Greenwood FHA Loan Rates, Closing Costs & Stats

Greenwood, SC

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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.

    Greenwood's 51 lenders originated 230 FHA loans during 2024. The total origination value was $45,640,000, with an average FHA loan value of $198,435.

    Greenwood FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Greenwood averaged 6.2% for the week of 2025-04-04, compared to the national average (all FHA variants) of 6.259% for the same period.

    Greenwood's average FHA mortgage closing costs are $7,313.

    The average rate for the prior week (2025-03-28) was 6.5% and one month ago for the week of 2025-02-28, the average rate was 6.58%.

    The average rate one year ago was 6.5%.

    For refis of the same type during the week of 2025-04-04, the average rate was 6.16%.

    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

    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.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 32 6.43% $9,511
    ACOPIA, LLC 31 6.56% $9,695
    QUICKEN LOANS, LLC 26 6.56% $9,864
    UNITED WHOLESALE MORTGAGE, LLC 18 6.43% $9,330
    DHI MORTGAGE COMPANY, LTD. 15 5.16% $8,083
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 9 6.51% $9,668
    PENNYMAC LOAN SERVICES, LLC 6 6.50% $5,642
    Waterstone Mortgage Corporation 4 7.06% $12,935
    Countybank 4 7.00% $7,266
    GUARANTEED RATE, INC. 4 6.73% $8,147
    NEWREZ LLC 4 6.97% $7,871
    RESOURCE FINANCIAL SERVICES, INC. 4 6.91% $8,811
    STOCKTON MORTGAGE CORPORATION 3 6.25% $16,567
    Equity Prime Mortgage LLC 3 6.58% $7,407
    FREEDOM MORTGAGE CORPORATION 3 6.63% $10,110
    UNION HOME MORTGAGE CORP. 3 6.75% $10,424
    CARDINAL FINANCIAL 3 6.75% $13,412
    CROSSCOUNTRY MORTGAGE, LLC 2 6.47% $8,543
    First-Citizens Bank & Trust Company 2 5.25% $10,106
    Flagstar Bank, FSB 2 6.23% $6,420
    GUILD MORTGAGE COMPANY 2 6.50% $6,834
    LAKEVIEW LOAN SERVICING, LLC 2 6.50% $6,679
    LOANDEPOT.COM, LLC 2 6.49% $8,002
    Renasant Bank 2 6.63% $8,684
    SeaTrust Mortgage Company 2 6.31% $8,723
    INTERLINC MORTGAGE SERVICES, LLC 1 6.75% $6,388
    Carrington Mortgage Services, LLC 1 6.63% $9,709
    CONTOUR MORTGAGE CORPORATION 1 6.75% $7,105
    MEMBER FIRST MORTGAGE, LLC 1 6.50% $7,958
    MOVEMENT MORTGAGE, LLC 1 7.13% $10,648
    MUTUAL OF OMAHA MORTGAGE, INC. 1 6.25% $20,990
    Network Funding, L.P. 1 6.63% $8,263
    VILLAGE CAPITAL MORTGAGE 1 7.25% $4,016
    BROKER SOLUTIONS, INC. 1 6.88% $9,080
    PENTAGON FEDERAL CREDIT UNION 1 6.25% $6,873
    PLAZA HOME MORTGAGE, INC. 1 7.25% $6,517
    PRIMARY RESIDENTIAL MORTGAGE, INC. 1 6.88% $11,980
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 6.25% $12,726
    AMERISAVE MORTGAGE CORPORATION 1 5.25% $7,164
    Capital City Home Loans, LLC 1 7.13% $7,221
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 7.13% $6,971
    DIRECT MORTGAGE LOANS, LLC 1 6.13% $21,997
    Southern First Bank 1 5.75% $11,423
    South State Bank 1 6.25% $5,960
    FIRST INTEGRITY MORTGAGE SERVICES, INC. 1 6.75% $8,402
    TOWNE MORTGAGE COMPANY 1 6.63% $7,001
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 7.38% $8,296
    GUARANTEED RATE AFFINITY, LLC 1 6.63% $9,416
    AmeriHome Mortgage Company, LLC 1 6.63% $7,967
    Truist 1 5.75% $5,248
    HOMESIDE FINANCIAL, LLC 1 6.63% $12,487

    The top Greenwood FHA lender as defined by loan originations is ATLANTIC BAY MORTGAGE GROUP, L.L.C., with 32 FHA loans originated. Their average total fees are $9,511, which is $184 lower than the next largest lender, ACOPIA, LLC.

