Brownwood USDA Loan Rates, Closing Costs & Stats

Brownwood, 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.

Brownwood's 5 lenders originated 27 USDA loans during 2023. The total origination value was $4,495,000, with an average USDA loan value of $166,481.

Brownwood USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Brownwood averaged 6.78% for the week of 2024-03-22, compared to the national average (all USDA variants) of 6.674% for the same period.

Brownwood's average USDA mortgage closing costs are $6,010.

The average rate for the prior week (2024-03-15) was 6.71% and one month ago for the week of 2024-02-16, the average rate was 6.69%.

The average rate one year ago was 6.59%.

For refis of the same type during the week of 2024-03-22, the average rate was 6.67%.

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

Brownwood 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 Brownwood level.

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
PRIMELENDING, A PLAINSCAPITAL COMPANY 12 6.24% $7,667
OPEN MORTGAGE, LLC 9 6.21% $7,419
CITY FIRST MORTGAGE SERVICES, L.L.C. 1 7.75% $7,367
CROSSCOUNTRY MORTGAGE, LLC 1 7.63% $8,330
First National Bank 1 6.25% $5,655

The top Brownwood USDA lender as defined by loan originations is PRIMELENDING, A PLAINSCAPITAL COMPANY, with 12 USDA loans originated. Their average total fees are $7,667, which is $249 higher than the next largest lender, OPEN MORTGAGE, LLC.

The lowest fee Brownwood USDA lenders (with over 10 loans originated) are PRIMELENDING, A PLAINSCAPITAL COMPANY ($7,667), .

The lowest rate Brownwood USDA lenders (with over 10 loans originated) are PRIMELENDING, A PLAINSCAPITAL COMPANY (6.24%), .


