San Angelo FHA Loan Rates, Closing Costs & Stats
SAN ANGELO, 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.
San Angelo's 49 lenders originated 321 FHA loans during 2023. The total origination value was $72,975,000, with an average FHA loan value of $227,336.
San Angelo FHA Loans, 30 Year Fixed Rates
30 Year FHA mortgages in San Angelo
averaged
0.25%
for the week of 2024-11-29, compared to the national average (all FHA variants) of
0% for the same period.
San Angelo's average FHA mortgage closing costs are $7,611.
The average rate for the prior week (2024-11-22) was
6.54% and
one month ago for the week of 2024-10-25, the
average rate was 6.52%.
The average rate one year ago was 6.91%.
For refis of the same type during the week of 2024-11-29, the average rate
was -0.2%.
San Angelo 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 San Angelo level.
The top San Angelo FHA lender as defined by loan originations is MORTGAGE FINANCIAL SERVICES, LLC, with
88 FHA loans originated. Their average total fees are
$9,733, which is $675
lower than the next largest lender,
GUILD MORTGAGE COMPANY.
The lowest fee San Angelo FHA lenders (with over 10 loans originated) are
First Financial Bank ($9,555), MORTGAGE FINANCIAL SERVICES, LLC ($9,733), UNITED WHOLESALE MORTGAGE, LLC ($10,235), GUILD MORTGAGE COMPANY ($10,408) and NATIONS RELIABLE LENDING, LLC ($12,037).
The lowest rate San Angelo FHA lenders (with over 10 loans originated) are
UNITED WHOLESALE MORTGAGE, LLC (6.49%), First Financial Bank (6.63%), NATIONS RELIABLE LENDING, LLC (6.84%), MORTGAGE FINANCIAL SERVICES, LLC (6.86%) and GUILD MORTGAGE COMPANY (6.94%).
San Angelo FHA Loan Limits
Metro | County | Year | Single Family Limit | 2 Family Limit | 3 Family Limit | 4 Family Limit |
---|---|---|---|---|---|---|
SAN ANGELO, TX | IRION | 2022 | $420,680 | $538,650 | $651,050 | $809,150 |
SAN ANGELO, TX | STERLING | 2022 | $420,680 | $538,650 | $651,050 | $809,150 |
SAN ANGELO, TX | TOM GREEN | 2022 | $420,680 | $538,650 | $651,050 | $809,150 |
SAN ANGELO, TX | IRION | 2023 | $472,030 | $604,400 | $730,525 | $907,900 |
SAN ANGELO, TX | STERLING | 2023 | $472,030 | $604,400 | $730,525 | $907,900 |
SAN ANGELO, TX | TOM GREEN | 2023 | $472,030 | $604,400 | $730,525 | $907,900 |
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - San Angelo (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $193,500 (-5.1%) | $259,929 (0.6%) | 0.00 | 492 |
2018-02-01 | $194,250 (-3.8%) | $269,853 (5.6%) | 0.00 | 455 |
2018-03-01 | $199,000 (-2.9%) | $274,516 (6.1%) | 0.00 | 448 |
2018-04-01 | $217,950 (7.6%) | $296,002 (14.7%) | 0.00 | 413 |
