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 338 lenders originated 34,381 FHA loans during 2021. The total origination value was $8,947,295,000, with an average FHA loan value of $260,240.

Dallas FHA Loans, 30 Year Fixed Rates

30 Year FHA mortgages in Dallas averaged 6.26% for the week of 2023-01-27, compared to the national average (all FHA variants) of 6.186% for the same period.

Dallas's average FHA mortgage closing costs are $8,629.

The average rate for the prior week (2023-01-20) was 6.33% and one month ago for the week of 2022-12-23, the average rate was 6.52%.

The average rate one year ago was 3.61%.

For refis of the same type during the week of 2023-01-27, the average rate was 5.79%.

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 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
DHI MORTGAGE COMPANY, LTD. 2,267 2.94% $8,584
QUICKEN LOANS, LLC 1,341 2.69% $6,701
LAKEVIEW LOAN SERVICING, LLC 1,286 3.00% $5,842
FREEDOM MORTGAGE CORPORATION 1,004 2.87% $6,717
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 931 3.38% $10,215
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 918 3.21% $10,235
Mr. Cooper ( Nationstar Mortgage ) 897 3.20% $4,892
LOANDEPOT.COM, LLC 893 3.48% $9,846
SFMC, LP 771 3.36% $11,356
Lakeview Community Capital, LLC 722 3.00% $5,702
Town Square Mortgage & Investments, Inc. 687 3.35% $9,347
CALIBER HOME LOANS, INC. 677 2.94% $7,783
GUILD MORTGAGE COMPANY 648 3.29% $10,441
AMCAP MORTGAGE, LTD. 617 3.57% $11,689
EAGLE HOME MORTGAGE, LLC 611 3.32% $8,908
PENNYMAC LOAN SERVICES, LLC 588 3.08% $6,013
PRIMELENDING, A PLAINSCAPITAL COMPANY 509 3.40% $10,813
UNITED WHOLESALE MORTGAGE, LLC 442 2.79% $9,497
MID AMERICA MORTGAGE, INC. 403 3.26% $5,468
Gateway First Bank 401 3.56% $9,114
HOMESIDE FINANCIAL, LLC 386 3.17% $11,620
AmeriHome Mortgage Company, LLC 339 2.91% $5,531
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 328 3.33% $10,424
PULTE MORTGAGE LLC 322 3.17% $6,457
SECURITYNATIONAL MORTGAGE COMPANY 320 3.35% $10,033
VILLAGE CAPITAL MORTGAGE 314 2.91% $2,680
EVERETT FINANCIAL, INC. 304 3.77% $8,374
Paramount Residential Mortgage Group, Inc. 300 3.27% $11,703
NEWREZ LLC 262 2.93% $6,231
MORTGAGE FINANCIAL SERVICES, LLC 256 3.15% $10,320
GUARANTEED RATE, INC. 244 3.06% $10,608
SOUTHWEST FUNDING, LP 238 3.53% $18,937
PLANET HOME LENDING, LLC 236 2.84% $6,692
AMERICAN FINANCIAL NETWORK, INC. 220 3.20% $14,237
MOVEMENT MORTGAGE, LLC 218 3.49% $9,255
