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 6.34% for the week of 2024-05-10, compared to the national average (all FHA variants) of 6.786% for the same period.

Austin's average FHA mortgage closing costs are $10,272.

The average rate for the prior week (2024-05-03) was 6.53% and one month ago for the week of 2024-04-05, the average rate was 6.11%.

The average rate one year ago was 5.72%.

For refis of the same type during the week of 2024-05-10, the average rate was 6.93%.

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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
DHI MORTGAGE COMPANY, LTD. 733 5.30% $11,041
EAGLE HOME MORTGAGE, LLC 565 5.25% $10,750
VELOCIO MORTGAGE L.L.C. 328 5.61% $15,006
CMG MORTGAGE, INC. 302 5.74% $17,392
UNITED WHOLESALE MORTGAGE, LLC 302 6.23% $17,100
LOANDEPOT.COM, LLC 267 6.21% $13,631
KBHS HOME LOANS, LLC 259 5.87% $15,880
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 130 6.61% $14,213
INSPIRE HOME LOANS INC. 123 5.46% $11,588
South Pacific Financial Corporation 113 5.74% $12,275
CORNERSTONE HOME LENDING, INC. 104 6.30% $17,513
SFMC, LP 97 6.09% $17,644
ADVISA MORTGAGE SERVICES, LTD. 97 6.00% $11,225
QUICKEN LOANS, LLC 94 6.12% $15,299
PULTE MORTGAGE LLC 79 5.88% $9,964
EVERETT FINANCIAL, INC. 78 6.73% $12,436
UNIVERSITY Federal Credit Union 74 6.07% $15,154
GUILD MORTGAGE COMPANY 69 6.38% $15,318
LOANPEOPLE, LLC 62 6.42% $17,285
PRIMELENDING, A PLAINSCAPITAL COMPANY 58 6.54% $18,233
PLAZA HOME MORTGAGE, INC. 58 6.02% $16,955
SECURITYNATIONAL MORTGAGE COMPANY 54 6.86% $16,275
MOVEMENT MORTGAGE, LLC 53 6.46% $18,032
Paramount Residential Mortgage Group, Inc. 49 6.17% $15,672
HOME FINANCING UNLIMITED, INC. 49 5.94% $14,680
CITY FIRST MORTGAGE SERVICES, L.L.C. 48 6.76% $16,007
THRIVE MORTGAGE, LLC 42 6.38% $16,656
CROSSCOUNTRY MORTGAGE, LLC 41 6.64% $16,644
JET HOMELOANS, LLC 39 5.79% $13,654
BROKER SOLUTIONS, INC. 37 6.46% $16,828
ARK-LA-TEX FINANCIAL SERVICES, LLC. 36 6.50% $15,288
CARDINAL FINANCIAL 36 6.26% $18,314
NEWREZ LLC 33 6.28% $14,838
FREEDOM MORTGAGE CORPORATION 33 6.50% $16,276
M/I FINANCIAL, LLC 31 5.70% $23,182
CLM MORTGAGE, INC 31 6.33% $14,979
Equity Prime Mortgage LLC 30 6.76% $13,837
Flagstar Bank, FSB 29 6.49% $15,168
HOMEAMERICAN MORTGAGE CORPORATION 29 5.51% $6,969
INTERLINC MORTGAGE SERVICES, LLC 27 7.12% $8,439
Century Mortgage Company DBA Century Lending Company 26 6.33% $16,183
GUARANTEED RATE, INC. 24 6.27% $15,329
CALCON MUTUAL MORTGAGE LLC 24 6.82% $19,268
AMERICAN FINANCIAL NETWORK, INC. 23 6.46% $16,749
AMERICAN PACIFIC MORTGAGE CORPORATION 21 6.30% $16,831
BAY EQUITY LLC 20 6.34% $12,426
GUARANTEED RATE AFFINITY, LLC 18 6.50% $13,884
PENNYMAC LOAN SERVICES, LLC 17 5.94% $18,094
First Bank 17 6.33% $16,158
Network Funding, L.P. 16 6.21% $17,581
GARDNER FINANCIAL SERVICES, LTD. 16 6.21% $21,312
PRIORITY HOME MORTGAGE, L.P. 15 5.55% $11,516
Waterstone Mortgage Corporation 15 6.62% $14,242
MORTGAGE FINANCIAL SERVICES, LLC 15 6.63% $14,919
Loan Simple, Inc. 15 6.77% $16,429
AMCAP MORTGAGE, LTD. 14 6.58% $16,971
Republic State Mortgage Co. 14 6.47% $14,620
CANOPY MORTGAGE, LLC 14 6.43% $17,457
Plains Commerce Bank 14 6.66% $17,300
First United Bank and Trust Company 12 6.46% $15,010
NATIONS RELIABLE LENDING, LLC 12 6.47% $15,771
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 12 6.74% $15,894
NTFN, INC. 12 6.16% $16,433
