Abilene USDA Loans

ABILENE, TX

USDA loans are zero-downpayment loans targeted towards lower-income households in rural areas. They can be made directly by the US Department of Agriculture or through a participating lender-- and they typically to borrowers with credit scores over 640. They can have subsidized rates, making them very competitive in terms of cost, but they have more stringent standards on who is eligible as well as specific covenants such as only being available in rural areas and limits on home size.

Abilene's 8 lenders originated 13 USDA loans during 2021. The total origination value was $1,995,000, with an average USDA loan value of $153,462.

Abilene USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Abilene averaged 6.09% for the week of 2022-09-23, compared to the national average (all USDA variants) of 6.08% for the same period.

The average rate for the prior week (2022-09-16) was 5.72% and one month ago for the week of 2022-08-19, the average rate was 5.31%.

The average rate one year ago was 3.24%.

For refis of the same type during the week of 2022-09-23, the average rate was 5.91%.

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

Abilene USDA Loan Lenders by Rates & Fees

The below table looks at the average fees and rates for USDA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Abilene level.

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
OPEN MORTGAGE, LLC 5 3.18% $6,457
CMG MORTGAGE, INC. 2 2.50% $4,837
F & M Bank 1 2.50% $7,228
MID AMERICA MORTGAGE, INC. 1 2.99% $5,411
NATIONS DIRECT MORTGAGE, LLC 1 2.99% $3,935
CALIBER HOME LOANS, INC. 1 2.25% $5,610
TJC Mortgage, Inc. 1 2.88% $6,139
First Financial Bank 1 2.75% $3,339

The top Abilene USDA lender as defined by loan originations is OPEN MORTGAGE, LLC, with 5 USDA loans originated. Their average total fees are $6,457, which is $1,620 higher than the next largest lender, CMG MORTGAGE, INC..

The lowest fee Abilene USDA lenders (with over 10 loans originated) are .

The lowest rate Abilene USDA lenders (with over 10 loans originated) are .


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Abilene (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 $177,800 (18.6%) $235,735 (21.6%) 0.65 485
2018-02-01 $178,500 (22.5%) $235,322 (20.1%) 0.64 501
2018-03-01 $190,000 (16.2%) $231,809 (13.3%) 0.66 505
2018-04-01 $205,000 (14.0%) $239,927 (9.1%) 0.69 522
2018-05-01 $202,400 (7.9%) $242,481 (5.9%) 0.67 551
2018-06-01 $199,900 (10.2%) $235,237 (2.1%) 0.67 591
2018-07-01 $199,200 (4.9%) $230,088 (-1.4%) 0.66 610
2018-08-01 $200,000 (9.7%) $227,158 (-2.5%) 0.67 599
2018-09-01 $199,900 (11.7%) $232,253 (2.0%) 0.67 592
2018-10-01 $200,000 (15.5%) $231,309 (1.3%) 0.67 617
2018-11-01 $199,900 (17.7%) $230,402 (1.5%) 0.67 595
2018-12-01 $199,900 (17.6%) $232,406 (1.5%) 0.68 591
2019-01-01 $199,900 (12.4%) $230,500 (-2.2%) 0.69 576
2019-02-01 $205,500 (15.1%) $236,925 (0.7%) 0.69 538
2019-03-01 $214,229 (12.8%) $246,347 (6.3%) 0.70 547
2019-04-01 $219,950 (7.3%) $251,860 (5.0%) 0.69 565
2019-05-01 $219,900 (8.7%) $254,200 (4.8%) 0.68 564
2019-06-01 $219,900 (10.0%) $254,929 (8.4%) 0.68 555
2019-07-01 $214,875 (7.9%) $252,646 (9.8%) 0.67 567
2019-08-01 $212,043 (6.0%) $247,465 (8.9%) 0.67 562
2019-09-01 $217,400 (8.8%) $250,433 (7.8%) 0.69 553
2019-10-01 $219,950 (10.0%) $252,059 (9.0%) 0.70 572
2019-11-01 $219,800 (10.0%) $250,467 (8.7%) 0.71 567
2019-12-01 $214,700 (7.4%) $245,921 (5.8%) 0.72 561
2020-01-01 $215,400 (7.8%) $243,889 (5.8%) 0.72 536
2020-02-01 $221,900 (8.0%) $245,047 (3.4%) 0.72 531
2020-03-01 $223,500 (4.3%) $250,318 (1.6%) 0.70 509
2020-04-01 $221,450 (0.7%) $251,487 (-0.2%) 0.69 493
2020-05-01 $225,000 (2.3%) $251,091 (-1.2%) 0.68 465
2020-06-01 $228,250 (3.8%) $261,683 (2.7%) 0.67 478
2020-07-01 $227,500 (5.9%) $267,403 (5.8%) 0.65 455
2020-08-01 $225,000 (6.1%) $266,081 (7.5%) 0.64 421
2020-09-01 $220,000 (1.2%) $266,456 (6.4%) 0.63 411
2020-10-01 $220,000 (0.0%) $273,129 (8.4%) 0.63 372
2020-11-01 $229,400 (4.4%) $279,647 (11.7%) 0.66 311
2020-12-01 $219,750 (2.4%) $266,265 (8.3%) 0.64 306
2021-01-01 $206,290 (-4.2%) $260,608 (6.9%) 0.61 261
2021-02-01 $211,950 (-4.5%) $263,349 (7.5%) 0.61 181
2021-03-01 $205,623 (-8.0%) $264,413 (5.6%) 0.58 152
2021-04-01 $224,950 (1.6%) $291,835 (16.0%) 0.60 163
2021-05-01 $229,900 (2.2%) $308,027 (22.7%) 0.61 178
2021-06-01 $222,500 (-2.5%) $307,808 (17.6%) 0.58 198
2021-07-01 $222,200 (-2.3%) $291,652 (9.1%) 0.58 249
2021-08-01 $242,450 (7.8%) $305,631 (14.9%) 0.64 302
2021-09-01 $259,950 (18.2%) $316,080 (18.6%) 0.68 297
2021-10-01 $250,000 (13.6%) $320,375 (17.3%) 0.66 271
2021-11-01 $260,000 (13.3%) $326,485 (16.8%) 0.69 259
2021-12-01 $258,950 (17.8%) $333,331 (25.2%) 0.69 241
2022-01-01 $255,000 (23.6%) $333,336 (27.9%) 0.68 218
2022-02-01 $262,450 (23.8%) $352,502 (33.9%) 0.67 198
2022-03-01 $262,500 (27.7%) $371,441 (40.5%) 0.65 185
2022-04-01 $275,000 (22.3%) $363,914 (24.7%) 0.65 210
2022-05-01 $280,950 (22.2%) $381,284 (23.8%) 0.63 244
2022-06-01 $279,000 (25.4%) $382,640 (24.3%) 0.62 305
2022-07-01 $279,000 (25.6%) $379,343 (30.1%) 0.62 383
2022-08-01 $279,900 (15.5%) $355,771 (16.4%) 0.64 462
Abilene's median listing price for 2022-08-01 was $279,900, a difference of $37,450 (15.5%) versus the prior year and $900 versus the prior month.

