Tyler FHA Loan Rates, Closing Costs & Stats

TYLER, TX

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    • 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 74 lenders originated 453 FHA loans during 2024. The total origination value was $121,795,000, with an average FHA loan value of $268,863.

    Tyler FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Tyler averaged 6.86% for the week of 2025-05-23, compared to the national average (all FHA variants) of 6.612% for the same period.

    Tyler's average FHA mortgage closing costs are $8,507.

    The average rate for the prior week (2025-05-16) was 6.69% and one month ago for the week of 2025-04-18, the average rate was 6.92%.

    The average rate one year ago was 6.89%.

    For refis of the same type during the week of 2025-05-23, the average rate was 6.48%.

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

    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.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    UNITED WHOLESALE MORTGAGE, LLC 39 6.43% $10,954
    GUILD MORTGAGE COMPANY 35 6.41% $11,469
    CMG MORTGAGE, INC. 30 7.11% $13,226
    QUICKEN LOANS, LLC 28 6.39% $12,172
    HALLMARK HOME MORTGAGE, LLC 27 7.07% $12,021
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 22 6.84% $13,062
    MORTGAGE FINANCIAL SERVICES, LLC 21 6.52% $13,786
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 15 6.74% $13,929
    CARDINAL FINANCIAL 13 6.74% $13,537
    SUMMIT FUNDING, INC. 9 6.69% $12,958
    PRIMARY RESIDENTIAL MORTGAGE, INC. 9 6.79% $11,775
    GUARANTEED RATE, INC. 8 6.50% $11,646
    ALTRA 7 6.05% $9,367
    BancorpSouth 6 6.58% $8,779
    Paramount Residential Mortgage Group, Inc. 6 6.79% $10,607
    AMERICAN FINANCIAL NETWORK, INC. 5 6.63% $11,460
    CROSSCOUNTRY MORTGAGE, LLC 5 6.58% $11,045
    S1L, Inc. 5 6.92% $12,830
    CANOPY MORTGAGE, LLC 4 6.84% $12,592
    Equity Prime Mortgage LLC 4 7.09% $13,568
    Plains Commerce Bank 4 7.50% $9,643
    FREEDOM MORTGAGE CORPORATION 4 6.00% $12,130
    PENNYMAC LOAN SERVICES, LLC 4 6.44% $9,673
    NEWREZ LLC 4 6.38% $10,782
    Texas Mortgage Lending, LLC 3 6.08% $10,569
    AmeriHome Mortgage Company, LLC 3 6.79% $6,613
    PLAZA HOME MORTGAGE, INC. 3 6.25% $16,403
    Century Mortgage Company DBA Century Lending Company 3 7.00% $14,172
    Ixonia Bank 3 6.71% $11,299
    Loan Simple, Inc. 2 7.00% $14,504
    MID AMERICA MORTGAGE, INC. 2 7.38% $12,619
    ML Mortgage Corp. 2 7.44% $11,174
    SFMC, LP 2 7.25% $11,095
    COUNTRYPLACE MORTGAGE, LTD. 2 4.75% $11,873
    EVERETT FINANCIAL, INC. 2 6.69% $11,959
    BROKER SOLUTIONS, INC. 2 6.31% $11,254
    GENEVA FINANCIAL, LLC 2 6.38% $17,547
    PRIMELENDING, A PLAINSCAPITAL COMPANY 2 6.06% $17,165
    VILLAGE CAPITAL MORTGAGE 2 6.81% $5,466
    JPMorgan Chase Bank 2 6.13% $8,239
    NBH Bank 2 6.00% $12,209
    LAKEVIEW LOAN SERVICING, LLC 2 6.50% $6,983
    LOANDEPOT.COM, LLC 2 6.75% $11,693
    Mortgage Research Center, LLC 2 7.00% $6,485
    Waterstone Mortgage Corporation 1 6.00% $28,629
    AMERICAN FINANCING CORPORATION 1 5.25% $22,559
    American Mortgage Bank, LLC 1 6.25% $16,347
    AMERICAN PORTFOLIO MORTGAGE CORPORATION 1 7.63% $6,201
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 7.00% $10,700
    Bank of America 1 6.13% $12,266
    CALCON MUTUAL MORTGAGE LLC 1 7.13% $18,800
    Carrington Mortgage Services, LLC 1 7.13% $6,404
    CREDIT UNION MORTGAGE ASSOCIATION, INC. 1 6.25% $9,224
    DIRECTIONS EQUITY, LLC 1 6.75% $16,724
    Gateway First Bank 1 6.25% $14,779
    INTEGRITY MORTGAGE CORPORATION OF TEXAS 1 6.50% $10,739
    INTELLILOAN, INC. 1 7.13% $7,677
    Lakeview Community Capital, LLC 1 6.75% $7,387
    LOANPAL, LLC 1 5.63% $16,101
    MICHIGAN MUTUAL, INC. 1 5.63% $11,341
    Mr. Cooper ( Nationstar Mortgage ) 1 5.88% $19,727
    NATIONS RELIABLE LENDING, LLC 1 5.25% $16,888
    OCEANSIDE MORTGAGE COMPANY 1 5.75% $3,369
    Origin Bank 1 5.75% $14,477
    PREMIA MORTGAGE, LLC 1 5.50% $9,347
    Prosperity Bank 1 5.25% $9,063
    Prosperity Home Mortgage, LLC 1 6.75% $7,638
    Sierra Pacific Mortgage Company, Inc. 1 6.75% $20,878
    SOUTHWEST FUNDING, LP 1 6.50% $16,987
    Strong Home Mortgage, LLC 1 5.88% $14,352
    T2 FINANCIAL LLC 1 6.38% $10,247
    TIB The Independent Bankersbank 1 6.63% $7,074
    TOWNE MORTGAGE COMPANY 1 6.38% $14,427
    ALLIED MORTGAGE GROUP, INC. 1 6.25% $4,584

