Myrtle Beach FHA Loans
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 202 lenders originated 3,160 FHA
loans during 2021. The total origination value was $661,710,000, with an average FHA loan value of
$209,402.
Myrtle Beach FHA Loans, 30 Year Fixed Rates
30 Year FHA mortgages in Myrtle Beach
averaged
5.25%
for the week of 2022-05-13, compared to the national average (all FHA variants) of
5.361% for the same period.
The average rate for the prior week (2022-05-06) was
5.28% and
one month ago for the week of 2022-04-08, the
average rate was 4.85%.
The average rate one year ago was 3.05%.
For refis of the same type during the week of 2022-05-13, the average rate
was 4.85%.
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 and rates for FHA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender
at the Myrtle Beach level.
Name |
# of Loans |
2021 Avg. 30yFix Rate |
2021 Avg. Total Fees |
QUICKEN LOANS, LLC
|
402
|
2.68%
|
$6,430
|
GUILD MORTGAGE COMPANY
|
199
|
3.19%
|
$8,533
|
DHI MORTGAGE COMPANY, LTD.
|
110
|
2.78%
|
$7,681
|
LAKEVIEW LOAN SERVICING, LLC
|
105
|
3.00%
|
$4,406
|
T2 FINANCIAL LLC
|
99
|
3.24%
|
$8,497
|
MOVEMENT MORTGAGE, LLC
|
92
|
3.28%
|
$7,049
|
FREEDOM MORTGAGE CORPORATION
|
84
|
2.85%
|
$5,176
|
CALIBER HOME LOANS, INC.
|
72
|
2.84%
|
$6,458
|
GUARANTEED RATE, INC.
|
69
|
3.04%
|
$7,995
|
PENNYMAC LOAN SERVICES, LLC
|
66
|
2.95%
|
$5,244
|
Mr. Cooper ( Nationstar Mortgage )
|
64
|
3.40%
|
$4,105
|
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP
|
52
|
3.13%
|
$10,065
|
UNITED WHOLESALE MORTGAGE, LLC
|
48
|
2.71%
|
$7,127
|
VANDERBILT MORTGAGE AND FINANCE, INC.
|
47
|
3.19%
|
$7,936
|
Alpha Mortgage Corporation
|
44
|
3.14%
|
$7,358
|
US MORTGAGE CORPORATION
|
43
|
3.16%
|
$7,217
|
RESIDENTIAL MORTGAGE SERVICES, INC.
|
41
|
3.09%
|
$7,672
|
EAGLE HOME MORTGAGE, LLC
|
38
|
3.25%
|
$9,393
|
FAIRWAY INDEPENDENT MORTGAGE CORPORATION
|
38
|
3.22%
|
$7,684
|
CMG MORTGAGE, INC.
|
37
|
3.15%
|
$8,827
|
Gateway First Bank
|
37
|
3.25%
|
$6,216
|
LOANDEPOT.COM, LLC
|
34
|
2.77%
|
$8,114
|
ANGEL OAK HOME LOANS LLC
|
33
|
3.02%
|
$7,443
|
ATLANTIC BAY MORTGAGE GROUP, L.L.C.
|
30
|
3.27%
|
$9,104
|
VILLAGE CAPITAL & INVESTMENT LLC
|
26
|
2.92%
|
$2,890
|
PULTE MORTGAGE LLC
|
25
|
3.21%
|
$6,002
|
NEWREZ LLC
|
25
|
2.91%
|
$4,850
|
Platinum Home Mortgage Corporation
|
24
|
3.32%
|
$9,246
|
GUARANTY HOME MORTGAGE CORPORATION
|
20
|
2.88%
|
$7,734
|
HOMESIDE FINANCIAL, LLC
|
18
|
2.97%
|
$8,469
|
HOME POINT FINANCIAL CORPORATION
|
17
|
2.80%
|
$5,815
|
AMERISAVE MORTGAGE CORPORATION
|
17
|
3.13%
|
$7,203
|
Carrington Mortgage Services, LLC
|
17
|
3.49%
|
$8,051
|
HOMEBRIDGE FINANCIAL SERVICES, INC.
|
16
|
3.09%
|
$7,940
|
CROSSCOUNTRY MORTGAGE, LLC
|
15
|
3.16%
|
$9,799
|
MCLEAN MORTGAGE CORPORATION
|
15
|
3.00%
|
$7,727
|
CORNERSTONE HOME LENDING, INC.