Abilene's median listing price comes in at 64% of the national average.

Abilene's average listing price for 2022-08-01 was $355,771, a difference of $50,140 (16.4%) versus the prior year and $-23,572 versus the prior month.

For the 2022-08-01 period, Abilene had 462 MLS listings, a difference of 79 listings (21%) versus the prior month and 160 listings (53%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Abilene (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 81 days 1,897 sqft
2018-02-01 70 days 1,893 sqft
2018-03-01 54 days 1,925 sqft
2018-04-01 55 days 1,928 sqft
2018-05-01 53 days 1,907 sqft
2018-06-01 56 days 1,880 sqft
2018-07-01 58 days 1,881 sqft
2018-08-01 59 days 1,868 sqft
2018-09-01 67 days 1,876 sqft
2018-10-01 73 days 1,872 sqft
2018-11-01 76 days 1,872 sqft
2018-12-01 81 days 1,877 sqft
2019-01-01 87 days 1,878 sqft
2019-02-01 87 days 1,874 sqft
2019-03-01 64 days 1,913 sqft
2019-04-01 57 days 1,942 sqft
2019-05-01 58 days 1,926 sqft
2019-06-01 61 days 1,938 sqft
2019-07-01 58 days 1,890 sqft
2019-08-01 52 days 1,862 sqft
2019-09-01 59 days 1,869 sqft
2019-10-01 65 days 1,905 sqft
2019-11-01 72 days 1,910 sqft
2019-12-01 78 days 1,886 sqft
2020-01-01 78 days 1,884 sqft
2020-02-01 71 days 1,917 sqft
2020-03-01 62 days 1,914 sqft
2020-04-01 64 days 1,911 sqft
2020-05-01 63 days 1,922 sqft
2020-06-01 46 days 1,926 sqft
2020-07-01 52 days 1,912 sqft
2020-08-01 53 days 1,929 sqft
2020-09-01 54 days 1,901 sqft
2020-10-01 58 days 1,897 sqft
2020-11-01 58 days 1,924 sqft
2020-12-01 58 days 1,801 sqft
2021-01-01 59 days 1,800 sqft
2021-02-01 64 days 1,850 sqft
2021-03-01 51 days 1,799 sqft
2021-04-01 35 days 1,875 sqft
2021-05-01 35 days 1,876 sqft
2021-06-01 36 days 1,863 sqft
2021-07-01 36 days 1,828 sqft
2021-08-01 35 days 1,912 sqft
2021-09-01 43 days 1,961 sqft
2021-10-01 48 days 1,948 sqft
2021-11-01 49 days 1,864 sqft
2021-12-01 50 days 1,845 sqft
2022-01-01 51 days 1,816 sqft
2022-02-01 45 days 1,874 sqft
2022-03-01 45 days 1,820 sqft
2022-04-01 35 days 1,876 sqft
2022-05-01 35 days 1,885 sqft
2022-06-01 35 days 1,843 sqft
2022-07-01 38 days 1,841 sqft
2022-08-01 39 days 1,840 sqft
Abilene's median listing age (time on market) for 2022-08-01 was 39 days. This is 10% longer than the same period one year ago.

Abilene's median square footage for active listings during the 2022-08-01 period was 1,840 sqft. One year prior, the average listing was 1,912 sqft.