Midland USDA Loan Rates, Closing Costs & Stats
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's 1 lenders originated 1 USDA loans during 2023. The total origination value was $225,000, with an average USDA loan value of $225,000.
Midland USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Midland
averaged
6.43%
for the week of 2024-12-13, compared to the national average (all USDA variants) of
6.303% for the same period.
Midland's average USDA mortgage closing costs are $11,475.
The average rate for the prior week (2024-12-06) was
6.37% and
one month ago for the week of 2024-11-08, the
average rate was 6.29%.
The average rate one year ago was 7.05%.
For refis of the same type during the week of 2024-12-13, the average rate
was 6.4%.
Midland 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 Midland level.
| Name | # of Loans | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
|---|---|---|---|
| PRIMELENDING, A PLAINSCAPITAL COMPANY | 1 | 7.25% | $12,513 |
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 | $325,000 (30.0%) | $405,687 (23.2%) | 1.20 | 275 |
| 2018-02-01 | $346,700 (33.6%) | $477,639 (38.6%) | 1.26 | 258 |
| 2018-03-01 | $399,000 (43.0%) | $541,274 (49.0%) | 1.40 | 227 |
| 2018-04-01 | $366,825 (22.3%) | $525,930 (36.6%) | 1.24 | 244 |
| 2018-05-01 | $378,750 (31.5%) | $543,953 (48.1%) | 1.26 | 265 |
| 2018-06-01 | $360,000 (25.9%) | $520,583 (42.3%) | 1.20 | 312 |
| 2018-07-01 | $362,450 (25.0%) | $510,589 (38.9%) | 1.21 | 377 |
| 2018-08-01 | $356,000 (21.7%) | $496,171 (36.7%) | 1.19 | 400 |
| 2018-09-01 | $359,900 (22.0%) | $498,830 (34.4%) | 1.21 | 398 |
| 2018-10-01 | $372,500 (20.2%) | $506,553 (31.4%) | 1.26 | 401 |
| 2018-11-01 | $372,225 (19.2%) | $497,633 (26.5%) | 1.26 | 415 |
| 2018-12-01 | $359,950 (10.8%) | $497,080 (23.9%) | 1.24 | 376 |
| 2019-01-01 | $359,225 (10.5%) | $491,512 (21.2%) | 1.24 | 360 |
| 2019-02-01 | $359,950 (3.8%) | $496,544 (4.0%) | 1.22 | 352 |
| 2019-03-01 | $369,371 (-7.4%) | $487,957 (-9.9%) | 1.21 | 348 |
| 2019-04-01 | $390,950 (6.6%) | $501,284 (-4.7%) | 1.24 | 354 |
| 2019-05-01 | $413,200 (9.1%) | $509,093 (-6.4%) | 1.29 | 409 |
| 2019-06-01 | $399,900 (11.1%) | $478,307 (-8.1%) | 1.25 | 473 |
| 2019-07-01 | $399,450 (10.2%) | $480,480 (-5.9%) | 1.25 | 516 |
| 2019-08-01 | $394,473 (10.8%) | $469,004 (-5.5%) | 1.25 | 577 |
| 2019-09-01 | $386,332 (7.3%) | $451,859 (-9.4%) | 1.24 | 630 |
| 2019-10-01 | $379,850 (2.0%) | $437,748 (-13.6%) | 1.23 | 679 |
| 2019-11-01 | $370,000 (-0.6%) | $427,804 (-14.0%) | 1.21 | 666 |
