Brownsville FHA Loan Rates, Closing Costs & Stats

BROWNSVILLE-HARLINGEN, TX

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    • 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.

    Brownsville's 78 lenders originated 1,083 FHA loans during 2024. The total origination value was $280,655,000, with an average FHA loan value of $259,146.

    Brownsville FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Brownsville averaged 0.35% for the week of 2025-07-04, compared to the national average (all FHA variants) of 0% for the same period.

    Brownsville's average FHA mortgage closing costs are $9,064.

    The average rate for the prior week (2025-06-27) was 6.44% and one month ago for the week of 2025-05-30, the average rate was 6.61%.

    The average rate one year ago was 6.64%.

    For refis of the same type during the week of 2025-07-04, the average rate was -0.23%.

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

    Brownsville 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 Brownsville level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    HALLMARK HOME MORTGAGE, LLC 107 6.48% $12,167
    SECURITYNATIONAL MORTGAGE COMPANY 87 6.65% $12,741
    DAS Acquisition Company, LLC 73 6.78% $13,302
    UNITED WHOLESALE MORTGAGE, LLC 49 6.27% $11,959
    ASCENT HOME LENDING, LLC 42 5.87% $14,472
    Flagstar Bank, FSB 40 5.75% $13,007
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 35 6.82% $11,723
    FREEDOM MORTGAGE CORPORATION 33 6.07% $12,589
    Paramount Residential Mortgage Group, Inc. 31 6.14% $12,916
    GUARANTEED RATE, INC. 31 6.60% $12,913
    QUICKEN LOANS, LLC 29 6.14% $10,762
    DIRECTIONS EQUITY, LLC 28 6.50% $6,965
    CROSSCOUNTRY MORTGAGE, LLC 24 6.56% $12,136
    SOUTHWEST FUNDING, LP 24 7.04% $11,740
    WILLOW BEND MORTGAGE COMPANY, LLC 20 6.39% $14,680
    NATIONS RELIABLE LENDING, LLC 18 6.25% $12,884
    MORTGAGE SOLUTIONS OF COLORADO, LLC 18 6.70% $11,798
    MORTGAGE FINANCIAL SERVICES, LLC 16 6.65% $11,921
    SUN WEST MORTGAGE COMPANY, INC. 16 6.53% $11,419
    AMERICAN PACIFIC MORTGAGE CORPORATION 15 6.41% $13,323
    MOVEMENT MORTGAGE, LLC 14 6.17% $15,903
    HOMESIDE FINANCIAL, LLC 14 6.47% $12,070
    CMG MORTGAGE, INC. 13 6.41% $14,932
    GENEVA FINANCIAL, LLC 12 6.76% $14,085
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 12 6.32% $13,289
    Nations Lending Corporation 11 6.94% $8,166
    BROKER SOLUTIONS, INC. 10 6.83% $13,423
    PENNYMAC LOAN SERVICES, LLC 10 5.85% $11,461
    GUILD MORTGAGE COMPANY 8 6.92% $11,109
    EUSTIS AND AMERICAN MORTGAGE COMPANY 8 6.62% $10,154
    Century Mortgage Company DBA Century Lending Company 7 5.66% $13,857
    Gateway First Bank 6 6.88% $9,800
    PRIMELENDING, A PLAINSCAPITAL COMPANY 6 6.71% $11,197
    Lone Star National Bank 5 5.88% $15,987
    Plains Commerce Bank 5 6.30% $11,517
    AmeriHome Mortgage Company, LLC 5 6.43% $6,769
    NEWREZ LLC 4 6.72% $8,832
    PLAZA HOME MORTGAGE, INC. 4 6.22% $8,274
    PLANET HOME LENDING, LLC 4 6.12% $6,766
    PRIMARY RESIDENTIAL MORTGAGE, INC. 4 6.41% $6,828
    JPMorgan Chase Bank 4 6.38% $10,870
    ZILLOW HOME LOANS, LLC 3 6.13% $17,264
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 3 6.67% $7,560
    CARDINAL FINANCIAL 3 6.54% $10,570
    Loan Simple, Inc. 3 6.88% $11,239
    UNION HOME MORTGAGE CORP. 3 6.67% $9,124
    Waterstone Mortgage Corporation 3 6.83% $17,112
    MID AMERICA MORTGAGE, INC. 2 8.13% $6,292
    Bank of America 2 6.19% $5,248
    PENTAGON FEDERAL CREDIT UNION 2 5.88% $12,905
    LEADERONE FINANCIAL CORPORATION 2 6.87% $13,613
    CALCON MUTUAL MORTGAGE LLC 2 6.94% $13,355
    AMERICAN FINANCIAL NETWORK, INC. 2 6.69% $11,879
    Wells Fargo Bank 2 6.13% $14,413
    AMERICAN PORTFOLIO MORTGAGE CORPORATION 2 7.13% $8,464
    Mortgage Research Center, LLC 2 7.19% $6,223
    COMMUNITY DEVELOPMENT CORP OF BROWNSVILLE 1 7.25% $7,771
    S1L, Inc. 1 7.13% $8,141
    SeaTrust Mortgage Company 1 5.88% $16,151
    MORTGAGE ACCESS CORP. 1 6.13% $13,157
    Barrington Bank & Trust Company, N.A. 1 7.25% $12,206
    SWBC MORTGAGE CORPORATION 1 7.38% $12,306
    The Loan Store, Inc. 1 7.63% $10,596
    TOTAL MORTGAGE SERVICES, LLC 1 5.63% $16,757
    UNITED MORTGAGE CORP 1 6.25% $7,483
    UNIVERSITY Federal Credit Union 1 6.00% $9,549
    VILLAGE CAPITAL MORTGAGE 1 7.75% $3,516
    V.I.P. MORTGAGE, INC. 1 6.25% $16,455
    NATIONS DIRECT MORTGAGE, LLC 1 6.75% $7,414
    CITY FIRST MORTGAGE SERVICES, L.L.C. 1 6.88% $10,539
    OCEANSIDE MORTGAGE COMPANY 1 5.63% $6,566
    INTERLINC MORTGAGE SERVICES, LLC 1 6.63% $4,990
    First United Bank and Trust Company 1 7.13% $7,924
    First Option Mortgage, LLC 1 7.75% $11,311
    First Federal Bank 1 6.63% $8,574
    PNC Bank 1 6.88% $7,853
    Equity Prime Mortgage LLC 1 6.63% $10,955
    CORNERSTONE HOME LENDING, INC. 1 6.13% $18,066

