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
6.42%
for the week of 2024-12-13, compared to the national average (all USDA variants) of
6.303% for the same period.
Abilene's average USDA mortgage closing costs are $5,748.
The average rate for the prior week (2024-12-06) was
6.26% and
one month ago for the week of 2024-11-08, the
average rate was 6.58%.
The average rate one year ago was 6.94%.
For refis of the same type during the week of 2024-12-13, the average rate
was 6.24%.
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 |
| 2024-05-01 | $270,425 (-14.2%) | $342,625 (-6.8%) | 0.61 | 636 |
| 2024-06-01 | $269,000 (-14.6%) | $337,188 (-9.3%) | 0.60 | 685 |
| 2024-07-01 | $269,945 (-14.3%) | $338,621 (-8.6%) | 0.62 | 709 |
| 2024-08-01 | $259,900 (-13.3%) | $326,029 (-8.3%) | 0.60 | 757 |
| 2024-09-01 | $260,000 (-13.3%) | $333,712 (-8.9%) | 0.61 | 770 |
| 2024-10-01 | $260,000 (-12.3%) | $333,976 (-5.6%) | 0.61 | 757 |
| 2024-11-01 | $249,900 (-16.3%) | $322,984 (-10.7%) | 0.60 | 740 |
Abilene's median listing price comes in at 60% of the national average.
Abilene's average listing price for 2024-11-01 was $322,984, a difference of $-38,580 (-10.7%) versus the prior year and $-10,992 versus the prior month.
For the 2024-11-01 period, Abilene had 740 MLS listings, a difference of -17 listings (-2%) versus the prior month and 134 listings (22%) 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 |
| 2024-05-01 | 51 days | 1,856 sqft |
| 2024-06-01 | 52 days | 1,836 sqft |
| 2024-07-01 | 58 days | 1,822 sqft |
| 2024-08-01 | 58 days | 1,778 sqft |
| 2024-09-01 | 63 days | 1,780 sqft |
| 2024-10-01 | 68 days | 1,799 sqft |
| 2024-11-01 | 71 days | 1,750 sqft |
Abilene's median square footage for active listings during the 2024-11-01 period was 1,750 sqft. One year prior, the average listing was 1,909 sqft.