San Antonio FHA Loan Rates, Closing Costs & Stats

SAN ANTONIO-NEW BRAUNFELS, 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 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 -0.5% for the week of 2024-06-21, compared to the national average (all FHA variants) of 0% for the same period.

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

The average rate for the prior week (2024-06-14) was 6.3% and one month ago for the week of 2024-05-17, the average rate was 6.25%.

The average rate one year ago was 6.03%.

For refis of the same type during the week of 2024-06-21, the average rate was -0.17%.

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).