Mcallen USDA Loan Rates, Closing Costs & Stats

MCALLEN-EDINBURG-MISSION, TX

  • JUMP TO:
  • Trends
  • Rates vs Fees
  • Top Lenders
  • Markets
  • Market Conditions & Pricing
  • Time on Market/Property Size

    • 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.

    Mcallen's 7 lenders originated 8 USDA loans during 2024. The total origination value was $1,440,000, with an average USDA loan value of $180,000.

    Mcallen USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Mcallen averaged 0.27% for the week of 2025-07-04, compared to the national average (all USDA variants) of 0% for the same period.

    Mcallen's average USDA mortgage closing costs are $7,094.

    The average rate for the prior week (2025-06-27) was 6.3% and one month ago for the week of 2025-05-30, the average rate was 6.49%.

    The average rate one year ago was 6.58%.

    For refis of the same type during the week of 2025-07-04, the average rate was -0.25%.

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

    Mcallen 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 Mcallen level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    CORNERSTONE HOME LENDING, INC. 1 6.87% $7,346
    DAS Acquisition Company, LLC 1 5.99% $9,363
    DIRECTIONS EQUITY, LLC 1 5.99% $11,703
    HOMESIDE FINANCIAL, LLC 1 6.25% $8,870
    PLAZA HOME MORTGAGE, INC. 1 6.50% $9,464
    S1L, Inc. 1 6.25% $10,794
    WILLOW BEND MORTGAGE COMPANY, LLC 1 6.13% $5,311

    The top Mcallen USDA lender as defined by loan originations is CORNERSTONE HOME LENDING, INC., with 1 USDA loans originated. Their average total fees are $7,346, which is $2,017 lower than the next largest lender, DAS Acquisition Company, LLC.

