Abilene USDA Loan Rates, Closing Costs & Stats

ABILENE, TX

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    • 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 6.68% for the week of 2024-04-19, compared to the national average (all USDA variants) of 6.863% for the same period.

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

    The average rate for the prior week (2024-04-12) was 6.84% and one month ago for the week of 2024-03-15, the average rate was 6.42%.

    The average rate one year ago was 6.36%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.9%.

    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
    Abilene's median listing price for 2024-03-01 was $277,445, a difference of $-12,874 (-4.4%) versus the prior year and $5,495 versus the prior month.

    Abilene's median listing price comes in at 65% of the national average.

    Abilene's average listing price for 2024-03-01 was $339,389, a difference of $-4,240 (-1.2%) versus the prior year and $2,095 versus the prior month.

    For the 2024-03-01 period, Abilene had 567 MLS listings, a difference of -24 listings (-4%) versus the prior month and 131 listings (30%) 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
    Abilene's median listing age (time on market) for 2024-03-01 was 57 days. This is 9% longer than the same period one year ago.

    Abilene's median square footage for active listings during the 2024-03-01 period was 1,816 sqft. One year prior, the average listing was 1,926 sqft.