Levelland USDA Loan Rates, Closing Costs & Stats
Levelland, 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.
Levelland's 3 lenders originated 11 USDA loans during 2023. The total origination value was $1,755,000, with an average USDA loan value of $159,545.
Levelland USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Levelland
averaged
6.89%
for the week of 2024-04-12, compared to the national average (all USDA variants) of
6.705% for the same period.
Levelland's average USDA mortgage closing costs are $5,658.
The average rate for the prior week (2024-04-05) was
6.82% and
one month ago for the week of 2024-03-08, the
average rate was 6.58%.
The average rate one year ago was 6.58%.
For refis of the same type during the week of 2024-04-12, the average rate
was 6.51%.
Levelland 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 Levelland level.
| Name | # of Loans | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
|---|---|---|---|
| FLAT BRANCH MORTGAGE, INC. | 9 | 6.35% | $7,219 |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | 1 | 6.88% | $2,820 |
| GUILD MORTGAGE COMPANY | 1 | 6.13% | $20,912 |
The top Levelland USDA lender as defined by loan originations is FLAT BRANCH MORTGAGE, INC., with
9 USDA loans originated. Their average total fees are
$7,219, which is $4,399
higher than the next largest lender,
ARK-LA-TEX FINANCIAL SERVICES, LLC..
The lowest fee Levelland USDA lenders (with over 10 loans originated) are
.
The lowest rate Levelland USDA lenders (with over 10 loans originated) are
.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Levelland (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 | $169,900 (-5.0%) | $191,059 (-4.8%) | 0.00 | 62 |
| 2018-02-01 | $173,650 (-1.8%) | $197,694 (-0.7%) | 0.00 | 59 |
| 2018-03-01 | $184,000 (3.0%) | $221,670 (9.7%) | 0.00 | 48 |
| 2018-04-01 | $202,450 (30.7%) | $226,264 (12.8%) | 0.00 | 51 |
| 2018-05-01 | $203,050 (35.5%) | $223,194 (12.0%) | 0.00 | 48 |
| 2018-06-01 | $207,450 (35.6%) | $221,782 (13.4%) | 0.00 | 49 |
| 2018-07-01 | $187,500 (25.1%) | $213,085 (16.5%) | 0.00 | 54 |
| 2018-08-01 | $179,800 (29.8%) | $208,413 (20.8%) | 0.00 | 55 |
| 2018-09-01 | $165,000 (11.9%) | $190,893 (10.6%) | 0.00 | 58 |
| 2018-10-01 | $165,000 (-2.9%) | $196,949 (2.8%) | 0.00 | 59 |
| 2018-11-01 | $171,975 (1.2%) | $208,456 (10.6%) | 0.00 | 56 |
| 2018-12-01 | $164,900 (-2.9%) | $201,085 (6.0%) | 0.00 | 56 |
| 2019-01-01 | $156,450 (-7.9%) | $189,173 (-1.0%) | 0.00 | 59 |
| 2019-02-01 | $147,500 (-15.1%) | $203,360 (2.9%) | 0.00 | 60 |
| 2019-03-01 | $138,557 (-24.7%) | $208,862 (-5.8%) | 0.00 | 55 |
| 2019-04-01 | $141,570 (-30.1%) | $206,669 (-8.7%) | 0.00 | 56 |
| 2019-05-01 | $143,750 (-29.2%) | $192,655 (-13.7%) | 0.00 | 46 |
| 2019-06-01 | $140,000 (-32.5%) | $187,971 (-15.2%) | 0.00 | 44 |
| 2019-07-01 | $138,750 (-26.0%) | $171,119 (-19.7%) | 0.00 | 59 |
| 2019-08-01 | $135,909 (-24.4%) | $159,699 (-23.4%) | 0.00 | 64 |
| 2019-09-01 | $129,773 (-21.4%) | $150,033 (-21.4%) | 0.00 | 63 |
| 2019-10-01 | $125,000 (-24.2%) | $151,948 (-22.9%) | 0.00 | 63 |
| 2019-11-01 | $122,250 (-28.9%) | $157,494 (-24.5%) | 0.00 | 61 |
| 2019-12-01 | $126,875 (-23.1%) | $163,996 (-18.4%) | 0.00 | 65 |
| 2020-01-01 | $125,725 (-19.6%) | $163,516 (-13.6%) | 0.00 | 64 |
