Myrtle Beach FHA Loan Rates, Closing Costs & Stats

MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-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.

Myrtle Beach's 192 lenders originated 2,224 FHA loans during 2023. The total origination value was $592,480,000, with an average FHA loan value of $266,403.

Myrtle Beach FHA Loans, 30 Year Fixed Rates

30 Year FHA mortgages in Myrtle Beach averaged 6.78% for the week of 2024-07-12, compared to the national average (all FHA variants) of 6.655% for the same period.

Myrtle Beach's average FHA mortgage closing costs are $8,140.

The average rate for the prior week (2024-07-05) was 6.45% and one month ago for the week of 2024-06-07, the average rate was 6.53%.

The average rate one year ago was 6.63%.

For refis of the same type during the week of 2024-07-12, the average rate was 7.07%.

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

Myrtle Beach 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 Myrtle Beach level.

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
DHI MORTGAGE COMPANY, LTD. 318 5.32% $8,049
QUICKEN LOANS, LLC 209 6.09% $12,254
UNITED WHOLESALE MORTGAGE, LLC 127 6.39% $11,540
EAGLE HOME MORTGAGE, LLC 94 5.83% $12,217
MOVEMENT MORTGAGE, LLC 84 6.58% $12,196
LOANDEPOT.COM, LLC 67 6.27% $11,854
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 56 6.81% $11,574
GUARANTEED RATE, INC. 43 6.49% $12,019
JET HOMELOANS, LLC 39 6.17% $11,559
Neighborhood Loans, Inc. 37 6.88% $11,184
T2 FINANCIAL LLC 33 6.82% $13,121
CROSSCOUNTRY MORTGAGE, LLC 27 6.67% $12,575
ATLANTIC BAY MORTGAGE GROUP, L.L.C. 27 6.66% $11,844
Flagstar Bank, FSB 26 6.85% $9,170
NEWREZ LLC 25 6.62% $9,317
AMERISAVE MORTGAGE CORPORATION 24 6.03% $13,935
NVR Mortgage Finance, Inc. 23 6.35% $12,080
AMERICAN PACIFIC MORTGAGE CORPORATION 23 6.54% $15,170
GUILD MORTGAGE COMPANY 23 6.72% $12,197
CARDINAL FINANCIAL 22 6.64% $13,315
Plains Commerce Bank 22 6.27% $11,722
FREEDOM MORTGAGE CORPORATION 20 6.93% $13,412
AMERICAN FINANCIAL NETWORK, INC. 20 6.82% $14,628
US MORTGAGE CORPORATION 19 6.51% $13,407
FBC MORTGAGE, LLC 17 5.49% $9,253
BROKER SOLUTIONS, INC. 16 6.61% $13,169
PENNYMAC LOAN SERVICES, LLC 16 6.01% $15,139
American Security Mortgage Corp. 16 6.38% $10,641
