Kingsville FHA Loan Rates, Closing Costs & Stats

Kingsville, 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.

    Kingsville's 25 lenders originated 60 FHA loans during 2023. The total origination value was $15,210,000, with an average FHA loan value of $253,500.

    Kingsville FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Kingsville averaged -0.06% for the week of 2024-11-15, compared to the national average (all FHA variants) of 0% for the same period.

    Kingsville's average FHA mortgage closing costs are $7,865.

    The average rate for the prior week (2024-11-08) was 6.45% and one month ago for the week of 2024-10-11, the average rate was 6.15%.

    The average rate one year ago was 7.6%.

    For refis of the same type during the week of 2024-11-15, the average rate was 0%.

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

    Kingsville 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 Kingsville level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    UNITED WHOLESALE MORTGAGE, LLC 5 6.60% $7,977
    QUICKEN LOANS, LLC 5 6.50% $9,459
    GUILD MORTGAGE COMPANY 5 6.83% $8,742
    GARDNER FINANCIAL SERVICES, LTD. 4 7.09% $8,982
    AMCAP MORTGAGE, LTD. 3 6.71% $15,007
    UNION HOME MORTGAGE CORP. 3 7.21% $11,668
    CROSSCOUNTRY MORTGAGE, LLC 3 6.79% $10,065
    PRIMARY RESIDENTIAL MORTGAGE, INC. 2 6.56% $8,571
    EVERETT FINANCIAL, INC. 2 7.38% $7,291
    BROKER SOLUTIONS, INC. 2 6.19% $9,534
    Gateway First Bank 2 6.81% $7,085
    SUCCESS MORTGAGE PARTNERS, INC. 1 5.88% $7,807
    THRIVE MORTGAGE, LLC 1 5.75% $10,572
    WILLOW BEND MORTGAGE COMPANY, LLC 1 7.25% $13,176
    ZILLOW HOME LOANS, LLC 1 6.75% $8,857
    FIRST COMMUNITY MORTGAGE, INC. 1 6.63% $8,858
    GENEVA FINANCIAL, LLC 1 7.63% $10,509
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 6.99% $13,086
    Ixonia Bank 1 8.13% $11,675
    MEMBER FIRST MORTGAGE, LLC 1 6.13% $7,111
    Mid-Continent Funding, Inc. 1 5.75% $17,418
    Paramount Residential Mortgage Group, Inc. 1 6.13% $13,625
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 7.25% $22,150
    RESIDENTIAL BANCORP 1 7.38% $9,386
    SFMC, LP 1 7.62% $9,070

    The top Kingsville FHA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 5 FHA loans originated. Their average total fees are $7,977, which is $1,482 lower than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Kingsville FHA lenders (with over 10 loans originated) are .

    The lowest rate Kingsville FHA lenders (with over 10 loans originated) are .

