Orangeburg FHA Loan Rates, Closing Costs & Stats
Orangeburg, SC
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.
Orangeburg's 61 lenders originated 186 FHA loans during 2023. The total origination value was $37,480,000, with an average FHA loan value of $201,505.
Orangeburg FHA Loans, 30 Year Fixed Rates
30 Year FHA mortgages in Orangeburg
averaged
0.2%
for the week of 2024-11-29, compared to the national average (all FHA variants) of
0% for the same period.
Orangeburg's average FHA mortgage closing costs are $7,314.
The average rate for the prior week (2024-11-22) was
6.29% and
one month ago for the week of 2024-10-25, the
average rate was 6.27%.
The average rate one year ago was 7.26%.
For refis of the same type during the week of 2024-11-29, the average rate
was -0.2%.
Orangeburg 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 Orangeburg level.
The top Orangeburg FHA lender as defined by loan originations is QUICKEN LOANS, LLC, with
17 FHA loans originated. Their average total fees are
$8,852, which is $1,905
higher than the next largest lender,
Ameris Bank.
The lowest fee Orangeburg FHA lenders (with over 10 loans originated) are
Ameris Bank ($6,948), QUICKEN LOANS, LLC ($8,852), GUILD MORTGAGE COMPANY ($10,462), .
The lowest rate Orangeburg FHA lenders (with over 10 loans originated) are
QUICKEN LOANS, LLC (6.25%), Ameris Bank (6.75%), GUILD MORTGAGE COMPANY (6.83%), .
Orangeburg FHA Loan Limits
Metro | County | Year | Single Family Limit | 2 Family Limit | 3 Family Limit | 4 Family Limit |
---|---|---|---|---|---|---|
ORANGEBURG, SC | ORANGEBURG | 2022 | $420,680 | $538,650 | $651,050 | $809,150 |
ORANGEBURG, SC | ORANGEBURG | 2023 | $472,030 | $604,400 | $730,525 | $907,900 |
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Orangeburg (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $131,900 (-5.7%) | $174,128 (1.5%) | 0.00 | 341 |
2018-02-01 | $135,575 (-0.5%) | $181,484 (6.6%) | 0.00 | 345 |
2018-03-01 | $139,250 (4.1%) | $184,764 (8.8%) | 0.00 | 349 |
2018-04-01 | $138,625 (2.8%) | $186,375 (8.4%) | 0.00 | 366 |
2018-05-01 | $139,575 (0.8%) | $189,532 (6.7%) | 0.00 | 360 |
2018-06-01 | $139,900 (1.6%) | $190,540 (6.4%) | 0.00 | 362 |
2018-07-01 | $139,900 (0.0%) | $188,679 (6.2%) | 0.00 | 379 |
2018-08-01 | $147,718 (10.5%) | $192,120 (14.2%) | 0.00 | 387 |
2018-09-01 | $148,995 (11.2%) | $192,559 (13.2%) | 0.00 | 393 |
