Dallas USDA Loans

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 5.26% for the week of 2022-08-05, compared to the national average (all USDA variants) of 5.294% for the same period.

The average rate for the prior week (2022-07-29) was 5.38% and one month ago for the week of 2022-07-01, the average rate was 5.41%.

The average rate one year ago was 3%.

For refis of the same type during the week of 2022-08-05, the average rate was 4.99%.

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 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. Total Fees
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 Bank 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 $351,878 (0.5%) $495,654 (-1.6%) 1.30 14,408
2018-02-01 $367,586 (1.5%) $519,017 (0.1%) 1.33 14,403
2018-03-01 $370,000 (0.1%) $526,908 (-1.7%) 1.28 15,331
2018-04-01 $376,369 (-0.7%) $536,251 (-2.1%) 1.26 16,677
2018-05-01 $384,950 (1.6%) $543,991 (-1.0%) 1.28 18,262
2018-06-01 $374,900 (0.0%) $525,365 (-2.4%) 1.25 20,224
2018-07-01 $366,250 (0.2%) $511,223 (-1.9%) 1.22 22,140
2018-08-01 $349,950 (-1.7%) $485,936 (-2.3%) 1.17 22,475
2018-09-01 $345,000 (-1.4%) $482,649 (-2.7%) 1.15 22,382
2018-10-01 $342,520 (-2.1%) $481,161 (-3.4%) 1.15 22,509
2018-11-01 $340,000 (-2.9%) $482,594 (-2.6%) 1.14 22,084
2018-12-01 $339,000 (-3.1%) $476,066 (-3.1%) 1.16 20,347
2019-01-01 $338,000 (-3.9%) $470,639 (-5.1%) 1.17 18,975
2019-02-01 $344,738 (-6.2%) $483,746 (-6.8%) 1.15 19,188
2019-03-01 $351,957 (-4.9%) $498,132 (-5.5%) 1.15 19,833
2019-04-01 $359,700 (-4.4%) $511,026 (-4.7%) 1.13 20,734
2019-05-01 $360,000 (-6.5%) $509,897 (-6.3%) 1.11 21,981
2019-06-01 $358,400 (-4.4%) $504,692 (-3.9%) 1.10 23,540
2019-07-01 $353,450 (-3.5%) $493,702 (-3.4%) 1.10 24,435
2019-08-01 $347,757 (-0.6%) $481,341 (-1.0%) 1.09 23,890
2019-09-01 $344,226 (-0.2%) $478,149 (-0.9%) 1.09 23,144
2019-10-01 $341,740 (-0.2%) $477,954 (-0.7%) 1.09 23,402
2019-11-01 $340,000 (0.0%) $475,723 (-1.4%) 1.10 21,903
2019-12-01 $335,436 (-1.1%) $468,817 (-1.5%) 1.12 19,514
2020-01-01 $333,388 (-1.4%) $465,385 (-1.1%) 1.11 17,767
2020-02-01 $339,900 (-1.4%) $475,261 (-1.8%) 1.10 17,440
2020-03-01 $342,495 (-2.7%) $481,248 (-3.4%) 1.07 18,088
2020-04-01 $339,479 (-5.6%) $470,711 (-7.9%) 1.06 18,523
2020-05-01 $349,900 (-2.8%) $497,619 (-2.4%) 1.06 18,581
2020-06-01 $356,000 (-0.7%) $515,387 (2.1%) 1.04 16,756
2020-07-01 $359,846 (1.8%) $523,384 (6.0%) 1.03 15,709
2020-08-01 $359,990 (3.5%) $532,123 (10.6%) 1.03 14,567
2020-09-01 $359,550 (4.5%) $543,543 (13.7%) 1.03 13,442
2020-10-01 $356,000 (4.2%) $549,352 (14.9%) 1.02 12,456
2020-11-01 $358,950 (5.6%) $559,768 (17.7%) 1.03 11,106
2020-12-01 $353,995 (5.5%) $558,517 (19.1%) 1.04 9,391
2021-01-01 $349,900 (5.0%) $550,512 (18.3%) 1.03 8,041
2021-02-01 $358,495 (5.5%) $578,669 (21.8%) 1.03 6,218
2021-03-01 $361,413 (5.5%) $581,201 (20.8%) 1.01 5,730
2021-04-01 $373,495 (10.0%) $602,114 (27.9%) 1.00 5,618
2021-05-01 $379,900 (8.6%) $587,549 (18.1%) 1.00 5,936
2021-06-01 $387,000 (8.7%) $594,650 (15.4%) 1.01 6,873
2021-07-01 $395,000 (9.8%) $580,237 (10.9%) 1.03 8,098
2021-08-01 $395,300 (9.8%) $567,592 (6.7%) 1.04 9,132
2021-09-01 $396,080 (10.2%) $562,909 (3.6%) 1.04 8,860
2021-10-01 $397,072 (11.5%) $576,139 (4.9%) 1.04 8,246
2021-11-01 $400,000 (11.4%) $585,654 (4.6%) 1.05 7,339
2021-12-01 $399,950 (13.0%) $585,819 (4.9%) 1.07 6,252
2022-01-01 $400,000 (14.3%) $598,299 (8.7%) 1.07 4,910
2022-02-01 $409,000 (14.1%) $640,773 (10.7%) 1.04 4,154
2022-03-01 $425,000 (17.6%) $660,783 (13.7%) 1.05 4,524
2022-04-01 $440,000 (17.8%) $677,414 (12.5%) 1.04 5,350
2022-05-01 $473,000 (24.5%) $681,372 (16.0%) 1.06 7,976
2022-06-01 $485,508 (25.5%) $673,422 (13.3%) 1.08 11,108
Dallas's median listing price for 2022-06-01 was $485,508, a difference of $98,508 (25.5%) versus the prior year and $12,508 versus the prior month.

