Greenville FHA Loan Rates, Closing Costs & Stats
Greenville, OH
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 32 lenders originated 128 FHA loans during 2023. The total origination value was $21,390,000, with an average FHA loan value of $167,109.
Greenville FHA Loans, 30 Year Fixed Rates
30 Year FHA mortgages in Greenville
averaged
6.26%
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 $6,059.
The average rate for the prior week (2024-12-06) was
6.32% and
one month ago for the week of 2024-11-08, the
average rate was 6.79%.
The average rate one year ago was 6.8%.
For refis of the same type during the week of 2024-12-13, the average rate
was 6.48%.
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.
The top Greenville FHA lender as defined by loan originations is NEWREZ LLC, with
44 FHA loans originated. Their average total fees are
$5,714, which is $4,047
lower than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee Greenville FHA lenders (with over 10 loans originated) are
NEWREZ LLC ($5,714), QUICKEN LOANS, LLC ($9,761), .
The lowest rate Greenville FHA lenders (with over 10 loans originated) are
QUICKEN LOANS, LLC (6.79%), NEWREZ LLC (6.93%), .
Greenville FHA Loan Limits
Metro | County | Year | Single Family Limit | 2 Family Limit | 3 Family Limit | 4 Family Limit |
---|---|---|---|---|---|---|
GREENVILLE, OH | DARKE | 2022 | $420,680 | $538,650 | $651,050 | $809,150 |
GREENVILLE, OH | DARKE | 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. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $118,250 (22.6%) | $139,612 (0.7%) | 0.00 | 152 |
2018-02-01 | $115,339 (18.3%) | $141,532 (1.6%) | 0.00 | 154 |
2018-03-01 | $119,900 (18.8%) | $144,954 (3.4%) | 0.00 | 160 |
2018-04-01 | $124,750 (25.4%) | $148,678 (6.4%) | 0.00 | 150 |
2018-05-01 | $126,250 (28.3%) | $157,133 (13.4%) | 0.00 | 146 |
2018-06-01 | $128,900 (22.2%) | $160,501 (14.3%) | 0.00 | 161 |
2018-07-01 | $129,875 (19.8%) | $160,022 (16.8%) | 0.00 | 178 |
2018-08-01 | $129,450 (15.0%) | $160,643 (13.5%) | 0.00 | 190 |
2018-09-01 | $119,950 (13.7%) | $154,926 (11.1%) | 0.00 | 192 |
2018-10-01 | $120,000 (9.6%) | $150,508 (4.9%) | 0.00 | 190 |
2018-11-01 | $117,675 (12.9%) | $144,992 (3.0%) | 0.00 | 182 |
2018-12-01 | $120,000 (17.7%) | $144,344 (6.9%) | 0.00 | 174 |
2019-01-01 | $109,792 (-7.2%) | $132,538 (-5.1%) | 0.00 | 152 |
