Durham FHA Loan Rates, Closing Costs & Stats

DURHAM-CHAPEL HILL, NC

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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.

    Durham's 138 lenders originated 967 FHA loans during 2023. The total origination value was $279,765,000, with an average FHA loan value of $289,312.

    Durham FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Durham averaged 6.26% for the week of 2025-02-14, compared to the national average (all FHA variants) of 6.515% for the same period.

    Durham's average FHA mortgage closing costs are $8,304.

    The average rate for the prior week (2025-02-07) was 6.18% and one month ago for the week of 2025-01-10, the average rate was 6.14%.

    The average rate one year ago was 6.26%.

    For refis of the same type during the week of 2025-02-14, the average rate was 6.32%.

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

    Durham 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 Durham level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    QUICKEN LOANS, LLC 113 6.19% $13,168
    UNITED WHOLESALE MORTGAGE, LLC 62 6.07% $14,668
    LOANDEPOT.COM, LLC 61 6.11% $10,147
    MOVEMENT MORTGAGE, LLC 33 6.53% $11,778
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 27 6.82% $10,677
    CORNERSTONE HOME LENDING, INC. 25 6.74% $12,120
    NVR Mortgage Finance, Inc. 23 5.86% $12,983
    BROKER SOLUTIONS, INC. 22 6.77% $12,057
    Mr. Cooper ( Nationstar Mortgage ) 19 6.01% $17,480
    PENNYMAC LOAN SERVICES, LLC 18 6.13% $15,978
    CROSSCOUNTRY MORTGAGE, LLC 18 6.84% $14,153
    Prosperity Home Mortgage, LLC 15 6.59% $11,761
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 15 6.65% $11,582
    EAGLE HOME MORTGAGE, LLC 12 5.58% $8,603
    CARDINAL FINANCIAL 12 6.02% $16,087
    INTERCOASTAL MORTGAGE COMPANY 12 6.61% $9,566
    Carrington Mortgage Services, LLC 12 6.34% $12,540
    FREEDOM MORTGAGE CORPORATION 12 6.65% $14,257
    NEWREZ LLC 11 6.20% $13,162
    UNION HOME MORTGAGE CORP. 10 6.89% $10,232
    DHI MORTGAGE COMPANY, LTD. 10 5.16% $7,796
    CMG MORTGAGE, INC. 10 6.64% $10,309
    MUTUAL OF OMAHA MORTGAGE, INC. 9 6.44% $13,646
    AMERISAVE MORTGAGE CORPORATION 9 6.15% $16,280
    Corporate Investors Mortgage Group, Inc. 8 6.72% $11,846
    VELOCIO MORTGAGE L.L.C. 7 6.21% $15,366
    ACADEMY MORTGAGE CORPORATION 7 7.07% $10,921
    Towne Mortgage of the Carolinas, LLC 6 6.88% $12,366
    GoPrime Mortgage, Inc. 6 6.71% $14,455
    The Federal Savings Bank 6 6.79% $13,204
    T2 FINANCIAL LLC 6 6.94% $13,817
    PRIMELENDING, A PLAINSCAPITAL COMPANY 6 6.77% $15,579
    American Security Mortgage Corp. 6 6.06% $12,610
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 6 7.00% $11,879
    PLANET HOME LENDING, LLC 5 5.78% $12,682
    KBHS HOME LOANS, LLC 5 5.98% $17,794
    Alcova Mortgage LLC 5 6.60% $8,392
    GUARANTEED RATE, INC. 5 6.32% $14,346
    Lakeview Community Capital, LLC 5 5.85% $11,452
    LOANPAL, LLC 5 6.07% $13,899
    EMM LOANS LLC 5 6.18% $15,946
    Ameris Bank 5 6.35% $14,960
    The Central Trust Bank 5 6.90% $9,501
    Northpointe Bank 5 6.68% $10,752
    Victorian Finance, LLC 4 6.84% $10,629
    HOMEBRIDGE FINANCIAL SERVICES, INC. 4 5.81% $10,882
    MILEND, INC. 4 6.44% $14,598
    TOP FLITE FINANCIAL, INC. 4 6.59% $17,849
    Keystone Funding, Inc. 4 6.22% $7,850
    NFM, INC. 4 6.63% $14,585
    First Heritage Mortgage, LLC 4 6.41% $9,523
    Mortgage Research Center, LLC 4 6.81% $12,860
    ZILLOW HOME LOANS, LLC 4 5.81% $13,275
    Truist 4 5.78% $15,526
    MICHIGAN MUTUAL, INC. 3 5.17% $15,574
    AMERICAN FINANCIAL NETWORK, INC. 3 8.04% $13,250
    AMERICAN FINANCIAL RESOURCES, INC. 3 5.08% $12,170
