Gainesville USDA Loan Rates, Closing Costs & Stats
Gainesville, 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.
Gainesville's 5 lenders originated 5 USDA loans during 2023. The total origination value was $1,045,000, with an average USDA loan value of $209,000.
Gainesville USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Gainesville
averaged
-0.05%
for the week of 2024-11-15, compared to the national average (all USDA variants) of
0% for the same period.
Gainesville's average USDA mortgage closing costs are $6,239.
The average rate for the prior week (2024-11-08) was
6.5% and
one month ago for the week of 2024-10-11, the
average rate was 5.86%.
The average rate one year ago was 6.99%.
For refis of the same type during the week of 2024-11-15, the average rate
was -0.2%.
Gainesville 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 Gainesville level.
| Name | # of Loans | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
|---|---|---|---|
| AMERICAN PACIFIC MORTGAGE CORPORATION | 1 | 6.63% | $11,570 |
| CARDINAL FINANCIAL | 1 | 5.75% | $12,136 |
| EVERETT FINANCIAL, INC. | 1 | 7.38% | $7,751 |
| GUILD MORTGAGE COMPANY | 1 | 6.63% | $7,031 |
| S1L, Inc. | 1 | 7.25% | $5,965 |
The top Gainesville USDA lender as defined by loan originations is AMERICAN PACIFIC MORTGAGE CORPORATION, with
1 USDA loans originated. Their average total fees are
$11,570, which is $565
lower than the next largest lender,
CARDINAL FINANCIAL.
The lowest fee Gainesville USDA lenders (with over 10 loans originated) are
.
The lowest rate Gainesville USDA lenders (with over 10 loans originated) are
.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Gainesville (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 | $274,700 (-3.4%) | $374,017 (-1.9%) | 0.00 | 99 |
| 2018-02-01 | $314,950 (3.1%) | $395,068 (0.5%) | 0.00 | 96 |
| 2018-03-01 | $344,000 (15.2%) | $425,403 (8.1%) | 0.00 | 92 |
| 2018-04-01 | $363,675 (23.3%) | $448,007 (13.5%) | 0.00 | 92 |
| 2018-05-01 | $367,450 (18.5%) | $477,820 (8.5%) | 0.00 | 103 |
| 2018-06-01 | $345,900 (15.9%) | $442,542 (3.1%) | 0.00 | 121 |
| 2018-07-01 | $317,500 (5.9%) | $438,499 (5.8%) | 0.00 | 134 |
| 2018-08-01 | $324,950 (-0.3%) | $416,642 (0.6%) | 0.00 | 139 |
| 2018-09-01 | $299,900 (-3.2%) | $405,533 (-1.0%) | 0.00 | 138 |
| 2018-10-01 | $276,750 (-9.3%) | $388,587 (-3.7%) | 0.00 | 138 |
| 2018-11-01 | $293,750 (-7.7%) | $397,506 (-4.6%) | 0.00 | 126 |
