College Station FHA Loan Rates, Closing Costs & Stats

COLLEGE STATION-BRYAN, 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.

College Station's 80 lenders originated 488 FHA loans during 2023. The total origination value was $132,700,000, with an average FHA loan value of $271,926.

College Station FHA Loans, 30 Year Fixed Rates

30 Year FHA mortgages in College Station averaged 6.34% for the week of 2024-06-07, compared to the national average (all FHA variants) of 6.692% for the same period.

College Station's average FHA mortgage closing costs are $8,157.

The average rate for the prior week (2024-05-31) was 6.52% and one month ago for the week of 2024-05-03, the average rate was 6.72%.

The average rate one year ago was 6.39%.

For refis of the same type during the week of 2024-06-07, the average rate was 6.8%.

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

College Station 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 College Station level.

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
DHI MORTGAGE COMPANY, LTD. 82 5.59% $8,706
UNITED WHOLESALE MORTGAGE, LLC 39 6.48% $12,807
CORNERSTONE HOME LENDING, INC. 33 6.84% $11,925
ARK-LA-TEX FINANCIAL SERVICES, LLC. 28 5.83% $7,220
NEW FED MORTGAGE, CORP. 22 6.64% $13,173
INSPIRE HOME LOANS INC. 17 5.26% $9,592
PILGRIM MORTGAGE LLC 17 6.45% $14,277
QUICKEN LOANS, LLC 13 6.44% $11,874
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 13 6.85% $9,971
Flagstar Bank, FSB 13 6.61% $12,927
Sunflower Bank 11 6.07% $13,431
City Bank 9 6.44% $10,364
Wallick & Volk, Inc. 9 6.76% $9,846
CMG MORTGAGE, INC. 8 6.03% $16,356
CARDINAL FINANCIAL 7 6.96% $11,890
First Financial Bank 7 6.55% $11,027
BROKER SOLUTIONS, INC. 7 6.63% $12,299
JPMorgan Chase Bank 6 5.92% $6,223
MOVEMENT MORTGAGE, LLC 6 6.73% $9,835
AMCAP MORTGAGE, LTD. 5 7.18% $13,780
TruHome Solutions, LLC 4 6.31% $13,799
CROSSCOUNTRY MORTGAGE, LLC 4 6.88% $13,317
LOANDEPOT.COM, LLC 4 7.12% $11,947
GARDNER FINANCIAL SERVICES, LTD. 4 6.19% $16,277
Guaranty Bank & Trust, N.A. 4 6.94% $10,573
CHURCHILL MORTGAGE CORPORATION 4 6.41% $14,113
Equity Prime Mortgage LLC 3 7.00% $13,045
Mortgage Research Center, LLC 3 7.04% $7,970
RESIDENTIAL BANCORP 3 6.71% $19,041
SECURITYNATIONAL MORTGAGE COMPANY 3 7.33% $13,998
SOUTHWEST STAGE FUNDING, LLC 3 6.50% $8,768
GUILD MORTGAGE COMPANY 3 6.29% $16,075
SWBC MORTGAGE CORPORATION 2 6.69% $8,608
SFMC, LP 2 6.75% $17,960
CALCON MUTUAL MORTGAGE LLC 2 6.50% $16,313
Prosperity Bank 2 6.50% $9,145
Loan Simple, Inc. 2 6.69% $19,302
First National Bank Texas 2 7.18% $13,822
PLAZA HOME MORTGAGE, INC. 2 5.93% $10,196
Paramount Residential Mortgage Group, Inc. 2 7.63% $14,929
Extraco Banks 2 6.31% $8,369
HOMETRUST MORTGAGE COMPANY 2 6.56% $10,543
EVERETT FINANCIAL, INC. 2 6.88% $15,933
NEWREZ LLC 2 6.25% $9,954
T2 FINANCIAL LLC 2 7.44% $11,284
ZILLOW HOME LOANS, LLC 1 6.00% $15,630
Amarillo National Bank 1 7.00% $9,387
AMERICAN FINANCIAL RESOURCES, INC. 1 6.75% $10,637
AMERICAN HOMESTAR MORTGAGE, L.L.C. 1 6.50% $12,277
American Momentum Bank 1 6.75% $7,860
American National Bank & Trust 1 7.13% $8,862
AMERISAVE MORTGAGE CORPORATION 1 6.13% $11,061
CANOPY MORTGAGE, LLC 1 6.75% $14,255
Centennial Bank 1 7.13% $9,662
Century Mortgage Company DBA Century Lending Company 1 6.75% $14,491
Chickasaw Community Bank 1 6.75% $15,922
EUSTIS AND AMERICAN MORTGAGE COMPANY 1 6.75% $7,226
First Savings Bank 1 6.25% $14,098
FREEDOM MORTGAGE CORPORATION 1 6.75% $14,798
GENEVA FINANCIAL, LLC 1 7.50% $15,889
GUARANTEED RATE AFFINITY, LLC 1 6.25% $10,233
Hamilton Mortgage Corporation 1 7.13% $15,241
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 1 5.63% $9,648
HOMESIDE FINANCIAL, LLC 1 6.63% $11,622
Hometown Equity Mortgage, LLC 1 6.75% $13,554
LEGEND LENDING CORPORATION 1 6.75% $17,417
MID AMERICA MORTGAGE, INC. 1 6.75% $30,584
Mr. Cooper ( Nationstar Mortgage ) 1 6.75% $10,461
Network Funding, L.P. 1 7.13% $20,425
North American Savings Bank, F.S.B. 1 6.88% $6,835
NOVA FINANCIAL & INVESTMENT CORPORATION 1 7.13% $7,089
OPEN MORTGAGE, LLC 1 8.38% $8,987
PENNYMAC LOAN SERVICES, LLC 1 6.75% $15,585
PRIMARY RESIDENTIAL MORTGAGE, INC. 1 7.75% $11,053
PRIMELENDING, A PLAINSCAPITAL COMPANY 1 7.75% $9,420
SUCCESS MORTGAGE PARTNERS, INC. 1 5.50% $11,066
SUN WEST MORTGAGE COMPANY, INC. 1 6.99% $9,050
The Federal Savings Bank 1 6.25% $19,397
VILLAGE CAPITAL MORTGAGE 1 6.25% $11,554
ADVISA MORTGAGE SERVICES, LTD. 1 5.88% $6,586