    The top Brownsville FHA lender as defined by loan originations is HALLMARK HOME MORTGAGE, LLC, with 107 FHA loans originated. Their average total fees are $12,167, which is $573 lower than the next largest lender, SECURITYNATIONAL MORTGAGE COMPANY.

    The lowest fee Brownsville FHA lenders (with over 10 loans originated) are DIRECTIONS EQUITY, LLC ($6,965), Nations Lending Corporation ($8,166), QUICKEN LOANS, LLC ($10,762), SUN WEST MORTGAGE COMPANY, INC. ($11,419) and PENNYMAC LOAN SERVICES, LLC ($11,461).

    The lowest rate Brownsville FHA lenders (with over 10 loans originated) are Flagstar Bank, FSB (5.75%), PENNYMAC LOAN SERVICES, LLC (5.85%), ASCENT HOME LENDING, LLC (5.87%), FREEDOM MORTGAGE CORPORATION (6.07%) and Paramount Residential Mortgage Group, Inc. (6.14%).

    Brownsville FHA Loan Limits

    Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
    BROWNSVILLE-HARLINGEN, TX CAMERON 2022 $420,680 $538,650 $651,050 $809,150
    BROWNSVILLE-HARLINGEN, TX CAMERON 2023 $472,030 $604,400 $730,525 $907,900

