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 15 lenders originated 25 USDA loans during 2022. The total origination value was $4,995,000, with an average USDA loan value of $199,800.
Killeen USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Killeen
averaged
6.8%
for the week of 2023-09-22, compared to the national average (all USDA variants) of
7.021% for the same period.
Killeen's average USDA mortgage closing costs are $5,151.
The average rate for the prior week (2023-09-15) was
6.46% and
one month ago for the week of 2023-08-18, the
average rate was 6.86%.
The average rate one year ago was 5.59%.
For refis of the same type during the week of 2023-09-22, the average rate
was 5.6%.
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 | 2022 Avg. 30yFix Rate | 2022 Avg. Closing Costs |
|---|---|---|---|
| PENNYMAC LOAN SERVICES, LLC | 3 | 3.06% | $5,449 |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | 3 | 4.62% | $4,105 |
| DHI MORTGAGE COMPANY, LTD. | 3 | 4.67% | $6,089 |
| KBHS HOME LOANS, LLC | 3 | 4.04% | $9,493 |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | 2 | 5.56% | $12,038 |
| EVERETT FINANCIAL, INC. | 2 | 4.75% | $4,997 |
| SENTE MORTGAGE, INC. | 1 | 4.63% | $4,845 |
| Sierra Pacific Mortgage Company, Inc. | 1 | 5.25% | $6,572 |
| BROKER SOLUTIONS, INC. | 1 | 6.75% | $10,154 |
| SWBC MORTGAGE CORPORATION | 1 | 6.25% | $3,861 |
| Century Mortgage Company DBA Century Lending Company | 1 | 4.99% | $7,679 |
| Equity Prime Mortgage LLC | 1 | 6.63% | $9,867 |
| HOME POINT FINANCIAL CORPORATION | 1 | 4.25% | $14,201 |
| METROPLEX MORTGAGE SERVICES, INC. | 1 | 5.63% | $8,378 |
| PLANET HOME LENDING, LLC | 1 | 2.75% | $2,558 |
The top Killeen USDA lender as defined by loan originations is PENNYMAC LOAN SERVICES, LLC, with
3 USDA loans originated. Their average total fees are
$5,449, which is $1,344
higher than the next largest lender,
FAIRWAY INDEPENDENT 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 (8.5%) | $227,093 (12.5%) | 0.67 | 1,404 |
| 2018-04-01 | $199,913 (10.6%) | $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 | 1,441 |
| 2018-07-01 | $215,575 (20.6%) | $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 | $230,450 (11.1%) | $265,898 (8.2%) | 0.72 | 1,169 |
| 2019-06-01 | $229,900 (9.5%) | $264,718 (6.1%) | 0.72 | 1,257 |
| 2019-07-01 | $225,750 (4.7%) | $262,193 (3.8%) | 0.71 | 1,338 |
| 2019-08-01 | $226,091 (9.8%) | $261,547 (6.8%) | 0.72 | 1,346 |
| 2019-09-01 | $227,727 (8.6%) | $264,041 (9.0%) | 0.73 | 1,337 |
| 2019-10-01 | $228,818 (14.4%) | $265,703 (12.7%) | 0.74 | 1,331 |
| 2019-11-01 | $225,000 (8.7%) | $267,616 (13.8%) | 0.74 | 1,322 |
| 2019-12-01 | $220,200 (4.9%) | $261,587 (11.3%) | 0.73 | 1,274 |
| 2020-01-01 | $224,929 (6.6%) | $262,428 (10.1%) | 0.75 | 1,220 |
| 2020-02-01 | $224,950 (3.0%) | $264,489 (6.7%) | 0.74 | 1,169 |
| 2020-03-01 | $224,950 (0.3%) | $264,747 (3.6%) | 0.71 | 1,201 |
| 2020-04-01 | $229,325 (-0.3%) | $266,956 (1.8%) | 0.72 | 1,189 |
| 2020-05-01 | $234,900 (1.9%) | $276,490 (4.0%) | 0.71 | 1,033 |
| 2020-06-01 | $242,200 (5.4%) | $287,090 (8.5%) | 0.71 | 894 |
| 2020-07-01 | $244,175 (8.2%) | $288,121 (9.9%) | 0.71 | 786 |
| 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 (11.8%) | 0.72 | 535 |
