North Carolina FHA Loan Rates, Closing Costs & Stats

North Carolina

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.

North Carolina FHA Loans, 30 Year Fixed Rates

30 Year FHA mortgages in North Carolina averaged 6.45% for the week of 2024-05-24, compared to the national average (all FHA variants) of 6.746% for the same period.

North Carolina's average FHA mortgage closing costs are $7,834.

The average rate for the prior week (2024-05-17) was 6.35% and one month ago for the week of 2024-04-19, the average rate was 6.86%.

The average rate one year ago was 6.29%.

For refis of the same type during the week of 2024-05-24, the average rate was 6.65%.

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

North Carolina 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 North Carolina level.

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
QUICKEN LOANS, LLC 2,917 6.22% $11,253
MOVEMENT MORTGAGE, LLC 1,546 6.63% $11,721
UNITED WHOLESALE MORTGAGE, LLC 1,501 6.25% $12,609
ATLANTIC BAY MORTGAGE GROUP, L.L.C. 1,239 6.67% $11,335
LOANDEPOT.COM, LLC 1,006 6.21% $11,064
DHI MORTGAGE COMPANY, LTD. 974 5.42% $7,512
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 781 6.73% $10,257
CROSSCOUNTRY MORTGAGE, LLC 721 6.75% $11,743
CARDINAL FINANCIAL 481 6.59% $12,497
NVR Mortgage Finance, Inc. 462 5.80% $13,106
FREEDOM MORTGAGE CORPORATION 393 6.82% $13,301
BROKER SOLUTIONS, INC. 373 6.65% $11,809
American Security Mortgage Corp. 367 6.37% $10,892
CORNERSTONE HOME LENDING, INC. 329 6.58% $12,204
NEWREZ LLC 315 6.45% $10,417
PENNYMAC LOAN SERVICES, LLC 308 6.11% $13,827
GUARANTEED RATE, INC. 297 6.46% $11,027
Mr. Cooper ( Nationstar Mortgage ) 282 6.11% $14,573
AMERISAVE MORTGAGE CORPORATION 238 6.11% $13,613
Truist 219 6.22% $10,192
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 216 6.79% $10,746
INSPIRE HOME LOANS INC. 213 5.88% $9,628
UNION HOME MORTGAGE CORP. 211 6.72% $10,446
Carrington Mortgage Services, LLC 202 6.26% $11,164
Alcova Mortgage LLC 192 6.90% $9,021
CMG MORTGAGE, INC. 186 6.72% $11,072
MATTAMY HOME FUNDING, LLC 180 5.67% $11,877
INTERCOASTAL MORTGAGE COMPANY 179 6.55% $9,277
EAGLE HOME MORTGAGE, LLC 169 6.08% $8,566
MUTUAL OF OMAHA MORTGAGE, INC. 169 6.60% $13,243
NFM, INC. 165 6.74% $12,205
GUILD MORTGAGE COMPANY 138 6.70% $10,941
GoPrime Mortgage, Inc. 134 6.77% $11,682
Prosperity Home Mortgage, LLC 129 6.46% $11,540
Blue Ridge Bank 128 6.48% $10,147
HOMESIDE FINANCIAL, LLC 127 6.53% $12,272
SeaTrust Mortgage Company 126 6.54% $12,679
RELIANCE FIRST CAPITAL, LLC 120 6.62% $12,342
ACADEMY MORTGAGE CORPORATION 120 6.76% $11,230
VANDERBILT MORTGAGE AND FINANCE, INC. 119 6.13% $14,923
Northpointe Bank 118 6.46% $11,208
PULTE MORTGAGE LLC 115 5.61% $8,719
HOMESTAR FINANCIAL CORPORATION 115 6.68% $8,831
PRIMELENDING, A PLAINSCAPITAL COMPANY 110 6.46% $14,337
Equity Prime Mortgage LLC 109 6.84% $12,134
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 108 6.68% $11,865
JET HOMELOANS, LLC 104 5.94% $11,586
Towne Bank 100 6.47% $12,242
AMERICAN FINANCIAL RESOURCES, INC. 100 6.14% $12,522
