Houston USDA Loan Rates, Closing Costs & Stats
HOUSTON-THE WOODLANDS-SUGAR LAND, 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.
Houston's 51 lenders originated 165 USDA loans during 2022. The total origination value was $37,085,000, with an average USDA loan value of $224,758.
Houston USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Houston
averaged
6.06%
for the week of 2023-05-26, compared to the national average (all USDA variants) of
6.63% for the same period.
Houston's average USDA mortgage closing costs are $6,603.
The average rate for the prior week (2023-05-19) was
6.3% and
one month ago for the week of 2023-04-21, the
average rate was 6.11%.
The average rate one year ago was 5.03%.
For refis of the same type during the week of 2023-05-26, the average rate
was 5.25%.
Houston 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 Houston level.
The top Houston USDA lender as defined by loan originations is LOANDEPOT.COM, LLC, with
30 USDA loans originated. Their average total fees are
$9,716, which is $319
higher than the next largest lender,
UNITED WHOLESALE MORTGAGE, LLC.
The lowest fee Houston USDA lenders (with over 10 loans originated) are
LOANDEPOT.COM, LLC ($9,716), .
The lowest rate Houston USDA lenders (with over 10 loans originated) are
LOANDEPOT.COM, LLC (4.95%), .
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Houston (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $318,500 (2.8%) | $435,101 (2.9%) | 1.18 | 22,151 |
2018-02-01 | $321,500 (3.2%) | $442,053 (3.6%) | 1.17 | 22,076 |
2018-03-01 | $325,000 (2.6%) | $449,739 (3.5%) | 1.14 | 22,887 |
2018-04-01 | $329,000 (2.8%) | $456,442 (3.9%) | 1.12 | 24,826 |
2018-05-01 | $329,950 (3.1%) | $458,813 (4.5%) | 1.10 | 26,243 |
2018-06-01 | $329,000 (2.8%) | $455,935 (4.8%) | 1.10 | 27,668 |
2018-07-01 | $322,450 (2.4%) | $447,515 (4.7%) | 1.08 | 29,011 |
2018-08-01 | $319,179 (4.0%) | $440,004 (4.7%) | 1.07 | 29,414 |
2018-09-01 | $315,000 (2.3%) | $437,992 (3.3%) | 1.06 | 28,944 |
2018-10-01 | $312,635 (0.5%) | $436,691 (1.6%) | 1.06 | 28,677 |
2018-11-01 | $310,000 (-1.6%) | $436,923 (0.6%) | 1.05 | 28,131 |
2018-12-01 | $308,500 (-2.1%) | $432,833 (0.2%) | 1.06 | 27,035 |
2019-01-01 | $307,553 (-3.4%) | $431,463 (-0.8%) | 1.06 | 25,957 |
2019-02-01 | $310,000 (-3.6%) | $437,512 (-1.0%) | 1.05 | 26,232 |
2019-03-01 | $319,000 (-1.9%) | $449,995 (0.1%) | 1.06 | 26,665 |
2019-04-01 | $322,750 (-1.9%) | $456,576 (0.0%) | 1.02 | 27,866 |
2019-05-01 | $324,900 (-1.5%) | $457,913 (-0.2%) | 1.02 | 28,941 |
2019-06-01 | $322,900 (-1.9%) | $454,214 (-0.4%) | 1.01 | 30,294 |
2019-07-01 | $317,498 (-1.5%) | $446,881 (-0.1%) | 0.99 | 31,134 |
2019-08-01 | $319,000 (-0.1%) | $451,197 (2.5%) | 1.00 | 30,727 |
2019-09-01 | $318,250 (1.0%) | $453,129 (3.5%) | 1.00 | 27,511 |
2019-10-01 | $309,450 (-1.0%) | $441,481 (1.1%) | 1.00 | 29,044 |
