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 58 lenders originated 183 FHA loans during 2021. The total origination value was $37,485,000, with an average FHA loan value of $204,836.

Huntsville FHA Loans, 30 Year Fixed Rates

30 Year FHA mortgages in Huntsville averaged 6.42% for the week of 2023-01-27, compared to the national average (all FHA variants) of 6.186% for the same period.

Huntsville's average FHA mortgage closing costs are $7,179.

The average rate for the prior week (2023-01-20) was 6.19% and one month ago for the week of 2022-12-23, the average rate was 6.28%.

The average rate one year ago was 4.07%.

For refis of the same type during the week of 2023-01-27, the average rate was 5.85%.

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 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
DHI MORTGAGE COMPANY, LTD. 19 2.82% $6,889
Wallick & Volk, Inc. 15 3.36% $4,473
FREEDOM MORTGAGE CORPORATION 9 2.67% $7,982
AMCAP MORTGAGE, LTD. 7 3.50% $9,879
HOMETRUST MORTGAGE COMPANY 7 3.13% $9,081
CALIBER HOME LOANS, INC. 5 3.15% $6,948
LAKEVIEW LOAN SERVICING, LLC 5 2.97% $4,770
QUICKEN LOANS, LLC 4 2.87% $10,059
CMG MORTGAGE, INC. 4 3.00% $10,493
Flagstar Bank, FSB 4 2.70% $7,231
PENNYMAC LOAN SERVICES, LLC 4 2.97% $4,148
LOANDEPOT.COM, LLC 4 2.97% $9,644
Gateway First Bank 3 3.58% $7,467
HOMEBRIDGE FINANCIAL SERVICES, INC. 3 2.75% $8,872
EUSTIS AND AMERICAN MORTGAGE COMPANY 3 3.38% $6,554
NATIONS RELIABLE LENDING, LLC 3 3.71% $8,817
UNION HOME MORTGAGE CORP. 3 3.33% $7,320
AmeriHome Mortgage Company, LLC 2 2.88% $4,382
CANOPY MORTGAGE, LLC 2 4.00% $9,163
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 2 3.06% $8,355
CORNERSTONE HOME LENDING, INC. 2 3.00% $12,297
AMERICA'S CHOICE HOME LOANS LP 2 3.00% $8,577
First Guaranty Mortgage Corporation 2 3.06% $4,308
GIBRALTAR MORTGAGE SERVICES, LLC 2 3.13% $9,490
INTERLINC MORTGAGE SERVICES, LLC 2 3.50% $8,753
Loan Simple, Inc. 2 3.63% $8,135
MID AMERICA MORTGAGE, INC. 2 3.13% $3,413
NEWREZ LLC 2 3.12% $4,141
PLANET HOME LENDING, LLC 2 2.75% $5,208
PLAZA HOME MORTGAGE, INC. 2 3.13% $7,007
PRIMELENDING, A PLAINSCAPITAL COMPANY 2 4.25% $10,872
S1L, Inc. 2 3.38% $8,627
AMERICAN FINANCIAL RESOURCES, INC. 1 2.75% $7,333
LEADERONE FINANCIAL CORPORATION 1 3.25% $9,141
CROSSCOUNTRY MORTGAGE, LLC 1 3.25% $12,078
ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 3.63% $5,962
SOUTHWEST STAGE FUNDING, LLC 1 3.25% $3,884
MOVEMENT MORTGAGE, LLC 1 3.13% $6,662
Mr. Cooper ( Nationstar Mortgage ) 1 3.25% $2,815
Nations Lending Corporation 1 3.75% $8,902
COUNTRYPLACE MORTGAGE, LTD. 1 3.25% $16,956
THRIVE MORTGAGE, LLC 1 3.00% $9,204
Paramount Residential Mortgage Group, Inc. 1 3.50% $9,339
CONTOUR MORTGAGE CORPORATION 1 3.63% $5,435
Peoples Bank 1 3.25% $11,548
CITY FIRST MORTGAGE SERVICES, L.L.C. 1 3.63% $11,920
UNITED WHOLESALE MORTGAGE, LLC 1 2.63% $6,476
PRIMARY RESIDENTIAL MORTGAGE, INC. 1 4.13% $8,277
VAN DYK MORTGAGE CORPORATION 1 3.25% $5,490
AMERICAN PACIFIC MORTGAGE CORPORATION 1 3.13% $8,365
CLM MORTGAGE, INC 1 3.38% $8,526
Goldwater Bank, N.A. 1 3.38% $10,026
GSF Mortgage Corporation 1 3.25% $14,250
GUILD MORTGAGE COMPANY 1 4.13% $4,097
ENVOY MORTGAGE, LTD 1 3.50% $12,132
AMERICAN HOMESTAR MORTGAGE, L.L.C. 1 3.25% $13,126
Republic State Mortgage Co. 1 3.25% $11,541
JAMES B. NUTTER & COMPANY 1 3.00% $6,037

