Brownsville USDA Loan Rates, Closing Costs & Stats
BROWNSVILLE-HARLINGEN, 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.
Brownsville's 7 lenders originated 9 USDA loans during 2023. The total origination value was $1,915,000, with an average USDA loan value of $212,778.
Brownsville USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Brownsville
averaged
6.85%
for the week of 2024-04-19, compared to the national average (all USDA variants) of
6.863% for the same period.
Brownsville's average USDA mortgage closing costs are $6,926.
The average rate for the prior week (2024-04-12) was
6.5% and
one month ago for the week of 2024-03-15, the
average rate was 6.48%.
The average rate one year ago was 6.12%.
For refis of the same type during the week of 2024-04-19, the average rate
was 7%.
Brownsville 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 Brownsville level.
| Name | # of Loans | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
|---|---|---|---|
| ACADEMY MORTGAGE CORPORATION | 2 | 6.44% | $9,706 |
| DRAPER AND KRAMER MORTGAGE CORP. | 2 | 6.63% | $7,948 |
| Plains Commerce Bank | 1 | 7.75% | $5,806 |
| PLAZA HOME MORTGAGE, INC. | 1 | 6.75% | $7,292 |
| UNITED WHOLESALE MORTGAGE, LLC | 1 | 7.13% | $11,131 |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | 1 | 7.25% | $8,309 |
| CARDINAL FINANCIAL | 1 | 6.13% | $8,322 |
The top Brownsville USDA lender as defined by loan originations is ACADEMY MORTGAGE CORPORATION, with
2 USDA loans originated. Their average total fees are
$9,706, which is $1,757
higher than the next largest lender,
DRAPER AND KRAMER MORTGAGE CORP..
The lowest fee Brownsville USDA lenders (with over 10 loans originated) are
.
The lowest rate Brownsville USDA lenders (with over 10 loans originated) are
.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Brownsville (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 | $200,000 (2.6%) | $282,802 (2.6%) | 0.74 | 1,594 |
| 2018-02-01 | $204,374 (5.4%) | $284,402 (2.8%) | 0.74 | 1,610 |
| 2018-03-01 | $209,000 (6.4%) | $294,820 (4.7%) | 0.73 | 1,608 |
| 2018-04-01 | $209,974 (5.3%) | $297,318 (4.5%) | 0.71 | 1,567 |
| 2018-05-01 | $221,950 (8.3%) | $304,156 (5.5%) | 0.74 | 1,561 |
| 2018-06-01 | $225,000 (6.5%) | $308,066 (3.8%) | 0.75 | 1,603 |
| 2018-07-01 | $224,975 (7.1%) | $307,151 (3.3%) | 0.75 | 1,631 |
