Killeen USDA Loan Rates, Closing Costs & Stats

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 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 6.51% for the week of 2024-04-12, compared to the national average (all USDA variants) of 6.705% for the same period.

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

The average rate for the prior week (2024-04-05) was 6.34% and one month ago for the week of 2024-03-08, the average rate was 6.1%.

The average rate one year ago was 5.9%.

For refis of the same type during the week of 2024-04-12, the average rate was 6.57%.

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.