Henderson FHA Loan Rates, Closing Costs & Stats

Henderson, NC

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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.

    Henderson's 45 lenders originated 99 FHA loans during 2024. The total origination value was $21,335,000, with an average FHA loan value of $215,505.

    Henderson FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Henderson averaged 6.75% for the week of 2025-04-04, compared to the national average (all FHA variants) of 6.259% for the same period.

    Henderson's average FHA mortgage closing costs are $8,001.

    The average rate for the prior week (2025-03-28) was 6.75% and one month ago for the week of 2025-02-28, the average rate was 6.73%.

    The average rate one year ago was 6.85%.

    For refis of the same type during the week of 2025-04-04, the average rate was 6.06%.

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

    Henderson 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 Henderson level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    QUICKEN LOANS, LLC 9 6.40% $10,358
    CARDINAL FINANCIAL 5 6.40% $12,389
    BROKER SOLUTIONS, INC. 5 6.70% $11,089
    UNITED WHOLESALE MORTGAGE, LLC 5 6.27% $12,409
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 5 6.75% $9,267
    UNION HOME MORTGAGE CORP. 4 6.44% $10,299
    FREEDOM MORTGAGE CORPORATION 3 6.46% $7,629
    MOVEMENT MORTGAGE, LLC 3 6.96% $9,614
    Victorian Finance, LLC 2 6.38% $10,391
    EQUITY RESOURCES, INC. 2 7.00% $11,837
    CORNERSTONE HOME LENDING, INC. 2 6.44% $10,947
    SeaTrust Mortgage Company 2 6.19% $10,149
    CROSSCOUNTRY MORTGAGE, LLC 2 6.72% $9,408
    Mortgage Research Center, LLC 2 6.50% $6,089
    NEWREZ LLC 2 6.75% $9,869
    FIRST HOME MORTGAGE CORPORATION 2 6.38% $11,100
    LOANLEADERS OF AMERICA, INC. 1 5.75% $14,010
    MORTGAGE SOLUTIONS OF COLORADO, LLC 1 6.25% $15,889
    Northpointe Bank 1 5.75% $11,014
    PENNYMAC LOAN SERVICES, LLC 1 6.75% $11,815
    Plains Commerce Bank 1 6.63% $12,256
    PLAZA HOME MORTGAGE, INC. 1 6.75% $5,952
    PREMIA MORTGAGE, LLC 1 5.75% $5,151
    SFMC, LP 1 7.13% $13,096
    SUMMIT FUNDING, INC. 1 6.88% $8,026
    SUN WEST MORTGAGE COMPANY, INC. 1 5.88% $12,429
    TIDEWATER MORTGAGE SERVICES, INC. 1 6.88% $7,739
    TOWNE MORTGAGE COMPANY 1 6.63% $9,405
    VERITAS FUNDING, LLC 1 6.75% $24,012
    INTERCOASTAL MORTGAGE COMPANY 1 6.50% $6,832
    AmeriHome Mortgage Company, LLC 1 6.63% $9,297
    AMERISAVE MORTGAGE CORPORATION 1 6.63% $11,427
    BAY EQUITY LLC 1 6.25% $9,983
    Carrington Mortgage Services, LLC 1 6.88% $8,131
    CITY FIRST MORTGAGE SERVICES, L.L.C. 1 5.99% $14,171
    ENVOY MORTGAGE, LTD 1 7.00% $10,131
    Equity Prime Mortgage LLC 1 5.25% $8,609
    EVERETT FINANCIAL, INC. 1 6.25% $11,767
    Fifth Third Bank 1 6.50% $7,673
    First-Citizens Bank & Trust Company 1 5.75% $10,336
    First Heritage Mortgage, LLC 1 6.13% $6,962
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 6.75% $5,040
    GUILD MORTGAGE COMPANY 1 7.25% $7,103
    Alcova Mortgage LLC 1 5.75% $12,881
    LOANDEPOT.COM, LLC 1 6.38% $10,571

    The top Henderson FHA lender as defined by loan originations is QUICKEN LOANS, LLC, with 9 FHA loans originated. Their average total fees are $10,358, which is $2,031 lower than the next largest lender, CARDINAL FINANCIAL.

    The lowest fee Henderson FHA lenders (with over 10 loans originated) are .

    The lowest rate Henderson FHA lenders (with over 10 loans originated) are .

