Beaumont FHA Loan Rates, Closing Costs & Stats

BEAUMONT-PORT ARTHUR, 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.

Beaumont's 114 lenders originated 1,293 FHA loans during 2022. The total origination value was $272,575,000, with an average FHA loan value of $210,808.

Beaumont FHA Loans, 30 Year Fixed Rates

30 Year FHA mortgages in Beaumont averaged 6.24% for the week of 2024-02-16, compared to the national average (all FHA variants) of 6.611% for the same period.

Beaumont's average FHA mortgage closing costs are $7,598.

The average rate for the prior week (2024-02-09) was 6.05% and one month ago for the week of 2024-01-12, the average rate was 6.19%.

The average rate one year ago was 5.74%.

For refis of the same type during the week of 2024-02-16, the average rate was 5.62%.

Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

Beaumont 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 Beaumont level.

Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
GUILD MORTGAGE COMPANY 81 5.38% $10,030
UNITED WHOLESALE MORTGAGE, LLC 80 5.24% $8,576
Republic State Mortgage Co. 75 5.29% $8,359
Gateway First Bank 72 5.38% $8,396
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 63 5.28% $9,840
AMCAP MORTGAGE, LTD. 58 5.13% $10,012
OPEN MORTGAGE, LLC 57 5.17% $10,136
QUICKEN LOANS, LLC 43 4.43% $9,693
FBC MORTGAGE, LLC 35 5.05% $8,598
EVERETT FINANCIAL, INC. 34 5.50% $6,242
GUARANTEED RATE, INC. 33 5.23% $10,827
FREEDOM MORTGAGE CORPORATION 33 4.85% $10,204
MID AMERICA MORTGAGE, INC. 31 5.28% $7,649
DHI MORTGAGE COMPANY, LTD. 24 4.18% $9,715
Flagstar Bank, FSB 24 4.51% $8,289
CALIBER HOME LOANS, INC. 22 4.69% $10,628
First Financial Bank 21 5.10% $10,525
Network Funding, L.P. 20 5.53% $10,985
Citizens Bank 20 4.34% $9,862
City Bank 20 5.03% $9,617
LEGEND LENDING CORPORATION 19 6.00% $12,167
Town Square Mortgage & Investments, Inc. 18 5.99% $7,963
CARDINAL FINANCIAL 17 5.39% $12,629
PENNYMAC LOAN SERVICES, LLC 15 3.65% $5,171
SOUTHWEST FUNDING, LP 13 5.12% $11,794
CROSSCOUNTRY MORTGAGE, LLC 12 5.31% $10,677
Equity Prime Mortgage LLC 10 5.56% $9,783
NATIONS RELIABLE LENDING, LLC 9 5.29% $12,206
Mr. Cooper ( Nationstar Mortgage ) 9 3.96% $6,812
CORNERSTONE HOME LENDING, INC. 9 4.71% $10,951
BROKER SOLUTIONS, INC. 8 5.17% $11,359
JPMorgan Chase Bank 8 5.25% $6,015
WILLOW BEND MORTGAGE COMPANY, LLC 8 5.22% $11,894
LHM FINANCIAL CORPORATION 8 4.88% $8,320
Nations Lending Corporation 7 4.79% $8,276
LOANDEPOT.COM, LLC 7 5.60% $12,916
THRIVE MORTGAGE, LLC 6 4.69% $10,293
T2 FINANCIAL LLC 6 6.60% $11,377
Paramount Residential Mortgage Group, Inc. 6 5.25% $9,791
HOME POINT FINANCIAL CORPORATION 5 4.23% $10,308
Mortgage Research Center, LLC 5 4.73% $8,001
VILLAGE CAPITAL MORTGAGE 5 3.98% $3,211
NEWREZ LLC 4 4.28% $5,861
PRIMELENDING, A PLAINSCAPITAL COMPANY 4 5.28% $11,268
EUSTIS AND AMERICAN MORTGAGE COMPANY 4 4.38% $9,340
