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 6.43% for the week of 2025-04-04, compared to the national average (all FHA variants) of 6.259% for the same period.

North Carolina's average FHA mortgage closing costs are $8,334.

The average rate for the prior week (2025-03-28) was 6.53% and one month ago for the week of 2025-02-28, the average rate was 6.32%.

The average rate one year ago was 6.84%.

For refis of the same type during the week of 2025-04-04, the average rate was 5.87%.

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 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
QUICKEN LOANS, LLC 2,773 6.29% $11,582
UNITED WHOLESALE MORTGAGE, LLC 1,761 6.07% $12,889
DHI MORTGAGE COMPANY, LTD. 1,522 5.04% $7,699
MOVEMENT MORTGAGE, LLC 1,463 6.50% $11,899
ATLANTIC BAY MORTGAGE GROUP, L.L.C. 1,195 6.61% $11,483
LOANDEPOT.COM, LLC 1,081 5.97% $11,140
FREEDOM MORTGAGE CORPORATION 837 6.39% $11,963
CROSSCOUNTRY MORTGAGE, LLC 784 6.55% $12,058
NVR Mortgage Finance, Inc. 737 6.05% $12,484
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 624 6.70% $10,782
PENNYMAC LOAN SERVICES, LLC 469 5.98% $11,428
BROKER SOLUTIONS, INC. 441 6.74% $11,819
American Security Mortgage Corp. 370 6.36% $10,613
NEWREZ LLC 336 6.33% $10,612
UNION HOME MORTGAGE CORP. 322 6.53% $11,248
EAGLE HOME MORTGAGE, LLC 308 5.72% $7,618
GUILD MORTGAGE COMPANY 298 6.50% $11,276
CARDINAL FINANCIAL 298 6.63% $12,719
SeaTrust Mortgage Company 280 6.40% $11,763
CORNERSTONE HOME LENDING, INC. 272 6.41% $12,452
GUARANTEED RATE, INC. 269 6.41% $11,187
Alcova Mortgage LLC 260 6.57% $9,148
VELOCIO MORTGAGE L.L.C. 259 4.93% $8,528
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 253 6.41% $10,691
Truist 220 6.27% $10,557
Mr. Cooper ( Nationstar Mortgage ) 212 6.55% $13,372
Equity Prime Mortgage LLC 204 6.81% $11,913
Carrington Mortgage Services, LLC 198 6.39% $10,790
CMG MORTGAGE, INC. 191 6.63% $11,095
INSPIRE HOME LOANS INC. 184 5.53% $9,432
AMERICAN FINANCIAL RESOURCES, INC. 183 6.24% $13,918
NFM, INC. 180 6.52% $12,949
T2 FINANCIAL LLC 174 6.67% $11,717
ZILLOW HOME LOANS, LLC 168 6.33% $11,743
MATTAMY HOME FUNDING, LLC 159 5.58% $9,405
VANDERBILT MORTGAGE AND FINANCE, INC. 152 5.78% $15,569
MUTUAL OF OMAHA MORTGAGE, INC. 150 6.47% $14,779
AMERISAVE MORTGAGE CORPORATION 149 6.22% $14,552
RELIANCE FIRST CAPITAL, LLC 142 6.51% $11,868
INTERCOASTAL MORTGAGE COMPANY 130 6.55% $8,991
Towne Bank 129 6.10% $12,468
Flagstar Bank, FSB 124 6.11% $10,879
VILLAGE CAPITAL MORTGAGE 123 6.46% $7,455
GoPrime Mortgage, Inc. 121 6.72% $11,767
