Texarkana FHA Loan Rates, Closing Costs & Stats
TEXARKANA, TX-AR
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.
Texarkana's 59 lenders originated 328 FHA loans during 2023. The total origination value was $63,730,000, with an average FHA loan value of $194,299.
Texarkana FHA Loans, 30 Year Fixed Rates
30 Year FHA mortgages in Texarkana
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.
Texarkana's average FHA mortgage closing costs are $6,760.
The average rate for the prior week (2024-09-27) was
5.81% and
one month ago for the week of 2024-08-30, the
average rate was 6.37%.
The average rate one year ago was 7.41%.
For refis of the same type during the week of 2024-10-04, the average rate
was 5.81%.
Texarkana 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 Texarkana level.
The top Texarkana FHA lender as defined by loan originations is MORTGAGE FINANCIAL SERVICES, LLC, with
54 FHA loans originated. Their average total fees are
$9,552, which is $2,321
higher than the next largest lender,
EVERETT FINANCIAL, INC..
The lowest fee Texarkana FHA lenders (with over 10 loans originated) are
SWBC MORTGAGE CORPORATION ($5,837), EVERETT FINANCIAL, INC. ($7,230), QUICKEN LOANS, LLC ($7,724), GUILD MORTGAGE COMPANY ($8,904) and HIGHLANDS RESIDENTIAL MORTGAGE, LTD. ($9,398).
The lowest rate Texarkana FHA lenders (with over 10 loans originated) are
UNITED WHOLESALE MORTGAGE, LLC (6.41%), QUICKEN LOANS, LLC (6.42%), MORTGAGE FINANCIAL SERVICES, LLC (6.78%), GUILD MORTGAGE COMPANY (6.82%) and HIGHLANDS RESIDENTIAL MORTGAGE, LTD. (6.87%).
Texarkana FHA Loan Limits
Metro | County | Year | Single Family Limit | 2 Family Limit | 3 Family Limit | 4 Family Limit |
---|---|---|---|---|---|---|
TEXARKANA, TX-AR | LITTLE RIVER | 2022 | $420,680 | $538,650 | $651,050 | $809,150 |
TEXARKANA, TX-AR | MILLER | 2022 | $420,680 | $538,650 | $651,050 | $809,150 |
TEXARKANA, TX-AR | BOWIE | 2022 | $420,680 | $538,650 | $651,050 | $809,150 |
TEXARKANA, TX-AR | LITTLE RIVER | 2023 | $472,030 | $604,400 | $730,525 | $907,900 |
TEXARKANA, TX-AR | MILLER | 2023 | $472,030 | $604,400 | $730,525 | $907,900 |
TEXARKANA, TX-AR | BOWIE | 2023 | $472,030 | $604,400 | $730,525 | $907,900 |
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Texarkana (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 | $136,975 (-1.2%) | $185,893 (0.1%) | 0.51 | 473 |
2018-02-01 | $135,150 (-2.8%) | $186,605 (0.8%) | 0.49 | 469 |
2018-03-01 | $140,000 (-0.7%) | $192,447 (0.4%) | 0.49 | 466 |
2018-04-01 | $156,119 (4.2%) | $203,696 (5.5%) | 0.53 | 467 |