2019-02-01 | $106,575 (-7.6%) | $129,034 (-8.8%) | 0.00 | 147 |
2019-03-01 | $107,708 (-10.2%) | $137,468 (-5.2%) | 0.00 | 155 |
2019-04-01 | $108,388 (-13.1%) | $140,972 (-5.2%) | 0.00 | 168 |
2019-05-01 | $112,000 (-11.3%) | $143,885 (-8.4%) | 0.00 | 164 |
2019-06-01 | $109,900 (-14.7%) | $148,145 (-7.7%) | 0.00 | 149 |
2019-07-01 | $103,817 (-20.1%) | $152,746 (-4.6%) | 0.00 | 159 |
2019-08-01 | $105,288 (-18.7%) | $159,646 (-0.6%) | 0.00 | 143 |
2019-09-01 | $116,095 (-3.2%) | $161,115 (4.0%) | 0.00 | 149 |
2019-10-01 | $125,950 (5.0%) | $163,071 (8.4%) | 0.00 | 149 |
2019-11-01 | $123,350 (4.8%) | $164,758 (13.6%) | 0.00 | 145 |
2019-12-01 | $122,400 (2.0%) | $164,657 (14.1%) | 0.00 | 143 |
2020-01-01 | $134,875 (22.9%) | $171,415 (29.3%) | 0.00 | 136 |
2020-02-01 | $135,950 (27.6%) | $172,714 (33.9%) | 0.00 | 125 |
2020-03-01 | $136,200 (26.5%) | $173,642 (26.3%) | 0.00 | 125 |
2020-04-01 | $131,250 (21.1%) | $176,213 (25.0%) | 0.00 | 109 |
2020-05-01 | $128,763 (15.0%) | $177,530 (23.4%) | 0.00 | 112 |
2020-06-01 | $136,050 (23.8%) | $185,273 (25.1%) | 0.00 | 107 |
2020-07-01 | $129,150 (24.4%) | $173,580 (13.6%) | 0.00 | 113 |
2020-08-01 | $123,250 (17.1%) | $165,729 (3.8%) | 0.00 | 101 |
2020-09-01 | $115,000 (-0.9%) | $153,365 (-4.8%) | 0.00 | 99 |
2020-10-01 | $129,900 (3.1%) | $176,135 (8.0%) | 0.00 | 103 |
2020-11-01 | $125,000 (1.3%) | $175,576 (6.6%) | 0.00 | 109 |
2020-12-01 | $119,350 (-2.5%) | $169,971 (3.2%) | 0.00 | 89 |
2021-01-01 | $127,750 (-5.3%) | $173,912 (1.5%) | 0.00 | 82 |
2021-02-01 | $142,425 (4.8%) | $176,737 (2.3%) | 0.00 | 77 |
2021-03-01 | $154,825 (13.7%) | $194,126 (11.8%) | 0.00 | 53 |
2021-04-01 | $164,750 (25.5%) | $201,945 (14.6%) | 0.00 | 56 |
2021-05-01 | $169,900 (32.0%) | $218,706 (23.2%) | 0.00 | 49 |
2021-06-01 | $172,400 (26.7%) | $224,084 (21.0%) | 0.00 | 50 |
2021-07-01 | $157,000 (21.6%) | $206,504 (19.0%) | 0.00 | 55 |
2021-08-01 | $151,225 (22.7%) | $198,698 (19.9%) | 0.00 | 67 |
2021-09-01 | $149,000 (29.6%) | $211,567 (38.0%) | 0.00 | 61 |
2021-10-01 | $149,000 (14.7%) | $206,008 (17.0%) | 0.00 | 68 |
2021-11-01 | $154,950 (24.0%) | $215,288 (22.6%) | 0.00 | 73 |
2021-12-01 | $149,925 (25.6%) | $206,157 (21.3%) | 0.00 | 62 |
2022-01-01 | $146,999 (15.1%) | $205,688 (18.3%) | 0.00 | 53 |
