Abilene USDA Loan Rates, Closing Costs & Stats

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 5 lenders originated 5 USDA loans during 2023. The total origination value was $865,000, with an average USDA loan value of $173,000.

Abilene USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Abilene averaged 6.57% for the week of 2024-05-17, compared to the national average (all USDA variants) of 6.75% for the same period.

Abilene's average USDA mortgage closing costs are $5,748.

The average rate for the prior week (2024-05-10) was 7.01% and one month ago for the week of 2024-04-12, the average rate was 6.64%.

The average rate one year ago was 6.42%.

For refis of the same type during the week of 2024-05-17, the average rate was 6.98%.

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/closing costs and rates for USDA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Abilene level.

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
City Bank 1 6.13% $9,514
PRIMELENDING, A PLAINSCAPITAL COMPANY 1 6.25% $7,863
SECURITYNATIONAL MORTGAGE COMPANY 1 6.00% $6,904
SUCCESS MORTGAGE PARTNERS, INC. 1 6.50% $8,210
UNITED WHOLESALE MORTGAGE, LLC 1 7.75% $5,477

The top Abilene USDA lender as defined by loan originations is City Bank, with 1 USDA loans originated. Their average total fees are $9,514, which is $1,651 higher than the next largest lender, PRIMELENDING, A PLAINSCAPITAL COMPANY.

