Hereford USDA Loan Rates, Closing Costs & Stats

Hereford, TX

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    • 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.

    Hereford's 3 lenders originated 7 USDA loans during 2023. The total origination value was $1,165,000, with an average USDA loan value of $166,429.

    Hereford USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Hereford averaged 6.39% for the week of 2024-12-13, compared to the national average (all USDA variants) of 6.303% for the same period.

    Hereford's average USDA mortgage closing costs are $6,616.

    The average rate for the prior week (2024-12-06) was 6.43% and one month ago for the week of 2024-11-08, the average rate was 6.44%.

    The average rate one year ago was 7.01%.

    For refis of the same type during the week of 2024-12-13, the average rate was 6.4%.

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

    Hereford 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 Hereford level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    PRIMELENDING, A PLAINSCAPITAL COMPANY 4 6.50% $7,772
    EVERETT FINANCIAL, INC. 1 6.88% $6,370
    S1L, Inc. 1 5.75% $11,836

    The top Hereford USDA lender as defined by loan originations is PRIMELENDING, A PLAINSCAPITAL COMPANY, with 4 USDA loans originated. Their average total fees are $7,772, which is $1,402 higher than the next largest lender, EVERETT FINANCIAL, INC..

    The lowest fee Hereford USDA lenders (with over 10 loans originated) are .

