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%.
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 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 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.
