Hickory FHA Loan Rates, Closing Costs & Stats

HICKORY-LENOIR-MORGANTON, 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.

    Hickory's 116 lenders originated 1,314 FHA loans during 2024. The total origination value was $310,160,000, with an average FHA loan value of $236,043.

    Hickory FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Hickory averaged 6.54% for the week of 2025-07-11, compared to the national average (all FHA variants) of 6.523% for the same period.

    Hickory's average FHA mortgage closing costs are $7,796.

    The average rate for the prior week (2025-07-04) was 6.57% and one month ago for the week of 2025-06-06, the average rate was 6.61%.

    The average rate one year ago was 6.84%.

    For refis of the same type during the week of 2025-07-11, the average rate was 6.79%.

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

    Hickory 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 Hickory level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    QUICKEN LOANS, LLC 143 6.37% $10,205
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 115 6.66% $11,067
    CROSSCOUNTRY MORTGAGE, LLC 114 6.61% $10,701
    UNITED WHOLESALE MORTGAGE, LLC 78 6.21% $12,027
    DHI MORTGAGE COMPANY, LTD. 52 4.98% $6,274
    EAGLE HOME MORTGAGE, LLC 48 6.02% $6,912
    MOVEMENT MORTGAGE, LLC 36 6.64% $10,686
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 36 6.56% $9,933
    FREEDOM MORTGAGE CORPORATION 34 6.45% $10,217
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 34 6.85% $9,047
    LOANDEPOT.COM, LLC 32 6.27% $9,755
    SeaTrust Mortgage Company 29 6.29% $12,055
    CARDINAL FINANCIAL 27 6.70% $11,073
    GUILD MORTGAGE COMPANY 25 6.78% $10,759
    INSPIRE HOME LOANS INC. 24 5.31% $9,718
    BROKER SOLUTIONS, INC. 18 6.85% $12,017
    NVR Mortgage Finance, Inc. 13 5.74% $9,724
    Equity Prime Mortgage LLC 12 6.85% $12,532
    PENNYMAC LOAN SERVICES, LLC 12 5.89% $9,463
    Alcova Mortgage LLC 12 6.63% $8,409
    Truist 11 6.46% $8,819
    RELIANCE FIRST CAPITAL, LLC 10 6.93% $9,528
    Carrington Mortgage Services, LLC 10 6.31% $9,485
    NEWREZ LLC 9 6.67% $10,470
    MUTUAL OF OMAHA MORTGAGE, INC. 9 6.29% $13,430
    VILLAGE CAPITAL MORTGAGE 9 6.54% $6,617
    LOANPAL, LLC 9 5.49% $10,736
    AMERISAVE MORTGAGE CORPORATION 8 6.25% $13,116
    Flagstar Bank, FSB 8 6.04% $10,501
    M/I FINANCIAL, LLC 7 4.73% $23,368
    T2 FINANCIAL LLC 7 6.63% $12,972
    Mr. Cooper ( Nationstar Mortgage ) 7 6.75% $10,215
    HOMESIDE FINANCIAL, LLC 6 6.27% $12,463
    PRIMARY RESIDENTIAL MORTGAGE, INC. 6 6.83% $7,573
    UNION HOME MORTGAGE CORP. 6 6.85% $13,714
    First-Citizens Bank & Trust Company 6 5.94% $9,474
    AMERICAN FINANCING CORPORATION 5 6.32% $10,845
    Mortgage Research Center, LLC 5 6.13% $11,721
    LAKEVIEW LOAN SERVICING, LLC 5 6.65% $7,114
    Fifth Third Bank 5 6.47% $10,714
    HOWARD HANNA FINANCIAL SERVICES, INC. 5 6.65% $11,138
    GUARANTEED RATE, INC. 5 6.79% $8,573
    PLANET HOME LENDING, LLC 4 6.41% $13,049
    NFM, INC. 4 6.50% $14,080
    PLAZA HOME MORTGAGE, INC. 4 7.25% $8,410
    AMERICAN FINANCIAL NETWORK, INC. 4 6.72% $13,793
    American Security Mortgage Corp. 4 6.44% $7,928
