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 77 lenders originated 410 USDA loans during 2021. The total origination value was $91,040,000, with an average USDA loan value of $222,049.

Houston USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Houston averaged 0.07% for the week of 2022-11-25, compared to the national average (all USDA variants) of 0% for the same period.

Houston's average USDA mortgage closing costs are $6,378.

The average rate for the prior week (2022-11-18) was 6.42% and one month ago for the week of 2022-10-21, the average rate was 7.14%.

The average rate one year ago was 3.48%.

For refis of the same type during the week of 2022-11-25, the average rate was -0.29%.

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

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.

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
LOANDEPOT.COM, LLC 69 3.18% $6,972
AMCAP MORTGAGE, LTD. 34 2.80% $8,392
DHI MORTGAGE COMPANY, LTD. 32 2.60% $5,753
INSPIRE HOME LOANS INC. 20 3.04% $6,354
CALCON MUTUAL MORTGAGE LLC 17 3.15% $7,488
CORNERSTONE HOME LENDING, INC. 13 3.19% $8,247
MID AMERICA MORTGAGE, INC. 10 3.08% $4,832
CMG MORTGAGE, INC. 9 2.89% $8,085
INTERLINC MORTGAGE SERVICES, LLC 8 2.94% $5,349
GUARANTEED RATE, INC. 8 3.38% $7,310
Flagstar Bank, FSB 8 2.86% $7,020
ARK-LA-TEX FINANCIAL SERVICES, LLC. 7 2.75% $4,493
PULTE MORTGAGE LLC 7 2.86% $2,614
PENNYMAC LOAN SERVICES, LLC 7 2.89% $5,255
NATIONS RELIABLE LENDING, LLC 7 3.02% $7,624
EAGLE HOME MORTGAGE, LLC 6 3.13% $7,220
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 6 3.14% $7,974
THRIVE MORTGAGE, LLC 6 2.94% $7,348
PLAZA HOME MORTGAGE, INC. 5 2.98% $8,009
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 5 3.28% $7,782
Colten Mortgage, LLC 5 2.75% $4,910
CROSSCOUNTRY MORTGAGE, LLC 4 3.22% $7,205
EUSTIS AND AMERICAN MORTGAGE COMPANY 4 2.56% $5,153
MORTGAGE FINANCIAL SERVICES, LLC 4 2.84% $7,240
HOMEBRIDGE FINANCIAL SERVICES, INC. 4 2.50% $6,403
First Guaranty Mortgage Corporation 4 3.22% $9,093
PRIMELENDING, A PLAINSCAPITAL COMPANY 3 3.50% $7,454
CALIBER HOME LOANS, INC. 3 3.04% $6,476
HOME POINT FINANCIAL CORPORATION 3 2.91% $6,347
Gateway First Bank 3 3.17% $5,874
Paramount Residential Mortgage Group, Inc. 3 3.04% $6,187
MOVEMENT MORTGAGE, LLC 3 2.96% $7,037
FREEDOM MORTGAGE CORPORATION 3 2.92% $10,460
CHERRY CREEK MORTGAGE, LLC 3 2.58% $3,446
Nations Lending Corporation 2 2.88% $5,462
ADVISA MORTGAGE SERVICES, LTD. 2 3.00% $4,109
AMERICAN FINANCIAL RESOURCES, INC. 2 3.75% $7,561
Citizens Bank 2 2.75% $7,029
ENVOY MORTGAGE, LTD 2 3.19% $7,785
FIRST CONTINENTAL MORTGAGE, LTD. 2 3.06% $5,656
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 2 3.06% $6,454
M/I FINANCIAL, LLC 2 3.06% $7,214
MUTUAL OF OMAHA MORTGAGE, INC. 2 2.38% $5,302
ACADEMY MORTGAGE CORPORATION 2 3.44% $8,529
OPEN MORTGAGE, LLC 2 2.75% $4,331
PRIMARY RESIDENTIAL MORTGAGE, INC. 2 3.31% $9,595
SOUTHWEST FUNDING, LP 2 2.94% $10,074
Trinity Oaks Mortgage, LLC 2 2.75% $6,310
KBHS HOME LOANS, LLC 1 3.38% $7,701
LAKEVIEW LOAN SERVICING, LLC 1 3.38% $3,638
Goldwater Bank, N.A. 1 3.38% $6,484
MICHIGAN MUTUAL, INC. 1 3.13% $8,961
GENEVA FINANCIAL, LLC 1 2.88% $6,652
SUN WEST MORTGAGE COMPANY, INC. 1 3.75% $4,998
Flanagan State Bank 1 3.63% $10,410
MORTGAGE SOLUTIONS OF COLORADO, LLC 1 2.75% $9,085
First United Bank and Trust Company 1 2.25% $6,882
SWBC MORTGAGE CORPORATION 1 3.38% $8,752
AMERICAN FINANCIAL NETWORK, INC. 1 2.25% $5,895
FIRST SERVICE Credit Union 1 2.75% $4,866
Northpointe Bank 1 2.63% $7,716
TJC Mortgage, Inc. 1 2.75% $6,370
FINANCE OF AMERICA MORTGAGE LLC 1 3.38% $7,214
Equity Prime Mortgage LLC 1 2.88% $5,630
CLM MORTGAGE, INC 1 2.25% $6,738
Victorian Finance, LLC 1 3.00% $5,887
Carrington Mortgage Services, LLC 1 4.13% $5,276
Assurance Financial Group, L.L.C. 1 2.75% $6,127
SFMC, LP 1 3.63% $9,005
Trustmark National Bank 1 2.88% $6,584
HANCOCK MORTGAGE PARTNERS, LLC 1 3.75% $4,491
HOMESTEAD FUNDING CORP. 1 3.13% $2,467
Hometown Equity Mortgage, LLC 1 2.38% $7,875
Independent Bank 1 3.25% $6,912
GUILD MORTGAGE COMPANY 1 2.88% $10,609
GREAT WESTERN FINANCIAL SERVICES, INC. 1 2.88% $7,103
Ixonia Bank 1 3.25% $8,026

