Myrtle Beach FHA Loan Rates, Closing Costs & Stats

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

    Myrtle Beach's 186 lenders originated 2,612 FHA loans during 2024. The total origination value was $712,910,000, with an average FHA loan value of $272,936.

    Myrtle Beach FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Myrtle Beach averaged 0.26% for the week of 2025-06-20, compared to the national average (all FHA variants) of 0% for the same period.

    Myrtle Beach's average FHA mortgage closing costs are $8,598.

    The average rate for the prior week (2025-06-13) was 6.65% and one month ago for the week of 2025-05-16, the average rate was 6.61%.

    The average rate one year ago was 6.76%.

    For refis of the same type during the week of 2025-06-20, the average rate was 0.01%.

    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 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    DHI MORTGAGE COMPANY, LTD. 444 5.16% $7,887
    QUICKEN LOANS, LLC 178 6.33% $12,133
    UNITED WHOLESALE MORTGAGE, LLC 146 6.13% $13,149
    EAGLE HOME MORTGAGE, LLC 97 6.18% $10,680
    LOANDEPOT.COM, LLC 80 5.89% $11,782
    T2 FINANCIAL LLC 60 6.83% $12,999
    MOVEMENT MORTGAGE, LLC 56 6.51% $12,344
    NVR Mortgage Finance, Inc. 52 6.03% $13,279
    VANDERBILT MORTGAGE AND FINANCE, INC. 51 5.77% $11,322
    Flagstar Bank, FSB 49 6.30% $9,738
    VELOCIO MORTGAGE L.L.C. 46 4.68% $9,212
    GUARANTEED RATE, INC. 42 6.53% $11,258
    FBC MORTGAGE, LLC 38 5.33% $8,971
    FREEDOM MORTGAGE CORPORATION 37 6.51% $11,562
    NEWREZ LLC 34 6.28% $9,675
    NATION ONE MORTGAGE CORPORATION 34 6.57% $16,026
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 33 6.69% $11,851
    PENNYMAC LOAN SERVICES, LLC 31 5.92% $10,836
    CROSSCOUNTRY MORTGAGE, LLC 30 6.44% $13,486
    JET HOMELOANS, LLC 29 5.54% $9,561
    HOMESIDE FINANCIAL, LLC 27 6.59% $11,617
    GUILD MORTGAGE COMPANY 26 6.47% $11,731
    AMERICAN FINANCIAL NETWORK, INC. 25 6.60% $13,196
    BROKER SOLUTIONS, INC. 23 6.92% $13,110
    AMERICAN FINANCIAL RESOURCES, INC. 21 6.30% $13,596
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 21 6.51% $11,771
    Alcova Mortgage LLC 18 6.32% $9,102
    CMG MORTGAGE, INC. 17 6.44% $11,762
    AMERISAVE MORTGAGE CORPORATION 16 6.12% $16,467
    Mr. Cooper ( Nationstar Mortgage ) 16 6.85% $11,569
    MUTUAL OF OMAHA MORTGAGE, INC. 15 6.38% $14,662
    PULTE MORTGAGE LLC 14 5.29% $7,949
    PLANET HOME LENDING, LLC 14 6.43% $9,280
    Plains Commerce Bank 14 6.21% $11,508
    CITY FIRST MORTGAGE SERVICES, L.L.C. 13 6.76% $11,011
    CARDINAL FINANCIAL 13 5.87% $16,818
    Carrington Mortgage Services, LLC 13 6.56% $10,566
    UNION HOME MORTGAGE CORP. 13 6.65% $10,812
    South State Bank 12 6.30% $11,092
    Gateway First Bank 12 6.66% $10,586
    Integrity Home Mortgage Corp 12 6.98% $9,848
    SeaTrust Mortgage Company 11 6.62% $11,217
    Equity Prime Mortgage LLC 10 6.39% $13,924
    VILLAGE CAPITAL MORTGAGE 10 6.58% $5,609
    LAKEVIEW LOAN SERVICING, LLC 10 6.21% $7,843
    TIDEWATER MORTGAGE SERVICES, INC. 9 6.44% $11,547
    AmeriHome Mortgage Company, LLC 9 6.44% $5,778
    Magnolia Bank 9 6.49% $10,985
    AMERICAN FINANCING CORPORATION 9 5.80% $11,236
    Ameris Bank 8 6.61% $10,864
    AMERICAN PACIFIC MORTGAGE CORPORATION 7 6.34% $14,320
    American Security Mortgage Corp. 7 6.29% $10,504
    ZILLOW HOME LOANS, LLC 6 6.31% $12,354
