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 206 lenders originated 6,004 FHA loans during 2023. The total origination value was $2,219,440,000, with an average FHA loan value of $369,660.
Austin FHA Loans, 30 Year Fixed Rates
30 Year FHA mortgages in Austin
averaged
-0.55%
for the week of 2024-11-15, compared to the national average (all FHA variants) of
0% for the same period.
Austin's average FHA mortgage closing costs are $10,272.
The average rate for the prior week (2024-11-08) was
6.06% and
one month ago for the week of 2024-10-11, the
average rate was 5.76%.
The average rate one year ago was 6.71%.
For refis of the same type during the week of 2024-11-15, the average rate
was -0.05%.
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
733 FHA loans originated. Their average total fees are
$11,041, which is $290
higher than the next largest lender,
EAGLE HOME MORTGAGE, LLC.
The lowest fee Austin FHA lenders (with over 10 loans originated) are
HOMEAMERICAN MORTGAGE CORPORATION ($6,969), INTERLINC MORTGAGE SERVICES, LLC ($8,439), JPMorgan Chase Bank ($9,712), PULTE MORTGAGE LLC ($9,964) and EAGLE HOME MORTGAGE, LLC ($10,750).
The lowest rate Austin FHA lenders (with over 10 loans originated) are
EAGLE HOME MORTGAGE, LLC (5.25%), DHI MORTGAGE COMPANY, LTD. (5.30%), INSPIRE HOME LOANS INC. (5.46%), HOMEAMERICAN MORTGAGE CORPORATION (5.51%) and PRIORITY HOME MORTGAGE, L.P. (5.55%).
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 | $359,939 (-7.5%) | $555,044 (-5.1%) | 1.33 | 5,911 |
| 2018-02-01 | $365,513 (-7.3%) | $564,965 (-5.0%) | 1.33 | 5,885 |
| 2018-03-01 | $373,070 (-5.0%) | $572,099 (-4.3%) | 1.31 | 6,336 |
| 2018-04-01 | $376,552 (-5.6%) | $582,160 (-3.8%) | 1.28 | 6,924 |
| 2018-05-01 | $375,000 (-5.9%) | $577,542 (-3.0%) | 1.25 | 7,437 |
| 2018-06-01 | $374,900 (-4.6%) | $569,828 (-3.2%) | 1.25 | 7,942 |
| 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 (-3.1%) | $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%) | $528,569 (-4.4%) | 1.19 | 7,908 |
| 2018-12-01 | $348,990 (-3.7%) | $514,664 (-7.1%) | 1.20 | 7,090 |
| 2019-01-01 | $348,495 (-3.2%) | $515,403 (-7.1%) | 1.20 | 6,447 |
| 2019-02-01 | $349,950 (-4.3%) | $524,137 (-7.2%) | 1.18 | 6,397 |
| 2019-03-01 | $358,571 (-3.9%) | $543,190 (-5.1%) | 1.17 | 6,672 |
| 2019-04-01 | $369,995 (-1.7%) | $559,277 (-3.9%) | 1.17 | 7,039 |
| 2019-05-01 | $370,956 (-1.1%) | $571,062 (-1.1%) | 1.16 | 7,326 |
| 2019-06-01 | $369,000 (-1.6%) | $566,664 (-0.6%) | 1.15 | 7,727 |
| 2019-07-01 | $364,022 (-1.3%) | $560,976 (1.9%) | 1.14 | 8,001 |
| 2019-08-01 | $362,187 (-0.1%) | $558,797 (3.8%) | 1.15 | 7,915 |
| 2019-09-01 | $360,901 (0.5%) | $559,116 (4.4%) | 1.16 | 7,640 |
| 2019-10-01 | $359,450 (2.7%) | $559,208 (4.8%) | 1.16 | 7,412 |
| 2019-11-01 | $355,000 (1.5%) | $558,943 (5.8%) | 1.16 | 6,893 |
| 2019-12-01 | $349,998 (0.3%) | $551,630 (7.2%) | 1.17 | 6,060 |
| 2020-01-01 | $350,494 (0.6%) | $557,166 (8.1%) | 1.17 | 5,439 |
