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 60 lenders originated 175 USDA loans during 2022. The total origination value was $67,815,000, with an average USDA loan value of $387,514.

    Dallas USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Dallas averaged -0.15% for the week of 2023-06-02, compared to the national average (all USDA variants) of 0% for the same period.

    Dallas's average USDA mortgage closing costs are $6,901.

    The average rate for the prior week (2023-05-26) was 6.09% and one month ago for the week of 2023-04-28, the average rate was 6.17%.

    The average rate one year ago was 4.64%.

    For refis of the same type during the week of 2023-06-02, the average rate was -1.43%.

    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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    DHI MORTGAGE COMPANY, LTD. 32 3.85% $7,637
    UNITED WHOLESALE MORTGAGE, LLC 10 4.85% $11,329
    GUILD MORTGAGE COMPANY 9 5.03% $8,361
    EVERETT FINANCIAL, INC. 8 5.06% $7,033
    CARDINAL FINANCIAL 6 5.02% $11,184
    PLAZA HOME MORTGAGE, INC. 5 4.78% $13,706
    CROSSCOUNTRY MORTGAGE, LLC 5 5.63% $9,906
    Paramount Residential Mortgage Group, Inc. 5 4.48% $13,939
    PULTE MORTGAGE LLC 5 3.85% $5,055
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 5 3.83% $9,316
    EAGLE HOME MORTGAGE, LLC 4 4.19% $5,453
    Assurance Financial Group, L.L.C. 4 5.06% $8,470
    CMG MORTGAGE, INC. 4 3.72% $12,091
    PENNYMAC LOAN SERVICES, LLC 4 3.12% $5,841
    Flagstar Bank, FSB 3 4.11% $8,552
    DAS Acquisition Company, LLC 3 4.33% $16,052
    SFMC, LP 3 5.50% $11,734
    OPEN MORTGAGE, LLC 2 6.13% $10,703
    MORTGAGE FINANCIAL SERVICES, LLC 2 3.44% $5,483
    PLANET HOME LENDING, LLC 2 4.37% $9,622
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 4.87% $8,291
    Gateway First Bank 2 4.19% $7,581
    GUARANTY HOME MORTGAGE CORPORATION 2 5.63% $9,881
    CALIBER HOME LOANS, INC. 2 4.83% $9,614
    HOME POINT FINANCIAL CORPORATION 2 3.13% $7,080
    Network Funding, L.P. 1 5.25% $10,310
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 4.25% $10,601
    RANLIFE, INC. 1 5.25% $10,155
    SECURITYNATIONAL MORTGAGE COMPANY 1 4.13% $13,060
    SENTE MORTGAGE, INC. 1 6.38% $8,632
    SOUTHWEST FUNDING, LP 1 5.50% $12,645
    Town Square Mortgage & Investments, Inc. 1 5.63% $7,587
    Trinity Oaks Mortgage, LLC 1 3.63% $10,131
    UNIVERSITY Federal Credit Union 1 3.50% $8,039
    AMCAP MORTGAGE, LTD. 1 3.88% $9,023
    Waterstone Mortgage Corporation 1 4.50% $8,769
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 3.75% $8,400
    ANGEL OAK HOME LOANS LLC 1 2.63% $15,987
    CANOPY MORTGAGE, LLC 1 5.63% $12,772
    Century Mortgage Company DBA Century Lending Company 1 6.50% $10,655
    CHURCHILL MORTGAGE CORPORATION 1 5.13% $7,103
    CITY FIRST MORTGAGE SERVICES, L.L.C. 1 6.25% $11,040
    DELMAR FINANCIAL COMPANY 1 5.25% $7,339
    DRAPER AND KRAMER MORTGAGE CORP. 1 3.38% $6,412
    Equity Prime Mortgage LLC 1 6.63% $13,705
    First Bank 1 5.75% $7,090
    FIRST CENTENNIAL MORTGAGE CORPORATION 1 6.00% $7,477
    First Financial Bank 1 5.63% $6,124
    First Guaranty Mortgage Corporation 1 4.50% $11,931
    First State Bank 1 3.50% $7,607
    Florida Capital Bank 1 4.50% $8,505
    GUARANTEED RATE, INC. 1 4.25% $8,544
    Hometown Equity Mortgage, LLC 1 3.50% $5,808
    LHM FINANCIAL CORPORATION 1 4.00% $8,706
    LOANDEPOT.COM, LLC 1 4.25% $7,195
    METROPLEX MORTGAGE SERVICES, INC. 1 6.25% $8,119
    MID AMERICA MORTGAGE, INC. 1 4.13% $7,943
    Midwest Mortgage Associates Corporation 1 4.75% $7,667
    MORTGAGE SOLUTIONS OF COLORADO, LLC 1 3.75% $9,481
    Neighborhood Loans, Inc. 1 5.38% $19,933

