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 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
6.32%
for the week of 2025-04-04, compared to the national average (all FHA variants) of
6.259% for the same period.
Myrtle Beach's average FHA mortgage closing costs are $8,598.
The average rate for the prior week (2025-03-28) was
6.42% and
one month ago for the week of 2025-02-28, the
average rate was 6.61%.
The average rate one year ago was 6.72%.
For refis of the same type during the week of 2025-04-04, the average rate
was 5.87%.
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.
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 |
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 | $227,590 (8.4%) | $283,889 (6.9%) | 0.84 | 4,764 |
| 2018-02-01 | $229,250 (8.4%) | $283,511 (6.3%) | 0.83 | 4,881 |
| 2018-03-01 | $228,990 (5.5%) | $284,602 (5.5%) | 0.80 | 5,069 |
| 2018-04-01 | $229,900 (4.6%) | $288,173 (5.0%) | 0.78 | 5,043 |
| 2018-05-01 | $231,551 (5.3%) | $290,191 (4.8%) | 0.77 | 4,991 |
| 2018-06-01 | $237,900 (6.5%) | $294,509 (3.9%) | 0.79 | 4,944 |
| 2018-07-01 | $239,266 (6.9%) | $295,438 (5.0%) | 0.80 | 4,844 |
| 2018-08-01 | $234,950 (4.4%) | $291,054 (2.1%) | 0.79 | 4,890 |
| 2018-09-01 | $234,900 (4.4%) | $291,255 (2.1%) | 0.79 | 4,828 |
| 2018-10-01 | $232,995 (3.6%) | $289,287 (1.9%) | 0.79 | 4,897 |
| 2018-11-01 | $233,978 (3.5%) | $290,403 (2.1%) | 0.79 | 4,890 |
| 2018-12-01 | $234,800 (3.9%) | $289,535 (1.7%) | 0.81 | 4,847 |
| 2019-01-01 | $234,775 (3.2%) | $288,989 (1.8%) | 0.81 | 4,842 |
| 2019-02-01 | $235,445 (2.7%) | $294,498 (3.9%) | 0.80 | 4,993 |
| 2019-03-01 | $236,162 (3.1%) | $297,343 (4.5%) | 0.77 | 5,096 |
| 2019-04-01 | $237,635 (3.4%) | $301,281 (4.6%) | 0.75 | 5,156 |
| 2019-05-01 | $239,950 (3.6%) | $304,499 (4.9%) | 0.75 | 5,096 |
| 2019-06-01 | $239,900 (0.8%) | $302,562 (2.7%) | 0.75 | 5,064 |
| 2019-07-01 | $239,611 (0.1%) | $300,076 (1.6%) | 0.75 | 5,024 |
| 2019-08-01 | $239,000 (1.7%) | $300,385 (3.2%) | 0.76 | 4,964 |
| 2019-09-01 | $239,000 (1.8%) | $300,197 (3.1%) | 0.76 | 4,937 |
| 2019-10-01 | $238,555 (2.4%) | $299,271 (3.5%) | 0.77 | 4,932 |
| 2019-11-01 | $239,900 (2.5%) | $299,356 (3.1%) | 0.79 | 4,896 |
| 2019-12-01 | $239,900 (2.2%) | $297,752 (2.8%) | 0.80 | 4,779 |
| 2020-01-01 | $236,900 (0.9%) | $296,068 (2.5%) | 0.79 | 4,639 |
| 2020-02-01 | $236,995 (0.7%) | $298,133 (1.2%) | 0.78 | 4,714 |
| 2020-03-01 | $235,633 (-0.2%) | $299,217 (0.6%) | 0.74 | 4,825 |
| 2020-04-01 | $235,000 (-1.1%) | $294,525 (-2.2%) | 0.74 | 5,070 |
| 2020-05-01 | $238,550 (-0.6%) | $299,472 (-1.7%) | 0.73 | 4,895 |
