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 6.46% for the week of 2023-12-01, compared to the national average (all FHA variants) of 6.949% for the same period.

North Carolina's average FHA mortgage closing costs are $7,212.

The average rate for the prior week (2023-11-24) was 6.57% and one month ago for the week of 2023-10-27, the average rate was 6.88%.

The average rate one year ago was 5.69%.

For refis of the same type during the week of 2023-12-01, the average rate was 5.46%.

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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
QUICKEN LOANS, LLC 3,056 4.45% $9,890
MOVEMENT MORTGAGE, LLC 1,705 4.99% $9,624
ATLANTIC BAY MORTGAGE GROUP, L.L.C. 1,040 5.17% $10,275
LOANDEPOT.COM, LLC 900 4.78% $9,843
UNITED WHOLESALE MORTGAGE, LLC 849 4.79% $10,155
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 844 5.12% $9,044
CROSSCOUNTRY MORTGAGE, LLC 550 5.22% $10,908
CARDINAL FINANCIAL 543 4.80% $10,863
FREEDOM MORTGAGE CORPORATION 530 4.87% $9,690
DHI MORTGAGE COMPANY, LTD. 466 4.15% $8,640
BROKER SOLUTIONS, INC. 462 5.13% $10,522
Mr. Cooper ( Nationstar Mortgage ) 447 4.60% $11,908
PENNYMAC LOAN SERVICES, LLC 413 4.13% $10,181
AMERISAVE MORTGAGE CORPORATION 396 4.61% $11,072
CORNERSTONE HOME LENDING, INC. 382 4.87% $9,642
CALIBER HOME LOANS, INC. 355 4.76% $8,882
Carrington Mortgage Services, LLC 314 5.20% $9,625
LAKEVIEW LOAN SERVICING, LLC 281 4.09% $7,046
GUARANTEED RATE, INC. 275 4.88% $9,580
VANDERBILT MORTGAGE AND FINANCE, INC. 263 4.91% $11,626
Alcova Mortgage LLC 243 5.18% $7,578
NFM, INC. 240 5.32% $10,118
Nations Lending Corporation 209 5.30% $10,697
NVR Mortgage Finance, Inc. 200 4.32% $14,228
GoPrime Mortgage, Inc. 187 5.33% $10,447
NEWREZ LLC 183 4.72% $8,096
Alpha Mortgage Corporation 176 5.25% $8,786
UNION HOME MORTGAGE CORP. 174 5.22% $8,640
American Security Mortgage Corp. 172 4.72% $9,138
HOMESTAR FINANCIAL CORPORATION 163 5.14% $7,658
CMG MORTGAGE, INC. 161 5.45% $10,212
AMERICAN FINANCIAL RESOURCES, INC. 159 4.02% $10,124
HOME POINT FINANCIAL CORPORATION 144 4.37% $9,076
INTERCOASTAL MORTGAGE COMPANY 142 5.07% $8,556
Blue Ridge Bank 140 5.27% $9,643
HOMEBRIDGE FINANCIAL SERVICES, INC. 138 4.86% $10,108
INSPIRE HOME LOANS INC. 135 5.13% $10,108
RELIANCE FIRST CAPITAL, LLC 133 4.74% $9,689
Truist 131 4.74% $8,217
PRIMELENDING, A PLAINSCAPITAL COMPANY 127 4.98% $11,035
PRIMARY RESIDENTIAL MORTGAGE, INC. 121 5.07% $11,280
RAPID MORTGAGE COMPANY 119 5.05% $11,978
HOMESIDE FINANCIAL, LLC 118 5.17% $9,861
Flagstar Bank, FSB 117 4.56% $9,724
CERTAINTY HOME LOANS, LLC 117 4.89% $9,912
TOP FLITE FINANCIAL, INC. 117 5.20% $15,143
Equity Prime Mortgage LLC 116 5.38% $11,148
Ameris Bank 112 4.70% $8,917
