Greenville FHA Loan Rates, Closing Costs & Stats

GREENVILLE, NC

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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 76 lenders originated 401 FHA loans during 2023. The total origination value was $94,385,000, with an average FHA loan value of $235,374.

    Greenville FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Greenville averaged 6.22% for the week of 2024-12-13, compared to the national average (all FHA variants) of 6.277% for the same period.

    Greenville's average FHA mortgage closing costs are $7,200.

    The average rate for the prior week (2024-12-06) was 5.99% and one month ago for the week of 2024-11-08, the average rate was 6.15%.

    The average rate one year ago was 6.66%.

    For refis of the same type during the week of 2024-12-13, the average rate was 6.23%.

    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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 48 6.72% $11,974
    DHI MORTGAGE COMPANY, LTD. 40 5.37% $7,432
    QUICKEN LOANS, LLC 39 6.15% $10,605
    Alcova Mortgage LLC 37 6.69% $7,462
    MOVEMENT MORTGAGE, LLC 12 7.03% $8,223
    Truist 12 6.30% $10,742
    LOANDEPOT.COM, LLC 10 6.70% $8,800
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 10 6.55% $10,544
    Towne Bank 9 6.29% $11,102
    UNITED WHOLESALE MORTGAGE, LLC 8 6.38% $12,849
    CARDINAL FINANCIAL 7 6.78% $11,967
    Mr. Cooper ( Nationstar Mortgage ) 6 6.21% $12,798
    TIDEWATER MORTGAGE SERVICES, INC. 6 6.79% $10,008
    Integrity Home Mortgage Corp 6 6.75% $10,470
    BROKER SOLUTIONS, INC. 6 6.42% $12,231
    FREEDOM MORTGAGE CORPORATION 5 6.58% $10,171
    American Security Mortgage Corp. 5 6.53% $10,080
    ACADEMY MORTGAGE CORPORATION 5 5.60% $9,559
    GUARANTEED RATE, INC. 5 6.39% $9,587
    NEWREZ LLC 5 6.53% $11,733
    EMM LOANS LLC 4 5.84% $14,261
    Mortgage Research Center, LLC 4 7.06% $7,181
    CROSSCOUNTRY MORTGAGE, LLC 3 7.13% $11,008
    AMERISAVE MORTGAGE CORPORATION 3 6.08% $10,084
    MUTUAL OF OMAHA MORTGAGE, INC. 2 6.25% $11,252
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 6.31% $9,821
    VILLAGE CAPITAL MORTGAGE 2 6.25% $11,624
