Huntsville FHA Loan Rates, Closing Costs & Stats
Huntsville, 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.
Huntsville's 43 lenders originated 148 FHA loans during 2023. The total origination value was $37,240,000, with an average FHA loan value of $251,622.
Huntsville FHA Loans, 30 Year Fixed Rates
30 Year FHA mortgages in Huntsville
averaged
5.68%
for the week of 2024-10-11, compared to the national average (all FHA variants) of
6.1% for the same period.
Huntsville's average FHA mortgage closing costs are $8,431.
The average rate for the prior week (2024-10-04) was
5.6% and
one month ago for the week of 2024-09-06, the
average rate was 5.93%.
The average rate one year ago was 6.85%.
For refis of the same type during the week of 2024-10-11, the average rate
was 6.2%.
Huntsville 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 Huntsville level.
The top Huntsville FHA lender as defined by loan originations is DHI MORTGAGE COMPANY, LTD., with
21 FHA loans originated. Their average total fees are
$8,387, which is $1,120
lower than the next largest lender,
INSPIRE HOME LOANS INC..
The lowest fee Huntsville FHA lenders (with over 10 loans originated) are
DHI MORTGAGE COMPANY, LTD. ($8,387), ARK-LA-TEX FINANCIAL SERVICES, LLC. ($9,506), INSPIRE HOME LOANS INC. ($9,507), .
The lowest rate Huntsville FHA lenders (with over 10 loans originated) are
INSPIRE HOME LOANS INC. (5.31%), DHI MORTGAGE COMPANY, LTD. (5.64%), ARK-LA-TEX FINANCIAL SERVICES, LLC. (5.95%), .
Huntsville FHA Loan Limits
Metro | County | Year | Single Family Limit | 2 Family Limit | 3 Family Limit | 4 Family Limit |
---|---|---|---|---|---|---|
HUNTSVILLE, TX | WALKER | 2022 | $420,680 | $538,650 | $651,050 | $809,150 |
HUNTSVILLE, TX | WALKER | 2023 | $472,030 | $604,400 | $730,525 | $907,900 |
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Huntsville (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 | $206,475 (4.6%) | $280,757 (9.9%) | 0.00 | 128 |
2018-02-01 | $212,750 (8.9%) | $280,142 (9.4%) | 0.00 | 131 |
2018-03-01 | $219,000 (9.8%) | $283,989 (3.7%) | 0.00 | 123 |
2018-04-01 | $228,173 (7.6%) | $290,150 (7.7%) | 0.00 | 129 |
2018-05-01 | $236,995 (9.4%) | $301,707 (12.7%) | 0.00 | 140 |
2018-06-01 | $239,450 (12.3%) | $296,276 (12.0%) | 0.00 | 151 |
2018-07-01 | $219,000 (4.3%) | $268,392 (2.3%) | 0.00 | 169 |
2018-08-01 | $214,650 (2.9%) | $258,619 (-0.5%) | 0.00 | 172 |
