Greensboro FHA Loan Rates, Closing Costs & Stats

GREENSBORO-HIGH POINT, NC

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.

Greensboro's 167 lenders originated 2,264 FHA loans during 2024. The total origination value was $594,980,000, with an average FHA loan value of $262,800.

Greensboro FHA Loans, 30 Year Fixed Rates

30 Year FHA mortgages in Greensboro averaged 0.32% for the week of 2025-07-04, compared to the national average (all FHA variants) of 0% for the same period.

Greensboro's average FHA mortgage closing costs are $7,808.

The average rate for the prior week (2025-06-27) was 6.41% and one month ago for the week of 2025-05-30, the average rate was 6.48%.

The average rate one year ago was 7%.

For refis of the same type during the week of 2025-07-04, the average rate was -0.12%.

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

Greensboro 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 Greensboro level.

Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
QUICKEN LOANS, LLC 253 6.30% $10,584
ATLANTIC BAY MORTGAGE GROUP, L.L.C. 138 6.67% $11,500
DHI MORTGAGE COMPANY, LTD. 128 5.09% $7,977
MOVEMENT MORTGAGE, LLC 122 6.53% $11,199
FREEDOM MORTGAGE CORPORATION 110 6.35% $10,702
UNITED WHOLESALE MORTGAGE, LLC 91 5.99% $12,516
LOANDEPOT.COM, LLC 70 6.31% $9,972
CROSSCOUNTRY MORTGAGE, LLC 62 6.64% $11,352
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 61 6.07% $11,341
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 51 6.88% $9,679
UNION HOME MORTGAGE CORP. 36 6.41% $10,641
CMG MORTGAGE, INC. 36 6.74% $10,489
BROKER SOLUTIONS, INC. 34 6.76% $9,836
Wolfe Financial, Inc 31 6.76% $10,137
EQUITY RESOURCES, INC. 27 6.73% $8,613
Truist 27 6.20% $11,633
PENNYMAC LOAN SERVICES, LLC 25 5.79% $10,701
GUARANTEED RATE, INC. 25 6.44% $9,897
Ameris Bank 25 6.53% $9,171
NEWREZ LLC 25 6.49% $9,811
Prosperity Home Mortgage, LLC 24 6.40% $11,645
NFM, INC. 21 6.83% $12,243
GUILD MORTGAGE COMPANY 19 6.71% $9,543
Equity Prime Mortgage LLC 19 6.55% $11,520
HOMESIDE FINANCIAL, LLC 18 6.70% $10,680
RELIANCE FIRST CAPITAL, LLC 16 6.25% $10,247
Mr. Cooper ( Nationstar Mortgage ) 16 6.73% $12,188
CARDINAL FINANCIAL 14 6.54% $13,928
AMERICAN FINANCIAL RESOURCES, INC. 14 6.29% $14,347
ARK-LA-TEX FINANCIAL SERVICES, LLC. 13 6.76% $9,341
Alcova Mortgage LLC 13 6.88% $6,711
AMERICAN FINANCIAL NETWORK, INC. 12 6.85% $11,599
LOANPAL, LLC 12 5.55% $11,703
Carrington Mortgage Services, LLC 11 6.42% $10,034
AMERICAN FINANCING CORPORATION 11 6.04% $12,288
HOWARD HANNA FINANCIAL SERVICES, INC. 11 6.60% $9,939
Blue Ridge Bank 10 6.35% $8,990
Pinnacle Bank 10 6.14% $9,284
TOWNE MORTGAGE COMPANY 10 6.82% $10,219
U.S. Bank 10 6.77% $8,617
AMERISAVE MORTGAGE CORPORATION 9 6.49% $12,408
AmeriHome Mortgage Company, LLC 9 6.68% $7,292
MILEND, INC. 9 6.68% $10,890
VANDERBILT MORTGAGE AND FINANCE, INC. 9 5.97% $16,277
Mortgage Research Center, LLC 9 6.75% $5,926
Paramount Residential Mortgage Group, Inc. 9 6.64% $14,294
ENVOY MORTGAGE, LTD 8 6.53% $11,692
PLAZA HOME MORTGAGE, INC. 8 6.83% $11,036
CANOPY MORTGAGE, LLC 8 6.22% $11,472
PULTE MORTGAGE LLC 8 5.03% $8,751
EVERETT FINANCIAL, INC. 7 7.30% $13,555
VILLAGE CAPITAL MORTGAGE 7 6.10% $11,025
First-Citizens Bank & Trust Company 7 5.36% $9,637
T2 FINANCIAL LLC 7 6.88% $12,967
BAY EQUITY LLC 7 6.27% $11,844
Flagstar Bank, FSB 6 6.47% $10,377
PRIMELENDING, A PLAINSCAPITAL COMPANY 6 6.79% $12,296
JET HOMELOANS, LLC 6 5.16% $11,143
INSPIRE HOME LOANS INC. 6 5.67% $8,490
Integrity Home Mortgage Corp 6 6.88% $11,087
SUN WEST MORTGAGE COMPANY, INC. 6 5.98% $17,678
Summit Mortgage Corporation 6 7.00% $10,613
The Fidelity Bank 6 6.83% $9,113
Lakeview Community Capital, LLC 6 6.31% $9,893
Bank of England 6 6.48% $12,317
HALLMARK HOME MORTGAGE, LLC 5 6.80% $9,414
MUTUAL OF OMAHA MORTGAGE, INC. 5 6.50% $13,989
SUMMIT FUNDING, INC. 5 6.45% $11,100
Victorian Finance, LLC 5 6.35% $10,855
LAKEVIEW LOAN SERVICING, LLC 5 6.45% $7,524
MORTGAGE SOLUTIONS OF COLORADO, LLC 4 6.50% $8,049