    SUMMIT FUNDING, INC. 3 7.00% $9,401
    SOUTHERN TRUST MORTGAGE, LLC 3 6.75% $9,851
    INTERCOASTAL MORTGAGE COMPANY 3 6.67% $8,807
    Century Mortgage Company DBA Century Lending Company 3 6.54% $11,984
    First Heritage Mortgage, LLC 3 6.67% $12,464
    MILEND, INC. 3 6.33% $15,234
    TOP FLITE FINANCIAL, INC. 3 7.08% $11,906
    ZILLOW HOME LOANS, LLC 3 6.75% $10,535
    SECURITYNATIONAL MORTGAGE COMPANY 2 6.63% $12,959
    Mortgage Assurance Inc. 2 6.69% $8,886
    EVERETT FINANCIAL, INC. 2 6.88% $18,156
    Paramount Residential Mortgage Group, Inc. 2 6.19% $10,536
    Renasant Bank 2 6.38% $14,154
    ENVOY MORTGAGE, LTD 2 6.88% $13,918
    Ameris Bank 2 6.44% $9,301
    PHH Mortgage Corporation 2 6.81% $12,575
    CALCON MUTUAL MORTGAGE LLC 2 6.06% $13,524
    PENTAGON FEDERAL CREDIT UNION 2 5.69% $13,152
    First Federal Bank 2 5.31% $7,012
    The Federal Savings Bank 2 6.50% $10,099
    SUN WEST MORTGAGE COMPANY, INC. 2 6.00% $14,117
    Summit Mortgage Corporation 2 6.25% $8,960
    C & F Mortgage Corporation 2 6.13% $8,600
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 2 7.19% $11,714
    AMERICAN PACIFIC MORTGAGE CORPORATION 2 7.19% $13,236
    NEW DAY FINANCIAL, LLC 1 7.63% $4,043
    A&D Mortgage LLC 1 5.75% $10,919
    ALLIED MORTGAGE GROUP, INC. 1 6.25% $14,392
    AMERICAN FINANCIAL RESOURCES, INC. 1 6.25% $12,002
    American Mortgage & Equity Consultants, Inc. 1 6.75% $13,234
    AmeriHome Mortgage Company, LLC 1 6.63% $6,476
    BETTER MORTGAGE CORPORATION 1 6.25% $11,469
    Chickasaw Community Bank 1 6.38% $8,054
    CHURCHILL MORTGAGE CORPORATION 1 6.49% $13,972
    CMG MORTGAGE, INC. 1 7.25% $5,841
    CORNERSTONE HOME LENDING, INC. 1 6.75% $12,491
    EMBRACE HOME LOANS, INC. 1 7.13% $9,585
    EMM LOANS LLC 1 6.25% $19,883
    FIRST COMMUNITY MORTGAGE, INC. 1 6.75% $14,012
    First Horizon Bank 1 6.63% $8,102
    GoPrime Mortgage, Inc. 1 7.25% $10,460
    GUARANTEED RATE AFFINITY, LLC 1 6.13% $5,418
    HOMEOWNERS FINANCIAL GROUP USA, LLC 1 7.63% $9,497
    Integrity Home Mortgage Corp 1 7.00% $8,687
    JMAC LENDING, INC. 1 6.25% $12,066
    LEADERONE FINANCIAL CORPORATION 1 6.99% $9,984
    MICHIGAN MUTUAL, INC. 1 5.75% $8,461
    MID AMERICA MORTGAGE, INC. 1 7.25% $4,867
    MORTGAGE SOLUTIONS OF COLORADO, LLC 1 7.25% $10,480
    Nations Lending Corporation 1 6.50% $17,323
    NBKC BANK 1 7.13% $8,084
    NETWORK CAPITAL FUNDING CORPORATION 1 6.13% $14,860
    ABSOLUTE HOME MORTGAGE CORPORATION 1 6.50% $9,637
    ON Q FINANCIAL, INC. 1 7.25% $11,968
    POLARIS HOME FUNDING CORP. 1 6.75% $9,677
    Prosperity Home Mortgage, LLC 1 5.25% $13,136
    Regions Bank 1 6.25% $14,355
    Residential Mortgage Solutions, Inc. 1 6.63% $10,419
    ROYAL UNITED MORTGAGE LLC 1 6.63% $11,586
    S1L, Inc. 1 5.75% $13,141
    South State Bank 1 6.38% $10,547
    TJC Mortgage, Inc. 1 7.13% $11,023
    TOTAL MORTGAGE SERVICES, LLC 1 7.25% $12,227
    TOWNE MORTGAGE COMPANY 1 6.25% $9,391
    UNITED MORTGAGE CORP 1 6.25% $14,236
    U.S. Bank 1 6.63% $3,923
    VANDERBILT MORTGAGE AND FINANCE, INC. 1 6.75% $7,512
    VERITAS FUNDING, LLC 1 5.25% $13,350
    Wells Fargo Bank 1 6.63% $8,809

