Granbury FHA Loan Rates, Closing Costs & Stats

Granbury, 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.

    Granbury's 69 lenders originated 279 FHA loans during 2024. The total origination value was $77,245,000, with an average FHA loan value of $276,864.

    Granbury FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Granbury averaged 6.68% for the week of 2025-04-04, compared to the national average (all FHA variants) of 6.259% for the same period.

    Granbury's average FHA mortgage closing costs are $9,475.

    The average rate for the prior week (2025-03-28) was 6.47% and one month ago for the week of 2025-02-28, the average rate was 6.56%.

    The average rate one year ago was 6.98%.

    For refis of the same type during the week of 2025-04-04, the average rate was 6.28%.

    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

    Granbury 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 Granbury level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    GUILD MORTGAGE COMPANY 25 6.79% $12,217
    UNITED WHOLESALE MORTGAGE, LLC 23 6.30% $15,201
    SFMC, LP 20 6.73% $13,366
    DHI MORTGAGE COMPANY, LTD. 12 4.75% $11,636
    QUICKEN LOANS, LLC 10 6.27% $13,379
    FREEDOM MORTGAGE CORPORATION 9 6.53% $13,281
    PRIMELENDING, A PLAINSCAPITAL COMPANY 9 6.78% $14,224
    CMG MORTGAGE, INC. 8 6.59% $12,396
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 8 6.94% $11,978
    LOANDEPOT.COM, LLC 7 6.57% $9,898
    CARDINAL FINANCIAL 7 7.29% $11,065
    MORTGAGE FINANCIAL SERVICES, LLC 6 6.29% $12,776
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 6 6.79% $9,625
    Equity Prime Mortgage LLC 5 6.53% $13,391
    AMERICAN PORTFOLIO MORTGAGE CORPORATION 5 7.10% $7,623
    PENNYMAC LOAN SERVICES, LLC 5 6.10% $10,475
    EVERETT FINANCIAL, INC. 4 6.69% $14,155
    Network Funding, L.P. 4 6.56% $11,232
    Gateway First Bank 4 6.50% $11,351
    BROKER SOLUTIONS, INC. 4 6.88% $12,583
    NEWREZ LLC 3 7.08% $8,910
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 3 6.58% $13,094
    SUN WEST MORTGAGE COMPANY, INC. 3 6.50% $9,553
    Century Mortgage Company DBA Century Lending Company 3 6.96% $12,509
    AMERICAN FINANCIAL RESOURCES, INC. 3 6.96% $13,525
    HOMESIDE FINANCIAL, LLC 2 5.88% $15,884
    Paramount Residential Mortgage Group, Inc. 2 6.31% $10,794
    VILLAGE CAPITAL MORTGAGE 2 7.25% $2,651
    AMERICAN PACIFIC MORTGAGE CORPORATION 2 6.06% $15,689
    AMERICAN FINANCIAL NETWORK, INC. 2 6.19% $9,190
    CROSSCOUNTRY MORTGAGE, LLC 2 8.19% $10,922
    AmeriHome Mortgage Company, LLC 2 6.38% $10,304
    GUARANTEED RATE, INC. 2 5.93% $13,593
    Flagstar Bank, FSB 2 6.13% $9,592
    MID AMERICA MORTGAGE, INC. 2 6.88% $5,049
    Wells Fargo Bank 1 7.63% $13,135
    BOKF 1 6.13% $14,109
    CANOPY MORTGAGE, LLC 1 6.50% $10,928
    CHURCHILL MORTGAGE CORPORATION 1 6.88% $19,792
    Cornerstone First Mortgage, Inc 1 7.50% $11,710
    CORNERSTONE HOME LENDING, INC. 1 7.50% $6,275
    First United Bank and Trust Company 1 5.88% $14,384
    GEO-CORP, INC. 1 7.63% $17,307
    HOMEBRIDGE FINANCIAL SERVICES, INC. 1 5.25% $12,406
    HOMETRUST MORTGAGE COMPANY 1 7.25% $9,964
    Independent Bank 1 7.38% $12,032
    LAKEVIEW LOAN SERVICING, LLC 1 6.63% $8,440
    LAND HOME FINANCIAL SERVICES, INC. 1 7.00% $15,482
    Loan Simple, Inc. 1 7.13% $16,808
    MASON MCDUFFIE MORTGAGE CORPORATION 1 6.25% $13,749
    Mortgage Research Center, LLC 1 7.13% $7,114
    Mr. Cooper ( Nationstar Mortgage ) 1 6.75% $5,820
    MUTUAL OF OMAHA MORTGAGE, INC. 1 6.75% $14,469
    NATIONS RELIABLE LENDING, LLC 1 8.25% $8,824
    NFM, INC. 1 6.50% $12,668
    PACIFIC RESIDENTIAL MORTGAGE, LLC 1 6.75% $10,216
    PHH Mortgage Corporation 1 6.63% $14,550
    Plains Commerce Bank 1 6.75% $16,832
    PLAZA HOME MORTGAGE, INC. 1 5.50% $10,213
    PREMIER MORTGAGE RESOURCES, L.L.C. 1 7.13% $14,048
    Prosperity Home Mortgage, LLC 1 5.25% $17,166
    S1L, Inc. 1 7.63% $10,043
    SECURITYNATIONAL MORTGAGE COMPANY 1 6.75% $16,074
    Sierra Pacific Mortgage Company, Inc. 1 6.63% $8,413
    SUMMIT FUNDING, INC. 1 7.75% $7,525
    Sunflower Bank 1 6.38% $19,449
    TOWNE MORTGAGE COMPANY 1 6.75% $11,216
    Waterstone Mortgage Corporation 1 6.13% $11,521
    Affiliated Bank 1 7.13% $14,810

    The top Granbury FHA lender as defined by loan originations is GUILD MORTGAGE COMPANY, with 25 FHA loans originated. Their average total fees are $12,217, which is $2,985 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee Granbury FHA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. ($11,636), GUILD MORTGAGE COMPANY ($12,217), SFMC, LP ($13,366), QUICKEN LOANS, LLC ($13,379) and UNITED WHOLESALE MORTGAGE, LLC ($15,201).

    The lowest rate Granbury FHA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (4.75%), QUICKEN LOANS, LLC (6.27%), UNITED WHOLESALE MORTGAGE, LLC (6.30%), SFMC, LP (6.73%) and GUILD MORTGAGE COMPANY (6.79%).

    Granbury FHA Loan Limits

    Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
    GRANBURY, TX HOOD 2022 $420,680 $538,650 $651,050 $809,150
    GRANBURY, TX HOOD 2023 $472,030 $604,400 $730,525 $907,900

    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).