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 205 lenders originated 4,061 FHA loans during 2022. The total origination value was $1,488,735,000, with an average FHA loan value of $366,593.
Austin FHA Loans, 30 Year Fixed Rates
30 Year FHA mortgages in Austin
averaged
6.2%
for the week of 2023-12-08, compared to the national average (all FHA variants) of
6.819% for the same period.
Austin's average FHA mortgage closing costs are $9,443.
The average rate for the prior week (2023-12-01) was
6.51% and
one month ago for the week of 2023-11-03, the
average rate was 6.64%.
The average rate one year ago was 5.62%.
For refis of the same type during the week of 2023-12-08, the average rate
was 5.28%.
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.
The top Austin FHA lender as defined by loan originations is DHI MORTGAGE COMPANY, LTD., with
510 FHA loans originated. Their average total fees are
$11,588, which is $529
lower than the next largest lender,
EAGLE HOME MORTGAGE, LLC.
The lowest fee Austin FHA lenders (with over 10 loans originated) are
Lakeview Community Capital, LLC ($5,481), LAKEVIEW LOAN SERVICING, LLC ($6,556), PENNYMAC LOAN SERVICES, LLC ($7,160), Mr. Cooper ( Nationstar Mortgage ) ($7,493) and SOUTHWEST STAGE FUNDING, LLC ($7,806).
The lowest rate Austin FHA lenders (with over 10 loans originated) are
LAKEVIEW LOAN SERVICING, LLC (3.12%), PENNYMAC LOAN SERVICES, LLC (3.39%), Lakeview Community Capital, LLC (3.45%), Mr. Cooper ( Nationstar Mortgage ) (3.88%) and SOUTHWEST STAGE FUNDING, LLC (4.08%).
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 |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX | BASTROP | 2023 | $571,550 | $731,700 | $884,450 | $1,099,150 |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX | CALDWELL | 2023 | $571,550 | $731,700 | $884,450 | $1,099,150 |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX | HAYS | 2023 | $571,550 | $731,700 | $884,450 | $1,099,150 |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX | TRAVIS | 2023 | $571,550 | $731,700 | $884,450 | $1,099,150 |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX | WILLIAMSON | 2023 | $571,550 | $731,700 | $884,450 | $1,099,150 |
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 | $359,928 (-7.5%) | $555,055 (-5.1%) | 1.33 | 5,910 |
| 2018-02-01 | $365,506 (-7.3%) | $564,977 (-5.0%) | 1.33 | 5,884 |
| 2018-03-01 | $372,990 (-5.0%) | $572,111 (-4.3%) | 1.31 | 6,335 |
| 2018-04-01 | $376,552 (-5.6%) | $582,167 (-3.9%) | 1.28 | 6,924 |
| 2018-05-01 | $375,000 (-5.9%) | $577,542 (-3.1%) | 1.25 | 7,436 |
| 2018-06-01 | $374,900 (-4.6%) | $569,902 (-3.2%) | 1.25 | 7,940 |
| 2018-07-01 | $368,836 (-4.2%) | $550,677 (-4.7%) | 1.23 | 8,247 |
| 2018-08-01 | $362,450 (-3.7%) | $538,397 (-3.6%) | 1.21 | 8,369 |
| 2018-09-01 | $359,000 (-3.2%) | $535,475 (-4.4%) | 1.21 | 8,364 |
| 2018-10-01 | $349,995 (-4.1%) | $533,474 (-4.0%) | 1.19 | 8,344 |
| 2018-11-01 | $349,900 (-4.1%) | $528,607 (-4.4%) | 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%) | $543,261 (-5.0%) | 1.17 | 6,674 |
| 2019-04-01 | $369,995 (-1.7%) | $559,377 (-3.9%) | 1.17 | 7,042 |
| 2019-05-01 | $371,056 (-1.1%) | $571,410 (-1.1%) | 1.16 | 7,329 |
| 2019-06-01 | $369,000 (-1.6%) | $566,955 (-0.5%) | 1.15 | 7,732 |
| 2019-07-01 | $364,132 (-1.3%) | $560,991 (1.9%) | 1.14 | 8,005 |
| 2019-08-01 | $362,347 (0.0%) | $558,828 (3.8%) | 1.15 | 7,918 |
| 2019-09-01 | $360,971 (0.6%) | $559,170 (4.4%) | 1.16 | 7,642 |
