Houston FHA Loan Rates, Closing Costs & Stats

HOUSTON-THE WOODLANDS-SUGAR LAND, 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.

Houston's 303 lenders originated 21,842 FHA loans during 2023. The total origination value was $6,320,030,000, with an average FHA loan value of $289,352.

Houston FHA Loans, 30 Year Fixed Rates

30 Year FHA mortgages in Houston averaged 6.29% for the week of 2024-04-12, compared to the national average (all FHA variants) of 6.739% for the same period.

Houston's average FHA mortgage closing costs are $9,089.

The average rate for the prior week (2024-04-05) was 6.32% and one month ago for the week of 2024-03-08, the average rate was 6.26%.

The average rate one year ago was 5.99%.

For refis of the same type during the week of 2024-04-12, the average rate was 6.98%.

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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
DHI MORTGAGE COMPANY, LTD. 1,918 5.40% $9,724
EAGLE HOME MORTGAGE, LLC 1,682 4.63% $9,865
UNITED WHOLESALE MORTGAGE, LLC 1,512 6.32% $13,699
LOANDEPOT.COM, LLC 804 6.34% $12,140
QUICKEN LOANS, LLC 783 6.21% $13,759
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 752 6.43% $10,865
ARK-LA-TEX FINANCIAL SERVICES, LLC. 705 5.99% $13,306
CORNERSTONE HOME LENDING, INC. 478 6.31% $13,652
INTERLINC MORTGAGE SERVICES, LLC 477 6.73% $9,872
CARDINAL FINANCIAL 455 6.37% $13,626
NATIONS RELIABLE LENDING, LLC 429 6.78% $13,983
CMG MORTGAGE, INC. 397 6.49% $14,810
AMCAP MORTGAGE, LTD. 389 6.67% $15,096
SECURITYNATIONAL MORTGAGE COMPANY 382 6.86% $12,946
EVERETT FINANCIAL, INC. 358 6.99% $12,367
PULTE MORTGAGE LLC 356 5.42% $6,784
T2 FINANCIAL LLC 321 6.79% $12,691
CROSSCOUNTRY MORTGAGE, LLC 317 6.66% $14,092
KBHS HOME LOANS, LLC 299 6.04% $11,613
GUILD MORTGAGE COMPANY 269 6.71% $14,066
PRIMELENDING, A PLAINSCAPITAL COMPANY 258 6.73% $15,179
PLAZA HOME MORTGAGE, INC. 250 6.18% $13,017
INSPIRE HOME LOANS INC. 233 5.45% $10,070
Network Funding, L.P. 232 6.63% $13,800
VELOCIO MORTGAGE L.L.C. 216 5.52% $13,740
K. HOVNANIAN AMERICAN MORTGAGE, L.L.C. 185 6.36% $13,523
Flagstar Bank, FSB 184 6.44% $12,472
CLM MORTGAGE, INC 184 6.35% $13,713
M/I FINANCIAL, LLC 170 5.77% $15,897
FREEDOM MORTGAGE CORPORATION 153 6.47% $15,164
Century Mortgage Company DBA Century Lending Company 145 6.32% $13,920
Paramount Residential Mortgage Group, Inc. 138 6.58% $13,786
ADVISA MORTGAGE SERVICES, LTD. 131 6.14% $10,455
Gateway First Bank 120 6.82% $12,313
MOVEMENT MORTGAGE, LLC 111 6.72% $13,050
Nations Lending Corporation 111 6.50% $9,985
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 110 6.88% $13,206
GUARANTEED RATE, INC. 107 6.34% $13,318
