Dallas USDA Loans

DALLAS-PLANO-IRVING, 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 91 lenders originated 649 USDA loans during 2021. The total origination value was $162,045,000, with an average USDA loan value of $249,684.

Dallas USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Dallas averaged 4.7% for the week of 2022-03-25, compared to the national average (all USDA variants) of 4.554% for the same period.

The average rate for the prior week (2022-03-18) was 4.32% and one month ago for the week of 2022-02-18, the average rate was 4.13%.

The average rate one year ago was 3.32%.

For refis of the same type during the week of 2022-03-25, the average rate was 4.44%.

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 48 3.06% $7,246
EAGLE HOME MORTGAGE, LLC 36 3.21% $6,486
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 20 3.15% $8,387
SFMC, LP 19 2.94% $9,714
PULTE MORTGAGE LLC 19 3.07% $3,823
Paramount Residential Mortgage Group, Inc. 17 2.98% $9,863
Republic State Mortgage Co. 16 3.05% $7,860
DAS Acquisition Company, LLC 15 3.11% $11,146
AMCAP MORTGAGE, LTD. 13 3.24% $10,955
CORNERSTONE HOME LENDING, INC. 12 3.17% $10,238
ARK-LA-TEX FINANCIAL SERVICES, LLC. 11 2.97% $4,194
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 9 3.03% $8,726
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 8 2.75% $9,619
PENNYMAC LOAN SERVICES, LLC 8 2.73% $7,721
GUARANTEED RATE, INC. 8 2.92% $8,274
CALIBER HOME LOANS, INC. 8 2.66% $7,292
THRIVE MORTGAGE, LLC 7 2.82% $8,495
ANGEL OAK HOME LOANS LLC 6 2.94% $8,257
OPEN MORTGAGE, LLC 6 3.00% $8,313
MORTGAGE FINANCIAL SERVICES, LLC 6 3.10% $7,585
Town Square Mortgage & Investments, Inc. 6 3.02% $6,690
GUILD MORTGAGE COMPANY 6 3.17% $7,904
HOME POINT FINANCIAL CORPORATION 5 2.92% $7,427
SECURITYNATIONAL MORTGAGE COMPANY 5 2.98% $9,170
WILLOW BEND MORTGAGE COMPANY, LLC 5 2.75% $7,468
First Guaranty Mortgage Corporation 5 3.10% $8,395
LEADERONE FINANCIAL CORPORATION 5 3.03% $5,753
HOMESIDE FINANCIAL, LLC 5 2.93% $7,292
MOVEMENT MORTGAGE, LLC 4 3.16% $5,474
CROSSCOUNTRY MORTGAGE, LLC 4 2.81% $6,317
Flagstar Bank, FSB 4 2.72% $6,454
Gateway First Bank 4 2.97% $6,737
CALCON MUTUAL MORTGAGE LLC 4 3.50% $7,816
PRIMARY RESIDENTIAL MORTGAGE, INC. 4 2.97% $8,133
Independent Bank 4 2.84% $8,419
LAKEVIEW LOAN SERVICING, LLC 3 3.09% $3,725
AMERICAN FINANCIAL NETWORK, INC. 3 3.13% $11,569
NATIONS RELIABLE LENDING, LLC 3 3.04% $11,764
Trinity Oaks Mortgage, LLC 3 2.88% $8,167
Colten Mortgage, LLC 3 2.71% $4,765
Wallick & Volk, Inc. 3 3.13% $8,975
PLAZA HOME MORTGAGE, INC. 3 2.75% $5,629
EVERETT FINANCIAL, INC. 3 3.21% $7,174
MID AMERICA MORTGAGE, INC. 3 3.21% $6,015
KBHS HOME LOANS, LLC 2 2.94% $7,567
Atlantic Home Loans, Inc. 2 2.81% $6,582
Carrington Mortgage Services, LLC 2 2.56% $5,893
CMG MORTGAGE, INC. 2 2.75% $10,335
FINANCE OF AMERICA MORTGAGE LLC 2 2.38% $9,208