| 2020-02-01 | $363,873 (4.0%) | $594,065 (13.3%) | 1.19 | 5,103 |
| 2020-03-01 | $374,997 (4.6%) | $607,740 (11.9%) | 1.18 | 5,380 |
| 2020-04-01 | $369,745 (-0.1%) | $570,066 (1.9%) | 1.16 | 6,075 |
| 2020-05-01 | $379,999 (2.4%) | $599,651 (5.0%) | 1.16 | 6,360 |
| 2020-06-01 | $395,000 (7.1%) | $639,259 (12.8%) | 1.16 | 5,664 |
| 2020-07-01 | $396,495 (8.9%) | $633,466 (12.9%) | 1.15 | 5,313 |
| 2020-08-01 | $399,999 (10.4%) | $646,803 (15.8%) | 1.15 | 4,899 |
| 2020-09-01 | $414,969 (15.0%) | $665,256 (19.0%) | 1.19 | 4,177 |
| 2020-10-01 | $420,000 (16.9%) | $682,360 (22.0%) | 1.20 | 3,882 |
| 2020-11-01 | $422,246 (18.9%) | $681,818 (22.0%) | 1.23 | 3,348 |
| 2020-12-01 | $427,500 (22.1%) | $688,572 (24.8%) | 1.27 | 2,696 |
| 2021-01-01 | $434,700 (24.0%) | $713,471 (28.1%) | 1.30 | 1,811 |
| 2021-02-01 | $448,995 (23.4%) | $745,722 (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%) | $747,284 (31.1%) | 1.35 | 1,704 |
| 2021-05-01 | $500,000 (31.6%) | $755,795 (26.0%) | 1.33 | 1,946 |
| 2021-06-01 | $530,000 (34.2%) | $766,995 (20.0%) | 1.40 | 2,370 |
| 2021-07-01 | $540,000 (36.2%) | $760,201 (20.0%) | 1.42 | 3,075 |
| 2021-08-01 | $545,868 (36.5%) | $747,298 (15.5%) | 1.46 | 3,539 |
| 2021-09-01 | $546,975 (31.8%) | $753,044 (13.2%) | 1.46 | 3,793 |
| 2021-10-01 | $549,900 (30.9%) | $760,116 (11.4%) | 1.47 | 3,634 |
| 2021-11-01 | $549,450 (30.1%) | $771,764 (13.2%) | 1.47 | 3,181 |
| 2021-12-01 | $544,500 (27.4%) | $772,108 (12.1%) | 1.48 | 2,468 |
| 2022-01-01 | $549,000 (26.3%) | $807,131 (13.1%) | 1.48 | 1,743 |
| 2022-02-01 | $577,500 (28.6%) | $873,435 (17.1%) | 1.50 | 1,405 |
| 2022-03-01 | $600,000 (28.3%) | $910,383 (25.1%) | 1.50 | 1,584 |
| 2022-04-01 | $625,000 (25.6%) | $937,567 (25.5%) | 1.49 | 2,011 |
| 2022-05-01 | $629,663 (25.9%) | $904,793 (19.7%) | 1.44 | 3,587 |
| 2022-06-01 | $622,450 (17.4%) | $871,936 (13.7%) | 1.39 | 5,598 |
| 2022-07-01 | $599,900 (11.1%) | $851,294 (12.0%) | 1.35 | 7,387 |
| 2022-08-01 | $575,500 (5.4%) | $824,817 (10.4%) | 1.33 | 8,218 |
| 2022-09-01 | $559,450 (2.3%) | $803,820 (6.7%) | 1.31 | 8,482 |
| 2022-10-01 | $549,900 (0.0%) | $798,346 (5.0%) | 1.29 | 8,593 |
| 2022-11-01 | $531,439 (-3.3%) | $783,739 (1.6%) | 1.28 | 8,322 |
| 2022-12-01 | $525,000 (-3.6%) | $776,754 (0.6%) | 1.30 | 7,081 |
| 2023-01-01 | $522,197 (-4.9%) | $774,619 (-4.0%) | 1.29 | 6,305 |
| 2023-02-01 | $531,000 (-8.1%) | $810,699 (-7.2%) | 1.28 | 6,114 |
| 2023-03-01 | $549,946 (-8.3%) | $837,278 (-8.0%) | 1.30 | 6,529 |
| 2023-04-01 | $569,000 (-9.0%) | $862,828 (-8.0%) | 1.32 | 7,197 |
| 2023-05-01 | $583,375 (-7.4%) | $881,470 (-2.6%) | 1.32 | 7,624 |
| 2023-06-01 | $579,998 (-6.8%) | $880,722 (1.0%) | 1.30 | 8,283 |
| 2023-07-01 | $575,000 (-4.2%) | $866,419 (1.8%) | 1.31 | 8,521 |
| 2023-08-01 | $568,237 (-1.3%) | $853,114 (3.4%) | 1.30 | 8,611 |
| 2023-09-01 | $556,450 (-0.5%) | $852,510 (6.1%) | 1.30 | 8,722 |
