Greeneville FHA Loan Rates, Closing Costs & Stats

Greeneville, TN

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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.

    Greeneville's 53 lenders originated 247 FHA loans during 2024. The total origination value was $54,065,000, with an average FHA loan value of $218,887.

    Greeneville FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Greeneville averaged 6.77% for the week of 2025-04-04, compared to the national average (all FHA variants) of 6.259% for the same period.

    Greeneville's average FHA mortgage closing costs are $7,768.

    The average rate for the prior week (2025-03-28) was 6.66% and one month ago for the week of 2025-02-28, the average rate was 6.55%.

    The average rate one year ago was 6.87%.

    For refis of the same type during the week of 2025-04-04, the average rate was 6.02%.

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

    Greeneville 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 Greeneville level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    UNITED WHOLESALE MORTGAGE, LLC 24 6.21% $12,027
    QUICKEN LOANS, LLC 22 6.27% $10,887
    GVC MORTGAGE, INC. 22 6.57% $11,693
    MORTGAGE INVESTORS GROUP, INC. 19 6.34% $9,512
    DHI MORTGAGE COMPANY, LTD. 14 5.63% $6,999
    ROSS MORTGAGE CORPORATION 7 6.89% $12,610
    CMG MORTGAGE, INC. 7 6.50% $11,278
    FREEDOM MORTGAGE CORPORATION 6 6.73% $8,004
    Sierra Pacific Mortgage Company, Inc. 5 7.03% $14,687
    STOCKTON MORTGAGE CORPORATION 5 6.53% $10,360
    DELMAR FINANCIAL COMPANY 4 6.65% $9,135
    PENNYMAC LOAN SERVICES, LLC 4 6.25% $9,684
    AMERICAN PACIFIC MORTGAGE CORPORATION 4 7.28% $13,406
    UNION HOME MORTGAGE CORP. 4 5.91% $9,113
    CORNERSTONE HOME LENDING, INC. 3 6.96% $8,282
    EVERETT FINANCIAL, INC. 3 6.42% $3,589
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 3 7.21% $9,717
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 3 5.92% $6,171
    CARDINAL FINANCIAL 3 7.04% $10,669
    AMERICAN FINANCIAL RESOURCES, INC. 3 6.88% $12,219
    HOMESIDE FINANCIAL, LLC 3 7.54% $13,725
    LOANDEPOT.COM, LLC 3 6.79% $8,398
    Mortgage Research Center, LLC 3 7.17% $5,722
    MOVEMENT MORTGAGE, LLC 3 6.63% $10,651
    SUMMIT FUNDING, INC. 2 6.88% $13,902
    PLAZA HOME MORTGAGE, INC. 2 6.94% $9,180
    INTERLINC MORTGAGE SERVICES, LLC 2 7.19% $8,646
    Wolfe Financial, Inc 2 7.69% $10,716
    FIRST COMMUNITY MORTGAGE, INC. 2 6.13% $11,180
    CHURCHILL MORTGAGE CORPORATION 2 7.38% $12,516
    Equity Prime Mortgage LLC 2 7.00% $10,416
    BROKER SOLUTIONS, INC. 2 7.00% $7,056
    Plains Commerce Bank 2 7.13% $12,557
    Regions Bank 2 6.75% $7,263
    ZILLOW HOME LOANS, LLC 1 6.63% $10,918
    ALLIED MORTGAGE GROUP, INC. 1 6.00% $15,227
    AMERICAN FINANCIAL NETWORK, INC. 1 7.25% $10,714
    Carrington Mortgage Services, LLC 1 6.63% $10,173
    CROSSCOUNTRY MORTGAGE, LLC 1 6.25% $3,867
    FIRST INTEGRITY MORTGAGE SERVICES, INC. 1 6.63% $2,089
    Gateway First Bank 1 6.75% $11,245
    GUARANTEED RATE, INC. 1 6.63% $6,672
    GUILD MORTGAGE COMPANY 1 6.99% $9,217
    LAKEVIEW LOAN SERVICING, LLC 1 5.75% $6,020
    NEWREZ LLC 1 5.63% $13,690
    Northpointe Bank 1 7.63% $8,060
    Paramount Residential Mortgage Group, Inc. 1 7.50% $14,666
    PREMIER MORTGAGE RESOURCES, L.L.C. 1 6.63% $7,532
    SECURITYNATIONAL MORTGAGE COMPANY 1 6.75% $7,454
    TOP FLITE FINANCIAL, INC. 1 6.75% $8,872
    U.S. Bank 1 6.25% $5,760
    US MORTGAGE CORPORATION 1 5.88% $12,644
    1ST SIGNATURE LENDING, LLC 1 7.00% $12,618

    The top Greeneville FHA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 24 FHA loans originated. Their average total fees are $12,027, which is $1,140 higher than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Greeneville FHA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. ($6,999), MORTGAGE INVESTORS GROUP, INC. ($9,512), QUICKEN LOANS, LLC ($10,887), GVC MORTGAGE, INC. ($11,693) and UNITED WHOLESALE MORTGAGE, LLC ($12,027).

