Lumberton FHA Loan Rates, Closing Costs & Stats

Lumberton, 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.

Lumberton's 64 lenders originated 241 FHA loans during 2024. The total origination value was $45,875,000, with an average FHA loan value of $190,353.

Lumberton FHA Loans, 30 Year Fixed Rates

30 Year FHA mortgages in Lumberton averaged 6.77% for the week of 2025-04-04, compared to the national average (all FHA variants) of 6.259% for the same period.

Lumberton's average FHA mortgage closing costs are $7,457.

The average rate for the prior week (2025-03-28) was 6.76% and one month ago for the week of 2025-02-28, the average rate was 6.75%.

The average rate one year ago was 6.67%.

For refis of the same type during the week of 2025-04-04, the average rate was 6.08%.

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

Lumberton 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 Lumberton level.

Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
QUICKEN LOANS, LLC 28 6.62% $8,392
SeaTrust Mortgage Company 15 6.70% $9,411
BROKER SOLUTIONS, INC. 10 7.25% $9,115
CMG MORTGAGE, INC. 10 7.15% $9,147
MOVEMENT MORTGAGE, LLC 9 6.54% $8,742
UNION HOME MORTGAGE CORP. 8 6.55% $11,140
CARDINAL FINANCIAL 7 6.52% $15,570
UNITED WHOLESALE MORTGAGE, LLC 7 6.41% $12,968
Alcova Mortgage LLC 5 6.70% $6,210
ATLANTIC BAY MORTGAGE GROUP, L.L.C. 5 6.50% $9,763
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 5 7.23% $6,835
INTERCOASTAL MORTGAGE COMPANY 5 6.05% $8,413
LOANDEPOT.COM, LLC 4 7.09% $8,722
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 4 6.63% $11,094
FREEDOM MORTGAGE CORPORATION 4 6.34% $4,574
CROSSCOUNTRY MORTGAGE, LLC 4 6.45% $17,826
CORNERSTONE HOME LENDING, INC. 4 6.75% $9,382
EMM LOANS LLC 4 5.97% $11,534
PENNYMAC LOAN SERVICES, LLC 3 6.58% $7,882
Blue Ridge Bank 3 6.38% $7,719
MID AMERICA MORTGAGE, INC. 3 7.17% $4,110
VILLAGE CAPITAL MORTGAGE 3 5.92% $5,615
GUILD MORTGAGE COMPANY 2 6.38% $9,994
American Security Mortgage Corp. 2 6.38% $8,660
Truist 2 6.65% $5,817
Carrington Mortgage Services, LLC 2 6.13% $9,463
AMERISAVE MORTGAGE CORPORATION 2 6.25% $7,883
PLANET HOME LENDING, LLC 2 6.38% $4,935
ZILLOW HOME LOANS, LLC 2 6.44% $7,170
HOMESPIRE MORTGAGE CORPORATION 2 6.75% $7,501
Integrity Home Mortgage Corp 2 6.50% $9,098
AMERICAN FINANCIAL RESOURCES, INC. 2 5.75% $21,266
OCEANSIDE MORTGAGE COMPANY 2 6.62% $2,904
SUN WEST MORTGAGE COMPANY, INC. 2 6.31% $10,406
GUARANTEED RATE, INC. 2 7.31% $9,167
NFM, INC. 1 7.63% $9,049
AMERICAN PACIFIC MORTGAGE CORPORATION 1 5.99% $12,180
BANKSOUTH MORTGAGE COMPANY, LLC 1 6.63% $5,667
CALCON MUTUAL MORTGAGE LLC 1 6.63% $12,672
Chickasaw Community Bank 1 6.63% $6,954
CityWorth Mortgage LLC 1 7.13% $13,352
Equity Prime Mortgage LLC 1 7.75% $11,410
EVERETT FINANCIAL, INC. 1 6.63% $21,270
FLAT BRANCH MORTGAGE, INC. 1 6.13% $11,192
GoPrime Mortgage, Inc. 1 6.63% $8,722
Home Mortgage Alliance Corp 1 7.25% $13,598
LEADERONE FINANCIAL CORPORATION 1 7.75% $7,242
Mortgage Research Center, LLC 1 6.75% $5,888
Mr. Cooper ( Nationstar Mortgage ) 1 6.63% $9,413
MUTUAL OF OMAHA MORTGAGE, INC. 1 6.13% $12,095
NEWREZ LLC 1 6.25% $8,255
1ST SIGNATURE LENDING, LLC 1 6.38% $14,948
Paramount Residential Mortgage Group, Inc. 1 7.13% $12,334
PENTAGON FEDERAL CREDIT UNION 1 6.63% $3,840
PNC Bank 1 6.88% $11,269
PREMIER LENDING, INC. 1 6.63% $12,152
PRIMARY RESIDENTIAL MORTGAGE, INC. 1 6.13% $10,210
Princeton Mortgage Corporation 1 6.75% $13,045
RAPID MORTGAGE COMPANY 1 7.00% $6,816
SOUTHERN TRUST MORTGAGE, LLC 1 5.63% $12,974
South State Bank 1 6.75% $4,060
T2 FINANCIAL LLC 1 6.75% $17,005
The Fidelity Bank 1 6.75% $12,583
TIDEWATER MORTGAGE SERVICES, INC. 1 6.25% $10,256

