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 184 lenders originated 3,485 FHA loans during 2022. The total origination value was $885,125,000, with an average FHA loan value of $253,981.
Greenville FHA Loans, 30 Year Fixed Rates
30 Year FHA mortgages in Greenville
averaged
-0.28%
for the week of 2023-11-24, compared to the national average (all FHA variants) of
0% for the same period.
Greenville's average FHA mortgage closing costs are $7,194.
The average rate for the prior week (2023-11-17) was
6.51% and
one month ago for the week of 2023-10-20, the
average rate was 7.02%.
The average rate one year ago was 6.25%.
For refis of the same type during the week of 2023-11-24, the average rate
was -1.47%.
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
351 FHA loans originated. Their average total fees are
$9,893, which is $100
lower than the next largest lender,
NVR Mortgage Finance, Inc..
The lowest fee Greenville FHA lenders (with over 10 loans originated) are
CAPITAL CENTER, L.L.C. ($5,546), EVERETT FINANCIAL, INC. ($6,503), Alcova Mortgage LLC ($6,594), Lakeview Community Capital, LLC ($6,694) and LAKEVIEW LOAN SERVICING, LLC ($6,802).
The lowest rate Greenville FHA lenders (with over 10 loans originated) are
APEX HOME LOANS, INC. (3.80%), Lakeview Community Capital, LLC (3.87%), CAPITAL CENTER, L.L.C. (4.01%), DHI MORTGAGE COMPANY, LTD. (4.02%) and PENNYMAC LOAN SERVICES, LLC (4.10%).
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. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $268,794 (3.7%) | $352,118 (1.7%) | 1.00 | 3,079 |
2018-02-01 | $269,950 (3.9%) | $366,630 (5.6%) | 0.98 | 3,082 |
2018-03-01 | $274,600 (3.6%) | $370,112 (4.4%) | 0.96 | 3,140 |
2018-04-01 | $274,950 (2.4%) | $375,444 (3.2%) | 0.93 | 3,266 |
2018-05-01 | $274,500 (1.7%) | $378,904 (4.8%) | 0.92 | 3,373 |
2018-06-01 | $278,711 (1.4%) | $383,196 (4.5%) | 0.93 | 3,456 |
2018-07-01 | $275,000 (0.0%) | $378,809 (2.9%) | 0.92 | 3,472 |
2018-08-01 | $273,950 (0.0%) | $380,078 (3.8%) | 0.92 | 3,443 |
2018-09-01 | $265,137 (-1.8%) | $374,377 (3.5%) | 0.89 | 3,563 |
2018-10-01 | $263,810 (-2.5%) | $372,049 (1.8%) | 0.89 | 3,617 |
2018-11-01 | $264,700 (-1.9%) | $373,956 (2.4%) | 0.90 | 3,532 |
2018-12-01 | $260,000 (-3.4%) | $366,832 (1.8%) | 0.90 | 3,426 |
2019-01-01 | $264,243 (-1.7%) | $368,315 (4.6%) | 0.91 | 3,229 |
2019-02-01 | $264,709 (-1.9%) | $369,403 (0.8%) | 0.89 | 3,148 |
2019-03-01 | $275,811 (0.4%) | $379,684 (2.6%) | 0.90 | 3,069 |
2019-04-01 | $284,700 (3.6%) | $389,404 (3.7%) | 0.90 | 3,033 |
2019-05-01 | $286,448 (4.4%) | $395,219 (4.3%) | 0.90 | 3,187 |
2019-06-01 | $284,622 (2.1%) | $395,985 (3.3%) | 0.89 | 3,332 |
2019-07-01 | $280,718 (2.1%) | $400,479 (5.7%) | 0.88 | 3,509 |
2019-08-01 | $278,636 (1.7%) | $397,967 (4.7%) | 0.88 | 3,499 |
2019-09-01 | $276,591 (4.3%) | $393,745 (5.2%) | 0.89 | 3,498 |
2019-10-01 | $275,615 (4.5%) | $391,620 (5.3%) | 0.89 | 3,485 |
2019-11-01 | $274,900 (3.9%) | $393,042 (5.1%) | 0.90 | 3,387 |
2019-12-01 | $269,900 (3.8%) | $386,772 (5.4%) | 0.90 | 3,197 |
