Fredericksburg FHA Loan Rates, Closing Costs & Stats
Fredericksburg, 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.
Fredericksburg's 13 lenders originated 21 FHA loans during 2023. The total origination value was $7,065,000, with an average FHA loan value of $336,429.
Fredericksburg FHA Loans, 30 Year Fixed Rates
30 Year FHA mortgages in Fredericksburg
averaged
6.22%
for the week of 2024-12-06, compared to the national average (all FHA variants) of
6.363% for the same period.
Fredericksburg's average FHA mortgage closing costs are $10,286.
The average rate for the prior week (2024-11-29) was
6.36% and
one month ago for the week of 2024-11-01, the
average rate was 6.56%.
The average rate one year ago was 7.09%.
For refis of the same type during the week of 2024-12-06, the average rate
was 6.16%.
Fredericksburg 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 Fredericksburg level.
Name | # of Loans | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
---|---|---|---|
QUICKEN LOANS, LLC | 3 | 6.58% | $15,184 |
V.I.P. MORTGAGE, INC. | 2 | 6.13% | $13,362 |
CALCON MUTUAL MORTGAGE LLC | 1 | 5.75% | $18,543 |
CORNERSTONE HOME LENDING, INC. | 1 | 6.25% | $20,047 |
DIAMOND RESIDENTIAL MORTGAGE CORPORATION | 1 | 5.50% | $11,315 |
LOANPEOPLE, LLC | 1 | 7.63% | $20,136 |
ACADEMY MORTGAGE CORPORATION | 1 | 5.88% | $16,982 |
Prosperity Home Mortgage, LLC | 1 | 5.88% | $15,965 |
SWBC MORTGAGE CORPORATION | 1 | 6.25% | $17,890 |
THRIVE MORTGAGE, LLC | 1 | 7.13% | $22,177 |
UNITED WHOLESALE MORTGAGE, LLC | 1 | 8.12% | $12,442 |
NEWREZ LLC | 1 | 6.63% | $11,784 |
AMCAP MORTGAGE, LTD. | 1 | 7.38% | $11,331 |
The top Fredericksburg FHA lender as defined by loan originations is QUICKEN LOANS, LLC, with
3 FHA loans originated. Their average total fees are
$15,184, which is $1,822
higher than the next largest lender,
V.I.P. MORTGAGE, INC..
The lowest fee Fredericksburg FHA lenders (with over 10 loans originated) are
.
The lowest rate Fredericksburg FHA lenders (with over 10 loans originated) are
.
Fredericksburg FHA Loan Limits
Metro | County | Year | Single Family Limit | 2 Family Limit | 3 Family Limit | 4 Family Limit |
---|---|---|---|---|---|---|
FREDERICKSBURG, TX | GILLESPIE | 2022 | $420,680 | $538,650 | $651,050 | $809,150 |
FREDERICKSBURG, TX | GILLESPIE | 2023 | $472,030 | $604,400 | $730,525 | $907,900 |
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Fredericksburg (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $499,600 (-9.0%) | $761,638 (-11.0%) | 0.00 | 231 |
2018-02-01 | $499,700 (-9.9%) | $761,461 (-11.6%) | 0.00 | 234 |
2018-03-01 | $499,000 (-10.8%) | $732,758 (-15.4%) | 0.00 | 254 |
2018-04-01 | $499,400 (-13.0%) | $751,109 (-11.8%) | 0.00 | 260 |