BancorpSouth 103 6.26% $11,011
MID AMERICA MORTGAGE, INC. 101 6.77% $15,041
NEWREZ LLC 99 6.47% $12,859
BROKER SOLUTIONS, INC. 99 6.60% $13,703
LEGEND LENDING CORPORATION 93 6.66% $16,077
PENNYMAC LOAN SERVICES, LLC 93 6.23% $13,854
South Pacific Financial Corporation 90 5.34% $12,263
SUN WEST MORTGAGE COMPANY, INC. 87 6.75% $12,653
JPMorgan Chase Bank 85 6.17% $7,102
AMERICAN FINANCIAL NETWORK, INC. 85 7.09% $13,516
MORTGAGE FINANCIAL SERVICES, LLC 84 6.90% $12,865
ENVOY MORTGAGE, LTD 84 6.79% $13,998
OCMBC, INC. 84 7.03% $14,527
Equity Prime Mortgage LLC 82 6.84% $14,189
THRIVE MORTGAGE, LLC 74 6.42% $13,484
Plains Commerce Bank 72 6.38% $13,141
AMERICAN PACIFIC MORTGAGE CORPORATION 72 6.54% $13,405
TOWNE MORTGAGE COMPANY 68 6.41% $14,532
SWBC MORTGAGE CORPORATION 67 6.71% $9,746
UNION HOME MORTGAGE CORP. 66 6.66% $11,843
CALCON MUTUAL MORTGAGE LLC 64 6.78% $16,501
EUSTIS AND AMERICAN MORTGAGE COMPANY 60 6.39% $13,193
Carrington Mortgage Services, LLC 60 6.45% $15,413
CRESTMARK MORTGAGE COMPANY, LTD. 58 6.44% $17,400
DRAPER AND KRAMER MORTGAGE CORP. 51 7.02% $14,197
HOMETRUST MORTGAGE COMPANY 50 6.67% $12,147
S1L, Inc. 45 6.64% $12,721
LAND HOME FINANCIAL SERVICES, INC. 43 7.17% $15,402
GEO-CORP, INC. 42 7.48% $17,625
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 41 6.92% $12,204
JET HOMELOANS, LLC 39 5.91% $13,603
SUCCESS MORTGAGE PARTNERS, INC. 37 6.80% $13,501
Town Square Mortgage & Investments, Inc. 36 6.78% $10,492
GENEVA FINANCIAL, LLC 36 6.74% $15,192
GUARANTEED RATE AFFINITY, LLC 35 6.31% $12,481
FBC MORTGAGE, LLC 35 6.01% $10,823
Loan Simple, Inc. 35 6.82% $14,446
BECKAM FUNDING CORP. 34 7.08% $20,595
Ixonia Bank 34 7.10% $13,595
AHL FUNDING 32 6.75% $19,625
Independent Bank 32 6.54% $11,954
BAY EQUITY LLC 32 6.48% $12,432
BOKF 30 6.35% $13,846
FIRST CONTINENTAL MORTGAGE, LTD. 30 5.80% $8,396
AMERISAVE MORTGAGE CORPORATION 28 6.00% $17,639
LEADERONE FINANCIAL CORPORATION 28 6.48% $12,665
CHERRY CREEK MORTGAGE, LLC 27 6.26% $4,301
GARDNER FINANCIAL SERVICES, LTD. 26 7.02% $12,671
HOMEBRIDGE FINANCIAL SERVICES, INC. 26 6.44% $13,552
First United Bank and Trust Company 25 6.80% $13,462
CORNERSTONE MORTGAGE PARTNERS OF TEXAS, L.P. 25 6.55% $16,187
CITY FIRST MORTGAGE SERVICES, L.L.C. 24 7.12% $13,947
NATIONS DIRECT MORTGAGE, LLC 24 6.39% $13,954
ZILLOW HOME LOANS, LLC 23 6.55% $12,230
Citizens Bank 23 6.39% $12,224
PRIMARY RESIDENTIAL MORTGAGE, INC. 22 6.95% $12,079
Sunflower Bank 22 6.54% $12,407
U.S. Bank 21 6.43% $9,502
MORTGAGE SOLUTIONS OF COLORADO, LLC 20 6.83% $14,089
NBKC BANK 20 5.81% $11,711
Bank of America 19 6.12% $8,649
Trustmark National Bank 19 6.34% $11,000
Mortgage Research Center, LLC 19 6.54% $10,381
