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).