Amarillo USDA Loan Rates, Closing Costs & Stats

AMARILLO, 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.

Amarillo's 6 lenders originated 7 USDA loans during 2023. The total origination value was $1,185,000, with an average USDA loan value of $169,286.

Amarillo USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Amarillo averaged 6.67% for the week of 2024-04-12, compared to the national average (all USDA variants) of 6.705% for the same period.

Amarillo's average USDA mortgage closing costs are $6,345.

The average rate for the prior week (2024-04-05) was 6.69% and one month ago for the week of 2024-03-08, the average rate was 6.85%.

The average rate one year ago was 6.56%.

For refis of the same type during the week of 2024-04-12, the average rate was 6.76%.

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

Amarillo 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 Amarillo level.

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
PRIMELENDING, A PLAINSCAPITAL COMPANY 2 6.75% $8,865
AMERICAN FINANCIAL RESOURCES, INC. 1 7.25% $4,695
EVERETT FINANCIAL, INC. 1 7.13% $6,596
GUILD MORTGAGE COMPANY 1 7.63% $7,558
S1L, Inc. 1 4.88% $8,613
UNITED WHOLESALE MORTGAGE, LLC 1 6.38% $5,533

The top Amarillo USDA lender as defined by loan originations is PRIMELENDING, A PLAINSCAPITAL COMPANY, with 2 USDA loans originated. Their average total fees are $8,865, which is $4,170 higher than the next largest lender, AMERICAN FINANCIAL RESOURCES, INC..

