Kerrville FHA Loan Rates, Closing Costs & Stats

Kerrville, 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.

    Kerrville's 22 lenders originated 74 FHA loans during 2023. The total origination value was $19,930,000, with an average FHA loan value of $269,324.

    Kerrville FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Kerrville averaged 6.35% for the week of 2025-02-14, compared to the national average (all FHA variants) of 6.515% for the same period.

    Kerrville's average FHA mortgage closing costs are $8,711.

    The average rate for the prior week (2025-02-07) was 6.36% and one month ago for the week of 2025-01-10, the average rate was 6.72%.

    The average rate one year ago was 6.45%.

    For refis of the same type during the week of 2025-02-14, the average rate was 6.32%.

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

    Kerrville 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 Kerrville level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    V.I.P. MORTGAGE, INC. 16 6.40% $12,541
    SWBC MORTGAGE CORPORATION 11 6.99% $9,026
    PILGRIM MORTGAGE LLC 8 5.94% $13,599
    PLAZA HOME MORTGAGE, INC. 4 6.41% $11,958
    EAGLE HOME MORTGAGE, LLC 3 4.83% $10,202
    GUILD MORTGAGE COMPANY 3 6.75% $11,749
    QUICKEN LOANS, LLC 3 6.87% $8,856
    UNITED WHOLESALE MORTGAGE, LLC 3 6.05% $11,568
    NEWREZ LLC 2 6.25% $12,865
    CALCON MUTUAL MORTGAGE LLC 2 6.38% $16,645
    Paramount Residential Mortgage Group, Inc. 1 6.38% $20,261
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 6.63% $11,391
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 1 6.88% $10,044
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 6.63% $11,778
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 6.63% $8,617
    CORNERSTONE HOME LENDING, INC. 1 6.13% $11,546
    DIAMOND RESIDENTIAL MORTGAGE CORPORATION 1 7.13% $12,367
    DIRECTIONS EQUITY, LLC 1 6.25% $8,604
    DRAPER AND KRAMER MORTGAGE CORP. 1 7.25% $11,560
    Equity Prime Mortgage LLC 1 6.63% $12,446
    AMCAP MORTGAGE, LTD. 1 6.13% $15,576
    LOANPEOPLE, LLC 1 7.38% $15,405

    The top Kerrville FHA lender as defined by loan originations is V.I.P. MORTGAGE, INC., with 16 FHA loans originated. Their average total fees are $12,541, which is $3,515 higher than the next largest lender, SWBC MORTGAGE CORPORATION.

    The lowest fee Kerrville FHA lenders (with over 10 loans originated) are SWBC MORTGAGE CORPORATION ($9,026), V.I.P. MORTGAGE, INC. ($12,541), .

    The lowest rate Kerrville FHA lenders (with over 10 loans originated) are V.I.P. MORTGAGE, INC. (6.40%), SWBC MORTGAGE CORPORATION (6.99%), .

    Kerrville FHA Loan Limits

    Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
    KERRVILLE, TX KERR 2022 $420,680 $538,650 $651,050 $809,150
    KERRVILLE, TX KERR 2023 $472,030 $604,400 $730,525 $907,900

