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 100 lenders originated 1,329 FHA loans during 2024. The total origination value was $365,795,000, with an average FHA loan value of $275,241.

Corpus Christi FHA Loans, 30 Year Fixed Rates

30 Year FHA mortgages in Corpus Christi averaged 6.44% for the week of 2025-07-11, compared to the national average (all FHA variants) of 6.523% for the same period.

Corpus Christi's average FHA mortgage closing costs are $8,530.

The average rate for the prior week (2025-07-04) was 6.58% and one month ago for the week of 2025-06-06, the average rate was 6.41%.

The average rate one year ago was 6.85%.

For refis of the same type during the week of 2025-07-11, the average rate was 6.19%.

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 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
DHI MORTGAGE COMPANY, LTD. 243 5.20% $8,777
EAGLE HOME MORTGAGE, LLC 122 4.54% $9,070
UNITED WHOLESALE MORTGAGE, LLC 77 6.16% $12,300
GARDNER FINANCIAL SERVICES, LTD. 74 6.62% $12,859
CROSSCOUNTRY MORTGAGE, LLC 68 6.86% $12,280
GUILD MORTGAGE COMPANY 53 6.88% $11,943
FREEDOM MORTGAGE CORPORATION 46 6.25% $11,609
WILLOW BEND MORTGAGE COMPANY, LLC 34 6.66% $12,149
QUICKEN LOANS, LLC 30 6.24% $12,368
MID AMERICA MORTGAGE, INC. 28 6.95% $15,729
EVERETT FINANCIAL, INC. 22 7.12% $9,273
LEGEND LENDING CORPORATION 22 6.95% $13,960
Paramount Residential Mortgage Group, Inc. 18 6.47% $11,213
PRIMARY RESIDENTIAL MORTGAGE, INC. 17 7.21% $4,429
BROKER SOLUTIONS, INC. 17 7.03% $11,268
UNION HOME MORTGAGE CORP. 17 6.72% $13,825
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 17 7.04% $10,612
Gateway First Bank 15 6.53% $10,601
DAS Acquisition Company, LLC 14 6.88% $11,230
CMG MORTGAGE, INC. 14 6.94% $12,277
Extraco Banks 12 6.17% $10,953
First National Bank Texas 12 6.14% $9,780
PENNYMAC LOAN SERVICES, LLC 11 6.22% $11,593
NEWREZ LLC 10 6.35% $8,716
GUARANTEED RATE, INC. 8 6.30% $11,395
SFMC, LP 7 6.52% $10,996
MORTGAGE FINANCIAL SERVICES, LLC 6 6.90% $10,614
CARDINAL FINANCIAL 6 6.67% $12,981
Equity Prime Mortgage LLC 6 5.88% $11,511
PLANET HOME LENDING, LLC 5 5.80% $6,097
Hamilton Mortgage Corporation 5 6.18% $12,534
LOANDEPOT.COM, LLC 5 6.48% $13,216
Mr. Cooper ( Nationstar Mortgage ) 4 6.06% $7,828
NFM, INC. 4 7.09% $13,619
MOVEMENT MORTGAGE, LLC 4 6.50% $13,200
PRIMELENDING, A PLAINSCAPITAL COMPANY 3 6.71% $13,394
AmeriHome Mortgage Company, LLC 3 6.41% $7,847
ARK-LA-TEX FINANCIAL SERVICES, LLC. 3 6.29% $9,456
CALCON MUTUAL MORTGAGE LLC 3 6.46% $16,423
Centennial Bank 3 6.79% $8,804
Century Mortgage Company DBA Century Lending Company 3 6.21% $10,936
Flagstar Bank, FSB 3 6.59% $7,880
LOANPEOPLE, LLC 3 6.58% $11,204
PLAZA HOME MORTGAGE, INC. 3 5.92% $16,688
T2 FINANCIAL LLC 3 6.42% $19,131
V.I.P. MORTGAGE, INC. 3 6.62% $9,965
ZILLOW HOME LOANS, LLC 3 6.71% $10,635
SUN WEST MORTGAGE COMPANY, INC. 2 5.87% $10,539
Plains Commerce Bank 2 6.81% $11,197
The Loan Store, Inc. 2 5.63% $19,655