2018-10-01 | $146,450 (12.4%) | $189,314 (13.9%) | 0.00 | 389 |
2018-11-01 | $145,225 (11.3%) | $194,601 (15.4%) | 0.00 | 387 |
2018-12-01 | $142,500 (8.8%) | $190,409 (13.3%) | 0.00 | 374 |
2019-01-01 | $146,173 (10.8%) | $194,834 (11.9%) | 0.00 | 346 |
2019-02-01 | $149,700 (10.4%) | $198,464 (9.4%) | 0.00 | 344 |
2019-03-01 | $157,000 (12.8%) | $204,329 (10.6%) | 0.00 | 358 |
2019-04-01 | $163,750 (18.1%) | $209,543 (12.4%) | 0.00 | 370 |
2019-05-01 | $159,800 (14.5%) | $207,088 (9.3%) | 0.00 | 375 |
2019-06-01 | $159,900 (14.3%) | $203,806 (7.0%) | 0.00 | 365 |
2019-07-01 | $160,950 (15.1%) | $206,626 (9.5%) | 0.00 | 358 |
2019-08-01 | $167,632 (13.5%) | $211,162 (9.9%) | 0.00 | 339 |
2019-09-01 | $168,655 (13.2%) | $212,727 (10.5%) | 0.00 | 319 |
2019-10-01 | $169,675 (15.9%) | $215,061 (13.6%) | 0.00 | 303 |
2019-11-01 | $196,500 (35.3%) | $235,877 (21.2%) | 0.00 | 228 |
2019-12-01 | $177,475 (24.5%) | $233,145 (22.4%) | 0.00 | 230 |
2020-01-01 | $169,800 (16.2%) | $228,470 (17.3%) | 0.00 | 213 |
2020-02-01 | $159,900 (6.8%) | $217,760 (9.7%) | 0.00 | 205 |
2020-03-01 | $152,000 (-3.2%) | $208,753 (2.2%) | 0.00 | 202 |
2020-04-01 | $152,000 (-7.2%) | $212,067 (1.2%) | 0.00 | 193 |
2020-05-01 | $177,000 (10.8%) | $237,178 (14.5%) | 0.00 | 177 |
2020-06-01 | $167,125 (4.5%) | $252,478 (23.9%) | 0.00 | 159 |
2020-07-01 | $199,000 (23.6%) | $273,742 (32.5%) | 0.00 | 151 |
2020-08-01 | $199,900 (19.3%) | $274,751 (30.1%) | 0.00 | 144 |
2020-09-01 | $199,900 (18.5%) | $259,905 (22.2%) | 0.00 | 139 |
2020-10-01 | $194,500 (14.6%) | $264,317 (22.9%) | 0.00 | 129 |
2020-11-01 | $161,725 (-17.7%) | $232,768 (-1.3%) | 0.00 | 154 |
2020-12-01 | $170,425 (-4.0%) | $240,201 (3.0%) | 0.00 | 129 |
2021-01-01 | $175,000 (3.1%) | $228,913 (0.2%) | 0.00 | 112 |
2021-02-01 | $159,900 (0.0%) | $226,961 (4.2%) | 0.00 | 114 |
2021-03-01 | $161,125 (6.0%) | $235,545 (12.8%) | 0.00 | 99 |
2021-04-01 | $180,000 (18.4%) | $271,915 (28.2%) | 0.00 | 96 |
2021-05-01 | $175,000 (-1.1%) | $317,748 (34.0%) | 0.00 | 80 |
2021-06-01 | $175,850 (5.2%) | $295,290 (17.0%) | 0.00 | 84 |
2021-07-01 | $222,000 (11.6%) | $308,977 (12.9%) | 0.00 | 89 |
2021-08-01 | $172,450 (-13.7%) | $299,165 (8.9%) | 0.00 | 91 |
2021-09-01 | $176,225 (-11.8%) | $295,410 (13.7%) | 0.00 | 100 |
2021-10-01 | $225,000 (15.7%) | $309,220 (17.0%) | 0.00 | 112 |
2021-11-01 | $239,900 (48.3%) | $311,951 (34.0%) | 0.00 | 107 |
2021-12-01 | $238,825 (40.1%) | $301,358 (25.5%) | 0.00 | 108 |