2018-09-01 | $215,000 (2.4%) | $255,946 (-3.0%) | 0.00 | 169 |
2018-10-01 | $215,000 (0.4%) | $255,695 (-4.5%) | 0.00 | 152 |
2018-11-01 | $215,150 (-0.4%) | $257,851 (-5.3%) | 0.00 | 153 |
2018-12-01 | $210,000 (-2.8%) | $244,725 (-11.1%) | 0.00 | 148 |
2019-01-01 | $214,975 (4.1%) | $241,145 (-14.1%) | 0.00 | 143 |
2019-02-01 | $215,000 (1.1%) | $256,692 (-8.4%) | 0.00 | 154 |
2019-03-01 | $214,629 (-2.0%) | $261,479 (-7.9%) | 0.00 | 152 |
2019-04-01 | $218,350 (-4.3%) | $271,865 (-6.3%) | 0.00 | 155 |
2019-05-01 | $223,725 (-5.6%) | $269,510 (-10.7%) | 0.00 | 159 |
2019-06-01 | $225,000 (-6.0%) | $269,638 (-9.0%) | 0.00 | 156 |
2019-07-01 | $223,250 (1.9%) | $253,163 (-5.7%) | 0.00 | 179 |
2019-08-01 | $219,727 (2.4%) | $247,754 (-4.2%) | 0.00 | 183 |
2019-09-01 | $219,318 (2.0%) | $246,378 (-3.7%) | 0.00 | 183 |
2019-10-01 | $219,545 (2.1%) | $247,837 (-3.1%) | 0.00 | 185 |
2019-11-01 | $220,000 (2.3%) | $255,400 (-1.0%) | 0.00 | 190 |
2019-12-01 | $215,411 (2.6%) | $257,937 (5.4%) | 0.00 | 200 |
2020-01-01 | $214,500 (-0.2%) | $260,790 (8.2%) | 0.00 | 180 |
2020-02-01 | $213,576 (-0.7%) | $259,875 (1.2%) | 0.00 | 184 |
2020-03-01 | $217,626 (1.4%) | $253,680 (-3.0%) | 0.00 | 189 |
2020-04-01 | $220,000 (0.8%) | $261,203 (-3.9%) | 0.00 | 189 |
2020-05-01 | $227,450 (1.7%) | $269,409 (0.0%) | 0.00 | 194 |
2020-06-01 | $232,000 (3.1%) | $274,250 (1.7%) | 0.00 | 194 |
2020-07-01 | $223,550 (0.1%) | $274,387 (8.4%) | 0.00 | 209 |
2020-08-01 | $225,000 (2.4%) | $271,505 (9.6%) | 0.00 | 214 |
2020-09-01 | $218,750 (-0.3%) | $262,252 (6.4%) | 0.00 | 207 |
2020-10-01 | $212,613 (-3.2%) | $266,162 (7.4%) | 0.00 | 170 |
2020-11-01 | $208,300 (-5.3%) | $248,952 (-2.5%) | 0.00 | 158 |
2020-12-01 | $205,569 (-4.6%) | $245,450 (-4.8%) | 0.00 | 148 |
2021-01-01 | $209,500 (-2.3%) | $248,655 (-4.7%) | 0.00 | 115 |
2021-02-01 | $212,481 (-0.5%) | $261,482 (0.6%) | 0.00 | 101 |
2021-03-01 | $218,813 (0.6%) | $272,324 (7.4%) | 0.00 | 76 |
2021-04-01 | $244,948 (11.3%) | $288,100 (10.3%) | 0.00 | 73 |
2021-05-01 | $235,000 (3.3%) | $273,993 (1.7%) | 0.00 | 72 |
2021-06-01 | $219,950 (-5.2%) | $270,889 (-1.2%) | 0.00 | 73 |
2021-07-01 | $244,500 (9.4%) | $292,063 (6.4%) | 0.00 | 74 |
2021-08-01 | $240,725 (7.0%) | $293,389 (8.1%) | 0.00 | 70 |
2021-09-01 | $237,225 (8.5%) | $285,982 (9.1%) | 0.00 | 74 |
2021-10-01 | $247,900 (16.6%) | $301,837 (13.4%) | 0.00 | 81 |
