Greensboro FHA Loan Rates, Closing Costs & Stats

GREENSBORO-HIGH POINT, 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.

    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 5.94% for the week of 2024-12-13, compared to the national average (all FHA variants) of 6.277% for the same period.

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

    The average rate for the prior week (2024-12-06) was 6.01% and one month ago for the week of 2024-11-08, the average rate was 6.48%.

    The average rate one year ago was 6.89%.

    For refis of the same type during the week of 2024-12-13, the average rate was 6.39%.

    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
    2024-05-01 $344,625 (3.0%) $414,909 (-0.3%) 0.78 1,094
    2024-06-01 $345,000 (0.9%) $419,455 (0.3%) 0.78 1,182
    2024-07-01 $336,975 (-2.3%) $418,050 (-1.7%) 0.77 1,235
    2024-08-01 $335,000 (0.9%) $418,109 (-0.5%) 0.78 1,265
    2024-09-01 $335,123 (1.0%) $425,340 (3.4%) 0.79 1,359
    2024-10-01 $337,350 (5.1%) $420,514 (5.8%) 0.79 1,460
    2024-11-01 $325,000 (2.4%) $411,927 (6.5%) 0.78 1,546
    Greensboro's median listing price for 2024-11-01 was $325,000, a difference of $7,550 (2.4%) versus the prior year and $-12,350 versus the prior month.

    Greensboro's median listing price comes in at 78% of the national average.

    Greensboro's average listing price for 2024-11-01 was $411,927, a difference of $25,229 (6.5%) versus the prior year and $-8,587 versus the prior month.

    For the 2024-11-01 period, Greensboro had 1,546 MLS listings, a difference of 86 listings (6%) versus the prior month and 414 listings (37%) 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
    2024-05-01 38 days 2,069 sqft
    2024-06-01 37 days 2,168 sqft
    2024-07-01 43 days 2,505 sqft
    2024-08-01 43 days 2,548 sqft
    2024-09-01 44 days 1,903 sqft
    2024-10-01 45 days 1,908 sqft
    2024-11-01 51 days 1,830 sqft
    Greensboro's median listing age (time on market) for 2024-11-01 was 51 days. This is 28% longer than the same period one year ago.

    Greensboro's median square footage for active listings during the 2024-11-01 period was 1,830 sqft. One year prior, the average listing was 1,895 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).