Houston FHA Loan Rates, Closing Costs & Stats

HOUSTON-THE WOODLANDS-SUGAR LAND, 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.

    Houston's 323 lenders originated 20,862 FHA loans during 2022. The total origination value was $5,838,650,000, with an average FHA loan value of $279,870.

    Houston FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Houston averaged 6.4% for the week of 2023-05-26, compared to the national average (all FHA variants) of 6.612% for the same period.

    Houston's average FHA mortgage closing costs are $8,502.

    The average rate for the prior week (2023-05-19) was 6.07% and one month ago for the week of 2023-04-21, the average rate was 6.11%.

    The average rate one year ago was 4.73%.

    For refis of the same type during the week of 2023-05-26, the average rate was 5.29%.

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

    Houston 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 Houston level.

    Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    DHI MORTGAGE COMPANY, LTD. 1,446 4.21% $10,079
    UNITED WHOLESALE MORTGAGE, LLC 1,199 4.95% $11,259
    LOANDEPOT.COM, LLC 779 5.16% $12,351
    EAGLE HOME MORTGAGE, LLC 753 4.57% $10,400
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 616 4.89% $8,409
    QUICKEN LOANS, LLC 613 4.51% $11,712
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 590 5.42% $9,999
    EVERETT FINANCIAL, INC. 584 5.49% $7,867
    AMCAP MORTGAGE, LTD. 571 5.22% $12,612
    CORNERSTONE HOME LENDING, INC. 525 5.10% $12,642
    NATIONS RELIABLE LENDING, LLC 510 5.33% $13,188
    CALIBER HOME LOANS, INC. 405 4.68% $11,131
    INTERLINC MORTGAGE SERVICES, LLC 381 5.17% $11,423
    Gateway First Bank 375 5.38% $9,305
    CARDINAL FINANCIAL 351 4.91% $12,000
    CROSSCOUNTRY MORTGAGE, LLC 322 5.38% $13,257
    CMG MORTGAGE, INC. 309 5.19% $12,803
    PULTE MORTGAGE LLC 303 4.93% $5,872
    FREEDOM MORTGAGE CORPORATION 294 4.50% $10,566
    T2 FINANCIAL LLC 292 5.55% $11,244
    Flagstar Bank, FSB 259 4.79% $10,700
    KBHS HOME LOANS, LLC 256 5.05% $13,520
    PLAZA HOME MORTGAGE, INC. 225 4.80% $11,117
    PRIMELENDING, A PLAINSCAPITAL COMPANY 222 5.32% $13,070
    Network Funding, L.P. 221 5.25% $12,381
    AMERICAN PACIFIC MORTGAGE CORPORATION 220 5.14% $13,526
    Paramount Residential Mortgage Group, Inc. 168 4.95% $12,422
    GUILD MORTGAGE COMPANY 156 5.20% $12,819
    MOVEMENT MORTGAGE, LLC 155 5.31% $11,739
    INSPIRE HOME LOANS INC. 151 4.67% $10,726
    HOME POINT FINANCIAL CORPORATION 151 4.47% $12,263
    PENNYMAC LOAN SERVICES, LLC 149 3.99% $8,971
    CLM MORTGAGE, INC 147 5.03% $14,080
    GUARANTEED RATE, INC. 137 4.97% $12,234
    CHERRY CREEK MORTGAGE, LLC 133 4.90% $4,624
    K. HOVNANIAN AMERICAN MORTGAGE, L.L.C. 130 4.73% $11,512
    Town Square Mortgage & Investments, Inc. 125 5.35% $10,913
    LAKEVIEW LOAN SERVICING, LLC 123 3.39% $5,467
    VELOCIO MORTGAGE L.L.C. 120 4.89% $14,207
    Mr. Cooper ( Nationstar Mortgage ) 119 3.61% $6,199
    THRIVE MORTGAGE, LLC 112 5.10% $12,505
    SECURITYNATIONAL MORTGAGE COMPANY 111 5.37% $12,403
    MID AMERICA MORTGAGE, INC. 109 5.17% $9,509
