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
5.63%
for the week of 2024-10-04, compared to the national average (all FHA variants) of
5.885% for the same period.
College Station's average FHA mortgage closing costs are $8,157.
The average rate for the prior week (2024-09-27) was
5.93% and
one month ago for the week of 2024-08-30, the
average rate was 5.88%.
The average rate one year ago was 7.02%.
For refis of the same type during the week of 2024-10-04, the average rate
was 5.89%.
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.
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. LouisDate | 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 |
2024-06-01 | $365,625 (-3.8%) | $506,394 (-4.4%) | 0.82 | 1,089 |
2024-07-01 | $365,600 (-1.2%) | $507,725 (-1.2%) | 0.84 | 1,122 |
2024-08-01 | $366,200 (-1.1%) | $505,479 (-1.0%) | 0.85 | 1,161 |
2024-09-01 | $364,950 (-1.4%) | $497,897 (-0.9%) | 0.00 | 1,179 |
College Station's median listing price comes in at 0% of the national average.
College Station's average listing price for 2024-09-01 was $497,897, a difference of $-4,243 (-0.9%) versus the prior year and $-7,582 versus the prior month.
For the 2024-09-01 period, College Station had 1,179 MLS listings, a difference of 18 listings (2%) versus the prior month and 280 listings (31%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - College Station (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | 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 |
2024-06-01 | 58 days | 1,929 sqft |
2024-07-01 | 64 days | 1,913 sqft |
2024-08-01 | 67 days | 1,884 sqft |
2024-09-01 | 0 days | 1,876 sqft |
College Station's median square footage for active listings during the 2024-09-01 period was 1,876 sqft. One year prior, the average listing was 1,911 sqft.