Greenville FHA Loans

GREENVILLE-ANDERSON, SC

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.

Greenville's 205 lenders originated 5,170 FHA loans during 2021. The total origination value was $1,028,910,000, with an average FHA loan value of $199,015.

Greenville FHA Loans, 30 Year Fixed Rates

30 Year FHA mortgages in Greenville averaged 5.3% for the week of 2022-05-13, compared to the national average (all FHA variants) of 5.361% for the same period.

The average rate for the prior week (2022-05-06) was 5.43% and one month ago for the week of 2022-04-08, the average rate was 4.8%.

The average rate one year ago was 3.01%.

For refis of the same type during the week of 2022-05-13, the average rate was 5.09%.

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

Greenville FHA Loan Lenders by Rates & Fees

The below table looks at the average fees and rates for FHA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Greenville level.

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
QUICKEN LOANS, LLC 501 2.73% $5,940
MOVEMENT MORTGAGE, LLC 194 3.28% $7,096
ON Q FINANCIAL, INC. 186 3.52% $7,190
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 160 3.12% $7,710
NVR Mortgage Finance, Inc. 158 3.19% $7,691
FREEDOM MORTGAGE CORPORATION 151 2.90% $4,963
PRIMELENDING, A PLAINSCAPITAL COMPANY 151 3.22% $8,170
LAKEVIEW LOAN SERVICING, LLC 150 3.02% $4,467
DHI MORTGAGE COMPANY, LTD. 146 2.79% $7,416
PENNYMAC LOAN SERVICES, LLC 115 3.07% $4,742
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 113 3.26% $8,213
Mr. Cooper ( Nationstar Mortgage ) 107 3.30% $4,293
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 102 3.28% $8,803
UNITED WHOLESALE MORTGAGE, LLC 99 2.86% $7,687
APEX HOME LOANS, INC. 94 2.59% $8,328
LOANDEPOT.COM, LLC 87 3.27% $8,501
LENDUS, LLC 86 3.41% $7,993
HOMESTAR FINANCIAL CORPORATION 85 3.18% $5,766
Carrington Mortgage Services, LLC 73 3.81% $7,478
Network Funding, L.P. 63 3.22% $8,182
BROKER SOLUTIONS, INC. 63 3.13% $7,308
SUCCESS MORTGAGE PARTNERS, INC. 61 3.17% $7,806
GUILD MORTGAGE COMPANY 59 3.19% $8,175
HOMESIDE FINANCIAL, LLC 56 2.99% $9,618
CALIBER HOME LOANS, INC. 56 2.98% $6,453
NEWREZ LLC 49 2.89% $4,453
HOME POINT FINANCIAL CORPORATION 49 2.76% $6,364
Renasant Bank 48 2.96% $9,319
CROSSCOUNTRY MORTGAGE, LLC 46 3.14% $7,459
Paramount Residential Mortgage Group, Inc. 42 3.31% $7,752
