Alice FHA Loan Rates, Closing Costs & Stats
Alice, TX
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.
Alice's 36 lenders originated 90 FHA loans during 2023. The total origination value was $17,880,000, with an average FHA loan value of $198,667.
Alice FHA Loans, 30 Year Fixed Rates
30 Year FHA mortgages in Alice
averaged
6%
for the week of 2024-10-04, compared to the national average (all FHA variants) of
5.885% for the same period.
Alice's average FHA mortgage closing costs are $8,412.
The average rate for the prior week (2024-09-27) was
5.79% and
one month ago for the week of 2024-08-30, the
average rate was 6.35%.
The average rate one year ago was 7.19%.
For refis of the same type during the week of 2024-10-04, the average rate
was 5.89%.
Alice 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 Alice level.
The top Alice FHA lender as defined by loan originations is MOVEMENT MORTGAGE, LLC, with
13 FHA loans originated. Their average total fees are
$10,537, which is $1,660
higher than the next largest lender,
First National Bank Texas.
The lowest fee Alice FHA lenders (with over 10 loans originated) are
MOVEMENT MORTGAGE, LLC ($10,537), .
The lowest rate Alice FHA lenders (with over 10 loans originated) are
MOVEMENT MORTGAGE, LLC (6.48%), .
Alice FHA Loan Limits
Metro | County | Year | Single Family Limit | 2 Family Limit | 3 Family Limit | 4 Family Limit |
---|---|---|---|---|---|---|
ALICE, TX | DUVAL | 2022 | $420,680 | $538,650 | $651,050 | $809,150 |
ALICE, TX | JIM WELLS | 2022 | $420,680 | $538,650 | $651,050 | $809,150 |
ALICE, TX | DUVAL | 2023 | $472,030 | $604,400 | $730,525 | $907,900 |
ALICE, TX | JIM WELLS | 2023 | $472,030 | $604,400 | $730,525 | $907,900 |
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Alice (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $165,625 (20.0%) | $202,972 (23.1%) | 0.00 | 163 |
2018-02-01 | $165,125 (10.1%) | $207,033 (15.5%) | 0.00 | 151 |
2018-03-01 | $169,900 (9.4%) | $218,552 (17.1%) | 0.00 | 143 |
2018-04-01 | $171,175 (10.2%) | $223,459 (17.4%) | 0.00 | 138 |
2018-05-01 | $158,000 (2.7%) | $206,997 (8.5%) | 0.00 | 148 |
2018-06-01 | $152,400 (-2.0%) | $208,061 (8.5%) | 0.00 | 154 |
2018-07-01 | $150,125 (-2.3%) | $205,852 (8.0%) | 0.00 | 156 |
2018-08-01 | $149,250 (-4.6%) | $200,632 (5.4%) | 0.00 | 161 |
2018-09-01 | $149,000 (-0.6%) | $193,155 (2.7%) | 0.00 | 154 |