    CHURCHILL MORTGAGE CORPORATION 6 6.33% $10,940
    CORNERSTONE HOME LENDING, INC. 6 6.37% $11,937
    Paramount Bank 6 6.21% $10,850
    RELIANCE FIRST CAPITAL, LLC 6 6.50% $13,307
    Truist 6 6.17% $10,280
    INTERCOASTAL MORTGAGE COMPANY 5 6.80% $8,334
    Mortgage Research Center, LLC 5 7.00% $7,958
    MILEND, INC. 5 6.60% $13,464
    PLAZA HOME MORTGAGE, INC. 5 6.73% $13,137
    VERITAS FUNDING, LLC 5 6.30% $15,668
    Blue Ridge Bank 5 6.13% $10,780
    OCMBC, INC. 5 6.33% $8,319
    Prosperity Home Mortgage, LLC 5 6.60% $12,107
    CANOPY MORTGAGE, LLC 5 6.08% $12,242
    SUN WEST MORTGAGE COMPANY, INC. 5 6.23% $9,233
    EQUITY RESOURCES, INC. 4 7.06% $7,974
    LOANPAL, LLC 4 5.94% $12,630
    Century Mortgage Company DBA Century Lending Company 4 6.31% $10,097
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 4 6.78% $10,634
    First Federal Bank 4 6.44% $12,881
    INSPIRE HOME LOANS INC. 4 5.75% $11,022
    FIRST ALLIANCE HOME MORTGAGE, LLC 4 5.66% $18,182
    RADIUS FINANCIAL GROUP INC. 4 6.62% $13,364
    The Loan Store, Inc. 4 5.69% $15,323
    Lakeview Community Capital, LLC 4 6.34% $8,415
    Presidential Bank, FSB 4 6.31% $13,157
    First-Citizens Bank & Trust Company 4 6.50% $8,324
    EVERETT FINANCIAL, INC. 3 7.00% $10,044
    PRIMELENDING, A PLAINSCAPITAL COMPANY 3 6.33% $11,669
    Princeton Mortgage Corporation 3 7.00% $15,923
    EMM LOANS LLC 3 6.54% $15,693
    MORTGAGE EQUITY PARTNERS LLC 3 6.62% $11,630
    SOUTHERN TRUST MORTGAGE, LLC 3 6.25% $13,295
    SOUTHWEST STAGE FUNDING, LLC 3 5.88% $6,744
    MORTGAGE SOLUTIONS OF COLORADO, LLC 3 6.92% $17,539
    HOMEBRIDGE FINANCIAL SERVICES, INC. 3 5.71% $14,200
    CALCON MUTUAL MORTGAGE LLC 3 7.21% $16,228
    NATIONS DIRECT MORTGAGE, LLC 3 6.46% $11,628
    Towne Bank 3 7.17% $9,226
    TOWNE MORTGAGE COMPANY 3 6.63% $13,414
    HOMESPIRE MORTGAGE CORPORATION 3 6.88% $10,531
    FIRST COMMUNITY MORTGAGE, INC. 3 6.21% $14,229
    BETTER MORTGAGE CORPORATION 3 5.25% $14,953
    Paramount Residential Mortgage Group, Inc. 3 6.33% $14,615
    North State Bank 2 5.88% $12,308
    Barrington Bank & Trust Company, N.A. 2 7.00% $13,547
    RAPID MORTGAGE COMPANY 2 6.63% $9,176
    Nations Lending Corporation 2 6.69% $11,580
    NATIONWIDE MORTGAGE BANKERS, INC. 2 6.88% $14,240
    TJC Mortgage, Inc. 2 7.13% $13,174
    TOP FLITE FINANCIAL, INC. 2 6.94% $25,646
    TOTAL MORTGAGE SERVICES, LLC 2 6.44% $11,657
    JPMorgan Chase Bank 2 6.50% $6,638
    Cornerstone First Mortgage, Inc 2 7.06% $11,164
    1ST SIGNATURE LENDING, LLC 2 6.31% $16,184
    Pinnacle Bank 2 5.63% $9,535
    First Palmetto Bank 2 6.56% $9,965
    United Community Bank 2 6.44% $12,528
    LIBERTY HOME MORTGAGE CORPORATION 2 6.13% $14,093
    MID AMERICA MORTGAGE, INC. 2 6.88% $11,847
    Encompass Lending Group, LP 2 7.06% $10,454
    NFM, INC. 2 6.88% $15,280
    Meridian Bank Corporation 2 6.13% $8,351
    INTERLINC MORTGAGE SERVICES, LLC 2 6.19% $6,427
    LADERA LENDING, INC. 2 6.37% $10,068
    DIRECT MORTGAGE LOANS, LLC 2 6.88% $11,766
    RESOURCE FINANCIAL SERVICES, INC. 2 6.44% $9,493
    PENTAGON FEDERAL CREDIT UNION 2 5.75% $12,268
    First National Bank of Pennsylvania 2 6.56% $9,350
    TBI MORTGAGE COMPANY 2 5.75% $17,624
    Residential Mortgage Solutions, Inc. 2 6.25% $10,379
    The Federal Savings Bank 2 6.38% $16,659
    Bank of England 1 6.75% $16,191
    First Citizens Community Bank 1 6.75% $13,323
