Houston USDA Loans

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 5.27% for the week of 2022-08-05, compared to the national average (all USDA variants) of 5.294% for the same period.

The average rate for the prior week (2022-07-29) was 5.39% and one month ago for the week of 2022-07-01, the average rate was 5.53%.

The average rate one year ago was 3.31%.

For refis of the same type during the week of 2022-08-05, the average rate was 5.3%.

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 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. Total Fees
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 $318,218 (2.9%) $434,232 (3.1%) 1.17 22,542
2018-02-01 $321,792 (3.8%) $441,013 (4.0%) 1.16 22,496
2018-03-01 $325,000 (3.1%) $448,450 (3.7%) 1.12 23,396
2018-04-01 $329,106 (2.9%) $455,117 (4.1%) 1.10 25,319
2018-05-01 $329,929 (3.1%) $457,619 (4.7%) 1.10 26,750
2018-06-01 $329,000 (3.0%) $455,069 (5.1%) 1.10 28,186
2018-07-01 $323,780 (3.1%) $446,621 (5.0%) 1.08 29,519
2018-08-01 $319,450 (4.1%) $439,461 (5.0%) 1.07 29,954
2018-09-01 $317,500 (3.0%) $437,962 (3.8%) 1.06 29,436
2018-10-01 $314,900 (1.6%) $436,177 (1.9%) 1.05 29,161
2018-11-01 $310,000 (-1.6%) $436,193 (1.1%) 1.04 28,620
2018-12-01 $309,000 (-1.9%) $431,533 (0.4%) 1.06 27,464
2019-01-01 $309,450 (-2.8%) $431,363 (-0.7%) 1.07 26,390
2019-02-01 $311,598 (-3.2%) $437,425 (-0.8%) 1.04 26,579
2019-03-01 $318,728 (-1.9%) $447,895 (-0.1%) 1.04 27,229
2019-04-01 $324,356 (-1.4%) $456,595 (0.3%) 1.02 28,189
2019-05-01 $324,964 (-1.5%) $457,695 (0.0%) 1.00 29,249
2019-06-01 $324,000 (-1.5%) $454,060 (-0.2%) 1.00 30,548
2019-07-01 $318,000 (-1.8%) $446,609 (0.0%) 0.99 31,454
2019-08-01 $313,081 (-2.0%) $443,388 (0.9%) 0.99 30,486
2019-09-01 $310,008 (-2.4%) $441,639 (0.8%) 0.98 29,349
2019-10-01 $309,950 (-1.6%) $440,437 (1.0%) 0.99 29,288
2019-11-01 $305,000 (-1.6%) $440,568 (1.0%) 0.98 28,375
2019-12-01 $299,999 (-2.9%) $438,028 (1.5%) 1.00 26,651
2020-01-01 $299,990 (-3.1%) $442,408 (2.6%) 1.00 25,281
2020-02-01 $305,000 (-2.1%) $449,159 (2.7%) 0.98 25,308
2020-03-01 $314,998 (-1.2%) $457,919 (2.2%) 0.98 26,182
2020-04-01 $314,990 (-2.9%) $453,195 (-0.7%) 0.98 26,805
2020-05-01 $320,000 (-1.5%) $463,552 (1.3%) 0.97 25,914
2020-06-01 $328,084 (1.3%) $482,952 (6.4%) 0.96 23,939
2020-07-01 $327,923 (3.1%) $485,403 (8.7%) 0.94 22,833
2020-08-01 $329,900 (5.4%) $494,085 (11.4%) 0.94 21,926
2020-09-01 $339,950 (9.7%) $510,845 (15.7%) 0.97 20,467
2020-10-01 $340,480 (9.9%) $510,746 (16.0%) 0.97 19,718
2020-11-01 $340,000 (11.5%) $510,543 (15.9%) 0.97 19,036
2020-12-01 $334,500 (11.5%) $500,863 (14.4%) 0.98 17,674
2021-01-01 $330,000 (10.0%) $499,078 (12.8%) 0.97 15,938
2021-02-01 $334,559 (9.7%) $508,113 (13.1%) 0.96 14,129
2021-03-01 $341,450 (8.4%) $521,481 (13.9%) 0.96 12,808
2021-04-01 $349,700 (11.0%) $539,757 (19.1%) 0.94 12,133
2021-05-01 $359,900 (12.5%) $554,489 (19.6%) 0.95 12,060
2021-06-01 $366,052 (11.6%) $556,646 (15.3%) 0.95 13,451
2021-07-01 $366,041 (11.6%) $545,427 (12.4%) 0.95 14,756
2021-08-01 $363,780 (10.3%) $526,524 (6.6%) 0.96 16,354
2021-09-01 $364,253 (7.2%) $521,905 (2.2%) 0.96 16,293
2021-10-01 $360,000 (5.7%) $519,609 (1.7%) 0.95 15,727
2021-11-01 $361,600 (6.4%) $525,366 (2.9%) 0.95 14,741
2021-12-01 $359,995 (7.6%) $521,480 (4.1%) 0.96 13,465
2022-01-01 $357,655 (8.4%) $519,234 (4.0%) 0.95 12,059
2022-02-01 $362,494 (8.4%) $530,947 (4.5%) 0.92 11,026
2022-03-01 $373,733 (9.5%) $542,520 (4.0%) 0.92 10,603
2022-04-01 $389,900 (11.5%) $559,761 (3.7%) 0.92 10,865
2022-05-01 $399,000 (10.9%) $574,175 (3.6%) 0.89 12,575
2022-06-01 $399,250 (9.1%) $564,146 (1.4%) 0.89 14,812
Houston's median listing price for 2022-06-01 was $399,250, a difference of $33,198 (9.1%) versus the prior year and $250 versus the prior month.

