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 6.78% for the week of 2025-07-18, compared to the national average (all FHA variants) of 6.527% for the same period.

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

    The average rate for the prior week (2025-07-11) was 6.88% and one month ago for the week of 2025-06-13, the average rate was 6.53%.

    The average rate one year ago was 6.9%.

    For refis of the same type during the week of 2025-07-18, the average rate was 6.49%.

    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

    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).