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%.
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. LouisDate | 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 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. LouisDate | 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 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.