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 37 lenders originated 149 FHA loans during 2023. The total origination value was $40,775,000, with an average FHA loan value of $273,658.
Pinehurst FHA Loans, 30 Year Fixed Rates
30 Year FHA mortgages in Pinehurst
averaged
5.93%
for the week of 2024-11-01, compared to the national average (all FHA variants) of
6.387% for the same period.
Pinehurst's average FHA mortgage closing costs are $7,661.
The average rate for the prior week (2024-10-25) was
5.71% and
one month ago for the week of 2024-09-27, the
average rate was 5.62%.
The average rate one year ago was 7.11%.
For refis of the same type during the week of 2024-11-01, the average rate
was 6.59%.
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.
The top Pinehurst FHA lender as defined by loan originations is QUICKEN LOANS, LLC, with
17 FHA loans originated. Their average total fees are
$11,689, which is $2,495
lower than the next largest lender,
UNITED WHOLESALE MORTGAGE, LLC.
The lowest fee Pinehurst FHA lenders (with over 10 loans originated) are
DHI MORTGAGE COMPANY, LTD. ($7,120), QUICKEN LOANS, LLC ($11,689), MOVEMENT MORTGAGE, LLC ($13,205), UNITED WHOLESALE MORTGAGE, LLC ($14,184) and .
The lowest rate Pinehurst FHA lenders (with over 10 loans originated) are
DHI MORTGAGE COMPANY, LTD. (5.17%), UNITED WHOLESALE MORTGAGE, LLC (5.80%), MOVEMENT MORTGAGE, LLC (6.40%), QUICKEN LOANS, LLC (6.52%) 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. LouisDate | 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%) | $427,694 (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%) | $433,028 (12.2%) | 0.00 | 623 |
2019-12-01 | $331,865 (8.8%) | $440,174 (13.8%) | 0.00 | 588 |
2020-01-01 | $333,595 (8.7%) | $436,886 (11.8%) | 0.00 | 561 |
2020-02-01 | $339,210 (8.6%) | $430,001 (8.5%) | 0.00 | 548 |
2020-03-01 | $339,675 (6.7%) | $428,234 (3.8%) | 0.00 | 575 |
2020-04-01 | $337,179 (4.1%) | $414,272 (-3.1%) | 0.00 | 589 |
2020-05-01 | $339,450 (1.0%) | $417,576 (-3.2%) | 0.00 | 528 |
2020-06-01 | $335,750 (0.6%) | $424,898 (0.2%) | 0.00 | 468 |
2020-07-01 | $330,000 (-1.3%) | $424,895 (-0.9%) | 0.00 | 414 |
2020-08-01 | $331,237 (-0.4%) | $440,858 (3.0%) | 0.00 | 391 |
2020-09-01 | $347,225 (4.9%) | $446,312 (4.6%) | 0.00 | 362 |
2020-10-01 | $346,534 (5.0%) | $446,540 (4.8%) | 0.00 | 322 |
2020-11-01 | $352,625 (6.9%) | $443,957 (2.5%) | 0.00 | 298 |
2020-12-01 | $350,000 (5.5%) | $461,338 (4.8%) | 0.00 | 273 |
2021-01-01 | $365,000 (9.4%) | $494,942 (13.3%) | 0.00 | 206 |
2021-02-01 | $365,893 (7.9%) | $499,326 (16.1%) | 0.00 | 174 |
2021-03-01 | $358,200 (5.5%) | $480,815 (12.3%) | 0.00 | 236 |
2021-04-01 | $364,750 (8.2%) | $479,781 (15.8%) | 0.00 | 270 |