    Henderson FHA Loan Limits

    Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
    HENDERSON, NC VANCE 2022 $420,680 $538,650 $651,050 $809,150
    HENDERSON, NC VANCE 2023 $472,030 $604,400 $730,525 $907,900

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Henderson (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 $180,495 (40.3%) $204,240 (17.4%) 0.00 72
    2018-02-01 $173,993 (18.1%) $204,679 (19.7%) 0.00 71
    2018-03-01 $149,900 (0.0%) $196,209 (4.5%) 0.00 79
    2018-04-01 $170,425 (13.6%) $196,762 (3.0%) 0.00 79
    2018-05-01 $163,990 (4.0%) $189,564 (0.3%) 0.00 79
    2018-06-01 $168,950 (5.2%) $196,959 (-0.1%) 0.00 76
    2018-07-01 $169,400 (-0.4%) $237,656 (16.4%) 0.00 71
    2018-08-01 $164,445 (0.8%) $234,810 (20.0%) 0.00 66
    2018-09-01 $159,950 (-3.3%) $243,779 (24.1%) 0.00 72
    2018-10-01 $183,175 (8.1%) $255,563 (28.8%) 0.00 70
    2018-11-01 $160,495 (-8.8%) $236,579 (16.7%) 0.00 79
    2018-12-01 $136,445 (-25.8%) $200,031 (-3.8%) 0.00 87
    2019-01-01 $129,848 (-28.1%) $168,225 (-17.6%) 0.00 80
    2019-02-01 $129,000 (-25.9%) $170,727 (-16.6%) 0.00 79
    2019-03-01 $137,764 (-8.1%) $180,021 (-8.3%) 0.00 72
    2019-04-01 $149,225 (-12.4%) $186,494 (-5.2%) 0.00 77
    2019-05-01 $149,475 (-8.9%) $191,693 (1.1%) 0.00 72
    2019-06-01 $192,450 (13.9%) $216,953 (10.2%) 0.00 57
    2019-07-01 $198,450 (17.2%) $217,380 (-8.5%) 0.00 56
    2019-08-01 $189,536 (15.3%) $210,349 (-10.4%) 0.00 57
    2019-09-01 $173,991 (8.8%) $201,169 (-17.5%) 0.00 60
    2019-10-01 $153,400 (-16.3%) $190,235 (-25.6%) 0.00 63
    2019-11-01 $159,000 (-0.9%) $185,432 (-21.6%) 0.00 70
    2019-12-01 $150,448 (10.3%) $177,770 (-11.1%) 0.00 64
    2020-01-01 $179,000 (37.9%) $214,664 (27.6%) 0.00 46
    2020-02-01 $172,450 (33.7%) $193,388 (13.3%) 0.00 49
    2020-03-01 $153,750 (11.6%) $185,814 (3.2%) 0.00 55
    2020-04-01 $189,553 (27.0%) $194,777 (4.4%) 0.00 60
    2020-05-01 $189,990 (27.1%) $195,948 (2.2%) 0.00 57
    2020-06-01 $173,100 (-10.1%) $204,438 (-5.8%) 0.00 41
    2020-07-01 $199,745 (0.7%) $220,578 (1.5%) 0.00 40
    2020-08-01 $239,000 (26.1%) $271,041 (28.9%) 0.00 34
    2020-09-01 $254,675 (46.4%) $293,488 (45.9%) 0.00 37
    2020-10-01 $161,500 (5.3%) $276,897 (45.6%) 0.00 35
    2020-11-01 $166,750 (4.9%) $271,825 (46.6%) 0.00 38
    2020-12-01 $159,250 (5.9%) $226,227 (27.3%) 0.00 33
    2021-01-01 $167,500 (-6.4%) $241,832 (12.7%) 0.00 28
    2021-02-01 $160,000 (-7.2%) $222,386 (15.0%) 0.00 27
    2021-03-01 $166,475 (8.3%) $316,724 (70.5%) 0.00 20
    2021-04-01 $229,725 (21.2%) $339,516 (74.3%) 0.00 22
    2021-05-01 $202,400 (6.5%) $283,732 (44.8%) 0.00 24
    2021-06-01 $212,250 (22.6%) $292,077 (42.9%) 0.00 25
