Orangeburg FHA Loan Rates, Closing Costs & Stats

Orangeburg, SC

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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.

    Orangeburg's 72 lenders originated 280 FHA loans during 2024. The total origination value was $61,020,000, with an average FHA loan value of $217,929.

    Orangeburg FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Orangeburg averaged 6% for the week of 2025-04-04, compared to the national average (all FHA variants) of 6.259% for the same period.

    Orangeburg's average FHA mortgage closing costs are $7,820.

    The average rate for the prior week (2025-03-28) was 6.5% and one month ago for the week of 2025-02-28, the average rate was 6.08%.

    The average rate one year ago was 6.3%.

    For refis of the same type during the week of 2025-04-04, the average rate was 6.51%.

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

    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.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    DHI MORTGAGE COMPANY, LTD. 46 4.45% $7,920
    QUICKEN LOANS, LLC 23 6.38% $9,807
    Ameris Bank 16 6.44% $8,531
    GUILD MORTGAGE COMPANY 13 6.33% $11,062
    UNITED WHOLESALE MORTGAGE, LLC 11 6.12% $12,531
    BROKER SOLUTIONS, INC. 9 6.76% $11,354
    NATION ONE MORTGAGE CORPORATION 8 6.41% $14,149
    RESOURCE FINANCIAL SERVICES, INC. 6 6.40% $10,413
    NVR Mortgage Finance, Inc. 5 5.68% $10,703
    PRIMELENDING, A PLAINSCAPITAL COMPANY 4 6.13% $14,324
    CMG MORTGAGE, INC. 4 6.97% $10,052
    FREEDOM MORTGAGE CORPORATION 4 6.75% $12,581
    Mortgage Lenders Investment Trading Corporation 3 7.42% $9,376
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 3 6.33% $10,467
    TOWNE MORTGAGE COMPANY 3 6.66% $7,428
    MOVEMENT MORTGAGE, LLC 3 7.00% $11,395
    CALCON MUTUAL MORTGAGE LLC 3 6.20% $7,876
    Plains Commerce Bank 3 6.67% $10,332
    CAROLINA ONE MORTGAGE, LLC 3 6.96% $9,180
    CROSSCOUNTRY MORTGAGE, LLC 3 6.88% $11,333
    HOMESIDE FINANCIAL, LLC 3 6.71% $10,101
    ZILLOW HOME LOANS, LLC 2 6.13% $12,693
    AMERICAN FINANCIAL NETWORK, INC. 2 6.06% $14,128
    AMERICAN FINANCIAL RESOURCES, INC. 2 6.75% $11,198
    AmeriHome Mortgage Company, LLC 2 6.13% $4,855
    AMERISAVE MORTGAGE CORPORATION 2 6.19% $13,081
    Assurance Financial Group, L.L.C. 2 6.43% $8,269
    GERSHMAN INVESTMENT CORP. 2 5.38% $8,487
    INTERLINC MORTGAGE SERVICES, LLC 2 7.25% $8,530
    MORTGAGE SOLUTIONS OF COLORADO, LLC 2 7.75% $8,309
    PENNYMAC LOAN SERVICES, LLC 2 6.19% $7,071
    SOUTHPOINT FINANCIAL SERVICES, INC. 2 6.75% $3,866
    South State Bank 2 6.44% $11,434
    1ST SIGNATURE LENDING, LLC 2 6.88% $14,988
    First Community Bank 1 6.13% $11,369
    HOMEBRIDGE FINANCIAL SERVICES, INC. 1 6.75% $9,757
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 6.75% $10,105
    UNION HOME MORTGAGE CORP. 1 6.63% $10,708
    Lakeview Community Capital, LLC 1 6.75% $8,960
    LAKEVIEW LOAN SERVICING, LLC 1 6.25% $10,185
    LEADERONE FINANCIAL CORPORATION 1 6.63% $9,276
    LOANPAL, LLC 1 5.88% $5,666
    MILEND, INC. 1 6.63% $11,858
    Equity Prime Mortgage LLC 1 6.38% $6,009
    AFFORDABLE MORTGAGE ADVISORS, LLC. 1 7.00% $12,949
    DIRECT MORTGAGE LOANS, LLC 1 6.13% $10,108
    Mr. Cooper ( Nationstar Mortgage ) 1 6.75% $12,163
    DELMAR FINANCIAL COMPANY 1 6.49% $8,822
    NEWREZ LLC 1 6.25% $5,576
    Carrington Mortgage Services, LLC 1 6.13% $13,854
    OCMBC, INC. 1 5.25% $17,319
    OPEN MORTGAGE, LLC 1 5.88% $10,257
    VANDERBILT MORTGAGE AND FINANCE, INC. 1 5.50% $7,897
    CARDINAL FINANCIAL 1 6.25% $13,279
    PRIMARY RESIDENTIAL MORTGAGE, INC. 1 6.63% $11,827
    Bank of America 1 8.50% $6,516
    Princeton Mortgage Corporation 1 6.75% $7,287
    Prosperity Home Mortgage, LLC 1 6.75% $7,021
    Atlantic Coast Mortgage, LLC 1 7.75% $6,722
    Renasant Bank 1 5.63% $15,128
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 1 6.25% $10,462
    VERITAS FUNDING, LLC 1 5.75% $12,491
    Waterstone Mortgage Corporation 1 7.75% $7,510
    Synovus Bank 1 5.50% $9,185
    AMERICAN FINANCING CORPORATION 1 6.13% $13,864
    Flagstar Bank, FSB 1 6.25% $7,571
    TruHome Solutions, LLC 1 6.63% $8,874
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 7.13% $9,266
    GSF Mortgage Corporation 1 7.13% $9,474
    GUARANTEED RATE AFFINITY, LLC 1 6.13% $6,971
    GUARANTEED RATE, INC. 1 7.25% $8,861
    First Palmetto Bank 1 6.13% $6,866

