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%.

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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
DHI MORTGAGE COMPANY, LTD. 510 4.39% $11,588
EAGLE HOME MORTGAGE, LLC 260 4.98% $12,116
KBHS HOME LOANS, LLC 166 5.00% $15,318
CMG MORTGAGE, INC. 151 5.11% $17,046
LOANDEPOT.COM, LLC 146 4.98% $13,904
UNITED WHOLESALE MORTGAGE, LLC 128 4.97% $14,224
VELOCIO MORTGAGE L.L.C. 99 4.95% $16,574
PULTE MORTGAGE LLC 90 4.74% $8,644
CALIBER HOME LOANS, INC. 72 4.77% $12,280
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 71 5.21% $13,468
SECURITYNATIONAL MORTGAGE COMPANY 65 5.36% $14,822
QUICKEN LOANS, LLC 60 4.57% $13,612
South Pacific Financial Corporation 50 4.58% $14,726
UNIVERSITY Federal Credit Union 49 4.42% $12,079
SFMC, LP 49 4.65% $14,828
INSPIRE HOME LOANS INC. 44 5.21% $11,885
GUILD MORTGAGE COMPANY 42 5.17% $15,365
AMCAP MORTGAGE, LTD. 41 4.62% $15,229
EVERETT FINANCIAL, INC. 33 5.63% $10,012
LAKEVIEW LOAN SERVICING, LLC 33 3.12% $6,556
HOME FINANCING UNLIMITED, INC. 31 4.70% $16,773
CORNERSTONE HOME LENDING, INC. 30 5.25% $17,075
MOVEMENT MORTGAGE, LLC 30 5.51% $15,790
NATIONS RELIABLE LENDING, LLC 30 5.10% $17,051
FREEDOM MORTGAGE CORPORATION 28 4.19% $11,776
ADVISA MORTGAGE SERVICES, LTD. 28 5.04% $13,083
Republic State Mortgage Co. 27 5.00% $14,263
LOANPEOPLE, LLC 27 5.25% $15,737
CROSSCOUNTRY MORTGAGE, LLC 26 5.66% $15,870
CLM MORTGAGE, INC 26 5.28% $15,519
THRIVE MORTGAGE, LLC 26 5.22% $15,530
Flagstar Bank, FSB 25 4.99% $13,734
SOUTHWEST FUNDING, LP 25 5.40% $18,275
PENNYMAC LOAN SERVICES, LLC 25 3.39% $7,160
PRIMELENDING, A PLAINSCAPITAL COMPANY 24 5.18% $14,914
ARK-LA-TEX FINANCIAL SERVICES, LLC. 23 5.51% $10,850
Paramount Residential Mortgage Group, Inc. 22 5.64% $13,705
Mr. Cooper ( Nationstar Mortgage ) 21 3.88% $7,493
CITY FIRST MORTGAGE SERVICES, L.L.C. 19 5.35% $15,181
HOME POINT FINANCIAL CORPORATION 19 4.47% $14,173
INTERLINC MORTGAGE SERVICES, LLC 18 5.37% $12,490
Lakeview Community Capital, LLC 17 3.45% $5,481
CANOPY MORTGAGE, LLC 17 5.09% $17,694
CARDINAL FINANCIAL 17 4.36% $15,134
Network Funding, L.P. 16 5.17% $14,293
M/I FINANCIAL, LLC 15 4.60% $17,216
MID AMERICA MORTGAGE, INC. 14 5.14% $8,757
AMERICAN PACIFIC MORTGAGE CORPORATION 14 5.33% $15,190
MORTGAGE FINANCIAL SERVICES, LLC 14 4.88% $13,986
Carrington Mortgage Services, LLC 13 4.25% $11,800
The Home Loan Expert LLC 13 4.69% $12,002
GUARANTEED RATE, INC. 13 4.69% $13,405
Gateway First Bank 12 5.46% $11,548
Austin Capital Bank SSB 12 4.99% $13,605
First United Bank and Trust Company 12 5.53% $15,255
Waterstone Mortgage Corporation 12 5.40% $12,752
PLAZA HOME MORTGAGE, INC. 11 5.31% $12,024
SOUTHWEST STAGE FUNDING, LLC 11 4.08% $7,806
JET HOMELOANS, LLC 11 5.07% $13,744
Amerifirst Financial, Inc. 10 5.40% $11,467
DAS Acquisition Company, LLC 10 5.58% $16,175
NEWREZ LLC 10 5.25% $10,918
SUMMIT FUNDING, INC. 9 6.03% $16,008
Equity Prime Mortgage LLC 9 4.89% $12,591
SWBC MORTGAGE CORPORATION 8 5.86% $10,997
First Bank 8 4.94% $14,832
Assurance Financial Group, L.L.C. 8 4.78% $16,893