    AmeriHome Mortgage Company, LLC 3 6.67% $10,070
    Barrington Bank & Trust Company, N.A. 3 7.08% $11,617
    BAY EQUITY LLC 3 6.71% $13,925
    Blue Ridge Bank 3 6.25% $8,153
    CALCON MUTUAL MORTGAGE LLC 3 7.29% $14,644
    LAKEVIEW LOAN SERVICING, LLC 3 6.42% $12,250
    M/I FINANCIAL, LLC 3 6.67% $13,891
    NTFN, INC. 3 6.17% $9,544
    Plains Commerce Bank 3 6.38% $16,457
    PULTE MORTGAGE LLC 3 5.75% $12,691
    SOUTHERN TRUST MORTGAGE, LLC 3 6.71% $14,322
    The Fidelity Bank 3 7.21% $10,675
    Towne Bank 3 6.71% $13,823
    AMERICAN FINANCING CORPORATION 2 6.75% $12,391
    Equity Prime Mortgage LLC 2 6.94% $9,747
    PLAZA HOME MORTGAGE, INC. 2 6.94% $11,201
    Fifth Third Bank 2 7.25% $7,503
    Flagstar Bank, FSB 2 7.06% $9,665
    VILLAGE CAPITAL MORTGAGE 2 5.76% $12,972
    Bank of America 2 6.63% $7,852
    Encompass Lending Group, LP 2 6.13% $11,583
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 2 6.87% $14,230
    ALLIED MORTGAGE GROUP, INC. 2 7.13% $9,560
    Integrity Home Mortgage Corp 2 6.44% $10,830
    SUN WEST MORTGAGE COMPANY, INC. 2 6.56% $16,311
    Paramount Residential Mortgage Group, Inc. 2 6.13% $11,987
    EQUITY RESOURCES, INC. 2 7.24% $8,972
    HOMESIDE FINANCIAL, LLC 2 6.94% $13,060
    FIRST HOME MORTGAGE CORPORATION 2 6.19% $13,753
    RELIANCE FIRST CAPITAL, LLC 2 6.69% $9,558
    Pinnacle Bank 1 6.13% $5,008
    VERITAS FUNDING, LLC 1 6.75% $16,958
    PNC Bank 1 6.25% $9,944
    PRIMARY RESIDENTIAL MORTGAGE, INC. 1 6.25% $10,922
    DELMAR FINANCIAL COMPANY 1 7.13% $8,513
    DAS Acquisition Company, LLC 1 6.75% $6,076
    RAPID MORTGAGE COMPANY 1 7.00% $25,614
    Regions Bank 1 5.63% $9,885
    Renasant Bank 1 6.75% $13,735
    Residential Mortgage Solutions, Inc. 1 6.75% $16,243
    RUOFF MORTGAGE COMPANY, INC. 1 6.25% $10,421
    SeaTrust Mortgage Company 1 7.38% $9,258
    Shamrock Home Loans, Inc. 1 5.38% $10,511
    SOVEREIGN LENDING GROUP INCORPORATED 1 5.75% $11,416
    STOCKTON MORTGAGE CORPORATION 1 6.75% $10,363
    SUCCESS MORTGAGE PARTNERS, INC. 1 7.13% $9,691
    SWBC MORTGAGE CORPORATION 1 7.75% $7,016
    CONTOUR MORTGAGE CORPORATION 1 5.75% $19,414
    CHURCHILL MORTGAGE CORPORATION 1 6.13% $9,281
    Century Mortgage Company DBA Century Lending Company 1 6.75% $16,038
    Wolfe Financial, Inc 1 7.75% $11,215
    Centennial Bank 1 8.13% $13,585
    ACOPIA, LLC 1 6.88% $13,050
    TOWNE MORTGAGE COMPANY 1 5.75% $7,944
    BETTER MORTGAGE CORPORATION 1 6.13% $8,949
    TruHome Solutions, LLC 1 6.13% $7,050
    Arvest Bank 1 5.50% $12,094
    United Community Bank 1 7.13% $21,915
    LADERA LENDING, INC. 1 6.63% $14,387
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 7.25% $13,933
    LEADERONE FINANCIAL CORPORATION 1 6.25% $10,041
    HOMESPIRE MORTGAGE CORPORATION 1 7.25% $7,266
    Magnolia Bank 1 6.13% $13,400
    MIDLAND MORTGAGE CORPORATION 1 6.75% $8,055
    ABSOLUTE HOME MORTGAGE CORPORATION 1 6.25% $27,666
    U.S. Bank 1 6.75% $11,214
    MORTGAGE EQUITY PARTNERS LLC 1 7.25% $32,898
    FLAT BRANCH MORTGAGE, INC. 1 6.75% $8,408
    MORTGAGE SOLUTIONS OF COLORADO, LLC 1 6.75% $21,649
    First Horizon Bank 1 6.50% $9,014
    Nations Lending Corporation 1 6.13% $12,950
    NATIONWIDE MORTGAGE BANKERS, INC. 1 6.25% $12,557
    NETWORK CAPITAL FUNDING CORPORATION 1 7.13% $11,350
    NEW DAY FINANCIAL, LLC 1 7.00% $2,092
    First Financial Bank 1 6.63% $10,624
    First-Citizens Bank & Trust Company 1 6.88% $6,828
    North American Savings Bank, F.S.B. 1 5.50% $12,335
    FIRST ALLIANCE HOME MORTGAGE, LLC 1 6.75% $13,478
    North State Bank 1 6.75% $7,238
    OCEANSIDE MORTGAGE COMPANY 1 6.00% $4,719
    OCMBC, INC. 1 7.25% $11,111

