Uvalde FHA Loan Rates, Closing Costs & Stats

Uvalde, 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.

    Uvalde's 18 lenders originated 42 FHA loans during 2023. The total origination value was $8,580,000, with an average FHA loan value of $204,286.

    Uvalde FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Uvalde averaged 6.78% for the week of 2024-04-19, compared to the national average (all FHA variants) of 6.855% for the same period.

    Uvalde's average FHA mortgage closing costs are $7,683.

    The average rate for the prior week (2024-04-12) was 6.57% and one month ago for the week of 2024-03-15, the average rate was 6.64%.

    The average rate one year ago was 6.17%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.86%.

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

    Uvalde 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 Uvalde level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    GUILD MORTGAGE COMPANY 6 7.52% $9,423
    TOWNE MORTGAGE COMPANY 4 6.68% $13,155
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 4 7.25% $10,434
    ACADEMY MORTGAGE CORPORATION 3 6.04% $13,599
    MORTGAGE FINANCIAL SERVICES, LLC 3 6.54% $7,153
    Wallick & Volk, Inc. 2 6.50% $7,810
    AMCAP MORTGAGE, LTD. 2 6.81% $9,235
    GUARANTEED RATE, INC. 2 6.25% $12,828
    PENTAGON FEDERAL CREDIT UNION 2 5.25% $11,208
    PRIMELENDING, A PLAINSCAPITAL COMPANY 2 6.25% $7,552
    UNITED WHOLESALE MORTGAGE, LLC 2 6.44% $7,148
    V.I.P. MORTGAGE, INC. 1 5.75% $11,523
    QUICKEN LOANS, LLC 1 6.38% $18,624
    TOTAL MORTGAGE SERVICES, LLC 1 6.63% $7,473
    Century Mortgage Company DBA Century Lending Company 1 6.25% $12,353
    Loan Simple, Inc. 1 6.38% $10,661
    CANOPY MORTGAGE, LLC 1 6.13% $12,157
    Plains Commerce Bank 1 5.50% $9,362

    The top Uvalde FHA lender as defined by loan originations is GUILD MORTGAGE COMPANY, with 6 FHA loans originated. Their average total fees are $9,423, which is $3,732 lower than the next largest lender, TOWNE MORTGAGE COMPANY.

    The lowest fee Uvalde FHA lenders (with over 10 loans originated) are .

    The lowest rate Uvalde FHA lenders (with over 10 loans originated) are .

    Uvalde FHA Loan Limits

    Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
    UVALDE, TX UVALDE 2022 $420,680 $538,650 $651,050 $809,150
    UVALDE, TX UVALDE 2023 $472,030 $604,400 $730,525 $907,900

