Winston FHA Loan Rates, Closing Costs & Stats

WINSTON-SALEM, 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.

Winston's 161 lenders originated 2,251 FHA loans during 2024. The total origination value was $575,785,000, with an average FHA loan value of $255,791.

Winston FHA Loans, 30 Year Fixed Rates

30 Year FHA mortgages in Winston averaged -0.09% for the week of 2025-06-20, compared to the national average (all FHA variants) of 0% for the same period.

Winston's average FHA mortgage closing costs are $7,685.

The average rate for the prior week (2025-06-13) was 6.79% and one month ago for the week of 2025-05-16, the average rate was 6.55%.

The average rate one year ago was 6.61%.

For refis of the same type during the week of 2025-06-20, the average rate was -0.1%.

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

Winston 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 Winston level.

Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
QUICKEN LOANS, LLC 227 6.36% $10,783
ATLANTIC BAY MORTGAGE GROUP, L.L.C. 182 6.55% $11,693
DHI MORTGAGE COMPANY, LTD. 127 5.05% $7,739
MOVEMENT MORTGAGE, LLC 122 6.54% $11,018
UNITED WHOLESALE MORTGAGE, LLC 85 6.03% $12,671
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 85 6.70% $10,253
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 72 6.34% $10,586
CROSSCOUNTRY MORTGAGE, LLC 56 6.50% $11,682
FREEDOM MORTGAGE CORPORATION 56 6.45% $11,464
INSPIRE HOME LOANS INC. 50 5.73% $9,052
CMG MORTGAGE, INC. 46 6.69% $10,545
BROKER SOLUTIONS, INC. 40 6.72% $11,092
LOANDEPOT.COM, LLC 40 6.21% $9,486
VANDERBILT MORTGAGE AND FINANCE, INC. 35 5.96% $13,803
PENNYMAC LOAN SERVICES, LLC 27 6.02% $10,076
UNION HOME MORTGAGE CORP. 25 6.46% $9,323
CARDINAL FINANCIAL 24 6.68% $12,026
Ameris Bank 23 6.46% $9,586
Carrington Mortgage Services, LLC 22 6.43% $9,415
Prosperity Home Mortgage, LLC 20 6.18% $11,670
ENVOY MORTGAGE, LTD 20 6.74% $12,133
Truist 18 6.63% $8,809
Mr. Cooper ( Nationstar Mortgage ) 17 6.69% $12,324
GUARANTEED RATE, INC. 17 6.49% $10,290
MICHIGAN MUTUAL, INC. 16 6.16% $8,939
CANOPY MORTGAGE, LLC 16 6.44% $13,058
Equity Prime Mortgage LLC 15 6.97% $12,416
Blue Ridge Bank 14 6.84% $9,580
Flagstar Bank, FSB 14 5.88% $9,546
SUMMIT FUNDING, INC. 14 5.94% $10,665
RELIANCE FIRST CAPITAL, LLC 13 6.71% $10,083
PULTE MORTGAGE LLC 13 5.98% $7,589
NEWREZ LLC 12 6.41% $9,820
HOWARD HANNA FINANCIAL SERVICES, INC. 12 6.51% $9,637
Ixonia Bank 12 6.46% $10,959
U.S. Bank 11 6.44% $6,440
EMM LOANS LLC 11 6.26% $13,721
PLAZA HOME MORTGAGE, INC. 10 6.56% $11,271
MUTUAL OF OMAHA MORTGAGE, INC. 10 6.48% $15,173
AMERICAN FINANCIAL RESOURCES, INC. 10 6.29% $12,265
Pinnacle Bank 9 6.36% $11,003
AMERISAVE MORTGAGE CORPORATION 9 6.25% $11,945
EAGLE HOME MORTGAGE, LLC 9 4.85% $7,473
Mortgage Research Center, LLC 8 6.88% $6,154
HOMESIDE FINANCIAL, LLC 8 6.23% $13,847
AmRes Corporation 7 6.63% $13,102
LAKEVIEW LOAN SERVICING, LLC 7 6.29% $8,842
MILEND, INC. 7 6.61% $11,771
NFM, INC. 7 7.30% $9,639
AMERICAN FINANCING CORPORATION 7 5.95% $12,763
Wolfe Financial, Inc 7 6.98% $11,395
First-Citizens Bank & Trust Company 7 5.45% $10,461
Atlantic Coast Mortgage, LLC 7 6.57% $13,044
GUILD MORTGAGE COMPANY 7 6.88% $9,809
Integrity Home Mortgage Corp 7 6.70% $11,867
MORTGAGE SOLUTIONS OF COLORADO, LLC 6 6.77% $13,899
HOMEBRIDGE FINANCIAL SERVICES, INC. 6 6.50% $6,527
ZILLOW HOME LOANS, LLC 6 6.63% $10,257
T2 FINANCIAL LLC 6 6.92% $11,800
SeaTrust Mortgage Company 6 6.56% $8,829
First National Bank of Pennsylvania 6 6.23% $8,905
Wells Fargo Bank 5 6.30% $11,996
BAY EQUITY LLC 5 6.50% $9,698
SUN WEST MORTGAGE COMPANY, INC. 5 6.33% $15,544
AMERICAN FINANCIAL NETWORK, INC. 5 7.05% $13,324
The Fidelity Bank 5 6.85% $10,253
ARK-LA-TEX FINANCIAL SERVICES, LLC. 5 6.80% $11,011
INTERCOASTAL MORTGAGE COMPANY 5 6.10% $9,368
Bank of America 4 6.25% $8,075