The top Huntsville FHA lender as defined by loan originations is DHI MORTGAGE COMPANY, LTD., with 19 FHA loans originated. Their average total fees are $6,889, which is $2,416 higher than the next largest lender, Wallick & Volk, Inc..

The lowest fee Huntsville FHA lenders (with over 10 loans originated) are Wallick & Volk, Inc. ($4,473), DHI MORTGAGE COMPANY, LTD. ($6,889), .

The lowest rate Huntsville FHA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (2.82%), Wallick & Volk, Inc. (3.36%), .

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

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 $210,725 (6.8%) $283,655 (11.0%) 0.00 129
2018-02-01 $214,425 (9.8%) $281,866 (10.0%) 0.00 132
2018-03-01 $219,495 (10.1%) $285,826 (4.4%) 0.00 124
2018-04-01 $228,970 (8.0%) $291,792 (8.3%) 0.00 130
2018-05-01 $238,448 (10.1%) $303,077 (13.2%) 0.00 141
2018-06-01 $239,900 (12.5%) $297,488 (12.5%) 0.00 152
2018-07-01 $219,350 (4.5%) $269,630 (2.7%) 0.00 170
2018-08-01 $214,025 (2.6%) $257,525 (-0.9%) 0.00 173
2018-09-01 $215,000 (2.4%) $254,802 (-4.0%) 0.00 170
2018-10-01 $213,750 (-0.6%) $254,488 (-5.8%) 0.00 153
2018-11-01 $215,000 (-1.1%) $256,638 (-6.6%) 0.00 154
2018-12-01 $210,000 (-4.0%) $243,587 (-12.3%) 0.00 149
2019-01-01 $214,975 (2.0%) $241,145 (-15.0%) 0.00 143
2019-02-01 $215,000 (0.3%) $256,692 (-8.9%) 0.00 154
2019-03-01 $214,629 (-2.2%) $261,479 (-8.5%) 0.00 152
2019-04-01 $218,350 (-4.6%) $272,088 (-6.8%) 0.00 155
2019-05-01 $223,725 (-6.2%) $269,510 (-11.1%) 0.00 159
2019-06-01 $225,000 (-6.2%) $269,638 (-9.4%) 0.00 156
2019-07-01 $223,250 (1.8%) $253,163 (-6.1%) 0.00 179
2019-08-01 $219,727 (2.7%) $250,001 (-2.9%) 0.00 184
2019-09-01 $219,318 (2.0%) $248,546 (-2.5%) 0.00 185
2019-10-01 $219,545 (2.7%) $249,888 (-1.8%) 0.00 187
2019-11-01 $220,000 (2.3%) $257,457 (0.3%) 0.00 192
2019-12-01 $215,788 (2.8%) $260,026 (6.8%) 0.00 201
2020-01-01 $214,722 (-0.1%) $261,858 (8.6%) 0.00 180
2020-02-01 $212,925 (-1.0%) $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 (-4.0%) 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 (8.6%) 0.00 214
2020-09-01 $218,750 (-0.3%) $262,252 (5.5%) 0.00 207
2020-10-01 $212,613 (-3.2%) $266,162 (6.5%) 0.00 170
2020-11-01 $208,300 (-5.3%) $248,952 (-3.3%) 0.00 158
2020-12-01 $205,569 (-4.7%) $245,450 (-5.6%) 0.00 148
2021-01-01 $209,500 (-2.4%) $248,655 (-5.0%) 0.00 115
2021-02-01 $212,288 (-0.3%) $261,636 (0.7%) 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%) $305,970 (15.0%) 0.00 82
2021-11-01 $254,990 (22.4%) $338,952 (36.2%) 0.00 98
2021-12-01 $255,423 (24.3%) $336,009 (36.9%) 0.00 98
2022-01-01 $253,900 (21.2%) $335,445 (34.9%) 0.00 106
2022-02-01 $249,750 (17.7%) $327,798 (25.3%) 0.00 104
2022-03-01 $258,648 (18.2%) $340,947 (25.2%) 0.00 98
2022-04-01 $259,900 (6.1%) $338,917 (17.6%) 0.00 103
2022-05-01 $271,929 (15.7%) $344,717 (25.8%) 0.00 158
2022-06-01 $272,445 (23.9%) $331,824 (22.5%) 0.00 200
2022-07-01 $276,990 (13.3%) $339,822 (16.4%) 0.00 223
2022-08-01 $275,243 (14.3%) $337,918 (15.2%) 0.00 198
2022-09-01 $269,454 (13.6%) $329,249 (15.1%) 0.00 195
2022-10-01 $267,458 (7.9%) $328,982 (7.5%) 0.00 208
2022-11-01 $268,945 (5.5%) $329,656 (-2.7%) 0.00 195
2022-12-01 $272,400 (6.7%) $324,176 (-3.5%) 0.00 170
Huntsville's median listing price for 2022-12-01 was $272,400, a difference of $16,977 (6.7%) versus the prior year and $3,455 versus the prior month.

