Midland USDA Loans

MIDLAND, 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.

Midland USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Midland averaged 5.39% for the week of 2022-05-13, compared to the national average (all USDA variants) of 5.294% for the same period.

The average rate for the prior week (2022-05-06) was 5.63% and one month ago for the week of 2022-04-08, the average rate was 4.99%.

The average rate one year ago was 3.4%.

For refis of the same type during the week of 2022-05-13, the average rate was 4.94%.

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

Midland USDA Loan Lenders by Rates & Fees

The below table looks at the average fees and rates for USDA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Midland level.

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees

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

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


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Midland (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 $323,300 (30.9%) $401,818 (24.5%) 1.19 283
2018-02-01 $345,500 (36.9%) $468,308 (38.7%) 1.25 263
2018-03-01 $399,000 (46.5%) $526,079 (46.2%) 1.38 232
2018-04-01 $356,450 (25.1%) $507,560 (32.5%) 1.20 244
2018-05-01 $369,500 (29.7%) $532,649 (44.4%) 1.23 265
2018-06-01 $349,900 (25.0%) $500,944 (38.8%) 1.17 309
2018-07-01 $357,450 (24.6%) $501,112 (37.0%) 1.19 380
2018-08-01 $350,000 (20.3%) $478,619 (31.4%) 1.17 413
2018-09-01 $350,000 (18.6%) $491,287 (35.3%) 1.17 408
2018-10-01 $357,500 (19.3%) $488,972 (29.6%) 1.20 410
2018-11-01 $362,450 (16.9%) $495,361 (27.8%) 1.22 430
2018-12-01 $350,790 (9.1%) $485,779 (21.7%) 1.20 384
2019-01-01 $352,500 (9.0%) $467,974 (16.5%) 1.22 363
2019-02-01 $350,000 (1.3%) $474,053 (1.2%) 1.17 353
2019-03-01 $359,243 (-10.0%) $494,077 (-6.1%) 1.17 352
2019-04-01 $376,950 (5.8%) $503,963 (-0.7%) 1.19 359
2019-05-01 $404,300 (9.4%) $506,762 (-4.9%) 1.25 416
2019-06-01 $389,900 (11.4%) $470,118 (-6.2%) 1.20 483
2019-07-01 $389,950 (9.1%) $472,441 (-5.7%) 1.21 523
2019-08-01 $391,871 (12.0%) $464,322 (-3.0%) 1.23 566
2019-09-01 $386,871 (10.5%) $452,500 (-7.9%) 1.23 611
2019-10-01 $374,000 (4.6%) $430,735 (-11.9%) 1.19 688
2019-11-01 $365,000 (0.7%) $421,595 (-14.9%) 1.18 670
2019-12-01 $362,500 (3.3%) $419,984 (-13.5%) 1.21 607
2020-01-01 $367,250 (4.2%) $424,481 (-9.3%) 1.22 571
2020-02-01 $380,000 (8.6%) $443,570 (-6.4%) 1.23 553
2020-03-01 $382,450 (6.5%) $446,711 (-9.6%) 1.20 628
2020-04-01 $365,750 (-3.0%) $427,359 (-15.2%) 1.14 728
2020-05-01 $359,000 (-11.2%) $426,984 (-15.7%) 1.09 841
2020-06-01 $349,900 (-10.3%) $425,409 (-9.5%) 1.02 839
2020-07-01 $342,450 (-12.2%) $407,110 (-13.8%) 0.98 876
2020-08-01 $327,000 (-16.6%) $399,682 (-13.9%) 0.93 878
2020-09-01 $330,000 (-14.7%) $405,721 (-10.3%) 0.94 836
2020-10-01 $325,000 (-13.1%) $397,636 (-7.7%) 0.93 785
2020-11-01 $323,500 (-11.4%) $392,228 (-7.0%) 0.93 818
2020-12-01 $325,000 (-10.3%) $393,991 (-6.2%) 0.95 803
2021-01-01 $319,500 (-13.0%) $391,686 (-7.7%) 0.94 767
2021-02-01 $319,950 (-15.8%) $404,634 (-8.8%) 0.92 787
2021-03-01 $320,000 (-16.3%) $416,792 (-6.7%) 0.90 745
2021-04-01 $322,500 (-11.8%) $428,658 (0.3%) 0.87 675
2021-05-01 $330,000 (-8.1%) $426,908 (0.0%) 0.87 640
2021-06-01 $329,200 (-5.9%) $423,598 (-0.4%) 0.86 652
2021-07-01 $330,000 (-3.6%) $418,091 (2.7%) 0.86 687
2021-08-01 $330,000 (0.9%) $410,672 (2.8%) 0.87 707
2021-09-01 $325,000 (-1.5%) $405,763 (0.0%) 0.86 693
2021-10-01 $325,000 (0.0%) $400,055 (0.6%) 0.86 702
2021-11-01 $325,000 (0.5%) $386,232 (-1.5%) 0.86 679
2021-12-01 $324,850 (-0.1%) $381,589 (-3.2%) 0.87 625
2022-01-01 $325,000 (1.7%) $382,564 (-2.3%) 0.87 549
2022-02-01 $322,475 (0.8%) $378,947 (-6.4%) 0.82 463
2022-03-01 $330,000 (3.1%) $391,499 (-6.1%) 0.81 439
2022-04-01 $339,900 (5.4%) $411,608 (-4.0%) 0.80 495
Midland's median listing price for 2022-04-01 was $339,900, a difference of $17,400 (5.4%) versus the prior year and $9,900 versus the prior month.