2018-05-01 | $219,450 (11.0%) | $298,940 (18.3%) | 0.00 | 388 |
2018-06-01 | $217,950 (10.0%) | $293,301 (16.1%) | 0.00 | 415 |
2018-07-01 | $200,200 (1.1%) | $280,454 (9.8%) | 0.00 | 435 |
2018-08-01 | $216,000 (9.2%) | $286,975 (11.0%) | 0.00 | 444 |
2018-09-01 | $224,900 (14.2%) | $293,678 (13.9%) | 0.00 | 455 |
2018-10-01 | $224,900 (15.3%) | $298,724 (18.3%) | 0.00 | 443 |
2018-11-01 | $216,525 (11.0%) | $294,076 (14.9%) | 0.00 | 441 |
2018-12-01 | $210,000 (6.6%) | $295,512 (12.5%) | 0.00 | 407 |
2019-01-01 | $211,725 (9.4%) | $283,416 (9.0%) | 0.00 | 409 |
2019-02-01 | $222,413 (14.5%) | $291,622 (8.1%) | 0.00 | 396 |
2019-03-01 | $229,349 (15.3%) | $301,425 (9.8%) | 0.00 | 387 |
2019-04-01 | $240,924 (10.5%) | $309,528 (4.6%) | 0.00 | 390 |
2019-05-01 | $249,900 (13.9%) | $316,786 (6.0%) | 0.00 | 373 |
2019-06-01 | $249,900 (14.7%) | $322,701 (10.0%) | 0.00 | 340 |
2019-07-01 | $248,950 (24.4%) | $323,569 (15.4%) | 0.00 | 336 |
2019-08-01 | $253,545 (17.4%) | $332,790 (16.0%) | 0.00 | 334 |
2019-09-01 | $245,364 (9.1%) | $331,833 (13.0%) | 0.00 | 333 |
2019-10-01 | $234,475 (4.3%) | $326,227 (9.2%) | 0.00 | 340 |
2019-11-01 | $236,000 (9.0%) | $321,910 (9.5%) | 0.00 | 341 |
2019-12-01 | $237,975 (13.3%) | $323,910 (9.6%) | 0.00 | 329 |
2020-01-01 | $248,475 (17.4%) | $322,255 (13.7%) | 0.00 | 312 |
2020-02-01 | $256,900 (15.5%) | $325,603 (11.7%) | 0.00 | 300 |
2020-03-01 | $264,975 (15.5%) | $334,379 (10.9%) | 0.00 | 289 |
2020-04-01 | $264,725 (9.9%) | $329,410 (6.4%) | 0.00 | 311 |
2020-05-01 | $274,900 (10.0%) | $353,475 (11.6%) | 0.00 | 263 |
2020-06-01 | $277,975 (11.2%) | $365,166 (13.2%) | 0.00 | 246 |
2020-07-01 | $276,675 (11.1%) | $374,731 (15.8%) | 0.00 | 239 |
2020-08-01 | $265,000 (4.5%) | $351,777 (5.7%) | 0.00 | 236 |
2020-09-01 | $255,500 (4.1%) | $343,637 (3.6%) | 0.00 | 210 |
2020-10-01 | $267,450 (14.1%) | $353,369 (8.3%) | 0.00 | 208 |
2020-11-01 | $270,000 (14.4%) | $354,607 (10.2%) | 0.00 | 207 |
2020-12-01 | $258,200 (8.5%) | $344,715 (6.4%) | 0.00 | 211 |
2021-01-01 | $265,400 (6.8%) | $348,623 (8.2%) | 0.00 | 184 |
2021-02-01 | $264,400 (2.9%) | $365,778 (12.3%) | 0.00 | 167 |
2021-03-01 | $257,500 (-2.8%) | $383,104 (14.6%) | 0.00 | 146 |
2021-04-01 | $279,950 (5.8%) | $421,712 (28.0%) | 0.00 | 134 |
2021-05-01 | $274,500 (-0.2%) | $412,822 (16.8%) | 0.00 | 140 |
2021-06-01 | $270,000 (-2.9%) | $406,541 (11.3%) | 0.00 | 149 |
2021-07-01 | $245,000 (-11.5%) | $359,473 (-4.1%) | 0.00 | 197 |
2021-08-01 | $247,225 (-6.7%) | $342,247 (-2.7%) | 0.00 | 222 |
2021-09-01 | $255,000 (-0.2%) | $366,429 (6.6%) | 0.00 | 228 |