    American Mortgage & Equity Consultants, Inc. 2 7.38% $12,225
    Northpointe Bank 2 5.75% $15,976
    INTERCOASTAL MORTGAGE COMPANY 2 6.69% $9,346
    CORNERSTONE HOME LENDING, INC. 2 6.88% $10,677
    PENNYMAC LOAN SERVICES, LLC 2 5.62% $11,541
    PENTAGON FEDERAL CREDIT UNION 2 6.06% $10,907
    MLD MORTGAGE INC. 2 6.06% $13,419
    Citizens Bank 2 6.63% $9,515
    GSF Mortgage Corporation 2 6.06% $12,884
    Equity Prime Mortgage LLC 2 7.25% $8,653
    RELIANCE FIRST CAPITAL, LLC 2 6.63% $10,226
    Bank of America 1 5.00% $13,952
    AXIA FINANCIAL, LLC 1 7.00% $7,465
    MY MORTGAGE, INC. 1 7.13% $7,881
    NATIONWIDE MORTGAGE BANKERS, INC. 1 6.25% $14,928
    NFM, INC. 1 6.38% $15,175
    OCMBC, INC. 1 6.25% $7,175
    Plains Commerce Bank 1 7.63% $8,929
    POLARIS HOME FUNDING CORP. 1 6.25% $18,811
    PREMIER LENDING, INC. 1 7.00% $9,867
    Prosperity Home Mortgage, LLC 1 7.25% $10,650
    Renasant Bank 1 6.25% $7,560
    SeaTrust Mortgage Company 1 6.63% $8,126
    SOVEREIGN LENDING GROUP INCORPORATED 1 6.13% $11,726
    SUN WEST MORTGAGE COMPANY, INC. 1 6.75% $7,562
    TOP FLITE FINANCIAL, INC. 1 6.75% $13,557
    TOTAL MORTGAGE SERVICES, LLC 1 7.75% $13,184
    AMERICAN FINANCING CORPORATION 1 6.50% $13,600
    AMERICAN FINANCIAL RESOURCES, INC. 1 6.25% $7,434
    CALCON MUTUAL MORTGAGE LLC 1 6.75% $12,843
    Blue Ridge Bank 1 7.25% $7,982
    Paramount Residential Mortgage Group, Inc. 1 7.00% $8,556
    Bell Bank 1 6.63% $13,859
    EVERETT FINANCIAL, INC. 1 6.88% $7,662
    FAIR WAY LENDING LLC 1 5.75% $13,168
    First Bank 1 6.75% $8,291
    AMERICAN FINANCIAL NETWORK, INC. 1 7.25% $13,428
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 6.63% $7,495
    GoPrime Mortgage, Inc. 1 6.88% $8,069
    U.S. Bank 1 6.13% $11,490
    GUILD MORTGAGE COMPANY 1 7.25% $7,898
    HOMEBRIDGE FINANCIAL SERVICES, INC. 1 6.88% $7,964
    BAYSHORE MORTGAGE FUNDING, LLC 1 5.49% $8,256
    JPMorgan Chase Bank 1 6.50% $4,843
    LAKEVIEW LOAN SERVICING, LLC 1 5.75% $10,403
    LAND HOME FINANCIAL SERVICES, INC. 1 6.75% $6,820
    Bank of England 1 5.63% $8,466
    MICHIGAN MUTUAL, INC. 1 4.75% $12,175
    Mid-Continent Funding, Inc. 1 5.25% $9,352