PRIMARY RESIDENTIAL MORTGAGE, INC. 39 3.71% $7,491
Ameris Bank 39 3.05% $6,911
Countybank 37 2.77% $7,263
AmeriHome Mortgage Company, LLC 36 3.00% $4,693
TOWNE MORTGAGE COMPANY 36 3.25% $7,481
VILLAGE CAPITAL & INVESTMENT LLC 35 3.11% $2,358
Lakeview Community Capital, LLC 35 2.95% $4,642
INSPIRE HOME LOANS INC. 34 3.22% $5,992
HOMEBRIDGE FINANCIAL SERVICES, INC. 32 3.04% $9,813
Equity Prime Mortgage LLC 29 3.56% $6,788
ACOPIA, LLC 28 3.33% $8,345
AMERISAVE MORTGAGE CORPORATION 28 3.04% $8,090
SOUTHWEST FUNDING, LP 28 3.67% $8,854
Sierra Pacific Mortgage Company, Inc. 27 3.08% $6,850
VANDERBILT MORTGAGE AND FINANCE, INC. 27 3.13% $9,228
NATIONS DIRECT MORTGAGE, LLC 25 3.36% $8,719
Alcova Mortgage LLC 24 3.15% $5,888
HOMEOWNERS FINANCIAL GROUP USA, LLC 21 3.32% $7,940
First Community Bank 21 2.96% $8,162
SWBC MORTGAGE CORPORATION 21 3.41% $5,984
First Heritage Mortgage, LLC 20 2.97% $8,573
ARK-LA-TEX FINANCIAL SERVICES, LLC. 19 3.39% $7,960
First Guaranty Mortgage Corporation 18 2.97% $5,727
UNION HOME MORTGAGE CORP. 18 3.09% $7,442
ATLANTIC BAY MORTGAGE GROUP, L.L.C. 17 3.40% $8,506
Flagstar Bank, FSB 16 2.78% $6,845
CONTOUR MORTGAGE CORPORATION 15 3.24% $7,830
South State Bank 15 3.03% $6,398
KELLER MORTGAGE, LLC 14 2.84% $7,053
CRESCENT MORTGAGE COMPANY 13 2.93% $8,060
GUARANTEED RATE, INC. 13 2.90% $7,422
RESOURCE FINANCIAL SERVICES, INC. 12 3.07% $7,525
CORNERSTONE HOME LENDING, INC. 12 3.22% $6,533
ENVOY MORTGAGE, LTD 11 3.31% $7,773
Magnolia Bank 11 3.01% $6,284
Nations Lending Corporation 10 3.60% $7,603
FINANCE OF AMERICA MORTGAGE LLC 10 3.18% $7,059
Barrington Bank & Trust Company, N.A. 9 3.20% $7,621
INTERLINC MORTGAGE SERVICES, LLC 9 3.26% $6,171
Bank of America 9 2.83% $3,858
CAPITAL CENTER, L.L.C. 9 2.83% $3,898
AMERICAN FINANCIAL NETWORK, INC. 8 3.00% $8,338
RELIANCE FIRST CAPITAL, LLC 8 2.86% $9,033
GENEVA FINANCIAL, LLC 8 3.33% $8,351
Southern First Bank 8 2.78% $8,014
LOANPAL, LLC 8 2.50% $9,870
Hometown Lenders, Inc. 8 3.30% $7,724
HANCOCK MORTGAGE PARTNERS, LLC 7 3.29% $8,194
EAGLE HOME MORTGAGE, LLC 7 2.96% $7,512
RUOFF MORTGAGE COMPANY, INC. 7 3.13% $6,865
PLANET HOME LENDING, LLC 7 2.96% $3,945
OCEANSIDE MORTGAGE COMPANY 7 2.89% $3,264
RAPID MORTGAGE COMPANY 7 3.63% $7,460
United Community Bank 6 2.98% $5,961
NP, Inc. 5 3.30% $7,463
InterContinental Capital Group, Inc 5 3.03% $6,333
PANORAMA MORTGAGE GROUP, LLC 5 2.70% $5,903