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Uvalde (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 $218,625 (14.3%) $303,932 (22.6%) 0.00 116
    2018-02-01 $208,225 (8.2%) $275,725 (11.7%) 0.00 114
    2018-03-01 $214,250 (-0.1%) $257,558 (-9.5%) 0.00 121
    2018-04-01 $218,500 (1.6%) $291,152 (5.3%) 0.00 124
    2018-05-01 $235,500 (18.9%) $338,638 (31.4%) 0.00 119
    2018-06-01 $239,750 (26.2%) $359,906 (41.3%) 0.00 121
    2018-07-01 $239,250 (20.5%) $363,722 (40.0%) 0.00 123
    2018-08-01 $223,500 (6.4%) $305,796 (14.3%) 0.00 131
    2018-09-01 $219,950 (10.1%) $296,212 (13.0%) 0.00 120
    2018-10-01 $222,500 (12.9%) $304,070 (14.9%) 0.00 112
    2018-11-01 $217,000 (2.1%) $288,255 (-0.4%) 0.00 119
    2018-12-01 $204,900 (-4.7%) $278,501 (-7.7%) 0.00 117
    2019-01-01 $204,950 (-6.3%) $277,158 (-8.8%) 0.00 101
    2019-02-01 $213,250 (2.4%) $288,725 (4.7%) 0.00 101
    2019-03-01 $219,514 (2.5%) $297,840 (15.6%) 0.00 106
    2019-04-01 $219,064 (0.3%) $304,233 (4.5%) 0.00 111
    2019-05-01 $239,250 (1.6%) $315,319 (-6.9%) 0.00 114
    2019-06-01 $234,000 (-2.4%) $305,017 (-15.3%) 0.00 113
    2019-07-01 $233,250 (-2.5%) $299,004 (-17.8%) 0.00 116
    2019-08-01 $234,455 (4.9%) $307,684 (0.6%) 0.00 113
    2019-09-01 $231,386 (5.2%) $309,449 (4.5%) 0.00 108
    2019-10-01 $229,341 (3.1%) $311,898 (2.6%) 0.00 105
    2019-11-01 $239,000 (10.1%) $316,349 (9.8%) 0.00 100
    2019-12-01 $242,200 (18.2%) $321,424 (15.4%) 0.00 98
    2020-01-01 $262,500 (28.1%) $338,101 (22.0%) 0.00 95
    2020-02-01 $260,000 (21.9%) $334,958 (16.0%) 0.00 92
    2020-03-01 $271,750 (23.8%) $350,563 (17.7%) 0.00 97
    2020-04-01 $282,000 (28.7%) $351,687 (15.6%) 0.00 95
    2020-05-01 $287,000 (20.0%) $353,362 (12.1%) 0.00 95
    2020-06-01 $314,000 (34.2%) $388,835 (27.5%) 0.00 94
    2020-07-01 $334,000 (43.2%) $417,118 (39.5%) 0.00 78
    2020-08-01 $294,000 (25.4%) $393,523 (27.9%) 0.00 76
    2020-09-01 $292,000 (26.2%) $372,436 (20.4%) 0.00 78
    2020-10-01 $282,500 (23.2%) $378,505 (21.4%) 0.00 84
    2020-11-01 $291,500 (22.0%) $419,965 (32.8%) 0.00 79
    2020-12-01 $287,000 (18.5%) $387,656 (20.6%) 0.00 73
    2021-01-01 $292,000 (11.2%) $393,374 (16.4%) 0.00 64
    2021-02-01 $282,000 (8.5%) $354,405 (5.8%) 0.00 62
    2021-03-01 $291,500 (7.3%) $351,243 (0.2%) 0.00 55
    2021-04-01 $292,450 (3.7%) $369,500 (5.1%) 0.00 48
    2021-05-01 $287,450 (0.2%) $370,416 (4.8%) 0.00 39
    2021-06-01 $304,975 (-2.9%) $401,443 (3.2%) 0.00 31
    2021-07-01 $269,500 (-19.3%) $466,721 (11.9%) 0.00 41
    2021-08-01 $312,000 (6.1%) $483,035 (22.8%) 0.00 41
    2021-09-01 $331,175 (13.4%) $420,596 (12.9%) 0.00 41
    2021-10-01 $295,000 (4.4%) $390,766 (3.2%) 0.00 32
    2021-11-01 $303,725 (4.2%) $404,914 (-3.6%) 0.00 33
    2021-12-01 $306,200 (6.7%) $397,060 (2.4%) 0.00 31
    2022-01-01 $277,000 (-5.1%) $358,610 (-8.8%) 0.00 35
    2022-02-01 $263,450 (-6.6%) $449,439 (26.8%) 0.00 33
    2022-03-01 $267,450 (-8.3%) $462,717 (31.7%) 0.00 36
    2022-04-01 $312,000 (6.7%) $427,582 (15.7%) 0.00 39
    2022-05-01 $342,250 (19.1%) $481,176 (29.9%) 0.00 40
    2022-06-01 $307,125 (0.7%) $469,077 (16.9%) 0.00 50
    2022-07-01 $310,000 (15.0%) $440,497 (-5.6%) 0.00 62
    2022-08-01 $341,225 (9.4%) $463,444 (-4.1%) 0.00 74
    2022-09-01 $366,500 (10.7%) $487,653 (15.9%) 0.00 77
    2022-10-01 $345,450 (17.1%) $490,542 (25.5%) 0.00 77
    2022-11-01 $335,900 (10.6%) $453,582 (12.0%) 0.00 80
    2022-12-01 $364,999 (19.2%) $472,656 (19.0%) 0.00 77
    2023-01-01 $332,425 (20.0%) $431,171 (20.2%) 0.00 82
    2023-02-01 $327,000 (24.1%) $422,803 (-5.9%) 0.00 75
    2023-03-01 $340,950 (27.5%) $458,912 (-0.8%) 0.00 78
    2023-04-01 $312,450 (0.1%) $465,494 (8.9%) 0.00 72
    2023-05-01 $285,000 (-16.7%) $438,191 (-8.9%) 0.00 83
    2023-06-01 $284,725 (-7.3%) $407,482 (-13.1%) 0.00 81
    2023-07-01 $319,450 (3.1%) $419,430 (-4.8%) 0.00 81
    2023-08-01 $325,000 (-4.8%) $458,557 (-1.1%) 0.00 88
    2023-09-01 $347,450 (-5.2%) $472,208 (-3.2%) 0.00 91
    2023-10-01 $351,225 (1.7%) $490,573 (0.0%) 0.00 97
    2023-11-01 $349,500 (4.1%) $479,429 (5.7%) 0.00 97
    2023-12-01 $370,000 (1.4%) $495,670 (4.9%) 0.00 83
    2024-01-01 $365,000 (9.8%) $523,070 (21.3%) 0.00 75
    2024-02-01 $348,000 (6.4%) $512,218 (21.2%) 0.00 80
    2024-03-01 $357,500 (4.9%) $539,645 (17.6%) 0.00 97
    Uvalde's median listing price for 2024-03-01 was $357,500, a difference of $16,550 (4.9%) versus the prior year and $9,500 versus the prior month.