    The top Greenville FHA lender as defined by loan originations is ATLANTIC BAY MORTGAGE GROUP, L.L.C., with 48 FHA loans originated. Their average total fees are $11,974, which is $4,542 higher than the next largest lender, DHI MORTGAGE COMPANY, LTD..

    The lowest fee Greenville FHA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. ($7,432), Alcova Mortgage LLC ($7,462), MOVEMENT MORTGAGE, LLC ($8,223), LOANDEPOT.COM, LLC ($8,800) and AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC ($10,544).

    The lowest rate Greenville FHA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (5.37%), QUICKEN LOANS, LLC (6.15%), Truist (6.30%), AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC (6.55%) and Alcova Mortgage LLC (6.69%).

    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

    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 $194,700 (14.6%) $227,940 (13.2%) 0.72 528
    2018-02-01 $196,450 (15.6%) $233,899 (13.4%) 0.71 522
    2018-03-01 $198,750 (12.3%) $234,674 (12.2%) 0.70 535
    2018-04-01 $207,450 (15.3%) $245,507 (15.7%) 0.70 536
    2018-05-01 $204,900 (9.9%) $243,978 (10.8%) 0.68 560
    2018-06-01 $205,750 (8.9%) $245,041 (8.9%) 0.69 574
    2018-07-01 $204,900 (9.8%) $246,767 (9.6%) 0.68 553
    2018-08-01 $199,900 (9.6%) $243,988 (10.1%) 0.67 535
    2018-09-01 $197,000 (6.5%) $234,678 (5.0%) 0.66 553
    2018-10-01 $196,000 (2.3%) $232,635 (3.2%) 0.66 545
    2018-11-01 $198,900 (2.0%) $235,938 (3.4%) 0.67 507
    2018-12-01 $197,900 (3.1%) $235,269 (5.3%) 0.68 465
    2019-01-01 $199,525 (2.5%) $236,695 (3.8%) 0.69 396
    2019-02-01 $203,150 (3.4%) $239,374 (2.3%) 0.69 388
    2019-03-01 $214,050 (7.7%) $246,010 (4.8%) 0.70 371
    2019-04-01 $223,335 (7.7%) $253,808 (3.4%) 0.71 360
    2019-05-01 $239,900 (17.1%) $262,929 (7.8%) 0.75 353
    2019-06-01 $238,950 (16.1%) $260,761 (6.4%) 0.75 339
    2019-07-01 $222,445 (8.6%) $247,318 (0.2%) 0.70 366
    2019-08-01 $221,175 (10.6%) $247,306 (1.4%) 0.70 371
    2019-09-01 $215,451 (9.4%) $241,180 (2.8%) 0.69 383
    2019-10-01 $211,636 (8.0%) $237,096 (1.9%) 0.68 385
    2019-11-01 $219,900 (10.6%) $239,011 (1.3%) 0.72 367
    2019-12-01 $225,000 (13.7%) $243,769 (3.6%) 0.75 372
    2020-01-01 $227,000 (13.8%) $252,949 (6.9%) 0.76 341
    2020-02-01 $229,950 (13.2%) $258,095 (7.8%) 0.75 323
    2020-03-01 $235,975 (10.2%) $266,333 (8.3%) 0.74 334
    2020-04-01 $238,250 (6.7%) $269,685 (6.3%) 0.75 341
    2020-05-01 $251,495 (4.8%) $284,369 (8.2%) 0.76 315
    2020-06-01 $257,748 (7.9%) $294,725 (13.0%) 0.76 277
    2020-07-01 $267,487 (20.3%) $315,342 (27.5%) 0.78 266
    2020-08-01 $267,224 (20.8%) $333,861 (35.0%) 0.77 243
    2020-09-01 $266,700 (23.8%) $329,791 (36.7%) 0.76 220
    2020-10-01 $264,900 (25.2%) $323,472 (36.4%) 0.76 205
    2020-11-01 $261,748 (19.0%) $327,686 (37.1%) 0.77 202
    2020-12-01 $257,198 (14.3%) $334,919 (37.4%) 0.76 177