2022-01-01 | $231,250 (32.1%) | $279,745 (22.2%) | 0.00 | 102 |
2022-02-01 | $236,798 (48.1%) | $272,562 (20.1%) | 0.00 | 93 |
2022-03-01 | $237,125 (47.2%) | $271,778 (15.4%) | 0.00 | 77 |
2022-04-01 | $238,500 (32.5%) | $259,933 (-4.4%) | 0.00 | 81 |
2022-05-01 | $273,100 (56.1%) | $279,842 (-11.9%) | 0.00 | 89 |
2022-06-01 | $310,000 (76.3%) | $306,578 (3.8%) | 0.00 | 99 |
2022-07-01 | $326,900 (47.3%) | $308,209 (-0.3%) | 0.00 | 130 |
2022-08-01 | $318,473 (84.7%) | $308,917 (3.3%) | 0.00 | 122 |
2022-09-01 | $326,650 (85.4%) | $325,277 (10.1%) | 0.00 | 124 |
2022-10-01 | $314,900 (40.0%) | $330,064 (6.7%) | 0.00 | 134 |
2022-11-01 | $304,950 (27.1%) | $337,875 (8.3%) | 0.00 | 120 |
2022-12-01 | $296,450 (24.1%) | $321,936 (6.8%) | 0.00 | 130 |
2023-01-01 | $304,175 (31.5%) | $324,258 (15.9%) | 0.00 | 130 |
2023-02-01 | $269,750 (13.9%) | $297,968 (9.3%) | 0.00 | 133 |
2023-03-01 | $272,475 (14.9%) | $290,854 (7.0%) | 0.00 | 145 |
2023-04-01 | $275,000 (15.3%) | $271,316 (4.4%) | 0.00 | 147 |
2023-05-01 | $249,000 (-8.8%) | $256,734 (-8.3%) | 0.00 | 168 |
2023-06-01 | $254,450 (-17.9%) | $266,414 (-13.1%) | 0.00 | 146 |
2023-07-01 | $274,900 (-15.9%) | $283,509 (-8.0%) | 0.00 | 139 |
2023-08-01 | $267,198 (-16.1%) | $288,989 (-6.5%) | 0.00 | 145 |
2023-09-01 | $250,000 (-23.5%) | $271,642 (-16.5%) | 0.00 | 145 |
2023-10-01 | $259,925 (-17.5%) | $293,088 (-11.2%) | 0.00 | 140 |
2023-11-01 | $263,450 (-13.6%) | $289,401 (-14.4%) | 0.00 | 158 |
2023-12-01 | $279,900 (-5.6%) | $300,727 (-6.6%) | 0.00 | 177 |
2024-01-01 | $269,525 (-11.4%) | $299,950 (-7.5%) | 0.00 | 172 |
2024-02-01 | $265,949 (-1.4%) | $303,963 (2.0%) | 0.00 | 186 |
2024-03-01 | $275,000 (0.9%) | $325,597 (12.0%) | 0.00 | 201 |
2024-04-01 | $274,450 (-0.2%) | $309,256 (14.0%) | 0.00 | 189 |
2024-05-01 | $269,500 (8.2%) | $302,215 (17.7%) | 0.00 | 183 |
2024-06-01 | $269,900 (6.1%) | $318,486 (19.6%) | 0.00 | 185 |
2024-07-01 | $265,448 (-3.4%) | $296,965 (4.8%) | 0.00 | 206 |
2024-08-01 | $268,250 (0.4%) | $313,739 (8.6%) | 0.00 | 200 |
2024-09-01 | $262,948 (5.2%) | $310,513 (14.3%) | 0.00 | 198 |
2024-10-01 | $260,895 (0.4%) | $317,982 (8.5%) | 0.00 | 198 |
Orangeburg's median listing price comes in at 0% of the national average.
Orangeburg's average listing price for 2024-10-01 was $317,982, a difference of $24,894 (8.5%) versus the prior year and $7,469 versus the prior month.
