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 -0.32% for the week of 2024-11-29, compared to the national average (all FHA variants) of 0% for the same period.

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

The average rate for the prior week (2024-11-22) was 6.37% and one month ago for the week of 2024-10-25, the average rate was 5.95%.

The average rate one year ago was 7.14%.

For refis of the same type during the week of 2024-11-29, the average rate was 0.03%.

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 $229,900 (0.1%) $294,715 (-1.1%) 0.85 1,902
2018-02-01 $234,050 (1.1%) $295,657 (-0.9%) 0.85 1,911
2018-03-01 $239,000 (1.8%) $305,410 (0.1%) 0.84 1,911
2018-04-01 $239,900 (0.4%) $309,569 (-0.6%) 0.81 1,943
2018-05-01 $239,900 (2.1%) $312,554 (1.9%) 0.80 1,947
2018-06-01 $238,900 (1.7%) $309,723 (0.3%) 0.80 2,035
2018-07-01 $239,000 (1.7%) $311,260 (1.3%) 0.80 2,036
2018-08-01 $239,900 (1.2%) $310,308 (0.6%) 0.80 2,076
2018-09-01 $239,431 (3.2%) $310,540 (2.8%) 0.80 2,084
2018-10-01 $237,000 (3.1%) $310,441 (5.3%) 0.80 2,074
2018-11-01 $233,975 (1.8%) $306,390 (5.4%) 0.79 2,052
2018-12-01 $234,900 (2.2%) $306,181 (5.9%) 0.81 1,932
2019-01-01 $237,328 (3.2%) $308,286 (4.6%) 0.82 1,891
2019-02-01 $239,900 (2.5%) $312,705 (5.8%) 0.81 1,920
2019-03-01 $244,069 (2.1%) $320,109 (4.8%) 0.80 1,943
2019-04-01 $249,750 (4.1%) $328,152 (6.0%) 0.79 1,969
2019-05-01 $249,950 (4.2%) $330,691 (5.8%) 0.78 2,027
2019-06-01 $249,900 (4.6%) $327,910 (5.9%) 0.78 2,052
2019-07-01 $249,900 (4.6%) $330,482 (6.2%) 0.78 2,046
2019-08-01 $250,541 (4.4%) $331,927 (7.0%) 0.79 2,018
2019-09-01 $251,502 (5.0%) $334,214 (7.6%) 0.80 1,976
2019-10-01 $252,018 (6.3%) $335,240 (8.0%) 0.81 1,935
2019-11-01 $249,000 (6.4%) $330,918 (8.0%) 0.82 1,919
2019-12-01 $249,900 (6.4%) $331,615 (8.3%) 0.83 1,855
2020-01-01 $249,000 (4.9%) $330,368 (7.2%) 0.83 1,776
2020-02-01 $254,900 (6.3%) $339,979 (8.7%) 0.83 1,739
2020-03-01 $262,775 (7.7%) $354,263 (10.7%) 0.82 1,748
2020-04-01 $259,450 (3.9%) $353,571 (7.8%) 0.81 1,738
2020-05-01 $269,500 (7.8%) $361,300 (9.3%) 0.82 1,574
2020-06-01 $269,475 (7.8%) $368,159 (12.3%) 0.79 1,378
2020-07-01 $271,950 (8.8%) $376,298 (13.9%) 0.79 1,278
2020-08-01 $278,000 (11.0%) $376,545 (13.4%) 0.80 1,220
2020-09-01 $279,925 (11.3%) $387,501 (15.9%) 0.80 1,186
2020-10-01 $279,900 (11.1%) $388,713 (16.0%) 0.80 1,129
2020-11-01 $279,450 (12.2%) $383,080 (15.8%) 0.82 1,150
2020-12-01 $271,438 (8.6%) $379,943 (14.6%) 0.81 1,082
2021-01-01 $269,900 (8.4%) $383,935 (16.2%) 0.81 967
2021-02-01 $272,413 (6.9%) $384,413 (13.1%) 0.79 900
2021-03-01 $275,000 (4.7%) $384,503 (8.5%) 0.78 825
2021-04-01 $276,400 (6.5%) $391,907 (10.8%) 0.75 758
