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 169 lenders originated 2,070 FHA loans during 2023. The total origination value was $462,030,000, with an average FHA loan value of $223,203.

Greensboro FHA Loans, 30 Year Fixed Rates

30 Year FHA mortgages in Greensboro averaged 6.71% for the week of 2024-05-17, compared to the national average (all FHA variants) of 6.744% for the same period.

Greensboro's average FHA mortgage closing costs are $7,348.

The average rate for the prior week (2024-05-10) was 6.55% and one month ago for the week of 2024-04-12, the average rate was 6.51%.

The average rate one year ago was 6.47%.

For refis of the same type during the week of 2024-05-17, the average rate was 6.76%.

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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
QUICKEN LOANS, LLC 283 6.22% $10,504
ATLANTIC BAY MORTGAGE GROUP, L.L.C. 150 6.68% $10,390
MOVEMENT MORTGAGE, LLC 120 6.73% $10,537
UNITED WHOLESALE MORTGAGE, LLC 72 6.24% $12,010
CROSSCOUNTRY MORTGAGE, LLC 62 6.79% $10,965
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 53 6.80% $8,910
DHI MORTGAGE COMPANY, LTD. 53 5.45% $8,180
NEWREZ LLC 43 6.53% $9,123
FREEDOM MORTGAGE CORPORATION 42 6.84% $11,452
UNION HOME MORTGAGE CORP. 41 6.70% $11,626
GUARANTEED RATE, INC. 38 6.27% $10,349
CARDINAL FINANCIAL 37 6.70% $11,004
LOANDEPOT.COM, LLC 34 6.28% $10,051
Ameris Bank 34 6.42% $9,388
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 26 6.84% $10,738
PENNYMAC LOAN SERVICES, LLC 26 6.15% $12,064
Mr. Cooper ( Nationstar Mortgage ) 25 6.10% $12,498
HOMESIDE FINANCIAL, LLC 24 6.51% $11,303
BROKER SOLUTIONS, INC. 22 6.96% $10,374
Carrington Mortgage Services, LLC 21 6.34% $9,475
Wolfe Financial, Inc 21 6.99% $9,254
Prosperity Home Mortgage, LLC 21 6.55% $10,082
INSPIRE HOME LOANS INC. 17 5.36% $8,169
PLAZA HOME MORTGAGE, INC. 16 6.38% $10,697
CMG MORTGAGE, INC. 16 6.48% $10,490
AMERISAVE MORTGAGE CORPORATION 16 6.34% $11,893
ACADEMY MORTGAGE CORPORATION 16 6.95% $11,805
Truist 15 6.31% $11,093
Renasant Bank 14 6.67% $9,993
EQUITY RESOURCES, INC. 14 6.53% $8,997
Alcova Mortgage LLC 14 7.03% $8,609
EVERETT FINANCIAL, INC. 13 7.00% $10,317
Blue Ridge Bank 13 6.44% $11,233
RELIANCE FIRST CAPITAL, LLC 12 6.43% $11,771
Mortgage Research Center, LLC 10 7.17% $7,066
Truliant Federal Credit Union 10 6.30% $6,294
AMERICAN FINANCIAL RESOURCES, INC. 10 5.94% $14,107
MUTUAL OF OMAHA MORTGAGE, INC. 9 6.81% $12,461
MILEND, INC. 9 6.92% $14,253
ARK-LA-TEX FINANCIAL SERVICES, LLC. 9 6.78% $11,136
LOANPAL, LLC 9 5.85% $12,689
Citizens Bank 8 6.36% $7,902
Pinnacle Bank 8 6.47% $9,241
