Greenville FHA Loan Rates, Closing Costs & Stats

GREENVILLE, NC

  • JUMP TO:
  • Trends
  • Rates vs Fees
  • Top Lenders
  • Markets
  • Loan Limits

    • 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 85 lenders originated 519 FHA loans during 2024. The total origination value was $127,515,000, with an average FHA loan value of $245,694.

    Greenville FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Greenville averaged -0.23% for the week of 2025-06-20, compared to the national average (all FHA variants) of 0% for the same period.

    Greenville's average FHA mortgage closing costs are $7,616.

    The average rate for the prior week (2025-06-13) was 6.35% and one month ago for the week of 2025-05-16, the average rate was 6.41%.

    The average rate one year ago was 6.57%.

    For refis of the same type during the week of 2025-06-20, the average rate was 0%.

    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 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    DHI MORTGAGE COMPANY, LTD. 81 4.86% $6,991
    QUICKEN LOANS, LLC 50 6.40% $10,202
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 47 6.49% $12,078
    INSPIRE HOME LOANS INC. 31 5.60% $8,781
    Alcova Mortgage LLC 24 6.18% $9,579
    American Security Mortgage Corp. 20 6.31% $10,201
    UNITED WHOLESALE MORTGAGE, LLC 16 6.09% $12,012
    Truist 15 6.16% $10,569
    MOVEMENT MORTGAGE, LLC 15 6.48% $8,577
    BROKER SOLUTIONS, INC. 11 6.68% $9,433
    PENNYMAC LOAN SERVICES, LLC 11 6.20% $11,172
    Towne Bank 10 6.61% $9,155
    MICHIGAN MUTUAL, INC. 8 6.25% $7,907
    Mortgage Research Center, LLC 7 6.59% $6,861
    FREEDOM MORTGAGE CORPORATION 7 6.11% $10,253
    Equity Prime Mortgage LLC 7 6.75% $8,051
    LOANDEPOT.COM, LLC 7 6.48% $9,771
    CROSSCOUNTRY MORTGAGE, LLC 5 6.61% $9,484
    SUN WEST MORTGAGE COMPANY, INC. 5 5.72% $13,986
    EMM LOANS LLC 4 6.13% $11,172
    Integrity Home Mortgage Corp 4 6.59% $10,975
    CORNERSTONE HOME LENDING, INC. 4 6.19% $10,414
    SUCCESS MORTGAGE PARTNERS, INC. 3 6.54% $10,517
    NEWREZ LLC 3 5.79% $10,138
    TIDEWATER MORTGAGE SERVICES, INC. 3 6.46% $9,781
    GUILD MORTGAGE COMPANY 3 6.17% $13,962
    AMERISAVE MORTGAGE CORPORATION 3 5.96% $13,869
    RAPID MORTGAGE COMPANY 3 6.71% $11,044
    UNION HOME MORTGAGE CORP. 3 5.66% $9,118
    AFFORDABLE MORTGAGE ADVISORS, LLC. 2 6.50% $9,658
    AMERICAN FINANCING CORPORATION 2 5.81% $11,950
    CARDINAL FINANCIAL 2 6.44% $9,790
    Carrington Mortgage Services, LLC 2 6.69% $10,625
    FBC MORTGAGE, LLC 2 5.49% $7,696
    Flagstar Bank, FSB 2 7.00% $11,276
    GUARANTEED RATE, INC. 2 6.04% $13,622
    LAKEVIEW LOAN SERVICING, LLC 2 6.23% $6,755
    LOANPAL, LLC 2 5.19% $15,963
    MORTGAGE SOLUTIONS OF COLORADO, LLC 2 7.75% $11,452
    Mr. Cooper ( Nationstar Mortgage ) 2 6.25% $15,629
    PRIMARY RESIDENTIAL MORTGAGE, INC. 2 6.56% $11,575
