Forgotten Your Password?

Need to Register?

North Carolina FHA Loan Rates

  • Pre-screened FHA Lenders
  • Loans up to 97.5% LTV
  • Great for first time buyers
  • Competitive rates, custom quotes
  • Be in control, choose the right lender
FHA Loans

Start your FREE Loan Request

Secure Form Privacy Policy | Terms of Use.

Securing an FHA Loan in North Carolina

FHA loans are mortgage loans insured by the Federal Housing Administration that are issued by federally qualified FHA lenders. North Carolina FHA loans allow prospective homeowners to borrow money for the purchase of homes that they would not otherwise be able to afford. To find out how much you can borrow, check the table below for the  North Carolina FHA loan limits by county.

North Carolina FHA Loan Requirements

In order to obtain an FHA loan, borrowers must satisfy North Carolina FHA Loan Requirements. While loans guaranteed by the Federal Housing Administration include fairly lenient qualifications, borrowers must satisfy requirements regarding down payment, debt to income ratio, income and residency.

General Requirements

  • Your down payment must be 3.5% or greater (96.5% loan-to-value, or LTV).
  • FHA requires a credit score of 500 or greater, but many lenders will not accept less than 580.
  • Your debt-to-income ratio (DTI) should be no greater than 45 - 50%.
  • Loan Limit (max allowable loan amount): Up to $625,500 in higher cost areas and as low as $271,050 in lower cost areas (see bottom of this page). 
  • Mortgage Insurance is required depending on loan terms and down payment.
  • Properties must meet FHA guidelines based on a home inspection.

Mortgage Insurance

  • An upfront premium of 1.75% the base loan amount is required at closing. 
  • Unless your mortgage term is less than or equal to 15 years and down payment is greater than or equal to 22%, a monthly mortgage insurance premium (MIP) must be paid alongside your principal and interest. 
  • The monthly payment can be canceled on loans with 10% or more down payment after reaching 78% LTV and the 11 year mark. 
  • If your down payment is less than 10%, you must also pay monthly mortgage insurance for the life of the loan.

North Carolina FHA Streamline Refinance 

FHA homeowners can get a lower rate or adjust their mortgage term with little hassle through an FHA Streamline refinance. Unlike other refinances, the FHA Streamline does not require a new home appraisal, and there is no income or employment verification step; the result is a faster process and with less paperwork. Borrowers who are underwater on their FHA mortgage, without significant equity, or have experienced any employment or credit hardships can still qualify for the fixed or adjustable-rate mortgage a Streamline refinance provides. 

Streamline Refinance Requirements:

  • Borrower must currently have an FHA-insured mortgage.
  • The refinance must pose a net tangible benefit for the borrower, meaning the process and fees won't outweigh the advantages. 
  • A minimum of six mortgage payments must have been made at the time of applying, or applying must be at least 210 days from closing.
  • Borrower must have clean payment history from the past year. 

Refinancing borrowers will likely have to pay an upfront and monthly mortgage insurance premium (MIP).

North Carolina FHA Loan Lenders

As mentioned above, FHA loans can be originated by qualified FHA loan lenders in NC. These lenders have received approval from the U.S. Department of Housing and Urban Development (HUD) and are qualified to issue all types of FHA loans, including FHA Streamline Refinances, FHA 203k Loans, and FHA Loans for the purchase of FHA-Approved Condos.

