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 101 lenders originated 764 USDA loans during 2021. The total origination value was $189,780,000, with an average USDA loan value of $248,403.

Dallas USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Dallas averaged 0.26% for the week of 2022-11-25, compared to the national average (all USDA variants) of 0% for the same period.

Dallas's average USDA mortgage closing costs are $6,744.

The average rate for the prior week (2022-11-18) was 6.61% and one month ago for the week of 2022-10-21, the average rate was 6.92%.

The average rate one year ago was 3.16%.

For refis of the same type during the week of 2022-11-25, the average rate was -0.1%.

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 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
DHI MORTGAGE COMPANY, LTD. 182 2.71% $6,097
LOANDEPOT.COM, LLC 66 3.07% $7,169
EAGLE HOME MORTGAGE, LLC 36 3.21% $6,486
SFMC, LP 26 2.95% $9,248
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 22 3.18% $8,517
Paramount Residential Mortgage Group, Inc. 22 3.06% $9,879
PULTE MORTGAGE LLC 19 3.07% $3,823
Republic State Mortgage Co. 18 3.03% $7,778
AMCAP MORTGAGE, LTD. 16 3.14% $10,810
DAS Acquisition Company, LLC 15 3.11% $11,146
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 15 3.13% $8,092
MORTGAGE FINANCIAL SERVICES, LLC 13 2.89% $7,223
CORNERSTONE HOME LENDING, INC. 12 3.17% $10,238
ARK-LA-TEX FINANCIAL SERVICES, LLC. 11 2.97% $4,194
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 10 2.81% $8,967
CALIBER HOME LOANS, INC. 10 2.79% $7,364
GUARANTEED RATE, INC. 9 2.96% $8,155
GUILD MORTGAGE COMPANY 9 3.21% $7,805
OPEN MORTGAGE, LLC 9 2.92% $8,034
CALCON MUTUAL MORTGAGE LLC 8 3.31% $7,629
PENNYMAC LOAN SERVICES, LLC 8 2.73% $7,721
SECURITYNATIONAL MORTGAGE COMPANY 7 3.02% $8,963
THRIVE MORTGAGE, LLC 6 2.83% $8,951
NATIONS RELIABLE LENDING, LLC 6 3.00% $9,409
First Guaranty Mortgage Corporation 6 3.13% $8,193
ANGEL OAK HOME LOANS LLC 6 2.94% $8,257
MID AMERICA MORTGAGE, INC. 6 3.33% $6,514
Town Square Mortgage & Investments, Inc. 6 3.02% $6,690
HOMESIDE FINANCIAL, LLC 5 2.93% $7,292
Trinity Oaks Mortgage, LLC 5 2.95% $8,416
Colten Mortgage, LLC 5 2.58% $4,793
WILLOW BEND MORTGAGE COMPANY, LLC 5 2.75% $7,468
MOVEMENT MORTGAGE, LLC 5 3.13% $5,850
LEADERONE FINANCIAL CORPORATION 5 3.03% $5,753
Independent Bank 5 2.98% $8,064
PRIMARY RESIDENTIAL MORTGAGE, INC. 4 2.97% $8,133
CROSSCOUNTRY MORTGAGE, LLC 4 2.81% $6,317
