Dallas FHA Loan Rates, Closing Costs & Stats

Dallas-Fort Worth-Arlington, 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.

Dallas's 321 lenders originated 19,126 FHA loans during 2022. The total origination value was $5,901,270,000, with an average FHA loan value of $308,547.

Dallas FHA Loans, 30 Year Fixed Rates

30 Year FHA mortgages in Dallas averaged 6.3% for the week of 2024-03-01, compared to the national average (all FHA variants) of 6.688% for the same period.

Dallas's average FHA mortgage closing costs are $9,099.

The average rate for the prior week (2024-02-23) was 6.29% and one month ago for the week of 2024-01-26, the average rate was 6.08%.

The average rate one year ago was 6.21%.

For refis of the same type during the week of 2024-03-01, the average rate was 5.11%.

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

Dallas 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 Dallas level.

Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
DHI MORTGAGE COMPANY, LTD. 2,374 4.53% $10,660
EVERETT FINANCIAL, INC. 814 5.54% $8,860
UNITED WHOLESALE MORTGAGE, LLC 742 5.14% $12,838
CARDINAL FINANCIAL 682 5.15% $13,347
EAGLE HOME MORTGAGE, LLC 639 4.71% $10,088
Town Square Mortgage & Investments, Inc. 588 5.58% $11,558
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 578 5.46% $12,713
LOANDEPOT.COM, LLC 509 5.12% $12,360
QUICKEN LOANS, LLC 488 4.61% $12,565
SFMC, LP 443 5.42% $14,397
AMCAP MORTGAGE, LTD. 348 5.37% $14,589
GUILD MORTGAGE COMPANY 330 5.30% $13,088
CALIBER HOME LOANS, INC. 282 4.90% $12,029
PULTE MORTGAGE LLC 244 4.79% $8,642
Paramount Residential Mortgage Group, Inc. 238 4.95% $14,813
GUARANTEED RATE, INC. 223 5.18% $13,873
PRIMELENDING, A PLAINSCAPITAL COMPANY 206 4.98% $14,423
HOMESIDE FINANCIAL, LLC 205 4.76% $14,824
FREEDOM MORTGAGE CORPORATION 204 4.55% $11,656
CROSSCOUNTRY MORTGAGE, LLC 200 5.77% $14,283
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 187 5.25% $14,841
Gateway First Bank 170 5.48% $11,051
Republic State Mortgage Co. 153 5.03% $13,658
ARK-LA-TEX FINANCIAL SERVICES, LLC. 149 5.34% $10,295
SECURITYNATIONAL MORTGAGE COMPANY 145 5.47% $13,163
S1L, Inc. 141 5.37% $12,906
PENNYMAC LOAN SERVICES, LLC 136 3.93% $9,775
LAKEVIEW LOAN SERVICING, LLC 128 3.35% $6,062
SOUTHWEST FUNDING, LP 124 5.46% $16,212
PLANET HOME LENDING, LLC 116 4.74% $10,906
ACADEMY MORTGAGE CORPORATION 103 5.46% $13,022
DAS Acquisition Company, LLC 101 5.45% $15,082
CHERRY CREEK MORTGAGE, LLC 98 5.93% $4,889
Lakeview Community Capital, LLC 96 3.33% $5,738
BROKER SOLUTIONS, INC. 93 5.17% $12,426
VELOCIO MORTGAGE L.L.C. 92 5.18% $14,189
Flagstar Bank, FSB 91 4.72% $11,207
Trinity Oaks Mortgage, LLC 90 4.99% $16,582
CMG MORTGAGE, INC. 88 5.25% $13,451
WILLOW BEND MORTGAGE COMPANY, LLC 87 5.22% $12,061
THRIVE MORTGAGE, LLC 86 4.99% $15,721
HOME POINT FINANCIAL CORPORATION 85 4.50% $12,929
