Houston USDA Loan Rates, Closing Costs & Stats

HOUSTON-THE WOODLANDS-SUGAR LAND, TX

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    • 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 6.06% for the week of 2025-02-14, compared to the national average (all USDA variants) of 6.526% for the same period.

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

    The average rate for the prior week (2025-02-07) was 6.12% and one month ago for the week of 2025-01-10, the average rate was 6.47%.

    The average rate one year ago was 6.26%.

    For refis of the same type during the week of 2025-02-14, the average rate was 6.75%.

    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 $317,265 (2.7%) $434,100 (2.9%) 1.18 22,266
    2018-02-01 $320,412 (3.2%) $441,180 (3.6%) 1.17 22,196
    2018-03-01 $325,000 (2.8%) $448,975 (3.5%) 1.14 23,008
    2018-04-01 $328,498 (2.7%) $455,783 (4.0%) 1.12 24,958
    2018-05-01 $329,495 (3.0%) $458,070 (4.6%) 1.10 26,387
    2018-06-01 $328,993 (3.0%) $455,241 (4.9%) 1.10 27,819
    2018-07-01 $322,450 (2.4%) $446,843 (4.7%) 1.08 29,158
    2018-08-01 $318,900 (4.1%) $439,322 (4.7%) 1.07 29,577
    2018-09-01 $315,000 (2.7%) $437,281 (3.3%) 1.06 29,104
    2018-10-01 $311,239 (0.4%) $436,000 (1.6%) 1.06 28,840
    2018-11-01 $309,975 (-1.6%) $436,231 (0.7%) 1.05 28,281
    2018-12-01 $307,900 (-2.3%) $432,185 (0.3%) 1.06 27,179
    2019-01-01 $306,578 (-3.4%) $430,842 (-0.8%) 1.06 26,094
    2019-02-01 $310,000 (-3.3%) $436,863 (-1.0%) 1.05 26,367
    2019-03-01 $316,551 (-2.6%) $447,379 (-0.4%) 1.04 27,096
    2019-04-01 $322,450 (-1.8%) $455,947 (0.0%) 1.02 28,019
    2019-05-01 $324,728 (-1.5%) $457,262 (-0.2%) 1.02 29,109
    2019-06-01 $321,886 (-2.2%) $453,532 (-0.4%) 1.01 30,482
    2019-07-01 $316,750 (-1.8%) $446,024 (-0.2%) 0.99 31,339
    2019-08-01 $313,609 (-1.7%) $443,347 (0.9%) 0.99 30,746
    2019-09-01 $311,523 (-1.1%) $441,707 (1.0%) 1.00 29,942
    2019-10-01 $309,400 (-0.6%) $440,614 (1.1%) 1.00 29,223
    2019-11-01 $301,950 (-2.6%) $439,613 (0.8%) 1.00 28,339
    2019-12-01 $299,945 (-2.6%) $437,381 (1.2%) 1.00 26,526
    2020-01-01 $299,900 (-2.2%) $438,646 (1.8%) 1.00 25,174
    2020-02-01 $301,000 (-2.9%) $443,793 (1.6%) 0.99 25,238
    2020-03-01 $310,995 (-1.8%) $452,319 (1.1%) 0.98 26,050
    2020-04-01 $310,000 (-3.9%) $448,202 (-1.7%) 0.97 26,587
    2020-05-01 $319,000 (-1.8%) $459,258 (0.4%) 0.97 25,919
    2020-06-01 $324,999 (1.0%) $476,774 (5.1%) 0.96 23,911
    2020-07-01 $325,510 (2.8%) $483,715 (8.5%) 0.95 22,822
    2020-08-01 $329,000 (4.9%) $491,230 (10.8%) 0.94 21,928
    2020-09-01 $330,000 (5.9%) $495,011 (12.1%) 0.95 20,478
    2020-10-01 $330,000 (6.7%) $493,834 (12.1%) 0.95 19,832
    2020-11-01 $330,495 (9.5%) $493,534 (12.3%) 0.97 19,074
    2020-12-01 $329,000 (9.7%) $491,334 (12.3%) 0.98 17,689
    2021-01-01 $329,900 (10.0%) $496,566 (13.2%) 0.99 16,055
    2021-02-01 $332,495 (10.5%) $506,256 (14.1%) 0.97 14,173
    2021-03-01 $339,500 (9.2%) $520,341 (15.0%) 0.97 12,917
    2021-04-01 $349,250 (12.7%) $536,706 (19.8%) 0.95 12,240