    The lowest fee Greenwood FHA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. ($8,083), UNITED WHOLESALE MORTGAGE, LLC ($9,330), ATLANTIC BAY MORTGAGE GROUP, L.L.C. ($9,511), ACOPIA, LLC ($9,695) and QUICKEN LOANS, LLC ($9,864).

    The lowest rate Greenwood FHA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (5.16%), UNITED WHOLESALE MORTGAGE, LLC (6.43%), ATLANTIC BAY MORTGAGE GROUP, L.L.C. (6.43%), QUICKEN LOANS, LLC (6.56%) and ACOPIA, LLC (6.56%).

    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. Louis
    Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
    2018-01-01 $175,200 (10.3%) $239,340 (4.7%) 0.00 242
    2018-02-01 $172,400 (10.6%) $239,897 (5.8%) 0.00 237
    2018-03-01 $174,900 (10.1%) $245,927 (5.9%) 0.00 279
    2018-04-01 $178,300 (-0.4%) $246,314 (3.9%) 0.00 291
    2018-05-01 $182,950 (1.9%) $252,837 (5.7%) 0.00 297
    2018-06-01 $192,000 (8.5%) $254,080 (8.0%) 0.00 297
    2018-07-01 $199,450 (9.6%) $260,130 (7.5%) 0.00 286
    2018-08-01 $189,900 (2.7%) $252,266 (3.0%) 0.00 284
    2018-09-01 $199,000 (5.0%) $253,113 (1.2%) 0.00 290
    2018-10-01 $199,450 (7.8%) $251,812 (-0.4%) 0.00 274
    2018-11-01 $192,525 (2.2%) $253,524 (1.4%) 0.00 263
    2018-12-01 $189,999 (6.1%) $257,312 (4.3%) 0.00 237
    2019-01-01 $191,114 (9.1%) $260,673 (8.9%) 0.00 227
    2019-02-01 $187,000 (8.5%) $260,635 (8.6%) 0.00 214
    2019-03-01 $199,900 (14.3%) $273,097 (11.1%) 0.00 201
    2019-04-01 $217,950 (22.2%) $286,609 (16.4%) 0.00 199
    2019-05-01 $254,575 (39.2%) $311,203 (23.1%) 0.00 230
    2019-06-01 $235,000 (22.4%) $316,831 (24.7%) 0.00 228
    2019-07-01 $236,978 (18.8%) $319,453 (22.8%) 0.00 254
    2019-08-01 $241,089 (27.0%) $327,377 (29.8%) 0.00 255
    2019-09-01 $251,417 (26.3%) $332,177 (31.2%) 0.00 251
    2019-10-01 $258,302 (29.5%) $335,377 (33.2%) 0.00 249
    2019-11-01 $249,900 (29.8%) $318,394 (25.6%) 0.00 255
    2019-12-01 $244,925 (28.9%) $315,471 (22.6%) 0.00 232
    2020-01-01 $247,425 (29.5%) $316,204 (21.3%) 0.00 227
    2020-02-01 $249,900 (33.6%) $314,942 (20.8%) 0.00 223
    2020-03-01 $273,350 (36.7%) $327,060 (19.8%) 0.00 213
    2020-04-01 $275,000 (26.2%) $332,894 (16.2%) 0.00 218
    2020-05-01 $279,000 (9.6%) $340,419 (9.4%) 0.00 218
    2020-06-01 $292,350 (24.4%) $345,251 (9.0%) 0.00 192
    2020-07-01 $291,925 (23.2%) $347,332 (8.7%) 0.00 161
    2020-08-01 $283,500 (17.6%) $315,626 (-3.6%) 0.00 156
    2020-09-01 $275,850 (9.7%) $312,653 (-5.9%) 0.00 162
    2020-10-01 $269,900 (4.5%) $315,353 (-6.0%) 0.00 160
    2020-11-01 $275,975 (10.4%) $324,919 (2.1%) 0.00 133
    2020-12-01 $270,560 (10.5%) $329,714 (4.5%) 0.00 103
    2021-01-01 $244,250 (-1.3%) $301,395 (-4.7%) 0.00 87
    2021-02-01 $233,568 (-6.5%) $285,720 (-9.3%) 0.00 85
    2021-03-01 $262,700 (-3.9%) $337,969 (3.3%) 0.00 82
    2021-04-01 $261,500 (-4.9%) $354,760 (6.6%) 0.00 70
    2021-05-01 $249,900 (-10.4%) $323,970 (-4.8%) 0.00 66
    2021-06-01 $241,500 (-17.4%) $311,613 (-9.7%) 0.00 78