MORTGAGE SOLUTIONS OF COLORADO, LLC 7 7.38% $11,603
AMERICAN FINANCING CORPORATION 7 6.66% $10,863
THRIVE MORTGAGE, LLC 7 6.55% $12,066
VANDERBILT MORTGAGE AND FINANCE, INC. 7 6.46% $12,589
HOMESTAR FINANCIAL CORPORATION 6 6.25% $8,588
CORNERSTONE HOME LENDING, INC. 6 6.67% $10,007
Bank of England 6 6.81% $9,999
Equity Prime Mortgage LLC 6 7.50% $9,036
The Fidelity Bank 6 6.56% $10,292
T2 FINANCIAL LLC 6 7.00% $9,351
Paramount Residential Mortgage Group, Inc. 6 7.00% $7,364
SUN WEST MORTGAGE COMPANY, INC. 6 6.60% $10,421
HOMEBRIDGE FINANCIAL SERVICES, INC. 6 6.46% $11,131
SUCCESS MORTGAGE PARTNERS, INC. 6 6.69% $8,731
HOWARD HANNA FINANCIAL SERVICES, INC. 6 6.90% $12,449
Wells Fargo Bank 6 5.58% $7,471
MICHIGAN MUTUAL, INC. 6 5.08% $12,915
PULTE MORTGAGE LLC 5 5.45% $7,473
First Federal Bank 5 6.20% $7,810
Integrity Home Mortgage Corp 5 7.13% $12,423
GUILD MORTGAGE COMPANY 5 6.90% $9,780
ZILLOW HOME LOANS, LLC 5 6.23% $10,887
AMERICAN FINANCIAL NETWORK, INC. 5 6.85% $10,893
Keystone Funding, Inc. 5 6.13% $9,305
TOP FLITE FINANCIAL, INC. 5 6.63% $13,921
EMM LOANS LLC 5 6.13% $11,923
LAKEVIEW LOAN SERVICING, LLC 5 6.25% $9,969
MORTGAGE FINANCIAL GROUP, INC. 5 6.60% $10,833
JET HOMELOANS, LLC 4 5.93% $14,182
Shamrock Home Loans, Inc. 4 6.31% $11,387
BAY EQUITY LLC 4 6.44% $9,686
GoPrime Mortgage, Inc. 4 6.88% $12,837
PHH Mortgage Corporation 4 6.22% $7,488
NFM, INC. 4 7.28% $7,410
First-Citizens Bank & Trust Company 4 6.16% $9,004
Towne Bank 4 6.56% $8,115
PRIMARY RESIDENTIAL MORTGAGE, INC. 4 6.78% $11,260
Flagstar Bank, FSB 4 6.44% $10,411
CHURCHILL MORTGAGE CORPORATION 4 6.16% $10,667
Victorian Finance, LLC 4 7.16% $12,590
INTERCOASTAL MORTGAGE COMPANY 4 6.63% $8,542
Strong Home Mortgage, LLC 3 5.63% $7,827
LOANLEADERS OF AMERICA, INC. 3 5.42% $14,628
The Federal Savings Bank 3 6.25% $11,389
RADIUS FINANCIAL GROUP INC. 3 6.75% $16,152
CALIBER HOME LOANS, INC. 3 6.21% $11,068
BETTER MORTGAGE CORPORATION 3 6.00% $10,712
VILLAGE CAPITAL MORTGAGE 3 5.92% $6,680
U.S. Bank 3 6.63% $6,225
POLARIS HOME FUNDING CORP. 3 7.13% $10,444
M&T Bank 3 6.71% $13,033
Towne Mortgage of the Carolinas, LLC 3 7.17% $11,129
First National Bank of Pennsylvania 3 6.75% $7,872
GSF Mortgage Corporation 2 6.31% $6,824
AMCAP MORTGAGE, LTD. 2 7.13% $11,711
American Mortgage & Equity Consultants, Inc. 2 6.69% $8,807
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 2 7.13% $8,258
AMERICAN PACIFIC MORTGAGE CORPORATION 2 7.31% $13,934
American Security Mortgage Corp. 2 6.94% $8,812
AXIA FINANCIAL, LLC 2 7.25% $17,803
Bank of America 2 6.44% $4,064
BAYSHORE MORTGAGE FUNDING, LLC 2 6.63% $12,883
CALCON MUTUAL MORTGAGE LLC 2 7.13% $14,980