    Kingsville FHA Loan Limits

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

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Kingsville (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 $126,150 (-10.0%) $219,331 (19.7%) 0.00 95
    2018-02-01 $125,250 (-15.2%) $217,904 (7.0%) 0.00 87
    2018-03-01 $142,500 (2.4%) $213,391 (0.3%) 0.00 88
    2018-04-01 $157,450 (21.2%) $221,687 (7.1%) 0.00 88
    2018-05-01 $148,450 (14.3%) $200,903 (-5.6%) 0.00 84
    2018-06-01 $147,000 (11.0%) $201,497 (1.2%) 0.00 90
    2018-07-01 $139,950 (-1.8%) $202,979 (7.6%) 0.00 96
    2018-08-01 $153,450 (10.4%) $205,577 (-3.1%) 0.00 95
    2018-09-01 $154,900 (18.6%) $209,549 (-6.4%) 0.00 95
    2018-10-01 $152,450 (13.0%) $197,044 (-9.3%) 0.00 95
    2018-11-01 $155,000 (13.8%) $196,397 (-11.9%) 0.00 93
    2018-12-01 $155,500 (13.1%) $195,368 (-13.2%) 0.00 98
    2019-01-01 $155,375 (23.2%) $197,800 (-9.8%) 0.00 94
    2019-02-01 $137,800 (10.0%) $194,454 (-10.8%) 0.00 85
    2019-03-01 $128,071 (-10.1%) $192,401 (-9.8%) 0.00 80
    2019-04-01 $121,950 (-22.6%) $184,948 (-16.6%) 0.00 73
    2019-05-01 $117,500 (-20.9%) $184,141 (-8.3%) 0.00 64
    2019-06-01 $158,500 (7.8%) $212,496 (5.5%) 0.00 63
    2019-07-01 $160,125 (14.4%) $214,801 (5.8%) 0.00 58
    2019-08-01 $155,609 (1.4%) $211,185 (2.7%) 0.00 58
    2019-09-01 $151,273 (-2.3%) $206,787 (-1.3%) 0.00 59
    2019-10-01 $148,382 (-2.7%) $203,856 (3.5%) 0.00 59
    2019-11-01 $154,500 (-0.3%) $214,858 (9.4%) 0.00 59
    2019-12-01 $145,425 (-6.5%) $197,638 (1.2%) 0.00 67
    2020-01-01 $157,200 (1.2%) $208,881 (5.6%) 0.00 63
    2020-02-01 $174,900 (26.9%) $230,344 (18.5%) 0.00 63
    2020-03-01 $170,850 (33.4%) $225,096 (17.0%) 0.00 64
    2020-04-01 $152,400 (25.0%) $231,101 (25.0%) 0.00 63
    2020-05-01 $169,900 (44.6%) $235,660 (28.0%) 0.00 60
    2020-06-01 $180,550 (13.9%) $267,621 (25.9%) 0.00 34
    2020-07-01 $177,900 (11.1%) $259,391 (20.8%) 0.00 31
    2020-08-01 $170,000 (9.3%) $245,105 (16.1%) 0.00 32
    2020-09-01 $164,250 (8.6%) $240,487 (16.3%) 0.00 32
    2020-10-01 $169,900 (14.5%) $229,371 (12.5%) 0.00 40
    2020-11-01 $172,925 (11.9%) $236,840 (10.2%) 0.00 48
    2020-12-01 $174,250 (19.8%) $232,244 (17.5%) 0.00 52
    2021-01-01 $174,000 (10.7%) $243,511 (16.6%) 0.00 48
    2021-02-01 $170,300 (-2.6%) $254,816 (10.6%) 0.00 48
    2021-03-01 $179,750 (5.2%) $271,203 (20.5%) 0.00 48
    2021-04-01 $187,450 (23.0%) $272,433 (17.9%) 0.00 44
    2021-05-01 $192,500 (13.3%) $260,657 (10.6%) 0.00 35
    2021-06-01 $213,500 (18.3%) $298,582 (11.6%) 0.00 40
    2021-07-01 $188,750 (6.1%) $292,624 (12.8%) 0.00 45
    2021-08-01 $171,000 (0.6%) $281,752 (15.0%) 0.00 45
    2021-09-01 $187,250 (14.0%) $308,777 (28.4%) 0.00 44
    2021-10-01 $161,500 (-4.9%) $295,898 (29.0%) 0.00 46
    2021-11-01 $184,450 (6.7%) $304,599 (28.6%) 0.00 47
    2021-12-01 $163,500 (-6.2%) $272,973 (17.5%) 0.00 44
    2022-01-01 $171,450 (-1.5%) $284,752 (16.9%) 0.00 36
    2022-02-01 $157,450 (-7.6%) $269,878 (5.9%) 0.00 30
    2022-03-01 $186,975 (4.0%) $244,869 (-9.7%) 0.00 35
    2022-04-01 $189,000 (0.8%) $257,373 (-5.5%) 0.00 36
    2022-05-01 $188,475 (-2.1%) $244,752 (-6.1%) 0.00 39
    2022-06-01 $216,225 (1.3%) $280,648 (-6.0%) 0.00 51
    2022-07-01 $224,999 (19.2%) $284,497 (-2.8%) 0.00 60
    2022-08-01 $206,500 (20.8%) $291,597 (3.5%) 0.00 58
    2022-09-01 $202,000 (7.9%) $298,134 (-3.5%) 0.00 47
    2022-10-01 $190,000 (17.7%) $276,994 (-6.4%) 0.00 59
    2022-11-01 $174,825 (-5.2%) $248,416 (-18.4%) 0.00 67
    2022-12-01 $174,950 (7.0%) $254,104 (-6.9%) 0.00 64
    2023-01-01 $183,725 (7.2%) $221,471 (-22.2%) 0.00 65
    2023-02-01 $184,950 (17.5%) $231,399 (-14.3%) 0.00 61
    2023-03-01 $186,225 (-0.4%) $231,650 (-5.4%) 0.00 59
    2023-04-01 $165,000 (-12.7%) $235,976 (-8.3%) 0.00 59
    2023-05-01 $205,550 (9.1%) $248,170 (1.4%) 0.00 66
    2023-06-01 $242,250 (12.0%) $264,968 (-5.6%) 0.00 73
    2023-07-01 $238,000 (5.8%) $270,053 (-5.1%) 0.00 67
    2023-08-01 $256,975 (24.4%) $285,861 (-2.0%) 0.00 68
    2023-09-01 $249,500 (23.5%) $272,924 (-8.5%) 0.00 72
    2023-10-01 $207,200 (9.1%) $238,969 (-13.7%) 0.00 73
    2023-11-01 $204,250 (16.8%) $241,863 (-2.6%) 0.00 71
    2023-12-01 $185,000 (5.7%) $220,335 (-13.3%) 0.00 72
    2024-01-01 $182,625 (-0.6%) $212,331 (-4.1%) 0.00 61
    2024-02-01 $169,000 (-8.6%) $216,258 (-6.5%) 0.00 52
    2024-03-01 $191,250 (2.7%) $225,843 (-2.5%) 0.00 53
    2024-04-01 $197,150 (19.5%) $242,366 (2.7%) 0.00 64
    2024-05-01 $206,500 (0.5%) $251,769 (1.5%) 0.00 69
    2024-06-01 $189,900 (-21.6%) $243,796 (-8.0%) 0.00 76
    2024-07-01 $201,500 (-15.3%) $245,594 (-9.1%) 0.00 75
    2024-08-01 $203,000 (-21.0%) $259,134 (-9.4%) 0.00 78
    2024-09-01 $218,475 (-12.4%) $274,358 (0.5%) 0.00 75
    2024-10-01 $218,450 (5.4%) $255,505 (6.9%) 0.00 75
    Kingsville's median listing price for 2024-10-01 was $218,450, a difference of $11,250 (5.4%) versus the prior year and $-25 versus the prior month.