    The top Tyler FHA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 39 FHA loans originated. Their average total fees are $10,954, which is $515 lower than the next largest lender, GUILD MORTGAGE COMPANY.

    The lowest fee Tyler FHA lenders (with over 10 loans originated) are UNITED WHOLESALE MORTGAGE, LLC ($10,954), GUILD MORTGAGE COMPANY ($11,469), HALLMARK HOME MORTGAGE, LLC ($12,021), QUICKEN LOANS, LLC ($12,172) and HIGHLANDS RESIDENTIAL MORTGAGE, LTD. ($13,062).

    The lowest rate Tyler FHA lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (6.39%), GUILD MORTGAGE COMPANY (6.41%), UNITED WHOLESALE MORTGAGE, LLC (6.43%), MORTGAGE FINANCIAL SERVICES, LLC (6.52%) and CARDINAL FINANCIAL (6.74%).

    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. Louis
    Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
    2018-01-01 $265,675 (9.6%) $391,658 (21.8%) 0.98 871
    2018-02-01 $268,250 (10.4%) $389,045 (20.4%) 0.97 887
    2018-03-01 $278,000 (11.7%) $395,833 (21.4%) 0.98 893
    2018-04-01 $282,481 (8.7%) $400,944 (18.1%) 0.96 913
    2018-05-01 $285,495 (9.0%) $401,777 (17.1%) 0.95 937
    2018-06-01 $274,900 (2.2%) $363,791 (-3.1%) 0.92 985
    2018-07-01 $274,100 (1.9%) $358,094 (-4.2%) 0.92 984
    2018-08-01 $265,000 (-1.8%) $346,225 (-8.9%) 0.89 992
    2018-09-01 $265,000 (-3.6%) $344,909 (-10.8%) 0.89 927
    2018-10-01 $266,750 (-3.0%) $348,552 (-10.7%) 0.90 931
    2018-11-01 $269,250 (-0.7%) $349,158 (-10.1%) 0.91 895
    2018-12-01 $275,000 (2.5%) $353,198 (-8.9%) 0.95 820
    2019-01-01 $275,575 (3.7%) $353,970 (-9.6%) 0.95 771
    2019-02-01 $269,350 (0.4%) $356,745 (-8.3%) 0.91 758
    2019-03-01 $280,100 (0.8%) $369,118 (-6.8%) 0.92 757
    2019-04-01 $294,950 (4.4%) $378,470 (-5.6%) 0.94 784
    2019-05-01 $304,950 (6.8%) $392,696 (-2.3%) 0.95 786
    2019-06-01 $299,999 (9.1%) $392,302 (7.8%) 0.94 785
    2019-07-01 $297,250 (8.5%) $380,894 (6.4%) 0.93 780
    2019-08-01 $292,273 (10.3%) $374,185 (8.1%) 0.93 771
    2019-09-01 $290,432 (9.6%) $370,592 (7.5%) 0.93 769
    2019-10-01 $289,205 (8.4%) $369,171 (5.9%) 0.93 764
    2019-11-01 $275,000 (2.1%) $358,998 (2.8%) 0.90 754
    2019-12-01 $269,450 (-2.0%) $346,649 (-1.9%) 0.90 735
    2020-01-01 $269,900 (-2.1%) $348,328 (-1.6%) 0.90 699
    2020-02-01 $269,900 (0.2%) $358,074 (0.4%) 0.88 662
    2020-03-01 $269,900 (-3.6%) $365,528 (-1.0%) 0.85 686
    2020-04-01 $274,978 (-6.8%) $363,577 (-3.9%) 0.86 688
    2020-05-01 $285,000 (-6.5%) $387,674 (-1.3%) 0.87 678
    2020-06-01 $291,013 (-3.0%) $391,928 (-0.1%) 0.86 670
    2020-07-01 $293,125 (-1.4%) $400,816 (5.2%) 0.85 623
    2020-08-01 $289,500 (-1.0%) $399,371 (6.7%) 0.83 596
    2020-09-01 $294,825 (1.5%) $400,952 (8.2%) 0.84 570
    2020-10-01 $290,000 (0.3%) $405,427 (9.8%) 0.83 503
    2020-11-01 $284,975 (3.6%) $389,446 (8.5%) 0.83 478
    2020-12-01 $295,000 (9.5%) $405,272 (16.9%) 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 (12.9%) 0.87 334