VAN DYK MORTGAGE CORPORATION 19 6.49% $8,077
HOMESIDE FINANCIAL, LLC 19 6.45% $13,021
PANORAMA MORTGAGE GROUP, LLC 18 6.47% $12,911
DIRECT MORTGAGE LOANS, LLC 18 6.96% $13,679
FC LENDING, LTD. 18 6.77% $8,886
NFM, INC. 18 6.84% $12,593
MUTUAL OF OMAHA MORTGAGE, INC. 18 6.28% $12,234
V.I.P. MORTGAGE, INC. 18 6.58% $11,429
Hancock Whitney Bank 18 6.34% $11,375
ML Mortgage Corp. 17 7.29% $16,440
SENTE MORTGAGE, INC. 17 6.78% $15,880
The Loan Store, Inc. 16 6.80% $16,737
Prosperity Bank 16 6.34% $9,998
PLANET HOME LENDING, LLC 16 6.66% $12,463
TEXAS DOW EMPLOYEES CREDIT UNION 16 6.63% $11,418
AMERICAN FINANCIAL RESOURCES, INC. 15 6.60% $13,415
Encompass Lending Group, LP 15 7.00% $13,346
Regions Bank 14 6.09% $12,917
DAS Acquisition Company, LLC 14 6.73% $15,765
ACADEMY MORTGAGE CORPORATION 14 6.38% $14,345
SFMC, LP 13 6.60% $15,795
UNIVERSITY Federal Credit Union 13 6.15% $10,484
CHURCHILL MORTGAGE CORPORATION 13 6.59% $13,242
OPEN MORTGAGE, LLC 12 6.47% $10,778
Northpointe Bank 12 6.37% $15,040
Ameris Bank 12 6.45% $15,405
Wells Fargo Bank 12 6.29% $7,988
Prosperity Home Mortgage, LLC 11 6.39% $13,671
Bank of England 11 6.45% $13,912
TJC Mortgage, Inc. 10 6.26% $12,751
Republic State Mortgage Co. 10 6.78% $12,517
VILLAGE CAPITAL MORTGAGE 10 6.35% $8,977
RESIDENTIAL BANCORP 10 7.11% $14,485
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 10 6.41% $16,461
Integrity Home Mortgage Corp 10 7.80% $11,708
MANN FINANCIAL INC. 10 6.94% $11,044
First National Bank Texas 9 6.72% $11,083
First Horizon Bank 9 6.42% $11,477
American Mortgage & Equity Consultants, Inc. 9 6.88% $12,610
CANOPY MORTGAGE, LLC 9 6.50% $15,010
MLB RESIDENTIAL LENDING, LLC 9 6.42% $16,194
PREMIA MORTGAGE, LLC 8 6.20% $8,702
PREMIER MORTGAGE RESOURCES, L.L.C. 8 6.97% $14,341
Mr. Cooper ( Nationstar Mortgage ) 8 6.83% $14,388
Wolfe Financial, Inc 8 7.31% $13,312
Neighborhood Loans, Inc. 8 6.73% $12,335
Waterstone Mortgage Corporation 8 6.86% $16,340
CALIBER HOME LOANS, INC. 7 6.25% $12,910
PENTAGON FEDERAL CREDIT UNION 7 5.84% $13,561
AmeriHome Mortgage Company, LLC 7 6.30% $15,411
Hometown Equity Mortgage, LLC 7 6.04% $13,854
MICHIGAN MUTUAL, INC. 7 6.16% $16,605
First Financial Bank 7 6.70% $12,020
MY MORTGAGE, INC. 6 7.15% $16,700
ARC HOME LLC 6 6.00% $21,104
AXIA FINANCIAL, LLC 6 6.33% $15,651
CITYWIDE HOME LOANS, LLC 6 7.10% $14,340
DIRECTIONS EQUITY, LLC 6 6.60% $9,978
LAKEVIEW LOAN SERVICING, LLC 6 5.73% $15,373
LOANPEOPLE, LLC 6 6.60% $11,697
MEMBER FIRST MORTGAGE, LLC 6 6.63% $11,697
NTFN, INC. 6 6.48% $12,624
Origin Bank 6 6.42% $9,809
PILGRIM MORTGAGE LLC 6 6.31% $15,970
PINNACLE LENDING GROUP, INC. 6 6.77% $10,844
Colonial Savings, F.A. 5 6.83% $11,931
Shea Mortgage Inc. 5 5.90% $8,694