|
15
|
3.09%
|
$8,231
|
AMERICAN FINANCIAL NETWORK, INC.
|
15
|
3.19%
|
$9,925
|
BROKER SOLUTIONS, INC.
|
14
|
3.13%
|
$7,601
|
SUN WEST MORTGAGE COMPANY, INC.
|
14
|
3.14%
|
$6,876
|
American Security Mortgage Corp.
|
14
|
2.70%
|
$7,147
|
First Guaranty Mortgage Corporation
|
14
|
3.03%
|
$5,114
|
Princeton Mortgage Corporation
|
13
|
3.17%
|
$8,375
|
SUCCESS MORTGAGE PARTNERS, INC.
|
12
|
2.98%
|
$7,566
|
HIGHLANDS RESIDENTIAL MORTGAGE, LTD.
|
12
|
3.59%
|
$7,571
|
AMERICAN FINANCIAL RESOURCES, INC.
|
12
|
3.38%
|
$6,595
|
Paramount Residential Mortgage Group, Inc.
|
12
|
3.57%
|
$9,328
|
Flagstar Bank, FSB
|
12
|
2.75%
|
$6,370
|
Truist Bank
|
11
|
2.88%
|
$7,542
|
Blue Ridge Bank
|
11
|
3.15%
|
$8,199
|
NFM, INC.
|
11
|
3.43%
|
$10,832
|
South State Bank
|
11
|
2.65%
|
$7,208
|
Lakeview Community Capital, LLC
|
10
|
3.14%
|
$3,814
|
Ameris Bank
|
10
|
2.86%
|
$7,349
|
PLANET HOME LENDING, LLC
|
10
|
3.25%
|
$6,655
|
TIDEWATER MORTGAGE SERVICES, INC.
|
10
|
2.90%
|
$7,905
|
AmeriHome Mortgage Company, LLC
|
10
|
3.18%
|
$4,120
|
ON Q FINANCIAL, INC.
|
9
|
3.24%
|
$8,302
|
Towne Bank
|
9
|
2.86%
|
$7,575
|
GENEVA FINANCIAL, LLC
|
9
|
3.10%
|
$8,460
|
Magnolia Bank
|
8
|
2.97%
|
$6,109
|
UNION HOME MORTGAGE CORP.
|
8
|
3.09%
|
$8,174
|
Bank of England
|
8
|
2.84%
|
$8,085
|
SOUTHWEST FUNDING, LP
|
8
|
3.64%
|
$9,114
|
AMERICAN FINANCING CORPORATION
|
8
|
2.84%
|
$8,672
|
InterContinental Capital Group, Inc
|
8
|
2.84%
|
$6,702
|
CITY FIRST MORTGAGE SERVICES, L.L.C.
|
7
|
3.52%
|
$8,239
|
Nations Lending Corporation
|
7
|
3.32%
|
$7,774
|
Barrington Bank & Trust Company, N.A.
|
7
|
3.64%
|
$8,098
|
RELIANCE FIRST CAPITAL, LLC
|
7
|
3.00%
|
$8,971
|
THE MORTGAGE FIRM, INC.
|
6
|
3.25%
|
$8,200
|
Mortgage Research Center, LLC
|
5
|
3.10%
|
$5,690
|
INSPIRE HOME LOANS INC.
|
5
|
3.25%
|
$7,651
|
JET HOMELOANS, LLC
|
5
|
3.14%
|
$9,060
|
MUTUAL OF OMAHA MORTGAGE, INC.
|
5
|
3.35%
|
$8,106
|
1ST SIGNATURE LENDING, LLC
|
5
|
3.18%
|
$7,966
|
Bank of America
|
5
|
2.85%
|
$7,364
|
OCEANSIDE MORTGAGE COMPANY
|
5
|
3.07%
|
$2,954
|
AMERIFIRST FINANCIAL CORPORATION
|
4
|
3.28%
|
$7,062
|
CALCON MUTUAL MORTGAGE LLC
|
4
|
3.91%
|
$10,498
|
Wells Fargo Bank
|
4
|
3.44%
|
$5,063
|
LEADERONE FINANCIAL CORPORATION
|
4
|
3.34%
|
$8,786
|
Victorian Finance, LLC
|
4
|
3.06%
|
$6,680
|
RAPID MORTGAGE COMPANY
|
4
|
3.06%
|
$9,431
|
United Bank
|
4
|
3.09%
|
$5,946
|
Renasant Bank
|
4
|
2.93%
|
$7,282
|
Citizens Bank
|
4
|
2.63%
|
$7,624
|
Northpointe Bank
|
4
|
2.94%
|
$8,031
|
STEARNS LENDING, LLC
|
4
|
2.78%
|
$8,657
|
NATIONS DIRECT MORTGAGE, LLC
|
4
|
3.38%
|
$8,633
|
EMBRACE HOME LOANS, INC.
