Hilton Head Island FHA Loan Rates, Closing Costs & Stats
HILTON HEAD ISLAND-BLUFFTON, 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.
Hilton Head Island's 91 lenders originated 560 FHA loans during 2024. The total origination value was $185,280,000, with an average FHA loan value of $330,857.
Hilton Head Island FHA Loans, 30 Year Fixed Rates
30 Year FHA mortgages in Hilton Head Island
averaged
6.49%
for the week of 2025-04-04, compared to the national average (all FHA variants) of
6.259% for the same period.
Hilton Head Island's average FHA mortgage closing costs are $9,077.
The average rate for the prior week (2025-03-28) was
6.39% and
one month ago for the week of 2025-02-28, the
average rate was 6.68%.
The average rate one year ago was 6.7%.
For refis of the same type during the week of 2025-04-04, the average rate
was 5.96%.
Hilton Head Island 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 Hilton Head Island level.
The top Hilton Head Island FHA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with
49 FHA loans originated. Their average total fees are
$15,155, which is $6,069
higher than the next largest lender,
DHI MORTGAGE COMPANY, LTD..
The lowest fee Hilton Head Island FHA lenders (with over 10 loans originated) are
DHI MORTGAGE COMPANY, LTD. ($9,086), ARK-LA-TEX FINANCIAL SERVICES, LLC. ($11,374), PENNYMAC LOAN SERVICES, LLC ($11,426), Gateway First Bank ($12,202) and MOVEMENT MORTGAGE, LLC ($12,375).
The lowest rate Hilton Head Island FHA lenders (with over 10 loans originated) are
DHI MORTGAGE COMPANY, LTD. (5.27%), VANDERBILT MORTGAGE AND FINANCE, INC. (5.82%), JET HOMELOANS, LLC (5.88%), PENNYMAC LOAN SERVICES, LLC (5.97%) and EAGLE HOME MORTGAGE, LLC (6.10%).
Hilton Head Island FHA Loan Limits
Metro | County | Year | Single Family Limit | 2 Family Limit | 3 Family Limit | 4 Family Limit |
---|---|---|---|---|---|---|
HILTON HEAD ISLAND-BLUFFTON, SC | BEAUFORT | 2022 | $420,680 | $538,650 | $651,050 | $809,150 |
HILTON HEAD ISLAND-BLUFFTON, SC | JASPER | 2022 | $420,680 | $538,650 | $651,050 | $809,150 |
HILTON HEAD ISLAND-BLUFFTON, SC | BEAUFORT | 2023 | $485,300 | $621,250 | $750,950 | $933,300 |
HILTON HEAD ISLAND-BLUFFTON, SC | JASPER | 2023 | $485,300 | $621,250 | $750,950 | $933,300 |
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Hilton Head Island (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 | $399,000 (0.5%) | $582,890 (1.5%) | 1.48 | 2,619 |
2018-02-01 | $399,900 (0.2%) | $589,915 (2.6%) | 1.45 | 2,733 |
2018-03-01 | $413,433 (3.6%) | $604,551 (4.9%) | 1.45 | 2,799 |
2018-04-01 | $421,950 (5.8%) | $622,378 (6.4%) | 1.43 | 2,945 |
2018-05-01 | $419,000 (4.8%) | $627,059 (5.7%) | 1.40 | 2,956 |
2018-06-01 | $419,500 (2.6%) | $626,474 (3.7%) | 1.40 | 2,967 |