MOVEMENT MORTGAGE, LLC 85 5.21% $12,195
Equity Prime Mortgage LLC 85 5.51% $13,192
ASPIRE FINANCIAL, INC. 82 4.68% $11,907
Neighborhood Loans, Inc. 80 6.02% $14,224
Independent Bank 79 5.58% $12,992
Mr. Cooper ( Nationstar Mortgage ) 78 3.82% $7,553
First United Bank and Trust Company 74 5.37% $12,574
GREAT WESTERN FINANCIAL SERVICES, INC. 73 5.01% $13,519
MORTGAGE FINANCIAL SERVICES, LLC 72 4.77% $12,877
EUSTIS AND AMERICAN MORTGAGE COMPANY 69 4.90% $12,768
LHM FINANCIAL CORPORATION 66 5.41% $12,396
PLAZA HOME MORTGAGE, INC. 65 4.99% $14,225
HOMEBRIDGE FINANCIAL SERVICES, INC. 59 4.87% $13,826
MID AMERICA MORTGAGE, INC. 58 4.94% $6,832
BROOKHOLLOW MORTGAGE SERVICES, LTD 56 4.99% $16,707
NATIONS RELIABLE LENDING, LLC 55 5.47% $13,453
Loan Simple, Inc. 54 5.52% $12,894
PRIMARY RESIDENTIAL MORTGAGE, INC. 53 5.05% $13,933
Prosperity Home Mortgage, LLC 51 5.61% $11,592
AMERISAVE MORTGAGE CORPORATION 49 4.56% $14,739
BECKAM FUNDING CORP. 47 5.75% $20,590
OPEN MORTGAGE, LLC 46 4.98% $12,832
GUARANTEED RATE AFFINITY, LLC 46 5.52% $13,400
MORTGAGE SOLUTIONS OF COLORADO, LLC 46 5.37% $14,433
K. HOVNANIAN AMERICAN MORTGAGE, L.L.C. 43 4.92% $13,864
M/I FINANCIAL, LLC 43 4.52% $14,142
INTEGRITY MORTGAGE CORPORATION OF TEXAS 43 5.29% $12,276
CORNERSTONE HOME LENDING, INC. 38 5.59% $16,737
T2 FINANCIAL LLC 38 5.61% $12,918
Century Mortgage Company DBA Century Lending Company 38 5.20% $12,891
SUMMIT FUNDING, INC. 37 5.15% $12,424
City Bank 37 5.00% $12,924
INTERLINC MORTGAGE SERVICES, LLC 37 5.11% $13,968
NEWREZ LLC 36 4.94% $9,930
GENEVA FINANCIAL, LLC 36 5.41% $14,787
BancorpSouth 35 5.40% $10,278
SUN WEST MORTGAGE COMPANY, INC. 35 5.54% $11,239
SWBC MORTGAGE CORPORATION 34 5.42% $11,673
CALCON MUTUAL MORTGAGE LLC 33 5.74% $15,587
VILLAGE CAPITAL MORTGAGE 32 3.34% $3,908
First Bank 32 5.11% $13,195
JPMorgan Chase Bank 32 5.11% $8,566
Carrington Mortgage Services, LLC 31 4.60% $12,377
Bank of England 31 5.22% $13,684
THE MORTGAGE LINK, INC. 31 5.94% $15,580
Sunflower Bank 31 4.90% $12,072
UNION HOME MORTGAGE CORP. 30 5.33% $12,441
Bank of America 30 4.44% $8,963
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 29 5.53% $13,242
Waterstone Mortgage Corporation 26 5.77% $13,519
Lend Smart Mortgage, LLC 26 5.93% $10,238
AMERICAN PACIFIC MORTGAGE CORPORATION 26 5.19% $13,490
The Home Loan Expert LLC 24 4.31% $11,296
CERTAINTY HOME LOANS, LLC 23 4.99% $11,024
Origin Bank 22 4.74% $10,307
BOKF 22 5.20% $11,583
Colonial Savings, F.A. 22 4.74% $9,924
KBHS HOME LOANS, LLC 22 4.97% $15,975
First Guaranty Mortgage Corporation 22 4.04% $10,024
Nations Lending Corporation 21 5.08% $11,597
NFM, INC. 21 6.15% $15,468
SUCCESS MORTGAGE PARTNERS, INC. 19 5.22% $14,853
Citizens Bank 19 4.66% $13,091
Amerifirst Financial, Inc. 19 4.84% $12,130
DRAPER AND KRAMER MORTGAGE CORP. 19 5.27% $13,933
CRESTMARK MORTGAGE COMPANY, LTD. 19 4.98% $13,397
