Nacogdoches FHA Loan Rates, Closing Costs & Stats

Nacogdoches, 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.

    Nacogdoches's 25 lenders originated 64 FHA loans during 2023. The total origination value was $14,350,000, with an average FHA loan value of $224,219.

    Nacogdoches FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Nacogdoches averaged 7.18% for the week of 2024-04-19, compared to the national average (all FHA variants) of 6.855% for the same period.

    Nacogdoches's average FHA mortgage closing costs are $7,590.

    The average rate for the prior week (2024-04-12) was 6.67% and one month ago for the week of 2024-03-15, the average rate was 6.64%.

    The average rate one year ago was 6.27%.

    For refis of the same type during the week of 2024-04-19, the average rate was 7.06%.

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

    Nacogdoches 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 Nacogdoches level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Commercial Bank of Texas 10 6.32% $9,181
    AMCAP MORTGAGE, LTD. 6 6.65% $14,074
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 5 6.93% $11,743
    QUICKEN LOANS, LLC 4 6.44% $10,361
    BancorpSouth 4 6.25% $8,729
    CARDINAL FINANCIAL 3 6.58% $12,715
    UNITED WHOLESALE MORTGAGE, LLC 3 6.61% $9,363
    Cornerstone First Mortgage, Inc 2 6.81% $7,652
    Regions Bank 2 6.25% $7,146
    BROKER SOLUTIONS, INC. 2 7.19% $10,825
    Flagstar Bank, FSB 2 7.25% $9,657
    PRIMARY RESIDENTIAL MORTGAGE, INC. 1 6.63% $9,176
    Towne Bank 1 7.13% $7,171
    TOWNE MORTGAGE COMPANY 1 6.25% $9,226
    UNIVERSITY Federal Credit Union 1 6.63% $7,444
    AMERISAVE MORTGAGE CORPORATION 1 5.25% $20,472
    EUSTIS AND AMERICAN MORTGAGE COMPANY 1 6.75% $13,889
    GUILD MORTGAGE COMPANY 1 6.63% $8,357
    LAKEVIEW LOAN SERVICING, LLC 1 5.75% $12,261
    LEGEND LENDING CORPORATION 1 7.50% $22,490
    MORTGAGE FINANCIAL SERVICES, LLC 1 6.63% $6,119
    Nations Lending Corporation 1 7.25% $4,497
    NBH Bank 1 7.00% $7,346
    NEWREZ LLC 1 6.25% $11,233
    NFM, INC. 1 7.13% $13,909

    The top Nacogdoches FHA lender as defined by loan originations is Commercial Bank of Texas, with 10 FHA loans originated. Their average total fees are $9,181, which is $4,893 lower than the next largest lender, AMCAP MORTGAGE, LTD..

    The lowest fee Nacogdoches FHA lenders (with over 10 loans originated) are Commercial Bank of Texas ($9,181), .

    The lowest rate Nacogdoches FHA lenders (with over 10 loans originated) are Commercial Bank of Texas (6.32%), .

