Corpus Christi USDA Loan Rates, Closing Costs & Stats

CORPUS CHRISTI, 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.

Corpus Christi's 3 lenders originated 7 USDA loans during 2021. The total origination value was $1,175,000, with an average USDA loan value of $167,857.

Corpus Christi USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Corpus Christi averaged 6.65% for the week of 2022-12-02, compared to the national average (all USDA variants) of 6.437% for the same period.

Corpus Christi's average USDA mortgage closing costs are $5,374.

The average rate for the prior week (2022-11-25) was 6.68% and one month ago for the week of 2022-10-28, the average rate was 6.85%.

The average rate one year ago was 3.65%.

For refis of the same type during the week of 2022-12-02, the average rate was 6.4%.

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

Corpus Christi 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 Corpus Christi level.

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
CALIBER HOME LOANS, INC. 3 3.00% $5,567
WILLOW BEND MORTGAGE COMPANY, LLC 2 3.13% $7,273
EVERETT FINANCIAL, INC. 1 3.88% $5,163

The top Corpus Christi USDA lender as defined by loan originations is CALIBER HOME LOANS, INC., with 3 USDA loans originated. Their average total fees are $5,567, which is $1,706 lower than the next largest lender, WILLOW BEND MORTGAGE COMPANY, LLC.

The lowest fee Corpus Christi USDA lenders (with over 10 loans originated) are .

The lowest rate Corpus Christi USDA lenders (with over 10 loans originated) are .


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Corpus Christi (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 $229,900 (0.1%) $293,823 (-1.2%) 0.85 1,900
2018-02-01 $234,025 (1.2%) $294,829 (-0.9%) 0.85 1,908
2018-03-01 $238,950 (1.7%) $304,542 (0.1%) 0.84 1,909
2018-04-01 $239,900 (0.4%) $309,544 (-0.3%) 0.81 1,943
2018-05-01 $239,900 (2.1%) $311,737 (1.6%) 0.80 1,946
2018-06-01 $238,900 (1.7%) $308,835 (0.1%) 0.80 2,035
2018-07-01 $239,000 (1.7%) $310,423 (1.0%) 0.80 2,035
2018-08-01 $239,700 (1.1%) $309,434 (0.3%) 0.80 2,077
2018-09-01 $239,500 (3.2%) $310,442 (2.8%) 0.80 2,085
2018-10-01 $237,000 (3.1%) $310,128 (5.2%) 0.80 2,073
2018-11-01 $233,975 (1.8%) $306,123 (5.3%) 0.79 2,051
2018-12-01 $234,900 (2.2%) $305,947 (5.8%) 0.81 1,930
2019-01-01 $237,328 (3.2%) $308,044 (4.8%) 0.82 1,889
2019-02-01 $239,900 (2.5%) $312,451 (6.0%) 0.81 1,918
2019-03-01 $244,069 (2.1%) $319,929 (5.1%) 0.80 1,941
2019-04-01 $249,750 (4.1%) $328,138 (6.0%) 0.79 1,968
2019-05-01 $249,950 (4.2%) $330,688 (6.1%) 0.78 2,034
2019-06-01 $249,900 (4.6%) $328,129 (6.3%) 0.78 2,062
2019-07-01 $249,900 (4.6%) $330,613 (6.5%) 0.78 2,056
2019-08-01 $250,745 (4.6%) $332,039 (7.3%) 0.79 2,029
2019-09-01 $252,014 (5.2%) $334,297 (7.7%) 0.81 1,986
2019-10-01 $252,659 (6.6%) $335,307 (8.1%) 0.82 1,946
2019-11-01 $249,000 (6.4%) $331,075 (8.2%) 0.82 1,928
2019-12-01 $249,900 (6.4%) $331,796 (8.5%) 0.83 1,865
2020-01-01 $249,000 (4.9%) $330,598 (7.3%) 0.83 1,778
2020-02-01 $254,900 (6.3%) $339,925 (8.8%) 0.83 1,740
2020-03-01 $262,974 (7.8%) $354,202 (10.7%) 0.82 1,749
2020-04-01 $259,450 (3.9%) $353,526 (7.7%) 0.81 1,741
2020-05-01 $269,500 (7.8%) $361,243 (9.2%) 0.82 1,577
2020-06-01 $269,500 (7.8%) $368,082 (12.2%) 0.79 1,381
2020-07-01 $271,950 (8.8%) $376,152 (13.8%) 0.79 1,282
2020-08-01 $278,450 (11.1%) $376,402 (13.4%) 0.80 1,224
2020-09-01 $279,950 (11.1%) $387,626 (16.0%) 0.80 1,189
2020-10-01 $279,900 (10.8%) $388,842 (16.0%) 0.80 1,132
2020-11-01 $279,675 (12.3%) $383,221 (15.8%) 0.82 1,153
2020-12-01 $271,963 (8.8%) $380,100 (14.6%) 0.81 1,085
2021-01-01 $269,900 (8.4%) $384,105 (16.2%) 0.81 970
2021-02-01 $272,413 (6.9%) $384,563 (13.1%) 0.79 904
2021-03-01 $275,000 (4.6%) $384,558 (8.6%) 0.78 829
2021-04-01 $276,400 (6.5%) $391,931 (10.9%) 0.75 762
2021-05-01 $289,900 (7.6%) $417,186 (15.5%) 0.77 687
2021-06-01 $290,000 (7.6%) $419,672 (14.0%) 0.76 702
2021-07-01 $297,900 (9.5%) $426,848 (13.5%) 0.78 833
2021-08-01 $298,250 (7.1%) $418,057 (11.1%) 0.80 911
2021-09-01 $288,700 (3.1%) $404,493 (4.4%) 0.77 962
2021-10-01 $294,900 (5.4%) $404,107 (3.9%) 0.79 938
2021-11-01 $294,450 (5.3%) $404,338 (5.5%) 0.79 888
2021-12-01 $285,500 (5.0%) $396,789 (4.4%) 0.77 831
2022-01-01 $289,700 (7.3%) $403,108 (5.0%) 0.78 825
2022-02-01 $299,450 (9.9%) $425,111 (10.5%) 0.78 750
2022-03-01 $305,200 (11.0%) $432,618 (12.5%) 0.76 735
2022-04-01 $315,000 (14.0%) $427,404 (9.1%) 0.75 780
2022-05-01 $333,575 (15.1%) $435,091 (4.3%) 0.76 926
2022-06-01 $331,675 (14.4%) $439,096 (4.6%) 0.74 1,084
2022-07-01 $320,000 (7.4%) $431,264 (1.0%) 0.72 1,331
2022-08-01 $312,750 (4.9%) $426,982 (2.1%) 0.72 1,459
2022-09-01 $312,588 (8.3%) $428,098 (5.8%) 0.73 1,417
2022-10-01 $310,058 (5.1%) $429,499 (6.3%) 0.73 1,453
2022-11-01 $311,180 (5.7%) $432,575 (7.0%) 0.75 1,501
Corpus Christi's median listing price for 2022-11-01 was $311,180, a difference of $16,730 (5.7%) versus the prior year and $1,122 versus the prior month.