    2021-07-01 $249,900 (-14.4%) $313,171 (-9.8%) 0.00 83
    2021-08-01 $245,473 (-13.4%) $301,820 (-4.4%) 0.00 107
    2021-09-01 $250,248 (-9.3%) $285,677 (-8.6%) 0.00 126
    2021-10-01 $225,000 (-16.6%) $264,246 (-16.2%) 0.00 129
    2021-11-01 $240,950 (-12.7%) $269,211 (-17.2%) 0.00 137
    2021-12-01 $249,950 (-7.6%) $275,503 (-16.4%) 0.00 145
    2022-01-01 $280,000 (14.6%) $307,326 (2.0%) 0.00 119
    2022-02-01 $281,875 (20.7%) $303,780 (6.3%) 0.00 125
    2022-03-01 $276,945 (5.4%) $308,647 (-8.7%) 0.00 122
    2022-04-01 $292,500 (11.9%) $331,865 (-6.5%) 0.00 118
    2022-05-01 $297,725 (19.1%) $353,749 (9.2%) 0.00 125
    2022-06-01 $279,175 (15.6%) $341,927 (9.7%) 0.00 142
    2022-07-01 $282,250 (13.0%) $357,471 (14.2%) 0.00 153
    2022-08-01 $278,250 (13.4%) $341,972 (13.3%) 0.00 166
    2022-09-01 $276,000 (10.3%) $353,521 (23.8%) 0.00 190
    2022-10-01 $281,000 (24.9%) $361,542 (36.8%) 0.00 192
    2022-11-01 $280,500 (16.4%) $349,758 (29.9%) 0.00 192
    2022-12-01 $275,245 (10.1%) $342,181 (24.2%) 0.00 191
    2023-01-01 $277,073 (-1.1%) $346,283 (12.7%) 0.00 178
    2023-02-01 $291,240 (3.3%) $369,062 (21.5%) 0.00 159
    2023-03-01 $291,740 (5.3%) $378,506 (22.6%) 0.00 153
    2023-04-01 $299,900 (2.5%) $380,055 (14.5%) 0.00 143
    2023-05-01 $314,675 (5.7%) $397,345 (12.3%) 0.00 143
    2023-06-01 $319,925 (14.6%) $412,536 (20.7%) 0.00 157
    2023-07-01 $299,900 (6.3%) $391,263 (9.5%) 0.00 145
    2023-08-01 $299,000 (7.5%) $375,334 (9.8%) 0.00 152
    2023-09-01 $285,000 (3.3%) $370,753 (4.9%) 0.00 166
    2023-10-01 $279,450 (-0.6%) $352,151 (-2.6%) 0.00 179
    2023-11-01 $287,450 (2.5%) $358,323 (2.5%) 0.00 189
    2023-12-01 $281,990 (2.5%) $337,037 (-1.5%) 0.00 198
    2024-01-01 $297,125 (7.2%) $339,852 (-1.9%) 0.00 185
    2024-02-01 $292,950 (0.6%) $339,930 (-7.9%) 0.00 189
    2024-03-01 $294,900 (1.1%) $350,982 (-7.3%) 0.00 218
    2024-04-01 $299,900 (0.0%) $348,271 (-8.4%) 0.00 240
    2024-05-01 $288,950 (-8.2%) $354,868 (-10.7%) 0.00 226
    2024-06-01 $299,000 (-6.5%) $352,822 (-14.5%) 0.00 249
    2024-07-01 $293,250 (-2.2%) $355,275 (-9.2%) 0.00 244
    2024-08-01 $299,945 (0.3%) $370,160 (-1.4%) 0.00 258
    2024-09-01 $296,125 (3.9%) $362,706 (-2.2%) 0.00 249
    2024-10-01 $293,269 (4.9%) $365,499 (3.8%) 0.00 228
    2024-11-01 $267,500 (-6.9%) $343,241 (-4.2%) 0.00 234
    2024-12-01 $271,200 (-3.8%) $324,584 (-3.7%) 0.00 240
    2025-01-01 $274,000 (-7.8%) $319,937 (-5.9%) 0.00 232
    2025-02-01 $269,950 (-7.9%) $324,802 (-4.5%) 0.00 228
    2025-03-01 $274,900 (-6.8%) $341,906 (-2.6%) 0.00 254
    Greenwood's median listing price for 2025-03-01 was $274,900, a difference of $-20,000 (-6.8%) versus the prior year and $4,950 versus the prior month.

    Greenwood's median listing price comes in at 0% of the national average.

    Greenwood's average listing price for 2025-03-01 was $341,906, a difference of $-9,076 (-2.6%) versus the prior year and $17,104 versus the prior month.