    2021-07-01 $175,000 (-12.4%) $289,244 (31.1%) 0.00 32
    2021-08-01 $163,750 (-31.5%) $263,661 (-2.7%) 0.00 50
    2021-09-01 $165,000 (-35.2%) $284,843 (-3.0%) 0.00 49
    2021-10-01 $186,250 (15.3%) $269,061 (-2.8%) 0.00 40
    2021-11-01 $159,975 (-4.1%) $226,142 (-16.8%) 0.00 35
    2021-12-01 $160,000 (0.5%) $264,610 (17.0%) 0.00 31
    2022-01-01 $169,950 (1.5%) $274,730 (13.6%) 0.00 30
    2022-02-01 $158,450 (-1.0%) $242,231 (8.9%) 0.00 25
    2022-03-01 $268,475 (61.3%) $319,880 (1.0%) 0.00 26
    2022-04-01 $289,900 (26.2%) $352,072 (3.7%) 0.00 26
    2022-05-01 $270,000 (33.4%) $328,350 (15.7%) 0.00 34
    2022-06-01 $275,975 (30.0%) $325,080 (11.3%) 0.00 40
    2022-07-01 $282,200 (61.3%) $327,973 (13.4%) 0.00 49
    2022-08-01 $282,200 (72.3%) $331,591 (25.8%) 0.00 56
    2022-09-01 $277,000 (67.9%) $320,670 (12.6%) 0.00 54
    2022-10-01 $270,000 (45.0%) $321,121 (19.4%) 0.00 56
    2022-11-01 $258,675 (61.7%) $305,042 (34.9%) 0.00 55
    2022-12-01 $244,950 (53.1%) $308,570 (16.6%) 0.00 52
    2023-01-01 $281,225 (65.5%) $313,390 (14.1%) 0.00 49
    2023-02-01 $268,750 (69.6%) $297,839 (23.0%) 0.00 53
    2023-03-01 $309,225 (15.2%) $341,478 (6.8%) 0.00 53
    2023-04-01 $325,000 (12.1%) $368,202 (4.6%) 0.00 41
    2023-05-01 $325,000 (20.4%) $370,978 (13.0%) 0.00 41
    2023-06-01 $325,000 (17.8%) $383,532 (18.0%) 0.00 44
    2023-07-01 $315,000 (11.6%) $386,682 (17.9%) 0.00 48
    2023-08-01 $299,725 (6.2%) $358,169 (8.0%) 0.00 55
    2023-09-01 $299,500 (8.1%) $351,961 (9.8%) 0.00 55
    2023-10-01 $295,000 (9.3%) $346,173 (7.8%) 0.00 53
    2023-11-01 $289,000 (11.7%) $323,289 (6.0%) 0.00 53
    2023-12-01 $299,250 (22.2%) $349,452 (13.3%) 0.00 54
    2024-01-01 $282,300 (0.4%) $328,231 (4.7%) 0.00 54
    2024-02-01 $284,500 (5.9%) $324,633 (9.0%) 0.00 56
    2024-03-01 $304,900 (-1.4%) $337,181 (-1.3%) 0.00 50
    2024-04-01 $309,312 (-4.8%) $349,048 (-5.2%) 0.00 57
    2024-05-01 $310,500 (-4.5%) $356,042 (-4.0%) 0.00 55
    2024-06-01 $325,000 (0.0%) $370,640 (-3.4%) 0.00 61
    2024-07-01 $299,925 (-4.8%) $356,320 (-7.9%) 0.00 63
    2024-08-01 $304,499 (1.6%) $337,696 (-5.7%) 0.00 80
    2024-09-01 $308,500 (3.0%) $341,212 (-3.1%) 0.00 87
    2024-10-01 $300,000 (1.7%) $334,592 (-3.4%) 0.00 86
    2024-11-01 $284,950 (-1.4%) $322,595 (-0.2%) 0.00 89
    2024-12-01 $284,950 (-4.8%) $328,712 (-5.9%) 0.00 77
    2025-01-01 $275,725 (-2.3%) $312,817 (-4.7%) 0.00 66
    2025-02-01 $267,975 (-5.8%) $318,186 (-2.0%) 0.00 58
    2025-03-01 $249,000 (-18.3%) $312,953 (-7.2%) 0.00 78
    Henderson's median listing price for 2025-03-01 was $249,000, a difference of $-55,900 (-18.3%) versus the prior year and $-18,975 versus the prior month.

