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 6.12% for the week of 2025-04-04, compared to the national average (all FHA variants) of 6.259% for the same period.

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

The average rate for the prior week (2025-03-28) was 6.41% and one month ago for the week of 2025-02-28, the average rate was 6.2%.

The average rate one year ago was 6.22%.

For refis of the same type during the week of 2025-04-04, the average rate was 5.78%.

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

Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Pinehurst (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 $299,900 (1.3%) $379,508 (4.2%) 0.00 837
2018-02-01 $301,137 (2.5%) $384,663 (4.8%) 0.00 832
2018-03-01 $309,950 (3.8%) $389,808 (6.1%) 0.00 843
2018-04-01 $308,719 (3.1%) $391,013 (6.4%) 0.00 872
2018-05-01 $300,000 (0.0%) $387,286 (4.9%) 0.00 899
2018-06-01 $300,000 (0.3%) $391,773 (6.8%) 0.00 884
2018-07-01 $307,541 (2.9%) $393,962 (7.6%) 0.00 830
2018-08-01 $305,500 (1.9%) $391,360 (6.2%) 0.00 821
2018-09-01 $306,815 (2.3%) $386,721 (3.8%) 0.00 808
2018-10-01 $309,168 (3.1%) $387,944 (5.0%) 0.00 785
2018-11-01 $306,816 (2.3%) $385,798 (2.4%) 0.00 769
2018-12-01 $304,950 (1.7%) $386,789 (2.3%) 0.00 761
2019-01-01 $307,000 (2.4%) $390,857 (3.0%) 0.00 716
2019-02-01 $312,500 (3.8%) $396,296 (3.0%) 0.00 738
2019-03-01 $318,416 (2.7%) $412,745 (5.9%) 0.00 717
2019-04-01 $323,985 (5.0%) $427,859 (9.4%) 0.00 713
2019-05-01 $336,250 (12.1%) $431,560 (11.4%) 0.00 713
2019-06-01 $333,860 (11.3%) $424,199 (8.3%) 0.00 715
2019-07-01 $334,360 (8.7%) $428,895 (8.9%) 0.00 679
2019-08-01 $332,678 (8.9%) $428,178 (9.4%) 0.00 675
2019-09-01 $331,115 (7.9%) $426,861 (10.4%) 0.00 671
2019-10-01 $329,950 (6.7%) $426,222 (9.9%) 0.00 667
2019-11-01 $329,900 (7.5%) $432,634 (12.1%) 0.00 624
2019-12-01 $331,865 (8.8%) $440,093 (13.8%) 0.00 588
2020-01-01 $333,595 (8.7%) $436,811 (11.8%) 0.00 561
2020-02-01 $339,205 (8.6%) $429,585 (8.4%) 0.00 549
2020-03-01 $339,450 (6.6%) $427,843 (3.7%) 0.00 576
2020-04-01 $337,179 (4.1%) $414,272 (-3.2%) 0.00 589
2020-05-01 $339,450 (1.0%) $417,576 (-3.2%) 0.00 528
2020-06-01 $335,750 (0.6%) $424,670 (0.1%) 0.00 468
2020-07-01 $329,988 (-1.3%) $424,742 (-1.0%) 0.00 415
2020-08-01 $330,227 (-0.7%) $438,969 (2.5%) 0.00 396
2020-09-01 $345,000 (4.2%) $443,850 (4.0%) 0.00 367
2020-10-01 $345,000 (4.6%) $445,906 (4.6%) 0.00 325
2020-11-01 $351,975 (6.7%) $443,318 (2.5%) 0.00 300
2020-12-01 $349,750 (5.4%) $460,333 (4.6%) 0.00 274
2021-01-01 $363,908 (9.1%) $493,969 (13.1%) 0.00 207
2021-02-01 $365,893 (7.9%) $498,532 (16.1%) 0.00 174
2021-03-01 $357,725 (5.4%) $480,352 (12.3%) 0.00 236
2021-04-01 $365,168 (8.3%) $479,576 (15.8%) 0.00 270
2021-05-01 $365,000 (7.5%) $527,880 (26.4%) 0.00 139
