Mineral Wells USDA Loan Rates, Closing Costs & Stats
Mineral Wells, 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.
Mineral Wells's 1 lenders originated 2 USDA loans during 2023. The total origination value was $360,000, with an average USDA loan value of $180,000.
Mineral Wells USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Mineral Wells
averaged
6.89%
for the week of 2024-04-12, compared to the national average (all USDA variants) of
6.705% for the same period.
Mineral Wells's average USDA mortgage closing costs are $6,397.
The average rate for the prior week (2024-04-05) was
6.51% and
one month ago for the week of 2024-03-08, the
average rate was 6.87%.
The average rate one year ago was 6.18%.
For refis of the same type during the week of 2024-04-12, the average rate
was 6.91%.
Mineral Wells 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 Mineral Wells level.
| Name | # of Loans | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
|---|---|---|---|
| PACIFIC RESIDENTIAL MORTGAGE, LLC | 1 | 7.75% | $10,665 |
The lowest fee Mineral Wells USDA lenders (with over 10 loans originated) are
.
The lowest rate Mineral Wells USDA lenders (with over 10 loans originated) are
.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Mineral Wells (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 | $332,250 (19.5%) | $477,213 (16.2%) | 0.00 | 240 |
| 2018-02-01 | $328,500 (12.7%) | $500,231 (17.2%) | 0.00 | 260 |
| 2018-03-01 | $349,000 (16.4%) | $511,882 (12.3%) | 0.00 | 276 |
| 2018-04-01 | $387,950 (19.4%) | $543,560 (13.0%) | 0.00 | 274 |
| 2018-05-01 | $388,450 (27.9%) | $543,690 (14.0%) | 0.00 | 288 |
| 2018-06-01 | $387,000 (17.7%) | $523,818 (7.0%) | 0.00 | 286 |
| 2018-07-01 | $380,000 (8.9%) | $513,901 (1.7%) | 0.00 | 287 |
| 2018-08-01 | $374,950 (7.4%) | $509,886 (-2.1%) | 0.00 | 271 |
| 2018-09-01 | $367,000 (9.7%) | $482,492 (-5.1%) | 0.00 | 250 |
| 2018-10-01 | $370,950 (18.2%) | $474,025 (-4.1%) | 0.00 | 224 |
| 2018-11-01 | $365,000 (20.7%) | $476,316 (-1.0%) | 0.00 | 215 |
| 2018-12-01 | $345,000 (7.8%) | $476,328 (2.6%) | 0.00 | 189 |
| 2019-01-01 | $345,000 (3.8%) | $493,588 (3.4%) | 0.00 | 160 |
| 2019-02-01 | $345,000 (5.0%) | $483,990 (-3.3%) | 0.00 | 182 |
| 2019-03-01 | $362,200 (3.8%) | $506,343 (-1.1%) | 0.00 | 190 |
| 2019-04-01 | $379,000 (-2.3%) | $512,024 (-5.8%) | 0.00 | 207 |
| 2019-05-01 | $383,475 (-1.3%) | $518,523 (-4.6%) | 0.00 | 211 |
| 2019-06-01 | $365,000 (-5.7%) | $525,968 (0.4%) | 0.00 | 221 |
| 2019-07-01 | $364,675 (-4.0%) | $572,621 (11.4%) | 0.00 | 220 |
| 2019-08-01 | $359,759 (-4.1%) | $573,701 (12.5%) | 0.00 | 215 |
| 2019-09-01 | $366,898 (0.0%) | $584,930 (21.2%) | 0.00 | 206 |
| 2019-10-01 | $375,725 (1.3%) | $605,293 (27.7%) | 0.00 | 194 |
| 2019-11-01 | $374,450 (2.6%) | $616,201 (29.4%) | 0.00 | 183 |
| 2019-12-01 | $349,900 (1.4%) | $627,602 (31.8%) | 0.00 | 182 |
| 2020-01-01 | $357,225 (3.5%) | $645,614 (30.8%) | 0.00 | 171 |
| 2020-02-01 | $389,000 (12.8%) | $640,003 (32.2%) | 0.00 | 166 |
| 2020-03-01 | $389,875 (7.6%) | $666,044 (31.5%) | 0.00 | 202 |
| 2020-04-01 | $389,850 (2.9%) | $648,566 (26.7%) | 0.00 | 228 |
| 2020-05-01 | $380,000 (-0.9%) | $665,165 (28.3%) | 0.00 | 210 |