2018-10-01 | $147,500 (1.8%) | $189,109 (-3.4%) | 0.00 | 147 |
2018-11-01 | $129,370 (-14.3%) | $182,136 (-8.5%) | 0.00 | 138 |
2018-12-01 | $146,000 (-10.4%) | $187,684 (-6.9%) | 0.00 | 127 |
2019-01-01 | $147,875 (-10.7%) | $191,715 (-5.6%) | 0.00 | 123 |
2019-02-01 | $140,725 (-14.8%) | $198,482 (-4.1%) | 0.00 | 118 |
2019-03-01 | $142,900 (-15.9%) | $199,896 (-8.5%) | 0.00 | 118 |
2019-04-01 | $146,925 (-14.2%) | $197,658 (-11.6%) | 0.00 | 118 |
2019-05-01 | $149,300 (-5.5%) | $197,994 (-4.4%) | 0.00 | 123 |
2019-06-01 | $140,900 (-7.6%) | $183,956 (-11.6%) | 0.00 | 111 |
2019-07-01 | $142,550 (-5.1%) | $181,782 (-11.7%) | 0.00 | 108 |
2019-08-01 | $154,386 (3.4%) | $189,677 (-5.5%) | 0.00 | 109 |
2019-09-01 | $155,716 (4.5%) | $194,359 (0.6%) | 0.00 | 109 |
2019-10-01 | $156,602 (6.2%) | $197,480 (4.4%) | 0.00 | 108 |
2019-11-01 | $169,950 (31.4%) | $201,332 (10.5%) | 0.00 | 108 |
2019-12-01 | $153,100 (4.9%) | $191,970 (2.3%) | 0.00 | 111 |
2020-01-01 | $159,900 (8.1%) | $193,893 (1.1%) | 0.00 | 102 |
2020-02-01 | $178,250 (26.7%) | $209,247 (5.4%) | 0.00 | 105 |
2020-03-01 | $172,400 (20.6%) | $203,804 (2.0%) | 0.00 | 106 |
2020-04-01 | $164,500 (12.0%) | $197,063 (-0.3%) | 0.00 | 117 |
2020-05-01 | $169,000 (13.2%) | $198,031 (0.0%) | 0.00 | 108 |
2020-06-01 | $185,950 (32.0%) | $213,988 (16.3%) | 0.00 | 92 |
2020-07-01 | $190,675 (33.8%) | $227,989 (25.4%) | 0.00 | 84 |
2020-08-01 | $189,900 (23.0%) | $237,079 (25.0%) | 0.00 | 86 |
2020-09-01 | $212,500 (36.5%) | $243,793 (25.4%) | 0.00 | 81 |
2020-10-01 | $199,700 (27.5%) | $237,174 (20.1%) | 0.00 | 82 |
2020-11-01 | $188,925 (11.2%) | $226,697 (12.6%) | 0.00 | 74 |
2020-12-01 | $190,975 (24.7%) | $224,499 (16.9%) | 0.00 | 76 |
2021-01-01 | $188,000 (17.6%) | $220,479 (13.7%) | 0.00 | 71 |
2021-02-01 | $177,450 (-0.5%) | $218,566 (4.5%) | 0.00 | 66 |
2021-03-01 | $175,000 (1.5%) | $204,702 (0.4%) | 0.00 | 64 |
2021-04-01 | $199,625 (21.4%) | $213,748 (8.5%) | 0.00 | 58 |
2021-05-01 | $175,000 (3.6%) | $202,367 (2.2%) | 0.00 | 57 |
2021-06-01 | $183,000 (-1.6%) | $210,246 (-1.8%) | 0.00 | 52 |
2021-07-01 | $170,000 (-10.8%) | $208,058 (-8.7%) | 0.00 | 74 |
2021-08-01 | $159,000 (-16.3%) | $194,368 (-18.0%) | 0.00 | 78 |
2021-09-01 | $173,725 (-18.3%) | $210,454 (-13.7%) | 0.00 | 82 |
2021-10-01 | $175,000 (-12.4%) | $205,541 (-13.3%) | 0.00 | 88 |
2021-11-01 | $167,250 (-11.5%) | $212,416 (-6.3%) | 0.00 | 83 |