Houston's median listing price comes in at 89% of the national average.

Houston's average listing price for 2022-06-01 was $564,146, a difference of $7,500 (1.4%) versus the prior year and $-10,029 versus the prior month.

For the 2022-06-01 period, Houston had 14,812 MLS listings, a difference of 2,237 listings (18%) versus the prior month and 1,361 listings (10%) 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 2,529 sqft
2018-02-01 65 days 2,523 sqft
2018-03-01 49 days 2,557 sqft
2018-04-01 45 days 2,568 sqft
2018-05-01 43 days 2,582 sqft
2018-06-01 45 days 2,580 sqft
2018-07-01 52 days 2,560 sqft
2018-08-01 54 days 2,536 sqft
2018-09-01 59 days 2,511 sqft
2018-10-01 64 days 2,492 sqft
2018-11-01 64 days 2,481 sqft
2018-12-01 69 days 2,464 sqft
2019-01-01 74 days 2,447 sqft
2019-02-01 66 days 2,447 sqft
2019-03-01 55 days 2,468 sqft
2019-04-01 51 days 2,491 sqft
2019-05-01 51 days 2,503 sqft
2019-06-01 52 days 2,504 sqft
2019-07-01 53 days 2,489 sqft
2019-08-01 57 days 2,459 sqft
2019-09-01 60 days 2,434 sqft
2019-10-01 63 days 2,424 sqft
2019-11-01 64 days 2,403 sqft
2019-12-01 69 days 2,384 sqft
2020-01-01 71 days 2,366 sqft
2020-02-01 58 days 2,368 sqft
2020-03-01 49 days 2,386 sqft
2020-04-01 55 days 2,377 sqft
2020-05-01 63 days 2,400 sqft
2020-06-01 57 days 2,419 sqft
2020-07-01 52 days 2,420 sqft
2020-08-01 50 days 2,413 sqft
2020-09-01 50 days 2,402 sqft
2020-10-01 50 days 2,363 sqft
2020-11-01 50 days 2,328 sqft
2020-12-01 55 days 2,287 sqft
2021-01-01 60 days 2,248 sqft
2021-02-01 52 days 2,214 sqft
2021-03-01 51 days 2,222 sqft
2021-04-01 43 days 2,227 sqft
2021-05-01 38 days 2,242 sqft
2021-06-01 37 days 2,256 sqft
2021-07-01 36 days 2,255 sqft
2021-08-01 37 days 2,240 sqft
2021-09-01 42 days 2,227 sqft
2021-10-01 45 days 2,207 sqft
2021-11-01 47 days 2,186 sqft
2021-12-01 52 days 2,158 sqft
2022-01-01 56 days 2,128 sqft
2022-02-01 43 days 2,107 sqft
2022-03-01 39 days 2,124 sqft
2022-04-01 36 days 2,149 sqft
2022-05-01 35 days 2,178 sqft
2022-06-01 33 days 2,199 sqft
Houston's median listing age (time on market) for 2022-06-01 was 33 days. This is -11% shorter than the same period one year ago.

Houston's median square footage for active listings during the 2022-06-01 period was 2,199 sqft. One year prior, the average listing was 2,256 sqft.