    2021-01-01 $257,500 (13.4%) $340,541 (34.6%) 0.77 158
    2021-02-01 $251,695 (9.5%) $336,303 (30.3%) 0.73 128
    2021-03-01 $265,795 (12.6%) $353,204 (32.6%) 0.75 127
    2021-04-01 $247,450 (3.9%) $333,669 (23.7%) 0.67 136
    2021-05-01 $238,900 (-5.0%) $334,681 (17.7%) 0.63 137
    2021-06-01 $250,373 (-2.9%) $343,036 (16.4%) 0.66 139
    2021-07-01 $243,500 (-9.0%) $322,272 (2.2%) 0.64 160
    2021-08-01 $244,500 (-8.5%) $282,397 (-15.4%) 0.65 179
    2021-09-01 $250,243 (-6.2%) $286,722 (-13.1%) 0.67 190
    2021-10-01 $253,245 (-4.4%) $294,227 (-9.0%) 0.68 182
    2021-11-01 $275,000 (5.1%) $317,244 (-3.2%) 0.74 170
    2021-12-01 $255,748 (-0.6%) $301,493 (-10.0%) 0.69 147
    2022-01-01 $263,500 (2.3%) $311,595 (-8.5%) 0.71 103
    2022-02-01 $262,450 (4.3%) $307,957 (-8.4%) 0.68 80
    2022-03-01 $262,475 (-1.3%) $314,863 (-10.9%) 0.66 71
    2022-04-01 $279,900 (13.1%) $368,052 (10.3%) 0.67 94
    2022-05-01 $293,225 (22.7%) $379,655 (13.4%) 0.67 119
    2022-06-01 $320,745 (28.1%) $391,080 (14.0%) 0.71 145
    2022-07-01 $337,045 (38.4%) $403,044 (25.1%) 0.76 178
    2022-08-01 $346,175 (41.6%) $404,031 (43.1%) 0.80 195
    2022-09-01 $334,823 (33.8%) $385,680 (34.5%) 0.78 224
    2022-10-01 $346,600 (36.9%) $397,648 (35.2%) 0.82 230
    2022-11-01 $353,225 (28.5%) $395,535 (24.7%) 0.85 246
    2022-12-01 $343,400 (34.3%) $383,243 (27.1%) 0.85 257
    2023-01-01 $345,525 (31.1%) $392,234 (25.9%) 0.86 250
    2023-02-01 $337,000 (28.4%) $355,715 (15.5%) 0.81 227
    2023-03-01 $344,900 (31.4%) $357,596 (13.6%) 0.81 225
    2023-04-01 $344,650 (23.1%) $365,448 (-0.7%) 0.80 223
    2023-05-01 $345,475 (17.8%) $369,065 (-2.8%) 0.78 217
    2023-06-01 $345,475 (7.7%) $365,479 (-6.6%) 0.78 210
    2023-07-01 $324,900 (-3.6%) $357,403 (-11.3%) 0.74 223
    2023-08-01 $321,445 (-7.1%) $345,356 (-14.5%) 0.74 235
    2023-09-01 $319,500 (-4.6%) $341,763 (-11.4%) 0.74 241
    2023-10-01 $317,995 (-8.3%) $343,344 (-13.7%) 0.75 251
    2023-11-01 $313,095 (-11.4%) $325,954 (-17.6%) 0.75 282
    2023-12-01 $309,900 (-9.8%) $324,686 (-15.3%) 0.76 289
    2024-01-01 $302,450 (-12.5%) $317,237 (-19.1%) 0.74 280
    2024-02-01 $297,450 (-11.7%) $316,187 (-11.1%) 0.72 281
    2024-03-01 $294,950 (-14.5%) $317,823 (-11.1%) 0.69 309
    2024-04-01 $294,450 (-14.6%) $322,524 (-11.8%) 0.68 309
    2024-05-01 $295,000 (-14.6%) $322,031 (-12.7%) 0.67 337
    2024-06-01 $295,000 (-14.6%) $321,830 (-11.9%) 0.66 354
    2024-07-01 $297,225 (-8.5%) $331,441 (-7.3%) 0.68 364
    2024-08-01 $295,000 (-8.2%) $323,502 (-6.3%) 0.69 379
    2024-09-01 $296,625 (-7.2%) $328,704 (-3.8%) 0.70 386
    2024-10-01 $295,000 (-7.2%) $329,364 (-4.1%) 0.69 394
    2024-11-01 $289,900 (-7.4%) $327,572 (0.5%) 0.70 425
    Greenville's median listing price for 2024-11-01 was $289,900, a difference of $-23,195 (-7.4%) versus the prior year and $-5,100 versus the prior month.