ZILLOW HOME LOANS, LLC 4 6.41% $11,481
SeaTrust Mortgage Company 4 6.56% $10,972
Towne Bank 4 6.13% $9,111
Loan Simple, Inc. 4 6.63% $15,024
MYCUMORTGAGE, LLC 4 6.25% $9,378
CityWorth Mortgage LLC 3 6.71% $18,988
JPMorgan Chase Bank 3 6.83% $8,098
CORNERSTONE HOME LENDING, INC. 3 6.79% $12,355
ROYAL UNITED MORTGAGE LLC 3 6.79% $12,638
DELMAR FINANCIAL COMPANY 3 6.42% $9,677
Bank of America 3 5.92% $14,471
Atlantic Coast Mortgage, LLC 3 6.88% $9,125
NBKC BANK 3 5.71% $8,819
PRIMARY RESIDENTIAL MORTGAGE, INC. 3 6.58% $6,091
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 3 7.00% $10,717
MICHIGAN MUTUAL, INC. 3 6.50% $11,030
AmRes Corporation 3 6.33% $13,113
NATION ONE MORTGAGE CORPORATION 3 6.92% $11,043
First National Bank of Pennsylvania 3 6.38% $8,318
Strong Home Mortgage, LLC 3 5.79% $8,985
INTERCOASTAL MORTGAGE COMPANY 3 6.54% $8,993
Renasant Bank 3 6.54% $8,834
LOANLEADERS OF AMERICA, INC. 2 6.31% $13,404
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 2 6.69% $14,146
American Security Mortgage Corp. 2 6.38% $9,512
AXIA FINANCIAL, LLC 2 6.87% $13,755
BETTER MORTGAGE CORPORATION 2 5.88% $10,182
Cornerstone First Mortgage, Inc 2 6.50% $6,773
Corporate Investors Mortgage Group, Inc. 2 6.13% $10,109
CREDIT UNION MORTGAGE ASSOCIATION, INC. 2 5.94% $8,483
EMM LOANS LLC 2 6.12% $12,227
FIDELITY DIRECT MORTGAGE, LLC 2 6.19% $13,471
Home Mortgage Alliance Corp 2 6.75% $9,243
Ixonia Bank 2 6.25% $9,451
1ST SIGNATURE LENDING, LLC 2 6.81% $12,528
MORTGAGE FINANCIAL GROUP, INC. 2 6.38% $8,793
M&T Bank 2 6.50% $7,104
Nations Lending Corporation 2 6.69% $10,921
OCMBC, INC. 2 7.63% $12,717
PREMIA MORTGAGE, LLC 2 5.94% $9,303
RADIUS FINANCIAL GROUP INC. 2 6.50% $8,156
SOUTHERN TRUST MORTGAGE, LLC 2 6.56% $12,289
The Loan Store, Inc. 2 6.25% $14,571
TOP FLITE FINANCIAL, INC. 2 6.69% $23,199
Towne Mortgage of the Carolinas, LLC 2 6.00% $11,887
Truliant Federal Credit Union 2 6.38% $8,723
United Community Bank 2 6.63% $8,048
Wells Fargo Bank 2 6.31% $10,311
Presidential Bank, FSB 1 6.75% $12,857
NATIONWIDE MORTGAGE BANKERS, INC. 1 6.75% $9,292
Mortgage Assurance Inc. 1 5.75% $10,189
MORIA DEVELOPMENT, INC. 1 6.50% $9,706
MID AMERICA MORTGAGE, INC. 1 6.63% $3,777
LIBERTY HOME MORTGAGE CORPORATION 1 6.25% $17,770
CALCON MUTUAL MORTGAGE LLC 1 7.25% $8,386
Regions Bank 1 7.25% $5,752
Keystone Funding, Inc. 1 6.25% $6,803
JAMS-01, INC. 1 6.00% $7,325
HOMEBRIDGE FINANCIAL SERVICES, INC. 1 6.75% $8,703
RUOFF MORTGAGE COMPANY, INC. 1 6.63% $3,539
GUARANTEED RATE AFFINITY, LLC 1 6.50% $4,779
Uwharrie Bank 1 6.00% $10,046
South State Bank 1 6.00% $8,535
GSF Mortgage Corporation 1 5.75% $9,868
SUCCESS MORTGAGE PARTNERS, INC. 1 7.13% $14,679
GoPrime Mortgage, Inc. 1 7.13% $12,936
First Reliance Bank 1 6.63% $8,064
Sunflower Bank 1 5.38% $10,463
FIRST COMMUNITY MORTGAGE, INC. 1 6.25% $8,402
FIRST ALLIANCE HOME MORTGAGE, LLC 1 5.38% $19,222
Texana Bank 1 7.13% $3,343
The Central Trust Bank 1 6.75% $10,143
The Federal Savings Bank 1 6.75% $15,739
EMBRACE HOME LOANS, INC. 1 6.63% $9,104
Atlantic Union Bank 1 6.75% $4,868
THE MORTGAGE FIRM, INC. 1 6.75% $11,607
The Union Bank Company 1 5.75% $8,872
AMERICAN PACIFIC MORTGAGE CORPORATION 1 7.25% $13,771
DATA MORTGAGE, INC. 1 5.99% $5,803
CONTOUR MORTGAGE CORPORATION 1 6.75% $12,903
American Mortgage & Equity Consultants, Inc. 1 6.25% $13,610
TruHome Solutions, LLC 1 6.50% $7,498
City Lending Inc. 1 7.75% $13,621
ABSOLUTE HOME MORTGAGE CORPORATION 1 6.63% $15,004
Citizens Bank 1 5.63% $14,056
AFFORDABLE MORTGAGE ADVISORS, LLC. 1 6.63% $7,342
UNITED NORTHERN MORTGAGE BANKERS LIMITED 1 6.50% $12,181
OCEANSIDE MORTGAGE COMPANY 1 5.75% $2,751
North State Bank 1 6.13% $8,595
PENTAGON FEDERAL CREDIT UNION 1 5.63% $14,331
NEW DAY FINANCIAL, LLC 1 7.38% $4,194
Plains Commerce Bank 1 6.13% $5,915
NETWORK CAPITAL FUNDING CORPORATION 1 5.63% $24,661
POLARIS HOME FUNDING CORP. 1 5.75% $10,484
Century Mortgage Company DBA Century Lending Company 1 6.99% $12,591
PREMIER MORTGAGE RESOURCES, L.L.C. 1 6.75% $6,840