    Nations Lending Corporation 108 4.98% $9,889
    BancorpSouth Bank 102 4.86% $10,911
    BROKER SOLUTIONS, INC. 101 5.13% $11,417
    Lakeview Community Capital, LLC 98 3.37% $5,310
    M/I FINANCIAL, LLC 86 4.71% $12,789
    HOMETRUST MORTGAGE COMPANY 84 5.08% $10,109
    MORTGAGE FINANCIAL SERVICES, LLC 82 5.10% $11,502
    Equity Prime Mortgage LLC 81 5.40% $12,569
    TOWNE MORTGAGE COMPANY 80 4.55% $11,904
    ENVOY MORTGAGE, LTD 80 5.23% $12,841
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 77 5.37% $11,657
    AMERICA'S CHOICE HOME LOANS LP 77 5.25% $11,978
    EUSTIS AND AMERICAN MORTGAGE COMPANY 76 4.85% $11,263
    LEGEND LENDING CORPORATION 75 5.56% $12,660
    S1L, Inc. 74 5.26% $10,878
    Carrington Mortgage Services, LLC 64 5.03% $11,422
    GIBRALTAR MORTGAGE SERVICES, LLC 60 5.01% $10,750
    CITY FIRST MORTGAGE SERVICES, L.L.C. 60 4.78% $12,117
    ADVISA MORTGAGE SERVICES, LTD. 58 5.09% $12,514
    Citizens Bank 55 4.51% $12,418
    NEWREZ LLC 52 4.80% $8,872
    Century Mortgage Company DBA Century Lending Company 51 5.34% $14,683
    GUARANTEED RATE AFFINITY, LLC 51 5.00% $10,980
    PANORAMA MORTGAGE GROUP, LLC 50 5.58% $11,694
    HANCOCK MORTGAGE PARTNERS, LLC 50 5.13% $14,455
    AMERISAVE MORTGAGE CORPORATION 49 4.44% $15,055
    VILLAGE CAPITAL MORTGAGE 46 3.18% $3,339
    HOMEBRIDGE FINANCIAL SERVICES, INC. 45 4.80% $13,012
    SOUTHWEST FUNDING, LP 45 5.46% $16,004
    BECKAM FUNDING CORP. 45 5.52% $18,592
    SUN WEST MORTGAGE COMPANY, INC. 44 5.06% $12,825
    LEADERONE FINANCIAL CORPORATION 42 5.27% $10,734
    JPMorgan Chase Bank 40 5.29% $7,557
    CALCON MUTUAL MORTGAGE LLC 39 5.33% $14,349
    GREAT WESTERN FINANCIAL SERVICES, INC. 38 4.99% $11,759
    PRIMARY RESIDENTIAL MORTGAGE, INC. 37 5.27% $12,163
    DRAPER AND KRAMER MORTGAGE CORP. 36 5.14% $13,097
    UNION HOME MORTGAGE CORP. 35 5.45% $10,769
    First United Bank and Trust Company 34 4.87% $11,541
    Independent Bank 34 5.64% $10,756
    SWBC MORTGAGE CORPORATION 33 5.59% $10,013
    OCMBC, INC. 33 5.89% $14,177
    South Pacific Financial Corporation 33 4.67% $13,126
    VAN DYK MORTGAGE CORPORATION 32 5.01% $10,217
    ACADEMY MORTGAGE CORPORATION 32 5.21% $13,883
    CERTAINTY HOME LOANS, LLC 32 4.68% $11,770
    First Home Bank 32 5.33% $11,042
    PLANET HOME LENDING, LLC 31 3.96% $7,185
    CRESTMARK MORTGAGE COMPANY, LTD. 31 5.32% $13,591
    BAY EQUITY LLC 31 5.16% $10,653
    BOKF 30 4.65% $11,178
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 30 5.65% $11,103
    SUCCESS MORTGAGE PARTNERS, INC. 29 5.25% $13,345
    Hometown Lenders, Inc. 28 5.46% $11,349
    Loan Simple, Inc. 28 5.83% $11,911
    GENEVA FINANCIAL, LLC 27 5.37% $13,863
    LHM FINANCIAL CORPORATION 27 5.18% $11,350
    Mortgage Research Center, LLC 26 5.46% $8,358
    Bank of America 24 3.85% $4,630
    Magnolia Bank 23 5.24% $13,604
    TJC Mortgage, Inc. 21 5.02% $11,116
    Trinity Oaks Mortgage, LLC 21 5.46% $13,416
    ASPIRE FINANCIAL, INC. 21 4.71% $12,047
    RESIDENTIAL BANCORP. 20 4.97% $15,150
    HOMESIDE FINANCIAL, LLC 19 4.87% $11,317
    First Guaranty Mortgage Corporation 18 3.63% $7,327