Mr. Cooper ( Nationstar Mortgage ) 15 6.23% $16,408
PULTE MORTGAGE LLC 15 6.20% $7,575
AMERICAN FINANCIAL RESOURCES, INC. 14 6.13% $10,951
MUTUAL OF OMAHA MORTGAGE, INC. 14 6.58% $16,537
CMG MORTGAGE, INC. 14 6.65% $10,512
VANDERBILT MORTGAGE AND FINANCE, INC. 13 6.92% $10,162
Gateway First Bank 13 6.80% $9,755
Integrity Home Mortgage Corp 12 7.11% $10,439
UNION HOME MORTGAGE CORP. 12 6.73% $10,632
Equity Prime Mortgage LLC 11 6.81% $13,843
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 10 6.73% $12,222
INSPIRE HOME LOANS INC. 9 5.71% $8,887
TOP FLITE FINANCIAL, INC. 9 6.93% $12,250
MDE Home Loans, LLC 9 6.50% $11,331
CORNERSTONE HOME LENDING, INC. 9 6.68% $11,714
Paramount Residential Mortgage Group, Inc. 9 6.67% $11,007
CITY FIRST MORTGAGE SERVICES, L.L.C. 8 6.98% $13,042
Blue Ridge Bank 8 6.42% $10,165
GENEVA FINANCIAL, LLC 8 6.77% $14,523
PLAZA HOME MORTGAGE, INC. 8 6.73% $14,023
Ameris Bank 8 6.48% $13,496
Renasant Bank 7 6.48% $9,593
LAKEVIEW LOAN SERVICING, LLC 7 6.05% $10,719
VERITAS FUNDING, LLC 7 6.54% $17,462
South State Bank 7 6.28% $8,645
PLANET HOME LENDING, LLC 7 6.73% $12,271
RELIANCE FIRST CAPITAL, LLC 6 6.42% $11,742
NATION ONE MORTGAGE CORPORATION 6 7.35% $15,282
Barrington Bank & Trust Company, N.A. 6 6.48% $10,863
TOWNE MORTGAGE COMPANY 6 7.06% $12,408
The Federal Savings Bank 6 6.75% $15,369
ACADEMY MORTGAGE CORPORATION 5 7.03% $10,498
Nations Lending Corporation 5 6.60% $12,217
Northpointe Bank 5 6.75% $11,419
Carrington Mortgage Services, LLC 5 6.55% $11,793
NATIONWIDE MORTGAGE BANKERS, INC. 5 6.70% $14,112
Prosperity Home Mortgage, LLC 5 6.62% $10,850
SUN WEST MORTGAGE COMPANY, INC. 5 6.25% $11,549
CALIBER HOME LOANS, INC. 5 6.43% $9,880
SeaTrust Mortgage Company 5 7.02% $11,859
HOMESIDE FINANCIAL, LLC 5 6.70% $13,794
Magnolia Bank 5 6.85% $10,091
TIDEWATER MORTGAGE SERVICES, INC. 4 6.22% $10,681
ZILLOW HOME LOANS, LLC 4 6.28% $13,688
First Reliance Bank 4 6.38% $9,131
United Bank 4 5.94% $6,921
INTERCOASTAL MORTGAGE COMPANY 4 7.16% $11,052
TJC Mortgage, Inc. 4 6.78% $14,627
MICHIGAN MUTUAL, INC. 4 5.75% $12,914
LOANPAL, LLC 4 5.53% $11,362
NFM, INC. 4 6.97% $12,263
AMERICAN FINANCING CORPORATION 4 6.50% $11,721
VILLAGE CAPITAL MORTGAGE 4 6.13% $12,175
Platinum Home Mortgage Corporation 4 6.59% $12,919