2021-12-01 | $157,750 (-17.4%) | $219,570 (-2.2%) | 0.00 | 80 |
2022-01-01 | $149,500 (-20.5%) | $200,900 (-8.9%) | 0.00 | 75 |
2022-02-01 | $154,500 (-12.9%) | $210,420 (-3.7%) | 0.00 | 65 |
2022-03-01 | $173,725 (-0.7%) | $264,353 (29.1%) | 0.00 | 68 |
2022-04-01 | $163,000 (-18.4%) | $224,469 (5.0%) | 0.00 | 66 |
2022-05-01 | $161,750 (-7.6%) | $232,396 (14.8%) | 0.00 | 69 |
2022-06-01 | $175,000 (-4.4%) | $239,441 (13.9%) | 0.00 | 79 |
2022-07-01 | $169,450 (-0.3%) | $217,440 (4.5%) | 0.00 | 87 |
2022-08-01 | $169,700 (6.7%) | $230,421 (18.6%) | 0.00 | 96 |
2022-09-01 | $169,225 (-2.6%) | $227,970 (8.3%) | 0.00 | 100 |
2022-10-01 | $169,900 (-2.9%) | $231,491 (12.6%) | 0.00 | 102 |
2022-11-01 | $167,850 (0.4%) | $226,321 (6.6%) | 0.00 | 108 |
2022-12-01 | $159,500 (1.1%) | $209,343 (-4.7%) | 0.00 | 104 |
2023-01-01 | $159,250 (6.5%) | $207,109 (3.1%) | 0.00 | 108 |
2023-02-01 | $159,000 (2.9%) | $209,001 (-0.7%) | 0.00 | 106 |
2023-03-01 | $159,250 (-8.3%) | $211,338 (-20.1%) | 0.00 | 98 |
2023-04-01 | $175,000 (7.4%) | $227,220 (1.2%) | 0.00 | 90 |
2023-05-01 | $198,075 (22.5%) | $239,432 (3.0%) | 0.00 | 97 |
2023-06-01 | $182,475 (4.3%) | $238,505 (-0.4%) | 0.00 | 100 |
2023-07-01 | $168,000 (-0.9%) | $221,175 (1.7%) | 0.00 | 92 |
2023-08-01 | $169,450 (-0.2%) | $224,527 (-2.6%) | 0.00 | 98 |
2023-09-01 | $174,900 (3.4%) | $222,558 (-2.4%) | 0.00 | 102 |
2023-10-01 | $182,500 (7.4%) | $244,715 (5.7%) | 0.00 | 100 |
2023-11-01 | $173,750 (3.5%) | $238,548 (5.4%) | 0.00 | 104 |
2023-12-01 | $187,000 (17.2%) | $259,403 (23.9%) | 0.00 | 109 |
2024-01-01 | $185,000 (16.2%) | $261,573 (26.3%) | 0.00 | 107 |
2024-02-01 | $184,375 (16.0%) | $233,940 (11.9%) | 0.00 | 109 |
2024-03-01 | $209,500 (31.6%) | $249,886 (18.2%) | 0.00 | 104 |
2024-04-01 | $219,925 (25.7%) | $273,213 (20.2%) | 0.00 | 109 |
2024-05-01 | $219,950 (11.0%) | $281,991 (17.8%) | 0.00 | 113 |
2024-06-01 | $229,500 (25.8%) | $297,472 (24.7%) | 0.00 | 127 |
2024-07-01 | $227,250 (35.3%) | $298,173 (34.8%) | 0.00 | 135 |
2024-08-01 | $225,000 (32.8%) | $294,051 (31.0%) | 0.00 | 139 |
2024-09-01 | $225,000 (28.6%) | $294,298 (32.2%) | 0.00 | 143 |
Alice's median listing price comes in at 0% of the national average.
Alice's average listing price for 2024-09-01 was $294,298, a difference of $71,740 (32.2%) versus the prior year and $247 versus the prior month.