PRIMARY RESIDENTIAL MORTGAGE, INC. 98 6.56% $13,638
Mortgage Research Center, LLC 97 6.94% $7,730
TOP FLITE FINANCIAL, INC. 93 6.71% $13,555
Integrity Home Mortgage Corp 92 6.77% $10,555
LAKEVIEW LOAN SERVICING, LLC 92 6.12% $11,331
Ameris Bank 91 6.45% $10,034
ZILLOW HOME LOANS, LLC 88 6.26% $11,753
Flagstar Bank, FSB 84 6.42% $11,838
PLAZA HOME MORTGAGE, INC. 80 6.47% $11,672
EMM LOANS LLC 79 6.23% $13,047
AMERICAN FINANCIAL NETWORK, INC. 78 6.97% $13,221
LOANPAL, LLC 77 5.91% $12,738
The Federal Savings Bank 72 6.52% $13,906
Atlantic Coast Mortgage, LLC 71 6.52% $10,953
MORTGAGE SOLUTIONS OF COLORADO, LLC 70 7.18% $10,869
HOMEBRIDGE FINANCIAL SERVICES, INC. 69 6.19% $11,287
Nations Lending Corporation 67 6.67% $10,771
VILLAGE CAPITAL MORTGAGE 67 6.10% $10,613
MICHIGAN MUTUAL, INC. 64 5.59% $12,871
Wells Fargo Bank 63 6.33% $9,670
T2 FINANCIAL LLC 62 6.84% $12,323
MILEND, INC. 61 6.81% $14,554
M/I FINANCIAL, LLC 61 6.09% $14,857
Plains Commerce Bank 61 6.34% $11,422
SUN WEST MORTGAGE COMPANY, INC. 61 6.36% $12,328
Paramount Residential Mortgage Group, Inc. 61 6.69% $11,091
First-Citizens Bank & Trust Company 60 6.17% $9,578
First Federal Bank 59 6.37% $7,837
SOUTHERN TRUST MORTGAGE, LLC 59 6.71% $11,120
RAPID MORTGAGE COMPANY 58 6.68% $13,172
EVERETT FINANCIAL, INC. 56 6.99% $10,034
AMERICAN FINANCING CORPORATION 55 6.43% $11,409
U.S. Bank 55 6.40% $9,194
ON Q FINANCIAL, INC. 54 6.82% $10,795
North State Bank 54 6.51% $10,272
First Heritage Mortgage, LLC 50 6.46% $12,353
Uwharrie Bank 50 6.60% $11,337
VELOCIO MORTGAGE L.L.C. 49 5.91% $12,343
PLANET HOME LENDING, LLC 47 6.07% $9,530
KBHS HOME LOANS, LLC 47 6.12% $15,298
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 45 6.60% $12,352
EQUITY RESOURCES, INC. 44 6.68% $8,703
United Community Bank 43 6.23% $11,283
CALCON MUTUAL MORTGAGE LLC 42 6.91% $15,494
HOMESPIRE MORTGAGE CORPORATION 41 6.73% $8,248
TOWNE MORTGAGE COMPANY 40 6.84% $11,202
Towne Mortgage of the Carolinas, LLC 40 6.73% $12,098
FBC MORTGAGE, LLC 40 5.74% $11,829
HOWARD HANNA FINANCIAL SERVICES, INC. 39 6.87% $10,543
Truliant Federal Credit Union 37 6.12% $8,754
Renasant Bank 37 6.57% $10,173
AMERICAN PACIFIC MORTGAGE CORPORATION 36 6.68% $12,846
MID AMERICA MORTGAGE, INC. 36 7.06% $12,183
Lakeview Community Capital, LLC 35 6.04% $12,127
BAY EQUITY LLC 35 6.46% $13,321
Wolfe Financial, Inc 34 6.93% $9,062
Shamrock Home Loans, Inc. 33 6.56% $11,024
Fifth Third Bank 31 6.46% $6,974
Victorian Finance, LLC 31 6.80% $10,625
LEGEND LENDING CORPORATION 30 6.86% $16,557
Bank of England 30 6.70% $11,968
Regions Bank 30 6.04% $10,756
PNC Bank 29 6.63% $7,651
PENTAGON FEDERAL CREDIT UNION 28 5.89% $9,977
SUCCESS MORTGAGE PARTNERS, INC. 28 6.76% $10,676
THRIVE MORTGAGE, LLC 27 6.70% $13,230
The Fidelity Bank 26 6.85% $10,024
TIDEWATER MORTGAGE SERVICES, INC. 25 6.63% $11,117
Corporate Investors Mortgage Group, Inc. 25 6.63% $11,054
ARK-LA-TEX FINANCIAL SERVICES, LLC. 25 6.67% $12,076
PHH Mortgage Corporation 25 6.39% $9,010
PREMIER LENDING, INC. 24 6.75% $13,761
GUARANTEED RATE AFFINITY, LLC 24 6.84% $10,925
Pinnacle Bank 23 6.40% $9,013
