MORTGAGE, LLC 141 5.81% $15,178
    VELOCIO MORTGAGE L.L.C. 133 5.43% $12,803
    MOVEMENT MORTGAGE, LLC 108 6.45% $13,988
    CROSSCOUNTRY MORTGAGE, LLC 87 6.80% $13,561
    AMERICAN PACIFIC MORTGAGE CORPORATION 86 6.31% $17,032
    GUILD MORTGAGE COMPANY 62 6.53% $12,738
    CALCON MUTUAL MORTGAGE LLC 52 6.54% $14,484
    CMG MORTGAGE, INC. 52 6.61% $11,974
    Ameris Bank 46 6.45% $13,822
    MIDLAND MORTGAGE CORPORATION 45 6.48% $10,581
    CAROLINA ONE MORTGAGE, LLC 42 6.56% $12,392
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 38 6.84% $13,583
    LOANDEPOT.COM, LLC 37 6.33% $12,396
    Princeton Mortgage Corporation 34 6.74% $12,550
    INTERLINC MORTGAGE SERVICES, LLC 33 6.73% $8,991
    PLAZA HOME MORTGAGE, INC. 31 6.25% $12,631
    PRIMELENDING, A PLAINSCAPITAL COMPANY 30 6.80% $14,882
    CARDINAL FINANCIAL 29 6.64% $15,434
    DIRECT MORTGAGE LOANS, LLC 29 6.78% $13,718
    FREEDOM MORTGAGE CORPORATION 25 6.95% $14,820
    Nations Lending Corporation 24 6.44% $10,171
    NEWREZ LLC 24 6.44% $11,983
    Mr. Cooper ( Nationstar Mortgage ) 24 6.13% $16,314
    Atlantic Coast Mortgage, LLC 23 6.69% $14,656
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 23 6.43% $14,045
    NTFN, INC. 21 6.58% $14,213
    PENNYMAC LOAN SERVICES, LLC 20 5.79% $14,392
    BROKER SOLUTIONS, INC. 19 6.58% $11,604
    PULTE MORTGAGE LLC 18 6.28% $8,672
    PRIMARY RESIDENTIAL MORTGAGE, INC. 17 6.65% $14,589
    GUARANTEED RATE, INC. 15 6.34% $14,048
    AMERISAVE MORTGAGE CORPORATION 14 5.88% $17,711
    MUTUAL OF OMAHA MORTGAGE, INC. 13 6.84% $15,287
    Regions Bank 13 5.80% $12,358
    GUARANTEED RATE AFFINITY, LLC 13 6.62% $12,139
    Flagstar Bank, FSB 13 6.35% $11,995
    NATION ONE MORTGAGE CORPORATION 12 7.30% $16,633
    South State Bank 12 6.19% $12,701
    Carrington Mortgage Services, LLC 12 5.91% $16,266
    LEGEND LENDING CORPORATION 12 6.54% $19,197
    Renasant Bank 12 6.10% $12,382
    First Heritage Mortgage, LLC 11 6.45% $13,427
    Alcova Mortgage LLC 11 7.25% $7,799
    NFM, INC. 11 6.80% $13,314
    Equity Prime Mortgage LLC 11 6.70% $11,996
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 10 6.74% $10,240
    TOWNE MORTGAGE COMPANY 10 6.36% $13,304
    Prosperity Home Mortgage, LLC 10 6.53% $10,548
    NORWICH COMMERCIAL GROUP, INC. 9 6.61% $11,862
    LOANPAL, LLC 9 5.76% $15,293
    AMERICAN FINANCIAL RESOURCES, INC. 9 6.10% $9,799
    VANDERBILT MORTGAGE AND FINANCE, INC. 9 6.21% $15,032
    United Bank 9 6.12% $9,975
    RELIANCE FIRST CAPITAL, LLC 9 6.67% $14,174
    GSF Mortgage Corporation 8 6.45% $14,157
    MORTGAGE EQUITY PARTNERS LLC 8 6.56% $14,255
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 8 6.30% $12,751
    DELMAR FINANCIAL COMPANY 8 6.39% $11,880
