Big Spring USDA Loan Rates, Closing Costs & Stats
Big Spring, 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.
Big Spring's 1 lenders originated 1 USDA loans during 2023. The total origination value was $225,000, with an average USDA loan value of $225,000.
Big Spring USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Big Spring
averaged
0.33%
for the week of 2024-11-15, compared to the national average (all USDA variants) of
0% for the same period.
Big Spring's average USDA mortgage closing costs are $7,073.
The average rate for the prior week (2024-11-08) was
6.49% and
one month ago for the week of 2024-10-11, the
average rate was 6.35%.
The average rate one year ago was 7.38%.
For refis of the same type during the week of 2024-11-15, the average rate
was 0.1%.
Big Spring 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 Big Spring level.
| Name | # of Loans | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
|---|---|---|---|
| LOANDEPOT.COM, LLC | 1 | 6.63% | $9,568 |
The lowest fee Big Spring USDA lenders (with over 10 loans originated) are
.
The lowest rate Big Spring USDA lenders (with over 10 loans originated) are
.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Big Spring (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 | $154,000 (1.7%) | $189,361 (7.0%) | 0.00 | 128 |
| 2018-02-01 | $150,000 (2.4%) | $189,151 (10.3%) | 0.00 | 108 |
| 2018-03-01 | $157,900 (7.8%) | $193,124 (12.4%) | 0.00 | 91 |
| 2018-04-01 | $159,950 (3.2%) | $184,125 (1.7%) | 0.00 | 89 |
| 2018-05-01 | $162,475 (1.6%) | $172,830 (-4.2%) | 0.00 | 87 |
| 2018-06-01 | $175,000 (7.9%) | $189,213 (4.8%) | 0.00 | 81 |
| 2018-07-01 | $181,000 (11.0%) | $203,879 (12.5%) | 0.00 | 85 |
| 2018-08-01 | $169,900 (6.3%) | $200,898 (11.6%) | 0.00 | 89 |
| 2018-09-01 | $159,900 (-0.1%) | $204,242 (15.1%) | 0.00 | 89 |
| 2018-10-01 | $159,750 (-1.7%) | $206,844 (19.7%) | 0.00 | 83 |
| 2018-11-01 | $158,900 (-0.6%) | $207,300 (19.0%) | 0.00 | 75 |
| 2018-12-01 | $150,000 (-5.7%) | $196,530 (9.2%) | 0.00 | 71 |
| 2019-01-01 | $179,500 (16.6%) | $221,485 (17.0%) | 0.00 | 66 |
| 2019-02-01 | $180,950 (20.6%) | $222,979 (17.9%) | 0.00 | 64 |
| 2019-03-01 | $180,500 (14.3%) | $231,853 (20.1%) | 0.00 | 61 |
| 2019-04-01 | $182,525 (14.1%) | $241,444 (31.1%) | 0.00 | 61 |
| 2019-05-01 | $178,075 (9.6%) | $245,855 (42.3%) | 0.00 | 69 |
| 2019-06-01 | $169,450 (-3.2%) | $229,349 (21.2%) | 0.00 | 77 |
| 2019-07-01 | $170,750 (-5.7%) | $227,539 (11.6%) | 0.00 | 101 |
| 2019-08-01 | $161,973 (-4.7%) | $220,763 (9.9%) | 0.00 | 108 |
