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%.

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

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.

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
GUILD MORTGAGE COMPANY 11 6.78% $13,462
CARDINAL FINANCIAL 6 6.46% $13,194
Affiliated Bank 4 6.94% $10,637
UNITED WHOLESALE MORTGAGE, LLC 3 6.50% $10,861
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 3 7.04% $14,467
EVERETT FINANCIAL, INC. 2 7.13% $5,510
PENNYMAC LOAN SERVICES, LLC 2 5.94% $12,770
MID AMERICA MORTGAGE, INC. 2 8.50% $4,842
SECURITYNATIONAL MORTGAGE COMPANY 2 7.44% $8,117
NEWREZ LLC 1 6.75% $7,828
Paramount Residential Mortgage Group, Inc. 1 6.13% $8,222
Plains Commerce Bank 1 6.75% $11,299
PRIMELENDING, A PLAINSCAPITAL COMPANY 1 6.75% $18,122
Prosperity Home Mortgage, LLC 1 6.63% $7,956
QUICKEN LOANS, LLC 1 7.25% $5,409
S1L, Inc. 1 6.88% $10,209
SUN WEST MORTGAGE COMPANY, INC. 1 7.13% $12,057
TOWNE MORTGAGE COMPANY 1 7.13% $13,866
Town Square Mortgage & Investments, Inc. 1 5.75% $3,941
Nations Lending Corporation 1 6.63% $6,354
AMCAP MORTGAGE, LTD. 1 7.63% $7,758
AMERICAN FINANCIAL NETWORK, INC. 1 6.25% $21,885
BROKER SOLUTIONS, INC. 1 6.25% $7,143
First National Bank Texas 1 6.63% $10,890
First United Bank 1 6.13% $8,708
Gateway First Bank 1 7.25% $18,472
GUARANTEED RATE, INC. 1 6.25% $9,890
ACADEMY MORTGAGE CORPORATION 1 6.25% $14,684

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. Louis
Date 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 for 2024-09-01 was $444,225, a difference of $-44,225 (-9.1%) versus the prior year and $-5,675 versus the prior month.

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. Louis
Date 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 listing age (time on market) for 2024-09-01 was 0 days.

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.

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).