    The lowest rate Hereford USDA lenders (with over 10 loans originated) are .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Hereford (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 $138,700 (26.1%) $206,651 (26.3%) 0.00 34
    2018-02-01 $139,500 (27.5%) $196,519 (20.1%) 0.00 35
    2018-03-01 $143,500 (10.4%) $199,840 (5.0%) 0.00 33
    2018-04-01 $146,975 (1.4%) $198,956 (-1.2%) 0.00 28
    2018-05-01 $163,000 (10.5%) $192,755 (-8.2%) 0.00 29
    2018-06-01 $176,000 (19.4%) $194,838 (-9.9%) 0.00 29
    2018-07-01 $148,200 (5.9%) $190,692 (-8.5%) 0.00 30
    2018-08-01 $179,900 (29.1%) $213,160 (3.1%) 0.00 29
    2018-09-01 $180,000 (25.1%) $215,515 (3.8%) 0.00 24
    2018-10-01 $172,900 (21.2%) $204,381 (-0.1%) 0.00 26
    2018-11-01 $154,900 (4.5%) $204,841 (-6.6%) 0.00 27
    2018-12-01 $189,950 (37.7%) $206,415 (0.2%) 0.00 25
    2019-01-01 $195,000 (40.6%) $203,056 (-1.7%) 0.00 24
    2019-02-01 $197,000 (41.2%) $195,939 (-0.3%) 0.00 25
    2019-03-01 $209,286 (45.8%) $221,832 (11.0%) 0.00 23
    2019-04-01 $196,786 (33.9%) $221,921 (11.5%) 0.00 21
    2019-05-01 $170,700 (4.7%) $211,742 (9.9%) 0.00 23
    2019-06-01 $163,750 (-7.0%) $211,842 (8.7%) 0.00 24
    2019-07-01 $165,625 (11.8%) $198,403 (4.0%) 0.00 27
    2019-08-01 $164,000 (-8.8%) $193,700 (-9.1%) 0.00 29
    2019-09-01 $165,125 (-8.3%) $189,304 (-12.2%) 0.00 33
    2019-10-01 $164,750 (-4.7%) $186,373 (-8.8%) 0.00 35
    2019-11-01 $168,500 (8.8%) $192,826 (-5.9%) 0.00 30
    2019-12-01 $179,750 (-5.4%) $207,128 (0.4%) 0.00 29
    2020-01-01 $181,125 (-7.1%) $211,487 (4.2%) 0.00 30
    2020-02-01 $189,750 (-3.7%) $217,755 (11.1%) 0.00 29
    2020-03-01 $209,000 (-0.1%) $226,590 (2.1%) 0.00 25
    2020-04-01 $209,000 (6.2%) $227,872 (2.7%) 0.00 24
    2020-05-01 $203,000 (18.9%) $220,441 (4.1%) 0.00 24
    2020-06-01 $203,000 (24.0%) $214,566 (1.3%) 0.00 28
    2020-07-01 $189,225 (14.3%) $203,521 (2.6%) 0.00 31
    2020-08-01 $180,000 (9.8%) $185,367 (-4.3%) 0.00 28
    2020-09-01 $186,600 (13.0%) $183,928 (-2.8%) 0.00 27
    2020-10-01 $183,500 (11.4%) $180,068 (-3.4%) 0.00 28
    2020-11-01 $174,225 (3.4%) $179,077 (-7.1%) 0.00 30
    2020-12-01 $162,438 (-9.6%) $172,955 (-16.5%) 0.00 32
    2021-01-01 $177,475 (-2.0%) $178,096 (-15.8%) 0.00 29
    2021-02-01 $197,000 (3.8%) $193,318 (-11.2%) 0.00 30
    2021-03-01 $188,213 (-10.0%) $198,163 (-12.6%) 0.00 32
    2021-04-01 $170,000 (-18.7%) $183,813 (-19.3%) 0.00 26
    2021-05-01 $172,000 (-15.3%) $211,405 (-4.1%) 0.00 19
    2021-06-01 $175,000 (-13.8%) $218,212 (1.7%) 0.00 24
    2021-07-01 $180,975 (-4.4%) $268,311 (31.8%) 0.00 21
    2021-08-01 $204,200 (13.4%) $253,909 (37.0%) 0.00 23
    2021-09-01 $193,225 (3.6%) $267,412 (45.4%) 0.00 24
    2021-10-01 $209,950 (14.4%) $297,491 (65.2%) 0.00 26
    2021-11-01 $217,450 (24.8%) $316,497 (76.7%) 0.00 24
    2021-12-01 $224,725 (38.4%) $302,623 (75.0%) 0.00 28
    2022-01-01 $209,950 (18.3%) $283,812 (59.4%) 0.00 26
    2022-02-01 $215,213 (9.2%) $283,966 (46.9%) 0.00 27
    2022-03-01 $222,000 (18.0%) $263,432 (32.9%) 0.00 32
    2022-04-01 $219,950 (29.4%) $236,058 (28.4%) 0.00 36
    2022-05-01 $197,475 (14.8%) $225,838 (6.8%) 0.00 41
    2022-06-01 $210,738 (20.4%) $232,525 (6.6%) 0.00 37
    2022-07-01 $220,000 (21.6%) $250,671 (-6.6%) 0.00 44
    2022-08-01 $235,000 (15.1%) $266,702 (5.0%) 0.00 44
    2022-09-01 $238,713 (23.5%) $294,183 (10.0%) 0.00 46
    2022-10-01 $237,500 (13.1%) $306,001 (2.9%) 0.00 46
    2022-11-01 $241,250 (11.0%) $308,360 (-2.6%) 0.00 46
    2022-12-01 $257,000 (14.4%) $322,299 (6.5%) 0.00 45
    2023-01-01 $254,250 (21.1%) $332,092 (17.0%) 0.00 43
    2023-02-01 $263,188 (22.3%) $337,363 (18.8%) 0.00 45
    2023-03-01 $259,950 (17.1%) $326,850 (24.1%) 0.00 53
    2023-04-01 $259,950 (18.2%) $314,130 (33.1%) 0.00 58
    2023-05-01 $259,950 (31.6%) $315,223 (39.6%) 0.00 52
    2023-06-01 $259,950 (23.4%) $317,172 (36.4%) 0.00 49
    2023-07-01 $254,000 (15.5%) $297,066 (18.5%) 0.00 56
    2023-08-01 $239,988 (2.1%) $292,773 (9.8%) 0.00 56
    2023-09-01 $239,950 (0.5%) $293,260 (-0.3%) 0.00 56
    2023-10-01 $248,750 (4.7%) $303,736 (-0.7%) 0.00 55
    2023-11-01 $245,000 (1.6%) $300,816 (-2.5%) 0.00 57
    2023-12-01 $239,975 (-6.6%) $302,041 (-6.3%) 0.00 52
    2024-01-01 $229,963 (-9.6%) $269,306 (-18.9%) 0.00 54
    2024-02-01 $223,738 (-15.0%) $262,105 (-22.3%) 0.00 51
    2024-03-01 $217,475 (-16.3%) $266,958 (-18.3%) 0.00 44
    2024-04-01 $219,975 (-15.4%) $270,220 (-14.0%) 0.00 53
    2024-05-01 $213,750 (-17.8%) $260,918 (-17.2%) 0.00 60
    2024-06-01 $225,000 (-13.4%) $267,388 (-15.7%) 0.00 54
    2024-07-01 $219,500 (-13.6%) $267,053 (-10.1%) 0.00 53
    2024-08-01 $214,000 (-10.8%) $262,730 (-10.3%) 0.00 52
    2024-09-01 $218,000 (-9.2%) $265,701 (-9.4%) 0.00 49
    2024-10-01 $224,975 (-9.6%) $266,648 (-12.2%) 0.00 45
    2024-11-01 $222,500 (-9.2%) $232,221 (-22.8%) 0.00 49
    Hereford's median listing price for 2024-11-01 was $222,500, a difference of $-22,500 (-9.2%) versus the prior year and $-2,475 versus the prior month.