The top Lumberton FHA lender as defined by loan originations is QUICKEN LOANS, LLC, with 28 FHA loans originated. Their average total fees are $8,392, which is $1,019 lower than the next largest lender, SeaTrust Mortgage Company.

The lowest fee Lumberton FHA lenders (with over 10 loans originated) are QUICKEN LOANS, LLC ($8,392), BROKER SOLUTIONS, INC. ($9,115), CMG MORTGAGE, INC. ($9,147), SeaTrust Mortgage Company ($9,411) and .

The lowest rate Lumberton FHA lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (6.62%), SeaTrust Mortgage Company (6.70%), CMG MORTGAGE, INC. (7.15%), BROKER SOLUTIONS, INC. (7.25%) and .

Lumberton FHA Loan Limits

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

Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Lumberton (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 $119,900 (9.3%) $143,934 (-0.8%) 0.00 212
2018-02-01 $111,175 (-4.2%) $144,463 (-1.2%) 0.00 217
2018-03-01 $114,900 (-7.2%) $147,811 (0.1%) 0.00 214
2018-04-01 $117,450 (-6.0%) $145,620 (-5.2%) 0.00 214
2018-05-01 $115,975 (-3.3%) $148,373 (-2.0%) 0.00 236
2018-06-01 $118,000 (-3.7%) $148,892 (-1.2%) 0.00 249
2018-07-01 $110,500 (-13.7%) $146,291 (-5.1%) 0.00 239
2018-08-01 $119,900 (-4.1%) $156,741 (3.7%) 0.00 239
2018-09-01 $115,000 (-10.0%) $155,976 (4.3%) 0.00 233
2018-10-01 $120,100 (-7.2%) $163,259 (9.2%) 0.00 226
2018-11-01 $123,500 (-0.7%) $161,300 (7.7%) 0.00 223
2018-12-01 $119,900 (0.0%) $158,122 (8.1%) 0.00 218
2019-01-01 $116,700 (-2.7%) $156,807 (8.9%) 0.00 218
2019-02-01 $114,950 (3.4%) $151,872 (5.1%) 0.00 218
2019-03-01 $115,300 (0.4%) $152,465 (3.2%) 0.00 214
2019-04-01 $115,775 (-1.4%) $157,300 (8.0%) 0.00 210
2019-05-01 $119,200 (2.8%) $161,038 (8.5%) 0.00 220
2019-06-01 $120,000 (1.7%) $154,354 (3.7%) 0.00 219
2019-07-01 $121,700 (10.1%) $159,605 (9.1%) 0.00 230
2019-08-01 $125,000 (4.3%) $158,167 (0.9%) 0.00 227
2019-09-01 $125,000 (8.7%) $155,479 (-0.3%) 0.00 221
2019-10-01 $125,000 (4.1%) $154,853 (-5.2%) 0.00 215
2019-11-01 $124,250 (0.6%) $155,360 (-3.7%) 0.00 195
2019-12-01 $119,975 (0.1%) $150,150 (-5.0%) 0.00 199
2020-01-01 $119,950 (2.8%) $150,183 (-4.2%) 0.00 184
2020-02-01 $110,000 (-4.3%) $144,929 (-4.6%) 0.00 182
2020-03-01 $115,450 (0.1%) $149,376 (-2.0%) 0.00 181
2020-04-01 $120,000 (3.7%) $155,270 (-1.3%) 0.00 164
2020-05-01 $123,250 (3.4%) $158,051 (-1.9%) 0.00 141
2020-06-01 $115,000 (-4.2%) $168,124 (8.9%) 0.00 135
2020-07-01 $136,700 (12.3%) $181,180 (13.5%) 0.00 131
2020-08-01 $147,000 (17.6%) $189,516 (19.8%) 0.00 111
2020-09-01 $148,450 (18.8%) $186,018 (19.6%) 0.00 98
2020-10-01 $144,900 (15.9%) $182,204 (17.7%) 0.00 95
2020-11-01 $142,450 (14.7%) $192,448 (23.9%) 0.00 84
2020-12-01 $148,313 (23.6%) $206,536 (37.6%) 0.00 87
2021-01-01 $164,500 (37.1%) $225,639 (50.2%) 0.00 82
