Killeen USDA Loan Rates, Closing Costs & Stats

KILLEEN-TEMPLE, 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.

    Killeen's 6 lenders originated 13 USDA loans during 2023. The total origination value was $3,275,000, with an average USDA loan value of $251,923.

    Killeen USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Killeen averaged 6.57% for the week of 2024-04-19, compared to the national average (all USDA variants) of 6.863% for the same period.

    Killeen's average USDA mortgage closing costs are $5,223.

    The average rate for the prior week (2024-04-12) was 6.32% and one month ago for the week of 2024-03-15, the average rate was 6.41%.

    The average rate one year ago was 6.04%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.73%.

    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

    Killeen 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 Killeen level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    DHI MORTGAGE COMPANY, LTD. 7 5.07% $5,980
    SWBC MORTGAGE CORPORATION 2 6.50% $8,741
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 7.25% $4,642
    NEWREZ LLC 1 7.13% $5,102
    UNITED WHOLESALE MORTGAGE, LLC 1 6.94% $9,245
    VeraBank 1 6.75% $5,379

    The top Killeen USDA lender as defined by loan originations is DHI MORTGAGE COMPANY, LTD., with 7 USDA loans originated. Their average total fees are $5,980, which is $2,761 lower than the next largest lender, SWBC MORTGAGE CORPORATION.