2018-05-01 | $159,900 (0.3%) | $210,057 (7.3%) | 0.53 | 469 |
2018-06-01 | $159,900 (0.2%) | $218,528 (13.4%) | 0.53 | 510 |
2018-07-01 | $163,500 (9.4%) | $218,514 (14.5%) | 0.55 | 547 |
2018-08-01 | $169,700 (19.1%) | $219,864 (18.9%) | 0.57 | 548 |
2018-09-01 | $166,125 (14.6%) | $217,886 (17.1%) | 0.56 | 529 |
2018-10-01 | $157,450 (9.3%) | $209,776 (13.8%) | 0.53 | 546 |
2018-11-01 | $157,500 (12.6%) | $212,487 (16.4%) | 0.53 | 554 |
2018-12-01 | $155,900 (12.2%) | $216,601 (17.9%) | 0.54 | 522 |
2019-01-01 | $155,250 (13.3%) | $213,251 (14.7%) | 0.54 | 500 |
2019-02-01 | $159,950 (18.4%) | $211,934 (13.6%) | 0.54 | 495 |
2019-03-01 | $166,957 (19.3%) | $216,118 (12.3%) | 0.55 | 487 |
2019-04-01 | $174,200 (11.6%) | $224,185 (10.1%) | 0.55 | 486 |
2019-05-01 | $171,600 (7.3%) | $217,176 (3.4%) | 0.54 | 472 |
2019-06-01 | $165,450 (3.5%) | $212,968 (-2.5%) | 0.52 | 498 |
2019-07-01 | $167,750 (2.6%) | $212,875 (-2.6%) | 0.53 | 493 |
2019-08-01 | $166,064 (-2.1%) | $213,203 (-3.0%) | 0.53 | 478 |
2019-09-01 | $161,659 (-2.7%) | $210,771 (-3.3%) | 0.52 | 481 |
2019-10-01 | $159,556 (1.3%) | $209,150 (-0.3%) | 0.51 | 481 |
2019-11-01 | $159,900 (1.5%) | $207,186 (-2.5%) | 0.52 | 464 |
2019-12-01 | $161,175 (3.4%) | $207,224 (-4.3%) | 0.54 | 421 |
2020-01-01 | $159,450 (2.7%) | $209,008 (-2.0%) | 0.53 | 370 |
2020-02-01 | $163,000 (1.9%) | $214,846 (1.4%) | 0.53 | 361 |
2020-03-01 | $157,950 (-5.4%) | $205,903 (-4.7%) | 0.50 | 366 |
2020-04-01 | $166,375 (-4.5%) | $213,144 (-4.9%) | 0.52 | 346 |
2020-05-01 | $179,450 (4.6%) | $224,877 (3.6%) | 0.55 | 304 |
2020-06-01 | $188,425 (13.9%) | $233,975 (9.9%) | 0.56 | 293 |
2020-07-01 | $197,824 (17.9%) | $242,080 (13.7%) | 0.57 | 280 |
2020-08-01 | $185,000 (11.4%) | $234,150 (9.8%) | 0.53 | 258 |
2020-09-01 | $184,850 (14.4%) | $240,405 (14.1%) | 0.53 | 234 |
2020-10-01 | $189,000 (18.5%) | $240,177 (14.8%) | 0.54 | 236 |
2020-11-01 | $185,000 (15.7%) | $238,842 (15.3%) | 0.54 | 235 |
2020-12-01 | $187,125 (16.1%) | $247,094 (19.2%) | 0.56 | 202 |
2021-01-01 | $184,900 (16.0%) | $253,718 (21.4%) | 0.55 | 182 |
2021-02-01 | $191,075 (17.2%) | $254,469 (18.4%) | 0.56 | 170 |
2021-03-01 | $195,350 (23.7%) | $259,122 (25.9%) | 0.55 | 161 |
2021-04-01 | $193,875 (16.5%) | $363,138 (70.4%) | 0.52 | 136 |
2021-05-01 | $199,900 (11.4%) | $372,681 (65.7%) | 0.53 | 134 |
2021-06-01 | $180,950 (-4.0%) | $344,953 (47.4%) | 0.48 | 142 |
2021-07-01 | $179,700 (-9.2%) | $322,468 (33.2%) | 0.47 | 168 |
2021-08-01 | $170,225 (-8.0%) | $306,602 (30.9%) | 0.45 | 188 |