2021-06-01 $372,475 (10.9%) $504,552 (18.8%) 0.00 152
2021-07-01 $377,000 (14.3%) $529,372 (24.6%) 0.00 155
2021-08-01 $385,326 (16.7%) $510,383 (16.3%) 0.00 181
2021-09-01 $385,750 (11.8%) $487,256 (9.8%) 0.00 180
2021-10-01 $390,000 (13.0%) $517,441 (16.0%) 0.00 188
2021-11-01 $399,250 (13.4%) $591,508 (33.4%) 0.00 192
2021-12-01 $399,000 (14.1%) $587,025 (27.5%) 0.00 156
2022-01-01 $399,000 (9.6%) $605,545 (22.6%) 0.00 144
2022-02-01 $428,313 (17.1%) $653,836 (31.2%) 0.00 100
2022-03-01 $464,000 (29.7%) $621,767 (29.4%) 0.00 104
2022-04-01 $452,500 (23.9%) $615,133 (28.3%) 0.00 134
2022-05-01 $449,925 (23.3%) $569,222 (7.8%) 0.00 178
2022-06-01 $449,900 (20.8%) $611,462 (21.2%) 0.00 225
2022-07-01 $456,400 (21.1%) $611,517 (15.5%) 0.00 254
2022-08-01 $449,900 (16.8%) $594,073 (16.4%) 0.00 285
2022-09-01 $460,950 (19.5%) $587,930 (20.7%) 0.00 315
2022-10-01 $465,000 (19.2%) $593,261 (14.7%) 0.00 343
2022-11-01 $452,500 (13.3%) $580,015 (-1.9%) 0.00 355
2022-12-01 $451,000 (13.0%) $571,006 (-2.7%) 0.00 341
2023-01-01 $451,035 (13.0%) $559,992 (-7.5%) 0.00 305
2023-02-01 $451,855 (5.5%) $559,178 (-14.5%) 0.00 259
2023-03-01 $464,950 (0.2%) $551,727 (-11.3%) 0.00 239
2023-04-01 $480,000 (6.1%) $573,825 (-6.7%) 0.00 230
2023-05-01 $487,125 (8.3%) $571,268 (0.4%) 0.00 249
2023-06-01 $479,975 (6.7%) $570,128 (-6.8%) 0.00 289
2023-07-01 $480,000 (5.2%) $588,826 (-3.7%) 0.00 308
2023-08-01 $484,400 (7.7%) $596,247 (0.4%) 0.00 323
2023-09-01 $471,400 (2.3%) $583,795 (-0.7%) 0.00 364
2023-10-01 $452,044 (-2.8%) $557,853 (-6.0%) 0.00 386
2023-11-01 $460,250 (1.7%) $579,113 (-0.2%) 0.00 406
2023-12-01 $459,950 (2.0%) $585,395 (2.5%) 0.00 412
2024-01-01 $466,175 (3.4%) $581,288 (3.8%) 0.00 392
2024-02-01 $462,000 (2.3%) $595,612 (6.5%) 0.00 358
2024-03-01 $455,000 (-2.1%) $601,013 (8.9%) 0.00 358
2024-04-01 $463,500 (-3.4%) $608,035 (6.0%) 0.00 395
2024-05-01 $475,000 (-2.5%) $633,108 (10.8%) 0.00 436
2024-06-01 $479,900 (0.0%) $640,836 (12.4%) 0.00 505
2024-07-01 $475,000 (-1.0%) $620,207 (5.3%) 0.00 505
2024-08-01 $461,450 (-4.7%) $595,946 (-0.1%) 0.00 547
2024-09-01 $455,000 (-3.5%) $609,380 (4.4%) 0.00 553
2024-10-01 $451,250 (-0.2%) $600,005 (7.6%) 0.00 549
2024-11-01 $454,990 (-1.1%) $596,744 (3.0%) 0.00 546
2024-12-01 $449,900 (-2.2%) $588,451 (0.5%) 0.00 500
2025-01-01 $456,225 (-2.1%) $596,389 (2.6%) 0.00 506
2025-02-01 $454,208 (-1.7%) $592,123 (-0.6%) 0.00 494
2025-03-01 $469,999 (3.3%) $583,662 (-2.9%) 0.00 505
Pinehurst's median listing price for 2025-03-01 was $469,999, a difference of $14,999 (3.3%) versus the prior year and $15,791 versus the prior month.

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

Pinehurst's average listing price for 2025-03-01 was $583,662, a difference of $-17,351 (-2.9%) versus the prior year and $-8,461 versus the prior month.