The top College Station FHA lender as defined by loan originations is DHI MORTGAGE COMPANY, LTD., with 82 FHA loans originated. Their average total fees are $8,706, which is $4,101 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

The lowest fee College Station FHA lenders (with over 10 loans originated) are ARK-LA-TEX FINANCIAL SERVICES, LLC. ($7,220), DHI MORTGAGE COMPANY, LTD. ($8,706), INSPIRE HOME LOANS INC. ($9,592), FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($9,971) and QUICKEN LOANS, LLC ($11,874).

The lowest rate College Station FHA lenders (with over 10 loans originated) are INSPIRE HOME LOANS INC. (5.26%), DHI MORTGAGE COMPANY, LTD. (5.59%), ARK-LA-TEX FINANCIAL SERVICES, LLC. (5.83%), Sunflower Bank (6.07%) and QUICKEN LOANS, LLC (6.44%).

College Station FHA Loan Limits

Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
COLLEGE STATION-BRYAN, TX BRAZOS 2022 $420,680 $538,650 $651,050 $809,150
COLLEGE STATION-BRYAN, TX BURLESON 2022 $420,680 $538,650 $651,050 $809,150
COLLEGE STATION-BRYAN, TX ROBERTSON 2022 $420,680 $538,650 $651,050 $809,150
COLLEGE STATION-BRYAN, TX BRAZOS 2023 $472,030 $604,400 $730,525 $907,900
COLLEGE STATION-BRYAN, TX BURLESON 2023 $472,030 $604,400 $730,525 $907,900
COLLEGE STATION-BRYAN, TX ROBERTSON 2023 $472,030 $604,400 $730,525 $907,900

Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - College Station (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 $288,250 (-6.0%) $390,378 (-0.9%) 1.07 901
2018-02-01 $279,900 (-9.8%) $391,718 (-1.6%) 1.02 973
2018-03-01 $275,900 (-14.1%) $387,148 (-8.1%) 0.97 1,026
2018-04-01 $274,900 (-15.4%) $383,979 (-10.1%) 0.93 1,077
2018-05-01 $269,950 (-17.9%) $381,726 (-10.7%) 0.90 1,135
2018-06-01 $269,900 (-5.2%) $379,306 (5.6%) 0.90 1,134
2018-07-01 $269,900 (-3.6%) $375,223 (3.5%) 0.90 1,179
2018-08-01 $269,900 (-14.4%) $378,816 (-7.1%) 0.90 1,132
2018-09-01 $270,000 (-12.9%) $386,067 (-2.5%) 0.91 1,096
2018-10-01 $269,900 (-12.9%) $389,782 (-2.9%) 0.91 1,091
2018-11-01 $269,450 (-13.1%) $392,603 (-3.2%) 0.91 1,080
2018-12-01 $266,500 (-11.1%) $369,931 (-7.0%) 0.92 1,045
2019-01-01 $262,400 (-9.0%) $364,833 (-6.5%) 0.91 1,031
2019-02-01 $259,675 (-7.2%) $351,383 (-10.3%) 0.88 1,132
2019-03-01 $259,186 (-6.1%) $351,003 (-9.3%) 0.85 1,197
2019-04-01 $264,925 (-3.6%) $353,458 (-8.0%) 0.84 1,265
2019-05-01 $269,900 (0.0%) $355,701 (-6.8%) 0.84 1,278
2019-06-01 $269,000 (-0.3%) $353,273 (-6.9%) 0.84 1,279
2019-07-01 $269,875 (0.0%) $345,921 (-7.8%) 0.84 1,305
2019-08-01 $269,791 (0.0%) $346,316 (-8.6%) 0.85 1,287
2019-09-01 $269,627 (-0.1%) $350,779 (-9.1%) 0.86 1,270
2019-10-01 $269,718 (-0.1%) $353,064 (-9.4%) 0.87 1,253
2019-11-01 $269,900 (0.2%) $356,228 (-9.3%) 0.88 1,190
2019-12-01 $269,950 (1.3%) $358,107 (-3.2%) 0.90 1,127
2020-01-01 $262,450 (0.0%) $357,157 (-2.1%) 0.88 1,088
2020-02-01 $265,900 (2.4%) $371,509 (5.7%) 0.87 1,243
2020-03-01 $266,725 (2.9%) $365,307 (4.1%) 0.84 1,344
2020-04-01 $271,450 (2.5%) $366,305 (3.6%) 0.85 1,338
2020-05-01 $273,500 (1.3%) $366,868 (3.1%) 0.83 1,295
2020-06-01 $277,313 (3.1%) $371,189 (5.1%) 0.82 1,186
2020-07-01 $266,450 (-1.3%) $368,061 (6.4%) 0.77 1,148
2020-08-01 $262,500 (-2.7%) $370,834 (7.1%) 0.75 1,077
2020-09-01 $252,450 (-6.4%) $371,992 (6.1%) 0.72 1,047
2020-10-01 $249,900 (-7.4%) $369,951 (4.8%) 0.72 975
2020-11-01 $247,100 (-8.5%) $377,607 (6.0%) 0.72 910
2020-12-01 $238,450 (-11.7%) $332,118 (-7.3%) 0.71 831
2021-01-01 $239,900 (-8.6%) $331,686 (-7.1%) 0.72 729
2021-02-01 $242,425 (-8.8%) $341,743 (-8.0%) 0.71 665