KELLER MORTGAGE, LLC 8 4.36% $11,595
PLANET HOME LENDING, LLC 7 4.37% $11,638
S1L, Inc. 7 5.84% $14,347
BROKER SOLUTIONS, INC. 7 5.14% $14,514
Plains Commerce Bank 6 5.33% $12,695
Hometown Lenders, Inc. 6 5.33% $17,248
ANGEL OAK HOME LOANS LLC 6 4.63% $14,967
BancorpSouth 6 4.02% $11,648
PRIMARY RESIDENTIAL MORTGAGE, INC. 6 4.19% $12,111
ASPIRE FINANCIAL, INC. 6 3.96% $12,724
WILLOW BEND MORTGAGE COMPANY, LLC 6 5.63% $16,342
LEGEND LENDING CORPORATION 5 5.77% $8,464
BECKAM FUNDING CORP. 5 6.43% $19,770
The Federal Savings Bank 5 4.70% $13,790
AMERICAN FINANCIAL RESOURCES, INC. 5 4.68% $16,140
CRESTMARK MORTGAGE COMPANY, LTD. 5 5.40% $14,585
FIRST CENTENNIAL MORTGAGE CORPORATION 5 4.98% $13,233
ROUNDPOINT MORTGAGE SERVICING CORPORATION 5 4.23% $12,202
GUARANTEED RATE AFFINITY, LLC 5 5.85% $13,587
HOMEOWNERS FINANCIAL GROUP USA, LLC 5 5.30% $15,469
AMERISAVE MORTGAGE CORPORATION 4 4.94% $16,716
PRIORITY HOME MORTGAGE, L.P. 4 5.06% $15,964
GENEVA FINANCIAL, LLC 4 4.78% $13,522
EUSTIS AND AMERICAN MORTGAGE COMPANY 4 6.00% $13,828
VILLAGE CAPITAL MORTGAGE 4 3.06% $4,041
Commerce Home Mortgage, Inc. 4 5.13% $13,012
HOMETRUST MORTGAGE COMPANY 4 5.19% $14,501
CASTLE & COOKE MORTGAGE, LLC 4 5.69% $12,846
CALCON MUTUAL MORTGAGE LLC 4 5.28% $19,040
NTFN, INC. 4 4.63% $13,900
JPMorgan Chase Bank 4 5.09% $9,604
GREAT WESTERN FINANCIAL SERVICES, INC. 4 4.81% $15,190
Loan Simple, Inc. 4 6.91% $19,336
V.I.P. MORTGAGE, INC. 3 5.38% $19,514
SUN WEST MORTGAGE COMPANY, INC. 3 4.96% $12,502
MUTUAL OF OMAHA MORTGAGE, INC. 3 4.83% $13,703
RB MORTGAGE LLC 3 4.42% $10,496
First Guaranty Mortgage Corporation 3 3.54% $11,968
MICHIGAN MUTUAL, INC. 3 4.79% $11,010
NFM, INC. 3 4.50% $16,458
UNION HOME MORTGAGE CORP. 3 5.92% $12,670
HOMESIDE FINANCIAL, LLC 3 4.88% $18,203
HOMESPIRE MORTGAGE CORPORATION 3 5.54% $13,229
Northpointe Bank 3 4.83% $14,762
Magnolia Bank 3 5.29% $20,168
Sunflower Bank 3 4.66% $12,575
ZILLOW HOME LOANS, LLC 2 6.13% $11,400
ACADEMY MORTGAGE CORPORATION 2 4.88% $17,002
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 2 6.19% $16,219
BETTER MORTGAGE CORPORATION 2 4.31% $14,654
Century Mortgage Company DBA Century Lending Company 2 7.44% $18,689
CERTAINTY HOME LOANS, LLC 2 5.06% $10,225
CHERRY CREEK MORTGAGE, LLC 2 5.56% $9,275
Citizens Bank 2 4.63% $11,676
CORNERSTONE MORTGAGE PARTNERS OF TEXAS, L.P. 2 4.88% $11,013
DRAPER AND KRAMER MORTGAGE CORP. 2 5.25% $17,763
ENVOY MORTGAGE, LTD 2 4.94% $17,732
FC LENDING, LTD. 2 4.94% $14,016
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 2 4.44% $17,575
Goldwater Bank, N.A. 2 4.75% $11,169
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 2 4.06% $15,333
LOANLEADERS OF AMERICA, INC. 2 5.06% $11,105
Mortgage Research Center, LLC 2 4.63% $11,953
OPEN MORTGAGE, LLC 2 4.50% $12,275
PANORAMA MORTGAGE GROUP, LLC 2 6.44% $13,952
PILGRIM MORTGAGE LLC 2 5.00% $16,303
Stride Bank 2 4.31% $17,825
SUCCESS MORTGAGE PARTNERS, INC. 2 4.99% $12,579
TJC Mortgage, Inc. 2 5.75% $18,539
Town Square Mortgage & Investments, Inc. 2 5.37% $11,957
VANDERBILT MORTGAGE AND FINANCE, INC. 2 3.94% $14,277
