Athens FHA Loan Rates, Closing Costs & Stats

Athens, TX

  • JUMP TO:
  • Trends
  • Rates vs Fees
  • Top Lenders
  • Markets
  • Loan Limits

    • 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.

    Athens's 55 lenders originated 243 FHA loans during 2024. The total origination value was $56,445,000, with an average FHA loan value of $232,284.

    Athens FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Athens averaged 0.43% for the week of 2025-06-20, compared to the national average (all FHA variants) of 0% for the same period.

    Athens's average FHA mortgage closing costs are $8,589.

    The average rate for the prior week (2025-06-13) was 7.11% and one month ago for the week of 2025-05-16, the average rate was 6.68%.

    The average rate one year ago was 7.03%.

    For refis of the same type during the week of 2025-06-20, the average rate was 0.28%.

    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

    Athens 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 Athens level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 32 6.75% $12,182
    DHI MORTGAGE COMPANY, LTD. 19 5.09% $6,575
    UNITED WHOLESALE MORTGAGE, LLC 15 6.43% $11,537
    CARDINAL FINANCIAL 13 6.48% $11,822
    QUICKEN LOANS, LLC 12 6.45% $9,848
    LOANDEPOT.COM, LLC 9 7.21% $9,856
    CROSSCOUNTRY MORTGAGE, LLC 8 6.15% $12,206
    CMG MORTGAGE, INC. 8 7.31% $11,838
    GUILD MORTGAGE COMPANY 7 6.91% $11,020
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 6 7.08% $13,447
    WILLOW BEND MORTGAGE COMPANY, LLC 6 6.60% $13,129
    HALLMARK HOME MORTGAGE, LLC 5 6.80% $10,297
    BROKER SOLUTIONS, INC. 5 7.27% $11,789
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 5 6.65% $5,755
    FREEDOM MORTGAGE CORPORATION 3 6.21% $8,181
    AFFORDABLE MORTGAGE ADVISORS, LLC. 3 7.13% $11,430
    AMERICAN PORTFOLIO MORTGAGE CORPORATION 3 7.08% $8,176
    CANOPY MORTGAGE, LLC 3 6.21% $14,545
    Equity Prime Mortgage LLC 3 7.71% $9,429
    EVERETT FINANCIAL, INC. 3 6.42% $11,396
    INTEGRITY MORTGAGE CORPORATION OF TEXAS 3 6.46% $14,506
    MORTGAGE FINANCIAL SERVICES, LLC 3 7.25% $12,026
    S1L, Inc. 3 6.92% $9,636
    SUMMIT FUNDING, INC. 3 6.29% $10,265
    AMERICAN FINANCIAL NETWORK, INC. 2 7.31% $10,990
    SFMC, LP 2 7.31% $14,575
    Nations Lending Corporation 2 7.06% $7,065
    Ixonia Bank 2 7.25% $9,617
    LAKEVIEW LOAN SERVICING, LLC 2 6.50% $5,086
    Paramount Residential Mortgage Group, Inc. 2 6.44% $9,842
    PRIMARY RESIDENTIAL MORTGAGE, INC. 2 6.44% $14,793
    EUSTIS AND AMERICAN MORTGAGE COMPANY 2 6.63% $7,568
    AmeriHome Mortgage Company, LLC 2 7.06% $6,688
    BancorpSouth 2 7.00% $7,750
    COUNTRYPLACE MORTGAGE, LTD. 2 5.44% $13,897
    VILLAGE CAPITAL MORTGAGE 1 6.88% $3,537
    STANDARD MORTGAGE CORPORATION 1 6.13% $6,508
    ALTRA 1 5.88% $8,079
    T2 FINANCIAL LLC 1 6.13% $11,684
    THE MORTGAGE LINK, INC. 1 6.99% $16,521
    Trinity Oaks Mortgage, LLC 1 6.13% $13,197
    1ST SIGNATURE LENDING, LLC 1 7.00% $15,374
    Gateway First Bank 1 7.88% $10,928
    GUARANTEED RATE AFFINITY, LLC 1 6.63% $17,209
    GENEVA FINANCIAL, LLC 1 6.88% $8,485
    GUARANTEED RATE, INC. 1 6.25% $15,262
    BELEM SERVICING LLC 1 6.99% $10,852
    UNION HOME MORTGAGE CORP. 1 7.75% $9,850
    LOANPEOPLE, LLC 1 7.38% $9,950
    MID AMERICA MORTGAGE, INC. 1 7.63% $7,569
    NATIONS RELIABLE LENDING, LLC 1 5.99% $22,179
    NBH Bank 1 5.25% $9,670
    Prosperity Home Mortgage, LLC 1 5.75% $8,724
    AMERICAN FINANCIAL RESOURCES, INC. 1 6.75% $9,527
    RB MORTGAGE LLC 1 6.50% $8,568

    The top Athens FHA lender as defined by loan originations is FAIRWAY INDEPENDENT MORTGAGE CORPORATION, with 32 FHA loans originated. Their average total fees are $12,182, which is $5,607 higher than the next largest lender, DHI MORTGAGE COMPANY, LTD..

    The lowest fee Athens FHA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. ($6,575), QUICKEN LOANS, LLC ($9,848), UNITED WHOLESALE MORTGAGE, LLC ($11,537), CARDINAL FINANCIAL ($11,822) and FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($12,182).

    The lowest rate Athens FHA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (5.09%), UNITED WHOLESALE MORTGAGE, LLC (6.43%), QUICKEN LOANS, LLC (6.45%), CARDINAL FINANCIAL (6.48%) and FAIRWAY INDEPENDENT MORTGAGE CORPORATION (6.75%).

    Athens FHA Loan Limits

    Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
    ATHENS, TX HENDERSON 2022 $420,680 $538,650 $651,050 $809,150
    ATHENS, TX HENDERSON 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).