| 2019-09-01 | $155,182 (-3.0%) | $216,737 (6.1%) | 0.00 | 108 |
| 2019-10-01 | $149,425 (-6.5%) | $214,052 (3.5%) | 0.00 | 110 |
| 2019-11-01 | $149,450 (-6.0%) | $215,531 (4.0%) | 0.00 | 122 |
| 2019-12-01 | $156,750 (4.5%) | $213,132 (8.5%) | 0.00 | 131 |
| 2020-01-01 | $169,200 (-5.7%) | $211,681 (-4.4%) | 0.00 | 124 |
| 2020-02-01 | $153,750 (-15.0%) | $202,504 (-9.2%) | 0.00 | 114 |
| 2020-03-01 | $155,000 (-14.1%) | $200,698 (-13.4%) | 0.00 | 130 |
| 2020-04-01 | $156,675 (-14.2%) | $209,228 (-13.3%) | 0.00 | 132 |
| 2020-05-01 | $164,750 (-7.5%) | $214,583 (-12.7%) | 0.00 | 133 |
| 2020-06-01 | $166,700 (-1.6%) | $207,893 (-9.4%) | 0.00 | 119 |
| 2020-07-01 | $196,725 (15.2%) | $219,792 (-3.4%) | 0.00 | 114 |
| 2020-08-01 | $185,000 (14.2%) | $219,647 (-0.5%) | 0.00 | 116 |
| 2020-09-01 | $187,025 (20.5%) | $214,484 (-1.0%) | 0.00 | 116 |
| 2020-10-01 | $193,250 (29.3%) | $216,193 (1.0%) | 0.00 | 116 |
| 2020-11-01 | $185,000 (23.8%) | $211,576 (-1.8%) | 0.00 | 117 |
| 2020-12-01 | $173,000 (10.4%) | $208,173 (-2.3%) | 0.00 | 112 |
| 2021-01-01 | $179,000 (5.8%) | $221,738 (4.8%) | 0.00 | 91 |
| 2021-02-01 | $202,425 (31.7%) | $214,532 (5.9%) | 0.00 | 95 |
| 2021-03-01 | $192,200 (24.0%) | $207,988 (3.6%) | 0.00 | 99 |
| 2021-04-01 | $199,450 (27.3%) | $220,383 (5.3%) | 0.00 | 105 |
| 2021-05-01 | $207,550 (26.0%) | $253,603 (18.2%) | 0.00 | 117 |
| 2021-06-01 | $216,750 (30.0%) | $270,484 (30.1%) | 0.00 | 113 |
| 2021-07-01 | $220,000 (11.8%) | $268,152 (22.0%) | 0.00 | 128 |
| 2021-08-01 | $216,200 (16.9%) | $228,059 (3.8%) | 0.00 | 131 |
| 2021-09-01 | $198,000 (5.9%) | $218,298 (1.8%) | 0.00 | 136 |
| 2021-10-01 | $192,500 (-0.4%) | $212,903 (-1.5%) | 0.00 | 130 |
| 2021-11-01 | $175,000 (-5.4%) | $207,433 (-2.0%) | 0.00 | 121 |
| 2021-12-01 | $199,125 (15.1%) | $220,230 (5.8%) | 0.00 | 129 |
| 2022-01-01 | $199,900 (11.7%) | $225,791 (1.8%) | 0.00 | 132 |
| 2022-02-01 | $191,075 (-5.6%) | $218,259 (1.7%) | 0.00 | 120 |
| 2022-03-01 | $194,700 (1.3%) | $224,481 (7.9%) | 0.00 | 106 |
| 2022-04-01 | $198,975 (-0.2%) | $234,569 (6.4%) | 0.00 | 99 |
| 2022-05-01 | $192,000 (-7.5%) | $228,889 (-9.8%) | 0.00 | 103 |
| 2022-06-01 | $183,750 (-15.2%) | $214,857 (-20.6%) | 0.00 | 119 |
| 2022-07-01 | $194,500 (-11.6%) | $217,506 (-18.9%) | 0.00 | 131 |
| 2022-08-01 | $199,675 (-7.6%) | $223,018 (-2.2%) | 0.00 | 132 |
| 2022-09-01 | $197,000 (-0.5%) | $220,157 (0.9%) | 0.00 | 142 |
| 2022-10-01 | $197,000 (2.3%) | $224,295 (5.4%) | 0.00 | 140 |
| 2022-11-01 | $193,250 (10.4%) | $221,693 (6.9%) | 0.00 | 132 |
