Austin FHA Loan Rates, Closing Costs & Stats

AUSTIN-ROUND ROCK-GEORGETOWN, 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.

Austin's 207 lenders originated 6,994 FHA loans during 2021. The total origination value was $1,857,690,000, with an average FHA loan value of $265,612.

Austin FHA Loans, 30 Year Fixed Rates

30 Year FHA mortgages in Austin averaged 6.46% for the week of 2022-12-02, compared to the national average (all FHA variants) of 6.466% for the same period.

Austin's average FHA mortgage closing costs are $8,891.

The average rate for the prior week (2022-11-25) was 6.18% and one month ago for the week of 2022-10-28, the average rate was 6.82%.

The average rate one year ago was 3.15%.

For refis of the same type during the week of 2022-12-02, the average rate was 6.04%.

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

Austin 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 Austin level.

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
DHI MORTGAGE COMPANY, LTD. 547 2.99% $8,690
LAKEVIEW LOAN SERVICING, LLC 336 2.97% $5,840
FREEDOM MORTGAGE CORPORATION 275 2.82% $6,493
KBHS HOME LOANS, LLC 255 3.38% $10,703
QUICKEN LOANS, LLC 209 2.62% $6,524
PULTE MORTGAGE LLC 196 3.12% $6,268
Mr. Cooper ( Nationstar Mortgage ) 180 3.25% $4,885
Lakeview Community Capital, LLC 173 3.01% $5,615
EAGLE HOME MORTGAGE, LLC 167 3.24% $10,597
LOANDEPOT.COM, LLC 158 3.16% $11,217
VELOCIO MORTGAGE L.L.C. 134 3.06% $12,511
CALIBER HOME LOANS, INC. 123 2.74% $7,966
CMG MORTGAGE, INC. 116 3.05% $12,071
PENNYMAC LOAN SERVICES, LLC 107 3.02% $6,443
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 104 3.35% $10,812
AMCAP MORTGAGE, LTD. 92 3.35% $13,075
SECURITYNATIONAL MORTGAGE COMPANY 90 3.29% $10,668
SFMC, LP 90 3.19% $11,986
GUILD MORTGAGE COMPANY 81 3.23% $10,579
UNIVERSITY Federal Credit Union 74 2.71% $10,107
VILLAGE CAPITAL MORTGAGE 71 2.81% $2,768
UNITED WHOLESALE MORTGAGE, LLC 68 2.76% $11,028
NEWREZ LLC 63 2.93% $6,182
AmeriHome Mortgage Company, LLC 63 2.80% $5,647
CORNERSTONE HOME LENDING, INC. 56 3.28% $12,883
CITY FIRST MORTGAGE SERVICES, L.L.C. 53 3.15% $11,033
THRIVE MORTGAGE, LLC 50 3.10% $11,307
ADVISA MORTGAGE SERVICES, LTD. 47 3.43% $8,705
HOME FINANCING UNLIMITED, INC. 47 3.08% $11,862
NATIONS RELIABLE LENDING, LLC 44 3.20% $10,778
PRIMELENDING, A PLAINSCAPITAL COMPANY 43 3.31% $11,837
MID AMERICA MORTGAGE, INC. 41 3.02% $5,573
INSPIRE HOME LOANS INC. 40 3.21% $10,143
MOVEMENT MORTGAGE, LLC 36 2.98% $10,931
CLM MORTGAGE, INC 35 3.26% $11,470
South Pacific Financial Corporation 34 2.71% $11,039
PLANET HOME LENDING, LLC 34 2.95% $7,796
ARK-LA-TEX FINANCIAL SERVICES, LLC. 32 3.15% $9,682
SOUTHWEST FUNDING, LP 31 3.56% $13,130
INTERLINC MORTGAGE SERVICES, LLC 31 3.30% $9,933
HOMEBRIDGE FINANCIAL SERVICES, INC. 31 2.74% $6,016
M/I FINANCIAL, LLC 30 2.80% $11,640
Carrington Mortgage Services, LLC 30 3.42% $9,197
Republic State Mortgage Co. 29 3.11% $10,907
HOME POINT FINANCIAL CORPORATION 29 2.76% $10,212
CROSSCOUNTRY MORTGAGE, LLC 28 3.22% $12,493
WILLOW BEND MORTGAGE COMPANY, LLC 26 3.02% $11,372
Gateway First Bank 26 3.28% $9,666
SOUTHWEST STAGE FUNDING, LLC 25 3.10% $4,159
MORTGAGE FINANCIAL SERVICES, LLC 24 2.98% $10,372
LOANPEOPLE, LLC 24 2.98% $11,268