    Nacogdoches FHA Loan Limits

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

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Nacogdoches (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 $180,750 (-0.1%) $226,365 (-4.4%) 0.00 186
    2018-02-01 $174,950 (-3.2%) $227,993 (-3.5%) 0.00 186
    2018-03-01 $194,900 (5.4%) $233,468 (-2.5%) 0.00 196
    2018-04-01 $185,475 (-2.2%) $225,932 (-8.2%) 0.00 206
    2018-05-01 $184,125 (-4.8%) $223,826 (-8.2%) 0.00 202
    2018-06-01 $194,500 (-3.2%) $241,179 (-5.4%) 0.00 210
    2018-07-01 $198,750 (-5.0%) $239,811 (-2.3%) 0.00 202
    2018-08-01 $199,500 (-0.3%) $247,154 (3.1%) 0.00 196
    2018-09-01 $213,500 (7.8%) $254,910 (8.1%) 0.00 171
    2018-10-01 $210,125 (7.2%) $263,135 (10.2%) 0.00 166
    2018-11-01 $208,750 (19.3%) $258,034 (10.2%) 0.00 168
    2018-12-01 $209,000 (14.8%) $261,724 (11.7%) 0.00 160
    2019-01-01 $216,750 (19.9%) $261,343 (15.5%) 0.00 152
    2019-02-01 $208,450 (19.2%) $253,502 (11.2%) 0.00 164
    2019-03-01 $213,714 (9.7%) $257,997 (10.5%) 0.00 168
    2019-04-01 $209,600 (13.0%) $255,915 (13.3%) 0.00 170
    2019-05-01 $209,925 (14.0%) $271,728 (21.4%) 0.00 155
    2019-06-01 $199,925 (2.8%) $269,626 (11.8%) 0.00 151
    2019-07-01 $209,450 (5.4%) $274,330 (14.4%) 0.00 163
    2019-08-01 $223,182 (11.9%) $279,324 (13.0%) 0.00 166
    2019-09-01 $235,455 (10.3%) $286,684 (12.5%) 0.00 160
    2019-10-01 $246,475 (17.3%) $294,485 (11.9%) 0.00 153
    2019-11-01 $259,900 (24.5%) $297,801 (15.4%) 0.00 144
    2019-12-01 $233,875 (11.9%) $290,473 (11.0%) 0.00 142
    2020-01-01 $216,000 (-0.4%) $283,241 (8.4%) 0.00 133
    2020-02-01 $198,900 (-4.6%) $252,929 (-0.2%) 0.00 139
    2020-03-01 $197,500 (-7.6%) $254,916 (-1.2%) 0.00 148
    2020-04-01 $218,750 (4.4%) $281,070 (9.8%) 0.00 142
    2020-05-01 $219,000 (4.3%) $282,191 (3.9%) 0.00 136
    2020-06-01 $233,650 (16.9%) $302,352 (12.1%) 0.00 118
    2020-07-01 $271,175 (29.5%) $337,025 (22.9%) 0.00 104
    2020-08-01 $290,500 (30.2%) $339,548 (21.6%) 0.00 93
    2020-09-01 $287,175 (22.0%) $360,569 (25.8%) 0.00 97
    2020-10-01 $269,900 (9.5%) $326,641 (10.9%) 0.00 108
    2020-11-01 $264,900 (1.9%) $352,766 (18.5%) 0.00 98
    2020-12-01 $234,100 (0.1%) $336,796 (16.0%) 0.00 86
    2021-01-01 $253,000 (17.1%) $345,164 (21.9%) 0.00 81
    2021-02-01 $277,850 (39.7%) $362,565 (43.4%) 0.00 83
    2021-03-01 $279,250 (41.4%) $363,814 (42.7%) 0.00 71
    2021-04-01 $261,475 (19.5%) $379,371 (35.0%) 0.00 62
    2021-05-01 $259,000 (18.3%) $384,235 (36.2%) 0.00 57
    2021-06-01 $262,700 (12.4%) $422,396 (39.7%) 0.00 70
    2021-07-01 $299,000 (10.3%) $402,551 (19.4%) 0.00 76
    2021-08-01 $280,675 (-3.4%) $383,660 (13.0%) 0.00 79
    2021-09-01 $266,100 (-7.3%) $367,835 (2.0%) 0.00 84
    2021-10-01 $275,900 (2.2%) $365,638 (11.9%) 0.00 77
    2021-11-01 $288,550 (8.9%) $377,512 (7.0%) 0.00 75
    2021-12-01 $292,300 (24.9%) $385,211 (14.4%) 0.00 59
    2022-01-01 $254,500 (0.6%) $349,549 (1.3%) 0.00 62
    2022-02-01 $287,125 (3.3%) $383,172 (5.7%) 0.00 55
    2022-03-01 $280,625 (0.5%) $449,898 (23.7%) 0.00 50
    2022-04-01 $264,000 (1.0%) $338,451 (-10.8%) 0.00 50
    2022-05-01 $253,675 (-2.1%) $313,456 (-18.4%) 0.00 52
    2022-06-01 $258,675 (-1.5%) $382,307 (-9.5%) 0.00 64
    2022-07-01 $248,500 (-16.9%) $392,831 (-2.4%) 0.00 70
    2022-08-01 $286,125 (1.9%) $406,048 (5.8%) 0.00 86
    2022-09-01 $283,700 (6.6%) $406,141 (10.4%) 0.00 86
    2022-10-01 $279,500 (1.3%) $370,091 (1.2%) 0.00 100
    2022-11-01 $299,225 (3.7%) $384,520 (1.9%) 0.00 100
    2022-12-01 $260,000 (-11.1%) $344,783 (-10.5%) 0.00 99
    2023-01-01 $271,174 (6.6%) $338,188 (-3.3%) 0.00 90
    2023-02-01 $264,924 (-7.7%) $341,368 (-10.9%) 0.00 81
    2023-03-01 $257,500 (-8.2%) $351,098 (-22.0%) 0.00 75
    2023-04-01 $257,900 (-2.3%) $367,224 (8.5%) 0.00 72
    2023-05-01 $254,575 (0.4%) $363,985 (16.1%) 0.00 74
    2023-06-01 $305,500 (18.1%) $375,122 (-1.9%) 0.00 89
    2023-07-01 $295,000 (18.7%) $368,237 (-6.3%) 0.00 91
    2023-08-01 $292,450 (2.2%) $351,082 (-13.5%) 0.00 98
    2023-09-01 $269,500 (-5.0%) $325,894 (-19.8%) 0.00 107
    2023-10-01 $275,000 (-1.6%) $321,549 (-13.1%) 0.00 122
    2023-11-01 $282,973 (-5.4%) $332,007 (-13.7%) 0.00 102
    2023-12-01 $280,000 (7.7%) $323,193 (-6.3%) 0.00 107
    2024-01-01 $275,000 (1.4%) $312,367 (-7.6%) 0.00 108
    2024-02-01 $279,475 (5.5%) $323,283 (-5.3%) 0.00 109
    2024-03-01 $278,950 (8.3%) $347,898 (-0.9%) 0.00 111
    Nacogdoches's median listing price for 2024-03-01 was $278,950, a difference of $21,450 (8.3%) versus the prior year and $-525 versus the prior month.