2018-05-01 | $495,000 (-13.2%) | $740,380 (-14.6%) | 0.00 | 268 |
2018-06-01 | $502,000 (-12.6%) | $734,462 (-7.7%) | 0.00 | 264 |
2018-07-01 | $506,000 (-14.1%) | $746,373 (-5.9%) | 0.00 | 257 |
2018-08-01 | $531,750 (-3.3%) | $767,410 (1.3%) | 0.00 | 254 |
2018-09-01 | $545,000 (3.8%) | $788,414 (1.9%) | 0.00 | 253 |
2018-10-01 | $549,000 (0.0%) | $782,365 (0.5%) | 0.00 | 249 |
2018-11-01 | $534,213 (1.6%) | $779,484 (2.8%) | 0.00 | 243 |
2018-12-01 | $517,000 (-5.8%) | $794,994 (4.8%) | 0.00 | 238 |
2019-01-01 | $530,138 (6.1%) | $802,674 (5.4%) | 0.00 | 219 |
2019-02-01 | $525,000 (5.1%) | $776,257 (1.9%) | 0.00 | 219 |
2019-03-01 | $543,586 (8.9%) | $798,712 (9.0%) | 0.00 | 219 |
2019-04-01 | $549,850 (10.1%) | $808,191 (7.6%) | 0.00 | 223 |
2019-05-01 | $590,000 (19.2%) | $826,468 (11.6%) | 0.00 | 229 |
2019-06-01 | $550,000 (9.6%) | $804,614 (9.6%) | 0.00 | 232 |
2019-07-01 | $529,000 (4.6%) | $769,409 (3.1%) | 0.00 | 229 |
2019-08-01 | $514,155 (-3.3%) | $759,142 (-1.1%) | 0.00 | 245 |
2019-09-01 | $506,136 (-7.1%) | $774,752 (-1.7%) | 0.00 | 258 |
2019-10-01 | $513,341 (-6.5%) | $787,318 (0.6%) | 0.00 | 265 |
2019-11-01 | $504,750 (-5.5%) | $772,815 (-0.9%) | 0.00 | 260 |
2019-12-01 | $504,500 (-2.4%) | $837,551 (5.4%) | 0.00 | 244 |
2020-01-01 | $501,750 (-5.4%) | $785,556 (-2.1%) | 0.00 | 211 |
2020-02-01 | $571,750 (8.9%) | $868,750 (11.9%) | 0.00 | 210 |
2020-03-01 | $603,833 (11.1%) | $927,079 (16.1%) | 0.00 | 212 |
2020-04-01 | $598,500 (8.9%) | $908,325 (12.4%) | 0.00 | 238 |
2020-05-01 | $599,450 (1.6%) | $902,327 (9.2%) | 0.00 | 236 |
2020-06-01 | $604,925 (10.0%) | $905,313 (12.5%) | 0.00 | 231 |
2020-07-01 | $647,500 (22.4%) | $931,729 (21.1%) | 0.00 | 204 |
2020-08-01 | $649,000 (26.2%) | $901,172 (18.7%) | 0.00 | 189 |
2020-09-01 | $646,500 (27.7%) | $889,912 (14.9%) | 0.00 | 174 |
2020-10-01 | $680,000 (32.5%) | $1,009,077 (28.2%) | 0.00 | 162 |
2020-11-01 | $686,000 (35.9%) | $1,018,324 (31.8%) | 0.00 | 153 |
2020-12-01 | $733,625 (45.4%) | $1,132,428 (35.2%) | 0.00 | 128 |
2021-01-01 | $750,000 (49.5%) | $1,151,385 (46.6%) | 0.00 | 99 |
2021-02-01 | $845,875 (47.9%) | $1,211,104 (39.4%) | 0.00 | 87 |
2021-03-01 | $833,725 (38.1%) | $1,144,779 (23.5%) | 0.00 | 84 |
2021-04-01 | $905,750 (51.3%) | $1,316,591 (45.0%) | 0.00 | 64 |
2021-05-01 | $888,000 (48.1%) | $1,282,568 (42.1%) | 0.00 | 61 |
2021-06-01 | $863,000 (42.7%) | $1,375,589 (52.0%) | 0.00 | 75 |
2021-07-01 | $799,500 (23.5%) | $1,202,409 (29.1%) | 0.00 | 101 |
2021-08-01 | $787,000 (21.3%) | $1,301,870 (44.5%) | 0.00 | 100 |
2021-09-01 | $797,250 (23.3%) | $1,326,066 (49.0%) | 0.00 | 117 |
2021-10-01 | $849,500 (24.9%) | $1,339,678 (32.8%) | 0.00 | 110 |