VILLAGE CAPITAL MORTGAGE 4 6.47% $4,177
Truliant Federal Credit Union 4 6.19% $7,377
TruHome Solutions, LLC 4 6.59% $9,952
Towne Bank 4 5.66% $11,549
TOP FLITE FINANCIAL, INC. 4 7.31% $13,626
MORTGAGE FINANCIAL GROUP, INC. 4 6.28% $10,016
CORNERSTONE HOME LENDING, INC. 4 6.72% $8,042
HALLMARK HOME MORTGAGE, LLC 4 6.41% $12,144
American Security Mortgage Corp. 4 6.28% $11,682
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 4 6.12% $13,419
LOANPAL, LLC 4 5.81% $10,758
LEADERONE FINANCIAL CORPORATION 3 6.08% $15,317
PLANET HOME LENDING, LLC 3 6.13% $6,482
PRIMARY RESIDENTIAL MORTGAGE, INC. 3 6.50% $11,585
AmeriHome Mortgage Company, LLC 3 6.54% $7,372
THE MORTGAGE FIRM, INC. 3 6.83% $11,378
TOWNE MORTGAGE COMPANY 3 6.33% $13,018
EQUITY RESOURCES, INC. 3 6.75% $9,855
VERITAS FUNDING, LLC 3 6.63% $13,855
EVERETT FINANCIAL, INC. 3 7.21% $9,437
First Federal Bank 3 6.13% $7,124
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 3 6.67% $8,819
MID AMERICA MORTGAGE, INC. 3 7.71% $9,755
MORTGAGE INVESTORS GROUP, INC. 3 6.16% $7,501
CALCON MUTUAL MORTGAGE LLC 3 7.46% $10,101
Paramount Residential Mortgage Group, Inc. 3 6.50% $9,979
Keystone Funding, Inc. 2 6.81% $12,365
Bank of England 2 6.63% $18,947
HOMESPIRE MORTGAGE CORPORATION 2 6.88% $8,643
M&T Bank 2 7.13% $7,057
GoPrime Mortgage, Inc. 2 6.44% $9,309
First Horizon Bank 2 6.81% $10,743
Plains Commerce Bank 2 6.25% $17,524
FIRST COLONY MORTGAGE CORPORATION 2 6.44% $12,729
First Bank 2 6.13% $7,927
V.I.P. MORTGAGE, INC. 2 7.12% $6,896
The Federal Savings Bank 2 6.69% $11,248
STOCKTON MORTGAGE CORPORATION 2 6.44% $8,981
ROYAL UNITED MORTGAGE LLC 2 7.19% $9,077
Century Mortgage Company DBA Century Lending Company 2 6.69% $14,937
Alcova Mortgage LLC 2 6.56% $9,718
BETTER MORTGAGE CORPORATION 2 5.12% $13,887
Renasant Bank 2 6.25% $8,507
Barrington Bank & Trust Company, N.A. 2 6.50% $8,454
MYCUMORTGAGE, LLC 1 6.63% $8,468
AFFORDABLE MORTGAGE ADVISORS, LLC. 1 6.75% $8,777
ALLIANT CREDIT UNION 1 6.13% $6,254
ALLIED MORTGAGE GROUP, INC. 1 6.63% $9,117
American Mortgage & Equity Consultants, Inc. 1 6.13% $15,128
Assurance Financial Group, L.L.C. 1 7.13% $6,552
BAY-VALLEY MORTGAGE GROUP 1 5.75% $17,375
CASTLE & COOKE MORTGAGE, LLC 1 7.25% $16,441
Chickasaw Community Bank 1 6.00% $9,073
CityWorth Mortgage LLC 1 6.63% $11,215
DELMAR FINANCIAL COMPANY 1 6.63% $9,651
DIRECT MORTGAGE LOANS, LLC 1 6.63% $9,570
Encompass Lending Group, LP 1 7.25% $13,234
EVANSVILLE TEACHERS 1 5.75% $20,095
FBC MORTGAGE, LLC 1 6.75% $8,663
FIRST ALLIANCE HOME MORTGAGE, LLC 1 6.25% $13,351
Franklin Loan Corporation 1 5.75% $19,903
Gateway First Bank 1 6.75% $8,955
GUARANTEED RATE AFFINITY, LLC 1 6.63% $13,521
GVC MORTGAGE, INC. 1 6.63% $12,381
JPMorgan Chase Bank 1 6.63% $6,986
LADERA LENDING, INC. 1 6.63% $9,061
Lakeview Community Capital, LLC 1 5.75% $14,169
LAND HOME FINANCIAL SERVICES, INC. 1 7.00% $16,363
LOANLEADERS OF AMERICA, INC. 1 7.13% $8,427
Loan Simple, Inc. 1 7.25% $8,840
ABSOLUTE HOME MORTGAGE CORPORATION 1 6.00% $10,203
NATION ONE MORTGAGE CORPORATION 1 6.75% $12,856
Nations Lending Corporation 1 6.75% $13,912
NBKC BANK 1 6.13% $7,161
NETWORK CAPITAL FUNDING CORPORATION 1 5.63% $14,397
NEW DAY FINANCIAL, LLC 1 7.38% $4,478
Northpointe Bank 1 5.50% $13,781
OCMBC, INC. 1 7.25% $12,359
ON Q FINANCIAL, INC. 1 6.25% $13,985
PNC Bank 1 6.50% $10,170
RADIUS FINANCIAL GROUP INC. 1 6.63% $3,988
Regions Bank 1 5.63% $7,378
RESIDENTIAL WHOLESALE MORTGAGE, INC. 1 6.25% $9,969
Sierra Pacific Mortgage Company, Inc. 1 6.25% $9,482
Simmons Bank 1 5.63% $11,451
SIRVA MORTGAGE, INC. 1 6.00% $5,235
Strong Home Mortgage, LLC 1 6.25% $11,288
SUCCESS MORTGAGE PARTNERS, INC. 1 6.13% $18,080
Summit Mortgage Corporation 1 7.75% $13,657
United Community Bank 1 6.50% $6,818
UNITED MORTGAGE CORP 1 5.88% $20,630
Uwharrie Bank 1 6.63% $8,897

