Tyler FHA Loan Rates, Closing Costs & Stats
TYLER, 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.
Tyler's 69 lenders originated 442 FHA loans during 2023. The total origination value was $113,740,000, with an average FHA loan value of $257,330.
Tyler FHA Loans, 30 Year Fixed Rates
30 Year FHA mortgages in Tyler
averaged
6.24%
for the week of 2024-12-06, compared to the national average (all FHA variants) of
6.363% for the same period.
Tyler's average FHA mortgage closing costs are $8,065.
The average rate for the prior week (2024-11-29) was
6.28% and
one month ago for the week of 2024-11-01, the
average rate was 6.57%.
The average rate one year ago was 6.9%.
For refis of the same type during the week of 2024-12-06, the average rate
was 6.5%.
Tyler 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 Tyler level.
The top Tyler FHA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with
56 FHA loans originated. Their average total fees are
$10,479, which is $1,371
higher than the next largest lender,
MANN FINANCIAL INC..
The lowest fee Tyler FHA lenders (with over 10 loans originated) are
MANN FINANCIAL INC. ($9,109), GUILD MORTGAGE COMPANY ($9,592), BancorpSouth ($10,331), UNITED WHOLESALE MORTGAGE, LLC ($10,479) and HALLMARK HOME MORTGAGE, LLC ($11,020).
The lowest rate Tyler FHA lenders (with over 10 loans originated) are
BancorpSouth (6.26%), GUILD MORTGAGE COMPANY (6.39%), QUICKEN LOANS, LLC (6.54%), GUARANTEED RATE, INC. (6.61%) and UNITED WHOLESALE MORTGAGE, LLC (6.62%).
Tyler FHA Loan Limits
Metro | County | Year | Single Family Limit | 2 Family Limit | 3 Family Limit | 4 Family Limit |
---|---|---|---|---|---|---|
TYLER, TX | SMITH | 2022 | $420,680 | $538,650 | $651,050 | $809,150 |
TYLER, TX | SMITH | 2023 | $472,030 | $604,400 | $730,525 | $907,900 |
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Tyler (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 | $265,225 (9.6%) | $391,701 (21.7%) | 0.98 | 870 |
2018-02-01 | $267,625 (10.3%) | $389,085 (20.3%) | 0.97 | 886 |
2018-03-01 | $277,750 (11.6%) | $395,879 (21.4%) | 0.97 | 892 |
2018-04-01 | $282,438 (8.7%) | $400,994 (18.1%) | 0.96 | 912 |
2018-05-01 | $285,473 (9.1%) | $401,829 (17.1%) | 0.95 | 936 |
2018-06-01 | $274,900 (2.7%) | $363,676 (-3.2%) | 0.92 | 983 |
2018-07-01 | $274,000 (1.9%) | $357,958 (-4.3%) | 0.92 | 983 |
2018-08-01 | $265,000 (-1.8%) | $346,080 (-9.0%) | 0.89 | 991 |
2018-09-01 | $265,000 (-3.6%) | $344,802 (-10.9%) | 0.89 | 926 |
