Lubbock USDA Loan Rates, Closing Costs & Stats

LUBBOCK, 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.

    Lubbock's 11 lenders originated 25 USDA loans during 2023. The total origination value was $5,245,000, with an average USDA loan value of $209,800.

    Lubbock USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Lubbock averaged 6.25% for the week of 2025-02-14, compared to the national average (all USDA variants) of 6.526% for the same period.

    Lubbock's average USDA mortgage closing costs are $5,677.

    The average rate for the prior week (2025-02-07) was 6.61% and one month ago for the week of 2025-01-10, the average rate was 6.66%.

    The average rate one year ago was 6.45%.

    For refis of the same type during the week of 2025-02-14, the average rate was 6.83%.

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

    Lubbock 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 Lubbock level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    CARDINAL FINANCIAL 7 5.68% $8,991
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 5 6.23% $6,899
    T2 FINANCIAL LLC 3 6.63% $6,635
    THRIVE MORTGAGE, LLC 2 6.06% $12,522
    GUARANTY HOME MORTGAGE CORPORATION 1 5.50% $3,570
    Paramount Residential Mortgage Group, Inc. 1 6.88% $6,909
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 6.13% $11,425
    UNITED WHOLESALE MORTGAGE, LLC 1 5.43% $12,083
    City Bank 1 6.13% $6,451
    DHI MORTGAGE COMPANY, LTD. 1 5.50% $5,744
    FLAT BRANCH MORTGAGE, INC. 1 6.75% $6,918

    The top Lubbock USDA lender as defined by loan originations is CARDINAL FINANCIAL, with 7 USDA loans originated. Their average total fees are $8,991, which is $2,093 higher than the next largest lender, ARK-LA-TEX FINANCIAL SERVICES, LLC..

