San Antonio FHA Loan Rates, Closing Costs & Stats

SAN ANTONIO-NEW BRAUNFELS, 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 Antonio's 237 lenders originated 9,740 FHA loans during 2023. The total origination value was $2,683,810,000, with an average FHA loan value of $275,545.

    San Antonio FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in San Antonio averaged 5.73% for the week of 2024-11-08, compared to the national average (all FHA variants) of 6.425% for the same period.

    San Antonio's average FHA mortgage closing costs are $8,954.

    The average rate for the prior week (2024-11-01) was 5.7% and one month ago for the week of 2024-10-04, the average rate was 5.12%.

    The average rate one year ago was 6.87%.

    For refis of the same type during the week of 2024-11-08, the average rate was 6.56%.

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

    San Antonio 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 Antonio level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    EAGLE HOME MORTGAGE, LLC 1,744 4.68% $9,061
    DHI MORTGAGE COMPANY, LTD. 1,006 5.22% $10,129
    UNITED WHOLESALE MORTGAGE, LLC 473 6.14% $13,667
    AMCAP MORTGAGE, LTD. 432 6.57% $13,170
    LOANDEPOT.COM, LLC 296 6.03% $10,760
    KBHS HOME LOANS, LLC 273 6.27% $11,925
    VELOCIO MORTGAGE L.L.C. 229 5.48% $12,893
    PULTE MORTGAGE LLC 218 5.48% $7,948
    QUICKEN LOANS, LLC 188 6.21% $13,025
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 187 6.12% $13,266
    GARDNER FINANCIAL SERVICES, LTD. 182 6.57% $15,749
    CARDINAL FINANCIAL 169 6.50% $13,112
    GUILD MORTGAGE COMPANY 148 6.59% $12,911
    M/I FINANCIAL, LLC 145 5.65% $16,923
    INSPIRE HOME LOANS INC. 141 5.47% $10,602
    PILGRIM MORTGAGE LLC 131 6.56% $12,612
    GUARANTEED RATE, INC. 127 6.50% $13,462
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 126 6.70% $12,004
    CORNERSTONE HOME LENDING, INC. 121 6.30% $14,970
    CROSSCOUNTRY MORTGAGE, LLC 116 6.67% $13,140
    V.I.P. MORTGAGE, INC. 115 6.21% $12,203
    CMG MORTGAGE, INC. 100 6.39% $14,474
    AMERICAN PACIFIC MORTGAGE CORPORATION 93 6.51% $13,272
    PRIMELENDING, A PLAINSCAPITAL COMPANY 86 6.64% $15,505
    THRIVE MORTGAGE, LLC 85 6.44% $14,950
    DIRECTIONS EQUITY, LLC 80 6.10% $8,302
    Gateway First Bank 75 6.58% $10,781
    Wallick & Volk, Inc. 70 6.71% $7,893
    Network Funding, L.P. 70 6.48% $13,024
    MORTGAGE FINANCIAL SERVICES, LLC 69 6.81% $12,405
    MANN FINANCIAL INC. 62 6.81% $11,517
    MOVEMENT MORTGAGE, LLC 59 6.53% $13,158
    NEWREZ LLC 53 6.42% $10,577
    CRESTMARK MORTGAGE COMPANY, LTD. 49 6.00% $11,795
    Sunflower Bank 46 5.95% $12,952
    ACADEMY MORTGAGE CORPORATION 45 6.41% $13,099
    BROKER SOLUTIONS, INC. 41 6.50% $14,344
    Century Mortgage Company DBA Century Lending Company 38 6.16% $13,575
    CLM MORTGAGE, INC 37 6.34% $15,937
    PLAZA HOME MORTGAGE, INC. 37 6.19% $13,794
    INTERLINC MORTGAGE SERVICES, LLC 36 6.93% $11,521