Republic State Mortgage Co. 217 3.06% $10,189
First United Bank and Trust Company 211 3.22% $9,740
HOMEBRIDGE FINANCIAL SERVICES, INC. 194 2.93% $8,507
DAS Acquisition Company, LLC 191 3.28% $11,732
Trinity Oaks Mortgage, LLC 184 3.40% $11,797
PRIMARY RESIDENTIAL MORTGAGE, INC. 183 3.52% $11,422
CROSSCOUNTRY MORTGAGE, LLC 179 3.22% $10,831
ARK-LA-TEX FINANCIAL SERVICES, LLC. 178 3.28% $8,610
THRIVE MORTGAGE, LLC 164 3.11% $10,925
EUSTIS AND AMERICAN MORTGAGE COMPANY 163 3.22% $10,667
HOME POINT FINANCIAL CORPORATION 147 2.75% $8,953
Wallick & Volk, Inc. 143 3.51% $10,060
GREAT WESTERN FINANCIAL SERVICES, INC. 139 3.17% $9,889
CHERRY CREEK MORTGAGE, LLC 136 3.40% $4,656
S1L, Inc. 127 3.44% $10,074
ASPIRE FINANCIAL, INC. 126 2.59% $10,049
Carrington Mortgage Services, LLC 125 3.63% $10,077
BROOKHOLLOW MORTGAGE SERVICES, LTD 125 3.11% $13,301
First Guaranty Mortgage Corporation 120 2.93% $7,003
LHM FINANCIAL CORPORATION 120 3.16% $9,703
CMG MORTGAGE, INC. 109 3.07% $10,453
ACADEMY MORTGAGE CORPORATION 109 3.24% $11,095
Independent Bank 106 3.37% $9,971
VELOCIO MORTGAGE L.L.C. 106 3.26% $13,110
SUMMIT FUNDING, INC. 101 3.47% $11,514
WILLOW BEND MORTGAGE COMPANY, LLC 100 3.33% $10,434
BROKER SOLUTIONS, INC. 96 3.01% $8,713
Equity Prime Mortgage LLC 93 3.29% $10,257
InterContinental Capital Group, Inc 91 2.63% $8,464
AMERISAVE MORTGAGE CORPORATION 83 2.97% $9,262
INTERLINC MORTGAGE SERVICES, LLC 83 3.41% $10,048
Texas Bank Financial 82 3.45% $8,906
First Bank 82 3.25% $10,648
Prosperity Home Mortgage, LLC 80 3.45% $10,450
Loan Simple, Inc. 79 3.58% $10,042
NATIONS RELIABLE LENDING, LLC 77 3.30% $10,900
PLAZA HOME MORTGAGE, INC. 74 3.06% $9,809
M/I FINANCIAL, LLC 74 2.89% $11,148
Flagstar Bank, FSB 68 2.80% $9,349
INTEGRITY MORTGAGE CORPORATION OF TEXAS 68 2.87% $9,408
ANGEL OAK HOME LOANS LLC 64 3.05% $11,477
K. HOVNANIAN AMERICAN MORTGAGE, L.L.C. 64 3.01% $11,170
SUN WEST MORTGAGE COMPANY, INC. 63 3.05% $9,263
LEADERONE FINANCIAL CORPORATION 61 3.31% $9,506
City Bank 60 3.11% $9,806
OPEN MORTGAGE, LLC 60 3.22% $10,040
SWBC MORTGAGE CORPORATION 55 3.43% $8,923
Amerifirst Financial, Inc. 53 3.21% $9,408
Nations Lending Corporation 51 3.31% $10,264
First National Bank 51 3.24% $8,858
OCEANSIDE MORTGAGE COMPANY 51 2.70% $3,437
CORNERSTONE HOME LENDING, INC. 51 3.25% $11,963
Hometown Lenders, Inc. 50 3.40% $11,038
Origin Bank 47 3.17% $9,018
Bank of England 47 3.37% $11,612
LOANPAL, LLC 44 2.70% $9,390
AMERICAN PACIFIC MORTGAGE CORPORATION 44 3.01% $10,334