| 2018-12-01 | $270,676 (-0.8%) | $381,950 (-6.1%) | 0.00 | 125 |
| 2019-01-01 | $248,450 (-9.6%) | $372,016 (-0.5%) | 0.00 | 114 |
| 2019-02-01 | $272,788 (-13.4%) | $393,636 (-0.4%) | 0.00 | 122 |
| 2019-03-01 | $271,883 (-21.0%) | $393,333 (-7.5%) | 0.00 | 128 |
| 2019-04-01 | $270,827 (-25.5%) | $392,367 (-12.4%) | 0.00 | 138 |
| 2019-05-01 | $291,250 (-20.7%) | $368,763 (-22.8%) | 0.00 | 139 |
| 2019-06-01 | $298,000 (-13.9%) | $383,560 (-13.3%) | 0.00 | 147 |
| 2019-07-01 | $299,450 (-5.7%) | $384,779 (-12.3%) | 0.00 | 151 |
| 2019-08-01 | $297,623 (-8.4%) | $382,074 (-8.3%) | 0.00 | 152 |
| 2019-09-01 | $295,557 (-1.5%) | $385,875 (-4.9%) | 0.00 | 152 |
| 2019-10-01 | $305,930 (10.5%) | $390,524 (0.5%) | 0.00 | 151 |
| 2019-11-01 | $329,900 (12.3%) | $395,735 (-0.5%) | 0.00 | 135 |
| 2019-12-01 | $301,500 (11.4%) | $357,657 (-6.4%) | 0.00 | 123 |
| 2020-01-01 | $323,250 (30.1%) | $371,578 (-0.1%) | 0.00 | 121 |
| 2020-02-01 | $274,900 (0.8%) | $354,792 (-9.9%) | 0.00 | 126 |
| 2020-03-01 | $272,400 (0.2%) | $340,428 (-13.5%) | 0.00 | 145 |
| 2020-04-01 | $279,414 (3.2%) | $349,602 (-10.9%) | 0.00 | 138 |
| 2020-05-01 | $285,000 (-2.2%) | $360,864 (-2.1%) | 0.00 | 127 |
| 2020-06-01 | $289,125 (-3.0%) | $372,338 (-2.9%) | 0.00 | 112 |
| 2020-07-01 | $315,750 (5.4%) | $419,072 (8.9%) | 0.00 | 103 |
| 2020-08-01 | $315,000 (5.8%) | $413,313 (8.2%) | 0.00 | 89 |
| 2020-09-01 | $322,375 (9.1%) | $403,273 (4.5%) | 0.00 | 83 |
| 2020-10-01 | $329,900 (7.8%) | $390,988 (0.1%) | 0.00 | 68 |
| 2020-11-01 | $323,725 (-1.9%) | $383,344 (-3.1%) | 0.00 | 57 |
| 2020-12-01 | $325,450 (7.9%) | $396,330 (10.8%) | 0.00 | 54 |
| 2021-01-01 | $299,950 (-7.2%) | $398,107 (7.1%) | 0.00 | 49 |
| 2021-02-01 | $324,950 (18.2%) | $390,550 (10.1%) | 0.00 | 38 |
| 2021-03-01 | $331,338 (21.6%) | $422,488 (24.1%) | 0.00 | 26 |
| 2021-04-01 | $372,400 (33.3%) | $461,795 (32.1%) | 0.00 | 26 |
| 2021-05-01 | $289,450 (1.6%) | $519,625 (44.0%) | 0.00 | 39 |
| 2021-06-01 | $254,700 (-11.9%) | $484,076 (30.0%) | 0.00 | 54 |
| 2021-07-01 | $163,180 (-48.3%) | $328,878 (-21.5%) | 0.00 | 104 |
| 2021-08-01 | $161,290 (-48.8%) | $346,192 (-16.2%) | 0.00 | 96 |
| 2021-09-01 | $180,375 (-44.1%) | $376,323 (-6.7%) | 0.00 | 79 |
| 2021-10-01 | $280,988 (-14.8%) | $427,589 (9.4%) | 0.00 | 56 |
| 2021-11-01 | $308,550 (-4.7%) | $556,909 (45.3%) | 0.00 | 52 |
| 2021-12-01 | $279,950 (-14.0%) | $542,435 (36.9%) | 0.00 | 45 |