2018-07-01 | $424,019 (3.4%) | $626,343 (3.7%) | 1.42 | 2,927 |
2018-08-01 | $426,242 (4.1%) | $637,991 (6.7%) | 1.43 | 2,777 |
2018-09-01 | $419,000 (1.0%) | $625,990 (5.1%) | 1.41 | 2,908 |
2018-10-01 | $426,000 (3.0%) | $644,773 (9.0%) | 1.44 | 2,889 |
2018-11-01 | $425,000 (6.3%) | $643,945 (10.3%) | 1.44 | 2,918 |
2018-12-01 | $425,000 (6.5%) | $647,340 (11.1%) | 1.47 | 2,822 |
2019-01-01 | $425,000 (6.5%) | $642,125 (10.2%) | 1.47 | 2,805 |
2019-02-01 | $425,000 (6.3%) | $639,931 (8.5%) | 1.44 | 2,843 |
2019-03-01 | $424,243 (2.6%) | $643,930 (6.5%) | 1.39 | 2,925 |
2019-04-01 | $432,400 (2.5%) | $659,020 (5.9%) | 1.37 | 2,994 |
2019-05-01 | $439,450 (4.9%) | $671,827 (7.1%) | 1.37 | 2,989 |
2019-06-01 | $443,495 (5.7%) | $673,962 (7.6%) | 1.39 | 2,869 |
2019-07-01 | $435,000 (2.6%) | $657,348 (5.0%) | 1.36 | 2,858 |
2019-08-01 | $434,727 (2.0%) | $658,280 (3.2%) | 1.38 | 2,838 |
2019-09-01 | $434,318 (3.7%) | $659,134 (5.3%) | 1.39 | 2,780 |
2019-10-01 | $436,878 (2.6%) | $663,724 (2.9%) | 1.41 | 2,724 |
2019-11-01 | $435,000 (2.4%) | $669,793 (4.0%) | 1.43 | 2,681 |
2019-12-01 | $429,000 (0.9%) | $664,157 (2.6%) | 1.43 | 2,594 |
2020-01-01 | $425,000 (0.0%) | $653,388 (1.8%) | 1.42 | 2,491 |
2020-02-01 | $434,900 (2.3%) | $662,261 (3.5%) | 1.42 | 2,514 |
2020-03-01 | $435,000 (2.5%) | $667,773 (3.7%) | 1.36 | 2,581 |
2020-04-01 | $426,850 (-1.3%) | $656,980 (-0.3%) | 1.34 | 2,621 |
2020-05-01 | $425,000 (-3.3%) | $664,289 (-1.1%) | 1.29 | 2,555 |
2020-06-01 | $429,225 (-3.2%) | $681,711 (1.2%) | 1.26 | 2,241 |
2020-07-01 | $439,350 (1.0%) | $697,645 (6.1%) | 1.27 | 1,987 |
2020-08-01 | $434,000 (-0.2%) | $708,463 (7.6%) | 1.24 | 1,818 |
2020-09-01 | $415,875 (-4.3%) | $720,099 (9.3%) | 1.19 | 1,637 |
2020-10-01 | $400,000 (-8.4%) | $723,318 (9.0%) | 1.15 | 1,441 |
2020-11-01 | $412,000 (-5.3%) | $748,196 (11.7%) | 1.20 | 1,311 |
2020-12-01 | $415,125 (-3.2%) | $768,300 (15.7%) | 1.23 | 1,167 |
2021-01-01 | $440,949 (3.8%) | $792,938 (21.4%) | 1.32 | 973 |
2021-02-01 | $442,000 (1.6%) | $813,000 (22.8%) | 1.29 | 784 |
2021-03-01 | $455,000 (4.6%) | $809,143 (21.2%) | 1.29 | 692 |
2021-04-01 | $449,750 (5.4%) | $840,260 (27.9%) | 1.22 | 624 |
2021-05-01 | $473,500 (11.4%) | $821,439 (23.7%) | 1.26 | 586 |
2021-06-01 | $487,000 (13.5%) | $830,170 (21.8%) | 1.28 | 639 |
2021-07-01 | $499,000 (13.6%) | $832,961 (19.4%) | 1.32 | 686 |
2021-08-01 | $540,564 (24.6%) | $841,071 (18.7%) | 1.44 | 705 |
2021-09-01 | $512,500 (23.2%) | $824,698 (14.5%) | 1.37 | 721 |
2021-10-01 | $524,312 (31.1%) | $857,559 (18.6%) | 1.40 | 695 |
2021-11-01 | $524,700 (27.4%) | $853,248 (14.0%) | 1.40 | 597 |
2021-12-01 | $509,500 (22.7%) | $873,876 (13.7%) | 1.38 | 523 |
2022-01-01 | $499,900 (13.4%) | $882,812 (11.3%) | 1.35 | 419 |
