Wilson FHA Loan Rates, Closing Costs & Stats

Wilson, 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.

    Wilson's 75 lenders originated 308 FHA loans during 2024. The total origination value was $71,820,000, with an average FHA loan value of $233,182.

    Wilson FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Wilson averaged -0.22% for the week of 2025-06-20, compared to the national average (all FHA variants) of 0% for the same period.

    Wilson's average FHA mortgage closing costs are $7,674.

    The average rate for the prior week (2025-06-13) was 6.56% and one month ago for the week of 2025-05-16, the average rate was 6.32%.

    The average rate one year ago was 6.58%.

    For refis of the same type during the week of 2025-06-20, the average rate was 0.29%.

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

    Wilson 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 Wilson level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    VELOCIO MORTGAGE L.L.C. 38 4.84% $7,499
    QUICKEN LOANS, LLC 25 6.42% $10,386
    T2 FINANCIAL LLC 22 6.52% $10,480
    DHI MORTGAGE COMPANY, LTD. 16 4.84% $7,583
    UNITED WHOLESALE MORTGAGE, LLC 15 6.11% $9,197
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 14 6.73% $10,390
    Integrity Home Mortgage Corp 9 6.36% $11,590
    PENNYMAC LOAN SERVICES, LLC 8 6.03% $10,220
    CROSSCOUNTRY MORTGAGE, LLC 7 6.58% $11,717
    American Security Mortgage Corp. 6 6.58% $8,549
    INTERCOASTAL MORTGAGE COMPANY 6 6.92% $7,908
    CORNERSTONE HOME LENDING, INC. 6 5.96% $9,560
    Truist 6 6.34% $7,570
    Keystone Funding, Inc. 5 6.53% $11,229
    LOANDEPOT.COM, LLC 5 6.67% $9,487
    MOVEMENT MORTGAGE, LLC 4 6.84% $8,257
    GUARANTEED RATE, INC. 4 6.19% $10,405
    LOANPAL, LLC 4 5.84% $9,878
    Carrington Mortgage Services, LLC 3 6.33% $8,317
    FREEDOM MORTGAGE CORPORATION 3 6.58% $13,598
    MUTUAL OF OMAHA MORTGAGE, INC. 3 6.75% $11,977
    FBC MORTGAGE, LLC 3 6.42% $9,110
    Towne Bank 3 5.42% $12,770
    ABSOLUTE HOME MORTGAGE CORPORATION 2 6.50% $11,572
    AFFORDABLE MORTGAGE ADVISORS, LLC. 2 7.44% $9,366
    Alcova Mortgage LLC 2 6.88% $6,165
    AmRes Corporation 2 6.94% $11,773
    BROKER SOLUTIONS, INC. 2 7.25% $8,975
    Century Mortgage Company DBA Century Lending Company 2 6.81% $9,854
    Equity Prime Mortgage LLC 2 6.75% $9,893
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 7.13% $10,023
    First-Citizens Bank & Trust Company 2 5.56% $7,291
    GUILD MORTGAGE COMPANY 2 6.13% $14,499
    MORTGAGE SOLUTIONS OF COLORADO, LLC 2 6.75% $10,811
    NEWREZ LLC 2 6.12% $11,425
    NFM, INC. 2 6.19% $10,766
    OPEN MORTGAGE, LLC 2 6.94% $17,980
    Prosperity Home Mortgage, LLC 2 6.37% $13,160
    RUOFF MORTGAGE COMPANY, INC. 2 6.25% $5,994
    United Community Bank 2 6.75% $6,944
    U.S. Bank 2 6.44% $11,275
    Mr. Cooper ( Nationstar Mortgage ) 1 6.75% $12,976
    First Heritage Mortgage, LLC 1 6.25% $12,927
    MY MORTGAGE, INC. 1 6.50% $3,688
    Nations Lending Corporation 1 5.75% $9,582
    AmeriHome Mortgage Company, LLC 1 6.99% $4,900
    UNIVERSITY Federal Credit Union 1 5.75% $12,851
    Northpointe Bank 1 6.88% $10,242
    North State Bank 1 6.13% $5,459
    ZILLOW HOME LOANS, LLC 1 6.75% $8,883
    FIRST COLONY MORTGAGE CORPORATION 1 5.75% $11,142
    POINT Mortgage 1 5.75% $9,022
    PRIMARY RESIDENTIAL MORTGAGE, INC. 1 7.00% $7,471
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 6.13% $11,766
    American Mortgage & Equity Consultants, Inc. 1 6.13% $18,795
    EMM LOANS LLC 1 5.63% $10,467
    RELIANCE FIRST CAPITAL, LLC 1 6.63% $12,383
    Residential Acceptance Corporation 1 7.38% $7,883
    VILLAGE CAPITAL MORTGAGE 1 6.25% $8,992
    SeaTrust Mortgage Company 1 6.50% $9,994
    STOCKTON MORTGAGE CORPORATION 1 6.88% $8,576
    CARDINAL FINANCIAL 1 7.25% $13,561
    Bank of England 1 6.75% $16,830
    TOWNE MORTGAGE COMPANY 1 7.00% $15,647
    Towne Mortgage of the Carolinas, LLC 1 6.88% $4,979
    AMERISAVE MORTGAGE CORPORATION 1 5.75% $13,173
    UNION HOME MORTGAGE CORP. 1 7.50% $10,253
    Lakeview Community Capital, LLC 1 5.75% $9,703
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 1 7.00% $9,718
    GoPrime Mortgage, Inc. 1 6.75% $10,000
    Loan Simple, Inc. 1 7.25% $16,175
    MILLENNIUM FINANCIAL GROUP, INC. 1 7.00% $8,046
    Mortgage Research Center, LLC 1 7.25% $5,211
    V.I.P. MORTGAGE, INC. 1 6.99% $6,866
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 6.63% $7,197

    The top Wilson FHA lender as defined by loan originations is VELOCIO MORTGAGE L.L.C., with 38 FHA loans originated. Their average total fees are $7,499, which is $2,887 lower than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Wilson FHA lenders (with over 10 loans originated) are VELOCIO MORTGAGE L.L.C. ($7,499), DHI MORTGAGE COMPANY, LTD. ($7,583), UNITED WHOLESALE MORTGAGE, LLC ($9,197), QUICKEN LOANS, LLC ($10,386) and ATLANTIC BAY MORTGAGE GROUP, L.L.C. ($10,390).

    The lowest rate Wilson FHA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (4.84%), VELOCIO MORTGAGE L.L.C. (4.84%), UNITED WHOLESALE MORTGAGE, LLC (6.11%), QUICKEN LOANS, LLC (6.42%) and T2 FINANCIAL LLC (6.52%).

    Wilson FHA Loan Limits

    Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
    WILSON, NC WILSON 2022 $420,680 $538,650 $651,050 $809,150
    WILSON, NC WILSON 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).