    The top Hickory FHA lender as defined by loan originations is QUICKEN LOANS, LLC, with 143 FHA loans originated. Their average total fees are $10,205, which is $862 lower than the next largest lender, ATLANTIC BAY MORTGAGE GROUP, L.L.C..

    The lowest fee Hickory FHA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. ($6,274), EAGLE HOME MORTGAGE, LLC ($6,912), Alcova Mortgage LLC ($8,409), Truist ($8,819) and HIGHLANDS RESIDENTIAL MORTGAGE, LTD. ($9,047).

    The lowest rate Hickory FHA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (4.98%), INSPIRE HOME LOANS INC. (5.31%), NVR Mortgage Finance, Inc. (5.74%), PENNYMAC LOAN SERVICES, LLC (5.89%) and EAGLE HOME MORTGAGE, LLC (6.02%).

    Hickory FHA Loan Limits

    Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
    HICKORY-LENOIR-MORGANTON, NC ALEXANDER 2022 $420,680 $538,650 $651,050 $809,150
    HICKORY-LENOIR-MORGANTON, NC BURKE 2022 $420,680 $538,650 $651,050 $809,150
    HICKORY-LENOIR-MORGANTON, NC CALDWELL 2022 $420,680 $538,650 $651,050 $809,150
    HICKORY-LENOIR-MORGANTON, NC CATAWBA 2022 $420,680 $538,650 $651,050 $809,150
    HICKORY-LENOIR-MORGANTON, NC ALEXANDER 2023 $472,030 $604,400 $730,525 $907,900
    HICKORY-LENOIR-MORGANTON, NC BURKE 2023 $472,030 $604,400 $730,525 $907,900
    HICKORY-LENOIR-MORGANTON, NC CALDWELL 2023 $472,030 $604,400 $730,525 $907,900
    HICKORY-LENOIR-MORGANTON, NC CATAWBA 2023 $472,030 $604,400 $730,525 $907,900