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

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


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Amarillo (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 $218,975 (9.5%) $298,124 (8.6%) 0.81 1,018
2018-02-01 $225,250 (9.9%) $298,518 (9.3%) 0.82 1,023
2018-03-01 $225,000 (6.2%) $303,151 (10.3%) 0.79 1,017
2018-04-01 $231,450 (8.0%) $306,502 (8.4%) 0.78 1,016
2018-05-01 $236,700 (8.7%) $309,283 (6.7%) 0.79 1,083
2018-06-01 $238,900 (8.9%) $311,231 (7.4%) 0.80 1,144
2018-07-01 $238,600 (8.5%) $310,106 (9.6%) 0.80 1,202
2018-08-01 $236,200 (7.5%) $307,728 (8.5%) 0.79 1,215
2018-09-01 $234,900 (9.3%) $306,618 (9.0%) 0.79 1,191
2018-10-01 $234,850 (9.7%) $305,584 (7.4%) 0.80 1,235
2018-11-01 $235,950 (10.0%) $302,984 (5.9%) 0.80 1,228
2018-12-01 $233,613 (8.7%) $302,514 (3.2%) 0.81 1,193
2019-01-01 $227,700 (4.0%) $294,781 (-1.1%) 0.79 1,136
2019-02-01 $235,450 (4.5%) $299,664 (0.4%) 0.80 1,135
2019-03-01 $240,286 (6.8%) $305,008 (0.6%) 0.79 1,126
2019-04-01 $243,500 (5.2%) $305,647 (-0.3%) 0.77 1,116
2019-05-01 $248,975 (5.2%) $314,697 (1.8%) 0.78 1,091
2019-06-01 $244,950 (2.5%) $311,815 (0.2%) 0.77 1,140
2019-07-01 $239,475 (0.4%) $312,099 (0.6%) 0.75 1,129
2019-08-01 $239,616 (1.5%) $310,531 (0.9%) 0.76 1,103
2019-09-01 $239,115 (1.8%) $306,885 (0.1%) 0.77 1,065
2019-10-01 $237,363 (1.1%) $304,455 (-0.4%) 0.77 1,037
2019-11-01 $234,700 (-0.5%) $306,651 (1.2%) 0.77 966
2019-12-01 $229,450 (-1.8%) $302,064 (-0.2%) 0.77 937
2020-01-01 $227,344 (-0.2%) $300,875 (2.1%) 0.76 862
2020-02-01 $239,925 (1.9%) $317,160 (5.8%) 0.79 864
2020-03-01 $260,372 (8.4%) $334,361 (9.6%) 0.82 808
2020-04-01 $269,450 (10.7%) $333,321 (9.1%) 0.84 787
2020-05-01 $279,000 (12.1%) $344,382 (9.4%) 0.85 771
2020-06-01 $281,200 (14.8%) $353,522 (13.4%) 0.83 729
2020-07-01 $279,472 (16.7%) $353,564 (13.3%) 0.81 665
2020-08-01 $272,268 (13.6%) $351,797 (13.3%) 0.78 604
2020-09-01 $274,950 (15.0%) $353,128 (15.1%) 0.79 594
2020-10-01 $275,000 (15.9%) $355,429 (16.7%) 0.79 583
2020-11-01 $279,800 (19.2%) $354,693 (15.7%) 0.82 571
2020-12-01 $279,685 (21.9%) $360,706 (19.4%) 0.83 509
2021-01-01 $275,900 (21.4%) $364,537 (21.2%) 0.82 459
2021-02-01 $317,375 (32.3%) $412,383 (30.0%) 0.92 370
2021-03-01 $334,875 (28.6%) $436,602 (30.6%) 0.95 330
2021-04-01 $340,440 (26.4%) $440,938 (32.3%) 0.92 334
2021-05-01 $325,250 (16.6%) $436,979 (26.9%) 0.86 305
2021-06-01 $306,250 (8.9%) $406,486 (15.0%) 0.81 368
2021-07-01 $299,900 (7.3%) $399,773 (13.1%) 0.79 401
2021-08-01 $288,975 (6.1%) $397,666 (13.0%) 0.77 407
2021-09-01 $288,450 (4.9%) $393,456 (11.4%) 0.77 405
2021-10-01 $305,000 (10.9%) $402,139 (13.1%) 0.81 403
2021-11-01 $313,500 (12.0%) $405,464 (14.3%) 0.84 383
2021-12-01 $316,200 (13.1%) $410,301 (13.8%) 0.86 361
2022-01-01 $315,200 (14.2%) $403,720 (10.8%) 0.85 316
2022-02-01 $332,625 (4.8%) $426,390 (3.4%) 0.87 286
2022-03-01 $336,000 (0.3%) $441,005 (1.0%) 0.84 251
2022-04-01 $326,950 (-4.0%) $433,513 (-1.7%) 0.78 283
2022-05-01 $322,000 (-1.0%) $407,502 (-6.8%) 0.74 342
2022-06-01 $330,950 (8.1%) $394,456 (-3.0%) 0.74 407
2022-07-01 $320,000 (6.7%) $382,496 (-4.3%) 0.72 481
2022-08-01 $326,838 (13.1%) $381,309 (-4.1%) 0.76 507
2022-09-01 $326,500 (13.2%) $383,139 (-2.6%) 0.76 501
2022-10-01 $325,000 (6.6%) $374,577 (-6.9%) 0.76 526
2022-11-01 $327,450 (4.5%) $377,437 (-6.9%) 0.79 562
2022-12-01 $340,000 (7.5%) $378,973 (-7.6%) 0.84 550
2023-01-01 $346,375 (9.9%) $386,369 (-4.3%) 0.86 542
2023-02-01 $359,925 (8.2%) $394,745 (-7.4%) 0.87 554
2023-03-01 $349,900 (4.1%) $393,769 (-10.7%) 0.83 566
2023-04-01 $355,025 (8.6%) $404,331 (-6.7%) 0.83 592
2023-05-01 $373,500 (16.0%) $421,912 (3.5%) 0.85 646
2023-06-01 $375,396 (13.4%) $426,414 (8.1%) 0.84 698
2023-07-01 $375,000 (17.2%) $424,902 (11.1%) 0.85 732
2023-08-01 $368,870 (12.9%) $417,217 (9.4%) 0.85 735
2023-09-01 $345,000 (5.7%) $422,409 (10.3%) 0.80 771
2023-10-01 $335,500 (3.2%) $418,442 (11.7%) 0.79 808
2023-11-01 $317,000 (-3.2%) $394,058 (4.4%) 0.75 882
2023-12-01 $320,000 (-5.9%) $396,071 (4.5%) 0.78 891
2024-01-01 $314,503 (-9.2%) $396,685 (2.7%) 0.77 872
2024-02-01 $313,950 (-12.8%) $397,010 (0.6%) 0.76 876
2024-03-01 $315,000 (-10.0%) $400,797 (1.8%) 0.74 882
Amarillo's median listing price for 2024-03-01 was $315,000, a difference of $-34,900 (-10.0%) versus the prior year and $1,050 versus the prior month.