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 23 3.21% $9,944
Network Funding, L.P. 20 3.17% $10,421
BROKER SOLUTIONS, INC. 19 3.04% $9,092
InterContinental Capital Group, Inc 18 2.67% $8,513
Waterstone Mortgage Corporation 18 3.40% $10,232
FIRST CENTENNIAL MORTGAGE CORPORATION 17 3.17% $9,098
Austin Capital Bank SSB 17 3.18% $10,859
HOMESIDE FINANCIAL, LLC 16 3.18% $9,298
The Home Loan Expert LLC 16 2.63% $9,979
Paramount Residential Mortgage Group, Inc. 16 3.43% $9,624
Equity Prime Mortgage LLC 16 3.35% $10,891
CANOPY MORTGAGE, LLC 15 2.96% $11,029
First Guaranty Mortgage Corporation 14 2.83% $7,668
Flagstar Bank, FSB 13 2.66% $9,168
LEGEND LENDING CORPORATION 13 2.70% $7,027
SWBC MORTGAGE CORPORATION 12 3.08% $8,843
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 11 3.60% $11,382
Assurance Financial Group, L.L.C. 11 3.03% $11,365
SUMMIT FUNDING, INC. 11 3.38% $11,289
CORNERSTONE MORTGAGE PARTNERS OF TEXAS, L.P. 10 3.44% $12,907
GUARANTEED RATE, INC. 10 2.81% $10,215
PLAZA HOME MORTGAGE, INC. 10 3.32% $10,688
FIRST CONTINENTAL MORTGAGE, LTD. 10 3.23% $9,288
AMERICAN FINANCIAL NETWORK, INC. 9 3.22% $12,087
EVERETT FINANCIAL, INC. 9 3.64% $8,741
PRIORITY HOME MORTGAGE, L.P. 9 3.54% $8,921
CELEBRITY HOME LOANS, LLC 9 2.97% $10,452
COUNTRYPLACE MORTGAGE, LTD. 8 3.17% $19,400
KELLER MORTGAGE, LLC 8 2.69% $10,928
ASPIRE FINANCIAL, INC. 8 2.47% $9,978
Northpointe Bank 8 3.34% $9,485
MUTUAL OF OMAHA MORTGAGE, INC. 7 2.95% $10,347
AMERICAN FINANCIAL RESOURCES, INC. 7 4.05% $10,576
FINANCE OF AMERICA MORTGAGE LLC 7 2.73% $10,753
CRESTMARK MORTGAGE COMPANY, LTD. 7 3.32% $15,934
RB MORTGAGE LLC 7 2.55% $8,818
PRIMARY RESIDENTIAL MORTGAGE, INC. 7 3.20% $9,179
ANGEL OAK HOME LOANS LLC 7 2.89% $10,825
AMERISAVE MORTGAGE CORPORATION 7 2.96% $7,917
OCEANSIDE MORTGAGE COMPANY 7 2.71% $4,110
TJC Mortgage, Inc. 6 3.27% $10,796
Amerifirst Financial, Inc. 6 3.40% $9,615
FC LENDING, LTD. 6 3.23% $10,781
Mortgage Research Center, LLC 6 3.04% $9,255
SENTE MORTGAGE, INC. 6 3.19% $12,857
Commerce Home Mortgage, Inc. 6 3.06% $11,073
JET HOMELOANS, LLC 6 3.38% $13,186
First United Bank and Trust Company 6 2.96% $9,690
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 5 3.83% $10,987
Goldwater Bank, N.A. 5 3.33% $9,994
ROUNDPOINT MORTGAGE SERVICING CORPORATION 5 3.18% $8,324
BancorpSouth Bank 5 2.83% $9,897
LOANPAL, LLC 5 2.35% $10,793
S1L, Inc. 5 3.28% $12,001
CERTAINTY HOME LOANS, LLC 5 3.27% $8,841
NTFN, INC. 5 3.13% $7,633
HOMEOWNERS FINANCIAL GROUP USA, LLC 5 2.95% $9,626
Stride Bank 5 3.50% $11,021
GUARANTEED RATE AFFINITY, LLC 5 2.88% $10,952
GREAT WESTERN FINANCIAL SERVICES, INC. 4 3.00% $10,207
GENEVA FINANCIAL, LLC 4 3.28% $13,473
AMERICAN PACIFIC MORTGAGE CORPORATION 4 2.84% $9,742
CHURCHILL MORTGAGE CORPORATION 4 2.59% $10,575
Hometown Lenders, Inc. 4 3.22% $11,552
HOMETRUST MORTGAGE COMPANY 4 3.00% $10,453
ACADEMY MORTGAGE CORPORATION 4 2.63% $11,303
V.I.P. MORTGAGE, INC. 4 3.44% $8,650
Paramount Bank 4 2.44% $10,028
MORTGAGE SOLUTIONS OF COLORADO, LLC 4 3.31% $9,926
RANLIFE, INC. 4 3.12% $8,887
DATA MORTGAGE, INC. 3 4.21% $8,198
Wyndham Capital Mortgage, Inc. 3 2.63% $8,759
First National Bank Texas 3 2.71% $9,571
STEARNS LENDING, LLC 3 2.63% $8,635
Great Plains National Bank 3 3.67% $11,371