Cornerstone First Mortgage, Inc 5 6.77% $13,197
TruHome Solutions, LLC 5 6.65% $11,667
NEW FED MORTGAGE, CORP. 5 6.53% $13,145
Florida Capital Bank 5 6.68% $13,659
FIRST COMMUNITY MORTGAGE, INC. 5 6.45% $16,205
THE MORTGAGE LINK, INC. 5 6.68% $14,393
Wallick & Volk, Inc. 5 6.53% $8,738
Keystone Funding, Inc. 5 6.07% $12,614
Sierra Pacific Mortgage Company, Inc. 5 6.68% $12,091
The Federal Savings Bank 5 6.40% $12,579
Stride Bank 4 6.41% $10,894
PNC Bank 4 5.72% $10,390
A&D Mortgage LLC 4 6.66% $20,435
Zions Bank 4 6.16% $9,600
EMBRACE HOME LOANS, INC. 4 5.72% $14,792
Victorian Finance, LLC 4 6.63% $12,915
ASPIRE FINANCIAL, INC. 4 6.06% $11,376
HOME FINANCING UNLIMITED, INC. 4 6.63% $11,618
MORIA DEVELOPMENT, INC. 4 6.69% $9,298
GSF Mortgage Corporation 4 6.16% $12,342
JMAC LENDING, INC. 4 7.00% $11,075
THE MORTGAGE FIRM, INC. 4 6.88% $10,181
TBI MORTGAGE COMPANY 4 6.56% $21,613
NATIONWIDE MORTGAGE BANKERS, INC. 4 7.00% $13,333
BETTER MORTGAGE CORPORATION 4 5.63% $20,247
BM Real Estate Services, Inc. 4 7.25% $17,137
NexBank 4 6.19% $13,354
Capital Bank 4 5.84% $11,413
Commerce Home Mortgage, Inc. 4 6.97% $14,938
Assurance Financial Group, L.L.C. 3 6.79% $12,821
WILLOW BEND MORTGAGE COMPANY, LLC 3 7.04% $13,477
Watermark Capital, Inc. 3 6.04% $11,883
HOMESPIRE MORTGAGE CORPORATION 3 6.88% $14,154
GIBRALTAR MORTGAGE SERVICES, LLC 3 6.50% $8,250
First Option Mortgage, LLC 3 6.50% $12,538
ALLIED MORTGAGE GROUP, INC. 3 5.63% $13,574
MOUNTAIN WEST FINANCIAL, INC. 3 6.88% $10,940
HOMEWAY MORTGAGE LLC 3 6.71% $11,334
RANLIFE, INC. 3 6.37% $10,210
Barrington Bank & Trust Company, N.A. 3 6.58% $11,258
SOUTHPOINT FINANCIAL SERVICES, INC. 2 6.69% $10,243
INTERCOASTAL MORTGAGE COMPANY 2 6.75% $12,004
Mid-Continent Funding, Inc. 2 5.25% $22,505
M&T Bank 2 6.75% $8,202
GMFS LLC 2 6.69% $11,753
First Federal Bank 2 6.69% $10,034
Acre Mortgage and Financial Inc 2 6.56% $17,212
East Coast Capital Corp. 2 7.00% $19,428
DG PINNACLE FUNDING LLC 2 6.81% $12,779
DEVELOPER'S MORTGAGE COMPANY 2 5.69% $7,406
DELMAR FINANCIAL COMPANY 2 6.81% $9,720
CONTOUR MORTGAGE CORPORATION 2 6.88% $13,870
RUOFF MORTGAGE COMPANY, INC. 2 7.00% $12,011
City Bank 2 6.13% $17,629
SIRVA MORTGAGE, INC. 2 5.94% $8,336
Strong Home Mortgage, LLC 2 6.25% $10,026
SUMMIT FUNDING, INC. 2 6.00% $13,778
The Central Trust Bank 2 6.25% $10,599
BANC ONE MORTGAGE CORPORATION 2 6.74% $5,831
ATLANTIC BAY MORTGAGE GROUP, L.L.C. 2 7.00% $10,638
UNITED SECURITY FINANCIAL CORP 2 7.81% $16,212
Armed Forces Bank 2 5.63% $15,079
US MORTGAGE CORPORATION 2 7.19% $13,568
American Bank of Oklahoma 2 6.56% $8,984
LHM FINANCIAL CORPORATION 2 6.00% $13,624
LIBERTY HOME MORTGAGE CORPORATION 2 7.44% $7,148
