Goldsboro FHA Loan Rates, Closing Costs & Stats

GOLDSBORO, 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.

    Goldsboro's 79 lenders originated 436 FHA loans during 2024. The total origination value was $101,380,000, with an average FHA loan value of $232,523.

    Goldsboro FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Goldsboro averaged 6.12% for the week of 2025-04-04, compared to the national average (all FHA variants) of 6.259% for the same period.

    Goldsboro's average FHA mortgage closing costs are $7,674.

    The average rate for the prior week (2025-03-28) was 6.42% and one month ago for the week of 2025-02-28, the average rate was 6.5%.

    The average rate one year ago was 6.52%.

    For refis of the same type during the week of 2025-04-04, the average rate was 5.9%.

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

    Goldsboro 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 Goldsboro level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 60 6.56% $10,261
    QUICKEN LOANS, LLC 39 6.20% $10,411
    UNITED WHOLESALE MORTGAGE, LLC 25 5.99% $11,295
    MOVEMENT MORTGAGE, LLC 24 6.63% $10,202
    American Security Mortgage Corp. 23 6.47% $8,892
    CORNERSTONE HOME LENDING, INC. 21 6.22% $11,343
    MICHIGAN MUTUAL, INC. 12 6.58% $7,668
    VELOCIO MORTGAGE L.L.C. 12 4.87% $6,667
    CROSSCOUNTRY MORTGAGE, LLC 12 6.54% $10,468
    Equity Prime Mortgage LLC 11 6.72% $10,215
    LOANDEPOT.COM, LLC 10 6.54% $10,292
    FBC MORTGAGE, LLC 10 6.17% $13,039
    FREEDOM MORTGAGE CORPORATION 9 6.32% $12,420
    DHI MORTGAGE COMPANY, LTD. 7 5.16% $6,986
    Residential Acceptance Corporation 7 7.73% $7,004
    Truist 5 6.25% $8,497
    Alcova Mortgage LLC 5 6.32% $8,302
    PENNYMAC LOAN SERVICES, LLC 5 5.78% $7,374
    Carrington Mortgage Services, LLC 4 6.25% $9,593
    VILLAGE CAPITAL MORTGAGE 4 6.03% $6,538
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 4 6.75% $7,848
    GUILD MORTGAGE COMPANY 4 6.03% $10,615
    SUMMIT FUNDING, INC. 4 6.56% $7,429
    T2 FINANCIAL LLC 4 6.91% $7,989
    NFM, INC. 4 6.78% $7,743
    GoPrime Mortgage, Inc. 3 6.54% $11,986
    Integrity Home Mortgage Corp 3 6.42% $8,309
    The Federal Savings Bank 3 6.13% $11,810
    RELIANCE FIRST CAPITAL, LLC 3 6.54% $9,712