| 2019-10-01 | $359,450 (2.7%) | $559,298 (4.8%) | 1.16 | 7,413 |
| 2019-11-01 | $355,000 (1.5%) | $558,990 (5.8%) | 1.16 | 6,891 |
| 2019-12-01 | $349,998 (0.3%) | $551,680 (7.2%) | 1.17 | 6,059 |
| 2020-01-01 | $350,522 (0.5%) | $557,226 (8.1%) | 1.17 | 5,438 |
| 2020-02-01 | $363,900 (4.0%) | $594,134 (13.3%) | 1.19 | 5,102 |
| 2020-03-01 | $374,998 (4.6%) | $607,808 (11.9%) | 1.18 | 5,379 |
| 2020-04-01 | $369,745 (-0.1%) | $570,066 (1.9%) | 1.16 | 6,075 |
| 2020-05-01 | $379,999 (2.4%) | $599,651 (4.9%) | 1.16 | 6,360 |
| 2020-06-01 | $395,000 (7.1%) | $639,260 (12.8%) | 1.16 | 5,664 |
| 2020-07-01 | $396,448 (8.9%) | $633,425 (12.9%) | 1.15 | 5,314 |
| 2020-08-01 | $399,999 (10.4%) | $646,888 (15.8%) | 1.15 | 4,898 |
| 2020-09-01 | $415,495 (15.1%) | $665,446 (19.0%) | 1.19 | 4,175 |
| 2020-10-01 | $420,000 (16.9%) | $682,466 (22.0%) | 1.20 | 3,881 |
| 2020-11-01 | $422,250 (18.9%) | $681,930 (22.0%) | 1.23 | 3,347 |
| 2020-12-01 | $427,740 (22.2%) | $688,718 (24.8%) | 1.27 | 2,695 |
| 2021-01-01 | $434,700 (24.0%) | $713,471 (28.0%) | 1.30 | 1,811 |
| 2021-02-01 | $448,995 (23.4%) | $745,851 (25.5%) | 1.31 | 1,378 |
| 2021-03-01 | $467,495 (24.7%) | $727,700 (19.7%) | 1.33 | 1,539 |
| 2021-04-01 | $497,500 (34.6%) | $747,283 (31.1%) | 1.35 | 1,703 |
| 2021-05-01 | $500,000 (31.6%) | $755,795 (26.0%) | 1.33 | 1,946 |
| 2021-06-01 | $530,000 (34.2%) | $766,975 (20.0%) | 1.40 | 2,370 |
| 2021-07-01 | $540,000 (36.2%) | $760,165 (20.0%) | 1.42 | 3,072 |
| 2021-08-01 | $545,809 (36.5%) | $747,261 (15.5%) | 1.46 | 3,538 |
| 2021-09-01 | $546,950 (31.6%) | $753,011 (13.2%) | 1.46 | 3,792 |
| 2021-10-01 | $549,900 (30.9%) | $760,288 (11.4%) | 1.47 | 3,634 |
| 2021-11-01 | $549,450 (30.1%) | $772,012 (13.2%) | 1.47 | 3,180 |
| 2021-12-01 | $544,500 (27.3%) | $772,331 (12.1%) | 1.48 | 2,468 |
| 2022-01-01 | $549,000 (26.3%) | $807,441 (13.2%) | 1.48 | 1,743 |
| 2022-02-01 | $577,500 (28.6%) | $873,820 (17.2%) | 1.50 | 1,405 |
| 2022-03-01 | $600,000 (28.3%) | $910,893 (25.2%) | 1.50 | 1,584 |
| 2022-04-01 | $625,000 (25.6%) | $937,589 (25.5%) | 1.49 | 2,010 |
| 2022-05-01 | $629,542 (25.9%) | $904,774 (19.7%) | 1.44 | 3,587 |
| 2022-06-01 | $622,445 (17.4%) | $871,884 (13.7%) | 1.39 | 5,600 |
| 2022-07-01 | $599,890 (11.1%) | $851,360 (12.0%) | 1.35 | 7,393 |
| 2022-08-01 | $575,125 (5.4%) | $824,629 (10.4%) | 1.33 | 8,224 |
| 2022-09-01 | $559,286 (2.3%) | $803,629 (6.7%) | 1.31 | 8,489 |
| 2022-10-01 | $549,900 (0.0%) | $798,465 (5.0%) | 1.29 | 8,593 |
| 2022-11-01 | $531,428 (-3.3%) | $783,801 (1.5%) | 1.28 | 8,321 |
| 2022-12-01 | $525,000 (-3.6%) | $776,743 (0.6%) | 1.30 | 7,080 |
| 2023-01-01 | $522,197 (-4.9%) | $774,700 (-4.1%) | 1.29 | 6,304 |
| 2023-02-01 | $530,998 (-8.1%) | $810,729 (-7.2%) | 1.28 | 6,115 |
| 2023-03-01 | $549,945 (-8.3%) | $837,303 (-8.1%) | 1.30 | 6,530 |
| 2023-04-01 | $569,000 (-9.0%) | $862,834 (-8.0%) | 1.32 | 7,199 |
| 2023-05-01 | $583,751 (-7.3%) | $881,723 (-2.6%) | 1.32 | 7,622 |
| 2023-06-01 | $580,000 (-6.8%) | $881,099 (1.1%) | 1.30 | 8,279 |
| 2023-07-01 | $575,000 (-4.2%) | $866,477 (1.8%) | 1.31 | 8,522 |
| 2023-08-01 | $568,237 (-1.2%) | $853,114 (3.5%) | 1.30 | 8,611 |
| 2023-09-01 | $555,900 (-0.6%) | $852,553 (6.1%) | 1.29 | 8,719 |
| 2023-10-01 | $549,900 (0.0%) | $844,200 (5.7%) | 1.29 | 8,755 |
| 2023-11-01 | $549,495 (3.4%) | $831,522 (6.1%) | 1.31 | 8,493 |
Austin's median listing price comes in at 131% of the national average.
