Stephenville FHA Loan Rates, Closing Costs & Stats
Stephenville, 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.
Stephenville's 28 lenders originated 57 FHA loans during 2023. The total origination value was $14,125,000, with an average FHA loan value of $247,807.
Stephenville FHA Loans, 30 Year Fixed Rates
30 Year FHA mortgages in Stephenville
averaged
6.22%
for the week of 2024-10-04, compared to the national average (all FHA variants) of
5.885% for the same period.
Stephenville's average FHA mortgage closing costs are $8,227.
The average rate for the prior week (2024-09-27) was
6.31% and
one month ago for the week of 2024-08-30, the
average rate was 6.47%.
The average rate one year ago was 7.61%.
For refis of the same type during the week of 2024-10-04, the average rate
was 5.69%.
Stephenville 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 Stephenville level.
The top Stephenville FHA lender as defined by loan originations is GUILD MORTGAGE COMPANY, with
11 FHA loans originated. Their average total fees are
$13,462, which is $268
higher than the next largest lender,
CARDINAL FINANCIAL.
The lowest fee Stephenville FHA lenders (with over 10 loans originated) are
GUILD MORTGAGE COMPANY ($13,462), .
The lowest rate Stephenville FHA lenders (with over 10 loans originated) are
GUILD MORTGAGE COMPANY (6.78%), .
Stephenville FHA Loan Limits
Metro | County | Year | Single Family Limit | 2 Family Limit | 3 Family Limit | 4 Family Limit |
---|---|---|---|---|---|---|
STEPHENVILLE, TX | ERATH | 2022 | $420,680 | $538,650 | $651,050 | $809,150 |
STEPHENVILLE, TX | ERATH | 2023 | $472,030 | $604,400 | $730,525 | $907,900 |
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Stephenville (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 | $199,675 (9.6%) | $245,891 (6.1%) | 0.00 | 98 |
2018-02-01 | $199,075 (4.0%) | $242,428 (-2.3%) | 0.00 | 107 |
2018-03-01 | $215,000 (9.2%) | $259,247 (5.2%) | 0.00 | 104 |
2018-04-01 | $232,750 (16.4%) | $270,352 (8.1%) | 0.00 | 95 |
2018-05-01 | $239,500 (9.4%) | $281,799 (10.3%) | 0.00 | 88 |
2018-06-01 | $241,000 (10.1%) | $274,290 (6.8%) | 0.00 | 94 |
2018-07-01 | $236,500 (0.6%) | $265,757 (-2.2%) | 0.00 | 106 |
2018-08-01 | $202,375 (-11.9%) | $245,609 (-6.4%) | 0.00 | 114 |
2018-09-01 | $229,000 (0.0%) | $262,133 (-1.6%) | 0.00 | 102 |
2018-10-01 | $223,475 (-0.4%) | $271,782 (2.7%) | 0.00 | 87 |
