New Bern FHA Loan Rates, Closing Costs & Stats

NEW BERN, 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.

    New Bern's 62 lenders originated 344 FHA loans during 2024. The total origination value was $79,670,000, with an average FHA loan value of $231,599.

    New Bern FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in New Bern averaged 6.41% for the week of 2025-05-23, compared to the national average (all FHA variants) of 6.612% for the same period.

    New Bern's average FHA mortgage closing costs are $7,402.

    The average rate for the prior week (2025-05-16) was 6.44% and one month ago for the week of 2025-04-18, the average rate was 6.56%.

    The average rate one year ago was 6.54%.

    For refis of the same type during the week of 2025-05-23, the average rate was 6.26%.

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

    New Bern 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 New Bern level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 47 6.63% $11,393
    QUICKEN LOANS, LLC 38 6.44% $10,149
    UNITED WHOLESALE MORTGAGE, LLC 16 5.89% $13,366
    GUARANTEED RATE, INC. 16 6.29% $10,747
    DHI MORTGAGE COMPANY, LTD. 16 4.99% $7,569
    MOVEMENT MORTGAGE, LLC 10 6.78% $10,714
    FREEDOM MORTGAGE CORPORATION 9 6.42% $11,928
    CROSSCOUNTRY MORTGAGE, LLC 8 6.81% $10,456
    NEWREZ LLC 8 6.42% $8,048
    LOANDEPOT.COM, LLC 7 6.59% $8,260
    MUTUAL OF OMAHA MORTGAGE, INC. 6 6.58% $12,155
    First-Citizens Bank & Trust Company 6 5.98% $9,095
    SWBC MORTGAGE CORPORATION 6 6.44% $7,901
    American Security Mortgage Corp. 6 6.39% $10,319
    CORNERSTONE HOME LENDING, INC. 5 6.88% $9,191
    PNC Bank 4 6.16% $11,126
    BROKER SOLUTIONS, INC. 3 7.04% $8,593
    Truist 3 6.28% $9,648
    GUILD MORTGAGE COMPANY 3 6.75% $6,985
    PENNYMAC LOAN SERVICES, LLC 2 6.25% $9,612
    Mortgage Research Center, LLC 2 6.75% $5,480
    Mr. Cooper ( Nationstar Mortgage ) 2 6.50% $21,538
    AMERICAN FINANCING CORPORATION 2 5.94% $11,204
    NETWORK CAPITAL FUNDING CORPORATION 2 5.19% $8,284
    AMERISAVE MORTGAGE CORPORATION 2 6.31% $14,794
    AMERICAN FINANCIAL RESOURCES, INC. 2 7.19% $8,753
    CARDINAL FINANCIAL 2 6.75% $11,292
    RELIANCE FIRST CAPITAL, LLC 2 6.69% $11,348
    Carrington Mortgage Services, LLC 2 6.56% $7,634
    UNION HOME MORTGAGE CORP. 2 6.81% $9,066
    United Bank 2 6.44% $7,120
    ZILLOW HOME LOANS, LLC 1 7.25% $8,327
    Alcova Mortgage LLC 1 7.13% $11,101
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 5.99% $12,509
    AmeriHome Mortgage Company, LLC 1 6.63% $4,869
    Ameris Bank 1 6.75% $7,441
    Bank of America 1 6.88% $13,537
    BAY EQUITY LLC 1 6.13% $13,606
    BOKF 1 6.63% $16,652
    Citizens Bank 1 6.63% $9,302
    CMG MORTGAGE, INC. 1 6.25% $12,344
    Corporate Investors Mortgage Group, Inc. 1 6.75% $5,945
    DATA MORTGAGE, INC. 1 6.25% $6,282
    East Coast Capital Corp. 1 7.25% $19,701
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 6.75% $9,303
    FBC MORTGAGE, LLC 1 3.99% $8,686
    Gateway First Bank 1 6.75% $8,211
    HOMEBRIDGE FINANCIAL SERVICES, INC. 1 6.25% $5,705
    Integrity Home Mortgage Corp 1 6.13% $13,777
    INTERCOASTAL MORTGAGE COMPANY 1 7.00% $9,128
    LIBERTY HOME MORTGAGE CORPORATION 1 7.38% $16,579
    MID AMERICA MORTGAGE, INC. 1 6.00% $2,853
    Nations Lending Corporation 1 5.63% $12,624
    NEW DAY FINANCIAL, LLC 1 7.50% $6,696
    Paramount Residential Mortgage Group, Inc. 1 6.75% $8,792
    PLANET HOME LENDING, LLC 1 5.99% $6,624
    PRIMARY RESIDENTIAL MORTGAGE, INC. 1 6.25% $0
    STOCKTON MORTGAGE CORPORATION 1 6.25% $14,683
    T2 FINANCIAL LLC 1 7.13% $9,801
    TIDEWATER MORTGAGE SERVICES, INC. 1 6.13% $8,616
    VILLAGE CAPITAL MORTGAGE 1 7.00% $2,824
    Acre Mortgage and Financial Inc 1 6.63% $19,550