| 2019-12-01 | $369,000 (2.5%) | $428,602 (-13.8%) | 1.23 | 602 |
| 2020-01-01 | $370,093 (3.0%) | $431,398 (-12.2%) | 1.24 | 575 |
| 2020-02-01 | $384,900 (6.9%) | $450,219 (-9.3%) | 1.26 | 559 |
| 2020-03-01 | $387,625 (4.9%) | $452,975 (-7.2%) | 1.22 | 633 |
| 2020-04-01 | $369,950 (-5.4%) | $435,024 (-13.2%) | 1.16 | 733 |
| 2020-05-01 | $359,999 (-12.9%) | $433,472 (-14.9%) | 1.09 | 837 |
| 2020-06-01 | $350,000 (-12.5%) | $429,276 (-10.3%) | 1.03 | 850 |
| 2020-07-01 | $342,500 (-14.3%) | $410,876 (-14.5%) | 0.99 | 875 |
| 2020-08-01 | $329,950 (-16.4%) | $405,857 (-13.5%) | 0.95 | 872 |
| 2020-09-01 | $331,500 (-14.2%) | $410,062 (-9.3%) | 0.95 | 824 |
| 2020-10-01 | $329,000 (-13.4%) | $403,374 (-7.9%) | 0.94 | 787 |
| 2020-11-01 | $329,675 (-10.9%) | $400,897 (-6.3%) | 0.96 | 801 |
| 2020-12-01 | $328,000 (-11.1%) | $401,776 (-6.3%) | 0.98 | 784 |
| 2021-01-01 | $325,000 (-12.2%) | $401,446 (-6.9%) | 0.97 | 755 |
| 2021-02-01 | $324,900 (-15.6%) | $410,628 (-8.8%) | 0.95 | 771 |
| 2021-03-01 | $324,000 (-16.4%) | $418,176 (-7.7%) | 0.92 | 741 |
| 2021-04-01 | $326,663 (-11.7%) | $428,448 (-1.5%) | 0.88 | 678 |
| 2021-05-01 | $333,000 (-7.5%) | $428,417 (-1.2%) | 0.88 | 640 |
| 2021-06-01 | $329,350 (-5.9%) | $425,168 (-1.0%) | 0.87 | 656 |
| 2021-07-01 | $338,000 (-1.3%) | $417,915 (1.7%) | 0.89 | 695 |
| 2021-08-01 | $335,385 (1.7%) | $413,803 (2.0%) | 0.89 | 712 |
| 2021-09-01 | $329,000 (-0.8%) | $410,178 (0.0%) | 0.88 | 694 |
| 2021-10-01 | $325,000 (-1.2%) | $402,923 (-0.1%) | 0.87 | 696 |
| 2021-11-01 | $325,000 (-1.4%) | $391,480 (-2.4%) | 0.87 | 671 |
| 2021-12-01 | $325,000 (-0.9%) | $384,481 (-4.3%) | 0.88 | 627 |
| 2022-01-01 | $325,000 (0.0%) | $384,062 (-4.3%) | 0.88 | 562 |
| 2022-02-01 | $325,000 (0.0%) | $380,400 (-7.4%) | 0.85 | 493 |
| 2022-03-01 | $330,000 (1.9%) | $395,379 (-5.5%) | 0.83 | 452 |
| 2022-04-01 | $340,030 (4.1%) | $419,008 (-2.2%) | 0.81 | 493 |
| 2022-05-01 | $342,258 (2.8%) | $425,370 (-0.7%) | 0.78 | 524 |
| 2022-06-01 | $350,000 (6.3%) | $426,296 (0.3%) | 0.78 | 556 |
| 2022-07-01 | $345,523 (2.2%) | $418,264 (0.1%) | 0.78 | 615 |
| 2022-08-01 | $340,000 (1.4%) | $411,807 (-0.5%) | 0.79 | 639 |
| 2022-09-01 | $349,375 (6.2%) | $418,406 (2.0%) | 0.82 | 656 |
| 2022-10-01 | $355,000 (9.2%) | $434,982 (8.0%) | 0.84 | 654 |
| 2022-11-01 | $351,725 (8.2%) | $433,685 (10.8%) | 0.85 | 659 |
| 2022-12-01 | $360,000 (10.8%) | $437,602 (13.8%) | 0.89 | 591 |
| 2023-01-01 | $364,625 (12.2%) | $434,677 (13.2%) | 0.90 | 507 |
| 2023-02-01 | $366,500 (12.8%) | $438,414 (15.3%) | 0.88 | 451 |