    The top Durham FHA lender as defined by loan originations is QUICKEN LOANS, LLC, with 113 FHA loans originated. Their average total fees are $13,168, which is $1,500 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee Durham FHA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. ($7,796), EAGLE HOME MORTGAGE, LLC ($8,603), INTERCOASTAL MORTGAGE COMPANY ($9,566), LOANDEPOT.COM, LLC ($10,147) and UNION HOME MORTGAGE CORP. ($10,232).

    The lowest rate Durham FHA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (5.16%), EAGLE HOME MORTGAGE, LLC (5.58%), NVR Mortgage Finance, Inc. (5.86%), Mr. Cooper ( Nationstar Mortgage ) (6.01%) and CARDINAL FINANCIAL (6.02%).

    Durham FHA Loan Limits

    Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
    DURHAM-CHAPEL HILL, NC CHATHAM 2022 $506,000 $647,750 $783,000 $973,100
    DURHAM-CHAPEL HILL, NC DURHAM 2022 $506,000 $647,750 $783,000 $973,100
    DURHAM-CHAPEL HILL, NC GRANVILLE 2022 $506,000 $647,750 $783,000 $973,100
    DURHAM-CHAPEL HILL, NC ORANGE 2022 $506,000 $647,750 $783,000 $973,100
    DURHAM-CHAPEL HILL, NC PERSON 2022 $506,000 $647,750 $783,000 $973,100
    DURHAM-CHAPEL HILL, NC CHATHAM 2023 $602,600 $771,450 $932,500 $1,158,850
    DURHAM-CHAPEL HILL, NC DURHAM 2023 $602,600 $771,450 $932,500 $1,158,850
    DURHAM-CHAPEL HILL, NC GRANVILLE 2023 $602,600 $771,450 $932,500 $1,158,850
    DURHAM-CHAPEL HILL, NC ORANGE 2023 $602,600 $771,450 $932,500 $1,158,850
    DURHAM-CHAPEL HILL, NC PERSON 2023 $602,600 $771,450 $932,500 $1,158,850