For the 2024-09-01 period, Alice had 143 MLS listings, a difference of 4 listings (3%) versus the prior month and 41 listings (40%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Alice (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,885 sqft |
2018-02-01 | 0 days | 1,982 sqft |
2018-03-01 | 0 days | 2,100 sqft |
2018-04-01 | 0 days | 2,097 sqft |
2018-05-01 | 0 days | 1,932 sqft |
2018-06-01 | 0 days | 1,901 sqft |
2018-07-01 | 0 days | 1,823 sqft |
2018-08-01 | 0 days | 1,814 sqft |
2018-09-01 | 0 days | 1,788 sqft |
2018-10-01 | 0 days | 1,720 sqft |
2018-11-01 | 0 days | 1,708 sqft |
2018-12-01 | 0 days | 1,755 sqft |
2019-01-01 | 0 days | 1,746 sqft |
2019-02-01 | 0 days | 1,760 sqft |
2019-03-01 | 0 days | 1,760 sqft |
2019-04-01 | 0 days | 1,759 sqft |
2019-05-01 | 0 days | 1,806 sqft |
2019-06-01 | 0 days | 1,821 sqft |
2019-07-01 | 0 days | 1,794 sqft |
2019-08-01 | 0 days | 1,812 sqft |
2019-09-01 | 0 days | 1,848 sqft |
2019-10-01 | 0 days | 1,857 sqft |
2019-11-01 | 0 days | 1,820 sqft |
2019-12-01 | 0 days | 1,742 sqft |
2020-01-01 | 0 days | 1,759 sqft |
2020-02-01 | 0 days | 1,810 sqft |
2020-03-01 | 0 days | 1,805 sqft |
2020-04-01 | 0 days | 1,797 sqft |
2020-05-01 | 0 days | 1,785 sqft |
2020-06-01 | 0 days | 1,875 sqft |
2020-07-01 | 0 days | 2,027 sqft |
2020-08-01 | 0 days | 2,071 sqft |
2020-09-01 | 0 days | 2,106 sqft |
2020-10-01 | 0 days | 2,049 sqft |
2020-11-01 | 0 days | 1,857 sqft |
2020-12-01 | 0 days | 1,800 sqft |
2021-01-01 | 0 days | 1,775 sqft |
2021-02-01 | 0 days | 1,788 sqft |
2021-03-01 | 0 days | 1,757 sqft |
2021-04-01 | 0 days | 1,718 sqft |
2021-05-01 | 0 days | 1,632 sqft |
2021-06-01 | 0 days | 1,656 sqft |
2021-07-01 | 0 days | 1,716 sqft |
2021-08-01 | 0 days | 1,644 sqft |
2021-09-01 | 0 days | 1,690 sqft |
2021-10-01 | 0 days | 1,638 sqft |
2021-11-01 | 0 days | 1,711 sqft |
2021-12-01 | 0 days | 1,735 sqft |
2022-01-01 | 0 days | 1,512 sqft |
2022-02-01 | 0 days | 1,574 sqft |
2022-03-01 | 0 days | 1,632 sqft |
2022-04-01 | 0 days | 1,429 sqft |
2022-05-01 | 0 days | 1,496 sqft |
2022-06-01 | 0 days | 1,498 sqft |
2022-07-01 | 0 days | 1,490 sqft |
2022-08-01 | 0 days | 1,515 sqft |
2022-09-01 | 0 days | 1,580 sqft |
2022-10-01 | 0 days | 1,632 sqft |
2022-11-01 | 0 days | 1,602 sqft |
2022-12-01 | 0 days | 1,624 sqft |
2023-01-01 | 0 days | 1,550 sqft |
2023-02-01 | 0 days | 1,461 sqft |
2023-03-01 | 0 days | 1,446 sqft |
2023-04-01 | 0 days | 1,476 sqft |
2023-05-01 | 0 days | 1,508 sqft |
2023-06-01 | 0 days | 1,496 sqft |
2023-07-01 | 0 days | 1,503 sqft |
2023-08-01 | 0 days | 1,519 sqft |
2023-09-01 | 0 days | 1,495 sqft |
2023-10-01 | 0 days | 1,495 sqft |
2023-11-01 | 0 days | 1,487 sqft |
2023-12-01 | 0 days | 1,512 sqft |
2024-01-01 | 0 days | 1,514 sqft |
2024-02-01 | 0 days | 1,513 sqft |
2024-03-01 | 0 days | 1,542 sqft |
2024-04-01 | 0 days | 1,564 sqft |
2024-05-01 | 0 days | 1,593 sqft |
2024-06-01 | 0 days | 1,647 sqft |
2024-07-01 | 0 days | 1,662 sqft |
2024-08-01 | 0 days | 1,681 sqft |
2024-09-01 | 0 days | 1,610 sqft |
Alice's median square footage for active listings during the 2024-09-01 period was 1,610 sqft. One year prior, the average listing was 1,495 sqft.