CAPITAL CENTER, L.L.C. 2 5.94% $11,338
Corporate Investors Mortgage Group, Inc. 2 7.13% $13,294
EMBRACE HOME LOANS, INC. 2 6.62% $13,092
Lakeview Community Capital, LLC 2 6.25% $10,789
LEADERONE FINANCIAL CORPORATION 2 6.31% $14,646
Nations Lending Corporation 2 7.00% $5,212
Northpointe Bank 2 6.00% $8,241
North State Bank 2 6.81% $10,641
NTFN, INC. 2 5.94% $9,181
PENTAGON FEDERAL CREDIT UNION 2 6.06% $6,863
PLANET HOME LENDING, LLC 2 6.56% $9,088
PNC Bank 2 6.56% $6,663
PRIMELENDING, A PLAINSCAPITAL COMPANY 2 6.94% $13,884
SeaTrust Mortgage Company 2 6.38% $7,827
SHELTER HOME MORTGAGE, LLC 2 6.50% $10,402
Sierra Pacific Mortgage Company, Inc. 2 6.50% $11,268
TOTAL MORTGAGE SERVICES, LLC 2 6.50% $9,528
TOWNE MORTGAGE COMPANY 2 7.31% $14,416
MORTGAGE INVESTORS GROUP, INC. 1 6.75% $7,711
MLD MORTGAGE INC. 1 5.63% $12,793
MIDLAND MORTGAGE CORPORATION 1 7.25% $16,661
Magnolia Bank 1 6.38% $11,760
RAPID MORTGAGE COMPANY 1 6.50% $10,801
Regions Bank 1 7.25% $8,463
LIBERTY HOME MORTGAGE CORPORATION 1 7.50% $16,148
LAND HOME FINANCIAL SERVICES, INC. 1 7.38% $9,748
ROYAL UNITED MORTGAGE LLC 1 6.75% $9,496
RUOFF MORTGAGE COMPANY, INC. 1 5.88% $4,069
AmeriHome Mortgage Company, LLC 1 6.99% $10,760
SECURITYNATIONAL MORTGAGE COMPANY 1 7.25% $12,001
SFMC, LP 1 6.63% $17,907
LADERA LENDING, INC. 1 5.75% $10,794
AMERICAN FEDERAL MORTGAGE CORPORATION 1 6.25% $9,068
ALLIED MORTGAGE GROUP, INC. 1 6.88% $16,267
Southern First Bank 1 6.75% $7,717
SOUTHWEST STAGE FUNDING, LLC 1 7.63% $9,861
SOVEREIGN LENDING GROUP INCORPORATED 1 5.75% $14,049
STOCKTON MORTGAGE CORPORATION 1 7.25% $4,677
JPMorgan Chase Bank 1 6.99% $3,345
HOMESTEAD FUNDING CORP. 1 6.25% $10,866
HALLMARK HOME MORTGAGE, LLC 1 7.13% $8,899
GUARANTEED RATE AFFINITY, LLC 1 6.25% $9,523
1ST SIGNATURE LENDING, LLC 1 7.25% $12,607
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 6.75% $9,829
First Horizon Bank 1 6.13% $6,272
First Heritage Mortgage, LLC 1 7.00% $11,121
Advisors Mortgage Group, L.L.C. 1 6.63% $8,695
First Federal Bank of the Midwest 1 5.63% $8,569
A&D Mortgage LLC 1 6.00% $17,080
First Bank 1 5.99% $12,887
TruHome Solutions, LLC 1 5.63% $6,771
FIRST ALLIANCE HOME MORTGAGE, LLC 1 7.50% $14,908
FIDELITY DIRECT MORTGAGE, LLC 1 6.99% $12,065
CONTOUR MORTGAGE CORPORATION 1 5.25% $14,735
CityWorth Mortgage LLC 1 6.50% $25,267
Plains Commerce Bank 1 4.75% $11,227
BancorpSouth 1 6.38% $6,957
NATIONWIDE MORTGAGE BANKERS, INC. 1 7.13% $8,031
Arvest Bank 1 6.88% $6,041
MYCUMORTGAGE, LLC 1 6.88% $8,495
PREMIA MORTGAGE, LLC 1 7.25% $8,452
Mortgage Lenders Investment Trading Corporation 1 5.50% $14,754
VERITAS FUNDING, LLC 1 6.75% $16,271