MUTUAL OF OMAHA MORTGAGE, INC. 5 3.08% $6,733
SUN WEST MORTGAGE COMPANY, INC. 5 2.95% $5,971
Synovus Bank 5 2.70% $9,977
CHURCHILL MORTGAGE CORPORATION 5 3.15% $7,001
CMG MORTGAGE, INC. 5 3.35% $8,609
Blue Ridge Bank 4 2.75% $5,643
AMERICAN FINANCING CORPORATION 4 2.88% $7,211
MIDLAND MORTGAGE CORPORATION 4 2.94% $10,327
First Federal Bank 4 3.59% $10,551
POLARIS HOME FUNDING CORP. 4 3.22% $7,590
Mortgage Research Center, LLC 4 3.25% $5,025
Wells Fargo Bank 4 3.31% $5,554
PHH Mortgage Corporation 4 3.19% $5,213
Plains Commerce Bank 4 2.88% $9,173
The Federal Savings Bank 4 3.28% $6,774
ZILLOW HOME LOANS, LLC 3 2.75% $8,171
Allen Tate Mortgage Partners, LLC 3 3.13% $8,594
CALCON MUTUAL MORTGAGE LLC 3 3.83% $10,001
DATA MORTGAGE, INC. 3 3.38% $7,213
First-Citizens Bank & Trust Company 3 2.50% $6,740
GoPrime Mortgage, Inc. 3 3.38% $7,413
LOANLEADERS OF AMERICA, INC. 3 3.08% $9,982
MORIA DEVELOPMENT, INC. 3 3.38% $7,397
Regions Bank 3 2.67% $6,153
SOUTHPOINT FINANCIAL SERVICES, INC. 3 2.58% $7,213
TBI MORTGAGE COMPANY 3 2.83% $10,002
Truist Bank 3 2.71% $7,370
United Bank 3 2.58% $7,504
NEW DAY FINANCIAL, LLC 2 3.12% $4,487
Florida Capital Bank 2 2.63% $9,698
STOCKTON MORTGAGE CORPORATION 2 3.06% $7,162
AMERICAN FINANCIAL RESOURCES, INC. 2 3.25% $5,983
Colonial Savings, F.A. 2 3.50% $9,907
BANKSOUTH MORTGAGE COMPANY, LLC 2 2.75% $6,474
Citizens Bank 2 2.75% $5,420
GUARANTEED RATE AFFINITY, LLC 2 3.13% $7,567
OCMBC, INC. 2 3.44% $5,316
ROYAL UNITED MORTGAGE LLC 2 2.88% $9,872
First Palmetto Bank 2 2.88% $5,795
NATIONWIDE MORTGAGE BANKERS, INC. 2 2.88% $8,152
TJC Mortgage, Inc. 2 3.19% $8,717
Servion, Inc. 2 2.81% $6,662
CELEBRITY HOME LOANS, LLC 2 3.75% $10,400
First Horizon Bank 2 3.13% $7,126
Wyndham Capital Mortgage, Inc. 2 2.63% $6,907
EVERETT FINANCIAL, INC. 2 3.19% $5,315
Capital City Home Loans, LLC 2 2.69% $9,757
MYCUMORTGAGE, LLC 2 3.06% $7,626
1ST SIGNATURE LENDING, LLC 2 2.94% $8,330
AMERIFIRST FINANCIAL CORPORATION 2 4.31% $8,994
UNITED MORTGAGE CORP. 2 3.25% $8,964
Loan Simple, Inc. 2 2.31% $9,986
GUARANTY HOME MORTGAGE CORPORATION 2 3.38% $8,165
LEADERONE FINANCIAL CORPORATION 2 3.19% $8,598
Manufacturers and Traders Trust Company 2 3.50% $7,242
FirstBank 2 2.75% $5,272
JPMorgan Chase Bank 2 2.63% $8,740
EMBRACE HOME LOANS, INC. 1 2.88% $8,943
Princeton Mortgage Corporation 1 2.88% $8,163
DIRECT MORTGAGE LOANS, LLC 1 3.63% $9,561