2021-11-01 | $899,000 (31.1%) | $1,461,234 (43.5%) | 0.00 | 93 |
2021-12-01 | $918,425 (25.2%) | $1,444,942 (27.6%) | 0.00 | 90 |
2022-01-01 | $989,000 (31.9%) | $1,518,246 (31.9%) | 0.00 | 79 |
2022-02-01 | $1,068,625 (26.3%) | $1,576,226 (30.2%) | 0.00 | 71 |
2022-03-01 | $1,195,000 (43.3%) | $1,683,610 (47.1%) | 0.00 | 70 |
2022-04-01 | $1,187,500 (31.1%) | $1,703,274 (29.4%) | 0.00 | 75 |
2022-05-01 | $934,500 (5.2%) | $1,471,508 (14.7%) | 0.00 | 101 |
2022-06-01 | $881,000 (2.1%) | $1,375,632 (0.0%) | 0.00 | 130 |
2022-07-01 | $775,000 (-3.1%) | $1,189,636 (-1.1%) | 0.00 | 148 |
2022-08-01 | $754,375 (-4.2%) | $1,191,125 (-8.5%) | 0.00 | 164 |
2022-09-01 | $743,125 (-6.8%) | $1,155,068 (-12.9%) | 0.00 | 165 |
2022-10-01 | $722,250 (-15.0%) | $1,146,411 (-14.4%) | 0.00 | 178 |
2022-11-01 | $704,350 (-21.7%) | $1,213,636 (-16.9%) | 0.00 | 183 |
2022-12-01 | $698,500 (-24.0%) | $1,268,821 (-12.2%) | 0.00 | 185 |
2023-01-01 | $697,000 (-29.5%) | $1,283,674 (-15.5%) | 0.00 | 185 |
2023-02-01 | $782,500 (-26.8%) | $1,309,472 (-16.9%) | 0.00 | 197 |
2023-03-01 | $774,500 (-35.2%) | $1,301,552 (-22.7%) | 0.00 | 223 |
2023-04-01 | $799,000 (-32.7%) | $1,291,638 (-24.2%) | 0.00 | 237 |
2023-05-01 | $829,800 (-11.2%) | $1,341,563 (-8.8%) | 0.00 | 250 |
2023-06-01 | $824,775 (-6.4%) | $1,355,676 (-1.5%) | 0.00 | 258 |
2023-07-01 | $798,500 (3.0%) | $1,350,208 (13.5%) | 0.00 | 269 |
2023-08-01 | $782,000 (3.7%) | $1,292,149 (8.5%) | 0.00 | 278 |
2023-09-01 | $787,500 (6.0%) | $1,249,058 (8.1%) | 0.00 | 303 |
2023-10-01 | $799,000 (10.6%) | $1,277,577 (11.4%) | 0.00 | 303 |
2023-11-01 | $798,000 (13.3%) | $1,248,785 (2.9%) | 0.00 | 314 |
2023-12-01 | $799,000 (14.4%) | $1,223,084 (-3.6%) | 0.00 | 289 |
2024-01-01 | $797,000 (14.4%) | $1,277,468 (-0.5%) | 0.00 | 256 |
2024-02-01 | $796,000 (1.7%) | $1,291,688 (-1.4%) | 0.00 | 275 |
2024-03-01 | $825,000 (6.5%) | $1,305,155 (0.3%) | 0.00 | 286 |
2024-04-01 | $839,875 (5.1%) | $1,299,884 (0.6%) | 0.00 | 308 |
2024-05-01 | $829,350 (-0.1%) | $1,301,391 (-3.0%) | 0.00 | 316 |
2024-06-01 | $799,000 (-3.1%) | $1,348,022 (-0.6%) | 0.00 | 370 |
2024-07-01 | $799,850 (0.2%) | $1,397,810 (3.5%) | 0.00 | 398 |
2024-08-01 | $801,166 (2.5%) | $1,403,705 (8.6%) | 0.00 | 382 |
2024-09-01 | $839,975 (6.7%) | $1,413,329 (13.2%) | 0.00 | 378 |
2024-10-01 | $847,500 (6.1%) | $1,475,853 (15.5%) | 0.00 | 392 |
2024-11-01 | $845,000 (5.9%) | $1,485,234 (18.9%) | 0.00 | 395 |
Fredericksburg's median listing price comes in at 0% of the national average.
Fredericksburg's average listing price for 2024-11-01 was $1,485,234, a difference of $236,449 (18.9%) versus the prior year and $9,381 versus the prior month.