    The lowest rate Greeneville FHA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (5.63%), UNITED WHOLESALE MORTGAGE, LLC (6.21%), QUICKEN LOANS, LLC (6.27%), MORTGAGE INVESTORS GROUP, INC. (6.34%) and GVC MORTGAGE, INC. (6.57%).

    Greeneville FHA Loan Limits

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

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Greeneville (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 $179,900 (19.9%) $259,815 (16.8%) 0.00 265
    2018-02-01 $179,950 (20.1%) $271,331 (19.0%) 0.00 258
    2018-03-01 $189,900 (22.9%) $268,117 (11.3%) 0.00 253
    2018-04-01 $186,450 (13.1%) $261,846 (5.4%) 0.00 256
    2018-05-01 $189,925 (8.6%) $264,260 (3.8%) 0.00 266
    2018-06-01 $179,900 (4.9%) $253,554 (2.5%) 0.00 284
    2018-07-01 $178,675 (-3.2%) $251,808 (0.7%) 0.00 292
    2018-08-01 $179,900 (1.4%) $250,184 (1.1%) 0.00 296
    2018-09-01 $179,900 (2.9%) $248,359 (1.3%) 0.00 305
    2018-10-01 $171,400 (-2.2%) $235,734 (-5.7%) 0.00 293
    2018-11-01 $169,900 (-5.6%) $231,429 (-10.1%) 0.00 291
    2018-12-01 $169,900 (-5.3%) $233,540 (-10.2%) 0.00 275
    2019-01-01 $169,900 (-5.6%) $235,543 (-9.3%) 0.00 262
    2019-02-01 $165,575 (-8.0%) $231,885 (-14.5%) 0.00 269
    2019-03-01 $178,471 (-6.0%) $243,374 (-9.2%) 0.00 263
    2019-04-01 $194,449 (4.3%) $258,073 (-1.4%) 0.00 252
    2019-05-01 $198,000 (4.3%) $254,077 (-3.9%) 0.00 256
    2019-06-01 $209,900 (16.7%) $262,799 (3.7%) 0.00 259
    2019-07-01 $211,850 (18.6%) $262,854 (4.4%) 0.00 252
    2019-08-01 $195,536 (8.7%) $256,298 (2.4%) 0.00 255
    2019-09-01 $186,741 (3.8%) $250,989 (1.1%) 0.00 254
    2019-10-01 $183,377 (7.0%) $247,176 (4.9%) 0.00 253
    2019-11-01 $184,900 (8.8%) $251,126 (8.5%) 0.00 249
    2019-12-01 $184,975 (8.9%) $256,637 (9.9%) 0.00 236
    2020-01-01 $186,200 (9.6%) $257,378 (9.3%) 0.00 210
    2020-02-01 $209,900 (26.8%) $260,457 (12.3%) 0.00 203
    2020-03-01 $225,550 (26.4%) $283,798 (16.6%) 0.00 167
    2020-04-01 $239,950 (23.4%) $313,772 (21.6%) 0.00 161
    2020-05-01 $248,900 (25.7%) $319,164 (25.6%) 0.00 141
    2020-06-01 $247,425 (17.9%) $323,810 (23.2%) 0.00 133
    2020-07-01 $242,175 (14.3%) $315,434 (20.0%) 0.00 114
    2020-08-01 $234,900 (20.1%) $313,255 (22.2%) 0.00 113
    2020-09-01 $233,750 (25.2%) $320,170 (27.6%) 0.00 92
    2020-10-01 $234,500 (27.9%) $324,516 (31.3%) 0.00 96
    2020-11-01 $244,900 (32.5%) $321,246 (27.9%) 0.00 105
    2020-12-01 $229,900 (24.3%) $330,662 (28.8%) 0.00 100
    2021-01-01 $229,900 (23.5%) $329,389 (28.0%) 0.00 98
    2021-02-01 $288,100 (37.3%) $390,912 (50.1%) 0.00 69
    2021-03-01 $278,550 (23.5%) $390,798 (37.7%) 0.00 65
    2021-04-01 $296,975 (23.8%) $421,639 (34.4%) 0.00 68
    2021-05-01 $271,000 (8.9%) $397,234 (24.5%) 0.00 89
    2021-06-01 $296,800 (20.0%) $423,302 (30.7%) 0.00 98
    2021-07-01 $299,900 (23.8%) $418,060 (32.5%) 0.00 114