Towne Bank 4 6.72% $9,765
GSF Mortgage Corporation 4 6.13% $15,857
Lakeview Community Capital, LLC 3 6.08% $12,813
Shamrock Home Loans, Inc. 3 6.63% $9,970
DELMAR FINANCIAL COMPANY 3 6.75% $9,771
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 3 6.33% $14,470
POLARIS HOME FUNDING CORP. 3 6.75% $16,323
Truist 3 6.90% $7,042
BAY EQUITY LLC 3 6.42% $11,390
Bank of England 3 6.04% $13,419
MORTGAGE SOLUTIONS OF COLORADO, LLC 3 6.92% $11,088
HOMESTEAD FUNDING CORP. 3 6.58% $10,683
Waterstone Mortgage Corporation 3 7.04% $13,140
NBKC BANK 3 5.83% $11,129
TBI MORTGAGE COMPANY 2 5.56% $15,678
Alcova Mortgage LLC 2 6.81% $9,194
ALLIED MORTGAGE GROUP, INC. 2 6.75% $15,784
ARK-LA-TEX FINANCIAL SERVICES, LLC. 2 6.19% $9,153
Atlantic Coast Mortgage, LLC 2 7.06% $12,659
BOKF 2 6.63% $14,912
CALCON MUTUAL MORTGAGE LLC 2 6.50% $15,127
CBM Mortgage, Inc. 2 6.19% $16,348
CONTOUR MORTGAGE CORPORATION 2 5.94% $18,494
FIRST ALLIANCE HOME MORTGAGE, LLC 2 6.81% $14,027
First-Citizens Bank & Trust Company 2 6.06% $10,001
First Federal Bank 2 7.25% $8,076
First National Bank of Pennsylvania 2 6.19% $19,356
HOMEBRIDGE FINANCIAL SERVICES, INC. 2 6.00% $14,788
HOMESTAR FINANCIAL CORPORATION 2 6.38% $6,688
INTERLINC MORTGAGE SERVICES, LLC 2 7.25% $10,725
LAND HOME FINANCIAL SERVICES, INC. 2 6.63% $12,290
LIBERTY HOME MORTGAGE CORPORATION 2 7.44% $14,677
MILEND, INC. 2 6.50% $13,679
MORTGAGE INVESTORS GROUP, INC. 2 7.19% $8,567
Mortgage Research Center, LLC 2 6.81% $8,494
NATIONS DIRECT MORTGAGE, LLC 2 7.44% $8,611
North State Bank 2 6.63% $10,040
SOUTHEAST MORTGAGE OF GEORGIA, INC. 2 6.88% $10,313
SOUTHERN TRUST MORTGAGE, LLC 2 6.31% $14,787
SOUTHWEST STAGE FUNDING, LLC 2 7.06% $5,989
United Community Bank 2 6.38% $13,527
U.S. Bank 2 6.75% $10,556
Wells Fargo Bank 2 6.63% $9,026
NEW FED MORTGAGE, CORP. 1 7.63% $9,995
MEADOWBROOK FINANCIAL MORTGAGE BANKERS CORP. 1 5.75% $14,130
LADERA LENDING, INC. 1 5.63% $20,603
NJ LENDERS CORP. 1 6.75% $10,411
Keystone Funding, Inc. 1 6.25% $11,441
NORTHPOINT MORTGAGE, INC. 1 5.50% $12,756
American Mortgage & Equity Consultants, Inc. 1 6.75% $11,149
JPMorgan Chase Bank 1 7.25% $8,512
OCMBC, INC. 1 6.13% $9,754
ON Q FINANCIAL, INC. 1 6.63% $11,812
OPEN MORTGAGE, LLC 1 6.75% $19,026