BancorpSouth Bank 43 3.32% $9,454
UNION HOME MORTGAGE CORP. 41 3.15% $10,156
BOKF 40 3.32% $9,363
Bank of America 39 2.87% $5,657
NTFN, INC. 38 2.80% $9,496
CERTAINTY HOME LOANS, LLC 37 3.32% $9,984
CALCON MUTUAL MORTGAGE LLC 36 3.91% $9,470
Affiliated Bank 35 2.78% $10,070
Lend Smart Mortgage, LLC 34 3.54% $9,812
GENEVA FINANCIAL, LLC 34 3.18% $12,113
FINANCE OF AMERICA MORTGAGE LLC 34 3.17% $9,349
CHURCHILL MORTGAGE CORPORATION 34 3.28% $10,175
BECKAM FUNDING CORP. 34 3.88% $17,700
KBHS HOME LOANS, LLC 33 3.62% $11,436
CRESTMARK MORTGAGE COMPANY, LTD. 33 3.03% $16,501
GUARANTEED RATE AFFINITY, LLC 33 2.89% $10,270
First Bank & Trust 33 3.11% $9,011
PRIORITY HOME MORTGAGE, L.P. 32 3.03% $9,948
Colonial Savings, F.A. 32 3.05% $6,807
Midwest Mortgage Associates Corporation 32 3.46% $9,447
Goldwater Bank, N.A. 31 3.30% $10,263
KELLER MORTGAGE, LLC 30 2.69% $8,176
V.I.P. MORTGAGE, INC. 29 3.12% $8,765
Waterstone Mortgage Corporation 28 3.48% $9,547
STEARNS LENDING, LLC 28 2.83% $10,476
South Pacific Financial Corporation 27 2.56% $11,386
PILGRIM MORTGAGE LLC 27 3.26% $10,681
First State Bank 25 3.07% $10,290
Hometown Equity Mortgage, LLC 25 3.92% $12,096
Citizens Bank 25 2.92% $9,166
NATIONS DIRECT MORTGAGE, LLC 24 2.98% $11,117
MORTGAGE SOLUTIONS OF COLORADO, LLC 24 3.40% $11,649
PANORAMA MORTGAGE GROUP, LLC 24 3.41% $10,785
Prosperity Bank 24 2.80% $8,788
SENTE MORTGAGE, INC. 23 3.53% $9,847
MUTUAL OF OMAHA MORTGAGE, INC. 23 2.85% $8,778
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 23 3.60% $11,204
Sunflower Bank 23 3.07% $9,586
MICHIGAN MUTUAL, INC. 22 3.47% $11,954
First Financial Bank 22 3.16% $9,228
Network Funding, L.P. 21 3.08% $10,705
FIRST CONTINENTAL MORTGAGE, LTD. 21 3.15% $6,759
First National Bank Texas 20 3.27% $8,582
Northpointe Bank 19 3.29% $11,291
JPMorgan Chase Bank 18 2.85% $5,963
INTERCAP LENDING INC. 18 3.41% $11,555
Commerce Home Mortgage, Inc. 17 3.12% $9,865
AMERICAN FINANCIAL RESOURCES, INC. 17 3.90% $10,274
SUCCESS MORTGAGE PARTNERS, INC. 17 3.39% $9,792
Austin Capital Bank SSB 17 3.39% $10,791
MORIA DEVELOPMENT, INC. 16 3.73% $9,773
COUNTRYPLACE MORTGAGE, LTD. 16 2.97% $14,216
CLM MORTGAGE, INC 16 3.03% $12,800
FIRST CENTENNIAL MORTGAGE CORPORATION 15 2.88% $11,171
J. VIRGIL, INC. 15 3.38% $10,482
Mortgage Research Center, LLC 15 2.97% $9,998
RED DIAMOND HOME LOANS, LLC 15 2.73% $9,551
The Home Loan Expert LLC 15 2.81% $10,517
CITY FIRST MORTGAGE SERVICES, L.L.C. 15 3.60% $11,010