    FBC MORTGAGE, LLC 36 6.06% $13,816
    BROOKHOLLOW MORTGAGE SERVICES, LTD 36 5.65% $16,194
    SENTE MORTGAGE, INC. 34 6.50% $13,778
    BECKAM FUNDING CORP. 34 6.97% $19,127
    Equity Prime Mortgage LLC 33 6.66% $13,136
    Bank of England 32 6.30% $14,005
    PENNYMAC LOAN SERVICES, LLC 31 6.16% $14,780
    SWBC MORTGAGE CORPORATION 31 6.89% $8,866
    CALCON MUTUAL MORTGAGE LLC 31 6.66% $16,172
    MORTGAGE SOLUTIONS OF COLORADO, LLC 29 7.32% $12,663
    TOWNE MORTGAGE COMPANY 28 6.41% $13,344
    SECURITYNATIONAL MORTGAGE COMPANY 26 6.65% $14,969
    Flagstar Bank, FSB 24 6.30% $12,559
    FREEDOM MORTGAGE CORPORATION 22 6.63% $15,545
    JPMorgan Chase Bank 21 5.99% $8,890
    TJC Mortgage, Inc. 21 6.76% $12,002
    PENTAGON FEDERAL CREDIT UNION 20 5.72% $11,098
    CANOPY MORTGAGE, LLC 19 6.47% $15,368
    S1L, Inc. 18 6.42% $11,898
    UNION HOME MORTGAGE CORP. 18 6.83% $11,762
    LOANPEOPLE, LLC 17 6.62% $14,756
    Plains Commerce Bank 17 6.68% $11,939
    Jefferson Bank 16 6.65% $9,207
    AMERICAN FINANCIAL NETWORK, INC. 15 6.92% $15,468
    SFMC, LP 15 6.91% $15,336
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 15 6.66% $13,624
    HOMEBRIDGE FINANCIAL SERVICES, INC. 15 6.23% $12,320
    Paramount Residential Mortgage Group, Inc. 15 6.20% $13,886
    EVERETT FINANCIAL, INC. 14 6.86% $10,858
    OCMBC, INC. 14 7.04% $13,198
    First Option Mortgage, LLC 14 6.52% $14,045
    SeaTrust Mortgage Company 13 6.72% $14,013
    RB MORTGAGE LLC 13 6.55% $9,784
    SUMMIT FUNDING, INC. 13 7.04% $16,006
    NFM, INC. 12 7.04% $15,130
    CORNERSTONE MORTGAGE PARTNERS OF TEXAS, L.P. 12 5.91% $13,706
    First United Bank and Trust Company 12 6.65% $12,303
    GUARANTEED RATE AFFINITY, LLC 11 6.34% $14,037
    Carrington Mortgage Services, LLC 11 6.70% $11,863
    Mortgage Research Center, LLC 11 6.41% $8,349
    ZILLOW HOME LOANS, LLC 10 6.71% $10,403
    MUTUAL OF OMAHA MORTGAGE, INC. 10 6.84% $12,459
    FIRST CENTENNIAL MORTGAGE CORPORATION 10 6.45% $13,594
    NBKC BANK 10 5.86% $12,387
    BAY EQUITY LLC 10 6.47% $11,282
    Neighborhood Loans, Inc. 9 7.07% $13,875
    VILLAGE CAPITAL MORTGAGE 9 6.38% $6,321
    DAS Acquisition Company, LLC 9 6.93% $12,490
    Loan Simple, Inc. 8 7.19% $16,413
    Semper Home Loans, Inc. 8 6.34% $13,606
    CHERRY CREEK MORTGAGE, LLC 7 5.46% $4,672
    Nations Lending Corporation 7 6.93% $8,722
    Assurance Financial Group, L.L.C. 7 6.37% $13,090
    AMERISAVE MORTGAGE CORPORATION 7 6.30% $15,926
    ENVOY MORTGAGE, LTD 7 6.45% $15,878
    Citizens Bank 6 6.33% $12,048
    Alcova Mortgage LLC 6 6.15% $14,171
    FIRST COMMUNITY MORTGAGE, INC. 6 6.67% $11,971
    NATIONS RELIABLE LENDING, LLC 6 6.85% $12,956
    GENEVA FINANCIAL, LLC 6 6.81% $13,412
    PRIORITY HOME MORTGAGE, L.P. 6 5.72% $14,086
    Mr. Cooper ( Nationstar Mortgage ) 6 6.44% $14,134
    SUN WEST MORTGAGE COMPANY, INC. 6 6.86% $12,074
    NTFN, INC. 6 6.58% $10,963