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Brownwood (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 $132,500 (-7.5%) $196,104 (-6.4%) 0.00 193
2018-02-01 $132,375 (-4.4%) $192,212 (-14.8%) 0.00 186
2018-03-01 $135,000 (-5.9%) $201,315 (-11.3%) 0.00 186
2018-04-01 $154,225 (6.4%) $211,910 (-6.8%) 0.00 196
2018-05-01 $160,725 (7.2%) $233,399 (2.5%) 0.00 197
2018-06-01 $159,900 (8.3%) $224,853 (-0.9%) 0.00 201
2018-07-01 $161,750 (8.7%) $227,687 (2.3%) 0.00 190
2018-08-01 $159,900 (8.5%) $221,910 (4.1%) 0.00 193
2018-09-01 $159,900 (0.0%) $214,905 (-4.5%) 0.00 194
2018-10-01 $145,000 (-1.3%) $206,295 (-4.8%) 0.00 177
2018-11-01 $146,425 (6.1%) $203,299 (-4.3%) 0.00 182
2018-12-01 $139,900 (2.5%) $195,411 (0.3%) 0.00 190
2019-01-01 $136,325 (2.9%) $185,974 (-5.2%) 0.00 184
2019-02-01 $134,988 (2.0%) $182,625 (-5.0%) 0.00 183
2019-03-01 $141,257 (4.6%) $193,096 (-4.1%) 0.00 181
2019-04-01 $148,645 (-3.6%) $211,379 (-0.3%) 0.00 178
2019-05-01 $136,125 (-15.3%) $210,820 (-9.7%) 0.00 185
2019-06-01 $139,000 (-13.1%) $207,506 (-7.7%) 0.00 188
2019-07-01 $136,150 (-15.8%) $208,212 (-8.6%) 0.00 187
2019-08-01 $147,727 (-7.6%) $218,668 (-1.5%) 0.00 178
2019-09-01 $151,818 (-5.1%) $230,697 (7.4%) 0.00 170
2019-10-01 $161,000 (11.0%) $248,837 (20.6%) 0.00 154
2019-11-01 $164,950 (12.7%) $260,337 (28.1%) 0.00 143
2019-12-01 $164,300 (17.4%) $256,477 (31.3%) 0.00 138
2020-01-01 $151,800 (11.4%) $254,944 (37.1%) 0.00 125
2020-02-01 $140,000 (3.7%) $256,305 (40.3%) 0.00 120
2020-03-01 $147,450 (4.4%) $244,870 (26.8%) 0.00 123
2020-04-01 $145,750 (-2.0%) $232,931 (10.2%) 0.00 138
2020-05-01 $148,500 (9.1%) $230,340 (9.3%) 0.00 136
2020-06-01 $159,225 (14.6%) $245,297 (18.2%) 0.00 123
2020-07-01 $149,450 (9.8%) $245,346 (17.8%) 0.00 122
2020-08-01 $153,450 (3.9%) $277,824 (27.1%) 0.00 105
2020-09-01 $151,000 (-0.5%) $291,257 (26.3%) 0.00 104
2020-10-01 $149,450 (-7.2%) $310,375 (24.7%) 0.00 103
2020-11-01 $149,425 (-9.4%) $296,523 (13.9%) 0.00 103
2020-12-01 $157,500 (-4.1%) $299,608 (16.8%) 0.00 93
2021-01-01 $149,250 (-1.7%) $293,197 (15.0%) 0.00 78
2021-02-01 $224,500 (60.4%) $350,594 (36.8%) 0.00 67
2021-03-01 $210,500 (42.8%) $350,692 (43.2%) 0.00 57
2021-04-01 $219,125 (50.3%) $384,847 (65.2%) 0.00 59
2021-05-01 $227,000 (52.9%) $400,806 (74.0%) 0.00 63
2021-06-01 $225,625 (41.7%) $369,499 (50.6%) 0.00 74
2021-07-01 $227,000 (51.9%) $340,488 (38.8%) 0.00 86
2021-08-01 $242,900 (58.3%) $324,705 (16.9%) 0.00 72
2021-09-01 $233,625 (54.7%) $367,993 (26.4%) 0.00 64
2021-10-01 $250,000 (67.3%) $367,923 (18.5%) 0.00 73
2021-11-01 $222,975 (49.2%) $322,816 (8.9%) 0.00 76
2021-12-01 $193,000 (22.5%) $293,663 (-2.0%) 0.00 75
2022-01-01 $184,750 (23.8%) $291,923 (-0.4%) 0.00 65
2022-02-01 $172,575 (-23.1%) $267,711 (-23.6%) 0.00 60
2022-03-01 $199,250 (-5.3%) $254,093 (-27.6%) 0.00 52
2022-04-01 $190,000 (-13.3%) $258,002 (-33.0%) 0.00 47
2022-05-01 $196,888 (-13.3%) $272,516 (-32.0%) 0.00 51
2022-06-01 $223,725 (-0.8%) $330,629 (-10.5%) 0.00 74
2022-07-01 $264,900 (16.7%) $360,268 (5.8%) 0.00 88
2022-08-01 $288,000 (18.6%) $363,013 (11.8%) 0.00 105
2022-09-01 $312,450 (33.7%) $373,692 (1.6%) 0.00 95
2022-10-01 $300,000 (20.0%) $396,730 (7.8%) 0.00 104
2022-11-01 $280,000 (25.6%) $375,919 (16.5%) 0.00 118
2022-12-01 $281,450 (45.8%) $374,461 (27.5%) 0.00 118
2023-01-01 $292,625 (58.4%) $359,653 (23.2%) 0.00 117
2023-02-01 $255,249 (47.9%) $348,129 (30.0%) 0.00 119
2023-03-01 $269,499 (35.3%) $338,274 (33.1%) 0.00 121
2023-04-01 $265,000 (39.5%) $322,338 (24.9%) 0.00 122
2023-05-01 $269,025 (36.6%) $347,072 (27.4%) 0.00 127
2023-06-01 $256,000 (14.4%) $359,335 (8.7%) 0.00 137
2023-07-01 $249,450 (-5.8%) $341,643 (-5.2%) 0.00 153
2023-08-01 $239,500 (-16.8%) $357,392 (-1.6%) 0.00 142
2023-09-01 $259,000 (-17.1%) $354,754 (-5.1%) 0.00 143
2023-10-01 $249,765 (-16.7%) $357,864 (-9.8%) 0.00 147
2023-11-01 $260,000 (-7.1%) $366,994 (-2.4%) 0.00 148
2023-12-01 $250,000 (-11.2%) $344,823 (-7.9%) 0.00 141
2024-01-01 $249,950 (-14.6%) $365,263 (1.6%) 0.00 137
2024-02-01 $249,900 (-2.1%) $345,392 (-0.8%) 0.00 153
Brownwood's median listing price for 2024-02-01 was $249,900, a difference of $-5,349 (-2.1%) versus the prior year and $-50 versus the prior month.