2018-10-01 | $265,875 (-3.3%) | $348,448 (-10.7%) | 0.90 | 930 |
2018-11-01 | $269,250 (-0.5%) | $349,021 (-10.1%) | 0.91 | 895 |
2018-12-01 | $275,000 (2.5%) | $353,121 (-9.0%) | 0.95 | 820 |
2019-01-01 | $276,425 (4.2%) | $353,979 (-9.6%) | 0.96 | 771 |
2019-02-01 | $269,700 (0.8%) | $356,842 (-8.3%) | 0.91 | 758 |
2019-03-01 | $280,100 (0.9%) | $369,130 (-6.8%) | 0.92 | 757 |
2019-04-01 | $294,950 (4.4%) | $378,495 (-5.6%) | 0.94 | 785 |
2019-05-01 | $304,950 (6.8%) | $392,852 (-2.2%) | 0.95 | 785 |
2019-06-01 | $299,900 (9.1%) | $392,423 (7.9%) | 0.94 | 782 |
2019-07-01 | $297,000 (8.4%) | $379,900 (6.1%) | 0.93 | 778 |
2019-08-01 | $291,779 (10.1%) | $373,213 (7.8%) | 0.92 | 769 |
2019-09-01 | $290,216 (9.5%) | $369,488 (7.2%) | 0.93 | 767 |
2019-10-01 | $289,174 (8.8%) | $367,975 (5.6%) | 0.93 | 763 |
2019-11-01 | $275,000 (2.1%) | $357,763 (2.5%) | 0.90 | 753 |
2019-12-01 | $269,450 (-2.0%) | $346,018 (-2.0%) | 0.90 | 735 |
2020-01-01 | $269,900 (-2.4%) | $348,328 (-1.6%) | 0.90 | 699 |
2020-02-01 | $269,900 (0.1%) | $358,346 (0.4%) | 0.88 | 661 |
2020-03-01 | $269,900 (-3.6%) | $365,769 (-0.9%) | 0.85 | 686 |
2020-04-01 | $274,993 (-6.8%) | $363,492 (-4.0%) | 0.86 | 689 |
2020-05-01 | $285,000 (-6.5%) | $387,269 (-1.4%) | 0.87 | 678 |
2020-06-01 | $290,850 (-3.0%) | $391,643 (-0.2%) | 0.86 | 669 |
2020-07-01 | $292,000 (-1.7%) | $400,572 (5.4%) | 0.85 | 622 |
2020-08-01 | $289,500 (-0.8%) | $399,299 (7.0%) | 0.83 | 594 |
2020-09-01 | $294,850 (1.6%) | $401,029 (8.5%) | 0.84 | 568 |
2020-10-01 | $290,000 (0.3%) | $405,427 (10.2%) | 0.83 | 503 |
2020-11-01 | $284,975 (3.6%) | $389,446 (8.9%) | 0.83 | 478 |
2020-12-01 | $295,000 (9.5%) | $405,272 (17.1%) | 0.88 | 436 |
2021-01-01 | $289,950 (7.4%) | $391,726 (12.5%) | 0.87 | 385 |
2021-02-01 | $299,600 (11.0%) | $404,255 (12.8%) | 0.87 | 334 |
2021-03-01 | $298,700 (10.7%) | $424,656 (16.1%) | 0.85 | 300 |
2021-04-01 | $312,500 (13.6%) | $453,549 (24.8%) | 0.85 | 310 |
2021-05-01 | $342,490 (20.2%) | $472,524 (22.0%) | 0.91 | 317 |
2021-06-01 | $364,950 (25.5%) | $522,819 (33.5%) | 0.96 | 336 |
2021-07-01 | $360,000 (23.3%) | $514,385 (28.4%) | 0.95 | 380 |
2021-08-01 | $356,700 (23.2%) | $488,691 (22.4%) | 0.95 | 432 |
2021-09-01 | $350,000 (18.7%) | $497,789 (24.1%) | 0.93 | 423 |
2021-10-01 | $349,944 (20.7%) | $504,302 (24.4%) | 0.93 | 399 |
2021-11-01 | $359,719 (26.2%) | $542,062 (39.2%) | 0.96 | 357 |
2021-12-01 | $361,519 (22.6%) | $541,818 (33.7%) | 0.98 | 349 |