    TEXAS DOW EMPLOYEES CREDIT UNION 18 4.42% $11,486
    Sunflower Bank 18 4.55% $10,230
    FBC MORTGAGE, LLC 18 5.49% $10,511
    FINANCE OF AMERICA MORTGAGE LLC 18 4.57% $11,460
    Plains Commerce Bank 18 5.39% $11,642
    OPEN MORTGAGE, LLC 18 5.32% $12,793
    CORNERSTONE MORTGAGE PARTNERS OF TEXAS, L.P. 17 4.96% $13,951
    Republic State Mortgage Co. 17 4.99% $11,938
    ZILLOW HOME LOANS, LLC 17 5.60% $10,993
    MORIA DEVELOPMENT, INC. 17 5.29% $11,608
    DAS Acquisition Company, LLC 16 4.76% $15,093
    NATIONS DIRECT MORTGAGE, LLC 16 4.80% $12,727
    Amerifirst Financial, Inc. 16 5.13% $10,600
    MORTGAGE SOLUTIONS OF COLORADO, LLC 15 5.28% $14,536
    CHURCHILL MORTGAGE CORPORATION 15 5.39% $12,619
    Encompass Lending Group, LP 15 5.73% $11,915
    Wells Fargo Bank 15 4.55% $6,392
    Northpointe Bank 14 5.04% $13,601
    AHL FUNDING 14 5.65% $17,744
    FC LENDING, LTD. 14 5.05% $14,402
    MUTUAL OF OMAHA MORTGAGE, INC. 12 5.06% $12,385
    U.S. Bank 12 4.90% $9,812
    Hometown Equity Mortgage, LLC 12 5.74% $15,814
    PRIORITY HOME MORTGAGE, L.P. 11 4.19% $13,422
    SUMMIT FUNDING, INC. 11 5.02% $13,510
    Regions Bank 11 5.31% $10,881
    SFMC, LP 11 5.66% $13,233
    LAND HOME FINANCIAL SERVICES, INC. 11 5.69% $10,657
    Wolfe Financial, Inc 10 5.30% $12,930
    BETTER MORTGAGE CORPORATION 10 3.95% $11,118
    SENTE MORTGAGE, INC. 10 5.54% $15,350
    ARC HOME LLC 10 4.19% $11,530
    Goldwater Bank, N.A. 10 5.20% $13,832
    AMERICAN FINANCING CORPORATION 10 4.29% $11,885
    KELLER MORTGAGE, LLC 9 4.33% $8,771
    DIRECT MORTGAGE LOANS, LLC 9 5.32% $12,215
    HOMESPIRE MORTGAGE CORPORATION 9 5.96% $11,133
    Colonial Savings, F.A. 9 4.40% $9,044
    Bank of England 9 5.03% $10,908
    Ixonia Bank 8 6.17% $14,796
    Prosperity Home Mortgage, LLC 7 5.43% $10,810
    UNIVERSITY Federal Credit Union 7 4.14% $8,843
    AMERICAN HOMESTAR MORTGAGE, L.L.C. 7 4.11% $13,783
    First National Bank Texas 7 5.82% $11,788
    MICHIGAN MUTUAL, INC. 7 4.37% $14,902
    INTERCAP LENDING INC. 7 5.18% $12,761
    AMERICAN FINANCIAL RESOURCES, INC. 7 5.36% $10,463
    NFM, INC. 7 4.82% $11,270
    Commerce Home Mortgage, Inc. 7 4.36% $11,842
    LOANPAL, LLC 6 3.83% $9,511
    Wyndham Capital Mortgage, Inc. 6 4.65% $10,027
    Wallick & Volk, Inc. 6 5.17% $11,625
    Trustmark National Bank 6 4.17% $11,533
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 6 4.93% $12,693
    NBKC BANK 6 5.02% $9,967
    DIRECTIONS EQUITY, LLC 6 4.88% $11,876
    First Savings Bank 6 4.13% $10,780
    VANDERBILT MORTGAGE AND FINANCE, INC. 6 5.40% $12,439
    NATIONWIDE MORTGAGE BANKERS, INC. 5 5.00% $13,172
    City Bank 5 5.98% $11,365
    The Federal Savings Bank 5 4.55% $11,257
    CANOPY MORTGAGE, LLC 5 4.20% $11,786
    Victorian Finance, LLC 5 5.33% $13,800
    Shea Mortgage Inc. 5 4.73% $8,949
    North American Savings Bank, F.S.B. 5 5.60% $9,473
    Waterstone Mortgage Corporation 5 6.20% $12,304
    Austin Capital Bank SSB 5 5.00% $11,712
    The Home Loan Expert LLC 5 5.13% $9,992
    MOUNTAIN WEST FINANCIAL, INC. 5 4.28% $8,938
    First Option Mortgage, LLC 4 4.59% $13,971
