Greenwood FHA Loan Rates, Closing Costs & Stats
Greenwood, SC
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.
Greenwood's 47 lenders originated 232 FHA loans during 2023. The total origination value was $43,350,000, with an average FHA loan value of $186,853.
Greenwood FHA Loans, 30 Year Fixed Rates
30 Year FHA mortgages in Greenwood
averaged
6.09%
for the week of 2024-10-11, compared to the national average (all FHA variants) of
6.1% for the same period.
Greenwood's average FHA mortgage closing costs are $7,011.
The average rate for the prior week (2024-10-04) was
5.91% and
one month ago for the week of 2024-09-06, the
average rate was 5.94%.
The average rate one year ago was 7.37%.
For refis of the same type during the week of 2024-10-11, the average rate
was 6.3%.
Greenwood 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 Greenwood level.
The top Greenwood FHA lender as defined by loan originations is ATLANTIC BAY MORTGAGE GROUP, L.L.C., with
35 FHA loans originated. Their average total fees are
$11,061, which is $2,133
higher than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee Greenwood FHA lenders (with over 10 loans originated) are
DHI MORTGAGE COMPANY, LTD. ($7,553), QUICKEN LOANS, LLC ($8,928), ACOPIA, LLC ($9,150), UNITED WHOLESALE MORTGAGE, LLC ($9,415) and FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($10,212).
The lowest rate Greenwood FHA lenders (with over 10 loans originated) are
DHI MORTGAGE COMPANY, LTD. (5.27%), QUICKEN LOANS, LLC (6.13%), ATLANTIC BAY MORTGAGE GROUP, L.L.C. (6.42%), UNITED WHOLESALE MORTGAGE, LLC (6.46%) and ACOPIA, LLC (6.53%).
Greenwood FHA Loan Limits
Metro | County | Year | Single Family Limit | 2 Family Limit | 3 Family Limit | 4 Family Limit |
---|---|---|---|---|---|---|
GREENWOOD, SC | GREENWOOD | 2022 | $420,680 | $538,650 | $651,050 | $809,150 |
GREENWOOD, SC | GREENWOOD | 2023 | $472,030 | $604,400 | $730,525 | $907,900 |
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Greenwood (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 | $180,250 (11.0%) | $248,220 (5.5%) | 0.00 | 198 |
2018-02-01 | $178,000 (12.7%) | $248,790 (3.7%) | 0.00 | 186 |
2018-03-01 | $189,700 (6.9%) | $260,538 (4.8%) | 0.00 | 199 |
2018-04-01 | $192,150 (-0.4%) | $264,690 (3.9%) | 0.00 | 208 |
2018-05-01 | $199,250 (-0.3%) | $271,376 (6.3%) | 0.00 | 217 |
2018-06-01 | $209,500 (11.2%) | $270,970 (9.2%) | 0.00 | 209 |
2018-07-01 | $224,900 (15.1%) | $279,087 (9.8%) | 0.00 | 198 |