RB MORTGAGE LLC 1 6.50% $13,662
NOVA FINANCIAL & INVESTMENT CORPORATION 1 6.25% $17,030
RELIANCE FIRST CAPITAL, LLC 1 6.25% $16,704
Renasant Bank 1 6.25% $9,676
CLIFFCO, INC. 1 6.25% $21,531
CityWorth Mortgage LLC 1 5.75% $24,384
ROYAL UNITED MORTGAGE LLC 1 6.25% $7,922
AMERICAN FINANCING CORPORATION 1 6.88% $15,057
Vellum Mortgage, Inc. 1 6.38% $11,608
Chambers Bank 1 5.75% $11,954
Cf Bank 1 7.13% $8,228
Servion, Inc. 1 6.50% $10,231
CAPITAL CONCEPTS, INC. 1 6.75% $19,242
NORWICH COMMERCIAL GROUP, INC. 1 7.25% $10,117
NJ LENDERS CORP. 1 6.00% $10,227
Magnolia Bank 1 7.13% $9,127
First Savings Bank 1 6.75% $21,786
LOANPAL, LLC 1 6.88% $14,584
Southwest Bank 1 5.75% $9,608
SOUTHWEST STAGE FUNDING, LLC 1 7.75% $9,913
First State Bank of St. Charles, Missouri 1 7.25% $10,447
HOMESTEAD FUNDING CORP. 1 5.50% $9,707
BROOKHOLLOW MORTGAGE SERVICES, LTD 1 6.13% $22,145
American Bank of Commerce 1 5.25% $15,187
Summit Mortgage Corporation 1 7.50% $11,130
BNC National Bank 1 6.00% $10,110
FirstTrust Home Loans, Inc. 1 6.75% $15,069
FLAT BRANCH MORTGAGE, INC. 1 7.13% $10,766
BEST FINANCE CAPITAL, INC. 1 6.13% $10,813
Franklin Loan Corporation 1 5.99% $16,006
Bell Bank 1 5.25% $21,084
TEXAS TECH 1 5.75% $9,336
ALTITUDE FINANCIAL CORPORATION 1 7.50% $6,899
THE EQUITABLE MORTGAGE CORPORATION 1 5.75% $10,231
FRONTIER FINANCIAL, INC. 1 7.13% $10,641
The Huntington National Bank 1 6.88% $11,020
BELEM SERVICING LLC 1 6.63% $8,206
1ST SIGNATURE LENDING, LLC 1 7.25% $14,280
Goldwater Bank, N.A. 1 7.75% $15,804
BAY-VALLEY MORTGAGE GROUP 1 6.50% $14,555
Guaranty Bank & Trust, N.A. 1 6.75% $9,207
TOTAL MORTGAGE SERVICES, LLC 1 7.25% $13,075
INTEGRITY MORTGAGE CORPORATION OF TEXAS 1 5.75% $12,667
ALAMEDA MORTGAGE CORPORATION 1 6.13% $23,595
HALLMARK HOME MORTGAGE, LLC 1 7.50% $8,581
HARTFORD FUNDING, LTD. 1 7.13% $13,298
MK LENDING CORP. 1 6.75% $9,064
United Fidelity Funding Corp. 1 6.13% $13,728
LADERA LENDING, INC. 1 6.25% $15,539
ENDEAVOR CAPITAL, LLC. 1 6.13% $8,230
Evolve Bank & Trust 1 6.00% $13,007
INTELLILOAN, INC. 1 6.25% $7,505
FIRST CENTENNIAL MORTGAGE CORPORATION 1 7.50% $8,154
University Bank 1 6.75% $9,930
AmRes Corporation 1 7.13% $9,550
AMPLIFY 1 5.63% $9,198
ONY GLO, INC. 1 7.25% $5,235
KELLER MORTGAGE, LLC 1 6.25% $8,459
DATCU 1 6.00% $8,844
Presidential Bank, FSB 1 6.75% $22,299
Preston Home Loans Inc 1 6.63% $13,090
ON Q FINANCIAL, INC. 1 6.63% $15,275
VANDERBILT MORTGAGE AND FINANCE, INC. 1 6.25% $12,193
Princeton Mortgage Corporation 1 5.75% $20,391
COMPASS MORTGAGE, INC. 1 7.38% $11,593
Commercial Bank of Texas 1 5.63% $8,729
OCEANSIDE MORTGAGE COMPANY 1 6.13% $11,660
Comerica Bank 1 6.75% $7,262
NP, Inc. 1 6.25% $15,443

