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 22,035 FHA loans during 2023. The total origination value was $7,284,605,000, with an average FHA loan value of $330,592.

    Dallas FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Dallas averaged 6.45% for the week of 2024-04-19, compared to the national average (all FHA variants) of 6.855% for the same period.

    Dallas's average FHA mortgage closing costs are $9,716.

    The average rate for the prior week (2024-04-12) was 6.34% and one month ago for the week of 2024-03-15, the average rate was 6.41%.

    The average rate one year ago was 6.14%.

    For refis of the same type during the week of 2024-04-19, the average rate was 7.02%.

    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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    DHI MORTGAGE COMPANY, LTD. 2,807 5.41% $10,532
    EAGLE HOME MORTGAGE, LLC 1,515 4.87% $9,079
    UNITED WHOLESALE MORTGAGE, LLC 1,357 6.35% $14,754
    EVERETT FINANCIAL, INC. 808 6.81% $13,440
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 748 6.73% $13,990
    LOANDEPOT.COM, LLC 676 6.52% $12,614
    Town Square Mortgage & Investments, Inc. 638 6.74% $11,667
    CARDINAL FINANCIAL 626 6.58% $15,748
    QUICKEN LOANS, LLC 622 6.26% $14,485
    SFMC, LP 590 6.63% $15,905
    GUILD MORTGAGE COMPANY 382 6.84% $14,462
    AMCAP MORTGAGE, LTD. 369 6.45% $14,820
    VELOCIO MORTGAGE L.L.C. 327 5.80% $13,267
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 316 6.58% $12,089
    GUARANTEED RATE, INC. 303 6.44% $15,121
    CROSSCOUNTRY MORTGAGE, LLC 281 6.84% $16,014
    PULTE MORTGAGE LLC 277 5.80% $10,128
    Republic State Mortgage Co. 239 6.10% $12,426
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 235 6.80% $16,551
    PRIMELENDING, A PLAINSCAPITAL COMPANY 235 6.40% $18,636
    HOMESIDE FINANCIAL, LLC 234 5.99% $17,776
    Paramount Residential Mortgage Group, Inc. 204 6.55% $15,723
    CMG MORTGAGE, INC. 168 6.45% $16,523
    Neighborhood Loans, Inc. 154 6.96% $14,704
    SECURITYNATIONAL MORTGAGE COMPANY 153 6.84% $14,042
    CORNERSTONE HOME LENDING, INC. 149 6.27% $19,471
    MORTGAGE FINANCIAL SERVICES, LLC 125 6.81% $15,533
    Plains Commerce Bank 123 6.61% $14,652
    PLAZA HOME MORTGAGE, INC. 122 6.15% $15,380
    FREEDOM MORTGAGE CORPORATION 113 6.42% $16,061
    THE MORTGAGE LINK, INC. 111 6.67% $17,502
    First United Bank and Trust Company 108 6.76% $15,446
    Equity Prime Mortgage LLC 100 6.96% $16,323
    AMERICAN FINANCIAL NETWORK, INC. 97 7.00% $16,307
    BROKER SOLUTIONS, INC. 96 6.63% $15,293
    Independent Bank 96 6.54% $13,825
    PENNYMAC LOAN SERVICES, LLC 94 6.23% $14,834
    S1L, Inc. 91 6.50% $14,384
    M/I FINANCIAL, LLC 89 6.44% $15,409
    NEWREZ LLC 87 6.65% $12,976
    CALCON MUTUAL MORTGAGE LLC 86 6.81% $17,456
    NATIONS RELIABLE LENDING, LLC 83 6.52% $17,489
    SUN WEST MORTGAGE COMPANY, INC. 82 6.63% $13,191
    BROOKHOLLOW MORTGAGE SERVICES, LTD 81 6.35% $16,225
    Century Mortgage Company DBA Century Lending Company 78 6.44% $16,093
    DAS Acquisition Company, LLC 76 6.63% $16,869