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Hickory (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 $228,750 (27.6%) $314,555 (18.2%) 0.85 1,032
    2018-02-01 $231,950 (26.1%) $322,321 (18.4%) 0.84 1,095
    2018-03-01 $246,398 (28.5%) $344,043 (23.0%) 0.86 1,058
    2018-04-01 $254,375 (24.1%) $350,100 (21.6%) 0.86 1,119
    2018-05-01 $257,400 (19.8%) $354,376 (21.0%) 0.86 1,113
    2018-06-01 $259,900 (19.8%) $359,618 (18.1%) 0.87 1,123
    2018-07-01 $250,950 (14.1%) $352,899 (13.7%) 0.84 1,205
    2018-08-01 $246,750 (9.7%) $352,633 (14.5%) 0.83 1,236
    2018-09-01 $239,000 (6.2%) $338,897 (8.2%) 0.80 1,283
    2018-10-01 $239,300 (5.6%) $336,698 (7.2%) 0.81 1,287
    2018-11-01 $248,700 (5.9%) $339,180 (6.5%) 0.84 1,219
    2018-12-01 $249,000 (6.0%) $338,822 (6.8%) 0.86 1,151
    2019-01-01 $249,900 (9.3%) $344,080 (9.4%) 0.86 1,006
    2019-02-01 $249,950 (7.8%) $339,910 (5.5%) 0.84 988
    2019-03-01 $267,257 (8.5%) $355,569 (3.4%) 0.87 926
    2019-04-01 $281,900 (10.8%) $376,597 (7.6%) 0.90 868
    2019-05-01 $299,350 (16.3%) $391,293 (10.4%) 0.94 861
    2019-06-01 $299,000 (15.0%) $397,466 (10.5%) 0.93 872
    2019-07-01 $298,625 (19.0%) $394,819 (11.9%) 0.93 886
    2019-08-01 $295,791 (19.9%) $392,276 (11.2%) 0.94 874
    2019-09-01 $290,227 (21.4%) $385,841 (13.9%) 0.93 853
    2019-10-01 $280,450 (17.2%) $378,109 (12.3%) 0.90 846
    2019-11-01 $269,900 (8.5%) $365,745 (7.8%) 0.88 840
    2019-12-01 $274,900 (10.4%) $369,415 (9.0%) 0.92 777
    2020-01-01 $267,450 (7.0%) $372,224 (8.2%) 0.89 702
    2020-02-01 $261,000 (4.4%) $370,956 (9.1%) 0.85 687
    2020-03-01 $259,950 (-2.7%) $361,376 (1.6%) 0.81 677
    2020-04-01 $263,675 (-6.5%) $357,475 (-5.1%) 0.83 669
    2020-05-01 $269,900 (-9.8%) $373,722 (-4.5%) 0.82 589
    2020-06-01 $279,450 (-6.5%) $389,848 (-1.9%) 0.82 528
    2020-07-01 $299,500 (0.3%) $396,934 (0.5%) 0.87 490
    2020-08-01 $310,000 (4.8%) $406,247 (3.6%) 0.89 443
    2020-09-01 $299,175 (3.1%) $407,475 (5.6%) 0.86 513
    2020-10-01 $309,900 (10.5%) $413,087 (9.3%) 0.89 425
    2020-11-01 $299,950 (11.1%) $417,807 (14.2%) 0.88 438
    2020-12-01 $294,450 (7.1%) $412,280 (11.6%) 0.88 412
    2021-01-01 $285,000 (6.6%) $421,957 (13.4%) 0.85 366
    2021-02-01 $259,950 (-0.4%) $414,807 (11.8%) 0.76 324
    2021-03-01 $264,625 (1.8%) $415,070 (14.9%) 0.75 288
    2021-04-01 $264,950 (0.5%) $416,876 (16.6%) 0.72 282
    2021-05-01 $269,900 (0.0%) $433,438 (16.0%) 0.72 298
    2021-06-01 $268,975 (-3.8%) $428,530 (9.9%) 0.71 343
    2021-07-01 $275,000 (-8.2%) $411,057 (3.6%) 0.73 394
    2021-08-01 $271,750 (-12.3%) $392,095 (-3.5%) 0.72 403
    2021-09-01 $273,000 (-8.8%) $401,944 (-1.4%) 0.73 407