|
3
|
3.17%
|
$5,974
|
ROYAL UNITED MORTGAGE LLC
|
3
|
3.13%
|
$9,496
|
SUMMIT FUNDING, INC.
|
3
|
3.25%
|
$8,931
|
Synovus Bank
|
3
|
3.00%
|
$7,645
|
RESOURCE FINANCIAL SERVICES, INC.
|
3
|
2.58%
|
$8,033
|
CHURCHILL MORTGAGE CORPORATION
|
3
|
2.71%
|
$8,058
|
The Federal Savings Bank
|
3
|
2.71%
|
$11,597
|
CERTAINTY HOME LOANS, LLC
|
3
|
3.13%
|
$7,959
|
TOTAL MORTGAGE SERVICES, LLC
|
3
|
3.33%
|
$7,995
|
HOMESTEAD FUNDING CORP.
|
3
|
3.17%
|
$5,872
|
INTERCOASTAL MORTGAGE COMPANY
|
3
|
2.96%
|
$7,198
|
POLARIS HOME FUNDING CORP.
|
3
|
3.17%
|
$12,038
|
NATION ONE MORTGAGE CORPORATION
|
3
|
3.42%
|
$7,802
|
JET DIRECT FUNDING CORP
|
3
|
2.79%
|
$7,948
|
JPMorgan Chase Bank
|
3
|
2.71%
|
$3,791
|
Prosperity Home Mortgage, LLC
|
3
|
3.58%
|
$6,961
|
MORIA DEVELOPMENT, INC.
|
3
|
3.25%
|
$8,361
|
LAND HOME FINANCIAL SERVICES, INC.
|
3
|
3.33%
|
$7,647
|
LENDUS, LLC
|
3
|
3.63%
|
$6,709
|
MLD MORTGAGE INC.
|
3
|
2.75%
|
$7,114
|
LOANPAL, LLC
|
3
|
2.58%
|
$11,032
|
PRIMARY RESIDENTIAL MORTGAGE, INC.
|
3
|
4.00%
|
$6,490
|
ZILLOW HOME LOANS, LLC
|
2
|
3.06%
|
$7,410
|
ACADEMY MORTGAGE CORPORATION
|
2
|
3.75%
|
$7,391
|
AMERICAN PACIFIC MORTGAGE CORPORATION
|
2
|
2.63%
|
$6,394
|
BAY EQUITY LLC
|
2
|
3.19%
|
$7,502
|
CityWorth Mortgage LLC
|
2
|
2.75%
|
$6,446
|
DRAPER AND KRAMER MORTGAGE CORP.
|
2
|
3.06%
|
$9,224
|
East Coast Capital Corp.
|
2
|
3.00%
|
$8,990
|
Equity Prime Mortgage LLC
|
2
|
2.81%
|
$5,352
|
EQUITY RESOURCES, INC.
|
2
|
2.75%
|
$8,151
|
EVERETT FINANCIAL, INC.
|
2
|
3.13%
|
$6,076
|
FAMILY FIRST FUNDING LLC
|
2
|
2.94%
|
$8,722
|
FINANCE OF AMERICA MORTGAGE LLC
|
2
|
3.13%
|
$7,793
|
First-Citizens Bank & Trust Company
|
2
|
3.06%
|
$7,482
|
First Federal Bank
|
2
|
2.81%
|
$7,205
|
First Reliance Bank
|
2
|
2.88%
|
$7,921
|
Florida Capital Bank
|
2
|
2.94%
|
$7,795
|
GoPrime Mortgage, Inc.