| 2022-01-01 | $275,000 (-8.3%) | $511,181 (28.4%) | 0.00 | 37 |
| 2022-02-01 | $348,850 (7.4%) | $629,180 (61.1%) | 0.00 | 24 |
| 2022-03-01 | $337,500 (1.9%) | $698,569 (65.4%) | 0.00 | 26 |
| 2022-04-01 | $334,900 (-10.1%) | $706,669 (53.0%) | 0.00 | 36 |
| 2022-05-01 | $337,500 (16.6%) | $670,677 (29.1%) | 0.00 | 48 |
| 2022-06-01 | $448,700 (76.2%) | $781,245 (61.4%) | 0.00 | 69 |
| 2022-07-01 | $470,000 (188.0%) | $777,962 (136.6%) | 0.00 | 88 |
| 2022-08-01 | $499,500 (209.7%) | $771,564 (122.9%) | 0.00 | 106 |
| 2022-09-01 | $399,950 (121.7%) | $681,923 (81.2%) | 0.00 | 127 |
| 2022-10-01 | $412,000 (46.6%) | $669,354 (56.5%) | 0.00 | 127 |
| 2022-11-01 | $362,962 (17.6%) | $596,422 (7.1%) | 0.00 | 135 |
| 2022-12-01 | $364,008 (30.0%) | $579,175 (6.8%) | 0.00 | 136 |
| 2023-01-01 | $369,450 (34.4%) | $564,052 (10.3%) | 0.00 | 128 |
| 2023-02-01 | $366,529 (5.1%) | $583,610 (-7.2%) | 0.00 | 129 |
| 2023-03-01 | $384,029 (13.8%) | $607,509 (-13.0%) | 0.00 | 112 |
| 2023-04-01 | $449,450 (34.2%) | $648,207 (-8.3%) | 0.00 | 111 |
| 2023-05-01 | $411,450 (21.9%) | $643,257 (-4.1%) | 0.00 | 114 |
| 2023-06-01 | $426,725 (-4.9%) | $637,766 (-18.4%) | 0.00 | 131 |
| 2023-07-01 | $425,000 (-9.6%) | $626,806 (-19.4%) | 0.00 | 148 |
| 2023-08-01 | $406,250 (-18.7%) | $620,831 (-19.5%) | 0.00 | 154 |
| 2023-09-01 | $415,625 (3.9%) | $636,376 (-6.7%) | 0.00 | 160 |
| 2023-10-01 | $438,833 (6.5%) | $638,593 (-4.6%) | 0.00 | 176 |
| 2023-11-01 | $455,000 (25.4%) | $631,320 (5.9%) | 0.00 | 180 |
| 2023-12-01 | $444,990 (22.3%) | $568,910 (-1.8%) | 0.00 | 181 |
| 2024-01-01 | $429,450 (16.2%) | $546,466 (-3.1%) | 0.00 | 171 |
| 2024-02-01 | $429,831 (17.3%) | $560,460 (-4.0%) | 0.00 | 176 |
| 2024-03-01 | $427,275 (11.3%) | $629,181 (3.6%) | 0.00 | 218 |
| 2024-04-01 | $434,248 (-3.4%) | $603,278 (-6.9%) | 0.00 | 226 |
| 2024-05-01 | $457,500 (11.2%) | $593,916 (-7.7%) | 0.00 | 231 |
| 2024-06-01 | $450,000 (5.5%) | $598,378 (-6.2%) | 0.00 | 246 |
| 2024-07-01 | $421,350 (-0.9%) | $567,641 (-9.4%) | 0.00 | 245 |
| 2024-08-01 | $399,568 (-1.6%) | $532,041 (-14.3%) | 0.00 | 236 |
| 2024-09-01 | $399,034 (-4.0%) | $514,980 (-19.1%) | 0.00 | 249 |
| 2024-10-01 | $413,490 (-5.8%) | $533,718 (-16.4%) | 0.00 | 265 |
Gainesville's median listing price comes in at 0% of the national average.
Gainesville's average listing price for 2024-10-01 was $533,718, a difference of $-104,875 (-16.4%) versus the prior year and $18,738 versus the prior month.