    2021-03-01 $298,700 (10.7%) $424,656 (16.2%) 0.85 300
    2021-04-01 $312,625 (13.7%) $453,425 (24.7%) 0.85 311
    2021-05-01 $342,490 (20.2%) $472,524 (21.9%) 0.91 317
    2021-06-01 $364,950 (25.4%) $522,819 (33.4%) 0.96 336
    2021-07-01 $360,000 (22.8%) $514,385 (28.3%) 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 (24.2%) 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 $364,700 (25.8%) $549,645 (40.3%) 0.99 309
    2022-02-01 $369,747 (23.4%) $555,158 (37.3%) 0.96 274
    2022-03-01 $357,850 (19.8%) $548,102 (29.1%) 0.90 265
    2022-04-01 $359,990 (15.2%) $569,936 (25.7%) 0.86 312
    2022-05-01 $382,200 (11.6%) $562,673 (19.1%) 0.87 401
    2022-06-01 $396,250 (8.6%) $571,070 (9.2%) 0.88 478
    2022-07-01 $394,700 (9.6%) $544,746 (5.9%) 0.89 555
    2022-08-01 $389,088 (9.1%) $554,800 (13.5%) 0.90 596
    2022-09-01 $392,500 (12.1%) $539,092 (8.3%) 0.92 646
    2022-10-01 $399,000 (14.0%) $539,693 (7.0%) 0.94 687
    2022-11-01 $399,450 (11.1%) $522,383 (-3.6%) 0.96 716
    2022-12-01 $403,750 (11.7%) $532,425 (-1.7%) 1.00 704
    2023-01-01 $400,000 (9.7%) $537,741 (-2.2%) 0.99 684
    2023-02-01 $405,935 (9.8%) $540,819 (-2.6%) 0.98 680
    2023-03-01 $409,950 (14.6%) $551,321 (0.6%) 0.97 684
    2023-04-01 $399,000 (10.8%) $535,826 (-6.0%) 0.93 693
    2023-05-01 $399,450 (4.5%) $533,033 (-5.3%) 0.91 707
    2023-06-01 $397,500 (0.3%) $518,146 (-9.3%) 0.89 773
    2023-07-01 $391,000 (-0.9%) $507,850 (-6.8%) 0.89 815
    2023-08-01 $385,000 (-1.1%) $511,781 (-7.8%) 0.88 863
    2023-09-01 $386,000 (-1.7%) $524,925 (-2.6%) 0.90 880
    2023-10-01 $381,850 (-4.3%) $511,190 (-5.3%) 0.90 942
    2023-11-01 $375,000 (-6.1%) $506,221 (-3.1%) 0.89 972
    2023-12-01 $375,000 (-7.1%) $503,318 (-5.5%) 0.91 948
    2024-01-01 $375,000 (-6.3%) $492,803 (-8.4%) 0.92 890
    2024-02-01 $384,450 (-5.3%) $493,644 (-8.7%) 0.93 886
    2024-03-01 $391,650 (-4.5%) $490,211 (-11.1%) 0.92 923
    2024-04-01 $395,625 (-0.9%) $489,109 (-8.7%) 0.92 894
    2024-05-01 $393,500 (-1.5%) $491,741 (-7.8%) 0.90 945
    2024-06-01 $385,000 (-3.1%) $484,085 (-6.6%) 0.88 1,046
    2024-07-01 $379,750 (-2.9%) $485,946 (-4.3%) 0.87 1,121
    2024-08-01 $380,328 (-1.2%) $486,277 (-5.0%) 0.88 1,094
    2024-09-01 $375,000 (-2.9%) $473,958 (-9.7%) 0.88 1,080
    2024-10-01 $379,250 (-0.7%) $471,132 (-7.8%) 0.89 1,102
    2024-11-01 $369,900 (-1.4%) $466,354 (-7.9%) 0.89 1,090
    2024-12-01 $374,925 (0.0%) $474,938 (-5.6%) 0.93 1,038
    2025-01-01 $371,575 (-0.9%) $473,294 (-4.0%) 0.93 990
    2025-02-01 $372,400 (-3.1%) $467,105 (-5.4%) 0.90 1,072
    2025-03-01 $374,900 (-4.3%) $477,853 (-2.5%) 0.88 1,131
    2025-04-01 $375,000 (-5.2%) $472,013 (-3.5%) 0.87 1,224
    Tyler's median listing price for 2025-04-01 was $375,000, a difference of $-20,625 (-5.2%) versus the prior year and $100 versus the prior month.