|
2
|
3.00%
|
$11,059
|
HOMESPIRE MORTGAGE CORPORATION
|
2
|
3.06%
|
$9,121
|
HOMESTAR FINANCIAL CORPORATION
|
2
|
2.94%
|
$6,855
|
INTERLINC MORTGAGE SERVICES, LLC
|
2
|
3.88%
|
$8,808
|
MIDLAND MORTGAGE CORPORATION
|
2
|
3.75%
|
$7,155
|
MORTGAGE SOLUTIONS OF COLORADO, LLC
|
2
|
4.50%
|
$6,790
|
PNC Bank
|
2
|
2.69%
|
$8,908
|
RUOFF MORTGAGE COMPANY, INC.
|
2
|
3.19%
|
$7,152
|
SOUTHERN TRUST MORTGAGE, LLC
|
2
|
3.00%
|
$3,372
|
TBI MORTGAGE COMPANY
|
2
|
2.81%
|
$9,546
|
The Huntington National Bank
|
2
|
3.13%
|
$5,668
|
TIAA, FSB
|
2
|
3.38%
|
$7,218
|
TOWNE MORTGAGE COMPANY
|
2
|
3.63%
|
$8,468
|
UNITED SECURITY FINANCIAL CORP
|
2
|
3.00%
|
$7,034
|
Wyndham Capital Mortgage, Inc.
|
2
|
2.56%
|
$6,363
|
1ST FINANCIAL, INC.
|
2
|
2.75%
|
$7,185
|
Manufacturers and Traders Trust Company
|
1
|
3.13%
|
$7,251
|
PREMIER LENDING, INC.
|
1
|
2.75%
|
$7,346
|
Low VA Rates, LLC
|
1
|
2.50%
|
$3,314
|
PRIMELENDING, A PLAINSCAPITAL COMPANY
|
1
|
2.99%
|
$10,697
|
LIBERTY HOME MORTGAGE CORPORATION
|
1
|
3.13%
|
$6,868
|
Kwik Mortgage Corporation
|
1
|
2.25%
|
$6,986
|
JMAC LENDING, INC.
|
1
|
3.13%
|
$9,351
|
Ixonia Bank
|
1
|
3.00%
|
$9,211
|
INLAND BANK & TRUST
|
1
|
3.25%
|
$9,434
|
Hometown Lenders, Inc.
|
1
|
3.25%
|
$7,257
|
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION
|
1
|
2.75%
|
$10,212
|
George Mason Mortgage, LLC
|
1
|
2.63%
|
$6,302
|
F&M Bank
|
1
|
2.63%
|
$6,667
|
ROUNDPOINT MORTGAGE SERVICING CORPORATION
|
1
|
3.38%
|
$8,600
|
First Horizon Bank
|
1
|
2.63%
|
$10,355
|
AMERICAN FEDERAL MORTGAGE CORPORATION
|
1
|
2.50%
|
$6,451
|
SECURITYNATIONAL MORTGAGE COMPANY
|
1
|
3.13%
|
$7,472
|
SIGNATURE MORTGAGE CORPORATION
|
1
|
0.00%
|
$6,599
|
SIRVA MORTGAGE, INC.
|
1
|
3.50%
|
$6,471
|
ALLIED MORTGAGE GROUP, INC.
|
1
|
2.88%
|
$6,201
|
First Heritage Mortgage, LLC
|
1
|
3.88%
|
$8,452
|
FAIR WAY LENDING LLC
|
1
|
3.63%
|
$7,271
|
SOUTHWEST STAGE FUNDING, LLC
|
1
|
3.75%
|
$2,843
|
SOVEREIGN LENDING GROUP INCORPORATED
|
1
|
3.25%
|
$9,778
|
DEVELOPER'S MORTGAGE COMPANY
|
1
|
2.88%
|
$9,025
|
Strong Home Mortgage, LLC
|
1
|
2.25%
|
$6,837
|
DATA MORTGAGE, INC.
|
1
|
2.63%
|
$11,053
|
DAS Acquisition Company, LLC
|
1
|
2.88%
|
$7,940
|
CRESCENT MORTGAGE COMPANY
|
1
|
2.75%
|
$7,570
|
SWBC MORTGAGE CORPORATION
|
1
|
3.25%
|
$5,444
|
Colten Mortgage, LLC
|
1
|
3.13%
|
$4,158
|
Colonial Savings, F.A.