2021-10-01 | $258,000 (-3.5%) | $376,317 (6.5%) | 0.00 | 226 |
2021-11-01 | $266,000 (-1.5%) | $373,098 (5.2%) | 0.00 | 233 |
2021-12-01 | $262,250 (1.6%) | $367,163 (6.5%) | 0.00 | 208 |
2022-01-01 | $263,250 (-0.8%) | $358,225 (2.8%) | 0.00 | 202 |
2022-02-01 | $268,475 (1.5%) | $366,554 (0.2%) | 0.00 | 174 |
2022-03-01 | $279,675 (8.6%) | $372,897 (-2.7%) | 0.00 | 166 |
2022-04-01 | $259,950 (-7.1%) | $355,276 (-15.8%) | 0.00 | 166 |
2022-05-01 | $288,000 (4.9%) | $357,227 (-13.5%) | 0.00 | 190 |
2022-06-01 | $276,000 (2.2%) | $342,605 (-15.7%) | 0.00 | 260 |
2022-07-01 | $265,000 (8.2%) | $314,098 (-12.6%) | 0.00 | 312 |
2022-08-01 | $265,000 (7.2%) | $316,829 (-7.4%) | 0.00 | 341 |
2022-09-01 | $278,000 (9.0%) | $330,889 (-9.7%) | 0.00 | 357 |
2022-10-01 | $279,000 (8.1%) | $326,927 (-13.1%) | 0.00 | 367 |
2022-11-01 | $299,900 (12.7%) | $351,302 (-5.8%) | 0.00 | 378 |
2022-12-01 | $299,900 (14.4%) | $356,775 (-2.8%) | 0.00 | 363 |
2023-01-01 | $301,450 (14.5%) | $363,699 (1.5%) | 0.00 | 347 |
2023-02-01 | $309,925 (15.4%) | $356,823 (-2.7%) | 0.00 | 311 |
2023-03-01 | $310,975 (11.2%) | $366,919 (-1.6%) | 0.00 | 291 |
2023-04-01 | $325,000 (25.0%) | $393,733 (10.8%) | 0.00 | 278 |
2023-05-01 | $331,900 (15.2%) | $405,478 (13.5%) | 0.00 | 309 |
2023-06-01 | $322,463 (16.8%) | $391,598 (14.3%) | 0.00 | 321 |
2023-07-01 | $322,450 (21.7%) | $385,107 (22.6%) | 0.00 | 335 |
2023-08-01 | $319,950 (20.7%) | $388,083 (22.5%) | 0.00 | 337 |
2023-09-01 | $315,000 (13.3%) | $382,462 (15.6%) | 0.00 | 328 |
2023-10-01 | $297,300 (6.6%) | $363,904 (11.3%) | 0.00 | 392 |
2023-11-01 | $287,125 (-4.3%) | $365,091 (3.9%) | 0.00 | 375 |
2023-12-01 | $285,000 (-5.0%) | $363,410 (1.9%) | 0.00 | 405 |
2024-01-01 | $284,000 (-5.8%) | $358,410 (-1.5%) | 0.00 | 401 |
2024-02-01 | $288,750 (-6.8%) | $364,085 (2.0%) | 0.00 | 382 |
2024-03-01 | $298,750 (-3.9%) | $370,784 (1.1%) | 0.00 | 395 |
2024-04-01 | $299,000 (-8.0%) | $371,089 (-5.8%) | 0.00 | 411 |
2024-05-01 | $299,900 (-9.6%) | $368,368 (-9.2%) | 0.00 | 429 |
2024-06-01 | $299,500 (-7.1%) | $358,854 (-8.4%) | 0.00 | 477 |
2024-07-01 | $303,900 (-5.8%) | $368,160 (-4.4%) | 0.00 | 487 |
2024-08-01 | $299,000 (-6.6%) | $374,054 (-3.6%) | 0.00 | 532 |
2024-09-01 | $299,450 (-4.9%) | $370,459 (-3.1%) | 0.00 | 566 |
2024-10-01 | $299,675 (0.8%) | $373,135 (2.5%) | 0.00 | 590 |
San Angelo's median listing price comes in at 0% of the national average.
San Angelo's average listing price for 2024-10-01 was $373,135, a difference of $9,231 (2.5%) versus the prior year and $2,676 versus the prior month.
