Dallas USDA Loan Rates, Closing Costs & Stats

Dallas-Fort Worth-Arlington, TX

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    • 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.

    Dallas's 35 lenders originated 113 USDA loans during 2023. The total origination value was $30,015,000, with an average USDA loan value of $265,619.

    Dallas USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Dallas averaged 6.46% for the week of 2024-11-08, compared to the national average (all USDA variants) of 6.477% for the same period.

    Dallas's average USDA mortgage closing costs are $6,992.

    The average rate for the prior week (2024-11-01) was 6.13% and one month ago for the week of 2024-10-04, the average rate was 5.85%.

    The average rate one year ago was 7.09%.

    For refis of the same type during the week of 2024-11-08, the average rate was 6.62%.

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

    Dallas 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 Dallas level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    EAGLE HOME MORTGAGE, LLC 17 4.89% $6,996
    DHI MORTGAGE COMPANY, LTD. 14 5.08% $8,031
    CARDINAL FINANCIAL 8 6.61% $11,414
    GUILD MORTGAGE COMPANY 6 6.56% $7,551
    EVERETT FINANCIAL, INC. 6 6.44% $11,586
    Republic State Mortgage Co. 5 5.80% $7,876
    UNITED WHOLESALE MORTGAGE, LLC 4 6.41% $10,125
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 4 6.75% $9,956
    Nations Lending Corporation 4 6.69% $4,728
    UNION HOME MORTGAGE CORP. 4 6.38% $13,090
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 3 6.25% $8,628
    SFMC, LP 3 6.16% $15,725
    Equity Prime Mortgage LLC 3 6.83% $8,500
    AMERICAN FINANCIAL RESOURCES, INC. 2 7.13% $7,676
    Town Square Mortgage & Investments, Inc. 2 6.88% $7,234
    LOANDEPOT.COM, LLC 2 6.63% $6,417
    PLAZA HOME MORTGAGE, INC. 2 5.50% $8,289
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 2 5.56% $11,216
    SUMMIT FUNDING, INC. 2 6.75% $10,722
    Paramount Residential Mortgage Group, Inc. 1 6.75% $6,674
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 7.25% $9,159
    SECURITYNATIONAL MORTGAGE COMPANY 1 6.63% $12,524
    THE MORTGAGE LINK, INC. 1 6.13% $13,354
    CMG MORTGAGE, INC. 1 5.75% $7,870
    CROSSCOUNTRY MORTGAGE, LLC 1 6.50% $13,170
    Bank of England 1 5.75% $16,251
    CALCON MUTUAL MORTGAGE LLC 1 5.63% $19,395
    Bank of Colorado 1 5.63% $9,471
    First Financial Bank 1 6.38% $6,953
    First State Bank 1 7.63% $9,473
    Flagstar Bank, FSB 1 6.50% $4,121
    HOMEBRIDGE FINANCIAL SERVICES, INC. 1 6.13% $9,061
    Loan Simple, Inc. 1 7.13% $15,088
    MORTGAGE FINANCIAL SERVICES, LLC 1 7.00% $8,983
    OPEN MORTGAGE, LLC 1 5.75% $11,400

    The top Dallas USDA lender as defined by loan originations is EAGLE HOME MORTGAGE, LLC, with 17 USDA loans originated. Their average total fees are $6,996, which is $1,035 lower than the next largest lender, DHI MORTGAGE COMPANY, LTD..

    The lowest fee Dallas USDA lenders (with over 10 loans originated) are EAGLE HOME MORTGAGE, LLC ($6,996), DHI MORTGAGE COMPANY, LTD. ($8,031), .

    The lowest rate Dallas USDA lenders (with over 10 loans originated) are EAGLE HOME MORTGAGE, LLC (4.89%), DHI MORTGAGE COMPANY, LTD. (5.08%), .