    2021-08-01 $284,900 (21.3%) $404,585 (29.2%) 0.00 108
    2021-09-01 $269,975 (15.5%) $382,778 (19.6%) 0.00 105
    2021-10-01 $249,900 (6.6%) $386,876 (19.2%) 0.00 107
    2021-11-01 $282,450 (15.3%) $384,082 (19.6%) 0.00 100
    2021-12-01 $256,950 (11.8%) $404,021 (22.2%) 0.00 83
    2022-01-01 $304,450 (32.4%) $424,356 (28.8%) 0.00 69
    2022-02-01 $346,175 (20.2%) $453,172 (15.9%) 0.00 62
    2022-03-01 $361,200 (29.7%) $475,879 (21.8%) 0.00 56
    2022-04-01 $329,900 (11.1%) $422,408 (0.2%) 0.00 61
    2022-05-01 $289,450 (6.8%) $379,216 (-4.5%) 0.00 77
    2022-06-01 $333,725 (12.4%) $406,723 (-3.9%) 0.00 92
    2022-07-01 $334,950 (11.7%) $406,160 (-2.9%) 0.00 100
    2022-08-01 $339,475 (19.2%) $406,009 (0.4%) 0.00 109
    2022-09-01 $349,900 (29.6%) $404,597 (5.7%) 0.00 136
    2022-10-01 $348,450 (39.4%) $404,000 (4.4%) 0.00 152
    2022-11-01 $349,900 (23.9%) $398,965 (3.9%) 0.00 154
    2022-12-01 $349,900 (36.2%) $406,914 (0.7%) 0.00 148
    2023-01-01 $356,175 (17.0%) $420,045 (-1.0%) 0.00 143
    2023-02-01 $354,900 (2.5%) $433,592 (-4.3%) 0.00 124
    2023-03-01 $356,453 (-1.3%) $442,336 (-7.1%) 0.00 120
    2023-04-01 $369,900 (12.1%) $517,911 (22.6%) 0.00 117
    2023-05-01 $362,400 (25.2%) $493,689 (30.2%) 0.00 125
    2023-06-01 $365,925 (9.7%) $489,640 (20.4%) 0.00 143
    2023-07-01 $399,000 (19.1%) $524,369 (29.1%) 0.00 145
    2023-08-01 $388,725 (14.5%) $522,558 (28.7%) 0.00 156
    2023-09-01 $384,950 (10.0%) $552,188 (36.5%) 0.00 142
    2023-10-01 $349,900 (0.4%) $514,039 (27.2%) 0.00 149
    2023-11-01 $339,000 (-3.1%) $475,170 (19.1%) 0.00 152
    2023-12-01 $329,450 (-5.8%) $472,563 (16.1%) 0.00 154
    2024-01-01 $344,450 (-3.3%) $449,899 (7.1%) 0.00 133
    2024-02-01 $343,750 (-3.1%) $462,058 (6.6%) 0.00 118
    2024-03-01 $349,900 (-1.8%) $456,848 (3.3%) 0.00 128
    2024-04-01 $349,900 (-5.4%) $465,370 (-10.1%) 0.00 130
    2024-05-01 $324,700 (-10.4%) $477,138 (-3.4%) 0.00 166
    2024-06-01 $329,900 (-9.8%) $473,801 (-3.2%) 0.00 179
    2024-07-01 $318,700 (-20.1%) $441,384 (-15.8%) 0.00 220
    2024-08-01 $310,000 (-20.3%) $443,566 (-15.1%) 0.00 246
    2024-09-01 $324,200 (-15.8%) $459,214 (-16.8%) 0.00 228
    2024-10-01 $324,325 (-7.3%) $458,156 (-10.9%) 0.00 230
    2024-11-01 $335,000 (-1.2%) $462,226 (-2.7%) 0.00 254
    2024-12-01 $329,900 (0.1%) $448,441 (-5.1%) 0.00 244
    2025-01-01 $338,225 (-1.8%) $425,542 (-5.4%) 0.00 226
    2025-02-01 $332,450 (-3.3%) $416,676 (-9.8%) 0.00 226
    2025-03-01 $330,000 (-5.7%) $427,912 (-6.3%) 0.00 230
    Greeneville's median listing price for 2025-03-01 was $330,000, a difference of $-19,900 (-5.7%) versus the prior year and $-2,450 versus the prior month.

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

    Greeneville's average listing price for 2025-03-01 was $427,912, a difference of $-28,936 (-6.3%) versus the prior year and $11,236 versus the prior month.

