Corpus Christi FHA Loan Rates, Closing Costs & Stats

CORPUS CHRISTI, 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.

Corpus Christi's 91 lenders originated 1,169 FHA loans during 2023. The total origination value was $302,065,000, with an average FHA loan value of $258,396.

Corpus Christi FHA Loans, 30 Year Fixed Rates

30 Year FHA mortgages in Corpus Christi averaged 6.31% for the week of 2025-02-07, compared to the national average (all FHA variants) of 6.529% for the same period.

Corpus Christi's average FHA mortgage closing costs are $8,180.

The average rate for the prior week (2025-01-31) was 6.58% and one month ago for the week of 2025-01-03, the average rate was 6.5%.

The average rate one year ago was 6.27%.

For refis of the same type during the week of 2025-02-07, the average rate was 6.96%.

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

Corpus Christi 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 Corpus Christi level.

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
DHI MORTGAGE COMPANY, LTD. 168 5.45% $8,984
CROSSCOUNTRY MORTGAGE, LLC 111 6.90% $11,663
GARDNER FINANCIAL SERVICES, LTD. 82 6.93% $12,170
UNITED WHOLESALE MORTGAGE, LLC 71 6.49% $11,199
GUILD MORTGAGE COMPANY 65 6.69% $11,389
PRIMARY RESIDENTIAL MORTGAGE, INC. 38 7.44% $11,069
EAGLE HOME MORTGAGE, LLC 33 4.81% $9,253
AMCAP MORTGAGE, LTD. 31 6.99% $11,291
WILLOW BEND MORTGAGE COMPANY, LLC 23 6.72% $11,622
PRIMELENDING, A PLAINSCAPITAL COMPANY 22 7.08% $11,180
CMG MORTGAGE, INC. 20 6.64% $12,705
QUICKEN LOANS, LLC 19 6.18% $12,561
Neighborhood Loans, Inc. 18 6.81% $11,491
LEGEND LENDING CORPORATION 16 6.94% $15,501
NEWREZ LLC 16 6.41% $11,329
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 14 6.88% $9,611
BROKER SOLUTIONS, INC. 13 7.17% $12,513
CALCON MUTUAL MORTGAGE LLC 12 6.50% $15,583
PLAZA HOME MORTGAGE, INC. 12 6.42% $14,266
SUCCESS MORTGAGE PARTNERS, INC. 11 7.04% $10,434
FREEDOM MORTGAGE CORPORATION 11 6.58% $12,913
MID AMERICA MORTGAGE, INC. 11 7.07% $19,820
Gateway First Bank 10 6.93% $13,835
EVERETT FINANCIAL, INC. 10 6.55% $10,646
CARDINAL FINANCIAL 9 6.49% $9,145
ACADEMY MORTGAGE CORPORATION 8 6.17% $15,490
UNION HOME MORTGAGE CORP. 7 7.05% $10,619
MOVEMENT MORTGAGE, LLC 6 7.04% $11,596
LOANDEPOT.COM, LLC 6 6.65% $13,368
Flagstar Bank, FSB 6 6.08% $9,021
Prosperity Bank 5 6.35% $8,773
NFM, INC. 5 6.95% $13,220
First National Bank Texas 5 6.30% $9,636
