Greenville FHA Loan Rates, Closing Costs & Stats

GREENVILLE-ANDERSON, SC

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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.

    Greenville's 179 lenders originated 3,165 FHA loans during 2023. The total origination value was $821,845,000, with an average FHA loan value of $259,667.

    Greenville FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Greenville averaged 5.97% for the week of 2024-10-25, compared to the national average (all FHA variants) of 6.253% for the same period.

    Greenville's average FHA mortgage closing costs are $7,722.

    The average rate for the prior week (2024-10-18) was 6.06% and one month ago for the week of 2024-09-20, the average rate was 5.78%.

    The average rate one year ago was 7.22%.

    For refis of the same type during the week of 2024-10-25, the average rate was 6.47%.

    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/closing costs and rates for FHA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Greenville level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    QUICKEN LOANS, LLC 314 6.16% $10,945
    DHI MORTGAGE COMPANY, LTD. 201 5.31% $8,179
    NVR Mortgage Finance, Inc. 171 6.01% $11,422
    UNITED WHOLESALE MORTGAGE, LLC 134 6.23% $13,039
    PRIMELENDING, A PLAINSCAPITAL COMPANY 127 6.29% $12,640
    LOANDEPOT.COM, LLC 116 6.00% $10,910
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 90 6.55% $10,317
    MOVEMENT MORTGAGE, LLC 80 6.77% $10,891
    CARDINAL FINANCIAL 78 6.45% $13,363
    FBC MORTGAGE, LLC 74 5.49% $8,873
    CROSSCOUNTRY MORTGAGE, LLC 72 6.75% $12,023
    ON Q FINANCIAL, INC. 68 6.67% $9,523
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 60 6.57% $11,679
    ACOPIA, LLC 56 6.52% $12,687
    American Mortgage & Equity Consultants, Inc. 56 6.30% $12,932
    BROKER SOLUTIONS, INC. 55 6.65% $10,947
    EAGLE HOME MORTGAGE, LLC 53 6.41% $11,915
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 47 6.73% $11,222
    Renasant Bank 43 6.19% $12,097
    FREEDOM MORTGAGE CORPORATION 41 6.96% $12,298
    PENNYMAC LOAN SERVICES, LLC 37 6.13% $12,098
    TOWNE MORTGAGE COMPANY 32 6.32% $10,821
    NEWREZ LLC 30 6.54% $9,649
    HOMESIDE FINANCIAL, LLC 30 7.07% $12,269
    Mr. Cooper ( Nationstar Mortgage ) 27 5.92% $14,473
    Southern First Bank 25 6.52% $10,685
    GUILD MORTGAGE COMPANY 25 6.53% $10,384
    Carrington Mortgage Services, LLC 20 6.09% $13,240
    Flagstar Bank, FSB 20 6.30% $9,669
    HOMEOWNERS FINANCIAL GROUP USA, LLC 20 6.66% $13,095
    Ameris Bank 18 6.22% $9,715
    First Heritage Mortgage, LLC 18 6.58% $16,062
    UNION HOME MORTGAGE CORP. 17 7.06% $9,890
    HOMESTAR FINANCIAL CORPORATION 17 6.93% $8,015
    AMERISAVE MORTGAGE CORPORATION 17 6.26% $14,777
    AMERICAN PACIFIC MORTGAGE CORPORATION 16 6.59% $10,735
    VANDERBILT MORTGAGE AND FINANCE, INC. 16 6.31% $12,762
    LAKEVIEW LOAN SERVICING, LLC 15 6.39% $13,270
    Sierra Pacific Mortgage Company, Inc. 15 5.93% $12,288
    Countybank 15 6.87% $9,666
    AMERICAN FINANCIAL NETWORK, INC. 15 6.84% $10,394
    MUTUAL OF OMAHA MORTGAGE, INC. 15 6.59% $11,778
    GENEVA FINANCIAL, LLC 13 6.32% $10,861
    Equity Prime Mortgage LLC 13 7.23% $11,042
    MID AMERICA MORTGAGE, INC. 13 6.81% $9,209
    Paramount Residential Mortgage Group, Inc. 12 6.68% $11,598
    Network Funding, L.P. 12 6.96% $10,386
    First Community Bank 12 6.82% $12,099
    HOMEBRIDGE FINANCIAL SERVICES, INC. 12 6.55% $9,624
    PRIMARY RESIDENTIAL MORTGAGE, INC. 12 6.58% $10,295
    South State Bank 11 6.65% $9,426
    LOANPAL, LLC 10 5.94% $12,013
    Century Mortgage Company DBA Century Lending Company 10 6.33% $10,641
    CRESCENT MORTGAGE COMPANY 10 6.55% $9,335
    EVERETT FINANCIAL, INC. 10 7.04% $12,450
    CMG MORTGAGE, INC. 9 6.83% $11,163
    AMERICAN FINANCING CORPORATION 9 6.22% $10,933
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 9 6.69% $9,667
    Regions Bank 8 6.31% $9,256
    SUN WEST MORTGAGE COMPANY, INC. 8 6.47% $9,497
    Truist 8 6.35% $7,726
    Wells Fargo Bank 8 6.75% $7,014
    United Community Bank 8 6.50% $7,245
    AMERICAN FINANCIAL RESOURCES, INC. 8 6.00% $12,903
    Magnolia Bank 7 6.59% $11,079
    PLANET HOME LENDING, LLC 7 5.79% $7,905
    RELIANCE FIRST CAPITAL, LLC 7 6.89% $12,084
    CITY FIRST MORTGAGE SERVICES, L.L.C. 7 6.87% $11,782
    MORTGAGE SOLUTIONS OF COLORADO, LLC 6 7.00% $13,911
    Alcova Mortgage LLC 6 6.44% $7,108
    CONTOUR MORTGAGE CORPORATION 6 6.92% $14,531
    HOWARD HANNA FINANCIAL SERVICES, INC. 6 6.60% $9,714
    Princeton Mortgage Corporation 6 6.81% $10,599
    TOP FLITE FINANCIAL, INC. 6 6.83% $10,918
    DELMAR FINANCIAL COMPANY 6 7.12% $10,375