The top Houston USDA lender as defined by loan originations is LOANDEPOT.COM, LLC, with 69 USDA loans originated. Their average total fees are $6,972, which is $1,420 lower than the next largest lender, AMCAP MORTGAGE, LTD..

The lowest fee Houston USDA lenders (with over 10 loans originated) are MID AMERICA MORTGAGE, INC. ($4,832), DHI MORTGAGE COMPANY, LTD. ($5,753), INSPIRE HOME LOANS INC. ($6,354), LOANDEPOT.COM, LLC ($6,972) and CALCON MUTUAL MORTGAGE LLC ($7,488).

The lowest rate Houston USDA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (2.60%), AMCAP MORTGAGE, LTD. (2.80%), INSPIRE HOME LOANS INC. (3.04%), MID AMERICA MORTGAGE, INC. (3.08%) and CALCON MUTUAL MORTGAGE LLC (3.15%).


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Houston (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 $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%) $449,747 (3.5%) 1.14 22,888
2018-04-01 $329,000 (2.8%) $456,449 (3.9%) 1.12 24,827
2018-05-01 $329,950 (3.1%) $458,819 (4.5%) 1.10 26,244
2018-06-01 $329,000 (2.8%) $455,942 (4.8%) 1.10 27,669
2018-07-01 $322,450 (2.4%) $447,522 (4.7%) 1.08 29,012
2018-08-01 $319,200 (4.0%) $440,015 (4.7%) 1.07 29,415
2018-09-01 $315,000 (2.3%) $437,999 (3.3%) 1.06 28,945
2018-10-01 $312,645 (0.5%) $436,698 (1.6%) 1.06 28,678
2018-11-01 $310,000 (-1.6%) $436,936 (0.7%) 1.05 28,131
2018-12-01 $308,500 (-2.1%) $432,840 (0.2%) 1.06 27,036
2019-01-01 $307,556 (-3.4%) $431,471 (-0.8%) 1.06 25,958
2019-02-01 $310,000 (-3.6%) $437,520 (-1.0%) 1.05 26,233
2019-03-01 $317,211 (-2.4%) $448,046 (-0.4%) 1.04 26,958
2019-04-01 $322,747 (-1.9%) $456,547 (0.0%) 1.02 27,877
2019-05-01 $324,900 (-1.5%) $457,834 (-0.2%) 1.02 28,962
2019-06-01 $322,843 (-1.9%) $454,118 (-0.4%) 1.01 30,320
2019-07-01 $317,495 (-1.5%) $446,771 (-0.2%) 0.99 31,163
2019-08-01 $313,609 (-1.8%) $444,074 (0.9%) 0.99 30,584
2019-09-01 $311,523 (-1.1%) $442,415 (1.0%) 1.00 29,797
2019-10-01 $309,450 (-1.0%) $441,308 (1.1%) 1.00 29,092
2019-11-01 $304,500 (-1.8%) $440,263 (0.8%) 1.00 28,224
2019-12-01 $299,992 (-2.8%) $438,176 (1.2%) 1.00 26,414
2020-01-01 $299,900 (-2.5%) $439,390 (1.8%) 1.00 25,079
2020-02-01 $302,990 (-2.3%) $444,578 (1.6%) 0.99 25,133
2020-03-01 $311,450 (-1.8%) $453,047 (1.1%) 0.98 25,925
2020-04-01 $310,495 (-3.8%) $448,921 (-1.7%) 0.97 26,467
2020-05-01 $319,000 (-1.8%) $459,970 (0.5%) 0.97 25,807
2020-06-01 $325,000 (0.7%) $477,605 (5.2%) 0.96 23,812
2020-07-01 $326,495 (2.8%) $484,498 (8.4%) 0.95 22,739
2020-08-01 $329,000 (4.9%) $491,885 (10.8%) 0.94 21,862
2020-09-01 $330,975 (6.2%) $495,362 (12.0%) 0.95 20,417
2020-10-01 $331,596 (7.2%) $494,118 (12.0%) 0.95 19,769
2020-11-01 $332,195 (9.1%) $494,012 (12.2%) 0.97 19,011
2020-12-01 $329,250 (9.8%) $491,901 (12.3%) 0.98 17,619
2021-01-01 $329,900 (10.0%) $497,505 (13.2%) 0.98 15,997
2021-02-01 $332,500 (9.7%) $507,358 (14.1%) 0.97 14,130
2021-03-01 $340,183 (9.2%) $520,802 (15.0%) 0.97 12,881
2021-04-01 $349,450 (12.6%) $538,189 (19.9%) 0.95 12,202
2021-05-01 $358,000 (12.2%) $552,314 (20.1%) 0.95 12,095
2021-06-01 $365,000 (12.3%) $554,074 (16.0%) 0.96 13,449
2021-07-01 $365,000 (11.8%) $543,757 (12.2%) 0.96 15,013
2021-08-01 $361,658 (9.9%) $526,011 (6.9%) 0.96 16,359
2021-09-01 $361,291 (9.2%) $520,671 (5.1%) 0.96 16,257
2021-10-01 $359,900 (8.5%) $518,150 (4.9%) 0.96 15,671
2021-11-01 $359,950 (8.4%) $524,342 (6.1%) 0.96 14,713
2021-12-01 $359,945 (9.3%) $521,699 (6.1%) 0.98 13,454
2022-01-01 $356,863 (8.2%) $518,804 (4.3%) 0.96 12,042
2022-02-01 $361,400 (8.7%) $530,114 (4.5%) 0.94 11,074
2022-03-01 $372,500 (9.5%) $542,618 (4.2%) 0.93 10,703
2022-04-01 $389,659 (11.5%) $557,886 (3.7%) 0.93 11,034
2022-05-01 $397,950 (11.2%) $570,832 (3.4%) 0.91 12,671
2022-06-01 $398,750 (9.3%) $560,891 (1.2%) 0.89 14,921
2022-07-01 $389,990 (6.9%) $538,567 (-1.0%) 0.88 18,446
2022-08-01 $382,495 (5.8%) $523,787 (-0.4%) 0.88 20,156
2022-09-01 $375,495 (3.9%) $513,728 (-1.3%) 0.88 20,469
2022-10-01 $369,000 (2.5%) $507,988 (-2.0%) 0.87 20,844
Houston's median listing price for 2022-10-01 was $369,000, a difference of $9,100 (2.5%) versus the prior year and $-6,495 versus the prior month.