2021-02-01 $147,225 (33.8%) $208,132 (43.6%) 0.00 84
2021-03-01 $139,250 (20.6%) $199,382 (33.5%) 0.00 71
2021-04-01 $130,718 (8.9%) $206,103 (32.7%) 0.00 59
2021-05-01 $163,750 (32.9%) $231,337 (46.4%) 0.00 65
2021-06-01 $171,250 (48.9%) $232,107 (38.1%) 0.00 67
2021-07-01 $169,900 (24.3%) $240,175 (32.6%) 0.00 68
2021-08-01 $175,000 (19.1%) $230,936 (21.9%) 0.00 71
2021-09-01 $170,000 (14.5%) $223,764 (20.3%) 0.00 77
2021-10-01 $160,000 (10.4%) $202,252 (11.0%) 0.00 72
2021-11-01 $169,950 (19.3%) $204,222 (6.1%) 0.00 70
2021-12-01 $175,000 (18.0%) $211,230 (2.3%) 0.00 64
2022-01-01 $175,000 (6.4%) $205,826 (-8.8%) 0.00 52
2022-02-01 $192,750 (30.9%) $199,494 (-4.2%) 0.00 59
2022-03-01 $180,000 (29.3%) $195,014 (-2.2%) 0.00 54
2022-04-01 $207,500 (58.7%) $223,519 (8.5%) 0.00 51
2022-05-01 $218,000 (33.1%) $231,541 (0.1%) 0.00 60
2022-06-01 $193,950 (13.3%) $223,129 (-3.9%) 0.00 80
2022-07-01 $222,500 (31.0%) $237,677 (-1.0%) 0.00 94
2022-08-01 $217,225 (24.1%) $227,825 (-1.4%) 0.00 98
2022-09-01 $219,750 (29.3%) $230,605 (3.1%) 0.00 106
2022-10-01 $220,000 (37.5%) $238,835 (18.1%) 0.00 113
2022-11-01 $242,850 (42.9%) $235,807 (15.5%) 0.00 120
2022-12-01 $249,990 (42.9%) $256,419 (21.4%) 0.00 128
2023-01-01 $252,490 (44.3%) $264,072 (28.3%) 0.00 116
2023-02-01 $264,450 (37.2%) $281,960 (41.3%) 0.00 99
2023-03-01 $257,950 (43.3%) $295,012 (51.3%) 0.00 78
2023-04-01 $259,950 (25.3%) $283,544 (26.9%) 0.00 86
2023-05-01 $259,925 (19.2%) $289,362 (25.0%) 0.00 89
2023-06-01 $251,225 (29.5%) $278,496 (24.8%) 0.00 100
2023-07-01 $254,900 (14.6%) $281,006 (18.2%) 0.00 109
2023-08-01 $258,225 (18.9%) $275,506 (20.9%) 0.00 129
2023-09-01 $259,000 (17.9%) $272,304 (18.1%) 0.00 116
2023-10-01 $262,000 (19.1%) $287,493 (20.4%) 0.00 110
2023-11-01 $261,963 (7.9%) $274,291 (16.3%) 0.00 127
2023-12-01 $260,950 (4.4%) $295,778 (15.4%) 0.00 136
2024-01-01 $249,850 (-1.1%) $292,101 (10.6%) 0.00 129
2024-02-01 $247,350 (-6.5%) $285,228 (1.2%) 0.00 141
2024-03-01 $249,450 (-3.3%) $284,769 (-3.5%) 0.00 147
2024-04-01 $249,450 (-4.0%) $298,555 (5.3%) 0.00 124
2024-05-01 $255,950 (-1.5%) $310,391 (7.3%) 0.00 127
2024-06-01 $249,950 (-0.5%) $292,038 (4.9%) 0.00 132
2024-07-01 $265,925 (4.3%) $287,198 (2.2%) 0.00 133
2024-08-01 $266,450 (3.2%) $281,391 (2.1%) 0.00 125
2024-09-01 $257,000 (-0.8%) $269,957 (-0.9%) 0.00 142
2024-10-01 $252,250 (-3.7%) $271,786 (-5.5%) 0.00 155
2024-11-01 $249,900 (-4.6%) $264,674 (-3.5%) 0.00 166
2024-12-01 $249,600 (-4.4%) $269,975 (-8.7%) 0.00 158
2025-01-01 $255,950 (2.4%) $275,093 (-5.8%) 0.00 161
2025-02-01 $251,975 (1.9%) $299,305 (4.9%) 0.00 164
2025-03-01 $250,000 (0.2%) $271,934 (-4.5%) 0.00 165
Lumberton's median listing price for 2025-03-01 was $250,000, a difference of $550 (0.2%) versus the prior year and $-1,975 versus the prior month.

