El Paso USDA Loan Rates, Closing Costs & Stats
EL PASO, 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.
El Paso's 3 lenders originated 4 USDA loans during 2023. The total origination value was $970,000, with an average USDA loan value of $242,500.
El Paso USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in El Paso
averaged
6.44%
for the week of 2024-11-08, compared to the national average (all USDA variants) of
6.477% for the same period.
El Paso's average USDA mortgage closing costs are $6,261.
The average rate for the prior week (2024-11-01) was
6.11% and
one month ago for the week of 2024-10-04, the
average rate was 5.84%.
The average rate one year ago was 7.27%.
For refis of the same type during the week of 2024-11-08, the average rate
was 6.46%.
El Paso 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 El Paso level.
| Name | # of Loans | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
|---|---|---|---|
| PATRIOT MORTGAGE COMPANY | 2 | 5.94% | $15,437 |
| CMG MORTGAGE, INC. | 1 | 7.63% | $9,604 |
| Paramount Residential Mortgage Group, Inc. | 1 | 7.13% | $7,067 |
The top El Paso USDA lender as defined by loan originations is PATRIOT MORTGAGE COMPANY, with
2 USDA loans originated. Their average total fees are
$15,437, which is $5,833
higher than the next largest lender,
CMG MORTGAGE, INC..
The lowest fee El Paso USDA lenders (with over 10 loans originated) are
.
The lowest rate El Paso USDA lenders (with over 10 loans originated) are
.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - El Paso (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 | $167,950 (2.2%) | $197,104 (-3.2%) | 0.62 | 3,504 |
| 2018-02-01 | $168,225 (2.0%) | $196,667 (-3.7%) | 0.61 | 3,531 |
| 2018-03-01 | $169,775 (2.3%) | $198,781 (-3.0%) | 0.60 | 3,449 |
| 2018-04-01 | $172,225 (3.8%) | $200,788 (-3.6%) | 0.58 | 3,259 |
| 2018-05-01 | $173,488 (3.9%) | $201,242 (-3.3%) | 0.58 | 3,213 |
| 2018-06-01 | $175,000 (4.2%) | $203,328 (-4.6%) | 0.58 | 3,162 |
| 2018-07-01 | $176,475 (5.1%) | $205,403 (-3.7%) | 0.59 | 3,158 |
| 2018-08-01 | $177,250 (5.5%) | $204,217 (-3.5%) | 0.59 | 3,066 |
| 2018-09-01 | $177,388 (5.6%) | $203,735 (-3.9%) | 0.60 | 3,075 |
| 2018-10-01 | $176,975 (5.5%) | $202,710 (-3.2%) | 0.60 | 3,188 |
| 2018-11-01 | $178,475 (6.0%) | $203,760 (-3.3%) | 0.61 | 3,144 |
| 2018-12-01 | $179,900 (6.8%) | $206,745 (4.5%) | 0.62 | 2,987 |
| 2019-01-01 | $183,725 (9.4%) | $208,978 (6.0%) | 0.63 | 2,797 |