2018-08-01 | $219,475 (14.9%) | $277,161 (8.8%) | 0.00 | 197 |
2018-09-01 | $215,000 (8.0%) | $276,956 (6.3%) | 0.00 | 204 |
2018-10-01 | $210,950 (11.1%) | $271,365 (3.0%) | 0.00 | 188 |
2018-11-01 | $218,075 (9.9%) | $277,543 (7.3%) | 0.00 | 184 |
2018-12-01 | $218,500 (21.4%) | $281,585 (11.7%) | 0.00 | 168 |
2019-01-01 | $207,575 (15.2%) | $276,696 (11.5%) | 0.00 | 165 |
2019-02-01 | $219,250 (23.2%) | $282,247 (13.5%) | 0.00 | 151 |
2019-03-01 | $227,808 (20.1%) | $293,379 (12.6%) | 0.00 | 144 |
2019-04-01 | $238,084 (23.9%) | $300,739 (13.6%) | 0.00 | 144 |
2019-05-01 | $266,475 (33.7%) | $317,112 (16.9%) | 0.00 | 178 |
2019-06-01 | $240,352 (14.7%) | $313,379 (15.7%) | 0.00 | 178 |
2019-07-01 | $237,676 (5.7%) | $309,331 (10.8%) | 0.00 | 201 |
2019-08-01 | $243,864 (11.1%) | $312,893 (12.9%) | 0.00 | 201 |
2019-09-01 | $257,159 (19.6%) | $320,789 (15.8%) | 0.00 | 193 |
2019-10-01 | $266,850 (26.5%) | $326,052 (20.2%) | 0.00 | 189 |
2019-11-01 | $259,900 (19.2%) | $314,331 (13.3%) | 0.00 | 191 |
2019-12-01 | $256,520 (17.4%) | $309,312 (9.9%) | 0.00 | 174 |
2020-01-01 | $269,000 (29.6%) | $307,763 (11.2%) | 0.00 | 174 |
2020-02-01 | $269,900 (23.1%) | $307,053 (8.8%) | 0.00 | 172 |
2020-03-01 | $288,700 (26.7%) | $317,703 (8.3%) | 0.00 | 163 |
2020-04-01 | $280,950 (18.0%) | $315,114 (4.8%) | 0.00 | 175 |
2020-05-01 | $294,900 (10.7%) | $322,274 (1.6%) | 0.00 | 175 |
2020-06-01 | $298,500 (24.2%) | $332,768 (6.2%) | 0.00 | 160 |
2020-07-01 | $299,450 (26.0%) | $340,637 (10.1%) | 0.00 | 131 |
2020-08-01 | $299,500 (22.8%) | $327,460 (4.7%) | 0.00 | 119 |
2020-09-01 | $296,975 (15.5%) | $324,212 (1.1%) | 0.00 | 125 |
2020-10-01 | $289,900 (8.6%) | $315,207 (-3.3%) | 0.00 | 129 |
2020-11-01 | $279,425 (7.5%) | $306,849 (-2.4%) | 0.00 | 110 |
2020-12-01 | $273,620 (6.7%) | $315,856 (2.1%) | 0.00 | 85 |
2021-01-01 | $252,500 (-6.1%) | $294,985 (-4.2%) | 0.00 | 74 |
2021-02-01 | $227,320 (-15.8%) | $276,213 (-10.0%) | 0.00 | 76 |
2021-03-01 | $265,800 (-7.9%) | $316,669 (-0.3%) | 0.00 | 68 |
2021-04-01 | $264,250 (-5.9%) | $342,966 (8.8%) | 0.00 | 54 |
2021-05-01 | $249,950 (-15.2%) | $300,942 (-6.6%) | 0.00 | 55 |
2021-06-01 | $233,700 (-21.7%) | $286,397 (-13.9%) | 0.00 | 57 |
2021-07-01 | $244,900 (-18.2%) | $311,299 (-8.6%) | 0.00 | 58 |
2021-08-01 | $246,495 (-17.7%) | $294,698 (-10.0%) | 0.00 | 79 |
2021-09-01 | $251,000 (-15.5%) | $270,771 (-16.5%) | 0.00 | 99 |
2021-10-01 | $240,750 (-17.0%) | $255,643 (-18.9%) | 0.00 | 107 |