The top Houston FHA lender as defined by loan originations is DHI MORTGAGE COMPANY, LTD., with 1,918 FHA loans originated. Their average total fees are $9,724, which is $142 lower than the next largest lender, EAGLE HOME MORTGAGE, LLC.

The lowest fee Houston FHA lenders (with over 10 loans originated) are CHERRY CREEK MORTGAGE, LLC ($4,301), PULTE MORTGAGE LLC ($6,784), JPMorgan Chase Bank ($7,102), Wells Fargo Bank ($7,988) and VAN DYK MORTGAGE CORPORATION ($8,077).

The lowest rate Houston FHA lenders (with over 10 loans originated) are EAGLE HOME MORTGAGE, LLC (4.63%), South Pacific Financial Corporation (5.34%), DHI MORTGAGE COMPANY, LTD. (5.40%), PULTE MORTGAGE LLC (5.42%) and INSPIRE HOME LOANS INC. (5.45%).

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 $318,495 (2.8%) $434,988 (2.9%) 1.18 22,158
2018-02-01 $321,450 (3.2%) $441,899 (3.6%) 1.17 22,088
2018-03-01 $325,000 (2.7%) $449,611 (3.5%) 1.14 22,895
2018-04-01 $328,999 (2.8%) $456,334 (3.9%) 1.12 24,834
2018-05-01 $329,939 (3.1%) $458,684 (4.5%) 1.10 26,251
2018-06-01 $329,000 (2.8%) $455,818 (4.8%) 1.10 27,677
2018-07-01 $322,450 (2.4%) $447,415 (4.6%) 1.08 29,017
2018-08-01 $319,083 (3.9%) $439,888 (4.7%) 1.07 29,425
2018-09-01 $315,000 (2.3%) $437,886 (3.3%) 1.06 28,955
2018-10-01 $312,500 (0.5%) $436,561 (1.5%) 1.06 28,692
2018-11-01 $310,000 (-1.6%) $436,824 (0.6%) 1.05 28,143
2018-12-01 $308,157 (-2.2%) $432,749 (0.2%) 1.06 27,043
2019-01-01 $307,500 (-3.5%) $431,378 (-0.8%) 1.06 25,967
2019-02-01 $310,000 (-3.6%) $437,446 (-1.0%) 1.05 26,238
2019-03-01 $317,090 (-2.4%) $447,991 (-0.4%) 1.04 26,956
2019-04-01 $322,722 (-1.9%) $456,544 (0.1%) 1.02 27,862
2019-05-01 $324,900 (-1.5%) $457,864 (-0.2%) 1.02 28,941
2019-06-01 $322,787 (-1.9%) $454,154 (-0.4%) 1.01 30,303
2019-07-01 $317,495 (-1.5%) $446,753 (-0.2%) 0.99 31,152
2019-08-01 $313,609 (-1.7%) $444,089 (1.0%) 0.99 30,569
2019-09-01 $311,523 (-1.1%) $442,461 (1.0%) 1.00 29,778
2019-10-01 $309,450 (-1.0%) $441,376 (1.1%) 1.00 29,069
2019-11-01 $304,500 (-1.8%) $440,352 (0.8%) 1.00 28,200
2019-12-01 $299,993 (-2.7%) $438,261 (1.3%) 1.00 26,390
2020-01-01 $299,900 (-2.5%) $439,509 (1.9%) 1.00 25,051
2020-02-01 $302,990 (-2.3%) $444,683 (1.7%) 0.99 25,107
2020-03-01 $311,450 (-1.8%) $453,156 (1.2%) 0.98 25,899
2020-04-01 $310,495 (-3.8%) $448,967 (-1.7%) 0.97 26,439
2020-05-01 $319,000 (-1.8%) $460,046 (0.5%) 0.97 25,776
2020-06-01 $325,000 (0.7%) $477,682 (5.2%) 0.96 23,777
2020-07-01 $326,500 (2.8%) $484,639 (8.5%) 0.95 22,707
2020-08-01 $329,000 (4.9%) $492,013 (10.8%) 0.94 21,833