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 4 4.72% $10,217
    PREMIA MORTGAGE, LLC 4 5.19% $10,658
    PNC Bank 4 4.97% $7,464
    Paramount Bank 4 4.72% $10,666
    MEMBER FIRST MORTGAGE, LLC 4 4.97% $7,759
    AmeriHome Mortgage Company, LLC 4 3.75% $8,980
    PENTAGON FEDERAL CREDIT UNION 4 4.81% $10,551
    Peoples Bank 4 4.53% $15,433
    THE MORTGAGE FIRM, INC. 4 4.28% $11,250
    LIBERTY HOME MORTGAGE CORPORATION 4 5.16% $12,861
    SOUTHWEST STAGE FUNDING, LLC 4 4.69% $9,572
    HAMILTON HOME LOANS, INC. 4 5.19% $12,893
    Florida Capital Bank 4 4.50% $9,588
    Zions Bancorporation, N.A. 3 4.54% $9,557
    Ameris Bank 3 4.58% $13,772
    GMFS LLC 3 4.00% $7,520
    GSF Mortgage Corporation 3 4.54% $10,966
    JET HOMELOANS, LLC 3 6.75% $10,409
    Origin Bank 3 5.50% $10,979
    PACIFIC RESIDENTIAL MORTGAGE, LLC 3 5.75% $14,347
    PILGRIM MORTGAGE LLC 3 5.25% $10,988
    Princeton Mortgage Corporation 3 4.42% $14,845
    SOUTHPOINT FINANCIAL SERVICES, INC. 3 4.88% $9,598
    WILLOW BEND MORTGAGE COMPANY, LLC 3 4.71% $13,056
    DEVELOPER'S MORTGAGE COMPANY 2 5.75% $11,050
    DELMAR FINANCIAL COMPANY 2 4.56% $7,183
    First Financial Bank 2 5.69% $9,023
    DATA MORTGAGE, INC. 2 4.69% $19,601
    FIRST CONTINENTAL MORTGAGE, LTD. 2 4.94% $16,718
    Semper Home Loans, Inc. 2 5.44% $11,502
    FIRST CENTENNIAL MORTGAGE CORPORATION 2 4.69% $10,669
    Servion, Inc. 2 5.31% $9,795
    ANGEL OAK HOME LOANS LLC 2 5.94% $12,587
    First Bank 2 5.94% $11,310
    ASSOCIATED MORTGAGE CORPORATION 2 5.06% $10,760
    TruHome Solutions, LLC 2 4.69% $17,201
    J. VIRGIL, INC. 2 4.81% $13,882
    HOMEWAY MORTGAGE LLC 2 4.43% $9,940
    JMJ FINANCIAL GROUP 2 4.06% $10,976
    PLUS RELOCATION MORTGAGE, LLC 2 4.43% $17,639
    RANLIFE, INC. 2 3.81% $11,801
    NexBank 2 4.25% $13,469
    Neighborhood Loans, Inc. 2 4.13% $8,945
    CASTLE & COOKE MORTGAGE, LLC 2 4.69% $13,469
    Strong Home Mortgage, LLC 2 5.13% $7,389
    BNC National Bank 2 5.25% $11,442
    Blue Ridge Bank 2 3.31% $9,348
    LOANPEOPLE, LLC 2 4.69% $14,775
    Bell Bank 2 5.44% $11,393
    First Mortgage Solutions, LLC 2 3.13% $11,808
    First Internet Bank of Indiana 2 4.56% $9,839
    Barrington Bank & Trust Company, N.A. 2 5.56% $8,682
    INTERCOASTAL MORTGAGE COMPANY 2 6.94% $11,358
    Prime Choice Funding Inc. 2 3.63% $14,212
    Assurance Financial Group, L.L.C. 2 5.38% $16,290
    ROUNDPOINT MORTGAGE SERVICING CORPORATION 2 4.56% $9,767
    MORTGAGE ACCESS CORP. 2 4.25% $15,467
    1ST PREFERENCE MORTGAGE CORP. 2 5.13% $8,117
    MLB RESIDENTIAL LENDING, LLC 2 5.25% $11,485
    East Coast Capital Corp. 2 4.69% $14,740
    ASCENT HOME LENDING, LLC 2 4.75% $16,566
    RESIDENTIAL HOME FUNDING CORP. 1 3.25% $22,999
    Residential Mortgage Solutions, Inc. 1 3.75% $9,694
    ROYAL UNITED MORTGAGE LLC 1 5.75% $15,228
    RUOFF MORTGAGE COMPANY, INC. 1 6.00% $15,404
    FirstBank 1 3.63% $11,987
    Sierra Pacific Mortgage Company, Inc. 1 5.50% $9,743
    SIRVA MORTGAGE, INC. 1 6.75% $6,498
    First Bank 1 5.25% $10,593
    AmRes Corporation 1 5.13% $10,523
    FIRST ALLIANCE HOME MORTGAGE, LLC 1 3.50% $8,567
    FAY SERVICING, LLC 1 4.75% $9,435