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

Lumberton's average listing price for 2025-03-01 was $271,934, a difference of $-12,835 (-4.5%) versus the prior year and $-27,371 versus the prior month.

For the 2025-03-01 period, Lumberton had 165 MLS listings, a difference of 1 listings (1%) versus the prior month and 18 listings (12%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Lumberton (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,833 sqft
2018-02-01 0 days 1,750 sqft
2018-03-01 0 days 1,750 sqft
2018-04-01 0 days 1,790 sqft
2018-05-01 0 days 1,779 sqft
2018-06-01 0 days 1,750 sqft
2018-07-01 0 days 1,650 sqft
2018-08-01 0 days 1,750 sqft
2018-09-01 0 days 1,650 sqft
2018-10-01 0 days 1,750 sqft
2018-11-01 0 days 1,750 sqft
2018-12-01 0 days 1,750 sqft
2019-01-01 0 days 1,650 sqft
2019-02-01 0 days 1,690 sqft
2019-03-01 0 days 1,746 sqft
2019-04-01 0 days 1,789 sqft
2019-05-01 0 days 1,775 sqft
2019-06-01 0 days 1,750 sqft
2019-07-01 0 days 1,750 sqft
2019-08-01 0 days 1,750 sqft
2019-09-01 0 days 1,750 sqft
2019-10-01 0 days 1,750 sqft
2019-11-01 0 days 1,750 sqft
2019-12-01 0 days 1,714 sqft
2020-01-01 0 days 1,650 sqft
2020-02-01 0 days 1,550 sqft
2020-03-01 0 days 1,550 sqft
2020-04-01 0 days 1,600 sqft
2020-05-01 0 days 1,550 sqft
2020-06-01 0 days 1,550 sqft
2020-07-01 0 days 1,660 sqft
2020-08-01 0 days 1,750 sqft
2020-09-01 0 days 1,803 sqft
2020-10-01 0 days 1,750 sqft
2020-11-01 0 days 1,750 sqft
2020-12-01 0 days 1,770 sqft
2021-01-01 0 days 1,840 sqft
2021-02-01 0 days 1,670 sqft
2021-03-01 0 days 1,835 sqft
2021-04-01 0 days 1,750 sqft
2021-05-01 0 days 1,850 sqft
2021-06-01 0 days 1,867 sqft
2021-07-01 0 days 1,850 sqft
2021-08-01 0 days 1,950 sqft
2021-09-01 0 days 1,850 sqft
2021-10-01 0 days 1,829 sqft
2021-11-01 0 days 1,700 sqft
2021-12-01 0 days 1,850 sqft
2022-01-01 0 days 1,850 sqft
2022-02-01 0 days 1,850 sqft
2022-03-01 0 days 1,900 sqft
2022-04-01 0 days 1,935 sqft
2022-05-01 0 days 1,937 sqft
2022-06-01 0 days 1,859 sqft
2022-07-01 0 days 1,873 sqft
2022-08-01 0 days 1,850 sqft
2022-09-01 0 days 1,850 sqft
2022-10-01 0 days 1,850 sqft
2022-11-01 0 days 1,850 sqft
2022-12-01 0 days 1,850 sqft
2023-01-01 0 days 1,850 sqft
2023-02-01 0 days 1,850 sqft
2023-03-01 0 days 1,832 sqft
2023-04-01 0 days 1,850 sqft
2023-05-01 0 days 1,850 sqft
2023-06-01 0 days 1,873 sqft
2023-07-01 0 days 1,837 sqft
2023-08-01 0 days 1,789 sqft
2023-09-01 0 days 1,779 sqft
2023-10-01 0 days 1,784 sqft
2023-11-01 0 days 1,783 sqft
2023-12-01 0 days 1,787 sqft
2024-01-01 0 days 1,779 sqft
2024-02-01 0 days 1,779 sqft
2024-03-01 0 days 1,766 sqft
2024-04-01 0 days 1,782 sqft
2024-05-01 0 days 1,808 sqft
2024-06-01 0 days 1,793 sqft
2024-07-01 0 days 1,786 sqft
2024-08-01 0 days 1,771 sqft
2024-09-01 0 days 1,604 sqft
2024-10-01 0 days 1,628 sqft
2024-11-01 0 days 1,611 sqft
2024-12-01 0 days 1,601 sqft
2025-01-01 0 days 1,654 sqft
2025-02-01 0 days 1,637 sqft
2025-03-01 0 days 1,714 sqft
Lumberton's median listing age (time on market) for 2025-03-01 was 0 days.

Lumberton's median square footage for active listings during the 2025-03-01 period was 1,714 sqft. One year prior, the average listing was 1,766 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).