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

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

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Mcallen (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 $189,000 (2.2%) $243,293 (-1.0%) 0.70 2,103
    2018-02-01 $189,900 (2.7%) $243,498 (-0.9%) 0.69 2,106
    2018-03-01 $189,900 (0.5%) $247,255 (0.6%) 0.67 2,105
    2018-04-01 $195,000 (4.3%) $251,653 (3.2%) 0.66 2,047
    2018-05-01 $195,250 (3.1%) $252,491 (2.8%) 0.65 2,051
    2018-06-01 $198,000 (4.2%) $251,226 (2.1%) 0.66 2,081
    2018-07-01 $195,000 (2.6%) $249,817 (0.1%) 0.65 2,060
    2018-08-01 $195,375 (3.4%) $249,455 (0.9%) 0.65 2,011
    2018-09-01 $196,450 (3.5%) $250,037 (0.2%) 0.66 1,990
    2018-10-01 $192,000 (-0.1%) $243,792 (-2.0%) 0.65 2,022
    2018-11-01 $189,935 (-2.3%) $243,436 (-2.5%) 0.64 2,084
    2018-12-01 $189,900 (0.0%) $241,472 (-1.6%) 0.66 2,050
    2019-01-01 $189,700 (0.4%) $241,879 (-0.6%) 0.66 2,014
    2019-02-01 $189,950 (0.0%) $241,573 (-0.8%) 0.64 2,078
    2019-03-01 $191,857 (1.0%) $242,273 (-2.0%) 0.63 2,109
    2019-04-01 $195,000 (0.0%) $247,171 (-1.8%) 0.62 2,042
    2019-05-01 $197,250 (1.0%) $249,232 (-1.3%) 0.62 1,994
    2019-06-01 $198,970 (0.5%) $252,527 (0.5%) 0.62 2,010
    2019-07-01 $198,250 (1.7%) $256,158 (2.5%) 0.62 2,029
    2019-08-01 $197,182 (0.9%) $256,777 (2.9%) 0.62 2,026
    2019-09-01 $195,955 (-0.3%) $257,539 (3.0%) 0.63 2,014
    2019-10-01 $195,000 (1.6%) $258,477 (6.0%) 0.63 2,005
    2019-11-01 $195,000 (2.7%) $258,292 (6.1%) 0.64 1,960
    2019-12-01 $197,500 (4.0%) $259,832 (7.6%) 0.66 1,913
    2020-01-01 $195,125 (2.9%) $258,965 (7.1%) 0.65 1,849
    2020-02-01 $195,000 (2.7%) $258,596 (7.1%) 0.64 1,882
    2020-03-01 $199,000 (3.7%) $262,597 (8.4%) 0.62 1,850
    2020-04-01 $198,725 (1.9%) $263,046 (6.4%) 0.62 1,861
    2020-05-01 $199,400 (1.1%) $264,869 (6.3%) 0.61 1,708
    2020-06-01 $209,625 (5.4%) $274,497 (8.7%) 0.62 1,450
    2020-07-01 $213,599 (7.7%) $278,648 (8.8%) 0.62 1,279
    2020-08-01 $215,000 (9.0%) $279,508 (8.9%) 0.62 1,169
    2020-09-01 $221,500 (13.0%) $286,987 (11.4%) 0.63 1,061
    2020-10-01 $228,200 (17.0%) $289,883 (12.2%) 0.65 1,093
    2020-11-01 $228,550 (17.2%) $289,765 (12.2%) 0.67 1,154
    2020-12-01 $228,000 (15.4%) $294,272 (13.3%) 0.68 1,159
    2021-01-01 $220,000 (12.8%) $294,057 (13.6%) 0.66 1,115
    2021-02-01 $225,000 (15.4%) $303,598 (17.4%) 0.66 1,043
    2021-03-01 $234,750 (18.0%) $313,695 (19.5%) 0.67 957
    2021-04-01 $239,950 (20.7%) $320,371 (21.8%) 0.65 890
    2021-05-01 $249,900 (25.3%) $336,660 (27.1%) 0.66 814
    2021-06-01 $255,250 (21.8%) $350,470 (27.7%) 0.67 796
    2021-07-01 $260,000 (21.7%) $353,322 (26.8%) 0.69 808
    2021-08-01 $262,125 (21.9%) $354,293 (26.8%) 0.70 822