    STOCKTON MORTGAGE CORPORATION 3 6.83% $9,266
    PRIMARY RESIDENTIAL MORTGAGE, INC. 3 6.71% $6,721
    SUN WEST MORTGAGE COMPANY, INC. 3 5.71% $11,503
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 2 5.94% $12,139
    EQUITY RESOURCES, INC. 2 6.75% $8,447
    PLANET HOME LENDING, LLC 2 6.94% $8,478
    GUARANTEED RATE, INC. 2 5.94% $12,511
    TOWNE MORTGAGE COMPANY 2 5.69% $9,203
    Lakeview Community Capital, LLC 2 6.50% $6,490
    UNION HOME MORTGAGE CORP. 2 5.75% $14,824
    Wells Fargo Bank 2 5.81% $16,377
    Mr. Cooper ( Nationstar Mortgage ) 2 6.69% $12,328
    BROKER SOLUTIONS, INC. 2 6.31% $10,770
    ZILLOW HOME LOANS, LLC 1 6.25% $10,719
    AmeriHome Mortgage Company, LLC 1 6.50% $8,681
    AMERISAVE MORTGAGE CORPORATION 1 6.25% $12,478
    Ameris Bank 1 6.63% $7,972
    AMERITRUST MORTGAGE CORPORATION 1 6.00% $9,846
    BAYSHORE MORTGAGE FUNDING, LLC 1 6.50% $7,785
    Capital Bank 1 6.50% $13,970
    City Lending Inc. 1 6.50% $7,175
    CMG MORTGAGE, INC. 1 7.00% $10,099
    DELMAR FINANCIAL COMPANY 1 6.88% $7,801
    EMM LOANS LLC 1 6.63% $5,515
    Fifth Third Bank 1 6.50% $8,656
    First Bank 1 6.13% $7,237
    First-Citizens Bank & Trust Company 1 6.00% $4,357
    FIRST COMMUNITY MORTGAGE, INC. 1 5.75% $20,813
    HOMESPIRE MORTGAGE CORPORATION 1 6.63% $8,085
    INTERCOASTAL MORTGAGE COMPANY 1 6.50% $6,615
    LAKEVIEW LOAN SERVICING, LLC 1 7.50% $7,361
    MILEND, INC. 1 6.99% $11,654
    MORTGAGE SOLUTIONS OF COLORADO, LLC 1 6.50% $7,675
    MUTUAL OF OMAHA MORTGAGE, INC. 1 7.25% $11,587
    MYCUMORTGAGE, LLC 1 6.25% $8,726
    NEW DAY FINANCIAL, LLC 1 7.50% $11,717
    NEWREZ LLC 1 6.25% $9,751
    NP, Inc. 1 7.50% $16,636
    PANORAMA MORTGAGE GROUP, LLC 1 6.25% $8,031
    Paramount Residential Mortgage Group, Inc. 1 6.25% $13,803
    PLAZA HOME MORTGAGE, INC. 1 7.00% $6,129
    POLARIS HOME FUNDING CORP. 1 6.75% $13,155
    Regions Bank 1 7.00% $9,795
    RUOFF MORTGAGE COMPANY, INC. 1 6.13% $6,573
    SIRVA MORTGAGE, INC. 1 5.88% $1,136
    SOUTHEAST MORTGAGE OF GEORGIA, INC. 1 6.50% $9,526
    SOUTHERN TRUST MORTGAGE, LLC 1 6.75% $8,942
    Texana Bank 1 7.25% $5,321
    Towne Mortgage of the Carolinas, LLC 1 6.25% $9,342
    ABSOLUTE HOME MORTGAGE CORPORATION 1 6.63% $12,868