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Brownsville (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 $200,000 (2.6%) $282,802 (2.6%) 0.74 1,594
    2018-02-01 $203,725 (5.1%) $284,188 (2.7%) 0.74 1,609
    2018-03-01 $209,000 (6.4%) $294,612 (4.6%) 0.73 1,607
    2018-04-01 $209,950 (5.2%) $297,105 (4.4%) 0.71 1,566
    2018-05-01 $221,950 (8.3%) $303,947 (5.5%) 0.74 1,560
    2018-06-01 $225,000 (6.5%) $307,866 (3.8%) 0.75 1,602
    2018-07-01 $224,950 (7.1%) $306,965 (3.3%) 0.75 1,630
    2018-08-01 $220,975 (8.1%) $305,594 (4.6%) 0.74 1,636
    2018-09-01 $215,000 (7.6%) $302,299 (4.2%) 0.72 1,582
    2018-10-01 $218,174 (9.1%) $308,276 (6.7%) 0.74 1,558
    2018-11-01 $217,900 (6.7%) $305,311 (5.3%) 0.74 1,556
    2018-12-01 $215,000 (3.6%) $301,647 (4.2%) 0.74 1,521
    2019-01-01 $212,500 (6.3%) $298,967 (5.7%) 0.73 1,458
    2019-02-01 $214,675 (5.4%) $299,483 (5.4%) 0.73 1,472
    2019-03-01 $221,786 (6.1%) $303,218 (2.9%) 0.73 1,475
    2019-04-01 $224,900 (7.1%) $303,365 (2.1%) 0.71 1,487
    2019-05-01 $229,950 (3.6%) $308,294 (1.4%) 0.72 1,479
    2019-06-01 $229,900 (2.2%) $309,374 (0.5%) 0.72 1,493
    2019-07-01 $232,000 (3.1%) $317,994 (3.6%) 0.73 1,421
    2019-08-01 $232,818 (5.4%) $322,183 (5.4%) 0.74 1,403
    2019-09-01 $234,045 (8.9%) $326,980 (8.2%) 0.75 1,383
    2019-10-01 $237,000 (8.6%) $332,088 (7.7%) 0.76 1,356
    2019-11-01 $235,000 (7.9%) $326,843 (7.1%) 0.77 1,322
    2019-12-01 $230,000 (7.0%) $320,129 (6.1%) 0.77 1,325
    2020-01-01 $229,383 (7.9%) $318,980 (6.7%) 0.77 1,261
    2020-02-01 $230,000 (7.1%) $319,744 (6.8%) 0.75 1,271
    2020-03-01 $239,000 (7.8%) $326,854 (7.8%) 0.75 1,243
    2020-04-01 $239,000 (6.3%) $326,603 (7.7%) 0.75 1,217
    2020-05-01 $245,900 (6.9%) $365,176 (18.5%) 0.75 1,178
    2020-06-01 $250,000 (8.7%) $371,113 (20.0%) 0.74 1,017
    2020-07-01 $256,000 (10.3%) $375,911 (18.2%) 0.74 933
    2020-08-01 $249,000 (7.0%) $367,748 (14.1%) 0.71 873
    2020-09-01 $249,000 (6.4%) $373,373 (14.2%) 0.71 819
    2020-10-01 $249,900 (5.4%) $379,767 (14.4%) 0.72 761
    2020-11-01 $249,450 (6.2%) $383,033 (17.2%) 0.73 740
    2020-12-01 $249,949 (8.7%) $386,507 (20.7%) 0.74 713
    2021-01-01 $255,999 (11.6%) $395,026 (23.8%) 0.76 623
    2021-02-01 $260,000 (13.0%) $397,632 (24.4%) 0.76 566
    2021-03-01 $257,950 (7.9%) $403,939 (23.6%) 0.73 522
    2021-04-01 $260,000 (8.8%) $427,602 (30.9%) 0.70 445
    2021-05-01 $279,500 (13.7%) $467,976 (28.2%) 0.74 370
    2021-06-01 $278,000 (11.2%) $469,109 (26.4%) 0.73 353
    2021-07-01 $285,000 (11.3%) $472,651 (25.7%) 0.75 408
    2021-08-01 $286,600 (15.1%) $462,323 (25.7%) 0.76 439
    2021-09-01 $292,000 (17.3%) $463,792 (24.2%) 0.78 464