Brownwood's median listing price comes in at 0% of the national average.

Brownwood's average listing price for 2024-02-01 was $345,392, a difference of $-2,737 (-0.8%) versus the prior year and $-19,871 versus the prior month.

For the 2024-02-01 period, Brownwood had 153 MLS listings, a difference of 16 listings (12%) versus the prior month and 34 listings (29%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Brownwood (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,595 sqft
2018-02-01 0 days 1,608 sqft
2018-03-01 0 days 1,669 sqft
2018-04-01 0 days 1,718 sqft
2018-05-01 0 days 1,717 sqft
2018-06-01 0 days 1,754 sqft
2018-07-01 0 days 1,801 sqft
2018-08-01 0 days 1,797 sqft
2018-09-01 0 days 1,755 sqft
2018-10-01 0 days 1,671 sqft
2018-11-01 0 days 1,686 sqft
2018-12-01 0 days 1,680 sqft
2019-01-01 0 days 1,627 sqft
2019-02-01 0 days 1,650 sqft
2019-03-01 0 days 1,595 sqft
2019-04-01 0 days 1,618 sqft
2019-05-01 0 days 1,527 sqft
2019-06-01 0 days 1,540 sqft
2019-07-01 0 days 1,575 sqft
2019-08-01 0 days 1,598 sqft
2019-09-01 0 days 1,603 sqft
2019-10-01 0 days 1,628 sqft
2019-11-01 0 days 1,689 sqft
2019-12-01 0 days 1,671 sqft
2020-01-01 0 days 1,589 sqft
2020-02-01 0 days 1,525 sqft
2020-03-01 0 days 1,595 sqft
2020-04-01 0 days 1,556 sqft
2020-05-01 0 days 1,620 sqft
2020-06-01 0 days 1,666 sqft
2020-07-01 0 days 1,631 sqft
2020-08-01 0 days 1,623 sqft
2020-09-01 0 days 1,621 sqft
2020-10-01 0 days 1,648 sqft
2020-11-01 0 days 1,649 sqft
2020-12-01 0 days 1,727 sqft
2021-01-01 0 days 1,626 sqft
2021-02-01 0 days 1,703 sqft
2021-03-01 0 days 1,652 sqft
2021-04-01 0 days 1,664 sqft
2021-05-01 0 days 1,861 sqft
2021-06-01 0 days 1,747 sqft
2021-07-01 0 days 1,766 sqft
2021-08-01 0 days 1,755 sqft
2021-09-01 0 days 1,732 sqft
2021-10-01 0 days 1,744 sqft
2021-11-01 0 days 1,811 sqft
2021-12-01 0 days 1,693 sqft
2022-01-01 0 days 1,607 sqft
2022-02-01 0 days 1,521 sqft
2022-03-01 0 days 1,617 sqft
2022-04-01 0 days 1,568 sqft
2022-05-01 0 days 1,629 sqft
2022-06-01 0 days 1,715 sqft
2022-07-01 0 days 1,776 sqft
2022-08-01 0 days 1,804 sqft
2022-09-01 0 days 1,923 sqft
2022-10-01 0 days 1,908 sqft
2022-11-01 0 days 1,881 sqft
2022-12-01 0 days 1,860 sqft
2023-01-01 0 days 1,818 sqft
2023-02-01 0 days 1,773 sqft
2023-03-01 0 days 1,783 sqft
2023-04-01 0 days 1,740 sqft
2023-05-01 0 days 1,792 sqft
2023-06-01 0 days 1,793 sqft
2023-07-01 0 days 1,792 sqft
2023-08-01 0 days 1,761 sqft
2023-09-01 0 days 1,750 sqft
2023-10-01 0 days 1,665 sqft
2023-11-01 0 days 1,690 sqft
2023-12-01 0 days 1,709 sqft
2024-01-01 0 days 1,724 sqft
2024-02-01 0 days 1,693 sqft
Brownwood's median listing age (time on market) for 2024-02-01 was 0 days.

Brownwood's median square footage for active listings during the 2024-02-01 period was 1,693 sqft. One year prior, the average listing was 1,773 sqft.