    The top Dallas USDA lender as defined by loan originations is DHI MORTGAGE COMPANY, LTD., with 32 USDA loans originated. Their average total fees are $7,637, which is $3,692 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee Dallas USDA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. ($7,637), UNITED WHOLESALE MORTGAGE, LLC ($11,329), .

    The lowest rate Dallas USDA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (3.85%), UNITED WHOLESALE MORTGAGE, LLC (4.85%), .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Dallas (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 $354,950 (0.0%) $496,773 (-2.5%) 1.32 14,317
    2018-02-01 $369,450 (0.7%) $519,841 (-0.8%) 1.34 14,306
    2018-03-01 $374,279 (0.0%) $528,271 (-2.6%) 1.31 15,283
    2018-04-01 $378,710 (-0.3%) $537,030 (-3.0%) 1.28 16,642
    2018-05-01 $384,950 (0.8%) $543,163 (-1.7%) 1.29 18,234
    2018-06-01 $374,900 (0.0%) $525,196 (-2.9%) 1.25 20,162
    2018-07-01 $366,000 (-0.7%) $511,276 (-2.3%) 1.22 22,057
    2018-08-01 $350,000 (-2.0%) $486,556 (-2.3%) 1.17 22,552
    2018-09-01 $347,124 (-0.8%) $482,982 (-2.8%) 1.17 22,653
    2018-10-01 $345,000 (-1.6%) $482,496 (-3.3%) 1.17 22,820
    2018-11-01 $344,900 (-1.5%) $482,687 (-2.9%) 1.17 22,380
    2018-12-01 $339,990 (-2.9%) $476,790 (-3.4%) 1.17 20,551
    2019-01-01 $339,945 (-4.2%) $472,034 (-5.0%) 1.17 19,006
    2019-02-01 $347,450 (-6.0%) $486,361 (-6.4%) 1.17 19,532
    2019-03-01 $353,714 (-5.5%) $497,752 (-5.8%) 1.16 20,208
    2019-04-01 $360,000 (-4.9%) $508,687 (-5.3%) 1.14 21,056
    2019-05-01 $364,440 (-5.3%) $508,099 (-6.5%) 1.14 22,298
    2019-06-01 $359,085 (-4.2%) $503,330 (-4.2%) 1.12 23,926
    2019-07-01 $355,098 (-3.0%) $493,681 (-3.4%) 1.11 24,747
    2019-08-01 $347,924 (-0.6%) $481,621 (-1.0%) 1.10 24,720
    2019-09-01 $344,825 (-0.7%) $477,904 (-1.1%) 1.10 24,331
    2019-10-01 $344,002 (-0.3%) $477,189 (-1.1%) 1.11 23,820
    2019-11-01 $342,900 (-0.6%) $476,180 (-1.4%) 1.12 22,157
    2019-12-01 $337,495 (-0.7%) $469,599 (-1.5%) 1.13 19,639
    2020-01-01 $336,000 (-1.2%) $466,360 (-1.2%) 1.12 17,957
    2020-02-01 $340,000 (-2.1%) $474,889 (-2.4%) 1.11 17,651
    2020-03-01 $329,221 (-6.9%) $449,476 (-9.7%) 1.03 19,676
    2020-04-01 $339,996 (-5.6%) $471,118 (-7.4%) 1.07 18,627
    2020-05-01 $350,000 (-4.0%) $497,328 (-2.1%) 1.06 18,812
