Kill Devil Hills FHA Loan Rates, Closing Costs & Stats
Kill Devil Hills, NC
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.
Kill Devil Hills's 23 lenders originated 44 FHA loans during 2023. The total origination value was $15,340,000, with an average FHA loan value of $348,636.
Kill Devil Hills FHA Loans, 30 Year Fixed Rates
30 Year FHA mortgages in Kill Devil Hills
averaged
0.02%
for the week of 2024-11-29, compared to the national average (all FHA variants) of
0% for the same period.
Kill Devil Hills's average FHA mortgage closing costs are $8,884.
The average rate for the prior week (2024-11-22) was
6.81% and
one month ago for the week of 2024-10-25, the
average rate was 6.39%.
The average rate one year ago was 7.38%.
For refis of the same type during the week of 2024-11-29, the average rate
was 0.1%.
Kill Devil Hills 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 Kill Devil Hills level.
Name | # of Loans | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
---|---|---|---|
QUICKEN LOANS, LLC | 9 | 6.29% | $14,828 |
MOVEMENT MORTGAGE, LLC | 3 | 7.08% | $14,520 |
GUARANTEED RATE, INC. | 3 | 6.75% | $11,459 |
Towne Bank | 2 | 7.06% | $14,108 |
Renasant Bank | 2 | 6.88% | $11,266 |
UNITED WHOLESALE MORTGAGE, LLC | 2 | 6.45% | $17,658 |
SOUTHERN TRUST MORTGAGE, LLC | 2 | 6.88% | $9,718 |
NEWREZ LLC | 2 | 6.75% | $10,239 |
LOANDEPOT.COM, LLC | 1 | 5.50% | $13,407 |
AMERISAVE MORTGAGE CORPORATION | 1 | 6.75% | $15,067 |
NBKC BANK | 1 | 5.63% | $12,680 |
Strong Home Mortgage, LLC | 1 | 5.25% | $11,672 |
Tidewater Home Funding, LLC | 1 | 6.75% | $11,346 |
TOP FLITE FINANCIAL, INC. | 1 | 6.75% | $10,312 |
UNION HOME MORTGAGE CORP. | 1 | 6.13% | $15,179 |
MUTUAL OF OMAHA MORTGAGE, INC. | 1 | 6.13% | $14,652 |
ATLANTIC BAY MORTGAGE GROUP, L.L.C. | 1 | 7.13% | $13,152 |
Atlantic Coast Mortgage, LLC | 1 | 5.75% | $15,987 |
CHURCHILL MORTGAGE CORPORATION | 1 | 6.25% | $10,244 |
Citizens Bank | 1 | 6.50% | $10,502 |
Encompass Lending Group, LP | 1 | 7.99% | $19,329 |
Flagstar Bank, FSB | 1 | 6.25% | $12,724 |
FREEDOM MORTGAGE CORPORATION | 1 | 6.25% | $14,775 |
The top Kill Devil Hills FHA lender as defined by loan originations is QUICKEN LOANS, LLC, with
9 FHA loans originated. Their average total fees are
$14,828, which is $308
higher than the next largest lender,
MOVEMENT MORTGAGE, LLC.
The lowest fee Kill Devil Hills FHA lenders (with over 10 loans originated) are
.
The lowest rate Kill Devil Hills FHA lenders (with over 10 loans originated) are
.
