Brownwood FHA Loan Rates, Closing Costs & Stats

Brownwood, 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.

    Brownwood's 24 lenders originated 63 FHA loans during 2024. The total origination value was $13,645,000, with an average FHA loan value of $216,587.

    Brownwood FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Brownwood averaged 6.58% for the week of 2025-04-04, compared to the national average (all FHA variants) of 6.259% for the same period.

    Brownwood's average FHA mortgage closing costs are $7,945.

    The average rate for the prior week (2025-03-28) was 6.78% and one month ago for the week of 2025-02-28, the average rate was 6.77%.

    The average rate one year ago was 6.98%.

    For refis of the same type during the week of 2025-04-04, the average rate was 6.26%.

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

    Brownwood 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 Brownwood level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    QUICKEN LOANS, LLC 7 6.57% $12,033
    GUILD MORTGAGE COMPANY 6 6.77% $11,776
    American Mortgage Bank, LLC 5 6.05% $9,852
    UNITED WHOLESALE MORTGAGE, LLC 4 6.34% $10,322
    Paramount Residential Mortgage Group, Inc. 4 6.44% $9,106
    BROKER SOLUTIONS, INC. 3 6.50% $11,044
    Equity Prime Mortgage LLC 3 7.67% $11,352
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 6.94% $6,829
    FREEDOM MORTGAGE CORPORATION 1 6.63% $4,080
    CARDINAL FINANCIAL 1 7.25% $8,142
    HOMESIDE FINANCIAL, LLC 1 6.99% $9,775
    Lakeview Community Capital, LLC 1 6.75% $7,094
    LAKEVIEW LOAN SERVICING, LLC 1 6.25% $5,272
    LOANPEOPLE, LLC 1 6.63% $12,108
    PACIFIC RESIDENTIAL MORTGAGE, LLC 1 6.13% $16,018
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 6.38% $12,770
    PLANET HOME LENDING, LLC 1 5.99% $4,985
    SECURITYNATIONAL MORTGAGE COMPANY 1 5.99% $7,911
    T2 FINANCIAL LLC 1 7.63% $9,305
    TIB The Independent Bankersbank 1 6.75% $8,314
    DAS Acquisition Company, LLC 1 6.75% $11,823
    CROSSCOUNTRY MORTGAGE, LLC 1 7.13% $9,843
    DIAMOND RESIDENTIAL MORTGAGE CORPORATION 1 7.25% $18,338
    Flagstar Bank, FSB 1 6.88% $9,415

    The top Brownwood FHA lender as defined by loan originations is QUICKEN LOANS, LLC, with 7 FHA loans originated. Their average total fees are $12,033, which is $257 higher than the next largest lender, GUILD MORTGAGE COMPANY.

    The lowest fee Brownwood FHA lenders (with over 10 loans originated) are .

    The lowest rate Brownwood FHA lenders (with over 10 loans originated) are .