    Hereford's median listing price comes in at 0% of the national average.

    Hereford's average listing price for 2024-11-01 was $232,221, a difference of $-68,595 (-22.8%) versus the prior year and $-34,427 versus the prior month.

    For the 2024-11-01 period, Hereford had 49 MLS listings, a difference of 4 listings (9%) versus the prior month and -8 listings (-14%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Hereford (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 2,189 sqft
    2018-02-01 0 days 2,076 sqft
    2018-03-01 0 days 2,163 sqft
    2018-04-01 0 days 2,295 sqft
    2018-05-01 0 days 2,379 sqft
    2018-06-01 0 days 2,386 sqft
    2018-07-01 0 days 2,315 sqft
    2018-08-01 0 days 2,543 sqft
    2018-09-01 0 days 2,564 sqft
    2018-10-01 0 days 2,468 sqft
    2018-11-01 0 days 2,321 sqft
    2018-12-01 0 days 2,304 sqft
    2019-01-01 0 days 2,261 sqft
    2019-02-01 0 days 2,213 sqft
    2019-03-01 0 days 2,251 sqft
    2019-04-01 0 days 2,150 sqft
    2019-05-01 0 days 2,051 sqft
    2019-06-01 0 days 2,008 sqft
    2019-07-01 0 days 2,123 sqft
    2019-08-01 0 days 2,130 sqft
    2019-09-01 0 days 2,105 sqft
    2019-10-01 0 days 2,075 sqft
    2019-11-01 0 days 2,182 sqft
    2019-12-01 0 days 2,281 sqft
    2020-01-01 0 days 2,340 sqft
    2020-02-01 0 days 2,431 sqft
    2020-03-01 0 days 2,302 sqft
    2020-04-01 0 days 2,380 sqft
    2020-05-01 0 days 2,193 sqft
    2020-06-01 0 days 2,193 sqft
    2020-07-01 0 days 2,041 sqft
    2020-08-01 0 days 1,846 sqft
    2020-09-01 0 days 1,892 sqft
    2020-10-01 0 days 2,031 sqft
    2020-11-01 0 days 1,797 sqft
    2020-12-01 0 days 1,758 sqft
    2021-01-01 0 days 1,754 sqft
    2021-02-01 0 days 1,826 sqft
    2021-03-01 0 days 1,787 sqft
    2021-04-01 0 days 1,566 sqft
    2021-05-01 0 days 1,488 sqft
    2021-06-01 0 days 1,646 sqft
    2021-07-01 0 days 1,831 sqft
    2021-08-01 0 days 1,819 sqft
    2021-09-01 0 days 1,900 sqft
    2021-10-01 0 days 1,766 sqft
    2021-11-01 0 days 1,920 sqft
    2021-12-01 0 days 1,798 sqft
    2022-01-01 0 days 1,656 sqft
    2022-02-01 0 days 1,718 sqft
    2022-03-01 0 days 1,789 sqft
    2022-04-01 0 days 1,634 sqft
    2022-05-01 0 days 1,600 sqft
    2022-06-01 0 days 1,642 sqft
    2022-07-01 0 days 1,657 sqft
    2022-08-01 0 days 1,736 sqft
    2022-09-01 0 days 1,780 sqft
    2022-10-01 0 days 1,800 sqft
    2022-11-01 0 days 1,912 sqft
    2022-12-01 0 days 1,930 sqft
    2023-01-01 0 days 1,919 sqft
    2023-02-01 0 days 1,844 sqft
    2023-03-01 0 days 1,824 sqft
    2023-04-01 0 days 1,812 sqft
    2023-05-01 0 days 1,806 sqft
    2023-06-01 0 days 1,828 sqft
    2023-07-01 0 days 1,795 sqft
    2023-08-01 0 days 1,786 sqft
    2023-09-01 0 days 1,770 sqft
    2023-10-01 0 days 1,768 sqft
    2023-11-01 0 days 1,797 sqft
    2023-12-01 0 days 1,787 sqft
    2024-01-01 0 days 1,755 sqft
    2024-02-01 0 days 1,740 sqft
    2024-03-01 0 days 1,752 sqft
    2024-04-01 0 days 1,788 sqft
    2024-05-01 0 days 1,768 sqft
    2024-06-01 0 days 1,779 sqft
    2024-07-01 0 days 1,787 sqft
    2024-08-01 0 days 1,777 sqft
    2024-09-01 0 days 1,786 sqft
    2024-10-01 0 days 1,790 sqft
    2024-11-01 0 days 1,786 sqft
    Hereford's median listing age (time on market) for 2024-11-01 was 0 days.

    Hereford's median square footage for active listings during the 2024-11-01 period was 1,786 sqft. One year prior, the average listing was 1,797 sqft.