2021-11-01 | $253,743 (21.8%) | $336,442 (35.1%) | 0.00 | 97 |
2021-12-01 | $254,470 (23.8%) | $333,394 (35.8%) | 0.00 | 97 |
2022-01-01 | $253,900 (21.2%) | $334,522 (34.5%) | 0.00 | 105 |
2022-02-01 | $249,600 (17.5%) | $325,458 (24.5%) | 0.00 | 103 |
2022-03-01 | $257,650 (17.8%) | $335,628 (23.3%) | 0.00 | 97 |
2022-04-01 | $259,850 (6.1%) | $334,791 (16.2%) | 0.00 | 102 |
2022-05-01 | $271,929 (15.7%) | $344,717 (25.8%) | 0.00 | 158 |
2022-06-01 | $271,344 (23.4%) | $330,644 (22.1%) | 0.00 | 200 |
2022-07-01 | $275,990 (12.9%) | $339,046 (16.1%) | 0.00 | 222 |
2022-08-01 | $274,743 (14.1%) | $338,027 (15.2%) | 0.00 | 197 |
2022-09-01 | $269,954 (13.8%) | $329,954 (15.4%) | 0.00 | 195 |
2022-10-01 | $266,990 (7.7%) | $324,767 (7.6%) | 0.00 | 208 |
2022-11-01 | $267,695 (5.5%) | $328,534 (-2.4%) | 0.00 | 195 |
2022-12-01 | $269,900 (6.1%) | $323,430 (-3.0%) | 0.00 | 170 |
2023-01-01 | $266,457 (5.0%) | $326,904 (-2.3%) | 0.00 | 164 |
2023-02-01 | $259,450 (4.0%) | $321,909 (-1.1%) | 0.00 | 178 |
2023-03-01 | $269,900 (4.8%) | $340,978 (1.6%) | 0.00 | 173 |
2023-04-01 | $276,990 (6.6%) | $345,165 (3.1%) | 0.00 | 165 |
2023-05-01 | $288,300 (6.0%) | $350,240 (1.6%) | 0.00 | 177 |
2023-06-01 | $289,914 (6.8%) | $357,233 (8.0%) | 0.00 | 198 |
2023-07-01 | $299,950 (8.7%) | $392,873 (15.9%) | 0.00 | 212 |
2023-08-01 | $299,220 (8.9%) | $408,549 (20.9%) | 0.00 | 219 |
2023-09-01 | $289,000 (7.1%) | $373,507 (13.2%) | 0.00 | 223 |
2023-10-01 | $285,000 (6.8%) | $358,129 (10.3%) | 0.00 | 232 |
2023-11-01 | $285,213 (6.5%) | $366,025 (11.4%) | 0.00 | 231 |
2023-12-01 | $285,000 (5.6%) | $359,859 (11.3%) | 0.00 | 210 |
2024-01-01 | $282,445 (6.0%) | $354,876 (8.6%) | 0.00 | 207 |
2024-02-01 | $279,900 (7.9%) | $356,035 (10.6%) | 0.00 | 199 |
2024-03-01 | $272,000 (0.8%) | $354,634 (4.0%) | 0.00 | 220 |
2024-04-01 | $273,879 (-1.1%) | $365,158 (5.8%) | 0.00 | 226 |
2024-05-01 | $273,879 (-5.0%) | $374,767 (7.0%) | 0.00 | 212 |
2024-06-01 | $264,916 (-8.6%) | $368,991 (3.3%) | 0.00 | 231 |
2024-07-01 | $270,000 (-10.0%) | $376,131 (-4.3%) | 0.00 | 238 |
2024-08-01 | $279,115 (-6.7%) | $380,583 (-6.9%) | 0.00 | 233 |
2024-09-01 | $297,387 (2.9%) | $393,014 (5.2%) | 0.00 | 257 |
Huntsville's median listing price comes in at 0% of the national average.
Huntsville's average listing price for 2024-09-01 was $393,014, a difference of $19,507 (5.2%) versus the prior year and $12,431 versus the prior month.