RADIUS FINANCIAL GROUP INC. 1 2.88% $7,465
Colten Mortgage, LLC 1 3.25% $5,685
Residential Mortgage Solutions, Inc. 1 2.85% $8,391
Champion Credit Union 1 2.50% $4,778
Century Mortgage Company DBA Century Lending Company 1 3.75% $6,787
SECURITYNATIONAL MORTGAGE COMPANY 1 2.38% $8,686
CAROLINA ONE MORTGAGE, LLC 1 4.25% $7,073
Advisors Mortgage Group, L.L.C. 1 3.13% $9,506
BETTER MORTGAGE CORPORATION 1 2.88% $7,235
SOUTHWEST STAGE FUNDING, LLC 1 3.75% $14,761
SOVEREIGN LENDING GROUP INCORPORATED 1 2.38% $7,055
STEARNS LENDING, LLC 1 2.38% $5,736
Stifel Bank and Trust 1 2.13% $4,622
Strong Home Mortgage, LLC 1 2.25% $7,497
BAY EQUITY LLC 1 2.88% $6,150
Austin Capital Bank SSB 1 3.25% $6,310
Atlantic Home Loans, Inc. 1 3.63% $9,328
Acre Mortgage and Financial Inc 1 3.63% $10,593
TD Bank 1 3.25% $3,657
Assurance Financial Group, L.L.C. 1 3.13% $8,755
The Park National Bank 1 2.75% $6,889
TOTAL MORTGAGE SERVICES, LLC 1 4.75% $12,294
ANGEL OAK HOME LOANS LLC 1 3.38% $8,063
TruHome Solutions, LLC 1 3.25% $6,312
Truliant Federal Credit Union 1 2.63% $7,469
Trustmark National Bank 1 3.00% $4,463
Amerifirst Financial, Inc. 1 3.38% $8,246
Low VA Rates, LLC 1 3.00% $3,581
MICHIGAN MUTUAL, INC. 1 2.88% $9,200
MID AMERICA MORTGAGE, INC. 1 2.50% $3,047
MLD MORTGAGE INC. 1 2.38% $7,499
American Security Mortgage Corp. 1 3.00% $7,591
Mortgage Assurance Inc. 1 2.63% $7,776
MORTGAGE EQUITY PARTNERS LLC 1 3.75% $6,360
MORTGAGE INVESTORS GROUP, INC. 1 2.75% $8,013
INTERCOASTAL MORTGAGE COMPANY 1 2.63% $8,349
MORTGAGE SOLUTIONS OF COLORADO, LLC 1 4.25% $8,783
Hometown Equity Mortgage, LLC 1 3.63% $6,623
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 1 3.00% $9,850
HAMILTON HOME LOANS, INC. 1 2.88% $6,616
NBKC BANK 1 2.75% $6,841
Goldwater Bank, N.A. 1 2.63% $13,694
George Mason Mortgage, LLC 1 2.88% $11,260
NFM, INC. 1 3.63% $10,410
North American Savings Bank, F.S.B. 1 3.00% $7,541
NORWICH COMMERCIAL GROUP, INC. 1 5.13% $13,596
Gateway First Bank 1 3.13% $3,423
First Savings Bank 1 2.88% $7,649
OPEN MORTGAGE, LLC 1 3.63% $8,644
Paramount Bank 1 2.25% $7,216
FIRST COMMUNITY MORTGAGE, INC. 1 3.38% $4,317
First Bank 1 2.63% $7,031
FIDELITY DIRECT MORTGAGE, LLC 1 3.50% $7,537
FBC MORTGAGE, LLC 1 3.63% $5,398
PLAZA HOME MORTGAGE, INC. 1 3.00% $6,837
PNC Bank 1 2.88% $9,422
FAMILY FIRST FUNDING LLC 1 4.25% $6,156
PREMIA MORTGAGE, LLC 1 2.75% $7,878