BAY EQUITY LLC 18 5.61% $13,646
Plains Commerce Bank 18 5.25% $13,200
Midwest Mortgage Associates Corporation 18 4.95% $10,690
ANGEL OAK HOME LOANS LLC 18 5.08% $16,105
ZILLOW HOME LOANS, LLC 17 5.38% $12,985
Wells Fargo Bank 17 4.49% $8,886
KELLER MORTGAGE, LLC 17 5.10% $10,954
NTFN, INC. 17 5.40% $13,885
SENTE MORTGAGE, INC. 17 5.71% $11,444
PRIORITY HOME MORTGAGE, L.P. 17 5.00% $10,867
TOWNE MORTGAGE COMPANY 16 4.54% $13,687
Network Funding, L.P. 16 5.51% $12,073
MICHIGAN MUTUAL, INC. 16 4.78% $13,549
CHURCHILL MORTGAGE CORPORATION 16 5.36% $14,012
Encompass Lending Group, LP 16 5.52% $12,624
MEMBER FIRST MORTGAGE, LLC 15 4.73% $9,947
Mortgage Research Center, LLC 15 5.30% $9,169
FINANCE OF AMERICA MORTGAGE LLC 14 4.55% $13,770
CLM MORTGAGE, INC 14 5.37% $15,416
PANORAMA MORTGAGE GROUP, LLC 14 6.22% $14,220
Hometown Lenders, Inc. 13 4.42% $11,799
LEADERONE FINANCIAL CORPORATION 13 5.12% $12,461
Austin Capital Bank SSB 13 4.76% $13,584
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 13 5.15% $17,921
Northpointe Bank 12 4.61% $11,673
V.I.P. MORTGAGE, INC. 12 4.83% $12,393
First Bank & Trust 12 4.76% $10,355
INSPIRE HOME LOANS INC. 12 5.01% $13,074
J. VIRGIL, INC. 12 4.94% $12,780
INTERCAP LENDING INC. 11 4.90% $15,953
MUTUAL OF OMAHA MORTGAGE, INC. 11 4.65% $12,458
South Pacific Financial Corporation 11 4.19% $16,789
First State Bank 10 5.30% $14,830
CITY FIRST MORTGAGE SERVICES, L.L.C. 10 5.36% $13,184
OCMBC, INC. 10 6.04% $17,287
Wyndham Capital Mortgage, Inc. 10 4.44% $10,542
FIRST CENTENNIAL MORTGAGE CORPORATION 9 4.51% $11,643
AMERICAN FINANCIAL RESOURCES, INC. 9 4.85% $9,495
NATIONS DIRECT MORTGAGE, LLC 8 4.39% $13,849
VAN DYK MORTGAGE CORPORATION 8 4.80% $10,658
Affiliated Bank 8 5.23% $12,648
Great Plains National Bank 7 5.29% $13,460
First National Bank 7 5.13% $10,223
First Option Mortgage, LLC 7 5.02% $16,918
Barrington Bank & Trust Company, N.A. 7 5.00% $10,362
Ixonia Bank 7 5.84% $18,321
LAND HOME FINANCIAL SERVICES, INC. 7 6.02% $15,081
PILGRIM MORTGAGE LLC 7 5.70% $12,314
AmeriHome Mortgage Company, LLC 7 5.36% $12,497
Prosperity Bank 7 4.79% $11,166
NBH Bank 7 5.45% $11,986
NBKC BANK 7 4.64% $11,444
Magnolia Bank 6 4.77% $11,734
RANLIFE, INC. 6 5.44% $15,082
ON Q FINANCIAL, INC. 6 5.75% $9,770
First Home Bank 6 5.35% $13,406
Sierra Pacific Mortgage Company, Inc. 6 4.90% $13,954
GSB MORTGAGE, INC. 6 4.35% $11,632
NOVA FINANCIAL & INVESTMENT CORPORATION 6 5.81% $6,835
CORNERSTONE MORTGAGE PARTNERS OF TEXAS, L.P. 6 4.65% $17,851
First Financial Bank 5 3.68% $12,852
Hometown Equity Mortgage, LLC 5 5.60% $14,116
CANOPY MORTGAGE, LLC 5 6.30% $17,637
U.S. Bank 5 5.12% $12,264
DIRECTIONS EQUITY, LLC 5 4.53% $7,799
FC LENDING, LTD. 5 5.38% $12,674
SOUTHWEST STAGE FUNDING, LLC 5 4.43% $8,117
AmRes Corporation 5 3.95% $14,963
First National Bank Texas 5 6.03% $10,012
NexBank 5 5.25% $11,995
