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 6.34% for the week of 2022-09-23, compared to the national average (all USDA variants) of 6.08% for the same period.

The average rate for the prior week (2022-09-16) was 5.97% and one month ago for the week of 2022-08-19, the average rate was 5.55%.

The average rate one year ago was 3.28%.

For refis of the same type during the week of 2022-09-23, the average rate was 5.86%.

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 and rates for USDA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Killeen level.

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 7 3.53% $5,397
SENTE MORTGAGE, INC. 4 3.41% $6,735
CORNERSTONE HOME LENDING, INC. 4 3.13% $6,550
Gateway First Bank 4 3.03% $5,881
SWBC MORTGAGE CORPORATION 2 3.13% $3,763
GUILD MORTGAGE COMPANY 2 3.25% $7,209
CMG MORTGAGE, INC. 1 3.75% $6,018
Colten Mortgage, LLC 1 2.63% $4,016
DHI MORTGAGE COMPANY, LTD. 1 3.13% $4,699
ENVOY MORTGAGE, LTD 1 3.63% $5,715
First United Bank and Trust Company 1 3.38% $6,050
LEADERONE FINANCIAL CORPORATION 1 2.75% $4,808
MID AMERICA MORTGAGE, INC. 1 2.63% $4,732
Paramount Residential Mortgage Group, Inc. 1 2.25% $9,127
PRIMARY RESIDENTIAL MORTGAGE, INC. 1 2.88% $6,859
PRIMELENDING, A PLAINSCAPITAL COMPANY 1 3.38% $7,646
THRIVE MORTGAGE, LLC 1 3.00% $6,323
UNITED WHOLESALE MORTGAGE, LLC 1 3.00% $5,601
ACADEMY MORTGAGE CORPORATION 1 2.75% $10,275
Wallick & Volk, Inc. 1 2.75% $1,563
AMCAP MORTGAGE, LTD. 1 2.75% $4,924
ANGEL OAK HOME LOANS LLC 1 2.50% $4,304
Assurance Financial Group, L.L.C. 1 3.25% $6,325
CALIBER HOME LOANS, INC. 1 2.25% $8,543
Carrington Mortgage Services, LLC 1 2.50% $3,294

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. Louis
Date 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
2022-05-01 $310,000 (37.8%) $454,633 (50.2%) 0.69 598
2022-06-01 $319,176 (36.1%) $462,977 (54.5%) 0.71 815
2022-07-01 $315,000 (25.5%) $450,283 (44.1%) 0.70 1,036
2022-08-01 $315,500 (23.7%) $432,831 (26.4%) 0.73 1,361
Killeen's median listing price for 2022-08-01 was $315,500, a difference of $60,500 (23.7%) versus the prior year and $500 versus the prior month.

Killeen's median listing price comes in at 73% of the national average.

Killeen's average listing price for 2022-08-01 was $432,831, a difference of $90,464 (26.4%) versus the prior year and $-17,452 versus the prior month.

For the 2022-08-01 period, Killeen had 1,361 MLS listings, a difference of 325 listings (31%) versus the prior month and 778 listings (133%) 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 2,035 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
2022-05-01 26 days 1,954 sqft
2022-06-01 27 days 1,997 sqft
2022-07-01 30 days 1,996 sqft
2022-08-01 32 days 1,996 sqft
Killeen's median listing age (time on market) for 2022-08-01 was 32 days. This is 14% longer than the same period one year ago.

Killeen's median square footage for active listings during the 2022-08-01 period was 1,996 sqft. One year prior, the average listing was 1,885 sqft.