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 49 lenders originated 149 USDA loans during 2024. The total origination value was $35,195,000, with an average USDA loan value of $236,208.

Houston USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Houston averaged -0.11% for the week of 2025-06-20, compared to the national average (all USDA variants) of 0% for the same period.

Houston's average USDA mortgage closing costs are $6,861.

The average rate for the prior week (2025-06-13) was 6.39% and one month ago for the week of 2025-05-16, the average rate was 6.45%.

The average rate one year ago was 6.57%.

For refis of the same type during the week of 2025-06-20, the average rate was -0.24%.

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 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
DHI MORTGAGE COMPANY, LTD. 28 4.98% $6,116
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 8 6.53% $8,161
Paramount Residential Mortgage Group, Inc. 8 6.45% $10,117
Equity Prime Mortgage LLC 7 6.41% $7,996
UNITED WHOLESALE MORTGAGE, LLC 6 5.92% $10,787
VELOCIO MORTGAGE L.L.C. 5 4.69% $7,641
CORNERSTONE HOME LENDING, INC. 4 5.90% $7,657
NATIONS RELIABLE LENDING, LLC 4 6.50% $9,135
EAGLE HOME MORTGAGE, LLC 4 4.62% $6,881
PULTE MORTGAGE LLC 4 5.19% $3,909
INSPIRE HOME LOANS INC. 4 4.81% $7,585
Plains Commerce Bank 3 6.25% $9,203
EUSTIS AND AMERICAN MORTGAGE COMPANY 2 6.13% $6,943
K. HOVNANIAN AMERICAN MORTGAGE, L.L.C. 2 4.62% $8,594
LOANDEPOT.COM, LLC 2 6.56% $5,532
ARK-LA-TEX FINANCIAL SERVICES, LLC. 2 6.19% $5,621
GUILD MORTGAGE COMPANY 2 5.75% $7,541
NEWREZ LLC 2 6.19% $8,405
V.I.P. MORTGAGE, INC. 2 6.19% $13,693
BAY EQUITY LLC 2 6.88% $7,251
PRIMELENDING, A PLAINSCAPITAL COMPANY 2 6.63% $9,354
SECURITYNATIONAL MORTGAGE COMPANY 1 7.88% $8,858
SOUTHWEST FUNDING, LP 1 6.75% $7,342
SWBC MORTGAGE CORPORATION 1 5.75% $4,204
T2 FINANCIAL LLC 1 6.25% $12,784
The Loan Store, Inc. 1 7.25% $6,912
UNION HOME MORTGAGE CORP. 1 6.13% $9,971
1ST SIGNATURE LENDING, LLC 1 6.25% $17,191
Wallick & Volk, Inc. 1 5.50% $6,768
AMERICAN FINANCIAL NETWORK, INC. 1 6.88% $10,128
BROKER SOLUTIONS, INC. 1 6.50% $11,911
CARDINAL FINANCIAL 1 6.25% $7,737
CMG MORTGAGE, INC. 1 6.25% $10,259
DEVELOPER'S MORTGAGE COMPANY 1 5.50% $8,550
Flagstar Bank, FSB 1 6.75% $5,928
GENEVA FINANCIAL, LLC 1 6.63% $11,079
Goldwater Bank, N.A. 1 6.50% $6,236
GUARANTEED RATE, INC. 1 6.63% $7,109
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 1 6.50% $9,266
Independent Bank 1 6.75% $8,436
JMAC LENDING, INC. 1 6.00% $6,800
KBHS HOME LOANS, LLC 1 5.88% $6,548
LOANPEOPLE, LLC 1 6.50% $9,352
Magnolia Bank 1 6.13% $8,284
MORTGAGE SOLUTIONS OF COLORADO, LLC 1 7.75% $6,204
MUTUAL OF OMAHA MORTGAGE, INC. 1 6.25% $9,218
NFM, INC. 1 6.13% $10,115
PLAZA HOME MORTGAGE, INC. 1 5.99% $9,898
S1L, Inc. 1 6.63% $5,858

The top Houston USDA lender as defined by loan originations is DHI MORTGAGE COMPANY, LTD., with 28 USDA loans originated. Their average total fees are $6,116, which is $2,046 lower than the next largest lender, FAIRWAY INDEPENDENT MORTGAGE CORPORATION.

The lowest fee Houston USDA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. ($6,116), .

The lowest rate Houston USDA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (4.98%), .