2022-01-01 | $364,500 (25.7%) | $549,555 (40.3%) | 0.99 | 308 |
2022-02-01 | $368,800 (23.1%) | $555,600 (37.4%) | 0.96 | 273 |
2022-03-01 | $357,500 (19.7%) | $548,464 (29.2%) | 0.90 | 264 |
2022-04-01 | $364,990 (16.8%) | $576,841 (27.2%) | 0.87 | 298 |
2022-05-01 | $382,498 (11.7%) | $567,745 (20.2%) | 0.87 | 391 |
2022-06-01 | $397,225 (8.8%) | $571,865 (9.4%) | 0.88 | 469 |
2022-07-01 | $395,000 (9.7%) | $544,601 (5.9%) | 0.89 | 549 |
2022-08-01 | $389,638 (9.2%) | $554,014 (13.4%) | 0.90 | 589 |
2022-09-01 | $393,500 (12.4%) | $539,050 (8.3%) | 0.92 | 636 |
2022-10-01 | $399,900 (14.3%) | $540,632 (7.2%) | 0.94 | 683 |
2022-11-01 | $399,675 (11.1%) | $523,322 (-3.5%) | 0.96 | 713 |
2022-12-01 | $405,000 (12.0%) | $533,201 (-1.6%) | 1.00 | 701 |
2023-01-01 | $400,000 (9.7%) | $538,412 (-2.0%) | 0.99 | 680 |
2023-02-01 | $409,443 (11.0%) | $542,713 (-2.3%) | 0.99 | 672 |
2023-03-01 | $410,820 (14.9%) | $554,063 (1.0%) | 0.97 | 672 |
2023-04-01 | $399,700 (9.5%) | $538,296 (-6.7%) | 0.93 | 681 |
2023-05-01 | $399,450 (4.4%) | $534,790 (-5.8%) | 0.91 | 699 |
2023-06-01 | $400,000 (0.7%) | $519,942 (-9.1%) | 0.90 | 767 |
2023-07-01 | $392,000 (-0.8%) | $508,296 (-6.7%) | 0.89 | 811 |
2023-08-01 | $385,000 (-1.2%) | $512,396 (-7.5%) | 0.88 | 861 |
2023-09-01 | $385,940 (-1.9%) | $525,551 (-2.5%) | 0.90 | 877 |
2023-10-01 | $381,950 (-4.5%) | $512,004 (-5.3%) | 0.90 | 937 |
2023-11-01 | $375,000 (-6.2%) | $507,193 (-3.1%) | 0.89 | 964 |
2023-12-01 | $375,000 (-7.4%) | $503,657 (-5.5%) | 0.91 | 942 |
2024-01-01 | $375,000 (-6.3%) | $493,207 (-8.4%) | 0.92 | 883 |
2024-02-01 | $382,628 (-6.6%) | $493,989 (-9.0%) | 0.92 | 879 |
2024-03-01 | $391,650 (-4.7%) | $491,179 (-11.4%) | 0.92 | 914 |
2024-04-01 | $395,000 (-1.2%) | $489,377 (-9.1%) | 0.92 | 891 |
2024-05-01 | $395,000 (-1.1%) | $494,843 (-7.5%) | 0.89 | 940 |
2024-06-01 | $385,000 (-3.8%) | $486,901 (-6.4%) | 0.87 | 1,043 |
2024-07-01 | $379,750 (-3.1%) | $485,964 (-4.4%) | 0.87 | 1,120 |
2024-08-01 | $380,328 (-1.2%) | $486,277 (-5.1%) | 0.88 | 1,094 |
2024-09-01 | $375,000 (-2.8%) | $474,362 (-9.7%) | 0.88 | 1,080 |
2024-10-01 | $379,375 (-0.7%) | $471,255 (-8.0%) | 0.89 | 1,101 |
2024-11-01 | $369,900 (-1.4%) | $466,354 (-8.1%) | 0.00 | 1,089 |
Tyler's median listing price comes in at 0% of the national average.
Tyler's average listing price for 2024-11-01 was $466,354, a difference of $-40,839 (-8.1%) versus the prior year and $-4,901 versus the prior month.