2021-03-01 $254,369 (-4.6%) $367,714 (0.7%) 0.72 639
2021-04-01 $271,754 (0.1%) $380,767 (4.0%) 0.74 526
2021-05-01 $305,000 (11.5%) $442,146 (20.5%) 0.81 397
2021-06-01 $324,950 (17.2%) $460,156 (24.0%) 0.86 396
2021-07-01 $327,000 (22.7%) $485,062 (31.8%) 0.86 405
2021-08-01 $298,450 (13.7%) $429,776 (15.9%) 0.80 475
2021-09-01 $295,501 (17.1%) $428,337 (15.2%) 0.79 458
2021-10-01 $306,000 (22.5%) $418,092 (13.0%) 0.82 427
2021-11-01 $292,225 (18.3%) $419,085 (11.0%) 0.78 373
2021-12-01 $289,225 (21.3%) $427,052 (28.6%) 0.78 336
2022-01-01 $284,900 (18.8%) $434,206 (30.9%) 0.77 309
2022-02-01 $322,000 (32.8%) $490,068 (43.4%) 0.84 324
2022-03-01 $322,500 (26.8%) $478,989 (30.3%) 0.81 320
2022-04-01 $329,450 (21.2%) $467,502 (22.8%) 0.79 364
2022-05-01 $350,000 (14.8%) $506,109 (14.5%) 0.80 421
2022-06-01 $359,450 (10.6%) $507,422 (10.3%) 0.80 561
2022-07-01 $344,950 (5.5%) $499,669 (3.0%) 0.78 605
2022-08-01 $352,900 (18.2%) $502,522 (16.9%) 0.82 673
2022-09-01 $356,768 (20.7%) $504,835 (17.9%) 0.83 685
2022-10-01 $354,900 (16.0%) $513,613 (22.9%) 0.84 737
2022-11-01 $365,800 (25.2%) $520,340 (24.2%) 0.88 697
2022-12-01 $370,000 (27.9%) $526,267 (23.2%) 0.91 683
2023-01-01 $367,450 (29.0%) $518,266 (19.4%) 0.91 648
2023-02-01 $359,950 (11.8%) $504,354 (2.9%) 0.87 642
2023-03-01 $379,725 (17.7%) $540,957 (12.9%) 0.90 606
2023-04-01 $399,900 (21.4%) $557,611 (19.3%) 0.93 613
2023-05-01 $399,900 (14.3%) $551,049 (8.9%) 0.91 634
2023-06-01 $380,000 (5.7%) $529,649 (4.4%) 0.85 708
2023-07-01 $370,200 (7.3%) $513,633 (2.8%) 0.84 751
2023-08-01 $370,375 (5.0%) $510,402 (1.6%) 0.85 843
2023-09-01 $370,000 (3.7%) $502,140 (-0.5%) 0.86 899
2023-10-01 $365,312 (2.9%) $492,545 (-4.1%) 0.86 942
2023-11-01 $365,000 (-0.2%) $485,726 (-6.7%) 0.87 935
2023-12-01 $364,900 (-1.4%) $489,688 (-7.0%) 0.89 882
2024-01-01 $366,250 (-0.3%) $485,993 (-6.2%) 0.89 861
2024-02-01 $364,900 (1.4%) $480,764 (-4.7%) 0.88 887
2024-03-01 $365,000 (-3.9%) $492,782 (-8.9%) 0.86 960
2024-04-01 $364,950 (-8.7%) $496,122 (-11.0%) 0.85 1,017
2024-05-01 $371,425 (-7.1%) $510,153 (-7.4%) 0.84 1,042
College Station's median listing price for 2024-05-01 was $371,425, a difference of $-28,475 (-7.1%) versus the prior year and $6,475 versus the prior month.