INFINITY MORTGAGE HOLDINGS, LLC 14 3.09% $10,781
VAN DYK MORTGAGE CORPORATION 14 3.26% $8,426
ON Q FINANCIAL, INC. 14 2.64% $9,341
UNITED MORTGAGE CORP. 14 2.96% $8,659
ZILLOW HOME LOANS, LLC 13 2.78% $9,376
Paramount Bank 12 2.68% $9,479
First Option Mortgage, LLC 12 3.40% $12,662
CELEBRITY HOME LOANS, LLC 12 3.32% $10,938
Encompass Lending Group, LP 12 3.33% $11,072
SOVEREIGN LENDING GROUP INCORPORATED 11 2.84% $7,694
Atlantic Home Loans, Inc. 11 3.32% $9,129
First Horizon Bank 11 3.07% $8,153
First Home Bank 11 3.40% $9,398
RANLIFE, INC. 11 3.01% $10,305
PHH Mortgage Corporation 11 3.44% $5,085
Low VA Rates, LLC 10 3.18% $5,602
DRAPER AND KRAMER MORTGAGE CORP. 10 3.61% $9,954
MEMBER FIRST MORTGAGE, LLC 10 2.76% $10,301
HANCOCK MORTGAGE PARTNERS, LLC 10 3.18% $12,482
AMERICAN FINANCING CORPORATION 10 2.85% $9,610
LENDUS, LLC 10 3.15% $9,871
BAYSHORE MORTGAGE FUNDING, LLC 10 3.03% $6,538
NexBank 9 3.01% $9,905
Magnolia Bank 9 3.01% $9,843
LIBERTY HOME MORTGAGE CORPORATION 9 2.82% $10,271
HOMETRUST MORTGAGE COMPANY 9 2.90% $10,167
SOUTHWEST STAGE FUNDING, LLC 9 3.26% $6,072
Assurance Financial Group, L.L.C. 9 3.22% $9,876
NP, Inc. 8 2.94% $8,545
OCMBC, INC. 8 3.36% $9,121
Residential Mortgage Solutions, Inc. 8 2.47% $8,866
LAND HOME FINANCIAL SERVICES, INC. 8 4.19% $12,077
Watermark Capital, Inc. 8 3.09% $10,847
AmRes Corporation 8 2.76% $11,190
Happy State Bank 8 3.23% $8,631
ENVOY MORTGAGE, LTD 7 2.93% $12,360
Home Mortgage Alliance Corp 7 3.09% $11,258
DIRECTIONS EQUITY, LLC 7 3.21% $9,171
CORNERSTONE MORTGAGE PARTNERS OF TEXAS, L.P. 7 3.14% $10,685
Wells Fargo Bank 7 3.04% $7,637
ENDEAVOR CAPITAL, LLC. 7 2.98% $3,090
ROUNDPOINT MORTGAGE SERVICING CORPORATION 6 2.90% $10,303
EECU 6 3.48% $8,322
FLAT BRANCH MORTGAGE, INC. 6 3.23% $11,464
Ixonia Bank 6 3.27% $10,122
Barrington Bank & Trust Company, N.A. 6 3.19% $9,060
RELIANCE FIRST CAPITAL, LLC 6 2.88% $10,183
THE MORTGAGE FIRM, INC. 6 2.83% $11,040
American Bank of Oklahoma 6 3.15% $10,276
ARC HOME LLC 5 2.97% $12,162
CHAMPIONS MORTGAGE LLC 5 3.02% $10,315
Simmons Bank 5 2.60% $7,965
Colten Mortgage, LLC 5 3.48% $4,576
HOMEOWNERS FINANCIAL GROUP USA, LLC 5 3.05% $11,560
DATA MORTGAGE, INC. 4 3.63% $12,114
US MORTGAGE CORPORATION 4 2.91% $8,559
FBC MORTGAGE, LLC 4 3.15% $10,768
GSB MORTGAGE, INC. 4 3.09% $10,612
First National Bank of Omaha 4 2.84% $8,405
T2 FINANCIAL LLC 4 3.72% $12,496
Great Plains National Bank 4 3.00% $10,041
First Savings Bank 4 2.84% $12,033
