Levelland USDA Loan Rates, Closing Costs & Stats

Levelland, 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.

    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 0.09% for the week of 2024-11-15, compared to the national average (all USDA variants) of 0% for the same period.

    Levelland's average USDA mortgage closing costs are $5,658.

    The average rate for the prior week (2024-11-08) was 6.64% and one month ago for the week of 2024-10-11, the average rate was 6.1%.

    The average rate one year ago was 7.23%.

    For refis of the same type during the week of 2024-11-15, the average rate was 0%.

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

    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
    2024-04-01 $251,250 (12.7%) $279,408 (-2.6%) 0.00 60
    2024-05-01 $256,750 (7.2%) $280,194 (-0.6%) 0.00 66
    2024-06-01 $253,000 (2.3%) $271,965 (-3.2%) 0.00 81
    2024-07-01 $247,250 (3.1%) $260,864 (-10.5%) 0.00 86
    2024-08-01 $239,000 (3.3%) $252,286 (-10.3%) 0.00 85
    2024-09-01 $229,975 (-0.1%) $251,458 (-5.0%) 0.00 75
    2024-10-01 $227,600 (-1.2%) $254,490 (-6.6%) 0.00 67
    Levelland's median listing price for 2024-10-01 was $227,600, a difference of $-2,650 (-1.2%) versus the prior year and $-2,375 versus the prior month.

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

    Levelland's average listing price for 2024-10-01 was $254,490, a difference of $-18,092 (-6.6%) versus the prior year and $3,032 versus the prior month.

    For the 2024-10-01 period, Levelland had 67 MLS listings, a difference of -8 listings (-11%) versus the prior month and -14 listings (-17%) 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
    2024-04-01 0 days 2,150 sqft
    2024-05-01 0 days 2,191 sqft
    2024-06-01 0 days 2,176 sqft
    2024-07-01 0 days 2,158 sqft
    2024-08-01 0 days 2,108 sqft
    2024-09-01 0 days 2,110 sqft
    2024-10-01 0 days 2,147 sqft
    Levelland's median listing age (time on market) for 2024-10-01 was 0 days.

    Levelland's median square footage for active listings during the 2024-10-01 period was 2,147 sqft. One year prior, the average listing was 2,207 sqft.