Houston USDA Loans

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 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.