Killeen USDA Loans

KILLEEN-TEMPLE, 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.

    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.