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

Huntsville's average listing price for 2022-12-01 was $324,176, a difference of $-11,833 (-3.5%) versus the prior year and $-5,480 versus the prior month.

For the 2022-12-01 period, Huntsville had 170 MLS listings, a difference of -25 listings (-13%) versus the prior month and 72 listings (73%) 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 1,973 sqft
2018-02-01 0 days 1,960 sqft
2018-03-01 0 days 2,050 sqft
2018-04-01 0 days 2,054 sqft
2018-05-01 0 days 2,067 sqft
2018-06-01 0 days 2,095 sqft
2018-07-01 0 days 2,038 sqft
2018-08-01 0 days 1,979 sqft
2018-09-01 0 days 1,955 sqft
2018-10-01 0 days 1,934 sqft
2018-11-01 0 days 1,919 sqft
2018-12-01 0 days 1,862 sqft
2019-01-01 0 days 1,884 sqft
2019-02-01 0 days 1,872 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 1,861 sqft
2019-09-01 0 days 1,859 sqft
2019-10-01 0 days 1,857 sqft
2019-11-01 0 days 1,851 sqft
2019-12-01 0 days 1,817 sqft
2020-01-01 0 days 1,848 sqft
2020-02-01 0 days 1,851 sqft
2020-03-01 0 days 1,842 sqft
2020-04-01 0 days 1,876 sqft
2020-05-01 0 days 1,903 sqft
2020-06-01 0 days 1,936 sqft
2020-07-01 0 days 1,904 sqft
2020-08-01 0 days 1,868 sqft
2020-09-01 0 days 1,859 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 1,742 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 1,773 sqft
2021-11-01 0 days 1,764 sqft
2021-12-01 0 days 1,719 sqft
2022-01-01 0 days 1,740 sqft
2022-02-01 0 days 1,681 sqft
2022-03-01 0 days 1,760 sqft
2022-04-01 0 days 1,733 sqft
2022-05-01 0 days 1,760 sqft
2022-06-01 0 days 1,775 sqft
2022-07-01 0 days 1,776 sqft
2022-08-01 0 days 1,776 sqft
2022-09-01 0 days 1,761 sqft
2022-10-01 0 days 1,751 sqft
2022-11-01 0 days 1,750 sqft
2022-12-01 0 days 1,778 sqft
Huntsville's median listing age (time on market) for 2022-12-01 was 0 days.

Huntsville's median square footage for active listings during the 2022-12-01 period was 1,778 sqft. One year prior, the average listing was 1,719 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).