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

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

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Lubbock (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 $217,738 (5.7%) $272,662 (2.0%) 0.83 1,121
    2018-02-01 $227,725 (5.4%) $286,330 (2.9%) 0.85 1,091
    2018-03-01 $229,995 (-1.9%) $290,910 (0.2%) 0.82 1,080
    2018-04-01 $241,273 (-7.2%) $300,057 (-1.7%) 0.83 1,080
    2018-05-01 $239,500 (-7.9%) $296,375 (-3.8%) 0.82 1,121
    2018-06-01 $235,000 (-8.0%) $295,419 (-2.6%) 0.80 1,214
    2018-07-01 $232,450 (-5.1%) $287,781 (-2.6%) 0.78 1,282
    2018-08-01 $229,975 (-2.1%) $288,313 (0.2%) 0.79 1,293
    2018-09-01 $224,900 (-1.0%) $281,684 (-1.3%) 0.76 1,298
    2018-10-01 $218,450 (-3.8%) $275,752 (-3.2%) 0.75 1,318
    2018-11-01 $214,000 (-5.7%) $271,422 (-4.1%) 0.73 1,284
    2018-12-01 $209,950 (-6.7%) $268,410 (-4.5%) 0.74 1,256
    2019-01-01 $211,250 (-3.0%) $271,907 (-0.3%) 0.75 1,186
    2019-02-01 $216,238 (-5.0%) $275,958 (-3.6%) 0.75 1,148
    2019-03-01 $226,000 (-1.7%) $277,456 (-4.6%) 0.76 1,094
    2019-04-01 $235,450 (-2.4%) $281,875 (-6.1%) 0.76 1,043
    2019-05-01 $239,800 (0.1%) $290,136 (-2.1%) 0.77 1,029
    2019-06-01 $241,500 (2.8%) $293,664 (-0.6%) 0.78 1,035
    2019-07-01 $232,125 (-0.1%) $286,427 (-0.5%) 0.76 1,034
    2019-08-01 $222,941 (-3.1%) $275,918 (-4.3%) 0.74 1,016
    2019-09-01 $212,427 (-5.6%) $265,447 (-5.8%) 0.71 1,007
    2019-10-01 $208,288 (-4.7%) $259,554 (-5.9%) 0.70 997
    2019-11-01 $218,250 (2.0%) $263,528 (-2.9%) 0.74 982
    2019-12-01 $225,500 (7.4%) $270,247 (0.7%) 0.78 917
    2020-01-01 $226,225 (7.1%) $329,445 (21.2%) 0.79 886
    2020-02-01 $230,000 (6.4%) $279,056 (1.1%) 0.77 924
    2020-03-01 $234,900 (3.9%) $285,180 (2.8%) 0.75 919
    2020-04-01 $235,650 (0.1%) $291,164 (3.3%) 0.76 937
    2020-05-01 $242,700 (1.2%) $296,014 (2.0%) 0.76 837
    2020-06-01 $243,600 (0.9%) $301,878 (2.8%) 0.74 771
    2020-07-01 $241,275 (3.9%) $306,954 (7.2%) 0.72 753
    2020-08-01 $250,000 (12.1%) $313,230 (13.5%) 0.75 704
    2020-09-01 $250,875 (18.1%) $314,464 (18.5%) 0.75 696
    2020-10-01 $237,900 (14.2%) $296,420 (14.2%) 0.71 702
    2020-11-01 $222,475 (1.9%) $284,579 (8.0%) 0.68 667
    2020-12-01 $228,200 (1.2%) $287,124 (6.3%) 0.71 611
    2021-01-01 $249,700 (10.4%) $287,816 (-12.6%) 0.77 546
    2021-02-01 $254,885 (10.8%) $302,223 (8.3%) 0.79 448
    2021-03-01 $256,500 (9.2%) $314,927 (10.4%) 0.82 388
    2021-04-01 $291,475 (23.7%) $337,071 (15.8%) 0.84 386
    2021-05-01 $319,945 (31.8%) $358,517 (21.1%) 0.86 392
    2021-06-01 $290,250 (19.2%) $349,759 (15.9%) 0.81 475
    2021-07-01 $279,900 (16.0%) $349,806 (14.0%) 0.76 552
    2021-08-01 $287,500 (15.0%) $343,958 (9.8%) 0.79 580
    2021-09-01 $271,000 (8.0%) $329,680 (4.8%) 0.74 597
    2021-10-01 $272,000 (14.3%) $329,900 (11.3%) 0.75 583
    2021-11-01 $278,750 (25.3%) $340,153 (19.5%) 0.78 543
    2021-12-01 $285,000 (24.9%) $336,950 (17.4%) 0.79 475
    2022-01-01 $295,000 (18.1%) $339,171 (17.8%) 0.81 413
    2022-02-01 $347,000 (36.1%) $380,594 (25.9%) 0.93 343
    2022-03-01 $335,750 (30.9%) $382,629 (21.5%) 0.88 347
    2022-04-01 $345,000 (18.4%) $393,424 (16.7%) 0.83 366
    2022-05-01 $337,823 (5.6%) $383,190 (6.9%) 0.80 498
    2022-06-01 $328,750 (13.3%) $375,917 (7.5%) 0.76 596
    2022-07-01 $316,375 (13.0%) $364,360 (4.2%) 0.72 756
    2022-08-01 $312,475 (8.7%) $350,256 (1.8%) 0.74 849
    2022-09-01 $301,950 (11.4%) $348,299 (5.7%) 0.73 911
    2022-10-01 $308,780 (13.5%) $351,630 (6.6%) 0.75 955
    2022-11-01 $298,225 (7.0%) $346,370 (1.8%) 0.73 991
    2022-12-01 $292,995 (2.8%) $347,531 (3.1%) 0.73 998
    2023-01-01 $290,125 (-1.7%) $340,873 (0.5%) 0.74 974
    2023-02-01 $298,975 (-13.8%) $344,292 (-9.5%) 0.72 964
    2023-03-01 $298,650 (-11.1%) $347,609 (-9.2%) 0.71 959
    2023-04-01 $305,000 (-11.6%) $367,002 (-6.7%) 0.73 944
    2023-05-01 $298,375 (-11.7%) $362,246 (-5.5%) 0.69 1,059
    2023-06-01 $302,575 (-8.0%) $358,784 (-4.6%) 0.69 1,115
    2023-07-01 $299,900 (-5.2%) $362,173 (-0.6%) 0.69 1,177
    2023-08-01 $289,975 (-7.2%) $358,212 (2.3%) 0.68 1,236
    2023-09-01 $283,275 (-6.2%) $346,808 (-0.4%) 0.67 1,348
    2023-10-01 $270,973 (-12.2%) $337,808 (-3.9%) 0.64 1,370
    2023-11-01 $259,800 (-12.9%) $324,936 (-6.2%) 0.62 1,409
    2023-12-01 $256,000 (-12.6%) $324,863 (-6.5%) 0.63 1,328
    2024-01-01 $257,568 (-11.2%) $323,349 (-5.1%) 0.63 1,287
    2024-02-01 $259,995 (-13.0%) $323,270 (-6.1%) 0.63 1,298
    2024-03-01 $265,000 (-11.3%) $330,393 (-5.0%) 0.63 1,334
    2024-04-01 $267,125 (-12.4%) $431,897 (17.7%) 0.62 1,407
    2024-05-01 $265,450 (-11.0%) $337,292 (-6.9%) 0.61 1,618
    2024-06-01 $264,500 (-12.6%) $338,153 (-5.8%) 0.60 1,862
    2024-07-01 $258,948 (-13.7%) $335,862 (-7.3%) 0.59 2,071
    2024-08-01 $254,990 (-12.1%) $329,428 (-8.0%) 0.59 2,196
    2024-09-01 $246,698 (-12.9%) $327,983 (-5.4%) 0.59 1,689
    2024-10-01 $245,000 (-9.6%) $329,225 (-2.5%) 0.58 1,651
    2024-11-01 $248,000 (-4.5%) $332,027 (2.2%) 0.60 1,583
    2024-12-01 $249,000 (-2.7%) $333,075 (2.5%) 0.62 1,410
    2025-01-01 $250,000 (-2.9%) $335,062 (3.6%) 0.00 1,358
    Lubbock's median listing price for 2025-01-01 was $250,000, a difference of $-7,568 (-2.9%) versus the prior year and $1,000 versus the prior month.