Ixonia Bank 1 6.75% $21,034
Independent Bank 1 7.25% $10,596
GUARANTY HOME MORTGAGE CORPORATION 1 6.25% $8,120
GoPrime Mortgage, Inc. 1 7.75% $16,460
George Mason Mortgage, LLC 1 5.63% $12,863
GARDNER FINANCIAL SERVICES, LTD. 1 7.25% $16,158
First Palmetto Bank 1 6.49% $12,562
PREMIER MORTGAGE RESOURCES, L.L.C. 1 7.63% $10,810
Presidential Bank, FSB 1 6.50% $14,355
PRIMARY RESIDENTIAL MORTGAGE, INC. 1 7.00% $9,106
PRIMELENDING, A PLAINSCAPITAL COMPANY 1 6.75% $11,093
First Horizon Bank 1 6.13% $9,321
First Financial Bank 1 6.63% $9,449
FIRST CENTENNIAL MORTGAGE CORPORATION 1 6.63% $12,352
First Bank 1 7.13% $11,069
Fifth Third Bank 1 6.63% $14,542
RUOFF MORTGAGE COMPANY, INC. 1 6.13% $8,680
Sandy Spring Bank 1 6.25% $10,356
EQUITY RESOURCES, INC. 1 7.63% $6,034
SECURITYNATIONAL MORTGAGE COMPANY 1 5.38% $18,737
Semper Home Loans, Inc. 1 6.63% $9,072
Encompass Lending Group, LP 1 7.13% $11,455
AMERICAN HERITAGE FCU 1 5.49% $9,419
AMCAP MORTGAGE, LTD. 1 8.25% $11,338
EMM LOANS LLC 1 5.75% $16,486
ACOPIA, LLC 1 6.25% $21,648
SOVEREIGN LENDING GROUP INCORPORATED 1 6.25% $16,440
SUMMIT FUNDING, INC. 1 6.25% $15,734
EMBRACE HOME LOANS, INC. 1 6.49% $14,193
Synovus Bank 1 5.75% $9,515
DEVELOPER'S MORTGAGE COMPANY 1 6.88% $9,360
1ST SIGNATURE LENDING, LLC 1 7.00% $12,011
Citizens Bank 1 6.25% $15,159
The Loan Store, Inc. 1 7.49% $17,021
THRIVE MORTGAGE, LLC 1 7.13% $15,010
Century Mortgage Company DBA Century Lending Company 1 6.63% $15,927
Capital Bank 1 7.13% $9,706
BETTER MORTGAGE CORPORATION 1 6.75% $8,843
Bell Bank 1 6.75% $11,182
BECKAM FUNDING CORP. 1 7.25% $16,583
BAYSHORE MORTGAGE FUNDING, LLC 1 6.75% $16,358
Bank of America 1 7.00% $4,323
Assurance Financial Group, L.L.C. 1 7.63% $10,390
ABSOLUTE HOME MORTGAGE CORPORATION 1 5.75% $11,570
United Fidelity Funding Corp. 1 6.75% $11,580
Arvest Bank 1 5.88% $10,332
Wyndham Capital Mortgage, Inc. 1 6.63% $9,876
AmeriHome Mortgage Company, LLC 1 6.63% $14,038
Uwharrie Bank 1 7.25% $8,250
MLD MORTGAGE INC. 1 5.63% $10,433
MIDLAND MORTGAGE CORPORATION 1 6.25% $22,331
MID-ISLAND MORTGAGE CORP. 1 5.63% $20,508
Meridian Bank Corporation 1 6.25% $11,544
NETWORK CAPITAL FUNDING CORPORATION 1 7.50% $10,030
Network Funding, L.P. 1 6.25% $10,064
NEW DAY FINANCIAL, LLC 1 6.75% $6,611

