Dallas FHA Loan Rates, Closing Costs & Stats

Dallas-Fort Worth-Arlington, TX

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    • 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 -0.59% for the week of 2023-06-02, compared to the national average (all FHA variants) of 0% for the same period.

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

    The average rate for the prior week (2023-05-26) was 6.24% and one month ago for the week of 2023-04-28, the average rate was 5.99%.

    The average rate one year ago was 4.75%.

    For refis of the same type during the week of 2023-06-02, the average rate was -1.27%.

    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 Bank 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%) $496,773 (-2.5%) 1.32 14,317
    2018-02-01 $369,450 (0.7%) $519,841 (-0.8%) 1.34 14,306
    2018-03-01 $374,279 (0.0%) $528,271 (-2.6%) 1.31 15,283
    2018-04-01 $378,710 (-0.3%) $537,030 (-3.0%) 1.28 16,642
    2018-05-01 $384,950 (0.8%) $543,163 (-1.7%) 1.29 18,234
    2018-06-01 $374,900 (0.0%) $525,196 (-2.9%) 1.25 20,162
    2018-07-01 $366,000 (-0.7%) $511,276 (-2.3%) 1.22 22,057
    2018-08-01 $350,000 (-2.0%) $486,556 (-2.3%) 1.17 22,552
    2018-09-01 $347,124 (-0.8%) $482,982 (-2.8%) 1.17 22,653
    2018-10-01 $345,000 (-1.6%) $482,496 (-3.3%) 1.17 22,820
    2018-11-01 $344,900 (-1.5%) $482,687 (-2.9%) 1.17 22,380
    2018-12-01 $339,990 (-2.9%) $476,790 (-3.4%) 1.17 20,551
    2019-01-01 $339,945 (-4.2%) $472,034 (-5.0%) 1.17 19,006
    2019-02-01 $347,450 (-6.0%) $486,361 (-6.4%) 1.17 19,532
    2019-03-01 $353,714 (-5.5%) $497,752 (-5.8%) 1.16 20,208
    2019-04-01 $360,000 (-4.9%) $508,687 (-5.3%) 1.14 21,056
    2019-05-01 $364,440 (-5.3%) $508,099 (-6.5%) 1.14 22,298
    2019-06-01 $359,085 (-4.2%) $503,330 (-4.2%) 1.12 23,926
    2019-07-01 $355,098 (-3.0%) $493,681 (-3.4%) 1.11 24,747
    2019-08-01 $347,924 (-0.6%) $481,621 (-1.0%) 1.10 24,720
    2019-09-01 $344,825 (-0.7%) $477,904 (-1.1%) 1.10 24,331
    2019-10-01 $344,002 (-0.3%) $477,189 (-1.1%) 1.11 23,820
    2019-11-01 $342,900 (-0.6%) $476,180 (-1.4%) 1.12 22,157
    2019-12-01 $337,495 (-0.7%) $469,599 (-1.5%) 1.13 19,639
    2020-01-01 $336,000 (-1.2%) $466,360 (-1.2%) 1.12 17,957
    2020-02-01 $340,000 (-2.1%) $474,889 (-2.4%) 1.11 17,651
    2020-03-01 $329,221 (-6.9%) $449,476 (-9.7%) 1.03 19,676
    2020-04-01 $339,996 (-5.6%) $471,118 (-7.4%) 1.07 18,627
    2020-05-01 $350,000 (-4.0%) $497,328 (-2.1%) 1.06 18,812
    2020-06-01 $359,000 (0.0%) $514,743 (2.3%) 1.06 16,987
    2020-07-01 $360,000 (1.4%) $523,066 (6.0%) 1.04 15,874
    2020-08-01 $360,000 (3.5%) $531,259 (10.3%) 1.03 14,754
    2020-09-01 $361,500 (4.8%) $542,661 (13.6%) 1.04 13,612
    2020-10-01 $359,000 (4.4%) $549,697 (15.2%) 1.03 12,753
    2020-11-01 $361,450 (5.4%) $559,759 (17.6%) 1.06 11,200
    2020-12-01 $357,430 (5.9%) $558,809 (19.0%) 1.06 9,439
    2021-01-01 $350,000 (4.2%) $551,662 (18.3%) 1.04 8,099
    2021-02-01 $359,450 (5.7%) $576,809 (21.5%) 1.05 6,251
    2021-03-01 $363,998 (10.6%) $577,637 (28.5%) 1.03 5,854
    2021-04-01 $375,000 (10.3%) $593,494 (26.0%) 1.02 5,720
    2021-05-01 $380,000 (8.6%) $582,529 (17.1%) 1.01 6,042
    2021-06-01 $389,900 (8.6%) $589,826 (14.6%) 1.03 6,976
    2021-07-01 $395,600 (9.9%) $575,387 (10.0%) 1.04 8,421
    2021-08-01 $399,000 (10.8%) $565,291 (6.4%) 1.06 9,275
    2021-09-01 $398,431 (10.2%) $562,490 (3.7%) 1.06 8,944
    2021-10-01 $399,000 (11.1%) $574,764 (4.6%) 1.06 8,284
    2021-11-01 $400,000 (10.7%) $583,175 (4.2%) 1.07 7,363
    2021-12-01 $400,000 (11.9%) $583,647 (4.4%) 1.08 6,269
    2022-01-01 $401,988 (14.9%) $596,448 (8.1%) 1.09 4,905
    2022-02-01 $412,000 (14.6%) $639,573 (10.9%) 1.07 4,149
    2022-03-01 $425,000 (16.8%) $656,642 (13.7%) 1.06 4,558
    2022-04-01 $441,320 (17.7%) $672,621 (13.3%) 1.05 5,427
    2022-05-01 $475,500 (25.1%) $677,523 (16.3%) 1.09 8,080
    2022-06-01 $490,233 (25.7%) $672,274 (14.0%) 1.09 11,276
    2022-07-01 $480,000 (21.3%) $644,455 (12.0%) 1.08 14,838
    2022-08-01 $462,500 (15.9%) $617,732 (9.3%) 1.07 16,529
    2022-09-01 $453,950 (13.9%) $610,801 (8.6%) 1.06 16,501
    2022-10-01 $449,999 (12.8%) $612,183 (6.5%) 1.06 17,465
    2022-11-01 $447,500 (11.9%) $609,026 (4.4%) 1.08 17,883
    2022-12-01 $438,959 (9.7%) $598,143 (2.5%) 1.08 16,322
    2023-01-01 $432,500 (7.6%) $589,915 (-1.1%) 1.07 14,677
    2023-02-01 $435,000 (5.6%) $597,856 (-6.5%) 1.05 12,789
    2023-03-01 $442,000 (4.0%) $618,429 (-5.8%) 1.04 12,401
    2023-04-01 $459,900 (4.2%) $648,815 (-3.5%) 1.07 12,533
    2023-05-01 $468,995 (-1.4%) $667,325 (-1.5%) 1.06 13,160
    Dallas's median listing price for 2023-05-01 was $468,995, a difference of $-6,505 (-1.4%) versus the prior year and $9,095 versus the prior month.