2021-05-01 | $366,915 (8.1%) | $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 (14.2%) | $529,372 (24.6%) | 0.00 | 155 |
2021-08-01 | $382,796 (15.6%) | $508,731 (15.4%) | 0.00 | 183 |
2021-09-01 | $385,000 (10.9%) | $485,188 (8.7%) | 0.00 | 181 |
2021-10-01 | $390,000 (12.5%) | $516,229 (15.6%) | 0.00 | 189 |
2021-11-01 | $399,000 (13.2%) | $590,779 (33.1%) | 0.00 | 193 |
2021-12-01 | $399,000 (14.0%) | $587,025 (27.2%) | 0.00 | 156 |
2022-01-01 | $399,000 (9.3%) | $605,545 (22.4%) | 0.00 | 144 |
2022-02-01 | $432,313 (18.2%) | $656,980 (31.6%) | 0.00 | 100 |
2022-03-01 | $465,375 (29.9%) | $623,057 (29.6%) | 0.00 | 104 |
2022-04-01 | $452,500 (24.1%) | $616,449 (28.5%) | 0.00 | 134 |
2022-05-01 | $449,975 (22.6%) | $573,836 (8.7%) | 0.00 | 176 |
2022-06-01 | $450,000 (20.8%) | $619,007 (22.7%) | 0.00 | 217 |
2022-07-01 | $461,720 (22.5%) | $616,908 (16.5%) | 0.00 | 246 |
2022-08-01 | $449,950 (17.5%) | $598,264 (17.6%) | 0.00 | 279 |
2022-09-01 | $462,450 (20.1%) | $589,998 (21.6%) | 0.00 | 311 |
2022-10-01 | $465,000 (19.2%) | $592,861 (14.8%) | 0.00 | 342 |
2022-11-01 | $455,795 (14.2%) | $584,403 (-1.1%) | 0.00 | 347 |
2022-12-01 | $459,000 (15.0%) | $575,941 (-1.9%) | 0.00 | 333 |
2023-01-01 | $456,285 (14.4%) | $564,532 (-6.8%) | 0.00 | 300 |
2023-02-01 | $453,570 (4.9%) | $562,503 (-14.4%) | 0.00 | 255 |
2023-03-01 | $466,225 (0.2%) | $553,962 (-11.1%) | 0.00 | 236 |
2023-04-01 | $480,000 (6.1%) | $573,825 (-6.9%) | 0.00 | 230 |
2023-05-01 | $487,125 (8.3%) | $571,268 (-0.5%) | 0.00 | 249 |
2023-06-01 | $480,000 (6.7%) | $568,730 (-8.1%) | 0.00 | 290 |
2023-07-01 | $482,900 (4.6%) | $591,123 (-4.2%) | 0.00 | 307 |
2023-08-01 | $484,450 (7.7%) | $597,356 (-0.2%) | 0.00 | 322 |
2023-09-01 | $471,400 (1.9%) | $583,795 (-1.1%) | 0.00 | 363 |
2023-10-01 | $455,000 (-2.2%) | $561,459 (-5.3%) | 0.00 | 381 |
2023-11-01 | $463,475 (1.7%) | $582,491 (-0.3%) | 0.00 | 402 |
2023-12-01 | $463,521 (1.0%) | $588,526 (2.2%) | 0.00 | 407 |
2024-01-01 | $468,925 (2.8%) | $583,747 (3.4%) | 0.00 | 390 |
2024-02-01 | $463,225 (2.1%) | $596,240 (6.0%) | 0.00 | 358 |
2024-03-01 | $455,000 (-2.4%) | $602,148 (8.7%) | 0.00 | 358 |
2024-04-01 | $462,500 (-3.7%) | $607,824 (5.9%) | 0.00 | 395 |
2024-05-01 | $474,999 (-2.5%) | $635,643 (11.3%) | 0.00 | 436 |
2024-06-01 | $479,900 (0.0%) | $652,647 (14.8%) | 0.00 | 506 |
2024-07-01 | $475,000 (-1.6%) | $620,452 (5.0%) | 0.00 | 504 |
2024-08-01 | $461,450 (-4.8%) | $596,194 (-0.2%) | 0.00 | 546 |
2024-09-01 | $455,000 (-3.5%) | $609,609 (4.4%) | 0.00 | 552 |
2024-10-01 | $450,500 (-1.0%) | $600,218 (6.9%) | 0.00 | 548 |
Pinehurst's median listing price comes in at 0% of the national average.
Pinehurst's average listing price for 2024-10-01 was $600,218, a difference of $38,759 (6.9%) versus the prior year and $-9,391 versus the prior month.