2019-11-01 | $304,900 (-1.7%) | $440,436 (0.8%) | 1.00 | 28,189 |
2019-12-01 | $299,993 (-2.8%) | $438,357 (1.3%) | 1.00 | 26,378 |
2020-01-01 | $299,900 (-2.5%) | $439,589 (1.9%) | 1.00 | 25,042 |
2020-02-01 | $302,993 (-2.3%) | $444,785 (1.7%) | 0.99 | 25,095 |
2020-03-01 | $311,547 (-2.3%) | $453,253 (0.7%) | 0.98 | 25,888 |
2020-04-01 | $310,496 (-3.8%) | $449,070 (-1.6%) | 0.97 | 26,429 |
2020-05-01 | $319,000 (-1.8%) | $460,142 (0.5%) | 0.97 | 25,768 |
2020-06-01 | $325,000 (0.7%) | $477,817 (5.2%) | 0.96 | 23,772 |
2020-07-01 | $326,500 (2.8%) | $484,728 (8.5%) | 0.95 | 22,699 |
2020-08-01 | $329,000 (3.1%) | $492,141 (9.1%) | 0.94 | 21,824 |
2020-09-01 | $331,677 (4.2%) | $495,643 (9.4%) | 0.95 | 20,379 |
2020-10-01 | $332,500 (7.5%) | $494,415 (12.0%) | 0.95 | 19,732 |
2020-11-01 | $332,500 (9.1%) | $494,311 (12.2%) | 0.97 | 18,974 |
2020-12-01 | $329,320 (9.8%) | $492,213 (12.3%) | 0.98 | 17,584 |
2021-01-01 | $329,900 (10.0%) | $497,863 (13.3%) | 0.98 | 15,962 |
2021-02-01 | $332,500 (9.7%) | $507,744 (14.2%) | 0.97 | 14,096 |
2021-03-01 | $340,846 (9.4%) | $521,258 (15.0%) | 0.97 | 12,848 |
2021-04-01 | $349,450 (12.6%) | $538,642 (20.0%) | 0.95 | 12,167 |
2021-05-01 | $359,000 (12.5%) | $552,829 (20.1%) | 0.95 | 12,061 |
2021-06-01 | $365,000 (12.3%) | $554,443 (16.0%) | 0.96 | 13,417 |
2021-07-01 | $365,000 (11.8%) | $544,031 (12.2%) | 0.96 | 14,993 |
2021-08-01 | $361,743 (10.0%) | $526,256 (6.9%) | 0.96 | 16,345 |
2021-09-01 | $361,713 (9.1%) | $520,899 (5.1%) | 0.96 | 16,232 |
2021-10-01 | $359,990 (8.3%) | $518,401 (4.9%) | 0.96 | 15,644 |
2021-11-01 | $359,975 (8.3%) | $524,674 (6.1%) | 0.96 | 14,683 |
2021-12-01 | $359,950 (9.3%) | $522,051 (6.1%) | 0.98 | 13,422 |
2022-01-01 | $357,133 (8.3%) | $519,244 (4.3%) | 0.97 | 12,067 |
2022-02-01 | $361,574 (8.7%) | $530,657 (4.5%) | 0.94 | 11,034 |
2022-03-01 | $373,000 (9.4%) | $543,222 (4.2%) | 0.93 | 10,664 |
2022-04-01 | $389,900 (11.6%) | $558,544 (3.7%) | 0.93 | 10,993 |
2022-05-01 | $398,420 (11.0%) | $571,416 (3.4%) | 0.91 | 12,632 |
2022-06-01 | $399,000 (9.3%) | $561,373 (1.3%) | 0.89 | 14,881 |
2022-07-01 | $389,999 (6.9%) | $538,911 (-0.9%) | 0.88 | 18,405 |
2022-08-01 | $382,495 (5.7%) | $524,060 (-0.4%) | 0.88 | 20,119 |
2022-09-01 | $375,703 (3.9%) | $514,003 (-1.3%) | 0.88 | 20,436 |
2022-10-01 | $369,000 (2.5%) | $508,190 (-2.0%) | 0.87 | 20,807 |
2022-11-01 | $363,044 (0.9%) | $506,334 (-3.5%) | 0.87 | 21,190 |
2022-12-01 | $359,900 (0.0%) | $499,940 (-4.2%) | 0.89 | 20,044 |
2023-01-01 | $354,995 (-0.6%) | $496,010 (-4.5%) | 0.88 | 18,580 |
2023-02-01 | $358,250 (-0.9%) | $501,724 (-5.5%) | 0.86 | 17,766 |
2023-03-01 | $360,831 (-3.3%) | $508,103 (-6.5%) | 0.85 | 17,407 |
2023-04-01 | $372,000 (-4.6%) | $525,269 (-6.0%) | 0.87 | 17,137 |
Houston's median listing price comes in at 87% of the national average.
