Austin FHA Loans

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 5.45% for the week of 2022-05-13, compared to the national average (all FHA variants) of 5.361% for the same period.

The average rate for the prior week (2022-05-06) was 5.08% and one month ago for the week of 2022-04-08, the average rate was 4.65%.

The average rate one year ago was 3.06%.

For refis of the same type during the week of 2022-05-13, the average rate was 5.24%.

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 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. Total Fees
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 & INVESTMENT LLC 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
HOMEBRIDGE FINANCIAL SERVICES, INC. 31 2.74% $6,016
INTERLINC MORTGAGE SERVICES, LLC 31 3.30% $9,933
M/I FINANCIAL, LLC 30 2.80% $11,640
Carrington Mortgage Services, LLC 30 3.42% $9,197
HOME POINT FINANCIAL CORPORATION 29 2.76% $10,212
Republic State Mortgage Co. 29 3.11% $10,907
CROSSCOUNTRY MORTGAGE, LLC 28 3.22% $12,493
Gateway First Bank 26 3.28% $9,666
WILLOW BEND MORTGAGE COMPANY, LLC 26 3.02% $11,372
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
Waterstone Mortgage Corporation 18 3.40% $10,232
InterContinental Capital Group, Inc 18 2.67% $8,513
FIRST CENTENNIAL MORTGAGE CORPORATION 17 3.17% $9,098
Austin Capital Bank SSB 17 3.18% $10,859
Paramount Residential Mortgage Group, Inc. 16 3.43% $9,624
HOMESIDE FINANCIAL, LLC 16 3.18% $9,298
Equity Prime Mortgage LLC 16 3.35% $10,891
The Home Loan Expert LLC 16 2.63% $9,979
CANOPY MORTGAGE, LLC 15 2.96% $11,029
First Guaranty Mortgage Corporation 14 2.83% $7,668
LEGEND LENDING CORPORATION 13 2.70% $7,027
Flagstar Bank, FSB 13 2.66% $9,168
SWBC MORTGAGE CORPORATION 12 3.08% $8,843
SUMMIT FUNDING, INC. 11 3.38% $11,289
Assurance Financial Group, L.L.C. 11 3.03% $11,365
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 11 3.60% $11,382
FIRST CONTINENTAL MORTGAGE, LTD. 10 3.23% $9,288
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
PRIORITY HOME MORTGAGE, L.P. 9 3.54% $8,921
EVERETT FINANCIAL, INC. 9 3.64% $8,741
CELEBRITY HOME LOANS, LLC 9 2.97% $10,452
AMERICAN FINANCIAL NETWORK, INC. 9 3.22% $12,087
KELLER MORTGAGE, LLC 8 2.69% $10,928
ASPIRE FINANCIAL, INC. 8 2.47% $9,978
Northpointe Bank 8 3.34% $9,485
COUNTRYPLACE MORTGAGE, LTD. 8 3.17% $19,400
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
OCEANSIDE MORTGAGE COMPANY 7 2.71% $4,110
AMERICAN FINANCIAL RESOURCES, INC. 7 4.05% $10,576
AMERISAVE MORTGAGE CORPORATION 7 2.96% $7,917
ANGEL OAK HOME LOANS LLC 7 2.89% $10,825
FINANCE OF AMERICA MORTGAGE LLC 7 2.73% $10,753
MUTUAL OF OMAHA MORTGAGE, INC. 7 2.95% $10,347
Commerce Home Mortgage, Inc. 6 3.06% $11,073
First United Bank and Trust Company 6 2.96% $9,690
FC LENDING, LTD. 6 3.23% $10,781
Amerifirst Financial, Inc. 6 3.40% $9,615
TJC Mortgage, Inc. 6 3.27% $10,796
JET HOMELOANS, LLC 6 3.38% $13,186
Mortgage Research Center, LLC 6 3.04% $9,255
SENTE MORTGAGE, INC. 6 3.19% $12,857
ROUNDPOINT MORTGAGE SERVICING CORPORATION 5 3.18% $8,324
S1L, Inc. 5 3.28% $12,001
Stride Bank 5 3.50% $11,021
BancorpSouth Bank 5 2.83% $9,897
Goldwater Bank, N.A. 5 3.33% $9,994
GUARANTEED RATE AFFINITY, LLC 5 2.88% $10,952
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 5 3.83% $10,987
HOMEOWNERS FINANCIAL GROUP USA, LLC 5 2.95% $9,626
LOANPAL, LLC 5 2.35% $10,793
CERTAINTY HOME LOANS, LLC 5 3.27% $8,841
NTFN, INC. 5 3.13% $7,633
CHURCHILL MORTGAGE CORPORATION 4 2.59% $10,575
GENEVA FINANCIAL, LLC 4 3.28% $13,473
V.I.P. MORTGAGE, INC. 4 3.44% $8,650
Paramount Bank 4 2.44% $10,028
RANLIFE, INC. 4 3.12% $8,887