Loan Simple, Inc. 5 6.80% $15,120
Century Mortgage Company DBA Century Lending Company 5 6.35% $13,223
Equity Prime Mortgage LLC 4 7.44% $10,965
DAS Acquisition Company, LLC 4 7.47% $15,468
SUN WEST MORTGAGE COMPANY, INC. 4 6.33% $13,097
PENNYMAC LOAN SERVICES, LLC 4 5.97% $9,807
LOANPEOPLE, LLC 4 6.56% $9,797
Paramount Residential Mortgage Group, Inc. 3 6.75% $16,386
Extraco Banks 3 6.83% $8,460
ARK-LA-TEX FINANCIAL SERVICES, LLC. 3 7.08% $10,255
MANN FINANCIAL INC. 3 6.67% $14,518
HOMESIDE FINANCIAL, LLC 3 6.88% $12,772
CORNERSTONE HOME LENDING, INC. 2 6.94% $10,728
T2 FINANCIAL LLC 2 7.69% $13,793
THRIVE MORTGAGE, LLC 2 6.63% $9,815
SeaTrust Mortgage Company 2 6.81% $11,029
AMERISAVE MORTGAGE CORPORATION 2 6.00% $15,183
V.I.P. MORTGAGE, INC. 2 6.38% $10,402
Wallick & Volk, Inc. 2 6.00% $8,729
Mr. Cooper ( Nationstar Mortgage ) 2 6.63% $16,237
ZILLOW HOME LOANS, LLC 2 6.19% $14,085
AXIA FINANCIAL, LLC 2 6.69% $13,334
MUTUAL OF OMAHA MORTGAGE, INC. 2 7.13% $11,209
OCMBC, INC. 2 7.31% $10,495
BETTER MORTGAGE CORPORATION 2 5.38% $12,155
Network Funding, L.P. 2 7.00% $18,259
DIRECTIONS EQUITY, LLC 2 6.63% $9,321
PENTAGON FEDERAL CREDIT UNION 2 5.31% $10,353
AMERICAN PACIFIC MORTGAGE CORPORATION 2 6.81% $12,749
Zions Bank 1 5.63% $7,461
EMBRACE HOME LOANS, INC. 1 6.25% $10,574
FBC MORTGAGE, LLC 1 6.13% $16,866
Citizens Bank 1 6.25% $7,604
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 7.13% $17,703
GUARANTEED RATE, INC. 1 6.75% $8,542
CHERRY CREEK MORTGAGE, LLC 1 6.75% $5,056
Hamilton Mortgage Corporation 1 6.99% $15,380
HighTechLending Inc 1 7.50% $21,582
INTERCAP LENDING INC. 1 6.00% $10,176
Ixonia Bank 1 5.88% $14,263
LEADERONE FINANCIAL CORPORATION 1 6.75% $20,544
BM Real Estate Services, Inc. 1 5.63% $18,210
MORTGAGE FINANCIAL SERVICES, LLC 1 6.25% $12,776
Mortgage Research Center, LLC 1 6.63% $4,567
Nations Lending Corporation 1 7.63% $5,131
Bank of England 1 7.50% $12,138
PILGRIM MORTGAGE LLC 1 6.00% $16,647
Plains Commerce Bank 1 8.25% $10,690
Bank of America 1 5.13% $6,001
PREMIER MORTGAGE RESOURCES, L.L.C. 1 7.25% $16,322
Prosperity Home Mortgage, LLC 1 6.12% $13,599
Republic State Mortgage Co. 1 7.25% $12,752
SECURITYNATIONAL MORTGAGE COMPANY 1 6.13% $19,114
Simmons Bank 1 6.25% $8,185
STOCKTON MORTGAGE CORPORATION 1 7.25% $14,994
SWBC MORTGAGE CORPORATION 1 7.25% $10,275
AMERICAN FINANCIAL NETWORK, INC. 1 8.25% $11,143
Alcova Mortgage LLC 1 6.88% $10,289