The top Myrtle Beach FHA lender as defined by loan originations is DHI MORTGAGE COMPANY, LTD., with 318 FHA loans originated. Their average total fees are $8,049, which is $4,204 lower than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee Myrtle Beach FHA lenders (with over 10 loans originated) are PULTE MORTGAGE LLC ($7,575), DHI MORTGAGE COMPANY, LTD. ($8,049), Flagstar Bank, FSB ($9,170), FBC MORTGAGE, LLC ($9,253) and NEWREZ LLC ($9,317).

The lowest rate Myrtle Beach FHA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (5.32%), FBC MORTGAGE, LLC (5.49%), EAGLE HOME MORTGAGE, LLC (5.83%), PENNYMAC LOAN SERVICES, LLC (6.01%) and AMERISAVE MORTGAGE CORPORATION (6.03%).

Myrtle Beach FHA Loan Limits

Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC BRUNSWICK 2022 $420,680 $538,650 $651,050 $809,150
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC HORRY 2022 $420,680 $538,650 $651,050 $809,150
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC BRUNSWICK 2023 $472,030 $604,400 $730,525 $907,900
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC HORRY 2023 $472,030 $604,400 $730,525 $907,900

Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Myrtle Beach (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 $245,345 (6.7%) $318,253 (7.4%) 0.91 6,641
2018-02-01 $247,531 (7.7%) $316,233 (6.2%) 0.90 6,823
2018-03-01 $249,000 (6.0%) $319,276 (5.5%) 0.87 7,024
2018-04-01 $249,900 (4.6%) $326,046 (4.7%) 0.85 7,034
2018-05-01 $252,498 (5.3%) $329,157 (4.6%) 0.84 6,969
2018-06-01 $259,900 (7.7%) $335,091 (4.2%) 0.87 6,870
2018-07-01 $260,213 (6.3%) $335,520 (4.8%) 0.87 6,710
2018-08-01 $259,168 (4.8%) $332,222 (3.2%) 0.87 6,759
2018-09-01 $257,500 (3.4%) $332,379 (2.8%) 0.87 6,671
2018-10-01 $249,988 (0.4%) $324,731 (0.7%) 0.85 6,660
2018-11-01 $250,950 (2.4%) $323,931 (0.4%) 0.85 6,630
2018-12-01 $250,000 (2.0%) $321,139 (-0.1%) 0.86 6,596
2019-01-01 $251,695 (2.6%) $319,625 (0.4%) 0.87 6,529
2019-02-01 $253,050 (2.2%) $322,489 (2.0%) 0.85 6,791
2019-03-01 $255,449 (2.6%) $324,972 (1.8%) 0.84 7,012
2019-04-01 $259,900 (4.0%) $329,551 (1.1%) 0.83 7,209
2019-05-01 $264,200 (4.6%) $334,994 (1.8%) 0.83 7,160
2019-06-01 $263,500 (1.4%) $334,669 (-0.1%) 0.82 7,110
2019-07-01 $260,000 (-0.1%) $334,427 (-0.3%) 0.81 7,030
2019-08-01 $262,155 (1.2%) $336,308 (1.2%) 0.83 6,949
2019-09-01 $265,386 (3.1%) $337,239 (1.5%) 0.85 6,879
2019-10-01 $266,898 (6.8%) $337,202 (3.8%) 0.86 6,836
2019-11-01 $265,000 (5.6%) $336,929 (4.0%) 0.87 6,796
2019-12-01 $264,900 (6.0%) $335,154 (4.4%) 0.88 6,596
2020-01-01 $259,900 (3.3%) $331,222 (3.6%) 0.87 6,376
2020-02-01 $262,000 (3.5%) $332,703 (3.2%) 0.86 6,431
2020-03-01 $261,200 (2.3%) $335,754 (3.3%) 0.82 6,621
2020-04-01 $259,900 (0.0%) $331,226 (0.5%) 0.81 6,894
2020-05-01 $261,995 (-0.8%) $336,674 (0.5%) 0.80 6,652
2020-06-01 $264,900 (0.5%) $339,381 (1.4%) 0.78 5,962
