Lufkin FHA Loan Rates, Closing Costs & Stats

Lufkin, 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.

    Lufkin's 54 lenders originated 182 FHA loans during 2024. The total origination value was $41,360,000, with an average FHA loan value of $227,253.

    Lufkin FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Lufkin averaged 6.6% for the week of 2025-07-18, compared to the national average (all FHA variants) of 6.527% for the same period.

    Lufkin's average FHA mortgage closing costs are $8,431.

    The average rate for the prior week (2025-07-11) was 7% and one month ago for the week of 2025-06-13, the average rate was 6.96%.

    The average rate one year ago was 7.02%.

    For refis of the same type during the week of 2025-07-18, the average rate was 6.33%.

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

    Lufkin 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 Lufkin level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 14 6.93% $12,223
    UNITED WHOLESALE MORTGAGE, LLC 14 6.79% $10,597
    FREEDOM MORTGAGE CORPORATION 9 6.30% $11,488
    VAN DYK MORTGAGE CORPORATION 9 6.31% $8,363
    EUSTIS AND AMERICAN MORTGAGE COMPANY 8 6.66% $6,458
    Commercial Bank of Texas 7 6.30% $9,531
    Waterstone Mortgage Corporation 6 6.92% $9,816
    QUICKEN LOANS, LLC 6 6.10% $12,527
    Southside Bank 5 6.25% $7,319
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 4 6.91% $6,480
    NATIONS RELIABLE LENDING, LLC 4 6.19% $13,124
    American Mortgage & Equity Consultants, Inc. 4 6.88% $10,695
    MOVEMENT MORTGAGE, LLC 4 6.91% $11,059
    HALLMARK HOME MORTGAGE, LLC 3 6.46% $12,791
    MORTGAGE FINANCIAL SERVICES, LLC 3 6.46% $15,318
    CMG MORTGAGE, INC. 3 7.04% $12,819
    First National Bank Texas 2 6.13% $7,427
    JPMorgan Chase Bank 2 6.50% $5,991
    GUILD MORTGAGE COMPANY 2 6.25% $9,492
    Flagstar Bank, FSB 2 5.88% $8,615
    V.I.P. MORTGAGE, INC. 2 6.81% $10,178
    Loan Simple, Inc. 2 6.38% $13,265
    BancorpSouth 2 5.88% $10,326
    Mortgage Research Center, LLC 1 7.25% $3,892
    NEWREZ LLC 1 6.25% $6,369
    Paramount Residential Mortgage Group, Inc. 1 7.13% $9,454
    PLAZA HOME MORTGAGE, INC. 1 6.25% $14,645
    PREMIA MORTGAGE, LLC 1 6.13% $17,603
    PRIMARY RESIDENTIAL MORTGAGE, INC. 1 6.88% $7,836
    Regions Bank 1 7.25% $12,529
    AMERICAN FINANCIAL RESOURCES, INC. 1 7.00% $11,170
    ZILLOW HOME LOANS, LLC 1 6.63% $9,112
    AMERICAN HOMESTAR MORTGAGE, L.L.C. 1 7.00% $13,267
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 7.25% $11,494
    AMERICAN PORTFOLIO MORTGAGE CORPORATION 1 6.75% $7,574
    AmeriHome Mortgage Company, LLC 1 6.63% $6,035
    Bank of America 1 7.38% $9,894
    BROKER SOLUTIONS, INC. 1 7.13% $12,121
    CALCON MUTUAL MORTGAGE LLC 1 6.49% $12,822
    CANOPY MORTGAGE, LLC 1 6.63% $12,545
    Carrington Mortgage Services, LLC 1 6.50% $9,144
    Century Mortgage Company DBA Century Lending Company 1 5.99% $12,842
    Commerce Bank 1 7.00% $7,819
    CROSSCOUNTRY MORTGAGE, LLC 1 7.00% $12,816
    Equity Prime Mortgage LLC 1 5.75% $17,030
    GUARANTEED RATE, INC. 1 5.23% $10,439
    Home Mortgage Alliance Corp 1 6.50% $11,234
    HOMESIDE FINANCIAL, LLC 1 6.75% $11,088
    HOMETRUST MORTGAGE COMPANY 1 7.00% $8,725
    Ixonia Bank 1 6.75% $9,508
    LEADERONE FINANCIAL CORPORATION 1 7.75% $10,709
    LEGEND LENDING CORPORATION 1 6.63% $15,675
    MEMBER FIRST MORTGAGE, LLC 1 6.00% $12,891
    MID AMERICA MORTGAGE, INC. 1 6.63% $17,734

    The top Lufkin FHA lender as defined by loan originations is HIGHLANDS RESIDENTIAL MORTGAGE, LTD., with 14 FHA loans originated. Their average total fees are $12,223, which is $1,626 higher than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee Lufkin FHA lenders (with over 10 loans originated) are UNITED WHOLESALE MORTGAGE, LLC ($10,597), HIGHLANDS RESIDENTIAL MORTGAGE, LTD. ($12,223), .

    The lowest rate Lufkin FHA lenders (with over 10 loans originated) are UNITED WHOLESALE MORTGAGE, LLC (6.79%), HIGHLANDS RESIDENTIAL MORTGAGE, LTD. (6.93%), .

    Lufkin FHA Loan Limits

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

    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).