For the 2024-11-01 period, Fredericksburg had 395 MLS listings, a difference of 3 listings (1%) versus the prior month and 81 listings (26%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Fredericksburg (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 2,238 sqft |
2018-02-01 | 0 days | 2,245 sqft |
2018-03-01 | 0 days | 2,229 sqft |
2018-04-01 | 0 days | 2,324 sqft |
2018-05-01 | 0 days | 2,319 sqft |
2018-06-01 | 0 days | 2,318 sqft |
2018-07-01 | 0 days | 2,334 sqft |
2018-08-01 | 0 days | 2,313 sqft |
2018-09-01 | 0 days | 2,335 sqft |
2018-10-01 | 0 days | 2,279 sqft |
2018-11-01 | 0 days | 2,255 sqft |
2018-12-01 | 0 days | 2,227 sqft |
2019-01-01 | 0 days | 2,191 sqft |
2019-02-01 | 0 days | 2,145 sqft |
2019-03-01 | 0 days | 2,118 sqft |
2019-04-01 | 0 days | 2,038 sqft |
2019-05-01 | 0 days | 2,032 sqft |
2019-06-01 | 0 days | 2,001 sqft |
2019-07-01 | 0 days | 1,943 sqft |
2019-08-01 | 0 days | 1,938 sqft |
2019-09-01 | 0 days | 1,949 sqft |
2019-10-01 | 0 days | 1,958 sqft |
2019-11-01 | 0 days | 1,972 sqft |
2019-12-01 | 0 days | 2,025 sqft |
2020-01-01 | 0 days | 2,033 sqft |
2020-02-01 | 0 days | 2,143 sqft |
2020-03-01 | 0 days | 2,220 sqft |
2020-04-01 | 0 days | 2,221 sqft |
2020-05-01 | 0 days | 2,246 sqft |
2020-06-01 | 0 days | 2,245 sqft |
2020-07-01 | 0 days | 2,260 sqft |
2020-08-01 | 0 days | 2,317 sqft |
2020-09-01 | 0 days | 2,243 sqft |
2020-10-01 | 0 days | 2,231 sqft |
2020-11-01 | 0 days | 2,216 sqft |
2020-12-01 | 0 days | 2,470 sqft |
2021-01-01 | 0 days | 2,484 sqft |
2021-02-01 | 0 days | 2,560 sqft |
2021-03-01 | 0 days | 2,711 sqft |
2021-04-01 | 0 days | 2,800 sqft |
2021-05-01 | 0 days | 2,619 sqft |
2021-06-01 | 0 days | 2,287 sqft |
2021-07-01 | 0 days | 2,175 sqft |
2021-08-01 | 0 days | 2,089 sqft |
2021-09-01 | 0 days | 2,119 sqft |
2021-10-01 | 0 days | 2,192 sqft |
2021-11-01 | 0 days | 2,327 sqft |
2021-12-01 | 0 days | 2,354 sqft |
2022-01-01 | 0 days | 2,400 sqft |
2022-02-01 | 0 days | 2,633 sqft |
2022-03-01 | 0 days | 2,639 sqft |
2022-04-01 | 0 days | 2,722 sqft |
2022-05-01 | 0 days | 2,074 sqft |
2022-06-01 | 0 days | 2,024 sqft |
2022-07-01 | 0 days | 1,976 sqft |
2022-08-01 | 0 days | 1,980 sqft |
2022-09-01 | 0 days | 2,000 sqft |
2022-10-01 | 0 days | 2,001 sqft |
2022-11-01 | 0 days | 2,036 sqft |
2022-12-01 | 0 days | 2,019 sqft |
2023-01-01 | 0 days | 2,025 sqft |
2023-02-01 | 0 days | 2,058 sqft |
2023-03-01 | 0 days | 2,053 sqft |
2023-04-01 | 0 days | 2,082 sqft |
2023-05-01 | 0 days | 2,156 sqft |
2023-06-01 | 0 days | 2,188 sqft |
2023-07-01 | 0 days | 2,183 sqft |
2023-08-01 | 0 days | 2,195 sqft |
2023-09-01 | 0 days | 2,208 sqft |
2023-10-01 | 0 days | 2,202 sqft |
2023-11-01 | 0 days | 2,188 sqft |
2023-12-01 | 0 days | 2,174 sqft |
2024-01-01 | 0 days | 2,120 sqft |
2024-02-01 | 0 days | 2,138 sqft |
2024-03-01 | 0 days | 2,136 sqft |
2024-04-01 | 0 days | 2,168 sqft |
2024-05-01 | 0 days | 2,202 sqft |
2024-06-01 | 0 days | 2,193 sqft |
2024-07-01 | 0 days | 2,225 sqft |
2024-08-01 | 0 days | 2,189 sqft |
2024-09-01 | 0 days | 2,196 sqft |
2024-10-01 | 0 days | 2,261 sqft |
2024-11-01 | 0 days | 2,253 sqft |
Fredericksburg's median square footage for active listings during the 2024-11-01 period was 2,253 sqft. One year prior, the average listing was 2,188 sqft.