FC LENDING, LTD. 4 3.59% $7,834
The Federal Savings Bank 4 2.56% $12,284
JMAC LENDING, INC. 4 2.72% $10,113
Sierra Pacific Mortgage Company, Inc. 4 2.69% $12,441
BBVA USA 4 3.44% $8,787
WESTERN EXPRESS LENDING 4 2.59% $9,158
BAY EQUITY LLC 4 3.09% $10,754
MLD MORTGAGE INC. 4 2.69% $8,239
CONTOUR MORTGAGE CORPORATION 4 2.91% $9,112
PREMIA MORTGAGE, LLC 4 2.78% $6,408
RESIDENTIAL BANCORP. 3 2.62% $10,725
M&T Bank 3 2.88% $8,806
Farmers Bank & Trust Company 3 2.29% $9,448
BNC National Bank 3 2.67% $10,310
Guaranty Bank & Trust, N.A. 3 2.42% $9,476
GSF Mortgage Corporation 3 2.79% $9,371
TEXAS TECH 3 3.17% $8,890
ASSOCIATED MORTGAGE CORPORATION 3 3.00% $8,983
EMBRACE HOME LOANS, INC. 3 3.54% $4,700
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 3 3.33% $11,242
TOWNE MORTGAGE COMPANY 3 3.12% $11,611
TruHome Solutions, LLC 3 2.96% $9,264
UNITED SECURITY FINANCIAL CORP 3 3.08% $9,046
NATIONWIDE MORTGAGE BANKERS, INC. 3 3.33% $11,663
PLUS RELOCATION MORTGAGE, LLC 3 3.58% $9,579
CityWorth Mortgage LLC 3 3.13% $12,558
BEST CAPITAL FUNDING 3 2.92% $12,569
FirstTrust Home Loans, Inc. 3 2.58% $9,152
MOUNTAIN WEST FINANCIAL, INC. 3 3.29% $8,625
RB MORTGAGE LLC 3 2.58% $11,231
JAMES B. NUTTER & COMPANY 3 2.88% $5,265
FIRST EQUITY MORTGAGE INCORPORATED 3 2.50% $15,140
NOVA FINANCIAL & INVESTMENT CORPORATION 3 2.92% $8,251
RESIDENTIAL WHOLESALE MORTGAGE, INC. 2 3.56% $7,632
MORTGAGE MANAGEMENT CONSULTANTS, INC. 2 2.81% $6,177
UMB Bank 2 2.38% $9,569
AXIA FINANCIAL, LLC 2 3.81% $8,600
GMFS LLC 2 2.88% $9,892
Commercial Bank of Texas 2 2.56% $7,423
EMM LOANS LLC 2 3.19% $8,288
Princeton Mortgage Corporation 2 3.19% $9,542
Capital Bank 2 2.31% $7,834
CLEARPATH LENDING 2 3.25% $7,395
SIWELL, INC. 2 3.25% $9,522
GUARANTY HOME MORTGAGE CORPORATION 2 3.56% $8,987
BETTER MORTGAGE CORPORATION 2 3.13% $8,027
LENDING 3, INC. 2 3.81% $5,143
1ST FINANCIAL, INC. 2 3.25% $13,909
FAMILY FIRST FUNDING LLC 2 3.44% $13,867
LADERA LENDING, INC. 2 2.63% $9,906
BKCO MORTGAGE, LLC 2 3.06% $8,719
Regions Bank 2 2.63% $8,434
North American Savings Bank, F.S.B. 2 2.81% $9,521
Renasant Bank 2 2.31% $9,781
American Mortgage Bank, LLC 2 2.31% $8,909
Amarillo National Bank 2 2.63% $11,373
UNIVERSITY Federal Credit Union 2 2.50% $9,796
SIRVA MORTGAGE, INC. 2 2.94% $8,597
U.S. Bank 2 3.37% $7,560
UNITED NORTHERN MORTGAGE BANKERS LIMITED 2 2.50% $9,277
AMERICAN HOMESTAR MORTGAGE, L.L.C. 2 3.81% $9,833
DATCU 2 3.06% $9,640