The top Greensboro FHA lender as defined by loan originations is QUICKEN LOANS, LLC, with 253 FHA loans originated. Their average total fees are $10,584, which is $916 lower than the next largest lender, ATLANTIC BAY MORTGAGE GROUP, L.L.C..

The lowest fee Greensboro FHA lenders (with over 10 loans originated) are Alcova Mortgage LLC ($6,711), DHI MORTGAGE COMPANY, LTD. ($7,977), EQUITY RESOURCES, INC. ($8,613), U.S. Bank ($8,617) and Blue Ridge Bank ($8,990).

The lowest rate Greensboro FHA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (5.09%), LOANPAL, LLC (5.55%), PENNYMAC LOAN SERVICES, LLC (5.79%), UNITED WHOLESALE MORTGAGE, LLC (5.99%) and AMERICAN FINANCING CORPORATION (6.04%).

Greensboro FHA Loan Limits

Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
GREENSBORO-HIGH POINT, NC GUILFORD 2022 $420,680 $538,650 $651,050 $809,150
GREENSBORO-HIGH POINT, NC RANDOLPH 2022 $420,680 $538,650 $651,050 $809,150
GREENSBORO-HIGH POINT, NC ROCKINGHAM 2022 $420,680 $538,650 $651,050 $809,150
GREENSBORO-HIGH POINT, NC GUILFORD 2023 $472,030 $604,400 $730,525 $907,900
GREENSBORO-HIGH POINT, NC RANDOLPH 2023 $472,030 $604,400 $730,525 $907,900
GREENSBORO-HIGH POINT, NC ROCKINGHAM 2023 $472,030 $604,400 $730,525 $907,900

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).