    Synovus Bank 5 6.23% $9,039
    GSF Mortgage Corporation 5 6.38% $9,396
    STOCKTON MORTGAGE CORPORATION 5 6.53% $12,822
    GUARANTEED RATE, INC. 5 6.49% $10,712
    INSPIRE HOME LOANS INC. 5 5.78% $8,415
    Mortgage Research Center, LLC 5 6.67% $10,229
    PHH Mortgage Corporation 5 6.48% $10,319
    Bank of America 5 6.18% $6,142
    RESOURCE FINANCIAL SERVICES, INC. 5 6.98% $9,137
    FIRST COMMUNITY MORTGAGE, INC. 5 6.25% $12,819
    VERITAS FUNDING, LLC 5 6.70% $18,592
    First-Citizens Bank & Trust Company 5 5.93% $9,777
    NORWICH COMMERCIAL GROUP, INC. 4 6.44% $11,399
    BAY EQUITY LLC 4 6.53% $13,014
    Nations Lending Corporation 4 6.75% $11,122
    TOTAL MORTGAGE SERVICES, LLC 4 6.91% $9,269
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 4 7.65% $10,896
    NFM, INC. 4 7.22% $10,417
    ZILLOW HOME LOANS, LLC 4 6.84% $11,136
    First Palmetto Bank 4 7.06% $7,934
    LEGEND LENDING CORPORATION 4 6.50% $16,859
    PLAZA HOME MORTGAGE, INC. 4 6.87% $10,397
    NEW FED MORTGAGE, CORP. 4 6.75% $12,920
    RAPID MORTGAGE COMPANY 3 6.71% $10,642
    ALLIED MORTGAGE GROUP, INC. 3 6.29% $11,343
    BANKSOUTH MORTGAGE COMPANY, LLC 3 6.37% $10,582
    Blue Ridge Bank 3 6.29% $8,758
    INTERLINC MORTGAGE SERVICES, LLC 3 7.13% $9,502
    MICHIGAN MUTUAL, INC. 3 5.58% $17,226
    NATIONS DIRECT MORTGAGE, LLC 3 6.54% $15,840
    Plains Commerce Bank 3 6.25% $13,570
    SOUTHPOINT FINANCIAL SERVICES, INC. 3 7.00% $8,144
    SWBC MORTGAGE CORPORATION 3 7.00% $7,418
    TruHome Solutions, LLC 3 6.83% $11,585
    VILLAGE CAPITAL MORTGAGE 3 7.29% $11,190
    ROYAL UNITED MORTGAGE LLC 2 7.56% $4,765
    MEMBER FIRST MORTGAGE, LLC 2 6.94% $7,522
    PENTAGON FEDERAL CREDIT UNION 2 5.75% $8,180
    LADERA LENDING, INC. 2 6.88% $8,943
    Capital City Home Loans, LLC 2 6.50% $9,330
    Pinnacle Bank 2 5.69% $12,148
    Prosperity Home Mortgage, LLC 2 6.19% $10,799
    Northpointe Bank 2 6.44% $14,721
    BETTER MORTGAGE CORPORATION 2 6.31% $13,733
    Truliant Federal Credit Union 2 6.00% $9,179
    NEXERA HOLDING LLC 2 5.38% $3,208
    JPMorgan Chase Bank 2 5.87% $14,951
    COMPASS MORTGAGE, INC. 2 6.88% $7,099
    Atlantic Coast Mortgage, LLC 2 6.44% $10,696
    FIRST INTEGRITY MORTGAGE SERVICES, INC. 2 7.44% $3,329
    Waterstone Mortgage Corporation 2 5.75% $8,178
    First Federal Bank 2 7.13% $6,450
    POLARIS HOME FUNDING CORP. 2 7.44% $11,151
    AmeriHome Mortgage Company, LLC 2 5.63% $14,941
    TD Bank 2 5.88% $7,256
    The Federal Savings Bank 2 6.50% $10,251
    M&T Bank 2 6.69% $9,541
    NEW DAY FINANCIAL, LLC 2 7.50% $10,281
    MORTGAGE INVESTORS GROUP, INC. 2 6.00% $9,104
    CREDIT UNION MORTGAGE ASSOCIATION, INC. 1 5.75% $10,877
    SOUTHWEST STAGE FUNDING, LLC 1 7.25% $6,700
    CIS Financial Services, Inc. 1 7.13% $10,951
    CHURCHILL MORTGAGE CORPORATION 1 6.13% $8,087
    TBI MORTGAGE COMPANY 1 5.25% $17,974
    The Loan Store, Inc. 1 6.38% $17,608
    The Park National Bank 1 7.00% $9,049
    THRIVE MORTGAGE, LLC 1 7.13% $9,217
    CAROLINA ONE MORTGAGE, LLC 1 6.63% $8,854
    Towne Bank 1 6.00% $11,745
    CALIBER HOME LOANS, INC. 1 7.25% $9,472
    Allen Tate Mortgage Partners, LLC 1 6.00% $10,504
    Trustmark National Bank 1 7.13% $8,299
    BAYSHORE MORTGAGE FUNDING, LLC 1 6.13% $8,282
    Axos Bank 1 5.63% $12,718
    Univest Bank and Trust Co. 1 6.38% $6,421
    U.S. Bank 1 7.13% $8,901
    US MORTGAGE CORPORATION 1 7.50% $8,188
    AmRes Corporation 1 7.49% $9,040
    NBKC BANK 1 7.50% $8,650
    Neighborhood Loans, Inc. 1 5.25% $13,167
    Mortgage Lenders Investment Trading Corporation 1 7.25% $11,449
    MORTGAGE EQUITY PARTNERS LLC 1 6.00% $11,824
    MLB RESIDENTIAL LENDING, LLC 1 6.13% $11,702
    MILEND, INC. 1 7.13% $17,428
    OCEANSIDE MORTGAGE COMPANY 1 5.50% $7,177
    PACIFIC RESIDENTIAL MORTGAGE, LLC 1 6.63% $8,362
    LIBERTY HOME MORTGAGE CORPORATION 1 7.50% $17,399
    Lakeview Community Capital, LLC 1 6.75% $11,612
    Advisors Mortgage Group, L.L.C. 1 6.88% $15,605
    KELLER MORTGAGE, LLC 1 5.88% $8,390
    PREMIER MORTGAGE RESOURCES, L.L.C. 1 7.25% $21,618
    INTERCOASTAL MORTGAGE COMPANY 1 6.12% $7,329
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 1 7.49% $11,306
    GUARANTY HOME MORTGAGE CORPORATION 1 7.25% $19,215
    GUARANTEED RATE AFFINITY, LLC 1 6.75% $6,635
    1ST 2ND MORTGAGE COMPANY OF N.J., INC. 1 6.75% $8,131
    Fulton Bank 1 6.63% $9,318
    FIRST ALLIANCE HOME MORTGAGE, LLC 1 7.25% $10,114
    RUOFF MORTGAGE COMPANY, INC. 1 5.50% $6,704
    SeaTrust Mortgage Company 1 6.63% $9,681
    Shamrock Home Loans, Inc. 1 6.63% $8,068
    Fifth Third Bank 1 7.63% $9,987
    EMM LOANS LLC 1 6.25% $13,352
    V.I.P. MORTGAGE, INC. 1 5.99% $17,301