2020-01-01 | $269,700 (2.1%) | $386,238 (4.9%) | 0.90 | 3,049 |
2020-02-01 | $276,150 (4.3%) | $400,622 (8.5%) | 0.91 | 2,872 |
2020-03-01 | $279,900 (1.5%) | $408,674 (7.6%) | 0.88 | 2,886 |
2020-04-01 | $279,900 (-1.7%) | $405,306 (4.1%) | 0.88 | 2,986 |
2020-05-01 | $285,500 (-0.3%) | $419,113 (6.1%) | 0.87 | 2,899 |
2020-06-01 | $298,000 (4.7%) | $435,295 (9.9%) | 0.88 | 2,558 |
2020-07-01 | $289,975 (3.3%) | $433,102 (8.2%) | 0.84 | 2,459 |
2020-08-01 | $290,000 (4.1%) | $441,522 (10.9%) | 0.83 | 2,297 |
2020-09-01 | $289,950 (4.8%) | $445,746 (13.2%) | 0.83 | 2,127 |
2020-10-01 | $283,293 (2.8%) | $431,464 (10.2%) | 0.81 | 2,103 |
2020-11-01 | $279,900 (1.8%) | $417,131 (6.1%) | 0.82 | 2,103 |
2020-12-01 | $276,316 (2.4%) | $411,759 (6.5%) | 0.82 | 1,945 |
2021-01-01 | $276,500 (2.5%) | $419,024 (8.5%) | 0.83 | 1,693 |
2021-02-01 | $283,228 (2.6%) | $433,034 (8.1%) | 0.82 | 1,463 |
2021-03-01 | $296,450 (5.9%) | $454,512 (11.2%) | 0.84 | 1,246 |
2021-04-01 | $312,425 (11.6%) | $479,260 (18.3%) | 0.85 | 1,099 |
2021-05-01 | $303,936 (6.5%) | $497,457 (18.7%) | 0.81 | 1,007 |
2021-06-01 | $319,000 (7.1%) | $501,337 (15.2%) | 0.84 | 1,071 |
2021-07-01 | $318,752 (9.9%) | $491,050 (13.4%) | 0.84 | 1,253 |
2021-08-01 | $341,975 (17.9%) | $511,844 (15.9%) | 0.91 | 1,304 |
2021-09-01 | $347,950 (20.0%) | $516,030 (15.8%) | 0.93 | 1,308 |
2021-10-01 | $337,357 (19.1%) | $507,087 (17.5%) | 0.90 | 1,304 |
2021-11-01 | $331,045 (18.3%) | $505,423 (21.2%) | 0.89 | 1,239 |
2021-12-01 | $329,950 (19.4%) | $499,919 (21.4%) | 0.89 | 1,182 |
2022-01-01 | $325,000 (17.5%) | $498,471 (19.0%) | 0.88 | 1,035 |
2022-02-01 | $344,925 (21.8%) | $509,652 (17.7%) | 0.90 | 861 |
2022-03-01 | $341,473 (15.2%) | $510,864 (12.4%) | 0.85 | 820 |
2022-04-01 | $352,000 (12.7%) | $510,784 (6.6%) | 0.84 | 859 |
2022-05-01 | $354,950 (16.8%) | $507,518 (2.0%) | 0.81 | 1,105 |
2022-06-01 | $354,060 (11.0%) | $489,961 (-2.3%) | 0.79 | 1,395 |
2022-07-01 | $351,837 (10.4%) | $486,794 (-0.9%) | 0.79 | 1,799 |
2022-08-01 | $350,000 (2.4%) | $485,877 (-5.1%) | 0.81 | 1,937 |
2022-09-01 | $349,550 (0.5%) | $478,208 (-7.3%) | 0.82 | 2,044 |
2022-10-01 | $345,000 (2.3%) | $476,670 (-6.0%) | 0.81 | 2,288 |
2022-11-01 | $341,975 (3.3%) | $475,048 (-6.0%) | 0.82 | 2,426 |
2022-12-01 | $339,900 (3.0%) | $471,610 (-5.7%) | 0.84 | 2,256 |
2023-01-01 | $336,215 (3.5%) | $463,034 (-7.1%) | 0.83 | 2,043 |
2023-02-01 | $334,950 (-2.9%) | $465,085 (-8.7%) | 0.81 | 1,984 |
2023-03-01 | $336,950 (-1.3%) | $474,431 (-7.1%) | 0.79 | 1,907 |
2023-04-01 | $348,900 (-0.9%) | $510,747 (0.0%) | 0.81 | 1,740 |
2023-05-01 | $349,950 (-1.4%) | $523,203 (3.1%) | 0.79 | 1,735 |
2023-06-01 | $351,620 (-0.7%) | $538,330 (9.9%) | 0.79 | 1,796 |
2023-07-01 | $356,590 (1.4%) | $530,346 (9.0%) | 0.81 | 1,886 |
2023-08-01 | $351,120 (0.3%) | $518,971 (6.8%) | 0.81 | 1,975 |
2023-09-01 | $359,900 (3.0%) | $526,836 (10.2%) | 0.84 | 2,041 |
2023-10-01 | $359,925 (4.3%) | $523,715 (9.9%) | 0.85 | 2,189 |
Greenville's median listing price comes in at 85% of the national average.