    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. Louis
    Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
    2018-01-01 $189,175 (11.6%) $219,818 (12.0%) 0.70 1,408
    2018-02-01 $189,818 (11.0%) $224,262 (13.2%) 0.69 1,388
    2018-03-01 $190,225 (8.6%) $227,093 (12.5%) 0.67 1,404
    2018-04-01 $199,913 (10.8%) $234,341 (12.3%) 0.68 1,371
    2018-05-01 $207,498 (14.3%) $245,646 (16.9%) 0.69 1,368
    2018-06-01 $210,000 (17.0%) $249,536 (18.2%) 0.70 1,439
    2018-07-01 $215,522 (20.5%) $252,545 (20.3%) 0.72 1,439
    2018-08-01 $205,925 (16.0%) $244,946 (17.6%) 0.69 1,486
    2018-09-01 $209,755 (19.6%) $242,166 (16.0%) 0.71 1,538
    2018-10-01 $199,944 (12.2%) $235,729 (12.7%) 0.68 1,506
    2018-11-01 $206,950 (15.6%) $235,109 (11.9%) 0.70 1,436
    2018-12-01 $209,900 (16.6%) $234,945 (9.8%) 0.72 1,370
    2019-01-01 $210,950 (11.5%) $238,313 (8.4%) 0.73 1,300
    2019-02-01 $218,425 (15.1%) $248,003 (10.6%) 0.74 1,221
    2019-03-01 $224,271 (17.9%) $255,539 (12.5%) 0.73 1,198
    2019-04-01 $230,000 (15.1%) $262,283 (11.9%) 0.73 1,191
    2019-05-01 $231,250 (11.5%) $266,227 (8.4%) 0.72 1,171
    2019-06-01 $229,900 (9.5%) $264,784 (6.1%) 0.72 1,258
    2019-07-01 $225,850 (4.8%) $262,226 (3.8%) 0.71 1,338
    2019-08-01 $226,091 (9.8%) $261,558 (6.8%) 0.72 1,346
    2019-09-01 $227,727 (8.6%) $264,069 (9.0%) 0.73 1,336
    2019-10-01 $228,818 (14.4%) $265,743 (12.7%) 0.74 1,330
    2019-11-01 $225,000 (8.7%) $267,659 (13.8%) 0.74 1,321
    2019-12-01 $220,450 (5.0%) $261,630 (11.4%) 0.74 1,273
    2020-01-01 $224,950 (6.6%) $262,480 (10.1%) 0.75 1,219
    2020-02-01 $225,000 (3.0%) $264,544 (6.7%) 0.74 1,168
    2020-03-01 $224,975 (0.3%) $264,800 (3.6%) 0.71 1,200
    2020-04-01 $229,325 (-0.3%) $266,982 (1.8%) 0.72 1,189
    2020-05-01 $234,900 (1.6%) $276,558 (3.9%) 0.71 1,033
    2020-06-01 $241,975 (5.3%) $287,048 (8.4%) 0.71 893
    2020-07-01 $243,950 (8.0%) $287,960 (9.8%) 0.71 785
    2020-08-01 $249,000 (10.1%) $298,993 (14.3%) 0.71 716
    2020-09-01 $240,911 (5.8%) $291,424 (10.4%) 0.69 638
    2020-10-01 $239,450 (4.7%) $290,507 (9.3%) 0.69 567
    2020-11-01 $245,949 (9.3%) $299,061 (11.7%) 0.72 535
    2020-12-01 $243,300 (10.4%) $290,518 (11.0%) 0.72 525
    2021-01-01 $245,500 (9.1%) $299,804 (14.2%) 0.73 439
    2021-02-01 $234,175 (4.1%) $299,650 (13.3%) 0.68 347
    2021-03-01 $224,500 (-0.2%) $298,340 (12.7%) 0.64 349
    2021-04-01 $226,575 (-1.2%) $299,069 (12.0%) 0.61 353
    2021-05-01 $225,000 (-4.2%) $295,606 (6.9%) 0.60 358
    2021-06-01 $228,350 (-5.6%) $295,183 (2.8%) 0.60 390
    2021-07-01 $249,900 (2.4%) $311,592 (8.2%) 0.66 483
    2021-08-01 $254,900 (2.4%) $329,296 (10.1%) 0.68 521
    2021-09-01 $259,699 (7.8%) $346,066 (18.8%) 0.69 505
    2021-10-01 $275,000 (14.9%) $371,741 (28.0%) 0.73 514
    2021-11-01 $275,000 (11.8%) $393,032 (31.4%) 0.74 516
    2021-12-01 $269,000 (10.6%) $397,193 (36.7%) 0.73 485
    2022-01-01 $271,560 (10.6%) $413,973 (38.1%) 0.73 375
    2022-02-01 $283,875 (21.2%) $423,264 (41.3%) 0.74 329
    2022-03-01 $276,725 (23.3%) $412,366 (38.2%) 0.69 354
    2022-04-01 $292,500 (29.1%) $444,274 (48.6%) 0.70 409
    2022-05-01 $306,000 (36.0%) $446,188 (50.9%) 0.70 540
    2022-06-01 $314,000 (37.5%) $457,919 (55.1%) 0.70 699
    2022-07-01 $314,778 (26.0%) $444,352 (42.6%) 0.71 907
    2022-08-01 $310,635 (21.9%) $430,998 (30.9%) 0.72 1,178
    2022-09-01 $310,000 (19.4%) $418,110 (20.8%) 0.72 1,290
    2022-10-01 $315,000 (14.6%) $414,405 (11.5%) 0.74 1,390
    2022-11-01 $313,700 (14.1%) $405,772 (3.2%) 0.75 1,475
    2022-12-01 $308,400 (14.7%) $399,714 (0.6%) 0.76 1,464
    2023-01-01 $309,950 (14.1%) $399,616 (-3.5%) 0.77 1,365
    2023-02-01 $310,900 (9.5%) $398,797 (-5.8%) 0.75 1,300
    2023-03-01 $315,000 (13.8%) $402,898 (-2.3%) 0.74 1,305
    2023-04-01 $329,800 (12.8%) $416,348 (-6.3%) 0.77 1,270
    2023-05-01 $333,501 (9.0%) $432,229 (-3.1%) 0.76 1,336
    2023-06-01 $329,900 (5.1%) $421,716 (-7.9%) 0.74 1,461
    2023-07-01 $325,350 (3.4%) $417,241 (-6.1%) 0.74 1,621
    2023-08-01 $325,000 (4.6%) $417,987 (-3.0%) 0.75 1,687
    2023-09-01 $325,000 (4.8%) $408,595 (-2.3%) 0.76 1,769
    2023-10-01 $315,750 (0.2%) $400,214 (-3.4%) 0.74 1,932
    2023-11-01 $314,458 (0.2%) $394,079 (-2.9%) 0.75 1,958
    2023-12-01 $315,400 (2.3%) $396,896 (-0.7%) 0.77 1,832
    2024-01-01 $311,158 (0.4%) $391,080 (-2.1%) 0.76 1,746
    2024-02-01 $309,987 (-0.3%) $389,429 (-2.4%) 0.75 1,740
    2024-03-01 $314,900 (0.0%) $394,248 (-2.2%) 0.74 1,862
    Killeen's median listing price for 2024-03-01 was $314,900, a difference of $-100 (0.0%) versus the prior year and $4,913 versus the prior month.

