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 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 6.23% for the week of 2024-07-19, compared to the national average (all FHA variants) of 6.59% for the same period.

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

The average rate for the prior week (2024-07-12) was 6.29% and one month ago for the week of 2024-06-14, the average rate was 6.64%.

The average rate one year ago was 6.43%.

For refis of the same type during the week of 2024-07-19, the average rate was 6.55%.

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
Greenville's median listing price for 2024-06-01 was $295,000, a difference of $-50,475 (-14.6%) versus the prior year and $0 versus the prior month.

Greenville's median listing price comes in at 66% of the national average.

Greenville's average listing price for 2024-06-01 was $321,830, a difference of $-43,649 (-11.9%) versus the prior year and $-201 versus the prior month.

For the 2024-06-01 period, Greenville had 354 MLS listings, a difference of 17 listings (5%) versus the prior month and 144 listings (69%) 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 1,886 sqft
Greenville's median listing age (time on market) for 2024-06-01 was 47 days. This is -13% shorter than the same period one year ago.

Greenville's median square footage for active listings during the 2024-06-01 period was 1,886 sqft. One year prior, the average listing was 2,206 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).