Killeen USDA Loans
KILLEEN-TEMPLE, 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.
Killeen's 25 lenders originated 44 USDA loans during 2021. The total origination value was $7,580,000, with an average USDA loan value of $172,273.
Killeen USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Killeen
averaged
5.55%
for the week of 2022-05-13, compared to the national average (all USDA variants) of
5.294% for the same period.
The average rate for the prior week (2022-05-06) was
5.58% and
one month ago for the week of 2022-04-08, the
average rate was 4.85%.
The average rate one year ago was 3.16%.
For refis of the same type during the week of 2022-05-13, the average rate
was 4.97%.
Killeen 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 Killeen level.
The top Killeen USDA lender as defined by loan originations is FAIRWAY INDEPENDENT MORTGAGE CORPORATION, with
7 USDA loans originated. Their average total fees are
$5,397, which is $1,338
lower than the next largest lender,
SENTE MORTGAGE, INC..
The lowest fee Killeen USDA lenders (with over 10 loans originated) are
.
The lowest rate Killeen USDA lenders (with over 10 loans originated) are
.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Killeen (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $188,368 (8.0%) | $219,920 (8.1%) | 0.69 | 1,529 |
2018-02-01 | $189,400 (6.7%) | $225,465 (7.9%) | 0.68 | 1,523 |
2018-03-01 | $190,600 (6.2%) | $229,376 (9.4%) | 0.66 | 1,537 |
2018-04-01 | $199,900 (8.1%) | $236,100 (10.2%) | 0.67 | 1,510 |
2018-05-01 | $205,000 (10.7%) | $248,214 (14.7%) | 0.68 | 1,508 |
2018-06-01 | $206,500 (14.8%) | $252,973 (17.9%) | 0.69 | 1,587 |
2018-07-01 | $216,358 (20.3%) | $255,773 (20.9%) | 0.72 | 1,584 |
2018-08-01 | $207,900 (17.2%) | $248,454 (20.6%) | 0.69 | 1,633 |
2018-09-01 | $207,500 (17.3%) | $244,910 (16.8%) | 0.69 | 1,710 |
2018-10-01 | $199,450 (11.3%) | $236,053 (12.1%) | 0.67 | 1,681 |
2018-11-01 | $205,000 (14.4%) | $234,815 (11.2%) | 0.69 | 1,591 |
2018-12-01 | $209,900 (15.4%) | $235,474 (10.0%) | 0.72 | 1,524 |
2019-01-01 | $211,000 (12.0%) | $240,642 (9.4%) | 0.73 | 1,467 |
2019-02-01 | $217,908 (15.1%) | $249,302 (10.6%) | 0.73 | 1,395 |
2019-03-01 | $226,386 (18.8%) | $258,719 (12.8%) | 0.74 | 1,356 |
2019-04-01 | $234,950 (17.5%) | $267,219 (13.2%) | 0.74 | 1,336 |
2019-05-01 | $234,250 (14.3%) | $272,407 (9.8%) | 0.72 | 1,323 |
2019-06-01 | $230,900 (11.8%) | $269,832 (6.7%) | 0.71 | 1,413 |
2019-07-01 | $226,450 (4.7%) | $265,196 (3.7%) | 0.70 | 1,518 |
2019-08-01 | $226,714 (9.1%) | $265,725 (7.0%) | 0.71 | 1,495 |
2019-09-01 | $228,856 (10.3%) | $269,110 (9.9%) | 0.73 | 1,471 |
2019-10-01 | $228,500 (14.6%) | $267,101 (13.2%) | 0.73 | 1,511 |
2019-11-01 | $227,500 (11.0%) | $270,383 (15.2%) | 0.73 | 1,526 |
2019-12-01 | $224,200 (6.8%) | $265,370 (12.7%) | 0.75 | 1,457 |
2020-01-01 | $227,900 (8.0%) | $268,107 (11.4%) | 0.76 | 1,375 |
2020-02-01 | $229,900 (5.5%) | $274,927 (10.3%) | 0.74 | 1,329 |
2020-03-01 | $229,950 (1.6%) | $273,909 (5.9%) | 0.72 | 1,385 |
2020-04-01 | $233,750 (-0.5%) | $275,838 (3.2%) | 0.73 | 1,379 |
2020-05-01 | $242,175 (3.4%) | $285,477 (4.8%) | 0.73 | 1,197 |
2020-06-01 | $247,450 (7.2%) | $296,127 (9.7%) | 0.72 | 1,018 |
2020-07-01 | $249,500 (10.2%) | $298,194 (12.4%) | 0.71 | 894 |
2020-08-01 | $269,500 (18.9%) | $323,335 (21.7%) | 0.77 | 830 |
2020-09-01 | $260,000 (13.6%) | $318,191 (18.2%) | 0.74 | 732 |
2020-10-01 | $252,043 (10.3%) | $307,343 (15.1%) | 0.72 | 646 |
2020-11-01 | $258,212 (13.5%) | $312,042 (15.4%) | 0.74 | 617 |
