Dallas USDA Loan Rates, Closing Costs & Stats

Dallas-Fort Worth-Arlington, 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.

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 6.73% for the week of 2024-05-17, compared to the national average (all USDA variants) of 6.75% for the same period.

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

The average rate for the prior week (2024-05-10) was 6.37% and one month ago for the week of 2024-04-12, the average rate was 6.29%.

The average rate one year ago was 6.17%.

For refis of the same type during the week of 2024-05-17, the average rate was 6.89%.

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
Dallas's median listing price for 2024-04-01 was $449,900, a difference of $-10,000 (-2.2%) versus the prior year and $9,910 versus the prior month.

Dallas's median listing price comes in at 105% of the national average.

Dallas's average listing price for 2024-04-01 was $648,295, a difference of $-528 (-0.1%) versus the prior year and $19,239 versus the prior month.

For the 2024-04-01 period, Dallas had 18,531 MLS listings, a difference of 1,435 listings (8%) versus the prior month and 6,006 listings (48%) 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
Dallas's median listing age (time on market) for 2024-04-01 was 40 days. This is 3% longer than the same period one year ago.

Dallas's median square footage for active listings during the 2024-04-01 period was 2,201 sqft. One year prior, the average listing was 2,272 sqft.