The top Greensboro FHA lender as defined by loan originations is QUICKEN LOANS, LLC, with 283 FHA loans originated. Their average total fees are $10,504, which is $114 higher than the next largest lender, ATLANTIC BAY MORTGAGE GROUP, L.L.C..

The lowest fee Greensboro FHA lenders (with over 10 loans originated) are Truliant Federal Credit Union ($6,294), Mortgage Research Center, LLC ($7,066), INSPIRE HOME LOANS INC. ($8,169), DHI MORTGAGE COMPANY, LTD. ($8,180) and Alcova Mortgage LLC ($8,609).

The lowest rate Greensboro FHA lenders (with over 10 loans originated) are INSPIRE HOME LOANS INC. (5.36%), DHI MORTGAGE COMPANY, LTD. (5.45%), AMERICAN FINANCIAL RESOURCES, INC. (5.94%), Mr. Cooper ( Nationstar Mortgage ) (6.10%) and PENNYMAC LOAN SERVICES, LLC (6.15%).

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

Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Greensboro (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 $204,720 (14.1%) $307,685 (14.8%) 0.76 2,356
2018-02-01 $212,876 (15.5%) $313,950 (14.0%) 0.77 2,280
2018-03-01 $225,000 (19.8%) $321,587 (15.0%) 0.79 2,262
2018-04-01 $242,000 (21.1%) $329,430 (14.9%) 0.82 2,245
2018-05-01 $244,750 (16.6%) $330,629 (11.2%) 0.82 2,351
2018-06-01 $239,900 (12.0%) $328,881 (9.5%) 0.80 2,404
2018-07-01 $245,000 (17.2%) $326,400 (10.1%) 0.82 2,400
2018-08-01 $247,030 (17.0%) $306,499 (3.6%) 0.83 2,095
2018-09-01 $249,000 (15.8%) $308,917 (2.6%) 0.84 2,086
2018-10-01 $247,226 (14.6%) $306,381 (0.8%) 0.84 2,110
2018-11-01 $244,950 (21.0%) $301,735 (-0.2%) 0.83 2,085
2018-12-01 $245,000 (23.0%) $303,500 (1.4%) 0.85 1,992
2019-01-01 $249,900 (22.1%) $307,445 (-0.1%) 0.86 1,812
2019-02-01 $253,875 (19.3%) $306,766 (-2.3%) 0.86 1,712
2019-03-01 $260,560 (15.8%) $317,084 (-1.4%) 0.85 1,670
2019-04-01 $265,000 (9.5%) $327,179 (-0.7%) 0.84 1,680
2019-05-01 $269,900 (10.3%) $328,711 (-0.6%) 0.84 1,785
2019-06-01 $264,493 (10.3%) $324,512 (-1.3%) 0.83 1,865
2019-07-01 $266,797 (8.9%) $324,316 (-0.6%) 0.84 1,884
2019-08-01 $262,438 (6.2%) $318,588 (3.9%) 0.83 1,917
2019-09-01 $261,010 (4.8%) $315,698 (2.2%) 0.84 1,924
2019-10-01 $262,481 (6.2%) $316,658 (3.4%) 0.85 1,900
2019-11-01 $264,260 (7.9%) $318,396 (5.5%) 0.87 1,836
2019-12-01 $265,483 (8.4%) $316,556 (4.3%) 0.89 1,614
2020-01-01 $263,000 (5.2%) $313,357 (1.9%) 0.88 1,461
2020-02-01 $260,000 (2.4%) $314,360 (2.5%) 0.85 1,362
2020-03-01 $267,500 (2.7%) $323,855 (2.1%) 0.84 1,353
2020-04-01 $260,000 (-1.9%) $323,784 (-1.0%) 0.81 1,416
2020-05-01 $284,700 (5.5%) $346,712 (5.5%) 0.87 1,374
2020-06-01 $291,495 (10.2%) $369,887 (14.0%) 0.86 1,256
2020-07-01 $296,825 (11.3%) $368,274 (13.6%) 0.86 1,138