EUSTIS AND AMERICAN MORTGAGE COMPANY 4 3.09% $7,581
Flagstar Bank, FSB 4 2.72% $6,454
Gateway First Bank 4 2.97% $6,737
HOME POINT FINANCIAL CORPORATION 4 2.97% $7,798
LAKEVIEW LOAN SERVICING, LLC 4 3.10% $3,606
PRIMELENDING, A PLAINSCAPITAL COMPANY 4 3.25% $9,011
Waterstone Mortgage Corporation 4 3.22% $6,923
First Bank 3 2.88% $8,367
PLAZA HOME MORTGAGE, INC. 3 2.75% $5,629
FINANCE OF AMERICA MORTGAGE LLC 3 2.83% $8,600
Carrington Mortgage Services, LLC 3 2.54% $5,826
EVERETT FINANCIAL, INC. 3 3.21% $7,174
Wallick & Volk, Inc. 3 3.13% $8,975
AMERICAN FINANCIAL NETWORK, INC. 3 3.13% $11,569
First United Bank and Trust Company 3 3.38% $6,408
HOMEBRIDGE FINANCIAL SERVICES, INC. 3 2.87% $9,295
S1L, Inc. 2 3.13% $6,476
Guaranty Bank & Trust, N.A. 2 2.75% $5,938
CMG MORTGAGE, INC. 2 2.75% $10,335
Sierra Pacific Mortgage Company, Inc. 2 2.63% $7,097
DRAPER AND KRAMER MORTGAGE CORP. 2 3.00% $8,934
STEARNS LENDING, LLC 2 3.00% $7,502
GMFS LLC 2 2.56% $8,572
T2 FINANCIAL LLC 2 3.38% $8,009
First State Bank 2 2.38% $6,686
Atlantic Home Loans, Inc. 2 2.81% $6,582
Assurance Financial Group, L.L.C. 2 2.69% $6,476
INTERLINC MORTGAGE SERVICES, LLC 2 3.06% $6,544
First Bank & Trust 2 2.50% $6,882
CHURCHILL MORTGAGE CORPORATION 2 2.75% $7,330
Wells Fargo Bank 2 2.56% $5,506
CHERRY CREEK MORTGAGE, LLC 2 2.56% $3,080
COUNTRYPLACE MORTGAGE, LTD. 2 3.25% $17,272
KBHS HOME LOANS, LLC 2 2.94% $7,567
UNITED WHOLESALE MORTGAGE, LLC 2 2.66% $11,091
Happy State Bank 1 2.50% $7,442
FLAT BRANCH MORTGAGE, INC. 1 2.63% $13,768
HOMETRUST MORTGAGE COMPANY 1 3.13% $7,169
First Financial Bank 1 2.50% $7,198
KELLER MORTGAGE, LLC 1 2.25% $5,806
FIRST CENTENNIAL MORTGAGE CORPORATION 1 2.88% $7,671
Loan Simple, Inc. 1 2.75% $8,488
METROPLEX MORTGAGE SERVICES, INC. 1 2.50% $3,235
M/I FINANCIAL, LLC 1 2.75% $10,824
MOUNTAIN WEST FINANCIAL, INC. 1 2.63% $6,259
Nations Lending Corporation 1 3.25% $4,512
Network Funding, L.P. 1 2.75% $10,034
NEWREZ LLC 1 2.38% $7,627
Northpointe Bank 1 2.75% $10,288
Origin Bank 1 2.50% $7,868
City Bank 1 2.88% $5,860
PILGRIM MORTGAGE LLC 1 2.63% $7,361
PLANET HOME LENDING, LLC 1 2.88% $8,770
RANLIFE, INC. 1 2.75% $6,928
RELIANCE FIRST CAPITAL, LLC 1 2.63% $4,130
BBVA USA 1 2.75% $8,447
BAY EQUITY LLC 1 2.99% $6,995
SOUTHWEST FUNDING, LP 1 2.88% $9,013
SWBC MORTGAGE CORPORATION 1 3.25% $8,119
Bank of England 1 2.88% $9,201
Truist 1 3.00% $8,479
UMB Bank 1 2.75% $7,056
VAN DYK MORTGAGE CORPORATION 1 2.25% $4,413
GREAT WESTERN FINANCIAL SERVICES, INC. 1 2.75% $6,829

