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 4 lenders originated 5 USDA loans during 2022. The total origination value was $1,265,000, with an average USDA loan value of $253,000.

Amarillo USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Amarillo averaged -0.33% for the week of 2023-11-24, compared to the national average (all USDA variants) of 0% for the same period.

Amarillo's average USDA mortgage closing costs are $6,248.

The average rate for the prior week (2023-11-17) was 7.16% and one month ago for the week of 2023-10-20, the average rate was 7.28%.

The average rate one year ago was 6.42%.

For refis of the same type during the week of 2023-11-24, the average rate was -1.38%.

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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
Centennial Bank 1 6.13% $7,117
CROSSCOUNTRY MORTGAGE, LLC 1 5.13% $12,395
EUSTIS AND AMERICAN MORTGAGE COMPANY 1 5.63% $14,797
EVERETT FINANCIAL, INC. 1 4.00% $4,849

The top Amarillo USDA lender as defined by loan originations is Centennial Bank, with 1 USDA loans originated. Their average total fees are $7,117, which is $5,278 lower than the next largest lender, CROSSCOUNTRY MORTGAGE, LLC.

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 $218,700 (9.4%) $297,757 (8.6%) 0.81 1,020
2018-02-01 $223,875 (9.2%) $298,075 (9.3%) 0.81 1,026
2018-03-01 $225,000 (6.4%) $302,613 (10.2%) 0.79 1,021
2018-04-01 $230,426 (7.5%) $305,766 (8.2%) 0.78 1,021
2018-05-01 $236,000 (8.4%) $308,570 (6.6%) 0.79 1,088
2018-06-01 $238,800 (8.8%) $310,356 (7.2%) 0.80 1,151
2018-07-01 $238,150 (8.3%) $309,277 (9.4%) 0.80 1,207
2018-08-01 $235,000 (6.9%) $306,841 (8.2%) 0.79 1,220
2018-09-01 $234,000 (8.9%) $305,796 (8.8%) 0.79 1,196
2018-10-01 $234,500 (9.6%) $304,721 (7.3%) 0.79 1,240
2018-11-01 $234,807 (9.5%) $302,187 (5.7%) 0.80 1,233
2018-12-01 $230,000 (7.0%) $301,723 (3.0%) 0.79 1,198
2019-01-01 $227,450 (4.0%) $294,279 (-1.2%) 0.79 1,139
2019-02-01 $234,048 (4.5%) $299,053 (0.3%) 0.79 1,138
2019-03-01 $239,954 (6.7%) $304,463 (0.6%) 0.78 1,129
2019-04-01 $243,113 (5.5%) $305,200 (-0.2%) 0.77 1,118
2019-05-01 $248,850 (5.4%) $314,459 (1.9%) 0.78 1,093
2019-06-01 $244,900 (2.6%) $311,588 (0.4%) 0.77 1,141
2019-07-01 $239,200 (0.4%) $311,715 (0.8%) 0.75 1,131
2019-08-01 $239,518 (1.9%) $310,184 (1.1%) 0.76 1,105
2019-09-01 $238,945 (2.1%) $306,598 (0.3%) 0.76 1,067
2019-10-01 $237,002 (1.1%) $304,207 (-0.2%) 0.76 1,038
2019-11-01 $234,700 (-0.1%) $306,651 (1.5%) 0.77 966
2019-12-01 $229,425 (-0.3%) $301,783 (0.0%) 0.77 938
2020-01-01 $227,063 (-0.2%) $300,574 (2.1%) 0.76 863
2020-02-01 $239,925 (2.5%) $317,160 (6.1%) 0.79 864
2020-03-01 $260,372 (8.5%) $334,361 (9.8%) 0.82 808
2020-04-01 $269,450 (10.8%) $333,321 (9.2%) 0.84 787
2020-05-01 $279,000 (12.1%) $344,043 (9.4%) 0.85 772
2020-06-01 $281,200 (14.8%) $353,335 (13.4%) 0.83 729
2020-07-01 $279,417 (16.8%) $353,097 (13.3%) 0.81 666
2020-08-01 $271,000 (13.1%) $351,310 (13.3%) 0.78 604
2020-09-01 $274,950 (15.1%) $353,128 (15.2%) 0.79 594
2020-10-01 $275,000 (16.0%) $355,429 (16.8%) 0.79 584
2020-11-01 $279,600 (19.1%) $354,455 (15.6%) 0.82 572
2020-12-01 $278,500 (21.4%) $360,095 (19.3%) 0.83 511
2021-01-01 $275,700 (21.4%) $364,222 (21.2%) 0.82 460
2021-02-01 $315,372 (31.5%) $410,841 (29.5%) 0.92 372
2021-03-01 $333,375 (28.0%) $434,814 (30.0%) 0.95 332
2021-04-01 $340,380 (26.3%) $439,100 (31.7%) 0.92 336
2021-05-01 $325,250 (16.6%) $436,161 (26.8%) 0.87 306
2021-06-01 $304,950 (8.5%) $405,215 (14.7%) 0.80 370
2021-07-01 $299,500 (7.2%) $398,091 (12.7%) 0.79 403
2021-08-01 $287,475 (6.1%) $396,200 (12.8%) 0.77 408
2021-09-01 $287,700 (4.6%) $391,543 (10.9%) 0.77 407
2021-10-01 $304,200 (10.6%) $400,510 (12.7%) 0.81 405
2021-11-01 $312,225 (11.7%) $404,209 (14.0%) 0.83 385
2021-12-01 $316,200 (13.5%) $410,059 (13.9%) 0.86 362
2022-01-01 $315,200 (14.3%) $402,903 (10.6%) 0.85 316
2022-02-01 $332,625 (5.5%) $426,390 (3.8%) 0.87 286
2022-03-01 $336,000 (0.8%) $441,005 (1.4%) 0.84 252
2022-04-01 $324,900 (-4.6%) $432,324 (-1.5%) 0.77 284
2022-05-01 $322,000 (-1.0%) $407,126 (-6.7%) 0.74 342
2022-06-01 $330,925 (8.5%) $393,820 (-2.8%) 0.74 409
2022-07-01 $320,000 (6.8%) $382,496 (-3.9%) 0.72 481
2022-08-01 $326,838 (13.7%) $381,309 (-3.8%) 0.76 507
2022-09-01 $326,500 (13.5%) $383,139 (-2.2%) 0.76 501
2022-10-01 $325,000 (6.8%) $374,577 (-6.5%) 0.76 526
2022-11-01 $327,450 (4.9%) $377,437 (-6.6%) 0.79 562
2022-12-01 $340,000 (7.5%) $379,044 (-7.6%) 0.84 551
2023-01-01 $346,375 (9.9%) $386,327 (-4.1%) 0.86 542
2023-02-01 $359,925 (8.2%) $394,594 (-7.5%) 0.87 554
2023-03-01 $349,900 (4.1%) $393,769 (-10.7%) 0.83 566
2023-04-01 $355,025 (9.3%) $404,331 (-6.5%) 0.83 592
2023-05-01 $373,500 (16.0%) $421,904 (3.6%) 0.85 646
2023-06-01 $375,396 (13.4%) $426,414 (8.3%) 0.84 697
2023-07-01 $375,000 (17.2%) $424,902 (11.1%) 0.85 732
2023-08-01 $368,536 (12.8%) $416,594 (9.3%) 0.85 736
2023-09-01 $344,450 (5.5%) $421,463 (10.0%) 0.80 775
2023-10-01 $335,475 (3.2%) $417,822 (11.5%) 0.79 811
Amarillo's median listing price for 2023-10-01 was $335,475, a difference of $10,475 (3.2%) versus the prior year and $-8,975 versus the prior month.