For the 2024-10-01 period, Pinehurst had 548 MLS listings, a difference of -4 listings (-1%) versus the prior month and 167 listings (44%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Pinehurst (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | 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 | 2,478 sqft |
2019-04-01 | 0 days | 2,540 sqft |
2019-05-01 | 0 days | 2,562 sqft |
2019-06-01 | 0 days | 2,545 sqft |
2019-07-01 | 0 days | 2,556 sqft |
2019-08-01 | 0 days | 2,551 sqft |
2019-09-01 | 0 days | 2,550 sqft |
2019-10-01 | 0 days | 2,549 sqft |
2019-11-01 | 0 days | 2,510 sqft |
2019-12-01 | 0 days | 2,551 sqft |
2020-01-01 | 0 days | 2,521 sqft |
2020-02-01 | 0 days | 2,514 sqft |
2020-03-01 | 0 days | 2,516 sqft |
2020-04-01 | 0 days | 2,500 sqft |
2020-05-01 | 0 days | 2,500 sqft |
2020-06-01 | 0 days | 2,512 sqft |
2020-07-01 | 0 days | 2,492 sqft |
2020-08-01 | 0 days | 2,500 sqft |
2020-09-01 | 0 days | 2,544 sqft |
2020-10-01 | 0 days | 2,550 sqft |
2020-11-01 | 0 days | 2,536 sqft |
2020-12-01 | 0 days | 2,518 sqft |
2021-01-01 | 0 days | 2,512 sqft |
2021-02-01 | 0 days | 2,389 sqft |
2021-03-01 | 0 days | 2,345 sqft |
2021-04-01 | 0 days | 2,343 sqft |
2021-05-01 | 0 days | 2,262 sqft |
2021-06-01 | 0 days | 2,298 sqft |
2021-07-01 | 0 days | 2,254 sqft |
2021-08-01 | 0 days | 2,312 sqft |
2021-09-01 | 0 days | 2,281 sqft |
2021-10-01 | 0 days | 2,288 sqft |
2021-11-01 | 0 days | 2,369 sqft |
2021-12-01 | 0 days | 2,357 sqft |
2022-01-01 | 0 days | 2,367 sqft |
2022-02-01 | 0 days | 2,344 sqft |
2022-03-01 | 0 days | 2,463 sqft |
2022-04-01 | 0 days | 2,445 sqft |
2022-05-01 | 0 days | 2,427 sqft |
2022-06-01 | 0 days | 2,415 sqft |
2022-07-01 | 0 days | 2,500 sqft |
2022-08-01 | 0 days | 2,453 sqft |
2022-09-01 | 0 days | 2,491 sqft |
2022-10-01 | 0 days | 2,497 sqft |
2022-11-01 | 0 days | 2,474 sqft |
2022-12-01 | 0 days | 2,455 sqft |
2023-01-01 | 0 days | 2,444 sqft |
2023-02-01 | 0 days | 2,416 sqft |
2023-03-01 | 0 days | 2,429 sqft |
2023-04-01 | 0 days | 2,468 sqft |
2023-05-01 | 0 days | 2,383 sqft |
2023-06-01 | 0 days | 2,355 sqft |
2023-07-01 | 0 days | 2,375 sqft |
2023-08-01 | 0 days | 2,331 sqft |
2023-09-01 | 0 days | 2,283 sqft |
2023-10-01 | 0 days | 2,209 sqft |
2023-11-01 | 0 days | 2,253 sqft |
2023-12-01 | 0 days | 2,292 sqft |
2024-01-01 | 0 days | 2,299 sqft |
2024-02-01 | 0 days | 2,304 sqft |
2024-03-01 | 0 days | 2,351 sqft |
2024-04-01 | 0 days | 2,363 sqft |
2024-05-01 | 0 days | 2,370 sqft |
2024-06-01 | 0 days | 2,380 sqft |
2024-07-01 | 0 days | 2,361 sqft |
2024-08-01 | 0 days | 2,324 sqft |
2024-09-01 | 0 days | 2,309 sqft |
2024-10-01 | 0 days | 2,308 sqft |
Pinehurst's median square footage for active listings during the 2024-10-01 period was 2,308 sqft. One year prior, the average listing was 2,209 sqft.