Houston's median listing price comes in at 87% of the national average.

Houston's average listing price for 2022-10-01 was $507,988, a difference of $-10,162 (-2.0%) versus the prior year and $-5,740 versus the prior month.

For the 2022-10-01 period, Houston had 20,844 MLS listings, a difference of 375 listings (2%) versus the prior month and 5,173 listings (33%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Houston (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date 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 2,450 sqft
2019-03-01 55 days 2,471 sqft
2019-04-01 51 days 2,497 sqft
2019-05-01 51 days 2,507 sqft
2019-06-01 53 days 2,512 sqft
2019-07-01 53 days 2,495 sqft
2019-08-01 56 days 2,471 sqft
2019-09-01 59 days 2,450 sqft
2019-10-01 62 days 2,432 sqft
2019-11-01 64 days 2,410 sqft
2019-12-01 70 days 2,389 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 2,423 sqft
2020-08-01 52 days 2,408 sqft
2020-09-01 60 days 2,388 sqft
2020-10-01 60 days 2,347 sqft
2020-11-01 60 days 2,320 sqft
2020-12-01 61 days 2,282 sqft
2021-01-01 60 days 2,251 sqft
2021-02-01 53 days 2,218 sqft
2021-03-01 58 days 2,222 sqft
2021-04-01 49 days 2,230 sqft
2021-05-01 46 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 2,241 sqft
2021-09-01 47 days 2,227 sqft
2021-10-01 53 days 2,210 sqft
2021-11-01 56 days 2,191 sqft
2021-12-01 54 days 2,161 sqft
2022-01-01 63 days 2,128 sqft
2022-02-01 41 days 2,109 sqft
2022-03-01 38 days 2,128 sqft
2022-04-01 36 days 2,148 sqft
2022-05-01 33 days 2,179 sqft
2022-06-01 32 days 2,200 sqft
2022-07-01 34 days 2,198 sqft
2022-08-01 38 days 2,182 sqft
2022-09-01 46 days 2,158 sqft
2022-10-01 49 days 2,142 sqft
Houston's median listing age (time on market) for 2022-10-01 was 49 days. This is -8% shorter than the same period one year ago.

Houston's median square footage for active listings during the 2022-10-01 period was 2,142 sqft. One year prior, the average listing was 2,210 sqft.