Houston USDA Loan Rates, Closing Costs & Stats

HOUSTON-THE WOODLANDS-SUGAR LAND, TX

  • JUMP TO:
  • Trends
  • Rates vs Fees
  • Top Lenders
  • Markets
  • Market Conditions & Pricing
  • Time on Market/Property Size

    • 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 48 lenders originated 109 USDA loans during 2023. The total origination value was $26,635,000, with an average USDA loan value of $244,358.

    Houston USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Houston averaged 6.7% for the week of 2024-04-19, compared to the national average (all USDA variants) of 6.863% for the same period.

    Houston's average USDA mortgage closing costs are $6,755.

    The average rate for the prior week (2024-04-12) was 6.35% and one month ago for the week of 2024-03-15, the average rate was 6.33%.

    The average rate one year ago was 6.17%.

    For refis of the same type during the week of 2024-04-19, the average rate was 7.08%.

    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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    LOANDEPOT.COM, LLC 16 5.75% $10,259
    DHI MORTGAGE COMPANY, LTD. 9 4.98% $7,258
    UNITED WHOLESALE MORTGAGE, LLC 7 5.85% $11,910
    PULTE MORTGAGE LLC 5 5.55% $3,695
    BancorpSouth 4 6.38% $8,272
    CORNERSTONE HOME LENDING, INC. 4 5.53% $10,257
    AMCAP MORTGAGE, LTD. 3 6.46% $10,179
    Flagstar Bank, FSB 3 6.83% $9,030
    PLAZA HOME MORTGAGE, INC. 3 5.79% $9,836
    PRIMELENDING, A PLAINSCAPITAL COMPANY 3 6.21% $9,566
    METROPLEX MORTGAGE SERVICES, INC. 3 7.17% $7,096
    K. HOVNANIAN AMERICAN MORTGAGE, L.L.C. 2 6.44% $12,209
    Plains Commerce Bank 2 5.13% $14,995
    EAGLE HOME MORTGAGE, LLC 2 4.87% $5,762
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 6.63% $11,139
    MORTGAGE SOLUTIONS OF COLORADO, LLC 2 5.81% $7,403
    UNION HOME MORTGAGE CORP. 2 6.63% $7,929
    GUILD MORTGAGE COMPANY 2 6.13% $9,300
    Century Mortgage Company DBA Century Lending Company 2 6.69% $8,929
    Network Funding, L.P. 1 6.13% $7,248
    NEWREZ LLC 1 7.25% $4,368
    Paramount Residential Mortgage Group, Inc. 1 6.00% $15,290
    PLANET HOME LENDING, LLC 1 6.00% $9,932
    PNC Bank 1 7.75% $4,206
    Republic State Mortgage Co. 1 6.75% $2,600
    Stride Bank 1 7.25% $10,292
    SUN WEST MORTGAGE COMPANY, INC. 1 5.13% $11,592
    T2 FINANCIAL LLC 1 6.00% $10,706
    THRIVE MORTGAGE, LLC 1 6.13% $7,906
    VILLAGE CAPITAL MORTGAGE 1 6.88% $12,333
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 5.50% $6,214
    CARDINAL FINANCIAL 1 5.75% $6,648
    Citizens Bank 1 5.13% $9,484
    CMG MORTGAGE, INC. 1 6.25% $7,665
    DRAPER AND KRAMER MORTGAGE CORP. 1 6.88% $10,753
    DSLD MORTGAGE, LLC 1 5.88% $13,302
    ENVOY MORTGAGE, LTD 1 6.00% $9,535
    Equity Prime Mortgage LLC 1 5.88% $11,696
    EUSTIS AND AMERICAN MORTGAGE COMPANY 1 6.25% $8,421
    EVERETT FINANCIAL, INC. 1 6.50% $8,261
    First United Bank and Trust Company 1 7.38% $6,632
    Goldwater Bank, N.A. 1 6.50% $8,970
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 1 6.13% $10,481
    INSPIRE HOME LOANS INC. 1 5.75% $7,372
    INTERLINC MORTGAGE SERVICES, LLC 1 7.62% $1,859
    M/I FINANCIAL, LLC 1 6.38% $8,070
    MUTUAL OF OMAHA MORTGAGE, INC. 1 6.13% $6,056
    Nations Lending Corporation 1 6.63% $4,840

    The top Houston USDA lender as defined by loan originations is LOANDEPOT.COM, LLC, with 16 USDA loans originated. Their average total fees are $10,259, which is $3,001 higher than the next largest lender, DHI MORTGAGE COMPANY, LTD..