    2021-09-01 $264,700 (19.5%) $352,923 (23.0%) 0.71 987
    2021-10-01 $265,000 (16.1%) $348,299 (20.2%) 0.71 997
    2021-11-01 $261,000 (14.2%) $343,329 (18.5%) 0.70 1,015
    2021-12-01 $256,975 (12.7%) $339,851 (15.5%) 0.70 1,032
    2022-01-01 $259,000 (17.7%) $340,299 (15.7%) 0.70 943
    2022-02-01 $258,950 (15.1%) $343,963 (13.3%) 0.67 929
    2022-03-01 $258,901 (10.3%) $347,182 (10.7%) 0.65 900
    2022-04-01 $258,495 (7.7%) $352,418 (10.0%) 0.62 886
    2022-05-01 $275,000 (10.0%) $359,535 (6.8%) 0.63 957
    2022-06-01 $272,500 (6.8%) $362,516 (3.4%) 0.61 1,037
    2022-07-01 $270,000 (3.9%) $359,391 (1.7%) 0.61 1,186
    2022-08-01 $275,000 (4.9%) $352,458 (-0.5%) 0.64 1,311
    2022-09-01 $269,000 (1.6%) $342,482 (-3.0%) 0.63 1,422
    2022-10-01 $275,000 (3.8%) $349,368 (0.3%) 0.65 1,456
    2022-11-01 $278,850 (6.8%) $351,377 (2.3%) 0.67 1,535
    2022-12-01 $279,900 (8.9%) $351,991 (3.6%) 0.69 1,533
    2023-01-01 $280,200 (8.2%) $353,755 (4.0%) 0.69 1,561
    2023-02-01 $283,000 (9.3%) $357,159 (3.8%) 0.68 1,562
    2023-03-01 $285,000 (10.1%) $360,221 (3.8%) 0.67 1,541
    2023-04-01 $285,510 (10.5%) $359,392 (2.0%) 0.66 1,531
    2023-05-01 $287,125 (4.4%) $355,430 (-1.1%) 0.65 1,526
    2023-06-01 $289,000 (6.1%) $355,341 (-2.0%) 0.65 1,556
    2023-07-01 $288,000 (6.7%) $349,817 (-2.7%) 0.65 1,655
    2023-08-01 $286,500 (4.2%) $347,329 (-1.5%) 0.66 1,735
    2023-09-01 $285,000 (6.0%) $342,232 (-0.1%) 0.66 1,834
    2023-10-01 $280,000 (1.8%) $337,922 (-3.3%) 0.66 1,937
    2023-11-01 $279,925 (0.4%) $336,711 (-4.2%) 0.67 2,007
    2023-12-01 $279,000 (-0.3%) $331,910 (-5.7%) 0.68 2,041
    2024-01-01 $275,000 (-1.9%) $329,659 (-6.8%) 0.67 2,129
    2024-02-01 $275,000 (-2.8%) $327,181 (-8.4%) 0.66 2,212
    2024-03-01 $278,000 (-2.5%) $329,160 (-8.6%) 0.65 2,288
    2024-04-01 $277,500 (-2.8%) $333,372 (-7.2%) 0.65 2,272
    2024-05-01 $279,000 (-2.8%) $330,387 (-7.1%) 0.63 2,331
    2024-06-01 $272,000 (-5.9%) $328,307 (-7.6%) 0.62 2,379
    2024-07-01 $272,375 (-5.4%) $324,969 (-7.1%) 0.62 2,440
    2024-08-01 $278,250 (-2.9%) $327,440 (-5.7%) 0.65 2,469
    2024-09-01 $275,000 (-3.5%) $327,628 (-4.3%) 0.65 2,592
    2024-10-01 $273,625 (-2.3%) $327,110 (-3.2%) 0.64 2,658
    2024-11-01 $270,000 (-3.6%) $324,252 (-3.7%) 0.65 2,801
    2024-12-01 $270,000 (-3.2%) $323,586 (-2.5%) 0.67 2,793
    2025-01-01 $270,000 (-1.8%) $324,078 (-1.7%) 0.67 2,723
    2025-02-01 $271,500 (-1.3%) $323,736 (-1.1%) 0.66 2,865
    2025-03-01 $270,000 (-2.9%) $322,170 (-2.1%) 0.64 2,959
    2025-04-01 $271,745 (-2.1%) $323,600 (-2.9%) 0.63 2,993
    2025-05-01 $274,900 (-1.5%) $324,541 (-1.8%) 0.62 3,034
    Mcallen's median listing price for 2025-05-01 was $274,900, a difference of $-4,100 (-1.5%) versus the prior year and $3,155 versus the prior month.