For the 2024-11-01 period, Tyler had 1,089 MLS listings, a difference of -12 listings (-1%) versus the prior month and 125 listings (13%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Tyler (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 86 days | 2,310 sqft |
2018-02-01 | 77 days | 2,279 sqft |
2018-03-01 | 66 days | 2,304 sqft |
2018-04-01 | 63 days | 2,324 sqft |
2018-05-01 | 59 days | 2,337 sqft |
2018-06-01 | 57 days | 2,306 sqft |
2018-07-01 | 60 days | 2,285 sqft |
2018-08-01 | 65 days | 2,270 sqft |
2018-09-01 | 72 days | 2,278 sqft |
2018-10-01 | 66 days | 2,276 sqft |
2018-11-01 | 67 days | 2,267 sqft |
2018-12-01 | 77 days | 2,272 sqft |
2019-01-01 | 86 days | 2,276 sqft |
2019-02-01 | 83 days | 2,232 sqft |
2019-03-01 | 69 days | 2,274 sqft |
2019-04-01 | 54 days | 2,344 sqft |
2019-05-01 | 49 days | 2,435 sqft |
2019-06-01 | 52 days | 2,434 sqft |
2019-07-01 | 53 days | 2,429 sqft |
2019-08-01 | 57 days | 2,414 sqft |
2019-09-01 | 59 days | 2,394 sqft |
2019-10-01 | 60 days | 2,366 sqft |
2019-11-01 | 67 days | 2,301 sqft |
2019-12-01 | 71 days | 2,211 sqft |
2020-01-01 | 76 days | 2,155 sqft |
2020-02-01 | 64 days | 2,150 sqft |
2020-03-01 | 53 days | 2,177 sqft |
2020-04-01 | 57 days | 2,182 sqft |
2020-05-01 | 59 days | 2,208 sqft |
2020-06-01 | 51 days | 2,259 sqft |
2020-07-01 | 51 days | 2,230 sqft |
2020-08-01 | 52 days | 2,234 sqft |
2020-09-01 | 53 days | 2,249 sqft |
2020-10-01 | 51 days | 2,199 sqft |
2020-11-01 | 51 days | 2,204 sqft |
2020-12-01 | 64 days | 2,251 sqft |
2021-01-01 | 67 days | 2,177 sqft |
2021-02-01 | 44 days | 2,149 sqft |
2021-03-01 | 49 days | 2,147 sqft |
2021-04-01 | 33 days | 2,186 sqft |
2021-05-01 | 36 days | 2,202 sqft |
2021-06-01 | 38 days | 2,258 sqft |
2021-07-01 | 38 days | 2,201 sqft |
2021-08-01 | 38 days | 2,191 sqft |
2021-09-01 | 41 days | 2,185 sqft |
2021-10-01 | 50 days | 2,130 sqft |
2021-11-01 | 56 days | 2,133 sqft |
2021-12-01 | 55 days | 2,108 sqft |
2022-01-01 | 55 days | 2,029 sqft |
2022-02-01 | 46 days | 2,061 sqft |
2022-03-01 | 38 days | 2,001 sqft |
2022-04-01 | 30 days | 2,001 sqft |
2022-05-01 | 30 days | 2,048 sqft |
2022-06-01 | 33 days | 2,106 sqft |
2022-07-01 | 36 days | 2,075 sqft |
2022-08-01 | 39 days | 2,052 sqft |
2022-09-01 | 43 days | 2,093 sqft |
2022-10-01 | 49 days | 2,146 sqft |
2022-11-01 | 54 days | 2,145 sqft |
2022-12-01 | 70 days | 2,175 sqft |
2023-01-01 | 73 days | 2,132 sqft |
2023-02-01 | 69 days | 2,155 sqft |
2023-03-01 | 58 days | 2,180 sqft |
2023-04-01 | 50 days | 2,121 sqft |
2023-05-01 | 48 days | 2,185 sqft |
2023-06-01 | 44 days | 2,142 sqft |
2023-07-01 | 45 days | 2,099 sqft |
2023-08-01 | 50 days | 2,097 sqft |
2023-09-01 | 54 days | 2,102 sqft |
2023-10-01 | 56 days | 2,090 sqft |
2023-11-01 | 60 days | 2,082 sqft |
2023-12-01 | 70 days | 2,075 sqft |
2024-01-01 | 73 days | 2,081 sqft |
2024-02-01 | 68 days | 2,090 sqft |
2024-03-01 | 50 days | 2,095 sqft |
2024-04-01 | 51 days | 2,109 sqft |
2024-05-01 | 46 days | 2,124 sqft |
2024-06-01 | 50 days | 2,090 sqft |
2024-07-01 | 56 days | 2,070 sqft |
2024-08-01 | 61 days | 2,063 sqft |
2024-09-01 | 63 days | 2,032 sqft |
2024-10-01 | 63 days | 2,046 sqft |
2024-11-01 | 0 days | 2,030 sqft |
Tyler's median square footage for active listings during the 2024-11-01 period was 2,030 sqft. One year prior, the average listing was 2,082 sqft.