AMERICAN FINANCING CORPORATION 111 4.59% $9,364
Mortgage Research Center, LLC 109 5.28% $6,543
Prosperity Home Mortgage, LLC 106 5.23% $9,930
Hometown Lenders, Inc. 104 5.12% $10,241
Lakeview Community Capital, LLC 102 4.26% $7,313
MORTGAGE SOLUTIONS OF COLORADO, LLC 102 5.16% $9,860
Towne Bank 100 4.82% $9,798
GUILD MORTGAGE COMPANY 100 4.99% $11,217
MUTUAL OF OMAHA MORTGAGE, INC. 99 4.93% $11,339
Wells Fargo Bank 95 4.88% $7,108
AMERICAN PACIFIC MORTGAGE CORPORATION 90 5.31% $11,515
ANGEL OAK HOME LOANS LLC 86 5.09% $9,598
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 82 5.31% $10,292
Northpointe Bank 79 5.16% $10,651
SOUTHERN TRUST MORTGAGE, LLC 78 4.89% $9,958
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 76 5.46% $10,491
SeaTrust Mortgage Company 75 5.15% $10,582
VILLAGE CAPITAL MORTGAGE 75 4.02% $7,380
Wyndham Capital Mortgage, Inc. 75 4.86% $9,420
Paramount Residential Mortgage Group, Inc. 74 5.00% $10,863
The Federal Savings Bank 73 5.07% $12,574
MATTAMY HOME FUNDING, LLC 73 4.64% $11,602
AMERIFIRST FINANCIAL CORPORATION 70 5.42% $9,514
HOMESPIRE MORTGAGE CORPORATION 67 5.10% $8,532
MCLEAN MORTGAGE CORPORATION 67 4.81% $9,016
LOANPAL, LLC 67 4.16% $12,945
T2 FINANCIAL LLC 67 5.31% $10,998
JET HOMELOANS, LLC 66 5.39% $9,649
TOWNE MORTGAGE COMPANY 66 4.95% $9,020
CAPITAL CENTER, L.L.C. 62 4.38% $5,271
EAGLE HOME MORTGAGE, LLC 62 5.09% $8,442
First Federal Bank 60 4.58% $10,964
PNC Bank 60 4.45% $6,658
PLANET HOME LENDING, LLC 60 4.60% $8,185
EQUITY RESOURCES, INC. 59 4.77% $8,187
SUN WEST MORTGAGE COMPANY, INC. 58 4.63% $10,237
Allen Tate Mortgage Partners, LLC 51 5.50% $9,485
North State Bank 51 5.01% $8,701
ON Q FINANCIAL, INC. 51 5.34% $9,270
First Guaranty Mortgage Corporation 50 4.03% $8,946
OVM FINANCIAL, INC. 50 4.60% $8,263
United Community Bank 49 4.86% $9,590
DAS Acquisition Company, LLC 48 5.16% $9,875
First Heritage Mortgage, LLC 48 5.12% $10,444
EVERETT FINANCIAL, INC. 47 5.18% $6,307
Victorian Finance, LLC 46 5.04% $11,002
PLAZA HOME MORTGAGE, INC. 45 5.04% $10,957
Wolfe Financial, Inc 45 5.41% $8,628
Bank of America 44 4.23% $7,133
M/I FINANCIAL, LLC 43 4.32% $10,727
GENEVA FINANCIAL, LLC 42 4.94% $10,701
EMM LOANS LLC 40 4.98% $9,902
THE MORTGAGE FIRM, INC. 40 5.12% $10,283
Uwharrie Bank 39 4.99% $8,219
M&T Bank 38 4.14% $8,207
Shamrock Home Loans, Inc. 37 5.13% $10,247
Citizens Bank 37 4.45% $8,377
Barrington Bank & Trust Company, N.A. 35 4.83% $8,997
First-Citizens Bank & Trust Company 35 4.70% $8,397
U.S. Bank 35 4.87% $8,058
CBM Mortgage, Inc. 33 4.85% $9,868
PANORAMA MORTGAGE GROUP, LLC 33 5.13% $13,502
ALLIED MORTGAGE GROUP, INC. 32 4.65% $10,638
Bank of England 32 5.48% $11,078
SUCCESS MORTGAGE PARTNERS, INC. 32 5.04% $8,758