2020-09-01 $331,275 (6.3%) $495,529 (12.0%) 0.95 20,386
2020-10-01 $332,500 (7.5%) $494,415 (12.0%) 0.95 19,738
2020-11-01 $332,500 (9.2%) $494,204 (12.2%) 0.97 18,984
2020-12-01 $329,250 (9.8%) $492,079 (12.3%) 0.98 17,592
2021-01-01 $329,990 (10.0%) $497,411 (13.2%) 0.99 15,966
2021-02-01 $332,500 (9.7%) $507,011 (14.0%) 0.97 14,100
2021-03-01 $340,800 (9.4%) $521,078 (15.0%) 0.97 12,851
2021-04-01 $349,450 (12.6%) $538,424 (19.9%) 0.95 12,168
2021-05-01 $359,000 (12.5%) $552,716 (20.1%) 0.95 12,062
2021-06-01 $364,950 (12.3%) $554,119 (16.0%) 0.96 13,417
2021-07-01 $365,000 (11.8%) $543,548 (12.2%) 0.96 14,996
2021-08-01 $361,713 (9.9%) $526,069 (6.9%) 0.96 16,347
2021-09-01 $361,250 (9.1%) $520,459 (5.0%) 0.96 16,238
2021-10-01 $359,900 (8.2%) $517,888 (4.8%) 0.96 15,649
2021-11-01 $359,950 (8.3%) $524,446 (6.1%) 0.96 14,689
2021-12-01 $359,945 (9.3%) $521,750 (6.0%) 0.98 13,433
2022-01-01 $357,365 (8.3%) $518,833 (4.3%) 0.97 12,080
2022-02-01 $361,752 (8.8%) $530,290 (4.6%) 0.94 11,041
2022-03-01 $373,081 (9.5%) $542,575 (4.1%) 0.93 10,671
2022-04-01 $389,900 (11.6%) $558,209 (3.7%) 0.93 10,998
2022-05-01 $398,500 (11.0%) $571,080 (3.3%) 0.91 12,639
2022-06-01 $399,000 (9.3%) $560,844 (1.2%) 0.89 14,892
2022-07-01 $390,000 (6.9%) $538,649 (-0.9%) 0.88 18,422
2022-08-01 $382,495 (5.8%) $523,616 (-0.5%) 0.88 20,138
2022-09-01 $375,500 (3.9%) $513,693 (-1.3%) 0.88 20,452
2022-10-01 $368,990 (2.5%) $508,029 (-1.9%) 0.87 20,825
2022-11-01 $363,384 (1.0%) $505,723 (-3.6%) 0.87 21,205
2022-12-01 $359,900 (0.0%) $499,347 (-4.3%) 0.89 20,060
2023-01-01 $354,950 (-0.7%) $495,111 (-4.6%) 0.88 18,594
2023-02-01 $358,495 (-0.9%) $501,164 (-5.5%) 0.87 17,779
2023-03-01 $360,000 (-3.5%) $507,069 (-6.5%) 0.85 17,425
2023-04-01 $371,000 (-4.9%) $524,401 (-6.1%) 0.86 17,156
2023-05-01 $375,000 (-5.9%) $527,499 (-7.6%) 0.85 17,357
2023-06-01 $378,030 (-5.3%) $529,487 (-5.6%) 0.85 18,457
2023-07-01 $375,940 (-3.6%) $527,958 (-2.0%) 0.85 19,690
2023-08-01 $374,950 (-2.0%) $524,993 (0.3%) 0.86 20,123
2023-09-01 $369,990 (-1.5%) $518,097 (0.9%) 0.86 20,826
2023-10-01 $369,123 (0.0%) $513,033 (1.0%) 0.87 21,775
2023-11-01 $365,000 (0.4%) $509,817 (0.8%) 0.87 22,115
2023-12-01 $359,990 (0.0%) $504,376 (1.0%) 0.88 21,377
2024-01-01 $359,000 (1.1%) $501,778 (1.4%) 0.88 20,401
2024-02-01 $359,990 (0.4%) $506,800 (1.1%) 0.87 20,655
2024-03-01 $362,675 (0.7%) $508,547 (0.3%) 0.85 21,518
Houston's median listing price for 2024-03-01 was $362,675, a difference of $2,675 (0.7%) versus the prior year and $2,685 versus the prior month.