VERITAS FUNDING, LLC 23 6.79% $17,534
AmeriHome Mortgage Company, LLC 23 6.51% $11,466
POLARIS HOME FUNDING CORP. 23 6.85% $11,624
ALLIED MORTGAGE GROUP, INC. 22 6.43% $12,419
Citizens Bank 22 6.36% $9,217
GENEVA FINANCIAL, LLC 22 6.69% $13,099
CALIBER HOME LOANS, INC. 22 6.25% $10,250
FIRST HOME MORTGAGE CORPORATION 22 6.69% $12,896
NBKC BANK 22 6.01% $10,080
CHURCHILL MORTGAGE CORPORATION 21 6.49% $12,223
Sierra Pacific Mortgage Company, Inc. 21 6.73% $10,791
Bank of America 20 6.48% $8,504
M&T Bank 20 6.54% $9,612
Encompass Lending Group, LP 20 6.51% $11,626
RADIUS FINANCIAL GROUP INC. 20 6.64% $12,287
Keystone Funding, Inc. 20 6.21% $11,536
JPMorgan Chase Bank 19 6.43% $8,850
First National Bank of Pennsylvania 19 6.17% $10,509
SECURITYNATIONAL MORTGAGE COMPANY 19 6.66% $10,755
TJC Mortgage, Inc. 19 6.77% $13,283
Barrington Bank & Trust Company, N.A. 19 6.65% $10,657
American Mortgage & Equity Consultants, Inc. 19 6.95% $11,153
First Bank 18 6.00% $9,613
DELMAR FINANCIAL COMPANY 17 6.86% $10,621
BETTER MORTGAGE CORPORATION 17 6.01% $11,257
1ST SIGNATURE LENDING, LLC 17 7.04% $12,944
OCMBC, INC. 17 7.35% $12,627
MDE Home Loans, LLC 16 6.60% $10,727
South Pacific Financial Corporation 16 6.19% $11,951
LADERA LENDING, INC. 16 6.44% $12,410
ACOPIA, LLC 16 6.93% $13,105
RUOFF MORTGAGE COMPANY, INC. 16 6.09% $6,328
The Central Trust Bank 15 6.60% $9,372
Century Mortgage Company DBA Century Lending Company 15 6.46% $12,639
CBM Mortgage, Inc. 15 6.28% $10,436
CITY FIRST MORTGAGE SERVICES, L.L.C. 14 6.84% $12,473
LIBERTY HOME MORTGAGE CORPORATION 14 6.87% $14,552
Gateway First Bank 14 6.81% $9,268
First Horizon Bank 14 6.40% $10,729
NETWORK CAPITAL FUNDING CORPORATION 13 6.26% $10,386
BAYSHORE MORTGAGE FUNDING, LLC 13 6.95% $12,163
EMBRACE HOME LOANS, INC. 13 6.62% $11,381
NATIONWIDE MORTGAGE BANKERS, INC. 13 6.98% $12,117
PANORAMA MORTGAGE GROUP, LLC 13 6.87% $10,131
TOTAL MORTGAGE SERVICES, LLC 13 6.94% $10,460
C & F Mortgage Corporation 12 6.90% $8,817
ROYAL UNITED MORTGAGE LLC 12 6.94% $9,803
MORTGAGE FINANCIAL GROUP, INC. 12 6.51% $12,837
LOANLEADERS OF AMERICA, INC. 12 5.91% $14,021
NATIONS DIRECT MORTGAGE, LLC 12 6.60% $11,533
Strong Home Mortgage, LLC 11 5.99% $10,184
SOUTHEAST MORTGAGE OF GEORGIA, INC. 11 6.75% $11,618
South State Bank 11 6.42% $10,975
CAPITAL CENTER, L.L.C. 11 6.36% $9,199
SWBC MORTGAGE CORPORATION 11 6.65% $10,187
United Bank 10 6.49% $9,056
ENVOY MORTGAGE, LTD 10 6.58% $10,962
FIRST COMMUNITY MORTGAGE, INC. 10 7.01% $10,853
GSF Mortgage Corporation 10 6.08% $10,235
ABSOLUTE HOME MORTGAGE CORPORATION 10 7.00% $15,407
NEW DAY FINANCIAL, LLC 9 7.55% $8,237
STOCKTON MORTGAGE CORPORATION 9 6.88% $11,015
RESOURCE FINANCIAL SERVICES, INC. 9 6.46% $11,570
MIDLAND MORTGAGE CORPORATION 9 6.56% $13,713
AMCAP MORTGAGE, LTD. 8 7.03% $14,271
FIRST ALLIANCE HOME MORTGAGE, LLC 8 6.91% $15,963
MORTGAGE INVESTORS GROUP, INC. 8 6.80% $10,298
CONTOUR MORTGAGE CORPORATION 8 6.25% $16,722
LAND HOME FINANCIAL SERVICES, INC. 8 6.95% $11,970
PREMIA MORTGAGE, LLC 8 6.31% $8,116
DAS Acquisition Company, LLC 7 6.71% $13,600
HOMEOWNERS FINANCIAL GROUP USA, LLC 7 6.45% $11,916