| 2020-06-01 | $239,684 (-0.1%) | $301,861 (-0.2%) | 0.71 | 4,442 |
| 2020-07-01 | $239,900 (0.1%) | $302,703 (0.9%) | 0.70 | 4,238 |
| 2020-08-01 | $239,900 (0.4%) | $302,976 (0.9%) | 0.69 | 4,180 |
| 2020-09-01 | $239,950 (0.4%) | $302,844 (0.9%) | 0.69 | 3,944 |
| 2020-10-01 | $241,550 (1.3%) | $303,496 (1.4%) | 0.69 | 3,754 |
| 2020-11-01 | $244,950 (2.1%) | $305,282 (2.0%) | 0.72 | 3,515 |
| 2020-12-01 | $243,150 (1.4%) | $299,843 (0.7%) | 0.72 | 3,436 |
| 2021-01-01 | $243,070 (2.6%) | $297,149 (0.4%) | 0.73 | 3,169 |
| 2021-02-01 | $244,950 (3.4%) | $301,600 (1.2%) | 0.71 | 2,713 |
| 2021-03-01 | $255,618 (8.5%) | $314,713 (5.2%) | 0.73 | 2,282 |
| 2021-04-01 | $265,912 (13.2%) | $338,944 (15.1%) | 0.72 | 1,882 |
| 2021-05-01 | $279,900 (17.3%) | $364,320 (21.7%) | 0.74 | 1,507 |
| 2021-06-01 | $297,500 (24.1%) | $390,441 (29.3%) | 0.78 | 1,338 |
| 2021-07-01 | $326,470 (36.1%) | $409,458 (35.3%) | 0.86 | 1,411 |
| 2021-08-01 | $334,750 (39.5%) | $411,692 (35.9%) | 0.89 | 1,582 |
| 2021-09-01 | $337,450 (40.6%) | $416,507 (37.5%) | 0.90 | 1,648 |
| 2021-10-01 | $350,000 (44.9%) | $433,793 (42.9%) | 0.93 | 1,690 |
| 2021-11-01 | $356,568 (45.6%) | $440,202 (44.2%) | 0.95 | 1,645 |
| 2021-12-01 | $359,500 (47.9%) | $441,774 (47.3%) | 0.97 | 1,397 |
| 2022-01-01 | $359,900 (48.1%) | $444,663 (49.6%) | 0.97 | 1,312 |
| 2022-02-01 | $377,731 (54.2%) | $471,025 (56.2%) | 0.98 | 1,006 |
| 2022-03-01 | $397,000 (55.3%) | $481,767 (53.1%) | 0.99 | 1,002 |
| 2022-04-01 | $383,295 (44.1%) | $477,631 (40.9%) | 0.91 | 1,175 |
| 2022-05-01 | $374,950 (34.0%) | $469,951 (29.0%) | 0.86 | 1,624 |
| 2022-06-01 | $367,450 (23.5%) | $463,349 (18.7%) | 0.82 | 2,049 |
| 2022-07-01 | $358,900 (9.9%) | $447,229 (9.2%) | 0.81 | 2,538 |
| 2022-08-01 | $359,088 (7.3%) | $440,603 (7.0%) | 0.83 | 2,795 |
| 2022-09-01 | $358,925 (6.4%) | $436,868 (4.9%) | 0.84 | 2,991 |
| 2022-10-01 | $353,858 (1.1%) | $432,779 (-0.2%) | 0.83 | 3,205 |
| 2022-11-01 | $349,937 (-1.9%) | $428,439 (-2.7%) | 0.84 | 3,412 |
| 2022-12-01 | $349,900 (-2.7%) | $423,621 (-4.1%) | 0.86 | 3,441 |
| 2023-01-01 | $349,450 (-2.9%) | $422,320 (-5.0%) | 0.87 | 3,274 |
| 2023-02-01 | $349,945 (-7.4%) | $425,843 (-9.6%) | 0.84 | 3,040 |
| 2023-03-01 | $349,995 (-11.8%) | $426,932 (-11.4%) | 0.83 | 2,925 |
| 2023-04-01 | $349,973 (-8.7%) | $431,956 (-9.6%) | 0.81 | 2,908 |
| 2023-05-01 | $349,900 (-6.7%) | $422,414 (-10.1%) | 0.79 | 3,045 |
| 2023-06-01 | $349,448 (-4.9%) | $420,008 (-9.4%) | 0.79 | 3,126 |
| 2023-07-01 | $339,900 (-5.3%) | $413,348 (-7.6%) | 0.77 | 3,214 |