| 2020-06-01 | $375,000 (2.7%) | $714,470 (35.8%) | 0.00 | 171 |
| 2020-07-01 | $372,500 (2.2%) | $650,820 (13.7%) | 0.00 | 142 |
| 2020-08-01 | $360,000 (0.1%) | $651,706 (13.6%) | 0.00 | 128 |
| 2020-09-01 | $369,500 (0.7%) | $695,568 (18.9%) | 0.00 | 130 |
| 2020-10-01 | $372,999 (-0.7%) | $735,120 (21.5%) | 0.00 | 116 |
| 2020-11-01 | $374,000 (-0.1%) | $749,765 (21.7%) | 0.00 | 115 |
| 2020-12-01 | $361,000 (3.2%) | $777,050 (23.8%) | 0.00 | 101 |
| 2021-01-01 | $374,000 (4.7%) | $827,509 (28.2%) | 0.00 | 99 |
| 2021-02-01 | $380,750 (-2.1%) | $867,199 (35.5%) | 0.00 | 94 |
| 2021-03-01 | $387,000 (-0.7%) | $810,011 (21.6%) | 0.00 | 93 |
| 2021-04-01 | $425,500 (9.1%) | $814,648 (25.6%) | 0.00 | 79 |
| 2021-05-01 | $474,995 (25.0%) | $843,187 (26.8%) | 0.00 | 78 |
| 2021-06-01 | $439,250 (17.1%) | $805,593 (12.8%) | 0.00 | 78 |
| 2021-07-01 | $448,000 (20.3%) | $811,759 (24.7%) | 0.00 | 95 |
| 2021-08-01 | $415,000 (15.3%) | $769,762 (18.1%) | 0.00 | 105 |
| 2021-09-01 | $392,850 (6.3%) | $774,720 (11.4%) | 0.00 | 96 |
| 2021-10-01 | $387,000 (3.8%) | $786,531 (7.0%) | 0.00 | 88 |
| 2021-11-01 | $353,000 (-5.6%) | $794,474 (6.0%) | 0.00 | 82 |
| 2021-12-01 | $336,500 (-6.8%) | $778,617 (0.2%) | 0.00 | 75 |
| 2022-01-01 | $419,450 (12.2%) | $771,864 (-6.7%) | 0.00 | 69 |
| 2022-02-01 | $449,475 (18.1%) | $770,873 (-11.1%) | 0.00 | 65 |
| 2022-03-01 | $499,250 (29.0%) | $794,548 (-1.9%) | 0.00 | 67 |
| 2022-04-01 | $545,000 (28.1%) | $983,845 (20.8%) | 0.00 | 64 |
| 2022-05-01 | $486,000 (2.3%) | $975,173 (15.7%) | 0.00 | 83 |
| 2022-06-01 | $472,500 (7.6%) | $940,458 (16.7%) | 0.00 | 103 |
| 2022-07-01 | $419,000 (-6.5%) | $917,080 (13.0%) | 0.00 | 123 |
| 2022-08-01 | $436,223 (5.1%) | $915,946 (19.0%) | 0.00 | 145 |
| 2022-09-01 | $434,725 (10.7%) | $796,174 (2.8%) | 0.00 | 162 |
| 2022-10-01 | $399,999 (3.4%) | $786,610 (0.0%) | 0.00 | 180 |
| 2022-11-01 | $399,000 (13.0%) | $753,841 (-5.1%) | 0.00 | 168 |
| 2022-12-01 | $375,000 (11.4%) | $667,351 (-14.3%) | 0.00 | 164 |
| 2023-01-01 | $380,000 (-9.4%) | $669,148 (-13.3%) | 0.00 | 154 |
| 2023-02-01 | $386,725 (-14.0%) | $672,610 (-12.8%) | 0.00 | 166 |
| 2023-03-01 | $413,250 (-17.2%) | $727,702 (-8.4%) | 0.00 | 183 |
| 2023-04-01 | $399,250 (-26.7%) | $694,313 (-29.4%) | 0.00 | 203 |
| 2023-05-01 | $436,250 (-10.2%) | $775,691 (-20.5%) | 0.00 | 205 |
| 2023-06-01 | $439,500 (-7.0%) | $791,778 (-15.8%) | 0.00 | 204 |
| 2023-07-01 | $449,900 (7.4%) | $813,355 (-11.3%) | 0.00 | 198 |
| 2023-08-01 | $452,950 (3.8%) | $750,624 (-18.1%) | 0.00 | 221 |
| 2023-09-01 | $465,000 (7.0%) | $745,919 (-6.3%) | 0.00 | 229 |
| 2023-10-01 | $455,750 (13.9%) | $745,546 (-5.2%) | 0.00 | 222 |
| 2023-11-01 | $477,450 (19.7%) | $722,358 (-4.2%) | 0.00 | 224 |
| 2023-12-01 | $445,000 (18.7%) | $704,447 (5.6%) | 0.00 | 229 |
| 2024-01-01 | $424,975 (11.8%) | $686,582 (2.6%) | 0.00 | 219 |
| 2024-02-01 | $439,750 (13.7%) | $711,794 (5.8%) | 0.00 | 213 |
| 2024-03-01 | $485,000 (17.4%) | $840,558 (15.5%) | 0.00 | 233 |
Mineral Wells's median listing price comes in at 0% of the national average.
Mineral Wells's average listing price for 2024-03-01 was $840,558, a difference of $112,856 (15.5%) versus the prior year and $128,764 versus the prior month.