    The top New Bern FHA lender as defined by loan originations is ATLANTIC BAY MORTGAGE GROUP, L.L.C., with 47 FHA loans originated. Their average total fees are $11,393, which is $1,244 higher than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee New Bern FHA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. ($7,569), QUICKEN LOANS, LLC ($10,149), MOVEMENT MORTGAGE, LLC ($10,714), GUARANTEED RATE, INC. ($10,747) and ATLANTIC BAY MORTGAGE GROUP, L.L.C. ($11,393).

    The lowest rate New Bern FHA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (4.99%), UNITED WHOLESALE MORTGAGE, LLC (5.89%), GUARANTEED RATE, INC. (6.29%), QUICKEN LOANS, LLC (6.44%) and ATLANTIC BAY MORTGAGE GROUP, L.L.C. (6.63%).

    New Bern FHA Loan Limits

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

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - New Bern (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 $194,925 (6.2%) $246,422 (3.1%) 0.00 758
    2018-02-01 $192,700 (-2.4%) $242,828 (-2.6%) 0.00 748
    2018-03-01 $195,900 (-5.1%) $249,954 (-1.6%) 0.00 750
    2018-04-01 $198,725 (-3.8%) $255,124 (-0.7%) 0.00 791
    2018-05-01 $198,475 (-4.4%) $252,696 (-3.7%) 0.00 831
    2018-06-01 $200,000 (-4.1%) $256,215 (-2.8%) 0.00 837
    2018-07-01 $208,850 (2.4%) $254,440 (-3.2%) 0.00 819
    2018-08-01 $207,450 (1.2%) $256,363 (-3.4%) 0.00 810
    2018-09-01 $206,250 (3.1%) $256,815 (-2.9%) 0.00 749
    2018-10-01 $209,875 (3.9%) $260,439 (-3.7%) 0.00 582
    2018-11-01 $214,100 (7.6%) $261,450 (2.4%) 0.00 535
    2018-12-01 $218,250 (11.9%) $262,666 (6.3%) 0.00 498
    2019-01-01 $223,380 (14.6%) $262,544 (6.5%) 0.00 454
    2019-02-01 $229,088 (18.9%) $274,253 (12.9%) 0.00 456
    2019-03-01 $232,657 (18.8%) $281,231 (12.5%) 0.00 520
    2019-04-01 $236,908 (19.2%) $286,539 (12.3%) 0.00 566
    2019-05-01 $242,705 (22.3%) $294,889 (16.7%) 0.00 598
    2019-06-01 $242,610 (21.3%) $293,590 (14.6%) 0.00 670
    2019-07-01 $239,950 (14.9%) $292,142 (14.8%) 0.00 718
    2019-08-01 $237,173 (14.3%) $288,121 (12.4%) 0.00 737
    2019-09-01 $233,082 (13.0%) $284,637 (10.8%) 0.00 738
    2019-10-01 $230,400 (9.8%) $283,346 (8.8%) 0.00 733
    2019-11-01 $229,900 (7.4%) $284,877 (9.0%) 0.00 740
    2019-12-01 $225,000 (3.1%) $284,987 (8.5%) 0.00 716
    2020-01-01 $225,000 (0.7%) $284,623 (8.4%) 0.00 688
    2020-02-01 $229,900 (0.4%) $289,513 (5.6%) 0.00 675
    2020-03-01 $235,000 (1.0%) $297,217 (5.7%) 0.00 658
    2020-04-01 $236,625 (-0.1%) $294,566 (2.8%) 0.00 675
    2020-05-01 $241,900 (-0.3%) $305,849 (3.7%) 0.00 628
    2020-06-01 $249,400 (2.8%) $317,873 (8.3%) 0.00 565
    2020-07-01 $246,300 (2.7%) $319,337 (9.3%) 0.00 530
    2020-08-01 $248,850 (4.9%) $320,702 (11.3%) 0.00 461
    2020-09-01 $249,000 (6.8%) $329,249 (15.7%) 0.00 405
    2020-10-01 $245,000 (6.3%) $331,698 (17.1%) 0.00 398
    2020-11-01 $247,000 (7.4%) $335,307 (17.7%) 0.00 391
    2020-12-01 $239,000 (6.2%) $326,890 (14.7%) 0.00 361
    2021-01-01 $239,890 (6.6%) $329,185 (15.7%) 0.00 313
    2021-02-01 $257,438 (12.0%) $346,731 (19.8%) 0.00 292
    2021-03-01 $257,700 (9.7%) $334,155 (12.4%) 0.00 278