Dallas's median listing price comes in at 108% of the national average.

Dallas's average listing price for 2022-06-01 was $673,422, a difference of $78,772 (13.3%) versus the prior year and $-7,950 versus the prior month.

For the 2022-06-01 period, Dallas had 11,108 MLS listings, a difference of 3,132 listings (39%) versus the prior month and 4,235 listings (62%) 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 66 days 2,585 sqft
2018-02-01 52 days 2,631 sqft
2018-03-01 44 days 2,644 sqft
2018-04-01 43 days 2,672 sqft
2018-05-01 39 days 2,723 sqft
2018-06-01 42 days 2,669 sqft
2018-07-01 42 days 2,627 sqft
2018-08-01 48 days 2,545 sqft
2018-09-01 53 days 2,509 sqft
2018-10-01 58 days 2,480 sqft
2018-11-01 59 days 2,457 sqft
2018-12-01 66 days 2,426 sqft
2019-01-01 70 days 2,399 sqft
2019-02-01 59 days 2,424 sqft
2019-03-01 49 days 2,462 sqft
2019-04-01 45 days 2,494 sqft
2019-05-01 45 days 2,508 sqft
2019-06-01 49 days 2,500 sqft
2019-07-01 49 days 2,477 sqft
2019-08-01 51 days 2,424 sqft
2019-09-01 56 days 2,402 sqft
2019-10-01 57 days 2,392 sqft
2019-11-01 59 days 2,387 sqft
2019-12-01 65 days 2,338 sqft
2020-01-01 68 days 2,320 sqft
2020-02-01 57 days 2,329 sqft
2020-03-01 46 days 2,340 sqft
2020-04-01 50 days 2,316 sqft
2020-05-01 55 days 2,374 sqft
2020-06-01 48 days 2,387 sqft
2020-07-01 47 days 2,379 sqft
2020-08-01 46 days 2,360 sqft
2020-09-01 46 days 2,312 sqft
2020-10-01 48 days 2,280 sqft
2020-11-01 50 days 2,248 sqft
2020-12-01 52 days 2,194 sqft
2021-01-01 53 days 2,144 sqft
2021-02-01 43 days 2,147 sqft
2021-03-01 41 days 2,145 sqft
2021-04-01 33 days 2,141 sqft
2021-05-01 31 days 2,167 sqft
2021-06-01 29 days 2,169 sqft
2021-07-01 30 days 2,164 sqft
2021-08-01 31 days 2,169 sqft
2021-09-01 36 days 2,162 sqft
2021-10-01 37 days 2,150 sqft
2021-11-01 39 days 2,150 sqft
2021-12-01 43 days 2,145 sqft
2022-01-01 43 days 2,116 sqft
2022-02-01 34 days 2,102 sqft
2022-03-01 28 days 2,119 sqft
2022-04-01 25 days 2,149 sqft
2022-05-01 23 days 2,246 sqft
2022-06-01 24 days 2,299 sqft
Dallas's median listing age (time on market) for 2022-06-01 was 24 days. This is -17% shorter than the same period one year ago.

Dallas's median square footage for active listings during the 2022-06-01 period was 2,299 sqft. One year prior, the average listing was 2,169 sqft.