2020-12-01 | $236,900 (5.7%) | $286,029 (7.8%) | 0.69 | 590 |
2021-01-01 | $245,000 (7.5%) | $299,986 (11.9%) | 0.72 | 492 |
2021-02-01 | $232,513 (1.1%) | $301,468 (9.7%) | 0.67 | 388 |
2021-03-01 | $228,500 (-0.6%) | $302,553 (10.5%) | 0.64 | 385 |
2021-04-01 | $229,338 (-1.9%) | $307,221 (11.4%) | 0.62 | 388 |
2021-05-01 | $225,000 (-7.1%) | $302,634 (6.0%) | 0.59 | 393 |
2021-06-01 | $234,450 (-5.3%) | $299,647 (1.2%) | 0.61 | 424 |
2021-07-01 | $251,000 (0.6%) | $312,474 (4.8%) | 0.65 | 525 |
2021-08-01 | $255,000 (-5.4%) | $342,367 (5.9%) | 0.67 | 583 |
2021-09-01 | $261,000 (0.4%) | $348,955 (9.7%) | 0.69 | 569 |
2021-10-01 | $279,000 (10.7%) | $373,769 (21.6%) | 0.73 | 598 |
2021-11-01 | $281,000 (8.8%) | $398,541 (27.7%) | 0.74 | 598 |
2021-12-01 | $269,950 (14.0%) | $399,851 (39.8%) | 0.72 | 569 |
2022-01-01 | $274,900 (12.2%) | $417,470 (39.2%) | 0.73 | 426 |
2022-02-01 | $278,000 (19.6%) | $417,777 (38.6%) | 0.71 | 391 |
2022-03-01 | $275,450 (20.6%) | $420,310 (38.9%) | 0.68 | 398 |
2022-04-01 | $295,000 (28.6%) | $454,161 (47.8%) | 0.69 | 461 |
Killeen's median listing price comes in at 69% of the national average.
Killeen's average listing price for 2022-04-01 was $454,161, a difference of $146,940 (47.8%) versus the prior year and $33,851 versus the prior month.
For the 2022-04-01 period, Killeen had 461 MLS listings, a difference of 63 listings (16%) versus the prior month and 73 listings (19%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Killeen (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 71 days | 2,035 sqft |
2018-02-01 | 68 days | 2,055 sqft |
2018-03-01 | 58 days | 2,062 sqft |
2018-04-01 | 51 days | 2,066 sqft |
2018-05-01 | 49 days | 2,070 sqft |
2018-06-01 | 48 days | 2,078 sqft |
2018-07-01 | 52 days | 2,099 sqft |
2018-08-01 | 52 days | 2,071 sqft |
2018-09-01 | 53 days | 2,068 sqft |
2018-10-01 | 61 days | 2,055 sqft |
2018-11-01 | 67 days | 2,082 sqft |
2018-12-01 | 71 days | 2,069 sqft |
2019-01-01 | 75 days | 2,077 sqft |
2019-02-01 | 72 days | 2,097 sqft |
2019-03-01 | 56 days | 2,116 sqft |
2019-04-01 | 46 days | 2,138 sqft |
2019-05-01 | 45 days | 2,150 sqft |
2019-06-01 | 43 days | 2,114 sqft |
2019-07-01 | 45 days | 2,094 sqft |
2019-08-01 | 52 days | 2,104 sqft |
2019-09-01 | 57 days | 2,116 sqft |
2019-10-01 | 56 days | 2,098 sqft |
2019-11-01 | 56 days | 2,114 sqft |
2019-12-01 | 64 days | 2,074 sqft |
2020-01-01 | 70 days | 2,074 sqft |
2020-02-01 | 59 days | 2,063 sqft |
2020-03-01 | 45 days | 2,059 sqft |
2020-04-01 | 54 days | 2,073 sqft |
2020-05-01 | 66 days | 2,114 sqft |
2020-06-01 | 59 days | 2,141 sqft |
2020-07-01 | 53 days | 2,158 sqft |
2020-08-01 | 45 days | 2,175 sqft |
2020-09-01 | 45 days | 2,178 sqft |
2020-10-01 | 47 days | 2,109 sqft |
2020-11-01 | 39 days | 2,075 sqft |
2020-12-01 | 45 days | 1,973 sqft |
2021-01-01 | 50 days | 2,001 sqft |
2021-02-01 | 45 days | 1,960 sqft |
2021-03-01 | 39 days | 1,900 sqft |
2021-04-01 | 34 days | 1,920 sqft |
2021-05-01 | 34 days | 1,890 sqft |
2021-06-01 | 34 days | 1,874 sqft |
2021-07-01 | 27 days | 1,922 sqft |
2021-08-01 | 28 days | 1,885 sqft |
2021-09-01 | 36 days | 1,926 sqft |
2021-10-01 | 36 days | 1,919 sqft |
2021-11-01 | 37 days | 1,941 sqft |
2021-12-01 | 42 days | 1,911 sqft |
2022-01-01 | 49 days | 1,940 sqft |
2022-02-01 | 33 days | 1,905 sqft |
2022-03-01 | 33 days | 1,888 sqft |
2022-04-01 | 29 days | 1,914 sqft |
Killeen's median square footage for active listings during the 2022-04-01 period was 1,914 sqft. One year prior, the average listing was 1,920 sqft.