2021-11-01 | $255,245 (-8.7%) | $268,113 (-12.6%) | 0.00 | 113 |
2021-12-01 | $261,500 (-4.4%) | $269,440 (-14.7%) | 0.00 | 117 |
2022-01-01 | $294,000 (16.4%) | $311,948 (5.8%) | 0.00 | 93 |
2022-02-01 | $296,250 (30.3%) | $312,406 (13.1%) | 0.00 | 106 |
2022-03-01 | $295,000 (11.0%) | $319,376 (0.9%) | 0.00 | 104 |
2022-04-01 | $300,000 (13.5%) | $352,246 (2.7%) | 0.00 | 98 |
2022-05-01 | $306,338 (22.6%) | $383,434 (27.4%) | 0.00 | 100 |
2022-06-01 | $296,125 (26.7%) | $371,482 (29.7%) | 0.00 | 112 |
2022-07-01 | $287,500 (17.4%) | $369,277 (18.6%) | 0.00 | 125 |
2022-08-01 | $292,500 (18.7%) | $358,830 (21.8%) | 0.00 | 134 |
2022-09-01 | $291,498 (16.1%) | $373,042 (37.8%) | 0.00 | 154 |
2022-10-01 | $287,400 (19.4%) | $369,751 (44.6%) | 0.00 | 162 |
2022-11-01 | $289,225 (13.3%) | $355,825 (32.7%) | 0.00 | 157 |
2022-12-01 | $275,990 (5.5%) | $348,374 (29.3%) | 0.00 | 154 |
2023-01-01 | $282,950 (-3.8%) | $365,748 (17.3%) | 0.00 | 141 |
2023-02-01 | $299,450 (1.1%) | $396,670 (27.0%) | 0.00 | 127 |
2023-03-01 | $299,675 (1.6%) | $403,887 (26.5%) | 0.00 | 124 |
2023-04-01 | $312,490 (4.2%) | $410,960 (16.7%) | 0.00 | 118 |
2023-05-01 | $345,725 (12.9%) | $422,223 (10.1%) | 0.00 | 116 |
2023-06-01 | $335,000 (13.1%) | $411,762 (10.8%) | 0.00 | 125 |
2023-07-01 | $320,400 (11.4%) | $374,600 (1.4%) | 0.00 | 118 |
2023-08-01 | $299,900 (2.5%) | $358,628 (-0.1%) | 0.00 | 120 |
2023-09-01 | $299,900 (2.9%) | $363,745 (-2.5%) | 0.00 | 129 |
2023-10-01 | $280,945 (-2.3%) | $343,645 (-7.1%) | 0.00 | 140 |
2023-11-01 | $290,545 (0.5%) | $350,226 (-1.6%) | 0.00 | 144 |
2023-12-01 | $299,900 (8.7%) | $345,985 (-0.7%) | 0.00 | 151 |
2024-01-01 | $313,575 (10.8%) | $347,903 (-4.9%) | 0.00 | 139 |
2024-02-01 | $320,225 (6.9%) | $348,311 (-12.2%) | 0.00 | 143 |
2024-03-01 | $309,900 (3.4%) | $358,965 (-11.1%) | 0.00 | 169 |
2024-04-01 | $318,250 (1.8%) | $367,179 (-10.7%) | 0.00 | 187 |
2024-05-01 | $304,975 (-11.8%) | $373,307 (-11.6%) | 0.00 | 172 |
2024-06-01 | $317,450 (-5.2%) | $370,150 (-10.1%) | 0.00 | 188 |
2024-07-01 | $304,150 (-5.1%) | $366,292 (-2.2%) | 0.00 | 180 |
2024-08-01 | $303,400 (1.2%) | $378,333 (5.5%) | 0.00 | 198 |
2024-09-01 | $301,070 (0.4%) | $371,666 (2.2%) | 0.00 | 192 |
Greenwood's median listing price comes in at 0% of the national average.
Greenwood's average listing price for 2024-09-01 was $371,666, a difference of $7,921 (2.2%) versus the prior year and $-6,667 versus the prior month.
