SmartAsset reports Houston as nation's fifth best for first-time homebuyers

  • Houston ranked fifth on SmartAsset's list this year, but was absented from last year's ranking.
  • Home prices in Houston are forecasted to remain flat through September.
  • Houston has the largest concentrated of HUD-approved mortgage lenders nationally.

Among metros with a population exceeding 300,000, Houston has been dubbed the fifth best city for first-time homebuyers.

According to analysis from SmartAsset, a primary reason for Houston’s ranking is its number of HUD-approved mortgage lenders, 186. This total is the largest consortium of lenders within any major market nationally, which gives residents more options when shopping for a mortgage.