First Bank 2 3.00% $8,898
First State Bank 2 2.38% $6,686
GMFS LLC 2 2.56% $8,572
Guaranty Bank & Trust, N.A. 2 2.75% $5,938
HOMEBRIDGE FINANCIAL SERVICES, INC. 2 2.87% $9,523
PRIMELENDING, A PLAINSCAPITAL COMPANY 2 3.25% $9,533
S1L, Inc. 2 3.13% $6,476
Sierra Pacific Mortgage Company, Inc. 2 2.63% $7,097
STEARNS LENDING, LLC 2 3.00% $7,502
T2 FINANCIAL LLC 2 3.38% $8,009
UNITED WHOLESALE MORTGAGE, LLC 2 2.66% $11,091
Wells Fargo Bank 2 2.56% $5,506
Origin Bank 1 2.50% $7,868
KELLER MORTGAGE, LLC 1 2.25% $5,806
INTERLINC MORTGAGE SERVICES, LLC 1 2.88% $5,940
PILGRIM MORTGAGE LLC 1 2.63% $7,361
PLANET HOME LENDING, LLC 1 2.88% $8,770
HOMETRUST MORTGAGE COMPANY 1 3.13% $7,169
Happy State Bank 1 2.50% $7,442
UMB Bank 1 2.75% $7,056
GREAT WESTERN FINANCIAL SERVICES, INC. 1 2.75% $6,829
RANLIFE, INC. 1 2.75% $6,928
First United Bank and Trust Company 1 3.13% $7,324
Bank of England 1 2.88% $9,201
EUSTIS AND AMERICAN MORTGAGE COMPANY 1 3.25% $7,973
COUNTRYPLACE MORTGAGE, LTD. 1 3.25% $17,457
VAN DYK MORTGAGE CORPORATION 1 2.25% $4,413
SOUTHWEST FUNDING, LP 1 2.88% $9,013
BAY EQUITY LLC 1 2.99% $6,995
Waterstone Mortgage Corporation 1 2.75% $2,111
City Bank 1 2.88% $5,860
CHURCHILL MORTGAGE CORPORATION 1 2.75% $7,596
CHERRY CREEK MORTGAGE, LLC 1 2.75% $2,490
Truist Bank 1 3.00% $8,479
M/I FINANCIAL, LLC 1 2.75% $10,824
Nations Lending Corporation 1 3.25% $4,512
METROPLEX MORTGAGE SERVICES, INC. 1 2.50% $3,235
Network Funding, L.P. 1 2.75% $10,034
NEWREZ LLC 1 2.38% $7,627
Northpointe Bank 1 2.75% $10,288
Loan Simple, Inc. 1 2.75% $8,488

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 $1,149 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 ($7,246).

The lowest rate Dallas USDA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (2.71%), SFMC, LP (2.94%), ARK-LA-TEX FINANCIAL SERVICES, LLC. (2.97%), Paramount Residential Mortgage Group, Inc. (2.98%) and Republic State Mortgage Co. (3.05%).


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
Dallas's median listing price for 2022-01-01 was $400,000, a difference of $50,100 (14.3%) versus the prior year and $50 versus the prior month.

Dallas's median listing price comes in at 107% of the national average.

Dallas's average listing price for 2022-01-01 was $598,299, a difference of $47,787 (8.7%) versus the prior year and $12,480 versus the prior month.

For the 2022-01-01 period, Dallas had 4,910 MLS listings, a difference of -1,342 listings (-21%) versus the prior month and -3,131 listings (-39%) 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
Dallas's median listing age (time on market) for 2022-01-01 was 43 days. This is -19% shorter than the same period one year ago.

Dallas's median square footage for active listings during the 2022-01-01 period was 2,116 sqft. One year prior, the average listing was 2,144 sqft.