    STEARNS LENDING, LLC 1 2.25% $8,165
    STOCKTON MORTGAGE CORPORATION 1 3.75% $8,435
    Farmers & Stockmens Bank 1 3.75% $5,668
    Farmers Bank & Trust Company 1 4.75% $12,670
    American Mortgage Bank, LLC 1 5.38% $11,159
    Evolve Bank & Trust 1 5.88% $18,052
    AMERICAN NATIONWIDE MORTGAGE COMPANY, INC. 1 5.75% $14,398
    EMBRACE HOME LOANS, INC. 1 5.25% $19,011
    Texana Bank 1 4.25% $10,674
    The Central Trust Bank 1 5.50% $12,059
    The Huntington National Bank 1 5.13% $14,960
    THE MORTGAGE LINK, INC. 1 5.13% $11,368
    The Union Bank Company 1 4.75% $10,196
    Cross Keys Bank 1 3.88% $11,971
    Cornerstone First Mortgage, Inc 1 5.00% $14,911
    CONTOUR MORTGAGE CORPORATION 1 6.13% $12,465
    Constant Investments, Inc. 1 5.63% $10,414
    Colten Mortgage, LLC 1 3.63% $3,074
    Truist 1 5.20% $9,959
    CityWorth Mortgage LLC 1 3.63% $10,202
    Citibank 1 3.25% $5,042
    UNITED MORTGAGE CORP. 1 5.75% $20,163
    UNITED NORTHERN MORTGAGE BANKERS LIMITED 1 3.38% $8,807
    UNITED SECURITY FINANCIAL CORP 1 5.13% $12,245
    ABSOLUTE HOME MORTGAGE CORPORATION 1 6.75% $22,611
    Capital Bank 1 5.50% $9,341
    BEST CAPITAL FUNDING 1 4.25% $6,564
    BAYSHORE MORTGAGE FUNDING, LLC 1 3.25% $5,590
    V.I.P. MORTGAGE, INC. 1 4.75% $17,401
    Watermark Capital, Inc. 1 2.25% $8,903
    AXIA FINANCIAL, LLC 1 4.63% $13,070
    M&T Bank 1 5.63% $9,102
    ML Mortgage Corp. 1 6.50% $16,197
    MEADOWBROOK FINANCIAL MORTGAGE BANKERS CORP. 1 6.25% $18,678
    NBH Bank 1 6.50% $5,991
    MDE Home Loans, LLC 1 3.50% $12,316
    Marquette Bank 1 5.25% $4,021
    NETWORK CAPITAL FUNDING CORPORATION 1 2.50% $11,244
    LRS FINANCIAL NETWORK, INC. 1 3.75% $12,600
    NEXERA HOLDING LLC 1 3.63% $12,236
    LOANLEADERS OF AMERICA, INC. 1 3.63% $12,013
    LOANFLIGHT LENDING, LLC 1 6.63% $11,078
    ALAMEDA MORTGAGE CORPORATION 1 5.50% $15,366
    NORWICH COMMERCIAL GROUP, INC. 1 5.25% $15,814
    NOVA FINANCIAL & INVESTMENT CORPORATION 1 5.75% $3,886
    NTFN, INC. 1 3.13% $7,434
    OCEANSIDE MORTGAGE COMPANY 1 4.50% $11,255
    LENOX FINANCIAL MORTGAGE CORPORATION 1 3.25% $19,063
    ON Q FINANCIAL, INC. 1 4.25% $8,440
    American Bank of Oklahoma 1 5.75% $8,674
    WESTSTAR MORTGAGE CORPORATION 1 5.50% $9,117
    OVM FINANCIAL, INC. 1 4.88% $10,224
    Pacific Lending LLC 1 5.75% $16,894
    Inwood National Bank 1 5.88% $10,645
    INVESTEX CREDIT UNION 1 5.50% $5,753
    AMERICAN FEDERAL MORTGAGE CORPORATION 1 5.63% $9,479
    PHH Mortgage Corporation 1 4.63% $10,045
    HOMEXPRESS MORTGAGE CORP. 1 7.13% $27,529
    Affiliated Bank 1 4.00% $11,405
    HOMESTAR FINANCIAL CORPORATION 1 5.75% $17,664
    HOME FINANCING UNLIMITED, INC. 1 4.38% $7,144
    PREMIER LENDING, INC. 1 5.63% $9,412
    Hancock Whitney Bank 1 4.13% $7,650
    Guaranty Bank & Trust, N.A. 1 3.50% $6,108
    PROPER RATE, LLC 1 4.13% $10,800
    Prosperity Bank 1 5.13% $9,102
    GEO-CORP, INC. 1 5.38% $15,115
    FLAT BRANCH MORTGAGE, INC. 1 4.50% $12,992
    Access Bank 1 6.25% $7,131
    RED DIAMOND HOME LOANS, LLC 1 4.75% $9,453
    First Western Trust Bank 1 6.63% $13,666
    Renasant Bank 1 3.50% $9,427