Amarillo's median listing price comes in at 79% of the national average.

Amarillo's average listing price for 2023-10-01 was $417,822, a difference of $43,245 (11.5%) versus the prior year and $-3,641 versus the prior month.

For the 2023-10-01 period, Amarillo had 811 MLS listings, a difference of 36 listings (5%) versus the prior month and 285 listings (54%) 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 2,077 sqft
2018-03-01 48 days 2,084 sqft
2018-04-01 53 days 2,119 sqft
2018-05-01 51 days 2,131 sqft
2018-06-01 47 days 2,145 sqft
2018-07-01 52 days 2,139 sqft
2018-08-01 54 days 2,134 sqft
2018-09-01 57 days 2,130 sqft
2018-10-01 59 days 2,121 sqft
2018-11-01 61 days 2,118 sqft
2018-12-01 71 days 2,112 sqft
2019-01-01 68 days 2,098 sqft
2019-02-01 45 days 2,104 sqft
2019-03-01 51 days 2,110 sqft
2019-04-01 58 days 2,120 sqft
2019-05-01 60 days 2,136 sqft
2019-06-01 60 days 2,119 sqft
2019-07-01 59 days 2,111 sqft
2019-08-01 59 days 2,115 sqft
2019-09-01 60 days 2,101 sqft
2019-10-01 63 days 2,088 sqft
2019-11-01 68 days 2,057 sqft
2019-12-01 74 days 2,030 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 49 days 2,254 sqft
2020-07-01 52 days 2,238 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 2,212 sqft
2020-12-01 54 days 2,207 sqft
2021-01-01 63 days 2,197 sqft
2021-02-01 40 days 2,390 sqft
2021-03-01 38 days 2,475 sqft
2021-04-01 30 days 2,515 sqft
2021-05-01 32 days 2,484 sqft
2021-06-01 24 days 2,205 sqft
2021-07-01 31 days 2,196 sqft
2021-08-01 34 days 2,159 sqft
2021-09-01 38 days 2,096 sqft
2021-10-01 41 days 2,140 sqft
2021-11-01 44 days 2,157 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 2,130 sqft
2022-06-01 27 days 2,142 sqft
2022-07-01 30 days 2,103 sqft
2022-08-01 37 days 2,129 sqft
2022-09-01 40 days 2,135 sqft
2022-10-01 45 days 2,148 sqft
2022-11-01 44 days 2,155 sqft
2022-12-01 51 days 2,158 sqft
2023-01-01 54 days 2,147 sqft
2023-02-01 41 days 2,162 sqft
2023-03-01 45 days 2,119 sqft
2023-04-01 44 days 2,145 sqft
2023-05-01 42 days 2,197 sqft
2023-06-01 42 days 2,207 sqft
2023-07-01 45 days 2,199 sqft
2023-08-01 48 days 2,171 sqft
2023-09-01 47 days 2,120 sqft
2023-10-01 50 days 2,101 sqft
Amarillo's median listing age (time on market) for 2023-10-01 was 50 days. This is 11% longer than the same period one year ago.

Amarillo's median square footage for active listings during the 2023-10-01 period was 2,101 sqft. One year prior, the average listing was 2,148 sqft.