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 $178,875 (19.3%) $236,149 (24.1%) 0.66 489
2018-02-01 $179,000 (23.2%) $234,820 (21.8%) 0.65 506
2018-03-01 $189,950 (17.3%) $230,261 (14.4%) 0.67 513
2018-04-01 $204,950 (13.9%) $239,165 (10.6%) 0.69 524
2018-05-01 $199,950 (7.2%) $242,455 (7.3%) 0.67 553
2018-06-01 $199,400 (9.6%) $233,174 (2.5%) 0.66 592
2018-07-01 $198,950 (6.5%) $228,280 (-0.4%) 0.66 615
2018-08-01 $200,475 (10.2%) $227,021 (-0.5%) 0.67 604
2018-09-01 $199,900 (14.3%) $231,652 (2.2%) 0.67 597
2018-10-01 $200,000 (17.7%) $229,309 (1.3%) 0.68 620
2018-11-01 $199,900 (17.7%) $227,087 (1.1%) 0.68 594
2018-12-01 $199,900 (17.6%) $227,906 (-0.4%) 0.69 586
2019-01-01 $199,900 (11.8%) $228,566 (-3.2%) 0.69 578
2019-02-01 $204,250 (14.1%) $234,073 (-0.3%) 0.69 543
2019-03-01 $211,386 (11.3%) $242,821 (5.5%) 0.69 550
2019-04-01 $218,950 (6.8%) $248,751 (4.0%) 0.70 566
2019-05-01 $219,700 (9.9%) $251,771 (3.8%) 0.69 563
2019-06-01 $219,000 (9.8%) $253,033 (8.5%) 0.68 552
2019-07-01 $213,950 (7.5%) $249,533 (9.3%) 0.67 561
2019-08-01 $211,914 (5.7%) $248,494 (9.5%) 0.67 566
2019-09-01 $216,434 (8.3%) $251,721 (8.7%) 0.69 572
2019-10-01 $219,925 (10.0%) $252,688 (10.2%) 0.71 575
2019-11-01 $217,500 (8.8%) $250,554 (10.3%) 0.71 564
2019-12-01 $215,200 (7.7%) $247,533 (8.6%) 0.72 559
2020-01-01 $215,300 (7.7%) $245,006 (7.2%) 0.72 540
2020-02-01 $219,900 (7.7%) $245,216 (4.8%) 0.72 532
2020-03-01 $212,500 (0.5%) $234,614 (-3.4%) 0.67 554
2020-04-01 $220,925 (0.9%) $251,727 (1.2%) 0.69 501
2020-05-01 $224,950 (2.4%) $251,489 (-0.1%) 0.68 470
2020-06-01 $227,250 (3.8%) $261,471 (3.3%) 0.67 478
2020-07-01 $227,450 (6.3%) $265,476 (6.4%) 0.66 461
2020-08-01 $225,000 (6.2%) $262,609 (5.7%) 0.64 424
2020-09-01 $219,975 (1.6%) $264,262 (5.0%) 0.63 409
2020-10-01 $219,950 (0.0%) $269,534 (6.7%) 0.63 369
2020-11-01 $228,950 (5.3%) $275,128 (9.8%) 0.67 312
2020-12-01 $218,113 (1.4%) $261,413 (5.6%) 0.65 305
2021-01-01 $207,000 (-3.9%) $253,648 (3.5%) 0.62 263
2021-02-01 $214,300 (-2.6%) $264,877 (8.0%) 0.62 183
2021-03-01 $202,463 (-4.7%) $268,340 (14.4%) 0.57 154
2021-04-01 $224,950 (1.8%) $292,833 (16.3%) 0.61 168
2021-05-01 $229,900 (2.2%) $309,225 (23.0%) 0.61 177
2021-06-01 $223,675 (-1.6%) $308,292 (17.9%) 0.59 203
2021-07-01 $219,000 (-3.7%) $291,267 (9.7%) 0.58 258
2021-08-01 $240,000 (6.7%) $304,791 (16.1%) 0.64 308
2021-09-01 $259,900 (18.2%) $318,187 (20.4%) 0.69 302
2021-10-01 $250,000 (13.7%) $324,654 (20.5%) 0.67 274
2021-11-01 $258,800 (13.0%) $326,116 (18.5%) 0.69 262
2021-12-01 $253,850 (16.4%) $330,055 (26.3%) 0.69 244
2022-01-01 $254,700 (23.0%) $326,470 (28.7%) 0.69 225
2022-02-01 $262,925 (22.7%) $340,792 (28.7%) 0.68 199
2022-03-01 $256,250 (26.6%) $353,446 (31.7%) 0.64 193
2022-04-01 $275,000 (22.3%) $358,065 (22.3%) 0.66 209
2022-05-01 $281,200 (22.3%) $380,241 (23.0%) 0.64 247
2022-06-01 $276,950 (23.8%) $379,273 (23.0%) 0.62 310
2022-07-01 $279,900 (27.8%) $377,852 (29.7%) 0.63 381
2022-08-01 $279,900 (16.6%) $353,064 (15.8%) 0.65 465
2022-09-01 $281,900 (8.5%) $344,912 (8.4%) 0.66 494
2022-10-01 $284,375 (13.8%) $348,615 (7.4%) 0.67 549
2022-11-01 $281,066 (8.6%) $337,991 (3.6%) 0.68 560
2022-12-01 $279,000 (9.9%) $333,731 (1.1%) 0.69 515
2023-01-01 $280,054 (10.0%) $326,492 (0.0%) 0.69 458
2023-02-01 $284,925 (8.4%) $332,787 (-2.4%) 0.69 424
2023-03-01 $290,319 (13.3%) $343,629 (-2.8%) 0.68 436
2023-04-01 $299,900 (9.1%) $362,804 (1.3%) 0.70 448
2023-05-01 $314,995 (12.0%) $367,498 (-3.4%) 0.71 469
2023-06-01 $314,993 (13.7%) $371,821 (-2.0%) 0.71 485
2023-07-01 $314,990 (12.5%) $370,604 (-1.9%) 0.72 532
2023-08-01 $299,900 (7.2%) $355,417 (0.7%) 0.69 581
2023-09-01 $299,900 (6.4%) $366,444 (6.2%) 0.70 576
2023-10-01 $296,450 (4.3%) $353,786 (1.5%) 0.70 628
2023-11-01 $298,468 (6.2%) $361,564 (7.0%) 0.71 606
2023-12-01 $288,906 (3.6%) $344,361 (3.2%) 0.70 588
2024-01-01 $277,263 (-1.0%) $340,611 (4.3%) 0.68 591
2024-02-01 $271,950 (-4.6%) $337,294 (1.4%) 0.65 591
2024-03-01 $277,445 (-4.4%) $339,389 (-1.2%) 0.65 567
2024-04-01 $269,000 (-10.3%) $340,494 (-6.2%) 0.63 602
Abilene's median listing price for 2024-04-01 was $269,000, a difference of $-30,900 (-10.3%) versus the prior year and $-8,445 versus the prior month.