Midland's median listing price comes in at 80% of the national average.

Midland's average listing price for 2022-04-01 was $411,608, a difference of $-17,050 (-4.0%) versus the prior year and $20,109 versus the prior month.

For the 2022-04-01 period, Midland had 495 MLS listings, a difference of 56 listings (13%) versus the prior month and -180 listings (-27%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Midland (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 52 days 2,395 sqft
2018-02-01 37 days 2,451 sqft
2018-03-01 33 days 2,671 sqft
2018-04-01 28 days 2,504 sqft
2018-05-01 27 days 2,550 sqft
2018-06-01 26 days 2,465 sqft
2018-07-01 28 days 2,463 sqft
2018-08-01 32 days 2,417 sqft
2018-09-01 39 days 2,432 sqft
2018-10-01 39 days 2,402 sqft
2018-11-01 44 days 2,458 sqft
2018-12-01 51 days 2,405 sqft
2019-01-01 48 days 2,343 sqft
2019-02-01 39 days 2,343 sqft
2019-03-01 40 days 2,391 sqft
2019-04-01 35 days 2,414 sqft
2019-05-01 32 days 2,488 sqft
2019-06-01 35 days 2,470 sqft
2019-07-01 37 days 2,455 sqft
2019-08-01 36 days 2,460 sqft
2019-09-01 44 days 2,435 sqft
2019-10-01 43 days 2,363 sqft
2019-11-01 46 days 2,335 sqft
2019-12-01 59 days 2,335 sqft
2020-01-01 62 days 2,378 sqft
2020-02-01 38 days 2,418 sqft
2020-03-01 40 days 2,405 sqft
2020-04-01 45 days 2,330 sqft
2020-05-01 51 days 2,324 sqft
2020-06-01 50 days 2,329 sqft
2020-07-01 50 days 2,287 sqft
2020-08-01 51 days 2,240 sqft
2020-09-01 59 days 2,260 sqft
2020-10-01 59 days 2,219 sqft
2020-11-01 58 days 2,209 sqft
2020-12-01 58 days 2,200 sqft
2021-01-01 63 days 2,168 sqft
2021-02-01 49 days 2,177 sqft
2021-03-01 55 days 2,169 sqft
2021-04-01 53 days 2,188 sqft
2021-05-01 50 days 2,182 sqft
2021-06-01 44 days 2,178 sqft
2021-07-01 42 days 2,155 sqft
2021-08-01 44 days 2,152 sqft
2021-09-01 51 days 2,123 sqft
2021-10-01 49 days 2,087 sqft
2021-11-01 49 days 2,049 sqft
2021-12-01 59 days 2,051 sqft
2022-01-01 65 days 2,052 sqft
2022-02-01 54 days 2,040 sqft
2022-03-01 41 days 2,049 sqft
2022-04-01 31 days 2,099 sqft
Midland's median listing age (time on market) for 2022-04-01 was 31 days. This is -41% shorter than the same period one year ago.

Midland's median square footage for active listings during the 2022-04-01 period was 2,099 sqft. One year prior, the average listing was 2,188 sqft.