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Kerrville (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 $402,637 (12.5%) $644,470 (5.4%) 0.00 281
    2018-02-01 $393,725 (14.3%) $632,304 (7.6%) 0.00 275
    2018-03-01 $399,000 (10.9%) $639,529 (9.3%) 0.00 285
    2018-04-01 $399,000 (6.4%) $613,392 (3.3%) 0.00 299
    2018-05-01 $415,200 (10.4%) $621,542 (4.4%) 0.00 302
    2018-06-01 $425,000 (11.9%) $627,370 (4.0%) 0.00 319
    2018-07-01 $422,000 (9.6%) $613,305 (-0.8%) 0.00 338
    2018-08-01 $418,100 (7.7%) $614,550 (1.2%) 0.00 340
    2018-09-01 $404,269 (1.4%) $619,201 (-0.1%) 0.00 338
    2018-10-01 $419,225 (-1.1%) $646,401 (1.1%) 0.00 310
    2018-11-01 $419,225 (1.7%) $634,264 (1.3%) 0.00 303
    2018-12-01 $412,475 (-1.6%) $620,527 (-2.7%) 0.00 305
    2019-01-01 $419,025 (4.1%) $632,490 (-1.9%) 0.00 278
    2019-02-01 $403,688 (2.5%) $652,066 (3.1%) 0.00 284
    2019-03-01 $403,957 (1.2%) $671,893 (5.1%) 0.00 291
    2019-04-01 $404,157 (1.3%) $667,538 (8.8%) 0.00 301
    2019-05-01 $399,900 (-3.7%) $825,525 (32.8%) 0.00 319
    2019-06-01 $416,300 (-2.1%) $892,233 (42.2%) 0.00 329
    2019-07-01 $399,250 (-5.4%) $841,870 (37.3%) 0.00 352
    2019-08-01 $399,000 (-4.6%) $823,350 (34.0%) 0.00 357
    2019-09-01 $399,000 (-1.3%) $817,727 (32.1%) 0.00 347
    2019-10-01 $399,000 (-4.8%) $813,978 (25.9%) 0.00 335
    2019-11-01 $399,700 (-4.7%) $771,974 (21.7%) 0.00 323
    2019-12-01 $451,225 (9.4%) $789,166 (27.2%) 0.00 298
    2020-01-01 $444,900 (6.2%) $698,698 (10.5%) 0.00 274
    2020-02-01 $438,500 (8.6%) $673,241 (3.3%) 0.00 273
    2020-03-01 $439,700 (8.9%) $707,944 (5.4%) 0.00 276
    2020-04-01 $439,900 (8.8%) $731,805 (9.6%) 0.00 276
    2020-05-01 $462,450 (15.6%) $784,612 (-5.0%) 0.00 275
    2020-06-01 $462,450 (11.1%) $777,516 (-12.9%) 0.00 273
    2020-07-01 $444,500 (11.3%) $767,159 (-8.9%) 0.00 277
    2020-08-01 $469,000 (17.5%) $793,404 (-3.6%) 0.00 250
    2020-09-01 $468,500 (17.4%) $789,790 (-3.4%) 0.00 232
    2020-10-01 $439,750 (10.2%) $764,421 (-6.1%) 0.00 235
    2020-11-01 $437,000 (9.3%) $718,811 (-6.9%) 0.00 224
    2020-12-01 $446,475 (-1.1%) $751,120 (-4.8%) 0.00 194
    2021-01-01 $430,500 (-3.2%) $843,215 (20.7%) 0.00 160
    2021-02-01 $454,200 (3.6%) $877,946 (30.4%) 0.00 153
    2021-03-01 $445,950 (1.4%) $897,349 (26.8%) 0.00 145
    2021-04-01 $454,750 (3.4%) $938,430 (28.2%) 0.00 139
    2021-05-01 $490,000 (6.0%) $957,202 (22.0%) 0.00 137
    2021-06-01 $449,250 (-2.9%) $852,212 (9.6%) 0.00 139
    2021-07-01 $465,000 (4.6%) $824,353 (7.5%) 0.00 172