| 2022-12-01 | $195,000 (-2.1%) | $220,922 (0.3%) | 0.00 | 131 |
| 2023-01-01 | $188,000 (-6.0%) | $214,789 (-4.9%) | 0.00 | 131 |
| 2023-02-01 | $188,500 (-1.4%) | $217,135 (-0.5%) | 0.00 | 126 |
| 2023-03-01 | $193,713 (-0.5%) | $224,201 (-0.1%) | 0.00 | 121 |
| 2023-04-01 | $197,500 (-0.7%) | $228,894 (-2.4%) | 0.00 | 116 |
| 2023-05-01 | $206,000 (7.3%) | $224,180 (-2.1%) | 0.00 | 117 |
| 2023-06-01 | $195,000 (6.1%) | $214,251 (-0.3%) | 0.00 | 127 |
| 2023-07-01 | $199,000 (2.3%) | $222,138 (2.1%) | 0.00 | 135 |
| 2023-08-01 | $220,625 (10.5%) | $237,654 (6.6%) | 0.00 | 143 |
| 2023-09-01 | $227,000 (15.2%) | $246,794 (12.1%) | 0.00 | 146 |
| 2023-10-01 | $219,850 (11.6%) | $245,202 (9.3%) | 0.00 | 148 |
| 2023-11-01 | $216,625 (12.1%) | $242,327 (9.3%) | 0.00 | 151 |
| 2023-12-01 | $217,000 (11.3%) | $236,922 (7.2%) | 0.00 | 151 |
| 2024-01-01 | $222,500 (18.4%) | $246,808 (14.9%) | 0.00 | 137 |
| 2024-02-01 | $226,225 (20.0%) | $247,512 (14.0%) | 0.00 | 125 |
| 2024-03-01 | $232,400 (20.0%) | $249,031 (11.1%) | 0.00 | 129 |
| 2024-04-01 | $228,000 (15.4%) | $248,705 (8.7%) | 0.00 | 138 |
| 2024-05-01 | $226,500 (10.0%) | $262,539 (17.1%) | 0.00 | 141 |
| 2024-06-01 | $222,900 (14.3%) | $262,069 (22.3%) | 0.00 | 144 |
| 2024-07-01 | $219,500 (10.3%) | $259,805 (17.0%) | 0.00 | 153 |
| 2024-08-01 | $216,000 (-2.1%) | $256,755 (8.0%) | 0.00 | 153 |
| 2024-09-01 | $227,000 (0.0%) | $268,012 (8.6%) | 0.00 | 154 |
| 2024-10-01 | $238,125 (8.3%) | $268,982 (9.7%) | 0.00 | 149 |
Big Spring's median listing price comes in at 0% of the national average.
Big Spring's average listing price for 2024-10-01 was $268,982, a difference of $23,780 (9.7%) versus the prior year and $970 versus the prior month.
For the 2024-10-01 period, Big Spring had 149 MLS listings, a difference of -5 listings (-3%) versus the prior month and 1 listings (1%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Big Spring (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 0 days | 1,777 sqft |
| 2018-02-01 | 0 days | 1,806 sqft |
| 2018-03-01 | 0 days | 1,811 sqft |
| 2018-04-01 | 0 days | 1,824 sqft |
| 2018-05-01 | 0 days | 1,803 sqft |
| 2018-06-01 | 0 days | 1,871 sqft |
| 2018-07-01 | 0 days | 1,805 sqft |
| 2018-08-01 | 0 days | 1,796 sqft |
| 2018-09-01 | 0 days | 1,817 sqft |
| 2018-10-01 | 0 days | 1,810 sqft |
| 2018-11-01 | 0 days | 1,734 sqft |
| 2018-12-01 | 0 days | 1,722 sqft |
| 2019-01-01 | 0 days | 1,812 sqft |
| 2019-02-01 | 0 days | 1,817 sqft |
| 2019-03-01 | 0 days | 1,841 sqft |
| 2019-04-01 | 0 days | 1,908 sqft |
| 2019-05-01 | 0 days | 2,037 sqft |