    2021-10-01 $282,500 (13.1%) $470,175 (23.8%) 0.75 465
    2021-11-01 $294,750 (18.2%) $478,704 (25.0%) 0.79 457
    2021-12-01 $296,000 (18.4%) $491,233 (27.1%) 0.80 452
    2022-01-01 $299,950 (17.2%) $519,096 (31.4%) 0.81 408
    2022-02-01 $304,975 (17.3%) $520,426 (30.9%) 0.79 405
    2022-03-01 $321,000 (24.4%) $523,280 (29.5%) 0.80 405
    2022-04-01 $325,000 (25.0%) $521,244 (21.9%) 0.77 427
    2022-05-01 $323,348 (15.7%) $487,061 (4.1%) 0.74 462
    2022-06-01 $339,475 (22.1%) $469,147 (0.0%) 0.76 544
    2022-07-01 $325,000 (14.0%) $463,121 (-2.0%) 0.73 613
    2022-08-01 $325,000 (13.4%) $456,110 (-1.3%) 0.75 686
    2022-09-01 $328,375 (12.5%) $449,899 (-3.0%) 0.77 714
    2022-10-01 $321,000 (13.6%) $428,511 (-8.9%) 0.76 821
    2022-11-01 $323,000 (9.6%) $425,359 (-11.1%) 0.78 868
    2022-12-01 $320,000 (8.1%) $421,106 (-14.3%) 0.79 863
    2023-01-01 $317,475 (5.8%) $419,735 (-19.1%) 0.79 864
    2023-02-01 $319,000 (4.6%) $419,299 (-19.4%) 0.77 882
    2023-03-01 $319,000 (-0.6%) $418,580 (-20.0%) 0.75 863
    2023-04-01 $324,500 (-0.2%) $428,276 (-17.8%) 0.75 828
    2023-05-01 $325,000 (0.5%) $434,061 (-10.9%) 0.74 824
    2023-06-01 $330,000 (-2.8%) $452,308 (-3.6%) 0.74 857
    2023-07-01 $330,000 (1.5%) $450,929 (-2.6%) 0.75 903
    2023-08-01 $325,000 (0.0%) $444,890 (-2.5%) 0.75 955
    2023-09-01 $319,000 (-2.9%) $424,352 (-5.7%) 0.74 999
    2023-10-01 $319,450 (-0.5%) $417,748 (-2.5%) 0.75 1,069
    2023-11-01 $311,250 (-3.6%) $407,704 (-4.2%) 0.74 1,155
    2023-12-01 $305,000 (-4.7%) $398,248 (-5.4%) 0.74 1,232
    2024-01-01 $307,850 (-3.0%) $402,184 (-4.2%) 0.75 1,215
    2024-02-01 $304,900 (-4.4%) $397,136 (-5.3%) 0.73 1,272
    2024-03-01 $308,000 (-3.5%) $407,178 (-2.7%) 0.72 1,309
    2024-04-01 $315,000 (-2.9%) $411,069 (-4.0%) 0.73 1,370
    2024-05-01 $317,000 (-2.5%) $410,289 (-5.5%) 0.72 1,392
    2024-06-01 $315,000 (-4.6%) $402,263 (-11.1%) 0.72 1,473
    2024-07-01 $312,500 (-5.3%) $394,809 (-12.5%) 0.71 1,506
    2024-08-01 $309,900 (-4.7%) $396,231 (-10.9%) 0.72 1,546
    2024-09-01 $306,000 (-4.1%) $396,999 (-6.5%) 0.72 1,583
    2024-10-01 $299,999 (-6.1%) $392,804 (-6.0%) 0.71 1,676
    2024-11-01 $299,000 (-3.9%) $387,877 (-4.9%) 0.72 1,752
    2024-12-01 $299,950 (-1.7%) $389,366 (-2.2%) 0.75 1,688
    2025-01-01 $305,750 (-0.7%) $391,427 (-2.7%) 0.76 1,621
    2025-02-01 $305,000 (0.0%) $392,414 (-1.2%) 0.74 1,659
    2025-03-01 $310,000 (0.7%) $393,183 (-3.4%) 0.73 1,732
    2025-04-01 $314,725 (-0.1%) $400,014 (-2.7%) 0.73 1,741
    2025-05-01 $315,000 (-0.6%) $405,402 (-1.2%) 0.72 1,744
    Brownsville's median listing price for 2025-05-01 was $315,000, a difference of $-2,000 (-0.6%) versus the prior year and $275 versus the prior month.