For the 2025-03-01 period, Pinehurst had 505 MLS listings, a difference of 11 listings (2%) versus the prior month and 147 listings (41%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Pinehurst (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 2,500 sqft
2018-02-01 0 days 2,500 sqft
2018-03-01 0 days 2,500 sqft
2018-04-01 0 days 2,500 sqft
2018-05-01 0 days 2,500 sqft
2018-06-01 0 days 2,500 sqft
2018-07-01 0 days 2,512 sqft
2018-08-01 0 days 2,500 sqft
2018-09-01 0 days 2,500 sqft
2018-10-01 0 days 2,500 sqft
2018-11-01 0 days 2,500 sqft
2018-12-01 0 days 2,500 sqft
2019-01-01 0 days 2,500 sqft
2019-02-01 0 days 2,448 sqft
2019-03-01 0 days 2,483 sqft
2019-04-01 0 days 2,545 sqft
2019-05-01 0 days 2,563 sqft
2019-06-01 0 days 2,546 sqft
2019-07-01 0 days 2,557 sqft
2019-08-01 0 days 2,553 sqft
2019-09-01 0 days 2,551 sqft
2019-10-01 0 days 2,549 sqft
2019-11-01 0 days 2,520 sqft
2019-12-01 0 days 2,537 sqft
2020-01-01 0 days 2,511 sqft
2020-02-01 0 days 2,506 sqft
2020-03-01 0 days 2,513 sqft
2020-04-01 0 days 2,500 sqft
2020-05-01 0 days 2,500 sqft
2020-06-01 0 days 2,502 sqft
2020-07-01 0 days 2,493 sqft
2020-08-01 0 days 2,500 sqft
2020-09-01 0 days 2,543 sqft
2020-10-01 0 days 2,543 sqft
2020-11-01 0 days 2,530 sqft
2020-12-01 0 days 2,506 sqft
2021-01-01 0 days 2,512 sqft
2021-02-01 0 days 2,396 sqft
2021-03-01 0 days 2,342 sqft
2021-04-01 0 days 2,353 sqft
2021-05-01 0 days 2,260 sqft
2021-06-01 0 days 2,297 sqft
2021-07-01 0 days 2,256 sqft
2021-08-01 0 days 2,317 sqft
2021-09-01 0 days 2,285 sqft
2021-10-01 0 days 2,290 sqft
2021-11-01 0 days 2,375 sqft
2021-12-01 0 days 2,357 sqft
2022-01-01 0 days 2,367 sqft
2022-02-01 0 days 2,334 sqft
2022-03-01 0 days 2,454 sqft
2022-04-01 0 days 2,429 sqft
2022-05-01 0 days 2,424 sqft
2022-06-01 0 days 2,408 sqft
2022-07-01 0 days 2,495 sqft
2022-08-01 0 days 2,448 sqft
2022-09-01 0 days 2,480 sqft
2022-10-01 0 days 2,497 sqft
2022-11-01 0 days 2,445 sqft
2022-12-01 0 days 2,444 sqft
2023-01-01 0 days 2,439 sqft
2023-02-01 0 days 2,394 sqft
2023-03-01 0 days 2,419 sqft
2023-04-01 0 days 2,464 sqft
2023-05-01 0 days 2,383 sqft
2023-06-01 0 days 2,364 sqft
2023-07-01 0 days 2,375 sqft
2023-08-01 0 days 2,329 sqft
2023-09-01 0 days 2,283 sqft
2023-10-01 0 days 2,200 sqft
2023-11-01 0 days 2,247 sqft
2023-12-01 0 days 2,266 sqft
2024-01-01 0 days 2,284 sqft
2024-02-01 0 days 2,294 sqft
2024-03-01 0 days 2,350 sqft
2024-04-01 0 days 2,363 sqft
2024-05-01 0 days 2,359 sqft
2024-06-01 0 days 2,375 sqft
2024-07-01 0 days 2,361 sqft
2024-08-01 0 days 2,325 sqft
2024-09-01 0 days 2,309 sqft
2024-10-01 0 days 2,308 sqft
2024-11-01 0 days 2,308 sqft
2024-12-01 0 days 2,287 sqft
2025-01-01 0 days 2,308 sqft
2025-02-01 0 days 2,314 sqft
2025-03-01 0 days 2,325 sqft
Pinehurst's median listing age (time on market) for 2025-03-01 was 0 days.

Pinehurst's median square footage for active listings during the 2025-03-01 period was 2,325 sqft. One year prior, the average listing was 2,350 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).