Charlotte FHA Loan Rates, Closing Costs & Stats
CHARLOTTE-CONCORD-GASTONIA, NC-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.
Charlotte's 256 lenders originated 9,421 FHA loans during 2024. The total origination value was $2,927,065,000, with an average FHA loan value of $310,696.
Charlotte FHA Loans, 30 Year Fixed Rates
30 Year FHA mortgages in Charlotte
averaged
6.71%
for the week of 2025-07-11, compared to the national average (all FHA variants) of
6.523% for the same period.
Charlotte's average FHA mortgage closing costs are $8,767.
The average rate for the prior week (2025-07-04) was
6.34% and
one month ago for the week of 2025-06-06, the
average rate was 6.68%.
The average rate one year ago was 6.71%.
For refis of the same type during the week of 2025-07-11, the average rate
was 6.52%.
Charlotte 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 Charlotte level.
The top Charlotte FHA lender as defined by loan originations is QUICKEN LOANS, LLC, with
856 FHA loans originated. Their average total fees are
$12,779, which is $542
lower than the next largest lender,
UNITED WHOLESALE MORTGAGE, LLC.
The lowest fee Charlotte FHA lenders (with over 10 loans originated) are
HOMEBRIDGE FINANCIAL SERVICES, INC. ($6,046), DHI MORTGAGE COMPANY, LTD. ($6,791), PLANET HOME LENDING, LLC ($7,901), AmeriHome Mortgage Company, LLC ($8,025) and Mortgage Research Center, LLC ($8,026).
The lowest rate Charlotte FHA lenders (with over 10 loans originated) are
DHI MORTGAGE COMPANY, LTD. (5.16%), First-Citizens Bank & Trust Company (5.37%), First Heritage Mortgage, LLC (5.38%), INSPIRE HOME LOANS INC. (5.39%) and MATTAMY HOME FUNDING, LLC (5.55%).
Charlotte FHA Loan Limits
| Metro | County | Year | Single Family Limit | 2 Family Limit | 3 Family Limit | 4 Family Limit |
|---|---|---|---|---|---|---|
| CHARLOTTE-CONCORD-GASTONIA, NC-SC | ANSON | 2022 | $420,680 | $538,650 | $651,050 | $809,150 |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC | CABARRUS | 2022 | $420,680 | $538,650 | $651,050 | $809,150 |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC | GASTON | 2022 | $420,680 | $538,650 | $651,050 | $809,150 |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC | IREDELL | 2022 | $420,680 | $538,650 | $651,050 | $809,150 |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC | LINCOLN | 2022 | $420,680 | $538,650 | $651,050 | $809,150 |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC | MECKLENBURG | 2022 | $420,680 | $538,650 | $651,050 | $809,150 |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC | ROWAN | 2022 | $420,680 | $538,650 | $651,050 | $809,150 |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC | UNION | 2022 | $420,680 | $538,650 | $651,050 | $809,150 |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC | CHESTER | 2022 | $420,680 | $538,650 | $651,050 | $809,150 |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC | LANCASTER | 2022 | $420,680 | $538,650 | $651,050 | $809,150 |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC | YORK | 2022 | $420,680 | $538,650 | $651,050 | $809,150 |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC | ANSON | 2023 | $472,030 | $604,400 | $730,525 | $907,900 |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC | CABARRUS | 2023 | $472,030 | $604,400 | $730,525 | $907,900 |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC | GASTON | 2023 | $472,030 | $604,400 | $730,525 | $907,900 |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC | IREDELL | 2023 | $472,030 | $604,400 | $730,525 | $907,900 |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC | LINCOLN | 2023 | $472,030 | $604,400 | $730,525 | $907,900 |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC | MECKLENBURG | 2023 | $472,030 | $604,400 | $730,525 | $907,900 |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC | ROWAN | 2023 | $472,030 | $604,400 | $730,525 | $907,900 |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC | UNION | 2023 | $472,030 | $604,400 | $730,525 | $907,900 |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC | CHESTER | 2023 | $472,030 | $604,400 | $730,525 | $907,900 |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC | LANCASTER | 2023 | $472,030 | $604,400 | $730,525 | $907,900 |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC | YORK | 2023 | $472,030 | $604,400 | $730,525 | $907,900 |
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Charlotte (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 | $337,400 (8.9%) | $436,925 (7.7%) | 1.25 | 6,852 |
| 2018-02-01 | $338,500 (6.5%) | $442,752 (6.0%) | 1.23 | 6,887 |
| 2018-03-01 | $349,000 (5.8%) | $452,250 (4.6%) | 1.22 | 7,186 |
| 2018-04-01 | $352,908 (3.8%) | $463,116 (4.3%) | 1.20 | 7,503 |
| 2018-05-01 | $354,660 (2.1%) | $468,278 (3.4%) | 1.18 | 7,948 |
| 2018-06-01 | $352,498 (1.2%) | $464,257 (1.8%) | 1.18 | 8,422 |
| 2018-07-01 | $347,000 (0.6%) | $453,436 (0.7%) | 1.16 | 8,766 |
| 2018-08-01 | $340,000 (0.2%) | $445,788 (1.1%) | 1.14 | 8,906 |
| 2018-09-01 | $339,900 (0.7%) | $443,553 (1.2%) | 1.14 | 8,963 |
| 2018-10-01 | $333,950 (-1.2%) | $436,161 (-0.7%) | 1.13 | 9,029 |
| 2018-11-01 | $329,950 (-0.9%) | $432,722 (-0.3%) | 1.12 | 8,850 |
| 2018-12-01 | $325,000 (-2.0%) | $428,622 (-0.6%) | 1.12 | 8,315 |
| 2019-01-01 | $325,000 (-3.7%) | $429,035 (-1.8%) | 1.12 | 7,887 |
| 2019-02-01 | $329,862 (-2.6%) | $439,769 (-0.7%) | 1.11 | 7,887 |
| 2019-03-01 | $341,329 (-2.2%) | $461,640 (2.1%) | 1.12 | 7,936 |
| 2019-04-01 | $349,950 (-0.8%) | $475,112 (2.6%) | 1.11 | 8,119 |
| 2019-05-01 | $355,750 (0.3%) | $478,617 (2.2%) | 1.11 | 8,345 |
| 2019-06-01 | $358,000 (1.6%) | $478,016 (3.0%) | 1.12 | 8,498 |
| 2019-07-01 | $349,938 (0.9%) | $457,855 (1.0%) | 1.10 | 8,509 |
| 2019-08-01 | $345,100 (1.5%) | $455,360 (2.2%) | 1.09 | 8,486 |