| 2019-02-01 | $184,975 (10.0%) | $210,193 (6.9%) | 0.62 | 2,784 |
| 2019-03-01 | $187,629 (10.5%) | $214,423 (7.9%) | 0.61 | 2,692 |
| 2019-04-01 | $189,925 (10.3%) | $218,853 (9.0%) | 0.60 | 2,620 |
| 2019-05-01 | $191,475 (10.4%) | $221,680 (10.2%) | 0.60 | 2,621 |
| 2019-06-01 | $191,950 (9.7%) | $222,335 (9.4%) | 0.60 | 2,597 |
| 2019-07-01 | $191,450 (8.5%) | $222,094 (8.1%) | 0.60 | 2,654 |
| 2019-08-01 | $191,727 (8.2%) | $223,539 (9.5%) | 0.61 | 2,638 |
| 2019-09-01 | $190,755 (7.5%) | $224,757 (10.3%) | 0.61 | 2,611 |
| 2019-10-01 | $190,583 (7.7%) | $226,490 (11.7%) | 0.61 | 2,594 |
| 2019-11-01 | $195,000 (9.3%) | $228,928 (12.4%) | 0.64 | 2,576 |
| 2019-12-01 | $193,450 (7.5%) | $226,399 (9.5%) | 0.65 | 2,442 |
| 2020-01-01 | $192,950 (5.0%) | $226,825 (8.5%) | 0.64 | 2,381 |
| 2020-02-01 | $192,950 (4.3%) | $228,575 (8.8%) | 0.63 | 2,408 |
| 2020-03-01 | $195,975 (4.5%) | $230,152 (7.3%) | 0.61 | 2,308 |
| 2020-04-01 | $193,950 (2.1%) | $228,213 (4.3%) | 0.61 | 2,249 |
| 2020-05-01 | $202,950 (6.0%) | $233,740 (5.4%) | 0.62 | 1,944 |
| 2020-06-01 | $210,470 (9.7%) | $243,421 (9.5%) | 0.62 | 1,598 |
| 2020-07-01 | $217,088 (13.4%) | $245,834 (10.7%) | 0.63 | 1,458 |
| 2020-08-01 | $216,066 (12.7%) | $248,534 (11.2%) | 0.62 | 1,478 |
| 2020-09-01 | $215,700 (13.1%) | $251,572 (11.9%) | 0.62 | 1,413 |
| 2020-10-01 | $225,950 (18.6%) | $256,073 (13.1%) | 0.65 | 1,413 |
| 2020-11-01 | $232,100 (19.0%) | $262,264 (14.6%) | 0.68 | 1,340 |
| 2020-12-01 | $228,107 (17.9%) | $261,980 (15.7%) | 0.68 | 1,353 |
| 2021-01-01 | $230,000 (19.2%) | $267,421 (17.9%) | 0.69 | 1,265 |
| 2021-02-01 | $230,462 (19.4%) | $269,435 (17.9%) | 0.67 | 1,188 |
| 2021-03-01 | $234,975 (19.9%) | $267,420 (16.2%) | 0.67 | 1,148 |
| 2021-04-01 | $237,611 (22.5%) | $268,856 (17.8%) | 0.64 | 1,073 |
| 2021-05-01 | $245,000 (20.7%) | $277,518 (18.7%) | 0.65 | 1,027 |
| 2021-06-01 | $248,950 (18.3%) | $287,782 (18.2%) | 0.66 | 1,016 |
| 2021-07-01 | $249,900 (15.1%) | $285,176 (16.0%) | 0.66 | 1,061 |
| 2021-08-01 | $247,950 (14.8%) | $284,989 (14.7%) | 0.66 | 1,122 |
| 2021-09-01 | $247,950 (15.0%) | $286,008 (13.7%) | 0.66 | 1,098 |
| 2021-10-01 | $250,000 (10.6%) | $292,552 (14.3%) | 0.67 | 1,161 |
| 2021-11-01 | $253,588 (9.3%) | $293,015 (11.7%) | 0.68 | 1,104 |
| 2021-12-01 | $255,950 (12.2%) | $300,425 (14.7%) | 0.69 | 1,022 |
| 2022-01-01 | $261,500 (13.7%) | $306,624 (14.7%) | 0.71 | 911 |