    MID AMERICA MORTGAGE, INC. 8 7.16% $7,214
    HOMEBRIDGE FINANCIAL SERVICES, INC. 7 6.39% $13,730
    MILEND, INC. 7 6.48% $18,136
    SUN WEST MORTGAGE COMPANY, INC. 7 6.75% $14,316
    Southern First Bank 7 6.71% $10,371
    Northpointe Bank 6 6.06% $11,344
    GARDNER FINANCIAL SERVICES, LTD. 6 7.10% $14,642
    Plains Commerce Bank 6 6.31% $15,899
    First-Citizens Bank & Trust Company 6 6.31% $10,817
    TBI MORTGAGE COMPANY 6 5.85% $15,069
    LAKEVIEW LOAN SERVICING, LLC 6 5.92% $15,009
    The Bank of South Carolina 6 6.31% $9,488
    TOP FLITE FINANCIAL, INC. 6 6.77% $14,719
    Truist 6 6.43% $11,385
    United Community Bank 6 6.63% $11,777
    CHURCHILL MORTGAGE CORPORATION 6 6.13% $12,031
    SeaTrust Mortgage Company 5 7.20% $11,512
    HOMESIDE FINANCIAL, LLC 5 6.38% $11,160
    MICHIGAN MUTUAL, INC. 5 5.23% $18,136
    Fifth Third Bank 5 6.43% $11,147
    TD Bank 5 6.40% $8,391
    Mortgage Research Center, LLC 5 6.48% $8,639
    EQUITY RESOURCES, INC. 4 6.28% $10,103
    ABSOLUTE HOME MORTGAGE CORPORATION 4 6.88% $21,144
    AMERICAN FINANCIAL NETWORK, INC. 4 7.41% $14,883
    K. HOVNANIAN AMERICAN MORTGAGE, L.L.C. 4 6.34% $13,965
    M&T Bank 4 6.59% $10,458
    NATIONS DIRECT MORTGAGE, LLC 4 6.72% $10,802
    SENTE MORTGAGE, INC. 4 6.50% $16,463
    UNION HOME MORTGAGE CORP. 4 6.16% $13,282
    VILLAGE CAPITAL MORTGAGE 4 6.63% $10,243
    NBKC BANK 3 5.71% $9,360
    CITY FIRST MORTGAGE SERVICES, L.L.C. 3 7.33% $11,198
    Paramount Residential Mortgage Group, Inc. 3 7.33% $14,370
    Century Mortgage Company DBA Century Lending Company 3 6.33% $18,413
    Lakeview Community Capital, LLC 3 6.61% $12,538
    JPMorgan Chase Bank 3 7.21% $8,255
    ZILLOW HOME LOANS, LLC 3 6.04% $12,873
    THRIVE MORTGAGE, LLC 3 6.21% $11,877
    TJC Mortgage, Inc. 3 6.83% $11,876
    Towne Bank 3 6.08% $13,840
    AMERICAN FINANCING CORPORATION 3 6.50% $14,846
    FIRST COMMUNITY MORTGAGE, INC. 3 7.33% $12,070
    ACADEMY MORTGAGE CORPORATION 2 6.69% $16,733
    EMBRACE HOME LOANS, INC. 2 5.62% $12,279
    BAY EQUITY LLC 2 6.50% $19,281
    Residential Mortgage Solutions, Inc. 2 6.94% $17,963
    CORNERSTONE HOME LENDING, INC. 2 5.12% $11,198
    RESOURCE FINANCIAL SERVICES, INC. 2 6.63% $9,182
    RUOFF MORTGAGE COMPANY, INC. 2 6.19% $10,150
    AmeriHome Mortgage Company, LLC 2 6.88% $11,973
    JMAC LENDING, INC. 2 5.56% $15,933
    American Security Mortgage Corp. 2 6.00% $14,579
    SWBC MORTGAGE CORPORATION 2 7.50% $6,898
    FIRST HOME MORTGAGE CORPORATION 2 6.75% $15,095
    POLARIS HOME FUNDING CORP. 2 6.44% $12,261
    NATIONWIDE MORTGAGE BANKERS, INC. 2 6.43% $12,522
    PENTAGON FEDERAL CREDIT UNION 2 5.81% $8,975
    ALLIED MORTGAGE GROUP, INC. 2 6.19% $9,689