    CHURCHILL MORTGAGE CORPORATION 5 6.40% $13,142
    Northpointe Bank 5 6.58% $9,925
    BM Real Estate Services, Inc. 5 6.40% $14,783
    AMERICAN FINANCIAL RESOURCES, INC. 5 6.43% $13,743
    SOUTHWEST STAGE FUNDING, LLC 5 6.65% $8,053
    NATIONS DIRECT MORTGAGE, LLC 5 7.03% $13,794
    Waterstone Mortgage Corporation 5 6.68% $9,987
    U.S. Bank 4 6.41% $17,230
    First Savings Bank 4 6.84% $17,179
    Regions Bank 4 5.75% $10,029
    UNIVERSITY Federal Credit Union 4 5.88% $14,270
    JET HOMELOANS, LLC 4 5.87% $15,279
    Town Square Mortgage & Investments, Inc. 4 6.81% $12,706
    MID AMERICA MORTGAGE, INC. 4 7.03% $8,951
    Barrington Bank & Trust Company, N.A. 4 6.88% $10,326
    BancorpSouth 3 6.33% $11,664
    American Mortgage Bank, LLC 3 6.92% $10,301
    PNC Bank 3 6.63% $8,893
    Keystone Funding, Inc. 3 5.75% $16,990
    EUSTIS AND AMERICAN MORTGAGE COMPANY 3 6.42% $10,449
    T2 FINANCIAL LLC 3 6.50% $11,782
    TBI MORTGAGE COMPANY 3 6.04% $21,711
    ENCORE BANK 3 6.29% $14,316
    OPEN MORTGAGE, LLC 3 5.96% $15,571
    Armed Forces Bank 3 5.92% $10,457
    Zions Bank 3 5.96% $9,880
    RESIDENTIAL BANCORP 3 6.62% $16,686
    HOMESPIRE MORTGAGE CORPORATION 3 7.04% $12,390
    International Bank of Commerce 3 7.50% $9,412
    BELEM SERVICING LLC 2 6.69% $15,231
    AMERICAN HOMESTAR MORTGAGE, L.L.C. 2 6.88% $15,444
    CASTLE & COOKE MORTGAGE, LLC 2 6.75% $12,950
    CITY FIRST MORTGAGE SERVICES, L.L.C. 2 7.06% $18,525
    DRAPER AND KRAMER MORTGAGE CORP. 2 6.88% $16,990
    Encompass Lending Group, LP 2 7.13% $15,654
    FIRST CONTINENTAL MORTGAGE, LTD. 2 6.00% $6,907
    First National Bank Texas 2 7.31% $8,931
    GEO-CORP, INC. 2 7.31% $19,107
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 2 8.00% $10,939
    Gulf Coast Bank and Trust Company 2 6.31% $11,945
    HOMEOWNERS FINANCIAL GROUP USA, LLC 2 6.69% $16,034
    HOMESIDE FINANCIAL, LLC 2 6.19% $15,966
    HOMESTEAD FUNDING CORP. 2 5.50% $7,776
    Hometown Equity Mortgage, LLC 2 6.25% $14,693
    INTELLILOAN, INC. 2 6.13% $8,588
    JMAC LENDING, INC. 2 7.38% $9,311
    KELLER MORTGAGE, LLC 2 5.44% $11,837
    MICHIGAN MUTUAL, INC. 2 5.44% $22,495
    MLB RESIDENTIAL LENDING, LLC 2 6.31% $17,994
    NexBank 2 6.19% $26,049
    PANORAMA MORTGAGE GROUP, LLC 2 6.69% $13,532
    PATRIOT MORTGAGE COMPANY 2 6.88% $15,532
    PLANET HOME LENDING, LLC 2 6.19% $7,409
    Prosperity Bank 2 5.56% $10,553
    Simmons Bank 2 6.25% $9,179
    SUCCESS MORTGAGE PARTNERS, INC. 2 7.63% $10,650
    The Federal Savings Bank 2 6.94% $15,098
    THE MORTGAGE LINK, INC. 2 7.25% $15,576
    VAN DYK MORTGAGE CORPORATION 2 7.38% $9,490
    Wells Fargo Bank 2 6.25% $7,211
    Magnolia Bank 1 6.63% $9,130
    ON Q FINANCIAL, INC. 1 7.13% $10,378
    LIBERTY HOME MORTGAGE CORPORATION 1 6.25% $16,588
    Victorian Finance, LLC 1 5.75% $13,136
    LEADERONE FINANCIAL CORPORATION 1 6.75% $16,591
    American Mortgage & Equity Consultants, Inc. 1 7.25% $11,748