College Station's median listing price comes in at 84% of the national average.

College Station's average listing price for 2024-05-01 was $510,153, a difference of $-40,896 (-7.4%) versus the prior year and $14,031 versus the prior month.

For the 2024-05-01 period, College Station had 1,042 MLS listings, a difference of 25 listings (2%) versus the prior month and 408 listings (64%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - College Station (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 73 days 2,083 sqft
2018-02-01 61 days 2,008 sqft
2018-03-01 53 days 2,007 sqft
2018-04-01 52 days 2,000 sqft
2018-05-01 56 days 1,980 sqft
2018-06-01 61 days 1,961 sqft
2018-07-01 66 days 1,980 sqft
2018-08-01 71 days 1,976 sqft
2018-09-01 75 days 1,978 sqft
2018-10-01 79 days 1,931 sqft
2018-11-01 86 days 1,913 sqft
2018-12-01 96 days 1,911 sqft
2019-01-01 88 days 1,895 sqft
2019-02-01 62 days 1,863 sqft
2019-03-01 56 days 1,876 sqft
2019-04-01 65 days 1,904 sqft
2019-05-01 72 days 1,939 sqft
2019-06-01 71 days 1,939 sqft
2019-07-01 71 days 1,947 sqft
2019-08-01 74 days 1,958 sqft
2019-09-01 78 days 1,956 sqft
2019-10-01 82 days 1,955 sqft
2019-11-01 86 days 1,955 sqft
2019-12-01 94 days 1,935 sqft
2020-01-01 90 days 1,900 sqft
2020-02-01 67 days 1,900 sqft
2020-03-01 55 days 1,881 sqft
2020-04-01 69 days 1,906 sqft
2020-05-01 80 days 1,911 sqft
2020-06-01 90 days 1,905 sqft
2020-07-01 81 days 1,858 sqft
2020-08-01 75 days 1,856 sqft
2020-09-01 73 days 1,818 sqft
2020-10-01 75 days 1,794 sqft
2020-11-01 81 days 1,759 sqft
2020-12-01 79 days 1,764 sqft
2021-01-01 74 days 1,752 sqft
2021-02-01 62 days 1,766 sqft
2021-03-01 45 days 1,789 sqft
2021-04-01 39 days 1,826 sqft
2021-05-01 36 days 1,945 sqft
2021-06-01 32 days 2,021 sqft
2021-07-01 34 days 2,049 sqft
2021-08-01 35 days 1,892 sqft
2021-09-01 42 days 1,869 sqft
2021-10-01 48 days 1,889 sqft
2021-11-01 51 days 1,852 sqft
2021-12-01 59 days 1,850 sqft
2022-01-01 53 days 1,854 sqft
2022-02-01 28 days 1,957 sqft
2022-03-01 26 days 1,859 sqft
2022-04-01 22 days 1,884 sqft
2022-05-01 23 days 1,956 sqft
2022-06-01 28 days 1,987 sqft
2022-07-01 40 days 1,953 sqft
2022-08-01 48 days 1,949 sqft
2022-09-01 55 days 1,949 sqft
2022-10-01 62 days 1,934 sqft
2022-11-01 70 days 1,962 sqft
2022-12-01 81 days 1,962 sqft
2023-01-01 86 days 1,958 sqft
2023-02-01 78 days 1,930 sqft
2023-03-01 60 days 2,002 sqft
2023-04-01 57 days 2,041 sqft
2023-05-01 46 days 2,026 sqft
2023-06-01 44 days 1,948 sqft
2023-07-01 55 days 1,897 sqft
2023-08-01 57 days 1,925 sqft
2023-09-01 57 days 1,911 sqft
2023-10-01 67 days 1,888 sqft
2023-11-01 76 days 1,889 sqft
2023-12-01 83 days 1,887 sqft
2024-01-01 84 days 1,896 sqft
2024-02-01 71 days 1,886 sqft
2024-03-01 47 days 1,893 sqft
2024-04-01 51 days 1,894 sqft
2024-05-01 52 days 1,913 sqft
College Station's median listing age (time on market) for 2024-05-01 was 52 days. This is 11% longer than the same period one year ago.

College Station's median square footage for active listings during the 2024-05-01 period was 1,913 sqft. One year prior, the average listing was 2,026 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).