BKCO MORTGAGE, LLC 3 3.00% $11,572
OPEN MORTGAGE, LLC 3 2.75% $11,105
First Bank 3 3.38% $11,560
ZILLOW HOME LOANS, LLC 2 2.31% $9,510
AMERICAN FINANCING CORPORATION 2 3.06% $9,542
BAYSHORE MORTGAGE FUNDING, LLC 2 3.25% $7,407
CONTOUR MORTGAGE CORPORATION 2 2.63% $11,547
DIRECTIONS EQUITY, LLC 2 3.69% $7,721
ENDEAVOR CAPITAL, LLC. 2 3.06% $2,954
ENVOY MORTGAGE, LTD 2 3.00% $10,762
FBC MORTGAGE, LLC 2 3.00% $9,677
First Home Bank 2 3.06% $13,527
FLAT BRANCH MORTGAGE, INC. 2 3.13% $11,663
HANCOCK MORTGAGE PARTNERS, LLC 2 3.38% $16,466
HOMESPIRE MORTGAGE CORPORATION 2 3.13% $9,885
Hometown Equity Mortgage, LLC 2 4.50% $13,098
MORIA DEVELOPMENT, INC. 2 3.31% $9,926
Nations Lending Corporation 2 3.94% $8,208
PANORAMA MORTGAGE GROUP, LLC 2 3.25% $13,095
T2 FINANCIAL LLC 2 3.13% $12,379
TIAA, FSB 2 2.75% $6,652
UNION HOME MORTGAGE CORP. 2 3.19% $9,582
UNIVERSITY LENDING GROUP, LLC 2 3.19% $10,434
Wallick & Volk, Inc. 2 3.25% $12,688
Low VA Rates, LLC 1 3.13% $5,128
Loan Simple, Inc. 1 3.13% $9,638
LOANLEADERS OF AMERICA, INC. 1 3.75% $11,018
PILGRIM MORTGAGE LLC 1 3.63% $19,987
LHM FINANCIAL CORPORATION 1 3.88% $11,916
LAND HOME FINANCIAL SERVICES, INC. 1 4.00% $14,221
PREMIA MORTGAGE, LLC 1 2.75% $12,120
Premium Mortgage Corporation 1 2.50% $7,050
JPMorgan Chase Bank 1 3.49% $2,030
INTERNATIONAL CITY MORTGAGE, INC. 1 2.88% $14,690
International Bank of Commerce 1 2.75% $10,263
Home Mortgage Alliance Corp 1 3.63% $12,822
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 2.99% $12,502
GERSHMAN INVESTMENT CORP. 1 2.88% $8,557
F & M Bank 1 2.63% $9,027
RELIANCE FIRST CAPITAL, LLC 1 3.00% $6,613
Florida Capital Bank 1 3.25% $8,615
Residential Mortgage Solutions, Inc. 1 2.50% $7,463
First Savings Bank 1 2.75% $11,616
ROYAL UNITED MORTGAGE LLC 1 3.13% $11,118
First Federal Bank 1 2.50% $11,571
Extraco Banks 1 2.75% $10,042
EVERGREEN MONEYSOURCE MORTGAGE COMPANY 1 3.50% $10,595
EUSTIS AND AMERICAN MORTGAGE COMPANY 1 2.88% $13,318
DEVELOPER'S MORTGAGE COMPANY 1 3.25% $11,284
DAS Acquisition Company, LLC 1 3.13% $6,723
Credence Funding Corporation 1 2.63% $4,752
Colten Mortgage, LLC 1 3.25% $7,653
CLEARPATH LENDING 1 3.25% $4,853
Strong Home Mortgage, LLC 1 2.25% $11,333
SUCCESS MORTGAGE PARTNERS, INC. 1 3.50% $10,681
CityWorth Mortgage LLC 1 2.75% $10,128
Sunflower Bank 1 2.49% $9,764
SUN WEST MORTGAGE COMPANY, INC. 1 3.75% $13,398
City Bank 1 2.38% $11,798
Wells Fargo Bank 1 3.38% $13,084
Citizens Bank 1 2.50% $10,381
CHERRY CREEK MORTGAGE, LLC 1 3.13% $8,470
WESTERN EXPRESS LENDING 1 3.25% $8,800
BOKF 1 2.88% $10,889
Town Square Mortgage & Investments, Inc. 1 3.38% $10,458
Trinity Oaks Mortgage, LLC 1 2.88% $8,990
TruHome Solutions, LLC 1 3.50% $9,032
AHL FUNDING 1 3.13% $10,480
BETTER MORTGAGE CORPORATION 1 2.75% $8,270
BBVA USA 1 2.88% $9,041
1ST PREFERENCE MORTGAGE CORP. 1 3.63% $9,784
BAY EQUITY LLC 1 2.50% $8,991
Barrington Bank & Trust Company, N.A. 1 3.28% $14,930
Bank of America 1 2.88% $5,303
1ST FINANCIAL, INC. 1 2.75% $17,864
North American Savings Bank, F.S.B. 1 2.88% $10,148
NATIONWIDE MORTGAGE BANKERS, INC. 1 3.13% $11,313
NATIONS DIRECT MORTGAGE, LLC 1 2.75% $13,418
M&T Bank 1 2.88% $8,355
MICHIGAN MUTUAL, INC. 1 4.25% $14,710
Atlantic Union Bank 1 3.63% $10,501