    Greenville's median listing price comes in at 70% of the national average.

    Greenville's average listing price for 2024-11-01 was $327,572, a difference of $1,618 (0.5%) versus the prior year and $-1,792 versus the prior month.

    For the 2024-11-01 period, Greenville had 425 MLS listings, a difference of 31 listings (8%) versus the prior month and 143 listings (51%) 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 94 days 2,010 sqft
    2018-02-01 78 days 2,084 sqft
    2018-03-01 67 days 2,055 sqft
    2018-04-01 60 days 2,157 sqft
    2018-05-01 58 days 2,126 sqft
    2018-06-01 58 days 2,147 sqft
    2018-07-01 67 days 2,097 sqft
    2018-08-01 73 days 2,077 sqft
    2018-09-01 79 days 2,022 sqft
    2018-10-01 84 days 2,011 sqft
    2018-11-01 94 days 2,049 sqft
    2018-12-01 100 days 2,019 sqft
    2019-01-01 100 days 1,989 sqft
    2019-02-01 82 days 2,064 sqft
    2019-03-01 62 days 2,145 sqft
    2019-04-01 49 days 2,214 sqft
    2019-05-01 41 days 2,290 sqft
    2019-06-01 52 days 2,233 sqft
    2019-07-01 52 days 2,142 sqft
    2019-08-01 54 days 2,169 sqft
    2019-09-01 59 days 2,133 sqft
    2019-10-01 63 days 2,109 sqft
    2019-11-01 67 days 2,127 sqft
    2019-12-01 72 days 2,153 sqft
    2020-01-01 80 days 2,152 sqft
    2020-02-01 74 days 2,182 sqft
    2020-03-01 61 days 2,204 sqft
    2020-04-01 66 days 2,205 sqft
    2020-05-01 71 days 2,325 sqft
    2020-06-01 83 days 2,379 sqft
    2020-07-01 57 days 2,491 sqft
    2020-08-01 50 days 2,436 sqft
    2020-09-01 65 days 2,357 sqft
    2020-10-01 67 days 2,278 sqft
    2020-11-01 64 days 2,301 sqft
    2020-12-01 71 days 2,232 sqft
    2021-01-01 73 days 2,242 sqft
    2021-02-01 55 days 2,203 sqft
    2021-03-01 39 days 2,242 sqft
    2021-04-01 39 days 2,124 sqft
    2021-05-01 37 days 1,977 sqft
    2021-06-01 38 days 2,033 sqft
    2021-07-01 35 days 2,007 sqft
    2021-08-01 34 days 2,009 sqft
    2021-09-01 37 days 2,012 sqft
    2021-10-01 39 days 2,006 sqft
    2021-11-01 46 days 2,027 sqft
    2021-12-01 72 days 1,933 sqft
    2022-01-01 61 days 1,926 sqft
    2022-02-01 48 days 1,925 sqft
    2022-03-01 35 days 1,939 sqft
    2022-04-01 22 days 1,998 sqft
    2022-05-01 26 days 1,972 sqft
    2022-06-01 33 days 2,102 sqft
    2022-07-01 37 days 2,190 sqft
    2022-08-01 43 days 2,194 sqft
    2022-09-01 46 days 2,175 sqft
    2022-10-01 51 days 2,182 sqft
    2022-11-01 54 days 2,177 sqft
    2022-12-01 60 days 2,163 sqft
    2023-01-01 76 days 2,160 sqft
    2023-02-01 61 days 2,162 sqft
    2023-03-01 53 days 2,183 sqft
    2023-04-01 44 days 2,196 sqft
    2023-05-01 48 days 2,225 sqft
    2023-06-01 54 days 2,206 sqft
    2023-07-01 44 days 2,129 sqft
    2023-08-01 42 days 2,111 sqft
    2023-09-01 48 days 2,043 sqft
    2023-10-01 56 days 2,032 sqft
    2023-11-01 49 days 1,994 sqft
    2023-12-01 51 days 1,995 sqft
    2024-01-01 61 days 1,937 sqft
    2024-02-01 51 days 1,902 sqft
    2024-03-01 41 days 1,886 sqft
    2024-04-01 45 days 1,896 sqft
    2024-05-01 40 days 1,867 sqft
    2024-06-01 47 days 1,880 sqft
    2024-07-01 54 days 1,900 sqft
    2024-08-01 58 days 1,870 sqft
    2024-09-01 61 days 1,873 sqft
    2024-10-01 60 days 1,873 sqft
    2024-11-01 59 days 1,854 sqft
    Greenville's median listing age (time on market) for 2024-11-01 was 59 days. This is 22% longer than the same period one year ago.

    Greenville's median square footage for active listings during the 2024-11-01 period was 1,854 sqft. One year prior, the average listing was 1,994 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).