Mexico USDA Loan Rates, Closing Costs & Stats

Mexico, MO

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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.

    Mexico's 9 lenders originated 25 USDA loans during 2023. The total origination value was $3,465,000, with an average USDA loan value of $138,600.

    Mexico USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Mexico averaged 6.74% for the week of 2024-04-19, compared to the national average (all USDA variants) of 6.863% for the same period.

    Mexico's average USDA mortgage closing costs are $3,705.

    The average rate for the prior week (2024-04-12) was 6.59% and one month ago for the week of 2024-03-15, the average rate was 6.38%.

    The average rate one year ago was 6.22%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.76%.

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

    Mexico 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 Mexico level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    FLAT BRANCH MORTGAGE, INC. 10 6.59% $4,914
    DAS Acquisition Company, LLC 5 6.53% $5,529
    THOMPSON KANE & COMPANY, LLC 3 6.71% $3,794
    Members Mortgage Services, L.L.C. 1 6.50% $3,604
    Midwest Mortgage Associates Corporation 1 7.25% $2,365
    The Central Trust Bank 1 7.63% $5,589
    U.S. Bank 1 7.13% $5,594
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 7.25% $5,399
    GUARANTEED RATE AFFINITY, LLC 1 6.25% $5,021

    The top Mexico USDA lender as defined by loan originations is FLAT BRANCH MORTGAGE, INC., with 10 USDA loans originated. Their average total fees are $4,914, which is $615 lower than the next largest lender, DAS Acquisition Company, LLC.

    The lowest fee Mexico USDA lenders (with over 10 loans originated) are FLAT BRANCH MORTGAGE, INC. ($4,914), .