DIAMOND RESIDENTIAL MORTGAGE CORPORATION 2 3.25% $8,657
PNC Bank 2 2.69% $9,518
HOMESPIRE MORTGAGE CORPORATION 2 3.25% $11,672
LOANLEADERS OF AMERICA, INC. 1 3.63% $8,900
Midwest BankCentre 1 2.38% $3,850
LEGEND LENDING CORPORATION 1 2.99% $5,413
MORTGAGE ACCESS CORP. 1 2.75% $11,375
Kwik Mortgage Corporation 1 2.75% $11,094
INTERCOASTAL MORTGAGE COMPANY 1 2.63% $7,904
INTELLILOAN, INC. 1 2.75% $8,613
HOMESTEAD FUNDING CORP. 1 2.50% $8,416
NBKC BANK 1 2.88% $9,030
Neighborhood Loans, Inc. 1 3.00% $9,898
NETWORK CAPITAL FUNDING CORPORATION 1 3.00% $5,749
ATLANTIC BAY MORTGAGE GROUP, L.L.C. 1 3.00% $7,457
NFM, INC. 1 3.00% $9,612
HOME FINANCING UNLIMITED, INC. 1 2.25% $12,015
HOME APPROVALS DIRECT, INC. 1 4.13% $17,061
CALCULATED RISK ANALYTICS LLC 1 2.88% $5,409
Peoples Bank 1 3.50% $7,508
Arvest Bank 1 2.75% $11,690
Platinum Home Mortgage Corporation 1 2.75% $8,224
GIBRALTAR MORTGAGE SERVICES, LLC 1 3.63% $10,343
PREMIER LENDING, INC. 1 3.25% $10,826
Prime Choice Funding Inc. 1 3.25% $3,434
GERSHMAN INVESTMENT CORP. 1 3.50% $10,617
Century Mortgage Company DBA Century Lending Company 1 2.63% $12,214
First State Bank of St. Charles, Missouri 1 2.50% $9,927
Ameris Bank 1 2.88% $11,221
Red River Bank 1 2.50% $10,626
Wyndham Capital Mortgage, Inc. 1 3.13% $7,599
FirstBank 1 2.63% $8,186
Zions Bancorporation, N.A. 1 3.25% $5,648
Financial Funding Solutions, Inc. 1 3.00% $9,280
American National Bank 1 3.00% $9,346
FAY SERVICING, LLC 1 3.75% $9,385
Stifel Bank and Trust 1 2.25% $10,663
Stride Bank 1 4.00% $10,733
Strong Home Mortgage, LLC 1 2.38% $5,948
Evolve Bank & Trust 1 3.75% $5,769
Chickasaw Community Bank 1 2.50% $8,286
Citibank 1 2.75% $13,830
Texana Bank 1 4.00% $7,978
THE MONEY HOUSE INC. 1 3.13% $9,604
TIAA, FSB 1 2.75% $5,765
TJC Mortgage, Inc. 1 3.25% $14,959
TOTAL MORTGAGE SERVICES, LLC 1 4.63% $14,723
East Coast Capital Corp. 1 2.00% $12,911
DIRECT MORTGAGE LOANS, LLC 1 3.25% $9,969
UNIVERSITY LENDING GROUP, LLC 1 3.50% $13,255
VANDERBILT MORTGAGE AND FINANCE, INC. 1 3.63% $10,156
VERITAS FUNDING, LLC 1 2.25% $13,165
A&D Mortgage LLC 1 3.75% $10,600
Acre Mortgage and Financial Inc 1 2.99% $11,616
Credence Funding Corporation 1 2.75% $6,569
COMPASS MORTGAGE, INC. 1 2.88% $9,835
West Gate Bank 1 2.25% $8,215
Willamette Valley Bank 1 3.75% $9,089
1ST PREFERENCE MORTGAGE CORP. 1 2.63% $4,893
WINNPOINTE CORPORATION 1 2.63% $9,848
Wolfe Financial, Inc 1 3.38% $9,549
LRS FINANCIAL NETWORK, INC. 1 2.75% $10,134
LOANPEOPLE, LLC 1 2.75% $10,493