    For the 2025-03-01 period, Greenwood had 254 MLS listings, a difference of 26 listings (11%) versus the prior month and 36 listings (17%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Greenwood (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,909 sqft
    2018-02-01 0 days 1,900 sqft
    2018-03-01 0 days 1,950 sqft
    2018-04-01 0 days 1,931 sqft
    2018-05-01 0 days 1,943 sqft
    2018-06-01 0 days 1,950 sqft
    2018-07-01 0 days 1,971 sqft
    2018-08-01 0 days 1,996 sqft
    2018-09-01 0 days 2,026 sqft
    2018-10-01 0 days 2,061 sqft
    2018-11-01 0 days 2,098 sqft
    2018-12-01 0 days 2,086 sqft
    2019-01-01 0 days 2,030 sqft
    2019-02-01 0 days 1,964 sqft
    2019-03-01 0 days 2,019 sqft
    2019-04-01 0 days 2,090 sqft
    2019-05-01 0 days 2,086 sqft
    2019-06-01 0 days 2,084 sqft
    2019-07-01 0 days 2,099 sqft
    2019-08-01 0 days 2,124 sqft
    2019-09-01 0 days 2,161 sqft
    2019-10-01 0 days 2,186 sqft
    2019-11-01 0 days 2,190 sqft
    2019-12-01 0 days 2,161 sqft
    2020-01-01 0 days 2,203 sqft
    2020-02-01 0 days 2,167 sqft
    2020-03-01 0 days 2,216 sqft
    2020-04-01 0 days 2,228 sqft
    2020-05-01 0 days 2,288 sqft
    2020-06-01 0 days 2,312 sqft
    2020-07-01 0 days 2,359 sqft
    2020-08-01 0 days 2,312 sqft
    2020-09-01 0 days 2,427 sqft
    2020-10-01 0 days 2,399 sqft
    2020-11-01 0 days 2,361 sqft
    2020-12-01 0 days 2,294 sqft
    2021-01-01 0 days 2,200 sqft
    2021-02-01 0 days 2,207 sqft
    2021-03-01 0 days 2,243 sqft
    2021-04-01 0 days 2,211 sqft
    2021-05-01 0 days 2,046 sqft
    2021-06-01 0 days 1,878 sqft
    2021-07-01 0 days 2,100 sqft
    2021-08-01 0 days 1,973 sqft
    2021-09-01 0 days 1,849 sqft
    2021-10-01 0 days 1,800 sqft
    2021-11-01 0 days 1,832 sqft
    2021-12-01 0 days 1,855 sqft
    2022-01-01 0 days 1,881 sqft
    2022-02-01 0 days 1,874 sqft
    2022-03-01 0 days 1,879 sqft
    2022-04-01 0 days 1,874 sqft
    2022-05-01 0 days 1,879 sqft
    2022-06-01 0 days 1,878 sqft
    2022-07-01 0 days 1,862 sqft
    2022-08-01 0 days 1,889 sqft
    2022-09-01 0 days 1,899 sqft
    2022-10-01 0 days 1,900 sqft
    2022-11-01 0 days 1,900 sqft
    2022-12-01 0 days 1,928 sqft
    2023-01-01 0 days 1,937 sqft
    2023-02-01 0 days 1,965 sqft
    2023-03-01 0 days 1,981 sqft
    2023-04-01 0 days 2,000 sqft
    2023-05-01 0 days 2,000 sqft
    2023-06-01 0 days 1,995 sqft
    2023-07-01 0 days 1,958 sqft
    2023-08-01 0 days 1,878 sqft
    2023-09-01 0 days 1,880 sqft
    2023-10-01 0 days 1,825 sqft
    2023-11-01 0 days 1,849 sqft
    2023-12-01 0 days 1,900 sqft
    2024-01-01 0 days 1,872 sqft
    2024-02-01 0 days 1,864 sqft
    2024-03-01 0 days 1,928 sqft
    2024-04-01 0 days 1,964 sqft
    2024-05-01 0 days 1,892 sqft
    2024-06-01 0 days 1,824 sqft
    2024-07-01 0 days 1,743 sqft
    2024-08-01 0 days 1,746 sqft
    2024-09-01 0 days 1,750 sqft
    2024-10-01 0 days 1,777 sqft
    2024-11-01 0 days 1,778 sqft
    2024-12-01 0 days 1,774 sqft
    2025-01-01 0 days 1,771 sqft
    2025-02-01 0 days 1,780 sqft
    2025-03-01 0 days 1,820 sqft
    Greenwood's median listing age (time on market) for 2025-03-01 was 0 days.

    Greenwood's median square footage for active listings during the 2025-03-01 period was 1,820 sqft. One year prior, the average listing was 1,928 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).