The top Dallas USDA lender as defined by loan originations is DHI MORTGAGE COMPANY, LTD., with 182 USDA loans originated. Their average total fees are $6,097, which is $1,072 lower than the next largest lender, LOANDEPOT.COM, LLC.

The lowest fee Dallas USDA lenders (with over 10 loans originated) are PULTE MORTGAGE LLC ($3,823), ARK-LA-TEX FINANCIAL SERVICES, LLC. ($4,194), DHI MORTGAGE COMPANY, LTD. ($6,097), EAGLE HOME MORTGAGE, LLC ($6,486) and LOANDEPOT.COM, LLC ($7,169).

The lowest rate Dallas USDA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (2.71%), CALIBER HOME LOANS, INC. (2.79%), HIGHLANDS RESIDENTIAL MORTGAGE, LTD. (2.81%), MORTGAGE FINANCIAL SERVICES, LLC (2.89%) and SFMC, LP (2.95%).


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%) $496,746 (-2.5%) 1.32 14,318
2018-02-01 $369,450 (0.7%) $519,814 (-0.8%) 1.34 14,307
2018-03-01 $374,305 (0.1%) $528,291 (-2.6%) 1.31 15,284
2018-04-01 $378,710 (-0.3%) $537,013 (-3.0%) 1.28 16,643
2018-05-01 $384,950 (0.8%) $543,144 (-1.7%) 1.29 18,235
2018-06-01 $374,900 (0.0%) $525,180 (-2.8%) 1.25 20,163
2018-07-01 $366,000 (-0.7%) $511,275 (-2.3%) 1.22 22,058
2018-08-01 $350,000 (-2.0%) $486,549 (-2.3%) 1.17 22,553
2018-09-01 $347,062 (-0.8%) $482,970 (-2.8%) 1.16 22,654
2018-10-01 $345,000 (-1.6%) $482,489 (-3.3%) 1.17 22,822
2018-11-01 $344,877 (-1.5%) $482,674 (-2.9%) 1.17 22,382
2018-12-01 $339,975 (-2.9%) $476,763 (-3.4%) 1.17 20,553
2019-01-01 $339,945 (-4.2%) $472,011 (-5.0%) 1.17 19,008
2019-02-01 $347,450 (-6.0%) $486,359 (-6.4%) 1.17 19,533
2019-03-01 $353,714 (-5.5%) $497,747 (-5.8%) 1.16 20,213
2019-04-01 $360,000 (-4.9%) $508,634 (-5.3%) 1.14 21,067
2019-05-01 $364,369 (-5.4%) $507,995 (-6.5%) 1.14 22,317
2019-06-01 $359,122 (-4.2%) $503,320 (-4.2%) 1.12 23,946
2019-07-01 $355,098 (-3.0%) $493,643 (-3.5%) 1.11 24,770
2019-08-01 $347,920 (-0.6%) $481,561 (-1.0%) 1.10 24,745
2019-09-01 $344,815 (-0.7%) $477,857 (-1.1%) 1.10 24,358
2019-10-01 $343,995 (-0.3%) $477,141 (-1.1%) 1.11 23,848
2019-11-01 $342,900 (-0.6%) $476,134 (-1.4%) 1.12 22,184
2019-12-01 $337,450 (-0.7%) $469,546 (-1.5%) 1.13 19,666
2020-01-01 $335,976 (-1.2%) $466,282 (-1.2%) 1.12 17,984
2020-02-01 $340,000 (-2.1%) $474,764 (-2.4%) 1.11 17,682
2020-03-01 $329,000 (-7.0%) $449,455 (-9.7%) 1.03 19,708
2020-04-01 $339,995 (-5.6%) $471,078 (-7.4%) 1.06 18,657
2020-05-01 $350,000 (-3.9%) $497,338 (-2.1%) 1.06 18,844
2020-06-01 $359,000 (0.0%) $514,755 (2.3%) 1.06 17,019
2020-07-01 $360,000 (1.4%) $523,070 (6.0%) 1.04 15,906
2020-08-01 $360,000 (3.5%) $531,235 (10.3%) 1.03 14,784
2020-09-01 $361,500 (4.8%) $542,635 (13.6%) 1.04 13,643
2020-10-01 $359,000 (4.4%) $549,365 (15.1%) 1.03 12,784
2020-11-01 $361,450 (5.4%) $559,347 (17.5%) 1.06 11,232
2020-12-01 $357,253 (5.9%) $558,350 (18.9%) 1.06 9,471
2021-01-01 $350,000 (4.2%) $551,280 (18.2%) 1.04 8,130
2021-02-01 $359,450 (5.7%) $577,093 (21.6%) 1.05 6,281
2021-03-01 $363,720 (10.6%) $576,970 (28.4%) 1.03 5,884
2021-04-01 $375,000 (10.3%) $592,924 (25.9%) 1.02 5,747
2021-05-01 $380,000 (8.6%) $581,663 (17.0%) 1.01 6,070
2021-06-01 $389,500 (8.5%) $589,117 (14.5%) 1.03 7,003
2021-07-01 $395,000 (9.7%) $575,238 (10.0%) 1.04 8,444
2021-08-01 $399,000 (10.8%) $564,873 (6.3%) 1.06 9,295
2021-09-01 $398,165 (10.1%) $562,278 (3.6%) 1.06 8,971
2021-10-01 $399,000 (11.1%) $574,793 (4.6%) 1.06 8,312
2021-11-01 $400,000 (10.7%) $583,136 (4.3%) 1.07 7,393
2021-12-01 $400,000 (12.0%) $583,580 (4.5%) 1.08 6,299
2022-01-01 $400,000 (14.3%) $596,340 (8.2%) 1.08 4,936
2022-02-01 $410,875 (14.3%) $638,970 (10.7%) 1.07 4,181
2022-03-01 $425,000 (16.9%) $655,963 (13.7%) 1.06 4,589
2022-04-01 $440,000 (17.3%) $672,380 (13.4%) 1.05 5,456
2022-05-01 $474,631 (24.9%) $677,663 (16.5%) 1.09 8,106
2022-06-01 $488,781 (25.5%) $672,336 (14.1%) 1.09 11,301
2022-07-01 $479,900 (21.5%) $643,776 (11.9%) 1.09 14,862
2022-08-01 $462,500 (15.9%) $617,745 (9.4%) 1.07 16,553
2022-09-01 $453,530 (13.9%) $611,104 (8.7%) 1.06 16,528
2022-10-01 $449,999 (12.8%) $612,370 (6.5%) 1.06 17,494
Dallas's median listing price for 2022-10-01 was $449,999, a difference of $50,999 (12.8%) versus the prior year and $-3,531 versus the prior month.