|
1
|
2.63%
|
$3,086
|
Alcova Mortgage LLC
|
1
|
3.25%
|
$8,338
|
Texana Bank
|
1
|
2.75%
|
$7,372
|
Chickasaw Community Bank
|
1
|
2.88%
|
$6,709
|
ACOPIA, LLC
|
1
|
3.25%
|
$6,581
|
C & F Mortgage Corporation
|
1
|
2.25%
|
$4,230
|
THRIVE MORTGAGE, LLC
|
1
|
2.75%
|
$5,041
|
Waterstone Mortgage Corporation
|
1
|
3.88%
|
$6,901
|
CELEBRITY HOME LOANS, LLC
|
1
|
3.25%
|
$8,263
|
CAPITAL CENTER, L.L.C.
|
1
|
2.88%
|
$2,425
|
BNC National Bank
|
1
|
2.75%
|
$12,356
|
ABSOLUTE HOME MORTGAGE CORPORATION
|
1
|
2.63%
|
$7,002
|
BAYSHORE MORTGAGE FUNDING, LLC
|
1
|
3.75%
|
$12,024
|
Atlantic Coast Mortgage, LLC
|
1
|
2.50%
|
$7,523
|
Assurance Financial Group, L.L.C.
|
1
|
3.00%
|
$9,018
|
WESTERN EXPRESS LENDING
|
1
|
2.99%
|
$6,609
|
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC
|
1
|
2.75%
|
$7,998
|
OCMBC, INC.
|
1
|
2.63%
|
$8,669
|
NATIONWIDE MORTGAGE BANKERS, INC.
|
1
|
2.75%
|
$6,056
|
MORTGAGE INVESTORS GROUP, INC.
|
1
|
3.25%
|
$5,606
|
MILEND, INC.
|
1
|
2.25%
|
$12,755
|
Peoples Bank
|
1
|
3.50%
|
$8,603
|
Plains Commerce Bank
|
1
|
2.63%
|
$8,914
|
MID AMERICA MORTGAGE, INC.
|
1
|
3.38%
|
$4,786
|
MDE Home Loans, LLC
|
1
|
2.75%
|
$6,662
|
PLAZA HOME MORTGAGE, INC.
|
1
|
3.13%
|
$2,625
|
Univest Bank and Trust Co.
|
1
|
3.00%
|
$6,835
|
The top Myrtle Beach FHA lender as defined by loan originations is QUICKEN LOANS, LLC, with
402 FHA loans originated. Their average total fees are
$6,430, which is $2,103
lower than the next largest lender,
GUILD MORTGAGE COMPANY.
The lowest fee Myrtle Beach FHA lenders (with over 10 loans originated) are
VILLAGE CAPITAL & INVESTMENT LLC ($2,890), Lakeview Community Capital, LLC ($3,814), Mr. Cooper ( Nationstar Mortgage ) ($4,105), AmeriHome Mortgage Company, LLC ($4,120) and LAKEVIEW LOAN SERVICING, LLC ($4,406).
The lowest rate Myrtle Beach FHA lenders (with over 10 loans originated) are
South State Bank (2.65%), QUICKEN LOANS, LLC (2.68%), American Security Mortgage Corp. (2.70%), UNITED WHOLESALE MORTGAGE, LLC (2.71%) and Flagstar Bank, FSB (2.75%).
