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%.

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
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 for 2024-09-01 was $297,387, a difference of $8,387 (2.9%) versus the prior year and $18,272 versus the prior month.

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. 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
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 listing age (time on market) for 2024-09-01 was 0 days.

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.

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).