| 2023-08-01 | $336,450 (-6.3%) | $408,535 (-7.3%) | 0.77 | 3,362 |
| 2023-09-01 | $329,900 (-8.1%) | $403,676 (-7.6%) | 0.77 | 3,451 |
| 2023-10-01 | $329,697 (-6.8%) | $402,675 (-7.0%) | 0.78 | 3,642 |
| 2023-11-01 | $329,000 (-6.0%) | $401,748 (-6.2%) | 0.78 | 3,847 |
| 2023-12-01 | $325,078 (-7.1%) | $400,269 (-5.5%) | 0.79 | 3,961 |
| 2024-01-01 | $325,000 (-7.0%) | $399,078 (-5.5%) | 0.79 | 4,095 |
| 2024-02-01 | $324,900 (-7.2%) | $396,496 (-6.9%) | 0.78 | 4,281 |
| 2024-03-01 | $324,900 (-7.2%) | $396,356 (-7.2%) | 0.76 | 4,508 |
| 2024-04-01 | $324,900 (-7.2%) | $396,971 (-8.1%) | 0.76 | 4,726 |
| 2024-05-01 | $324,900 (-7.1%) | $400,522 (-5.2%) | 0.74 | 4,955 |
| 2024-06-01 | $322,000 (-7.9%) | $400,053 (-4.8%) | 0.73 | 5,052 |
| 2024-07-01 | $324,900 (-4.4%) | $402,045 (-2.7%) | 0.74 | 5,126 |
| 2024-08-01 | $322,998 (-4.0%) | $401,582 (-1.7%) | 0.75 | 5,164 |
| 2024-09-01 | $320,495 (-2.9%) | $399,535 (-1.0%) | 0.75 | 5,316 |
| 2024-10-01 | $319,995 (-2.9%) | $400,202 (-0.6%) | 0.75 | 5,389 |
| 2024-11-01 | $319,900 (-2.8%) | $400,823 (-0.2%) | 0.77 | 5,507 |
| 2024-12-01 | $319,900 (-1.6%) | $402,357 (0.5%) | 0.79 | 5,232 |
| 2025-01-01 | $320,990 (-1.2%) | $407,032 (2.0%) | 0.80 | 5,155 |
| 2025-02-01 | $324,265 (-0.2%) | $407,776 (2.8%) | 0.79 | 5,329 |
| 2025-03-01 | $324,900 (0.0%) | $411,469 (3.8%) | 0.00 | 5,590 |
Myrtle Beach's median listing price comes in at 0% of the national average.
Myrtle Beach's average listing price for 2025-03-01 was $411,469, a difference of $15,113 (3.8%) versus the prior year and $3,693 versus the prior month.
For the 2025-03-01 period, Myrtle Beach had 5,590 MLS listings, a difference of 261 listings (5%) versus the prior month and 1,082 listings (24%) 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 | 94 days | 1,601 sqft |
| 2018-02-01 | 89 days | 1,601 sqft |
| 2018-03-01 | 73 days | 1,601 sqft |
| 2018-04-01 | 72 days | 1,601 sqft |
| 2018-05-01 | 72 days | 1,601 sqft |
| 2018-06-01 | 77 days | 1,601 sqft |
| 2018-07-01 | 86 days | 1,601 sqft |
| 2018-08-01 | 81 days | 1,601 sqft |
| 2018-09-01 | 85 days | 1,601 sqft |
| 2018-10-01 | 88 days | 1,551 sqft |
| 2018-11-01 | 93 days | 1,551 sqft |
| 2018-12-01 | 97 days | 1,551 sqft |
| 2019-01-01 | 90 days | 1,501 sqft |
| 2019-02-01 | 86 days | 1,526 sqft |
| 2019-03-01 | 77 days | 1,380 sqft |
| 2019-04-01 | 74 days | 1,174 sqft |
| 2019-05-01 | 76 days | 1,151 sqft |
| 2019-06-01 | 79 days | 1,151 sqft |
| 2019-07-01 | 80 days | 1,201 sqft |
| 2019-08-01 | 81 days | 1,215 sqft |
| 2019-09-01 | 82 days | 1,235 sqft |
| 2019-10-01 | 83 days | 1,251 sqft |
| 2019-11-01 | 83 days | 1,301 sqft |