2018-11-01 | $234,000 (7.5%) | $272,664 (2.2%) | 0.00 | 88 |
2018-12-01 | $215,000 (7.6%) | $267,946 (4.3%) | 0.00 | 95 |
2019-01-01 | $227,750 (14.1%) | $278,521 (13.3%) | 0.00 | 88 |
2019-02-01 | $205,875 (3.4%) | $263,493 (8.7%) | 0.00 | 85 |
2019-03-01 | $203,571 (-5.3%) | $256,386 (-1.1%) | 0.00 | 89 |
2019-04-01 | $199,000 (-14.5%) | $264,129 (-2.3%) | 0.00 | 93 |
2019-05-01 | $187,200 (-21.8%) | $270,260 (-4.1%) | 0.00 | 95 |
2019-06-01 | $185,250 (-23.1%) | $283,148 (3.2%) | 0.00 | 102 |
2019-07-01 | $215,475 (-8.9%) | $295,060 (11.0%) | 0.00 | 99 |
2019-08-01 | $237,818 (17.5%) | $323,553 (31.7%) | 0.00 | 103 |
2019-09-01 | $244,670 (6.8%) | $310,301 (18.4%) | 0.00 | 109 |
2019-10-01 | $259,000 (15.9%) | $313,218 (15.3%) | 0.00 | 108 |
2019-11-01 | $276,250 (18.1%) | $361,205 (32.5%) | 0.00 | 107 |
2019-12-01 | $285,750 (32.9%) | $374,383 (39.7%) | 0.00 | 93 |
2020-01-01 | $275,950 (21.2%) | $372,781 (33.8%) | 0.00 | 83 |
2020-02-01 | $294,700 (43.2%) | $375,568 (42.5%) | 0.00 | 85 |
2020-03-01 | $274,000 (34.6%) | $370,311 (44.4%) | 0.00 | 94 |
2020-04-01 | $257,000 (29.2%) | $359,258 (36.0%) | 0.00 | 92 |
2020-05-01 | $249,900 (33.5%) | $317,531 (17.5%) | 0.00 | 92 |
2020-06-01 | $249,675 (34.8%) | $315,679 (11.5%) | 0.00 | 89 |
2020-07-01 | $246,625 (14.5%) | $299,202 (1.4%) | 0.00 | 95 |
2020-08-01 | $242,475 (2.0%) | $302,973 (-6.4%) | 0.00 | 104 |
2020-09-01 | $238,750 (-2.4%) | $315,506 (1.7%) | 0.00 | 102 |
2020-10-01 | $234,500 (-9.5%) | $319,276 (1.9%) | 0.00 | 90 |
2020-11-01 | $235,000 (-14.9%) | $343,937 (-4.8%) | 0.00 | 84 |
2020-12-01 | $241,625 (-15.4%) | $385,411 (3.0%) | 0.00 | 76 |
2021-01-01 | $238,500 (-13.6%) | $388,352 (4.2%) | 0.00 | 55 |
2021-02-01 | $277,200 (-5.9%) | $399,595 (6.4%) | 0.00 | 45 |
2021-03-01 | $273,225 (-0.3%) | $402,563 (8.7%) | 0.00 | 30 |
2021-04-01 | $287,000 (11.7%) | $419,424 (16.8%) | 0.00 | 36 |
2021-05-01 | $252,500 (1.0%) | $402,504 (26.8%) | 0.00 | 40 |
2021-06-01 | $246,125 (-1.4%) | $373,044 (18.2%) | 0.00 | 56 |
2021-07-01 | $243,450 (-1.3%) | $374,894 (25.3%) | 0.00 | 67 |
2021-08-01 | $270,000 (11.4%) | $416,567 (37.5%) | 0.00 | 69 |
2021-09-01 | $296,875 (24.4%) | $441,207 (39.8%) | 0.00 | 79 |
2021-10-01 | $304,950 (30.0%) | $436,214 (36.6%) | 0.00 | 72 |
2021-11-01 | $285,500 (21.5%) | $445,276 (29.5%) | 0.00 | 67 |