    The top Goldsboro FHA lender as defined by loan originations is ATLANTIC BAY MORTGAGE GROUP, L.L.C., with 60 FHA loans originated. Their average total fees are $10,261, which is $150 lower than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Goldsboro FHA lenders (with over 10 loans originated) are VELOCIO MORTGAGE L.L.C. ($6,667), MICHIGAN MUTUAL, INC. ($7,668), American Security Mortgage Corp. ($8,892), MOVEMENT MORTGAGE, LLC ($10,202) and Equity Prime Mortgage LLC ($10,215).

    The lowest rate Goldsboro FHA lenders (with over 10 loans originated) are VELOCIO MORTGAGE L.L.C. (4.87%), UNITED WHOLESALE MORTGAGE, LLC (5.99%), FBC MORTGAGE, LLC (6.17%), QUICKEN LOANS, LLC (6.20%) and CORNERSTONE HOME LENDING, INC. (6.22%).

    Goldsboro FHA Loan Limits

    Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
    GOLDSBORO, NC WAYNE 2022 $420,680 $538,650 $651,050 $809,150
    GOLDSBORO, NC WAYNE 2023 $472,030 $604,400 $730,525 $907,900

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Goldsboro (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 $168,750 (2.8%) $178,062 (-0.3%) 0.00 459
    2018-02-01 $165,225 (0.9%) $175,880 (-0.2%) 0.00 433
    2018-03-01 $165,000 (1.8%) $179,209 (1.6%) 0.00 387
    2018-04-01 $164,975 (0.0%) $180,249 (-0.3%) 0.00 407
    2018-05-01 $165,975 (-1.3%) $179,851 (-1.7%) 0.00 416
    2018-06-01 $167,000 (0.0%) $180,710 (-0.6%) 0.00 416
    2018-07-01 $167,850 (1.8%) $183,400 (1.3%) 0.00 433
    2018-08-01 $164,925 (1.2%) $180,848 (0.9%) 0.00 445
    2018-09-01 $169,900 (3.4%) $183,337 (3.3%) 0.00 444
    2018-10-01 $173,700 (6.3%) $186,384 (6.3%) 0.00 404
    2018-11-01 $169,225 (3.5%) $183,864 (4.8%) 0.00 384
    2018-12-01 $169,950 (0.6%) $185,596 (4.1%) 0.00 364
    2019-01-01 $169,900 (0.7%) $185,215 (4.0%) 0.00 336
    2019-02-01 $175,700 (6.3%) $190,239 (8.2%) 0.00 325
    2019-03-01 $184,014 (11.5%) $193,582 (8.0%) 0.00 307
    2019-04-01 $189,700 (15.0%) $197,815 (9.8%) 0.00 293
    2019-05-01 $191,400 (15.3%) $199,214 (10.8%) 0.00 290
    2019-06-01 $185,900 (11.3%) $195,873 (8.4%) 0.00 293
    2019-07-01 $182,450 (8.7%) $193,270 (5.4%) 0.00 289
    2019-08-01 $181,264 (9.9%) $191,168 (5.7%) 0.00 282
    2019-09-01 $183,309 (7.9%) $192,310 (4.9%) 0.00 287
    2019-10-01 $184,173 (6.0%) $192,785 (3.4%) 0.00 285
    2019-11-01 $189,500 (12.0%) $190,911 (3.8%) 0.00 261
    2019-12-01 $189,125 (11.3%) $187,392 (1.0%) 0.00 254
    2020-01-01 $190,450 (12.1%) $187,012 (1.0%) 0.00 233
    2020-02-01 $191,400 (8.9%) $190,219 (0.0%) 0.00 205
    2020-03-01 $189,725 (3.1%) $188,700 (-2.5%) 0.00 211
    2020-04-01 $186,200 (-1.9%) $185,019 (-6.5%) 0.00 201
    2020-05-01 $189,900 (-0.8%) $186,682 (-6.3%) 0.00 161
    2020-06-01 $193,425 (4.1%) $199,095 (1.6%) 0.00 179
    2020-07-01 $200,750 (10.0%) $201,673 (4.4%) 0.00 147
    2020-08-01 $187,500 (3.4%) $198,544 (3.9%) 0.00 140
    2020-09-01 $186,950 (2.0%) $203,270 (5.7%) 0.00 127
    2020-10-01 $180,000 (-2.3%) $201,634 (4.6%) 0.00 110
    2020-11-01 $185,445 (-2.1%) $206,390 (8.1%) 0.00 119
    2020-12-01 $191,225 (1.1%) $213,047 (13.7%) 0.00 106