    The Federal Savings Bank 2 5.75% $23,408
    Gateway First Bank 2 6.19% $11,610
    The Loan Store, Inc. 2 6.81% $18,190
    HOMEOWNERS FINANCIAL GROUP USA, LLC 2 7.38% $14,616
    The Freedom Bank of Virginia 1 6.25% $13,492
    The Union Bank Company 1 6.75% $17,706
    TOTAL MORTGAGE SERVICES, LLC 1 6.25% $16,520
    Assurance Financial Group, L.L.C. 1 6.12% $17,971
    TruHome Solutions, LLC 1 6.13% $9,283
    Wells Fargo Bank 1 7.13% $9,959
    American Mortgage & Equity Consultants, Inc. 1 7.00% $13,871
    UNITED NORTHERN MORTGAGE BANKERS LIMITED 1 6.63% $17,910
    Vellum Mortgage, Inc. 1 6.63% $8,915
    Mortgage Assurance Inc. 1 6.13% $18,210
    MLD MORTGAGE INC. 1 6.75% $13,242
    MEADOWBROOK FINANCIAL MORTGAGE BANKERS CORP. 1 5.63% $14,722
    Magnolia Bank 1 5.75% $12,856
    LOANLEADERS OF AMERICA, INC. 1 5.50% $13,798
    NETWORK CAPITAL FUNDING CORPORATION 1 5.63% $9,273
    Network Funding, L.P. 1 7.13% $7,625
    INTERCOASTAL MORTGAGE COMPANY 1 6.50% $11,447
    GMFS LLC 1 7.00% $6,365
    First Reliance Bank 1 6.25% $7,656
    Paramount Bank 1 7.00% $10,463
    First Palmetto Bank 1 7.00% $9,774
    PHH Mortgage Corporation 1 6.63% $7,140
    PIKE CREEK MORTGAGE SERVICES, INC. 1 6.63% $13,850
    First National Bank of Pennsylvania 1 6.38% $10,487
    PLANET HOME LENDING, LLC 1 6.50% $11,328
    PREMIA MORTGAGE, LLC 1 5.99% $19,007
    FIRST COLONY MORTGAGE CORPORATION 1 6.75% $11,003
    FIRST ALLIANCE HOME MORTGAGE, LLC 1 6.25% $16,977
    FBC MORTGAGE, LLC 1 5.75% $11,130
    Evolve Bank & Trust 1 6.75% $14,301
    EUSTIS AND AMERICAN MORTGAGE COMPANY 1 6.13% $9,279
    1ST SIGNATURE LENDING, LLC 1 6.13% $15,839
    ENVOY MORTGAGE, LTD 1 5.75% $10,383
    ENCORE BANK 1 6.62% $9,684
    EMM LOANS LLC 1 5.50% $13,283
    Waterstone Mortgage Corporation 1 6.63% $15,165
    ServisFirst Bank 1 6.63% $9,168
    Sierra Pacific Mortgage Company, Inc. 1 6.13% $19,016
    SOUTHEAST MORTGAGE OF GEORGIA, INC. 1 6.13% $11,117
    SUCCESS MORTGAGE PARTNERS, INC. 1 6.13% $9,331
    SUMMIT FUNDING, INC. 1 6.75% $15,566
    Synovus Bank 1 6.25% $10,810
    CBM Mortgage, Inc. 1 5.25% $20,710
    BOND STREET MORTGAGE, LLC 1 7.12% $10,748
    The Central Trust Bank 1 5.75% $8,597

    The top Charleston FHA lender as defined by loan originations is DHI MORTGAGE COMPANY, LTD., with 261 FHA loans originated. Their average total fees are $9,017, which is $3,955 lower than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Charleston FHA lenders (with over 10 loans originated) are Alcova Mortgage LLC ($7,799), PULTE MORTGAGE LLC ($8,672), INTERLINC MORTGAGE SERVICES, LLC ($8,991), DHI MORTGAGE COMPANY, LTD. ($9,017) and Nations Lending Corporation ($10,171).

