San Angelo FHA Loan Rates, Closing Costs & Stats

SAN ANGELO, 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.

    San Angelo's 52 lenders originated 423 FHA loans during 2024. The total origination value was $98,265,000, with an average FHA loan value of $232,305.

    San Angelo FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in San Angelo averaged 6.94% for the week of 2025-07-18, compared to the national average (all FHA variants) of 6.527% for the same period.

    San Angelo's average FHA mortgage closing costs are $8,028.

    The average rate for the prior week (2025-07-11) was 6.84% and one month ago for the week of 2025-06-13, the average rate was 6.8%.

    The average rate one year ago was 6.96%.

    For refis of the same type during the week of 2025-07-18, the average rate was 5.99%.

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

    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.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    MORTGAGE FINANCIAL SERVICES, LLC 84 6.91% $9,763
    AMERICAN PACIFIC MORTGAGE CORPORATION 80 6.54% $12,427
    T2 FINANCIAL LLC 45 7.22% $11,316
    NATIONS RELIABLE LENDING, LLC 22 6.58% $12,970
    First Financial Bank 22 6.64% $8,766
    GUILD MORTGAGE COMPANY 21 7.14% $10,203
    UNITED WHOLESALE MORTGAGE, LLC 13 6.03% $9,111
    THE MORTGAGE LINK, INC. 13 6.98% $16,731
    QUICKEN LOANS, LLC 10 6.35% $10,518
    FREEDOM MORTGAGE CORPORATION 10 6.25% $9,593
    Flagstar Bank, FSB 9 6.19% $12,684
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 6 7.08% $12,214
    GENEVA FINANCIAL, LLC 3 6.63% $11,445
    MEMBER FIRST MORTGAGE, LLC 3 6.71% $11,282
    AMERICAN FINANCIAL NETWORK, INC. 2 7.50% $12,475
    Mr. Cooper ( Nationstar Mortgage ) 2 7.00% $12,095
    CARDINAL FINANCIAL 2 5.56% $17,750
    PENNYMAC LOAN SERVICES, LLC 2 6.12% $4,159
    Century Mortgage Company DBA Century Lending Company 2 5.94% $10,099
    BROKER SOLUTIONS, INC. 2 7.25% $11,317
    VILLAGE CAPITAL MORTGAGE 2 6.69% $3,134
    CROSSCOUNTRY MORTGAGE, LLC 2 6.97% $10,389
    PNC Bank 1 7.00% $11,136
    PRIMARY RESIDENTIAL MORTGAGE, INC. 1 7.50% $7,151
    RB MORTGAGE LLC 1 6.00% $8,566
    Renasant Bank 1 6.63% $7,752
    SECURITYNATIONAL MORTGAGE COMPANY 1 7.25% $7,741
    SUCCESS MORTGAGE PARTNERS, INC. 1 7.63% $10,203
    TEXAS TECH 1 6.50% $9,738
    TIB The Independent Bankersbank 1 5.88% $10,310
    ZILLOW HOME LOANS, LLC 1 6.63% $10,587
    AmeriHome Mortgage Company, LLC 1 6.13% $8,886
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 6.75% $6,951
    AUGUSTA FINANCIAL, INC. 1 5.75% $15,041
    CHURCHILL MORTGAGE CORPORATION 1 6.25% $8,509
    City Lending Inc. 1 7.75% $14,133
    EVERETT FINANCIAL, INC. 1 6.88% $11,581
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 6.88% $12,406
    First United Bank and Trust Company 1 5.88% $18,560
    Flanagan State Bank 1 6.75% $19,678
    FLAT BRANCH MORTGAGE, INC. 1 6.75% $9,630
    GUARANTEED RATE, INC. 1 5.75% $6,814
    HOMESIDE FINANCIAL, LLC 1 6.99% $14,762
    INTELLILOAN, INC. 1 6.75% $4,682
    International Bank of Commerce 1 6.63% $7,938
    JPMorgan Chase Bank 1 7.13% $3,455
    LAKEVIEW LOAN SERVICING, LLC 1 6.25% $7,370
    MORTGAGE SOLUTIONS OF COLORADO, LLC 1 6.50% $8,614
    MOVEMENT MORTGAGE, LLC 1 5.63% $9,334
    NATIONS DIRECT MORTGAGE, LLC 1 6.63% $8,434
    NEW WAVE LENDING GROUP INC 1 6.50% $21,395
    Paramount Residential Mortgage Group, Inc. 1 6.13% $8,646

    The top San Angelo FHA lender as defined by loan originations is MORTGAGE FINANCIAL SERVICES, LLC, with 84 FHA loans originated. Their average total fees are $9,763, which is $2,664 lower than the next largest lender, AMERICAN PACIFIC MORTGAGE CORPORATION.

    The lowest fee San Angelo FHA lenders (with over 10 loans originated) are First Financial Bank ($8,766), UNITED WHOLESALE MORTGAGE, LLC ($9,111), FREEDOM MORTGAGE CORPORATION ($9,593), MORTGAGE FINANCIAL SERVICES, LLC ($9,763) and GUILD MORTGAGE COMPANY ($10,203).

    The lowest rate San Angelo FHA lenders (with over 10 loans originated) are UNITED WHOLESALE MORTGAGE, LLC (6.03%), FREEDOM MORTGAGE CORPORATION (6.25%), QUICKEN LOANS, LLC (6.35%), AMERICAN PACIFIC MORTGAGE CORPORATION (6.54%) and NATIONS RELIABLE LENDING, LLC (6.58%).

    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

    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).