| 2019-09-01 | $339,419 (-0.1%) | $457,354 (3.1%) | 1.09 | 8,400 |
| 2019-10-01 | $335,631 (0.5%) | $449,782 (3.1%) | 1.08 | 8,306 |
| 2019-11-01 | $334,735 (1.5%) | $435,665 (0.7%) | 1.10 | 7,815 |
| 2019-12-01 | $335,882 (3.4%) | $437,118 (2.0%) | 1.12 | 6,997 |
| 2020-01-01 | $336,650 (3.6%) | $443,620 (3.4%) | 1.13 | 6,363 |
| 2020-02-01 | $340,900 (3.4%) | $460,632 (4.7%) | 1.12 | 5,750 |
| 2020-03-01 | $349,950 (2.5%) | $478,124 (3.6%) | 1.10 | 5,977 |
| 2020-04-01 | $340,500 (-2.7%) | $459,847 (-3.2%) | 1.07 | 6,502 |
| 2020-05-01 | $352,975 (-0.8%) | $485,048 (1.3%) | 1.07 | 6,266 |
| 2020-06-01 | $367,430 (2.6%) | $509,490 (6.6%) | 1.08 | 5,334 |
| 2020-07-01 | $369,450 (5.6%) | $513,583 (12.2%) | 1.07 | 4,733 |
| 2020-08-01 | $369,900 (7.2%) | $516,261 (13.4%) | 1.06 | 4,559 |
| 2020-09-01 | $373,591 (10.1%) | $520,552 (13.8%) | 1.07 | 4,442 |
| 2020-10-01 | $368,732 (9.9%) | $516,090 (14.7%) | 1.06 | 4,333 |
| 2020-11-01 | $374,950 (12.0%) | $520,068 (19.4%) | 1.10 | 4,042 |
| 2020-12-01 | $372,244 (10.8%) | $513,485 (17.5%) | 1.11 | 3,532 |
| 2021-01-01 | $367,500 (9.2%) | $508,713 (14.7%) | 1.10 | 3,036 |
| 2021-02-01 | $362,500 (6.3%) | $511,186 (11.0%) | 1.06 | 2,639 |
| 2021-03-01 | $375,079 (7.2%) | $545,249 (14.0%) | 1.06 | 2,330 |
| 2021-04-01 | $385,000 (13.1%) | $554,142 (20.5%) | 1.04 | 2,312 |
| 2021-05-01 | $389,000 (10.2%) | $550,274 (13.5%) | 1.03 | 2,457 |
| 2021-06-01 | $388,770 (5.8%) | $541,856 (6.4%) | 1.02 | 2,784 |
| 2021-07-01 | $385,983 (4.5%) | $527,944 (2.8%) | 1.02 | 3,060 |
| 2021-08-01 | $388,044 (4.9%) | $517,015 (0.2%) | 1.03 | 3,243 |
| 2021-09-01 | $389,180 (4.2%) | $524,253 (0.7%) | 1.04 | 3,270 |
| 2021-10-01 | $398,400 (8.1%) | $525,226 (1.8%) | 1.06 | 3,216 |
| 2021-11-01 | $399,250 (6.5%) | $521,501 (0.3%) | 1.07 | 3,030 |
| 2021-12-01 | $392,000 (5.3%) | $519,994 (1.3%) | 1.06 | 2,549 |
| 2022-01-01 | $399,500 (8.7%) | $529,121 (4.0%) | 1.08 | 2,097 |
| 2022-02-01 | $398,000 (9.8%) | $550,148 (7.6%) | 1.04 | 1,801 |
| 2022-03-01 | $404,000 (7.7%) | $559,327 (2.6%) | 1.01 | 1,894 |
| 2022-04-01 | $415,000 (7.8%) | $582,518 (5.1%) | 0.99 | 2,133 |
| 2022-05-01 | $432,474 (11.2%) | $597,038 (8.5%) | 0.99 | 2,879 |
| 2022-06-01 | $445,450 (14.6%) | $597,243 (10.2%) | 0.99 | 3,649 |
| 2022-07-01 | $432,000 (11.9%) | $578,406 (9.6%) | 0.97 | 4,964 |
| 2022-08-01 | $425,000 (9.5%) | $567,924 (9.9%) | 0.98 | 5,334 |
| 2022-09-01 | $420,500 (8.1%) | $567,757 (8.3%) | 0.98 | 5,391 |
| 2022-10-01 | $415,000 (4.2%) | $552,120 (5.1%) | 0.98 | 5,672 |
| 2022-11-01 | $403,923 (1.2%) | $540,255 (3.6%) | 0.97 | 5,925 |
| 2022-12-01 | $396,795 (1.2%) | $528,064 (1.6%) | 0.98 | 5,429 |
| 2023-01-01 | $395,000 (-1.1%) | $528,793 (-0.1%) | 0.98 | 4,916 |
| 2023-02-01 | $397,324 (-0.2%) | $540,358 (-1.8%) | 0.96 | 4,367 |
| 2023-03-01 | $401,784 (-0.6%) | $556,878 (-0.4%) | 0.95 | 4,088 |