| 2023-10-01 | $549,900 (0.0%) | $844,080 (5.7%) | 1.29 | 8,759 |
| 2023-11-01 | $549,495 (3.4%) | $831,441 (6.1%) | 1.31 | 8,497 |
| 2023-12-01 | $539,990 (2.9%) | $825,074 (6.2%) | 1.32 | 7,319 |
| 2024-01-01 | $544,982 (4.4%) | $827,801 (6.9%) | 1.33 | 6,433 |
| 2024-02-01 | $542,000 (2.1%) | $835,799 (3.1%) | 1.30 | 6,608 |
| 2024-03-01 | $549,733 (0.0%) | $867,030 (3.6%) | 1.29 | 7,558 |
| 2024-04-01 | $557,480 (-2.0%) | $878,785 (1.9%) | 1.30 | 8,897 |
| 2024-05-01 | $565,000 (-3.2%) | $882,097 (0.1%) | 1.28 | 9,906 |
| 2024-06-01 | $550,000 (-5.2%) | $858,849 (-2.5%) | 1.24 | 10,913 |
| 2024-07-01 | $537,000 (-6.6%) | $822,134 (-5.1%) | 1.23 | 11,119 |
| 2024-08-01 | $525,000 (-7.6%) | $805,266 (-5.6%) | 1.22 | 10,818 |
| 2024-09-01 | $520,000 (-6.6%) | $800,619 (-6.1%) | 1.22 | 10,719 |
| 2024-10-01 | $520,000 (-5.4%) | $806,077 (-4.5%) | 1.22 | 10,387 |
Austin's median listing price comes in at 122% of the national average.
Austin's average listing price for 2024-10-01 was $806,077, a difference of $-38,003 (-4.5%) versus the prior year and $5,458 versus the prior month.
For the 2024-10-01 period, Austin had 10,387 MLS listings, a difference of -332 listings (-3%) versus the prior month and 1,628 listings (19%) 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 | 2,254 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 | 71 days | 2,164 sqft |
| 2019-01-01 | 76 days | 2,143 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 | 2,208 sqft |
| 2019-07-01 | 48 days | 2,198 sqft |
| 2019-08-01 | 50 days | 2,180 sqft |
| 2019-09-01 | 55 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 | 2,089 sqft |
| 2020-09-01 | 49 days | 2,067 sqft |
| 2020-10-01 | 45 days | 2,018 sqft |
| 2020-11-01 | 45 days | 1,967 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 | 2,028 sqft |
| 2021-04-01 | 20 days | 2,059 sqft |
| 2021-05-01 | 22 days | 2,069 sqft |
| 2021-06-01 | 14 days | 2,054 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 | 2,090 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 | 2,113 sqft |
| 2022-05-01 | 16 days | 2,125 sqft |
| 2022-06-01 | 21 days | 2,149 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 | 2,047 sqft |
| 2023-01-01 | 79 days | 2,045 sqft |
| 2023-02-01 | 70 days | 2,074 sqft |
| 2023-03-01 | 51 days | 2,093 sqft |
| 2023-04-01 | 44 days | 2,123 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 |
| 2023-12-01 | 74 days | 2,087 sqft |
| 2024-01-01 | 77 days | 2,091 sqft |
| 2024-02-01 | 60 days | 2,085 sqft |
| 2024-03-01 | 40 days | 2,090 sqft |
| 2024-04-01 | 42 days | 2,101 sqft |
| 2024-05-01 | 43 days | 2,108 sqft |
| 2024-06-01 | 50 days | 2,099 sqft |
| 2024-07-01 | 58 days | 2,078 sqft |
| 2024-08-01 | 65 days | 2,072 sqft |
| 2024-09-01 | 72 days | 2,070 sqft |
| 2024-10-01 | 73 days | 2,067 sqft |
Austin's median square footage for active listings during the 2024-10-01 period was 2,067 sqft. One year prior, the average listing was 2,095 sqft.