    Brownwood FHA Loan Limits

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

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Brownwood (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 $132,500 (-7.5%) $196,104 (-6.4%) 0.00 193
    2018-02-01 $132,375 (-4.4%) $192,212 (-14.8%) 0.00 186
    2018-03-01 $135,000 (-5.9%) $201,315 (-11.3%) 0.00 186
    2018-04-01 $154,225 (6.4%) $211,910 (-6.8%) 0.00 196
    2018-05-01 $160,725 (7.2%) $233,399 (2.5%) 0.00 197
    2018-06-01 $159,900 (8.3%) $224,853 (-0.9%) 0.00 201
    2018-07-01 $161,750 (8.7%) $227,687 (2.3%) 0.00 190
    2018-08-01 $159,900 (8.5%) $221,910 (4.1%) 0.00 193
    2018-09-01 $159,900 (0.0%) $214,905 (-4.5%) 0.00 194
    2018-10-01 $145,000 (-1.3%) $206,295 (-4.8%) 0.00 177
    2018-11-01 $146,425 (6.1%) $203,299 (-4.3%) 0.00 182
    2018-12-01 $139,900 (2.5%) $195,411 (0.3%) 0.00 190
    2019-01-01 $136,325 (2.9%) $185,974 (-5.2%) 0.00 184
    2019-02-01 $134,988 (2.0%) $182,625 (-5.0%) 0.00 183
    2019-03-01 $141,257 (4.6%) $193,096 (-4.1%) 0.00 181
    2019-04-01 $148,645 (-3.6%) $211,379 (-0.3%) 0.00 178
    2019-05-01 $136,125 (-15.3%) $210,820 (-9.7%) 0.00 185
    2019-06-01 $139,000 (-13.1%) $207,506 (-7.7%) 0.00 188
    2019-07-01 $136,150 (-15.8%) $208,212 (-8.6%) 0.00 187
    2019-08-01 $147,727 (-7.6%) $218,668 (-1.5%) 0.00 178
    2019-09-01 $151,818 (-5.1%) $230,697 (7.4%) 0.00 170
    2019-10-01 $161,000 (11.0%) $248,837 (20.6%) 0.00 154
    2019-11-01 $164,950 (12.7%) $260,337 (28.1%) 0.00 143
    2019-12-01 $164,300 (17.4%) $256,477 (31.3%) 0.00 138
    2020-01-01 $151,800 (11.4%) $254,944 (37.1%) 0.00 125
    2020-02-01 $140,000 (3.7%) $256,305 (40.3%) 0.00 120
    2020-03-01 $147,450 (4.4%) $244,870 (26.8%) 0.00 123
    2020-04-01 $145,750 (-2.0%) $232,931 (10.2%) 0.00 138
    2020-05-01 $148,500 (9.1%) $230,340 (9.3%) 0.00 136
    2020-06-01 $159,225 (14.6%) $245,297 (18.2%) 0.00 123
    2020-07-01 $149,450 (9.8%) $245,346 (17.8%) 0.00 122
    2020-08-01 $153,450 (3.9%) $277,824 (27.1%) 0.00 105
    2020-09-01 $151,000 (-0.5%) $291,257 (26.3%) 0.00 104
    2020-10-01 $149,450 (-7.2%) $310,375 (24.7%) 0.00 103
    2020-11-01 $149,425 (-9.4%) $296,523 (13.9%) 0.00 103
    2020-12-01 $157,500 (-4.1%) $299,608 (16.8%) 0.00 93
    2021-01-01 $149,250 (-1.7%) $293,197 (15.0%) 0.00 78
    2021-02-01 $224,500 (60.4%) $350,594 (36.8%) 0.00 67
    2021-03-01 $210,500 (42.8%) $350,692 (43.2%) 0.00 57
    2021-04-01 $219,125 (50.3%) $384,847 (65.2%) 0.00 59
    2021-05-01 $227,000 (52.9%) $400,806 (74.0%) 0.00 63
    2021-06-01 $225,625 (41.7%) $369,499 (50.6%) 0.00 74
    2021-07-01 $227,000 (51.9%) $340,488 (38.8%) 0.00 86