    Flagstar Bank, FSB 75 6.62% $13,223
    BancorpSouth 74 6.55% $11,011
    THRIVE MORTGAGE, LLC 73 6.31% $20,404
    PLANET HOME LENDING, LLC 73 6.43% $15,423
    UNION HOME MORTGAGE CORP. 72 6.84% $14,882
    Sunflower Bank 69 6.08% $13,366
    JPMorgan Chase Bank 69 6.44% $8,023
    K. HOVNANIAN AMERICAN MORTGAGE, L.L.C. 66 6.16% $16,592
    MID AMERICA MORTGAGE, INC. 64 6.90% $7,320
    Trinity Oaks Mortgage, LLC 62 6.43% $17,778
    ACADEMY MORTGAGE CORPORATION 61 6.68% $14,845
    GARDNER FINANCIAL SERVICES, LTD. 60 6.42% $16,653
    Gateway First Bank 59 6.77% $12,040
    Prosperity Home Mortgage, LLC 57 6.70% $13,252
    INTEGRITY MORTGAGE CORPORATION OF TEXAS 55 6.33% $13,977
    BECKAM FUNDING CORP. 55 7.15% $21,282
    Loan Simple, Inc. 54 6.83% $16,932
    GUARANTEED RATE AFFINITY, LLC 53 6.70% $14,490
    MOVEMENT MORTGAGE, LLC 52 6.64% $14,933
    INSPIRE HOME LOANS INC. 51 5.73% $11,396
    Network Funding, L.P. 45 6.81% $14,298
    SUCCESS MORTGAGE PARTNERS, INC. 44 7.01% $13,769
    EUSTIS AND AMERICAN MORTGAGE COMPANY 43 6.73% $14,401
    FIRST CONTINENTAL MORTGAGE, LTD. 43 5.91% $8,711
    HOMEBRIDGE FINANCIAL SERVICES, INC. 42 6.40% $15,372
    AMERICAN PACIFIC MORTGAGE CORPORATION 42 6.80% $15,149
    OPEN MORTGAGE, LLC 40 6.66% $15,153
    CLM MORTGAGE, INC 40 5.92% $14,196
    OCMBC, INC. 40 7.21% $15,679
    T2 FINANCIAL LLC 38 6.52% $15,402
    SWBC MORTGAGE CORPORATION 38 6.85% $11,371
    City Bank 37 6.46% $14,009
    Waterstone Mortgage Corporation 36 6.57% $13,528
    Nations Lending Corporation 36 6.55% $12,001
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 35 6.88% $14,392
    INTERLINC MORTGAGE SERVICES, LLC 35 6.61% $14,678
    WILLOW BEND MORTGAGE COMPANY, LLC 34 6.79% $15,261
    SENTE MORTGAGE, INC. 33 6.71% $13,057
    NFM, INC. 33 6.66% $17,753
    ZILLOW HOME LOANS, LLC 32 6.22% $13,092
    CRESTMARK MORTGAGE COMPANY, LTD. 32 6.55% $12,272
    BOKF 32 6.95% $11,770
    GENEVA FINANCIAL, LLC 31 6.54% $17,407
    First Bank 31 6.27% $17,559
    MATTAMY HOME FUNDING, LLC 31 5.93% $12,646
    MORTGAGE SOLUTIONS OF COLORADO, LLC 31 7.23% $13,920
    CITY FIRST MORTGAGE SERVICES, L.L.C. 29 6.87% $14,550
    NBH Bank 29 7.16% $10,354
    CHURCHILL MORTGAGE CORPORATION 28 6.67% $16,036
    CHERRY CREEK MORTGAGE, LLC 28 6.90% $4,908
    SUMMIT FUNDING, INC. 28 6.53% $16,706
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 27 6.81% $15,964
    V.I.P. MORTGAGE, INC. 26 6.63% $16,832
    BM Real Estate Services, Inc. 26 6.85% $14,242
    South Pacific Financial Corporation 26 6.12% $12,974
    AMERISAVE MORTGAGE CORPORATION 26 6.05% $18,342
    Prosperity Bank 26 6.31% $11,209
    Mortgage Research Center, LLC 25 6.58% $10,554
    Citizens Bank 24 6.62% $13,185
    CALIBER HOME LOANS, INC. 23 6.65% $11,630
    Bank of England 23 6.81% $14,353
    TOWNE MORTGAGE COMPANY 22 6.33% $13,563
    VILLAGE CAPITAL MORTGAGE 22 6.60% $10,419
    Carrington Mortgage Services, LLC 21 6.85% $14,617
    Origin Bank 21 6.81% $11,280
    AMERICAN PORTFOLIO MORTGAGE CORPORATION 20 7.23% $11,976