PLAZA HOME MORTGAGE, INC. 4 4.94% $8,193
AMERICAN FINANCIAL RESOURCES, INC. 4 5.34% $8,749
Carrington Mortgage Services, LLC 4 5.38% $8,665
PRIMARY RESIDENTIAL MORTGAGE, INC. 4 5.28% $9,676
LEADERONE FINANCIAL CORPORATION 4 5.66% $10,188
GUARANTEED RATE AFFINITY, LLC 3 5.72% $9,916
INTERLINC MORTGAGE SERVICES, LLC 3 5.46% $14,303
CERTAINTY HOME LOANS, LLC 3 5.50% $17,609
American Mortgage Bank, LLC 3 4.50% $8,040
HOMESIDE FINANCIAL, LLC 3 4.75% $10,490
SECURITYNATIONAL MORTGAGE COMPANY 3 6.63% $7,212
FINANCE OF AMERICA MORTGAGE LLC 3 4.75% $8,712
ACADEMY MORTGAGE CORPORATION 2 6.81% $9,028
AMERISAVE MORTGAGE CORPORATION 2 4.81% $13,351
ARK-LA-TEX FINANCIAL SERVICES, LLC. 2 5.06% $10,941
CALCON MUTUAL MORTGAGE LLC 2 5.25% $11,744
ENVOY MORTGAGE, LTD 2 5.94% $15,786
GENEVA FINANCIAL, LLC 2 5.88% $16,158
GREAT WESTERN FINANCIAL SERVICES, INC. 2 4.38% $8,668
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 2 5.31% $16,125
Lakeview Community Capital, LLC 2 3.68% $4,727
LAKEVIEW LOAN SERVICING, LLC 2 3.50% $6,363
Loan Simple, Inc. 2 5.69% $9,229
Magnolia Bank 2 6.38% $8,492
Prosperity Home Mortgage, LLC 2 5.87% $6,936
SWBC MORTGAGE CORPORATION 2 5.44% $8,591
Wells Fargo Bank 2 5.44% $9,038
MORIA DEVELOPMENT, INC. 1 6.50% $7,736
NATIONS DIRECT MORTGAGE, LLC 1 4.88% $11,109
LIBERTY HOME MORTGAGE CORPORATION 1 5.25% $5,779
HOMEBRIDGE FINANCIAL SERVICES, INC. 1 5.63% $10,489
First United Bank and Trust Company 1 5.63% $18,755
DSLD MORTGAGE, LLC 1 7.00% $4,688
NP, Inc. 1 5.38% $6,381
NTFN, INC. 1 4.63% $11,215
OCMBC, INC. 1 7.25% $13,055
DRAPER AND KRAMER MORTGAGE CORP. 1 6.25% $9,381
Pacific Lending LLC 1 7.25% $8,492
DELMAR FINANCIAL COMPANY 1 5.00% $7,502
DAS Acquisition Company, LLC 1 4.25% $11,366
Peoples Bank 1 5.62% $13,135
Plains Commerce Bank 1 6.00% $16,453
Commercial Bank of Texas 1 3.38% $12,065
PNC Bank 1 5.13% $7,334
Colonial Savings, F.A. 1 4.88% $9,554
BOKF 1 4.13% $9,069
ZILLOW HOME LOANS, LLC 1 4.50% $12,028
BETTER MORTGAGE CORPORATION 1 2.50% $6,121
RANLIFE, INC. 1 3.13% $11,807
Barrington Bank & Trust Company, N.A. 1 5.25% $10,109
S1L, Inc. 1 7.25% $7,054
Bank of England 1 5.25% $14,413
ASSOCIATED MORTGAGE CORPORATION 1 5.63% $10,266
SUN WEST MORTGAGE COMPANY, INC. 1 7.25% $11,466
AHL FUNDING 1 5.62% $12,249
ASPIRE FINANCIAL, INC. 1 3.50% $10,061
TEXAS DOW EMPLOYEES CREDIT UNION 1 5.00% $8,219
ARC HOME LLC 1 7.00% $19,797
TOWNE MORTGAGE COMPANY 1 4.99% $6,924
AmeriHome Mortgage Company, LLC 1 4.63% $3,284
UNION HOME MORTGAGE CORP. 1 4.25% $7,342
United Fidelity Funding Corp. 1 7.00% $18,519
AMERICA'S CHOICE HOME LOANS LP 1 4.63% $9,538
U.S. Bank 1 3.75% $4,636
AMERICAN FINANCING CORPORATION 1 4.25% $8,727
Wallick & Volk, Inc. 1 5.63% $11,174
MORTGAGE FINANCIAL SERVICES, LLC 1 5.62% $9,957
MORTGAGE SOLUTIONS OF COLORADO, LLC 1 5.25% $15,327
MOUNTAIN WEST FINANCIAL, INC. 1 4.75% $8,425