| 2023-03-01 | $399,250 (21.0%) | $486,471 (23.0%) | 0.94 | 426 |
| 2023-04-01 | $409,000 (20.3%) | $510,720 (21.9%) | 0.95 | 417 |
| 2023-05-01 | $405,000 (18.3%) | $520,495 (22.4%) | 0.92 | 430 |
| 2023-06-01 | $400,313 (14.4%) | $510,773 (19.8%) | 0.90 | 450 |
| 2023-07-01 | $409,900 (18.6%) | $527,284 (26.1%) | 0.93 | 471 |
| 2023-08-01 | $399,925 (17.6%) | $525,564 (27.6%) | 0.92 | 475 |
| 2023-09-01 | $399,900 (14.5%) | $512,702 (22.5%) | 0.93 | 493 |
| 2023-10-01 | $396,900 (11.8%) | $492,577 (13.2%) | 0.93 | 501 |
| 2023-11-01 | $392,000 (11.5%) | $487,183 (12.3%) | 0.93 | 506 |
| 2023-12-01 | $389,000 (8.1%) | $492,181 (12.5%) | 0.95 | 484 |
| 2024-01-01 | $389,995 (7.0%) | $501,625 (15.4%) | 0.95 | 451 |
| 2024-02-01 | $405,148 (10.6%) | $551,864 (25.9%) | 0.98 | 435 |
| 2024-03-01 | $420,995 (5.5%) | $577,136 (18.6%) | 0.99 | 413 |
| 2024-04-01 | $434,245 (6.2%) | $578,108 (13.2%) | 1.01 | 447 |
| 2024-05-01 | $450,000 (11.1%) | $571,353 (9.8%) | 1.02 | 483 |
| 2024-06-01 | $450,000 (12.4%) | $580,703 (13.7%) | 1.01 | 524 |
| 2024-07-01 | $445,000 (8.6%) | $574,930 (9.0%) | 1.02 | 550 |
| 2024-08-01 | $430,000 (7.5%) | $561,392 (6.8%) | 1.00 | 551 |
| 2024-09-01 | $420,000 (5.0%) | $551,668 (7.6%) | 0.99 | 544 |
| 2024-10-01 | $421,725 (6.3%) | $561,883 (14.1%) | 0.99 | 549 |
| 2024-11-01 | $419,900 (7.1%) | $555,649 (14.1%) | 1.01 | 542 |
Midland's median listing price comes in at 101% of the national average.
Midland's average listing price for 2024-11-01 was $555,649, a difference of $68,466 (14.1%) versus the prior year and $-6,234 versus the prior month.
For the 2024-11-01 period, Midland had 542 MLS listings, a difference of -7 listings (-1%) versus the prior month and 36 listings (7%) 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 | 55 days | 2,371 sqft |
| 2018-02-01 | 34 days | 2,441 sqft |
| 2018-03-01 | 33 days | 2,686 sqft |
| 2018-04-01 | 28 days | 2,523 sqft |
| 2018-05-01 | 26 days | 2,594 sqft |
| 2018-06-01 | 26 days | 2,506 sqft |
| 2018-07-01 | 29 days | 2,494 sqft |
| 2018-08-01 | 34 days | 2,457 sqft |
| 2018-09-01 | 43 days | 2,454 sqft |
| 2018-10-01 | 40 days | 2,476 sqft |
| 2018-11-01 | 43 days | 2,512 sqft |
| 2018-12-01 | 51 days | 2,481 sqft |
| 2019-01-01 | 49 days | 2,390 sqft |
| 2019-02-01 | 42 days | 2,391 sqft |
| 2019-03-01 | 39 days | 2,455 sqft |
| 2019-04-01 | 34 days | 2,530 sqft |
| 2019-05-01 | 32 days | 2,590 sqft |
| 2019-06-01 | 35 days | 2,562 sqft |
| 2019-07-01 | 38 days | 2,504 sqft |
| 2019-08-01 | 38 days | 2,475 sqft |