| 2020-12-01 | $243,300 (10.5%) | $290,518 (11.1%) | 0.72 | 525 |
| 2021-01-01 | $245,500 (9.2%) | $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 | $226,900 (-1.1%) | $299,539 (12.2%) | 0.61 | 354 |
| 2021-05-01 | $225,000 (-4.2%) | $295,606 (6.9%) | 0.60 | 358 |
| 2021-06-01 | $228,350 (-5.7%) | $295,183 (2.8%) | 0.60 | 390 |
| 2021-07-01 | $249,900 (2.3%) | $311,573 (8.1%) | 0.66 | 485 |
| 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%) | $371,634 (27.9%) | 0.73 | 514 |
| 2021-11-01 | $275,000 (11.8%) | $393,032 (31.4%) | 0.74 | 516 |
| 2021-12-01 | $269,125 (10.6%) | $397,500 (36.8%) | 0.73 | 486 |
| 2022-01-01 | $273,120 (11.3%) | $414,343 (38.2%) | 0.74 | 376 |
| 2022-02-01 | $283,875 (21.2%) | $423,264 (41.3%) | 0.74 | 329 |
| 2022-03-01 | $276,000 (22.9%) | $412,366 (38.2%) | 0.69 | 355 |
| 2022-04-01 | $292,500 (28.9%) | $444,274 (48.3%) | 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%) | $431,023 (30.9%) | 0.72 | 1,178 |
| 2022-09-01 | $310,000 (19.4%) | $418,165 (20.8%) | 0.72 | 1,291 |
| 2022-10-01 | $315,000 (14.6%) | $414,405 (11.5%) | 0.74 | 1,390 |
| 2022-11-01 | $313,700 (14.1%) | $405,822 (3.3%) | 0.75 | 1,474 |
| 2022-12-01 | $308,400 (14.6%) | $399,714 (0.6%) | 0.76 | 1,464 |
| 2023-01-01 | $309,950 (13.5%) | $399,616 (-3.6%) | 0.77 | 1,365 |
| 2023-02-01 | $310,900 (9.5%) | $398,797 (-5.8%) | 0.75 | 1,300 |
| 2023-03-01 | $315,000 (14.1%) | $402,813 (-2.3%) | 0.74 | 1,305 |
| 2023-04-01 | $329,650 (12.7%) | $416,268 (-6.3%) | 0.77 | 1,269 |
| 2023-05-01 | $333,251 (8.9%) | $431,702 (-3.3%) | 0.75 | 1,334 |
| 2023-06-01 | $329,900 (5.1%) | $421,683 (-7.9%) | 0.74 | 1,460 |
| 2023-07-01 | $325,000 (3.3%) | $417,208 (-6.1%) | 0.74 | 1,620 |
| 2023-08-01 | $325,000 (4.6%) | $417,987 (-3.0%) | 0.75 | 1,687 |
Killeen's median listing price comes in at 75% of the national average.
Killeen's average listing price for 2023-08-01 was $417,987, a difference of $-13,036 (-3.0%) versus the prior year and $779 versus the prior month.
For the 2023-08-01 period, Killeen had 1,687 MLS listings, a difference of 67 listings (4%) versus the prior month and 509 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 | 2,139 sqft |
| 2019-06-01 | 40 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 | 70 days | 2,056 sqft |
| 2020-02-01 | 64 days | 2,037 sqft |
| 2020-03-01 | 53 days | 2,036 sqft |
| 2020-04-01 | 59 days | 2,055 sqft |
| 2020-05-01 | 72 days | 2,088 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 | 1,906 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 | 1,929 sqft |
| 2021-11-01 | 42 days | 1,931 sqft |
| 2021-12-01 | 53 days | 1,904 sqft |
| 2022-01-01 | 61 days | 1,931 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 | 1,937 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 | 1,972 sqft |
| 2022-10-01 | 47 days | 1,982 sqft |
| 2022-11-01 | 55 days | 1,961 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 | 1,963 sqft |
| 2023-04-01 | 49 days | 1,984 sqft |
| 2023-05-01 | 46 days | 2,029 sqft |
| 2023-06-01 | 45 days | 2,019 sqft |
| 2023-07-01 | 51 days | 2,011 sqft |
| 2023-08-01 | 55 days | 2,007 sqft |
Killeen's median square footage for active listings during the 2023-08-01 period was 2,007 sqft. One year prior, the average listing was 1,982 sqft.