The top Beaumont FHA lender as defined by loan originations is GUILD MORTGAGE COMPANY, with 81 FHA loans originated. Their average total fees are $10,030, which is $1,453 higher than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

The lowest fee Beaumont FHA lenders (with over 10 loans originated) are PENNYMAC LOAN SERVICES, LLC ($5,171), EVERETT FINANCIAL, INC. ($6,242), MID AMERICA MORTGAGE, INC. ($7,649), Town Square Mortgage & Investments, Inc. ($7,963) and Flagstar Bank, FSB ($8,289).

The lowest rate Beaumont FHA lenders (with over 10 loans originated) are PENNYMAC LOAN SERVICES, LLC (3.65%), DHI MORTGAGE COMPANY, LTD. (4.18%), Citizens Bank (4.34%), QUICKEN LOANS, LLC (4.43%) and Flagstar Bank, FSB (4.51%).

Beaumont FHA Loan Limits

Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
BEAUMONT-PORT ARTHUR, TX HARDIN 2022 $420,680 $538,650 $651,050 $809,150
BEAUMONT-PORT ARTHUR, TX JEFFERSON 2022 $420,680 $538,650 $651,050 $809,150
BEAUMONT-PORT ARTHUR, TX ORANGE 2022 $420,680 $538,650 $651,050 $809,150
BEAUMONT-PORT ARTHUR, TX HARDIN 2023 $472,030 $604,400 $730,525 $907,900
BEAUMONT-PORT ARTHUR, TX JEFFERSON 2023 $472,030 $604,400 $730,525 $907,900
BEAUMONT-PORT ARTHUR, TX ORANGE 2023 $472,030 $604,400 $730,525 $907,900

Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Beaumont (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 $159,700 (-3.1%) $213,766 (1.7%) 0.59 982
2018-02-01 $157,975 (-6.7%) $219,818 (4.5%) 0.57 999
2018-03-01 $155,450 (-9.6%) $212,592 (-0.3%) 0.55 980
2018-04-01 $158,950 (-11.4%) $219,713 (-0.4%) 0.54 1,016
2018-05-01 $165,000 (-8.1%) $226,631 (1.8%) 0.55 1,063
2018-06-01 $172,500 (-3.7%) $229,262 (3.0%) 0.58 1,135
2018-07-01 $175,250 (0.2%) $230,567 (7.4%) 0.59 1,220
2018-08-01 $178,000 (1.8%) $230,130 (6.6%) 0.60 1,266
2018-09-01 $178,950 (5.3%) $226,911 (4.1%) 0.60 1,260
2018-10-01 $179,900 (7.5%) $225,164 (4.2%) 0.61 1,272
2018-11-01 $177,450 (10.9%) $223,695 (5.0%) 0.60 1,256
2018-12-01 $175,000 (9.4%) $226,253 (6.0%) 0.60 1,228
2019-01-01 $174,950 (9.6%) $228,919 (7.1%) 0.60 1,206
2019-02-01 $177,575 (12.4%) $229,363 (4.3%) 0.60 1,239
2019-03-01 $184,100 (18.4%) $230,864 (8.6%) 0.60 1,301
2019-04-01 $189,000 (18.9%) $232,657 (5.9%) 0.60 1,334
2019-05-01 $189,900 (15.1%) $233,908 (3.2%) 0.59 1,318
2019-06-01 $190,000 (10.1%) $234,131 (2.1%) 0.59 1,354
2019-07-01 $191,125 (9.1%) $231,792 (0.5%) 0.60 1,415
2019-08-01 $190,805 (7.2%) $230,221 (0.0%) 0.60 1,452
2019-09-01 $192,011 (7.3%) $231,395 (2.0%) 0.61 1,432
2019-10-01 $192,816 (7.2%) $231,163 (2.7%) 0.62 1,417
2019-11-01 $189,900 (7.0%) $228,733 (2.3%) 0.62 1,375
2019-12-01 $184,900 (5.7%) $228,476 (1.0%) 0.62 1,325
2020-01-01 $186,700 (6.7%) $231,137 (1.0%) 0.62 1,243
2020-02-01 $185,450 (4.4%) $231,234 (0.8%) 0.61 1,241
2020-03-01 $189,450 (2.9%) $235,791 (2.1%) 0.59 1,228
2020-04-01 $194,900 (3.1%) $237,796 (2.2%) 0.61 1,198
2020-05-01 $199,000 (4.8%) $243,387 (4.1%) 0.60 1,218
2020-06-01 $203,225 (7.0%) $246,804 (5.4%) 0.60 1,327
2020-07-01 $206,950 (8.3%) $247,738 (6.9%) 0.60 1,308
2020-08-01 $209,900 (10.0%) $250,778 (8.9%) 0.60 1,256
2020-09-01 $214,250 (11.6%) $250,463 (8.2%) 0.61 1,155
2020-10-01 $211,000 (9.4%) $249,754 (8.0%) 0.60 1,157
2020-11-01 $207,400 (9.2%) $248,099 (8.5%) 0.61 1,159
2020-12-01 $201,125 (8.8%) $249,829 (9.4%) 0.60 1,068
2021-01-01 $205,000 (9.8%) $251,129 (8.7%) 0.61 1,033
2021-02-01 $208,033 (12.2%) $250,026 (8.1%) 0.61 1,054
2021-03-01 $212,500 (12.2%) $255,782 (8.5%) 0.60 1,069
2021-04-01 $223,000 (14.4%) $261,407 (9.9%) 0.60 1,021
2021-05-01 $212,000 (6.5%) $256,624 (5.4%) 0.56 975
2021-06-01 $213,500 (5.1%) $257,389 (4.3%) 0.56 993
2021-07-01 $210,000 (1.5%) $255,974 (3.3%) 0.55 1,064
2021-08-01 $205,500 (-2.1%) $252,251 (0.6%) 0.55 1,131
2021-09-01 $210,000 (-2.0%) $259,837 (3.7%) 0.56 1,119
2021-10-01 $210,000 (-0.5%) $260,628 (4.4%) 0.56 1,126
2021-11-01 $214,900 (3.6%) $264,309 (6.5%) 0.57 1,113
2021-12-01 $210,000 (4.4%) $262,855 (5.2%) 0.57 1,055
2022-01-01 $215,000 (4.9%) $274,016 (9.1%) 0.58 1,015
2022-02-01 $219,995 (5.8%) $277,443 (11.0%) 0.57 1,002
2022-03-01 $229,450 (8.0%) $280,772 (9.8%) 0.57 1,007
2022-04-01 $239,000 (7.2%) $287,543 (10.0%) 0.57 1,002
2022-05-01 $238,200 (12.4%) $296,655 (15.6%) 0.54 1,046
2022-06-01 $239,800 (12.3%) $302,606 (17.6%) 0.53 1,125
2022-07-01 $230,000 (9.5%) $292,106 (14.1%) 0.52 1,294
2022-08-01 $222,150 (8.1%) $284,559 (12.8%) 0.51 1,353
2022-09-01 $219,675 (4.6%) $280,147 (7.8%) 0.51 1,405
2022-10-01 $225,000 (7.1%) $284,363 (9.1%) 0.53 1,437
2022-11-01 $228,900 (6.5%) $282,598 (6.9%) 0.55 1,475
2022-12-01 $230,000 (9.5%) $278,226 (5.9%) 0.57 1,360
2023-01-01 $234,700 (9.2%) $280,194 (2.3%) 0.58 1,332
2023-02-01 $232,500 (5.7%) $296,410 (6.8%) 0.56 1,365
2023-03-01 $239,450 (4.4%) $281,030 (0.1%) 0.56 1,385
2023-04-01 $245,000 (2.5%) $282,571 (-1.7%) 0.57 1,300
2023-05-01 $249,000 (4.5%) $290,315 (-2.1%) 0.56 1,319
2023-06-01 $250,000 (4.3%) $295,263 (-2.4%) 0.56 1,398
2023-07-01 $249,900 (8.7%) $291,552 (-0.2%) 0.57 1,471
2023-08-01 $240,000 (8.0%) $285,330 (0.3%) 0.55 1,475
2023-09-01 $240,000 (9.3%) $283,252 (1.1%) 0.56 1,502
2023-10-01 $240,000 (6.7%) $284,109 (-0.1%) 0.56 1,556
2023-11-01 $239,925 (4.8%) $285,914 (1.2%) 0.57 1,549
2023-12-01 $240,000 (4.4%) $284,420 (2.2%) 0.59 1,472
Beaumont's median listing price for 2023-12-01 was $240,000, a difference of $10,000 (4.4%) versus the prior year and $75 versus the prior month.