    The lowest fee Houston USDA lenders (with over 10 loans originated) are LOANDEPOT.COM, LLC ($10,259), .

    The lowest rate Houston USDA lenders (with over 10 loans originated) are LOANDEPOT.COM, LLC (5.75%), .

    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 $318,495 (2.8%) $434,988 (2.9%) 1.18 22,158
    2018-02-01 $321,450 (3.2%) $441,899 (3.6%) 1.17 22,088
    2018-03-01 $325,000 (2.7%) $449,611 (3.5%) 1.14 22,895
    2018-04-01 $328,999 (2.8%) $456,334 (3.9%) 1.12 24,834
    2018-05-01 $329,939 (3.1%) $458,684 (4.5%) 1.10 26,251
    2018-06-01 $329,000 (2.8%) $455,818 (4.8%) 1.10 27,677
    2018-07-01 $322,450 (2.4%) $447,415 (4.6%) 1.08 29,017
    2018-08-01 $319,083 (3.9%) $439,888 (4.7%) 1.07 29,425
    2018-09-01 $315,000 (2.3%) $437,886 (3.3%) 1.06 28,955
    2018-10-01 $312,500 (0.5%) $436,561 (1.5%) 1.06 28,692
    2018-11-01 $310,000 (-1.6%) $436,824 (0.6%) 1.05 28,143
    2018-12-01 $308,157 (-2.2%) $432,749 (0.2%) 1.06 27,043
    2019-01-01 $307,500 (-3.5%) $431,378 (-0.8%) 1.06 25,967
    2019-02-01 $310,000 (-3.6%) $437,446 (-1.0%) 1.05 26,238
    2019-03-01 $317,090 (-2.4%) $447,991 (-0.4%) 1.04 26,956
    2019-04-01 $322,722 (-1.9%) $456,544 (0.1%) 1.02 27,862
    2019-05-01 $324,900 (-1.5%) $457,864 (-0.2%) 1.02 28,941
    2019-06-01 $322,787 (-1.9%) $454,154 (-0.4%) 1.01 30,303
    2019-07-01 $317,495 (-1.5%) $446,753 (-0.2%) 0.99 31,152
    2019-08-01 $313,609 (-1.7%) $444,089 (1.0%) 0.99 30,569
    2019-09-01 $311,523 (-1.1%) $442,461 (1.0%) 1.00 29,778
    2019-10-01 $309,450 (-1.0%) $441,376 (1.1%) 1.00 29,069
    2019-11-01 $304,500 (-1.8%) $440,352 (0.8%) 1.00 28,200
    2019-12-01 $299,993 (-2.7%) $438,261 (1.3%) 1.00 26,390
    2020-01-01 $299,900 (-2.5%) $439,509 (1.9%) 1.00 25,051
    2020-02-01 $302,990 (-2.3%) $444,683 (1.7%) 0.99 25,107
    2020-03-01 $311,450 (-1.8%) $453,156 (1.2%) 0.98 25,899
    2020-04-01 $310,495 (-3.8%) $448,967 (-1.7%) 0.97 26,439
    2020-05-01 $319,000 (-1.8%) $460,046 (0.5%) 0.97 25,776
    2020-06-01 $325,000 (0.7%) $477,682 (5.2%) 0.96 23,777
    2020-07-01 $326,500 (2.8%) $484,639 (8.5%) 0.95 22,707
    2020-08-01 $329,000 (4.9%) $492,013 (10.8%) 0.94 21,833
    2020-09-01 $331,275 (6.3%) $495,529 (12.0%) 0.95 20,386
    2020-10-01 $332,500 (7.5%) $494,415 (12.0%) 0.95 19,738
    2020-11-01 $332,500 (9.2%) $494,204 (12.2%) 0.97 18,984
    2020-12-01 $329,250 (9.8%) $492,079 (12.3%) 0.98 17,592
    2021-01-01 $329,990 (10.0%) $497,411 (13.2%) 0.99 15,966
    2021-02-01 $332,500 (9.7%) $507,011 (14.0%) 0.97 14,100
    2021-03-01 $340,800 (9.4%) $521,078 (15.0%) 0.97 12,851