    Tyler's median listing price comes in at 87% of the national average.

    Tyler's average listing price for 2025-04-01 was $472,013, a difference of $-17,096 (-3.5%) versus the prior year and $-5,840 versus the prior month.

    For the 2025-04-01 period, Tyler had 1,224 MLS listings, a difference of 93 listings (8%) versus the prior month and 330 listings (37%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Tyler (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 87 days 2,307 sqft
    2018-02-01 77 days 2,279 sqft
    2018-03-01 66 days 2,304 sqft
    2018-04-01 63 days 2,323 sqft
    2018-05-01 59 days 2,337 sqft
    2018-06-01 57 days 2,304 sqft
    2018-07-01 60 days 2,284 sqft
    2018-08-01 65 days 2,270 sqft
    2018-09-01 72 days 2,278 sqft
    2018-10-01 67 days 2,275 sqft
    2018-11-01 67 days 2,266 sqft
    2018-12-01 78 days 2,274 sqft
    2019-01-01 86 days 2,276 sqft
    2019-02-01 83 days 2,232 sqft
    2019-03-01 68 days 2,274 sqft
    2019-04-01 54 days 2,344 sqft
    2019-05-01 49 days 2,434 sqft
    2019-06-01 51 days 2,436 sqft
    2019-07-01 53 days 2,430 sqft
    2019-08-01 57 days 2,414 sqft
    2019-09-01 59 days 2,395 sqft
    2019-10-01 60 days 2,369 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 2,144 sqft
    2020-03-01 53 days 2,175 sqft
    2020-04-01 57 days 2,181 sqft
    2020-05-01 59 days 2,208 sqft
    2020-06-01 51 days 2,262 sqft
    2020-07-01 51 days 2,233 sqft
    2020-08-01 52 days 2,235 sqft
    2020-09-01 53 days 2,252 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 2,188 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 54 days 2,029 sqft
    2022-02-01 46 days 2,062 sqft
    2022-03-01 38 days 2,002 sqft
    2022-04-01 29 days 2,001 sqft
    2022-05-01 30 days 2,050 sqft
    2022-06-01 33 days 2,104 sqft
    2022-07-01 36 days 2,074 sqft
    2022-08-01 39 days 2,050 sqft
    2022-09-01 43 days 2,093 sqft
    2022-10-01 49 days 2,138 sqft
    2022-11-01 54 days 2,143 sqft
    2022-12-01 71 days 2,172 sqft
    2023-01-01 73 days 2,126 sqft
    2023-02-01 68 days 2,150 sqft
    2023-03-01 57 days 2,170 sqft
    2023-04-01 50 days 2,113 sqft
    2023-05-01 49 days 2,176 sqft
    2023-06-01 44 days 2,130 sqft
    2023-07-01 45 days 2,097 sqft
    2023-08-01 50 days 2,097 sqft
    2023-09-01 54 days 2,102 sqft
    2023-10-01 56 days 2,097 sqft
    2023-11-01 59 days 2,081 sqft
    2023-12-01 68 days 2,075 sqft
    2024-01-01 73 days 2,081 sqft
    2024-02-01 68 days 2,093 sqft
    2024-03-01 50 days 2,095 sqft
    2024-04-01 51 days 2,113 sqft
    2024-05-01 47 days 2,114 sqft
    2024-06-01 52 days 2,087 sqft
    2024-07-01 57 days 2,071 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 65 days 2,030 sqft
    2024-12-01 69 days 2,031 sqft
    2025-01-01 77 days 2,018 sqft
    2025-02-01 69 days 2,016 sqft
    2025-03-01 54 days 2,031 sqft
    2025-04-01 53 days 2,057 sqft
    Tyler's median listing age (time on market) for 2025-04-01 was 53 days. This is 3% longer than the same period one year ago.

    Tyler's median square footage for active listings during the 2025-04-01 period was 2,057 sqft. One year prior, the average listing was 2,113 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).