Gateway First Bank 31 5.42% $8,679
PULTE MORTGAGE LLC 30 4.75% $9,071
BAY EQUITY LLC 30 4.85% $11,881
THRIVE MORTGAGE, LLC 29 5.22% $9,458
ZILLOW HOME LOANS, LLC 29 5.14% $10,366
MID AMERICA MORTGAGE, INC. 29 5.25% $5,388
ACADEMY MORTGAGE CORPORATION 29 4.89% $10,622
EMBRACE HOME LOANS, INC. 29 5.13% $9,333
Platinum Home Mortgage Corporation 29 5.09% $11,470
1ST SIGNATURE LENDING, LLC 28 5.21% $12,194
SOVEREIGN LENDING GROUP INCORPORATED 28 4.45% $12,229
JPMorgan Chase Bank 28 4.81% $6,369
Fifth Third Bank 26 4.78% $6,974
FINANCE OF AMERICA MORTGAGE LLC 26 4.03% $7,946
Truliant Federal Credit Union 26 4.88% $6,753
Renasant Bank 25 4.48% $8,920
Colten Mortgage, LLC 25 4.16% $11,875
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 24 5.65% $9,673
Magnolia Bank 24 5.09% $10,661
Plains Commerce Bank 23 5.52% $9,872
LIBERTY HOME MORTGAGE CORPORATION 23 5.27% $11,708
POLARIS HOME FUNDING CORP. 23 5.26% $10,046
CIS Financial Services, Inc. 22 5.60% $9,093
FBC MORTGAGE, LLC 22 5.37% $9,703
CALCON MUTUAL MORTGAGE LLC 21 4.61% $10,473
PREMIER LENDING, INC. 21 5.54% $11,343
SECURITYNATIONAL MORTGAGE COMPANY 20 5.74% $9,580
Amerifirst Financial, Inc. 20 4.68% $7,849
AmeriHome Mortgage Company, LLC 20 5.10% $10,325
ARK-LA-TEX FINANCIAL SERVICES, LLC. 20 5.29% $10,682
CHURCHILL MORTGAGE CORPORATION 20 4.40% $9,804
The Central Trust Bank 20 4.83% $9,451
KBHS HOME LOANS, LLC 20 4.97% $13,688
KELLER MORTGAGE, LLC 19 4.18% $7,704
Hometown Equity Mortgage, LLC 19 4.97% $10,283
TJC Mortgage, Inc. 19 5.07% $12,381
Pinnacle Bank 18 4.80% $8,308
RADIUS FINANCIAL GROUP INC. 18 5.04% $9,693
The Fidelity Bank 18 5.07% $7,850
Corporate Investors Mortgage Group, Inc. 18 5.38% $12,359
Towne Mortgage of the Carolinas, LLC 18 4.76% $10,089
RESIDENTIAL BANCORP 17 4.73% $10,948
HAMILTON HOME LOANS, INC. 17 4.66% $10,831
C & F Mortgage Corporation 17 4.99% $9,727
MILEND, INC. 17 4.71% $13,259
GUARANTEED RATE AFFINITY, LLC 17 5.12% $9,977
MICHIGAN MUTUAL, INC. 17 5.64% $9,654
MORTGAGE FINANCIAL GROUP, INC. 16 5.08% $9,985
ACOPIA, LLC 16 5.20% $10,397
LAND HOME FINANCIAL SERVICES, INC. 15 5.40% $9,348
MIDLAND MORTGAGE CORPORATION 15 5.02% $11,162
Strong Home Mortgage, LLC 15 4.09% $8,578
FIRST HOME MORTGAGE CORPORATION 15 5.31% $12,195
MY MORTGAGE, INC. 14 5.15% $8,310
Regions Bank 14 4.79% $8,370
Century Mortgage Company DBA Century Lending Company 14 4.95% $10,679
RESOURCE FINANCIAL SERVICES, INC. 14 5.29% $9,432
RUOFF MORTGAGE COMPANY, INC. 14 4.80% $7,005
NETWORK CAPITAL FUNDING CORPORATION 13 5.37% $10,670
SUMMIT FUNDING, INC. 13 5.08% $10,590
FAIR WAY LENDING LLC 13 4.76% $9,851
Encompass Lending Group, LP 13 5.58% $9,627
MORIA DEVELOPMENT, INC. 13 4.73% $9,445
CityWorth Mortgage LLC 13 4.70% $11,869
United Bank 13 5.05% $7,984