    PRIMARY RESIDENTIAL MORTGAGE, INC. 20 6.78% $16,233
    PRIORITY HOME MORTGAGE, L.P. 20 6.30% $9,106
    Affiliated Bank 20 7.03% $12,515
    MUTUAL OF OMAHA MORTGAGE, INC. 19 6.54% $13,740
    LAND HOME FINANCIAL SERVICES, INC. 19 7.16% $19,036
    Mr. Cooper ( Nationstar Mortgage ) 19 6.40% $15,469
    NBKC BANK 18 6.03% $11,606
    JET HOMELOANS, LLC 18 5.77% $19,351
    Bank of America 17 6.24% $10,856
    PENTAGON FEDERAL CREDIT UNION 17 5.42% $13,728
    PANORAMA MORTGAGE GROUP, LLC 17 6.68% $14,386
    BAY EQUITY LLC 16 6.77% $14,287
    MICHIGAN MUTUAL, INC. 16 6.58% $18,809
    AmeriHome Mortgage Company, LLC 16 6.25% $14,439
    American Mortgage & Equity Consultants, Inc. 16 6.68% $14,410
    Midwest Mortgage Associates Corporation 16 6.92% $13,665
    Colonial Savings, F.A. 16 6.48% $12,951
    Encompass Lending Group, LP 15 6.89% $14,752
    RESIDENTIAL BANCORP 15 6.48% $16,768
    MEMBER FIRST MORTGAGE, LLC 14 6.29% $14,043
    KBHS HOME LOANS, LLC 14 6.36% $18,226
    Simmons Bank 14 6.23% $10,761
    AMERICAN FINANCIAL RESOURCES, INC. 13 6.75% $13,378
    First State Bank 13 6.48% $18,825
    First Financial Bank 13 6.38% $12,254
    ASPIRE FINANCIAL, INC. 13 5.91% $12,188
    The Loan Store, Inc. 13 6.82% $14,871
    Magnolia Bank 12 6.44% $15,820
    Texas Mortgage Lending, LLC 11 6.50% $15,115
    DRAPER AND KRAMER MORTGAGE CORP. 11 6.68% $15,369
    MANN FINANCIAL INC. 11 6.76% $17,137
    U.S. Bank 11 6.52% $10,561
    AXIA FINANCIAL, LLC 10 6.75% $15,768
    Centennial Bank 10 7.40% $10,530
    Strong Home Mortgage, LLC 10 6.10% $13,086
    Truist 10 6.08% $16,133
    American National Bank & Trust 10 6.33% $18,247
    Northpointe Bank 9 6.31% $16,161
    NATIONS DIRECT MORTGAGE, LLC 9 6.65% $14,867
    First National Bank Texas 9 6.44% $11,974
    Regions Bank 9 6.14% $15,570
    INTERCAP LENDING INC. 9 6.11% $17,150
    NexBank 9 6.25% $15,083
    FC LENDING, LTD. 8 6.08% $10,042
    Wells Fargo Bank 8 5.59% $8,250
    LOANPEOPLE, LLC 8 6.94% $17,003
    LHM FINANCIAL CORPORATION 8 6.13% $12,841
    Sierra Pacific Mortgage Company, Inc. 8 6.56% $15,516
    American Bank of Commerce 8 6.31% $13,663
    Hometown Equity Mortgage, LLC 8 6.89% $12,842
    RED DIAMOND HOME LOANS, LLC 7 6.52% $13,364
    SeaTrust Mortgage Company 7 6.59% $15,281
    TruHome Solutions, LLC 7 6.05% $13,023
    ML Mortgage Corp. 7 7.25% $16,594
    PREMIA MORTGAGE, LLC 7 5.98% $12,306
    Vellum Mortgage, Inc. 7 6.32% $11,599
    Victorian Finance, LLC 7 6.96% $12,174
    Renasant Bank 6 6.64% $17,773
    First National Bank 6 6.29% $11,950
    Ixonia Bank 6 7.21% $14,125
    CANOPY MORTGAGE, LLC 6 6.13% $15,343
    PNC Bank 6 6.50% $8,180
    DATCU 6 6.21% $9,195
    NTFN, INC. 6 6.25% $16,903
    HOMESPIRE MORTGAGE CORPORATION 5 6.30% $14,631
    CASTLE & COOKE MORTGAGE, LLC 5 6.90% $16,566
    The Federal Savings Bank 5 6.53% $14,995
    MOUNTAIN WEST FINANCIAL, INC. 5 7.15% $13,173
    PREMIER MORTGAGE RESOURCES, L.L.C. 5 7.38% $15,045
    Preston Home Loans Inc 5 6.75% $18,165
    COMPASS MORTGAGE, INC. 5 6.62% $10,028