2020-07-01 $262,450 (0.9%) $339,663 (1.6%) 0.76 5,620
2020-08-01 $260,444 (-0.7%) $339,148 (0.8%) 0.75 5,405
2020-09-01 $260,120 (-2.0%) $341,248 (1.2%) 0.75 5,068
2020-10-01 $262,990 (-1.5%) $346,093 (2.6%) 0.75 4,835
2020-11-01 $264,200 (-0.3%) $344,601 (2.3%) 0.77 4,582
2020-12-01 $259,995 (-1.9%) $339,941 (1.4%) 0.77 4,469
2021-01-01 $259,900 (0.0%) $337,006 (1.8%) 0.78 4,104
2021-02-01 $262,896 (0.3%) $341,440 (2.6%) 0.77 3,484
2021-03-01 $273,015 (4.5%) $358,533 (6.8%) 0.77 2,947
2021-04-01 $291,175 (12.0%) $380,422 (14.9%) 0.79 2,476
2021-05-01 $311,185 (18.8%) $415,825 (23.5%) 0.83 1,986
2021-06-01 $329,000 (24.2%) $438,907 (29.3%) 0.87 1,883
2021-07-01 $358,900 (36.8%) $456,133 (34.3%) 0.95 1,966
2021-08-01 $358,198 (37.5%) $456,808 (34.7%) 0.96 2,211
2021-09-01 $356,348 (37.0%) $453,854 (33.0%) 0.95 2,343
2021-10-01 $366,045 (39.2%) $464,347 (34.2%) 0.98 2,391
2021-11-01 $365,539 (38.4%) $464,570 (34.8%) 0.98 2,302
2021-12-01 $370,533 (42.5%) $468,922 (37.9%) 1.00 1,999
2022-01-01 $372,000 (43.1%) $471,861 (40.0%) 1.01 1,785
2022-02-01 $394,808 (50.2%) $512,079 (50.0%) 1.03 1,362
2022-03-01 $399,555 (46.4%) $520,708 (45.2%) 1.00 1,358
2022-04-01 $399,000 (37.0%) $522,855 (37.4%) 0.95 1,570
2022-05-01 $389,900 (25.3%) $514,022 (23.6%) 0.89 2,152
2022-06-01 $389,655 (18.4%) $510,846 (16.4%) 0.87 2,705
2022-07-01 $383,663 (6.9%) $498,701 (9.3%) 0.86 3,337
2022-08-01 $381,175 (6.4%) $488,608 (7.0%) 0.88 3,645
2022-09-01 $382,675 (7.4%) $487,642 (7.4%) 0.89 3,909
2022-10-01 $379,370 (3.6%) $480,837 (3.6%) 0.89 4,153
2022-11-01 $374,172 (2.4%) $470,550 (1.3%) 0.90 4,443
2022-12-01 $365,815 (-1.3%) $462,487 (-1.4%) 0.90 4,478
2023-01-01 $362,500 (-2.6%) $458,294 (-2.9%) 0.90 4,288
2023-02-01 $364,059 (-7.8%) $458,158 (-10.5%) 0.88 4,042
2023-03-01 $365,095 (-8.6%) $462,122 (-11.3%) 0.86 3,929
2023-04-01 $366,948 (-8.0%) $470,655 (-10.0%) 0.85 3,857
2023-05-01 $365,974 (-6.1%) $466,433 (-9.3%) 0.83 3,968
2023-06-01 $365,151 (-6.3%) $468,436 (-8.3%) 0.82 4,037
2023-07-01 $359,900 (-6.2%) $464,469 (-6.9%) 0.82 4,169
2023-08-01 $355,784 (-6.7%) $494,873 (1.3%) 0.82 4,349
2023-09-01 $350,000 (-8.5%) $458,571 (-6.0%) 0.81 4,508
2023-10-01 $350,000 (-7.7%) $459,288 (-4.5%) 0.82 4,814
2023-11-01 $350,000 (-6.5%) $456,685 (-3.0%) 0.83 5,141
2023-12-01 $349,900 (-4.4%) $448,667 (-3.0%) 0.85 5,232
2024-01-01 $345,884 (-4.6%) $445,109 (-2.9%) 0.84 5,367
2024-02-01 $345,875 (-5.0%) $446,242 (-2.6%) 0.83 5,702
2024-03-01 $346,900 (-5.0%) $449,433 (-2.8%) 0.82 5,951
2024-04-01 $345,633 (-5.8%) $448,965 (-4.6%) 0.80 6,340
2024-05-01 $345,544 (-5.6%) $451,174 (-3.3%) 0.78 6,561
2024-06-01 $342,000 (-6.3%) $449,457 (-4.1%) 0.77 6,690
Myrtle Beach's median listing price for 2024-06-01 was $342,000, a difference of $-23,151 (-6.3%) versus the prior year and $-3,544 versus the prior month.