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

    Henderson's average listing price for 2025-03-01 was $312,953, a difference of $-24,228 (-7.2%) versus the prior year and $-5,233 versus the prior month.

    For the 2025-03-01 period, Henderson had 78 MLS listings, a difference of 20 listings (34%) versus the prior month and 28 listings (56%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Henderson (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,933 sqft
    2018-02-01 0 days 1,897 sqft
    2018-03-01 0 days 1,803 sqft
    2018-04-01 0 days 1,733 sqft
    2018-05-01 0 days 1,760 sqft
    2018-06-01 0 days 1,801 sqft
    2018-07-01 0 days 1,843 sqft
    2018-08-01 0 days 1,805 sqft
    2018-09-01 0 days 1,810 sqft
    2018-10-01 0 days 1,819 sqft
    2018-11-01 0 days 1,759 sqft
    2018-12-01 0 days 1,534 sqft
    2019-01-01 0 days 1,436 sqft
    2019-02-01 0 days 1,526 sqft
    2019-03-01 0 days 1,568 sqft
    2019-04-01 0 days 1,620 sqft
    2019-05-01 0 days 1,653 sqft
    2019-06-01 0 days 1,787 sqft
    2019-07-01 0 days 1,831 sqft
    2019-08-01 0 days 1,788 sqft
    2019-09-01 0 days 1,739 sqft
    2019-10-01 0 days 1,662 sqft
    2019-11-01 0 days 1,569 sqft
    2019-12-01 0 days 1,469 sqft
    2020-01-01 0 days 1,757 sqft
    2020-02-01 0 days 1,813 sqft
    2020-03-01 0 days 1,847 sqft
    2020-04-01 0 days 1,922 sqft
    2020-05-01 0 days 1,814 sqft
    2020-06-01 0 days 1,808 sqft
    2020-07-01 0 days 1,853 sqft
    2020-08-01 0 days 1,844 sqft
    2020-09-01 0 days 1,711 sqft
    2020-10-01 0 days 1,850 sqft
    2020-11-01 0 days 1,781 sqft
    2020-12-01 0 days 1,641 sqft
    2021-01-01 0 days 1,617 sqft
    2021-02-01 0 days 1,544 sqft
    2021-03-01 0 days 1,757 sqft
    2021-04-01 0 days 2,022 sqft
    2021-05-01 0 days 1,721 sqft
    2021-06-01 0 days 1,794 sqft
    2021-07-01 0 days 1,740 sqft
    2021-08-01 0 days 1,578 sqft
    2021-09-01 0 days 1,507 sqft
    2021-10-01 0 days 1,456 sqft
    2021-11-01 0 days 1,456 sqft
    2021-12-01 0 days 1,608 sqft
    2022-01-01 0 days 1,396 sqft
    2022-02-01 0 days 1,307 sqft
    2022-03-01 0 days 1,602 sqft
    2022-04-01 0 days 1,665 sqft
    2022-05-01 0 days 1,665 sqft
    2022-06-01 0 days 1,672 sqft
    2022-07-01 0 days 1,667 sqft
    2022-08-01 0 days 1,736 sqft
    2022-09-01 0 days 1,724 sqft
    2022-10-01 0 days 1,660 sqft
    2022-11-01 0 days 1,658 sqft
    2022-12-01 0 days 1,568 sqft
    2023-01-01 0 days 1,643 sqft
    2023-02-01 0 days 1,665 sqft
    2023-03-01 0 days 1,730 sqft
    2023-04-01 0 days 1,738 sqft
    2023-05-01 0 days 1,738 sqft
    2023-06-01 0 days 1,751 sqft
    2023-07-01 0 days 1,739 sqft
    2023-08-01 0 days 1,738 sqft
    2023-09-01 0 days 1,612 sqft
    2023-10-01 0 days 1,717 sqft
    2023-11-01 0 days 1,520 sqft
    2023-12-01 0 days 1,618 sqft
    2024-01-01 0 days 1,607 sqft
    2024-02-01 0 days 1,610 sqft
    2024-03-01 0 days 1,694 sqft
    2024-04-01 0 days 1,693 sqft
    2024-05-01 0 days 1,738 sqft
    2024-06-01 0 days 1,800 sqft
    2024-07-01 0 days 1,736 sqft
    2024-08-01 0 days 1,749 sqft
    2024-09-01 0 days 1,807 sqft
    2024-10-01 0 days 1,800 sqft
    2024-11-01 0 days 1,776 sqft
    2024-12-01 0 days 1,801 sqft
    2025-01-01 0 days 1,773 sqft
    2025-02-01 0 days 1,787 sqft
    2025-03-01 0 days 1,733 sqft
    Henderson's median listing age (time on market) for 2025-03-01 was 0 days.

    Henderson's median square footage for active listings during the 2025-03-01 period was 1,733 sqft. One year prior, the average listing was 1,694 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).