For the 2024-10-01 period, Orangeburg had 198 MLS listings, a difference of 0 listings (0%) versus the prior month and 58 listings (41%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Orangeburg (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,805 sqft |
2018-02-01 | 0 days | 1,839 sqft |
2018-03-01 | 0 days | 1,830 sqft |
2018-04-01 | 0 days | 1,852 sqft |
2018-05-01 | 0 days | 1,865 sqft |
2018-06-01 | 0 days | 1,920 sqft |
2018-07-01 | 0 days | 1,814 sqft |
2018-08-01 | 0 days | 1,808 sqft |
2018-09-01 | 0 days | 1,800 sqft |
2018-10-01 | 0 days | 1,783 sqft |
2018-11-01 | 0 days | 1,769 sqft |
2018-12-01 | 0 days | 1,740 sqft |
2019-01-01 | 0 days | 1,732 sqft |
2019-02-01 | 0 days | 1,805 sqft |
2019-03-01 | 0 days | 1,812 sqft |
2019-04-01 | 0 days | 1,808 sqft |
2019-05-01 | 0 days | 1,793 sqft |
2019-06-01 | 0 days | 1,781 sqft |
2019-07-01 | 0 days | 1,824 sqft |
2019-08-01 | 0 days | 1,825 sqft |
2019-09-01 | 0 days | 1,835 sqft |
2019-10-01 | 0 days | 1,847 sqft |
2019-11-01 | 0 days | 1,960 sqft |
2019-12-01 | 0 days | 1,955 sqft |
2020-01-01 | 0 days | 1,860 sqft |
2020-02-01 | 0 days | 1,853 sqft |
2020-03-01 | 0 days | 1,853 sqft |
2020-04-01 | 0 days | 1,868 sqft |
2020-05-01 | 0 days | 1,900 sqft |
2020-06-01 | 0 days | 1,912 sqft |
2020-07-01 | 0 days | 2,012 sqft |
2020-08-01 | 0 days | 2,150 sqft |
2020-09-01 | 0 days | 2,098 sqft |
2020-10-01 | 0 days | 2,095 sqft |
2020-11-01 | 0 days | 1,994 sqft |
2020-12-01 | 0 days | 1,901 sqft |
2021-01-01 | 0 days | 1,850 sqft |
2021-02-01 | 0 days | 1,810 sqft |
2021-03-01 | 0 days | 1,807 sqft |
2021-04-01 | 0 days | 1,862 sqft |
2021-05-01 | 0 days | 2,002 sqft |
2021-06-01 | 0 days | 1,941 sqft |
2021-07-01 | 0 days | 1,905 sqft |
2021-08-01 | 0 days | 1,748 sqft |
2021-09-01 | 0 days | 1,779 sqft |
2021-10-01 | 0 days | 1,905 sqft |
2021-11-01 | 0 days | 1,959 sqft |
2021-12-01 | 0 days | 1,920 sqft |
2022-01-01 | 0 days | 2,000 sqft |
2022-02-01 | 0 days | 2,005 sqft |
2022-03-01 | 0 days | 1,952 sqft |
2022-04-01 | 0 days | 1,919 sqft |
2022-05-01 | 0 days | 2,073 sqft |
2022-06-01 | 0 days | 2,179 sqft |
2022-07-01 | 0 days | 2,150 sqft |
2022-08-01 | 0 days | 2,149 sqft |
2022-09-01 | 0 days | 2,121 sqft |
2022-10-01 | 0 days | 2,109 sqft |
2022-11-01 | 0 days | 2,141 sqft |
2022-12-01 | 0 days | 2,095 sqft |
2023-01-01 | 0 days | 2,010 sqft |
2023-02-01 | 0 days | 1,934 sqft |
2023-03-01 | 0 days | 1,952 sqft |
2023-04-01 | 0 days | 1,932 sqft |
2023-05-01 | 0 days | 1,906 sqft |
2023-06-01 | 0 days | 1,929 sqft |
2023-07-01 | 0 days | 2,000 sqft |
2023-08-01 | 0 days | 1,997 sqft |
2023-09-01 | 0 days | 1,908 sqft |
2023-10-01 | 0 days | 1,924 sqft |
2023-11-01 | 0 days | 1,770 sqft |
2023-12-01 | 0 days | 1,774 sqft |
2024-01-01 | 0 days | 1,773 sqft |
2024-02-01 | 0 days | 1,773 sqft |
2024-03-01 | 0 days | 1,774 sqft |
2024-04-01 | 0 days | 1,774 sqft |
2024-05-01 | 0 days | 1,720 sqft |
2024-06-01 | 0 days | 1,763 sqft |
2024-07-01 | 0 days | 1,774 sqft |
2024-08-01 | 0 days | 1,774 sqft |
2024-09-01 | 0 days | 1,754 sqft |
2024-10-01 | 0 days | 1,765 sqft |
Orangeburg's median square footage for active listings during the 2024-10-01 period was 1,765 sqft. One year prior, the average listing was 1,924 sqft.