| 2018-08-01 | $221,000 (8.1%) | $305,779 (4.6%) | 0.74 | 1,637 |
| 2018-09-01 | $215,000 (7.6%) | $302,495 (4.3%) | 0.72 | 1,583 |
| 2018-10-01 | $218,448 (9.3%) | $308,371 (6.7%) | 0.74 | 1,559 |
| 2018-11-01 | $217,900 (6.7%) | $305,311 (5.3%) | 0.74 | 1,556 |
| 2018-12-01 | $215,000 (3.6%) | $301,647 (4.2%) | 0.74 | 1,521 |
| 2019-01-01 | $212,500 (6.3%) | $298,967 (5.7%) | 0.73 | 1,458 |
| 2019-02-01 | $214,675 (5.0%) | $299,483 (5.3%) | 0.73 | 1,472 |
| 2019-03-01 | $221,786 (6.1%) | $303,218 (2.9%) | 0.73 | 1,475 |
| 2019-04-01 | $224,925 (7.1%) | $303,462 (2.1%) | 0.71 | 1,486 |
| 2019-05-01 | $229,950 (3.6%) | $308,495 (1.4%) | 0.72 | 1,477 |
| 2019-06-01 | $229,900 (2.2%) | $309,575 (0.5%) | 0.72 | 1,490 |
| 2019-07-01 | $232,000 (3.1%) | $318,034 (3.5%) | 0.73 | 1,420 |
| 2019-08-01 | $232,818 (5.4%) | $322,228 (5.4%) | 0.74 | 1,402 |
| 2019-09-01 | $234,045 (8.9%) | $327,031 (8.1%) | 0.75 | 1,382 |
| 2019-10-01 | $237,000 (8.5%) | $332,147 (7.7%) | 0.76 | 1,355 |
| 2019-11-01 | $235,000 (7.9%) | $326,907 (7.1%) | 0.77 | 1,321 |
| 2019-12-01 | $229,975 (7.0%) | $320,188 (6.2%) | 0.77 | 1,324 |
| 2020-01-01 | $229,315 (7.9%) | $319,019 (6.7%) | 0.77 | 1,260 |
| 2020-02-01 | $230,000 (7.1%) | $319,744 (6.8%) | 0.75 | 1,271 |
| 2020-03-01 | $239,125 (7.8%) | $326,932 (7.8%) | 0.75 | 1,242 |
| 2020-04-01 | $239,000 (6.3%) | $326,689 (7.7%) | 0.75 | 1,216 |
| 2020-05-01 | $245,900 (6.9%) | $365,176 (18.4%) | 0.75 | 1,178 |
| 2020-06-01 | $250,000 (8.7%) | $371,113 (19.9%) | 0.74 | 1,017 |
| 2020-07-01 | $256,000 (10.3%) | $375,911 (18.2%) | 0.74 | 933 |
| 2020-08-01 | $249,000 (7.0%) | $367,748 (14.1%) | 0.71 | 873 |
| 2020-09-01 | $249,000 (6.4%) | $373,373 (14.2%) | 0.71 | 819 |
| 2020-10-01 | $249,900 (5.4%) | $379,767 (14.3%) | 0.72 | 761 |
| 2020-11-01 | $249,450 (6.2%) | $383,033 (17.2%) | 0.73 | 740 |
| 2020-12-01 | $249,949 (8.7%) | $386,507 (20.7%) | 0.74 | 713 |
| 2021-01-01 | $255,660 (11.5%) | $395,026 (23.8%) | 0.76 | 622 |
| 2021-02-01 | $260,000 (13.0%) | $397,601 (24.4%) | 0.76 | 565 |
| 2021-03-01 | $257,725 (7.8%) | $403,916 (23.6%) | 0.73 | 521 |
| 2021-04-01 | $260,000 (8.8%) | $427,622 (30.9%) | 0.70 | 444 |
| 2021-05-01 | $279,000 (13.5%) | $468,097 (28.2%) | 0.74 | 368 |
| 2021-06-01 | $279,000 (11.6%) | $469,771 (26.6%) | 0.73 | 352 |
| 2021-07-01 | $286,000 (11.7%) | $473,219 (25.9%) | 0.75 | 407 |
