North Carolina FHA Loan Rates, Closing Costs & Stats

North Carolina

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    • FHA loans are mortgages created in the 1930's to help insulate lenders from credit risks and help promote home ownership. The Federal Housing Administration (hence, FHA) allows for lower downpayments and credit scores-- making these loans much more accessible than traditional mortgages.

    FHA loans typically need just a 3.5% downpayment with credit scores of 580 or better. For credit scores between 500-579, the downpayment needs to be at least 10%.

    While FHA loans make home ownership much more accessible to first-time homebuyers, they do require PMI (purchase money insurance)-- an additional insurance premium that is paid to the FHA to help cover defaults.

    For additional requirements as defined by the FHA, click here.

    North Carolina FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in North Carolina averaged 6.69% for the week of 2025-05-23, compared to the national average (all FHA variants) of 6.612% for the same period.

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

    The average rate for the prior week (2025-05-16) was 6.42% and one month ago for the week of 2025-04-18, the average rate was 6.34%.

    The average rate one year ago was 6.62%.

    For refis of the same type during the week of 2025-05-23, the average rate was 6.43%.

    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).