TruHome Solutions, LLC 5 5.35% $10,161
MORIA DEVELOPMENT, INC. 5 5.73% $11,778
BNC National Bank 4 4.66% $11,935
Centennial Bank 4 4.88% $12,198
LEGEND LENDING CORPORATION 4 5.00% $11,630
Simmons Bank 4 5.69% $10,776
LIBERTY HOME MORTGAGE CORPORATION 4 5.69% $9,956
ENDEAVOR CAPITAL, LLC. 4 5.15% $15,668
LOANPAL, LLC 4 2.78% $11,484
ARC HOME LLC 4 4.63% $11,171
Strong Home Mortgage, LLC 4 4.28% $8,856
American Bank of Oklahoma 4 4.25% $10,029
Commercial Bank of Texas 4 5.03% $11,784
North American Savings Bank, F.S.B. 4 4.63% $10,559
The Federal Savings Bank 4 4.34% $15,128
American National Bank & Trust 4 5.00% $15,129
UNITED MORTGAGE CORP 4 6.03% $14,139
DATCU 3 5.29% $6,642
AHL FUNDING 3 5.08% $14,443
PHH Mortgage Corporation 3 5.50% $12,721
FLAT BRANCH MORTGAGE, INC. 3 4.63% $11,317
PREMIER MORTGAGE RESOURCES, L.L.C. 3 4.46% $17,099
ROUNDPOINT MORTGAGE SERVICING CORPORATION 3 3.88% $6,915
BETTER MORTGAGE CORPORATION 3 3.92% $12,574
ASSOCIATED MORTGAGE CORPORATION 3 5.50% $16,153
American Mortgage Bank, LLC 3 6.29% $10,037
UNITED SECURITY FINANCIAL CORP 3 4.88% $14,803
First Horizon Bank 3 5.54% $10,950
First Savings Bank 3 5.21% $15,088
Peoples Bank 3 5.46% $17,027
Colten Mortgage, LLC 3 4.54% $16,596
Commerce Home Mortgage, Inc. 3 3.96% $10,680
BELEM SERVICING LLC 2 6.88% $11,691
American Bank of Commerce 2 4.44% $11,823
Assurance Financial Group, L.L.C. 2 3.81% $9,846
BKCO MORTGAGE, LLC 2 5.19% $12,887
CASTLE & COOKE MORTGAGE, LLC 2 6.50% $13,006
CityWorth Mortgage LLC 2 4.00% $14,715
CONTOUR MORTGAGE CORPORATION 2 4.81% $10,806
COUNTRYPLACE MORTGAGE, LTD. 2 4.63% $13,908
FBC MORTGAGE, LLC 2 6.25% $10,477
FIRST CONTINENTAL MORTGAGE, LTD. 2 5.25% $11,741
First Internet Bank of Indiana 2 4.62% $12,252
FirstTrust Home Loans, Inc. 2 5.19% $15,810
Goldwater Bank, N.A. 2 5.19% $11,764
HAMILTON HOME LOANS, INC. 2 5.00% $9,035
HANCOCK MORTGAGE PARTNERS, LLC 2 4.13% $15,586
HOMESTAR FINANCIAL CORPORATION 2 5.19% $9,408
HOMETRUST MORTGAGE COMPANY 2 6.75% $11,639
LENOX FINANCIAL MORTGAGE CORPORATION 2 4.69% $16,808
LOANPEOPLE, LLC 2 5.94% $14,628
MLD MORTGAGE INC. 2 5.19% $11,301
ML Mortgage Corp. 2 4.81% $15,429
MORTGAGE ACCESS CORP. 2 6.13% $17,721
MORTGAGE MANAGEMENT CONSULTANTS, INC. 2 4.50% $9,386
MOUNTAIN WEST FINANCIAL, INC. 2 5.44% $8,850
NETWORK CAPITAL FUNDING CORPORATION 2 3.13% $9,603
OCEANSIDE MORTGAGE COMPANY 2 3.38% $3,448
PENTAGON FEDERAL CREDIT UNION 2 4.44% $9,028
PNC Bank 2 5.13% $9,667
PREMIA MORTGAGE, LLC 2 6.69% $9,043
RED DIAMOND HOME LOANS, LLC 2 4.31% $12,532
RELIANCE FIRST CAPITAL, LLC 2 6.88% $12,723
SeaTrust Mortgage Company 2 6.62% $13,517
Semper Home Loans, Inc. 2 6.00% $10,229
SIRVA MORTGAGE, INC. 2 3.94% $9,533
Stride Bank 2 6.00% $8,368
TEXAS TECH 2 5.56% $6,382
The Central Trust Bank 2 5.19% $8,887
Truist 2 5.49% $9,587
United Fidelity Funding Corp. 2 5.31% $13,772
Wallick & Volk, Inc. 2 5.88% $9,571