The top Corpus Christi FHA lender as defined by loan originations is DHI MORTGAGE COMPANY, LTD., with 168 FHA loans originated. Their average total fees are $8,984, which is $2,679 lower than the next largest lender, CROSSCOUNTRY MORTGAGE, LLC.

The lowest fee Corpus Christi FHA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. ($8,984), EAGLE HOME MORTGAGE, LLC ($9,253), FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($9,611), SUCCESS MORTGAGE PARTNERS, INC. ($10,434) and EVERETT FINANCIAL, INC. ($10,646).

The lowest rate Corpus Christi FHA lenders (with over 10 loans originated) are EAGLE HOME MORTGAGE, LLC (4.81%), DHI MORTGAGE COMPANY, LTD. (5.45%), QUICKEN LOANS, LLC (6.18%), NEWREZ LLC (6.41%) and PLAZA HOME MORTGAGE, INC. (6.42%).

Corpus Christi FHA Loan Limits

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

Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Corpus Christi (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 $232,950 (-2.0%) $305,127 (-4.1%) 0.85 2,154
2018-02-01 $236,975 (-1.0%) $305,332 (-4.3%) 0.85 2,146
2018-03-01 $239,900 (0.0%) $314,213 (-3.9%) 0.84 2,143
2018-04-01 $240,000 (-1.9%) $317,108 (-4.3%) 0.81 2,193
2018-05-01 $239,950 (0.0%) $320,182 (-2.5%) 0.80 2,207
2018-06-01 $239,900 (0.0%) $318,740 (-3.1%) 0.80 2,326
2018-07-01 $239,900 (0.0%) $319,046 (-1.7%) 0.80 2,351
2018-08-01 $239,975 (-0.4%) $318,559 (-2.4%) 0.80 2,393
2018-09-01 $240,000 (0.3%) $320,138 (0.6%) 0.80 2,416
2018-10-01 $240,075 (1.8%) $321,052 (3.6%) 0.80 2,410
2018-11-01 $239,700 (2.3%) $318,725 (4.9%) 0.79 2,383
2018-12-01 $239,990 (3.3%) $319,607 (5.9%) 0.81 2,258
2019-01-01 $243,495 (4.5%) $322,522 (5.7%) 0.82 2,201
2019-02-01 $245,000 (3.4%) $326,130 (6.8%) 0.81 2,265
2019-03-01 $249,429 (4.0%) $331,951 (5.7%) 0.80 2,316
2019-04-01 $254,200 (5.9%) $338,536 (6.8%) 0.79 2,374
2019-05-01 $259,250 (8.0%) $341,906 (6.8%) 0.78 2,462
2019-06-01 $255,000 (6.3%) $344,382 (8.0%) 0.78 2,472
2019-07-01 $259,313 (8.1%) $346,376 (8.6%) 0.78 2,479
2019-08-01 $259,000 (7.9%) $347,571 (9.1%) 0.79 2,438
2019-09-01 $259,000 (7.9%) $349,326 (9.1%) 0.80 2,374
2019-10-01 $259,000 (7.9%) $350,153 (9.1%) 0.81 2,309
2019-11-01 $257,100 (7.3%) $346,036 (8.6%) 0.82 2,261
2019-12-01 $256,625 (6.9%) $344,710 (7.9%) 0.83 2,194
2020-01-01 $255,000 (4.7%) $344,263 (6.7%) 0.83 2,096
2020-02-01 $264,000 (7.8%) $357,067 (9.5%) 0.83 2,080
2020-03-01 $269,925 (8.2%) $371,777 (12.0%) 0.82 2,103
2020-04-01 $268,900 (5.8%) $372,929 (10.2%) 0.81 2,088
2020-05-01 $275,400 (6.2%) $381,632 (11.6%) 0.82 1,925
2020-06-01 $281,450 (10.4%) $389,133 (13.0%) 0.79 1,684
2020-07-01 $282,450 (8.9%) $397,290 (14.7%) 0.79 1,548
2020-08-01 $289,000 (11.6%) $397,842 (14.5%) 0.80 1,467
2020-09-01 $289,950 (12.0%) $408,154 (16.8%) 0.80 1,407
2020-10-01 $289,950 (12.0%) $405,055 (15.7%) 0.80 1,344
2020-11-01 $285,000 (10.9%) $398,520 (15.2%) 0.82 1,351