    2021-01-01 $195,000 (2.4%) $208,538 (11.5%) 0.00 104
    2021-02-01 $183,675 (-4.0%) $214,813 (12.9%) 0.00 94
    2021-03-01 $197,975 (4.4%) $208,216 (10.3%) 0.00 83
    2021-04-01 $218,188 (17.2%) $227,797 (23.1%) 0.00 77
    2021-05-01 $239,900 (26.3%) $238,175 (27.6%) 0.00 93
    2021-06-01 $227,425 (17.6%) $239,154 (20.1%) 0.00 102
    2021-07-01 $210,000 (4.6%) $229,572 (13.8%) 0.00 122
    2021-08-01 $218,675 (16.6%) $224,678 (13.2%) 0.00 129
    2021-09-01 $180,850 (-3.3%) $200,159 (-1.5%) 0.00 119
    2021-10-01 $189,900 (5.5%) $202,325 (0.3%) 0.00 116
    2021-11-01 $184,800 (-0.4%) $221,344 (7.3%) 0.00 97
    2021-12-01 $201,250 (5.2%) $230,060 (8.0%) 0.00 102
    2022-01-01 $247,900 (27.1%) $254,541 (22.1%) 0.00 98
    2022-02-01 $234,950 (27.9%) $247,651 (15.3%) 0.00 77
    2022-03-01 $226,150 (14.2%) $245,303 (17.8%) 0.00 69
    2022-04-01 $260,000 (19.2%) $270,018 (18.5%) 0.00 69
    2022-05-01 $235,950 (-1.7%) $278,970 (17.1%) 0.00 121
    2022-06-01 $223,575 (-1.7%) $293,665 (22.8%) 0.00 149
    2022-07-01 $240,000 (14.3%) $292,088 (27.2%) 0.00 179
    2022-08-01 $252,250 (15.4%) $277,075 (23.3%) 0.00 186
    2022-09-01 $243,520 (34.7%) $272,629 (36.2%) 0.00 197
    2022-10-01 $249,900 (31.6%) $286,284 (41.5%) 0.00 170
    2022-11-01 $249,925 (35.2%) $276,568 (25.0%) 0.00 195
    2022-12-01 $262,900 (30.6%) $285,292 (24.0%) 0.00 188
    2023-01-01 $263,175 (6.2%) $284,509 (11.8%) 0.00 164
    2023-02-01 $283,200 (20.5%) $289,028 (16.7%) 0.00 150
    2023-03-01 $290,400 (28.4%) $290,938 (18.6%) 0.00 123
    2023-04-01 $300,900 (15.7%) $306,925 (13.7%) 0.00 112
    2023-05-01 $306,725 (30.0%) $311,102 (11.5%) 0.00 122
    2023-06-01 $296,173 (32.5%) $302,299 (2.9%) 0.00 130
    2023-07-01 $282,450 (17.7%) $303,271 (3.8%) 0.00 126
    2023-08-01 $285,500 (13.2%) $299,850 (8.2%) 0.00 150
    2023-09-01 $285,000 (17.0%) $322,586 (18.3%) 0.00 170
    2023-10-01 $289,400 (15.8%) $322,304 (12.6%) 0.00 201
    2023-11-01 $286,290 (14.6%) $318,392 (15.1%) 0.00 225
    2023-12-01 $289,000 (9.9%) $319,590 (12.0%) 0.00 241
    2024-01-01 $289,925 (10.2%) $320,290 (12.6%) 0.00 231
    2024-02-01 $287,725 (1.6%) $317,123 (9.7%) 0.00 222
    2024-03-01 $279,950 (-3.6%) $315,591 (8.5%) 0.00 226
    2024-04-01 $287,450 (-4.5%) $315,241 (2.7%) 0.00 228
    2024-05-01 $297,975 (-2.9%) $331,696 (6.6%) 0.00 236
    2024-06-01 $299,900 (1.3%) $339,692 (12.4%) 0.00 249
    2024-07-01 $298,000 (5.5%) $329,321 (8.6%) 0.00 273
    2024-08-01 $294,900 (3.3%) $324,147 (8.1%) 0.00 287
    2024-09-01 $291,400 (2.3%) $315,547 (-2.2%) 0.00 292
    2024-10-01 $289,450 (0.0%) $310,574 (-3.6%) 0.00 324
    2024-11-01 $285,060 (-0.4%) $307,544 (-3.4%) 0.00 343
    2024-12-01 $284,800 (-1.5%) $307,948 (-3.6%) 0.00 339
    2025-01-01 $289,650 (-0.1%) $305,585 (-4.6%) 0.00 318
    2025-02-01 $290,604 (1.0%) $308,312 (-2.8%) 0.00 315
    2025-03-01 $295,000 (5.4%) $309,977 (-1.8%) 0.00 338
    Goldsboro's median listing price for 2025-03-01 was $295,000, a difference of $15,050 (5.4%) versus the prior year and $4,396 versus the prior month.

