Killeen FHA Loan Rates, Closing Costs & Stats

KILLEEN-TEMPLE, 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.

Killeen's 131 lenders originated 1,428 FHA loans during 2024. The total origination value was $364,720,000, with an average FHA loan value of $255,406.

Killeen FHA Loans, 30 Year Fixed Rates

30 Year FHA mortgages in Killeen averaged -0.23% for the week of 2025-07-04, compared to the national average (all FHA variants) of 0% for the same period.

Killeen's average FHA mortgage closing costs are $7,505.

The average rate for the prior week (2025-06-27) was 6.05% and one month ago for the week of 2025-05-30, the average rate was 6.53%.

The average rate one year ago was 6.45%.

For refis of the same type during the week of 2025-07-04, the average rate was -0.62%.

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

Killeen 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 Killeen level.

Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 259 6.72% $7,843
DHI MORTGAGE COMPANY, LTD. 233 4.80% $8,598
First National Bank Texas 102 6.09% $11,084
CMG MORTGAGE, INC. 81 6.32% $13,284
UNITED WHOLESALE MORTGAGE, LLC 72 6.01% $12,689
SWBC MORTGAGE CORPORATION 50 6.30% $6,866
Mortgage Research Center, LLC 27 6.22% $6,801
HOMESIDE FINANCIAL, LLC 21 6.41% $13,052
Wolfe Financial, Inc 19 6.69% $11,310
ARK-LA-TEX FINANCIAL SERVICES, LLC. 19 6.30% $7,512
QUICKEN LOANS, LLC 18 6.42% $10,100
FIRST CONTINENTAL MORTGAGE, LTD. 17 5.10% $5,400
GUILD MORTGAGE COMPANY 17 6.37% $10,352
PLAZA HOME MORTGAGE, INC. 16 6.54% $10,840
FREEDOM MORTGAGE CORPORATION 14 6.03% $13,240
CROSSCOUNTRY MORTGAGE, LLC 13 6.99% $12,107
BancorpSouth 12 6.14% $10,497
BROKER SOLUTIONS, INC. 12 6.79% $11,006
CARDINAL FINANCIAL 12 6.33% $14,458
SeaTrust Mortgage Company 10 6.41% $12,934
Flagstar Bank, FSB 9 6.06% $10,088
KBHS HOME LOANS, LLC 9 6.02% $8,777
Gateway First Bank 8 6.64% $13,371
UNIVERSITY Federal Credit Union 8 6.02% $10,846
PENNYMAC LOAN SERVICES, LLC 8 6.00% $10,368
NEWREZ LLC 8 6.42% $7,187
Network Funding, L.P. 8 6.39% $14,469
Equity Prime Mortgage LLC 8 7.28% $11,229
SECURITYNATIONAL MORTGAGE COMPANY 7 6.79% $14,035
SENTE MORTGAGE, INC. 7 6.84% $10,727
MUTUAL OF OMAHA MORTGAGE, INC. 7 6.73% $9,665
Wallick & Volk, Inc. 6 6.19% $7,147
AMERICAN PACIFIC MORTGAGE CORPORATION 6 6.42% $16,559
NATIONS RELIABLE LENDING, LLC 6 6.72% $12,394
GARDNER FINANCIAL SERVICES, LTD. 6 6.54% $10,977
MORTGAGE SOLUTIONS OF COLORADO, LLC 6 7.27% $8,793
LAKEVIEW LOAN SERVICING, LLC 6 6.46% $7,965
Lakeview Community Capital, LLC 6 6.33% $8,039
AMERICAN PORTFOLIO MORTGAGE CORPORATION 6 6.88% $7,270
Plains Commerce Bank 6 6.54% $11,834
MOVEMENT MORTGAGE, LLC 5 6.12% $12,321
EVERETT FINANCIAL, INC. 5 6.40% $12,139
Paramount Residential Mortgage Group, Inc. 4 5.91% $11,621
SUMMIT FUNDING, INC. 4 6.28% $12,017
AMERICAN FINANCIAL NETWORK, INC. 4 6.44% $12,256
First United Bank and Trust Company 4 6.09% $15,735
Extraco Banks 4 6.19% $9,367
CORNERSTONE HOME LENDING, INC. 4 6.25% $11,441
INTERLINC MORTGAGE SERVICES, LLC 4 4.99% $10,759
SOUTHWEST FUNDING, LP 4 6.78% $11,542
ZILLOW HOME LOANS, LLC 3 6.29% $11,539
BOKF 3 6.75% $13,789
Century Mortgage Company DBA Century Lending Company 3 5.92% $16,699
CHURCHILL MORTGAGE CORPORATION 3 6.92% $13,268
ENVOY MORTGAGE, LTD 3 6.50% $11,889
GENEVA FINANCIAL, LLC 3 6.50% $12,673
GUARANTEED RATE, INC. 3 5.68% $10,500
JPMorgan Chase Bank 3 6.46% $8,220
MLD MORTGAGE INC. 3 6.79% $9,238
MORTGAGE FINANCIAL SERVICES, LLC 3 7.25% $12,726
Mr. Cooper ( Nationstar Mortgage ) 3 6.75% $7,685
PLANET HOME LENDING, LLC 3 6.25% $6,762
V.I.P. MORTGAGE, INC. 3 6.50% $13,429
FBC MORTGAGE, LLC 2 5.88% $14,014
DEVELOPER'S MORTGAGE COMPANY 2 7.00% $8,296
DAS Acquisition Company, LLC 2 6.44% $12,175
SUN WEST MORTGAGE COMPANY, INC. 2 6.50% $11,001
LOANDEPOT.COM, LLC 2 6.50% $9,056
LOANPEOPLE, LLC 2 6.44% $12,214
PULTE MORTGAGE LLC 2 4.13% $5,820
LAND HOME FINANCIAL SERVICES, INC. 2 6.56% $12,889
COUNTRYPLACE MORTGAGE, LTD. 2 4.75% $10,755
Cornerstone First Mortgage, Inc 2 6.06% $13,838
PENTAGON FEDERAL CREDIT UNION 2 5.88% $8,628
S1L, Inc. 2 6.88% $13,767
CANOPY MORTGAGE, LLC 2 7.06% $11,592
PILGRIM MORTGAGE LLC 2 6.94% $9,845
VILLAGE CAPITAL MORTGAGE 2 6.81% $7,581
Waterstone Mortgage Corporation 2 6.88% $13,008
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 2 6.44% $11,747
Hometown Equity Mortgage, LLC 2 6.75% $8,510
SFMC, LP 2 6.69% $11,491
GUARANTEED RATE AFFINITY, LLC 2 6.63% $9,576
First Bank 2 6.25% $18,373
PRIMARY RESIDENTIAL MORTGAGE, INC. 1 7.13% $10,798
PRIMELENDING, A PLAINSCAPITAL COMPANY 1 7.00% $15,083
Prosperity Bank 1 5.50% $17,334
CASTLE & COOKE MORTGAGE, LLC 1 7.25% $10,874
RB MORTGAGE LLC 1 6.50% $5,066
Republic State Mortgage Co. 1 6.25% $11,846
RESIDENTIAL WHOLESALE MORTGAGE, INC. 1 6.99% $7,189
BETTER MORTGAGE CORPORATION 1 5.00% $13,041
BAY EQUITY LLC 1 6.25% $6,786
Sierra Pacific Mortgage Company, Inc. 1 5.99% $14,317
Barrington Bank & Trust Company, N.A. 1 5.75% $10,212
Bank of America 1 7.00% $9,843
Sunflower Bank 1 7.13% $14,452
AmeriHome Mortgage Company, LLC 1 6.50% $10,328
T2 FINANCIAL LLC 1 7.38% $9,187
Texas Mortgage Lending, LLC 1 6.13% $8,392
TEXAS TECH 1 6.25% $9,210
The Central Trust Bank 1 6.25% $12,068
TOWNE MORTGAGE COMPANY 1 6.75% $13,539
Trinity Oaks Mortgage, LLC 1 5.63% $17,434
UNION HOME MORTGAGE CORP. 1 6.63% $14,418
AMERICAN FINANCIAL RESOURCES, INC. 1 6.75% $15,500
ALTRA 1 5.75% $7,782
HOMEBRIDGE FINANCIAL SERVICES, INC. 1 6.75% $18,107
INTERCAP LENDING INC. 1 5.50% $15,388
GSF Mortgage Corporation 1 6.00% $9,488
A+ Federal Credit Union 1 6.50% $10,328
First Financial Bank 1 6.50% $13,590
FIRST COMMUNITY MORTGAGE, INC. 1 6.75% $10,147
LEGEND LENDING CORPORATION 1 6.63% $10,903
Loan Simple, Inc. 1 6.13% $14,758
Merchants Bank of Indiana 1 6.50% $13,318
MID AMERICA MORTGAGE, INC. 1 6.63% $14,529
Alcova Mortgage LLC 1 5.25% $9,264
Encompass Lending Group, LP 1 6.75% $9,920
Wells Fargo Bank 1 5.63% $11,990
East Coast Capital Corp. 1 6.75% $18,269
EAGLE HOME MORTGAGE, LLC 1 4.75% $10,398
NBH Bank 1 7.63% $10,206
NBKC BANK 1 5.49% $12,992
NFM, INC. 1 5.63% $19,183
NP, Inc. 1 6.75% $7,885
PANORAMA MORTGAGE GROUP, LLC 1 7.38% $12,747
COMPASS MORTGAGE, INC. 1 6.75% $15,011
Affiliated Bank 1 7.00% $14,542
CITY FIRST MORTGAGE SERVICES, L.L.C. 1 6.50% $11,010
PREMIA MORTGAGE, LLC 1 5.63% $8,658