| 2020-02-01 | $125,000 (-15.3%) | $162,777 (-20.0%) | 0.00 | 59 |
| 2020-03-01 | $149,900 (8.2%) | $180,595 (-13.5%) | 0.00 | 58 |
| 2020-04-01 | $147,450 (4.2%) | $165,114 (-20.1%) | 0.00 | 57 |
| 2020-05-01 | $149,950 (4.3%) | $168,274 (-12.7%) | 0.00 | 61 |
| 2020-06-01 | $151,425 (8.2%) | $164,718 (-12.4%) | 0.00 | 57 |
| 2020-07-01 | $126,450 (-8.9%) | $155,122 (-9.4%) | 0.00 | 52 |
| 2020-08-01 | $142,200 (4.6%) | $153,186 (-4.1%) | 0.00 | 51 |
| 2020-09-01 | $137,750 (6.2%) | $164,371 (9.6%) | 0.00 | 47 |
| 2020-10-01 | $143,000 (14.4%) | $171,540 (12.9%) | 0.00 | 48 |
| 2020-11-01 | $136,500 (11.7%) | $184,192 (17.0%) | 0.00 | 45 |
| 2020-12-01 | $144,250 (13.7%) | $186,822 (13.9%) | 0.00 | 47 |
| 2021-01-01 | $114,900 (-8.6%) | $177,249 (8.4%) | 0.00 | 42 |
| 2021-02-01 | $124,500 (-0.4%) | $176,670 (8.5%) | 0.00 | 36 |
| 2021-03-01 | $122,500 (-18.3%) | $159,148 (-11.9%) | 0.00 | 35 |
| 2021-04-01 | $110,000 (-25.4%) | $152,281 (-7.8%) | 0.00 | 29 |
| 2021-05-01 | $152,700 (1.8%) | $213,614 (26.9%) | 0.00 | 14 |
| 2021-06-01 | $185,000 (22.2%) | $227,084 (37.9%) | 0.00 | 22 |
| 2021-07-01 | $171,000 (35.2%) | $251,093 (61.9%) | 0.00 | 23 |
| 2021-08-01 | $172,000 (21.0%) | $260,759 (70.2%) | 0.00 | 29 |
| 2021-09-01 | $169,250 (22.9%) | $254,955 (55.1%) | 0.00 | 36 |
| 2021-10-01 | $180,000 (25.9%) | $265,265 (54.6%) | 0.00 | 37 |
| 2021-11-01 | $172,250 (26.2%) | $249,823 (35.6%) | 0.00 | 38 |
| 2021-12-01 | $172,450 (19.6%) | $245,955 (31.7%) | 0.00 | 30 |
| 2022-01-01 | $194,450 (69.2%) | $243,246 (37.2%) | 0.00 | 25 |
| 2022-02-01 | $181,425 (45.7%) | $274,671 (55.5%) | 0.00 | 21 |
| 2022-03-01 | $179,950 (46.9%) | $272,975 (71.5%) | 0.00 | 19 |
| 2022-04-01 | $193,500 (75.9%) | $295,910 (94.3%) | 0.00 | 16 |
| 2022-05-01 | $196,825 (28.9%) | $275,685 (29.1%) | 0.00 | 31 |
| 2022-06-01 | $228,500 (23.5%) | $285,641 (25.8%) | 0.00 | 35 |
| 2022-07-01 | $262,500 (53.5%) | $330,400 (31.6%) | 0.00 | 40 |
| 2022-08-01 | $242,700 (41.1%) | $270,886 (3.9%) | 0.00 | 51 |
| 2022-09-01 | $204,200 (20.7%) | $242,191 (-5.0%) | 0.00 | 55 |
| 2022-10-01 | $207,400 (15.2%) | $241,819 (-8.8%) | 0.00 | 56 |
| 2022-11-01 | $214,900 (24.8%) | $231,246 (-7.4%) | 0.00 | 57 |
| 2022-12-01 | $214,900 (24.6%) | $233,544 (-5.1%) | 0.00 | 48 |
| 2023-01-01 | $213,550 (9.8%) | $232,428 (-4.5%) | 0.00 | 47 |
| 2023-02-01 | $181,225 (-0.1%) | $219,913 (-19.9%) | 0.00 | 41 |
| 2023-03-01 | $214,225 (19.1%) | $252,408 (-7.5%) | 0.00 | 39 |
| 2023-04-01 | $223,000 (15.3%) | $286,809 (-3.1%) | 0.00 | 55 |
| 2023-05-01 | $239,450 (21.7%) | $281,831 (2.2%) | 0.00 | 65 |
| 2023-06-01 | $247,425 (8.3%) | $280,960 (-1.6%) | 0.00 | 72 |
| 2023-07-01 | $239,900 (-8.6%) | $291,408 (-11.8%) | 0.00 | 69 |
| 2023-08-01 | $231,425 (-4.7%) | $281,177 (3.8%) | 0.00 | 71 |
| 2023-09-01 | $230,200 (12.7%) | $264,586 (9.3%) | 0.00 | 84 |
| 2023-10-01 | $230,250 (11.0%) | $272,582 (12.7%) | 0.00 | 81 |
| 2023-11-01 | $224,900 (4.7%) | $271,074 (17.2%) | 0.00 | 78 |
| 2023-12-01 | $219,900 (2.3%) | $255,398 (9.4%) | 0.00 | 68 |
| 2024-01-01 | $207,250 (-3.0%) | $242,042 (4.1%) | 0.00 | 72 |
| 2024-02-01 | $219,575 (21.2%) | $250,082 (13.7%) | 0.00 | 77 |
| 2024-03-01 | $224,700 (4.9%) | $244,821 (-3.0%) | 0.00 | 65 |
Levelland's median listing price comes in at 0% of the national average.