| 2019-06-01 | 0 days | 1,952 sqft |
| 2019-07-01 | 0 days | 1,776 sqft |
| 2019-08-01 | 0 days | 1,715 sqft |
| 2019-09-01 | 0 days | 1,706 sqft |
| 2019-10-01 | 0 days | 1,690 sqft |
| 2019-11-01 | 0 days | 1,672 sqft |
| 2019-12-01 | 0 days | 1,698 sqft |
| 2020-01-01 | 0 days | 1,700 sqft |
| 2020-02-01 | 0 days | 1,711 sqft |
| 2020-03-01 | 0 days | 1,692 sqft |
| 2020-04-01 | 0 days | 1,740 sqft |
| 2020-05-01 | 0 days | 1,735 sqft |
| 2020-06-01 | 0 days | 1,702 sqft |
| 2020-07-01 | 0 days | 1,735 sqft |
| 2020-08-01 | 0 days | 1,704 sqft |
| 2020-09-01 | 0 days | 1,749 sqft |
| 2020-10-01 | 0 days | 1,802 sqft |
| 2020-11-01 | 0 days | 1,775 sqft |
| 2020-12-01 | 0 days | 1,748 sqft |
| 2021-01-01 | 0 days | 1,793 sqft |
| 2021-02-01 | 0 days | 1,827 sqft |
| 2021-03-01 | 0 days | 1,801 sqft |
| 2021-04-01 | 0 days | 1,811 sqft |
| 2021-05-01 | 0 days | 1,836 sqft |
| 2021-06-01 | 0 days | 1,836 sqft |
| 2021-07-01 | 0 days | 1,813 sqft |
| 2021-08-01 | 0 days | 1,755 sqft |
| 2021-09-01 | 0 days | 1,717 sqft |
| 2021-10-01 | 0 days | 1,618 sqft |
| 2021-11-01 | 0 days | 1,632 sqft |
| 2021-12-01 | 0 days | 1,671 sqft |
| 2022-01-01 | 0 days | 1,702 sqft |
| 2022-02-01 | 0 days | 1,702 sqft |
| 2022-03-01 | 0 days | 1,723 sqft |
| 2022-04-01 | 0 days | 1,644 sqft |
| 2022-05-01 | 0 days | 1,601 sqft |
| 2022-06-01 | 0 days | 1,644 sqft |
| 2022-07-01 | 0 days | 1,712 sqft |
| 2022-08-01 | 0 days | 1,757 sqft |
| 2022-09-01 | 0 days | 1,779 sqft |
| 2022-10-01 | 0 days | 1,669 sqft |
| 2022-11-01 | 0 days | 1,669 sqft |
| 2022-12-01 | 0 days | 1,679 sqft |
| 2023-01-01 | 0 days | 1,614 sqft |
| 2023-02-01 | 0 days | 1,669 sqft |
| 2023-03-01 | 0 days | 1,705 sqft |
| 2023-04-01 | 0 days | 1,663 sqft |
| 2023-05-01 | 0 days | 1,852 sqft |
| 2023-06-01 | 0 days | 1,826 sqft |
| 2023-07-01 | 0 days | 1,704 sqft |
| 2023-08-01 | 0 days | 1,807 sqft |
| 2023-09-01 | 0 days | 1,810 sqft |
| 2023-10-01 | 0 days | 1,795 sqft |
| 2023-11-01 | 0 days | 1,781 sqft |
| 2023-12-01 | 0 days | 1,759 sqft |
| 2024-01-01 | 0 days | 1,886 sqft |
| 2024-02-01 | 0 days | 1,847 sqft |
| 2024-03-01 | 0 days | 1,883 sqft |
| 2024-04-01 | 0 days | 1,873 sqft |
| 2024-05-01 | 0 days | 1,861 sqft |
| 2024-06-01 | 0 days | 1,810 sqft |
| 2024-07-01 | 0 days | 1,790 sqft |
| 2024-08-01 | 0 days | 1,747 sqft |
| 2024-09-01 | 0 days | 1,800 sqft |
| 2024-10-01 | 0 days | 1,753 sqft |
Big Spring's median square footage for active listings during the 2024-10-01 period was 1,753 sqft. One year prior, the average listing was 1,795 sqft.