2020-12-01 $282,450 (10.1%) $396,189 (14.9%) 0.81 1,272
2021-01-01 $284,900 (11.7%) $402,632 (17.0%) 0.81 1,149
2021-02-01 $284,900 (7.9%) $405,305 (13.5%) 0.79 1,061
2021-03-01 $290,187 (7.5%) $408,314 (9.8%) 0.78 973
2021-04-01 $293,415 (9.1%) $416,636 (11.7%) 0.75 905
2021-05-01 $309,900 (12.5%) $443,598 (16.2%) 0.78 842
2021-06-01 $303,750 (7.9%) $446,811 (14.8%) 0.77 847
2021-07-01 $315,000 (11.5%) $449,345 (13.1%) 0.79 1,001
2021-08-01 $314,475 (8.8%) $441,412 (11.0%) 0.80 1,083
2021-09-01 $304,950 (5.2%) $431,198 (5.7%) 0.77 1,143
2021-10-01 $315,000 (8.6%) $434,415 (7.3%) 0.79 1,131
2021-11-01 $324,950 (14.0%) $437,049 (9.7%) 0.79 1,078
2021-12-01 $311,450 (10.3%) $430,014 (8.5%) 0.78 1,004
2022-01-01 $312,900 (9.8%) $432,773 (7.5%) 0.78 991
2022-02-01 $327,450 (14.9%) $456,449 (12.6%) 0.78 892
2022-03-01 $324,500 (11.8%) $465,388 (14.0%) 0.76 887
2022-04-01 $336,475 (14.7%) $465,058 (11.6%) 0.75 951
2022-05-01 $349,450 (12.8%) $469,862 (5.9%) 0.76 1,099
2022-06-01 $349,950 (15.2%) $474,211 (6.1%) 0.74 1,288
2022-07-01 $342,128 (8.6%) $459,939 (2.4%) 0.72 1,548
2022-08-01 $332,000 (5.6%) $451,819 (2.4%) 0.72 1,677
2022-09-01 $325,000 (6.6%) $452,170 (4.9%) 0.73 1,633
2022-10-01 $323,900 (2.8%) $452,634 (4.2%) 0.73 1,676
2022-11-01 $325,000 (0.0%) $454,961 (4.1%) 0.75 1,755
2022-12-01 $324,900 (4.3%) $447,537 (4.1%) 0.77 1,664
2023-01-01 $328,263 (4.9%) $445,341 (2.9%) 0.79 1,596
2023-02-01 $335,000 (2.3%) $456,400 (0.0%) 0.79 1,564
2023-03-01 $346,373 (6.7%) $467,387 (0.4%) 0.78 1,639
2023-04-01 $359,900 (7.0%) $485,167 (4.3%) 0.81 1,666
2023-05-01 $369,000 (5.6%) $501,603 (6.8%) 0.81 1,713
2023-06-01 $374,365 (7.0%) $507,012 (6.9%) 0.81 1,921
2023-07-01 $369,250 (7.9%) $498,878 (8.5%) 0.81 1,965
2023-08-01 $374,725 (12.9%) $502,717 (11.3%) 0.82 2,054
2023-09-01 $360,000 (10.8%) $489,966 (8.4%) 0.81 2,144
2023-10-01 $359,992 (11.1%) $491,607 (8.6%) 0.82 2,217
2023-11-01 $359,900 (10.7%) $485,368 (6.7%) 0.83 2,254
2023-12-01 $359,000 (10.5%) $478,879 (7.0%) 0.83 2,231
2024-01-01 $359,900 (9.6%) $478,327 (7.4%) 0.83 2,190
2024-02-01 $356,240 (6.3%) $474,232 (3.9%) 0.81 2,243
2024-03-01 $365,000 (5.4%) $488,516 (4.5%) 0.81 2,415
2024-04-01 $368,850 (2.5%) $493,336 (1.7%) 0.81 2,547
2024-05-01 $377,000 (2.2%) $502,331 (0.2%) 0.81 2,658
2024-06-01 $380,000 (1.5%) $507,742 (0.1%) 0.83 2,779
2024-07-01 $385,000 (4.3%) $513,473 (2.9%) 0.85 2,905
2024-08-01 $375,000 (0.1%) $499,699 (-0.6%) 0.83 2,884
2024-09-01 $364,950 (1.4%) $491,568 (0.3%) 0.82 2,911
2024-10-01 $359,450 (-0.2%) $483,691 (-1.6%) 0.80 2,849
2024-11-01 $349,999 (-2.8%) $474,486 (-2.2%) 0.80 2,882
2024-12-01 $348,250 (-3.0%) $469,162 (-2.0%) 0.81 2,875
2025-01-01 $343,750 (-4.5%) $463,910 (-3.0%) 0.00 2,762
Corpus Christi's median listing price for 2025-01-01 was $343,750, a difference of $-16,150 (-4.5%) versus the prior year and $-4,500 versus the prior month.

