Lamesa USDA Loan Rates, Closing Costs & Stats

Lamesa, 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.

    Lamesa's 1 lenders originated 1 USDA loans during 2023. The total origination value was $215,000, with an average USDA loan value of $215,000.

    Lamesa USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Lamesa averaged 6.5% for the week of 2024-12-13, compared to the national average (all USDA variants) of 6.303% for the same period.

    Lamesa's average USDA mortgage closing costs are $6,060.

    The average rate for the prior week (2024-12-06) was 6.34% and one month ago for the week of 2024-11-08, the average rate was 6.56%.

    The average rate one year ago was 6.82%.

    For refis of the same type during the week of 2024-12-13, the average rate was 6.3%.

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

    Lamesa 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 Lamesa level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    T2 FINANCIAL LLC 1 6.88% $6,527

    The lowest fee Lamesa USDA lenders (with over 10 loans originated) are .

    The lowest rate Lamesa USDA lenders (with over 10 loans originated) are .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Lamesa (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 $114,950 (21.1%) $127,635 (5.8%) 0.00 37
    2018-02-01 $101,375 (11.1%) $116,009 (1.8%) 0.00 40
    2018-03-01 $99,500 (12.6%) $126,710 (18.7%) 0.00 39
    2018-04-01 $122,500 (36.5%) $148,514 (34.0%) 0.00 37
    2018-05-01 $123,750 (38.3%) $153,556 (40.2%) 0.00 35
    2018-06-01 $125,000 (47.1%) $158,666 (54.8%) 0.00 30
    2018-07-01 $118,000 (38.8%) $161,702 (58.0%) 0.00 29
    2018-08-01 $124,975 (48.2%) $164,318 (63.0%) 0.00 32
    2018-09-01 $139,900 (59.9%) $172,563 (41.0%) 0.00 25
    2018-10-01 $147,450 (49.9%) $167,971 (38.2%) 0.00 25
    2018-11-01 $151,175 (44.0%) $195,447 (48.7%) 0.00 28
    2018-12-01 $155,000 (47.6%) $194,137 (48.7%) 0.00 26
    2019-01-01 $172,500 (50.1%) $200,786 (57.3%) 0.00 25
    2019-02-01 $184,200 (81.7%) $212,849 (83.5%) 0.00 26
    2019-03-01 $173,571 (74.4%) $205,424 (62.1%) 0.00 30
    2019-04-01 $157,500 (28.6%) $193,476 (30.3%) 0.00 28
    2019-05-01 $147,000 (18.8%) $180,250 (17.4%) 0.00 26
    2019-06-01 $150,000 (20.0%) $169,954 (7.1%) 0.00 23
    2019-07-01 $157,750 (33.7%) $182,034 (12.6%) 0.00 24
    2019-08-01 $169,909 (36.0%) $192,160 (16.9%) 0.00 23
    2019-09-01 $161,523 (15.5%) $197,140 (14.2%) 0.00 22
    2019-10-01 $155,000 (5.1%) $199,675 (18.9%) 0.00 21
    2019-11-01 $145,000 (-4.1%) $165,365 (-15.4%) 0.00 20
    2019-12-01 $154,500 (-0.3%) $172,031 (-11.4%) 0.00 21
    2020-01-01 $184,500 (7.0%) $197,331 (-1.7%) 0.00 24
    2020-02-01 $184,500 (0.2%) $188,575 (-11.4%) 0.00 25
    2020-03-01 $150,000 (-13.6%) $177,191 (-13.7%) 0.00 28
    2020-04-01 $161,250 (2.4%) $182,971 (-5.4%) 0.00 22
    2020-05-01 $169,999 (15.7%) $204,021 (13.2%) 0.00 22
    2020-06-01 $172,374 (14.9%) $201,610 (18.6%) 0.00 25
    2020-07-01 $156,000 (-1.1%) $180,715 (-0.7%) 0.00 26
    2020-08-01 $135,000 (-20.6%) $160,113 (-16.7%) 0.00 24
    2020-09-01 $127,250 (-21.2%) $153,748 (-22.0%) 0.00 22
    2020-10-01 $144,000 (-7.1%) $167,795 (-16.0%) 0.00 22