HOMETRUST MORTGAGE COMPANY 4 3.00% $10,453
Hometown Lenders, Inc. 4 3.22% $11,552
GREAT WESTERN FINANCIAL SERVICES, INC. 4 3.00% $10,207
ACADEMY MORTGAGE CORPORATION 4 2.63% $11,303
MORTGAGE SOLUTIONS OF COLORADO, LLC 4 3.31% $9,926
AMERICAN PACIFIC MORTGAGE CORPORATION 4 2.84% $9,742
First National Bank Texas 3 2.71% $9,571
First Bank 3 3.38% $11,560
Wyndham Capital Mortgage, Inc. 3 2.63% $8,759
DATA MORTGAGE, INC. 3 4.21% $8,198
OPEN MORTGAGE, LLC 3 2.75% $11,105
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
PANORAMA MORTGAGE GROUP, LLC 2 3.25% $13,095
HOMESPIRE MORTGAGE CORPORATION 2 3.13% $9,885
Hometown Equity Mortgage, LLC 2 4.50% $13,098
HANCOCK MORTGAGE PARTNERS, LLC 2 3.38% $16,466
AMERICAN FINANCING CORPORATION 2 3.06% $9,542
BAYSHORE MORTGAGE FUNDING, LLC 2 3.25% $7,407
FLAT BRANCH MORTGAGE, INC. 2 3.13% $11,663
First Home Bank 2 3.06% $13,527
FBC MORTGAGE, LLC 2 3.00% $9,677
ENVOY MORTGAGE, LTD 2 3.00% $10,762
ENDEAVOR CAPITAL, LLC. 2 3.06% $2,954
DIRECTIONS EQUITY, LLC 2 3.69% $7,721
MORIA DEVELOPMENT, INC. 2 3.31% $9,926
ZILLOW HOME LOANS, LLC 2 2.31% $9,510
Wallick & Volk, Inc. 2 3.25% $12,688
UNIVERSITY LENDING GROUP, LLC 2 3.19% $10,434
Nations Lending Corporation 2 3.94% $8,208
UNION HOME MORTGAGE CORP. 2 3.19% $9,582
TIAA, FSB 2 2.75% $6,652
T2 FINANCIAL LLC 2 3.13% $12,379
CONTOUR MORTGAGE CORPORATION 2 2.63% $11,547
MICHIGAN MUTUAL, INC. 1 4.25% $14,710
1ST PREFERENCE MORTGAGE CORP. 1 3.63% $9,784
AHL FUNDING 1 3.13% $10,480
Atlantic Union Bank 1 3.63% $10,501
Bank of America 1 2.88% $5,303
Barrington Bank & Trust Company, N.A. 1 3.28% $14,930
BAY EQUITY LLC 1 2.50% $8,991
BBVA USA 1 2.88% $9,041
BETTER MORTGAGE CORPORATION 1 2.75% $8,270
BOKF 1 2.88% $10,889
CHERRY CREEK MORTGAGE, LLC 1 3.13% $8,470
Citizens Bank 1 2.50% $10,381
City Bank 1 2.38% $11,798
CityWorth Mortgage LLC 1 2.75% $10,128
CLEARPATH LENDING 1 3.25% $4,853
Colten Mortgage, LLC 1 3.25% $7,653
Credence Funding Corporation 1 2.63% $4,752
DAS Acquisition Company, LLC 1 3.13% $6,723
DEVELOPER'S MORTGAGE COMPANY 1 3.25% $11,284
EUSTIS AND AMERICAN MORTGAGE COMPANY 1 2.88% $13,318
EVERGREEN MONEYSOURCE MORTGAGE COMPANY 1 3.50% $10,595
Extraco Banks 1 2.75% $10,042
First Federal Bank 1 2.50% $11,571
First Savings Bank 1 2.75% $11,616
Florida Capital Bank 1 3.25% $8,615
F & M Bank 1 2.63% $9,027
GERSHMAN INVESTMENT CORP. 1 2.88% $8,557
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 2.99% $12,502
Home Mortgage Alliance Corp 1 3.63% $12,822
International Bank of Commerce 1 2.75% $10,263
INTERNATIONAL CITY MORTGAGE, INC. 1 2.88% $14,690
JPMorgan Chase Bank 1 3.49% $2,030
LAND HOME FINANCIAL SERVICES, INC. 1 4.00% $14,221
LHM FINANCIAL CORPORATION 1 3.88% $11,916
LOANLEADERS OF AMERICA, INC. 1 3.75% $11,018
Loan Simple, Inc. 1 3.13% $9,638
Low VA Rates, LLC 1 3.13% $5,128
Manufacturers and Traders Trust Company 1 2.88% $8,355
1ST FINANCIAL, INC. 1 2.75% $17,864
NATIONS DIRECT MORTGAGE, LLC 1 2.75% $13,418
NATIONWIDE MORTGAGE BANKERS, INC. 1 3.13% $11,313
North American Savings Bank, F.S.B. 1 2.88% $10,148
PILGRIM MORTGAGE LLC 1 3.63% $19,987
PREMIA MORTGAGE, LLC 1 2.75% $12,120
Premium Mortgage Corporation 1 2.50% $7,050
RELIANCE FIRST CAPITAL, LLC 1 3.00% $6,613
Residential Mortgage Solutions, Inc. 1 2.50% $7,463
ROYAL UNITED MORTGAGE LLC 1 3.13% $11,118
Strong Home Mortgage, LLC 1 2.25% $11,333
SUCCESS MORTGAGE PARTNERS, INC. 1 3.50% $10,681
Sunflower Bank 1 2.49% $9,764
SUN WEST MORTGAGE COMPANY, INC. 1 3.75% $13,398
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
Wells Fargo Bank 1 3.38% $13,084
WESTERN EXPRESS LENDING 1 3.25% $8,800