Houston's median listing price comes in at 85% of the national average.

Houston's average listing price for 2024-03-01 was $508,547, a difference of $1,478 (0.3%) versus the prior year and $1,747 versus the prior month.

For the 2024-03-01 period, Houston had 21,518 MLS listings, a difference of 863 listings (4%) versus the prior month and 4,093 listings (23%) 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 73 days 2,531 sqft
2018-02-01 62 days 2,531 sqft
2018-03-01 47 days 2,558 sqft
2018-04-01 44 days 2,568 sqft
2018-05-01 42 days 2,582 sqft
2018-06-01 44 days 2,584 sqft
2018-07-01 51 days 2,560 sqft
2018-08-01 52 days 2,539 sqft
2018-09-01 58 days 2,513 sqft
2018-10-01 61 days 2,496 sqft
2018-11-01 62 days 2,484 sqft
2018-12-01 67 days 2,469 sqft
2019-01-01 73 days 2,449 sqft
2019-02-01 63 days 2,450 sqft
2019-03-01 53 days 2,471 sqft
2019-04-01 50 days 2,497 sqft
2019-05-01 50 days 2,507 sqft
2019-06-01 51 days 2,512 sqft
2019-07-01 51 days 2,494 sqft
2019-08-01 54 days 2,470 sqft
2019-09-01 58 days 2,449 sqft
2019-10-01 61 days 2,432 sqft
2019-11-01 63 days 2,410 sqft
2019-12-01 69 days 2,389 sqft
2020-01-01 73 days 2,376 sqft
2020-02-01 61 days 2,379 sqft
2020-03-01 52 days 2,392 sqft
2020-04-01 58 days 2,384 sqft
2020-05-01 64 days 2,408 sqft
2020-06-01 59 days 2,423 sqft
2020-07-01 51 days 2,424 sqft
2020-08-01 51 days 2,408 sqft
2020-09-01 58 days 2,388 sqft
2020-10-01 58 days 2,348 sqft
2020-11-01 58 days 2,320 sqft
2020-12-01 59 days 2,283 sqft
2021-01-01 59 days 2,252 sqft
2021-02-01 51 days 2,218 sqft
2021-03-01 54 days 2,222 sqft
2021-04-01 45 days 2,229 sqft
2021-05-01 43 days 2,241 sqft
2021-06-01 40 days 2,254 sqft
2021-07-01 39 days 2,258 sqft
2021-08-01 40 days 2,241 sqft
2021-09-01 46 days 2,225 sqft
2021-10-01 52 days 2,209 sqft
2021-11-01 54 days 2,189 sqft
2021-12-01 53 days 2,160 sqft
2022-01-01 61 days 2,128 sqft
2022-02-01 40 days 2,107 sqft
2022-03-01 38 days 2,128 sqft
2022-04-01 35 days 2,148 sqft
2022-05-01 33 days 2,178 sqft
2022-06-01 31 days 2,198 sqft
2022-07-01 33 days 2,200 sqft
2022-08-01 38 days 2,180 sqft
2022-09-01 46 days 2,156 sqft
2022-10-01 48 days 2,140 sqft
2022-11-01 51 days 2,130 sqft
2022-12-01 59 days 2,113 sqft
2023-01-01 63 days 2,086 sqft
2023-02-01 54 days 2,079 sqft
2023-03-01 47 days 2,081 sqft
2023-04-01 43 days 2,091 sqft
2023-05-01 41 days 2,097 sqft
2023-06-01 40 days 2,111 sqft
2023-07-01 40 days 2,128 sqft
2023-08-01 42 days 2,126 sqft
2023-09-01 44 days 2,108 sqft
2023-10-01 46 days 2,108 sqft
2023-11-01 50 days 2,099 sqft
2023-12-01 56 days 2,082 sqft
2024-01-01 59 days 2,049 sqft
2024-02-01 48 days 2,040 sqft
2024-03-01 43 days 2,043 sqft
Houston's median listing age (time on market) for 2024-03-01 was 43 days. This is -8% shorter than the same period one year ago.

Houston's median square footage for active listings during the 2024-03-01 period was 2,043 sqft. One year prior, the average listing was 2,081 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).