    For the 2025-03-01 period, Greeneville had 230 MLS listings, a difference of 4 listings (2%) versus the prior month and 102 listings (80%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Greeneville (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 2,068 sqft
    2018-02-01 0 days 2,029 sqft
    2018-03-01 0 days 2,005 sqft
    2018-04-01 0 days 1,989 sqft
    2018-05-01 0 days 1,951 sqft
    2018-06-01 0 days 1,894 sqft
    2018-07-01 0 days 1,926 sqft
    2018-08-01 0 days 1,972 sqft
    2018-09-01 0 days 2,000 sqft
    2018-10-01 0 days 1,984 sqft
    2018-11-01 0 days 1,884 sqft
    2018-12-01 0 days 1,923 sqft
    2019-01-01 0 days 1,850 sqft
    2019-02-01 0 days 1,861 sqft
    2019-03-01 0 days 1,925 sqft
    2019-04-01 0 days 2,053 sqft
    2019-05-01 0 days 2,061 sqft
    2019-06-01 0 days 2,047 sqft
    2019-07-01 0 days 2,048 sqft
    2019-08-01 0 days 1,973 sqft
    2019-09-01 0 days 1,900 sqft
    2019-10-01 0 days 1,837 sqft
    2019-11-01 0 days 1,924 sqft
    2019-12-01 0 days 1,917 sqft
    2020-01-01 0 days 1,929 sqft
    2020-02-01 0 days 1,833 sqft
    2020-03-01 0 days 1,966 sqft
    2020-04-01 0 days 2,062 sqft
    2020-05-01 0 days 2,042 sqft
    2020-06-01 0 days 2,063 sqft
    2020-07-01 0 days 2,040 sqft
    2020-08-01 0 days 2,009 sqft
    2020-09-01 0 days 1,888 sqft
    2020-10-01 0 days 1,935 sqft
    2020-11-01 0 days 1,904 sqft
    2020-12-01 0 days 1,876 sqft
    2021-01-01 0 days 1,717 sqft
    2021-02-01 0 days 2,014 sqft
    2021-03-01 0 days 2,007 sqft
    2021-04-01 0 days 1,923 sqft
    2021-05-01 0 days 1,852 sqft
    2021-06-01 0 days 1,859 sqft
    2021-07-01 0 days 1,871 sqft
    2021-08-01 0 days 1,783 sqft
    2021-09-01 0 days 1,743 sqft
    2021-10-01 0 days 1,788 sqft
    2021-11-01 0 days 1,811 sqft
    2021-12-01 0 days 1,757 sqft
    2022-01-01 0 days 1,856 sqft
    2022-02-01 0 days 2,119 sqft
    2022-03-01 0 days 2,046 sqft
    2022-04-01 0 days 1,858 sqft
    2022-05-01 0 days 1,812 sqft
    2022-06-01 0 days 1,884 sqft
    2022-07-01 0 days 1,783 sqft
    2022-08-01 0 days 1,800 sqft
    2022-09-01 0 days 1,700 sqft
    2022-10-01 0 days 1,738 sqft
    2022-11-01 0 days 1,800 sqft
    2022-12-01 0 days 1,810 sqft
    2023-01-01 0 days 1,849 sqft
    2023-02-01 0 days 1,985 sqft
    2023-03-01 0 days 1,932 sqft
    2023-04-01 0 days 1,947 sqft
    2023-05-01 0 days 1,842 sqft
    2023-06-01 0 days 1,805 sqft
    2023-07-01 0 days 1,931 sqft
    2023-08-01 0 days 1,936 sqft
    2023-09-01 0 days 1,792 sqft
    2023-10-01 0 days 1,742 sqft
    2023-11-01 0 days 1,731 sqft
    2023-12-01 0 days 1,690 sqft
    2024-01-01 0 days 1,679 sqft
    2024-02-01 0 days 1,720 sqft
    2024-03-01 0 days 1,797 sqft
    2024-04-01 0 days 1,788 sqft
    2024-05-01 0 days 1,773 sqft
    2024-06-01 0 days 1,695 sqft
    2024-07-01 0 days 1,692 sqft
    2024-08-01 0 days 1,694 sqft
    2024-09-01 0 days 1,716 sqft
    2024-10-01 0 days 1,700 sqft
    2024-11-01 0 days 1,756 sqft
    2024-12-01 0 days 1,758 sqft
    2025-01-01 0 days 1,690 sqft
    2025-02-01 0 days 1,691 sqft
    2025-03-01 0 days 1,728 sqft
    Greeneville's median listing age (time on market) for 2025-03-01 was 0 days.

    Greeneville's median square footage for active listings during the 2025-03-01 period was 1,728 sqft. One year prior, the average listing was 1,797 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).