    2020-11-01 $153,850 (6.1%) $170,278 (3.0%) 0.00 21
    2020-12-01 $141,450 (-8.5%) $163,200 (-5.1%) 0.00 24
    2021-01-01 $135,000 (-26.8%) $158,217 (-19.8%) 0.00 21
    2021-02-01 $140,900 (-23.6%) $167,444 (-11.2%) 0.00 19
    2021-03-01 $138,950 (-7.4%) $162,657 (-8.2%) 0.00 16
    2021-04-01 $143,750 (-10.9%) $164,396 (-10.2%) 0.00 14
    2021-05-01 $119,500 (-29.7%) $127,965 (-37.3%) 0.00 20
    2021-06-01 $137,500 (-20.2%) $148,391 (-26.4%) 0.00 22
    2021-07-01 $130,000 (-16.7%) $139,181 (-23.0%) 0.00 22
    2021-08-01 $135,625 (0.5%) $150,197 (-6.2%) 0.00 23
    2021-09-01 $137,125 (7.8%) $152,045 (-1.1%) 0.00 25
    2021-10-01 $141,500 (-1.7%) $155,259 (-7.5%) 0.00 21
    2021-11-01 $139,000 (-9.7%) $143,853 (-15.5%) 0.00 20
    2021-12-01 $129,500 (-8.5%) $149,715 (-8.3%) 0.00 25
    2022-01-01 $139,000 (3.0%) $150,139 (-5.1%) 0.00 23
    2022-02-01 $154,350 (9.6%) $173,775 (3.8%) 0.00 13
    2022-03-01 $159,700 (14.9%) $180,231 (10.8%) 0.00 12
    2022-04-01 $175,250 (21.9%) $202,808 (23.4%) 0.00 12
    2022-05-01 $211,500 (77.0%) $239,337 (87.0%) 0.00 11
    2022-06-01 $218,750 (59.1%) $241,681 (62.9%) 0.00 14
    2022-07-01 $199,950 (53.8%) $220,394 (58.4%) 0.00 21
    2022-08-01 $195,000 (43.8%) $223,109 (48.5%) 0.00 29
    2022-09-01 $187,499 (36.7%) $227,749 (49.8%) 0.00 37
    2022-10-01 $190,000 (34.3%) $226,018 (45.6%) 0.00 34
    2022-11-01 $181,225 (30.4%) $218,611 (52.0%) 0.00 38
    2022-12-01 $156,000 (20.5%) $211,640 (41.4%) 0.00 39
    2023-01-01 $176,250 (26.8%) $216,948 (44.5%) 0.00 32
    2023-02-01 $172,000 (11.4%) $209,452 (20.5%) 0.00 32
    2023-03-01 $155,998 (-2.3%) $202,512 (12.4%) 0.00 25
    2023-04-01 $170,000 (-3.0%) $213,788 (5.4%) 0.00 23
    2023-05-01 $189,750 (-10.3%) $227,940 (-4.8%) 0.00 21
    2023-06-01 $219,225 (0.2%) $236,536 (-2.1%) 0.00 22
    2023-07-01 $169,000 (-15.5%) $208,524 (-5.4%) 0.00 33
    2023-08-01 $180,000 (-7.7%) $213,755 (-4.2%) 0.00 38
    2023-09-01 $185,000 (-1.3%) $217,087 (-4.7%) 0.00 38
    2023-10-01 $190,000 (0.0%) $217,649 (-3.7%) 0.00 40
    2023-11-01 $192,000 (6.0%) $219,062 (0.2%) 0.00 34
    2023-12-01 $195,000 (25.0%) $222,763 (5.3%) 0.00 35
    2024-01-01 $190,250 (7.9%) $218,453 (0.7%) 0.00 34
    2024-02-01 $191,500 (11.3%) $224,341 (7.1%) 0.00 33
    2024-03-01 $187,000 (19.9%) $205,623 (1.5%) 0.00 34
    2024-04-01 $180,875 (6.4%) $209,666 (-1.9%) 0.00 36
    2024-05-01 $180,500 (-4.9%) $206,238 (-9.5%) 0.00 41
    2024-06-01 $178,000 (-18.8%) $199,960 (-15.5%) 0.00 37
    2024-07-01 $172,463 (2.1%) $180,696 (-13.4%) 0.00 38
    2024-08-01 $175,000 (-2.8%) $228,817 (7.1%) 0.00 37
    2024-09-01 $187,000 (1.1%) $248,585 (14.5%) 0.00 31
    2024-10-01 $181,500 (-4.5%) $261,421 (20.1%) 0.00 28
    2024-11-01 $187,000 (-2.6%) $265,011 (21.0%) 0.00 28
    Lamesa's median listing price for 2024-11-01 was $187,000, a difference of $-5,000 (-2.6%) versus the prior year and $5,500 versus the prior month.

    Lamesa's median listing price comes in at 0% of the national average.

    Lamesa's average listing price for 2024-11-01 was $265,011, a difference of $45,949 (21.0%) versus the prior year and $3,590 versus the prior month.