For the 2024-10-01 period, San Angelo had 590 MLS listings, a difference of 24 listings (4%) versus the prior month and 198 listings (51%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - San Angelo (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,847 sqft |
2018-02-01 | 0 days | 1,867 sqft |
2018-03-01 | 0 days | 1,874 sqft |
2018-04-01 | 0 days | 1,912 sqft |
2018-05-01 | 0 days | 1,914 sqft |
2018-06-01 | 0 days | 1,924 sqft |
2018-07-01 | 0 days | 1,882 sqft |
2018-08-01 | 0 days | 1,899 sqft |
2018-09-01 | 0 days | 1,932 sqft |
2018-10-01 | 0 days | 1,952 sqft |
2018-11-01 | 0 days | 1,949 sqft |
2018-12-01 | 0 days | 1,940 sqft |
2019-01-01 | 0 days | 1,896 sqft |
2019-02-01 | 0 days | 1,881 sqft |
2019-03-01 | 0 days | 1,922 sqft |
2019-04-01 | 0 days | 1,980 sqft |
2019-05-01 | 0 days | 2,003 sqft |
2019-06-01 | 0 days | 1,973 sqft |
2019-07-01 | 0 days | 1,975 sqft |
2019-08-01 | 0 days | 1,997 sqft |
2019-09-01 | 0 days | 1,981 sqft |
2019-10-01 | 0 days | 1,946 sqft |
2019-11-01 | 0 days | 1,909 sqft |
2019-12-01 | 0 days | 1,868 sqft |
2020-01-01 | 0 days | 1,892 sqft |
2020-02-01 | 0 days | 1,952 sqft |
2020-03-01 | 0 days | 1,998 sqft |
2020-04-01 | 0 days | 1,977 sqft |
2020-05-01 | 0 days | 2,039 sqft |
2020-06-01 | 0 days | 2,050 sqft |
2020-07-01 | 0 days | 1,994 sqft |
2020-08-01 | 0 days | 1,922 sqft |
2020-09-01 | 0 days | 1,886 sqft |
2020-10-01 | 0 days | 1,960 sqft |
2020-11-01 | 0 days | 1,956 sqft |
2020-12-01 | 0 days | 1,873 sqft |
2021-01-01 | 0 days | 1,830 sqft |
2021-02-01 | 0 days | 1,890 sqft |
2021-03-01 | 0 days | 1,977 sqft |
2021-04-01 | 0 days | 1,988 sqft |
2021-05-01 | 0 days | 1,904 sqft |
2021-06-01 | 0 days | 1,904 sqft |
2021-07-01 | 0 days | 1,858 sqft |
2021-08-01 | 0 days | 1,836 sqft |
2021-09-01 | 0 days | 1,878 sqft |
2021-10-01 | 0 days | 1,913 sqft |
2021-11-01 | 0 days | 1,863 sqft |
2021-12-01 | 0 days | 1,904 sqft |
2022-01-01 | 0 days | 1,828 sqft |
2022-02-01 | 0 days | 1,827 sqft |
2022-03-01 | 0 days | 1,890 sqft |
2022-04-01 | 0 days | 1,788 sqft |
2022-05-01 | 0 days | 1,766 sqft |
2022-06-01 | 0 days | 1,803 sqft |
2022-07-01 | 0 days | 1,784 sqft |
2022-08-01 | 0 days | 1,800 sqft |
2022-09-01 | 0 days | 1,815 sqft |
2022-10-01 | 0 days | 1,850 sqft |
2022-11-01 | 0 days | 1,867 sqft |
2022-12-01 | 0 days | 1,844 sqft |
2023-01-01 | 0 days | 1,880 sqft |
2023-02-01 | 0 days | 1,872 sqft |
2023-03-01 | 0 days | 1,886 sqft |
2023-04-01 | 0 days | 1,950 sqft |
2023-05-01 | 0 days | 1,950 sqft |
2023-06-01 | 0 days | 1,903 sqft |
2023-07-01 | 0 days | 1,914 sqft |
2023-08-01 | 0 days | 1,895 sqft |
2023-09-01 | 0 days | 1,872 sqft |
2023-10-01 | 0 days | 1,754 sqft |
2023-11-01 | 0 days | 1,770 sqft |
2023-12-01 | 0 days | 1,774 sqft |
2024-01-01 | 0 days | 1,746 sqft |
2024-02-01 | 0 days | 1,743 sqft |
2024-03-01 | 0 days | 1,800 sqft |
2024-04-01 | 0 days | 1,834 sqft |
2024-05-01 | 0 days | 1,796 sqft |
2024-06-01 | 0 days | 1,796 sqft |
2024-07-01 | 0 days | 1,836 sqft |
2024-08-01 | 0 days | 1,813 sqft |
2024-09-01 | 0 days | 1,793 sqft |
2024-10-01 | 0 days | 1,788 sqft |
San Angelo's median square footage for active listings during the 2024-10-01 period was 1,788 sqft. One year prior, the average listing was 1,754 sqft.