The top Greenville FHA lender as defined by loan originations is QUICKEN LOANS, LLC, with 501 FHA loans originated. Their average total fees are $5,940, which is $1,156 lower than the next largest lender, MOVEMENT MORTGAGE, LLC.

The lowest fee Greenville FHA lenders (with over 10 loans originated) are VILLAGE CAPITAL & INVESTMENT LLC ($2,358), Mr. Cooper ( Nationstar Mortgage ) ($4,293), NEWREZ LLC ($4,453), LAKEVIEW LOAN SERVICING, LLC ($4,467) and Lakeview Community Capital, LLC ($4,642).

The lowest rate Greenville FHA lenders (with over 10 loans originated) are APEX HOME LOANS, INC. (2.59%), QUICKEN LOANS, LLC (2.73%), HOME POINT FINANCIAL CORPORATION (2.76%), Countybank (2.77%) and Flagstar Bank, FSB (2.78%).

Greenville FHA Loan Limits

Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
GREENVILLE-ANDERSON, SC ANDERSON 2022 $420,680 $538,650 $651,050 $809,150
GREENVILLE-ANDERSON, SC GREENVILLE 2022 $420,680 $538,650 $651,050 $809,150
GREENVILLE-ANDERSON, SC LAURENS 2022 $420,680 $538,650 $651,050 $809,150
GREENVILLE-ANDERSON, SC PICKENS 2022 $420,680 $538,650 $651,050 $809,150

Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Greenville (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 $265,400 (5.6%) $344,035 (2.0%) 0.98 3,623
2018-02-01 $268,995 (5.7%) $357,626 (5.8%) 0.97 3,630
2018-03-01 $270,000 (3.9%) $361,883 (6.0%) 0.93 3,655
2018-04-01 $274,700 (3.9%) $369,997 (4.5%) 0.92 3,790
2018-05-01 $273,990 (3.4%) $373,140 (6.4%) 0.91 3,907
2018-06-01 $275,161 (2.8%) $375,800 (6.6%) 0.92 4,001
2018-07-01 $274,950 (2.2%) $370,407 (4.1%) 0.92 4,032
2018-08-01 $273,750 (2.0%) $371,372 (4.9%) 0.91 3,987
2018-09-01 $264,966 (-1.1%) $366,227 (4.3%) 0.89 4,177
2018-10-01 $261,293 (-3.1%) $363,675 (2.6%) 0.87 4,227
2018-11-01 $263,094 (-1.8%) $364,549 (3.3%) 0.88 4,137
2018-12-01 $259,965 (-1.9%) $359,904 (3.5%) 0.89 4,003
2019-01-01 $262,445 (-1.1%) $361,972 (5.2%) 0.91 3,747
2019-02-01 $264,825 (-1.6%) $363,825 (1.7%) 0.89 3,617
2019-03-01 $273,714 (1.4%) $372,553 (3.0%) 0.89 3,543
2019-04-01 $280,484 (2.1%) $381,775 (3.2%) 0.88 3,501
2019-05-01 $282,450 (3.1%) $385,929 (3.4%) 0.87 3,666
2019-06-01 $279,900 (1.7%) $386,504 (2.9%) 0.86 3,901
2019-07-01 $275,675 (0.3%) $389,895 (5.3%) 0.86 4,091
2019-08-01 $274,963 (0.4%) $385,790 (3.9%) 0.87 4,060
2019-09-01 $269,057 (1.5%) $375,657 (2.6%) 0.85 4,038
2019-10-01 $270,950 (3.7%) $381,804 (5.0%) 0.86 4,122
2019-11-01 $269,900 (2.6%) $383,155 (5.1%) 0.87 4,071
2019-12-01 $265,000 (1.9%) $374,505 (4.1%) 0.88 3,804
2020-01-01 $267,400 (1.9%) $374,125 (3.4%) 0.89 3,603
2020-02-01 $272,500 (2.9%) $386,126 (6.1%) 0.88 3,371
2020-03-01 $276,395 (1.0%) $398,427 (7.0%) 0.86 3,386
2020-04-01 $279,250 (-0.4%) $401,430 (5.2%) 0.87 3,466
2020-05-01 $284,681 (0.8%) $417,193 (8.1%) 0.86 3,327
2020-06-01 $290,495 (3.8%) $429,143 (11.0%) 0.85 2,952
2020-07-01 $287,458 (4.3%) $431,994 (10.8%) 0.82 2,827
2020-08-01 $289,900 (5.4%) $440,582 (14.2%) 0.83 2,667
2020-09-01 $289,950 (7.8%) $440,748 (17.3%) 0.83 2,482
2020-10-01 $285,000 (5.2%) $429,500 (12.5%) 0.81 2,437
2020-11-01 $281,517 (4.3%) $415,924 (8.6%) 0.81 2,426
2020-12-01 $278,532 (5.1%) $411,796 (10.0%) 0.82 2,286
2021-01-01 $274,445 (2.6%) $412,740 (10.3%) 0.81 1,998
2021-02-01 $278,845 (2.3%) $420,561 (8.9%) 0.80 1,726
2021-03-01 $294,000 (6.4%) $435,950 (9.4%) 0.82 1,433
2021-04-01 $303,495 (8.7%) $458,085 (14.1%) 0.82 1,271
2021-05-01 $299,990 (5.4%) $467,747 (12.1%) 0.79 1,151
2021-06-01 $311,956 (7.4%) $477,625 (11.3%) 0.81 1,199
2021-07-01 $313,331 (9.0%) $471,479 (9.1%) 0.81 1,406
2021-08-01 $328,850 (13.4%) $481,668 (9.3%) 0.86 1,525
2021-09-01 $325,495 (12.3%) $466,138 (5.8%) 0.86 1,558
2021-10-01 $327,000 (14.7%) $469,410 (9.3%) 0.86 1,527
2021-11-01 $325,000 (15.5%) $466,783 (12.2%) 0.86 1,470
2021-12-01 $319,547 (14.7%) $469,371 (14.0%) 0.85 1,390
2022-01-01 $317,990 (15.9%) $465,553 (12.8%) 0.85 1,171
2022-02-01 $333,580 (19.6%) $489,925 (16.5%) 0.85 975
2022-03-01 $335,480 (14.1%) $500,747 (14.9%) 0.83 913
2022-04-01 $349,500 (15.2%) $495,605 (8.2%) 0.82 966
Greenville's median listing price for 2022-04-01 was $349,500, a difference of $46,005 (15.2%) versus the prior year and $14,020 versus the prior month.