Kill Devil Hills FHA Loan Limits
Metro | County | Year | Single Family Limit | 2 Family Limit | 3 Family Limit | 4 Family Limit |
---|---|---|---|---|---|---|
KILL DEVIL HILLS, NC | DARE | 2022 | $471,500 | $603,600 | $729,600 | $906,750 |
KILL DEVIL HILLS, NC | DARE | 2023 | $603,750 | $772,900 | $934,250 | $1,161,050 |
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Kill Devil Hills (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 | $442,838 (4.2%) | $586,173 (2.7%) | 0.00 | 908 |
2018-02-01 | $446,725 (3.8%) | $584,989 (1.5%) | 0.00 | 938 |
2018-03-01 | $449,900 (4.9%) | $587,721 (2.3%) | 0.00 | 997 |
2018-04-01 | $457,500 (6.2%) | $587,349 (2.9%) | 0.00 | 996 |
2018-05-01 | $454,950 (2.8%) | $580,845 (0.2%) | 0.00 | 1,009 |
2018-06-01 | $439,000 (0.0%) | $564,970 (-1.5%) | 0.00 | 1,008 |
2018-07-01 | $434,800 (-1.1%) | $561,225 (-2.3%) | 0.00 | 983 |
2018-08-01 | $432,175 (-1.6%) | $560,136 (-4.0%) | 0.00 | 996 |
2018-09-01 | $434,900 (-0.9%) | $561,858 (-4.9%) | 0.00 | 1,015 |
2018-10-01 | $434,800 (-2.2%) | $564,515 (-5.6%) | 0.00 | 1,021 |
2018-11-01 | $424,850 (-5.4%) | $568,477 (-4.1%) | 0.00 | 1,025 |
2018-12-01 | $419,000 (-6.4%) | $564,563 (-3.5%) | 0.00 | 1,002 |
2019-01-01 | $425,000 (-4.0%) | $560,243 (-4.4%) | 0.00 | 978 |
2019-02-01 | $429,500 (-3.9%) | $561,468 (-4.0%) | 0.00 | 1,009 |
2019-03-01 | $439,557 (-2.3%) | $567,514 (-3.4%) | 0.00 | 1,073 |
2019-04-01 | $445,332 (-2.7%) | $573,041 (-2.4%) | 0.00 | 1,115 |
2019-05-01 | $445,350 (-2.1%) | $569,775 (-1.9%) | 0.00 | 1,103 |
2019-06-01 | $449,000 (2.3%) | $572,260 (1.3%) | 0.00 | 1,052 |
2019-07-01 | $450,000 (3.5%) | $568,801 (1.4%) | 0.00 | 988 |
2019-08-01 | $456,091 (5.5%) | $564,771 (0.8%) | 0.00 | 963 |
2019-09-01 | $457,727 (5.3%) | $560,113 (-0.3%) | 0.00 | 952 |
2019-10-01 | $462,000 (6.3%) | $559,968 (-0.8%) | 0.00 | 930 |
2019-11-01 | $464,000 (9.2%) | $566,443 (-0.4%) | 0.00 | 905 |
2019-12-01 | $464,950 (11.0%) | $571,048 (1.2%) | 0.00 | 873 |
2020-01-01 | $469,950 (10.6%) | $563,271 (0.5%) | 0.00 | 814 |
2020-02-01 | $464,950 (8.3%) | $558,222 (-0.6%) | 0.00 | 816 |
2020-03-01 | $477,250 (8.6%) | $572,276 (0.8%) | 0.00 | 844 |
2020-04-01 | $478,750 (7.5%) | $564,456 (-1.5%) | 0.00 | 832 |
2020-05-01 | $479,000 (7.6%) | $575,358 (1.0%) | 0.00 | 811 |
2020-06-01 | $499,700 (11.3%) | $608,218 (6.3%) | 0.00 | 687 |
2020-07-01 | $499,000 (10.9%) | $623,035 (9.5%) | 0.00 | 605 |
2020-08-01 | $524,900 (15.1%) | $645,432 (14.3%) | 0.00 | 528 |
2020-09-01 | $539,000 (17.8%) | $679,102 (21.2%) | 0.00 | 477 |
2020-10-01 | $535,000 (15.8%) | $690,635 (23.3%) | 0.00 | 469 |
2020-11-01 | $537,500 (15.8%) | $698,620 (23.3%) | 0.00 | 452 |
2020-12-01 | $525,000 (12.9%) | $697,598 (22.2%) | 0.00 | 409 |
2021-01-01 | $549,000 (16.8%) | $714,896 (26.9%) | 0.00 | 367 |
2021-02-01 | $537,500 (15.6%) | $746,541 (33.7%) | 0.00 | 289 |
2021-03-01 | $536,000 (12.3%) | $764,205 (33.5%) | 0.00 | 253 |