    Mcallen's median listing price comes in at 62% of the national average.

    Mcallen's average listing price for 2025-05-01 was $324,541, a difference of $-5,846 (-1.8%) versus the prior year and $941 versus the prior month.

    For the 2025-05-01 period, Mcallen had 3,034 MLS listings, a difference of 41 listings (1%) versus the prior month and 703 listings (30%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Mcallen (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 102 days 2,121 sqft
    2018-02-01 96 days 2,112 sqft
    2018-03-01 87 days 2,119 sqft
    2018-04-01 81 days 2,155 sqft
    2018-05-01 80 days 2,171 sqft
    2018-06-01 87 days 2,177 sqft
    2018-07-01 91 days 2,166 sqft
    2018-08-01 86 days 2,125 sqft
    2018-09-01 87 days 2,131 sqft
    2018-10-01 78 days 2,071 sqft
    2018-11-01 79 days 2,062 sqft
    2018-12-01 85 days 2,051 sqft
    2019-01-01 91 days 2,033 sqft
    2019-02-01 91 days 2,022 sqft
    2019-03-01 74 days 2,006 sqft
    2019-04-01 69 days 2,015 sqft
    2019-05-01 78 days 2,024 sqft
    2019-06-01 79 days 2,058 sqft
    2019-07-01 83 days 2,045 sqft
    2019-08-01 86 days 2,041 sqft
    2019-09-01 87 days 2,027 sqft
    2019-10-01 88 days 2,018 sqft
    2019-11-01 78 days 2,016 sqft
    2019-12-01 80 days 2,047 sqft
    2020-01-01 81 days 2,012 sqft
    2020-02-01 82 days 2,000 sqft
    2020-03-01 62 days 2,034 sqft
    2020-04-01 74 days 2,007 sqft
    2020-05-01 86 days 1,994 sqft
    2020-06-01 97 days 2,021 sqft
    2020-07-01 84 days 2,066 sqft
    2020-08-01 72 days 2,022 sqft
    2020-09-01 65 days 2,100 sqft
    2020-10-01 52 days 2,112 sqft
    2020-11-01 50 days 2,100 sqft
    2020-12-01 60 days 2,028 sqft
    2021-01-01 67 days 1,979 sqft
    2021-02-01 63 days 2,001 sqft
    2021-03-01 56 days 2,027 sqft
    2021-04-01 52 days 2,054 sqft
    2021-05-01 49 days 2,100 sqft
    2021-06-01 44 days 2,080 sqft
    2021-07-01 45 days 2,076 sqft
    2021-08-01 46 days 2,065 sqft
    2021-09-01 47 days 2,075 sqft
    2021-10-01 48 days 2,043 sqft
    2021-11-01 49 days 2,023 sqft
    2021-12-01 52 days 1,993 sqft
    2022-01-01 61 days 1,972 sqft
    2022-02-01 53 days 1,945 sqft
    2022-03-01 40 days 1,892 sqft
    2022-04-01 38 days 1,892 sqft
    2022-05-01 39 days 1,966 sqft
    2022-06-01 40 days 1,984 sqft
    2022-07-01 43 days 1,927 sqft
    2022-08-01 46 days 1,898 sqft
    2022-09-01 49 days 1,852 sqft
    2022-10-01 55 days 1,858 sqft
    2022-11-01 59 days 1,880 sqft
    2022-12-01 67 days 1,896 sqft
    2023-01-01 72 days 1,899 sqft
    2023-02-01 66 days 1,902 sqft
    2023-03-01 58 days 1,901 sqft
    2023-04-01 58 days 1,894 sqft
    2023-05-01 58 days 1,871 sqft
    2023-06-01 57 days 1,882 sqft
    2023-07-01 56 days 1,875 sqft
    2023-08-01 54 days 1,868 sqft
    2023-09-01 56 days 1,847 sqft
    2023-10-01 59 days 1,835 sqft
    2023-11-01 66 days 1,810 sqft
    2023-12-01 71 days 1,800 sqft
    2024-01-01 73 days 1,774 sqft
    2024-02-01 63 days 1,758 sqft
    2024-03-01 59 days 1,769 sqft
    2024-04-01 64 days 1,781 sqft
    2024-05-01 65 days 1,784 sqft
    2024-06-01 65 days 1,755 sqft
    2024-07-01 66 days 1,736 sqft
    2024-08-01 66 days 1,762 sqft
    2024-09-01 68 days 1,750 sqft
    2024-10-01 71 days 1,736 sqft
    2024-11-01 72 days 1,726 sqft
    2024-12-01 78 days 1,716 sqft
    2025-01-01 80 days 1,717 sqft
    2025-02-01 78 days 1,712 sqft
    2025-03-01 66 days 1,710 sqft
    2025-04-01 66 days 1,723 sqft
    2025-05-01 71 days 1,725 sqft
    Mcallen's median listing age (time on market) for 2025-05-01 was 71 days. This is 10% longer than the same period one year ago.

    Mcallen's median square footage for active listings during the 2025-05-01 period was 1,725 sqft. One year prior, the average listing was 1,784 sqft.