2022-02-01 | $550,000 (24.4%) | $918,629 (13.0%) | 1.43 | 380 |
2022-03-01 | $579,950 (27.5%) | $977,672 (20.8%) | 1.45 | 370 |
2022-04-01 | $599,365 (33.3%) | $993,575 (18.3%) | 1.43 | 451 |
2022-05-01 | $650,000 (37.3%) | $1,078,437 (31.3%) | 1.49 | 604 |
2022-06-01 | $647,807 (33.0%) | $1,072,805 (29.2%) | 1.44 | 732 |
2022-07-01 | $625,000 (25.3%) | $1,030,953 (23.8%) | 1.41 | 876 |
2022-08-01 | $629,500 (16.5%) | $1,015,593 (20.8%) | 1.46 | 934 |
2022-09-01 | $642,450 (25.4%) | $1,027,206 (24.6%) | 1.50 | 935 |
2022-10-01 | $632,500 (20.6%) | $1,007,952 (17.5%) | 1.49 | 964 |
2022-11-01 | $627,408 (19.6%) | $1,008,415 (18.2%) | 1.51 | 1,047 |
2022-12-01 | $628,775 (23.4%) | $1,005,863 (15.1%) | 1.55 | 1,022 |
2023-01-01 | $624,450 (24.9%) | $996,950 (12.9%) | 1.55 | 961 |
2023-02-01 | $634,901 (15.4%) | $1,001,611 (9.0%) | 1.53 | 920 |
2023-03-01 | $649,375 (12.0%) | $1,045,973 (7.0%) | 1.53 | 885 |
2023-04-01 | $645,000 (7.6%) | $1,046,806 (5.4%) | 1.50 | 898 |
2023-05-01 | $648,875 (-0.2%) | $1,039,516 (-3.6%) | 1.47 | 889 |
2023-06-01 | $622,450 (-3.9%) | $991,419 (-7.6%) | 1.40 | 947 |
2023-07-01 | $620,000 (-0.8%) | $1,008,721 (-2.2%) | 1.41 | 1,015 |
2023-08-01 | $601,700 (-4.4%) | $1,000,390 (-1.5%) | 1.38 | 1,046 |
2023-09-01 | $599,450 (-6.7%) | $980,978 (-4.5%) | 1.40 | 1,133 |
2023-10-01 | $599,000 (-5.3%) | $1,009,050 (0.1%) | 1.41 | 1,254 |
2023-11-01 | $589,000 (-6.1%) | $991,231 (-1.7%) | 1.40 | 1,364 |
2023-12-01 | $571,090 (-9.2%) | $980,404 (-2.5%) | 1.39 | 1,332 |
2024-01-01 | $582,250 (-6.8%) | $1,010,012 (1.3%) | 1.42 | 1,303 |
2024-02-01 | $577,125 (-9.1%) | $1,029,274 (2.8%) | 1.39 | 1,308 |
2024-03-01 | $585,000 (-9.9%) | $1,034,775 (-1.1%) | 1.38 | 1,426 |
2024-04-01 | $599,000 (-7.1%) | $1,026,338 (-2.0%) | 1.39 | 1,505 |
2024-05-01 | $577,000 (-11.1%) | $1,015,403 (-2.3%) | 1.31 | 1,552 |
2024-06-01 | $589,000 (-5.4%) | $992,451 (0.1%) | 1.34 | 1,553 |
2024-07-01 | $575,000 (-7.3%) | $966,122 (-4.2%) | 1.32 | 1,562 |
2024-08-01 | $569,000 (-5.4%) | $916,731 (-8.4%) | 1.32 | 1,617 |
2024-09-01 | $571,500 (-4.7%) | $918,722 (-6.4%) | 1.34 | 1,645 |
2024-10-01 | $569,000 (-5.0%) | $910,665 (-9.8%) | 1.34 | 1,743 |
2024-11-01 | $569,000 (-3.4%) | $914,345 (-7.8%) | 1.37 | 1,821 |
2024-12-01 | $569,000 (-0.4%) | $930,029 (-5.1%) | 1.41 | 1,722 |
2025-01-01 | $569,225 (-2.2%) | $936,163 (-7.3%) | 1.42 | 1,666 |
2025-02-01 | $549,000 (-4.9%) | $893,840 (-13.2%) | 1.33 | 1,823 |
2025-03-01 | $559,700 (-4.3%) | $934,561 (-9.7%) | 0.00 | 1,875 |
Hilton Head Island's median listing price comes in at 0% of the national average.
Hilton Head Island's average listing price for 2025-03-01 was $934,561, a difference of $-100,214 (-9.7%) versus the prior year and $40,721 versus the prior month.