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 |
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 |
$249,067 (8.3%) |
$325,760 (8.8%) |
0.92 |
6,916 |
2018-02-01 |
$249,450 (6.4%) |
$323,559 (7.2%) |
0.90 |
7,101 |
2018-03-01 |
$249,900 (5.3%) |
$325,985 (6.1%) |
0.86 |
7,326 |
2018-04-01 |
$250,000 (4.2%) |
$332,969 (5.2%) |
0.84 |
7,343 |
2018-05-01 |
$255,900 (6.3%) |
$336,200 (5.1%) |
0.85 |
7,278 |
2018-06-01 |
$259,999 (6.6%) |
$340,723 (5.6%) |
0.87 |
7,195 |
2018-07-01 |
$264,700 (6.3%) |
$341,718 (4.6%) |
0.88 |
7,031 |
2018-08-01 |
$259,900 (4.2%) |
$338,497 (3.2%) |
0.87 |
7,075 |
2018-09-01 |
$259,900 (4.0%) |
$338,196 (2.8%) |
0.87 |
7,017 |
2018-10-01 |
$250,755 (0.4%) |
$330,672 (0.7%) |
0.84 |
7,028 |
2018-11-01 |
$254,450 (2.2%) |
$329,135 (0.0%) |
0.85 |
7,018 |
2018-12-01 |
$254,900 (2.4%) |
$326,874 (-0.5%) |
0.87 |
6,935 |
2019-01-01 |
$254,995 (2.4%) |
$325,631 (0.0%) |
0.88 |
6,828 |
2019-02-01 |
$256,408 (2.8%) |
$328,439 (1.5%) |
0.86 |
7,099 |
2019-03-01 |
$258,129 (3.3%) |
$332,081 (1.9%) |
0.84 |
7,337 |
2019-04-01 |
$262,400 (5.0%) |
$337,188 (1.3%) |
0.83 |
7,555 |
2019-05-01 |
$265,928 (3.9%) |
$342,518 (1.9%) |
0.82 |
7,535 |
2019-06-01 |
$265,000 (1.9%) |
$342,684 (0.6%) |
0.82 |
7,504 |
2019-07-01 |
$263,875 (-0.3%) |
$341,237 (-0.1%) |
0.82 |
7,495 |
2019-08-01 |
$266,243 (2.4%) |
$343,840 (1.6%) |
0.84 |
7,295 |
2019-09-01 |
$269,300 (3.6%) |
$345,575 (2.2%) |
0.86 |
7,133 |
2019-10-01 |
$268,000 (6.9%) |
$343,157 (3.8%) |
0.85 |
7,270 |
2019-11-01 |
$265,000 (4.2%) |
$342,474 (4.1%) |
0.86 |
7,223 |
2019-12-01 |
$265,000 (4.0%) |
$343,142 (5.0%) |
0.88 |
6,993 |
2020-01-01 |
$259,900 (1.9%) |
$339,027 (4.1%) |
0.87 |
6,786 |
2020-02-01 |
$262,900 (2.5%) |
$339,849 (3.5%) |
0.85 |
6,842 |
2020-03-01 |
$261,505 (1.3%) |
$341,662 (2.9%) |
0.82 |
7,001 |
2020-04-01 |
$259,900 (-1.0%) |
$337,509 (0.1%) |
0.81 |
7,318 |
2020-05-01 |
$262,560 (-1.3%) |
$341,331 (-0.4%) |
0.80 |
7,046 |
2020-06-01 |
$264,900 (0.0%) |
$342,748 (0.0%) |
0.77 |
6,316 |
2020-07-01 |
$261,200 (-1.0%) |
$343,444 (0.7%) |
0.75 |
5,934 |
2020-08-01 |
$259,900 (-2.4%) |
$341,272 (-0.8%) |
0.74 |
5,684 |
2020-09-01 |
$259,900 (-3.5%) |
$344,550 (-0.3%) |
0.74 |
5,334 |
2020-10-01 |
$260,900 (-2.7%) |
$348,509 (1.6%) |
0.75 |
5,093 |
2020-11-01 |
$263,500 (-0.6%) |
$348,086 (1.6%) |
0.75 |
4,818 |
2020-12-01 |
$259,900 (-1.9%) |
$342,888 (-0.1%) |
0.76 |
4,723 |
2021-01-01 |
$259,900 (0.0%) |
$340,193 (0.3%) |
0.76 |
4,308 |
2021-02-01 |
$262,120 (-0.3%) |
$344,690 (1.4%) |
0.75 |
3,699 |
2021-03-01 |
$273,285 (4.5%) |
$362,506 (6.1%) |
0.77 |
3,123 |
2021-04-01 |
$290,995 (12.0%) |
$384,198 (13.8%) |
0.78 |
2,611 |
2021-05-01 |
$319,500 (21.7%) |
$420,725 (23.3%) |
0.84 |
2,042 |
2021-06-01 |
$337,250 (27.3%) |
$443,836 (29.5%) |
0.88 |
1,938 |
2021-07-01 |
$359,008 (37.5%) |
$459,764 (33.9%) |
0.93 |
2,015 |
2021-08-01 |
$364,020 (40.1%) |
$464,709 (36.2%) |
0.96 |
2,294 |
2021-09-01 |
$359,950 (38.5%) |
$460,648 (33.7%) |
0.95 |
2,421 |
2021-10-01 |
$369,000 (41.4%) |
$471,759 (35.4%) |
0.97 |
2,435 |
2021-11-01 |
$368,200 (39.7%) |
$471,170 (35.4%) |
0.97 |
2,375 |
2021-12-01 |
$371,687 (43.0%) |
$475,067 (38.6%) |
0.99 |
2,074 |
2022-01-01 |
$375,500 (44.5%) |
$480,860 (41.4%) |
1.00 |
1,829 |
2022-02-01 |
$395,165 (50.8%) |
$517,048 (50.0%) |
1.01 |
1,384 |
2022-03-01 |
$399,900 (46.3%) |
$529,625 (46.1%) |
0.99 |
1,372 |
2022-04-01 |
$399,000 (37.1%) |
$528,811 (37.6%) |
0.94 |
1,593 |
Myrtle Beach's median listing price for 2022-04-01 was $399,000, a difference of
$108,005
(37.1%) versus the prior year and
$-900 versus the prior month.