UNITED MORTGAGE CORP 13 4.39% $11,524
VERITAS FUNDING, LLC 13 4.82% $16,208
GSF Mortgage Corporation 12 5.41% $11,125
TIDEWATER MORTGAGE SERVICES, INC. 12 4.81% $9,210
Atlantic Coast Mortgage, LLC 12 5.72% $11,098
MLD MORTGAGE INC. 11 5.25% $10,241
SOUTHPOINT FINANCIAL SERVICES, INC. 11 4.23% $15,014
DIRECT MORTGAGE LOANS, LLC 11 5.14% $8,381
SOUTHWEST STAGE FUNDING, LLC 10 5.86% $6,178
PENTAGON FEDERAL CREDIT UNION 10 5.25% $10,153
NEW DAY FINANCIAL, LLC 10 5.08% $7,305
BETTER MORTGAGE CORPORATION 10 4.50% $9,052
LADERA LENDING, INC. 10 4.53% $11,506
PHH Mortgage Corporation 10 4.93% $7,362
CONTOUR MORTGAGE CORPORATION 9 5.00% $13,011
ARC HOME LLC 9 3.62% $6,931
NATIONS DIRECT MORTGAGE, LLC 9 5.01% $10,742
LOANLEADERS OF AMERICA, INC. 9 5.49% $16,360
Willamette Valley Bank 9 4.33% $9,799
NATIONWIDE MORTGAGE BANKERS, INC. 9 5.06% $10,707
OCEANSIDE MORTGAGE COMPANY 9 5.03% $5,708
South Pacific Financial Corporation 9 4.31% $12,318
First Bank 8 4.30% $8,582
First Horizon Bank 8 4.34% $8,823
West Town Bank & Trust 8 4.02% $8,693
George Mason Mortgage, LLC 8 4.19% $10,769
HOMEOWNERS FINANCIAL GROUP USA, LLC 8 5.52% $11,927
SHELTER HOME MORTGAGE, LLC 8 4.67% $11,120
ROYAL UNITED MORTGAGE LLC 8 4.89% $13,103
AMCAP MORTGAGE, LTD. 8 4.86% $7,358
OCMBC, INC. 7 5.71% $14,937
ABSOLUTE HOME MORTGAGE CORPORATION 7 5.68% $13,193
Tidewater Home Funding, LLC 7 4.93% $9,062
Residential Mortgage Solutions, Inc. 7 5.36% $12,352
Towne Mortgage, LLC 7 5.45% $9,374
PREMIA MORTGAGE, LLC 7 5.05% $6,599
HUNT MORTGAGE CORPORATION 7 4.57% $9,980
Texana Bank 7 4.45% $10,828
US MORTGAGE CORPORATION 7 5.27% $9,043
VAN DYK MORTGAGE CORPORATION 7 5.02% $6,969
Peoples Bank 7 4.91% $11,991
First Home Bank 7 4.45% $11,254
NBKC BANK 6 4.98% $8,347
CASTLE & COOKE MORTGAGE, LLC 6 5.48% $9,377
FLAT BRANCH MORTGAGE, INC. 6 4.23% $10,931
HOMESTEAD FUNDING CORP. 6 4.81% $8,944
LEADERONE FINANCIAL CORPORATION 6 5.65% $7,396
Advance Financial Group, LLC 6 5.40% $10,540
OPEN MORTGAGE, LLC 6 4.33% $11,087
FIRST COMMUNITY MORTGAGE, INC. 6 4.98% $10,450
First Savings Bank 6 5.88% $12,148
First National Bank of Pennsylvania 6 4.25% $7,489
Princeton Mortgage Corporation 6 4.15% $12,586
Austin Capital Bank SSB 6 4.56% $8,593
NTFN, INC. 6 5.71% $8,440
BAYSHORE MORTGAGE FUNDING, LLC 5 5.40% $7,968
BNC National Bank 5 4.80% $10,131
Capital City Home Loans, LLC 5 4.93% $9,083
EUSTIS AND AMERICAN MORTGAGE COMPANY 5 3.88% $7,247
First Option Mortgage, LLC 5 4.85% $13,386
HALLMARK HOME MORTGAGE, LLC 5 5.25% $9,572
MYCUMORTGAGE, LLC 5 4.80% $5,905
NP, Inc. 5 5.38% $9,413
South State Bank 5 4.93% $8,187
STOCKTON MORTGAGE CORPORATION 5 5.58% $8,825
Atlantic Union Bank 4 5.25% $8,951
SIRVA MORTGAGE, INC. 4 5.09% $10,055