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 & INVESTMENT LLC ($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 $359,091 (-7.7%) $560,270 (-5.5%) 1.32 6,221
2018-02-01 $364,273 (-7.6%) $567,083 (-5.4%) 1.31 6,224
2018-03-01 $369,933 (-5.8%) $577,756 (-3.6%) 1.28 6,723
2018-04-01 $375,000 (-6.0%) $590,522 (-2.6%) 1.26 7,345
2018-05-01 $375,000 (-6.0%) $584,956 (-2.0%) 1.25 7,877
2018-06-01 $375,000 (-4.5%) $576,839 (-2.2%) 1.25 8,412
2018-07-01 $369,679 (-4.0%) $558,113 (-3.5%) 1.23 8,780
2018-08-01 $362,662 (-3.3%) $542,099 (-3.0%) 1.21 8,926
2018-09-01 $359,900 (-2.7%) $541,896 (-3.3%) 1.20 8,959
2018-10-01 $349,945 (-4.1%) $532,576 (-4.5%) 1.17 8,965
2018-11-01 $349,900 (-4.1%) $527,648 (-4.9%) 1.17 8,477
2018-12-01 $348,155 (-3.7%) $513,532 (-7.7%) 1.19 7,601
2019-01-01 $346,500 (-3.5%) $513,494 (-8.4%) 1.19 6,897
2019-02-01 $349,750 (-4.0%) $521,095 (-8.1%) 1.17 6,846
2019-03-01 $358,567 (-3.1%) $539,224 (-6.7%) 1.17 7,075
2019-04-01 $369,945 (-1.4%) $556,975 (-5.7%) 1.16 7,437
2019-05-01 $370,620 (-1.2%) $568,952 (-2.7%) 1.14 7,728
2019-06-01 $369,000 (-1.6%) $564,738 (-2.1%) 1.14 8,203
2019-07-01 $364,370 (-1.4%) $558,382 (0.1%) 1.13 8,483
2019-08-01 $360,009 (-0.7%) $553,337 (2.1%) 1.13 8,363
2019-09-01 $354,495 (-1.5%) $545,191 (0.6%) 1.13 8,071
2019-10-01 $355,745 (1.7%) $553,295 (3.9%) 1.13 7,870
2019-11-01 $354,990 (1.5%) $558,622 (5.9%) 1.15 7,334
2019-12-01 $349,950 (0.5%) $552,648 (7.6%) 1.17 6,489
2020-01-01 $349,950 (1.0%) $558,478 (8.8%) 1.17 5,856
2020-02-01 $359,900 (2.9%) $587,977 (12.8%) 1.16 5,453
2020-03-01 $372,500 (3.9%) $607,212 (12.6%) 1.16 5,719
2020-04-01 $369,250 (-0.2%) $569,837 (2.3%) 1.15 6,483
2020-05-01 $379,000 (2.3%) $601,261 (5.7%) 1.15 6,710
2020-06-01 $395,000 (7.1%) $651,263 (15.3%) 1.15 5,971
2020-07-01 $395,000 (8.4%) $648,954 (16.2%) 1.13 5,608
2020-08-01 $400,446 (11.2%) $659,728 (19.2%) 1.14 5,122
2020-09-01 $417,495 (17.8%) $681,843 (25.1%) 1.19 4,381
2020-10-01 $415,000 (16.7%) $679,962 (22.9%) 1.19 4,119
2020-11-01 $417,350 (17.6%) $680,980 (21.9%) 1.20 3,537
2020-12-01 $422,000 (20.6%) $689,209 (24.7%) 1.24 2,869
2021-01-01 $425,000 (21.5%) $717,682 (28.5%) 1.25 1,911
2021-02-01 $437,500 (21.6%) $750,325 (27.6%) 1.26 1,440
2021-03-01 $461,450 (23.9%) $724,055 (19.2%) 1.29 1,593
2021-04-01 $489,950 (32.7%) $745,884 (30.9%) 1.32 1,771
2021-05-01 $499,000 (31.7%) $751,429 (25.0%) 1.31 2,030
2021-06-01 $522,500 (32.3%) $771,075 (18.4%) 1.36 2,415
2021-07-01 $537,450 (36.1%) $765,996 (18.0%) 1.40 3,063
2021-08-01 $542,500 (35.5%) $749,475 (13.6%) 1.43 3,670
2021-09-01 $542,500 (29.9%) $749,748 (10.0%) 1.43 3,926
2021-10-01 $549,900 (32.5%) $763,037 (12.2%) 1.45 3,788
2021-11-01 $549,700 (31.7%) $777,615 (14.2%) 1.45 3,292
2021-12-01 $543,573 (28.8%) $777,516 (12.8%) 1.45 2,571
2022-01-01 $545,000 (28.2%) $812,718 (13.2%) 1.45 1,847
2022-02-01 $575,000 (31.4%) $877,634 (17.0%) 1.47 1,461
2022-03-01 $600,000 (30.0%) $921,803 (27.3%) 1.48 1,639
2022-04-01 $625,000 (27.6%) $944,648 (26.7%) 1.47 2,082
Austin's median listing price for 2022-04-01 was $625,000, a difference of $135,050 (27.6%) versus the prior year and $25,000 versus the prior month.