Greenville's median listing price comes in at 82% of the national average.

Greenville's average listing price for 2022-04-01 was $495,605, a difference of $37,520 (8.2%) versus the prior year and $-5,142 versus the prior month.

For the 2022-04-01 period, Greenville had 966 MLS listings, a difference of 53 listings (6%) versus the prior month and -305 listings (-24%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Greenville (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 82 days 2,447 sqft
2018-02-01 79 days 2,452 sqft
2018-03-01 63 days 2,320 sqft
2018-04-01 61 days 2,386 sqft
2018-05-01 56 days 2,383 sqft
2018-06-01 60 days 2,400 sqft
2018-07-01 66 days 2,342 sqft
2018-08-01 70 days 2,279 sqft
2018-09-01 68 days 2,231 sqft
2018-10-01 67 days 2,206 sqft
2018-11-01 71 days 2,149 sqft
2018-12-01 81 days 2,100 sqft
2019-01-01 91 days 2,100 sqft
2019-02-01 89 days 2,088 sqft
2019-03-01 69 days 2,176 sqft
2019-04-01 59 days 2,252 sqft
2019-05-01 55 days 2,239 sqft
2019-06-01 57 days 2,219 sqft
2019-07-01 57 days 2,235 sqft
2019-08-01 59 days 2,209 sqft
2019-09-01 65 days 2,191 sqft
2019-10-01 66 days 2,172 sqft
2019-11-01 67 days 2,200 sqft
2019-12-01 76 days 2,135 sqft
2020-01-01 82 days 2,130 sqft
2020-02-01 80 days 2,144 sqft
2020-03-01 64 days 2,229 sqft
2020-04-01 64 days 2,264 sqft
2020-05-01 70 days 2,272 sqft
2020-06-01 77 days 2,281 sqft
2020-07-01 64 days 2,286 sqft
2020-08-01 58 days 2,225 sqft
2020-09-01 57 days 2,099 sqft
2020-10-01 57 days 2,089 sqft
2020-11-01 56 days 2,078 sqft
2020-12-01 65 days 2,071 sqft
2021-01-01 71 days 1,957 sqft
2021-02-01 63 days 1,941 sqft
2021-03-01 55 days 1,846 sqft
2021-04-01 55 days 1,960 sqft
2021-05-01 45 days 2,060 sqft
2021-06-01 43 days 2,123 sqft
2021-07-01 37 days 2,103 sqft
2021-08-01 40 days 2,207 sqft
2021-09-01 44 days 2,150 sqft
2021-10-01 49 days 1,995 sqft
2021-11-01 49 days 1,905 sqft
2021-12-01 51 days 1,984 sqft
2022-01-01 57 days 2,000 sqft
2022-02-01 46 days 1,953 sqft
2022-03-01 39 days 1,924 sqft
2022-04-01 36 days 1,956 sqft
Greenville's median listing age (time on market) for 2022-04-01 was 36 days. This is -34% shorter than the same period one year ago.

Greenville's median square footage for active listings during the 2022-04-01 period was 1,956 sqft. One year prior, the average listing was 1,960 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).