MLD MORTGAGE INC. 7 6.00% $10,357
Platinum Home Mortgage Corporation 7 6.80% $12,448
SOUTHPOINT FINANCIAL SERVICES, INC. 7 6.66% $10,555
Residential Mortgage Solutions, Inc. 7 6.68% $13,934
CASTLE & COOKE MORTGAGE, LLC 7 6.71% $13,056
SOUTHWEST STAGE FUNDING, LLC 7 6.98% $7,703
NTFN, INC. 7 6.05% $9,053
CityWorth Mortgage LLC 7 6.64% $15,034
OPEN MORTGAGE, LLC 7 7.25% $15,757
Evolve Bank & Trust 7 6.71% $13,899
SOVEREIGN LENDING GROUP INCORPORATED 6 5.69% $11,832
Tidewater Home Funding, LLC 6 6.65% $6,742
Advance Financial Group, LLC 6 6.58% $11,321
Magnolia Bank 6 6.44% $12,009
VAN DYK MORTGAGE CORPORATION 5 6.80% $8,277
HALLMARK HOME MORTGAGE, LLC 5 7.03% $9,389
Capital Bank 5 6.60% $14,439
NORWICH COMMERCIAL GROUP, INC. 5 7.00% $9,705
Towne Mortgage, LLC 5 6.55% $11,761
AXIA FINANCIAL, LLC 5 7.05% $13,635
North American Savings Bank, F.S.B. 5 5.85% $11,000
FIDELITY DIRECT MORTGAGE, LLC 5 7.15% $13,189
FIRST EQUITY MORTGAGE INCORPORATED 4 6.66% $11,542
CREDIT UNION MORTGAGE ASSOCIATION, INC. 4 6.81% $7,959
LEADERONE FINANCIAL CORPORATION 4 6.47% $12,818
Arvest Bank 4 6.06% $10,716
Mid-Continent Funding, Inc. 4 6.34% $7,970
HOMESTEAD FUNDING CORP. 4 6.50% $10,728
Ixonia Bank 4 7.22% $15,888
Bell Bank 4 6.69% $12,863
Allen Tate Mortgage Partners, LLC 4 6.97% $8,536
THE MORTGAGE FIRM, INC. 4 6.66% $13,256
TD Bank 4 5.97% $9,382
SUMMIT FUNDING, INC. 4 6.59% $14,410
OCEANSIDE MORTGAGE COMPANY 4 6.44% $5,792
DIRECT MORTGAGE LOANS, LLC 4 6.28% $10,747
FAIR WAY LENDING LLC 4 5.94% $11,380
SIRVA MORTGAGE, INC. 4 6.88% $5,978
Neighborhood Loans, Inc. 3 6.46% $10,740
SHELTER HOME MORTGAGE, LLC 3 6.54% $12,637
INTERLINC MORTGAGE SERVICES, LLC 3 6.88% $12,222
US MORTGAGE CORPORATION 3 6.88% $13,591
Paramount Bank 3 7.00% $8,973
FIRST CONTINENTAL MORTGAGE, LTD. 3 6.46% $8,991
MY MORTGAGE, INC. 3 6.63% $8,389
JMAC LENDING, INC. 3 6.79% $17,592
George Mason Mortgage, LLC 3 5.83% $11,617
BECKAM FUNDING CORP. 3 7.25% $10,753
Mortgage Assurance Inc. 3 6.17% $9,840
Presidential Bank, FSB 3 6.54% $11,678
CHERRY CREEK MORTGAGE, LLC 3 6.63% $3,759
Chickasaw Community Bank 3 6.88% $8,459
AMERICAN PORTFOLIO MORTGAGE CORPORATION 3 6.75% $7,551
Meridian Bank Corporation 3 6.58% $11,219
RESIDENTIAL BANCORP 3 6.83% $6,864
Southern First Bank 3 6.33% $11,392
East Coast Capital Corp. 3 6.83% $11,362
SFMC, LP 3 6.91% $12,997
NP, Inc. 3 6.79% $16,173
NEXERA HOLDING LLC 3 5.54% $9,664
First Palmetto Bank 3 6.91% $5,546
AMERICAN NATIONWIDE MORTGAGE COMPANY, INC. 3 6.58% $12,602
JET DIRECT FUNDING CORP 2 7.25% $15,441
MEADOWBROOK FINANCIAL MORTGAGE BANKERS CORP. 2 6.50% $14,554
MEMBER FIRST MORTGAGE, LLC 2 6.88% $14,416
MLB RESIDENTIAL LENDING, LLC 2 6.81% $13,124
GARDNER FINANCIAL SERVICES, LTD. 2 6.56% $21,526
MYCUMORTGAGE, LLC 2 6.50% $7,473
NATION ONE MORTGAGE CORPORATION 2 6.75% $18,542
FLAT BRANCH MORTGAGE, INC. 2 7.19% $9,670
First Savings Bank 2 5.63% $18,577
NEW FED MORTGAGE, CORP. 2 6.44% $10,503
First Option Mortgage, LLC 2 7.06% $11,525
First Federal Bank of the Midwest 2 6.19% $9,731
Wyndham Capital Mortgage, Inc. 2 6.00% $10,703