    2021-08-01 $242,900 (58.3%) $324,705 (16.9%) 0.00 72
    2021-09-01 $233,625 (54.7%) $367,993 (26.4%) 0.00 64
    2021-10-01 $250,000 (67.3%) $367,923 (18.5%) 0.00 73
    2021-11-01 $222,975 (49.2%) $322,816 (8.9%) 0.00 76
    2021-12-01 $193,000 (22.5%) $293,663 (-2.0%) 0.00 75
    2022-01-01 $184,750 (23.8%) $291,923 (-0.4%) 0.00 65
    2022-02-01 $172,575 (-23.1%) $267,711 (-23.6%) 0.00 60
    2022-03-01 $199,250 (-5.3%) $254,093 (-27.6%) 0.00 52
    2022-04-01 $190,000 (-13.3%) $258,002 (-33.0%) 0.00 47
    2022-05-01 $196,888 (-13.3%) $272,516 (-32.0%) 0.00 51
    2022-06-01 $223,725 (-0.8%) $330,629 (-10.5%) 0.00 74
    2022-07-01 $264,900 (16.7%) $360,268 (5.8%) 0.00 88
    2022-08-01 $288,000 (18.6%) $363,013 (11.8%) 0.00 105
    2022-09-01 $314,900 (34.8%) $377,866 (2.7%) 0.00 96
    2022-10-01 $300,000 (20.0%) $400,224 (8.8%) 0.00 105
    2022-11-01 $280,000 (25.6%) $375,919 (16.5%) 0.00 118
    2022-12-01 $281,450 (45.8%) $374,461 (27.5%) 0.00 118
    2023-01-01 $292,625 (58.4%) $359,653 (23.2%) 0.00 117
    2023-02-01 $255,249 (47.9%) $348,129 (30.0%) 0.00 119
    2023-03-01 $269,499 (35.3%) $338,274 (33.1%) 0.00 121
    2023-04-01 $265,000 (39.5%) $322,338 (24.9%) 0.00 122
    2023-05-01 $269,025 (36.6%) $347,072 (27.4%) 0.00 127
    2023-06-01 $256,000 (14.4%) $359,335 (8.7%) 0.00 137
    2023-07-01 $249,450 (-5.8%) $341,643 (-5.2%) 0.00 153
    2023-08-01 $239,500 (-16.8%) $357,392 (-1.6%) 0.00 142
    2023-09-01 $259,000 (-17.8%) $354,754 (-6.1%) 0.00 143
    2023-10-01 $249,765 (-16.7%) $357,864 (-10.6%) 0.00 147
    2023-11-01 $260,000 (-7.1%) $366,994 (-2.4%) 0.00 148
    2023-12-01 $250,000 (-11.2%) $344,823 (-7.9%) 0.00 141
    2024-01-01 $249,950 (-14.6%) $365,263 (1.6%) 0.00 137
    2024-02-01 $249,900 (-2.1%) $345,392 (-0.8%) 0.00 153
    2024-03-01 $249,950 (-7.3%) $363,341 (7.4%) 0.00 156
    2024-04-01 $242,200 (-8.6%) $353,798 (9.8%) 0.00 174
    2024-05-01 $263,825 (-1.9%) $363,308 (4.7%) 0.00 185
    2024-06-01 $270,000 (5.5%) $366,801 (2.1%) 0.00 184
    2024-07-01 $254,725 (2.1%) $356,674 (4.4%) 0.00 191
    2024-08-01 $249,950 (4.4%) $374,047 (4.7%) 0.00 171
    2024-09-01 $275,100 (6.2%) $399,579 (12.6%) 0.00 171
    2024-10-01 $259,800 (4.0%) $397,851 (11.2%) 0.00 165
    2024-11-01 $249,000 (-4.2%) $403,143 (9.9%) 0.00 166
    2024-12-01 $259,825 (3.9%) $412,853 (19.7%) 0.00 150
    2025-01-01 $240,550 (-3.8%) $388,606 (6.4%) 0.00 147
    2025-02-01 $231,225 (-7.5%) $376,051 (8.9%) 0.00 152
    2025-03-01 $240,000 (-4.0%) $366,484 (0.9%) 0.00 156
    Brownwood's median listing price for 2025-03-01 was $240,000, a difference of $-9,950 (-4.0%) versus the prior year and $8,775 versus the prior month.