    The top Greenville FHA lender as defined by loan originations is QUICKEN LOANS, LLC, with 314 FHA loans originated. Their average total fees are $10,945, which is $2,766 higher than the next largest lender, DHI MORTGAGE COMPANY, LTD..

    The lowest fee Greenville FHA lenders (with over 10 loans originated) are HOMESTAR FINANCIAL CORPORATION ($8,015), DHI MORTGAGE COMPANY, LTD. ($8,179), FBC MORTGAGE, LLC ($8,873), MID AMERICA MORTGAGE, INC. ($9,209) and CRESCENT MORTGAGE COMPANY ($9,335).

    The lowest rate Greenville FHA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (5.31%), FBC MORTGAGE, LLC (5.49%), Mr. Cooper ( Nationstar Mortgage ) (5.92%), Sierra Pacific Mortgage Company, Inc. (5.93%) and LOANPAL, LLC (5.94%).

    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
    GREENVILLE-ANDERSON, SC ANDERSON 2023 $472,030 $604,400 $730,525 $907,900
    GREENVILLE-ANDERSON, SC GREENVILLE 2023 $472,030 $604,400 $730,525 $907,900
    GREENVILLE-ANDERSON, SC LAURENS 2023 $472,030 $604,400 $730,525 $907,900
    GREENVILLE-ANDERSON, SC PICKENS 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).