    Commerce Home Mortgage, Inc. 5 7.18% $10,488
    FIRST COMMUNITY MORTGAGE, INC. 5 6.75% $13,802
    First Option Mortgage, LLC 5 6.65% $16,858
    AHL FUNDING 4 7.06% $23,836
    BAYSHORE MORTGAGE FUNDING, LLC 4 6.25% $16,403
    Barrington Bank & Trust Company, N.A. 4 6.97% $10,388
    Ameris Bank 4 6.47% $16,660
    AMERICAN FINANCING CORPORATION 4 6.09% $14,910
    UNION SQUARE 4 5.91% $10,947
    FIRST CENTENNIAL MORTGAGE CORPORATION 4 6.41% $11,094
    VAN DYK MORTGAGE CORPORATION 4 6.50% $10,365
    NATIONWIDE MORTGAGE BANKERS, INC. 4 6.72% $14,401
    Great Plains National Bank 4 6.25% $11,462
    Farmers Bank & Trust Company 4 6.41% $12,318
    ENCORE BANK 4 7.09% $12,314
    ON Q FINANCIAL, INC. 4 6.78% $11,314
    PACIFIC RESIDENTIAL MORTGAGE, LLC 4 6.81% $12,859
    PILGRIM MORTGAGE LLC 4 6.03% $17,611
    Cornerstone First Mortgage, Inc 4 6.91% $16,283
    RADIUS FINANCIAL GROUP INC. 4 7.09% $12,974
    JMAC LENDING, INC. 3 6.04% $14,538
    LEGEND LENDING CORPORATION 3 6.17% $21,405
    First Horizon Bank 3 6.63% $10,305
    LEADERONE FINANCIAL CORPORATION 3 6.25% $14,927
    Keystone Funding, Inc. 3 6.67% $18,709
    F & M Bank 3 6.79% $11,998
    LIBERTY HOME MORTGAGE CORPORATION 3 7.25% $14,706
    DIAMOND RESIDENTIAL MORTGAGE CORPORATION 3 6.54% $17,589
    Commercial Bank of Texas 3 5.92% $13,543
    TIB The Independent Bankersbank 3 7.17% $11,068
    UNIVERSITY Federal Credit Union 3 6.67% $12,962
    UMB Bank 3 6.08% $12,289
    Florida Capital Bank 3 6.58% $16,876
    RANLIFE, INC. 3 6.58% $12,318
    CORNERSTONE MORTGAGE PARTNERS OF TEXAS, L.P. 3 5.83% $19,184
    First Liberty Bank 3 6.38% $12,374
    ENDEAVOR CAPITAL, LLC. 3 6.96% $10,968
    North American Savings Bank, F.S.B. 3 5.46% $10,473
    United Fidelity Funding Corp. 3 6.66% $18,032
    Wallick & Volk, Inc. 3 6.92% $10,309
    Watermark Capital, Inc. 3 6.29% $11,655
    A&D Mortgage LLC 2 6.44% $21,948
    First Federal Bank 2 6.06% $27,206
    ASSOCIATED MORTGAGE CORPORATION 2 5.88% $14,844
    Community First National Bank 2 6.50% $12,061
    Acre Mortgage and Financial Inc 2 7.44% $13,074
    SOUTHWEST STAGE FUNDING, LLC 2 6.56% $7,442
    JMJ FINANCIAL GROUP 2 6.69% $12,310
    LAKEVIEW LOAN SERVICING, LLC 2 6.50% $18,582
    INTELLILOAN, INC. 2 6.81% $6,606
    Amarillo National Bank 2 6.44% $11,421
    HOMETRUST MORTGAGE COMPANY 2 6.25% $11,686
    ALAMEDA MORTGAGE CORPORATION 2 6.31% $11,973
    TEXAS TECH 2 6.69% $18,566
    Willamette Valley Bank 2 6.38% $13,585
    Chambers Bank 2 6.56% $11,376
    HALLMARK HOME MORTGAGE, LLC 2 7.00% $14,217
    Trustmark National Bank 2 6.13% $9,186
    ENVOY MORTGAGE, LTD 2 7.06% $13,170
    FIRST COLONY MORTGAGE CORPORATION 2 7.13% $10,314
    Towne Bank 2 6.13% $11,943
    TOTAL MORTGAGE SERVICES, LLC 2 6.19% $10,360
    GEO-CORP, INC. 2 7.69% $16,291
    ONY GLO, INC. 2 6.12% $15,196
    EMBRACE HOME LOANS, INC. 2 6.19% $10,809
    EECU 2 6.63% $16,113
    BELEM SERVICING LLC 2 6.62% $13,974
    TJC Mortgage, Inc. 2 6.69% $16,948
    DIRECTIONS EQUITY, LLC 2 7.81% $16,137
    BETTER MORTGAGE CORPORATION 2 6.31% $12,136