    The lowest rate Mexico USDA lenders (with over 10 loans originated) are FLAT BRANCH MORTGAGE, INC. (6.59%), .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Mexico (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 $77,575 (-3.5%) $111,632 (-11.7%) 0.00 96
    2018-02-01 $75,125 (-8.3%) $106,215 (-8.9%) 0.00 92
    2018-03-01 $75,000 (-14.2%) $102,999 (-13.2%) 0.00 89
    2018-04-01 $82,550 (-5.1%) $111,358 (-9.0%) 0.00 81
    2018-05-01 $87,250 (9.2%) $114,626 (-3.5%) 0.00 91
    2018-06-01 $89,250 (8.5%) $112,048 (-8.1%) 0.00 96
    2018-07-01 $94,875 (19.4%) $113,847 (-6.7%) 0.00 97
    2018-08-01 $94,700 (13.2%) $126,792 (4.2%) 0.00 94
    2018-09-01 $92,750 (23.7%) $130,130 (9.1%) 0.00 93
    2018-10-01 $97,075 (31.7%) $133,985 (16.5%) 0.00 97
    2018-11-01 $89,600 (28.2%) $129,378 (14.8%) 0.00 105
    2018-12-01 $89,900 (28.6%) $126,790 (19.0%) 0.00 114
    2019-01-01 $81,250 (4.7%) $115,940 (3.9%) 0.00 112
    2019-02-01 $91,125 (21.3%) $123,749 (16.5%) 0.00 121
    2019-03-01 $98,871 (31.8%) $140,022 (35.9%) 0.00 107
    2019-04-01 $116,600 (41.3%) $155,126 (39.3%) 0.00 88
    2019-05-01 $131,825 (51.1%) $164,999 (44.0%) 0.00 88
    2019-06-01 $133,700 (49.8%) $167,498 (49.5%) 0.00 93
    2019-07-01 $119,850 (26.3%) $162,927 (43.1%) 0.00 94
    2019-08-01 $119,473 (26.2%) $158,266 (24.8%) 0.00 101
    2019-09-01 $111,332 (20.0%) $150,190 (15.4%) 0.00 100
    2019-10-01 $110,855 (14.2%) $144,779 (8.1%) 0.00 100
    2019-11-01 $105,000 (17.2%) $137,893 (6.6%) 0.00 110
    2019-12-01 $97,700 (8.7%) $132,005 (4.1%) 0.00 102
    2020-01-01 $89,400 (10.0%) $130,546 (12.6%) 0.00 92
    2020-02-01 $87,250 (-4.3%) $131,952 (6.6%) 0.00 81
    2020-03-01 $86,450 (-12.6%) $131,954 (-5.8%) 0.00 73
    2020-04-01 $77,900 (-33.2%) $135,829 (-12.4%) 0.00 64
    2020-05-01 $85,000 (-35.5%) $141,010 (-14.5%) 0.00 62
    2020-06-01 $102,050 (-23.7%) $149,510 (-10.7%) 0.00 57
    2020-07-01 $107,250 (-10.5%) $152,677 (-6.3%) 0.00 63
    2020-08-01 $125,000 (4.6%) $163,403 (3.3%) 0.00 61
    2020-09-01 $118,225 (6.2%) $167,060 (11.2%) 0.00 55
    2020-10-01 $110,000 (-0.8%) $157,405 (8.7%) 0.00 57
    2020-11-01 $135,850 (29.4%) $173,468 (25.8%) 0.00 56
    2020-12-01 $112,475 (15.1%) $153,952 (16.6%) 0.00 57
    2021-01-01 $119,900 (34.1%) $162,616 (24.6%) 0.00 42
    2021-02-01 $119,900 (37.4%) $184,666 (40.0%) 0.00 30
    2021-03-01 $128,675 (48.8%) $205,244 (55.5%) 0.00 22
    2021-04-01 $120,700 (54.9%) $165,873 (22.1%) 0.00 24
    2021-05-01 $119,900 (41.1%) $167,464 (18.8%) 0.00 29
    2021-06-01 $116,250 (13.9%) $167,420 (12.0%) 0.00 34
    2021-07-01 $95,250 (-11.2%) $145,907 (-4.4%) 0.00 42
    2021-08-01 $90,000 (-28.0%) $149,356 (-8.6%) 0.00 42
    2021-09-01 $108,000 (-8.7%) $159,420 (-4.6%) 0.00 42
    2021-10-01 $105,000 (-4.6%) $159,562 (1.4%) 0.00 47
    2021-11-01 $116,250 (-14.4%) $163,760 (-5.6%) 0.00 49
    2021-12-01 $89,600 (-20.3%) $149,955 (-2.6%) 0.00 40
    2022-01-01 $110,000 (-8.3%) $153,328 (-5.7%) 0.00 28
    2022-02-01 $127,700 (6.5%) $154,582 (-16.3%) 0.00 25
    2022-03-01 $123,675 (-3.9%) $161,782 (-21.2%) 0.00 24
    2022-04-01 $137,000 (13.5%) $186,650 (12.5%) 0.00 28
    2022-05-01 $147,450 (23.0%) $181,144 (8.2%) 0.00 33
    2022-06-01 $138,700 (19.3%) $176,805 (5.6%) 0.00 37
    2022-07-01 $150,000 (57.5%) $172,927 (18.5%) 0.00 48
    2022-08-01 $139,900 (55.4%) $154,049 (3.1%) 0.00 53
    2022-09-01 $139,900 (29.5%) $291,048 (82.6%) 0.00 51
    2022-10-01 $151,500 (44.3%) $171,020 (7.2%) 0.00 57
    2022-11-01 $150,000 (29.0%) $178,736 (9.2%) 0.00 54
    2022-12-01 $152,450 (70.2%) $176,441 (17.7%) 0.00 50
    2023-01-01 $129,700 (17.9%) $162,972 (6.3%) 0.00 49
    2023-02-01 $133,675 (4.7%) $145,933 (-5.6%) 0.00 48
    2023-03-01 $139,200 (12.6%) $163,847 (1.3%) 0.00 34
    2023-04-01 $173,700 (26.8%) $200,463 (7.4%) 0.00 32
    2023-05-01 $155,450 (5.4%) $180,624 (-0.3%) 0.00 30
    2023-06-01 $138,725 (0.0%) $175,018 (-1.0%) 0.00 33
    2023-07-01 $169,900 (13.3%) $200,459 (15.9%) 0.00 32
    2023-08-01 $173,050 (23.7%) $211,747 (37.5%) 0.00 40
    2023-09-01 $142,948 (2.2%) $213,242 (-26.7%) 0.00 34
    2023-10-01 $159,900 (5.5%) $223,314 (30.6%) 0.00 34
    2023-11-01 $161,775 (7.9%) $236,082 (32.1%) 0.00 34
    2023-12-01 $109,900 (-27.9%) $180,262 (2.2%) 0.00 56
    2024-01-01 $118,075 (-9.0%) $188,112 (15.4%) 0.00 56
    2024-02-01 $107,400 (-19.7%) $208,190 (42.7%) 0.00 75
    2024-03-01 $117,498 (-15.6%) $240,316 (46.7%) 0.00 73
    Mexico's median listing price for 2024-03-01 was $117,498, a difference of $-21,702 (-15.6%) versus the prior year and $10,098 versus the prior month.