    Brownwood's median listing price comes in at 0% of the national average.

    Brownwood's average listing price for 2025-03-01 was $366,484, a difference of $3,143 (0.9%) versus the prior year and $-9,567 versus the prior month.

    For the 2025-03-01 period, Brownwood had 156 MLS listings, a difference of 4 listings (3%) versus the prior month and 0 listings (0%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Brownwood (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,595 sqft
    2018-02-01 0 days 1,608 sqft
    2018-03-01 0 days 1,669 sqft
    2018-04-01 0 days 1,718 sqft
    2018-05-01 0 days 1,717 sqft
    2018-06-01 0 days 1,754 sqft
    2018-07-01 0 days 1,801 sqft
    2018-08-01 0 days 1,797 sqft
    2018-09-01 0 days 1,755 sqft
    2018-10-01 0 days 1,671 sqft
    2018-11-01 0 days 1,686 sqft
    2018-12-01 0 days 1,680 sqft
    2019-01-01 0 days 1,627 sqft
    2019-02-01 0 days 1,650 sqft
    2019-03-01 0 days 1,595 sqft
    2019-04-01 0 days 1,618 sqft
    2019-05-01 0 days 1,527 sqft
    2019-06-01 0 days 1,540 sqft
    2019-07-01 0 days 1,575 sqft
    2019-08-01 0 days 1,598 sqft
    2019-09-01 0 days 1,603 sqft
    2019-10-01 0 days 1,628 sqft
    2019-11-01 0 days 1,689 sqft
    2019-12-01 0 days 1,671 sqft
    2020-01-01 0 days 1,589 sqft
    2020-02-01 0 days 1,525 sqft
    2020-03-01 0 days 1,595 sqft
    2020-04-01 0 days 1,556 sqft
    2020-05-01 0 days 1,620 sqft
    2020-06-01 0 days 1,666 sqft
    2020-07-01 0 days 1,631 sqft
    2020-08-01 0 days 1,623 sqft
    2020-09-01 0 days 1,621 sqft
    2020-10-01 0 days 1,648 sqft
    2020-11-01 0 days 1,649 sqft
    2020-12-01 0 days 1,727 sqft
    2021-01-01 0 days 1,626 sqft
    2021-02-01 0 days 1,703 sqft
    2021-03-01 0 days 1,652 sqft
    2021-04-01 0 days 1,664 sqft
    2021-05-01 0 days 1,861 sqft
    2021-06-01 0 days 1,747 sqft
    2021-07-01 0 days 1,766 sqft
    2021-08-01 0 days 1,755 sqft
    2021-09-01 0 days 1,732 sqft
    2021-10-01 0 days 1,744 sqft
    2021-11-01 0 days 1,811 sqft
    2021-12-01 0 days 1,693 sqft
    2022-01-01 0 days 1,607 sqft
    2022-02-01 0 days 1,521 sqft
    2022-03-01 0 days 1,617 sqft
    2022-04-01 0 days 1,568 sqft
    2022-05-01 0 days 1,629 sqft
    2022-06-01 0 days 1,715 sqft
    2022-07-01 0 days 1,776 sqft
    2022-08-01 0 days 1,804 sqft
    2022-09-01 0 days 1,926 sqft
    2022-10-01 0 days 1,910 sqft
    2022-11-01 0 days 1,881 sqft
    2022-12-01 0 days 1,860 sqft
    2023-01-01 0 days 1,818 sqft
    2023-02-01 0 days 1,773 sqft
    2023-03-01 0 days 1,783 sqft
    2023-04-01 0 days 1,740 sqft
    2023-05-01 0 days 1,792 sqft
    2023-06-01 0 days 1,793 sqft
    2023-07-01 0 days 1,792 sqft
    2023-08-01 0 days 1,761 sqft
    2023-09-01 0 days 1,750 sqft
    2023-10-01 0 days 1,665 sqft
    2023-11-01 0 days 1,690 sqft
    2023-12-01 0 days 1,709 sqft
    2024-01-01 0 days 1,724 sqft
    2024-02-01 0 days 1,693 sqft
    2024-03-01 0 days 1,712 sqft
    2024-04-01 0 days 1,710 sqft
    2024-05-01 0 days 1,714 sqft
    2024-06-01 0 days 1,724 sqft
    2024-07-01 0 days 1,720 sqft
    2024-08-01 0 days 1,709 sqft
    2024-09-01 0 days 1,744 sqft
    2024-10-01 0 days 1,728 sqft
    2024-11-01 0 days 1,724 sqft
    2024-12-01 0 days 1,698 sqft
    2025-01-01 0 days 1,641 sqft
    2025-02-01 0 days 1,592 sqft
    2025-03-01 0 days 1,603 sqft
    Brownwood's median listing age (time on market) for 2025-03-01 was 0 days.

    Brownwood's median square footage for active listings during the 2025-03-01 period was 1,603 sqft. One year prior, the average listing was 1,712 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).