The top Austin FHA lender as defined by loan originations is DHI MORTGAGE COMPANY, LTD., with 547 FHA loans originated. Their average total fees are $8,690, which is $2,850 higher than the next largest lender, LAKEVIEW LOAN SERVICING, LLC.

The lowest fee Austin FHA lenders (with over 10 loans originated) are VILLAGE CAPITAL MORTGAGE ($2,768), SOUTHWEST STAGE FUNDING, LLC ($4,159), Mr. Cooper ( Nationstar Mortgage ) ($4,885), MID AMERICA MORTGAGE, INC. ($5,573) and Lakeview Community Capital, LLC ($5,615).

The lowest rate Austin FHA lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (2.62%), The Home Loan Expert LLC (2.63%), Flagstar Bank, FSB (2.66%), InterContinental Capital Group, Inc (2.67%) and LEGEND LENDING CORPORATION (2.70%).

Austin FHA Loan Limits

Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
AUSTIN-ROUND ROCK-GEORGETOWN, TX BASTROP 2022 $483,000 $618,300 $747,400 $928,850
AUSTIN-ROUND ROCK-GEORGETOWN, TX CALDWELL 2022 $483,000 $618,300 $747,400 $928,850
AUSTIN-ROUND ROCK-GEORGETOWN, TX HAYS 2022 $483,000 $618,300 $747,400 $928,850
AUSTIN-ROUND ROCK-GEORGETOWN, TX TRAVIS 2022 $483,000 $618,300 $747,400 $928,850
AUSTIN-ROUND ROCK-GEORGETOWN, TX WILLIAMSON 2022 $483,000 $618,300 $747,400 $928,850

Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Austin (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
2018-01-01 $359,920 (-7.5%) $555,064 (-5.1%) 1.33 5,910
2018-02-01 $365,506 (-7.3%) $565,008 (-5.0%) 1.33 5,884
2018-03-01 $372,990 (-5.0%) $572,092 (-4.3%) 1.31 6,335
2018-04-01 $376,220 (-5.7%) $582,210 (-3.9%) 1.28 6,924
2018-05-01 $375,000 (-5.9%) $577,583 (-3.0%) 1.25 7,436
2018-06-01 $374,900 (-4.6%) $568,895 (-3.4%) 1.25 7,940
2018-07-01 $368,793 (-4.2%) $550,681 (-4.7%) 1.23 8,247
2018-08-01 $362,350 (-3.8%) $538,193 (-3.6%) 1.21 8,369
2018-09-01 $359,000 (-3.2%) $535,494 (-4.4%) 1.20 8,364
2018-10-01 $349,995 (-4.1%) $533,472 (-4.0%) 1.18 8,344
2018-11-01 $349,900 (-4.1%) $527,858 (-4.5%) 1.19 7,909
2018-12-01 $348,990 (-3.7%) $514,749 (-7.1%) 1.20 7,092
2019-01-01 $348,628 (-3.1%) $515,487 (-7.1%) 1.20 6,448
2019-02-01 $349,950 (-4.3%) $524,236 (-7.2%) 1.18 6,399
2019-03-01 $358,571 (-3.9%) $543,260 (-5.0%) 1.17 6,676
2019-04-01 $369,995 (-1.7%) $559,464 (-3.9%) 1.17 7,048
2019-05-01 $370,998 (-1.1%) $571,312 (-1.1%) 1.16 7,339
2019-06-01 $369,000 (-1.6%) $566,897 (-0.4%) 1.15 7,745
2019-07-01 $363,995 (-1.3%) $560,664 (1.8%) 1.14 8,020
2019-08-01 $362,155 (-0.1%) $558,651 (3.8%) 1.15 7,933
2019-09-01 $360,886 (0.5%) $558,984 (4.4%) 1.15 7,656
2019-10-01 $359,450 (2.7%) $559,068 (4.8%) 1.16 7,427
2019-11-01 $355,000 (1.5%) $558,727 (5.9%) 1.16 6,907
2019-12-01 $349,995 (0.3%) $551,370 (7.1%) 1.17 6,074
2020-01-01 $350,228 (0.5%) $556,943 (8.0%) 1.17 5,454
2020-02-01 $363,533 (3.9%) $593,704 (13.3%) 1.19 5,119
2020-03-01 $374,995 (4.6%) $607,314 (11.8%) 1.17 5,396
2020-04-01 $369,725 (-0.1%) $569,696 (1.8%) 1.16 6,093
2020-05-01 $379,990 (2.4%) $599,199 (4.9%) 1.16 6,377
2020-06-01 $395,000 (7.1%) $638,629 (12.7%) 1.16 5,680
2020-07-01 $396,276 (8.9%) $632,915 (12.9%) 1.15 5,331
2020-08-01 $399,990 (10.5%) $646,174 (15.7%) 1.15 4,916
2020-09-01 $414,500 (14.9%) $664,651 (18.9%) 1.19 4,193
2020-10-01 $420,000 (16.9%) $681,473 (21.9%) 1.20 3,899
2020-11-01 $422,127 (18.9%) $680,878 (21.9%) 1.23 3,365
2020-12-01 $427,500 (22.1%) $687,413 (24.7%) 1.27 2,713
2021-01-01 $432,916 (23.6%) $711,721 (27.8%) 1.29 1,829
2021-02-01 $447,000 (23.0%) $743,427 (25.2%) 1.30 1,396
2021-03-01 $467,450 (24.7%) $725,564 (19.5%) 1.33 1,557
2021-04-01 $497,450 (34.6%) $745,126 (30.8%) 1.35 1,721
2021-05-01 $499,995 (31.6%) $753,848 (25.8%) 1.32 1,964
2021-06-01 $530,000 (34.2%) $765,647 (19.9%) 1.40 2,386
2021-07-01 $539,000 (36.0%) $758,294 (19.8%) 1.42 3,084
2021-08-01 $543,037 (35.8%) $744,863 (15.3%) 1.45 3,546
2021-09-01 $546,495 (31.8%) $751,463 (13.1%) 1.46 3,804
2021-10-01 $549,900 (30.9%) $759,269 (11.4%) 1.47 3,650
2021-11-01 $549,206 (30.1%) $770,592 (13.2%) 1.47 3,199
2021-12-01 $543,409 (27.1%) $770,826 (12.1%) 1.47 2,487
2022-01-01 $548,000 (26.6%) $806,349 (13.3%) 1.48 1,762
2022-02-01 $576,533 (29.0%) $870,958 (17.2%) 1.50 1,424
2022-03-01 $600,000 (28.4%) $907,703 (25.1%) 1.50 1,603
2022-04-01 $625,000 (25.6%) $937,472 (25.8%) 1.49 2,029
2022-05-01 $628,245 (25.7%) $905,295 (20.1%) 1.44 3,607
2022-06-01 $622,445 (17.4%) $871,703 (13.9%) 1.39 5,618
2022-07-01 $599,000 (11.1%) $853,337 (12.5%) 1.36 7,411
2022-08-01 $575,000 (5.9%) $824,948 (10.8%) 1.33 8,241
2022-09-01 $558,275 (2.2%) $805,069 (7.1%) 1.31 8,506
2022-10-01 $549,900 (0.0%) $799,545 (5.3%) 1.29 8,610
2022-11-01 $530,650 (-3.4%) $784,559 (1.8%) 1.28 8,339
Austin's median listing price for 2022-11-01 was $530,650, a difference of $-18,556 (-3.4%) versus the prior year and $-19,250 versus the prior month.

