Lufkin FHA Loan Rates, Closing Costs & Stats

Lufkin, 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.

    Lufkin's 42 lenders originated 133 FHA loans during 2023. The total origination value was $28,185,000, with an average FHA loan value of $211,917.

    Lufkin FHA Loans, 30 Year Fixed Rates

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

    Lufkin's average FHA mortgage closing costs are $8,020.

    The average rate for the prior week (2024-11-08) was 6.47% and one month ago for the week of 2024-10-11, the average rate was 6.47%.

    The average rate one year ago was 7.41%.

    For refis of the same type during the week of 2024-11-15, the average rate was 0.1%.

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

    Lufkin 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 Lufkin level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    AMCAP MORTGAGE, LTD. 17 6.87% $9,709
    UNITED WHOLESALE MORTGAGE, LLC 12 6.65% $10,526
    EUSTIS AND AMERICAN MORTGAGE COMPANY 8 6.72% $10,501
    Flagstar Bank, FSB 7 6.29% $11,333
    CARDINAL FINANCIAL 7 6.59% $15,123
    Commercial Bank of Texas 7 6.64% $8,388
    Regions Bank 5 5.90% $12,469
    NTFN, INC. 4 7.22% $11,987
    Cornerstone First Mortgage, Inc 3 6.75% $8,188
    QUICKEN LOANS, LLC 3 6.33% $11,586
    Carrington Mortgage Services, LLC 2 6.88% $16,775
    Waterstone Mortgage Corporation 2 7.06% $10,092
    Bank of England 2 6.00% $11,406
    CMG MORTGAGE, INC. 2 7.25% $8,467
    AMERICAN FINANCIAL RESOURCES, INC. 2 6.75% $8,951
    PLAZA HOME MORTGAGE, INC. 2 7.19% $7,964
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 2 7.44% $8,969
    Southside Bank 2 7.06% $6,991
    BancorpSouth 2 6.56% $5,776
    The Federal Savings Bank 2 6.75% $9,700
    GUILD MORTGAGE COMPANY 2 6.63% $19,236
    MUTUAL OF OMAHA MORTGAGE, INC. 1 6.25% $9,731
    BECKAM FUNDING CORP. 1 7.75% $14,855
    BROKER SOLUTIONS, INC. 1 7.50% $9,747
    CALIBER HOME LOANS, INC. 1 5.50% $13,940
    CHURCHILL MORTGAGE CORPORATION 1 7.25% $14,509
    Colonial Savings, F.A. 1 6.50% $8,046
    EVERETT FINANCIAL, INC. 1 7.25% $10,898
    First National Bank Texas 1 6.13% $13,694
    GUARANTEED RATE, INC. 1 7.00% $13,348
    HALLMARK HOME MORTGAGE, LLC 1 7.25% $10,978
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 1 7.13% $9,977
    LOANDEPOT.COM, LLC 1 7.88% $7,729
    MID AMERICA MORTGAGE, INC. 1 8.25% $7,915
    MORTGAGE ACCESS CORP. 1 6.75% $16,370
    OPEN MORTGAGE, LLC 1 6.75% $8,422
    PENTAGON FEDERAL CREDIT UNION 1 6.50% $4,531
    PNC Bank 1 7.13% $4,794
    T2 FINANCIAL LLC 1 6.75% $17,921
    THE MORTGAGE FIRM, INC. 1 6.38% $6,616
    TOWNE MORTGAGE COMPANY 1 6.99% $12,264
    VAN DYK MORTGAGE CORPORATION 1 7.50% $11,054

    The top Lufkin FHA lender as defined by loan originations is AMCAP MORTGAGE, LTD., with 17 FHA loans originated. Their average total fees are $9,709, which is $818 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee Lufkin FHA lenders (with over 10 loans originated) are AMCAP MORTGAGE, LTD. ($9,709), UNITED WHOLESALE MORTGAGE, LLC ($10,526), .

    The lowest rate Lufkin FHA lenders (with over 10 loans originated) are UNITED WHOLESALE MORTGAGE, LLC (6.65%), AMCAP MORTGAGE, LTD. (6.87%), .