    The lowest rate Charleston FHA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (5.30%), VELOCIO MORTGAGE L.L.C. (5.43%), PENNYMAC LOAN SERVICES, LLC (5.79%), Regions Bank (5.80%) and EAGLE HOME MORTGAGE, LLC (5.81%).

    Charleston FHA Loan Limits

    Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
    CHARLESTON-NORTH CHARLESTON, SC BERKELEY 2022 $473,800 $606,550 $733,150 $911,150
    CHARLESTON-NORTH CHARLESTON, SC CHARLESTON 2022 $473,800 $606,550 $733,150 $911,150
    CHARLESTON-NORTH CHARLESTON, SC DORCHESTER 2022 $473,800 $606,550 $733,150 $911,150
    CHARLESTON-NORTH CHARLESTON, SC BERKELEY 2023 $538,200 $689,000 $832,850 $1,035,000
    CHARLESTON-NORTH CHARLESTON, SC CHARLESTON 2023 $538,200 $689,000 $832,850 $1,035,000
    CHARLESTON-NORTH CHARLESTON, SC DORCHESTER 2023 $538,200 $689,000 $832,850 $1,035,000

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Charleston (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 $393,945 (5.2%) $666,998 (3.0%) 1.46 4,315
    2018-02-01 $398,615 (3.7%) $671,931 (2.0%) 1.45 4,444
    2018-03-01 $400,000 (0.0%) $690,847 (1.9%) 1.40 4,595
    2018-04-01 $409,450 (-0.1%) $701,666 (2.9%) 1.39 4,743
    2018-05-01 $417,000 (4.0%) $699,033 (2.9%) 1.39 4,819
    2018-06-01 $411,760 (3.1%) $699,625 (3.3%) 1.37 4,902
    2018-07-01 $409,425 (2.4%) $685,760 (2.2%) 1.37 4,934
    2018-08-01 $399,125 (-0.2%) $677,912 (0.8%) 1.34 4,936
    2018-09-01 $399,000 (0.7%) $670,709 (0.4%) 1.34 5,020
    2018-10-01 $390,000 (-1.4%) $657,703 (-0.4%) 1.32 5,187
    2018-11-01 $389,000 (-1.5%) $654,672 (-0.4%) 1.32 5,257
    2018-12-01 $385,000 (-2.5%) $648,741 (-2.7%) 1.33 4,969
    2019-01-01 $387,835 (-1.6%) $648,218 (-2.8%) 1.34 4,844
    2019-02-01 $399,700 (0.3%) $663,664 (-1.2%) 1.35 4,946
    2019-03-01 $404,836 (1.2%) $671,805 (-2.8%) 1.32 5,107
    2019-04-01 $413,209 (0.9%) $683,737 (-2.6%) 1.31 5,281
    2019-05-01 $416,700 (-0.1%) $689,765 (-1.3%) 1.30 5,270
    2019-06-01 $419,000 (1.8%) $693,830 (-0.8%) 1.31 5,290
    2019-07-01 $419,500 (2.5%) $697,059 (1.7%) 1.31 5,193
    2019-08-01 $414,273 (3.8%) $691,066 (1.9%) 1.31 5,136