AMERICAN FINANCIAL NETWORK, INC. 2 7.12% $15,156
FIRST COMMUNITY MORTGAGE, INC. 2 6.99% $8,681
Wallick & Volk, Inc. 2 6.19% $6,663
Alcova Mortgage LLC 2 6.19% $8,305
VILLAGE CAPITAL MORTGAGE 2 6.56% $5,182
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 2 5.75% $10,520
CITY FIRST MORTGAGE SERVICES, L.L.C. 2 5.88% $8,198
NexBank 2 6.88% $10,590
Loan Simple, Inc. 2 6.13% $15,428
RB MORTGAGE LLC 2 6.44% $10,093
CANOPY MORTGAGE, LLC 1 6.25% $11,929
OCMBC, INC. 1 7.13% $11,226
BETTER MORTGAGE CORPORATION 1 7.13% $7,240
AXIA FINANCIAL, LLC 1 7.25% $8,920
PENTAGON FEDERAL CREDIT UNION 1 5.63% $9,860
PHH Mortgage Corporation 1 5.63% $7,620
AMPLIFY 1 5.75% $12,713
AMERISAVE MORTGAGE CORPORATION 1 6.50% $18,270
ALAMEDA MORTGAGE CORPORATION 1 5.99% $15,479
Prosperity Bank 1 6.63% $9,303
AMERICAN PORTFOLIO MORTGAGE CORPORATION 1 6.25% $6,851
Republic State Mortgage Co. 1 6.88% $9,019
SECURITYNATIONAL MORTGAGE COMPANY 1 7.13% $9,515
SENTE MORTGAGE, INC. 1 5.50% $7,963
AMERICAN FINANCIAL RESOURCES, INC. 1 6.50% $11,174
Sierra Pacific Mortgage Company, Inc. 1 5.75% $15,665
SOUTHWEST FUNDING, LP 1 6.25% $15,019
SOUTHWEST STAGE FUNDING, LLC 1 5.38% $10,426
SUMMIT FUNDING, INC. 1 6.75% $14,578
Wells Fargo Bank 1 6.75% $7,668
ALLIED MORTGAGE GROUP, INC. 1 6.13% $11,517
University Bank 1 7.50% $8,909
UNIVERSITY Federal Credit Union 1 5.63% $13,964
HOMEBRIDGE FINANCIAL SERVICES, INC. 1 5.00% $14,912
Hometown Equity Mortgage, LLC 1 5.25% $10,587
Integrity Home Mortgage Corp 1 7.00% $12,837
LAKEVIEW LOAN SERVICING, LLC 1 6.75% $8,424
Lakeview Community Capital, LLC 1 7.25% $9,621
Golden Empire Mortgage, Inc. 1 6.25% $11,787
First United Bank and Trust Company 1 7.88% $10,589
Meridian Bank Corporation 1 5.63% $10,858
MICHIGAN MUTUAL, INC. 1 6.75% $14,927
DIRECTIONS EQUITY, LLC 1 6.75% $10,154
Mortgage Research Center, LLC 1 6.99% $6,680
MORTGAGE SOLUTIONS OF COLORADO, LLC 1 7.75% $8,167
CORNERSTONE HOME LENDING, INC. 1 4.88% $12,375
Nations Lending Corporation 1 7.13% $8,630
NATIONS RELIABLE LENDING, LLC 1 4.99% $12,641
Network Funding, L.P. 1 6.13% $11,336
City Bank 1 6.50% $7,331

The top Corpus Christi FHA lender as defined by loan originations is DHI MORTGAGE COMPANY, LTD., with 243 FHA loans originated. Their average total fees are $8,777, which is $293 lower than the next largest lender, EAGLE HOME MORTGAGE, LLC.

The lowest fee Corpus Christi FHA lenders (with over 10 loans originated) are PRIMARY RESIDENTIAL MORTGAGE, INC. ($4,429), NEWREZ LLC ($8,716), DHI MORTGAGE COMPANY, LTD. ($8,777), EAGLE HOME MORTGAGE, LLC ($9,070) and EVERETT FINANCIAL, INC. ($9,273).

The lowest rate Corpus Christi FHA lenders (with over 10 loans originated) are EAGLE HOME MORTGAGE, LLC (4.54%), DHI MORTGAGE COMPANY, LTD. (5.20%), First National Bank Texas (6.14%), UNITED WHOLESALE MORTGAGE, LLC (6.16%) and Extraco Banks (6.17%).

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

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).