Princeton Mortgage Corporation 2 6.44% $16,031
Cornerstone First Mortgage, Inc 2 6.49% $19,099
Colonial Savings, F.A. 2 6.69% $16,090
CIS Financial Services, Inc. 2 7.00% $12,096
RESIDENTIAL HOME FUNDING CORP. 2 5.81% $10,259
ROSS MORTGAGE CORPORATION 2 7.31% $12,734
CERTAINTY HOME LOANS, LLC 2 6.00% $9,440
TBI MORTGAGE COMPANY 2 5.93% $20,973
BM Real Estate Services, Inc. 2 6.94% $10,335
Atlantic Union Bank 2 6.38% $13,657
TruHome Solutions, LLC 2 5.88% $6,911
ANGEL OAK HOME LOANS LLC 2 7.19% $13,234
UNITED 2 7.25% $9,396
United Fidelity Funding Corp. 2 6.75% $15,633
UNITED NORTHERN MORTGAGE BANKERS LIMITED 2 6.81% $13,811
Vellum Mortgage, Inc. 2 7.13% $10,436
Advisors Mortgage Group, L.L.C. 2 6.56% $10,470
Kwik Mortgage Corporation 2 6.19% $9,909
EUSTIS AND AMERICAN MORTGAGE COMPANY 1 6.63% $10,173
PIKE CREEK MORTGAGE SERVICES, INC. 1 7.13% $8,393
FIRST COLONY MORTGAGE CORPORATION 1 7.25% $9,858
First Financial Bank 1 6.63% $10,624
First Internet Bank of Indiana 1 7.00% $3,942
FIRST MORTGAGE COMPANY, INC. 1 7.00% $8,898
NORTHERN MORTGAGE SERVICES, LLC 1 7.00% $6,821
NMSI, INC. 1 6.25% $8,983
NexBank 1 6.00% $14,624
Network Funding, L.P. 1 6.25% $10,064
CANOPY MORTGAGE, LLC 1 7.13% $6,404
Leader Bank 1 6.75% $8,408
First Reliance Bank 1 6.75% $7,881
BOND STREET MORTGAGE, LLC 1 6.63% $9,764
BOKF 1 6.63% $17,279
LOANFLIGHT LENDING, LLC 1 6.99% $12,000
The Freedom Bank of Virginia 1 5.63% $10,379
The Huntington National Bank 1 6.13% $15,347
The Loan Store, Inc. 1 7.49% $17,021
Acre Mortgage and Financial Inc 1 7.13% $22,949
GEO-CORP, INC. 1 7.13% $11,970
MOUNTAIN WEST FINANCIAL, INC. 1 6.75% $11,149
GUARANTY HOME MORTGAGE CORPORATION 1 6.75% $5,356
BAY-VALLEY MORTGAGE GROUP 1 7.38% $7,912
BancorpSouth 1 6.38% $6,957
Mortgage Lenders Investment Trading Corporation 1 5.50% $14,754
BANC ONE MORTGAGE CORPORATION 1 7.75% $1,995
MORTGAGE EQUITY PARTNERS LLC 1 7.25% $32,898
MORIA DEVELOPMENT, INC. 1 6.88% $7,256
ALAMEDA MORTGAGE CORPORATION 1 6.75% $8,881
ISERVE RESIDENTIAL LENDING, LLC 1 6.25% $20,846
Hometown Equity Mortgage, LLC 1 5.63% $10,160
INTERNATIONAL CITY MORTGAGE, INC. 1 5.50% $8,527
HOMEXPRESS MORTGAGE CORP. 1 7.75% $13,321
Waterstone Mortgage Corporation 1 7.25% $10,397
MEMBERS 1ST FEDERAL CREDIT UNION 1 6.63% $7,818
HUNT MORTGAGE CORPORATION 1 6.50% $8,832
A&D Mortgage LLC 1 6.00% $17,080
Willamette Valley Bank 1 6.75% $13,188
UNITED SECURITY FINANCIAL CORP 1 7.38% $20,356
AMERICAN FEDERAL MORTGAGE CORPORATION 1 6.25% $9,068
AMERICAN BANCSHARES MORTGAGE 1 6.88% $12,980
MCLEAN MORTGAGE CORPORATION 1 5.50% $6,045
INTERCAP LENDING INC. 1 6.50% $11,911
ALTITUDE FINANCIAL CORPORATION 1 6.75% $5,511
CLIFFCO, INC. 1 6.50% $14,135
Semper Home Loans, Inc. 1 6.63% $9,072
ServisFirst Bank 1 5.25% $12,402
COMPASS MORTGAGE, INC. 1 7.25% $7,236
MANN FINANCIAL INC. 1 7.00% $8,273
Preston Home Loans Inc 1 6.50% $16,248
Centennial Bank 1 8.13% $13,585
PREMIER MORTGAGE RESOURCES, L.L.C. 1 7.25% $5,193
DRAPER AND KRAMER MORTGAGE CORP. 1 6.13% $9,916
POINT Mortgage 1 6.75% $9,098
PLUS RELOCATION MORTGAGE, LLC 1 6.25% $11,835
Capital City Home Loans, LLC 1 6.75% $14,788