    LAND HOME FINANCIAL SERVICES, INC. 1 5.75% $15,584
    LAKEVIEW LOAN SERVICING, LLC 1 5.75% $11,864
    KINECTA 1 6.50% $11,803
    INTERSTATE HOME LOAN CENTER, INC. 1 6.99% $13,773
    AMERICAN FINANCING CORPORATION 1 6.50% $13,198
    HOMESTAR FINANCIAL CORPORATION 1 5.75% $10,944
    HALLMARK HOME MORTGAGE, LLC 1 6.13% $13,950
    Preston Home Loans Inc 1 5.63% $10,396
    GUARANTY HOME MORTGAGE CORPORATION 1 7.00% $7,820
    GMFS LLC 1 7.25% $7,965
    AMERICAN FEDERAL MORTGAGE CORPORATION 1 5.63% $8,151
    GIBRALTAR MORTGAGE SERVICES, LLC 1 6.38% $11,315
    Franklin Loan Corporation 1 6.00% $14,587
    RANLIFE, INC. 1 7.63% $8,236
    Flanagan State Bank 1 6.88% $13,297
    First Financial Bank 1 6.75% $12,893
    FIRST COLONY MORTGAGE CORPORATION 1 7.00% $13,391
    RESIDENTIAL HOME FUNDING CORP. 1 7.63% $7,446
    RUOFF MORTGAGE COMPANY, INC. 1 6.75% $9,606
    First Bank 1 6.12% $12,506
    FC LENDING, LTD. 1 7.13% $16,637
    Evolve Bank & Trust 1 7.63% $17,352
    Security State Bank & Trust 1 7.63% $8,584
    EMM LOANS LLC 1 5.75% $10,021
    EMBRACE HOME LOANS, INC. 1 6.25% $13,016
    DATA MORTGAGE, INC. 1 6.50% $13,665
    Sierra Pacific Mortgage Company, Inc. 1 6.63% $11,716
    ALLIED MORTGAGE GROUP, INC. 1 6.13% $9,180
    SIRVA MORTGAGE, INC. 1 5.75% $10,444
    Credence Funding Corporation 1 6.13% $5,623
    ST FIN CORP 1 6.99% $16,375
    Stifel Bank and Trust 1 7.50% $9,180
    AHL FUNDING 1 6.75% $21,496
    Cornerstone First Mortgage, Inc 1 6.63% $7,679
    Colonial Savings, F.A. 1 6.50% $14,534
    CITYWIDE HOME LOANS, LLC 1 6.75% $8,970
    CIS Financial Services, Inc. 1 6.63% $10,132
    Cambria Financial Group, LLC 1 6.63% $9,506
    CALIBER HOME LOANS, INC. 1 5.75% $7,997
    WILLOW BEND MORTGAGE COMPANY, LLC 1 7.13% $31,956
    The Huntington National Bank 1 6.25% $9,654
    The Loan Store, Inc. 1 7.50% $17,534
    Wyndham Capital Mortgage, Inc. 1 6.13% $10,938
    BOKF 1 7.13% $9,796
    BETTER MORTGAGE CORPORATION 1 5.38% $16,002
    TOTAL MORTGAGE SERVICES, LLC 1 6.38% $24,583
    BEST FINANCE CAPITAL, INC. 1 6.75% $17,325
    Academy Bank 1 5.63% $12,293
    Truist 1 5.60% $13,319
    BAYSHORE MORTGAGE FUNDING, LLC 1 7.75% $9,925
    Bank of America 1 4.63% $6,980
    ASPIRE FINANCIAL, INC. 1 6.00% $12,383
    AmeriHome Mortgage Company, LLC 1 6.63% $7,761
    VANDERBILT MORTGAGE AND FINANCE, INC. 1 6.25% $14,146
    ALAMEDA MORTGAGE CORPORATION 1 7.25% $12,329
    NBH Bank 1 7.50% $6,886
    M&T Bank 1 6.63% $11,457
    NEW FED MORTGAGE, CORP. 1 6.75% $12,612
    ML Mortgage Corp. 1 7.13% $13,271
    AMERICAN PORTFOLIO MORTGAGE CORPORATION 1 7.13% $8,824
    MEGASTAR FINANCIAL CORP. 1 6.75% $8,687
    North American Savings Bank, F.S.B. 1 5.88% $8,487
    MEADOWBROOK FINANCIAL MORTGAGE BANKERS CORP. 1 7.18% $14,042
    NOVA FINANCIAL & INVESTMENT CORPORATION 1 6.25% $7,369
    NP, Inc. 1 7.13% $7,317
    MASON MCDUFFIE MORTGAGE CORPORATION 1 5.13% $9,729