JPMorgan Chase Bank 11 6.53% $9,712
SUN WEST MORTGAGE COMPANY, INC. 10 6.89% $13,716
SWBC MORTGAGE CORPORATION 10 6.30% $11,961
ZILLOW HOME LOANS, LLC 10 5.84% $14,233
SeaTrust Mortgage Company 9 6.83% $14,747
Carrington Mortgage Services, LLC 9 6.97% $20,001
Gateway First Bank 9 6.75% $13,473
Sunflower Bank 9 6.01% $17,102
OCMBC, INC. 9 6.75% $16,974
CRESTMARK MORTGAGE COMPANY, LTD. 9 6.40% $16,204
BancorpSouth 8 6.05% $12,613
Alcova Mortgage LLC 8 6.61% $11,101
Assurance Financial Group, L.L.C. 8 6.23% $17,754
NFM, INC. 8 6.94% $15,025
Northpointe Bank 8 6.50% $17,048
MID AMERICA MORTGAGE, INC. 8 7.13% $12,704
MUTUAL OF OMAHA MORTGAGE, INC. 7 6.20% $15,792
American Mortgage & Equity Consultants, Inc. 7 6.93% $16,189
V.I.P. MORTGAGE, INC. 7 6.63% $19,857
GENEVA FINANCIAL, LLC 7 7.14% $16,864
HOMESIDE FINANCIAL, LLC 7 6.57% $15,027
Nations Lending Corporation 6 6.17% $11,697
CHURCHILL MORTGAGE CORPORATION 6 6.54% $15,302
UNION HOME MORTGAGE CORP. 6 6.90% $17,125
CORNERSTONE MORTGAGE PARTNERS OF TEXAS, L.P. 6 5.98% $14,175
BM Real Estate Services, Inc. 6 6.15% $15,933
HOMETRUST MORTGAGE COMPANY 5 5.98% $17,501
Stride Bank 5 6.83% $14,132
SENTE MORTGAGE, INC. 5 6.85% $18,703
WILLOW BEND MORTGAGE COMPANY, LLC 5 6.40% $15,968
Bank of England 5 6.63% $14,352
T2 FINANCIAL LLC 5 6.20% $15,278
Neighborhood Loans, Inc. 5 6.90% $16,021
The Loan Store, Inc. 5 6.63% $16,185
Encompass Lending Group, LP 5 6.43% $23,198
TOWNE MORTGAGE COMPANY 4 5.88% $19,563
PRIMARY RESIDENTIAL MORTGAGE, INC. 4 6.22% $13,277
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 4 6.88% $15,283
FIRST CENTENNIAL MORTGAGE CORPORATION 4 6.75% $13,855
HOMEBRIDGE FINANCIAL SERVICES, INC. 4 6.44% $21,266
HOMEOWNERS FINANCIAL GROUP USA, LLC 4 6.16% $24,244
Regions Bank 4 5.81% $13,886
AXIA FINANCIAL, LLC 4 6.31% $16,092
Mortgage Research Center, LLC 4 6.50% $11,606
Wells Fargo Bank 4 6.41% $20,849
First National Bank Texas 4 7.19% $13,151
ON Q FINANCIAL, INC. 3 6.83% $16,306
U.S. Bank 3 6.41% $15,829
THE MORTGAGE LINK, INC. 3 6.38% $16,219
VILLAGE CAPITAL MORTGAGE 3 6.83% $7,994
FBC MORTGAGE, LLC 3 6.17% $18,315
AHL FUNDING 3 6.92% $29,165
PREMIER MORTGAGE RESOURCES, L.L.C. 3 6.63% $15,233
Citizens Bank 3 5.67% $17,837
FIRST CONTINENTAL MORTGAGE, LTD. 3 5.63% $13,569
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 3 6.04% $19,719
BECKAM FUNDING CORP. 3 6.92% $25,487
GEO-CORP, INC. 3 7.29% $21,460
LEGEND LENDING CORPORATION 3 7.13% $18,062
RB MORTGAGE LLC 3 6.83% $13,047
Town Square Mortgage & Investments, Inc. 3 6.83% $12,113
JMAC LENDING, INC. 3 5.88% $21,048
Golden Empire Mortgage, Inc. 2 7.69% $13,569
American Bank of Commerce 2 6.00% $17,044
AmeriHome Mortgage Company, LLC 2 6.31% $10,642
AMERISAVE MORTGAGE CORPORATION 2 5.56% $21,548
Bank of America 2 6.69% $10,657
Barrington Bank & Trust Company, N.A. 2 5.75% $13,730
BELEM SERVICING LLC 2 6.81% $18,135
BNC National Bank 2 5.38% $11,276
CASTLE & COOKE MORTGAGE, LLC 2 6.69% $18,481
City Bank 2 6.38% $10,516
ENVOY MORTGAGE, LTD 2 6.25% $16,296
FIRST COMMUNITY MORTGAGE, INC. 2 6.19% $14,498
Florida Capital Bank 2 6.13% $22,470
FRONTIER FINANCIAL, INC. 2 7.00% $14,206
ACADEMY MORTGAGE CORPORATION 2 5.75% $17,981
Hamilton Mortgage Corporation 2 7.06% $10,735
LAND HOME FINANCIAL SERVICES, INC. 2 7.00% $24,477
MICHIGAN MUTUAL, INC. 2 6.13% $27,956
Mr. Cooper ( Nationstar Mortgage ) 2 5.81% $22,264
NBKC BANK 2 6.50% $12,394