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

    Lubbock's average listing price for 2025-01-01 was $335,062, a difference of $11,713 (3.6%) versus the prior year and $1,987 versus the prior month.

    For the 2025-01-01 period, Lubbock had 1,358 MLS listings, a difference of -52 listings (-4%) versus the prior month and 71 listings (6%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Lubbock (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 56 days 2,238 sqft
    2018-02-01 40 days 2,302 sqft
    2018-03-01 43 days 2,311 sqft
    2018-04-01 43 days 2,366 sqft
    2018-05-01 38 days 2,347 sqft
    2018-06-01 40 days 2,309 sqft
    2018-07-01 42 days 2,263 sqft
    2018-08-01 44 days 2,272 sqft
    2018-09-01 46 days 2,220 sqft
    2018-10-01 46 days 2,187 sqft
    2018-11-01 49 days 2,182 sqft
    2018-12-01 58 days 2,149 sqft
    2019-01-01 64 days 2,147 sqft
    2019-02-01 49 days 2,153 sqft
    2019-03-01 45 days 2,172 sqft
    2019-04-01 45 days 2,197 sqft
    2019-05-01 44 days 2,212 sqft
    2019-06-01 40 days 2,262 sqft
    2019-07-01 46 days 2,238 sqft
    2019-08-01 47 days 2,198 sqft
    2019-09-01 47 days 2,137 sqft
    2019-10-01 49 days 2,101 sqft
    2019-11-01 47 days 2,112 sqft
    2019-12-01 57 days 2,095 sqft
    2020-01-01 60 days 2,086 sqft
    2020-02-01 43 days 2,095 sqft
    2020-03-01 42 days 2,104 sqft
    2020-04-01 47 days 2,126 sqft
    2020-05-01 51 days 2,154 sqft
    2020-06-01 42 days 2,136 sqft
    2020-07-01 36 days 2,145 sqft
    2020-08-01 44 days 2,198 sqft
    2020-09-01 44 days 2,204 sqft
    2020-10-01 43 days 2,111 sqft
    2020-11-01 46 days 2,014 sqft
    2020-12-01 47 days 1,991 sqft
    2021-01-01 47 days 2,002 sqft
    2021-02-01 39 days 2,052 sqft
    2021-03-01 37 days 2,086 sqft
    2021-04-01 25 days 2,145 sqft
    2021-05-01 24 days 2,218 sqft
    2021-06-01 24 days 2,202 sqft
    2021-07-01 29 days 2,175 sqft
    2021-08-01 32 days 2,133 sqft
    2021-09-01 36 days 2,085 sqft
    2021-10-01 42 days 2,102 sqft
    2021-11-01 44 days 2,078 sqft
    2021-12-01 49 days 2,076 sqft
    2022-01-01 44 days 2,105 sqft
    2022-02-01 31 days 2,203 sqft
    2022-03-01 25 days 2,179 sqft
    2022-04-01 22 days 2,133 sqft
    2022-05-01 21 days 2,114 sqft
    2022-06-01 25 days 2,093 sqft
    2022-07-01 28 days 2,100 sqft
    2022-08-01 31 days 2,092 sqft
    2022-09-01 36 days 2,082 sqft
    2022-10-01 38 days 2,092 sqft
    2022-11-01 44 days 2,059 sqft
    2022-12-01 50 days 2,031 sqft
    2023-01-01 52 days 2,018 sqft
    2023-02-01 41 days 2,031 sqft
    2023-03-01 44 days 2,047 sqft
    2023-04-01 40 days 2,101 sqft
    2023-05-01 33 days 2,067 sqft
    2023-06-01 37 days 2,090 sqft
    2023-07-01 37 days 2,069 sqft
    2023-08-01 44 days 2,045 sqft
    2023-09-01 45 days 2,000 sqft
    2023-10-01 40 days 1,919 sqft
    2023-11-01 47 days 1,893 sqft
    2023-12-01 59 days 1,878 sqft
    2024-01-01 63 days 1,862 sqft
    2024-02-01 48 days 1,859 sqft
    2024-03-01 40 days 1,915 sqft
    2024-04-01 39 days 1,916 sqft
    2024-05-01 43 days 1,895 sqft
    2024-06-01 61 days 1,907 sqft
    2024-07-01 80 days 1,902 sqft
    2024-08-01 93 days 1,885 sqft
    2024-09-01 48 days 1,871 sqft
    2024-10-01 52 days 1,874 sqft
    2024-11-01 59 days 1,886 sqft
    2024-12-01 65 days 1,907 sqft
    2025-01-01 0 days 1,902 sqft
    Lubbock's median listing age (time on market) for 2025-01-01 was 0 days. This is -100% shorter than the same period one year ago.

    Lubbock's median square footage for active listings during the 2025-01-01 period was 1,902 sqft. One year prior, the average listing was 1,862 sqft.