    2019-09-01 $405,682 (1.7%) $681,680 (1.6%) 1.30 5,091
    2019-10-01 $399,450 (2.4%) $676,288 (2.8%) 1.29 5,042
    2019-11-01 $399,000 (2.6%) $681,384 (4.1%) 1.31 4,926
    2019-12-01 $398,840 (3.6%) $680,979 (5.0%) 1.33 4,609
    2020-01-01 $399,450 (3.0%) $680,482 (5.0%) 1.33 4,308
    2020-02-01 $408,637 (2.2%) $694,666 (4.7%) 1.34 4,288
    2020-03-01 $424,000 (4.7%) $700,203 (4.2%) 1.33 4,363
    2020-04-01 $413,448 (0.1%) $684,621 (0.1%) 1.30 4,448
    2020-05-01 $425,000 (2.0%) $702,207 (1.8%) 1.29 4,308
    2020-06-01 $429,000 (2.4%) $721,671 (4.0%) 1.26 3,946
    2020-07-01 $434,500 (3.6%) $742,908 (6.6%) 1.26 3,608
    2020-08-01 $439,500 (6.1%) $766,423 (10.9%) 1.26 3,314
    2020-09-01 $444,260 (9.5%) $768,487 (12.7%) 1.27 3,063
    2020-10-01 $435,000 (8.9%) $778,325 (15.1%) 1.25 2,930
    2020-11-01 $434,500 (8.9%) $789,870 (15.9%) 1.27 2,740
    2020-12-01 $439,923 (10.3%) $804,344 (18.1%) 1.31 2,456
    2021-01-01 $450,000 (12.7%) $825,770 (21.4%) 1.34 2,039
    2021-02-01 $498,000 (21.9%) $883,554 (27.2%) 1.45 1,553
    2021-03-01 $496,085 (17.0%) $930,902 (33.0%) 1.41 1,411
    2021-04-01 $503,225 (21.7%) $1,027,130 (50.0%) 1.36 1,291
    2021-05-01 $531,995 (25.2%) $1,092,470 (55.6%) 1.41 1,216
    2021-06-01 $525,000 (22.4%) $1,036,949 (43.7%) 1.38 1,337
    2021-07-01 $491,580 (13.1%) $929,946 (25.2%) 1.30 1,593
    2021-08-01 $477,450 (8.6%) $890,495 (16.2%) 1.27 1,695
    2021-09-01 $454,394 (2.3%) $827,754 (7.7%) 1.21 1,726
    2021-10-01 $474,450 (9.1%) $861,184 (10.7%) 1.27 1,572
    2021-11-01 $465,755 (7.2%) $867,003 (9.8%) 1.24 1,495
    2021-12-01 $467,450 (6.3%) $934,787 (16.2%) 1.27 1,258
    2022-01-01 $480,000 (6.7%) $992,618 (20.2%) 1.30 994
    2022-02-01 $509,900 (2.4%) $1,090,402 (23.4%) 1.33 817
    2022-03-01 $516,238 (4.1%) $1,108,814 (19.1%) 1.29 837
    2022-04-01 $530,000 (5.3%) $1,085,844 (5.7%) 1.26 888
    2022-05-01 $546,000 (2.6%) $1,053,576 (-3.6%) 1.25 1,170
    2022-06-01 $549,000 (4.6%) $1,037,782 (0.1%) 1.22 1,583
    2022-07-01 $524,400 (6.7%) $971,783 (4.5%) 1.18 2,014
    2022-08-01 $506,733 (6.1%) $927,207 (4.1%) 1.17 2,193