VAN DYK MORTGAGE CORPORATION 2 5.44% $9,677
Wells Fargo Bank 2 4.69% $5,293
1ST PREFERENCE MORTGAGE CORP. 2 4.00% $8,228
JMAC LENDING, INC. 1 6.00% $15,490
BAY EQUITY LLC 1 4.75% $17,127
OVM FINANCIAL, INC. 1 4.25% $12,216
Pacific Lending LLC 1 4.75% $17,500
PACIFIC RESIDENTIAL MORTGAGE, LLC 1 6.63% $13,188
AHL FUNDING 1 6.50% $25,278
International Bank of Commerce 1 5.00% $13,846
Independent Bank 1 7.13% $10,676
PENTAGON FEDERAL CREDIT UNION 1 5.88% $11,943
WesBanco 1 5.50% $10,307
HOMEXPRESS MORTGAGE CORP. 1 4.38% $12,350
HOMEBRIDGE FINANCIAL SERVICES, INC. 1 4.38% $22,963
HAMILTON HOME LOANS, INC. 1 4.38% $20,592
GSF Mortgage Corporation 1 6.00% $9,814
GROUP MORTGAGE, LLC 1 5.50% $17,273
GERSHMAN INVESTMENT CORP. 1 5.25% $11,090
Franklin Loan Corporation 1 4.63% $17,726
Florida Capital Bank 1 5.13% $15,377
First Savings Bank 1 3.63% $16,601
First National Bank Texas 1 3.50% $17,644
FIRST CONTINENTAL MORTGAGE, LTD. 1 4.63% $8,969
FINANCE OF AMERICA MORTGAGE LLC 1 4.88% $9,592
Encompass Lending Group, LP 1 4.50% $18,497
EMBRACE HOME LOANS, INC. 1 2.50% $17,092
SIRVA MORTGAGE, INC. 1 5.63% $15,139
DIRECTIONS EQUITY, LLC 1 5.63% $7,015
Southwest Bank 1 4.25% $18,928
COUNTRYPLACE MORTGAGE, LTD. 1 4.25% $25,844
Community First National Bank 1 4.75% $9,558
STANDARD MORTGAGE CORPORATION 1 4.63% $13,025
STOCKTON MORTGAGE CORPORATION 1 6.63% $11,855
Bank of England 1 5.25% $18,926
Strong Home Mortgage, LLC 1 4.62% $11,610
AMERICA'S CHOICE HOME LOANS LP 1 7.00% $17,371
Colten Mortgage, LLC 1 4.00% $13,980
City Bank 1 5.63% $16,693
CHURCHILL MORTGAGE CORPORATION 1 6.00% $18,574
CHAMPIONS MORTGAGE LLC 1 4.75% $12,908
T2 FINANCIAL LLC 1 4.50% $12,292
Chambers Bank 1 4.63% $11,829
BOKF 1 5.63% $20,293
THE MORTGAGE FIRM, INC. 1 5.88% $12,416
BNC National Bank 1 3.38% $14,439
AMERICAN HOMESTAR MORTGAGE, L.L.C. 1 4.50% $14,829
TOWNE MORTGAGE COMPANY 1 3.25% $12,587
Alcova Mortgage LLC 1 6.88% $19,215
Trinity Oaks Mortgage, LLC 1 5.63% $15,614
TruHome Solutions, LLC 1 4.38% $10,418
Truist 1 6.60% $10,616
BKCO MORTGAGE, LLC 1 3.63% $8,728
United Fidelity Funding Corp. 1 5.75% $33,260
UNITED MORTGAGE CORP 1 5.50% $9,002
BELEM SERVICING LLC 1 7.00% $15,613
NATIONS DIRECT MORTGAGE, LLC 1 5.99% $14,018
Nations Lending Corporation 1 6.75% $10,805
MLB RESIDENTIAL LENDING, LLC 1 7.75% $24,719
NBH Bank 1 4.75% $8,117
NBKC BANK 1 5.50% $9,988
NETWORK CAPITAL FUNDING CORPORATION 1 3.88% $11,986
MEMBER FIRST MORTGAGE, LLC 1 5.88% $13,422
LRS FINANCIAL NETWORK, INC. 1 4.63% $12,214
LIBERTY HOME MORTGAGE CORPORATION 1 3.25% $10,706
North American Savings Bank, F.S.B. 1 4.75% $9,130
Kwik Mortgage Corporation 1 4.38% $16,827

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 for 2023-11-01 was $549,495, a difference of $18,067 (3.4%) versus the prior year and $-405 versus the prior month.

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 listing age (time on market) for 2023-11-01 was 65 days. This is 8% longer than the same period one year ago.

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.

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).