    RELIANCE FIRST CAPITAL, LLC 2 6.19% $15,242
    United Community Bank 2 6.38% $8,790
    ZILLOW HOME LOANS, LLC 1 6.75% $9,880
    Loan Simple, Inc. 1 7.25% $9,902
    HOMESTEAD FUNDING CORP. 1 7.25% $5,267
    MID AMERICA MORTGAGE, INC. 1 6.63% $24,090
    MILEND, INC. 1 6.75% $10,210
    MLD MORTGAGE INC. 1 6.63% $10,863
    HOMEBRIDGE FINANCIAL SERVICES, INC. 1 6.49% $4,598
    ALLIED MORTGAGE GROUP, INC. 1 5.75% $11,995
    First Federal Bank 1 7.38% $14,249
    U.S. Bank 1 6.63% $4,627
    MUTUAL OF OMAHA MORTGAGE, INC. 1 7.25% $8,630
    Nations Lending Corporation 1 7.63% $12,530
    NETWORK CAPITAL FUNDING CORPORATION 1 5.50% $22,503
    First-Citizens Bank & Trust Company 1 6.63% $8,811
    Paramount Residential Mortgage Group, Inc. 1 6.13% $15,458
    EVERETT FINANCIAL, INC. 1 5.13% $9,275
    PENTAGON FEDERAL CREDIT UNION 1 5.75% $9,308
    Plains Commerce Bank 1 7.13% $7,440
    PLANET HOME LENDING, LLC 1 6.38% $3,844
    PREMIA MORTGAGE, LLC 1 6.25% $4,039
    VILLAGE CAPITAL MORTGAGE 1 7.25% $1,151
    Prosperity Home Mortgage, LLC 1 6.25% $9,745
    CMG MORTGAGE, INC. 1 5.99% $8,648
    Century Mortgage Company DBA Century Lending Company 1 6.13% $10,876
    Regions Bank 1 6.63% $8,255
    Wells Fargo Bank 1 6.13% $6,329
    Residential Acceptance Corporation 1 6.88% $10,368
    ROYAL UNITED MORTGAGE LLC 1 7.00% $5,615
    Blue Ridge Bank 1 7.13% $12,172
    Bell Bank 1 6.63% $6,262
    T2 FINANCIAL LLC 1 6.75% $13,257
    BAYSHORE MORTGAGE FUNDING, LLC 1 7.75% $9,700
    Barrington Bank & Trust Company, N.A. 1 7.75% $12,189
    Towne Mortgage of the Carolinas, LLC 1 7.25% $6,461
    AmeriHome Mortgage Company, LLC 1 7.13% $4,573
    INTERCOASTAL MORTGAGE COMPANY 1 7.38% $5,580
    ISERVE RESIDENTIAL LENDING, LLC 1 5.75% $13,602
    JPMorgan Chase Bank 1 5.50% $12,905
    Keystone Funding, Inc. 1 5.75% $11,566
    AMERICAN FINANCIAL RESOURCES, INC. 1 6.75% $10,189
    LEGEND LENDING CORPORATION 1 6.63% $15,239
    HOWARD HANNA FINANCIAL SERVICES, INC. 1 6.63% $10,562

    The top Greenville FHA lender as defined by loan originations is DHI MORTGAGE COMPANY, LTD., with 81 FHA loans originated. Their average total fees are $6,991, which is $3,210 lower than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Greenville FHA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. ($6,991), MOVEMENT MORTGAGE, LLC ($8,577), INSPIRE HOME LOANS INC. ($8,781), Towne Bank ($9,155) and BROKER SOLUTIONS, INC. ($9,433).

    The lowest rate Greenville FHA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (4.86%), INSPIRE HOME LOANS INC. (5.60%), UNITED WHOLESALE MORTGAGE, LLC (6.09%), Truist (6.16%) and Alcova Mortgage LLC (6.18%).

    Greenville FHA Loan Limits

    Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
    GREENVILLE, NC PITT 2022 $420,680 $538,650 $651,050 $809,150
    GREENVILLE, NC PITT 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).