Ameris Bank 1 4.63% $17,568
Regions Bank 1 4.38% $10,692
AMERIFIRST FINANCIAL CORPORATION 1 6.25% $13,480
Luxury Mortgage Corp. 1 3.50% $15,564
RESIDENTIAL BANCORP 1 5.50% $15,645
RESIDENTIAL WHOLESALE MORTGAGE, INC. 1 4.25% $12,765
JMJ FINANCIAL GROUP 1 6.50% $18,685
JMAC LENDING, INC. 1 7.38% $19,075
AMERICA'S CHOICE HOME LOANS LP 1 3.00% $9,045
HOMEOWNERS FINANCIAL GROUP USA, LLC 1 4.63% $16,979
Security State Bank & Trust 1 5.13% $11,465
AMERICAN HOMESTAR MORTGAGE, L.L.C. 1 5.25% $13,451
HOME APPROVALS DIRECT, INC. 1 4.50% $16,491
GROUP MORTGAGE, LLC 1 3.75% $12,585
Golden Empire Mortgage, Inc. 1 4.88% $20,837
GERSHMAN INVESTMENT CORP. 1 4.25% $10,104
1ST SIGNATURE LENDING, LLC 1 6.75% $12,050
SIWELL, INC. 1 2.75% $7,622
Franklin Loan Corporation 1 5.50% $16,456
SOUTHPOINT FINANCIAL SERVICES, INC. 1 5.50% $19,596
Southside Bank 1 3.50% $5,877
Flanagan State Bank 1 7.13% $24,324
First State Bank of St. Charles, Missouri 1 5.13% $8,602
Specialized Loan Servicing LLC 1 3.63% $4,595
Watermark Capital, Inc. 1 6.50% $20,259
First National Bank of Omaha 1 4.00% $10,808
First Mortgage Solutions, LLC 1 3.49% $8,354
First Federal Bank 1 3.13% $9,374
FIRST COMMUNITY MORTGAGE, INC. 1 5.50% $12,689
FirstBank 1 4.63% $12,077
FIDELITY BANK 1 4.63% $8,844
FAY SERVICING, LLC 1 5.25% $17,324
Texana Bank 1 3.50% $13,931
Texas Mortgage Lending, LLC 1 5.63% $13,829
AMERICAN FINANCING CORPORATION 1 4.75% $14,997
Amarillo National Bank 1 6.13% $10,017
EVERGREEN MONEYSOURCE MORTGAGE COMPANY 1 7.25% $11,702
ENVOY MORTGAGE, LTD 1 5.50% $20,908
THE MORTGAGE FIRM, INC. 1 7.00% $9,466
EECU 1 5.63% $17,787
THOMPSON KANE & COMPANY, LLC 1 5.63% $11,913
DATA MORTGAGE, INC. 1 5.50% $13,220
TIB The Independent Bankersbank 1 4.13% $14,986
TOP FLITE FINANCIAL, INC. 1 4.75% $8,746
Credence Funding Corporation 1 2.50% $5,450
COMPASS MORTGAGE, INC. 1 6.75% $16,433
Comerica Bank 1 4.13% $9,996
CHAMPIONS MORTGAGE LLC 1 2.75% $8,468
Acre Mortgage and Financial Inc 1 5.38% $14,825
UMB Bank 1 5.63% $11,612
Chambers Bank 1 6.50% $12,029
Academy Bank 1 3.50% $9,070
BEST CAPITAL FUNDING 1 5.13% $10,032
UNITED NORTHERN MORTGAGE BANKERS LIMITED 1 6.13% $14,829
1ST 2ND MORTGAGE COMPANY OF N.J., INC. 1 4.50% $14,457
BAYSHORE MORTGAGE FUNDING, LLC 1 6.88% $13,418
UNIVERSAL LENDING CORPORATION 1 5.63% $10,705
UNIVERSITY Federal Credit Union 1 3.00% $7,212
Arvest Bank 1 3.50% $14,397
US MORTGAGE CORPORATION 1 4.75% $12,380
PLUS RELOCATION MORTGAGE, LLC 1 5.25% $15,194
Platinum Home Mortgage Corporation 1 5.99% $16,082
Paramount Bank 1 5.50% $13,600
Princeton Mortgage Corporation 1 3.88% $19,573
Pacific Lending LLC 1 7.63% $10,146
NEXERA HOLDING LLC 1 6.13% $19,684
NATIONWIDE MORTGAGE BANKERS, INC. 1 6.75% $15,295
MY MORTGAGE, INC. 1 5.13% $12,237
MidFirst Bank 1 4.63% $10,601
RADIUS FINANCIAL GROUP INC. 1 7.25% $23,198
MATTAMY HOME FUNDING, LLC 1 4.63% $27,612