    2022-09-01 $500,000 (10.0%) $916,843 (10.8%) 1.17 2,236
    2022-10-01 $489,900 (3.3%) $899,714 (4.5%) 1.15 2,446
    2022-11-01 $485,445 (4.2%) $894,013 (3.1%) 1.17 2,552
    2022-12-01 $479,900 (2.7%) $908,381 (-2.8%) 1.18 2,406
    2023-01-01 $479,902 (0.0%) $911,593 (-8.2%) 1.19 2,154
    2023-02-01 $497,450 (-2.4%) $985,984 (-9.6%) 1.20 1,950
    2023-03-01 $516,672 (0.1%) $1,012,478 (-8.7%) 1.22 1,887
    2023-04-01 $538,995 (1.7%) $1,021,015 (-6.0%) 1.25 1,853
    2023-05-01 $557,056 (2.0%) $1,073,160 (1.9%) 1.26 1,768
    2023-06-01 $554,917 (1.1%) $1,075,972 (3.7%) 1.25 1,910
    2023-07-01 $550,000 (4.9%) $1,043,550 (7.4%) 1.25 1,952
    2023-08-01 $531,993 (5.0%) $1,006,706 (8.6%) 1.22 2,074
    2023-09-01 $525,000 (5.0%) $1,009,585 (10.1%) 1.22 2,318
    2023-10-01 $538,248 (9.9%) $1,031,863 (14.7%) 1.27 2,429
    2023-11-01 $519,000 (6.9%) $1,000,884 (12.0%) 1.24 2,559
    2023-12-01 $500,000 (4.2%) $989,082 (8.9%) 1.22 2,442
    2024-01-01 $499,000 (4.0%) $990,800 (8.7%) 1.22 2,243
    2024-02-01 $494,500 (-0.6%) $987,444 (0.2%) 1.19 2,257
    2024-03-01 $507,547 (-1.8%) $1,009,656 (-0.3%) 1.20 2,361
    2024-04-01 $523,350 (-2.9%) $1,037,289 (1.6%) 1.22 2,492
    2024-05-01 $529,225 (-5.0%) $1,076,271 (0.3%) 1.20 2,718
    2024-06-01 $529,000 (-4.7%) $1,077,400 (0.1%) 1.19 2,854
    2024-07-01 $519,995 (-5.5%) $1,032,138 (-1.1%) 1.19 3,063
    2024-08-01 $510,000 (-4.1%) $988,171 (-1.8%) 1.19 3,188
    2024-09-01 $530,000 (1.0%) $1,016,840 (0.7%) 1.25 3,121
    2024-10-01 $535,000 (-0.6%) $1,014,709 (-1.7%) 1.26 3,214
    2024-11-01 $535,000 (3.1%) $999,510 (-0.1%) 1.28 3,226
    2024-12-01 $524,999 (5.0%) $967,219 (-2.2%) 1.30 2,923
    2025-01-01 $508,000 (1.8%) $957,960 (-3.3%) 0.00 2,796
    Charleston's median listing price for 2025-01-01 was $508,000, a difference of $9,000 (1.8%) versus the prior year and $-16,999 versus the prior month.

    Charleston's median listing price comes in at 0% of the national average.

    Charleston's average listing price for 2025-01-01 was $957,960, a difference of $-32,840 (-3.3%) versus the prior year and $-9,259 versus the prior month.