Abilene's median listing price comes in at 63% of the national average.

Abilene's average listing price for 2024-04-01 was $340,494, a difference of $-22,310 (-6.2%) versus the prior year and $1,105 versus the prior month.

For the 2024-04-01 period, Abilene had 602 MLS listings, a difference of 35 listings (6%) versus the prior month and 154 listings (34%) 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 76 days 1,898 sqft
2018-02-01 66 days 1,891 sqft
2018-03-01 50 days 1,927 sqft
2018-04-01 51 days 1,937 sqft
2018-05-01 49 days 1,907 sqft
2018-06-01 52 days 1,885 sqft
2018-07-01 53 days 1,878 sqft
2018-08-01 57 days 1,864 sqft
2018-09-01 65 days 1,878 sqft
2018-10-01 71 days 1,868 sqft
2018-11-01 76 days 1,864 sqft
2018-12-01 80 days 1,867 sqft
2019-01-01 85 days 1,873 sqft
2019-02-01 85 days 1,872 sqft
2019-03-01 69 days 1,902 sqft
2019-04-01 54 days 1,928 sqft
2019-05-01 57 days 1,915 sqft
2019-06-01 60 days 1,942 sqft
2019-07-01 55 days 1,884 sqft
2019-08-01 54 days 1,880 sqft
2019-09-01 58 days 1,895 sqft
2019-10-01 63 days 1,905 sqft
2019-11-01 71 days 1,910 sqft
2019-12-01 78 days 1,888 sqft
2020-01-01 77 days 1,885 sqft
2020-02-01 68 days 1,908 sqft
2020-03-01 58 days 1,886 sqft
2020-04-01 63 days 1,912 sqft
2020-05-01 59 days 1,920 sqft
2020-06-01 46 days 1,920 sqft
2020-07-01 51 days 1,910 sqft
2020-08-01 52 days 1,912 sqft
2020-09-01 53 days 1,888 sqft
2020-10-01 56 days 1,887 sqft
2020-11-01 54 days 1,923 sqft
2020-12-01 56 days 1,796 sqft
2021-01-01 55 days 1,800 sqft
2021-02-01 61 days 1,854 sqft
2021-03-01 49 days 1,798 sqft
2021-04-01 32 days 1,869 sqft
2021-05-01 31 days 1,876 sqft
2021-06-01 36 days 1,863 sqft
2021-07-01 35 days 1,824 sqft
2021-08-01 35 days 1,901 sqft
2021-09-01 43 days 1,963 sqft
2021-10-01 47 days 1,945 sqft
2021-11-01 49 days 1,877 sqft
2021-12-01 50 days 1,831 sqft
2022-01-01 49 days 1,808 sqft
2022-02-01 45 days 1,845 sqft
2022-03-01 40 days 1,809 sqft
2022-04-01 33 days 1,888 sqft
2022-05-01 33 days 1,894 sqft
2022-06-01 34 days 1,854 sqft
2022-07-01 37 days 1,841 sqft
2022-08-01 38 days 1,840 sqft
2022-09-01 45 days 1,826 sqft
2022-10-01 51 days 1,853 sqft
2022-11-01 61 days 1,847 sqft
2022-12-01 78 days 1,856 sqft
2023-01-01 80 days 1,854 sqft
2023-02-01 70 days 1,885 sqft
2023-03-01 53 days 1,926 sqft
2023-04-01 47 days 1,944 sqft
2023-05-01 51 days 1,982 sqft
2023-06-01 50 days 1,991 sqft
2023-07-01 46 days 1,973 sqft
2023-08-01 49 days 1,936 sqft
2023-09-01 54 days 1,916 sqft
2023-10-01 55 days 1,882 sqft
2023-11-01 61 days 1,909 sqft
2023-12-01 72 days 1,863 sqft
2024-01-01 73 days 1,839 sqft
2024-02-01 67 days 1,815 sqft
2024-03-01 57 days 1,816 sqft
2024-04-01 51 days 1,820 sqft
Abilene's median listing age (time on market) for 2024-04-01 was 51 days. This is 7% longer than the same period one year ago.

Abilene's median square footage for active listings during the 2024-04-01 period was 1,820 sqft. One year prior, the average listing was 1,944 sqft.