Greenville's average listing price for 2023-10-01 was $523,715, a difference of $47,045 (9.9%) versus the prior year and $-3,121 versus the prior month.
For the 2023-10-01 period, Greenville had 2,189 MLS listings, a difference of 148 listings (7%) versus the prior month and -99 listings (-4%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Greenville (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 81 days | 2,192 sqft |
2018-02-01 | 76 days | 2,209 sqft |
2018-03-01 | 56 days | 2,397 sqft |
2018-04-01 | 52 days | 2,407 sqft |
2018-05-01 | 51 days | 2,398 sqft |
2018-06-01 | 55 days | 2,400 sqft |
2018-07-01 | 60 days | 2,363 sqft |
2018-08-01 | 65 days | 2,316 sqft |
2018-09-01 | 64 days | 2,237 sqft |
2018-10-01 | 63 days | 2,197 sqft |
2018-11-01 | 68 days | 2,162 sqft |
2018-12-01 | 77 days | 2,146 sqft |
2019-01-01 | 86 days | 2,132 sqft |
2019-02-01 | 82 days | 2,100 sqft |
2019-03-01 | 70 days | 2,161 sqft |
2019-04-01 | 56 days | 2,225 sqft |
2019-05-01 | 51 days | 2,232 sqft |
2019-06-01 | 54 days | 2,200 sqft |
2019-07-01 | 54 days | 2,201 sqft |
2019-08-01 | 57 days | 2,154 sqft |
2019-09-01 | 61 days | 2,124 sqft |
2019-10-01 | 65 days | 2,120 sqft |
2019-11-01 | 67 days | 2,132 sqft |
2019-12-01 | 77 days | 2,100 sqft |
2020-01-01 | 79 days | 2,122 sqft |
2020-02-01 | 73 days | 2,167 sqft |
2020-03-01 | 61 days | 2,198 sqft |
2020-04-01 | 59 days | 2,204 sqft |
2020-05-01 | 64 days | 2,258 sqft |
2020-06-01 | 69 days | 2,262 sqft |
2020-07-01 | 58 days | 2,226 sqft |
2020-08-01 | 52 days | 2,200 sqft |
2020-09-01 | 51 days | 2,100 sqft |
2020-10-01 | 51 days | 2,050 sqft |
2020-11-01 | 53 days | 2,005 sqft |
2020-12-01 | 59 days | 2,011 sqft |
2021-01-01 | 68 days | 1,972 sqft |
2021-02-01 | 55 days | 1,940 sqft |
2021-03-01 | 50 days | 1,888 sqft |
2021-04-01 | 50 days | 1,994 sqft |
2021-05-01 | 40 days | 1,947 sqft |
2021-06-01 | 37 days | 1,986 sqft |
2021-07-01 | 33 days | 1,979 sqft |
2021-08-01 | 37 days | 2,026 sqft |
2021-09-01 | 44 days | 2,048 sqft |
2021-10-01 | 45 days | 1,968 sqft |
2021-11-01 | 45 days | 1,949 sqft |
2021-12-01 | 49 days | 1,962 sqft |
2022-01-01 | 54 days | 1,931 sqft |
2022-02-01 | 40 days | 1,950 sqft |
2022-03-01 | 37 days | 1,938 sqft |
2022-04-01 | 34 days | 1,881 sqft |
2022-05-01 | 32 days | 1,976 sqft |
2022-06-01 | 32 days | 1,952 sqft |
2022-07-01 | 34 days | 2,050 sqft |
2022-08-01 | 41 days | 1,996 sqft |
2022-09-01 | 45 days | 2,040 sqft |
2022-10-01 | 46 days | 2,164 sqft |
2022-11-01 | 51 days | 2,161 sqft |
2022-12-01 | 64 days | 2,050 sqft |
2023-01-01 | 75 days | 1,979 sqft |
2023-02-01 | 65 days | 1,931 sqft |
2023-03-01 | 51 days | 1,949 sqft |
2023-04-01 | 46 days | 2,072 sqft |
2023-05-01 | 43 days | 2,092 sqft |
2023-06-01 | 44 days | 2,100 sqft |
2023-07-01 | 43 days | 2,100 sqft |
2023-08-01 | 44 days | 2,044 sqft |
2023-09-01 | 44 days | 2,100 sqft |
2023-10-01 | 44 days | 2,086 sqft |
Greenville's median square footage for active listings during the 2023-10-01 period was 2,086 sqft. One year prior, the average listing was 2,164 sqft.