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Durham (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 $387,000 (9.8%) $489,698 (11.7%) 1.40 1,249
    2018-02-01 $399,950 (9.1%) $500,519 (12.1%) 1.42 1,227
    2018-03-01 $400,000 (6.8%) $500,578 (9.2%) 1.39 1,412
    2018-04-01 $410,000 (3.7%) $513,255 (6.8%) 1.36 1,460
    2018-05-01 $409,857 (2.5%) $526,113 (7.6%) 1.33 1,509
    2018-06-01 $400,000 (0.0%) $518,234 (6.6%) 1.30 1,578
    2018-07-01 $397,653 (-0.3%) $500,712 (2.3%) 1.28 1,665
    2018-08-01 $390,000 (-1.2%) $492,937 (1.6%) 1.27 1,695
    2018-09-01 $389,900 (-0.3%) $491,431 (0.9%) 1.28 1,739
    2018-10-01 $388,097 (0.2%) $488,928 (0.4%) 1.28 1,764
    2018-11-01 $387,350 (-0.4%) $483,224 (-1.1%) 1.27 1,700
    2018-12-01 $384,500 (-0.1%) $481,248 (-1.7%) 1.29 1,555
    2019-01-01 $375,000 (-3.1%) $470,197 (-4.0%) 1.24 1,409
    2019-02-01 $385,000 (-3.7%) $482,149 (-3.7%) 1.27 1,366
    2019-03-01 $402,571 (0.6%) $498,873 (-0.3%) 1.27 1,459
    2019-04-01 $416,400 (1.6%) $510,118 (-0.6%) 1.27 1,556
    2019-05-01 $407,232 (-0.6%) $501,658 (-4.7%) 1.25 1,619
    2019-06-01 $408,500 (2.1%) $494,705 (-4.5%) 1.25 1,739
    2019-07-01 $401,500 (1.0%) $485,074 (-3.1%) 1.24 1,793
    2019-08-01 $395,836 (1.5%) $475,834 (-3.5%) 1.21 1,827
    2019-09-01 $389,741 (0.0%) $470,392 (-4.3%) 1.20 1,840
    2019-10-01 $385,000 (-0.8%) $466,215 (-4.7%) 1.19 1,846
    2019-11-01 $389,000 (0.4%) $465,925 (-3.6%) 1.22 1,741
    2019-12-01 $394,970 (2.7%) $468,302 (-2.7%) 1.27 1,552
    2020-01-01 $399,000 (6.4%) $473,307 (0.7%) 1.29 1,362
    2020-02-01 $414,900 (7.8%) $486,313 (0.9%) 1.31 1,274
    2020-03-01 $429,500 (6.7%) $512,293 (2.7%) 1.30 1,303
    2020-04-01 $405,475 (-2.6%) $489,534 (-4.0%) 1.24 1,352
    2020-05-01 $415,900 (2.1%) $489,831 (-2.4%) 1.21 1,366
    2020-06-01 $423,750 (3.7%) $513,354 (3.8%) 1.23 1,281
    2020-07-01 $429,765 (7.0%) $519,223 (7.0%) 1.21 1,212
    2020-08-01 $433,946 (9.6%) $524,700 (10.3%) 1.20 1,124
    2020-09-01 $435,000 (11.6%) $539,608 (14.7%) 1.20 1,037
    2020-10-01 $438,944 (14.0%) $555,737 (19.2%) 1.19 988
    2020-11-01 $435,874 (12.1%) $555,188 (19.2%) 1.19 943
    2020-12-01 $431,105 (9.2%) $567,478 (21.2%) 1.22 836
    2021-01-01 $425,000 (6.5%) $556,636 (17.6%) 1.19 715
    2021-02-01 $429,975 (3.6%) $579,381 (19.1%) 1.20 570
    2021-03-01 $436,201 (1.6%) $580,401 (13.3%) 1.22 540
    2021-04-01 $461,950 (13.9%) $620,691 (26.8%) 1.24 481
    2021-05-01 $450,000 (8.2%) $605,127 (23.5%) 1.18 452
    2021-06-01 $449,875 (6.2%) $615,849 (20.0%) 1.16 505
    2021-07-01 $449,900 (4.7%) $602,528 (16.0%) 1.16 570