2021-04-01 | $587,475 (22.7%) | $814,014 (44.2%) | 0.00 | 265 |
2021-05-01 | $599,900 (25.2%) | $849,378 (47.6%) | 0.00 | 247 |
2021-06-01 | $642,225 (28.5%) | $899,057 (47.8%) | 0.00 | 266 |
2021-07-01 | $648,110 (29.9%) | $871,740 (39.9%) | 0.00 | 289 |
2021-08-01 | $639,055 (21.8%) | $830,182 (28.6%) | 0.00 | 329 |
2021-09-01 | $620,750 (15.2%) | $811,532 (19.5%) | 0.00 | 311 |
2021-10-01 | $606,000 (13.3%) | $830,365 (20.2%) | 0.00 | 278 |
2021-11-01 | $646,750 (20.3%) | $914,226 (30.9%) | 0.00 | 256 |
2021-12-01 | $659,975 (25.7%) | $966,506 (38.6%) | 0.00 | 227 |
2022-01-01 | $699,000 (27.3%) | $1,069,936 (49.7%) | 0.00 | 199 |
2022-02-01 | $662,000 (23.2%) | $943,788 (26.4%) | 0.00 | 165 |
2022-03-01 | $720,950 (34.5%) | $983,344 (28.7%) | 0.00 | 164 |
2022-04-01 | $725,000 (23.4%) | $965,878 (18.7%) | 0.00 | 179 |
2022-05-01 | $739,450 (23.3%) | $989,447 (16.5%) | 0.00 | 232 |
2022-06-01 | $699,000 (8.8%) | $954,000 (6.1%) | 0.00 | 290 |
2022-07-01 | $695,000 (7.2%) | $962,004 (10.4%) | 0.00 | 343 |
2022-08-01 | $676,200 (5.8%) | $943,060 (13.6%) | 0.00 | 351 |
2022-09-01 | $686,326 (10.6%) | $931,478 (14.8%) | 0.00 | 324 |
2022-10-01 | $672,500 (11.0%) | $921,895 (11.0%) | 0.00 | 316 |
2022-11-01 | $672,259 (3.9%) | $925,944 (1.3%) | 0.00 | 321 |
2022-12-01 | $629,950 (-4.6%) | $860,883 (-10.9%) | 0.00 | 325 |
2023-01-01 | $672,009 (-3.9%) | $872,207 (-18.5%) | 0.00 | 280 |
2023-02-01 | $649,700 (-1.9%) | $899,128 (-4.7%) | 0.00 | 249 |
2023-03-01 | $671,008 (-6.9%) | $939,838 (-4.4%) | 0.00 | 241 |
2023-04-01 | $670,000 (-7.6%) | $940,727 (-2.6%) | 0.00 | 238 |
2023-05-01 | $687,000 (-7.1%) | $999,619 (1.0%) | 0.00 | 238 |
2023-06-01 | $714,450 (2.2%) | $1,045,309 (9.6%) | 0.00 | 243 |
2023-07-01 | $692,450 (-0.4%) | $996,747 (3.6%) | 0.00 | 261 |
2023-08-01 | $686,875 (1.6%) | $965,771 (2.4%) | 0.00 | 288 |
2023-09-01 | $699,950 (2.0%) | $961,152 (3.2%) | 0.00 | 327 |
2023-10-01 | $699,225 (4.0%) | $941,253 (2.1%) | 0.00 | 331 |
2023-11-01 | $722,625 (7.5%) | $934,760 (1.0%) | 0.00 | 368 |
2023-12-01 | $749,000 (18.9%) | $955,608 (11.0%) | 0.00 | 353 |
2024-01-01 | $709,750 (5.6%) | $950,830 (9.0%) | 0.00 | 332 |
2024-02-01 | $699,450 (7.7%) | $941,400 (4.7%) | 0.00 | 335 |
2024-03-01 | $699,000 (4.2%) | $948,392 (0.9%) | 0.00 | 350 |
2024-04-01 | $724,975 (8.2%) | $963,763 (2.5%) | 0.00 | 371 |
2024-05-01 | $725,000 (5.5%) | $1,006,451 (0.7%) | 0.00 | 422 |
2024-06-01 | $699,900 (-2.0%) | $970,370 (-7.2%) | 0.00 | 435 |
2024-07-01 | $712,450 (2.9%) | $941,330 (-5.6%) | 0.00 | 445 |
2024-08-01 | $717,000 (4.4%) | $910,473 (-5.7%) | 0.00 | 470 |
2024-09-01 | $725,000 (3.6%) | $925,281 (-3.7%) | 0.00 | 480 |
2024-10-01 | $718,725 (2.8%) | $936,048 (-0.6%) | 0.00 | 478 |
Kill Devil Hills's median listing price comes in at 0% of the national average.
Kill Devil Hills's average listing price for 2024-10-01 was $936,048, a difference of $-5,205 (-0.6%) versus the prior year and $10,767 versus the prior month.