Myrtle Beach's median listing price comes in at 94% of the national average.
Myrtle Beach's average listing price for 2022-04-01 was $528,811, a difference of
$144,613
(37.6%) versus the prior year and
$-814 versus the prior month.
For the 2022-04-01 period, Myrtle Beach had 1,593 MLS listings, a difference of
221 listings
(16%)
versus the prior month and
-1,018 listings
(-39%)
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 |
108 days |
1,701 sqft |
2018-02-01 |
104 days |
1,701 sqft |
2018-03-01 |
95 days |
1,701 sqft |
2018-04-01 |
82 days |
1,701 sqft |
2018-05-01 |
82 days |
1,701 sqft |
2018-06-01 |
89 days |
1,701 sqft |
2018-07-01 |
96 days |
1,701 sqft |
2018-08-01 |
94 days |
1,701 sqft |
2018-09-01 |
100 days |
1,701 sqft |
2018-10-01 |
103 days |
1,651 sqft |
2018-11-01 |
105 days |
1,651 sqft |
2018-12-01 |
115 days |
1,689 sqft |
2019-01-01 |
107 days |
1,651 sqft |
2019-02-01 |
101 days |
1,651 sqft |
2019-03-01 |
91 days |
1,544 sqft |
2019-04-01 |
82 days |
1,410 sqft |
2019-05-01 |
87 days |
1,407 sqft |
2019-06-01 |
91 days |
1,429 sqft |
2019-07-01 |
93 days |
1,414 sqft |
2019-08-01 |
98 days |
1,433 sqft |
2019-09-01 |
99 days |
1,451 sqft |
2019-10-01 |
97 days |
1,451 sqft |
2019-11-01 |
98 days |
1,488 sqft |
2019-12-01 |
104 days |
1,546 sqft |
2020-01-01 |
106 days |
1,601 sqft |
2020-02-01 |
103 days |
1,689 sqft |
2020-03-01 |
87 days |
1,667 sqft |
2020-04-01 |
85 days |
1,651 sqft |
2020-05-01 |
94 days |
1,701 sqft |
2020-06-01 |
102 days |
1,748 sqft |
2020-07-01 |
102 days |
1,704 sqft |
2020-08-01 |
84 days |
1,667 sqft |
2020-09-01 |
79 days |
1,657 sqft |
2020-10-01 |
80 days |
1,654 sqft |
2020-11-01 |
79 days |
1,652 sqft |
2020-12-01 |
80 days |
1,631 sqft |
2021-01-01 |
87 days |
1,618 sqft |
2021-02-01 |
84 days |
1,618 sqft |
2021-03-01 |
66 days |
1,623 sqft |
2021-04-01 |
62 days |
1,665 sqft |
2021-05-01 |
55 days |
1,700 sqft |
2021-06-01 |
46 days |
1,704 sqft |
2021-07-01 |
42 days |
1,738 sqft |
2021-08-01 |
37 days |
1,762 sqft |
2021-09-01 |
41 days |
1,773 sqft |
2021-10-01 |
45 days |
1,850 sqft |
2021-11-01 |
47 days |
1,822 sqft |
2021-12-01 |
57 days |
1,824 sqft |
2022-01-01 |
65 days |
1,836 sqft |
2022-02-01 |
56 days |
1,830 sqft |
2022-03-01 |
41 days |
1,813 sqft |
2022-04-01 |
32 days |
1,739 sqft |
Myrtle Beach's median listing age (time on market) for 2022-04-01 was 32 days.
This
is -48%
shorter
than the same period one year ago.
Myrtle Beach's median square footage for active listings during the 2022-04-01 period was
1,739 sqft. One year prior, the average listing was
1,665 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).