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

    Mexico's average listing price for 2024-03-01 was $240,316, a difference of $76,469 (46.7%) versus the prior year and $32,126 versus the prior month.

    For the 2024-03-01 period, Mexico had 73 MLS listings, a difference of -2 listings (-3%) versus the prior month and 39 listings (115%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Mexico (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,412 sqft
    2018-02-01 0 days 1,443 sqft
    2018-03-01 0 days 1,525 sqft
    2018-04-01 0 days 1,528 sqft
    2018-05-01 0 days 1,466 sqft
    2018-06-01 0 days 1,416 sqft
    2018-07-01 0 days 1,412 sqft
    2018-08-01 0 days 1,431 sqft
    2018-09-01 0 days 1,415 sqft
    2018-10-01 0 days 1,470 sqft
    2018-11-01 0 days 1,482 sqft
    2018-12-01 0 days 1,460 sqft
    2019-01-01 0 days 1,367 sqft
    2019-02-01 0 days 1,405 sqft
    2019-03-01 0 days 1,446 sqft
    2019-04-01 0 days 1,573 sqft
    2019-05-01 0 days 1,656 sqft
    2019-06-01 0 days 1,629 sqft
    2019-07-01 0 days 1,541 sqft
    2019-08-01 0 days 1,557 sqft
    2019-09-01 0 days 1,553 sqft
    2019-10-01 0 days 1,550 sqft
    2019-11-01 0 days 1,484 sqft
    2019-12-01 0 days 1,561 sqft
    2020-01-01 0 days 1,560 sqft
    2020-02-01 0 days 1,490 sqft
    2020-03-01 0 days 1,432 sqft
    2020-04-01 0 days 1,397 sqft
    2020-05-01 0 days 1,604 sqft
    2020-06-01 0 days 1,707 sqft
    2020-07-01 0 days 1,718 sqft
    2020-08-01 0 days 1,800 sqft
    2020-09-01 0 days 1,704 sqft
    2020-10-01 0 days 1,648 sqft
    2020-11-01 0 days 1,625 sqft
    2020-12-01 0 days 1,593 sqft
    2021-01-01 0 days 1,599 sqft
    2021-02-01 0 days 1,441 sqft
    2021-03-01 0 days 1,454 sqft
    2021-04-01 0 days 1,525 sqft
    2021-05-01 0 days 1,355 sqft
    2021-06-01 0 days 1,313 sqft
    2021-07-01 0 days 1,344 sqft
    2021-08-01 0 days 1,554 sqft
    2021-09-01 0 days 1,601 sqft
    2021-10-01 0 days 1,526 sqft
    2021-11-01 0 days 1,368 sqft
    2021-12-01 0 days 1,422 sqft
    2022-01-01 0 days 1,307 sqft
    2022-02-01 0 days 1,212 sqft
    2022-03-01 0 days 1,294 sqft
    2022-04-01 0 days 1,456 sqft
    2022-05-01 0 days 1,565 sqft
    2022-06-01 0 days 1,409 sqft
    2022-07-01 0 days 1,429 sqft
    2022-08-01 0 days 1,399 sqft
    2022-09-01 0 days 1,406 sqft
    2022-10-01 0 days 1,470 sqft
    2022-11-01 0 days 1,459 sqft
    2022-12-01 0 days 1,456 sqft
    2023-01-01 0 days 1,432 sqft
    2023-02-01 0 days 1,375 sqft
    2023-03-01 0 days 1,426 sqft
    2023-04-01 0 days 1,512 sqft
    2023-05-01 0 days 1,462 sqft
    2023-06-01 0 days 1,416 sqft
    2023-07-01 0 days 1,452 sqft
    2023-08-01 0 days 1,494 sqft
    2023-09-01 0 days 1,421 sqft
    2023-10-01 0 days 1,299 sqft
    2023-11-01 0 days 1,337 sqft
    2023-12-01 0 days 1,415 sqft
    2024-01-01 0 days 1,387 sqft
    2024-02-01 0 days 1,250 sqft
    2024-03-01 0 days 1,404 sqft
    Mexico's median listing age (time on market) for 2024-03-01 was 0 days.

    Mexico's median square footage for active listings during the 2024-03-01 period was 1,404 sqft. One year prior, the average listing was 1,426 sqft.