2021-05-01 $292,450 (8.5%) $417,585 (15.6%) 0.78 684
2021-06-01 $290,665 (7.9%) $420,030 (14.1%) 0.77 699
2021-07-01 $298,000 (9.6%) $426,972 (13.5%) 0.79 829
2021-08-01 $298,750 (7.5%) $418,023 (11.0%) 0.80 908
2021-09-01 $288,750 (3.2%) $404,513 (4.4%) 0.77 959
2021-10-01 $295,000 (5.4%) $403,883 (3.9%) 0.79 935
2021-11-01 $294,723 (5.5%) $404,324 (5.6%) 0.79 885
2021-12-01 $286,475 (5.5%) $396,686 (4.4%) 0.78 828
2022-01-01 $289,700 (7.3%) $402,728 (4.9%) 0.78 822
2022-02-01 $299,450 (9.9%) $425,059 (10.6%) 0.78 746
2022-03-01 $304,594 (10.8%) $432,325 (12.4%) 0.76 732
2022-04-01 $315,000 (14.0%) $427,317 (9.0%) 0.75 777
2022-05-01 $331,403 (13.3%) $434,008 (3.9%) 0.76 923
2022-06-01 $330,975 (13.9%) $438,975 (4.5%) 0.74 1,081
2022-07-01 $320,000 (7.4%) $430,965 (0.9%) 0.72 1,327
2022-08-01 $313,000 (4.8%) $426,693 (2.1%) 0.72 1,455
2022-09-01 $312,786 (8.3%) $428,075 (5.8%) 0.73 1,413
2022-10-01 $310,000 (5.1%) $429,579 (6.4%) 0.73 1,448
2022-11-01 $310,839 (5.5%) $432,710 (7.0%) 0.75 1,498
2022-12-01 $313,550 (9.5%) $427,184 (7.7%) 0.77 1,407
2023-01-01 $319,000 (10.1%) $428,056 (6.3%) 0.79 1,350
2023-02-01 $326,595 (9.1%) $445,108 (4.7%) 0.79 1,310
2023-03-01 $330,648 (8.6%) $455,245 (5.3%) 0.78 1,340
2023-04-01 $349,900 (11.1%) $471,568 (10.4%) 0.81 1,340
2023-05-01 $355,000 (7.1%) $491,023 (13.1%) 0.81 1,363
2023-06-01 $360,000 (8.8%) $495,347 (12.8%) 0.81 1,540
2023-07-01 $356,876 (11.5%) $484,062 (12.3%) 0.81 1,597
2023-08-01 $355,000 (13.4%) $485,398 (13.8%) 0.82 1,672
2023-09-01 $347,910 (11.2%) $467,335 (9.2%) 0.81 1,769
2023-10-01 $347,578 (12.1%) $468,708 (9.1%) 0.82 1,838
2023-11-01 $347,750 (11.9%) $463,255 (7.1%) 0.83 1,859
2023-12-01 $339,995 (8.4%) $453,516 (6.2%) 0.83 1,832
2024-01-01 $339,450 (6.4%) $449,447 (5.0%) 0.83 1,802
2024-02-01 $335,000 (2.6%) $447,057 (0.4%) 0.81 1,836
2024-03-01 $345,000 (4.3%) $465,226 (2.2%) 0.81 1,946
2024-04-01 $349,449 (-0.1%) $471,538 (0.0%) 0.81 2,058
2024-05-01 $359,975 (1.4%) $485,422 (-1.1%) 0.81 2,136
2024-06-01 $369,900 (2.8%) $491,389 (-0.8%) 0.83 2,252
2024-07-01 $369,995 (3.7%) $496,586 (2.6%) 0.85 2,349
2024-08-01 $355,000 (0.0%) $486,701 (0.3%) 0.83 2,330
2024-09-01 $347,869 (0.0%) $471,754 (1.0%) 0.82 2,352
2024-10-01 $339,950 (-2.2%) $464,435 (-0.9%) 0.80 2,313
Corpus Christi's median listing price for 2024-10-01 was $339,950, a difference of $-7,628 (-2.2%) versus the prior year and $-7,919 versus the prior month.

Corpus Christi's median listing price comes in at 80% of the national average.

Corpus Christi's average listing price for 2024-10-01 was $464,435, a difference of $-4,273 (-0.9%) versus the prior year and $-7,319 versus the prior month.

