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 6.28% for the week of 2024-12-13, compared to the national average (all USDA variants) of 6.303% for the same period.

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

    The average rate for the prior week (2024-12-06) was 6.32% and one month ago for the week of 2024-11-08, the average rate was 6.13%.

    The average rate one year ago was 6.7%.

    For refis of the same type during the week of 2024-12-13, the average rate was 6.35%.

    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%), .

    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%) $496,904 (-2.5%) 1.32 14,301
    2018-02-01 $369,450 (0.7%) $519,993 (-0.8%) 1.34 14,288
    2018-03-01 $374,305 (0.0%) $528,387 (-2.6%) 1.31 15,267
    2018-04-01 $378,710 (-0.3%) $537,081 (-3.0%) 1.28 16,626
    2018-05-01 $384,950 (0.8%) $543,282 (-1.7%) 1.29 18,219
    2018-06-01 $374,900 (0.0%) $525,289 (-2.9%) 1.25 20,149
    2018-07-01 $366,000 (-0.8%) $511,318 (-2.3%) 1.22 22,047
    2018-08-01 $350,000 (-2.0%) $486,635 (-2.3%) 1.17 22,540
    2018-09-01 $347,397 (-0.7%) $483,071 (-2.8%) 1.17 22,642
    2018-10-01 $345,000 (-1.6%) $482,658 (-3.3%) 1.17 22,803
    2018-11-01 $344,900 (-1.5%) $482,839 (-2.9%) 1.17 22,367
    2018-12-01 $339,990 (-2.9%) $476,952 (-3.4%) 1.17 20,538
    2019-01-01 $339,945 (-4.2%) $472,167 (-5.0%) 1.17 18,995
    2019-02-01 $347,465 (-6.0%) $486,417 (-6.5%) 1.17 19,529
    2019-03-01 $353,714 (-5.5%) $497,772 (-5.8%) 1.16 20,203
    2019-04-01 $360,000 (-4.9%) $508,852 (-5.3%) 1.14 21,048
    2019-05-01 $364,445 (-5.3%) $508,259 (-6.5%) 1.14 22,291
    2019-06-01 $359,100 (-4.2%) $503,340 (-4.2%) 1.12 23,919
    2019-07-01 $355,098 (-3.0%) $493,719 (-3.4%) 1.11 24,731
    2019-08-01 $347,947 (-0.6%) $481,664 (-1.0%) 1.10 24,705
    2019-09-01 $344,883 (-0.7%) $477,984 (-1.1%) 1.10 24,316
    2019-10-01 $344,050 (-0.3%) $477,293 (-1.1%) 1.11 23,804
    2019-11-01 $342,900 (-0.6%) $476,284 (-1.4%) 1.12 22,135
    2019-12-01 $337,615 (-0.7%) $469,771 (-1.5%) 1.13 19,621
    2020-01-01 $336,250 (-1.1%) $466,527 (-1.2%) 1.12 17,942
    2020-02-01 $340,000 (-2.2%) $475,030 (-2.3%) 1.11 17,632
    2020-03-01 $329,192 (-6.9%) $449,529 (-9.7%) 1.03 19,660
    2020-04-01 $339,996 (-5.6%) $471,211 (-7.4%) 1.07 18,611
    2020-05-01 $350,000 (-4.0%) $497,405 (-2.1%) 1.06 18,799
    2020-06-01 $359,000 (0.0%) $514,872 (2.3%) 1.06 16,969
    2020-07-01 $360,000 (1.4%) $523,192 (6.0%) 1.04 15,859
    2020-08-01 $360,870 (3.7%) $531,280 (10.3%) 1.03 14,745
    2020-09-01 $361,750 (4.9%) $543,107 (13.6%) 1.04 13,601
    2020-10-01 $359,000 (4.4%) $550,472 (15.3%) 1.03 12,714
    2020-11-01 $362,165 (5.6%) $560,558 (17.7%) 1.06 11,167
    2020-12-01 $358,000 (6.0%) $559,676 (19.1%) 1.06 9,408
    2021-01-01 $350,000 (4.1%) $552,634 (18.5%) 1.04 8,066
    2021-02-01 $359,700 (5.8%) $578,108 (21.7%) 1.05 6,214