| 2021-08-01 | $286,675 (15.1%) | $462,601 (25.8%) | 0.76 | 439 |
| 2021-09-01 | $292,000 (17.3%) | $463,792 (24.2%) | 0.78 | 464 |
| 2021-10-01 | $282,500 (13.1%) | $470,175 (23.8%) | 0.75 | 465 |
| 2021-11-01 | $294,750 (18.2%) | $478,704 (25.0%) | 0.79 | 457 |
| 2021-12-01 | $296,000 (18.4%) | $491,233 (27.1%) | 0.80 | 452 |
| 2022-01-01 | $299,950 (17.3%) | $519,096 (31.4%) | 0.81 | 408 |
| 2022-02-01 | $304,975 (17.3%) | $520,426 (30.9%) | 0.79 | 405 |
| 2022-03-01 | $321,000 (24.6%) | $523,280 (29.6%) | 0.80 | 405 |
| 2022-04-01 | $325,000 (25.0%) | $521,244 (21.9%) | 0.77 | 427 |
| 2022-05-01 | $323,348 (15.9%) | $487,061 (4.1%) | 0.74 | 462 |
| 2022-06-01 | $339,475 (21.7%) | $469,147 (-0.1%) | 0.76 | 544 |
| 2022-07-01 | $325,000 (13.6%) | $463,121 (-2.1%) | 0.73 | 613 |
| 2022-08-01 | $325,000 (13.4%) | $456,254 (-1.4%) | 0.75 | 686 |
| 2022-09-01 | $328,125 (12.4%) | $449,899 (-3.0%) | 0.77 | 714 |
| 2022-10-01 | $320,500 (13.5%) | $428,637 (-8.8%) | 0.75 | 820 |
| 2022-11-01 | $322,500 (9.4%) | $425,513 (-11.1%) | 0.78 | 865 |
| 2022-12-01 | $320,000 (8.1%) | $421,370 (-14.2%) | 0.79 | 862 |
| 2023-01-01 | $317,475 (5.8%) | $420,103 (-19.1%) | 0.79 | 862 |
| 2023-02-01 | $319,000 (4.6%) | $419,433 (-19.4%) | 0.77 | 879 |
| 2023-03-01 | $319,000 (-0.6%) | $418,534 (-20.0%) | 0.75 | 862 |
| 2023-04-01 | $324,700 (-0.1%) | $428,534 (-17.8%) | 0.76 | 824 |
| 2023-05-01 | $325,000 (0.5%) | $434,876 (-10.7%) | 0.74 | 818 |
| 2023-06-01 | $330,000 (-2.8%) | $453,083 (-3.4%) | 0.74 | 851 |
| 2023-07-01 | $330,000 (1.5%) | $451,746 (-2.5%) | 0.75 | 898 |
| 2023-08-01 | $325,000 (0.0%) | $445,788 (-2.3%) | 0.75 | 945 |
| 2023-09-01 | $319,000 (-2.8%) | $424,173 (-5.7%) | 0.74 | 999 |
| 2023-10-01 | $319,450 (-0.3%) | $417,748 (-2.5%) | 0.75 | 1,069 |
| 2023-11-01 | $311,250 (-3.5%) | $407,704 (-4.2%) | 0.74 | 1,155 |
| 2023-12-01 | $305,000 (-4.7%) | $398,248 (-5.5%) | 0.74 | 1,232 |
| 2024-01-01 | $307,850 (-3.0%) | $402,184 (-4.3%) | 0.75 | 1,215 |
| 2024-02-01 | $304,900 (-4.4%) | $397,100 (-5.3%) | 0.73 | 1,273 |
| 2024-03-01 | $308,000 (-3.5%) | $407,098 (-2.7%) | 0.72 | 1,310 |
Brownsville's median listing price comes in at 72% of the national average.
Brownsville's average listing price for 2024-03-01 was $407,098, a difference of $-11,436 (-2.7%) versus the prior year and $9,998 versus the prior month.