For the 2025-03-01 period, Hilton Head Island had 1,875 MLS listings, a difference of 52 listings (3%) versus the prior month and 449 listings (31%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Hilton Head Island (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 103 days | 2,151 sqft |
2018-02-01 | 102 days | 2,174 sqft |
2018-03-01 | 78 days | 2,161 sqft |
2018-04-01 | 68 days | 2,146 sqft |
2018-05-01 | 74 days | 2,142 sqft |
2018-06-01 | 78 days | 2,126 sqft |
2018-07-01 | 85 days | 2,116 sqft |
2018-08-01 | 89 days | 2,155 sqft |
2018-09-01 | 94 days | 2,125 sqft |
2018-10-01 | 92 days | 2,168 sqft |
2018-11-01 | 88 days | 2,155 sqft |
2018-12-01 | 93 days | 2,161 sqft |
2019-01-01 | 101 days | 2,141 sqft |
2019-02-01 | 103 days | 2,139 sqft |
2019-03-01 | 95 days | 2,150 sqft |
2019-04-01 | 85 days | 2,167 sqft |
2019-05-01 | 91 days | 2,188 sqft |
2019-06-01 | 94 days | 2,212 sqft |
2019-07-01 | 103 days | 2,175 sqft |
2019-08-01 | 106 days | 2,176 sqft |
2019-09-01 | 112 days | 2,175 sqft |
2019-10-01 | 107 days | 2,185 sqft |
2019-11-01 | 98 days | 2,200 sqft |
2019-12-01 | 97 days | 2,187 sqft |
2020-01-01 | 102 days | 2,161 sqft |
2020-02-01 | 104 days | 2,174 sqft |
2020-03-01 | 83 days | 2,201 sqft |
2020-04-01 | 81 days | 2,160 sqft |
2020-05-01 | 89 days | 2,131 sqft |
2020-06-01 | 98 days | 2,144 sqft |
2020-07-01 | 94 days | 2,189 sqft |
2020-08-01 | 71 days | 2,186 sqft |
2020-09-01 | 67 days | 2,142 sqft |
2020-10-01 | 65 days | 2,135 sqft |
2020-11-01 | 66 days | 2,122 sqft |
2020-12-01 | 74 days | 2,135 sqft |
2021-01-01 | 79 days | 2,118 sqft |
2021-02-01 | 67 days | 2,038 sqft |
2021-03-01 | 52 days | 2,092 sqft |
2021-04-01 | 44 days | 2,067 sqft |
2021-05-01 | 43 days | 2,032 sqft |
2021-06-01 | 38 days | 1,960 sqft |
2021-07-01 | 46 days | 1,985 sqft |
2021-08-01 | 50 days | 2,026 sqft |
2021-09-01 | 49 days | 1,973 sqft |
2021-10-01 | 57 days | 2,026 sqft |
2021-11-01 | 59 days | 1,966 sqft |
2021-12-01 | 64 days | 1,983 sqft |
2022-01-01 | 74 days | 1,989 sqft |
2022-02-01 | 46 days | 2,020 sqft |
2022-03-01 | 33 days | 2,083 sqft |
2022-04-01 | 31 days | 2,094 sqft |
2022-05-01 | 32 days | 2,169 sqft |
2022-06-01 | 33 days | 2,121 sqft |
2022-07-01 | 41 days | 2,064 sqft |
2022-08-01 | 50 days | 2,093 sqft |
2022-09-01 | 56 days | 2,096 sqft |
2022-10-01 | 60 days | 2,145 sqft |
2022-11-01 | 58 days | 2,120 sqft |
2022-12-01 | 65 days | 2,115 sqft |
2023-01-01 | 75 days | 2,118 sqft |
2023-02-01 | 72 days | 2,162 sqft |
2023-03-01 | 56 days | 2,227 sqft |
2023-04-01 | 52 days | 2,186 sqft |
2023-05-01 | 50 days | 2,134 sqft |
2023-06-01 | 52 days | 2,091 sqft |
2023-07-01 | 52 days | 2,031 sqft |
2023-08-01 | 53 days | 1,986 sqft |
2023-09-01 | 56 days | 1,972 sqft |
2023-10-01 | 53 days | 1,991 sqft |
2023-11-01 | 56 days | 1,980 sqft |
2023-12-01 | 66 days | 1,979 sqft |
2024-01-01 | 79 days | 2,000 sqft |
2024-02-01 | 70 days | 1,964 sqft |
2024-03-01 | 51 days | 1,992 sqft |
2024-04-01 | 51 days | 1,986 sqft |
2024-05-01 | 52 days | 1,950 sqft |
2024-06-01 | 61 days | 1,949 sqft |
2024-07-01 | 71 days | 1,941 sqft |
2024-08-01 | 73 days | 1,906 sqft |
2024-09-01 | 72 days | 1,921 sqft |
2024-10-01 | 71 days | 1,928 sqft |
2024-11-01 | 70 days | 1,918 sqft |
2024-12-01 | 79 days | 1,931 sqft |
2025-01-01 | 86 days | 1,953 sqft |
2025-02-01 | 83 days | 1,857 sqft |
2025-03-01 | 0 days | 1,904 sqft |
Hilton Head Island's median square footage for active listings during the 2025-03-01 period was 1,904 sqft. One year prior, the average listing was 1,992 sqft.