First-Citizens Bank & Trust Company 120 5.59% $10,093
KBHS HOME LOANS, LLC 119 5.68% $11,836
Prosperity Home Mortgage, LLC 119 6.35% $12,345
Mortgage Research Center, LLC 117 6.67% $7,541
LAKEVIEW LOAN SERVICING, LLC 114 6.30% $8,423
PLAZA HOME MORTGAGE, INC. 113 6.72% $10,732
LOANPAL, LLC 113 5.72% $12,478
FBC MORTGAGE, LLC 109 5.65% $11,814
Integrity Home Mortgage Corp 105 6.65% $10,487
PULTE MORTGAGE LLC 104 5.57% $8,701
Blue Ridge Bank 103 6.51% $9,778
AMERICAN FINANCIAL NETWORK, INC. 98 6.92% $13,541
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 91 6.26% $13,649
SUN WEST MORTGAGE COMPANY, INC. 87 6.01% $15,047
Ameris Bank 87 6.38% $10,178
HOMESIDE FINANCIAL, LLC 86 6.46% $13,348
SUMMIT FUNDING, INC. 85 6.38% $11,386
PRIMARY RESIDENTIAL MORTGAGE, INC. 84 6.67% $10,897
MILEND, INC. 84 6.54% $14,120
United Community Bank 82 6.64% $10,102
EMM LOANS LLC 80 6.20% $12,424
AmeriHome Mortgage Company, LLC 78 6.50% $8,090
PLANET HOME LENDING, LLC 75 6.35% $8,357
SOUTHERN TRUST MORTGAGE, LLC 72 6.69% $12,587
FIRST HOME MORTGAGE CORPORATION 72 6.49% $12,643
Lakeview Community Capital, LLC 70 6.31% $8,791
U.S. Bank 70 6.42% $9,954
M/I FINANCIAL, LLC 69 5.50% $18,953
MICHIGAN MUTUAL, INC. 67 6.20% $9,422
JET HOMELOANS, LLC 67 5.69% $11,242
AMERICAN FINANCING CORPORATION 65 5.99% $12,641
HOWARD HANNA FINANCIAL SERVICES, INC. 64 6.58% $10,232
ENVOY MORTGAGE, LTD 61 6.71% $12,313
Atlantic Coast Mortgage, LLC 61 6.66% $12,472
Paramount Residential Mortgage Group, Inc. 56 6.55% $12,696
EQUITY RESOURCES, INC. 56 6.78% $9,324
MID AMERICA MORTGAGE, INC. 56 6.93% $10,713
North State Bank 55 6.28% $9,802
PRIMELENDING, A PLAINSCAPITAL COMPANY 55 6.19% $11,005
First Heritage Mortgage, LLC 55 5.82% $12,773
Wells Fargo Bank 53 6.17% $13,043
FIRST COMMUNITY MORTGAGE, INC. 53 6.56% $13,739
Nations Lending Corporation 51 6.40% $15,071
TOWNE MORTGAGE COMPANY 50 6.61% $10,676
MORTGAGE SOLUTIONS OF COLORADO, LLC 50 6.86% $11,954
South Pacific Financial Corporation 48 5.70% $9,579
Century Mortgage Company DBA Century Lending Company 46 6.46% $12,296
Towne Mortgage of the Carolinas, LLC 45 6.36% $11,705
First Federal Bank 45 6.12% $8,537
TOP FLITE FINANCIAL, INC. 43 6.80% $14,745
Keystone Funding, Inc. 43 6.30% $12,030
Ixonia Bank 43 6.52% $11,237
Wolfe Financial, Inc 42 6.79% $10,797
HOMEBRIDGE FINANCIAL SERVICES, INC. 42 6.50% $6,135
VERITAS FUNDING, LLC 41 6.38% $16,937
Northpointe Bank 39 6.31% $11,111
Plains Commerce Bank 39 6.27% $12,402
The Federal Savings Bank 38 6.60% $12,227
HOMESPIRE MORTGAGE CORPORATION 38 6.61% $11,032
BAY EQUITY LLC 37 6.36% $12,536
