Greenville FHA Loan Rates, Closing Costs & Stats

GREENVILLE, NC

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).