BECKAM FUNDING CORP. 4 5.81% $12,965
INTERSTATE HOME LOAN CENTER, INC. 4 4.31% $14,598
Paramount Bank 4 4.41% $11,282
INTERLINC MORTGAGE SERVICES, LLC 4 6.06% $7,400
Integrity Home Mortgage Corp 4 6.31% $8,999
BEST CAPITAL FUNDING 4 4.19% $9,626
VELOCIO MORTGAGE L.L.C. 4 5.91% $11,940
MDE Home Loans, LLC 4 6.47% $8,898
NEW FED MORTGAGE, CORP. 4 6.00% $9,986
AmRes Corporation 4 4.69% $9,546
LEGEND LENDING CORPORATION 4 6.28% $12,171
North American Savings Bank, F.S.B. 4 5.16% $6,927
JLB CORPORATION 4 4.84% $9,626
JET DIRECT FUNDING CORP 3 5.00% $7,353
NORWICH COMMERCIAL GROUP, INC. 3 4.50% $9,391
Ixonia Bank 3 5.54% $11,121
AMERICAN PORTFOLIO MORTGAGE CORPORATION 3 5.46% $9,637
Cornerstone First Mortgage, Inc 3 4.96% $10,870
Credence Funding Corporation 3 4.46% $10,860
CREDIT UNION MORTGAGE ASSOCIATION, INC. 3 4.08% $8,037
Watermark Capital, Inc. 3 5.79% $7,521
DRAPER AND KRAMER MORTGAGE CORP. 3 4.88% $11,862
East Coast Capital Corp. 3 5.00% $9,839
HANCOCK MORTGAGE PARTNERS, LLC 3 4.46% $9,563
The Huntington National Bank 3 3.92% $9,466
NATIONS RELIABLE LENDING, LLC 3 4.29% $8,653
Sierra Pacific Mortgage Company, Inc. 3 3.96% $7,471
MORTGAGE INVESTORS GROUP, INC. 3 5.58% $11,948
ENVOY MORTGAGE, LTD 3 5.75% $7,587
FAY SERVICING, LLC 3 4.33% $6,962
F & M BANK CORP. 3 5.67% $9,870
TD Bank 3 4.83% $7,374
Acre Mortgage and Financial Inc 3 4.71% $16,052
FIDELITY DIRECT MORTGAGE, LLC 3 3.88% $9,190
SWBC MORTGAGE CORPORATION 3 5.92% $4,818
UNIVERSAL MORTGAGE & FINANCE, INC. 3 5.71% $10,892
American National Bank and Trust Company 3 3.92% $8,408
NORTHERN MORTGAGE SERVICES, LLC 3 5.08% $8,293
United Fidelity Funding Corp. 3 6.00% $14,741
Colonial Savings, F.A. 3 5.13% $15,878
JAMES B. NUTTER & COMPANY 2 3.44% $4,521
NewTowne Mortgage, LLC 2 5.50% $12,067
Mortgage Network, Inc. 2 6.06% $9,223
Mortgage Assurance Inc. 2 3.44% $5,840
PREMIER MORTGAGE RESOURCES, L.L.C. 2 5.25% $8,883
MEADOWBROOK FINANCIAL MORTGAGE BANKERS CORP. 2 6.50% $17,022
Loan Simple, Inc. 2 4.19% $9,911
RESIDENTIAL HOME FUNDING CORP. 2 3.75% $11,019
S1L, Inc. 2 4.56% $10,577
Semper Home Loans, Inc. 2 5.00% $10,712
GUARANTY HOME MORTGAGE CORPORATION 2 5.38% $9,168
GMFS LLC 2 5.00% $7,100
SOUTHEAST MORTGAGE OF GEORGIA, INC. 2 6.06% $10,844
First Mortgage Solutions, LLC 2 3.00% $9,504
FirstBank 2 3.50% $8,221
Sunflower Bank 2 5.12% $13,512
Evolve Bank & Trust 2 4.69% $8,167
TOTAL MORTGAGE SERVICES, LLC 2 5.13% $14,077
CLEARPATH LENDING 2 3.25% $7,219
CITY FIRST MORTGAGE SERVICES, L.L.C. 2 6.00% $8,333
1st National Bank 2 2.88% $7,317
BANK OF LITTLE ROCK MORTGAGE CORPORATION 2 3.50% $7,056
BancorpSouth 2 6.13% $8,744
Waterstone Mortgage Corporation 2 6.13% $9,304
OAKTREE FUNDING CORP. 2 5.19% $17,120
GEO-CORP, INC. 1 6.25% $15,049