    For the 2025-01-01 period, Charleston had 2,796 MLS listings, a difference of -127 listings (-4%) versus the prior month and 553 listings (25%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Charleston (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 91 days 2,277 sqft
    2018-02-01 82 days 2,295 sqft
    2018-03-01 56 days 2,300 sqft
    2018-04-01 58 days 2,313 sqft
    2018-05-01 59 days 2,309 sqft
    2018-06-01 60 days 2,302 sqft
    2018-07-01 64 days 2,283 sqft
    2018-08-01 67 days 2,245 sqft
    2018-09-01 73 days 2,207 sqft
    2018-10-01 72 days 2,176 sqft
    2018-11-01 75 days 2,144 sqft
    2018-12-01 78 days 2,135 sqft
    2019-01-01 86 days 2,136 sqft
    2019-02-01 77 days 2,159 sqft
    2019-03-01 65 days 2,178 sqft
    2019-04-01 58 days 2,209 sqft
    2019-05-01 61 days 2,226 sqft
    2019-06-01 63 days 2,217 sqft
    2019-07-01 66 days 2,218 sqft
    2019-08-01 70 days 2,202 sqft
    2019-09-01 72 days 2,189 sqft
    2019-10-01 74 days 2,180 sqft
    2019-11-01 74 days 2,148 sqft
    2019-12-01 80 days 2,140 sqft
    2020-01-01 86 days 2,139 sqft
    2020-02-01 74 days 2,148 sqft
    2020-03-01 54 days 2,176 sqft
    2020-04-01 59 days 2,183 sqft
    2020-05-01 69 days 2,226 sqft
    2020-06-01 65 days 2,238 sqft
    2020-07-01 59 days 2,233 sqft
    2020-08-01 54 days 2,215 sqft
    2020-09-01 53 days 2,200 sqft
    2020-10-01 52 days 2,174 sqft
    2020-11-01 53 days 2,134 sqft
    2020-12-01 60 days 2,137 sqft
    2021-01-01 66 days 2,148 sqft
    2021-02-01 46 days 2,104 sqft
    2021-03-01 36 days 2,127 sqft
    2021-04-01 33 days 2,172 sqft
    2021-05-01 29 days 2,170 sqft
    2021-06-01 23 days 2,148 sqft
    2021-07-01 24 days 2,170 sqft
    2021-08-01 30 days 2,116 sqft
    2021-09-01 31 days 2,104 sqft
    2021-10-01 37 days 2,090 sqft
    2021-11-01 37 days 2,091 sqft
    2021-12-01 44 days 2,093 sqft
    2022-01-01 53 days 2,148 sqft
    2022-02-01 22 days 2,165 sqft
    2022-03-01 16 days 2,172 sqft
    2022-04-01 16 days 2,166 sqft
    2022-05-01 15 days 2,211 sqft
    2022-06-01 21 days 2,214 sqft
    2022-07-01 28 days 2,221 sqft
    2022-08-01 36 days 2,218 sqft
    2022-09-01 43 days 2,206 sqft
    2022-10-01 45 days 2,185 sqft
    2022-11-01 47 days 2,175 sqft
    2022-12-01 58 days 2,164 sqft
    2023-01-01 69 days 2,188 sqft
    2023-02-01 60 days 2,208 sqft
    2023-03-01 44 days 2,222 sqft
    2023-04-01 38 days 2,245 sqft
    2023-05-01 40 days 2,262 sqft
    2023-06-01 37 days 2,298 sqft
    2023-07-01 39 days 2,263 sqft
    2023-08-01 43 days 2,193 sqft
    2023-09-01 42 days 2,164 sqft
    2023-10-01 45 days 2,151 sqft
    2023-11-01 45 days 2,107 sqft
    2023-12-01 57 days 2,100 sqft
    2024-01-01 65 days 2,100 sqft
    2024-02-01 48 days 2,100 sqft
    2024-03-01 39 days 2,106 sqft
    2024-04-01 39 days 2,119 sqft
    2024-05-01 37 days 2,150 sqft
    2024-06-01 43 days 2,178 sqft
    2024-07-01 45 days 2,158 sqft
    2024-08-01 50 days 2,112 sqft
    2024-09-01 50 days 2,099 sqft
    2024-10-01 50 days 2,081 sqft
    2024-11-01 56 days 2,020 sqft
    2024-12-01 62 days 2,013 sqft
    2025-01-01 0 days 1,986 sqft
    Charleston's median listing age (time on market) for 2025-01-01 was 0 days. This is -100% shorter than the same period one year ago.

    Charleston's median square footage for active listings during the 2025-01-01 period was 1,986 sqft. One year prior, the average listing was 2,100 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).