The top Dallas FHA lender as defined by loan originations is DHI MORTGAGE COMPANY, LTD., with 2,267 FHA loans originated. Their average total fees are $8,584, which is $1,882 higher than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee Dallas FHA lenders (with over 10 loans originated) are VILLAGE CAPITAL MORTGAGE ($2,680), OCEANSIDE MORTGAGE COMPANY ($3,437), CHERRY CREEK MORTGAGE, LLC ($4,656), Mr. Cooper ( Nationstar Mortgage ) ($4,892) and PHH Mortgage Corporation ($5,085).

The lowest rate Dallas FHA lenders (with over 10 loans originated) are South Pacific Financial Corporation (2.56%), ASPIRE FINANCIAL, INC. (2.59%), InterContinental Capital Group, Inc (2.63%), ON Q FINANCIAL, INC. (2.64%) and Paramount Bank (2.68%).

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

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%) $496,768 (-2.5%) 1.32 14,317
2018-02-01 $369,450 (0.7%) $519,837 (-0.8%) 1.34 14,306
2018-03-01 $374,330 (0.1%) $528,313 (-2.6%) 1.31 15,283
2018-04-01 $378,721 (-0.3%) $537,033 (-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 (-2.8%) 1.25 20,162
2018-07-01 $366,000 (-0.7%) $511,290 (-2.3%) 1.22 22,057
2018-08-01 $350,000 (-2.0%) $486,561 (-2.3%) 1.17 22,552
2018-09-01 $347,118 (-0.8%) $482,982 (-2.8%) 1.16 22,653
2018-10-01 $345,000 (-1.6%) $482,501 (-3.3%) 1.17 22,820
2018-11-01 $344,900 (-1.5%) $482,686 (-2.9%) 1.17 22,380
2018-12-01 $339,990 (-2.9%) $476,789 (-3.4%) 1.17 20,551
2019-01-01 $339,945 (-4.2%) $472,039 (-5.0%) 1.17 19,006
2019-02-01 $347,450 (-6.0%) $486,374 (-6.4%) 1.17 19,532
2019-03-01 $353,714 (-5.5%) $497,762 (-5.8%) 1.16 20,212
2019-04-01 $360,000 (-4.9%) $508,641 (-5.3%) 1.14 21,066
2019-05-01 $364,369 (-5.4%) $507,995 (-6.5%) 1.14 22,317
2019-06-01 $359,122 (-4.2%) $503,320 (-4.2%) 1.12 23,946
2019-07-01 $355,123 (-3.0%) $493,654 (-3.5%) 1.11 24,769
2019-08-01 $347,920 (-0.6%) $481,577 (-1.0%) 1.10 24,744
2019-09-01 $344,815 (-0.7%) $477,864 (-1.1%) 1.10 24,357
2019-10-01 $343,995 (-0.3%) $477,142 (-1.1%) 1.11 23,848
2019-11-01 $342,900 (-0.6%) $476,134 (-1.4%) 1.12 22,184
2019-12-01 $337,450 (-0.8%) $469,546 (-1.5%) 1.13 19,666
2020-01-01 $335,985 (-1.2%) $466,298 (-1.2%) 1.12 17,983
2020-02-01 $340,000 (-2.1%) $474,793 (-2.4%) 1.11 17,679
2020-03-01 $329,000 (-7.0%) $449,480 (-9.7%) 1.03 19,706
2020-04-01 $339,995 (-5.6%) $471,106 (-7.4%) 1.06 18,656
2020-05-01 $350,000 (-3.9%) $497,354 (-2.1%) 1.06 18,843
2020-06-01 $359,000 (0.0%) $514,773 (2.3%) 1.06 17,018
2020-07-01 $360,000 (1.4%) $523,070 (6.0%) 1.04 15,906
2020-08-01 $360,000 (3.5%) $531,235 (10.3%) 1.03 14,784
2020-09-01 $361,500 (4.8%) $542,635 (13.6%) 1.04 13,643
2020-10-01 $359,000 (4.4%) $549,365 (15.1%) 1.03 12,784
2020-11-01 $361,450 (5.4%) $559,376 (17.5%) 1.06 11,231
2020-12-01 $357,344 (5.9%) $558,381 (18.9%) 1.06 9,470
2021-01-01 $350,000 (4.2%) $551,280 (18.2%) 1.04 8,130
2021-02-01 $359,450 (5.7%) $577,093 (21.6%) 1.05 6,281
2021-03-01 $363,720 (10.6%) $576,970 (28.4%) 1.03 5,884
2021-04-01 $375,000 (10.3%) $592,924 (25.9%) 1.02 5,747
2021-05-01 $380,000 (8.6%) $581,705 (17.0%) 1.01 6,069
2021-06-01 $389,450 (8.5%) $589,137 (14.5%) 1.03 7,002
2021-07-01 $395,000 (9.7%) $575,238 (10.0%) 1.04 8,444
2021-08-01 $399,000 (10.8%) $564,889 (6.3%) 1.06 9,294
2021-09-01 $398,180 (10.2%) $562,288 (3.6%) 1.06 8,970
2021-10-01 $399,000 (11.1%) $574,797 (4.6%) 1.06 8,311
2021-11-01 $400,000 (10.7%) $583,159 (4.3%) 1.07 7,393
2021-12-01 $400,000 (11.9%) $583,580 (4.5%) 1.08 6,299
2022-01-01 $400,000 (14.3%) $596,340 (8.2%) 1.08 4,936
2022-02-01 $410,875 (14.3%) $638,974 (10.7%) 1.07 4,180
2022-03-01 $425,000 (16.9%) $655,947 (13.7%) 1.06 4,587
2022-04-01 $440,000 (17.3%) $672,363 (13.4%) 1.05 5,456
2022-05-01 $474,859 (25.0%) $677,637 (16.5%) 1.09 8,108
2022-06-01 $488,781 (25.5%) $672,310 (14.1%) 1.09 11,304
2022-07-01 $479,900 (21.5%) $643,738 (11.9%) 1.09 14,865
2022-08-01 $462,500 (15.9%) $617,695 (9.4%) 1.07 16,558
2022-09-01 $453,503 (13.9%) $611,044 (8.7%) 1.06 16,532
2022-10-01 $449,999 (12.8%) $612,347 (6.5%) 1.06 17,494
2022-11-01 $447,390 (11.9%) $610,144 (4.6%) 1.08 17,906
2022-12-01 $435,213 (8.8%) $596,604 (2.2%) 1.09 16,429
Dallas's median listing price for 2022-12-01 was $435,213, a difference of $35,213 (8.8%) versus the prior year and $-12,177 versus the prior month.