Beaumont's median listing price comes in at 59% of the national average.

Beaumont's average listing price for 2023-12-01 was $284,420, a difference of $6,194 (2.2%) versus the prior year and $-1,494 versus the prior month.

For the 2023-12-01 period, Beaumont had 1,472 MLS listings, a difference of -77 listings (-5%) versus the prior month and 112 listings (8%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Beaumont (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 62 days 2,048 sqft
2018-02-01 60 days 2,042 sqft
2018-03-01 53 days 2,023 sqft
2018-04-01 46 days 2,002 sqft
2018-05-01 44 days 1,997 sqft
2018-06-01 47 days 1,982 sqft
2018-07-01 51 days 1,983 sqft
2018-08-01 51 days 1,960 sqft
2018-09-01 56 days 1,962 sqft
2018-10-01 60 days 1,978 sqft
2018-11-01 64 days 1,960 sqft
2018-12-01 68 days 1,946 sqft
2019-01-01 71 days 1,954 sqft
2019-02-01 61 days 1,961 sqft
2019-03-01 50 days 1,981 sqft
2019-04-01 47 days 2,006 sqft
2019-05-01 55 days 2,008 sqft
2019-06-01 58 days 1,995 sqft
2019-07-01 54 days 1,995 sqft
2019-08-01 56 days 1,981 sqft
2019-09-01 59 days 1,979 sqft
2019-10-01 62 days 1,972 sqft
2019-11-01 66 days 1,963 sqft
2019-12-01 73 days 1,953 sqft
2020-01-01 81 days 1,956 sqft
2020-02-01 73 days 1,947 sqft
2020-03-01 57 days 1,960 sqft
2020-04-01 61 days 1,986 sqft
2020-05-01 68 days 1,986 sqft
2020-06-01 53 days 1,985 sqft
2020-07-01 50 days 1,981 sqft
2020-08-01 59 days 2,007 sqft
2020-09-01 72 days 2,006 sqft
2020-10-01 67 days 2,002 sqft
2020-11-01 59 days 1,968 sqft
2020-12-01 61 days 1,948 sqft
2021-01-01 64 days 1,951 sqft
2021-02-01 57 days 1,949 sqft
2021-03-01 53 days 1,965 sqft
2021-04-01 47 days 1,971 sqft
2021-05-01 50 days 1,916 sqft
2021-06-01 45 days 1,914 sqft
2021-07-01 40 days 1,872 sqft
2021-08-01 45 days 1,863 sqft
2021-09-01 50 days 1,903 sqft
2021-10-01 53 days 1,898 sqft
2021-11-01 52 days 1,900 sqft
2021-12-01 61 days 1,874 sqft
2022-01-01 61 days 1,881 sqft
2022-02-01 46 days 1,882 sqft
2022-03-01 43 days 1,883 sqft
2022-04-01 40 days 1,895 sqft
2022-05-01 39 days 1,881 sqft
2022-06-01 39 days 1,890 sqft
2022-07-01 44 days 1,876 sqft
2022-08-01 47 days 1,855 sqft
2022-09-01 58 days 1,842 sqft
2022-10-01 59 days 1,858 sqft
2022-11-01 60 days 1,898 sqft
2022-12-01 70 days 1,905 sqft
2023-01-01 78 days 1,929 sqft
2023-02-01 77 days 1,901 sqft
2023-03-01 63 days 1,911 sqft
2023-04-01 60 days 1,917 sqft
2023-05-01 54 days 1,946 sqft
2023-06-01 52 days 1,948 sqft
2023-07-01 52 days 1,917 sqft
2023-08-01 58 days 1,904 sqft
2023-09-01 59 days 1,896 sqft
2023-10-01 64 days 1,875 sqft
2023-11-01 70 days 1,881 sqft
2023-12-01 75 days 1,885 sqft
Beaumont's median listing age (time on market) for 2023-12-01 was 75 days. This is 7% longer than the same period one year ago.

Beaumont's median square footage for active listings during the 2023-12-01 period was 1,885 sqft. One year prior, the average listing was 1,905 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).