For the 2024-09-01 period, Huntsville had 257 MLS listings, a difference of 24 listings (10%) versus the prior month and 34 listings (15%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Huntsville (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,916 sqft |
2018-02-01 | 0 days | 1,918 sqft |
2018-03-01 | 0 days | 2,038 sqft |
2018-04-01 | 0 days | 2,048 sqft |
2018-05-01 | 0 days | 2,055 sqft |
2018-06-01 | 0 days | 2,060 sqft |
2018-07-01 | 0 days | 2,023 sqft |
2018-08-01 | 0 days | 1,984 sqft |
2018-09-01 | 0 days | 1,966 sqft |
2018-10-01 | 0 days | 1,939 sqft |
2018-11-01 | 0 days | 1,920 sqft |
2018-12-01 | 0 days | 1,868 sqft |
2019-01-01 | 0 days | 1,884 sqft |
2019-02-01 | 0 days | 1,871 sqft |
2019-03-01 | 0 days | 1,894 sqft |
2019-04-01 | 0 days | 1,920 sqft |
2019-05-01 | 0 days | 1,920 sqft |
2019-06-01 | 0 days | 1,923 sqft |
2019-07-01 | 0 days | 1,905 sqft |
2019-08-01 | 0 days | 1,860 sqft |
2019-09-01 | 0 days | 1,858 sqft |
2019-10-01 | 0 days | 1,856 sqft |
2019-11-01 | 0 days | 1,851 sqft |
2019-12-01 | 0 days | 1,820 sqft |
2020-01-01 | 0 days | 1,851 sqft |
2020-02-01 | 0 days | 1,853 sqft |
2020-03-01 | 0 days | 1,846 sqft |
2020-04-01 | 0 days | 1,886 sqft |
2020-05-01 | 0 days | 1,905 sqft |
2020-06-01 | 0 days | 1,939 sqft |
2020-07-01 | 0 days | 1,903 sqft |
2020-08-01 | 0 days | 1,868 sqft |
2020-09-01 | 0 days | 1,858 sqft |
2020-10-01 | 0 days | 1,815 sqft |
2020-11-01 | 0 days | 1,756 sqft |
2020-12-01 | 0 days | 1,681 sqft |
2021-01-01 | 0 days | 1,710 sqft |
2021-02-01 | 0 days | 1,710 sqft |
2021-03-01 | 0 days | 1,796 sqft |
2021-04-01 | 0 days | 2,009 sqft |
2021-05-01 | 0 days | 1,830 sqft |
2021-06-01 | 0 days | 1,733 sqft |
2021-07-01 | 0 days | 1,821 sqft |
2021-08-01 | 0 days | 1,747 sqft |
2021-09-01 | 0 days | 1,713 sqft |
2021-10-01 | 0 days | 1,758 sqft |
2021-11-01 | 0 days | 1,763 sqft |
2021-12-01 | 0 days | 1,705 sqft |
2022-01-01 | 0 days | 1,740 sqft |
2022-02-01 | 0 days | 1,678 sqft |
2022-03-01 | 0 days | 1,759 sqft |
2022-04-01 | 0 days | 1,672 sqft |
2022-05-01 | 0 days | 1,759 sqft |
2022-06-01 | 0 days | 1,774 sqft |
2022-07-01 | 0 days | 1,776 sqft |
2022-08-01 | 0 days | 1,776 sqft |
2022-09-01 | 0 days | 1,760 sqft |
2022-10-01 | 0 days | 1,748 sqft |
2022-11-01 | 0 days | 1,750 sqft |
2022-12-01 | 0 days | 1,776 sqft |
2023-01-01 | 0 days | 1,788 sqft |
2023-02-01 | 0 days | 1,704 sqft |
2023-03-01 | 0 days | 1,775 sqft |
2023-04-01 | 0 days | 1,763 sqft |
2023-05-01 | 0 days | 1,775 sqft |
2023-06-01 | 0 days | 1,803 sqft |
2023-07-01 | 0 days | 1,960 sqft |
2023-08-01 | 0 days | 1,951 sqft |
2023-09-01 | 0 days | 1,848 sqft |
2023-10-01 | 0 days | 1,839 sqft |
2023-11-01 | 0 days | 1,839 sqft |
2023-12-01 | 0 days | 1,842 sqft |
2024-01-01 | 0 days | 1,833 sqft |
2024-02-01 | 0 days | 1,821 sqft |
2024-03-01 | 0 days | 1,797 sqft |
2024-04-01 | 0 days | 1,747 sqft |
2024-05-01 | 0 days | 1,773 sqft |
2024-06-01 | 0 days | 1,720 sqft |
2024-07-01 | 0 days | 1,728 sqft |
2024-08-01 | 0 days | 1,792 sqft |
2024-09-01 | 0 days | 1,819 sqft |
Huntsville's median square footage for active listings during the 2024-09-01 period was 1,819 sqft. One year prior, the average listing was 1,848 sqft.