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

Corpus Christi's average listing price for 2025-01-01 was $463,910, a difference of $-14,417 (-3.0%) versus the prior year and $-5,252 versus the prior month.

For the 2025-01-01 period, Corpus Christi had 2,762 MLS listings, a difference of -113 listings (-4%) versus the prior month and 572 listings (26%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Corpus Christi (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 98 days 1,809 sqft
2018-02-01 88 days 1,813 sqft
2018-03-01 66 days 1,826 sqft
2018-04-01 63 days 1,839 sqft
2018-05-01 65 days 1,835 sqft
2018-06-01 64 days 1,844 sqft
2018-07-01 62 days 1,852 sqft
2018-08-01 65 days 1,859 sqft
2018-09-01 73 days 1,875 sqft
2018-10-01 77 days 1,880 sqft
2018-11-01 82 days 1,874 sqft
2018-12-01 87 days 1,850 sqft
2019-01-01 93 days 1,835 sqft
2019-02-01 83 days 1,809 sqft
2019-03-01 76 days 1,812 sqft
2019-04-01 72 days 1,816 sqft
2019-05-01 73 days 1,820 sqft
2019-06-01 75 days 1,824 sqft
2019-07-01 73 days 1,827 sqft
2019-08-01 76 days 1,838 sqft
2019-09-01 77 days 1,847 sqft
2019-10-01 80 days 1,852 sqft
2019-11-01 89 days 1,845 sqft
2019-12-01 96 days 1,816 sqft
2020-01-01 92 days 1,809 sqft
2020-02-01 87 days 1,796 sqft
2020-03-01 68 days 1,806 sqft
2020-04-01 73 days 1,785 sqft
2020-05-01 85 days 1,826 sqft
2020-06-01 86 days 1,842 sqft
2020-07-01 73 days 1,872 sqft
2020-08-01 75 days 1,871 sqft
2020-09-01 73 days 1,869 sqft
2020-10-01 71 days 1,866 sqft
2020-11-01 71 days 1,788 sqft
2020-12-01 81 days 1,788 sqft
2021-01-01 85 days 1,772 sqft
2021-02-01 66 days 1,782 sqft
2021-03-01 64 days 1,771 sqft
2021-04-01 60 days 1,731 sqft
2021-05-01 51 days 1,787 sqft
2021-06-01 52 days 1,769 sqft
2021-07-01 45 days 1,777 sqft
2021-08-01 51 days 1,758 sqft
2021-09-01 52 days 1,748 sqft
2021-10-01 56 days 1,763 sqft
2021-11-01 59 days 1,768 sqft
2021-12-01 57 days 1,744 sqft
2022-01-01 63 days 1,735 sqft
2022-02-01 56 days 1,772 sqft
2022-03-01 48 days 1,763 sqft
2022-04-01 39 days 1,745 sqft
2022-05-01 38 days 1,779 sqft
2022-06-01 40 days 1,755 sqft
2022-07-01 44 days 1,757 sqft
2022-08-01 51 days 1,689 sqft
2022-09-01 63 days 1,667 sqft
2022-10-01 68 days 1,703 sqft
2022-11-01 77 days 1,715 sqft
2022-12-01 75 days 1,713 sqft
2023-01-01 82 days 1,713 sqft
2023-02-01 73 days 1,710 sqft
2023-03-01 62 days 1,715 sqft
2023-04-01 62 days 1,715 sqft
2023-05-01 64 days 1,709 sqft
2023-06-01 57 days 1,717 sqft
2023-07-01 59 days 1,712 sqft
2023-08-01 64 days 1,723 sqft
2023-09-01 65 days 1,711 sqft
2023-10-01 67 days 1,706 sqft
2023-11-01 72 days 1,703 sqft
2023-12-01 78 days 1,674 sqft
2024-01-01 80 days 1,673 sqft
2024-02-01 74 days 1,657 sqft
2024-03-01 62 days 1,641 sqft
2024-04-01 64 days 1,625 sqft
2024-05-01 69 days 1,623 sqft
2024-06-01 71 days 1,630 sqft
2024-07-01 76 days 1,639 sqft
2024-08-01 80 days 1,626 sqft
2024-09-01 86 days 1,623 sqft
2024-10-01 85 days 1,619 sqft
2024-11-01 84 days 1,635 sqft
2024-12-01 86 days 1,635 sqft
2025-01-01 0 days 1,640 sqft
Corpus Christi's median listing age (time on market) for 2025-01-01 was 0 days. This is -100% shorter than the same period one year ago.

Corpus Christi's median square footage for active listings during the 2025-01-01 period was 1,640 sqft. One year prior, the average listing was 1,673 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).