| 2019-09-01 | 40 days | 2,432 sqft |
| 2019-10-01 | 42 days | 2,401 sqft |
| 2019-11-01 | 49 days | 2,357 sqft |
| 2019-12-01 | 60 days | 2,343 sqft |
| 2020-01-01 | 62 days | 2,395 sqft |
| 2020-02-01 | 40 days | 2,442 sqft |
| 2020-03-01 | 42 days | 2,431 sqft |
| 2020-04-01 | 46 days | 2,355 sqft |
| 2020-05-01 | 51 days | 2,349 sqft |
| 2020-06-01 | 51 days | 2,328 sqft |
| 2020-07-01 | 51 days | 2,289 sqft |
| 2020-08-01 | 51 days | 2,240 sqft |
| 2020-09-01 | 57 days | 2,248 sqft |
| 2020-10-01 | 58 days | 2,221 sqft |
| 2020-11-01 | 59 days | 2,209 sqft |
| 2020-12-01 | 60 days | 2,207 sqft |
| 2021-01-01 | 60 days | 2,182 sqft |
| 2021-02-01 | 49 days | 2,185 sqft |
| 2021-03-01 | 53 days | 2,153 sqft |
| 2021-04-01 | 48 days | 2,170 sqft |
| 2021-05-01 | 51 days | 2,171 sqft |
| 2021-06-01 | 44 days | 2,171 sqft |
| 2021-07-01 | 38 days | 2,159 sqft |
| 2021-08-01 | 45 days | 2,168 sqft |
| 2021-09-01 | 52 days | 2,141 sqft |
| 2021-10-01 | 46 days | 2,100 sqft |
| 2021-11-01 | 47 days | 2,067 sqft |
| 2021-12-01 | 59 days | 2,073 sqft |
| 2022-01-01 | 64 days | 2,050 sqft |
| 2022-02-01 | 49 days | 2,017 sqft |
| 2022-03-01 | 42 days | 2,043 sqft |
| 2022-04-01 | 33 days | 2,085 sqft |
| 2022-05-01 | 38 days | 2,114 sqft |
| 2022-06-01 | 37 days | 2,171 sqft |
| 2022-07-01 | 38 days | 2,185 sqft |
| 2022-08-01 | 43 days | 2,133 sqft |
| 2022-09-01 | 47 days | 2,147 sqft |
| 2022-10-01 | 50 days | 2,148 sqft |
| 2022-11-01 | 50 days | 2,150 sqft |
| 2022-12-01 | 62 days | 2,240 sqft |
| 2023-01-01 | 68 days | 2,233 sqft |
| 2023-02-01 | 45 days | 2,251 sqft |
| 2023-03-01 | 45 days | 2,403 sqft |
| 2023-04-01 | 41 days | 2,422 sqft |
| 2023-05-01 | 39 days | 2,455 sqft |
| 2023-06-01 | 42 days | 2,419 sqft |
| 2023-07-01 | 38 days | 2,435 sqft |
| 2023-08-01 | 41 days | 2,359 sqft |
| 2023-09-01 | 43 days | 2,367 sqft |
| 2023-10-01 | 46 days | 2,306 sqft |
| 2023-11-01 | 48 days | 2,302 sqft |
| 2023-12-01 | 54 days | 2,257 sqft |
| 2024-01-01 | 65 days | 2,247 sqft |
| 2024-02-01 | 44 days | 2,267 sqft |
| 2024-03-01 | 43 days | 2,369 sqft |
| 2024-04-01 | 44 days | 2,467 sqft |
| 2024-05-01 | 39 days | 2,507 sqft |
| 2024-06-01 | 40 days | 2,518 sqft |
| 2024-07-01 | 45 days | 2,514 sqft |
| 2024-08-01 | 50 days | 2,450 sqft |
| 2024-09-01 | 48 days | 2,385 sqft |
| 2024-10-01 | 51 days | 2,387 sqft |
| 2024-11-01 | 55 days | 2,352 sqft |
Midland's median square footage for active listings during the 2024-11-01 period was 2,352 sqft. One year prior, the average listing was 2,302 sqft.