Dallas's median listing price comes in at 109% of the national average.

Dallas's average listing price for 2022-12-01 was $596,604, a difference of $13,024 (2.2%) versus the prior year and $-13,540 versus the prior month.

For the 2022-12-01 period, Dallas had 16,429 MLS listings, a difference of -1,477 listings (-8%) versus the prior month and 10,130 listings (161%) 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 65 days 2,590 sqft
2018-02-01 51 days 2,634 sqft
2018-03-01 43 days 2,643 sqft
2018-04-01 40 days 2,675 sqft
2018-05-01 37 days 2,721 sqft
2018-06-01 39 days 2,672 sqft
2018-07-01 41 days 2,627 sqft
2018-08-01 48 days 2,551 sqft
2018-09-01 53 days 2,515 sqft
2018-10-01 57 days 2,498 sqft
2018-11-01 60 days 2,469 sqft
2018-12-01 67 days 2,437 sqft
2019-01-01 69 days 2,414 sqft
2019-02-01 58 days 2,438 sqft
2019-03-01 47 days 2,474 sqft
2019-04-01 45 days 2,507 sqft
2019-05-01 45 days 2,521 sqft
2019-06-01 48 days 2,515 sqft
2019-07-01 50 days 2,490 sqft
2019-08-01 52 days 2,439 sqft
2019-09-01 54 days 2,416 sqft
2019-10-01 57 days 2,404 sqft
2019-11-01 59 days 2,397 sqft
2019-12-01 66 days 2,350 sqft
2020-01-01 68 days 2,327 sqft
2020-02-01 54 days 2,337 sqft
2020-03-01 44 days 2,305 sqft
2020-04-01 51 days 2,327 sqft
2020-05-01 53 days 2,392 sqft
2020-06-01 47 days 2,403 sqft
2020-07-01 46 days 2,396 sqft
2020-08-01 45 days 2,368 sqft
2020-09-01 46 days 2,319 sqft
2020-10-01 47 days 2,294 sqft
2020-11-01 49 days 2,253 sqft
2020-12-01 53 days 2,202 sqft
2021-01-01 52 days 2,154 sqft
2021-02-01 42 days 2,149 sqft
2021-03-01 39 days 2,152 sqft
2021-04-01 30 days 2,147 sqft
2021-05-01 30 days 2,170 sqft
2021-06-01 29 days 2,172 sqft
2021-07-01 28 days 2,172 sqft
2021-08-01 31 days 2,176 sqft
2021-09-01 36 days 2,166 sqft
2021-10-01 37 days 2,153 sqft
2021-11-01 39 days 2,152 sqft
2021-12-01 43 days 2,147 sqft
2022-01-01 41 days 2,121 sqft
2022-02-01 32 days 2,105 sqft
2022-03-01 25 days 2,117 sqft
2022-04-01 23 days 2,153 sqft
2022-05-01 22 days 2,249 sqft
2022-06-01 22 days 2,304 sqft
2022-07-01 29 days 2,285 sqft
2022-08-01 35 days 2,261 sqft
2022-09-01 43 days 2,249 sqft
2022-10-01 45 days 2,246 sqft
2022-11-01 49 days 2,241 sqft
2022-12-01 59 days 2,215 sqft
Dallas's median listing age (time on market) for 2022-12-01 was 59 days. This is 39% longer than the same period one year ago.

Dallas's median square footage for active listings during the 2022-12-01 period was 2,215 sqft. One year prior, the average listing was 2,147 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).