    Dallas's median listing price comes in at 106% of the national average.

    Dallas's average listing price for 2023-05-01 was $667,325, a difference of $-10,198 (-1.5%) versus the prior year and $18,510 versus the prior month.

    For the 2023-05-01 period, Dallas had 13,160 MLS listings, a difference of 627 listings (5%) versus the prior month and 5,080 listings (63%) 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 2,634 sqft
    2018-03-01 43 days 2,643 sqft
    2018-04-01 39 days 2,675 sqft
    2018-05-01 37 days 2,721 sqft
    2018-06-01 39 days 2,672 sqft
    2018-07-01 40 days 2,627 sqft
    2018-08-01 47 days 2,551 sqft
    2018-09-01 52 days 2,515 sqft
    2018-10-01 56 days 2,498 sqft
    2018-11-01 59 days 2,469 sqft
    2018-12-01 65 days 2,437 sqft
    2019-01-01 67 days 2,414 sqft
    2019-02-01 57 days 2,438 sqft
    2019-03-01 46 days 2,474 sqft
    2019-04-01 44 days 2,506 sqft
    2019-05-01 44 days 2,521 sqft
    2019-06-01 47 days 2,515 sqft
    2019-07-01 49 days 2,489 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 2,350 sqft
    2020-01-01 66 days 2,327 sqft
    2020-02-01 50 days 2,336 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 2,294 sqft
    2020-11-01 48 days 2,253 sqft
    2020-12-01 52 days 2,202 sqft
    2021-01-01 49 days 2,155 sqft
    2021-02-01 39 days 2,150 sqft
    2021-03-01 38 days 2,150 sqft
    2021-04-01 30 days 2,146 sqft
    2021-05-01 29 days 2,170 sqft
    2021-06-01 28 days 2,172 sqft
    2021-07-01 28 days 2,170 sqft
    2021-08-01 31 days 2,175 sqft
    2021-09-01 36 days 2,166 sqft
    2021-10-01 36 days 2,154 sqft
    2021-11-01 38 days 2,151 sqft
    2021-12-01 42 days 2,147 sqft
    2022-01-01 41 days 2,123 sqft
    2022-02-01 32 days 2,104 sqft
    2022-03-01 24 days 2,116 sqft
    2022-04-01 23 days 2,153 sqft
    2022-05-01 21 days 2,248 sqft
    2022-06-01 22 days 2,304 sqft
    2022-07-01 29 days 2,293 sqft
    2022-08-01 35 days 2,261 sqft
    2022-09-01 43 days 2,248 sqft
    2022-10-01 44 days 2,246 sqft
    2022-11-01 49 days 2,241 sqft
    2022-12-01 59 days 2,215 sqft
    2023-01-01 64 days 2,189 sqft
    2023-02-01 59 days 2,191 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
    Dallas's median listing age (time on market) for 2023-05-01 was 37 days. This is 74% longer than the same period one year ago.

    Dallas's median square footage for active listings during the 2023-05-01 period was 2,305 sqft. One year prior, the average listing was 2,248 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).