Greenville FHA Loan Rates, Closing Costs & Stats
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 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
6.67%
for the week of 2024-04-19, compared to the national average (all FHA variants) of
6.855% for the same period.
Greenville's average FHA mortgage closing costs are $7,722.
The average rate for the prior week (2024-04-12) was
6.66% and
one month ago for the week of 2024-03-15, the
average rate was 6.63%.
The average rate one year ago was 5.96%.
For refis of the same type during the week of 2024-04-19, the average rate
was 7.07%.
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.
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 |
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 | $269,410 (3.8%) | $352,368 (1.6%) | 1.00 | 3,079 |
| 2018-02-01 | $269,950 (3.9%) | $366,949 (5.6%) | 0.98 | 3,082 |
| 2018-03-01 | $274,850 (3.7%) | $370,402 (4.4%) | 0.96 | 3,137 |
| 2018-04-01 | $275,150 (2.5%) | $375,675 (3.3%) | 0.93 | 3,263 |
| 2018-05-01 | $274,600 (1.7%) | $379,079 (4.8%) | 0.92 | 3,371 |
| 2018-06-01 | $278,711 (1.5%) | $383,191 (4.5%) | 0.93 | 3,455 |
| 2018-07-01 | $275,000 (0.0%) | $378,803 (3.0%) | 0.92 | 3,471 |
| 2018-08-01 | $273,950 (0.1%) | $380,093 (3.8%) | 0.92 | 3,443 |
| 2018-09-01 | $265,452 (-1.7%) | $374,424 (3.6%) | 0.89 | 3,561 |
| 2018-10-01 | $263,910 (-2.2%) | $372,107 (1.9%) | 0.89 | 3,616 |
| 2018-11-01 | $264,700 (-1.9%) | $374,014 (2.4%) | 0.90 | 3,532 |
| 2018-12-01 | $260,000 (-3.4%) | $366,897 (1.8%) | 0.90 | 3,426 |
| 2019-01-01 | $264,675 (-1.8%) | $368,479 (4.6%) | 0.91 | 3,228 |
| 2019-02-01 | $264,790 (-1.9%) | $369,569 (0.7%) | 0.89 | 3,146 |
| 2019-03-01 | $275,814 (0.4%) | $379,834 (2.6%) | 0.90 | 3,069 |
| 2019-04-01 | $284,575 (3.4%) | $389,534 (3.7%) | 0.90 | 3,032 |
| 2019-05-01 | $286,007 (4.2%) | $395,112 (4.2%) | 0.89 | 3,188 |
| 2019-06-01 | $284,777 (2.2%) | $396,193 (3.4%) | 0.89 | 3,329 |
| 2019-07-01 | $280,746 (2.1%) | $400,490 (5.7%) | 0.88 | 3,512 |
| 2019-08-01 | $278,636 (1.7%) | $397,866 (4.7%) | 0.88 | 3,504 |
| 2019-09-01 | $276,591 (4.2%) | $393,610 (5.1%) | 0.89 | 3,503 |
| 2019-10-01 | $275,227 (4.3%) | $391,577 (5.2%) | 0.89 | 3,490 |
| 2019-11-01 | $274,900 (3.9%) | $393,132 (5.1%) | 0.90 | 3,392 |
| 2019-12-01 | $269,900 (3.8%) | $386,736 (5.4%) | 0.90 | 3,206 |
| 2020-01-01 | $269,713 (1.9%) | $386,124 (4.8%) | 0.90 | 3,063 |
| 2020-02-01 | $276,500 (4.4%) | $400,282 (8.3%) | 0.91 | 2,891 |
| 2020-03-01 | $279,900 (1.5%) | $408,366 (7.5%) | 0.88 | 2,902 |
| 2020-04-01 | $279,948 (-1.6%) | $405,230 (4.0%) | 0.88 | 3,000 |
| 2020-05-01 | $285,945 (0.0%) | $418,816 (6.0%) | 0.87 | 2,910 |
| 2020-06-01 | $298,081 (4.7%) | $434,790 (9.7%) | 0.88 | 2,572 |
| 2020-07-01 | $290,000 (3.3%) | $432,670 (8.0%) | 0.84 | 2,471 |
| 2020-08-01 | $290,500 (4.3%) | $441,344 (10.9%) | 0.83 | 2,310 |
| 2020-09-01 | $290,278 (5.0%) | $445,756 (13.3%) | 0.83 | 2,131 |
| 2020-10-01 | $284,845 (3.5%) | $431,507 (10.2%) | 0.82 | 2,102 |