    The top San Antonio FHA lender as defined by loan originations is EAGLE HOME MORTGAGE, LLC, with 1,744 FHA loans originated. Their average total fees are $9,061, which is $1,068 lower than the next largest lender, DHI MORTGAGE COMPANY, LTD..

    The lowest fee San Antonio FHA lenders (with over 10 loans originated) are Wallick & Volk, Inc. ($7,893), PULTE MORTGAGE LLC ($7,948), DIRECTIONS EQUITY, LLC ($8,302), Mortgage Research Center, LLC ($8,349) and SWBC MORTGAGE CORPORATION ($8,866).

    The lowest rate San Antonio FHA lenders (with over 10 loans originated) are EAGLE HOME MORTGAGE, LLC (4.68%), DHI MORTGAGE COMPANY, LTD. (5.22%), INSPIRE HOME LOANS INC. (5.47%), PULTE MORTGAGE LLC (5.48%) and VELOCIO MORTGAGE L.L.C. (5.48%).

    San Antonio FHA Loan Limits

    Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
    SAN ANTONIO-NEW BRAUNFELS, TX ATASCOSA 2022 $449,650 $575,600 $695,800 $864,700
    SAN ANTONIO-NEW BRAUNFELS, TX BANDERA 2022 $449,650 $575,600 $695,800 $864,700
    SAN ANTONIO-NEW BRAUNFELS, TX BEXAR 2022 $449,650 $575,600 $695,800 $864,700
    SAN ANTONIO-NEW BRAUNFELS, TX COMAL 2022 $449,650 $575,600 $695,800 $864,700
    SAN ANTONIO-NEW BRAUNFELS, TX GUADALUPE 2022 $449,650 $575,600 $695,800 $864,700
    SAN ANTONIO-NEW BRAUNFELS, TX KENDALL 2022 $449,650 $575,600 $695,800 $864,700
    SAN ANTONIO-NEW BRAUNFELS, TX MEDINA 2022 $449,650 $575,600 $695,800 $864,700
    SAN ANTONIO-NEW BRAUNFELS, TX WILSON 2022 $449,650 $575,600 $695,800 $864,700
    SAN ANTONIO-NEW BRAUNFELS, TX ATASCOSA 2023 $524,400 $671,300 $811,450 $1,008,450
    SAN ANTONIO-NEW BRAUNFELS, TX BANDERA 2023 $524,400 $671,300 $811,450 $1,008,450
    SAN ANTONIO-NEW BRAUNFELS, TX BEXAR 2023 $524,400 $671,300 $811,450 $1,008,450
    SAN ANTONIO-NEW BRAUNFELS, TX COMAL 2023 $524,400 $671,300 $811,450 $1,008,450
    SAN ANTONIO-NEW BRAUNFELS, TX GUADALUPE 2023 $524,400 $671,300 $811,450 $1,008,450
    SAN ANTONIO-NEW BRAUNFELS, TX KENDALL 2023 $524,400 $671,300 $811,450 $1,008,450
    SAN ANTONIO-NEW BRAUNFELS, TX MEDINA 2023 $524,400 $671,300 $811,450 $1,008,450
    SAN ANTONIO-NEW BRAUNFELS, TX WILSON 2023 $524,400 $671,300 $811,450 $1,008,450

    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).