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

Dallas's average listing price for 2022-10-01 was $612,370, a difference of $37,577 (6.5%) versus the prior year and $1,266 versus the prior month.

For the 2022-10-01 period, Dallas had 17,494 MLS listings, a difference of 966 listings (6%) versus the prior month and 9,182 listings (110%) 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 65 days 2,590 sqft
2018-02-01 51 days 2,634 sqft
2018-03-01 43 days 2,643 sqft
2018-04-01 40 days 2,675 sqft
2018-05-01 37 days 2,721 sqft
2018-06-01 39 days 2,672 sqft
2018-07-01 41 days 2,627 sqft
2018-08-01 48 days 2,551 sqft
2018-09-01 53 days 2,515 sqft
2018-10-01 57 days 2,498 sqft
2018-11-01 60 days 2,469 sqft
2018-12-01 67 days 2,437 sqft
2019-01-01 69 days 2,414 sqft
2019-02-01 58 days 2,438 sqft
2019-03-01 47 days 2,474 sqft
2019-04-01 45 days 2,507 sqft
2019-05-01 45 days 2,521 sqft
2019-06-01 48 days 2,515 sqft
2019-07-01 50 days 2,490 sqft
2019-08-01 52 days 2,439 sqft
2019-09-01 54 days 2,416 sqft
2019-10-01 57 days 2,404 sqft
2019-11-01 59 days 2,397 sqft
2019-12-01 66 days 2,350 sqft
2020-01-01 68 days 2,327 sqft
2020-02-01 54 days 2,336 sqft
2020-03-01 44 days 2,305 sqft
2020-04-01 51 days 2,328 sqft
2020-05-01 53 days 2,392 sqft
2020-06-01 47 days 2,403 sqft
2020-07-01 46 days 2,396 sqft
2020-08-01 45 days 2,368 sqft
2020-09-01 46 days 2,319 sqft
2020-10-01 47 days 2,294 sqft
2020-11-01 49 days 2,253 sqft
2020-12-01 53 days 2,201 sqft
2021-01-01 52 days 2,154 sqft
2021-02-01 42 days 2,149 sqft
2021-03-01 39 days 2,152 sqft
2021-04-01 30 days 2,147 sqft
2021-05-01 30 days 2,170 sqft
2021-06-01 29 days 2,172 sqft
2021-07-01 28 days 2,172 sqft
2021-08-01 31 days 2,176 sqft
2021-09-01 36 days 2,166 sqft
2021-10-01 37 days 2,153 sqft
2021-11-01 39 days 2,152 sqft
2021-12-01 43 days 2,147 sqft
2022-01-01 41 days 2,121 sqft
2022-02-01 32 days 2,105 sqft
2022-03-01 25 days 2,117 sqft
2022-04-01 23 days 2,153 sqft
2022-05-01 22 days 2,249 sqft
2022-06-01 22 days 2,304 sqft
2022-07-01 29 days 2,286 sqft
2022-08-01 35 days 2,261 sqft
2022-09-01 43 days 2,249 sqft
2022-10-01 45 days 2,246 sqft
Dallas's median listing age (time on market) for 2022-10-01 was 45 days. This is 22% longer than the same period one year ago.

Dallas's median square footage for active listings during the 2022-10-01 period was 2,246 sqft. One year prior, the average listing was 2,153 sqft.