For the 2024-10-01 period, Corpus Christi had 2,313 MLS listings, a difference of -39 listings (-2%) versus the prior month and 475 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 1,818 sqft
2018-02-01 88 days 1,823 sqft
2018-03-01 66 days 1,844 sqft
2018-04-01 63 days 1,857 sqft
2018-05-01 65 days 1,851 sqft
2018-06-01 64 days 1,856 sqft
2018-07-01 62 days 1,864 sqft
2018-08-01 65 days 1,874 sqft
2018-09-01 73 days 1,886 sqft
2018-10-01 77 days 1,890 sqft
2018-11-01 82 days 1,877 sqft
2018-12-01 87 days 1,850 sqft
2019-01-01 93 days 1,840 sqft
2019-02-01 83 days 1,815 sqft
2019-03-01 76 days 1,828 sqft
2019-04-01 72 days 1,850 sqft
2019-05-01 73 days 1,848 sqft
2019-06-01 75 days 1,850 sqft
2019-07-01 73 days 1,844 sqft
2019-08-01 76 days 1,855 sqft
2019-09-01 77 days 1,866 sqft
2019-10-01 80 days 1,874 sqft
2019-11-01 89 days 1,851 sqft
2019-12-01 96 days 1,837 sqft
2020-01-01 92 days 1,827 sqft
2020-02-01 87 days 1,815 sqft
2020-03-01 68 days 1,833 sqft
2020-04-01 73 days 1,798 sqft
2020-05-01 85 days 1,845 sqft
2020-06-01 86 days 1,855 sqft
2020-07-01 73 days 1,877 sqft
2020-08-01 75 days 1,877 sqft
2020-09-01 73 days 1,869 sqft
2020-10-01 71 days 1,876 sqft
2020-11-01 71 days 1,805 sqft
2020-12-01 81 days 1,812 sqft
2021-01-01 85 days 1,780 sqft
2021-02-01 66 days 1,800 sqft
2021-03-01 64 days 1,775 sqft
2021-04-01 60 days 1,729 sqft
2021-05-01 51 days 1,785 sqft
2021-06-01 52 days 1,763 sqft
2021-07-01 45 days 1,789 sqft
2021-08-01 51 days 1,761 sqft
2021-09-01 52 days 1,739 sqft
2021-10-01 56 days 1,740 sqft
2021-11-01 59 days 1,743 sqft
2021-12-01 57 days 1,736 sqft
2022-01-01 63 days 1,735 sqft
2022-02-01 56 days 1,757 sqft
2022-03-01 48 days 1,753 sqft
2022-04-01 39 days 1,750 sqft
2022-05-01 38 days 1,775 sqft
2022-06-01 40 days 1,752 sqft
2022-07-01 44 days 1,747 sqft
2022-08-01 51 days 1,695 sqft
2022-09-01 63 days 1,680 sqft
2022-10-01 68 days 1,719 sqft
2022-11-01 77 days 1,732 sqft
2022-12-01 75 days 1,734 sqft
2023-01-01 82 days 1,740 sqft
2023-02-01 73 days 1,740 sqft
2023-03-01 62 days 1,776 sqft
2023-04-01 62 days 1,776 sqft
2023-05-01 64 days 1,773 sqft
2023-06-01 57 days 1,785 sqft
2023-07-01 59 days 1,745 sqft
2023-08-01 64 days 1,752 sqft
2023-09-01 65 days 1,720 sqft
2023-10-01 67 days 1,708 sqft
2023-11-01 72 days 1,708 sqft
2023-12-01 78 days 1,680 sqft
2024-01-01 80 days 1,676 sqft
2024-02-01 74 days 1,652 sqft
2024-03-01 62 days 1,654 sqft
2024-04-01 64 days 1,651 sqft
2024-05-01 69 days 1,662 sqft
2024-06-01 71 days 1,655 sqft
2024-07-01 76 days 1,668 sqft
2024-08-01 80 days 1,654 sqft
2024-09-01 86 days 1,644 sqft
2024-10-01 85 days 1,638 sqft
Corpus Christi's median listing age (time on market) for 2024-10-01 was 85 days. This is 27% longer than the same period one year ago.

Corpus Christi's median square footage for active listings during the 2024-10-01 period was 1,638 sqft. One year prior, the average listing was 1,708 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).