Huntsville FHA Loan Rates, Closing Costs & Stats

Huntsville, 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.

    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 6.53% for the week of 2024-04-19, compared to the national average (all FHA variants) of 6.855% for the same period.

    Huntsville's average FHA mortgage closing costs are $8,431.

    The average rate for the prior week (2024-04-12) was 6.73% and one month ago for the week of 2024-03-15, the average rate was 6.59%.

    The average rate one year ago was 6.22%.

    For refis of the same type during the week of 2024-04-19, the average rate was 7.06%.

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

    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.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    DHI MORTGAGE COMPANY, LTD. 21 5.64% $8,387
    INSPIRE HOME LOANS INC. 16 5.31% $9,507
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 16 5.95% $9,506
    UNITED WHOLESALE MORTGAGE, LLC 8 6.73% $11,925
    CORNERSTONE HOME LENDING, INC. 8 6.92% $12,729
    QUICKEN LOANS, LLC 5 6.62% $11,532
    Flagstar Bank, FSB 5 6.43% $9,096
    HOMETRUST MORTGAGE COMPANY 3 6.92% $12,868
    AMERICAN FINANCIAL NETWORK, INC. 3 7.04% $12,904
    TIB The Independent Bankersbank 3 6.67% $10,146
    SWBC MORTGAGE CORPORATION 2 7.25% $7,441
    CMG MORTGAGE, INC. 2 6.44% $11,170
    CROSSCOUNTRY MORTGAGE, LLC 2 6.75% $14,304
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 6.25% $13,342
    GUILD MORTGAGE COMPANY 2 6.63% $18,536
    MORTGAGE FINANCIAL SERVICES, LLC 2 7.56% $14,156
    NATIONS RELIABLE LENDING, LLC 2 7.13% $18,305
    NEWREZ LLC 2 7.00% $16,287
    PLAZA HOME MORTGAGE, INC. 2 6.00% $12,258
    T2 FINANCIAL LLC 2 6.50% $16,324
    UNION HOME MORTGAGE CORP. 2 7.13% $8,248
    STANDARD MORTGAGE CORPORATION 1 5.50% $10,045
    HOMEBRIDGE FINANCIAL SERVICES, INC. 1 7.50% $7,424
    CHERRY CREEK MORTGAGE, LLC 1 5.38% $4,434
    Century Mortgage Company DBA Century Lending Company 1 5.75% $13,374
    LAND HOME FINANCIAL SERVICES, INC. 1 7.00% $25,490
    AHL FUNDING 1 6.99% $12,007
    MOVEMENT MORTGAGE, LLC 1 5.75% $10,414
    Mr. Cooper ( Nationstar Mortgage ) 1 5.25% $6,212
    AMCAP MORTGAGE, LTD. 1 6.13% $14,458
    THRIVE MORTGAGE, LLC 1 6.75% $10,682
    OCMBC, INC. 1 7.00% $11,059
    AMERISAVE MORTGAGE CORPORATION 1 5.75% $13,834
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 7.75% $9,095
    Prosperity Bank 1 6.13% $13,051
    Equity Prime Mortgage LLC 1 5.13% $9,179
    EVERETT FINANCIAL, INC. 1 7.13% $12,029
    CALCON MUTUAL MORTGAGE LLC 1 7.00% $14,742
    FBC MORTGAGE, LLC 1 6.25% $7,945
    First National Bank Texas 1 6.13% $8,860
    DRAPER AND KRAMER MORTGAGE CORP. 1 7.13% $23,825
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 7.38% $5,558
    Goldwater Bank, N.A. 1 6.75% $8,958

    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. Louis
    Date 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
    Huntsville's median listing price for 2024-03-01 was $272,000, a difference of $2,100 (0.8%) versus the prior year and $-7,900 versus the prior month.

    Huntsville's median listing price comes in at 0% of the national average.

    Huntsville's average listing price for 2024-03-01 was $354,634, a difference of $13,656 (4.0%) versus the prior year and $-1,401 versus the prior month.

    For the 2024-03-01 period, Huntsville had 220 MLS listings, a difference of 21 listings (11%) versus the prior month and 47 listings (27%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Huntsville (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date 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
    Huntsville's median listing age (time on market) for 2024-03-01 was 0 days.

    Huntsville's median square footage for active listings during the 2024-03-01 period was 1,797 sqft. One year prior, the average listing was 1,775 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).