    Integrity Home Mortgage Corp 2 7.31% $21,935
    AmRes Corporation 2 6.69% $14,362
    BNC National Bank 2 5.00% $24,274
    First United Bank 2 6.88% $10,694
    DATA MORTGAGE, INC. 1 7.13% $10,986
    HOMEOWNERS FINANCIAL GROUP USA, LLC 1 6.75% $11,028
    Guaranty Bank & Trust, N.A. 1 6.75% $12,897
    Goldwater Bank, N.A. 1 6.75% $12,739
    GMFS LLC 1 6.63% $16,949
    INTERCOASTAL MORTGAGE COMPANY 1 5.25% $12,033
    GERSHMAN INVESTMENT CORP. 1 6.50% $9,642
    INTERNATIONAL CITY MORTGAGE, INC. 1 6.75% $14,004
    INTERSTATE HOME LOAN CENTER, INC. 1 6.38% $14,326
    Inwood National Bank 1 7.13% $9,343
    JET DIRECT FUNDING CORP 1 5.99% $17,247
    Franklin Loan Corporation 1 6.25% $11,308
    Kwik Mortgage Corporation 1 6.63% $17,382
    FLAT BRANCH MORTGAGE, INC. 1 6.75% $10,431
    Flanagan State Bank 1 6.00% $7,764
    LOANLEADERS OF AMERICA, INC. 1 6.50% $16,001
    FirstTrust Home Loans, Inc. 1 7.25% $21,888
    MASON MCDUFFIE MORTGAGE CORPORATION 1 5.75% $13,378
    First Savings Bank 1 7.25% $22,466
    First National Bank of Omaha 1 6.50% $13,651
    MidFirst Bank 1 6.00% $9,977
    MLB RESIDENTIAL LENDING, LLC 1 6.88% $13,790
    MORIA DEVELOPMENT, INC. 1 7.00% $17,750
    MORTGAGE ACCESS CORP. 1 7.75% $12,003
    FIRST INTEGRITY MORTGAGE SERVICES, INC. 1 6.75% $17,621
    First-Citizens Bank & Trust Company 1 6.25% $16,897
    MY MORTGAGE, INC. 1 7.25% $15,834
    First Bank 1 7.13% $11,884
    FIDELITY BANK 1 6.63% $22,973
    Evolve Bank & Trust 1 7.13% $6,653
    NORWICH COMMERCIAL GROUP, INC. 1 7.75% $21,990
    Notre Dame Federal Credit Union Corporation 1 7.50% $8,565
    NOVA FINANCIAL & INVESTMENT CORPORATION 1 7.38% $9,690
    East Coast Capital Corp. 1 6.25% $13,378
    PINNACLE LENDING GROUP, INC. 1 6.75% $11,209
    HOME FINANCING UNLIMITED, INC. 1 6.00% $17,799
    PLUS RELOCATION MORTGAGE, LLC 1 7.25% $9,815
    PREMIER LENDING, INC. 1 7.63% $19,955
    Princeton Mortgage Corporation 1 6.50% $12,735
    PROPER RATE, LLC 1 7.25% $12,816
    CITYWIDE HOME LOANS, LLC 1 5.75% $18,808
    Chickasaw Community Bank 1 6.13% $8,872
    Quontic Bank 1 6.63% $15,788
    RUOFF MORTGAGE COMPANY, INC. 1 7.25% $4,286
    BAY-VALLEY MORTGAGE GROUP 1 6.38% $24,040
    SIRVA MORTGAGE, INC. 1 6.75% $8,676
    SIWELL, INC. 1 6.88% $12,442
    Southside Bank 1 7.50% $11,085
    STANDARD MORTGAGE CORPORATION 1 6.13% $13,352
    Stride Bank 1 6.50% $14,084
    Atlantic Coast Mortgage, LLC 1 6.63% $11,244
    Assurance Financial Group, L.L.C. 1 6.75% $8,906
    Armed Forces Bank 1 5.75% $14,620
    1ST 2ND MORTGAGE COMPANY OF N.J., INC. 1 5.88% $11,263
    The Central Trust Bank 1 5.63% $10,015
    THOMPSON KANE & COMPANY, LLC 1 6.50% $15,218
    American Mortgage Bank, LLC 1 7.50% $12,493
    AMERICAN FEDERAL MORTGAGE CORPORATION 1 5.75% $13,367
    UNITED SECURITY FINANCIAL CORP 1 7.00% $22,288
    ABSOLUTE HOME MORTGAGE CORPORATION 1 5.88% $23,363
    US MORTGAGE CORPORATION 1 7.13% $12,381
    VANDERBILT MORTGAGE AND FINANCE, INC. 1 5.63% $10,980
    ALTITUDE FINANCIAL CORPORATION 1 6.63% $14,064
    Hawthorn Bank 1 5.25% $7,731