    2021-05-01 $357,000 (11.9%) $551,163 (20.0%) 0.95 12,137
    2021-06-01 $364,700 (12.2%) $552,699 (15.9%) 0.96 13,482
    2021-07-01 $364,999 (12.1%) $542,348 (12.1%) 0.96 15,062
    2021-08-01 $361,062 (9.8%) $525,178 (6.9%) 0.96 16,415
    2021-09-01 $360,848 (9.4%) $519,649 (5.0%) 0.96 16,312
    2021-10-01 $359,900 (9.1%) $517,026 (4.7%) 0.96 15,721
    2021-11-01 $359,912 (8.9%) $523,335 (6.0%) 0.96 14,759
    2021-12-01 $359,750 (9.4%) $520,614 (6.0%) 0.98 13,500
    2022-01-01 $355,990 (7.9%) $517,608 (4.2%) 0.97 12,153
    2022-02-01 $360,760 (8.5%) $528,836 (4.5%) 0.94 11,116
    2022-03-01 $372,500 (9.7%) $541,327 (4.0%) 0.93 10,728
    2022-04-01 $389,000 (11.4%) $556,779 (3.7%) 0.93 11,057
    2022-05-01 $398,000 (11.5%) $570,053 (3.4%) 0.91 12,693
    2022-06-01 $398,478 (9.3%) $559,992 (1.3%) 0.89 14,951
    2022-07-01 $389,990 (6.9%) $537,746 (-0.9%) 0.88 18,511
    2022-08-01 $382,311 (5.9%) $522,780 (-0.5%) 0.88 20,221
    2022-09-01 $375,000 (3.9%) $512,927 (-1.3%) 0.88 20,541
    2022-10-01 $368,000 (2.3%) $507,166 (-1.9%) 0.87 20,934
    2022-11-01 $362,293 (0.7%) $504,779 (-3.6%) 0.87 21,322
    2022-12-01 $359,900 (0.0%) $498,528 (-4.2%) 0.89 20,174
    2023-01-01 $354,850 (-0.3%) $494,234 (-4.5%) 0.88 18,704
    2023-02-01 $357,528 (-0.9%) $500,249 (-5.4%) 0.87 17,890
    2023-03-01 $360,000 (-3.4%) $506,078 (-6.5%) 0.85 17,534
    2023-04-01 $370,000 (-4.9%) $523,198 (-6.0%) 0.86 17,266
    2023-05-01 $374,995 (-5.8%) $526,343 (-7.7%) 0.85 17,464
    2023-06-01 $376,525 (-5.5%) $528,219 (-5.7%) 0.85 18,581
    2023-07-01 $375,000 (-3.8%) $526,830 (-2.0%) 0.85 19,822
    2023-08-01 $374,244 (-2.1%) $523,684 (0.2%) 0.86 20,261
    2023-09-01 $369,900 (-1.4%) $516,980 (0.8%) 0.86 20,968
    2023-10-01 $367,995 (0.0%) $511,815 (0.9%) 0.87 21,924
    2023-11-01 $364,832 (0.7%) $508,690 (0.8%) 0.87 22,264
    2023-12-01 $359,900 (0.0%) $503,186 (0.9%) 0.88 21,529
    2024-01-01 $358,192 (0.9%) $500,461 (1.3%) 0.88 20,548
    2024-02-01 $359,900 (0.7%) $505,413 (1.0%) 0.87 20,803
    2024-03-01 $360,794 (0.2%) $507,239 (0.2%) 0.85 21,681
    2024-04-01 $369,000 (-0.3%) $514,825 (-1.6%) 0.86 22,848
    2024-05-01 $369,900 (-1.4%) $513,464 (-2.5%) 0.84 24,183
    2024-06-01 $369,900 (-1.8%) $511,000 (-3.3%) 0.83 25,992
    2024-07-01 $371,926 (-0.8%) $511,770 (-2.9%) 0.85 26,831
    2024-08-01 $374,999 (0.2%) $508,899 (-2.8%) 0.87 26,719
    2024-09-01 $369,998 (0.0%) $502,928 (-2.7%) 0.87 27,231
    2024-10-01 $369,250 (0.3%) $498,435 (-2.6%) 0.87 27,640
    2024-11-01 $365,000 (0.1%) $492,641 (-3.2%) 0.88 27,784
    2024-12-01 $360,509 (0.2%) $486,314 (-3.4%) 0.90 26,771
    2025-01-01 $359,000 (0.2%) $482,841 (-3.5%) 0.00 25,879
    Houston's median listing price for 2025-01-01 was $359,000, a difference of $808 (0.2%) versus the prior year and $-1,509 versus the prior month.

    Houston's median listing price comes in at 0% of the national average.

    Houston's average listing price for 2025-01-01 was $482,841, a difference of $-17,620 (-3.5%) versus the prior year and $-3,473 versus the prior month.