    For the 2024-11-01 period, Lamesa had 28 MLS listings, a difference of 0 listings (0%) versus the prior month and -6 listings (-18%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Lamesa (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,822 sqft
    2018-02-01 0 days 1,831 sqft
    2018-03-01 0 days 1,965 sqft
    2018-04-01 0 days 2,016 sqft
    2018-05-01 0 days 2,123 sqft
    2018-06-01 0 days 2,077 sqft
    2018-07-01 0 days 2,141 sqft
    2018-08-01 0 days 2,088 sqft
    2018-09-01 0 days 2,166 sqft
    2018-10-01 0 days 2,159 sqft
    2018-11-01 0 days 2,245 sqft
    2018-12-01 0 days 2,222 sqft
    2019-01-01 0 days 2,314 sqft
    2019-02-01 0 days 2,418 sqft
    2019-03-01 0 days 2,246 sqft
    2019-04-01 0 days 2,101 sqft
    2019-05-01 0 days 2,147 sqft
    2019-06-01 0 days 2,088 sqft
    2019-07-01 0 days 2,236 sqft
    2019-08-01 0 days 2,305 sqft
    2019-09-01 0 days 2,359 sqft
    2019-10-01 0 days 2,398 sqft
    2019-11-01 0 days 2,187 sqft
    2019-12-01 0 days 2,227 sqft
    2020-01-01 0 days 2,398 sqft
    2020-02-01 0 days 2,287 sqft
    2020-03-01 0 days 2,114 sqft
    2020-04-01 0 days 2,107 sqft
    2020-05-01 0 days 2,139 sqft
    2020-06-01 0 days 2,149 sqft
    2020-07-01 0 days 2,129 sqft
    2020-08-01 0 days 2,119 sqft
    2020-09-01 0 days 1,974 sqft
    2020-10-01 0 days 2,106 sqft
    2020-11-01 0 days 2,151 sqft
    2020-12-01 0 days 1,979 sqft
    2021-01-01 0 days 2,059 sqft
    2021-02-01 0 days 2,253 sqft
    2021-03-01 0 days 2,186 sqft
    2021-04-01 0 days 2,163 sqft
    2021-05-01 0 days 1,589 sqft
    2021-06-01 0 days 1,864 sqft
    2021-07-01 0 days 1,927 sqft
    2021-08-01 0 days 1,856 sqft
    2021-09-01 0 days 1,913 sqft
    2021-10-01 0 days 1,927 sqft
    2021-11-01 0 days 1,927 sqft
    2021-12-01 0 days 1,904 sqft
    2022-01-01 0 days 1,979 sqft
    2022-02-01 0 days 2,120 sqft
    2022-03-01 0 days 2,065 sqft
    2022-04-01 0 days 2,001 sqft
    2022-05-01 0 days 2,177 sqft
    2022-06-01 0 days 2,338 sqft
    2022-07-01 0 days 2,033 sqft
    2022-08-01 0 days 2,084 sqft
    2022-09-01 0 days 2,093 sqft
    2022-10-01 0 days 2,268 sqft
    2022-11-01 0 days 2,265 sqft
    2022-12-01 0 days 2,105 sqft
    2023-01-01 0 days 2,302 sqft
    2023-02-01 0 days 2,220 sqft
    2023-03-01 0 days 2,257 sqft
    2023-04-01 0 days 2,290 sqft
    2023-05-01 0 days 2,168 sqft
    2023-06-01 0 days 2,520 sqft
    2023-07-01 0 days 1,955 sqft
    2023-08-01 0 days 1,904 sqft
    2023-09-01 0 days 1,984 sqft
    2023-10-01 0 days 2,048 sqft
    2023-11-01 0 days 2,048 sqft
    2023-12-01 0 days 2,180 sqft
    2024-01-01 0 days 2,116 sqft
    2024-02-01 0 days 2,192 sqft
    2024-03-01 0 days 2,180 sqft
    2024-04-01 0 days 2,104 sqft
    2024-05-01 0 days 2,092 sqft
    2024-06-01 0 days 2,030 sqft
    2024-07-01 0 days 1,869 sqft
    2024-08-01 0 days 1,871 sqft
    2024-09-01 0 days 2,117 sqft
    2024-10-01 0 days 2,209 sqft
    2024-11-01 0 days 2,197 sqft
    Lamesa's median listing age (time on market) for 2024-11-01 was 0 days.

    Lamesa's median square footage for active listings during the 2024-11-01 period was 2,197 sqft. One year prior, the average listing was 2,048 sqft.