| 2023-04-01 | $425,000 (2.4%) | $590,203 (1.3%) | 0.99 | 4,010 |
| 2023-05-01 | $434,881 (0.6%) | $624,514 (4.6%) | 0.99 | 3,964 |
| 2023-06-01 | $440,725 (-1.1%) | $642,110 (7.5%) | 0.99 | 4,109 |
| 2023-07-01 | $439,900 (1.8%) | $635,874 (9.9%) | 1.00 | 4,234 |
| 2023-08-01 | $429,736 (1.1%) | $620,073 (9.2%) | 0.99 | 4,400 |
| 2023-09-01 | $425,000 (1.1%) | $618,632 (9.0%) | 0.99 | 4,628 |
| 2023-10-01 | $420,945 (1.4%) | $601,747 (9.0%) | 0.99 | 5,105 |
| 2023-11-01 | $414,945 (2.7%) | $587,819 (8.8%) | 0.99 | 5,284 |
| 2023-12-01 | $400,000 (0.8%) | $572,924 (8.5%) | 0.98 | 5,014 |
| 2024-01-01 | $400,000 (1.3%) | $576,167 (9.0%) | 0.98 | 4,621 |
| 2024-02-01 | $400,000 (0.7%) | $590,764 (9.3%) | 0.96 | 4,563 |
| 2024-03-01 | $411,000 (2.3%) | $597,183 (7.2%) | 0.97 | 4,896 |
| 2024-04-01 | $422,450 (-0.6%) | $623,511 (5.6%) | 0.98 | 5,287 |
| 2024-05-01 | $435,000 (0.0%) | $643,778 (3.1%) | 0.99 | 5,642 |
| 2024-06-01 | $440,000 (-0.2%) | $643,094 (0.2%) | 1.00 | 6,127 |
| 2024-07-01 | $439,000 (-0.2%) | $624,560 (-1.8%) | 1.00 | 6,752 |
| 2024-08-01 | $435,000 (1.2%) | $621,049 (0.2%) | 1.01 | 7,146 |
| 2024-09-01 | $430,000 (1.2%) | $615,857 (-0.5%) | 1.01 | 7,451 |
| 2024-10-01 | $429,947 (2.1%) | $603,537 (0.3%) | 1.01 | 7,456 |
| 2024-11-01 | $428,750 (3.3%) | $598,623 (1.8%) | 1.03 | 7,268 |
| 2024-12-01 | $422,450 (5.6%) | $583,462 (1.8%) | 1.05 | 6,698 |
| 2025-01-01 | $420,000 (5.0%) | $576,435 (0.1%) | 1.05 | 6,379 |
| 2025-02-01 | $419,475 (4.9%) | $570,421 (-3.4%) | 1.02 | 6,647 |
| 2025-03-01 | $425,000 (3.4%) | $590,574 (-1.1%) | 1.00 | 7,219 |
| 2025-04-01 | $439,500 (4.0%) | $613,193 (-1.7%) | 1.02 | 8,088 |
| 2025-05-01 | $450,000 (3.5%) | $635,349 (-1.3%) | 1.02 | 8,824 |
| 2025-06-01 | $454,500 (3.3%) | $634,312 (-1.4%) | 1.03 | 9,410 |
Charlotte's median listing price comes in at 103% of the national average.
Charlotte's average listing price for 2025-06-01 was $634,312, a difference of $-8,782 (-1.4%) versus the prior year and $-1,037 versus the prior month.
For the 2025-06-01 period, Charlotte had 9,410 MLS listings, a difference of 586 listings (7%) versus the prior month and 3,283 listings (54%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Charlotte (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 79 days | 2,575 sqft |
| 2018-02-01 | 69 days | 2,556 sqft |
| 2018-03-01 | 46 days | 2,622 sqft |
| 2018-04-01 | 45 days | 2,639 sqft |
| 2018-05-01 | 45 days | 2,650 sqft |
| 2018-06-01 | 46 days | 2,650 sqft |
| 2018-07-01 | 50 days | 2,601 sqft |
| 2018-08-01 | 51 days | 2,560 sqft |
| 2018-09-01 | 56 days | 2,540 sqft |
| 2018-10-01 | 59 days | 2,500 sqft |
| 2018-11-01 | 59 days | 2,467 sqft |
| 2018-12-01 | 65 days | 2,432 sqft |
| 2019-01-01 | 72 days | 2,415 sqft |
| 2019-02-01 | 63 days | 2,423 sqft |
| 2019-03-01 | 51 days | 2,480 sqft |
| 2019-04-01 | 46 days | 2,518 sqft |
| 2019-05-01 | 46 days | 2,557 sqft |
| 2019-06-01 | 47 days | 2,546 sqft |