    The top Dallas FHA lender as defined by loan originations is DHI MORTGAGE COMPANY, LTD., with 2,807 FHA loans originated. Their average total fees are $10,532, which is $1,453 higher than the next largest lender, EAGLE HOME MORTGAGE, LLC.

    The lowest fee Dallas FHA lenders (with over 10 loans originated) are CHERRY CREEK MORTGAGE, LLC ($4,908), MID AMERICA MORTGAGE, INC. ($7,320), JPMorgan Chase Bank ($8,023), FIRST CONTINENTAL MORTGAGE, LTD. ($8,711) and EAGLE HOME MORTGAGE, LLC ($9,079).

    The lowest rate Dallas FHA lenders (with over 10 loans originated) are EAGLE HOME MORTGAGE, LLC (4.87%), DHI MORTGAGE COMPANY, LTD. (5.41%), PENTAGON FEDERAL CREDIT UNION (5.42%), INSPIRE HOME LOANS INC. (5.73%) and JET HOMELOANS, LLC (5.77%).

    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
    2024-02-01 $435,000 (0.0%) $618,378 (3.4%) 1.05 16,012
    2024-03-01 $439,990 (-0.5%) $629,056 (1.7%) 1.04 17,096
    Dallas's median listing price for 2024-03-01 was $439,990, a difference of $-2,162 (-0.5%) versus the prior year and $4,990 versus the prior month.

    Dallas's median listing price comes in at 104% of the national average.

    Dallas's average listing price for 2024-03-01 was $629,056, a difference of $10,461 (1.7%) versus the prior year and $10,678 versus the prior month.

    For the 2024-03-01 period, Dallas had 17,096 MLS listings, a difference of 1,084 listings (7%) versus the prior month and 4,704 listings (38%) 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
    2024-02-01 48 days 2,159 sqft
    2024-03-01 40 days 2,178 sqft
    Dallas's median listing age (time on market) for 2024-03-01 was 40 days. This is -12% shorter than the same period one year ago.

    Dallas's median square footage for active listings during the 2024-03-01 period was 2,178 sqft. One year prior, the average listing was 2,217 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).