For the 2024-09-01 period, Greenwood had 192 MLS listings, a difference of -6 listings (-3%) versus the prior month and 63 listings (49%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Greenwood (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,892 sqft |
2018-02-01 | 0 days | 1,888 sqft |
2018-03-01 | 0 days | 2,004 sqft |
2018-04-01 | 0 days | 1,937 sqft |
2018-05-01 | 0 days | 1,934 sqft |
2018-06-01 | 0 days | 1,918 sqft |
2018-07-01 | 0 days | 1,972 sqft |
2018-08-01 | 0 days | 2,074 sqft |
2018-09-01 | 0 days | 2,099 sqft |
2018-10-01 | 0 days | 2,100 sqft |
2018-11-01 | 0 days | 2,142 sqft |
2018-12-01 | 0 days | 2,102 sqft |
2019-01-01 | 0 days | 2,069 sqft |
2019-02-01 | 0 days | 2,046 sqft |
2019-03-01 | 0 days | 2,107 sqft |
2019-04-01 | 0 days | 2,138 sqft |
2019-05-01 | 0 days | 2,125 sqft |
2019-06-01 | 0 days | 2,080 sqft |
2019-07-01 | 0 days | 2,026 sqft |
2019-08-01 | 0 days | 2,090 sqft |
2019-09-01 | 0 days | 2,146 sqft |
2019-10-01 | 0 days | 2,184 sqft |
2019-11-01 | 0 days | 2,191 sqft |
2019-12-01 | 0 days | 2,242 sqft |
2020-01-01 | 0 days | 2,277 sqft |
2020-02-01 | 0 days | 2,222 sqft |
2020-03-01 | 0 days | 2,318 sqft |
2020-04-01 | 0 days | 2,323 sqft |
2020-05-01 | 0 days | 2,323 sqft |
2020-06-01 | 0 days | 2,361 sqft |
2020-07-01 | 0 days | 2,400 sqft |
2020-08-01 | 0 days | 2,496 sqft |
2020-09-01 | 0 days | 2,551 sqft |
2020-10-01 | 0 days | 2,419 sqft |
2020-11-01 | 0 days | 2,318 sqft |
2020-12-01 | 0 days | 2,289 sqft |
2021-01-01 | 0 days | 2,224 sqft |
2021-02-01 | 0 days | 2,160 sqft |
2021-03-01 | 0 days | 2,234 sqft |
2021-04-01 | 0 days | 2,206 sqft |
2021-05-01 | 0 days | 2,065 sqft |
2021-06-01 | 0 days | 1,883 sqft |
2021-07-01 | 0 days | 2,159 sqft |
2021-08-01 | 0 days | 1,906 sqft |
2021-09-01 | 0 days | 1,812 sqft |
2021-10-01 | 0 days | 1,800 sqft |
2021-11-01 | 0 days | 1,849 sqft |
2021-12-01 | 0 days | 1,870 sqft |
2022-01-01 | 0 days | 2,000 sqft |
2022-02-01 | 0 days | 2,001 sqft |
2022-03-01 | 0 days | 1,979 sqft |
2022-04-01 | 0 days | 1,964 sqft |
2022-05-01 | 0 days | 1,909 sqft |
2022-06-01 | 0 days | 1,881 sqft |
2022-07-01 | 0 days | 1,874 sqft |
2022-08-01 | 0 days | 1,942 sqft |
2022-09-01 | 0 days | 1,945 sqft |
2022-10-01 | 0 days | 1,900 sqft |
2022-11-01 | 0 days | 1,899 sqft |
2022-12-01 | 0 days | 1,919 sqft |
2023-01-01 | 0 days | 1,924 sqft |
2023-02-01 | 0 days | 2,057 sqft |
2023-03-01 | 0 days | 2,002 sqft |
2023-04-01 | 0 days | 2,125 sqft |
2023-05-01 | 0 days | 2,181 sqft |
2023-06-01 | 0 days | 2,180 sqft |
2023-07-01 | 0 days | 1,927 sqft |
2023-08-01 | 0 days | 1,797 sqft |
2023-09-01 | 0 days | 1,870 sqft |
2023-10-01 | 0 days | 1,795 sqft |
2023-11-01 | 0 days | 1,842 sqft |
2023-12-01 | 0 days | 1,926 sqft |
2024-01-01 | 0 days | 1,679 sqft |
2024-02-01 | 0 days | 1,706 sqft |
2024-03-01 | 0 days | 2,014 sqft |
2024-04-01 | 0 days | 2,185 sqft |
2024-05-01 | 0 days | 1,882 sqft |
2024-06-01 | 0 days | 1,600 sqft |
2024-07-01 | 0 days | 1,855 sqft |
2024-08-01 | 0 days | 2,042 sqft |
2024-09-01 | 0 days | 1,835 sqft |
Greenwood's median square footage for active listings during the 2024-09-01 period was 1,835 sqft. One year prior, the average listing was 1,870 sqft.