ON Q FINANCIAL, INC. 36 6.58% $10,791
Pinnacle Bank 36 6.20% $10,544
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 36 6.49% $11,849
DELMAR FINANCIAL COMPANY 35 6.30% $11,487
South State Bank 34 6.31% $11,036
First National Bank of Pennsylvania 34 6.14% $10,351
Presidential Bank, FSB 33 6.56% $12,082
CALCON MUTUAL MORTGAGE LLC 33 6.77% $14,622
The Loan Store, Inc. 33 6.35% $12,810
ARK-LA-TEX FINANCIAL SERVICES, LLC. 31 6.67% $10,531
Corporate Investors Mortgage Group, Inc. 31 6.21% $11,332
CANOPY MORTGAGE, LLC 31 6.34% $12,676
CITY FIRST MORTGAGE SERVICES, L.L.C. 30 6.58% $13,346
EVERETT FINANCIAL, INC. 30 6.89% $12,856
Uwharrie Bank 30 6.38% $11,386
SUCCESS MORTGAGE PARTNERS, INC. 29 6.74% $11,503
Loan Simple, Inc. 28 6.95% $14,271
NBKC BANK 28 6.05% $9,596
LEGEND LENDING CORPORATION 28 6.64% $16,336
TIDEWATER MORTGAGE SERVICES, INC. 27 6.56% $11,205
Fifth Third Bank 27 6.53% $8,723
PENTAGON FEDERAL CREDIT UNION 27 6.08% $11,334
ALLIED MORTGAGE GROUP, INC. 27 6.14% $11,233
American Mortgage & Equity Consultants, Inc. 26 6.51% $15,809
NETWORK CAPITAL FUNDING CORPORATION 26 6.05% $15,172
Bank of America 25 6.22% $11,588
Gateway First Bank 25 6.63% $10,020
The Fidelity Bank 24 6.74% $10,029
Renasant Bank 24 6.38% $10,375
The Central Trust Bank 21 6.58% $10,189
Bank of England 21 6.43% $12,727
RAPID MORTGAGE COMPANY 21 6.81% $11,518
1ST SIGNATURE LENDING, LLC 20 6.53% $14,125
OCMBC, INC. 20 6.86% $13,914
AmRes Corporation 19 6.45% $13,158
Barrington Bank & Trust Company, N.A. 19 6.47% $9,462
City Lending Inc. 19 6.86% $12,983
Victorian Finance, LLC 19 6.38% $11,162
GUARANTEED RATE AFFINITY, LLC 18 6.60% $10,077
STOCKTON MORTGAGE CORPORATION 18 6.72% $10,278
NATION ONE MORTGAGE CORPORATION 17 6.59% $15,738
JPMorgan Chase Bank 17 6.67% $7,902
Regions Bank 16 6.44% $9,822
C & F Mortgage Corporation 16 6.48% $10,049
BETTER MORTGAGE CORPORATION 16 5.83% $12,302
PHH Mortgage Corporation 16 6.53% $12,135
RADIUS FINANCIAL GROUP INC. 15 6.67% $10,183
TJC Mortgage, Inc. 15 6.63% $12,469
OPEN MORTGAGE, LLC 15 6.90% $13,006
Summit Mortgage Corporation 15 6.97% $10,344
First Bank 15 6.13% $9,688
PANORAMA MORTGAGE GROUP, LLC 15 6.86% $9,356
PNC Bank 15 6.45% $10,619
V.I.P. MORTGAGE, INC. 14 6.67% $9,449
ACOPIA, LLC 14 6.91% $15,195
Residential Acceptance Corporation 14 7.52% $7,672
ABSOLUTE HOME MORTGAGE CORPORATION 13 6.67% $14,676
CAPITAL CENTER, L.L.C. 13 6.24% $6,822
PREMIER LENDING, INC. 13 6.68% $16,339
Strong Home Mortgage, LLC 13 5.83% $9,405
FIRST ALLIANCE HOME MORTGAGE, LLC 13 5.54% $19,818
Truliant Federal Credit Union 13 6.23% $8,353