2021-12-01 | $289,700 (19.9%) | $461,439 (19.7%) | 0.00 | 52 |
2022-01-01 | $275,000 (15.3%) | $449,438 (15.7%) | 0.00 | 46 |
2022-02-01 | $284,700 (2.7%) | $438,511 (9.7%) | 0.00 | 43 |
2022-03-01 | $375,975 (37.6%) | $649,664 (61.4%) | 0.00 | 37 |
2022-04-01 | $394,450 (37.4%) | $656,162 (56.4%) | 0.00 | 52 |
2022-05-01 | $402,425 (59.4%) | $667,403 (65.8%) | 0.00 | 70 |
2022-06-01 | $406,175 (65.0%) | $663,588 (77.9%) | 0.00 | 92 |
2022-07-01 | $464,950 (91.0%) | $647,240 (72.7%) | 0.00 | 108 |
2022-08-01 | $493,750 (82.9%) | $661,067 (58.7%) | 0.00 | 120 |
2022-09-01 | $494,750 (66.7%) | $652,194 (47.8%) | 0.00 | 113 |
2022-10-01 | $444,500 (45.8%) | $603,676 (38.4%) | 0.00 | 121 |
2022-11-01 | $403,500 (41.3%) | $575,561 (29.3%) | 0.00 | 123 |
2022-12-01 | $398,000 (37.4%) | $578,572 (25.4%) | 0.00 | 125 |
2023-01-01 | $410,000 (49.1%) | $608,685 (35.4%) | 0.00 | 109 |
2023-02-01 | $478,500 (68.1%) | $603,472 (37.6%) | 0.00 | 112 |
2023-03-01 | $491,175 (30.6%) | $619,148 (-4.7%) | 0.00 | 112 |
2023-04-01 | $499,000 (26.5%) | $662,742 (1.0%) | 0.00 | 113 |
2023-05-01 | $504,850 (25.5%) | $716,601 (7.4%) | 0.00 | 111 |
2023-06-01 | $507,975 (25.1%) | $728,739 (9.8%) | 0.00 | 119 |
2023-07-01 | $499,000 (7.3%) | $726,230 (12.2%) | 0.00 | 131 |
2023-08-01 | $487,222 (-1.3%) | $758,755 (14.8%) | 0.00 | 149 |
2023-09-01 | $488,450 (-1.3%) | $744,028 (14.1%) | 0.00 | 158 |
2023-10-01 | $472,000 (6.2%) | $689,448 (14.2%) | 0.00 | 180 |
2023-11-01 | $470,375 (16.6%) | $717,598 (24.7%) | 0.00 | 171 |
2023-12-01 | $471,750 (18.5%) | $732,603 (26.6%) | 0.00 | 150 |
2024-01-01 | $435,125 (6.1%) | $747,242 (22.8%) | 0.00 | 137 |
2024-02-01 | $440,625 (-7.9%) | $776,498 (28.7%) | 0.00 | 131 |
2024-03-01 | $474,750 (-3.3%) | $784,691 (26.7%) | 0.00 | 140 |
2024-04-01 | $475,000 (-4.8%) | $721,061 (8.8%) | 0.00 | 140 |
2024-05-01 | $475,000 (-5.9%) | $736,700 (2.8%) | 0.00 | 140 |
2024-06-01 | $465,000 (-8.5%) | $679,936 (-6.7%) | 0.00 | 161 |
2024-07-01 | $468,000 (-6.2%) | $679,552 (-6.4%) | 0.00 | 168 |
2024-08-01 | $449,900 (-7.7%) | $654,946 (-13.7%) | 0.00 | 173 |
2024-09-01 | $444,225 (-9.1%) | $661,243 (-11.1%) | 0.00 | 185 |
Stephenville's median listing price comes in at 0% of the national average.
Stephenville's average listing price for 2024-09-01 was $661,243, a difference of $-82,785 (-11.1%) versus the prior year and $6,297 versus the prior month.
