Pinehurst FHA Loan Rates, Closing Costs & Stats

Pinehurst-Southern Pines, 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.

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).