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 6 lenders originated 10 USDA loans during 2022. The total origination value was $1,970,000, with an average USDA loan value of $197,000.

Brownsville USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Brownsville averaged 6.34% for the week of 2024-03-01, compared to the national average (all USDA variants) of 6.729% for the same period.

Brownsville's average USDA mortgage closing costs are $6,626.

The average rate for the prior week (2024-02-23) was 6.59% and one month ago for the week of 2024-01-26, the average rate was 6.15%.

The average rate one year ago was 6.41%.

For refis of the same type during the week of 2024-03-01, the average rate was 5.77%.

Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
ACADEMY MORTGAGE CORPORATION 2 5.81% $9,162
DRAPER AND KRAMER MORTGAGE CORP. 2 5.88% $9,084
HOME POINT FINANCIAL CORPORATION 2 3.31% $9,283
UNITED WHOLESALE MORTGAGE, LLC 2 3.75% $9,413
CMG MORTGAGE, INC. 1 4.63% $6,944
EUSTIS AND AMERICAN MORTGAGE COMPANY 1 6.13% $8,827

The top Brownsville USDA lender as defined by loan originations is ACADEMY MORTGAGE CORPORATION, with 2 USDA loans originated. Their average total fees are $9,162, which is $78 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
Brownsville's median listing price for 2024-01-01 was $307,850, a difference of $-9,625 (-3.0%) versus the prior year and $2,850 versus the prior month.

Brownsville's median listing price comes in at 75% of the national average.

Brownsville's average listing price for 2024-01-01 was $402,184, a difference of $-17,919 (-4.3%) versus the prior year and $3,936 versus the prior month.

For the 2024-01-01 period, Brownsville had 1,215 MLS listings, a difference of -17 listings (-1%) versus the prior month and 353 listings (41%) 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
Brownsville's median listing age (time on market) for 2024-01-01 was 79 days. This is 1% longer than the same period one year ago.

Brownsville's median square footage for active listings during the 2024-01-01 period was 1,713 sqft. One year prior, the average listing was 1,803 sqft.