Austin's median listing price comes in at 128% of the national average.

Austin's average listing price for 2022-11-01 was $784,559, a difference of $13,967 (1.8%) versus the prior year and $-14,986 versus the prior month.

For the 2022-11-01 period, Austin had 8,339 MLS listings, a difference of -271 listings (-3%) versus the prior month and 5,140 listings (161%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Austin (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 75 days 2,253 sqft
2018-02-01 63 days 2,278 sqft
2018-03-01 45 days 2,306 sqft
2018-04-01 43 days 2,327 sqft
2018-05-01 43 days 2,313 sqft
2018-06-01 48 days 2,298 sqft
2018-07-01 51 days 2,274 sqft
2018-08-01 54 days 2,236 sqft
2018-09-01 58 days 2,213 sqft
2018-10-01 61 days 2,181 sqft
2018-11-01 65 days 2,173 sqft
2018-12-01 72 days 2,164 sqft
2019-01-01 79 days 2,144 sqft
2019-02-01 66 days 2,161 sqft
2019-03-01 51 days 2,198 sqft
2019-04-01 45 days 2,222 sqft
2019-05-01 45 days 2,219 sqft
2019-06-01 46 days 2,209 sqft
2019-07-01 50 days 2,198 sqft
2019-08-01 52 days 2,180 sqft
2019-09-01 56 days 2,168 sqft
2019-10-01 59 days 2,158 sqft
2019-11-01 63 days 2,150 sqft
2019-12-01 69 days 2,140 sqft
2020-01-01 72 days 2,145 sqft
2020-02-01 61 days 2,150 sqft
2020-03-01 45 days 2,154 sqft
2020-04-01 45 days 2,124 sqft
2020-05-01 53 days 2,150 sqft
2020-06-01 55 days 2,158 sqft
2020-07-01 49 days 2,116 sqft
2020-08-01 45 days 2,089 sqft
2020-09-01 50 days 2,068 sqft
2020-10-01 46 days 2,018 sqft
2020-11-01 47 days 1,968 sqft
2020-12-01 54 days 1,954 sqft
2021-01-01 56 days 1,939 sqft
2021-02-01 36 days 1,941 sqft
2021-03-01 28 days 2,028 sqft
2021-04-01 21 days 2,060 sqft
2021-05-01 22 days 2,069 sqft
2021-06-01 15 days 2,056 sqft
2021-07-01 17 days 2,088 sqft
2021-08-01 23 days 2,100 sqft
2021-09-01 28 days 2,102 sqft
2021-10-01 31 days 2,094 sqft
2021-11-01 38 days 2,103 sqft
2021-12-01 46 days 2,094 sqft
2022-01-01 47 days 2,088 sqft
2022-02-01 21 days 2,068 sqft
2022-03-01 15 days 2,072 sqft
2022-04-01 15 days 2,117 sqft
2022-05-01 16 days 2,120 sqft
2022-06-01 21 days 2,146 sqft
2022-07-01 30 days 2,101 sqft
2022-08-01 40 days 2,100 sqft
2022-09-01 51 days 2,083 sqft
2022-10-01 57 days 2,070 sqft
2022-11-01 61 days 2,050 sqft
Austin's median listing age (time on market) for 2022-11-01 was 61 days. This is 61% longer than the same period one year ago.

Austin's median square footage for active listings during the 2022-11-01 period was 2,050 sqft. One year prior, the average listing was 2,103 sqft.

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).