POLARIS HOME FUNDING CORP. 12 6.45% $13,111
AFFORDABLE MORTGAGE ADVISORS, LLC. 12 6.74% $10,662
M&T Bank 12 6.33% $9,757
Encompass Lending Group, LP 12 6.79% $12,029
ROYAL UNITED MORTGAGE LLC 12 6.98% $10,143
SWBC MORTGAGE CORPORATION 11 6.49% $7,522
Franklin Loan Corporation 11 5.93% $15,977
NATIONWIDE MORTGAGE BANKERS, INC. 11 6.95% $13,518
BAYSHORE MORTGAGE FUNDING, LLC 11 6.98% $10,607
Paramount Bank 10 6.69% $9,426
NEW DAY FINANCIAL, LLC 10 7.54% $6,068
OCEANSIDE MORTGAGE COMPANY 10 6.22% $4,905
CHURCHILL MORTGAGE CORPORATION 10 6.56% $14,004
RUOFF MORTGAGE COMPANY, INC. 10 6.46% $5,112
UNIVERSITY Federal Credit Union 10 6.10% $12,777
LADERA LENDING, INC. 10 6.54% $13,073
LAND HOME FINANCIAL SERVICES, INC. 9 7.39% $17,711
PREMIA MORTGAGE, LLC 9 6.00% $6,371
RESIDENTIAL WHOLESALE MORTGAGE, INC. 9 5.90% $10,911
HALLMARK HOME MORTGAGE, LLC 9 6.63% $10,627
MYCUMORTGAGE, LLC 9 6.39% $9,165
NATIONS DIRECT MORTGAGE, LLC 9 6.82% $14,312
Waterstone Mortgage Corporation 9 6.75% $13,502
CityWorth Mortgage LLC 9 6.69% $15,903
United Bank 9 6.29% $8,906
MORTGAGE INVESTORS GROUP, INC. 9 5.93% $11,941
SOUTHEAST MORTGAGE OF GEORGIA, INC. 8 6.67% $12,426
Advance Financial Group, LLC 8 6.28% $10,949
Texana Bank 8 6.58% $15,034
Cornerstone First Mortgage, Inc 8 6.41% $11,291
CASTLE & COOKE MORTGAGE, LLC 8 6.61% $15,702
GENEVA FINANCIAL, LLC 8 7.27% $12,945
SFMC, LP 8 6.83% $17,573
CONTOUR MORTGAGE CORPORATION 7 6.38% $16,581
LEADERONE FINANCIAL CORPORATION 7 6.77% $11,478
LOANLEADERS OF AMERICA, INC. 7 6.27% $14,552
JMAC LENDING, INC. 7 6.61% $13,367
BM Real Estate Services, Inc. 7 6.66% $9,589
SECURITYNATIONAL MORTGAGE COMPANY 7 6.96% $11,701
AMERICAN PACIFIC MORTGAGE CORPORATION 7 6.86% $12,516
DIRECT MORTGAGE LOANS, LLC 7 6.64% $11,635
Sierra Pacific Mortgage Company, Inc. 7 6.18% $12,896
First Horizon Bank 7 6.43% $9,493
Tidewater Home Funding, LLC 6 6.48% $6,257
MORTGAGE FINANCIAL GROUP, INC. 6 6.31% $9,608
UNITED MORTGAGE CORP 6 6.35% $16,319
ISERVE RESIDENTIAL LENDING, LLC 6 6.21% $12,305
JAMS-01, INC. 6 6.08% $10,066
FIRST COLONY MORTGAGE CORPORATION 6 6.35% $10,882
TruHome Solutions, LLC 6 6.58% $8,824
RESOURCE FINANCIAL SERVICES, INC. 6 6.38% $10,432
TOTAL MORTGAGE SERVICES, LLC 6 6.81% $13,913
THE MORTGAGE FIRM, INC. 6 6.75% $10,861
RESIDENTIAL BANCORP 5 6.10% $13,653
Atlantic Union Bank 5 6.70% $8,794
EMBRACE HOME LOANS, INC. 5 6.60% $10,784
FIDELITY DIRECT MORTGAGE, LLC 5 6.65% $14,123
Home Mortgage Alliance Corp 5 7.07% $12,170
HOMEOWNERS FINANCIAL GROUP USA, LLC 5 6.65% $12,241
HOMESTEAD FUNDING CORP. 5 6.53% $6,810
Magnolia Bank 5 6.45% $9,969