    2021-10-01 $269,900 (-12.9%) $405,814 (-1.8%) 0.72 378
    2021-11-01 $282,400 (-5.9%) $407,691 (-2.4%) 0.75 357
    2021-12-01 $277,425 (-5.8%) $417,969 (1.4%) 0.75 312
    2022-01-01 $298,500 (4.7%) $438,305 (3.9%) 0.81 254
    2022-02-01 $294,500 (13.3%) $427,959 (3.2%) 0.77 234
    2022-03-01 $311,575 (17.7%) $432,460 (4.2%) 0.78 255
    2022-04-01 $304,900 (15.1%) $450,280 (8.0%) 0.73 251
    2022-05-01 $317,450 (17.6%) $486,815 (12.3%) 0.73 336
    2022-06-01 $326,500 (21.4%) $483,176 (12.8%) 0.73 384
    2022-07-01 $339,900 (23.6%) $477,280 (16.1%) 0.77 466
    2022-08-01 $346,145 (27.4%) $478,012 (21.9%) 0.80 505
    2022-09-01 $339,675 (24.4%) $482,555 (20.1%) 0.79 503
    2022-10-01 $339,900 (25.9%) $477,715 (17.7%) 0.80 521
    2022-11-01 $342,295 (21.2%) $468,195 (14.8%) 0.82 575
    2022-12-01 $329,950 (18.9%) $466,335 (11.6%) 0.81 530
    2023-01-01 $343,923 (15.2%) $475,265 (8.4%) 0.85 484
    2023-02-01 $349,950 (18.8%) $480,648 (12.3%) 0.84 438
    2023-03-01 $349,900 (12.3%) $486,643 (12.5%) 0.83 441
    2023-04-01 $369,950 (21.3%) $509,614 (13.2%) 0.86 450
    2023-05-01 $376,495 (18.6%) $523,419 (7.5%) 0.85 490
    2023-06-01 $385,000 (17.9%) $524,668 (8.6%) 0.87 483
    2023-07-01 $374,450 (10.2%) $516,267 (8.2%) 0.85 498
    2023-08-01 $369,900 (6.9%) $505,866 (5.8%) 0.85 551
    2023-09-01 $360,000 (6.0%) $506,552 (5.0%) 0.84 589
    2023-10-01 $350,200 (3.0%) $507,904 (6.3%) 0.82 602
    2023-11-01 $349,000 (2.0%) $496,130 (6.0%) 0.83 647
    2023-12-01 $349,900 (6.1%) $501,225 (7.5%) 0.85 677
    2024-01-01 $349,900 (1.7%) $483,623 (1.8%) 0.85 633
    2024-02-01 $359,858 (2.8%) $497,539 (3.5%) 0.87 603
    2024-03-01 $359,950 (2.9%) $506,651 (4.1%) 0.85 638
    2024-04-01 $369,450 (-0.1%) $510,909 (0.3%) 0.86 675
    2024-05-01 $372,425 (-1.1%) $527,981 (0.9%) 0.85 708
    2024-06-01 $369,950 (-3.9%) $526,079 (0.3%) 0.84 738
    2024-07-01 $367,720 (-1.8%) $519,039 (0.5%) 0.84 802
    2024-08-01 $350,000 (-5.4%) $496,804 (-1.8%) 0.81 873
    2024-09-01 $349,000 (-3.1%) $493,119 (-2.7%) 0.82 924
    2024-10-01 $346,450 (-1.1%) $493,953 (-2.8%) 0.82 852
    2024-11-01 $349,000 (0.0%) $490,007 (-1.2%) 0.84 895
    2024-12-01 $344,450 (-1.6%) $472,889 (-5.7%) 0.86 881
    2025-01-01 $347,450 (-0.7%) $471,337 (-2.5%) 0.87 803
    2025-02-01 $349,950 (-2.8%) $479,655 (-3.6%) 0.85 827
    2025-03-01 $360,000 (0.0%) $497,207 (-1.9%) 0.85 837
    2025-04-01 $368,720 (-0.2%) $525,311 (2.8%) 0.86 899
    2025-05-01 $370,000 (-0.7%) $529,694 (0.3%) 0.84 979
    2025-06-01 $372,400 (0.7%) $528,694 (0.5%) 0.84 1,052
    Hickory's median listing price for 2025-06-01 was $372,400, a difference of $2,450 (0.7%) versus the prior year and $2,400 versus the prior month.