| 2022-02-01 | $267,656 (16.1%) | $310,205 (15.1%) | 0.70 | 881 |
| 2022-03-01 | $275,000 (17.0%) | $317,585 (18.8%) | 0.69 | 870 |
| 2022-04-01 | $280,000 (17.8%) | $320,751 (19.3%) | 0.67 | 931 |
| 2022-05-01 | $282,600 (15.4%) | $329,216 (18.6%) | 0.65 | 1,014 |
| 2022-06-01 | $281,600 (13.1%) | $332,242 (15.5%) | 0.63 | 1,171 |
| 2022-07-01 | $284,950 (14.0%) | $333,165 (16.8%) | 0.64 | 1,498 |
| 2022-08-01 | $285,475 (15.1%) | $329,146 (15.5%) | 0.66 | 1,538 |
| 2022-09-01 | $291,225 (17.5%) | $334,289 (16.9%) | 0.68 | 1,576 |
| 2022-10-01 | $291,725 (16.7%) | $333,290 (13.9%) | 0.69 | 1,840 |
| 2022-11-01 | $290,975 (14.7%) | $328,828 (12.2%) | 0.70 | 1,890 |
| 2022-12-01 | $291,250 (13.8%) | $329,155 (9.6%) | 0.72 | 1,884 |
| 2023-01-01 | $293,475 (12.2%) | $333,079 (8.6%) | 0.73 | 1,877 |
| 2023-02-01 | $296,975 (11.0%) | $336,712 (8.5%) | 0.72 | 1,829 |
| 2023-03-01 | $298,938 (8.7%) | $342,437 (7.8%) | 0.71 | 1,822 |
| 2023-04-01 | $300,030 (7.2%) | $350,990 (9.4%) | 0.70 | 1,666 |
| 2023-05-01 | $310,000 (9.7%) | $355,655 (8.0%) | 0.70 | 1,741 |
| 2023-06-01 | $303,888 (7.9%) | $352,426 (6.1%) | 0.68 | 1,951 |
| 2023-07-01 | $304,800 (7.0%) | $352,381 (5.8%) | 0.69 | 2,112 |
| 2023-08-01 | $300,950 (5.4%) | $352,679 (7.2%) | 0.69 | 2,189 |
| 2023-09-01 | $299,500 (2.8%) | $352,175 (5.4%) | 0.70 | 2,253 |
| 2023-10-01 | $294,950 (1.1%) | $348,420 (4.5%) | 0.69 | 2,414 |
| 2023-11-01 | $294,213 (1.1%) | $345,927 (5.2%) | 0.70 | 2,501 |
| 2023-12-01 | $295,000 (1.3%) | $344,035 (4.5%) | 0.72 | 2,330 |
| 2024-01-01 | $295,000 (0.5%) | $339,830 (2.0%) | 0.72 | 2,303 |
| 2024-02-01 | $298,570 (0.5%) | $340,766 (1.2%) | 0.72 | 2,435 |
| 2024-03-01 | $299,500 (0.2%) | $345,633 (0.9%) | 0.70 | 2,449 |
| 2024-04-01 | $300,125 (0.0%) | $350,940 (0.0%) | 0.70 | 2,462 |
| 2024-05-01 | $302,285 (-2.5%) | $352,246 (-1.0%) | 0.68 | 2,542 |
| 2024-06-01 | $300,000 (-1.3%) | $355,004 (0.7%) | 0.67 | 2,638 |
| 2024-07-01 | $299,995 (-1.6%) | $351,920 (-0.1%) | 0.69 | 2,604 |
| 2024-08-01 | $299,995 (-0.3%) | $351,649 (-0.3%) | 0.70 | 2,552 |
| 2024-09-01 | $298,125 (-0.5%) | $349,048 (-0.9%) | 0.70 | 2,555 |
| 2024-10-01 | $295,000 (0.0%) | $344,743 (-1.1%) | 0.69 | 2,696 |
El Paso's median listing price comes in at 69% of the national average.
El Paso's average listing price for 2024-10-01 was $344,743, a difference of $-3,677 (-1.1%) versus the prior year and $-4,305 versus the prior month.
