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 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.