The top Killeen FHA lender as defined by loan originations is FAIRWAY INDEPENDENT MORTGAGE CORPORATION, with 259 FHA loans originated. Their average total fees are $7,843, which is $755 lower than the next largest lender, DHI MORTGAGE COMPANY, LTD..

The lowest fee Killeen FHA lenders (with over 10 loans originated) are FIRST CONTINENTAL MORTGAGE, LTD. ($5,400), Mortgage Research Center, LLC ($6,801), SWBC MORTGAGE CORPORATION ($6,866), ARK-LA-TEX FINANCIAL SERVICES, LLC. ($7,512) and FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($7,843).

The lowest rate Killeen FHA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (4.80%), FIRST CONTINENTAL MORTGAGE, LTD. (5.10%), UNITED WHOLESALE MORTGAGE, LLC (6.01%), FREEDOM MORTGAGE CORPORATION (6.03%) and First National Bank Texas (6.09%).

Killeen FHA Loan Limits

Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
KILLEEN-TEMPLE, TX BELL 2022 $420,680 $538,650 $651,050 $809,150
KILLEEN-TEMPLE, TX CORYELL 2022 $420,680 $538,650 $651,050 $809,150
KILLEEN-TEMPLE, TX LAMPASAS 2022 $420,680 $538,650 $651,050 $809,150
KILLEEN-TEMPLE, TX BELL 2023 $472,030 $604,400 $730,525 $907,900
KILLEEN-TEMPLE, TX CORYELL 2023 $472,030 $604,400 $730,525 $907,900
KILLEEN-TEMPLE, TX LAMPASAS 2023 $472,030 $604,400 $730,525 $907,900

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).