Amarillo's median listing price comes in at 74% of the national average.

Amarillo's average listing price for 2024-03-01 was $400,797, a difference of $7,028 (1.8%) versus the prior year and $3,787 versus the prior month.

For the 2024-03-01 period, Amarillo had 882 MLS listings, a difference of 6 listings (1%) versus the prior month and 316 listings (56%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Amarillo (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 70 days 2,066 sqft
2018-02-01 48 days 2,079 sqft
2018-03-01 48 days 2,092 sqft
2018-04-01 53 days 2,122 sqft
2018-05-01 51 days 2,133 sqft
2018-06-01 47 days 2,146 sqft
2018-07-01 52 days 2,140 sqft
2018-08-01 53 days 2,136 sqft
2018-09-01 57 days 2,131 sqft
2018-10-01 59 days 2,121 sqft
2018-11-01 61 days 2,119 sqft
2018-12-01 71 days 2,113 sqft
2019-01-01 68 days 2,102 sqft
2019-02-01 45 days 2,105 sqft
2019-03-01 51 days 2,111 sqft
2019-04-01 58 days 2,121 sqft
2019-05-01 60 days 2,136 sqft
2019-06-01 60 days 2,121 sqft
2019-07-01 59 days 2,113 sqft
2019-08-01 59 days 2,117 sqft
2019-09-01 60 days 2,102 sqft
2019-10-01 63 days 2,088 sqft
2019-11-01 68 days 2,057 sqft
2019-12-01 74 days 2,029 sqft
2020-01-01 71 days 2,031 sqft
2020-02-01 56 days 2,053 sqft
2020-03-01 53 days 2,147 sqft
2020-04-01 54 days 2,179 sqft
2020-05-01 56 days 2,220 sqft
2020-06-01 50 days 2,255 sqft
2020-07-01 52 days 2,240 sqft
2020-08-01 51 days 2,225 sqft
2020-09-01 44 days 2,226 sqft
2020-10-01 45 days 2,212 sqft
2020-11-01 43 days 2,216 sqft
2020-12-01 54 days 2,211 sqft
2021-01-01 63 days 2,197 sqft
2021-02-01 40 days 2,393 sqft
2021-03-01 37 days 2,485 sqft
2021-04-01 30 days 2,520 sqft
2021-05-01 32 days 2,487 sqft
2021-06-01 24 days 2,217 sqft
2021-07-01 31 days 2,204 sqft
2021-08-01 34 days 2,166 sqft
2021-09-01 38 days 2,098 sqft
2021-10-01 41 days 2,142 sqft
2021-11-01 44 days 2,160 sqft
2021-12-01 47 days 2,125 sqft
2022-01-01 46 days 2,131 sqft
2022-02-01 33 days 2,221 sqft
2022-03-01 31 days 2,234 sqft
2022-04-01 22 days 2,164 sqft
2022-05-01 22 days 2,134 sqft
2022-06-01 27 days 2,143 sqft
2022-07-01 31 days 2,103 sqft
2022-08-01 37 days 2,129 sqft
2022-09-01 40 days 2,136 sqft
2022-10-01 45 days 2,148 sqft
2022-11-01 44 days 2,155 sqft
2022-12-01 51 days 2,159 sqft
2023-01-01 54 days 2,147 sqft
2023-02-01 41 days 2,163 sqft
2023-03-01 45 days 2,119 sqft
2023-04-01 44 days 2,145 sqft
2023-05-01 42 days 2,191 sqft
2023-06-01 42 days 2,204 sqft
2023-07-01 45 days 2,199 sqft
2023-08-01 48 days 2,167 sqft
2023-09-01 47 days 2,118 sqft
2023-10-01 50 days 2,100 sqft
2023-11-01 52 days 2,057 sqft
2023-12-01 57 days 2,053 sqft
2024-01-01 62 days 2,036 sqft
2024-02-01 47 days 2,039 sqft
2024-03-01 48 days 2,057 sqft
Amarillo's median listing age (time on market) for 2024-03-01 was 48 days. This is 7% longer than the same period one year ago.

Amarillo's median square footage for active listings during the 2024-03-01 period was 2,057 sqft. One year prior, the average listing was 2,119 sqft.