    Killeen's median listing price comes in at 74% of the national average.

    Killeen's average listing price for 2024-03-01 was $394,248, a difference of $-8,650 (-2.2%) versus the prior year and $4,819 versus the prior month.

    For the 2024-03-01 period, Killeen had 1,862 MLS listings, a difference of 122 listings (7%) versus the prior month and 557 listings (43%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Killeen (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 71 days 2,036 sqft
    2018-02-01 67 days 2,059 sqft
    2018-03-01 57 days 2,061 sqft
    2018-04-01 51 days 2,069 sqft
    2018-05-01 48 days 2,083 sqft
    2018-06-01 47 days 2,088 sqft
    2018-07-01 51 days 2,100 sqft
    2018-08-01 51 days 2,064 sqft
    2018-09-01 51 days 2,066 sqft
    2018-10-01 60 days 2,059 sqft
    2018-11-01 67 days 2,081 sqft
    2018-12-01 71 days 2,068 sqft
    2019-01-01 74 days 2,075 sqft
    2019-02-01 70 days 2,094 sqft
    2019-03-01 60 days 2,109 sqft
    2019-04-01 45 days 2,124 sqft
    2019-05-01 45 days 2,137 sqft
    2019-06-01 41 days 2,100 sqft
    2019-07-01 45 days 2,092 sqft
    2019-08-01 49 days 2,087 sqft
    2019-09-01 52 days 2,085 sqft
    2019-10-01 54 days 2,084 sqft
    2019-11-01 54 days 2,097 sqft
    2019-12-01 63 days 2,059 sqft
    2020-01-01 69 days 2,056 sqft
    2020-02-01 64 days 2,038 sqft
    2020-03-01 53 days 2,037 sqft
    2020-04-01 59 days 2,055 sqft
    2020-05-01 72 days 2,089 sqft
    2020-06-01 57 days 2,124 sqft
    2020-07-01 51 days 2,136 sqft
    2020-08-01 57 days 2,106 sqft
    2020-09-01 57 days 2,077 sqft
    2020-10-01 63 days 2,069 sqft
    2020-11-01 51 days 2,033 sqft
    2020-12-01 44 days 1,988 sqft
    2021-01-01 49 days 2,000 sqft
    2021-02-01 43 days 1,951 sqft
    2021-03-01 36 days 1,876 sqft
    2021-04-01 34 days 1,908 sqft
    2021-05-01 40 days 1,875 sqft
    2021-06-01 38 days 1,875 sqft
    2021-07-01 31 days 1,903 sqft
    2021-08-01 31 days 1,875 sqft
    2021-09-01 42 days 1,922 sqft
    2021-10-01 44 days 1,927 sqft
    2021-11-01 42 days 1,931 sqft
    2021-12-01 53 days 1,903 sqft
    2022-01-01 61 days 1,928 sqft
    2022-02-01 30 days 1,909 sqft
    2022-03-01 28 days 1,882 sqft
    2022-04-01 27 days 1,901 sqft
    2022-05-01 24 days 1,938 sqft
    2022-06-01 25 days 1,978 sqft
    2022-07-01 30 days 1,984 sqft
    2022-08-01 31 days 1,982 sqft
    2022-09-01 42 days 1,971 sqft
    2022-10-01 47 days 1,982 sqft
    2022-11-01 55 days 1,960 sqft
    2022-12-01 65 days 1,942 sqft
    2023-01-01 72 days 1,945 sqft
    2023-02-01 64 days 1,948 sqft
    2023-03-01 54 days 1,964 sqft
    2023-04-01 49 days 1,985 sqft
    2023-05-01 46 days 2,029 sqft
    2023-06-01 46 days 2,019 sqft
    2023-07-01 51 days 2,012 sqft
    2023-08-01 55 days 2,007 sqft
    2023-09-01 55 days 2,012 sqft
    2023-10-01 59 days 1,960 sqft
    2023-11-01 65 days 1,960 sqft
    2023-12-01 70 days 1,958 sqft
    2024-01-01 76 days 1,951 sqft
    2024-02-01 69 days 1,940 sqft
    2024-03-01 52 days 1,948 sqft
    Killeen's median listing age (time on market) for 2024-03-01 was 52 days. This is -4% shorter than the same period one year ago.

    Killeen's median square footage for active listings during the 2024-03-01 period was 1,948 sqft. One year prior, the average listing was 1,964 sqft.