For the 2024-10-01 period, Kill Devil Hills had 478 MLS listings, a difference of -2 listings (0%) versus the prior month and 147 listings (44%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Kill Devil Hills (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 2,146 sqft |
2018-02-01 | 0 days | 2,152 sqft |
2018-03-01 | 0 days | 2,182 sqft |
2018-04-01 | 0 days | 2,202 sqft |
2018-05-01 | 0 days | 2,191 sqft |
2018-06-01 | 0 days | 2,119 sqft |
2018-07-01 | 0 days | 2,100 sqft |
2018-08-01 | 0 days | 2,126 sqft |
2018-09-01 | 0 days | 2,125 sqft |
2018-10-01 | 0 days | 2,092 sqft |
2018-11-01 | 0 days | 2,056 sqft |
2018-12-01 | 0 days | 2,019 sqft |
2019-01-01 | 0 days | 2,022 sqft |
2019-02-01 | 0 days | 2,022 sqft |
2019-03-01 | 0 days | 2,045 sqft |
2019-04-01 | 0 days | 2,061 sqft |
2019-05-01 | 0 days | 2,048 sqft |
2019-06-01 | 0 days | 2,029 sqft |
2019-07-01 | 0 days | 2,039 sqft |
2019-08-01 | 0 days | 2,049 sqft |
2019-09-01 | 0 days | 2,078 sqft |
2019-10-01 | 0 days | 2,123 sqft |
2019-11-01 | 0 days | 2,144 sqft |
2019-12-01 | 0 days | 2,125 sqft |
2020-01-01 | 0 days | 2,139 sqft |
2020-02-01 | 0 days | 2,133 sqft |
2020-03-01 | 0 days | 2,187 sqft |
2020-04-01 | 0 days | 2,181 sqft |
2020-05-01 | 0 days | 2,171 sqft |
2020-06-01 | 0 days | 2,294 sqft |
2020-07-01 | 0 days | 2,286 sqft |
2020-08-01 | 0 days | 2,321 sqft |
2020-09-01 | 0 days | 2,337 sqft |
2020-10-01 | 0 days | 2,210 sqft |
2020-11-01 | 0 days | 2,241 sqft |
2020-12-01 | 0 days | 2,199 sqft |
2021-01-01 | 0 days | 2,261 sqft |
2021-02-01 | 0 days | 2,318 sqft |
2021-03-01 | 0 days | 2,250 sqft |
2021-04-01 | 0 days | 2,273 sqft |
2021-05-01 | 0 days | 2,200 sqft |
2021-06-01 | 0 days | 2,191 sqft |
2021-07-01 | 0 days | 2,168 sqft |
2021-08-01 | 0 days | 2,075 sqft |
2021-09-01 | 0 days | 2,006 sqft |
2021-10-01 | 0 days | 2,002 sqft |
2021-11-01 | 0 days | 2,110 sqft |
2021-12-01 | 0 days | 2,105 sqft |
2022-01-01 | 0 days | 2,292 sqft |
2022-02-01 | 0 days | 2,085 sqft |
2022-03-01 | 0 days | 2,272 sqft |
2022-04-01 | 0 days | 2,267 sqft |
2022-05-01 | 0 days | 2,206 sqft |
2022-06-01 | 0 days | 2,052 sqft |
2022-07-01 | 0 days | 2,067 sqft |
2022-08-01 | 0 days | 2,005 sqft |
2022-09-01 | 0 days | 1,985 sqft |
2022-10-01 | 0 days | 1,990 sqft |
2022-11-01 | 0 days | 1,951 sqft |
2022-12-01 | 0 days | 1,880 sqft |
2023-01-01 | 0 days | 1,988 sqft |
2023-02-01 | 0 days | 2,024 sqft |
2023-03-01 | 0 days | 2,112 sqft |
2023-04-01 | 0 days | 2,112 sqft |
2023-05-01 | 0 days | 2,156 sqft |
2023-06-01 | 0 days | 2,164 sqft |
2023-07-01 | 0 days | 2,109 sqft |
2023-08-01 | 0 days | 2,069 sqft |
2023-09-01 | 0 days | 2,063 sqft |
2023-10-01 | 0 days | 2,086 sqft |
2023-11-01 | 0 days | 2,069 sqft |
2023-12-01 | 0 days | 2,020 sqft |
2024-01-01 | 0 days | 1,954 sqft |
2024-02-01 | 0 days | 1,940 sqft |
2024-03-01 | 0 days | 1,898 sqft |
2024-04-01 | 0 days | 1,934 sqft |
2024-05-01 | 0 days | 1,936 sqft |
2024-06-01 | 0 days | 1,909 sqft |
2024-07-01 | 0 days | 1,944 sqft |
2024-08-01 | 0 days | 1,939 sqft |
2024-09-01 | 0 days | 1,959 sqft |
2024-10-01 | 0 days | 1,946 sqft |
Kill Devil Hills's median square footage for active listings during the 2024-10-01 period was 1,946 sqft. One year prior, the average listing was 2,086 sqft.