| 2019-12-01 | 88 days | 1,401 sqft |
| 2020-01-01 | 95 days | 1,450 sqft |
| 2020-02-01 | 89 days | 1,550 sqft |
| 2020-03-01 | 69 days | 1,550 sqft |
| 2020-04-01 | 75 days | 1,539 sqft |
| 2020-05-01 | 85 days | 1,550 sqft |
| 2020-06-01 | 92 days | 1,550 sqft |
| 2020-07-01 | 77 days | 1,536 sqft |
| 2020-08-01 | 67 days | 1,520 sqft |
| 2020-09-01 | 67 days | 1,504 sqft |
| 2020-10-01 | 68 days | 1,500 sqft |
| 2020-11-01 | 69 days | 1,500 sqft |
| 2020-12-01 | 73 days | 1,479 sqft |
| 2021-01-01 | 75 days | 1,465 sqft |
| 2021-02-01 | 72 days | 1,405 sqft |
| 2021-03-01 | 55 days | 1,403 sqft |
| 2021-04-01 | 52 days | 1,491 sqft |
| 2021-05-01 | 44 days | 1,500 sqft |
| 2021-06-01 | 41 days | 1,509 sqft |
| 2021-07-01 | 36 days | 1,600 sqft |
| 2021-08-01 | 32 days | 1,653 sqft |
| 2021-09-01 | 37 days | 1,671 sqft |
| 2021-10-01 | 39 days | 1,774 sqft |
| 2021-11-01 | 40 days | 1,774 sqft |
| 2021-12-01 | 54 days | 1,779 sqft |
| 2022-01-01 | 59 days | 1,788 sqft |
| 2022-02-01 | 41 days | 1,764 sqft |
| 2022-03-01 | 34 days | 1,766 sqft |
| 2022-04-01 | 26 days | 1,705 sqft |
| 2022-05-01 | 25 days | 1,641 sqft |
| 2022-06-01 | 32 days | 1,618 sqft |
| 2022-07-01 | 38 days | 1,600 sqft |
| 2022-08-01 | 45 days | 1,609 sqft |
| 2022-09-01 | 51 days | 1,618 sqft |
| 2022-10-01 | 58 days | 1,639 sqft |
| 2022-11-01 | 66 days | 1,639 sqft |
| 2022-12-01 | 68 days | 1,653 sqft |
| 2023-01-01 | 77 days | 1,645 sqft |
| 2023-02-01 | 80 days | 1,656 sqft |
| 2023-03-01 | 62 days | 1,677 sqft |
| 2023-04-01 | 52 days | 1,665 sqft |
| 2023-05-01 | 49 days | 1,634 sqft |
| 2023-06-01 | 51 days | 1,618 sqft |
| 2023-07-01 | 54 days | 1,554 sqft |
| 2023-08-01 | 55 days | 1,524 sqft |
| 2023-09-01 | 57 days | 1,500 sqft |
| 2023-10-01 | 59 days | 1,477 sqft |
| 2023-11-01 | 60 days | 1,477 sqft |
| 2023-12-01 | 66 days | 1,468 sqft |
| 2024-01-01 | 68 days | 1,455 sqft |
| 2024-02-01 | 60 days | 1,441 sqft |
| 2024-03-01 | 57 days | 1,437 sqft |
| 2024-04-01 | 60 days | 1,438 sqft |
| 2024-05-01 | 62 days | 1,439 sqft |
| 2024-06-01 | 67 days | 1,450 sqft |
| 2024-07-01 | 72 days | 1,462 sqft |
| 2024-08-01 | 75 days | 1,456 sqft |
| 2024-09-01 | 74 days | 1,452 sqft |
| 2024-10-01 | 74 days | 1,448 sqft |
| 2024-11-01 | 78 days | 1,442 sqft |
| 2024-12-01 | 83 days | 1,439 sqft |
| 2025-01-01 | 86 days | 1,437 sqft |
| 2025-02-01 | 84 days | 1,446 sqft |
| 2025-03-01 | 0 days | 1,450 sqft |
Myrtle Beach's median square footage for active listings during the 2025-03-01 period was 1,450 sqft. One year prior, the average listing was 1,437 sqft.