Fort Worth USDA Loans

FORT WORTH-ARLINGTON-GRAPEVINE, 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.

Fort Worth's 45 lenders originated 117 USDA loans during 2021. The total origination value was $28,005,000, with an average USDA loan value of $239,359.

Fort Worth USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Fort Worth averaged 4.66% 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 4.68% and one month ago for the week of 2022-02-18, the average rate was 4.39%.

The average rate one year ago was 3.48%.

For refis of the same type during the week of 2022-03-25, the average rate was 4.56%.

Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

Fort Worth 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 Fort Worth level.

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
LOANDEPOT.COM, LLC 18 3.08% $6,965
SFMC, LP 7 2.98% $7,982
MORTGAGE FINANCIAL SERVICES, LLC 7 2.71% $6,911
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 6 3.29% $7,142
Paramount Residential Mortgage Group, Inc. 5 3.33% $9,936
CALCON MUTUAL MORTGAGE LLC 4 3.13% $7,442
AMCAP MORTGAGE, LTD. 3 2.71% $10,182
EUSTIS AND AMERICAN MORTGAGE COMPANY 3 3.04% $7,451
GUILD MORTGAGE COMPANY 3 3.29% $7,607
MID AMERICA MORTGAGE, INC. 3 3.46% $7,013
NATIONS RELIABLE LENDING, LLC 3 2.96% $7,055
OPEN MORTGAGE, LLC 3 2.75% $7,476
Waterstone Mortgage Corporation 3 3.38% $8,527
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 3.50% $9,822
First Bank & Trust 2 2.50% $6,882
First United Bank and Trust Company 2 3.50% $5,951
SECURITYNATIONAL MORTGAGE COMPANY 2 3.13% $8,445
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 2 3.06% $6,360
Assurance Financial Group, L.L.C. 2 2.69% $6,476
CALIBER HOME LOANS, INC. 2 3.31% $7,651
Trinity Oaks Mortgage, LLC 2 3.06% $8,790
PRIMELENDING, A PLAINSCAPITAL COMPANY 2 3.25% $8,488
Colten Mortgage, LLC 2 2.38% $4,835
DRAPER AND KRAMER MORTGAGE CORP. 2 3.00% $8,934
Republic State Mortgage Co. 2 2.81% $7,118
HOMEBRIDGE FINANCIAL SERVICES, INC. 1 2.88% $8,840
Independent Bank 1 3.50% $6,645
INTERLINC MORTGAGE SERVICES, LLC 1 3.25% $7,147
LAKEVIEW LOAN SERVICING, LLC 1 3.13% $3,248
Carrington Mortgage Services, LLC 1 2.50% $5,694
RELIANCE FIRST CAPITAL, LLC 1 2.63% $4,130
CHERRY CREEK MORTGAGE, LLC 1 2.38% $3,670
MOUNTAIN WEST FINANCIAL, INC. 1 2.63% $6,259
MOVEMENT MORTGAGE, LLC 1 3.00% $7,353
FINANCE OF AMERICA MORTGAGE LLC 1 3.75% $7,383
First Bank 1 2.63% $7,307
SWBC MORTGAGE CORPORATION 1 3.25% $8,119
FIRST CENTENNIAL MORTGAGE CORPORATION 1 2.88% $7,671
First Financial Bank 1 2.50% $7,198
First Guaranty Mortgage Corporation 1 3.25% $7,179
CHURCHILL MORTGAGE CORPORATION 1 2.75% $7,063
FLAT BRANCH MORTGAGE, INC. 1 2.63% $13,768
GUARANTEED RATE, INC. 1 3.25% $7,196
BBVA USA 1 2.75% $8,447
COUNTRYPLACE MORTGAGE, LTD. 1 3.25% $17,088

The top Fort Worth USDA lender as defined by loan originations is LOANDEPOT.COM, LLC, with 18 USDA loans originated. Their average total fees are $6,965, which is $1,017 lower than the next largest lender, SFMC, LP.

The lowest fee Fort Worth USDA lenders (with over 10 loans originated) are LOANDEPOT.COM, LLC ($6,965), .

The lowest rate Fort Worth USDA lenders (with over 10 loans originated) are LOANDEPOT.COM, LLC (3.08%), .


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Fort Worth (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
Fort Worth'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.

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

Fort Worth'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, Fort Worth 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 - Fort Worth (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
Fort Worth'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.

Fort Worth'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.