2022-02-01 | $168,000 (18.0%) | $214,047 (21.1%) | 0.00 | 52 |
2022-03-01 | $168,675 (9.0%) | $204,352 (5.3%) | 0.00 | 49 |
2022-04-01 | $164,900 (0.1%) | $209,256 (3.6%) | 0.00 | 56 |
2022-05-01 | $162,550 (-4.3%) | $219,777 (0.5%) | 0.00 | 75 |
2022-06-01 | $179,900 (4.4%) | $230,907 (3.0%) | 0.00 | 89 |
2022-07-01 | $185,000 (17.8%) | $235,387 (14.0%) | 0.00 | 91 |
2022-08-01 | $182,500 (20.7%) | $219,181 (10.3%) | 0.00 | 90 |
2022-09-01 | $168,350 (13.0%) | $210,678 (-0.4%) | 0.00 | 90 |
2022-10-01 | $189,900 (27.5%) | $226,610 (10.0%) | 0.00 | 91 |
2022-11-01 | $180,650 (16.6%) | $216,289 (0.5%) | 0.00 | 82 |
2022-12-01 | $199,900 (33.3%) | $245,062 (18.9%) | 0.00 | 71 |
2023-01-01 | $209,300 (42.4%) | $270,692 (31.6%) | 0.00 | 68 |
2023-02-01 | $199,900 (19.0%) | $247,472 (15.6%) | 0.00 | 64 |
2023-03-01 | $194,450 (15.3%) | $243,109 (19.0%) | 0.00 | 66 |
2023-04-01 | $191,000 (15.8%) | $238,076 (13.8%) | 0.00 | 63 |
2023-05-01 | $197,525 (21.5%) | $245,034 (11.5%) | 0.00 | 62 |
2023-06-01 | $190,550 (5.9%) | $245,477 (6.3%) | 0.00 | 81 |
2023-07-01 | $190,000 (2.7%) | $237,844 (1.0%) | 0.00 | 62 |
2023-08-01 | $191,500 (4.9%) | $235,767 (7.6%) | 0.00 | 64 |
2023-09-01 | $209,900 (24.7%) | $243,628 (15.6%) | 0.00 | 58 |
2023-10-01 | $211,250 (11.2%) | $239,779 (5.8%) | 0.00 | 58 |
2023-11-01 | $211,200 (16.9%) | $240,292 (11.1%) | 0.00 | 57 |
2023-12-01 | $225,000 (12.6%) | $267,157 (9.0%) | 0.00 | 80 |
2024-01-01 | $259,200 (23.8%) | $277,769 (2.6%) | 0.00 | 76 |
2024-02-01 | $252,400 (26.3%) | $272,310 (10.0%) | 0.00 | 77 |
2024-03-01 | $265,500 (36.5%) | $283,816 (16.7%) | 0.00 | 72 |
2024-04-01 | $299,950 (57.0%) | $309,558 (30.0%) | 0.00 | 70 |
2024-05-01 | $342,350 (73.3%) | $336,202 (37.2%) | 0.00 | 63 |
2024-06-01 | $262,000 (37.5%) | $313,611 (27.8%) | 0.00 | 50 |
2024-07-01 | $264,000 (39.0%) | $303,449 (27.6%) | 0.00 | 62 |
2024-08-01 | $247,250 (29.1%) | $287,708 (22.0%) | 0.00 | 77 |
2024-09-01 | $256,000 (22.0%) | $290,501 (19.2%) | 0.00 | 91 |
2024-10-01 | $243,475 (15.3%) | $272,840 (13.8%) | 0.00 | 94 |
2024-11-01 | $235,000 (11.3%) | $270,901 (12.7%) | 0.00 | 97 |
Greenville's median listing price comes in at 0% of the national average.
Greenville's average listing price for 2024-11-01 was $270,901, a difference of $30,609 (12.7%) versus the prior year and $-1,939 versus the prior month.