2021-09-01 | $174,000 (-5.9%) | $292,226 (21.6%) | 0.46 | 197 |
2021-10-01 | $178,000 (-5.8%) | $294,760 (22.7%) | 0.47 | 213 |
2021-11-01 | $178,750 (-3.4%) | $297,029 (24.4%) | 0.48 | 226 |
2021-12-01 | $179,950 (-3.8%) | $295,872 (19.7%) | 0.49 | 229 |
2022-01-01 | $195,000 (5.5%) | $318,221 (25.4%) | 0.53 | 186 |
2022-02-01 | $223,250 (16.8%) | $334,202 (31.3%) | 0.58 | 178 |
2022-03-01 | $246,500 (26.2%) | $316,835 (22.3%) | 0.62 | 164 |
2022-04-01 | $272,500 (40.6%) | $353,032 (-2.8%) | 0.65 | 160 |
2022-05-01 | $258,500 (29.3%) | $340,701 (-8.6%) | 0.59 | 208 |
2022-06-01 | $239,800 (32.5%) | $322,975 (-6.4%) | 0.53 | 228 |
2022-07-01 | $237,000 (31.9%) | $308,644 (-4.3%) | 0.53 | 271 |
2022-08-01 | $225,975 (32.8%) | $295,166 (-3.7%) | 0.52 | 276 |
2022-09-01 | $223,625 (28.5%) | $281,971 (-3.5%) | 0.52 | 285 |
2022-10-01 | $213,450 (19.9%) | $273,162 (-7.3%) | 0.50 | 293 |
2022-11-01 | $199,700 (11.7%) | $264,871 (-10.8%) | 0.48 | 321 |
2022-12-01 | $199,000 (10.6%) | $263,046 (-11.1%) | 0.49 | 315 |
2023-01-01 | $207,225 (6.3%) | $266,335 (-16.3%) | 0.51 | 297 |
2023-02-01 | $223,450 (0.1%) | $277,803 (-16.9%) | 0.54 | 268 |
2023-03-01 | $233,950 (-5.1%) | $291,280 (-8.1%) | 0.55 | 267 |
2023-04-01 | $245,000 (-10.1%) | $302,957 (-14.2%) | 0.57 | 280 |
2023-05-01 | $279,000 (7.9%) | $318,928 (-6.4%) | 0.63 | 272 |
2023-06-01 | $259,950 (8.4%) | $314,937 (-2.5%) | 0.58 | 294 |
2023-07-01 | $245,000 (3.4%) | $305,294 (-1.1%) | 0.56 | 314 |
2023-08-01 | $249,900 (10.6%) | $316,550 (7.2%) | 0.57 | 353 |
2023-09-01 | $235,000 (5.1%) | $302,236 (7.2%) | 0.55 | 359 |
2023-10-01 | $239,450 (12.2%) | $295,558 (8.2%) | 0.56 | 380 |
2023-11-01 | $248,625 (24.5%) | $309,937 (17.0%) | 0.59 | 362 |
2023-12-01 | $252,000 (26.6%) | $302,921 (15.2%) | 0.61 | 371 |
2024-01-01 | $253,000 (22.1%) | $306,973 (15.3%) | 0.62 | 356 |
2024-02-01 | $241,350 (8.0%) | $288,187 (3.7%) | 0.58 | 363 |
2024-03-01 | $234,500 (0.2%) | $283,358 (-2.7%) | 0.55 | 391 |
2024-04-01 | $236,750 (-3.4%) | $285,526 (-5.8%) | 0.55 | 366 |
2024-05-01 | $239,900 (-14.0%) | $284,656 (-10.8%) | 0.54 | 386 |
2024-06-01 | $245,000 (-5.8%) | $287,354 (-8.8%) | 0.55 | 426 |
2024-07-01 | $246,699 (0.7%) | $288,084 (-5.6%) | 0.56 | 431 |
2024-08-01 | $245,000 (-2.0%) | $287,959 (-9.0%) | 0.57 | 440 |
2024-09-01 | $237,750 (1.2%) | $288,162 (-4.7%) | 0.00 | 454 |
Texarkana's median listing price comes in at 0% of the national average.
Texarkana's average listing price for 2024-09-01 was $288,162, a difference of $-14,074 (-4.7%) versus the prior year and $203 versus the prior month.