    2021-04-01 $264,760 (11.9%) $332,957 (13.0%) 0.00 268
    2021-05-01 $280,900 (16.1%) $352,412 (15.2%) 0.00 259
    2021-06-01 $280,400 (12.4%) $346,973 (9.2%) 0.00 253
    2021-07-01 $273,450 (11.0%) $341,497 (6.9%) 0.00 271
    2021-08-01 $275,450 (10.7%) $343,858 (7.2%) 0.00 276
    2021-09-01 $273,368 (9.8%) $350,128 (6.3%) 0.00 251
    2021-10-01 $289,925 (18.3%) $370,371 (11.7%) 0.00 253
    2021-11-01 $299,225 (21.1%) $389,577 (16.2%) 0.00 232
    2021-12-01 $310,000 (29.7%) $398,072 (21.8%) 0.00 219
    2022-01-01 $307,500 (28.2%) $409,097 (24.3%) 0.00 192
    2022-02-01 $314,233 (22.1%) $405,665 (17.0%) 0.00 158
    2022-03-01 $317,500 (23.2%) $420,079 (25.7%) 0.00 140
    2022-04-01 $311,000 (17.5%) $420,612 (26.3%) 0.00 145
    2022-05-01 $325,000 (15.7%) $419,810 (19.1%) 0.00 170
    2022-06-01 $325,225 (16.0%) $422,196 (21.7%) 0.00 200
    2022-07-01 $329,950 (20.7%) $421,787 (23.5%) 0.00 255
    2022-08-01 $334,025 (21.3%) $405,819 (18.0%) 0.00 249
    2022-09-01 $335,500 (22.7%) $410,582 (17.3%) 0.00 245
    2022-10-01 $330,990 (14.2%) $406,553 (9.8%) 0.00 256
    2022-11-01 $328,648 (9.8%) $416,224 (6.8%) 0.00 259
    2022-12-01 $325,000 (4.8%) $405,860 (2.0%) 0.00 247
    2023-01-01 $325,220 (5.8%) $404,120 (-1.2%) 0.00 241
    2023-02-01 $337,250 (7.3%) $412,751 (1.8%) 0.00 226
    2023-03-01 $346,620 (9.2%) $410,557 (-2.3%) 0.00 208
    2023-04-01 $359,750 (15.7%) $430,049 (2.2%) 0.00 223
    2023-05-01 $362,498 (11.5%) $429,311 (2.3%) 0.00 282
    2023-06-01 $369,598 (13.6%) $427,453 (1.3%) 0.00 339
    2023-07-01 $355,000 (7.6%) $418,094 (-0.9%) 0.00 328
    2023-08-01 $359,888 (7.7%) $424,160 (4.5%) 0.00 340
    2023-09-01 $362,700 (8.1%) $424,926 (3.5%) 0.00 339
    2023-10-01 $369,450 (11.6%) $420,569 (3.5%) 0.00 383
    2023-11-01 $363,873 (10.7%) $422,003 (1.4%) 0.00 440
    2023-12-01 $356,000 (9.5%) $405,546 (-0.1%) 0.00 443
    2024-01-01 $360,000 (10.7%) $425,760 (5.4%) 0.00 442
    2024-02-01 $355,950 (5.5%) $420,125 (1.8%) 0.00 431
    2024-03-01 $354,460 (2.3%) $426,693 (3.9%) 0.00 432
    2024-04-01 $351,500 (-2.3%) $426,514 (-0.8%) 0.00 401
    2024-05-01 $349,500 (-3.6%) $419,754 (-2.2%) 0.00 383
    2024-06-01 $356,550 (-3.5%) $442,549 (3.5%) 0.00 386
    2024-07-01 $355,510 (0.1%) $439,692 (5.2%) 0.00 412
    2024-08-01 $354,050 (-1.6%) $442,741 (4.4%) 0.00 407
    2024-09-01 $348,240 (-4.0%) $439,401 (3.4%) 0.00 432
    2024-10-01 $350,388 (-5.2%) $440,337 (4.7%) 0.00 424
    2024-11-01 $354,425 (-2.6%) $439,405 (4.1%) 0.00 442
    2024-12-01 $356,275 (0.1%) $426,475 (5.2%) 0.00 427
    2025-01-01 $357,725 (-0.6%) $437,767 (2.8%) 0.00 384
    2025-02-01 $354,863 (-0.3%) $440,766 (4.9%) 0.00 422
    2025-03-01 $350,500 (-1.1%) $432,417 (1.3%) 0.00 454
    2025-04-01 $352,985 (0.4%) $434,104 (1.8%) 0.00 499
    New Bern's median listing price for 2025-04-01 was $352,985, a difference of $1,485 (0.4%) versus the prior year and $2,485 versus the prior month.

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

    New Bern's average listing price for 2025-04-01 was $434,104, a difference of $7,590 (1.8%) versus the prior year and $1,687 versus the prior month.