| 2020-11-01 | $279,900 (1.8%) | $417,233 (6.1%) | 0.82 | 2,104 |
| 2020-12-01 | $276,745 (2.5%) | $411,745 (6.5%) | 0.82 | 1,948 |
| 2021-01-01 | $277,323 (2.8%) | $418,833 (8.5%) | 0.83 | 1,699 |
| 2021-02-01 | $283,745 (2.6%) | $432,977 (8.2%) | 0.83 | 1,466 |
| 2021-03-01 | $296,320 (5.9%) | $454,798 (11.4%) | 0.84 | 1,246 |
| 2021-04-01 | $312,425 (11.6%) | $479,286 (18.3%) | 0.85 | 1,098 |
| 2021-05-01 | $304,618 (6.5%) | $498,294 (19.0%) | 0.81 | 1,007 |
| 2021-06-01 | $319,000 (7.0%) | $501,274 (15.3%) | 0.84 | 1,071 |
| 2021-07-01 | $318,876 (10.0%) | $491,126 (13.5%) | 0.84 | 1,254 |
| 2021-08-01 | $341,775 (17.7%) | $511,640 (15.9%) | 0.91 | 1,304 |
| 2021-09-01 | $347,576 (19.7%) | $515,943 (15.8%) | 0.93 | 1,308 |
| 2021-10-01 | $335,783 (17.9%) | $506,234 (17.3%) | 0.90 | 1,309 |
| 2021-11-01 | $330,000 (17.9%) | $505,112 (21.1%) | 0.88 | 1,241 |
| 2021-12-01 | $330,358 (19.4%) | $500,326 (21.5%) | 0.89 | 1,182 |
| 2022-01-01 | $329,000 (18.6%) | $499,531 (19.3%) | 0.89 | 1,035 |
| 2022-02-01 | $345,000 (21.6%) | $509,991 (17.8%) | 0.90 | 862 |
| 2022-03-01 | $342,425 (15.6%) | $510,853 (12.3%) | 0.86 | 821 |
| 2022-04-01 | $353,655 (13.2%) | $511,866 (6.8%) | 0.84 | 860 |
| 2022-05-01 | $356,787 (17.1%) | $509,279 (2.2%) | 0.82 | 1,101 |
| 2022-06-01 | $355,787 (11.5%) | $491,691 (-1.9%) | 0.79 | 1,383 |
| 2022-07-01 | $354,900 (11.3%) | $488,240 (-0.6%) | 0.80 | 1,787 |
| 2022-08-01 | $352,541 (3.2%) | $487,079 (-4.8%) | 0.82 | 1,931 |
| 2022-09-01 | $349,925 (0.7%) | $479,157 (-7.1%) | 0.82 | 2,037 |
| 2022-10-01 | $345,788 (3.0%) | $477,076 (-5.8%) | 0.81 | 2,286 |
| 2022-11-01 | $342,706 (3.9%) | $475,314 (-5.9%) | 0.82 | 2,425 |
| 2022-12-01 | $339,900 (2.9%) | $471,825 (-5.7%) | 0.84 | 2,262 |
| 2023-01-01 | $336,950 (2.4%) | $462,757 (-7.4%) | 0.83 | 2,050 |
| 2023-02-01 | $335,900 (-2.6%) | $465,163 (-8.8%) | 0.81 | 1,986 |
| 2023-03-01 | $336,975 (-1.6%) | $474,638 (-7.1%) | 0.79 | 1,902 |
| 2023-04-01 | $348,900 (-1.3%) | $511,321 (-0.1%) | 0.81 | 1,740 |
| 2023-05-01 | $349,950 (-1.9%) | $523,783 (2.9%) | 0.79 | 1,733 |
| 2023-06-01 | $352,450 (-0.9%) | $538,858 (9.6%) | 0.79 | 1,793 |
| 2023-07-01 | $357,500 (0.7%) | $531,305 (8.8%) | 0.81 | 1,879 |
| 2023-08-01 | $351,750 (-0.2%) | $519,384 (6.6%) | 0.81 | 1,974 |
| 2023-09-01 | $359,900 (2.9%) | $527,281 (10.0%) | 0.84 | 2,038 |
| 2023-10-01 | $359,950 (4.1%) | $524,147 (9.9%) | 0.85 | 2,187 |
| 2023-11-01 | $362,350 (5.7%) | $532,633 (12.1%) | 0.86 | 2,234 |
| 2023-12-01 | $359,000 (5.6%) | $527,612 (11.8%) | 0.88 | 2,121 |
| 2024-01-01 | $358,651 (6.4%) | $526,132 (13.7%) | 0.88 | 2,079 |
| 2024-02-01 | $357,125 (6.3%) | $512,741 (10.2%) | 0.86 | 2,017 |
| 2024-03-01 | $355,000 (5.4%) | $508,729 (7.2%) | 0.84 | 2,121 |
Greenville's median listing price comes in at 84% of the national average.
Greenville's average listing price for 2024-03-01 was $508,729, a difference of $34,091 (7.2%) versus the prior year and $-4,012 versus the prior month.