For the 2024-03-01 period, Brownsville had 1,310 MLS listings, a difference of 37 listings (3%) versus the prior month and 448 listings (52%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Brownsville (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 110 days | 1,649 sqft |
| 2018-02-01 | 109 days | 1,643 sqft |
| 2018-03-01 | 109 days | 1,650 sqft |
| 2018-04-01 | 95 days | 1,665 sqft |
| 2018-05-01 | 89 days | 1,676 sqft |
| 2018-06-01 | 89 days | 1,700 sqft |
| 2018-07-01 | 91 days | 1,709 sqft |
| 2018-08-01 | 94 days | 1,694 sqft |
| 2018-09-01 | 101 days | 1,694 sqft |
| 2018-10-01 | 107 days | 1,709 sqft |
| 2018-11-01 | 109 days | 1,708 sqft |
| 2018-12-01 | 115 days | 1,706 sqft |
| 2019-01-01 | 110 days | 1,688 sqft |
| 2019-02-01 | 102 days | 1,670 sqft |
| 2019-03-01 | 96 days | 1,659 sqft |
| 2019-04-01 | 92 days | 1,650 sqft |
| 2019-05-01 | 90 days | 1,665 sqft |
| 2019-06-01 | 83 days | 1,693 sqft |
| 2019-07-01 | 93 days | 1,687 sqft |
| 2019-08-01 | 96 days | 1,685 sqft |
| 2019-09-01 | 98 days | 1,694 sqft |
| 2019-10-01 | 97 days | 1,705 sqft |
| 2019-11-01 | 94 days | 1,695 sqft |
| 2019-12-01 | 96 days | 1,700 sqft |
| 2020-01-01 | 96 days | 1,686 sqft |
| 2020-02-01 | 95 days | 1,732 sqft |
| 2020-03-01 | 77 days | 1,752 sqft |
| 2020-04-01 | 87 days | 1,728 sqft |
| 2020-05-01 | 96 days | 1,738 sqft |
| 2020-06-01 | 100 days | 1,783 sqft |
| 2020-07-01 | 79 days | 1,781 sqft |
| 2020-08-01 | 81 days | 1,761 sqft |
| 2020-09-01 | 76 days | 1,792 sqft |
| 2020-10-01 | 81 days | 1,800 sqft |
| 2020-11-01 | 83 days | 1,825 sqft |
| 2020-12-01 | 81 days | 1,800 sqft |
| 2021-01-01 | 89 days | 1,849 sqft |
| 2021-02-01 | 77 days | 1,833 sqft |
| 2021-03-01 | 68 days | 1,888 sqft |
| 2021-04-01 | 48 days | 1,916 sqft |
| 2021-05-01 | 44 days | 1,946 sqft |
| 2021-06-01 | 42 days | 1,910 sqft |
| 2021-07-01 | 37 days | 1,887 sqft |
| 2021-08-01 | 46 days | 1,884 sqft |
| 2021-09-01 | 46 days | 1,918 sqft |
| 2021-10-01 | 51 days | 1,871 sqft |
| 2021-11-01 | 50 days | 1,858 sqft |
| 2021-12-01 | 55 days | 1,856 sqft |
| 2022-01-01 | 63 days | 1,943 sqft |
| 2022-02-01 | 46 days | 1,883 sqft |
| 2022-03-01 | 45 days | 1,881 sqft |
| 2022-04-01 | 40 days | 1,843 sqft |
| 2022-05-01 | 41 days | 1,800 sqft |
| 2022-06-01 | 38 days | 1,849 sqft |
| 2022-07-01 | 44 days | 1,808 sqft |
| 2022-08-01 | 47 days | 1,791 sqft |
| 2022-09-01 | 58 days | 1,799 sqft |
| 2022-10-01 | 58 days | 1,820 sqft |
| 2022-11-01 | 63 days | 1,823 sqft |
| 2022-12-01 | 72 days | 1,808 sqft |
| 2023-01-01 | 78 days | 1,803 sqft |
| 2023-02-01 | 71 days | 1,800 sqft |
| 2023-03-01 | 63 days | 1,815 sqft |
| 2023-04-01 | 66 days | 1,831 sqft |
| 2023-05-01 | 67 days | 1,787 sqft |
| 2023-06-01 | 57 days | 1,801 sqft |
| 2023-07-01 | 60 days | 1,800 sqft |
| 2023-08-01 | 66 days | 1,775 sqft |
| 2023-09-01 | 65 days | 1,747 sqft |
| 2023-10-01 | 66 days | 1,758 sqft |
| 2023-11-01 | 66 days | 1,750 sqft |
| 2023-12-01 | 67 days | 1,710 sqft |
| 2024-01-01 | 79 days | 1,713 sqft |
| 2024-02-01 | 79 days | 1,701 sqft |
| 2024-03-01 | 68 days | 1,700 sqft |
Brownsville's median square footage for active listings during the 2024-03-01 period was 1,700 sqft. One year prior, the average listing was 1,815 sqft.