Austin's median listing price comes in at 147% of the national average.

Austin's average listing price for 2022-04-01 was $944,648, a difference of $198,764 (26.7%) versus the prior year and $22,845 versus the prior month.

For the 2022-04-01 period, Austin had 2,082 MLS listings, a difference of 443 listings (27%) versus the prior month and 311 listings (18%) 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 2,255 sqft
2018-02-01 63 days 2,276 sqft
2018-03-01 45 days 2,301 sqft
2018-04-01 43 days 2,329 sqft
2018-05-01 44 days 2,318 sqft
2018-06-01 46 days 2,315 sqft
2018-07-01 50 days 2,286 sqft
2018-08-01 51 days 2,244 sqft
2018-09-01 57 days 2,224 sqft
2018-10-01 61 days 2,182 sqft
2018-11-01 64 days 2,177 sqft
2018-12-01 71 days 2,172 sqft
2019-01-01 79 days 2,155 sqft
2019-02-01 65 days 2,166 sqft
2019-03-01 51 days 2,204 sqft
2019-04-01 47 days 2,229 sqft
2019-05-01 46 days 2,229 sqft
2019-06-01 47 days 2,223 sqft
2019-07-01 50 days 2,208 sqft
2019-08-01 53 days 2,178 sqft
2019-09-01 58 days 2,150 sqft
2019-10-01 59 days 2,160 sqft
2019-11-01 61 days 2,157 sqft
2019-12-01 66 days 2,148 sqft
2020-01-01 71 days 2,150 sqft
2020-02-01 60 days 2,150 sqft
2020-03-01 44 days 2,163 sqft
2020-04-01 42 days 2,137 sqft
2020-05-01 51 days 2,151 sqft
2020-06-01 49 days 2,162 sqft
2020-07-01 44 days 2,122 sqft
2020-08-01 42 days 2,098 sqft
2020-09-01 45 days 2,064 sqft
2020-10-01 46 days 2,020 sqft
2020-11-01 49 days 1,973 sqft
2020-12-01 56 days 1,953 sqft
2021-01-01 58 days 1,949 sqft
2021-02-01 42 days 1,945 sqft
2021-03-01 34 days 2,036 sqft
2021-04-01 27 days 2,054 sqft
2021-05-01 26 days 2,080 sqft
2021-06-01 16 days 2,060 sqft
2021-07-01 19 days 2,085 sqft
2021-08-01 23 days 2,101 sqft
2021-09-01 28 days 2,099 sqft
2021-10-01 32 days 2,096 sqft
2021-11-01 37 days 2,114 sqft
2021-12-01 42 days 2,100 sqft
2022-01-01 46 days 2,077 sqft
2022-02-01 26 days 2,071 sqft
2022-03-01 17 days 2,076 sqft
2022-04-01 15 days 2,117 sqft
Austin's median listing age (time on market) for 2022-04-01 was 15 days. This is -43% shorter than the same period one year ago.

Austin's median square footage for active listings during the 2022-04-01 period was 2,117 sqft. One year prior, the average listing was 2,054 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).