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

Corpus Christi's average listing price for 2022-11-01 was $432,575, a difference of $28,237 (7.0%) versus the prior year and $3,076 versus the prior month.

For the 2022-11-01 period, Corpus Christi had 1,501 MLS listings, a difference of 48 listings (3%) versus the prior month and 613 listings (69%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Corpus Christi (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 107 days 1,818 sqft
2018-02-01 98 days 1,823 sqft
2018-03-01 77 days 1,844 sqft
2018-04-01 71 days 1,857 sqft
2018-05-01 71 days 1,851 sqft
2018-06-01 68 days 1,857 sqft
2018-07-01 68 days 1,864 sqft
2018-08-01 71 days 1,874 sqft
2018-09-01 80 days 1,885 sqft
2018-10-01 84 days 1,890 sqft
2018-11-01 89 days 1,877 sqft
2018-12-01 95 days 1,850 sqft
2019-01-01 101 days 1,840 sqft
2019-02-01 93 days 1,815 sqft
2019-03-01 83 days 1,828 sqft
2019-04-01 78 days 1,848 sqft
2019-05-01 79 days 1,846 sqft
2019-06-01 80 days 1,850 sqft
2019-07-01 80 days 1,844 sqft
2019-08-01 83 days 1,853 sqft
2019-09-01 85 days 1,863 sqft
2019-10-01 87 days 1,870 sqft
2019-11-01 96 days 1,850 sqft
2019-12-01 106 days 1,835 sqft
2020-01-01 101 days 1,825 sqft
2020-02-01 97 days 1,814 sqft
2020-03-01 77 days 1,832 sqft
2020-04-01 81 days 1,798 sqft
2020-05-01 94 days 1,845 sqft
2020-06-01 97 days 1,856 sqft
2020-07-01 84 days 1,877 sqft
2020-08-01 86 days 1,877 sqft
2020-09-01 85 days 1,869 sqft
2020-10-01 78 days 1,876 sqft
2020-11-01 78 days 1,805 sqft
2020-12-01 88 days 1,814 sqft
2021-01-01 96 days 1,781 sqft
2021-02-01 75 days 1,800 sqft
2021-03-01 78 days 1,775 sqft
2021-04-01 64 days 1,729 sqft
2021-05-01 56 days 1,786 sqft
2021-06-01 57 days 1,764 sqft
2021-07-01 49 days 1,789 sqft
2021-08-01 53 days 1,762 sqft
2021-09-01 56 days 1,740 sqft
2021-10-01 59 days 1,740 sqft
2021-11-01 62 days 1,744 sqft
2021-12-01 58 days 1,736 sqft
2022-01-01 66 days 1,736 sqft
2022-02-01 58 days 1,764 sqft
2022-03-01 49 days 1,759 sqft
2022-04-01 40 days 1,754 sqft
2022-05-01 39 days 1,781 sqft
2022-06-01 42 days 1,756 sqft
2022-07-01 45 days 1,750 sqft
2022-08-01 52 days 1,702 sqft
2022-09-01 64 days 1,682 sqft
2022-10-01 71 days 1,720 sqft
2022-11-01 79 days 1,735 sqft
Corpus Christi's median listing age (time on market) for 2022-11-01 was 79 days. This is 27% longer than the same period one year ago.

Corpus Christi's median square footage for active listings during the 2022-11-01 period was 1,735 sqft. One year prior, the average listing was 1,744 sqft.