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%.
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 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 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.