    2021-03-01 $366,385 (11.3%) $579,035 (28.8%) 1.04 5,817
    2021-04-01 $375,000 (10.3%) $594,847 (26.2%) 1.02 5,689
    2021-05-01 $381,323 (9.0%) $583,848 (17.4%) 1.01 6,008
    2021-06-01 $389,945 (8.6%) $590,976 (14.8%) 1.03 6,941
    2021-07-01 $397,630 (10.5%) $576,364 (10.2%) 1.05 8,383
    2021-08-01 $399,000 (10.6%) $566,105 (6.6%) 1.06 9,243
    2021-09-01 $398,985 (10.3%) $563,234 (3.7%) 1.06 8,912
    2021-10-01 $399,000 (11.1%) $574,976 (4.5%) 1.06 8,276
    2021-11-01 $400,000 (10.5%) $583,690 (4.1%) 1.07 7,342
    2021-12-01 $400,000 (11.7%) $584,070 (4.4%) 1.08 6,253
    2022-01-01 $403,950 (15.4%) $596,816 (8.0%) 1.09 4,891
    2022-02-01 $412,000 (14.5%) $640,183 (10.7%) 1.07 4,136
    2022-03-01 $425,000 (16.0%) $656,912 (13.5%) 1.06 4,547
    2022-04-01 $441,610 (17.8%) $672,903 (13.1%) 1.05 5,419
    2022-05-01 $476,036 (24.8%) $677,952 (16.1%) 1.09 8,069
    2022-06-01 $490,885 (25.9%) $672,716 (13.8%) 1.09 11,259
    2022-07-01 $481,000 (21.0%) $644,734 (11.9%) 1.08 14,820
    2022-08-01 $462,652 (16.0%) $617,914 (9.2%) 1.07 16,502
    2022-09-01 $454,000 (13.8%) $611,067 (8.5%) 1.06 16,480
    2022-10-01 $450,000 (12.8%) $612,501 (6.5%) 1.06 17,442
    2022-11-01 $448,352 (12.1%) $609,451 (4.4%) 1.08 17,849
    2022-12-01 $439,000 (9.8%) $598,252 (2.4%) 1.08 16,308
    2023-01-01 $434,200 (7.5%) $590,172 (-1.1%) 1.08 14,659
    2023-02-01 $435,000 (5.6%) $598,109 (-6.6%) 1.05 12,773
    2023-03-01 $442,152 (4.0%) $618,595 (-5.8%) 1.04 12,392
    2023-04-01 $459,900 (4.1%) $648,823 (-3.6%) 1.07 12,525
    2023-05-01 $469,435 (-1.4%) $667,570 (-1.5%) 1.06 13,164
    2023-06-01 $472,995 (-3.6%) $671,620 (-0.2%) 1.06 14,680
    2023-07-01 $470,000 (-2.3%) $665,947 (3.3%) 1.07 16,135
    2023-08-01 $464,995 (0.5%) $651,162 (5.4%) 1.07 16,918
    2023-09-01 $450,000 (-0.9%) $644,189 (5.4%) 1.05 17,256
    2023-10-01 $449,000 (-0.2%) $647,703 (5.8%) 1.06 18,595
    2023-11-01 $445,000 (-0.8%) $637,656 (4.6%) 1.06 18,920
    2023-12-01 $435,000 (-0.9%) $628,443 (5.1%) 1.06 17,347
    2024-01-01 $431,088 (-0.7%) $612,134 (3.7%) 1.05 15,777
    2024-02-01 $435,000 (0.0%) $618,378 (3.4%) 1.05 16,012
    2024-03-01 $439,990 (-0.5%) $629,056 (1.7%) 1.04 17,096
    2024-04-01 $449,900 (-2.2%) $648,295 (-0.1%) 1.05 18,531
    2024-05-01 $459,450 (-2.1%) $666,165 (-0.2%) 1.04 20,080
    2024-06-01 $459,000 (-3.0%) $667,308 (-0.6%) 1.03 22,364
    2024-07-01 $450,000 (-4.3%) $640,443 (-3.8%) 1.03 24,435
    2024-08-01 $444,990 (-4.3%) $623,712 (-4.2%) 1.03 25,481
    2024-09-01 $439,450 (-2.3%) $617,364 (-4.2%) 1.03 25,769
    2024-10-01 $434,500 (-3.2%) $614,240 (-5.2%) 1.02 25,908
    2024-11-01 $428,000 (-3.8%) $610,033 (-4.3%) 1.03 25,494
    Dallas's median listing price for 2024-11-01 was $428,000, a difference of $-17,000 (-3.8%) versus the prior year and $-6,500 versus the prior month.