For the 2024-09-01 period, Texarkana had 454 MLS listings, a difference of 14 listings (3%) versus the prior month and 95 listings (26%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Texarkana (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 108 days | 1,792 sqft |
2018-02-01 | 109 days | 1,801 sqft |
2018-03-01 | 105 days | 1,821 sqft |
2018-04-01 | 75 days | 1,902 sqft |
2018-05-01 | 73 days | 1,930 sqft |
2018-06-01 | 68 days | 1,954 sqft |
2018-07-01 | 65 days | 1,949 sqft |
2018-08-01 | 68 days | 1,987 sqft |
2018-09-01 | 78 days | 1,974 sqft |
2018-10-01 | 80 days | 1,947 sqft |
2018-11-01 | 79 days | 1,957 sqft |
2018-12-01 | 89 days | 1,970 sqft |
2019-01-01 | 103 days | 1,969 sqft |
2019-02-01 | 108 days | 1,948 sqft |
2019-03-01 | 99 days | 1,962 sqft |
2019-04-01 | 83 days | 1,993 sqft |
2019-05-01 | 75 days | 2,000 sqft |
2019-06-01 | 73 days | 1,981 sqft |
2019-07-01 | 77 days | 1,990 sqft |
2019-08-01 | 73 days | 2,005 sqft |
2019-09-01 | 73 days | 1,957 sqft |
2019-10-01 | 73 days | 1,920 sqft |
2019-11-01 | 86 days | 1,920 sqft |
2019-12-01 | 95 days | 1,952 sqft |
2020-01-01 | 106 days | 1,961 sqft |
2020-02-01 | 100 days | 1,955 sqft |
2020-03-01 | 77 days | 1,880 sqft |
2020-04-01 | 75 days | 1,928 sqft |
2020-05-01 | 87 days | 1,997 sqft |
2020-06-01 | 87 days | 2,030 sqft |
2020-07-01 | 71 days | 2,070 sqft |
2020-08-01 | 66 days | 2,043 sqft |
2020-09-01 | 71 days | 2,124 sqft |
2020-10-01 | 73 days | 2,088 sqft |
2020-11-01 | 54 days | 1,982 sqft |
2020-12-01 | 67 days | 2,032 sqft |
2021-01-01 | 76 days | 2,038 sqft |
2021-02-01 | 86 days | 2,112 sqft |
2021-03-01 | 64 days | 2,127 sqft |
2021-04-01 | 52 days | 2,024 sqft |
2021-05-01 | 30 days | 1,920 sqft |
2021-06-01 | 33 days | 1,849 sqft |
2021-07-01 | 33 days | 1,796 sqft |
2021-08-01 | 44 days | 1,775 sqft |
2021-09-01 | 45 days | 1,797 sqft |
2021-10-01 | 49 days | 1,877 sqft |
2021-11-01 | 53 days | 1,836 sqft |
2021-12-01 | 55 days | 1,848 sqft |
2022-01-01 | 61 days | 1,894 sqft |
2022-02-01 | 68 days | 1,905 sqft |
2022-03-01 | 57 days | 2,002 sqft |
2022-04-01 | 36 days | 2,133 sqft |
2022-05-01 | 33 days | 2,053 sqft |
2022-06-01 | 35 days | 1,983 sqft |
2022-07-01 | 41 days | 1,944 sqft |
2022-08-01 | 48 days | 1,907 sqft |
2022-09-01 | 65 days | 1,890 sqft |
2022-10-01 | 67 days | 1,913 sqft |
2022-11-01 | 68 days | 1,877 sqft |
2022-12-01 | 80 days | 1,871 sqft |
2023-01-01 | 86 days | 1,841 sqft |
2023-02-01 | 88 days | 1,883 sqft |
2023-03-01 | 70 days | 1,950 sqft |
2023-04-01 | 61 days | 2,016 sqft |
2023-05-01 | 60 days | 2,073 sqft |
2023-06-01 | 47 days | 2,016 sqft |
2023-07-01 | 48 days | 1,946 sqft |
2023-08-01 | 56 days | 1,942 sqft |
2023-09-01 | 59 days | 1,913 sqft |
2023-10-01 | 63 days | 1,906 sqft |
2023-11-01 | 73 days | 1,920 sqft |
2023-12-01 | 80 days | 1,925 sqft |
2024-01-01 | 89 days | 1,914 sqft |
2024-02-01 | 81 days | 1,840 sqft |
2024-03-01 | 67 days | 1,807 sqft |
2024-04-01 | 72 days | 1,849 sqft |
2024-05-01 | 67 days | 1,879 sqft |
2024-06-01 | 65 days | 1,923 sqft |
2024-07-01 | 76 days | 1,920 sqft |
2024-08-01 | 79 days | 1,895 sqft |
2024-09-01 | 0 days | 1,902 sqft |
Texarkana's median square footage for active listings during the 2024-09-01 period was 1,902 sqft. One year prior, the average listing was 1,913 sqft.