Amarillo USDA Loan Rates, Closing Costs & Stats

AMARILLO, 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.

    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 -0.04% for the week of 2024-11-15, compared to the national average (all USDA variants) of 0% for the same period.

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

    The average rate for the prior week (2024-11-08) was 6.62% and one month ago for the week of 2024-10-11, the average rate was 5.98%.

    The average rate one year ago was 7.21%.

    For refis of the same type during the week of 2024-11-15, the average rate was -0.15%.

    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
    2024-04-01 $313,750 (-11.6%) $410,827 (1.6%) 0.73 882
    2024-05-01 $319,675 (-14.4%) $418,495 (-0.8%) 0.72 910
    2024-06-01 $315,000 (-16.1%) $420,676 (-1.4%) 0.71 971
    2024-07-01 $299,394 (-20.2%) $392,033 (-7.7%) 0.68 1,021
    2024-08-01 $299,000 (-18.9%) $382,087 (-8.4%) 0.70 1,023
    2024-09-01 $299,900 (-13.1%) $376,821 (-10.8%) 0.71 1,019
    2024-10-01 $293,875 (-12.4%) $373,967 (-10.6%) 0.69 1,045
    Amarillo's median listing price for 2024-10-01 was $293,875, a difference of $-41,625 (-12.4%) versus the prior year and $-6,025 versus the prior month.

    Amarillo's median listing price comes in at 69% of the national average.

    Amarillo's average listing price for 2024-10-01 was $373,967, a difference of $-44,475 (-10.6%) versus the prior year and $-2,854 versus the prior month.

    For the 2024-10-01 period, Amarillo had 1,045 MLS listings, a difference of 26 listings (3%) versus the prior month and 237 listings (29%) 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 2,036 sqft
    2024-03-01 48 days 2,040 sqft
    2024-04-01 52 days 2,031 sqft
    2024-05-01 46 days 2,077 sqft
    2024-06-01 50 days 2,055 sqft
    2024-07-01 52 days 1,984 sqft
    2024-08-01 53 days 1,972 sqft
    2024-09-01 56 days 1,961 sqft
    2024-10-01 58 days 1,963 sqft
    Amarillo's median listing age (time on market) for 2024-10-01 was 58 days. This is 15% longer than the same period one year ago.

    Amarillo's median square footage for active listings during the 2024-10-01 period was 1,963 sqft. One year prior, the average listing was 2,100 sqft.