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

    Kingsville's average listing price for 2024-10-01 was $255,505, a difference of $16,536 (6.9%) versus the prior year and $-18,853 versus the prior month.

    For the 2024-10-01 period, Kingsville had 75 MLS listings, a difference of 0 listings (0%) versus the prior month and 2 listings (3%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Kingsville (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,625 sqft
    2018-02-01 0 days 1,623 sqft
    2018-03-01 0 days 1,733 sqft
    2018-04-01 0 days 1,763 sqft
    2018-05-01 0 days 1,766 sqft
    2018-06-01 0 days 1,803 sqft
    2018-07-01 0 days 1,802 sqft
    2018-08-01 0 days 1,759 sqft
    2018-09-01 0 days 1,746 sqft
    2018-10-01 0 days 1,732 sqft
    2018-11-01 0 days 1,701 sqft
    2018-12-01 0 days 1,684 sqft
    2019-01-01 0 days 1,693 sqft
    2019-02-01 0 days 1,633 sqft
    2019-03-01 0 days 1,693 sqft
    2019-04-01 0 days 1,696 sqft
    2019-05-01 0 days 1,572 sqft
    2019-06-01 0 days 1,768 sqft
    2019-07-01 0 days 1,800 sqft
    2019-08-01 0 days 1,727 sqft
    2019-09-01 0 days 1,605 sqft
    2019-10-01 0 days 1,524 sqft
    2019-11-01 0 days 1,575 sqft
    2019-12-01 0 days 1,501 sqft
    2020-01-01 0 days 1,569 sqft
    2020-02-01 0 days 1,688 sqft
    2020-03-01 0 days 1,726 sqft
    2020-04-01 0 days 1,613 sqft
    2020-05-01 0 days 1,619 sqft
    2020-06-01 0 days 1,738 sqft
    2020-07-01 0 days 1,722 sqft
    2020-08-01 0 days 1,728 sqft
    2020-09-01 0 days 1,584 sqft
    2020-10-01 0 days 1,595 sqft
    2020-11-01 0 days 1,645 sqft
    2020-12-01 0 days 1,608 sqft
    2021-01-01 0 days 1,579 sqft
    2021-02-01 0 days 1,571 sqft
    2021-03-01 0 days 1,656 sqft
    2021-04-01 0 days 1,618 sqft
    2021-05-01 0 days 1,701 sqft
    2021-06-01 0 days 1,723 sqft
    2021-07-01 0 days 1,560 sqft
    2021-08-01 0 days 1,640 sqft
    2021-09-01 0 days 1,544 sqft
    2021-10-01 0 days 1,585 sqft
    2021-11-01 0 days 1,771 sqft
    2021-12-01 0 days 1,539 sqft
    2022-01-01 0 days 1,440 sqft
    2022-02-01 0 days 1,508 sqft
    2022-03-01 0 days 1,589 sqft
    2022-04-01 0 days 1,670 sqft
    2022-05-01 0 days 1,602 sqft
    2022-06-01 0 days 1,659 sqft
    2022-07-01 0 days 1,688 sqft
    2022-08-01 0 days 1,693 sqft
    2022-09-01 0 days 1,723 sqft
    2022-10-01 0 days 1,718 sqft
    2022-11-01 0 days 1,691 sqft
    2022-12-01 0 days 1,687 sqft
    2023-01-01 0 days 1,713 sqft
    2023-02-01 0 days 1,684 sqft
    2023-03-01 0 days 1,648 sqft
    2023-04-01 0 days 1,609 sqft
    2023-05-01 0 days 1,631 sqft
    2023-06-01 0 days 1,701 sqft
    2023-07-01 0 days 1,695 sqft
    2023-08-01 0 days 1,708 sqft
    2023-09-01 0 days 1,663 sqft
    2023-10-01 0 days 1,601 sqft
    2023-11-01 0 days 1,585 sqft
    2023-12-01 0 days 1,505 sqft
    2024-01-01 0 days 1,458 sqft
    2024-02-01 0 days 1,449 sqft
    2024-03-01 0 days 1,523 sqft
    2024-04-01 0 days 1,566 sqft
    2024-05-01 0 days 1,600 sqft
    2024-06-01 0 days 1,636 sqft
    2024-07-01 0 days 1,612 sqft
    2024-08-01 0 days 1,605 sqft
    2024-09-01 0 days 1,590 sqft
    2024-10-01 0 days 1,605 sqft
    Kingsville's median listing age (time on market) for 2024-10-01 was 0 days.

    Kingsville's median square footage for active listings during the 2024-10-01 period was 1,605 sqft. One year prior, the average listing was 1,601 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).