Levelland's average listing price for 2024-03-01 was $244,821, a difference of $-7,587 (-3.0%) versus the prior year and $-5,261 versus the prior month.
For the 2024-03-01 period, Levelland had 65 MLS listings, a difference of -12 listings (-16%) versus the prior month and 26 listings (67%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Levelland (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 0 days | 2,139 sqft |
| 2018-02-01 | 0 days | 2,236 sqft |
| 2018-03-01 | 0 days | 2,321 sqft |
| 2018-04-01 | 0 days | 2,311 sqft |
| 2018-05-01 | 0 days | 2,429 sqft |
| 2018-06-01 | 0 days | 2,304 sqft |
| 2018-07-01 | 0 days | 2,227 sqft |
| 2018-08-01 | 0 days | 2,126 sqft |
| 2018-09-01 | 0 days | 2,049 sqft |
| 2018-10-01 | 0 days | 2,029 sqft |
| 2018-11-01 | 0 days | 2,157 sqft |
| 2018-12-01 | 0 days | 2,148 sqft |
| 2019-01-01 | 0 days | 2,039 sqft |
| 2019-02-01 | 0 days | 1,996 sqft |
| 2019-03-01 | 0 days | 1,984 sqft |
| 2019-04-01 | 0 days | 2,033 sqft |
| 2019-05-01 | 0 days | 1,918 sqft |
| 2019-06-01 | 0 days | 1,899 sqft |
| 2019-07-01 | 0 days | 1,747 sqft |
| 2019-08-01 | 0 days | 1,722 sqft |
| 2019-09-01 | 0 days | 1,698 sqft |
| 2019-10-01 | 0 days | 1,683 sqft |
| 2019-11-01 | 0 days | 1,691 sqft |
| 2019-12-01 | 0 days | 1,789 sqft |
| 2020-01-01 | 0 days | 1,789 sqft |
| 2020-02-01 | 0 days | 1,822 sqft |
| 2020-03-01 | 0 days | 1,935 sqft |
| 2020-04-01 | 0 days | 1,865 sqft |
| 2020-05-01 | 0 days | 1,898 sqft |
| 2020-06-01 | 0 days | 1,933 sqft |
| 2020-07-01 | 0 days | 1,915 sqft |
| 2020-08-01 | 0 days | 1,911 sqft |
| 2020-09-01 | 0 days | 1,959 sqft |
| 2020-10-01 | 0 days | 1,947 sqft |
| 2020-11-01 | 0 days | 1,932 sqft |
| 2020-12-01 | 0 days | 1,936 sqft |
| 2021-01-01 | 0 days | 1,798 sqft |
| 2021-02-01 | 0 days | 1,771 sqft |
| 2021-03-01 | 0 days | 1,671 sqft |
| 2021-04-01 | 0 days | 1,612 sqft |
| 2021-05-01 | 0 days | 1,715 sqft |
| 2021-06-01 | 0 days | 2,078 sqft |
| 2021-07-01 | 0 days | 1,744 sqft |
| 2021-08-01 | 0 days | 1,930 sqft |
| 2021-09-01 | 0 days | 2,057 sqft |
| 2021-10-01 | 0 days | 2,148 sqft |
| 2021-11-01 | 0 days | 2,099 sqft |
| 2021-12-01 | 0 days | 2,064 sqft |
| 2022-01-01 | 0 days | 2,064 sqft |
| 2022-02-01 | 0 days | 1,806 sqft |
| 2022-03-01 | 0 days | 1,813 sqft |
| 2022-04-01 | 0 days | 2,305 sqft |
| 2022-05-01 | 0 days | 1,912 sqft |
| 2022-06-01 | 0 days | 2,204 sqft |
| 2022-07-01 | 0 days | 2,422 sqft |
| 2022-08-01 | 0 days | 2,332 sqft |
| 2022-09-01 | 0 days | 2,005 sqft |
| 2022-10-01 | 0 days | 2,000 sqft |
| 2022-11-01 | 0 days | 1,881 sqft |
| 2022-12-01 | 0 days | 1,869 sqft |
| 2023-01-01 | 0 days | 2,110 sqft |
| 2023-02-01 | 0 days | 1,556 sqft |
| 2023-03-01 | 0 days | 2,116 sqft |
| 2023-04-01 | 0 days | 2,103 sqft |
| 2023-05-01 | 0 days | 2,120 sqft |
| 2023-06-01 | 0 days | 2,240 sqft |
| 2023-07-01 | 0 days | 2,243 sqft |
| 2023-08-01 | 0 days | 2,234 sqft |
| 2023-09-01 | 0 days | 2,108 sqft |
| 2023-10-01 | 0 days | 2,207 sqft |
| 2023-11-01 | 0 days | 2,190 sqft |
| 2023-12-01 | 0 days | 2,120 sqft |
| 2024-01-01 | 0 days | 2,066 sqft |
| 2024-02-01 | 0 days | 2,089 sqft |
| 2024-03-01 | 0 days | 2,073 sqft |
Levelland's median square footage for active listings during the 2024-03-01 period was 2,073 sqft. One year prior, the average listing was 2,116 sqft.