    The top Houston FHA lender as defined by loan originations is DHI MORTGAGE COMPANY, LTD., with 1,446 FHA loans originated. Their average total fees are $10,079, which is $1,180 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee Houston FHA lenders (with over 10 loans originated) are VILLAGE CAPITAL MORTGAGE ($3,339), CHERRY CREEK MORTGAGE, LLC ($4,624), Bank of America ($4,630), Lakeview Community Capital, LLC ($5,310) and LAKEVIEW LOAN SERVICING, LLC ($5,467).

    The lowest rate Houston FHA lenders (with over 10 loans originated) are VILLAGE CAPITAL MORTGAGE (3.18%), Lakeview Community Capital, LLC (3.37%), LAKEVIEW LOAN SERVICING, LLC (3.39%), Mr. Cooper ( Nationstar Mortgage ) (3.61%) and First Guaranty Mortgage Corporation (3.63%).

    Houston FHA Loan Limits

    Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX AUSTIN 2022 $420,680 $538,650 $651,050 $809,150
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX BRAZORIA 2022 $420,680 $538,650 $651,050 $809,150
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX CHAMBERS 2022 $420,680 $538,650 $651,050 $809,150
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX FORT BEND 2022 $420,680 $538,650 $651,050 $809,150
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX GALVESTON 2022 $420,680 $538,650 $651,050 $809,150
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX HARRIS 2022 $420,680 $538,650 $651,050 $809,150
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX LIBERTY 2022 $420,680 $538,650 $651,050 $809,150
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX MONTGOMERY 2022 $420,680 $538,650 $651,050 $809,150
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX WALLER 2022 $420,680 $538,650 $651,050 $809,150
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX AUSTIN 2023 $472,030 $604,400 $730,525 $907,900
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX BRAZORIA 2023 $472,030 $604,400 $730,525 $907,900
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX CHAMBERS 2023 $472,030 $604,400 $730,525 $907,900
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX FORT BEND 2023 $472,030 $604,400 $730,525 $907,900
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX GALVESTON 2023 $472,030 $604,400 $730,525 $907,900
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX HARRIS 2023 $472,030 $604,400 $730,525 $907,900
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX LIBERTY 2023 $472,030 $604,400 $730,525 $907,900
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX MONTGOMERY 2023 $472,030 $604,400 $730,525 $907,900
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX WALLER 2023 $472,030 $604,400 $730,525 $907,900