    2020-06-01 $359,000 (0.0%) $514,743 (2.3%) 1.06 16,987
    2020-07-01 $360,000 (1.4%) $523,066 (6.0%) 1.04 15,874
    2020-08-01 $360,000 (3.5%) $531,259 (10.3%) 1.03 14,754
    2020-09-01 $361,500 (4.8%) $542,661 (13.6%) 1.04 13,612
    2020-10-01 $359,000 (4.4%) $549,697 (15.2%) 1.03 12,753
    2020-11-01 $361,450 (5.4%) $559,759 (17.6%) 1.06 11,200
    2020-12-01 $357,430 (5.9%) $558,809 (19.0%) 1.06 9,439
    2021-01-01 $350,000 (4.2%) $551,662 (18.3%) 1.04 8,099
    2021-02-01 $359,450 (5.7%) $576,809 (21.5%) 1.05 6,251
    2021-03-01 $363,998 (10.6%) $577,637 (28.5%) 1.03 5,854
    2021-04-01 $375,000 (10.3%) $593,494 (26.0%) 1.02 5,720
    2021-05-01 $380,000 (8.6%) $582,529 (17.1%) 1.01 6,042
    2021-06-01 $389,900 (8.6%) $589,826 (14.6%) 1.03 6,976
    2021-07-01 $395,600 (9.9%) $575,387 (10.0%) 1.04 8,421
    2021-08-01 $399,000 (10.8%) $565,291 (6.4%) 1.06 9,275
    2021-09-01 $398,431 (10.2%) $562,490 (3.7%) 1.06 8,944
    2021-10-01 $399,000 (11.1%) $574,764 (4.6%) 1.06 8,284
    2021-11-01 $400,000 (10.7%) $583,175 (4.2%) 1.07 7,363
    2021-12-01 $400,000 (11.9%) $583,647 (4.4%) 1.08 6,269
    2022-01-01 $401,988 (14.9%) $596,448 (8.1%) 1.09 4,905
    2022-02-01 $412,000 (14.6%) $639,573 (10.9%) 1.07 4,149
    2022-03-01 $425,000 (16.8%) $656,642 (13.7%) 1.06 4,558
    2022-04-01 $441,320 (17.7%) $672,621 (13.3%) 1.05 5,427
    2022-05-01 $475,500 (25.1%) $677,523 (16.3%) 1.09 8,080
    2022-06-01 $490,233 (25.7%) $672,274 (14.0%) 1.09 11,276
    2022-07-01 $480,000 (21.3%) $644,455 (12.0%) 1.08 14,838
    2022-08-01 $462,500 (15.9%) $617,732 (9.3%) 1.07 16,529
    2022-09-01 $453,950 (13.9%) $610,801 (8.6%) 1.06 16,501
    2022-10-01 $449,999 (12.8%) $612,183 (6.5%) 1.06 17,465
    2022-11-01 $447,500 (11.9%) $609,026 (4.4%) 1.08 17,883
    2022-12-01 $438,959 (9.7%) $598,143 (2.5%) 1.08 16,322
    2023-01-01 $432,500 (7.6%) $589,915 (-1.1%) 1.07 14,677
    2023-02-01 $435,000 (5.6%) $597,856 (-6.5%) 1.05 12,789
    2023-03-01 $442,000 (4.0%) $618,429 (-5.8%) 1.04 12,401
    2023-04-01 $459,900 (4.2%) $648,815 (-3.5%) 1.07 12,533
    2023-05-01 $468,995 (-1.4%) $667,325 (-1.5%) 1.06 13,160
    Dallas's median listing price for 2023-05-01 was $468,995, a difference of $-6,505 (-1.4%) versus the prior year and $9,095 versus the prior month.

