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%.

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
NEWREZ LLC 44 6.93% $5,714
QUICKEN LOANS, LLC 19 6.79% $9,761
The Huntington National Bank 4 6.19% $5,411
PENNYMAC LOAN SERVICES, LLC 4 5.90% $8,377
CROSSCOUNTRY MORTGAGE, LLC 4 7.00% $10,053
THRIVE MORTGAGE, LLC 4 6.81% $9,430
UNITED WHOLESALE MORTGAGE, LLC 4 7.31% $9,648
Carrington Mortgage Services, LLC 3 6.33% $16,088
LAKEVIEW LOAN SERVICING, LLC 3 6.38% $7,821
Union Savings Bank 3 6.58% $4,434
AMERICAN FINANCIAL RESOURCES, INC. 2 6.69% $5,624
BROKER SOLUTIONS, INC. 2 6.50% $9,047
ENDEAVOR CAPITAL, LLC. 2 6.12% $9,905
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 7.81% $8,158
LOANDEPOT.COM, LLC 2 6.69% $8,247
POLARIS HOME FUNDING CORP. 2 6.38% $7,485
Western Ohio Mortgage Corporation 2 7.38% $7,796
Mr. Cooper ( Nationstar Mortgage ) 1 6.13% $9,722
MID AMERICA MORTGAGE, INC. 1 8.25% $9,931
PLANET HOME LENDING, LLC 1 5.75% $7,157
AMERICAN FINANCING CORPORATION 1 6.50% $11,202
PRIMELENDING, A PLAINSCAPITAL COMPANY 1 6.75% $8,755
LOANPAL, LLC 1 5.50% $7,048
RELIANCE FIRST CAPITAL, LLC 1 7.00% $10,669
ROYAL UNITED MORTGAGE LLC 1 6.75% $10,892
RUOFF MORTGAGE COMPANY, INC. 1 6.25% $5,207
T2 FINANCIAL LLC 1 7.00% $8,041
Flagstar Bank, FSB 1 5.88% $4,768
Equity Prime Mortgage LLC 1 6.50% $5,271
Bank of England 1 6.63% $6,894
MUTUAL OF OMAHA MORTGAGE, INC. 1 7.13% $13,156
NBKC BANK 1 6.50% $8,126

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. Louis
Date 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 for 2024-11-01 was $235,000, a difference of $23,800 (11.3%) versus the prior year and $-8,475 versus the prior month.

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. Louis
Date 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 listing age (time on market) for 2024-11-01 was 0 days.

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.

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).