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Houston (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 $318,500 (2.8%) $435,101 (2.9%) 1.18 22,151
    2018-02-01 $321,500 (3.2%) $442,053 (3.6%) 1.17 22,076
    2018-03-01 $325,000 (2.6%) $449,739 (3.5%) 1.14 22,887
    2018-04-01 $329,000 (2.8%) $456,442 (3.9%) 1.12 24,826
    2018-05-01 $329,950 (3.1%) $458,813 (4.5%) 1.10 26,243
    2018-06-01 $329,000 (2.8%) $455,935 (4.8%) 1.10 27,668
    2018-07-01 $322,450 (2.4%) $447,515 (4.7%) 1.08 29,011
    2018-08-01 $319,179 (4.0%) $440,004 (4.7%) 1.07 29,414
    2018-09-01 $315,000 (2.3%) $437,992 (3.3%) 1.06 28,944
    2018-10-01 $312,635 (0.5%) $436,691 (1.6%) 1.06 28,677
    2018-11-01 $310,000 (-1.6%) $436,923 (0.6%) 1.05 28,131
    2018-12-01 $308,500 (-2.1%) $432,833 (0.2%) 1.06 27,035
    2019-01-01 $307,553 (-3.4%) $431,463 (-0.8%) 1.06 25,957
    2019-02-01 $310,000 (-3.6%) $437,512 (-1.0%) 1.05 26,232
    2019-03-01 $319,000 (-1.9%) $449,995 (0.1%) 1.06 26,665
    2019-04-01 $322,750 (-1.9%) $456,576 (0.0%) 1.02 27,866
    2019-05-01 $324,900 (-1.5%) $457,913 (-0.2%) 1.02 28,941
    2019-06-01 $322,900 (-1.9%) $454,214 (-0.4%) 1.01 30,294
    2019-07-01 $317,498 (-1.5%) $446,881 (-0.1%) 0.99 31,134
    2019-08-01 $319,000 (-0.1%) $451,197 (2.5%) 1.00 30,727
    2019-09-01 $318,250 (1.0%) $453,129 (3.5%) 1.00 27,511
    2019-10-01 $309,450 (-1.0%) $441,481 (1.1%) 1.00 29,044
    2019-11-01 $304,900 (-1.7%) $440,436 (0.8%) 1.00 28,189
    2019-12-01 $299,993 (-2.8%) $438,357 (1.3%) 1.00 26,378
    2020-01-01 $299,900 (-2.5%) $439,589 (1.9%) 1.00 25,042
    2020-02-01 $302,993 (-2.3%) $444,785 (1.7%) 0.99 25,095
    2020-03-01 $311,547 (-2.3%) $453,253 (0.7%) 0.98 25,888
    2020-04-01 $310,496 (-3.8%) $449,070 (-1.6%) 0.97 26,429
    2020-05-01 $319,000 (-1.8%) $460,142 (0.5%) 0.97 25,768
    2020-06-01 $325,000 (0.7%) $477,817 (5.2%) 0.96 23,772
    2020-07-01 $326,500 (2.8%) $484,728 (8.5%) 0.95 22,699
    2020-08-01 $329,000 (3.1%) $492,141 (9.1%) 0.94 21,824
    2020-09-01 $331,677 (4.2%) $495,643 (9.4%) 0.95 20,379
    2020-10-01 $332,500 (7.5%) $494,415 (12.0%) 0.95 19,732
    2020-11-01 $332,500 (9.1%) $494,311 (12.2%) 0.97 18,974
    2020-12-01 $329,320 (9.8%) $492,213 (12.3%) 0.98 17,584
    2021-01-01 $329,900 (10.0%) $497,863 (13.3%) 0.98 15,962
    2021-02-01 $332,500 (9.7%) $507,744 (14.2%) 0.97 14,096
    2021-03-01 $340,846 (9.4%) $521,258 (15.0%) 0.97 12,848
    2021-04-01 $349,450 (12.6%) $538,642 (20.0%) 0.95 12,167
    2021-05-01 $359,000 (12.5%) $552,829 (20.1%) 0.95 12,061
    2021-06-01 $365,000 (12.3%) $554,443 (16.0%) 0.96 13,417
    2021-07-01 $365,000 (11.8%) $544,031 (12.2%) 0.96 14,993
    2021-08-01 $361,743 (10.0%) $526,256 (6.9%) 0.96 16,345
    2021-09-01 $361,713 (9.1%) $520,899 (5.1%) 0.96 16,232
    2021-10-01 $359,990 (8.3%) $518,401 (4.9%) 0.96 15,644
    2021-11-01 $359,975 (8.3%) $524,674 (6.1%) 0.96 14,683
    2021-12-01 $359,950 (9.3%) $522,051 (6.1%) 0.98 13,422
    2022-01-01 $357,133 (8.3%) $519,244 (4.3%) 0.97 12,067
    2022-02-01 $361,574 (8.7%) $530,657 (4.5%) 0.94 11,034
    2022-03-01 $373,000 (9.4%) $543,222 (4.2%) 0.93 10,664
    2022-04-01 $389,900 (11.6%) $558,544 (3.7%) 0.93 10,993
    2022-05-01 $398,420 (11.0%) $571,416 (3.4%) 0.91 12,632
    2022-06-01 $399,000 (9.3%) $561,373 (1.3%) 0.89 14,881
    2022-07-01 $389,999 (6.9%) $538,911 (-0.9%) 0.88 18,405
    2022-08-01 $382,495 (5.7%) $524,060 (-0.4%) 0.88 20,119
    2022-09-01 $375,703 (3.9%) $514,003 (-1.3%) 0.88 20,436
    2022-10-01 $369,000 (2.5%) $508,190 (-2.0%) 0.87 20,807
    2022-11-01 $363,044 (0.9%) $506,334 (-3.5%) 0.87 21,190
    2022-12-01 $359,900 (0.0%) $499,940 (-4.2%) 0.89 20,044
    2023-01-01 $354,995 (-0.6%) $496,010 (-4.5%) 0.88 18,580
    2023-02-01 $358,250 (-0.9%) $501,724 (-5.5%) 0.86 17,766
    2023-03-01 $360,831 (-3.3%) $508,103 (-6.5%) 0.85 17,407
    2023-04-01 $372,000 (-4.6%) $525,269 (-6.0%) 0.87 17,137
    Houston's median listing price for 2023-04-01 was $372,000, a difference of $-17,900 (-4.6%) versus the prior year and $11,169 versus the prior month.