Myrtle Beach's median listing price comes in at 77% of the national average.

Myrtle Beach's average listing price for 2024-06-01 was $449,457, a difference of $-18,979 (-4.1%) versus the prior year and $-1,717 versus the prior month.

For the 2024-06-01 period, Myrtle Beach had 6,690 MLS listings, a difference of 129 listings (2%) versus the prior month and 2,653 listings (66%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Myrtle Beach (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 99 days 1,701 sqft
2018-02-01 94 days 1,701 sqft
2018-03-01 75 days 1,701 sqft
2018-04-01 73 days 1,701 sqft
2018-05-01 73 days 1,701 sqft
2018-06-01 79 days 1,701 sqft
2018-07-01 85 days 1,701 sqft
2018-08-01 82 days 1,701 sqft
2018-09-01 87 days 1,701 sqft
2018-10-01 91 days 1,650 sqft
2018-11-01 95 days 1,647 sqft
2018-12-01 102 days 1,651 sqft
2019-01-01 94 days 1,626 sqft
2019-02-01 89 days 1,605 sqft
2019-03-01 79 days 1,539 sqft
2019-04-01 74 days 1,451 sqft
2019-05-01 76 days 1,451 sqft
2019-06-01 81 days 1,451 sqft
2019-07-01 82 days 1,501 sqft
2019-08-01 84 days 1,511 sqft
2019-09-01 84 days 1,526 sqft
2019-10-01 85 days 1,536 sqft
2019-11-01 86 days 1,550 sqft
2019-12-01 90 days 1,601 sqft
2020-01-01 96 days 1,636 sqft
2020-02-01 93 days 1,651 sqft
2020-03-01 71 days 1,650 sqft
2020-04-01 76 days 1,650 sqft
2020-05-01 86 days 1,651 sqft
2020-06-01 92 days 1,686 sqft
2020-07-01 77 days 1,677 sqft
2020-08-01 68 days 1,660 sqft
2020-09-01 68 days 1,650 sqft
2020-10-01 68 days 1,650 sqft
2020-11-01 68 days 1,637 sqft
2020-12-01 72 days 1,620 sqft
2021-01-01 75 days 1,610 sqft
2021-02-01 73 days 1,600 sqft
2021-03-01 56 days 1,605 sqft
2021-04-01 52 days 1,652 sqft
2021-05-01 46 days 1,671 sqft
2021-06-01 41 days 1,687 sqft
2021-07-01 37 days 1,723 sqft
2021-08-01 35 days 1,729 sqft
2021-09-01 39 days 1,741 sqft
2021-10-01 41 days 1,831 sqft
2021-11-01 44 days 1,805 sqft
2021-12-01 57 days 1,812 sqft
2022-01-01 64 days 1,821 sqft
2022-02-01 48 days 1,814 sqft
2022-03-01 37 days 1,804 sqft
2022-04-01 29 days 1,726 sqft
2022-05-01 26 days 1,710 sqft
2022-06-01 32 days 1,700 sqft
2022-07-01 39 days 1,673 sqft
2022-08-01 45 days 1,672 sqft
2022-09-01 52 days 1,693 sqft
2022-10-01 58 days 1,702 sqft
2022-11-01 65 days 1,702 sqft
2022-12-01 67 days 1,711 sqft
2023-01-01 77 days 1,701 sqft
2023-02-01 79 days 1,713 sqft
2023-03-01 62 days 1,720 sqft
2023-04-01 53 days 1,715 sqft
2023-05-01 51 days 1,701 sqft
2023-06-01 51 days 1,674 sqft
2023-07-01 55 days 1,648 sqft
2023-08-01 55 days 1,618 sqft
2023-09-01 55 days 1,618 sqft
2023-10-01 57 days 1,600 sqft
2023-11-01 59 days 1,601 sqft
2023-12-01 66 days 1,580 sqft
2024-01-01 72 days 1,576 sqft
2024-02-01 62 days 1,561 sqft
2024-03-01 57 days 1,554 sqft
2024-04-01 59 days 1,557 sqft
2024-05-01 59 days 1,546 sqft
2024-06-01 65 days 1,543 sqft
Myrtle Beach's median listing age (time on market) for 2024-06-01 was 65 days. This is 29% longer than the same period one year ago.

Myrtle Beach's median square footage for active listings during the 2024-06-01 period was 1,543 sqft. One year prior, the average listing was 1,674 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).