    Lufkin FHA Loan Limits

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

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Lufkin (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 $177,450 (11.0%) $246,098 (10.3%) 0.00 276
    2018-02-01 $173,350 (8.9%) $242,755 (5.4%) 0.00 276
    2018-03-01 $179,900 (12.1%) $245,070 (4.5%) 0.00 258
    2018-04-01 $189,175 (18.3%) $251,627 (9.5%) 0.00 251
    2018-05-01 $194,405 (18.5%) $259,430 (13.4%) 0.00 251
    2018-06-01 $210,000 (29.3%) $267,288 (16.3%) 0.00 260
    2018-07-01 $202,450 (19.9%) $266,836 (13.5%) 0.00 271
    2018-08-01 $212,200 (21.9%) $268,625 (6.8%) 0.00 261
    2018-09-01 $219,900 (22.5%) $274,485 (9.1%) 0.00 250
    2018-10-01 $226,225 (29.3%) $282,344 (18.8%) 0.00 240
    2018-11-01 $219,450 (29.2%) $277,801 (17.1%) 0.00 238
    2018-12-01 $194,900 (14.7%) $264,297 (8.6%) 0.00 265
    2019-01-01 $191,950 (8.2%) $254,379 (3.4%) 0.00 260
    2019-02-01 $175,980 (1.5%) $239,172 (-1.5%) 0.00 263
    2019-03-01 $186,385 (3.6%) $244,782 (-0.1%) 0.00 244
    2019-04-01 $200,325 (5.9%) $252,909 (0.5%) 0.00 223
    2019-05-01 $215,000 (10.6%) $257,736 (-0.7%) 0.00 227
    2019-06-01 $214,900 (2.3%) $266,881 (-0.2%) 0.00 242
    2019-07-01 $213,605 (5.5%) $271,746 (1.8%) 0.00 232
    2019-08-01 $215,102 (1.4%) $275,312 (2.5%) 0.00 229
    2019-09-01 $215,256 (-2.1%) $275,617 (0.4%) 0.00 232
    2019-10-01 $219,688 (-2.9%) $275,821 (-2.3%) 0.00 227
    2019-11-01 $225,000 (2.5%) $284,186 (2.3%) 0.00 212
    2019-12-01 $224,000 (14.9%) $276,538 (4.6%) 0.00 206
    2020-01-01 $212,450 (10.7%) $272,798 (7.2%) 0.00 197
    2020-02-01 $199,900 (13.6%) $265,236 (10.9%) 0.00 219
    2020-03-01 $215,000 (15.4%) $271,006 (10.7%) 0.00 222
    2020-04-01 $227,500 (13.6%) $270,036 (6.8%) 0.00 226
    2020-05-01 $225,000 (4.7%) $277,302 (7.6%) 0.00 219
    2020-06-01 $235,425 (9.6%) $282,298 (5.8%) 0.00 206
    2020-07-01 $244,336 (14.4%) $286,873 (5.6%) 0.00 197
    2020-08-01 $238,750 (11.0%) $278,701 (1.2%) 0.00 168
    2020-09-01 $224,500 (4.3%) $273,790 (-0.7%) 0.00 150
    2020-10-01 $245,000 (11.5%) $299,980 (8.8%) 0.00 136
    2020-11-01 $254,725 (13.2%) $300,415 (5.7%) 0.00 125
    2020-12-01 $245,000 (9.4%) $294,998 (6.7%) 0.00 131
    2021-01-01 $233,000 (9.7%) $281,740 (3.3%) 0.00 126
    2021-02-01 $217,500 (8.8%) $264,162 (-0.4%) 0.00 126
    2021-03-01 $219,925 (2.3%) $274,407 (1.3%) 0.00 111
    2021-04-01 $216,200 (-5.0%) $286,977 (6.3%) 0.00 101
    2021-05-01 $259,450 (15.3%) $313,028 (12.9%) 0.00 91