    Dallas's median listing price comes in at 106% of the national average.

    Dallas's average listing price for 2023-05-01 was $667,325, a difference of $-10,198 (-1.5%) versus the prior year and $18,510 versus the prior month.

    For the 2023-05-01 period, Dallas had 13,160 MLS listings, a difference of 627 listings (5%) versus the prior month and 5,080 listings (63%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Dallas (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 64 days 2,590 sqft
    2018-02-01 49 days 2,634 sqft
    2018-03-01 43 days 2,643 sqft
    2018-04-01 39 days 2,675 sqft
    2018-05-01 37 days 2,721 sqft
    2018-06-01 39 days 2,672 sqft
    2018-07-01 40 days 2,627 sqft
    2018-08-01 47 days 2,551 sqft
    2018-09-01 52 days 2,515 sqft
    2018-10-01 56 days 2,498 sqft
    2018-11-01 59 days 2,469 sqft
    2018-12-01 65 days 2,437 sqft
    2019-01-01 67 days 2,414 sqft
    2019-02-01 57 days 2,438 sqft
    2019-03-01 46 days 2,474 sqft
    2019-04-01 44 days 2,506 sqft
    2019-05-01 44 days 2,521 sqft
    2019-06-01 47 days 2,515 sqft
    2019-07-01 49 days 2,489 sqft
    2019-08-01 51 days 2,439 sqft
    2019-09-01 53 days 2,416 sqft
    2019-10-01 54 days 2,405 sqft
    2019-11-01 58 days 2,397 sqft
    2019-12-01 65 days 2,350 sqft
    2020-01-01 66 days 2,327 sqft
    2020-02-01 50 days 2,336 sqft
    2020-03-01 43 days 2,305 sqft
    2020-04-01 49 days 2,328 sqft
    2020-05-01 52 days 2,392 sqft
    2020-06-01 46 days 2,403 sqft
    2020-07-01 45 days 2,396 sqft
    2020-08-01 44 days 2,369 sqft
    2020-09-01 45 days 2,319 sqft
    2020-10-01 46 days 2,294 sqft
    2020-11-01 48 days 2,253 sqft
    2020-12-01 52 days 2,202 sqft
    2021-01-01 49 days 2,155 sqft
    2021-02-01 39 days 2,150 sqft
    2021-03-01 38 days 2,150 sqft
    2021-04-01 30 days 2,146 sqft
    2021-05-01 29 days 2,170 sqft
    2021-06-01 28 days 2,172 sqft
    2021-07-01 28 days 2,170 sqft
    2021-08-01 31 days 2,175 sqft
    2021-09-01 36 days 2,166 sqft
    2021-10-01 36 days 2,154 sqft
    2021-11-01 38 days 2,151 sqft
    2021-12-01 42 days 2,147 sqft
    2022-01-01 41 days 2,123 sqft
    2022-02-01 32 days 2,104 sqft
    2022-03-01 24 days 2,116 sqft
    2022-04-01 23 days 2,153 sqft
    2022-05-01 21 days 2,248 sqft
    2022-06-01 22 days 2,304 sqft
    2022-07-01 29 days 2,293 sqft
    2022-08-01 35 days 2,261 sqft
    2022-09-01 43 days 2,248 sqft
    2022-10-01 44 days 2,246 sqft
    2022-11-01 49 days 2,241 sqft
    2022-12-01 59 days 2,215 sqft
    2023-01-01 64 days 2,189 sqft
    2023-02-01 59 days 2,191 sqft
    2023-03-01 46 days 2,217 sqft
    2023-04-01 39 days 2,272 sqft
    2023-05-01 37 days 2,305 sqft
    Dallas's median listing age (time on market) for 2023-05-01 was 37 days. This is 74% longer than the same period one year ago.

    Dallas's median square footage for active listings during the 2023-05-01 period was 2,305 sqft. One year prior, the average listing was 2,248 sqft.