    Dallas's median listing price comes in at 103% of the national average.

    Dallas's average listing price for 2024-11-01 was $610,033, a difference of $-27,623 (-4.3%) versus the prior year and $-4,207 versus the prior month.

    For the 2024-11-01 period, Dallas had 25,494 MLS listings, a difference of -414 listings (-2%) versus the prior month and 6,574 listings (35%) 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 2,635 sqft
    2018-03-01 43 days 2,644 sqft
    2018-04-01 39 days 2,676 sqft
    2018-05-01 37 days 2,721 sqft
    2018-06-01 39 days 2,673 sqft
    2018-07-01 40 days 2,627 sqft
    2018-08-01 47 days 2,551 sqft
    2018-09-01 52 days 2,516 sqft
    2018-10-01 56 days 2,499 sqft
    2018-11-01 59 days 2,469 sqft
    2018-12-01 65 days 2,437 sqft
    2019-01-01 67 days 2,415 sqft
    2019-02-01 57 days 2,439 sqft
    2019-03-01 46 days 2,474 sqft
    2019-04-01 44 days 2,507 sqft
    2019-05-01 44 days 2,521 sqft
    2019-06-01 47 days 2,515 sqft
    2019-07-01 49 days 2,491 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 2,351 sqft
    2020-01-01 66 days 2,328 sqft
    2020-02-01 50 days 2,337 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 2,297 sqft
    2020-11-01 48 days 2,255 sqft
    2020-12-01 52 days 2,206 sqft
    2021-01-01 49 days 2,162 sqft
    2021-02-01 39 days 2,157 sqft
    2021-03-01 38 days 2,156 sqft
    2021-04-01 29 days 2,151 sqft
    2021-05-01 29 days 2,174 sqft
    2021-06-01 28 days 2,175 sqft
    2021-07-01 27 days 2,174 sqft
    2021-08-01 31 days 2,179 sqft
    2021-09-01 36 days 2,168 sqft
    2021-10-01 36 days 2,154 sqft
    2021-11-01 38 days 2,153 sqft
    2021-12-01 42 days 2,148 sqft
    2022-01-01 40 days 2,124 sqft
    2022-02-01 32 days 2,106 sqft
    2022-03-01 24 days 2,116 sqft
    2022-04-01 23 days 2,153 sqft
    2022-05-01 21 days 2,249 sqft
    2022-06-01 22 days 2,304 sqft
    2022-07-01 29 days 2,295 sqft
    2022-08-01 35 days 2,262 sqft
    2022-09-01 43 days 2,249 sqft
    2022-10-01 44 days 2,248 sqft
    2022-11-01 49 days 2,242 sqft
    2022-12-01 59 days 2,216 sqft
    2023-01-01 64 days 2,190 sqft
    2023-02-01 59 days 2,192 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
    2023-06-01 36 days 2,322 sqft
    2023-07-01 37 days 2,318 sqft
    2023-08-01 42 days 2,296 sqft
    2023-09-01 44 days 2,249 sqft
    2023-10-01 46 days 2,227 sqft
    2023-11-01 50 days 2,211 sqft
    2023-12-01 58 days 2,187 sqft
    2024-01-01 63 days 2,165 sqft
    2024-02-01 48 days 2,159 sqft
    2024-03-01 40 days 2,178 sqft
    2024-04-01 40 days 2,201 sqft
    2024-05-01 37 days 2,240 sqft
    2024-06-01 41 days 2,245 sqft
    2024-07-01 44 days 2,224 sqft
    2024-08-01 49 days 2,200 sqft
    2024-09-01 53 days 2,188 sqft
    2024-10-01 56 days 2,167 sqft
    2024-11-01 58 days 2,141 sqft
    Dallas's median listing age (time on market) for 2024-11-01 was 58 days. This is 17% longer than the same period one year ago.

    Dallas's median square footage for active listings during the 2024-11-01 period was 2,141 sqft. One year prior, the average listing was 2,211 sqft.