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

    Goldsboro's average listing price for 2025-03-01 was $309,977, a difference of $-5,614 (-1.8%) versus the prior year and $1,665 versus the prior month.

    For the 2025-03-01 period, Goldsboro had 338 MLS listings, a difference of 23 listings (7%) versus the prior month and 112 listings (50%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Goldsboro (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,861 sqft
    2018-02-01 0 days 1,803 sqft
    2018-03-01 0 days 1,852 sqft
    2018-04-01 0 days 1,859 sqft
    2018-05-01 0 days 1,846 sqft
    2018-06-01 0 days 1,834 sqft
    2018-07-01 0 days 1,860 sqft
    2018-08-01 0 days 1,856 sqft
    2018-09-01 0 days 1,858 sqft
    2018-10-01 0 days 1,889 sqft
    2018-11-01 0 days 1,874 sqft
    2018-12-01 0 days 1,914 sqft
    2019-01-01 0 days 1,929 sqft
    2019-02-01 0 days 1,985 sqft
    2019-03-01 0 days 2,003 sqft
    2019-04-01 0 days 2,050 sqft
    2019-05-01 0 days 2,100 sqft
    2019-06-01 0 days 2,109 sqft
    2019-07-01 0 days 2,101 sqft
    2019-08-01 0 days 2,065 sqft
    2019-09-01 0 days 2,030 sqft
    2019-10-01 0 days 2,010 sqft
    2019-11-01 0 days 1,931 sqft
    2019-12-01 0 days 1,877 sqft
    2020-01-01 0 days 1,916 sqft
    2020-02-01 0 days 2,000 sqft
    2020-03-01 0 days 1,926 sqft
    2020-04-01 0 days 1,904 sqft
    2020-05-01 0 days 1,939 sqft
    2020-06-01 0 days 2,038 sqft
    2020-07-01 0 days 2,139 sqft
    2020-08-01 0 days 2,085 sqft
    2020-09-01 0 days 2,015 sqft
    2020-10-01 0 days 1,939 sqft
    2020-11-01 0 days 1,856 sqft
    2020-12-01 0 days 1,860 sqft
    2021-01-01 0 days 1,770 sqft
    2021-02-01 0 days 1,693 sqft
    2021-03-01 0 days 1,882 sqft
    2021-04-01 0 days 1,840 sqft
    2021-05-01 0 days 1,958 sqft
    2021-06-01 0 days 1,928 sqft
    2021-07-01 0 days 1,884 sqft
    2021-08-01 0 days 1,855 sqft
    2021-09-01 0 days 1,755 sqft
    2021-10-01 0 days 1,611 sqft
    2021-11-01 0 days 1,751 sqft
    2021-12-01 0 days 1,826 sqft
    2022-01-01 0 days 1,926 sqft
    2022-02-01 0 days 1,867 sqft
    2022-03-01 0 days 1,769 sqft
    2022-04-01 0 days 1,883 sqft
    2022-05-01 0 days 1,928 sqft
    2022-06-01 0 days 2,043 sqft
    2022-07-01 0 days 1,916 sqft
    2022-08-01 0 days 1,846 sqft
    2022-09-01 0 days 1,764 sqft
    2022-10-01 0 days 1,807 sqft
    2022-11-01 0 days 1,814 sqft
    2022-12-01 0 days 1,919 sqft
    2023-01-01 0 days 1,874 sqft
    2023-02-01 0 days 1,858 sqft
    2023-03-01 0 days 1,909 sqft
    2023-04-01 0 days 1,901 sqft
    2023-05-01 0 days 2,002 sqft
    2023-06-01 0 days 1,831 sqft
    2023-07-01 0 days 1,881 sqft
    2023-08-01 0 days 1,886 sqft
    2023-09-01 0 days 1,893 sqft
    2023-10-01 0 days 1,946 sqft
    2023-11-01 0 days 1,905 sqft
    2023-12-01 0 days 1,796 sqft
    2024-01-01 0 days 1,793 sqft
    2024-02-01 0 days 1,746 sqft
    2024-03-01 0 days 1,784 sqft
    2024-04-01 0 days 1,809 sqft
    2024-05-01 0 days 1,784 sqft
    2024-06-01 0 days 1,798 sqft
    2024-07-01 0 days 1,773 sqft
    2024-08-01 0 days 1,720 sqft
    2024-09-01 0 days 1,709 sqft
    2024-10-01 0 days 1,698 sqft
    2024-11-01 0 days 1,698 sqft
    2024-12-01 0 days 1,680 sqft
    2025-01-01 0 days 1,716 sqft
    2025-02-01 0 days 1,764 sqft
    2025-03-01 0 days 1,707 sqft
    Goldsboro's median listing age (time on market) for 2025-03-01 was 0 days.

    Goldsboro's median square footage for active listings during the 2025-03-01 period was 1,707 sqft. One year prior, the average listing was 1,784 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).