Dallas USDA Loan Rates, Closing Costs & Stats

Dallas-Fort Worth-Arlington, TX

  • JUMP TO:
  • Trends
  • Rates vs Fees
  • Top Lenders
  • Markets
  • Market Conditions & Pricing
  • Time on Market/Property Size

    • 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.