The top North Carolina FHA lender as defined by loan originations is QUICKEN LOANS, LLC, with 2,917 FHA loans originated. Their average total fees are $11,253, which is $468 lower than the next largest lender, MOVEMENT MORTGAGE, LLC.

The lowest fee North Carolina FHA lenders (with over 10 loans originated) are RUOFF MORTGAGE COMPANY, INC. ($6,328), Fifth Third Bank ($6,974), DHI MORTGAGE COMPANY, LTD. ($7,512), PNC Bank ($7,651) and Mortgage Research Center, LLC ($7,730).

The lowest rate North Carolina FHA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (5.42%), MICHIGAN MUTUAL, INC. (5.59%), PULTE MORTGAGE LLC (5.61%), MATTAMY HOME FUNDING, LLC (5.67%) and FBC MORTGAGE, LLC (5.74%).

North Carolina FHA Loan Limits

Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
BURLINGTON, NC ALAMANCE 2022 $420,680 $538,650 $651,050 $809,150
HICKORY-LENOIR-MORGANTON, NC ALEXANDER 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO ALLEGHANY 2022 $420,680 $538,650 $651,050 $809,150
CHARLOTTE-CONCORD-GASTONIA, NC-SC ANSON 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO ASHE 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO AVERY 2022 $420,680 $538,650 $651,050 $809,150
WASHINGTON, NC BEAUFORT 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO BERTIE 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO BLADEN 2022 $420,680 $538,650 $651,050 $809,150
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC BRUNSWICK 2022 $420,680 $538,650 $651,050 $809,150
ASHEVILLE, NC BUNCOMBE 2022 $420,680 $538,650 $651,050 $809,150
HICKORY-LENOIR-MORGANTON, NC BURKE 2022 $420,680 $538,650 $651,050 $809,150
CHARLOTTE-CONCORD-GASTONIA, NC-SC CABARRUS 2022 $420,680 $538,650 $651,050 $809,150
HICKORY-LENOIR-MORGANTON, NC CALDWELL 2022 $420,680 $538,650 $651,050 $809,150
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC CAMDEN 2022 $488,750 $625,700 $756,300 $939,900
MOREHEAD CITY, NC CARTERET 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO CASWELL 2022 $420,680 $538,650 $651,050 $809,150
HICKORY-LENOIR-MORGANTON, NC CATAWBA 2022 $420,680 $538,650 $651,050 $809,150
DURHAM-CHAPEL HILL, NC CHATHAM 2022 $506,000 $647,750 $783,000 $973,100
NON-METRO CHEROKEE 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO CHOWAN 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO CLAY 2022 $420,680 $538,650 $651,050 $809,150
SHELBY, NC CLEVELAND 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO COLUMBUS 2022 $420,680 $538,650 $651,050 $809,150
NEW BERN, NC CRAVEN 2022 $420,680 $538,650 $651,050 $809,150
FAYETTEVILLE, NC CUMBERLAND 2022 $420,680 $538,650 $651,050 $809,150
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC CURRITUCK 2022 $488,750 $625,700 $756,300 $939,900
KILL DEVIL HILLS, NC DARE 2022 $471,500 $603,600 $729,600 $906,750
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
NON-METRO DUPLIN 2022 $420,680 $538,650 $651,050 $809,150
DURHAM-CHAPEL HILL, NC DURHAM 2022 $506,000 $647,750 $783,000 $973,100
ROCKY MOUNT, NC EDGECOMBE 2022 $420,680 $538,650 $651,050 $809,150
WINSTON-SALEM, NC FORSYTH 2022 $420,680 $538,650 $651,050 $809,150
RALEIGH-CARY, NC FRANKLIN 2022 $420,680 $538,650 $651,050 $809,150
CHARLOTTE-CONCORD-GASTONIA, NC-SC GASTON 2022 $420,680 $538,650 $651,050 $809,150
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC GATES 2022 $488,750 $625,700 $756,300 $939,900
NON-METRO GRAHAM 2022 $420,680 $538,650 $651,050 $809,150
DURHAM-CHAPEL HILL, NC GRANVILLE 2022 $506,000 $647,750 $783,000 $973,100
NON-METRO GREENE 2022 $420,680 $538,650 $651,050 $809,150
GREENSBORO-HIGH POINT, NC GUILFORD 2022 $420,680 $538,650 $651,050 $809,150
ROANOKE RAPIDS, NC HALIFAX 2022 $420,680 $538,650 $651,050 $809,150
FAYETTEVILLE, NC HARNETT 2022 $420,680 $538,650 $651,050 $809,150
ASHEVILLE, NC HAYWOOD 2022 $420,680 $538,650 $651,050 $809,150
ASHEVILLE, NC HENDERSON 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO HERTFORD 2022 $420,680 $538,650 $651,050 $809,150
FAYETTEVILLE, NC HOKE 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO HYDE 2009 $483,000 $618,300 $747,400 $928,850
CHARLOTTE-CONCORD-GASTONIA, NC-SC IREDELL 2022 $420,680 $538,650 $651,050 $809,150
CULLOWHEE, NC JACKSON 2022 $420,680 $538,650 $651,050 $809,150
RALEIGH-CARY, NC JOHNSTON 2022 $420,680 $538,650 $651,050 $809,150
NEW BERN, NC JONES 2022 $420,680 $538,650 $651,050 $809,150
SANFORD, NC LEE 2022 $420,680 $538,650 $651,050 $809,150
KINSTON, NC LENOIR 2022 $420,680 $538,650 $651,050 $809,150
CHARLOTTE-CONCORD-GASTONIA, NC-SC LINCOLN 2022 $420,680 $538,650 $651,050 $809,150
MARION, NC MCDOWELL 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO MACON 2022 $420,680 $538,650 $651,050 $809,150
ASHEVILLE, NC MADISON 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO MARTIN 2022 $420,680 $538,650 $651,050 $809,150