2020-08-01 $299,129 (14.0%) $372,594 (17.0%) 0.86 1,069
2020-09-01 $297,450 (14.0%) $374,322 (18.6%) 0.85 996
2020-10-01 $284,900 (8.5%) $361,901 (14.3%) 0.82 968
2020-11-01 $264,950 (0.3%) $340,005 (6.8%) 0.77 924
2020-12-01 $258,445 (-2.7%) $339,471 (7.2%) 0.77 912
2021-01-01 $260,000 (-1.1%) $347,459 (10.9%) 0.78 732
2021-02-01 $249,200 (-4.2%) $345,465 (9.9%) 0.73 632
2021-03-01 $252,500 (-5.6%) $355,176 (9.7%) 0.72 549
2021-04-01 $250,000 (-3.9%) $349,525 (8.0%) 0.68 549
2021-05-01 $246,695 (-13.4%) $342,043 (-1.4%) 0.66 606
2021-06-01 $256,400 (-12.0%) $346,816 (-6.2%) 0.67 674
2021-07-01 $250,000 (-15.8%) $340,255 (-7.6%) 0.66 745
2021-08-01 $256,995 (-14.1%) $353,388 (-5.2%) 0.69 856
2021-09-01 $257,000 (-13.6%) $350,420 (-6.4%) 0.69 908
2021-10-01 $255,000 (-10.5%) $355,508 (-1.8%) 0.68 895
2021-11-01 $259,475 (-2.1%) $355,916 (4.7%) 0.69 813
2021-12-01 $259,450 (0.4%) $365,829 (7.8%) 0.70 678
2022-01-01 $273,445 (5.2%) $375,194 (8.0%) 0.74 550
2022-02-01 $272,675 (9.4%) $381,312 (10.4%) 0.71 471
2022-03-01 $275,000 (8.9%) $383,348 (7.9%) 0.69 465
2022-04-01 $299,000 (19.6%) $402,829 (15.3%) 0.71 485
2022-05-01 $319,747 (29.6%) $407,221 (19.1%) 0.73 644
2022-06-01 $336,950 (31.4%) $405,351 (16.9%) 0.75 773
2022-07-01 $324,900 (30.0%) $395,491 (16.2%) 0.73 911
2022-08-01 $325,000 (26.5%) $402,377 (13.9%) 0.75 942
2022-09-01 $326,000 (26.9%) $396,000 (13.0%) 0.76 970
2022-10-01 $324,565 (27.3%) $390,292 (9.8%) 0.76 1,033
2022-11-01 $321,973 (24.1%) $392,060 (10.2%) 0.77 1,077
2022-12-01 $318,990 (23.0%) $389,017 (6.3%) 0.79 1,033
2023-01-01 $322,551 (18.0%) $388,551 (3.6%) 0.80 903
2023-02-01 $324,950 (19.2%) $400,606 (5.1%) 0.78 828
2023-03-01 $327,371 (19.0%) $417,375 (8.9%) 0.77 750
2023-04-01 $338,900 (13.3%) $421,196 (4.6%) 0.79 769
2023-05-01 $334,682 (4.7%) $416,338 (2.2%) 0.76 837
2023-06-01 $341,995 (1.5%) $418,159 (3.2%) 0.77 838
2023-07-01 $345,000 (6.2%) $425,108 (7.5%) 0.78 843
2023-08-01 $332,172 (2.2%) $420,029 (4.4%) 0.76 913
2023-09-01 $331,814 (1.8%) $411,332 (3.9%) 0.77 942
2023-10-01 $320,950 (-1.1%) $397,404 (1.8%) 0.76 1,083
2023-11-01 $317,450 (-1.4%) $386,698 (-1.4%) 0.76 1,132
2023-12-01 $308,995 (-3.1%) $377,855 (-2.9%) 0.75 1,160
2024-01-01 $311,445 (-3.4%) $375,347 (-3.4%) 0.76 1,109
2024-02-01 $313,950 (-3.4%) $374,374 (-6.6%) 0.76 1,058
2024-03-01 $319,000 (-2.6%) $376,610 (-9.8%) 0.75 1,037
2024-04-01 $329,848 (-2.7%) $391,275 (-7.1%) 0.77 1,062
Greensboro's median listing price for 2024-04-01 was $329,848, a difference of $-9,052 (-2.7%) versus the prior year and $10,848 versus the prior month.

Greensboro's median listing price comes in at 77% of the national average.