    2021-08-01 $452,500 (4.3%) $597,296 (13.8%) 1.19 603
    2021-09-01 $455,000 (4.6%) $599,437 (11.1%) 1.20 640
    2021-10-01 $470,222 (7.1%) $616,541 (10.9%) 1.25 652
    2021-11-01 $461,485 (5.9%) $609,447 (9.8%) 1.21 595
    2021-12-01 $470,788 (9.2%) $623,467 (9.9%) 1.25 533
    2022-01-01 $469,950 (10.6%) $643,558 (15.6%) 1.24 454
    2022-02-01 $478,500 (11.3%) $662,585 (14.4%) 1.23 356
    2022-03-01 $491,200 (12.6%) $706,014 (21.6%) 1.19 371
    2022-04-01 $495,000 (7.2%) $689,032 (11.0%) 1.16 405
    2022-05-01 $501,971 (11.6%) $711,018 (17.5%) 1.13 566
    2022-06-01 $502,090 (11.6%) $689,398 (11.9%) 1.11 743
    2022-07-01 $501,716 (11.5%) $669,399 (11.1%) 1.12 929
    2022-08-01 $499,000 (10.3%) $666,112 (11.5%) 1.14 1,026
    2022-09-01 $465,019 (2.2%) $630,481 (5.2%) 1.08 1,149
    2022-10-01 $468,000 (-0.5%) $648,560 (5.2%) 1.09 1,237
    2022-11-01 $471,250 (2.1%) $665,893 (9.3%) 1.12 1,183
    2022-12-01 $460,950 (-2.1%) $670,518 (7.6%) 1.13 1,058
    2023-01-01 $472,945 (0.6%) $681,681 (5.9%) 1.16 898
    2023-02-01 $496,200 (3.7%) $719,374 (8.6%) 1.18 835
    2023-03-01 $529,725 (7.8%) $749,811 (6.2%) 1.23 828
    2023-04-01 $550,000 (11.1%) $762,299 (10.6%) 1.26 836
    2023-05-01 $542,475 (8.1%) $775,170 (9.0%) 1.21 866
    2023-06-01 $542,000 (8.0%) $774,283 (12.3%) 1.19 909
    2023-07-01 $549,000 (9.4%) $781,999 (16.8%) 1.22 926
    2023-08-01 $543,535 (8.9%) $774,625 (16.3%) 1.22 948
    2023-09-01 $500,000 (7.5%) $750,009 (19.0%) 1.16 1,063
    2023-10-01 $499,000 (6.6%) $748,254 (15.4%) 1.17 1,134
    2023-11-01 $497,450 (5.6%) $739,773 (11.1%) 1.17 1,098
    2023-12-01 $480,000 (4.1%) $727,317 (8.5%) 1.16 1,025
    2024-01-01 $489,675 (3.5%) $753,167 (10.5%) 1.17 883
    2024-02-01 $498,113 (0.4%) $760,821 (5.8%) 1.19 897
    2024-03-01 $529,000 (-0.1%) $780,620 (4.1%) 1.24 930
    2024-04-01 $533,378 (-3.0%) $787,269 (3.3%) 1.22 1,024
    2024-05-01 $542,000 (-0.1%) $797,885 (2.9%) 1.22 1,072
    2024-06-01 $525,000 (-3.1%) $757,387 (-2.2%) 1.18 1,160
    2024-07-01 $525,000 (-4.4%) $749,688 (-4.1%) 1.18 1,197
    2024-08-01 $515,000 (-5.3%) $739,634 (-4.5%) 1.16 1,245
    2024-09-01 $518,080 (3.6%) $737,637 (-1.7%) 1.18 1,302
    2024-10-01 $499,900 (0.2%) $729,561 (-2.5%) 1.16 1,350
    2024-11-01 $485,000 (-2.5%) $718,042 (-2.9%) 1.15 1,353
    2024-12-01 $477,000 (-0.6%) $699,035 (-3.9%) 1.16 1,205
    2025-01-01 $474,450 (-3.1%) $706,131 (-6.3%) 0.00 1,111
    Durham's median listing price for 2025-01-01 was $474,450, a difference of $-15,225 (-3.1%) versus the prior year and $-2,550 versus the prior month.

