Dallas USDA Loans

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 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.