    2021-04-01 $349,450 (12.6%) $538,424 (19.9%) 0.95 12,168
    2021-05-01 $359,000 (12.5%) $552,716 (20.1%) 0.95 12,062
    2021-06-01 $364,950 (12.3%) $554,119 (16.0%) 0.96 13,417
    2021-07-01 $365,000 (11.8%) $543,548 (12.2%) 0.96 14,996
    2021-08-01 $361,713 (9.9%) $526,069 (6.9%) 0.96 16,347
    2021-09-01 $361,250 (9.1%) $520,459 (5.0%) 0.96 16,238
    2021-10-01 $359,900 (8.2%) $517,888 (4.8%) 0.96 15,649
    2021-11-01 $359,950 (8.3%) $524,446 (6.1%) 0.96 14,689
    2021-12-01 $359,945 (9.3%) $521,750 (6.0%) 0.98 13,433
    2022-01-01 $357,365 (8.3%) $518,833 (4.3%) 0.97 12,080
    2022-02-01 $361,752 (8.8%) $530,290 (4.6%) 0.94 11,041
    2022-03-01 $373,081 (9.5%) $542,575 (4.1%) 0.93 10,671
    2022-04-01 $389,900 (11.6%) $558,209 (3.7%) 0.93 10,998
    2022-05-01 $398,500 (11.0%) $571,080 (3.3%) 0.91 12,639
    2022-06-01 $399,000 (9.3%) $560,844 (1.2%) 0.89 14,892
    2022-07-01 $390,000 (6.9%) $538,649 (-0.9%) 0.88 18,422
    2022-08-01 $382,495 (5.8%) $523,616 (-0.5%) 0.88 20,138
    2022-09-01 $375,500 (3.9%) $513,693 (-1.3%) 0.88 20,452
    2022-10-01 $368,990 (2.5%) $508,029 (-1.9%) 0.87 20,825
    2022-11-01 $363,384 (1.0%) $505,723 (-3.6%) 0.87 21,205
    2022-12-01 $359,900 (0.0%) $499,347 (-4.3%) 0.89 20,060
    2023-01-01 $354,950 (-0.7%) $495,111 (-4.6%) 0.88 18,594
    2023-02-01 $358,495 (-0.9%) $501,164 (-5.5%) 0.87 17,779
    2023-03-01 $360,000 (-3.5%) $507,069 (-6.5%) 0.85 17,425
    2023-04-01 $371,000 (-4.9%) $524,401 (-6.1%) 0.86 17,156
    2023-05-01 $375,000 (-5.9%) $527,499 (-7.6%) 0.85 17,357
    2023-06-01 $378,030 (-5.3%) $529,487 (-5.6%) 0.85 18,457
    2023-07-01 $375,940 (-3.6%) $527,958 (-2.0%) 0.85 19,690
    2023-08-01 $374,950 (-2.0%) $524,993 (0.3%) 0.86 20,123
    2023-09-01 $369,990 (-1.5%) $518,097 (0.9%) 0.86 20,826
    2023-10-01 $369,123 (0.0%) $513,033 (1.0%) 0.87 21,775
    2023-11-01 $365,000 (0.4%) $509,817 (0.8%) 0.87 22,115
    2023-12-01 $359,990 (0.0%) $504,376 (1.0%) 0.88 21,377
    2024-01-01 $359,000 (1.1%) $501,778 (1.4%) 0.88 20,401
    2024-02-01 $359,990 (0.4%) $506,800 (1.1%) 0.87 20,655
    2024-03-01 $362,675 (0.7%) $508,547 (0.3%) 0.85 21,518
    Houston's median listing price for 2024-03-01 was $362,675, a difference of $2,675 (0.7%) versus the prior year and $2,685 versus the prior month.

    Houston's median listing price comes in at 85% of the national average.

    Houston's average listing price for 2024-03-01 was $508,547, a difference of $1,478 (0.3%) versus the prior year and $1,747 versus the prior month.