Greensboro's average listing price for 2024-04-01 was $391,275, a difference of $-29,921 (-7.1%) versus the prior year and $14,665 versus the prior month.

For the 2024-04-01 period, Greensboro had 1,062 MLS listings, a difference of 25 listings (2%) versus the prior month and 293 listings (38%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Greensboro (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 92 days 1,952 sqft
2018-02-01 91 days 2,080 sqft
2018-03-01 66 days 2,159 sqft
2018-04-01 59 days 2,291 sqft
2018-05-01 58 days 2,304 sqft
2018-06-01 57 days 2,292 sqft
2018-07-01 65 days 2,281 sqft
2018-08-01 62 days 2,240 sqft
2018-09-01 64 days 2,231 sqft
2018-10-01 65 days 2,212 sqft
2018-11-01 70 days 2,195 sqft
2018-12-01 78 days 2,175 sqft
2019-01-01 87 days 2,197 sqft
2019-02-01 79 days 2,223 sqft
2019-03-01 67 days 2,312 sqft
2019-04-01 51 days 2,395 sqft
2019-05-01 50 days 2,409 sqft
2019-06-01 53 days 2,325 sqft
2019-07-01 57 days 2,207 sqft
2019-08-01 56 days 2,166 sqft
2019-09-01 56 days 2,148 sqft
2019-10-01 56 days 2,173 sqft
2019-11-01 64 days 2,135 sqft
2019-12-01 74 days 2,198 sqft
2020-01-01 81 days 2,089 sqft
2020-02-01 79 days 2,075 sqft
2020-03-01 49 days 2,114 sqft
2020-04-01 52 days 2,071 sqft
2020-05-01 60 days 2,181 sqft
2020-06-01 53 days 2,152 sqft
2020-07-01 52 days 2,129 sqft
2020-08-01 45 days 2,231 sqft
2020-09-01 43 days 2,394 sqft
2020-10-01 36 days 2,393 sqft
2020-11-01 55 days 2,063 sqft
2020-12-01 66 days 2,055 sqft
2021-01-01 74 days 2,038 sqft
2021-02-01 62 days 1,862 sqft
2021-03-01 43 days 1,801 sqft
2021-04-01 43 days 2,014 sqft
2021-05-01 44 days 2,101 sqft
2021-06-01 43 days 1,978 sqft
2021-07-01 40 days 2,012 sqft
2021-08-01 37 days 1,984 sqft
2021-09-01 38 days 2,069 sqft
2021-10-01 43 days 2,167 sqft
2021-11-01 45 days 2,266 sqft
2021-12-01 49 days 2,028 sqft
2022-01-01 56 days 1,801 sqft
2022-02-01 48 days 1,747 sqft
2022-03-01 38 days 1,687 sqft
2022-04-01 32 days 1,776 sqft
2022-05-01 29 days 1,925 sqft
2022-06-01 30 days 1,923 sqft
2022-07-01 34 days 1,803 sqft
2022-08-01 39 days 1,908 sqft
2022-09-01 43 days 1,841 sqft
2022-10-01 44 days 1,965 sqft
2022-11-01 48 days 1,787 sqft
2022-12-01 59 days 1,780 sqft
2023-01-01 65 days 1,781 sqft
2023-02-01 50 days 1,789 sqft
2023-03-01 50 days 1,757 sqft
2023-04-01 40 days 1,716 sqft
2023-05-01 38 days 1,785 sqft
2023-06-01 43 days 1,674 sqft
2023-07-01 43 days 1,735 sqft
2023-08-01 38 days 1,833 sqft
2023-09-01 39 days 1,764 sqft
2023-10-01 38 days 1,773 sqft
2023-11-01 40 days 1,895 sqft
2023-12-01 46 days 1,787 sqft
2024-01-01 54 days 1,677 sqft
2024-02-01 47 days 1,754 sqft
2024-03-01 45 days 1,764 sqft
2024-04-01 40 days 1,784 sqft
Greensboro's median listing age (time on market) for 2024-04-01 was 40 days. This is -1% shorter than the same period one year ago.

Greensboro's median square footage for active listings during the 2024-04-01 period was 1,784 sqft. One year prior, the average listing was 1,716 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).