Austin's average listing price for 2023-11-01 was $831,522, a difference of $47,721 (6.1%) versus the prior year and $-12,678 versus the prior month.
For the 2023-11-01 period, Austin had 8,493 MLS listings, a difference of -262 listings (-3%) versus the prior month and 172 listings (2%) 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 | 72 days | 2,253 sqft |
| 2018-02-01 | 60 days | 2,278 sqft |
| 2018-03-01 | 44 days | 2,306 sqft |
| 2018-04-01 | 41 days | 2,327 sqft |
| 2018-05-01 | 42 days | 2,313 sqft |
| 2018-06-01 | 46 days | 2,298 sqft |
| 2018-07-01 | 50 days | 2,274 sqft |
| 2018-08-01 | 52 days | 2,236 sqft |
| 2018-09-01 | 57 days | 2,213 sqft |
| 2018-10-01 | 60 days | 2,181 sqft |
| 2018-11-01 | 63 days | 2,173 sqft |
| 2018-12-01 | 70 days | 2,164 sqft |
| 2019-01-01 | 76 days | 2,144 sqft |
| 2019-02-01 | 62 days | 2,161 sqft |
| 2019-03-01 | 48 days | 2,198 sqft |
| 2019-04-01 | 44 days | 2,222 sqft |
| 2019-05-01 | 44 days | 2,219 sqft |
| 2019-06-01 | 44 days | 2,210 sqft |
| 2019-07-01 | 48 days | 2,199 sqft |
| 2019-08-01 | 50 days | 2,180 sqft |
| 2019-09-01 | 54 days | 2,168 sqft |
| 2019-10-01 | 57 days | 2,158 sqft |
| 2019-11-01 | 60 days | 2,150 sqft |
| 2019-12-01 | 67 days | 2,140 sqft |
| 2020-01-01 | 69 days | 2,145 sqft |
| 2020-02-01 | 59 days | 2,150 sqft |
| 2020-03-01 | 43 days | 2,154 sqft |
| 2020-04-01 | 43 days | 2,124 sqft |
| 2020-05-01 | 51 days | 2,150 sqft |
| 2020-06-01 | 52 days | 2,158 sqft |
| 2020-07-01 | 47 days | 2,116 sqft |
| 2020-08-01 | 44 days | 2,090 sqft |
| 2020-09-01 | 49 days | 2,067 sqft |
| 2020-10-01 | 45 days | 2,018 sqft |
| 2020-11-01 | 45 days | 1,968 sqft |
| 2020-12-01 | 52 days | 1,954 sqft |
| 2021-01-01 | 53 days | 1,938 sqft |
| 2021-02-01 | 35 days | 1,939 sqft |
| 2021-03-01 | 26 days | 2,027 sqft |
| 2021-04-01 | 20 days | 2,059 sqft |
| 2021-05-01 | 22 days | 2,069 sqft |
| 2021-06-01 | 14 days | 2,055 sqft |
| 2021-07-01 | 17 days | 2,088 sqft |
| 2021-08-01 | 23 days | 2,101 sqft |
| 2021-09-01 | 28 days | 2,102 sqft |
| 2021-10-01 | 31 days | 2,091 sqft |
| 2021-11-01 | 37 days | 2,103 sqft |
| 2021-12-01 | 46 days | 2,093 sqft |
| 2022-01-01 | 46 days | 2,088 sqft |
| 2022-02-01 | 20 days | 2,066 sqft |
| 2022-03-01 | 15 days | 2,073 sqft |
| 2022-04-01 | 14 days | 2,111 sqft |
| 2022-05-01 | 16 days | 2,125 sqft |
| 2022-06-01 | 21 days | 2,150 sqft |
| 2022-07-01 | 30 days | 2,110 sqft |
| 2022-08-01 | 40 days | 2,101 sqft |
| 2022-09-01 | 51 days | 2,085 sqft |
| 2022-10-01 | 56 days | 2,070 sqft |
| 2022-11-01 | 60 days | 2,051 sqft |
| 2022-12-01 | 72 days | 2,048 sqft |
| 2023-01-01 | 79 days | 2,045 sqft |
| 2023-02-01 | 70 days | 2,073 sqft |
| 2023-03-01 | 51 days | 2,093 sqft |
| 2023-04-01 | 44 days | 2,122 sqft |
| 2023-05-01 | 44 days | 2,134 sqft |
| 2023-06-01 | 45 days | 2,138 sqft |
| 2023-07-01 | 50 days | 2,134 sqft |
| 2023-08-01 | 55 days | 2,125 sqft |
| 2023-09-01 | 58 days | 2,117 sqft |
| 2023-10-01 | 60 days | 2,095 sqft |
| 2023-11-01 | 65 days | 2,099 sqft |
Austin's median square footage for active listings during the 2023-11-01 period was 2,099 sqft. One year prior, the average listing was 2,051 sqft.