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
6.36%
for the week of 2025-02-14, compared to the national average (all USDA variants) of
6.526% for the same period.
Midland's average USDA mortgage closing costs are $11,475.
The average rate for the prior week (2025-02-07) was
6.62% and
one month ago for the week of 2025-01-10, the
average rate was 6.66%.
The average rate one year ago was 6.65%.
For refis of the same type during the week of 2025-02-14, the average rate
was 6.53%.
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%) | $406,647 (23.3%) | 1.20 | 276 |
| 2018-02-01 | $347,450 (33.9%) | $478,440 (38.8%) | 1.26 | 259 |
| 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 (21.6%) | $496,171 (36.6%) | 1.19 | 400 |
| 2018-09-01 | $359,900 (21.7%) | $498,830 (34.1%) | 1.21 | 398 |
| 2018-10-01 | $372,500 (20.2%) | $506,553 (31.1%) | 1.26 | 401 |
| 2018-11-01 | $372,225 (18.5%) | $497,633 (26.2%) | 1.26 | 415 |
| 2018-12-01 | $359,950 (10.8%) | $497,080 (23.5%) | 1.24 | 376 |
| 2019-01-01 | $359,225 (10.5%) | $491,512 (20.9%) | 1.24 | 360 |
| 2019-02-01 | $359,950 (3.6%) | $496,544 (3.8%) | 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 | $387,500 (4.9%) | $452,712 (-7.2%) | 1.22 | 634 |
| 2020-04-01 | $369,950 (-5.4%) | $434,863 (-13.3%) | 1.16 | 735 |
| 2020-05-01 | $359,950 (-12.9%) | $433,293 (-14.9%) | 1.09 | 838 |
| 2020-06-01 | $350,000 (-12.5%) | $428,920 (-10.3%) | 1.03 | 852 |
| 2020-07-01 | $342,500 (-14.3%) | $410,611 (-14.5%) | 0.99 | 877 |
| 2020-08-01 | $329,900 (-16.4%) | $405,618 (-13.5%) | 0.95 | 873 |
| 2020-09-01 | $331,375 (-14.2%) | $409,979 (-9.3%) | 0.95 | 825 |
| 2020-10-01 | $329,000 (-13.4%) | $403,374 (-7.9%) | 0.94 | 787 |
| 2020-11-01 | $329,900 (-10.8%) | $400,814 (-6.3%) | 0.96 | 802 |
| 2020-12-01 | $328,725 (-10.9%) | $401,689 (-6.3%) | 0.98 | 785 |
| 2021-01-01 | $325,000 (-12.2%) | $401,357 (-7.0%) | 0.97 | 756 |
| 2021-02-01 | $324,900 (-15.6%) | $410,628 (-8.8%) | 0.95 | 771 |
| 2021-03-01 | $323,875 (-16.4%) | $417,974 (-7.7%) | 0.92 | 742 |
| 2021-04-01 | $326,375 (-11.8%) | $428,301 (-1.5%) | 0.88 | 678 |
| 2021-05-01 | $333,000 (-7.5%) | $428,417 (-1.1%) | 0.88 | 640 |
| 2021-06-01 | $329,350 (-5.9%) | $425,168 (-0.9%) | 0.87 | 656 |
| 2021-07-01 | $338,000 (-1.3%) | $417,915 (1.8%) | 0.89 | 696 |
| 2021-08-01 | $335,770 (1.8%) | $413,700 (2.0%) | 0.89 | 713 |
| 2021-09-01 | $329,250 (-0.6%) | $410,066 (0.0%) | 0.88 | 695 |
| 2021-10-01 | $325,000 (-1.2%) | $402,923 (-0.1%) | 0.87 | 697 |
| 2021-11-01 | $325,000 (-1.5%) | $391,471 (-2.3%) | 0.87 | 673 |
| 2021-12-01 | $325,000 (-1.1%) | $384,485 (-4.3%) | 0.88 | 629 |
| 2022-01-01 | $325,000 (0.0%) | $384,061 (-4.3%) | 0.88 | 564 |
| 2022-02-01 | $325,425 (0.2%) | $381,010 (-7.2%) | 0.85 | 502 |
| 2022-03-01 | $335,000 (3.4%) | $395,990 (-5.3%) | 0.83 | 462 |
| 2022-04-01 | $344,500 (5.6%) | $418,522 (-2.3%) | 0.81 | 502 |
| 2022-05-01 | $342,258 (2.8%) | $424,876 (-0.8%) | 0.78 | 528 |
| 2022-06-01 | $349,988 (6.3%) | $425,590 (0.1%) | 0.78 | 560 |
| 2022-07-01 | $345,523 (2.2%) | $418,023 (0.0%) | 0.78 | 615 |
| 2022-08-01 | $340,000 (1.3%) | $411,872 (-0.4%) | 0.79 | 639 |
| 2022-09-01 | $349,750 (6.2%) | $418,157 (2.0%) | 0.82 | 657 |
| 2022-10-01 | $355,000 (9.2%) | $434,881 (7.9%) | 0.84 | 654 |
| 2022-11-01 | $351,725 (8.2%) | $433,651 (10.8%) | 0.85 | 659 |
| 2022-12-01 | $359,950 (10.8%) | $437,877 (13.9%) | 0.89 | 591 |
| 2023-01-01 | $364,250 (12.1%) | $434,554 (13.2%) | 0.90 | 508 |
| 2023-02-01 | $366,500 (12.6%) | $438,424 (15.1%) | 0.88 | 452 |
| 2023-03-01 | $399,375 (19.2%) | $486,396 (22.8%) | 0.94 | 427 |
| 2023-04-01 | $409,000 (18.7%) | $509,789 (21.8%) | 0.95 | 418 |
| 2023-05-01 | $403,248 (17.8%) | $519,470 (22.3%) | 0.92 | 432 |