The top Dallas FHA lender as defined by loan originations is DHI MORTGAGE COMPANY, LTD., with 2,374 FHA loans originated. Their average total fees are $10,660, which is $1,800 higher than the next largest lender, EVERETT FINANCIAL, INC..

The lowest fee Dallas FHA lenders (with over 10 loans originated) are VILLAGE CAPITAL MORTGAGE ($3,908), CHERRY CREEK MORTGAGE, LLC ($4,889), Lakeview Community Capital, LLC ($5,738), LAKEVIEW LOAN SERVICING, LLC ($6,062) and MID AMERICA MORTGAGE, INC. ($6,832).

The lowest rate Dallas FHA lenders (with over 10 loans originated) are Lakeview Community Capital, LLC (3.33%), VILLAGE CAPITAL MORTGAGE (3.34%), LAKEVIEW LOAN SERVICING, LLC (3.35%), Mr. Cooper ( Nationstar Mortgage ) (3.82%) and PENNYMAC LOAN SERVICES, LLC (3.93%).

Dallas FHA Loan Limits

Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
DALLAS-FORT WORTH-ARLINGTON, TX COLLIN 2022 $450,800 $577,100 $697,600 $866,950
DALLAS-FORT WORTH-ARLINGTON, TX DALLAS 2022 $450,800 $577,100 $697,600 $866,950
DALLAS-FORT WORTH-ARLINGTON, TX DENTON 2022 $450,800 $577,100 $697,600 $866,950
DALLAS-FORT WORTH-ARLINGTON, TX ELLIS 2022 $450,800 $577,100 $697,600 $866,950
DALLAS-FORT WORTH-ARLINGTON, TX HUNT 2022 $450,800 $577,100 $697,600 $866,950
DALLAS-FORT WORTH-ARLINGTON, TX JOHNSON 2022 $450,800 $577,100 $697,600 $866,950
DALLAS-FORT WORTH-ARLINGTON, TX KAUFMAN 2022 $450,800 $577,100 $697,600 $866,950
DALLAS-FORT WORTH-ARLINGTON, TX PARKER 2022 $450,800 $577,100 $697,600 $866,950
DALLAS-FORT WORTH-ARLINGTON, TX ROCKWALL 2022 $450,800 $577,100 $697,600 $866,950
DALLAS-FORT WORTH-ARLINGTON, TX TARRANT 2022 $450,800 $577,100 $697,600 $866,950
DALLAS-FORT WORTH-ARLINGTON, TX WISE 2022 $450,800 $577,100 $697,600 $866,950
DALLAS-FORT WORTH-ARLINGTON, TX COLLIN 2023 $531,300 $680,150 $822,150 $1,021,750
DALLAS-FORT WORTH-ARLINGTON, TX DALLAS 2023 $531,300 $680,150 $822,150 $1,021,750
DALLAS-FORT WORTH-ARLINGTON, TX DENTON 2023 $531,300 $680,150 $822,150 $1,021,750
DALLAS-FORT WORTH-ARLINGTON, TX ELLIS 2023 $531,300 $680,150 $822,150 $1,021,750
DALLAS-FORT WORTH-ARLINGTON, TX HUNT 2023 $531,300 $680,150 $822,150 $1,021,750
DALLAS-FORT WORTH-ARLINGTON, TX JOHNSON 2023 $531,300 $680,150 $822,150 $1,021,750
DALLAS-FORT WORTH-ARLINGTON, TX KAUFMAN 2023 $531,300 $680,150 $822,150 $1,021,750
DALLAS-FORT WORTH-ARLINGTON, TX PARKER 2023 $531,300 $680,150 $822,150 $1,021,750
DALLAS-FORT WORTH-ARLINGTON, TX ROCKWALL 2023 $531,300 $680,150 $822,150 $1,021,750
DALLAS-FORT WORTH-ARLINGTON, TX TARRANT 2023 $531,300 $680,150 $822,150 $1,021,750
DALLAS-FORT WORTH-ARLINGTON, TX WISE 2023 $531,300 $680,150 $822,150 $1,021,750

Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Dallas (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 $354,950 (0.0%) $496,904 (-2.5%) 1.32 14,301
2018-02-01 $369,450 (0.7%) $519,993 (-0.8%) 1.34 14,288
2018-03-01 $374,305 (0.0%) $528,387 (-2.6%) 1.31 15,267
2018-04-01 $378,710 (-0.3%) $537,081 (-3.0%) 1.28 16,626
2018-05-01 $384,950 (0.8%) $543,282 (-1.7%) 1.29 18,219
2018-06-01 $374,900 (0.0%) $525,289 (-2.9%) 1.25 20,149
2018-07-01 $366,000 (-0.8%) $511,318 (-2.3%) 1.22 22,047
2018-08-01 $350,000 (-2.0%) $486,635 (-2.3%) 1.17 22,540
2018-09-01 $347,397 (-0.7%) $483,071 (-2.8%) 1.17 22,642
2018-10-01 $345,000 (-1.6%) $482,658 (-3.3%) 1.17 22,803
2018-11-01 $344,900 (-1.5%) $482,839 (-2.9%) 1.17 22,367
2018-12-01 $339,990 (-2.9%) $476,952 (-3.4%) 1.17 20,538
2019-01-01 $339,945 (-4.2%) $472,167 (-5.0%) 1.17 18,995
2019-02-01 $347,465 (-6.0%) $486,417 (-6.5%) 1.17 19,529
2019-03-01 $353,714 (-5.5%) $497,772 (-5.8%) 1.16 20,203
2019-04-01 $360,000 (-4.9%) $508,852 (-5.3%) 1.14 21,048
2019-05-01 $364,445 (-5.3%) $508,259 (-6.5%) 1.14 22,291
2019-06-01 $359,100 (-4.2%) $503,340 (-4.2%) 1.12 23,919
2019-07-01 $355,098 (-3.0%) $493,719 (-3.4%) 1.11 24,731
2019-08-01 $347,947 (-0.6%) $481,664 (-1.0%) 1.10 24,705
2019-09-01 $344,883 (-0.7%) $477,984 (-1.1%) 1.10 24,316
2019-10-01 $344,050 (-0.3%) $477,293 (-1.1%) 1.11 23,804
2019-11-01 $342,900 (-0.6%) $476,284 (-1.4%) 1.12 22,135
2019-12-01 $337,615 (-0.7%) $469,771 (-1.5%) 1.13 19,621
2020-01-01 $336,250 (-1.1%) $466,527 (-1.2%) 1.12 17,942
2020-02-01 $340,000 (-2.2%) $475,030 (-2.3%) 1.11 17,632
2020-03-01 $329,192 (-6.9%) $449,529 (-9.7%) 1.03 19,660
2020-04-01 $339,996 (-5.6%) $471,211 (-7.4%) 1.07 18,611
2020-05-01 $350,000 (-4.0%) $497,405 (-2.1%) 1.06 18,799
2020-06-01 $359,000 (0.0%) $514,872 (2.3%) 1.06 16,969
2020-07-01 $360,000 (1.4%) $523,192 (6.0%) 1.04 15,859
2020-08-01 $360,870 (3.7%) $531,280 (10.3%) 1.03 14,745
2020-09-01 $361,750 (4.9%) $543,107 (13.6%) 1.04 13,601
2020-10-01 $359,000 (4.4%) $550,472 (15.3%) 1.03 12,714
2020-11-01 $362,165 (5.6%) $560,558 (17.7%) 1.06 11,167
2020-12-01 $358,000 (6.0%) $559,676 (19.1%) 1.06 9,408
2021-01-01 $350,000 (4.1%) $552,634 (18.5%) 1.04 8,066
2021-02-01 $359,700 (5.8%) $578,108 (21.7%) 1.05 6,214
2021-03-01 $366,385 (11.3%) $579,035 (28.8%) 1.04 5,817
2021-04-01 $375,000 (10.3%) $594,847 (26.2%) 1.02 5,689
2021-05-01 $381,323 (9.0%) $583,848 (17.4%) 1.01 6,008
2021-06-01 $389,945 (8.6%) $590,976 (14.8%) 1.03 6,941
2021-07-01 $397,630 (10.5%) $576,364 (10.2%) 1.05 8,383
2021-08-01 $399,000 (10.6%) $566,105 (6.6%) 1.06 9,243
2021-09-01 $398,985 (10.3%) $563,234 (3.7%) 1.06 8,912
2021-10-01 $399,000 (11.1%) $574,976 (4.5%) 1.06 8,276
2021-11-01 $400,000 (10.5%) $583,690 (4.1%) 1.07 7,342
2021-12-01 $400,000 (11.7%) $584,070 (4.4%) 1.08 6,253
2022-01-01 $403,950 (15.4%) $596,816 (8.0%) 1.09 4,891
2022-02-01 $412,000 (14.5%) $640,183 (10.7%) 1.07 4,136
2022-03-01 $425,000 (16.0%) $656,912 (13.5%) 1.06 4,547
2022-04-01 $441,610 (17.8%) $672,903 (13.1%) 1.05 5,419
2022-05-01 $476,036 (24.8%) $677,952 (16.1%) 1.09 8,069
2022-06-01 $490,885 (25.9%) $672,716 (13.8%) 1.09 11,259
2022-07-01 $481,000 (21.0%) $644,734 (11.9%) 1.08 14,820
2022-08-01 $462,652 (16.0%) $617,914 (9.2%) 1.07 16,502
2022-09-01 $454,000 (13.8%) $611,067 (8.5%) 1.06 16,480
2022-10-01 $450,000 (12.8%) $612,501 (6.5%) 1.06 17,442
2022-11-01 $448,352 (12.1%) $609,451 (4.4%) 1.08 17,849
2022-12-01 $439,000 (9.8%) $598,252 (2.4%) 1.08 16,308
2023-01-01 $434,200 (7.5%) $590,172 (-1.1%) 1.08 14,659
2023-02-01 $435,000 (5.6%) $598,109 (-6.6%) 1.05 12,773
2023-03-01 $442,152 (4.0%) $618,595 (-5.8%) 1.04 12,392
2023-04-01 $459,900 (4.1%) $648,823 (-3.6%) 1.07 12,525
2023-05-01 $469,435 (-1.4%) $667,570 (-1.5%) 1.06 13,164
2023-06-01 $472,995 (-3.6%) $671,620 (-0.2%) 1.06 14,680
2023-07-01 $470,000 (-2.3%) $665,947 (3.3%) 1.07 16,135
2023-08-01 $464,995 (0.5%) $651,162 (5.4%) 1.07 16,918
2023-09-01 $450,000 (-0.9%) $644,189 (5.4%) 1.05 17,256
2023-10-01 $449,000 (-0.2%) $647,703 (5.8%) 1.06 18,595
2023-11-01 $445,000 (-0.8%) $637,656 (4.6%) 1.06 18,920
2023-12-01 $435,000 (-0.9%) $628,443 (5.1%) 1.06 17,347
2024-01-01 $431,088 (-0.7%) $612,134 (3.7%) 1.05 15,777
Dallas's median listing price for 2024-01-01 was $431,088, a difference of $-3,112 (-0.7%) versus the prior year and $-3,912 versus the prior month.

