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).