    2021-06-01 $278,250 (18.2%) $314,968 (11.6%) 0.00 85
    2021-07-01 $229,950 (-5.9%) $303,284 (5.7%) 0.00 118
    2021-08-01 $247,000 (3.5%) $363,411 (30.4%) 0.00 122
    2021-09-01 $241,725 (7.7%) $363,336 (32.7%) 0.00 127
    2021-10-01 $253,700 (3.6%) $386,289 (28.8%) 0.00 122
    2021-11-01 $276,925 (8.7%) $401,559 (33.7%) 0.00 121
    2021-12-01 $271,892 (11.0%) $395,753 (34.2%) 0.00 106
    2022-01-01 $269,000 (15.5%) $403,094 (43.1%) 0.00 93
    2022-02-01 $278,375 (28.0%) $333,312 (26.2%) 0.00 90
    2022-03-01 $279,950 (27.3%) $314,822 (14.7%) 0.00 97
    2022-04-01 $308,000 (42.5%) $322,837 (12.5%) 0.00 101
    2022-05-01 $280,000 (7.9%) $332,787 (6.3%) 0.00 132
    2022-06-01 $272,475 (-2.1%) $304,736 (-3.3%) 0.00 142
    2022-07-01 $262,450 (14.1%) $303,714 (0.1%) 0.00 153
    2022-08-01 $273,175 (10.6%) $350,021 (-3.7%) 0.00 154
    2022-09-01 $291,000 (20.4%) $373,287 (2.7%) 0.00 163
    2022-10-01 $293,700 (15.8%) $361,614 (-6.4%) 0.00 190
    2022-11-01 $293,750 (6.1%) $384,904 (-4.2%) 0.00 202
    2022-12-01 $289,900 (6.6%) $377,479 (-4.6%) 0.00 209
    2023-01-01 $280,500 (4.3%) $365,750 (-9.3%) 0.00 202
    2023-02-01 $276,500 (-0.7%) $361,839 (8.6%) 0.00 192
    2023-03-01 $275,000 (-1.8%) $370,218 (17.6%) 0.00 189
    2023-04-01 $287,500 (-6.7%) $381,109 (18.1%) 0.00 182
    2023-05-01 $288,250 (3.0%) $364,153 (9.4%) 0.00 181
    2023-06-01 $279,000 (2.4%) $344,894 (13.2%) 0.00 194
    2023-07-01 $279,000 (6.3%) $343,321 (13.0%) 0.00 202
    2023-08-01 $275,375 (0.8%) $336,171 (-4.0%) 0.00 213
    2023-09-01 $279,000 (-4.1%) $342,045 (-8.4%) 0.00 218
    2023-10-01 $279,700 (-4.8%) $335,085 (-7.3%) 0.00 238
    2023-11-01 $272,200 (-7.3%) $324,353 (-15.7%) 0.00 246
    2023-12-01 $282,450 (-2.6%) $321,805 (-14.8%) 0.00 250
    2024-01-01 $282,500 (0.7%) $320,597 (-12.4%) 0.00 250
    2024-02-01 $289,900 (4.9%) $329,374 (-9.0%) 0.00 254
    2024-03-01 $291,250 (5.9%) $330,344 (-10.8%) 0.00 260
    2024-04-01 $285,000 (-0.9%) $330,889 (-13.2%) 0.00 269
    2024-05-01 $285,000 (-1.1%) $328,875 (-9.7%) 0.00 277
    2024-06-01 $289,500 (3.8%) $328,992 (-4.6%) 0.00 289
    2024-07-01 $292,500 (4.8%) $335,665 (-2.2%) 0.00 305
    2024-08-01 $295,450 (7.3%) $352,937 (5.0%) 0.00 280
    2024-09-01 $290,000 (3.9%) $362,694 (6.0%) 0.00 272
    2024-10-01 $289,000 (3.3%) $359,975 (7.4%) 0.00 286
    Lufkin's median listing price for 2024-10-01 was $289,000, a difference of $9,300 (3.3%) versus the prior year and $-1,000 versus the prior month.