    For the 2025-04-01 period, New Bern had 499 MLS listings, a difference of 45 listings (10%) versus the prior month and 98 listings (24%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - New Bern (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,888 sqft
    2018-02-01 0 days 1,869 sqft
    2018-03-01 0 days 1,865 sqft
    2018-04-01 0 days 1,850 sqft
    2018-05-01 0 days 1,854 sqft
    2018-06-01 0 days 1,836 sqft
    2018-07-01 0 days 1,838 sqft
    2018-08-01 0 days 1,834 sqft
    2018-09-01 0 days 1,836 sqft
    2018-10-01 0 days 1,855 sqft
    2018-11-01 0 days 1,900 sqft
    2018-12-01 0 days 1,902 sqft
    2019-01-01 0 days 1,906 sqft
    2019-02-01 0 days 1,945 sqft
    2019-03-01 0 days 1,955 sqft
    2019-04-01 0 days 1,942 sqft
    2019-05-01 0 days 1,980 sqft
    2019-06-01 0 days 1,990 sqft
    2019-07-01 0 days 1,961 sqft
    2019-08-01 0 days 1,941 sqft
    2019-09-01 0 days 1,948 sqft
    2019-10-01 0 days 1,952 sqft
    2019-11-01 0 days 1,950 sqft
    2019-12-01 0 days 1,933 sqft
    2020-01-01 0 days 1,913 sqft
    2020-02-01 0 days 1,928 sqft
    2020-03-01 0 days 1,940 sqft
    2020-04-01 0 days 1,940 sqft
    2020-05-01 0 days 1,950 sqft
    2020-06-01 0 days 1,999 sqft
    2020-07-01 0 days 1,937 sqft
    2020-08-01 0 days 1,919 sqft
    2020-09-01 0 days 1,948 sqft
    2020-10-01 0 days 1,955 sqft
    2020-11-01 0 days 1,908 sqft
    2020-12-01 0 days 1,835 sqft
    2021-01-01 0 days 1,815 sqft
    2021-02-01 0 days 1,873 sqft
    2021-03-01 0 days 1,902 sqft
    2021-04-01 0 days 1,892 sqft
    2021-05-01 0 days 1,917 sqft
    2021-06-01 0 days 1,915 sqft
    2021-07-01 0 days 1,900 sqft
    2021-08-01 0 days 1,885 sqft
    2021-09-01 0 days 1,847 sqft
    2021-10-01 0 days 1,886 sqft
    2021-11-01 0 days 1,925 sqft
    2021-12-01 0 days 1,980 sqft
    2022-01-01 0 days 1,936 sqft
    2022-02-01 0 days 1,922 sqft
    2022-03-01 0 days 1,927 sqft
    2022-04-01 0 days 1,877 sqft
    2022-05-01 0 days 1,956 sqft
    2022-06-01 0 days 1,955 sqft
    2022-07-01 0 days 1,975 sqft
    2022-08-01 0 days 1,937 sqft
    2022-09-01 0 days 1,986 sqft
    2022-10-01 0 days 1,968 sqft
    2022-11-01 0 days 1,940 sqft
    2022-12-01 0 days 1,936 sqft
    2023-01-01 0 days 1,903 sqft
    2023-02-01 0 days 1,919 sqft
    2023-03-01 0 days 1,936 sqft
    2023-04-01 0 days 1,978 sqft
    2023-05-01 0 days 1,969 sqft
    2023-06-01 0 days 2,006 sqft
    2023-07-01 0 days 1,987 sqft
    2023-08-01 0 days 1,975 sqft
    2023-09-01 0 days 2,000 sqft
    2023-10-01 0 days 1,984 sqft
    2023-11-01 0 days 1,982 sqft
    2023-12-01 0 days 1,926 sqft
    2024-01-01 0 days 1,911 sqft
    2024-02-01 0 days 1,918 sqft
    2024-03-01 0 days 1,940 sqft
    2024-04-01 0 days 1,950 sqft
    2024-05-01 0 days 1,931 sqft
    2024-06-01 0 days 1,939 sqft
    2024-07-01 0 days 1,911 sqft
    2024-08-01 0 days 1,902 sqft
    2024-09-01 0 days 1,873 sqft
    2024-10-01 0 days 1,901 sqft
    2024-11-01 0 days 1,902 sqft
    2024-12-01 0 days 1,895 sqft
    2025-01-01 0 days 1,902 sqft
    2025-02-01 0 days 1,882 sqft
    2025-03-01 0 days 1,855 sqft
    2025-04-01 0 days 1,888 sqft
    New Bern's median listing age (time on market) for 2025-04-01 was 0 days.

    New Bern's median square footage for active listings during the 2025-04-01 period was 1,888 sqft. One year prior, the average listing was 1,950 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).