    Houston's median listing price comes in at 87% of the national average.

    Houston's average listing price for 2023-04-01 was $525,269, a difference of $-33,275 (-6.0%) versus the prior year and $17,166 versus the prior month.

    For the 2023-04-01 period, Houston had 17,137 MLS listings, a difference of -270 listings (-2%) versus the prior month and 6,144 listings (56%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Houston (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 74 days 2,531 sqft
    2018-02-01 65 days 2,531 sqft
    2018-03-01 49 days 2,558 sqft
    2018-04-01 44 days 2,569 sqft
    2018-05-01 43 days 2,582 sqft
    2018-06-01 45 days 2,584 sqft
    2018-07-01 51 days 2,561 sqft
    2018-08-01 54 days 2,539 sqft
    2018-09-01 59 days 2,513 sqft
    2018-10-01 64 days 2,496 sqft
    2018-11-01 64 days 2,485 sqft
    2018-12-01 69 days 2,469 sqft
    2019-01-01 74 days 2,449 sqft
    2019-02-01 65 days 2,451 sqft
    2019-03-01 54 days 2,480 sqft
    2019-04-01 51 days 2,497 sqft
    2019-05-01 51 days 2,508 sqft
    2019-06-01 52 days 2,512 sqft
    2019-07-01 53 days 2,495 sqft
    2019-08-01 63 days 2,494 sqft
    2019-09-01 66 days 2,479 sqft
    2019-10-01 63 days 2,432 sqft
    2019-11-01 64 days 2,410 sqft
    2019-12-01 70 days 2,390 sqft
    2020-01-01 76 days 2,376 sqft
    2020-02-01 64 days 2,380 sqft
    2020-03-01 54 days 2,392 sqft
    2020-04-01 59 days 2,384 sqft
    2020-05-01 65 days 2,408 sqft
    2020-06-01 61 days 2,423 sqft
    2020-07-01 53 days 2,424 sqft
    2020-08-01 52 days 2,408 sqft
    2020-09-01 60 days 2,388 sqft
    2020-10-01 60 days 2,348 sqft
    2020-11-01 60 days 2,320 sqft
    2020-12-01 61 days 2,283 sqft
    2021-01-01 60 days 2,252 sqft
    2021-02-01 53 days 2,218 sqft
    2021-03-01 58 days 2,223 sqft
    2021-04-01 49 days 2,230 sqft
    2021-05-01 45 days 2,241 sqft
    2021-06-01 42 days 2,254 sqft
    2021-07-01 41 days 2,258 sqft
    2021-08-01 42 days 2,242 sqft
    2021-09-01 47 days 2,227 sqft
    2021-10-01 53 days 2,210 sqft
    2021-11-01 55 days 2,191 sqft
    2021-12-01 54 days 2,160 sqft
    2022-01-01 62 days 2,128 sqft
    2022-02-01 41 days 2,108 sqft
    2022-03-01 38 days 2,128 sqft
    2022-04-01 36 days 2,147 sqft
    2022-05-01 33 days 2,178 sqft
    2022-06-01 32 days 2,199 sqft
    2022-07-01 34 days 2,196 sqft
    2022-08-01 38 days 2,181 sqft
    2022-09-01 46 days 2,157 sqft
    2022-10-01 49 days 2,141 sqft
    2022-11-01 52 days 2,131 sqft
    2022-12-01 60 days 2,114 sqft
    2023-01-01 64 days 2,087 sqft
    2023-02-01 55 days 2,080 sqft
    2023-03-01 49 days 2,082 sqft
    2023-04-01 44 days 2,093 sqft
    Houston's median listing age (time on market) for 2023-04-01 was 44 days. This is 22% longer than the same period one year ago.

    Houston's median square footage for active listings during the 2023-04-01 period was 2,093 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).