| 2023-06-01 | $400,000 (14.3%) | $510,481 (20.0%) | 0.90 | 451 |
| 2023-07-01 | $407,670 (18.0%) | $527,284 (26.1%) | 0.93 | 471 |
| 2023-08-01 | $399,925 (17.6%) | $525,564 (27.6%) | 0.92 | 475 |
| 2023-09-01 | $399,950 (14.4%) | $514,214 (23.0%) | 0.93 | 487 |
| 2023-10-01 | $397,750 (12.0%) | $493,857 (13.6%) | 0.93 | 495 |
| 2023-11-01 | $393,000 (11.7%) | $488,227 (12.6%) | 0.93 | 501 |
| 2023-12-01 | $389,450 (8.2%) | $493,167 (12.6%) | 0.95 | 479 |
| 2024-01-01 | $388,995 (6.8%) | $501,274 (15.4%) | 0.95 | 452 |
| 2024-02-01 | $405,148 (10.6%) | $551,175 (25.7%) | 0.98 | 435 |
| 2024-03-01 | $419,990 (5.2%) | $577,136 (18.7%) | 0.99 | 413 |
| 2024-04-01 | $434,245 (6.2%) | $578,108 (13.4%) | 1.01 | 447 |
| 2024-05-01 | $450,000 (11.6%) | $569,038 (9.5%) | 1.02 | 484 |
| 2024-06-01 | $450,000 (12.5%) | $576,032 (12.8%) | 1.01 | 523 |
| 2024-07-01 | $445,000 (9.2%) | $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 (7.3%) | 0.99 | 544 |
| 2024-10-01 | $421,725 (6.0%) | $561,883 (13.8%) | 0.99 | 549 |
| 2024-11-01 | $419,900 (6.8%) | $555,649 (13.8%) | 1.01 | 542 |
| 2024-12-01 | $411,750 (5.7%) | $551,784 (11.9%) | 1.02 | 490 |
| 2025-01-01 | $408,750 (5.1%) | $556,150 (11.0%) | 0.00 | 464 |
Midland's median listing price comes in at 0% of the national average.
Midland's average listing price for 2025-01-01 was $556,150, a difference of $54,876 (11.0%) versus the prior year and $4,366 versus the prior month.
For the 2025-01-01 period, Midland had 464 MLS listings, a difference of -26 listings (-5%) versus the prior month and 12 listings (3%) 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 | 2,373 sqft |
| 2018-02-01 | 34 days | 2,446 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 | 2,430 sqft |
| 2020-04-01 | 46 days | 2,355 sqft |
| 2020-05-01 | 51 days | 2,347 sqft |
| 2020-06-01 | 51 days | 2,325 sqft |
| 2020-07-01 | 51 days | 2,287 sqft |
| 2020-08-01 | 51 days | 2,240 sqft |
| 2020-09-01 | 57 days | 2,248 sqft |
| 2020-10-01 | 58 days | 2,220 sqft |
| 2020-11-01 | 59 days | 2,209 sqft |
| 2020-12-01 | 60 days | 2,205 sqft |
| 2021-01-01 | 60 days | 2,182 sqft |
| 2021-02-01 | 49 days | 2,185 sqft |
| 2021-03-01 | 53 days | 2,152 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 | 2,157 sqft |
| 2021-08-01 | 45 days | 2,168 sqft |
| 2021-09-01 | 52 days | 2,139 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 | 2,035 sqft |
| 2022-03-01 | 42 days | 2,049 sqft |
| 2022-04-01 | 33 days | 2,100 sqft |
| 2022-05-01 | 38 days | 2,115 sqft |
| 2022-06-01 | 37 days | 2,168 sqft |
| 2022-07-01 | 38 days | 2,185 sqft |
| 2022-08-01 | 43 days | 2,135 sqft |
| 2022-09-01 | 47 days | 2,149 sqft |
| 2022-10-01 | 50 days | 2,150 sqft |
| 2022-11-01 | 50 days | 2,150 sqft |
| 2022-12-01 | 62 days | 2,238 sqft |
| 2023-01-01 | 68 days | 2,233 sqft |
| 2023-02-01 | 45 days | 2,258 sqft |
| 2023-03-01 | 45 days | 2,405 sqft |
| 2023-04-01 | 41 days | 2,422 sqft |
| 2023-05-01 | 39 days | 2,451 sqft |
| 2023-06-01 | 42 days | 2,416 sqft |
| 2023-07-01 | 38 days | 2,435 sqft |
| 2023-08-01 | 41 days | 2,359 sqft |
| 2023-09-01 | 43 days | 2,385 sqft |
| 2023-10-01 | 46 days | 2,316 sqft |
| 2023-11-01 | 48 days | 2,313 sqft |
| 2023-12-01 | 54 days | 2,266 sqft |
| 2024-01-01 | 65 days | 2,245 sqft |
| 2024-02-01 | 44 days | 2,261 sqft |
| 2024-03-01 | 43 days | 2,367 sqft |
| 2024-04-01 | 44 days | 2,467 sqft |
| 2024-05-01 | 39 days | 2,502 sqft |
| 2024-06-01 | 40 days | 2,513 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 |
| 2024-12-01 | 61 days | 2,297 sqft |
| 2025-01-01 | 0 days | 2,270 sqft |
Midland's median square footage for active listings during the 2025-01-01 period was 2,270 sqft. One year prior, the average listing was 2,245 sqft.