Mortgage Assurance Inc. 5 6.33% $10,676
MORTGAGE EQUITY PARTNERS LLC 5 6.65% $11,081
NORWICH COMMERCIAL GROUP, INC. 5 6.63% $8,796
S1L, Inc. 5 6.45% $10,074
SOUTHPOINT FINANCIAL SERVICES, INC. 5 6.65% $9,238
SOUTHWEST STAGE FUNDING, LLC 5 6.08% $9,933
Towne Mortgage, LLC 5 6.23% $10,252
Advisors Mortgage Group, L.L.C. 4 6.19% $13,161
SIRVA MORTGAGE, INC. 4 6.31% $5,599
GSF Mortgage Corporation 4 6.09% $12,385
Citizens Bank 4 6.34% $12,178
Assurance Financial Group, L.L.C. 4 6.72% $9,213
MORIA DEVELOPMENT, INC. 4 6.69% $10,003
SENTE MORTGAGE, INC. 3 6.63% $16,125
DATA MORTGAGE, INC. 3 6.33% $7,711
The Freedom Bank of Virginia 3 6.13% $8,294
The Huntington National Bank 3 6.50% $14,090
PREMIER MORTGAGE RESOURCES, L.L.C. 3 6.71% $13,719
Chickasaw Community Bank 3 6.33% $8,027
Capital Bank 3 6.25% $13,505
Bell Bank 3 6.46% $9,215
Southern First Bank 3 6.88% $10,145
BECKAM FUNDING CORP. 3 7.54% $15,359
Residential Mortgage Solutions, Inc. 3 6.38% $9,217
LIBERTY HOME MORTGAGE CORPORATION 3 6.75% $15,747
AXIA FINANCIAL, LLC 3 6.83% $16,004
Arvest Bank 3 6.29% $9,455
AMERITRUST MORTGAGE CORPORATION 3 6.25% $13,453
NEXERA HOLDING LLC 3 5.75% $10,954
FIRST SAVINGS MORTGAGE CORPORATION 3 7.21% $11,173
First Reliance Bank 3 6.25% $8,047
NP, Inc. 3 7.13% $13,025
ALLIANT CREDIT UNION 3 6.25% $8,450
FIRST EQUITY MORTGAGE INCORPORATED 3 5.29% $9,440
Performance Financial, Inc. 2 6.81% $12,549
GEO-CORP, INC. 2 7.38% $18,863
FirstBank 2 6.38% $11,851
BANKSOUTH MORTGAGE COMPANY, LLC 2 6.63% $8,130
MY MORTGAGE, INC. 2 7.06% $7,173
Bank of Tennessee 2 6.94% $11,273
MILLENNIUM FINANCIAL GROUP, INC. 2 6.63% $7,309
US MORTGAGE CORPORATION 2 6.63% $23,114
NEW FED MORTGAGE, CORP. 2 6.50% $13,458
EVANSVILLE TEACHERS 2 6.25% $16,734
VAN DYK MORTGAGE CORPORATION 2 6.19% $10,381
East Coast Capital Corp. 2 6.38% $20,247
Mid-Continent Funding, Inc. 2 6.75% $9,034
Princeton Mortgage Corporation 2 6.69% $12,773
TBI MORTGAGE COMPANY 2 5.50% $15,069
Republic Bank & Trust Company 2 6.50% $7,237
NJ LENDERS CORP. 2 6.19% $12,214
MLD MORTGAGE INC. 2 6.25% $12,380
Champion Credit Union 2 6.19% $10,414
CREDIT UNION MORTGAGE ASSOCIATION, INC. 2 5.94% $8,483
Acre Mortgage and Financial Inc 2 6.94% $16,061
TD Bank 2 6.81% $9,673
BOND STREET MORTGAGE, LLC 2 6.06% $12,012
MASON MCDUFFIE MORTGAGE CORPORATION 2 6.44% $11,155
Bethpage Federal Credit Union 2 6.75% $4,101
EUSTIS AND AMERICAN MORTGAGE COMPANY 2 6.31% $8,273
Sunflower Bank 2 5.93% $9,920
1st National Bank 2 6.24% $13,613
Watermark Capital, Inc. 2 5.69% $9,286
THE MORTGAGE LINK, INC. 1 6.25% $12,519
NexBank 1 6.13% $10,944