    For the 2024-03-01 period, Houston had 21,518 MLS listings, a difference of 863 listings (4%) versus the prior month and 4,093 listings (23%) 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 73 days 2,531 sqft
    2018-02-01 62 days 2,531 sqft
    2018-03-01 47 days 2,558 sqft
    2018-04-01 44 days 2,568 sqft
    2018-05-01 42 days 2,582 sqft
    2018-06-01 44 days 2,584 sqft
    2018-07-01 51 days 2,560 sqft
    2018-08-01 52 days 2,539 sqft
    2018-09-01 58 days 2,513 sqft
    2018-10-01 61 days 2,496 sqft
    2018-11-01 62 days 2,484 sqft
    2018-12-01 67 days 2,469 sqft
    2019-01-01 73 days 2,449 sqft
    2019-02-01 63 days 2,450 sqft
    2019-03-01 53 days 2,471 sqft
    2019-04-01 50 days 2,497 sqft
    2019-05-01 50 days 2,507 sqft
    2019-06-01 51 days 2,512 sqft
    2019-07-01 51 days 2,494 sqft
    2019-08-01 54 days 2,470 sqft
    2019-09-01 58 days 2,449 sqft
    2019-10-01 61 days 2,432 sqft
    2019-11-01 63 days 2,410 sqft
    2019-12-01 69 days 2,389 sqft
    2020-01-01 73 days 2,376 sqft
    2020-02-01 61 days 2,379 sqft
    2020-03-01 52 days 2,392 sqft
    2020-04-01 58 days 2,384 sqft
    2020-05-01 64 days 2,408 sqft
    2020-06-01 59 days 2,423 sqft
    2020-07-01 51 days 2,424 sqft
    2020-08-01 51 days 2,408 sqft
    2020-09-01 58 days 2,388 sqft
    2020-10-01 58 days 2,348 sqft
    2020-11-01 58 days 2,320 sqft
    2020-12-01 59 days 2,283 sqft
    2021-01-01 59 days 2,252 sqft
    2021-02-01 51 days 2,218 sqft
    2021-03-01 54 days 2,222 sqft
    2021-04-01 45 days 2,229 sqft
    2021-05-01 43 days 2,241 sqft
    2021-06-01 40 days 2,254 sqft
    2021-07-01 39 days 2,258 sqft
    2021-08-01 40 days 2,241 sqft
    2021-09-01 46 days 2,225 sqft
    2021-10-01 52 days 2,209 sqft
    2021-11-01 54 days 2,189 sqft
    2021-12-01 53 days 2,160 sqft
    2022-01-01 61 days 2,128 sqft
    2022-02-01 40 days 2,107 sqft
    2022-03-01 38 days 2,128 sqft
    2022-04-01 35 days 2,148 sqft
    2022-05-01 33 days 2,178 sqft
    2022-06-01 31 days 2,198 sqft
    2022-07-01 33 days 2,200 sqft
    2022-08-01 38 days 2,180 sqft
    2022-09-01 46 days 2,156 sqft
    2022-10-01 48 days 2,140 sqft
    2022-11-01 51 days 2,130 sqft
    2022-12-01 59 days 2,113 sqft
    2023-01-01 63 days 2,086 sqft
    2023-02-01 54 days 2,079 sqft
    2023-03-01 47 days 2,081 sqft
    2023-04-01 43 days 2,091 sqft
    2023-05-01 41 days 2,097 sqft
    2023-06-01 40 days 2,111 sqft
    2023-07-01 40 days 2,128 sqft
    2023-08-01 42 days 2,126 sqft
    2023-09-01 44 days 2,108 sqft
    2023-10-01 46 days 2,108 sqft
    2023-11-01 50 days 2,099 sqft
    2023-12-01 56 days 2,082 sqft
    2024-01-01 59 days 2,049 sqft
    2024-02-01 48 days 2,040 sqft
    2024-03-01 43 days 2,043 sqft
    Houston's median listing age (time on market) for 2024-03-01 was 43 days. This is -8% shorter than the same period one year ago.

    Houston's median square footage for active listings during the 2024-03-01 period was 2,043 sqft. One year prior, the average listing was 2,081 sqft.