    For the 2025-01-01 period, Houston had 25,879 MLS listings, a difference of -892 listings (-3%) versus the prior month and 5,331 listings (26%) 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 2,526 sqft
    2018-02-01 62 days 2,528 sqft
    2018-03-01 47 days 2,554 sqft
    2018-04-01 44 days 2,564 sqft
    2018-05-01 42 days 2,579 sqft
    2018-06-01 44 days 2,580 sqft
    2018-07-01 51 days 2,558 sqft
    2018-08-01 52 days 2,536 sqft
    2018-09-01 58 days 2,508 sqft
    2018-10-01 61 days 2,492 sqft
    2018-11-01 62 days 2,482 sqft
    2018-12-01 67 days 2,466 sqft
    2019-01-01 73 days 2,446 sqft
    2019-02-01 63 days 2,447 sqft
    2019-03-01 53 days 2,467 sqft
    2019-04-01 50 days 2,493 sqft
    2019-05-01 50 days 2,504 sqft
    2019-06-01 51 days 2,506 sqft
    2019-07-01 51 days 2,490 sqft
    2019-08-01 54 days 2,466 sqft
    2019-09-01 58 days 2,446 sqft
    2019-10-01 61 days 2,429 sqft
    2019-11-01 63 days 2,407 sqft
    2019-12-01 69 days 2,386 sqft
    2020-01-01 73 days 2,373 sqft
    2020-02-01 61 days 2,375 sqft
    2020-03-01 52 days 2,389 sqft
    2020-04-01 58 days 2,382 sqft
    2020-05-01 64 days 2,404 sqft
    2020-06-01 59 days 2,421 sqft
    2020-07-01 51 days 2,420 sqft
    2020-08-01 51 days 2,405 sqft
    2020-09-01 58 days 2,386 sqft
    2020-10-01 58 days 2,344 sqft
    2020-11-01 58 days 2,316 sqft
    2020-12-01 59 days 2,281 sqft
    2021-01-01 59 days 2,248 sqft
    2021-02-01 51 days 2,215 sqft
    2021-03-01 54 days 2,221 sqft
    2021-04-01 45 days 2,226 sqft
    2021-05-01 43 days 2,238 sqft
    2021-06-01 40 days 2,252 sqft
    2021-07-01 39 days 2,257 sqft
    2021-08-01 40 days 2,238 sqft
    2021-09-01 46 days 2,222 sqft
    2021-10-01 52 days 2,204 sqft
    2021-11-01 54 days 2,185 sqft
    2021-12-01 53 days 2,157 sqft
    2022-01-01 61 days 2,125 sqft
    2022-02-01 40 days 2,104 sqft
    2022-03-01 38 days 2,125 sqft
    2022-04-01 35 days 2,145 sqft
    2022-05-01 33 days 2,176 sqft
    2022-06-01 31 days 2,197 sqft
    2022-07-01 33 days 2,199 sqft
    2022-08-01 38 days 2,178 sqft
    2022-09-01 46 days 2,155 sqft
    2022-10-01 48 days 2,139 sqft
    2022-11-01 51 days 2,127 sqft
    2022-12-01 59 days 2,112 sqft
    2023-01-01 63 days 2,083 sqft
    2023-02-01 54 days 2,076 sqft
    2023-03-01 47 days 2,078 sqft
    2023-04-01 43 days 2,086 sqft
    2023-05-01 41 days 2,095 sqft
    2023-06-01 40 days 2,106 sqft
    2023-07-01 40 days 2,125 sqft
    2023-08-01 42 days 2,123 sqft
    2023-09-01 44 days 2,104 sqft
    2023-10-01 46 days 2,103 sqft
    2023-11-01 50 days 2,095 sqft
    2023-12-01 56 days 2,078 sqft
    2024-01-01 59 days 2,045 sqft
    2024-02-01 48 days 2,035 sqft
    2024-03-01 43 days 2,040 sqft
    2024-04-01 43 days 2,058 sqft
    2024-05-01 38 days 2,061 sqft
    2024-06-01 40 days 2,087 sqft
    2024-07-01 47 days 2,114 sqft
    2024-08-01 51 days 2,125 sqft
    2024-09-01 48 days 2,115 sqft
    2024-10-01 50 days 2,101 sqft
    2024-11-01 52 days 2,082 sqft
    2024-12-01 59 days 2,071 sqft
    2025-01-01 0 days 2,050 sqft
    Houston's median listing age (time on market) for 2025-01-01 was 0 days. This is -100% shorter than the same period one year ago.

    Houston's median square footage for active listings during the 2025-01-01 period was 2,050 sqft. One year prior, the average listing was 2,045 sqft.