    2021-08-01 $470,763 (0.4%) $813,165 (2.5%) 0.00 181
    2021-09-01 $477,500 (1.9%) $820,004 (3.8%) 0.00 171
    2021-10-01 $495,000 (12.6%) $833,916 (9.1%) 0.00 159
    2021-11-01 $518,475 (18.6%) $915,522 (27.4%) 0.00 164
    2021-12-01 $498,375 (11.6%) $879,383 (17.1%) 0.00 151
    2022-01-01 $510,000 (18.5%) $882,320 (4.6%) 0.00 141
    2022-02-01 $525,000 (15.6%) $938,300 (6.9%) 0.00 125
    2022-03-01 $523,450 (17.4%) $911,869 (1.6%) 0.00 134
    2022-04-01 $535,000 (17.7%) $960,863 (2.4%) 0.00 136
    2022-05-01 $479,500 (-2.1%) $889,350 (-7.1%) 0.00 140
    2022-06-01 $433,250 (-3.6%) $972,314 (14.1%) 0.00 148
    2022-07-01 $499,950 (7.5%) $951,420 (15.4%) 0.00 166
    2022-08-01 $515,469 (9.5%) $935,190 (15.0%) 0.00 200
    2022-09-01 $501,381 (5.0%) $899,394 (9.7%) 0.00 214
    2022-10-01 $497,450 (0.5%) $832,255 (-0.2%) 0.00 232
    2022-11-01 $551,475 (6.4%) $844,864 (-7.7%) 0.00 240
    2022-12-01 $544,900 (9.3%) $814,767 (-7.4%) 0.00 234
    2023-01-01 $543,425 (6.6%) $831,001 (-5.8%) 0.00 213
    2023-02-01 $575,000 (9.5%) $885,792 (-5.6%) 0.00 197
    2023-03-01 $598,000 (14.2%) $916,197 (0.5%) 0.00 196
    2023-04-01 $585,000 (9.4%) $906,409 (-5.7%) 0.00 196
    2023-05-01 $599,000 (24.9%) $932,860 (4.9%) 0.00 210
    2023-06-01 $629,317 (45.3%) $952,717 (-2.0%) 0.00 208
    2023-07-01 $599,000 (19.8%) $921,412 (-3.2%) 0.00 208
    2023-08-01 $599,000 (16.2%) $936,207 (0.1%) 0.00 244
    2023-09-01 $614,000 (22.5%) $940,289 (4.6%) 0.00 253
    2023-10-01 $595,750 (19.8%) $916,417 (10.1%) 0.00 253
    2023-11-01 $588,500 (6.7%) $958,233 (13.4%) 0.00 264
    2023-12-01 $588,000 (7.9%) $961,087 (18.0%) 0.00 274
    2024-01-01 $526,125 (-3.2%) $890,142 (7.1%) 0.00 282
    2024-02-01 $553,433 (-3.8%) $853,585 (-3.6%) 0.00 290
    2024-03-01 $560,000 (-6.4%) $884,529 (-3.5%) 0.00 301
    2024-04-01 $564,750 (-3.5%) $883,230 (-2.6%) 0.00 314
    2024-05-01 $572,665 (-4.4%) $880,697 (-5.6%) 0.00 335
    2024-06-01 $560,000 (-11.0%) $869,662 (-8.7%) 0.00 350
    2024-07-01 $562,000 (-6.2%) $856,527 (-7.0%) 0.00 360
    2024-08-01 $546,865 (-8.7%) $833,741 (-10.9%) 0.00 381
    2024-09-01 $529,500 (-13.8%) $809,906 (-13.9%) 0.00 384
    2024-10-01 $529,500 (-11.1%) $823,805 (-10.1%) 0.00 385
    2024-11-01 $518,500 (-11.9%) $770,753 (-19.6%) 0.00 400
    2024-12-01 $512,750 (-12.8%) $779,478 (-18.9%) 0.00 367
    2025-01-01 $516,500 (-1.8%) $763,588 (-14.2%) 0.00 337
    Kerrville's median listing price for 2025-01-01 was $516,500, a difference of $-9,625 (-1.8%) versus the prior year and $3,750 versus the prior month.