    Hickory's median listing price comes in at 84% of the national average.

    Hickory's average listing price for 2025-06-01 was $528,694, a difference of $2,615 (0.5%) versus the prior year and $-1,000 versus the prior month.

    For the 2025-06-01 period, Hickory had 1,052 MLS listings, a difference of 73 listings (7%) versus the prior month and 314 listings (43%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Hickory (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 104 days 2,089 sqft
    2018-02-01 86 days 2,077 sqft
    2018-03-01 73 days 2,127 sqft
    2018-04-01 63 days 2,160 sqft
    2018-05-01 61 days 2,192 sqft
    2018-06-01 64 days 2,113 sqft
    2018-07-01 65 days 2,091 sqft
    2018-08-01 67 days 2,103 sqft
    2018-09-01 73 days 2,032 sqft
    2018-10-01 81 days 2,086 sqft
    2018-11-01 88 days 2,072 sqft
    2018-12-01 95 days 2,058 sqft
    2019-01-01 96 days 2,072 sqft
    2019-02-01 92 days 2,018 sqft
    2019-03-01 80 days 2,127 sqft
    2019-04-01 72 days 2,212 sqft
    2019-05-01 65 days 2,282 sqft
    2019-06-01 63 days 2,345 sqft
    2019-07-01 64 days 2,289 sqft
    2019-08-01 62 days 2,254 sqft
    2019-09-01 65 days 2,235 sqft
    2019-10-01 66 days 2,185 sqft
    2019-11-01 65 days 2,123 sqft
    2019-12-01 74 days 2,117 sqft
    2020-01-01 85 days 2,112 sqft
    2020-02-01 73 days 2,071 sqft
    2020-03-01 55 days 2,041 sqft
    2020-04-01 54 days 2,038 sqft
    2020-05-01 60 days 2,062 sqft
    2020-06-01 60 days 2,097 sqft
    2020-07-01 52 days 2,195 sqft
    2020-08-01 44 days 2,208 sqft
    2020-09-01 37 days 2,110 sqft
    2020-10-01 43 days 2,224 sqft
    2020-11-01 44 days 2,190 sqft
    2020-12-01 50 days 2,080 sqft
    2021-01-01 58 days 1,961 sqft
    2021-02-01 48 days 1,923 sqft
    2021-03-01 41 days 1,894 sqft
    2021-04-01 36 days 1,921 sqft
    2021-05-01 30 days 1,872 sqft
    2021-06-01 29 days 1,815 sqft
    2021-07-01 29 days 1,870 sqft
    2021-08-01 33 days 1,902 sqft
    2021-09-01 39 days 1,895 sqft
    2021-10-01 37 days 1,828 sqft
    2021-11-01 40 days 1,902 sqft
    2021-12-01 43 days 1,809 sqft
    2022-01-01 46 days 1,906 sqft
    2022-02-01 34 days 1,875 sqft
    2022-03-01 27 days 1,902 sqft
    2022-04-01 26 days 1,806 sqft
    2022-05-01 27 days 1,794 sqft
    2022-06-01 34 days 1,900 sqft
    2022-07-01 32 days 1,920 sqft
    2022-08-01 41 days 1,967 sqft
    2022-09-01 43 days 1,955 sqft
    2022-10-01 47 days 1,965 sqft
    2022-11-01 47 days 1,986 sqft
    2022-12-01 57 days 1,918 sqft
    2023-01-01 71 days 1,911 sqft
    2023-02-01 69 days 1,881 sqft
    2023-03-01 43 days 1,879 sqft
    2023-04-01 44 days 1,998 sqft
    2023-05-01 40 days 2,038 sqft
    2023-06-01 44 days 2,034 sqft
    2023-07-01 43 days 1,980 sqft
    2023-08-01 41 days 1,974 sqft
    2023-09-01 44 days 1,930 sqft
    2023-10-01 46 days 1,819 sqft
    2023-11-01 47 days 1,809 sqft
    2023-12-01 52 days 1,884 sqft
    2024-01-01 61 days 1,903 sqft
    2024-02-01 60 days 1,899 sqft
    2024-03-01 45 days 1,831 sqft
    2024-04-01 43 days 1,890 sqft
    2024-05-01 40 days 1,917 sqft
    2024-06-01 44 days 1,902 sqft
    2024-07-01 44 days 1,898 sqft
    2024-08-01 49 days 1,826 sqft
    2024-09-01 52 days 1,825 sqft
    2024-10-01 62 days 1,788 sqft
    2024-11-01 66 days 1,764 sqft
    2024-12-01 71 days 1,741 sqft
    2025-01-01 76 days 1,754 sqft
    2025-02-01 71 days 1,767 sqft
    2025-03-01 54 days 1,773 sqft
    2025-04-01 53 days 1,845 sqft
    2025-05-01 51 days 1,883 sqft
    2025-06-01 55 days 1,881 sqft
    Hickory's median listing age (time on market) for 2025-06-01 was 55 days. This is 24% longer than the same period one year ago.

    Hickory's median square footage for active listings during the 2025-06-01 period was 1,881 sqft. One year prior, the average listing was 1,902 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).