    Brownsville's median listing price comes in at 72% of the national average.

    Brownsville's average listing price for 2025-05-01 was $405,402, a difference of $-4,887 (-1.2%) versus the prior year and $5,388 versus the prior month.

    For the 2025-05-01 period, Brownsville had 1,744 MLS listings, a difference of 3 listings (0%) versus the prior month and 352 listings (25%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Brownsville (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 110 days 1,649 sqft
    2018-02-01 110 days 1,642 sqft
    2018-03-01 109 days 1,650 sqft
    2018-04-01 95 days 1,665 sqft
    2018-05-01 89 days 1,675 sqft
    2018-06-01 89 days 1,700 sqft
    2018-07-01 91 days 1,708 sqft
    2018-08-01 94 days 1,694 sqft
    2018-09-01 101 days 1,694 sqft
    2018-10-01 107 days 1,709 sqft
    2018-11-01 109 days 1,708 sqft
    2018-12-01 115 days 1,706 sqft
    2019-01-01 110 days 1,688 sqft
    2019-02-01 102 days 1,670 sqft
    2019-03-01 96 days 1,659 sqft
    2019-04-01 92 days 1,650 sqft
    2019-05-01 89 days 1,664 sqft
    2019-06-01 82 days 1,692 sqft
    2019-07-01 93 days 1,687 sqft
    2019-08-01 95 days 1,685 sqft
    2019-09-01 98 days 1,694 sqft
    2019-10-01 97 days 1,706 sqft
    2019-11-01 94 days 1,695 sqft
    2019-12-01 96 days 1,701 sqft
    2020-01-01 96 days 1,688 sqft
    2020-02-01 95 days 1,734 sqft
    2020-03-01 77 days 1,755 sqft
    2020-04-01 87 days 1,728 sqft
    2020-05-01 96 days 1,738 sqft
    2020-06-01 100 days 1,783 sqft
    2020-07-01 79 days 1,781 sqft
    2020-08-01 81 days 1,761 sqft
    2020-09-01 76 days 1,792 sqft
    2020-10-01 81 days 1,800 sqft
    2020-11-01 83 days 1,825 sqft
    2020-12-01 81 days 1,800 sqft
    2021-01-01 89 days 1,848 sqft
    2021-02-01 77 days 1,830 sqft
    2021-03-01 68 days 1,886 sqft
    2021-04-01 48 days 1,916 sqft
    2021-05-01 44 days 1,945 sqft
    2021-06-01 41 days 1,907 sqft
    2021-07-01 37 days 1,886 sqft
    2021-08-01 46 days 1,883 sqft
    2021-09-01 46 days 1,918 sqft
    2021-10-01 51 days 1,871 sqft
    2021-11-01 50 days 1,858 sqft
    2021-12-01 55 days 1,856 sqft
    2022-01-01 63 days 1,943 sqft
    2022-02-01 46 days 1,883 sqft
    2022-03-01 45 days 1,881 sqft
    2022-04-01 40 days 1,843 sqft
    2022-05-01 41 days 1,800 sqft
    2022-06-01 38 days 1,849 sqft
    2022-07-01 44 days 1,808 sqft
    2022-08-01 47 days 1,793 sqft
    2022-09-01 58 days 1,799 sqft
    2022-10-01 58 days 1,820 sqft
    2022-11-01 62 days 1,824 sqft
    2022-12-01 72 days 1,813 sqft
    2023-01-01 78 days 1,806 sqft
    2023-02-01 71 days 1,801 sqft
    2023-03-01 63 days 1,818 sqft
    2023-04-01 66 days 1,833 sqft
    2023-05-01 66 days 1,789 sqft
    2023-06-01 56 days 1,801 sqft
    2023-07-01 60 days 1,800 sqft
    2023-08-01 66 days 1,777 sqft
    2023-09-01 65 days 1,747 sqft
    2023-10-01 66 days 1,758 sqft
    2023-11-01 66 days 1,750 sqft
    2023-12-01 67 days 1,710 sqft
    2024-01-01 79 days 1,713 sqft
    2024-02-01 79 days 1,701 sqft
    2024-03-01 69 days 1,701 sqft
    2024-04-01 67 days 1,697 sqft
    2024-05-01 71 days 1,693 sqft
    2024-06-01 74 days 1,699 sqft
    2024-07-01 78 days 1,691 sqft
    2024-08-01 77 days 1,664 sqft
    2024-09-01 78 days 1,643 sqft
    2024-10-01 83 days 1,627 sqft
    2024-11-01 92 days 1,620 sqft
    2024-12-01 90 days 1,623 sqft
    2025-01-01 94 days 1,648 sqft
    2025-02-01 89 days 1,664 sqft
    2025-03-01 78 days 1,666 sqft
    2025-04-01 76 days 1,650 sqft
    2025-05-01 79 days 1,644 sqft
    Brownsville's median listing age (time on market) for 2025-05-01 was 79 days. This is 11% longer than the same period one year ago.

    Brownsville's median square footage for active listings during the 2025-05-01 period was 1,644 sqft. One year prior, the average listing was 1,693 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).