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

    Nacogdoches's average listing price for 2024-03-01 was $347,898, a difference of $-3,200 (-0.9%) versus the prior year and $24,615 versus the prior month.

    For the 2024-03-01 period, Nacogdoches had 111 MLS listings, a difference of 2 listings (2%) versus the prior month and 36 listings (48%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Nacogdoches (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,955 sqft
    2018-02-01 0 days 1,950 sqft
    2018-03-01 0 days 2,056 sqft
    2018-04-01 0 days 2,001 sqft
    2018-05-01 0 days 1,962 sqft
    2018-06-01 0 days 2,050 sqft
    2018-07-01 0 days 2,072 sqft
    2018-08-01 0 days 2,067 sqft
    2018-09-01 0 days 2,089 sqft
    2018-10-01 0 days 2,125 sqft
    2018-11-01 0 days 2,169 sqft
    2018-12-01 0 days 2,080 sqft
    2019-01-01 0 days 2,080 sqft
    2019-02-01 0 days 2,077 sqft
    2019-03-01 0 days 2,134 sqft
    2019-04-01 0 days 2,140 sqft
    2019-05-01 0 days 2,181 sqft
    2019-06-01 0 days 2,173 sqft
    2019-07-01 0 days 2,108 sqft
    2019-08-01 0 days 2,127 sqft
    2019-09-01 0 days 2,169 sqft
    2019-10-01 0 days 2,227 sqft
    2019-11-01 0 days 2,243 sqft
    2019-12-01 0 days 2,200 sqft
    2020-01-01 0 days 2,190 sqft
    2020-02-01 0 days 2,092 sqft
    2020-03-01 0 days 1,989 sqft
    2020-04-01 0 days 2,223 sqft
    2020-05-01 0 days 2,200 sqft
    2020-06-01 0 days 2,323 sqft
    2020-07-01 0 days 2,443 sqft
    2020-08-01 0 days 2,478 sqft
    2020-09-01 0 days 2,403 sqft
    2020-10-01 0 days 2,197 sqft
    2020-11-01 0 days 2,094 sqft
    2020-12-01 0 days 1,968 sqft
    2021-01-01 0 days 2,094 sqft
    2021-02-01 0 days 2,044 sqft
    2021-03-01 0 days 2,060 sqft
    2021-04-01 0 days 2,155 sqft
    2021-05-01 0 days 2,073 sqft
    2021-06-01 0 days 2,001 sqft
    2021-07-01 0 days 2,260 sqft
    2021-08-01 0 days 2,278 sqft
    2021-09-01 0 days 2,220 sqft
    2021-10-01 0 days 2,222 sqft
    2021-11-01 0 days 2,282 sqft
    2021-12-01 0 days 2,323 sqft
    2022-01-01 0 days 2,029 sqft
    2022-02-01 0 days 2,265 sqft
    2022-03-01 0 days 2,297 sqft
    2022-04-01 0 days 2,003 sqft
    2022-05-01 0 days 1,881 sqft
    2022-06-01 0 days 1,909 sqft
    2022-07-01 0 days 2,020 sqft
    2022-08-01 0 days 1,875 sqft
    2022-09-01 0 days 1,858 sqft
    2022-10-01 0 days 1,856 sqft
    2022-11-01 0 days 1,883 sqft
    2022-12-01 0 days 1,848 sqft
    2023-01-01 0 days 1,865 sqft
    2023-02-01 0 days 1,866 sqft
    2023-03-01 0 days 1,861 sqft
    2023-04-01 0 days 1,880 sqft
    2023-05-01 0 days 1,871 sqft
    2023-06-01 0 days 1,944 sqft
    2023-07-01 0 days 1,997 sqft
    2023-08-01 0 days 1,969 sqft
    2023-09-01 0 days 1,894 sqft
    2023-10-01 0 days 1,893 sqft
    2023-11-01 0 days 1,917 sqft
    2023-12-01 0 days 1,857 sqft
    2024-01-01 0 days 1,882 sqft
    2024-02-01 0 days 1,867 sqft
    2024-03-01 0 days 1,832 sqft
    Nacogdoches's median listing age (time on market) for 2024-03-01 was 0 days.

    Nacogdoches's median square footage for active listings during the 2024-03-01 period was 1,832 sqft. One year prior, the average listing was 1,861 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).