The top Winston FHA lender as defined by loan originations is QUICKEN LOANS, LLC, with 227 FHA loans originated. Their average total fees are $10,783, which is $911 lower than the next largest lender, ATLANTIC BAY MORTGAGE GROUP, L.L.C..

The lowest fee Winston FHA lenders (with over 10 loans originated) are U.S. Bank ($6,440), PULTE MORTGAGE LLC ($7,589), DHI MORTGAGE COMPANY, LTD. ($7,739), Truist ($8,809) and MICHIGAN MUTUAL, INC. ($8,939).

The lowest rate Winston FHA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (5.05%), INSPIRE HOME LOANS INC. (5.73%), Flagstar Bank, FSB (5.88%), SUMMIT FUNDING, INC. (5.94%) and VANDERBILT MORTGAGE AND FINANCE, INC. (5.96%).

Winston FHA Loan Limits

Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
WINSTON-SALEM, NC DAVIDSON 2022 $420,680 $538,650 $651,050 $809,150
WINSTON-SALEM, NC DAVIE 2022 $420,680 $538,650 $651,050 $809,150
WINSTON-SALEM, NC FORSYTH 2022 $420,680 $538,650 $651,050 $809,150
WINSTON-SALEM, NC STOKES 2022 $420,680 $538,650 $651,050 $809,150
WINSTON-SALEM, NC YADKIN 2022 $420,680 $538,650 $651,050 $809,150
WINSTON-SALEM, NC DAVIDSON 2023 $472,030 $604,400 $730,525 $907,900
WINSTON-SALEM, NC DAVIE 2023 $472,030 $604,400 $730,525 $907,900
WINSTON-SALEM, NC FORSYTH 2023 $472,030 $604,400 $730,525 $907,900
WINSTON-SALEM, NC STOKES 2023 $472,030 $604,400 $730,525 $907,900
WINSTON-SALEM, NC YADKIN 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).