Pinehurst FHA Loan Rates, Closing Costs & Stats

Pinehurst-Southern Pines, 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.

    Pinehurst's 51 lenders originated 203 FHA loans during 2024. The total origination value was $56,305,000, with an average FHA loan value of $277,365.

    Pinehurst FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Pinehurst averaged -0.04% for the week of 2025-07-04, compared to the national average (all FHA variants) of 0% for the same period.

    Pinehurst's average FHA mortgage closing costs are $8,352.

    The average rate for the prior week (2025-06-27) was 6.34% and one month ago for the week of 2025-05-30, the average rate was 6.52%.

    The average rate one year ago was 6.64%.

    For refis of the same type during the week of 2025-07-04, the average rate was -0.68%.

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

    Pinehurst 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 Pinehurst level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    QUICKEN LOANS, LLC 23 6.35% $12,063
    DHI MORTGAGE COMPANY, LTD. 20 4.75% $7,693
    MOVEMENT MORTGAGE, LLC 14 6.30% $12,125
    UNITED WHOLESALE MORTGAGE, LLC 13 6.01% $13,648
    NFM, INC. 8 6.36% $11,515
    CROSSCOUNTRY MORTGAGE, LLC 8 6.80% $14,518
    GoPrime Mortgage, Inc. 6 6.64% $9,009
    CARDINAL FINANCIAL 5 6.85% $14,528
    RELIANCE FIRST CAPITAL, LLC 4 6.50% $15,188
    FREEDOM MORTGAGE CORPORATION 4 5.88% $16,772
    MICHIGAN MUTUAL, INC. 3 5.54% $14,192
    CORNERSTONE HOME LENDING, INC. 3 6.46% $12,540
    MUTUAL OF OMAHA MORTGAGE, INC. 3 6.58% $23,279
    Prosperity Home Mortgage, LLC 3 6.38% $14,342
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 3 6.87% $12,280
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 3 6.46% $15,766
    LAKEVIEW LOAN SERVICING, LLC 2 6.19% $8,309
    Equity Prime Mortgage LLC 2 6.06% $12,411
    MILEND, INC. 2 6.56% $13,480
    Alcova Mortgage LLC 2 6.38% $11,566
    AMERISAVE MORTGAGE CORPORATION 2 6.50% $11,261
    UNION HOME MORTGAGE CORP. 2 6.81% $9,009
    Wolfe Financial, Inc 2 6.81% $15,211
    LOANDEPOT.COM, LLC 2 7.00% $10,456
    TOP FLITE FINANCIAL, INC. 1 6.88% $10,535
    Wells Fargo Bank 1 6.50% $13,922
    1ST SIGNATURE LENDING, LLC 1 7.00% $15,306
    ZILLOW HOME LOANS, LLC 1 5.75% $13,135
    AMERICAN FINANCIAL RESOURCES, INC. 1 5.75% $20,545
    AMERICAN FINANCING CORPORATION 1 5.63% $13,584
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 5.75% $18,317
    AmeriHome Mortgage Company, LLC 1 6.13% $6,397
    CANOPY MORTGAGE, LLC 1 6.13% $10,818
    CMG MORTGAGE, INC. 1 5.88% $14,402
    EMM LOANS LLC 1 7.13% $8,113
    First Bank 1 6.13% $6,364
    First-Citizens Bank & Trust Company 1 6.25% $12,423
    Flagstar Bank, FSB 1 6.25% $6,489
    GUILD MORTGAGE COMPANY 1 7.75% $14,069
    INTERCOASTAL MORTGAGE COMPANY 1 6.49% $6,948
    JMAC LENDING, INC. 1 6.75% $14,736
    JPMorgan Chase Bank 1 6.63% $3,624
    LOANPAL, LLC 1 5.38% $15,218
    Mortgage Research Center, LLC 1 5.75% $6,280
    NATIONWIDE MORTGAGE BANKERS, INC. 1 7.25% $17,241
    NBKC BANK 1 5.38% $14,290
    NEWREZ LLC 1 6.75% $13,474
    Paramount Residential Mortgage Group, Inc. 1 7.25% $12,949
    PENTAGON FEDERAL CREDIT UNION 1 6.63% $11,755
    SeaTrust Mortgage Company 1 5.49% $27,476
    SUCCESS MORTGAGE PARTNERS, INC. 1 7.13% $11,704

    The top Pinehurst FHA lender as defined by loan originations is QUICKEN LOANS, LLC, with 23 FHA loans originated. Their average total fees are $12,063, which is $4,370 higher than the next largest lender, DHI MORTGAGE COMPANY, LTD..

    The lowest fee Pinehurst FHA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. ($7,693), QUICKEN LOANS, LLC ($12,063), MOVEMENT MORTGAGE, LLC ($12,125), UNITED WHOLESALE MORTGAGE, LLC ($13,648) and .

    The lowest rate Pinehurst FHA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (4.75%), UNITED WHOLESALE MORTGAGE, LLC (6.01%), MOVEMENT MORTGAGE, LLC (6.30%), QUICKEN LOANS, LLC (6.35%) and .

    Pinehurst FHA Loan Limits

    Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
    PINEHURST-SOUTHERN PINES, NC MOORE 2022 $420,680 $538,650 $651,050 $809,150
    PINEHURST-SOUTHERN PINES, NC MOORE 2023 $472,030 $604,400 $730,525 $907,900

    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).