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 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
5.87%
for the week of 2024-12-13, compared to the national average (all FHA variants) of
6.277% for the same period.
Dallas's average FHA mortgage closing costs are $9,716.
The average rate for the prior week (2024-12-06) was
6.34% and
one month ago for the week of 2024-11-08, the
average rate was 6.3%.
The average rate one year ago was 6.72%.
For refis of the same type during the week of 2024-12-13, the average rate
was 6.24%.
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.
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 |
| 2024-04-01 | $449,900 (-2.2%) | $648,295 (-0.1%) | 1.05 | 18,531 |
| 2024-05-01 | $459,450 (-2.1%) | $666,165 (-0.2%) | 1.04 | 20,080 |
| 2024-06-01 | $459,000 (-3.0%) | $667,308 (-0.6%) | 1.03 | 22,364 |
| 2024-07-01 | $450,000 (-4.3%) | $640,443 (-3.8%) | 1.03 | 24,435 |
| 2024-08-01 | $444,990 (-4.3%) | $623,712 (-4.2%) | 1.03 | 25,481 |
| 2024-09-01 | $439,450 (-2.3%) | $617,364 (-4.2%) | 1.03 | 25,769 |
| 2024-10-01 | $434,500 (-3.2%) | $614,240 (-5.2%) | 1.02 | 25,908 |
| 2024-11-01 | $428,000 (-3.8%) | $610,033 (-4.3%) | 1.03 | 25,494 |
Dallas's median listing price comes in at 103% of the national average.
Dallas's average listing price for 2024-11-01 was $610,033, a difference of $-27,623 (-4.3%) versus the prior year and $-4,207 versus the prior month.
For the 2024-11-01 period, Dallas had 25,494 MLS listings, a difference of -414 listings (-2%) versus the prior month and 6,574 listings (35%) 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 |
| 2024-04-01 | 40 days | 2,201 sqft |
| 2024-05-01 | 37 days | 2,240 sqft |
| 2024-06-01 | 41 days | 2,245 sqft |
| 2024-07-01 | 44 days | 2,224 sqft |
| 2024-08-01 | 49 days | 2,200 sqft |
| 2024-09-01 | 53 days | 2,188 sqft |
| 2024-10-01 | 56 days | 2,167 sqft |
| 2024-11-01 | 58 days | 2,141 sqft |
Dallas's median square footage for active listings during the 2024-11-01 period was 2,141 sqft. One year prior, the average listing was 2,211 sqft.