Greenville FHA Loans

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 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).