CHARLOTTE-CONCORD-GASTONIA, NC-SC MECKLENBURG 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO MITCHELL 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO MONTGOMERY 2022 $420,680 $538,650 $651,050 $809,150
PINEHURST-SOUTHERN PINES, NC MOORE 2022 $420,680 $538,650 $651,050 $809,150
ROCKY MOUNT, NC NASH 2022 $420,680 $538,650 $651,050 $809,150
WILMINGTON, NC NEW HANOVER 2022 $420,680 $538,650 $651,050 $809,150
ROANOKE RAPIDS, NC NORTHAMPTON 2022 $420,680 $538,650 $651,050 $809,150
JACKSONVILLE, NC ONSLOW 2022 $420,680 $538,650 $651,050 $809,150
DURHAM-CHAPEL HILL, NC ORANGE 2022 $506,000 $647,750 $783,000 $973,100
NEW BERN, NC PAMLICO 2022 $420,680 $538,650 $651,050 $809,150
ELIZABETH CITY, NC PASQUOTANK 2021 $805,000 $1,030,550 $1,245,700 $1,548,100
WILMINGTON, NC PENDER 2022 $420,680 $538,650 $651,050 $809,150
ELIZABETH CITY, NC PERQUIMANS 2021 $805,000 $1,030,550 $1,245,700 $1,548,100
DURHAM-CHAPEL HILL, NC PERSON 2022 $506,000 $647,750 $783,000 $973,100
GREENVILLE, NC PITT 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO POLK 2022 $420,680 $538,650 $651,050 $809,150
GREENSBORO-HIGH POINT, NC RANDOLPH 2022 $420,680 $538,650 $651,050 $809,150
ROCKINGHAM, NC RICHMOND 2022 $420,680 $538,650 $651,050 $809,150
LUMBERTON, NC ROBESON 2022 $420,680 $538,650 $651,050 $809,150
GREENSBORO-HIGH POINT, NC ROCKINGHAM 2022 $420,680 $538,650 $651,050 $809,150
CHARLOTTE-CONCORD-GASTONIA, NC-SC ROWAN 2022 $420,680 $538,650 $651,050 $809,150
FOREST CITY, NC RUTHERFORD 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO SAMPSON 2022 $420,680 $538,650 $651,050 $809,150
LAURINBURG, NC SCOTLAND 2022 $420,680 $538,650 $651,050 $809,150
ALBEMARLE, NC STANLY 2022 $420,680 $538,650 $651,050 $809,150
WINSTON-SALEM, NC STOKES 2022 $420,680 $538,650 $651,050 $809,150
MOUNT AIRY, NC SURRY 2022 $420,680 $538,650 $651,050 $809,150
CULLOWHEE, NC SWAIN 2022 $420,680 $538,650 $651,050 $809,150
BREVARD, NC TRANSYLVANIA 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO TYRRELL 2022 $420,680 $538,650 $651,050 $809,150
CHARLOTTE-CONCORD-GASTONIA, NC-SC UNION 2022 $420,680 $538,650 $651,050 $809,150
HENDERSON, NC VANCE 2022 $420,680 $538,650 $651,050 $809,150
RALEIGH-CARY, NC WAKE 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO WARREN 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO WASHINGTON 2022 $420,680 $538,650 $651,050 $809,150
BOONE, NC WATAUGA 2022 $420,680 $538,650 $651,050 $809,150
GOLDSBORO, NC WAYNE 2022 $420,680 $538,650 $651,050 $809,150
NORTH WILKESBORO, NC WILKES 2022 $420,680 $538,650 $651,050 $809,150
WILSON, NC WILSON 2022 $420,680 $538,650 $651,050 $809,150
WINSTON-SALEM, NC YADKIN 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO YANCEY 2022 $420,680 $538,650 $651,050 $809,150
BURLINGTON, NC ALAMANCE 2023 $472,030 $604,400 $730,525 $907,900
HICKORY-LENOIR-MORGANTON, NC ALEXANDER 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO ALLEGHANY 2023 $472,030 $604,400 $730,525 $907,900
CHARLOTTE-CONCORD-GASTONIA, NC-SC ANSON 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO ASHE 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO AVERY 2023 $472,030 $604,400 $730,525 $907,900
WASHINGTON, NC BEAUFORT 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO BERTIE 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO BLADEN 2023 $472,030 $604,400 $730,525 $907,900
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC BRUNSWICK 2023 $472,030 $604,400 $730,525 $907,900
ASHEVILLE, NC BUNCOMBE 2023 $472,030 $604,400 $730,525 $907,900
HICKORY-LENOIR-MORGANTON, NC BURKE 2023 $472,030 $604,400 $730,525 $907,900
CHARLOTTE-CONCORD-GASTONIA, NC-SC CABARRUS 2023 $472,030 $604,400 $730,525 $907,900
HICKORY-LENOIR-MORGANTON, NC CALDWELL 2023 $472,030 $604,400 $730,525 $907,900
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC CAMDEN 2023 $507,150 $649,250 $784,800 $975,300
MOREHEAD CITY, NC CARTERET 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO CASWELL 2023 $472,030 $604,400 $730,525 $907,900
HICKORY-LENOIR-MORGANTON, NC CATAWBA 2023 $472,030 $604,400 $730,525 $907,900
DURHAM-CHAPEL HILL, NC CHATHAM 2023 $602,600 $771,450 $932,500 $1,158,850
NON-METRO CHEROKEE 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO CHOWAN 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO CLAY 2023 $472,030 $604,400 $730,525 $907,900
SHELBY, NC CLEVELAND 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO COLUMBUS 2023 $472,030 $604,400 $730,525 $907,900
NEW BERN, NC CRAVEN 2023 $472,030 $604,400 $730,525 $907,900
FAYETTEVILLE, NC CUMBERLAND 2023 $472,030 $604,400 $730,525 $907,900
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC CURRITUCK 2023 $507,150 $649,250 $784,800 $975,300
KILL DEVIL HILLS, NC DARE 2023 $603,750 $772,900 $934,250 $1,161,050