PIKE CREEK MORTGAGE SERVICES, INC. 1 5.50% $10,174
Southern First Bank 1 3.63% $5,133
Servion, Inc. 1 6.00% $9,919
Elements Financial Federal Credit Union 1 4.25% $8,639
The Union Bank Company 1 3.25% $7,874
HARBORONE MORTGAGE, LLC 1 4.88% $14,852
Sandy Spring Bank 1 3.25% $10,437
DATA MORTGAGE, INC. 1 3.88% $9,263
CRESCENT MORTGAGE COMPANY 1 2.88% $4,530
IMPAC MORTGAGE CORP. 1 5.75% $10,403
ONY GLO, INC. 1 3.63% $7,253
Independent Bank 1 6.63% $9,980
COUNTRYPLACE MORTGAGE, LTD. 1 4.75% $24,152
ROUNDPOINT MORTGAGE SERVICING CORPORATION 1 4.25% $6,543
COMPASS MORTGAGE, INC. 1 4.75% $15,217
TruHome Solutions, LLC 1 5.13% $11,326
LANGLEY 1 3.75% $5,409
Neighborhood Loans, Inc. 1 5.75% $7,982
NEXERA HOLDING LLC 1 3.75% $14,758
UNITED 1 6.63% $13,190
Chickasaw Community Bank 1 3.50% $6,878
BOKF 1 2.88% $8,922
LENOX FINANCIAL MORTGAGE CORPORATION 1 3.63% $8,413
MEMBER FIRST MORTGAGE, LLC 1 6.63% $10,932
UNITED NORTHERN MORTGAGE BANKERS LIMITED 1 5.13% $14,946
UNITED SECURITY FINANCIAL CORP 1 6.88% $8,310
Meridian Bank Corporation 1 4.25% $15,356
Mid-Continent Funding, Inc. 1 7.00% $10,698
Univest Bank and Trust Co. 1 5.38% $6,487
American Mortgage Bank, LLC 1 4.88% $10,712
Bank of Tennessee 1 6.00% $14,542
AMERICAN ADVISORS GROUP 1 5.63% $9,970
WRIGHT-PATT CREDIT UNION, INC. 1 6.63% $9,561
MORTGAGE ACCESS CORP. 1 5.63% $9,923
MORTGAGE EQUITY PARTNERS LLC 1 3.25% $12,616
Assurance Financial Group, L.L.C. 1 2.88% $7,150
Armed Forces Bank 1 6.63% $7,782
Stride Bank 1 3.50% $11,629
First Internet Bank of Indiana 1 5.13% $5,819
First Federal Bank of Kansas City 1 6.25% $7,374
NATION ONE MORTGAGE CORPORATION 1 6.75% $10,138
V.I.P. MORTGAGE, INC. 1 5.63% $10,606
FIRST ALLIANCE HOME MORTGAGE, LLC 1 5.75% $9,509
1ST PREFERENCE MORTGAGE CORP. 1 4.00% $7,877
Synovus Bank 1 4.63% $11,223
First Palmetto Bank 1 6.13% $7,362
First State Bank 1 5.63% $5,505
FIDELITY BANK 1 6.13% $8,368

The top North Carolina FHA lender as defined by loan originations is QUICKEN LOANS, LLC, with 3,056 FHA loans originated. Their average total fees are $9,890, which is $267 higher than the next largest lender, MOVEMENT MORTGAGE, LLC.

The lowest fee North Carolina FHA lenders (with over 10 loans originated) are CAPITAL CENTER, L.L.C. ($5,271), MID AMERICA MORTGAGE, INC. ($5,388), SOUTHWEST STAGE FUNDING, LLC ($6,178), EVERETT FINANCIAL, INC. ($6,307) and JPMorgan Chase Bank ($6,369).

The lowest rate North Carolina FHA lenders (with over 10 loans originated) are VILLAGE CAPITAL MORTGAGE (4.02%), AMERICAN FINANCIAL RESOURCES, INC. (4.02%), First Guaranty Mortgage Corporation (4.03%), FINANCE OF AMERICA MORTGAGE LLC (4.03%) and LAKEVIEW LOAN SERVICING, LLC (4.09%).

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).