NEW FED MORTGAGE, CORP. 2 6.63% $16,228
NexBank 2 6.19% $14,434
PILGRIM MORTGAGE LLC 2 6.63% $10,110
PINNACLE LENDING GROUP, INC. 2 6.50% $13,038
PLANET HOME LENDING, LLC 2 7.00% $11,831
Sierra Pacific Mortgage Company, Inc. 2 6.31% $13,736
SUCCESS MORTGAGE PARTNERS, INC. 2 6.38% $15,826
The Federal Savings Bank 2 5.88% $15,485
TOTAL MORTGAGE SERVICES, LLC 2 6.44% $14,387
Vellum Mortgage, Inc. 2 5.87% $11,293
VERITAS FUNDING, LLC 2 6.25% $12,376
Wallick & Volk, Inc. 2 6.69% $15,234
MORTGAGE SOLUTIONS OF COLORADO, LLC 1 6.00% $35,488
RESIDENTIAL BANCORP 1 6.75% $18,969
ROYAL UNITED MORTGAGE LLC 1 5.13% $18,519
S1L, Inc. 1 5.63% $21,853
MLB RESIDENTIAL LENDING, LLC 1 6.38% $18,948
MEMBER FIRST MORTGAGE, LLC 1 6.75% $8,704
MASON MCDUFFIE MORTGAGE CORPORATION 1 7.25% $17,894
MANN FINANCIAL INC. 1 7.00% $17,276
A&D Mortgage LLC 1 6.63% $20,720
Simmons Bank 1 6.88% $12,585
Magnolia Bank 1 6.25% $21,151
LEADERONE FINANCIAL CORPORATION 1 7.50% $17,908
Strong Home Mortgage, LLC 1 4.99% $10,133
AMERICAN PORTFOLIO MORTGAGE CORPORATION 1 6.99% $15,314
SUMMIT FUNDING, INC. 1 7.88% $14,913
LAKEVIEW LOAN SERVICING, LLC 1 6.75% $12,456
LADERA LENDING, INC. 1 6.63% $15,726
Inwood National Bank 1 6.13% $11,608
HOME APPROVALS DIRECT, INC. 1 6.25% $12,388
Texas Mortgage Lending, LLC 1 7.13% $17,804
The Central Trust Bank 1 6.63% $11,663
AMERICAN FINANCIAL RESOURCES, INC. 1 6.25% $9,423
The Freedom Bank of Virginia 1 6.63% $12,499
GSF Mortgage Corporation 1 5.63% $10,629
First United Bank 1 6.25% $12,567
First Savings Bank 1 5.75% $15,901
Affiliated Bank 1 7.38% $11,901
First Financial Bank 1 6.63% $10,011
EUSTIS AND AMERICAN MORTGAGE COMPANY 1 6.49% $16,764
Trinity Oaks Mortgage, LLC 1 6.00% $16,275
DATA MORTGAGE, INC. 1 6.00% $18,027
United Fidelity Funding Corp. 1 6.75% $22,448
Commerce Home Mortgage, Inc. 1 7.63% $10,666
UNIVERSAL LENDING CORPORATION 1 6.63% $17,495
Colonial Savings, F.A. 1 7.63% $12,478
BOKF 1 7.13% $14,153
VANDERBILT MORTGAGE AND FINANCE, INC. 1 6.00% $16,117
Wolfe Financial, Inc 1 7.25% $14,904
ARC HOME LLC 1 6.13% $19,715
Wyndham Capital Mortgage, Inc. 1 5.25% $11,139
AmRes Corporation 1 5.25% $10,143
AMERITRUST MORTGAGE CORPORATION 1 6.50% $11,345
PENTAGON FEDERAL CREDIT UNION 1 6.88% $13,136
Prosperity Home Mortgage, LLC 1 5.25% $16,781
PATRIOT MORTGAGE COMPANY 1 7.00% $12,264
Origin Bank 1 6.00% $11,649
Old National Bank 1 5.75% $10,827
MY MORTGAGE, INC. 1 6.63% $19,023
Renasant Bank 1 5.75% $23,548

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
Austin's median listing price for 2024-04-01 was $557,480, a difference of $-11,520 (-2.0%) versus the prior year and $7,747 versus the prior month.

Austin's median listing price comes in at 130% of the national average.

Austin's average listing price for 2024-04-01 was $878,785, a difference of $15,957 (1.9%) versus the prior year and $11,755 versus the prior month.

For the 2024-04-01 period, Austin had 8,897 MLS listings, a difference of 1,339 listings (18%) versus the prior month and 1,700 listings (24%) 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
Austin's median listing age (time on market) for 2024-04-01 was 42 days. This is -6% shorter than the same period one year ago.

Austin's median square footage for active listings during the 2024-04-01 period was 2,101 sqft. One year prior, the average listing was 2,123 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).