Houston's average listing price for 2023-04-01 was $525,269, a difference of $-33,275 (-6.0%) versus the prior year and $17,166 versus the prior month.
For the 2023-04-01 period, Houston had 17,137 MLS listings, a difference of -270 listings (-2%) versus the prior month and 6,144 listings (56%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Houston (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 74 days | 2,531 sqft |
2018-02-01 | 65 days | 2,531 sqft |
2018-03-01 | 49 days | 2,558 sqft |
2018-04-01 | 44 days | 2,569 sqft |
2018-05-01 | 43 days | 2,582 sqft |
2018-06-01 | 45 days | 2,584 sqft |
2018-07-01 | 51 days | 2,561 sqft |
2018-08-01 | 54 days | 2,539 sqft |
2018-09-01 | 59 days | 2,513 sqft |
2018-10-01 | 64 days | 2,496 sqft |
2018-11-01 | 64 days | 2,485 sqft |
2018-12-01 | 69 days | 2,469 sqft |
2019-01-01 | 74 days | 2,449 sqft |
2019-02-01 | 65 days | 2,451 sqft |
2019-03-01 | 54 days | 2,480 sqft |
2019-04-01 | 51 days | 2,497 sqft |
2019-05-01 | 51 days | 2,508 sqft |
2019-06-01 | 52 days | 2,512 sqft |
2019-07-01 | 53 days | 2,495 sqft |
2019-08-01 | 63 days | 2,494 sqft |
2019-09-01 | 66 days | 2,479 sqft |
2019-10-01 | 63 days | 2,432 sqft |
2019-11-01 | 64 days | 2,410 sqft |
2019-12-01 | 70 days | 2,390 sqft |
2020-01-01 | 76 days | 2,376 sqft |
2020-02-01 | 64 days | 2,380 sqft |
2020-03-01 | 54 days | 2,392 sqft |
2020-04-01 | 59 days | 2,384 sqft |
2020-05-01 | 65 days | 2,408 sqft |
2020-06-01 | 61 days | 2,423 sqft |
2020-07-01 | 53 days | 2,424 sqft |
2020-08-01 | 52 days | 2,408 sqft |
2020-09-01 | 60 days | 2,388 sqft |
2020-10-01 | 60 days | 2,348 sqft |
2020-11-01 | 60 days | 2,320 sqft |
2020-12-01 | 61 days | 2,283 sqft |
2021-01-01 | 60 days | 2,252 sqft |
2021-02-01 | 53 days | 2,218 sqft |
2021-03-01 | 58 days | 2,223 sqft |
2021-04-01 | 49 days | 2,230 sqft |
2021-05-01 | 45 days | 2,241 sqft |
2021-06-01 | 42 days | 2,254 sqft |
2021-07-01 | 41 days | 2,258 sqft |
2021-08-01 | 42 days | 2,242 sqft |
2021-09-01 | 47 days | 2,227 sqft |
2021-10-01 | 53 days | 2,210 sqft |
2021-11-01 | 55 days | 2,191 sqft |
2021-12-01 | 54 days | 2,160 sqft |
2022-01-01 | 62 days | 2,128 sqft |
2022-02-01 | 41 days | 2,108 sqft |
2022-03-01 | 38 days | 2,128 sqft |
2022-04-01 | 36 days | 2,147 sqft |
2022-05-01 | 33 days | 2,178 sqft |
2022-06-01 | 32 days | 2,199 sqft |
2022-07-01 | 34 days | 2,196 sqft |
2022-08-01 | 38 days | 2,181 sqft |
2022-09-01 | 46 days | 2,157 sqft |
2022-10-01 | 49 days | 2,141 sqft |
2022-11-01 | 52 days | 2,131 sqft |
2022-12-01 | 60 days | 2,114 sqft |
2023-01-01 | 64 days | 2,087 sqft |
2023-02-01 | 55 days | 2,080 sqft |
2023-03-01 | 49 days | 2,082 sqft |
2023-04-01 | 44 days | 2,093 sqft |
Houston's median square footage for active listings during the 2023-04-01 period was 2,093 sqft. One year prior, the average listing was 2,147 sqft.