For the 2024-10-01 period, Gainesville had 265 MLS listings, a difference of 16 listings (6%) versus the prior month and 89 listings (51%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Gainesville (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 0 days | 2,053 sqft |
| 2018-02-01 | 0 days | 2,126 sqft |
| 2018-03-01 | 0 days | 2,209 sqft |
| 2018-04-01 | 0 days | 2,250 sqft |
| 2018-05-01 | 0 days | 2,422 sqft |
| 2018-06-01 | 0 days | 2,298 sqft |
| 2018-07-01 | 0 days | 2,297 sqft |
| 2018-08-01 | 0 days | 2,266 sqft |
| 2018-09-01 | 0 days | 2,187 sqft |
| 2018-10-01 | 0 days | 2,124 sqft |
| 2018-11-01 | 0 days | 2,092 sqft |
| 2018-12-01 | 0 days | 2,040 sqft |
| 2019-01-01 | 0 days | 2,020 sqft |
| 2019-02-01 | 0 days | 2,055 sqft |
| 2019-03-01 | 0 days | 2,091 sqft |
| 2019-04-01 | 0 days | 2,107 sqft |
| 2019-05-01 | 0 days | 2,040 sqft |
| 2019-06-01 | 0 days | 2,161 sqft |
| 2019-07-01 | 0 days | 2,163 sqft |
| 2019-08-01 | 0 days | 2,119 sqft |
| 2019-09-01 | 0 days | 2,057 sqft |
| 2019-10-01 | 0 days | 2,017 sqft |
| 2019-11-01 | 0 days | 2,133 sqft |
| 2019-12-01 | 0 days | 2,142 sqft |
| 2020-01-01 | 0 days | 2,155 sqft |
| 2020-02-01 | 0 days | 1,992 sqft |
| 2020-03-01 | 0 days | 1,948 sqft |
| 2020-04-01 | 0 days | 2,027 sqft |
| 2020-05-01 | 0 days | 2,058 sqft |
| 2020-06-01 | 0 days | 2,063 sqft |
| 2020-07-01 | 0 days | 2,124 sqft |
| 2020-08-01 | 0 days | 2,110 sqft |
| 2020-09-01 | 0 days | 2,107 sqft |
| 2020-10-01 | 0 days | 2,165 sqft |
| 2020-11-01 | 0 days | 2,092 sqft |
| 2020-12-01 | 0 days | 2,097 sqft |
| 2021-01-01 | 0 days | 2,115 sqft |
| 2021-02-01 | 0 days | 2,069 sqft |
| 2021-03-01 | 0 days | 2,198 sqft |
| 2021-04-01 | 0 days | 2,151 sqft |
| 2021-05-01 | 0 days | 1,903 sqft |
| 2021-06-01 | 0 days | 1,681 sqft |
| 2021-07-01 | 0 days | 1,240 sqft |
| 2021-08-01 | 0 days | 1,281 sqft |
| 2021-09-01 | 0 days | 1,391 sqft |
| 2021-10-01 | 0 days | 1,939 sqft |
| 2021-11-01 | 0 days | 1,869 sqft |
| 2021-12-01 | 0 days | 1,908 sqft |
| 2022-01-01 | 0 days | 1,789 sqft |
| 2022-02-01 | 0 days | 1,863 sqft |
| 2022-03-01 | 0 days | 1,940 sqft |
| 2022-04-01 | 0 days | 1,953 sqft |
| 2022-05-01 | 0 days | 1,972 sqft |
| 2022-06-01 | 0 days | 2,174 sqft |
| 2022-07-01 | 0 days | 2,242 sqft |
| 2022-08-01 | 0 days | 2,242 sqft |
| 2022-09-01 | 0 days | 2,102 sqft |
| 2022-10-01 | 0 days | 2,042 sqft |
| 2022-11-01 | 0 days | 1,990 sqft |
| 2022-12-01 | 0 days | 1,964 sqft |
| 2023-01-01 | 0 days | 2,005 sqft |
| 2023-02-01 | 0 days | 2,007 sqft |
| 2023-03-01 | 0 days | 2,039 sqft |
| 2023-04-01 | 0 days | 2,177 sqft |
| 2023-05-01 | 0 days | 2,097 sqft |
| 2023-06-01 | 0 days | 2,062 sqft |
| 2023-07-01 | 0 days | 2,011 sqft |
| 2023-08-01 | 0 days | 2,024 sqft |
| 2023-09-01 | 0 days | 2,018 sqft |
| 2023-10-01 | 0 days | 2,070 sqft |
| 2023-11-01 | 0 days | 2,118 sqft |
| 2023-12-01 | 0 days | 2,114 sqft |
| 2024-01-01 | 0 days | 2,048 sqft |
| 2024-02-01 | 0 days | 2,090 sqft |
| 2024-03-01 | 0 days | 2,020 sqft |
| 2024-04-01 | 0 days | 2,010 sqft |
| 2024-05-01 | 0 days | 2,064 sqft |
| 2024-06-01 | 0 days | 2,040 sqft |
| 2024-07-01 | 0 days | 2,031 sqft |
| 2024-08-01 | 0 days | 2,000 sqft |
| 2024-09-01 | 0 days | 2,020 sqft |
| 2024-10-01 | 0 days | 2,020 sqft |
Gainesville's median square footage for active listings during the 2024-10-01 period was 2,020 sqft. One year prior, the average listing was 2,070 sqft.