    The top Orangeburg FHA lender as defined by loan originations is DHI MORTGAGE COMPANY, LTD., with 46 FHA loans originated. Their average total fees are $7,920, which is $1,887 lower than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Orangeburg FHA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. ($7,920), Ameris Bank ($8,531), QUICKEN LOANS, LLC ($9,807), GUILD MORTGAGE COMPANY ($11,062) and UNITED WHOLESALE MORTGAGE, LLC ($12,531).

    The lowest rate Orangeburg FHA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (4.45%), UNITED WHOLESALE MORTGAGE, LLC (6.12%), GUILD MORTGAGE COMPANY (6.33%), QUICKEN LOANS, LLC (6.38%) and Ameris Bank (6.44%).

    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. Louis
    Date 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 (1.6%) 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%) $203,617 (10.2%) 0.00 358
    2019-04-01 $163,750 (18.1%) $208,001 (11.6%) 0.00 369
    2019-05-01 $159,800 (14.5%) $207,088 (9.3%) 0.00 375
    2019-06-01 $159,900 (14.3%) $203,933 (7.0%) 0.00 365
    2019-07-01 $160,950 (15.1%) $206,626 (9.5%) 0.00 358
    2019-08-01 $167,509 (13.4%) $211,043 (9.9%) 0.00 339
    2019-09-01 $168,348 (13.0%) $212,428 (10.3%) 0.00 319
    2019-10-01 $169,350 (15.6%) $214,616 (13.4%) 0.00 304
    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 $169,900 (16.2%) $229,161 (17.6%) 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 (2.5%) 0.00 202
    2020-04-01 $152,000 (-7.2%) $212,067 (2.0%) 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 (23.8%) 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 (30.2%) 0.00 144
    2020-09-01 $199,900 (18.7%) $259,905 (22.4%) 0.00 139
    2020-10-01 $194,500 (14.9%) $264,317 (23.2%) 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 (3.0%) $228,913 (-0.1%) 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%) $279,142 (21.9%) 0.00 102
    2022-02-01 $232,500 (45.4%) $271,860 (19.8%) 0.00 92
    2022-03-01 $235,500 (46.2%) $270,961 (15.0%) 0.00 76
    2022-04-01 $238,000 (32.2%) $258,910 (-4.8%) 0.00 80
    2022-05-01 $269,950 (54.3%) $279,447 (-12.1%) 0.00 88
    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%) 0.00 129
    2022-08-01 $318,473 (84.7%) $308,917 (3.3%) 0.00 121
    2022-09-01 $325,900 (84.9%) $324,594 (9.9%) 0.00 121
    2022-10-01 $310,900 (38.2%) $329,342 (6.5%) 0.00 132
    2022-11-01 $303,598 (26.6%) $337,299 (8.1%) 0.00 118
    2022-12-01 $293,950 (23.1%) $321,360 (6.6%) 0.00 128
    2023-01-01 $298,175 (28.9%) $323,726 (16.0%) 0.00 128
    2023-02-01 $269,750 (16.0%) $297,968 (9.6%) 0.00 133
    2023-03-01 $272,475 (15.7%) $290,854 (7.3%) 0.00 145
    2023-04-01 $275,000 (15.6%) $271,316 (4.8%) 0.00 147
    2023-05-01 $249,000 (-7.8%) $256,734 (-8.1%) 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 (-23.3%) $271,642 (-16.3%) 0.00 145
    2023-10-01 $259,925 (-16.4%) $293,088 (-11.0%) 0.00 140