MORTGAGE ACCESS CORP. 1 5.50% $12,304
Quontic Bank 1 6.25% $17,652
RANLIFE, INC. 1 5.99% $8,063
Midwest Mortgage Associates Corporation 1 7.25% $3,943
MEMBERS 1ST FEDERAL CREDIT UNION 1 6.13% $19,875
MDE Home Loans, LLC 1 6.38% $12,968
LENOX FINANCIAL MORTGAGE CORPORATION 1 5.63% $10,794
LANGLEY 1 6.63% $6,290
INTERLINC MORTGAGE SERVICES, LLC 1 7.13% $6,941
INTERCAP LENDING INC. 1 5.63% $17,030
HARTFORD FUNDING, LTD. 1 7.00% $10,367
Semper Home Loans, Inc. 1 6.25% $11,888
ServisFirst Bank 1 6.75% $9,638
GVC MORTGAGE, INC. 1 6.63% $12,381
Shea Mortgage Inc. 1 6.75% $10,607
Shore United Bank 1 7.25% $10,334
Simmons Bank 1 5.63% $11,451
GREENSTATE CREDIT UNION 1 6.25% $9,760
GARDNER FINANCIAL SERVICES, LTD. 1 5.75% $14,583
Florida Capital Bank 1 5.50% $11,641
A&D Mortgage LLC 1 5.75% $10,919
SOVEREIGN LENDING GROUP INCORPORATED 1 5.50% $19,380
FLAT BRANCH MORTGAGE, INC. 1 6.13% $11,192
First Palmetto Bank 1 7.13% $11,806
Evolve Bank & Trust 1 6.75% $17,553
THE EQUITABLE MORTGAGE CORPORATION 1 6.25% $12,558
DEVELOPER'S MORTGAGE COMPANY 1 6.13% $11,308
DAS Acquisition Company, LLC 1 6.63% $7,827
The Union Bank Company 1 5.75% $8,872
COUNTRYPLACE MORTGAGE, LTD. 1 6.50% $9,458
Commerce Home Mortgage, Inc. 1 7.13% $15,200
CLIFFCO, INC. 1 7.25% $12,132
Centennial Bank 1 6.75% $11,295
BOKF 1 6.63% $16,652
Trustmark National Bank 1 6.50% $11,301
UNITED 1 6.25% $11,874
BELEM SERVICING LLC 1 6.63% $16,053
BAY-VALLEY MORTGAGE GROUP 1 5.75% $17,375
UNITED NORTHERN MORTGAGE BANKERS LIMITED 1 6.50% $12,181
University Bank 1 6.75% $8,414
Bank of Colorado 1 4.88% $16,914
Axos Bank 1 8.25% $9,049
Armed Forces Bank 1 6.63% $7,573
AMERICAN FEDERAL MORTGAGE CORPORATION 1 6.13% $8,157
Old National Bank 1 6.00% $9,193
POINT Mortgage 1 5.75% $9,022

The top North Carolina FHA lender as defined by loan originations is QUICKEN LOANS, LLC, with 2,773 FHA loans originated. Their average total fees are $11,582, which is $1,307 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

The lowest fee North Carolina FHA lenders (with over 10 loans originated) are OCEANSIDE MORTGAGE COMPANY ($4,905), RUOFF MORTGAGE COMPANY, INC. ($5,112), NEW DAY FINANCIAL, LLC ($6,068), HOMEBRIDGE FINANCIAL SERVICES, INC. ($6,135) and CAPITAL CENTER, L.L.C. ($6,822).

The lowest rate North Carolina FHA lenders (with over 10 loans originated) are VELOCIO MORTGAGE L.L.C. (4.93%), DHI MORTGAGE COMPANY, LTD. (5.04%), M/I FINANCIAL, LLC (5.50%), INSPIRE HOME LOANS INC. (5.53%) and FIRST ALLIANCE HOME MORTGAGE, LLC (5.54%).

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).