    First Heritage Mortgage, LLC 1 4.88% $11,631
    FIRST HOME MORTGAGE CORPORATION 1 6.50% $11,405
    First Horizon Bank 1 6.63% $11,198
    FIRST MORTGAGE COMPANY, INC. 1 6.13% $10,052
    EUSTIS AND AMERICAN MORTGAGE COMPANY 1 5.75% $9,042
    GENEVA FINANCIAL, LLC 1 7.50% $5,522
    GUARANTEED RATE AFFINITY, LLC 1 6.70% $5,003
    DELMAR FINANCIAL COMPANY 1 5.75% $15,489
    Hometown Equity Mortgage, LLC 1 7.25% $16,793
    COUNTRYPLACE MORTGAGE, LTD. 1 6.50% $9,458
    INTERSTATE HOME LOAN CENTER, INC. 1 6.25% $16,885
    CONTOUR MORTGAGE CORPORATION 1 6.63% $10,840
    LEGEND LENDING CORPORATION 1 7.25% $12,430
    Citizens Bank 1 6.38% $8,837
    Loan Simple, Inc. 1 7.50% $6,832
    C & F Mortgage Corporation 1 6.50% $9,355
    MDE Home Loans, LLC 1 6.38% $12,968
    Capital Bank 1 5.75% $13,643
    M&T Bank 1 6.63% $9,335
    NBKC BANK 1 5.63% $9,945
    NETWORK CAPITAL FUNDING CORPORATION 1 6.38% $16,669
    NEW DAY FINANCIAL, LLC 1 7.99% $4,801
    Northpointe Bank 1 6.50% $16,790
    NORWICH COMMERCIAL GROUP, INC. 1 6.63% $15,263
    ABSOLUTE HOME MORTGAGE CORPORATION 1 6.75% $11,968
    BAYSHORE MORTGAGE FUNDING, LLC 1 5.75% $18,610
    PHH Mortgage Corporation 1 6.13% $19,546
    BAY EQUITY LLC 1 5.75% $11,225
    PNC Bank 1 6.88% $9,217
    PREMIER MORTGAGE RESOURCES, L.L.C. 1 6.63% $11,582
    PRIMARY RESIDENTIAL MORTGAGE, INC. 1 7.25% $14,887
    First Bank 1 6.13% $9,944
    Atlantic Union Bank 1 6.25% $11,785
    Waterstone Mortgage Corporation 1 7.13% $15,386
    Renasant Bank 1 6.75% $9,033
    ROYAL UNITED MORTGAGE LLC 1 6.00% $19,107
    S1L, Inc. 1 6.75% $11,018
    Sandy Spring Bank 1 6.63% $9,198
    Atlantic Coast Mortgage, LLC 1 5.63% $13,123
    SECURITYNATIONAL MORTGAGE COMPANY 1 6.25% $9,498
    Servion, Inc. 1 6.63% $11,211
    SOUTHEAST MORTGAGE OF GEORGIA, INC. 1 6.75% $10,458
    Assurance Financial Group, L.L.C. 1 6.75% $12,680
    Stifel Bank and Trust 1 6.50% $10,614
    STOCKTON MORTGAGE CORPORATION 1 6.88% $10,004
    Synovus Bank 1 6.75% $12,585
    Arvest Bank 1 6.50% $8,090
    TD Bank 1 6.75% $4,406
    The Fidelity Bank 1 6.25% $12,952
    The Huntington National Bank 1 6.13% $13,414
    THE MORTGAGE FIRM, INC. 1 6.50% $11,753
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 5.49% $14,374
    AmRes Corporation 1 5.75% $16,121
    United Bank 1 6.25% $15,663
    UNITED MORTGAGE CORP 1 6.25% $14,263
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 6.75% $21,789
    ALLIED MORTGAGE GROUP, INC. 1 5.75% $15,616
    Advisors Mortgage Group, L.L.C. 1 6.75% $6,343
    FIDELITY DIRECT MORTGAGE, LLC 1 6.75% $8,549

    The top Myrtle Beach FHA lender as defined by loan originations is DHI MORTGAGE COMPANY, LTD., with 444 FHA loans originated. Their average total fees are $7,887, which is $4,246 lower than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Myrtle Beach FHA lenders (with over 10 loans originated) are VILLAGE CAPITAL MORTGAGE ($5,609), LAKEVIEW LOAN SERVICING, LLC ($7,843), DHI MORTGAGE COMPANY, LTD. ($7,887), PULTE MORTGAGE LLC ($7,949) and FBC MORTGAGE, LLC ($8,971).

    The lowest rate Myrtle Beach FHA lenders (with over 10 loans originated) are VELOCIO MORTGAGE L.L.C. (4.68%), DHI MORTGAGE COMPANY, LTD. (5.16%), PULTE MORTGAGE LLC (5.29%), FBC MORTGAGE, LLC (5.33%) and JET HOMELOANS, LLC (5.54%).

    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

    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).