For the 2024-11-01 period, Greenville had 97 MLS listings, a difference of 3 listings (3%) versus the prior month and 40 listings (70%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Greenville (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,738 sqft |
2018-02-01 | 0 days | 1,721 sqft |
2018-03-01 | 0 days | 1,755 sqft |
2018-04-01 | 0 days | 1,806 sqft |
2018-05-01 | 0 days | 1,882 sqft |
2018-06-01 | 0 days | 1,812 sqft |
2018-07-01 | 0 days | 1,787 sqft |
2018-08-01 | 0 days | 1,852 sqft |
2018-09-01 | 0 days | 1,811 sqft |
2018-10-01 | 0 days | 1,722 sqft |
2018-11-01 | 0 days | 1,710 sqft |
2018-12-01 | 0 days | 1,695 sqft |
2019-01-01 | 0 days | 1,615 sqft |
2019-02-01 | 0 days | 1,554 sqft |
2019-03-01 | 0 days | 1,572 sqft |
2019-04-01 | 0 days | 1,568 sqft |
2019-05-01 | 0 days | 1,568 sqft |
2019-06-01 | 0 days | 1,592 sqft |
2019-07-01 | 0 days | 1,576 sqft |
2019-08-01 | 0 days | 1,612 sqft |
2019-09-01 | 0 days | 1,659 sqft |
2019-10-01 | 0 days | 1,695 sqft |
2019-11-01 | 0 days | 1,689 sqft |
2019-12-01 | 0 days | 1,745 sqft |
2020-01-01 | 0 days | 1,728 sqft |
2020-02-01 | 0 days | 1,784 sqft |
2020-03-01 | 0 days | 1,753 sqft |
2020-04-01 | 0 days | 1,758 sqft |
2020-05-01 | 0 days | 1,642 sqft |
2020-06-01 | 0 days | 1,630 sqft |
2020-07-01 | 0 days | 1,652 sqft |
2020-08-01 | 0 days | 1,656 sqft |
2020-09-01 | 0 days | 1,635 sqft |
2020-10-01 | 0 days | 1,680 sqft |
2020-11-01 | 0 days | 1,804 sqft |
2020-12-01 | 0 days | 1,734 sqft |
2021-01-01 | 0 days | 1,777 sqft |
2021-02-01 | 0 days | 1,659 sqft |
2021-03-01 | 0 days | 1,677 sqft |
2021-04-01 | 0 days | 1,732 sqft |
2021-05-01 | 0 days | 1,865 sqft |
2021-06-01 | 0 days | 1,738 sqft |
2021-07-01 | 0 days | 1,678 sqft |
2021-08-01 | 0 days | 1,658 sqft |
2021-09-01 | 0 days | 1,666 sqft |
2021-10-01 | 0 days | 1,555 sqft |
2021-11-01 | 0 days | 1,542 sqft |
2021-12-01 | 0 days | 1,582 sqft |
2022-01-01 | 0 days | 1,445 sqft |
2022-02-01 | 0 days | 1,458 sqft |
2022-03-01 | 0 days | 1,475 sqft |
2022-04-01 | 0 days | 1,583 sqft |
2022-05-01 | 0 days | 1,622 sqft |
2022-06-01 | 0 days | 1,661 sqft |
2022-07-01 | 0 days | 1,703 sqft |
2022-08-01 | 0 days | 1,609 sqft |
2022-09-01 | 0 days | 1,639 sqft |
2022-10-01 | 0 days | 1,720 sqft |
2022-11-01 | 0 days | 1,609 sqft |
2022-12-01 | 0 days | 1,794 sqft |
2023-01-01 | 0 days | 1,776 sqft |
2023-02-01 | 0 days | 1,772 sqft |
2023-03-01 | 0 days | 1,705 sqft |
2023-04-01 | 0 days | 1,692 sqft |
2023-05-01 | 0 days | 1,679 sqft |
2023-06-01 | 0 days | 1,559 sqft |
2023-07-01 | 0 days | 1,600 sqft |
2023-08-01 | 0 days | 1,635 sqft |
2023-09-01 | 0 days | 1,651 sqft |
2023-10-01 | 0 days | 1,623 sqft |
2023-11-01 | 0 days | 1,585 sqft |
2023-12-01 | 0 days | 1,688 sqft |
2024-01-01 | 0 days | 1,730 sqft |
2024-02-01 | 0 days | 1,730 sqft |
2024-03-01 | 0 days | 1,730 sqft |
2024-04-01 | 0 days | 1,730 sqft |
2024-05-01 | 0 days | 1,730 sqft |
2024-06-01 | 0 days | 1,702 sqft |
2024-07-01 | 0 days | 1,783 sqft |
2024-08-01 | 0 days | 1,738 sqft |
2024-09-01 | 0 days | 1,739 sqft |
2024-10-01 | 0 days | 1,740 sqft |
2024-11-01 | 0 days | 1,748 sqft |
Greenville's median square footage for active listings during the 2024-11-01 period was 1,748 sqft. One year prior, the average listing was 1,585 sqft.