Dallas's median listing price comes in at 105% of the national average.

Dallas's average listing price for 2024-01-01 was $612,134, a difference of $21,962 (3.7%) versus the prior year and $-16,309 versus the prior month.

For the 2024-01-01 period, Dallas had 15,777 MLS listings, a difference of -1,570 listings (-9%) versus the prior month and 1,118 listings (8%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Dallas (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 64 days 2,590 sqft
2018-02-01 49 days 2,635 sqft
2018-03-01 43 days 2,644 sqft
2018-04-01 39 days 2,676 sqft
2018-05-01 37 days 2,721 sqft
2018-06-01 39 days 2,673 sqft
2018-07-01 40 days 2,627 sqft
2018-08-01 47 days 2,551 sqft
2018-09-01 52 days 2,516 sqft
2018-10-01 56 days 2,499 sqft
2018-11-01 59 days 2,469 sqft
2018-12-01 65 days 2,437 sqft
2019-01-01 67 days 2,415 sqft
2019-02-01 57 days 2,439 sqft
2019-03-01 46 days 2,474 sqft
2019-04-01 44 days 2,507 sqft
2019-05-01 44 days 2,521 sqft
2019-06-01 47 days 2,515 sqft
2019-07-01 49 days 2,491 sqft
2019-08-01 51 days 2,439 sqft
2019-09-01 53 days 2,416 sqft
2019-10-01 54 days 2,405 sqft
2019-11-01 58 days 2,397 sqft
2019-12-01 65 days 2,351 sqft
2020-01-01 66 days 2,328 sqft
2020-02-01 50 days 2,337 sqft
2020-03-01 43 days 2,305 sqft
2020-04-01 49 days 2,328 sqft
2020-05-01 52 days 2,392 sqft
2020-06-01 46 days 2,403 sqft
2020-07-01 45 days 2,396 sqft
2020-08-01 44 days 2,369 sqft
2020-09-01 45 days 2,319 sqft
2020-10-01 46 days 2,297 sqft
2020-11-01 48 days 2,255 sqft
2020-12-01 52 days 2,206 sqft
2021-01-01 49 days 2,162 sqft
2021-02-01 39 days 2,157 sqft
2021-03-01 38 days 2,156 sqft
2021-04-01 29 days 2,151 sqft
2021-05-01 29 days 2,174 sqft
2021-06-01 28 days 2,175 sqft
2021-07-01 27 days 2,174 sqft
2021-08-01 31 days 2,179 sqft
2021-09-01 36 days 2,168 sqft
2021-10-01 36 days 2,154 sqft
2021-11-01 38 days 2,153 sqft
2021-12-01 42 days 2,148 sqft
2022-01-01 40 days 2,124 sqft
2022-02-01 32 days 2,106 sqft
2022-03-01 24 days 2,116 sqft
2022-04-01 23 days 2,153 sqft
2022-05-01 21 days 2,249 sqft
2022-06-01 22 days 2,304 sqft
2022-07-01 29 days 2,295 sqft
2022-08-01 35 days 2,262 sqft
2022-09-01 43 days 2,249 sqft
2022-10-01 44 days 2,248 sqft
2022-11-01 49 days 2,242 sqft
2022-12-01 59 days 2,216 sqft
2023-01-01 64 days 2,190 sqft
2023-02-01 59 days 2,192 sqft
2023-03-01 46 days 2,217 sqft
2023-04-01 39 days 2,272 sqft
2023-05-01 37 days 2,305 sqft
2023-06-01 36 days 2,322 sqft
2023-07-01 37 days 2,318 sqft
2023-08-01 42 days 2,296 sqft
2023-09-01 44 days 2,249 sqft
2023-10-01 46 days 2,227 sqft
2023-11-01 50 days 2,211 sqft
2023-12-01 58 days 2,187 sqft
2024-01-01 63 days 2,165 sqft
Dallas's median listing age (time on market) for 2024-01-01 was 63 days. This is -2% shorter than the same period one year ago.

Dallas's median square footage for active listings during the 2024-01-01 period was 2,165 sqft. One year prior, the average listing was 2,190 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).