For the 2024-10-01 period, El Paso had 2,696 MLS listings, a difference of 141 listings (6%) versus the prior month and 282 listings (12%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - El Paso (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 97 days | 1,800 sqft |
| 2018-02-01 | 100 days | 1,800 sqft |
| 2018-03-01 | 86 days | 1,803 sqft |
| 2018-04-01 | 79 days | 1,823 sqft |
| 2018-05-01 | 80 days | 1,823 sqft |
| 2018-06-01 | 80 days | 1,843 sqft |
| 2018-07-01 | 78 days | 1,846 sqft |
| 2018-08-01 | 71 days | 1,859 sqft |
| 2018-09-01 | 71 days | 1,859 sqft |
| 2018-10-01 | 66 days | 1,856 sqft |
| 2018-11-01 | 70 days | 1,855 sqft |
| 2018-12-01 | 73 days | 1,852 sqft |
| 2019-01-01 | 83 days | 1,840 sqft |
| 2019-02-01 | 74 days | 1,841 sqft |
| 2019-03-01 | 69 days | 1,869 sqft |
| 2019-04-01 | 67 days | 1,888 sqft |
| 2019-05-01 | 65 days | 1,905 sqft |
| 2019-06-01 | 64 days | 1,913 sqft |
| 2019-07-01 | 58 days | 1,899 sqft |
| 2019-08-01 | 60 days | 1,908 sqft |
| 2019-09-01 | 65 days | 1,899 sqft |
| 2019-10-01 | 67 days | 1,900 sqft |
| 2019-11-01 | 72 days | 1,913 sqft |
| 2019-12-01 | 79 days | 1,892 sqft |
| 2020-01-01 | 81 days | 1,886 sqft |
| 2020-02-01 | 70 days | 1,874 sqft |
| 2020-03-01 | 66 days | 1,884 sqft |
| 2020-04-01 | 76 days | 1,855 sqft |
| 2020-05-01 | 83 days | 1,892 sqft |
| 2020-06-01 | 76 days | 1,903 sqft |
| 2020-07-01 | 66 days | 1,936 sqft |
| 2020-08-01 | 57 days | 1,952 sqft |
| 2020-09-01 | 46 days | 1,909 sqft |
| 2020-10-01 | 54 days | 1,937 sqft |
| 2020-11-01 | 65 days | 1,967 sqft |
| 2020-12-01 | 68 days | 1,954 sqft |
| 2021-01-01 | 67 days | 1,954 sqft |
| 2021-02-01 | 50 days | 1,916 sqft |
| 2021-03-01 | 50 days | 1,925 sqft |
| 2021-04-01 | 56 days | 1,913 sqft |
| 2021-05-01 | 44 days | 1,987 sqft |
| 2021-06-01 | 42 days | 1,987 sqft |
| 2021-07-01 | 43 days | 1,975 sqft |
| 2021-08-01 | 38 days | 1,932 sqft |
| 2021-09-01 | 44 days | 1,937 sqft |
| 2021-10-01 | 45 days | 1,960 sqft |
| 2021-11-01 | 52 days | 1,964 sqft |
| 2021-12-01 | 65 days | 1,959 sqft |
| 2022-01-01 | 55 days | 1,945 sqft |
| 2022-02-01 | 33 days | 1,936 sqft |
| 2022-03-01 | 36 days | 1,910 sqft |
| 2022-04-01 | 37 days | 1,938 sqft |
| 2022-05-01 | 30 days | 1,938 sqft |
| 2022-06-01 | 34 days | 1,930 sqft |
| 2022-07-01 | 32 days | 1,930 sqft |
| 2022-08-01 | 48 days | 1,930 sqft |
| 2022-09-01 | 52 days | 1,941 sqft |
| 2022-10-01 | 52 days | 1,954 sqft |
| 2022-11-01 | 60 days | 1,941 sqft |
| 2022-12-01 | 68 days | 1,941 sqft |
| 2023-01-01 | 73 days | 1,933 sqft |
| 2023-02-01 | 67 days | 1,935 sqft |
| 2023-03-01 | 60 days | 1,930 sqft |
| 2023-04-01 | 54 days | 1,941 sqft |
| 2023-05-01 | 50 days | 1,950 sqft |
| 2023-06-01 | 53 days | 1,941 sqft |
| 2023-07-01 | 57 days | 1,951 sqft |
| 2023-08-01 | 63 days | 1,951 sqft |
| 2023-09-01 | 64 days | 1,941 sqft |
| 2023-10-01 | 61 days | 1,914 sqft |
| 2023-11-01 | 65 days | 1,899 sqft |
| 2023-12-01 | 74 days | 1,894 sqft |
| 2024-01-01 | 76 days | 1,878 sqft |
| 2024-02-01 | 67 days | 1,884 sqft |
| 2024-03-01 | 58 days | 1,898 sqft |
| 2024-04-01 | 57 days | 1,894 sqft |
| 2024-05-01 | 53 days | 1,876 sqft |
| 2024-06-01 | 58 days | 1,876 sqft |
| 2024-07-01 | 66 days | 1,876 sqft |
| 2024-08-01 | 71 days | 1,873 sqft |
| 2024-09-01 | 69 days | 1,873 sqft |
| 2024-10-01 | 62 days | 1,854 sqft |
El Paso's median square footage for active listings during the 2024-10-01 period was 1,854 sqft. One year prior, the average listing was 1,914 sqft.