North Carolina Counties and FHA Loan Limits

County Name One-Family Two-Family Three-Family Four-Family
ALAMANCE $271,050 $347,000 $419,400 $521,250
ALEXANDER $271,050 $347,000 $419,400 $521,250
ALLEGHANY $271,050 $347,000 $419,400 $521,250
ANSON $303,750 $388,850 $470,000 $584,150
ASHE $271,050 $347,000 $419,400 $521,250
AVERY $271,050 $347,000 $419,400 $521,250
BEAUFORT $271,050 $347,000 $419,400 $521,250
BERTIE $271,050 $347,000 $419,400 $521,250
BLADEN $271,050 $347,000 $419,400 $521,250
BRUNSWICK $303,750 $388,850 $470,000 $584,150
BUNCOMBE $303,750 $388,850 $470,000 $584,150
BURKE $271,050 $347,000 $419,400 $521,250
CABARRUS $303,750 $388,850 $470,000 $584,150
CALDWELL $271,050 $347,000 $419,400 $521,250
CAMDEN $729,750 $934,200 $1,129,250 $1,403,400
CARTERET $287,500 $368,050 $444,900 $552,900
CASWELL $271,050 $347,000 $419,400 $521,250
CATAWBA $271,050 $347,000 $419,400 $521,250
CHATHAM $334,650 $428,400 $517,850 $643,550
CHEROKEE $271,050 $347,000 $419,400 $521,250
CHOWAN $271,050 $347,000 $419,400 $521,250
CLAY $271,050 $347,000 $419,400 $521,250
CLEVELAND $271,050 $347,000 $419,400 $521,250
COLUMBUS $271,050 $347,000 $419,400 $521,250
CRAVEN $271,050 $347,000 $419,400 $521,250
CUMBERLAND $271,050 $347,000 $419,400 $521,250
CURRITUCK $458,850 $587,400 $710,050 $882,400
DARE $460,000 $588,850 $711,800 $884,600
DAVIDSON $271,050 $347,000 $419,400 $521,250
DAVIE $271,050 $347,000 $419,400 $521,250
DUPLIN $271,050 $347,000 $419,400 $521,250
DURHAM $334,650 $428,400 $517,850 $643,550
EDGECOMBE $271,050 $347,000 $419,400 $521,250
FORSYTH $271,050 $347,000 $419,400 $521,250
FRANKLIN $295,000 $377,650 $456,500 $567,300
GASTON $303,750 $388,850 $470,000 $584,150
GATES $271,050 $347,000 $419,400 $521,250
GRAHAM $271,050 $347,000 $419,400 $521,250
GRANVILLE $271,050 $347,000 $419,400 $521,250
GREENE $271,050 $347,000 $419,400 $521,250
GUILFORD $271,050 $347,000 $419,400 $521,250
HALIFAX $271,050 $347,000 $419,400 $521,250
HARNETT $271,050 $347,000 $419,400 $521,250
HAYWOOD $303,750 $388,850 $470,000 $584,150
HENDERSON $303,750 $388,850 $470,000 $584,150
HERTFORD $271,050 $347,000 $419,400 $521,250
HOKE $271,050 $347,000 $419,400 $521,250
HYDE $483,000 $618,300 $747,400 $928,850
IREDELL $271,050 $347,000 $419,400 $521,250
JACKSON $271,050 $347,000 $419,400 $521,250
JOHNSTON
$295,000
$377,650
$456,500
$567,300
JONES
$271,050
$347,000
$419,425
$521,250
LEE
$271,050
$347,000
$419,425
$521,250
LENOIR
$271,050
$347,000
$419,425
$521,250
LINCOLN
$271,050
$347,000
$419,425
$521,250
MACON
$271,050
$347,000
$419,425
$521,250
MADISON
$303,750
$388,850
$470,000
$584,150
MARTIN
$271,050
$347,000
$419,425
$521,250
MCDOWELL
$271,050
$347,000
$419,425
$521,250
MECKLENBURG
$303,750
$388,850
$470,000
$584,150
MITCHELL
$271,050
$347,000
$419,425
$521,250
MONTGOMERY
$271,050
$347,000
$419,425
$521,250
MOORE
$271,050
$347,000
$419,425
$521,250
NASH
$271,050
$347,000
$419,425
$521,250
NEW HANOVER
$303,750
$388,850
$470,000
$584,150
NORTHAMPTON
$271,050
$347,000
$419,425
$521,250
ONSLOW
$306,250
$392,050
$473,900
$588,950
ORANGE
$334,650
$428,400
$517,850
$643,550
PAMLICO
$271,050
$347,000
$419,425
$521,250
PASQUOTANK
$729,750
$934,200
$1,129,250
$1,403,400
PENDER
$303,750
$388,850
$470,000
$584,150
PERQUIMANS
$729,750
$934,200
$1,129,250
$1,403,400
PERSON
$334,650
$428,400
$517,850
$643,550
PITT
$271,050
$347,000
$419,425
$521,250
POLK
$271,050
$347,000
$419,425
$521,250
RANDOLPH
$271,050
$347,000
$419,425
$521,250
RICHMOND
$271,050
$347,000
$419,425
$521,250
ROBESON
$271,050
$347,000
$419,425
$521,250
ROCKINGHAM
$271,050
$347,000
$419,425
$521,250
ROWAN
$271,050
$347,000
$419,425
$521,250
RUTHERFORD
$271,050
$347,000
$419,425
$521,250
SAMPSON
$271,050
$347,000
$419,425
$521,250
SCOTLAND
$271,050
$347,000
$419,425
$521,250
STANLY
$271,050
$347,000
$419,425
$521,250
STOKES
$271,050
$347,000
$419,425
$521,250
SURRY
$271,050
$347,000
$419,425
$521,250
SWAIN
$271,050
$347,000
$419,425
$521,250
TRANSYLVANIA
$293,750
$376,050
$454,550
$564,900
TYRRELL
$271,050
$347,000
$419,425
$521,250
UNION
$303,750
$388,850
$470,000
$584,150
VANCE
$271,050
$347,000
$419,425
$521,250
WAKE
$295,000
$377,650
$456,500
$567,300
WARREN
$271,050
$347,000
$419,425
$521,250
WASHINGTON
$271,050
$347,000
$419,425
$521,250
WATAUGA
$285,000
$364,850
$441,000
$548,050
WAYNE
$271,050
$347,000
$419,425
$521,250
WILKES
$271,050
$347,000
$419,425
$521,250
WILSON
$271,050
$347,000
$419,425
$521,250
YADKIN
$271,050
$347,000
$419,425
$521,250
YANCEY
$271,050
$347,000
$419,425
$521,250
Local Cities

user suit Lenders in: North Carolina.

Subscribe to our news feed.