| 2019-07-01 | 50 days | 2,481 sqft |
| 2019-08-01 | 50 days | 2,435 sqft |
| 2019-09-01 | 52 days | 2,406 sqft |
| 2019-10-01 | 53 days | 2,387 sqft |
| 2019-11-01 | 56 days | 2,362 sqft |
| 2019-12-01 | 64 days | 2,359 sqft |
| 2020-01-01 | 70 days | 2,334 sqft |
| 2020-02-01 | 57 days | 2,356 sqft |
| 2020-03-01 | 38 days | 2,388 sqft |
| 2020-04-01 | 41 days | 2,327 sqft |
| 2020-05-01 | 52 days | 2,409 sqft |
| 2020-06-01 | 45 days | 2,437 sqft |
| 2020-07-01 | 42 days | 2,424 sqft |
| 2020-08-01 | 37 days | 2,384 sqft |
| 2020-09-01 | 33 days | 2,356 sqft |
| 2020-10-01 | 35 days | 2,278 sqft |
| 2020-11-01 | 41 days | 2,236 sqft |
| 2020-12-01 | 47 days | 2,194 sqft |
| 2021-01-01 | 47 days | 2,190 sqft |
| 2021-02-01 | 30 days | 2,056 sqft |
| 2021-03-01 | 28 days | 2,076 sqft |
| 2021-04-01 | 25 days | 2,096 sqft |
| 2021-05-01 | 22 days | 2,109 sqft |
| 2021-06-01 | 22 days | 2,086 sqft |
| 2021-07-01 | 24 days | 2,058 sqft |
| 2021-08-01 | 25 days | 2,047 sqft |
| 2021-09-01 | 28 days | 2,060 sqft |
| 2021-10-01 | 30 days | 2,046 sqft |
| 2021-11-01 | 31 days | 2,041 sqft |
| 2021-12-01 | 38 days | 1,985 sqft |
| 2022-01-01 | 39 days | 1,986 sqft |
| 2022-02-01 | 26 days | 1,961 sqft |
| 2022-03-01 | 17 days | 1,978 sqft |
| 2022-04-01 | 17 days | 1,994 sqft |
| 2022-05-01 | 20 days | 2,045 sqft |
| 2022-06-01 | 26 days | 2,105 sqft |
| 2022-07-01 | 30 days | 2,085 sqft |
| 2022-08-01 | 36 days | 2,083 sqft |
| 2022-09-01 | 43 days | 2,080 sqft |
| 2022-10-01 | 44 days | 2,048 sqft |
| 2022-11-01 | 47 days | 2,017 sqft |
| 2022-12-01 | 57 days | 1,960 sqft |
| 2023-01-01 | 67 days | 1,939 sqft |
| 2023-02-01 | 55 days | 1,951 sqft |
| 2023-03-01 | 42 days | 1,968 sqft |
| 2023-04-01 | 39 days | 2,016 sqft |
| 2023-05-01 | 39 days | 2,056 sqft |
| 2023-06-01 | 38 days | 2,078 sqft |
| 2023-07-01 | 39 days | 2,089 sqft |
| 2023-08-01 | 38 days | 2,050 sqft |
| 2023-09-01 | 40 days | 2,031 sqft |
| 2023-10-01 | 39 days | 2,000 sqft |
| 2023-11-01 | 43 days | 1,946 sqft |
| 2023-12-01 | 53 days | 1,911 sqft |
| 2024-01-01 | 59 days | 1,890 sqft |
| 2024-02-01 | 45 days | 1,886 sqft |
| 2024-03-01 | 38 days | 1,918 sqft |
| 2024-04-01 | 37 days | 1,952 sqft |
| 2024-05-01 | 35 days | 2,020 sqft |
| 2024-06-01 | 40 days | 2,023 sqft |
| 2024-07-01 | 41 days | 2,015 sqft |
| 2024-08-01 | 44 days | 2,025 sqft |
| 2024-09-01 | 48 days | 2,011 sqft |
| 2024-10-01 | 53 days | 1,991 sqft |
| 2024-11-01 | 55 days | 1,961 sqft |
| 2024-12-01 | 63 days | 1,929 sqft |
| 2025-01-01 | 67 days | 1,918 sqft |
| 2025-02-01 | 56 days | 1,904 sqft |
| 2025-03-01 | 43 days | 1,925 sqft |
| 2025-04-01 | 42 days | 1,982 sqft |
| 2025-05-01 | 44 days | 2,030 sqft |
| 2025-06-01 | 48 days | 2,039 sqft |
Charlotte's median square footage for active listings during the 2025-06-01 period was 2,039 sqft. One year prior, the average listing was 2,023 sqft.