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

    Kerrville's average listing price for 2025-01-01 was $763,588, a difference of $-126,554 (-14.2%) versus the prior year and $-15,890 versus the prior month.

    For the 2025-01-01 period, Kerrville had 337 MLS listings, a difference of -30 listings (-8%) versus the prior month and 55 listings (20%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Kerrville (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 2,533 sqft
    2018-02-01 0 days 2,486 sqft
    2018-03-01 0 days 2,450 sqft
    2018-04-01 0 days 2,451 sqft
    2018-05-01 0 days 2,535 sqft
    2018-06-01 0 days 2,577 sqft
    2018-07-01 0 days 2,599 sqft
    2018-08-01 0 days 2,594 sqft
    2018-09-01 0 days 2,527 sqft
    2018-10-01 0 days 2,550 sqft
    2018-11-01 0 days 2,505 sqft
    2018-12-01 0 days 2,414 sqft
    2019-01-01 0 days 2,490 sqft
    2019-02-01 0 days 2,541 sqft
    2019-03-01 0 days 2,620 sqft
    2019-04-01 0 days 2,630 sqft
    2019-05-01 0 days 2,539 sqft
    2019-06-01 0 days 2,434 sqft
    2019-07-01 0 days 2,376 sqft
    2019-08-01 0 days 2,391 sqft
    2019-09-01 0 days 2,402 sqft
    2019-10-01 0 days 2,413 sqft
    2019-11-01 0 days 2,453 sqft
    2019-12-01 0 days 2,545 sqft
    2020-01-01 0 days 2,530 sqft
    2020-02-01 0 days 2,500 sqft
    2020-03-01 0 days 2,515 sqft
    2020-04-01 0 days 2,482 sqft
    2020-05-01 0 days 2,469 sqft
    2020-06-01 0 days 2,452 sqft
    2020-07-01 0 days 2,400 sqft
    2020-08-01 0 days 2,448 sqft
    2020-09-01 0 days 2,328 sqft
    2020-10-01 0 days 2,295 sqft
    2020-11-01 0 days 2,320 sqft
    2020-12-01 0 days 2,365 sqft
    2021-01-01 0 days 2,334 sqft
    2021-02-01 0 days 2,335 sqft
    2021-03-01 0 days 2,260 sqft
    2021-04-01 0 days 2,360 sqft
    2021-05-01 0 days 2,342 sqft
    2021-06-01 0 days 2,208 sqft
    2021-07-01 0 days 2,061 sqft
    2021-08-01 0 days 2,097 sqft
    2021-09-01 0 days 2,130 sqft
    2021-10-01 0 days 2,085 sqft
    2021-11-01 0 days 2,211 sqft
    2021-12-01 0 days 2,156 sqft
    2022-01-01 0 days 2,157 sqft
    2022-02-01 0 days 2,209 sqft
    2022-03-01 0 days 2,223 sqft
    2022-04-01 0 days 2,236 sqft
    2022-05-01 0 days 2,043 sqft
    2022-06-01 0 days 1,906 sqft
    2022-07-01 0 days 2,016 sqft
    2022-08-01 0 days 2,134 sqft
    2022-09-01 0 days 2,038 sqft
    2022-10-01 0 days 2,027 sqft
    2022-11-01 0 days 2,177 sqft
    2022-12-01 0 days 2,133 sqft
    2023-01-01 0 days 2,136 sqft
    2023-02-01 0 days 2,235 sqft
    2023-03-01 0 days 2,307 sqft
    2023-04-01 0 days 2,292 sqft
    2023-05-01 0 days 2,329 sqft
    2023-06-01 0 days 2,322 sqft
    2023-07-01 0 days 2,249 sqft
    2023-08-01 0 days 2,246 sqft
    2023-09-01 0 days 2,261 sqft
    2023-10-01 0 days 2,198 sqft
    2023-11-01 0 days 2,160 sqft
    2023-12-01 0 days 2,174 sqft
    2024-01-01 0 days 2,114 sqft
    2024-02-01 0 days 2,130 sqft
    2024-03-01 0 days 2,174 sqft
    2024-04-01 0 days 2,144 sqft
    2024-05-01 0 days 2,156 sqft
    2024-06-01 0 days 2,128 sqft
    2024-07-01 0 days 2,138 sqft
    2024-08-01 0 days 2,095 sqft
    2024-09-01 0 days 2,083 sqft
    2024-10-01 0 days 2,084 sqft
    2024-11-01 0 days 2,081 sqft
    2024-12-01 0 days 2,084 sqft
    2025-01-01 0 days 2,060 sqft
    Kerrville's median listing age (time on market) for 2025-01-01 was 0 days.

    Kerrville's median square footage for active listings during the 2025-01-01 period was 2,060 sqft. One year prior, the average listing was 2,114 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).