    Uvalde's median listing price comes in at 0% of the national average.

    Uvalde's average listing price for 2024-03-01 was $539,645, a difference of $80,733 (17.6%) versus the prior year and $27,427 versus the prior month.

    For the 2024-03-01 period, Uvalde had 97 MLS listings, a difference of 17 listings (21%) versus the prior month and 19 listings (24%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Uvalde (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 2,090 sqft
    2018-02-01 0 days 2,009 sqft
    2018-03-01 0 days 2,047 sqft
    2018-04-01 0 days 2,061 sqft
    2018-05-01 0 days 2,079 sqft
    2018-06-01 0 days 2,109 sqft
    2018-07-01 0 days 2,144 sqft
    2018-08-01 0 days 2,097 sqft
    2018-09-01 0 days 2,016 sqft
    2018-10-01 0 days 2,049 sqft
    2018-11-01 0 days 2,004 sqft
    2018-12-01 0 days 1,995 sqft
    2019-01-01 0 days 1,966 sqft
    2019-02-01 0 days 2,003 sqft
    2019-03-01 0 days 2,048 sqft
    2019-04-01 0 days 2,063 sqft
    2019-05-01 0 days 2,088 sqft
    2019-06-01 0 days 2,078 sqft
    2019-07-01 0 days 2,001 sqft
    2019-08-01 0 days 2,010 sqft
    2019-09-01 0 days 2,022 sqft
    2019-10-01 0 days 2,031 sqft
    2019-11-01 0 days 2,016 sqft
    2019-12-01 0 days 2,109 sqft
    2020-01-01 0 days 2,125 sqft
    2020-02-01 0 days 2,183 sqft
    2020-03-01 0 days 2,259 sqft
    2020-04-01 0 days 2,308 sqft
    2020-05-01 0 days 2,286 sqft
    2020-06-01 0 days 2,266 sqft
    2020-07-01 0 days 2,446 sqft
    2020-08-01 0 days 2,258 sqft
    2020-09-01 0 days 2,167 sqft
    2020-10-01 0 days 2,150 sqft
    2020-11-01 0 days 2,243 sqft
    2020-12-01 0 days 2,319 sqft
    2021-01-01 0 days 2,362 sqft
    2021-02-01 0 days 2,318 sqft
    2021-03-01 0 days 2,291 sqft
    2021-04-01 0 days 2,195 sqft
    2021-05-01 0 days 2,206 sqft
    2021-06-01 0 days 2,283 sqft
    2021-07-01 0 days 1,967 sqft
    2021-08-01 0 days 2,108 sqft
    2021-09-01 0 days 1,857 sqft
    2021-10-01 0 days 1,656 sqft
    2021-11-01 0 days 1,653 sqft
    2021-12-01 0 days 1,662 sqft
    2022-01-01 0 days 1,653 sqft
    2022-02-01 0 days 1,632 sqft
    2022-03-01 0 days 1,687 sqft
    2022-04-01 0 days 1,706 sqft
    2022-05-01 0 days 1,729 sqft
    2022-06-01 0 days 1,804 sqft
    2022-07-01 0 days 2,020 sqft
    2022-08-01 0 days 2,142 sqft
    2022-09-01 0 days 2,149 sqft
    2022-10-01 0 days 2,020 sqft
    2022-11-01 0 days 2,024 sqft
    2022-12-01 0 days 2,158 sqft
    2023-01-01 0 days 1,900 sqft
    2023-02-01 0 days 1,862 sqft
    2023-03-01 0 days 1,858 sqft
    2023-04-01 0 days 1,854 sqft
    2023-05-01 0 days 1,782 sqft
    2023-06-01 0 days 1,760 sqft
    2023-07-01 0 days 1,756 sqft
    2023-08-01 0 days 1,800 sqft
    2023-09-01 0 days 1,859 sqft
    2023-10-01 0 days 1,857 sqft
    2023-11-01 0 days 1,852 sqft
    2023-12-01 0 days 1,960 sqft
    2024-01-01 0 days 2,063 sqft
    2024-02-01 0 days 1,868 sqft
    2024-03-01 0 days 1,952 sqft
    Uvalde's median listing age (time on market) for 2024-03-01 was 0 days.

    Uvalde's median square footage for active listings during the 2024-03-01 period was 1,952 sqft. One year prior, the average listing was 1,858 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).