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

    Lufkin's average listing price for 2024-10-01 was $359,975, a difference of $24,890 (7.4%) versus the prior year and $-2,719 versus the prior month.

    For the 2024-10-01 period, Lufkin had 286 MLS listings, a difference of 14 listings (5%) versus the prior month and 48 listings (20%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Lufkin (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,988 sqft
    2018-02-01 0 days 1,962 sqft
    2018-03-01 0 days 1,978 sqft
    2018-04-01 0 days 2,032 sqft
    2018-05-01 0 days 2,088 sqft
    2018-06-01 0 days 2,092 sqft
    2018-07-01 0 days 2,055 sqft
    2018-08-01 0 days 2,041 sqft
    2018-09-01 0 days 2,085 sqft
    2018-10-01 0 days 2,112 sqft
    2018-11-01 0 days 2,068 sqft
    2018-12-01 0 days 1,979 sqft
    2019-01-01 0 days 1,938 sqft
    2019-02-01 0 days 1,884 sqft
    2019-03-01 0 days 1,906 sqft
    2019-04-01 0 days 1,955 sqft
    2019-05-01 0 days 2,015 sqft
    2019-06-01 0 days 2,103 sqft
    2019-07-01 0 days 2,108 sqft
    2019-08-01 0 days 2,123 sqft
    2019-09-01 0 days 2,146 sqft
    2019-10-01 0 days 2,178 sqft
    2019-11-01 0 days 2,236 sqft
    2019-12-01 0 days 2,161 sqft
    2020-01-01 0 days 2,051 sqft
    2020-02-01 0 days 2,052 sqft
    2020-03-01 0 days 2,045 sqft
    2020-04-01 0 days 2,039 sqft
    2020-05-01 0 days 2,059 sqft
    2020-06-01 0 days 2,078 sqft
    2020-07-01 0 days 2,088 sqft
    2020-08-01 0 days 2,052 sqft
    2020-09-01 0 days 1,987 sqft
    2020-10-01 0 days 2,123 sqft
    2020-11-01 0 days 2,064 sqft
    2020-12-01 0 days 1,996 sqft
    2021-01-01 0 days 1,996 sqft
    2021-02-01 0 days 1,900 sqft
    2021-03-01 0 days 1,928 sqft
    2021-04-01 0 days 1,935 sqft
    2021-05-01 0 days 2,124 sqft
    2021-06-01 0 days 2,078 sqft
    2021-07-01 0 days 1,738 sqft
    2021-08-01 0 days 1,792 sqft
    2021-09-01 0 days 1,788 sqft
    2021-10-01 0 days 1,980 sqft
    2021-11-01 0 days 1,988 sqft
    2021-12-01 0 days 1,979 sqft
    2022-01-01 0 days 1,968 sqft
    2022-02-01 0 days 1,925 sqft
    2022-03-01 0 days 1,907 sqft
    2022-04-01 0 days 1,965 sqft
    2022-05-01 0 days 1,906 sqft
    2022-06-01 0 days 1,850 sqft
    2022-07-01 0 days 1,814 sqft
    2022-08-01 0 days 1,795 sqft
    2022-09-01 0 days 1,953 sqft
    2022-10-01 0 days 1,951 sqft
    2022-11-01 0 days 1,952 sqft
    2022-12-01 0 days 1,882 sqft
    2023-01-01 0 days 1,864 sqft
    2023-02-01 0 days 1,853 sqft
    2023-03-01 0 days 1,841 sqft
    2023-04-01 0 days 1,857 sqft
    2023-05-01 0 days 1,863 sqft
    2023-06-01 0 days 1,819 sqft
    2023-07-01 0 days 1,823 sqft
    2023-08-01 0 days 1,821 sqft
    2023-09-01 0 days 1,848 sqft
    2023-10-01 0 days 1,829 sqft
    2023-11-01 0 days 1,809 sqft
    2023-12-01 0 days 1,815 sqft
    2024-01-01 0 days 1,800 sqft
    2024-02-01 0 days 1,799 sqft
    2024-03-01 0 days 1,823 sqft
    2024-04-01 0 days 1,838 sqft
    2024-05-01 0 days 1,859 sqft
    2024-06-01 0 days 1,874 sqft
    2024-07-01 0 days 1,889 sqft
    2024-08-01 0 days 1,901 sqft
    2024-09-01 0 days 1,879 sqft
    2024-10-01 0 days 1,856 sqft
    Lufkin's median listing age (time on market) for 2024-10-01 was 0 days.

    Lufkin's median square footage for active listings during the 2024-10-01 period was 1,856 sqft. One year prior, the average listing was 1,829 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).