For the 2024-03-01 period, Greenville had 2,121 MLS listings, a difference of 104 listings (5%) versus the prior month and 219 listings (12%) 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 | 81 days | 2,146 sqft |
| 2018-02-01 | 76 days | 2,149 sqft |
| 2018-03-01 | 57 days | 2,301 sqft |
| 2018-04-01 | 52 days | 2,338 sqft |
| 2018-05-01 | 51 days | 2,282 sqft |
| 2018-06-01 | 55 days | 2,266 sqft |
| 2018-07-01 | 60 days | 2,243 sqft |
| 2018-08-01 | 65 days | 2,206 sqft |
| 2018-09-01 | 64 days | 2,153 sqft |
| 2018-10-01 | 64 days | 2,131 sqft |
| 2018-11-01 | 68 days | 2,125 sqft |
| 2018-12-01 | 77 days | 2,100 sqft |
| 2019-01-01 | 86 days | 2,096 sqft |
| 2019-02-01 | 82 days | 2,077 sqft |
| 2019-03-01 | 70 days | 2,132 sqft |
| 2019-04-01 | 56 days | 2,198 sqft |
| 2019-05-01 | 51 days | 2,210 sqft |
| 2019-06-01 | 54 days | 2,183 sqft |
| 2019-07-01 | 54 days | 2,193 sqft |
| 2019-08-01 | 57 days | 2,134 sqft |
| 2019-09-01 | 61 days | 2,108 sqft |
| 2019-10-01 | 65 days | 2,094 sqft |
| 2019-11-01 | 67 days | 2,099 sqft |
| 2019-12-01 | 77 days | 2,079 sqft |
| 2020-01-01 | 79 days | 2,095 sqft |
| 2020-02-01 | 73 days | 2,117 sqft |
| 2020-03-01 | 61 days | 2,175 sqft |
| 2020-04-01 | 60 days | 2,180 sqft |
| 2020-05-01 | 64 days | 2,204 sqft |
| 2020-06-01 | 70 days | 2,238 sqft |
| 2020-07-01 | 58 days | 2,239 sqft |
| 2020-08-01 | 52 days | 2,242 sqft |
| 2020-09-01 | 51 days | 2,089 sqft |
| 2020-10-01 | 52 days | 2,050 sqft |
| 2020-11-01 | 53 days | 1,998 sqft |
| 2020-12-01 | 59 days | 1,991 sqft |
| 2021-01-01 | 68 days | 1,972 sqft |
| 2021-02-01 | 55 days | 1,919 sqft |
| 2021-03-01 | 51 days | 1,888 sqft |
| 2021-04-01 | 50 days | 1,954 sqft |
| 2021-05-01 | 40 days | 1,915 sqft |
| 2021-06-01 | 37 days | 1,916 sqft |
| 2021-07-01 | 33 days | 1,957 sqft |
| 2021-08-01 | 37 days | 2,007 sqft |
| 2021-09-01 | 44 days | 2,013 sqft |
| 2021-10-01 | 44 days | 1,944 sqft |
| 2021-11-01 | 45 days | 1,901 sqft |
| 2021-12-01 | 49 days | 1,934 sqft |
| 2022-01-01 | 54 days | 1,931 sqft |
| 2022-02-01 | 40 days | 1,956 sqft |
| 2022-03-01 | 37 days | 1,957 sqft |
| 2022-04-01 | 34 days | 1,877 sqft |
| 2022-05-01 | 32 days | 2,010 sqft |
| 2022-06-01 | 32 days | 1,949 sqft |
| 2022-07-01 | 34 days | 2,000 sqft |
| 2022-08-01 | 41 days | 1,965 sqft |
| 2022-09-01 | 45 days | 2,015 sqft |
| 2022-10-01 | 46 days | 2,142 sqft |
| 2022-11-01 | 51 days | 2,151 sqft |
| 2022-12-01 | 64 days | 2,007 sqft |
| 2023-01-01 | 75 days | 1,949 sqft |
| 2023-02-01 | 65 days | 1,914 sqft |
| 2023-03-01 | 51 days | 1,926 sqft |
| 2023-04-01 | 47 days | 2,037 sqft |
| 2023-05-01 | 43 days | 2,058 sqft |
| 2023-06-01 | 44 days | 2,076 sqft |
| 2023-07-01 | 43 days | 2,100 sqft |
| 2023-08-01 | 44 days | 2,019 sqft |
| 2023-09-01 | 44 days | 2,080 sqft |
| 2023-10-01 | 44 days | 2,081 sqft |
| 2023-11-01 | 46 days | 2,112 sqft |
| 2023-12-01 | 56 days | 2,178 sqft |
| 2024-01-01 | 63 days | 2,167 sqft |
| 2024-02-01 | 48 days | 2,135 sqft |
| 2024-03-01 | 42 days | 2,175 sqft |
Greenville's median square footage for active listings during the 2024-03-01 period was 2,175 sqft. One year prior, the average listing was 1,926 sqft.