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
NON-METRO DUPLIN 2023 $472,030 $604,400 $730,525 $907,900
DURHAM-CHAPEL HILL, NC DURHAM 2023 $602,600 $771,450 $932,500 $1,158,850
ROCKY MOUNT, NC EDGECOMBE 2023 $472,030 $604,400 $730,525 $907,900
WINSTON-SALEM, NC FORSYTH 2023 $472,030 $604,400 $730,525 $907,900
RALEIGH-CARY, NC FRANKLIN 2023 $502,550 $643,350 $777,650 $966,450
CHARLOTTE-CONCORD-GASTONIA, NC-SC GASTON 2023 $472,030 $604,400 $730,525 $907,900
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC GATES 2023 $507,150 $649,250 $784,800 $975,300
NON-METRO GRAHAM 2023 $472,030 $604,400 $730,525 $907,900
DURHAM-CHAPEL HILL, NC GRANVILLE 2023 $602,600 $771,450 $932,500 $1,158,850
NON-METRO GREENE 2023 $472,030 $604,400 $730,525 $907,900
GREENSBORO-HIGH POINT, NC GUILFORD 2023 $472,030 $604,400 $730,525 $907,900
ROANOKE RAPIDS, NC HALIFAX 2023 $472,030 $604,400 $730,525 $907,900
FAYETTEVILLE, NC HARNETT 2023 $472,030 $604,400 $730,525 $907,900
ASHEVILLE, NC HAYWOOD 2023 $472,030 $604,400 $730,525 $907,900
ASHEVILLE, NC HENDERSON 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO HERTFORD 2023 $472,030 $604,400 $730,525 $907,900
FAYETTEVILLE, NC HOKE 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO HYDE 2023 $483,000 $618,300 $747,400 $928,850
CHARLOTTE-CONCORD-GASTONIA, NC-SC IREDELL 2023 $472,030 $604,400 $730,525 $907,900
CULLOWHEE, NC JACKSON 2023 $472,030 $604,400 $730,525 $907,900
RALEIGH-CARY, NC JOHNSTON 2023 $502,550 $643,350 $777,650 $966,450
NEW BERN, NC JONES 2023 $472,030 $604,400 $730,525 $907,900
SANFORD, NC LEE 2023 $472,030 $604,400 $730,525 $907,900
KINSTON, NC LENOIR 2023 $472,030 $604,400 $730,525 $907,900
CHARLOTTE-CONCORD-GASTONIA, NC-SC LINCOLN 2023 $472,030 $604,400 $730,525 $907,900
MARION, NC MCDOWELL 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO MACON 2023 $472,030 $604,400 $730,525 $907,900
ASHEVILLE, NC MADISON 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO MARTIN 2023 $472,030 $604,400 $730,525 $907,900
CHARLOTTE-CONCORD-GASTONIA, NC-SC MECKLENBURG 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO MITCHELL 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO MONTGOMERY 2023 $472,030 $604,400 $730,525 $907,900
PINEHURST-SOUTHERN PINES, NC MOORE 2023 $472,030 $604,400 $730,525 $907,900
ROCKY MOUNT, NC NASH 2023 $472,030 $604,400 $730,525 $907,900
WILMINGTON, NC NEW HANOVER 2023 $472,030 $604,400 $730,525 $907,900
ROANOKE RAPIDS, NC NORTHAMPTON 2023 $472,030 $604,400 $730,525 $907,900
JACKSONVILLE, NC ONSLOW 2023 $472,030 $604,400 $730,525 $907,900
DURHAM-CHAPEL HILL, NC ORANGE 2023 $602,600 $771,450 $932,500 $1,158,850
NEW BERN, NC PAMLICO 2023 $472,030 $604,400 $730,525 $907,900
ELIZABETH CITY, NC PASQUOTANK 2023 $805,000 $1,030,550 $1,245,700 $1,548,100
WILMINGTON, NC PENDER 2023 $472,030 $604,400 $730,525 $907,900
ELIZABETH CITY, NC PERQUIMANS 2023 $805,000 $1,030,550 $1,245,700 $1,548,100
DURHAM-CHAPEL HILL, NC PERSON 2023 $602,600 $771,450 $932,500 $1,158,850
GREENVILLE, NC PITT 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO POLK 2023 $472,030 $604,400 $730,525 $907,900
GREENSBORO-HIGH POINT, NC RANDOLPH 2023 $472,030 $604,400 $730,525 $907,900
ROCKINGHAM, NC RICHMOND 2023 $472,030 $604,400 $730,525 $907,900
LUMBERTON, NC ROBESON 2023 $472,030 $604,400 $730,525 $907,900
GREENSBORO-HIGH POINT, NC ROCKINGHAM 2023 $472,030 $604,400 $730,525 $907,900
CHARLOTTE-CONCORD-GASTONIA, NC-SC ROWAN 2023 $472,030 $604,400 $730,525 $907,900
FOREST CITY, NC RUTHERFORD 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO SAMPSON 2023 $472,030 $604,400 $730,525 $907,900
LAURINBURG, NC SCOTLAND 2023 $472,030 $604,400 $730,525 $907,900
ALBEMARLE, NC STANLY 2023 $472,030 $604,400 $730,525 $907,900
WINSTON-SALEM, NC STOKES 2023 $472,030 $604,400 $730,525 $907,900
MOUNT AIRY, NC SURRY 2023 $472,030 $604,400 $730,525 $907,900
CULLOWHEE, NC SWAIN 2023 $472,030 $604,400 $730,525 $907,900
BREVARD, NC TRANSYLVANIA 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO TYRRELL 2023 $472,030 $604,400 $730,525 $907,900
CHARLOTTE-CONCORD-GASTONIA, NC-SC UNION 2023 $472,030 $604,400 $730,525 $907,900
HENDERSON, NC VANCE 2023 $472,030 $604,400 $730,525 $907,900
RALEIGH-CARY, NC WAKE 2023 $502,550 $643,350 $777,650 $966,450
NON-METRO WARREN 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO WASHINGTON 2023 $472,030 $604,400 $730,525 $907,900
BOONE, NC WATAUGA 2023 $472,030 $604,400 $730,525 $907,900
GOLDSBORO, NC WAYNE 2023 $472,030 $604,400 $730,525 $907,900
NORTH WILKESBORO, NC WILKES 2023 $472,030 $604,400 $730,525 $907,900
WILSON, NC WILSON 2023 $472,030 $604,400 $730,525 $907,900
WINSTON-SALEM, NC YADKIN 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO YANCEY 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).