For the 2024-03-01 period, Mineral Wells had 233 MLS listings, a difference of 20 listings (9%) versus the prior month and 50 listings (27%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Mineral Wells (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 0 days | 2,106 sqft |
| 2018-02-01 | 0 days | 2,106 sqft |
| 2018-03-01 | 0 days | 2,117 sqft |
| 2018-04-01 | 0 days | 2,170 sqft |
| 2018-05-01 | 0 days | 2,154 sqft |
| 2018-06-01 | 0 days | 2,143 sqft |
| 2018-07-01 | 0 days | 2,163 sqft |
| 2018-08-01 | 0 days | 2,124 sqft |
| 2018-09-01 | 0 days | 2,117 sqft |
| 2018-10-01 | 0 days | 2,089 sqft |
| 2018-11-01 | 0 days | 2,079 sqft |
| 2018-12-01 | 0 days | 2,067 sqft |
| 2019-01-01 | 0 days | 2,072 sqft |
| 2019-02-01 | 0 days | 2,058 sqft |
| 2019-03-01 | 0 days | 2,062 sqft |
| 2019-04-01 | 0 days | 2,051 sqft |
| 2019-05-01 | 0 days | 2,078 sqft |
| 2019-06-01 | 0 days | 2,079 sqft |
| 2019-07-01 | 0 days | 2,056 sqft |
| 2019-08-01 | 0 days | 2,087 sqft |
| 2019-09-01 | 0 days | 2,097 sqft |
| 2019-10-01 | 0 days | 2,112 sqft |
| 2019-11-01 | 0 days | 2,118 sqft |
| 2019-12-01 | 0 days | 2,130 sqft |
| 2020-01-01 | 0 days | 2,128 sqft |
| 2020-02-01 | 0 days | 2,212 sqft |
| 2020-03-01 | 0 days | 2,190 sqft |
| 2020-04-01 | 0 days | 2,178 sqft |
| 2020-05-01 | 0 days | 2,190 sqft |
| 2020-06-01 | 0 days | 2,227 sqft |
| 2020-07-01 | 0 days | 2,212 sqft |
| 2020-08-01 | 0 days | 2,175 sqft |
| 2020-09-01 | 0 days | 2,192 sqft |
| 2020-10-01 | 0 days | 2,166 sqft |
| 2020-11-01 | 0 days | 2,191 sqft |
| 2020-12-01 | 0 days | 2,147 sqft |
| 2021-01-01 | 0 days | 2,220 sqft |
| 2021-02-01 | 0 days | 2,298 sqft |
| 2021-03-01 | 0 days | 2,155 sqft |
| 2021-04-01 | 0 days | 2,163 sqft |
| 2021-05-01 | 0 days | 2,150 sqft |
| 2021-06-01 | 0 days | 2,003 sqft |
| 2021-07-01 | 0 days | 2,000 sqft |
| 2021-08-01 | 0 days | 1,998 sqft |
| 2021-09-01 | 0 days | 1,974 sqft |
| 2021-10-01 | 0 days | 1,978 sqft |
| 2021-11-01 | 0 days | 1,985 sqft |
| 2021-12-01 | 0 days | 2,013 sqft |
| 2022-01-01 | 0 days | 2,100 sqft |
| 2022-02-01 | 0 days | 2,180 sqft |
| 2022-03-01 | 0 days | 2,118 sqft |
| 2022-04-01 | 0 days | 2,041 sqft |
| 2022-05-01 | 0 days | 2,000 sqft |
| 2022-06-01 | 0 days | 1,943 sqft |
| 2022-07-01 | 0 days | 1,958 sqft |
| 2022-08-01 | 0 days | 1,971 sqft |
| 2022-09-01 | 0 days | 1,976 sqft |
| 2022-10-01 | 0 days | 1,958 sqft |
| 2022-11-01 | 0 days | 1,917 sqft |
| 2022-12-01 | 0 days | 1,870 sqft |
| 2023-01-01 | 0 days | 1,930 sqft |
| 2023-02-01 | 0 days | 1,928 sqft |
| 2023-03-01 | 0 days | 1,951 sqft |
| 2023-04-01 | 0 days | 1,991 sqft |
| 2023-05-01 | 0 days | 2,058 sqft |
| 2023-06-01 | 0 days | 2,052 sqft |
| 2023-07-01 | 0 days | 2,066 sqft |
| 2023-08-01 | 0 days | 2,008 sqft |
| 2023-09-01 | 0 days | 2,000 sqft |
| 2023-10-01 | 0 days | 1,980 sqft |
| 2023-11-01 | 0 days | 1,983 sqft |
| 2023-12-01 | 0 days | 1,939 sqft |
| 2024-01-01 | 0 days | 1,990 sqft |
| 2024-02-01 | 0 days | 2,052 sqft |
| 2024-03-01 | 0 days | 2,099 sqft |
Mineral Wells's median square footage for active listings during the 2024-03-01 period was 2,099 sqft. One year prior, the average listing was 1,951 sqft.