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

    Durham's average listing price for 2025-01-01 was $706,131, a difference of $-47,036 (-6.3%) versus the prior year and $7,096 versus the prior month.

    For the 2025-01-01 period, Durham had 1,111 MLS listings, a difference of -94 listings (-8%) versus the prior month and 228 listings (26%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Durham (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 87 days 2,442 sqft
    2018-02-01 72 days 2,468 sqft
    2018-03-01 44 days 2,478 sqft
    2018-04-01 47 days 2,504 sqft
    2018-05-01 50 days 2,493 sqft
    2018-06-01 51 days 2,458 sqft
    2018-07-01 53 days 2,458 sqft
    2018-08-01 56 days 2,413 sqft
    2018-09-01 66 days 2,376 sqft
    2018-10-01 68 days 2,367 sqft
    2018-11-01 75 days 2,327 sqft
    2018-12-01 82 days 2,297 sqft
    2019-01-01 89 days 2,238 sqft
    2019-02-01 79 days 2,294 sqft
    2019-03-01 57 days 2,354 sqft
    2019-04-01 47 days 2,406 sqft
    2019-05-01 47 days 2,401 sqft
    2019-06-01 50 days 2,339 sqft
    2019-07-01 56 days 2,263 sqft
    2019-08-01 59 days 2,242 sqft
    2019-09-01 62 days 2,247 sqft
    2019-10-01 65 days 2,250 sqft
    2019-11-01 68 days 2,286 sqft
    2019-12-01 79 days 2,238 sqft
    2020-01-01 82 days 2,200 sqft
    2020-02-01 72 days 2,251 sqft
    2020-03-01 48 days 2,354 sqft
    2020-04-01 49 days 2,217 sqft
    2020-05-01 56 days 2,218 sqft
    2020-06-01 58 days 2,321 sqft
    2020-07-01 52 days 2,332 sqft
    2020-08-01 50 days 2,300 sqft
    2020-09-01 52 days 2,363 sqft
    2020-10-01 51 days 2,300 sqft
    2020-11-01 49 days 2,288 sqft
    2020-12-01 53 days 2,236 sqft
    2021-01-01 58 days 2,205 sqft
    2021-02-01 38 days 2,204 sqft
    2021-03-01 25 days 2,160 sqft
    2021-04-01 25 days 2,214 sqft
    2021-05-01 19 days 2,116 sqft
    2021-06-01 16 days 2,074 sqft
    2021-07-01 22 days 2,056 sqft
    2021-08-01 27 days 2,056 sqft
    2021-09-01 28 days 2,043 sqft
    2021-10-01 29 days 2,106 sqft
    2021-11-01 31 days 1,998 sqft
    2021-12-01 39 days 1,946 sqft
    2022-01-01 52 days 1,903 sqft
    2022-02-01 38 days 1,887 sqft
    2022-03-01 17 days 1,959 sqft
    2022-04-01 15 days 1,998 sqft
    2022-05-01 16 days 2,004 sqft
    2022-06-01 18 days 2,035 sqft
    2022-07-01 24 days 2,061 sqft
    2022-08-01 32 days 2,080 sqft
    2022-09-01 44 days 2,040 sqft
    2022-10-01 50 days 2,069 sqft
    2022-11-01 58 days 2,086 sqft
    2022-12-01 69 days 2,070 sqft
    2023-01-01 74 days 2,080 sqft
    2023-02-01 61 days 2,137 sqft
    2023-03-01 45 days 2,226 sqft
    2023-04-01 42 days 2,236 sqft
    2023-05-01 39 days 2,179 sqft
    2023-06-01 40 days 2,133 sqft
    2023-07-01 44 days 2,178 sqft
    2023-08-01 44 days 2,200 sqft
    2023-09-01 43 days 2,161 sqft
    2023-10-01 47 days 2,158 sqft
    2023-11-01 52 days 2,117 sqft
    2023-12-01 64 days 2,025 sqft
    2024-01-01 61 days 2,015 sqft
    2024-02-01 44 days 2,013 sqft
    2024-03-01 37 days 2,153 sqft
    2024-04-01 39 days 2,143 sqft
    2024-05-01 37 days 2,183 sqft
    2024-06-01 38 days 2,139 sqft
    2024-07-01 48 days 2,093 sqft
    2024-08-01 51 days 2,075 sqft
    2024-09-01 53 days 2,084 sqft
    2024-10-01 52 days 2,041 sqft
    2024-11-01 56 days 2,012 sqft
    2024-12-01 65 days 1,975 sqft
    2025-01-01 0 days 1,943 sqft
    Durham'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.

    Durham's median square footage for active listings during the 2025-01-01 period was 1,943 sqft. One year prior, the average listing was 2,015 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).