For the 2024-09-01 period, Stephenville had 185 MLS listings, a difference of 12 listings (7%) versus the prior month and 27 listings (17%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Stephenville (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,774 sqft |
2018-02-01 | 0 days | 1,775 sqft |
2018-03-01 | 0 days | 1,892 sqft |
2018-04-01 | 0 days | 1,953 sqft |
2018-05-01 | 0 days | 1,949 sqft |
2018-06-01 | 0 days | 1,993 sqft |
2018-07-01 | 0 days | 1,974 sqft |
2018-08-01 | 0 days | 1,930 sqft |
2018-09-01 | 0 days | 1,931 sqft |
2018-10-01 | 0 days | 1,935 sqft |
2018-11-01 | 0 days | 1,898 sqft |
2018-12-01 | 0 days | 1,950 sqft |
2019-01-01 | 0 days | 2,030 sqft |
2019-02-01 | 0 days | 1,927 sqft |
2019-03-01 | 0 days | 1,865 sqft |
2019-04-01 | 0 days | 1,801 sqft |
2019-05-01 | 0 days | 1,792 sqft |
2019-06-01 | 0 days | 1,904 sqft |
2019-07-01 | 0 days | 1,971 sqft |
2019-08-01 | 0 days | 2,025 sqft |
2019-09-01 | 0 days | 2,070 sqft |
2019-10-01 | 0 days | 2,123 sqft |
2019-11-01 | 0 days | 2,135 sqft |
2019-12-01 | 0 days | 2,068 sqft |
2020-01-01 | 0 days | 2,043 sqft |
2020-02-01 | 0 days | 2,122 sqft |
2020-03-01 | 0 days | 2,091 sqft |
2020-04-01 | 0 days | 2,072 sqft |
2020-05-01 | 0 days | 2,096 sqft |
2020-06-01 | 0 days | 2,168 sqft |
2020-07-01 | 0 days | 2,130 sqft |
2020-08-01 | 0 days | 2,000 sqft |
2020-09-01 | 0 days | 1,982 sqft |
2020-10-01 | 0 days | 1,951 sqft |
2020-11-01 | 0 days | 2,017 sqft |
2020-12-01 | 0 days | 2,039 sqft |
2021-01-01 | 0 days | 1,959 sqft |
2021-02-01 | 0 days | 1,971 sqft |
2021-03-01 | 0 days | 1,952 sqft |
2021-04-01 | 0 days | 1,905 sqft |
2021-05-01 | 0 days | 1,812 sqft |
2021-06-01 | 0 days | 1,795 sqft |
2021-07-01 | 0 days | 1,720 sqft |
2021-08-01 | 0 days | 1,813 sqft |
2021-09-01 | 0 days | 1,962 sqft |
2021-10-01 | 0 days | 1,927 sqft |
2021-11-01 | 0 days | 1,799 sqft |
2021-12-01 | 0 days | 1,716 sqft |
2022-01-01 | 0 days | 1,796 sqft |
2022-02-01 | 0 days | 1,806 sqft |
2022-03-01 | 0 days | 1,927 sqft |
2022-04-01 | 0 days | 1,925 sqft |
2022-05-01 | 0 days | 1,938 sqft |
2022-06-01 | 0 days | 1,916 sqft |
2022-07-01 | 0 days | 1,904 sqft |
2022-08-01 | 0 days | 1,962 sqft |
2022-09-01 | 0 days | 1,900 sqft |
2022-10-01 | 0 days | 1,861 sqft |
2022-11-01 | 0 days | 1,860 sqft |
2022-12-01 | 0 days | 1,896 sqft |
2023-01-01 | 0 days | 1,907 sqft |
2023-02-01 | 0 days | 1,911 sqft |
2023-03-01 | 0 days | 2,030 sqft |
2023-04-01 | 0 days | 2,052 sqft |
2023-05-01 | 0 days | 2,088 sqft |
2023-06-01 | 0 days | 2,080 sqft |
2023-07-01 | 0 days | 2,070 sqft |
2023-08-01 | 0 days | 2,055 sqft |
2023-09-01 | 0 days | 2,048 sqft |
2023-10-01 | 0 days | 2,018 sqft |
2023-11-01 | 0 days | 2,000 sqft |
2023-12-01 | 0 days | 2,004 sqft |
2024-01-01 | 0 days | 1,954 sqft |
2024-02-01 | 0 days | 1,942 sqft |
2024-03-01 | 0 days | 2,000 sqft |
2024-04-01 | 0 days | 1,978 sqft |
2024-05-01 | 0 days | 1,970 sqft |
2024-06-01 | 0 days | 1,905 sqft |
2024-07-01 | 0 days | 1,937 sqft |
2024-08-01 | 0 days | 1,917 sqft |
2024-09-01 | 0 days | 1,914 sqft |
Stephenville's median square footage for active listings during the 2024-09-01 period was 1,914 sqft. One year prior, the average listing was 2,048 sqft.