    2023-11-01 $263,450 (-13.2%) $289,401 (-14.2%) 0.00 158
    2023-12-01 $279,900 (-4.8%) $300,727 (-6.4%) 0.00 177
    2024-01-01 $268,200 (-10.1%) $299,837 (-7.4%) 0.00 170
    2024-02-01 $261,250 (-3.2%) $302,424 (1.5%) 0.00 182
    2024-03-01 $274,950 (0.9%) $325,677 (12.0%) 0.00 200
    2024-04-01 $273,675 (-0.5%) $309,002 (13.9%) 0.00 187
    2024-05-01 $268,250 (7.7%) $303,592 (18.3%) 0.00 181
    2024-06-01 $269,450 (5.9%) $315,979 (18.6%) 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
    2024-11-01 $269,900 (2.5%) $329,793 (14.0%) 0.00 190
    2024-12-01 $274,950 (-1.8%) $330,272 (9.8%) 0.00 205
    2025-01-01 $268,171 (0.0%) $323,725 (8.0%) 0.00 208
    2025-02-01 $267,896 (2.5%) $317,480 (5.0%) 0.00 228
    2025-03-01 $279,000 (1.5%) $327,198 (0.5%) 0.00 243
    Orangeburg's median listing price for 2025-03-01 was $279,000, a difference of $4,050 (1.5%) versus the prior year and $11,104 versus the prior month.

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

    Orangeburg's average listing price for 2025-03-01 was $327,198, a difference of $1,521 (0.5%) versus the prior year and $9,718 versus the prior month.

    For the 2025-03-01 period, Orangeburg had 243 MLS listings, a difference of 15 listings (7%) versus the prior month and 43 listings (22%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Orangeburg (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,805 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 1,827 sqft
    2019-09-01 0 days 1,840 sqft
    2019-10-01 0 days 1,851 sqft
    2019-11-01 0 days 1,960 sqft
    2019-12-01 0 days 1,955 sqft
    2020-01-01 0 days 1,859 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 1,923 sqft
    2021-07-01 0 days 1,887 sqft
    2021-08-01 0 days 1,742 sqft
    2021-09-01 0 days 1,764 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 1,963 sqft
    2022-02-01 0 days 2,010 sqft
    2022-03-01 0 days 1,928 sqft
    2022-04-01 0 days 1,912 sqft
    2022-05-01 0 days 2,080 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 2,117 sqft
    2022-10-01 0 days 2,100 sqft
    2022-11-01 0 days 2,120 sqft
    2022-12-01 0 days 2,064 sqft
    2023-01-01 0 days 2,007 sqft
    2023-02-01 0 days 1,934 sqft
    2023-03-01 0 days 1,952 sqft
    2023-04-01 0 days 1,933 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 1,774 sqft
    2024-02-01 0 days 1,774 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 1,740 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
    2024-11-01 0 days 1,770 sqft
    2024-12-01 0 days 1,708 sqft
    2025-01-01 0 days 1,700 sqft
    2025-02-01 0 days 1,673 sqft
    2025-03-01 0 days 1,715 sqft
    Orangeburg's median listing age (time on market) for 2025-03-01 was 0 days.

    Orangeburg's median square footage for active listings during the 2025-03-01 period was 1,715 sqft. One year prior, the average listing was 1,774 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).