Palestine USDA Loan Rates, Closing Costs & Stats
Palestine, 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.
Palestine's 2 lenders originated 2 USDA loans during 2023. The total origination value was $500,000, with an average USDA loan value of $250,000.
Palestine USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Palestine
averaged
6.58%
for the week of 2025-02-14, compared to the national average (all USDA variants) of
6.526% for the same period.
Palestine's average USDA mortgage closing costs are $5,394.
The average rate for the prior week (2025-02-07) was
6.53% and
one month ago for the week of 2025-01-10, the
average rate was 6.48%.
The average rate one year ago was 6.37%.
For refis of the same type during the week of 2025-02-14, the average rate
was 6.43%.
Palestine 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 Palestine level.
| Name | # of Loans | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
|---|---|---|---|
| Neighborhood Loans, Inc. | 1 | 6.88% | $9,757 |
| UNITED WHOLESALE MORTGAGE, LLC | 1 | 5.72% | $6,026 |
The top Palestine USDA lender as defined by loan originations is Neighborhood Loans, Inc., with
1 USDA loans originated. Their average total fees are
$9,757, which is $3,731
higher than the next largest lender,
UNITED WHOLESALE MORTGAGE, LLC.
The lowest fee Palestine USDA lenders (with over 10 loans originated) are
.
The lowest rate Palestine USDA lenders (with over 10 loans originated) are
.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Palestine (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 | $154,750 (2.4%) | $219,407 (3.3%) | 0.00 | 138 |
| 2018-02-01 | $147,750 (2.9%) | $224,302 (4.0%) | 0.00 | 131 |
| 2018-03-01 | $146,750 (1.2%) | $206,654 (-2.1%) | 0.00 | 130 |
| 2018-04-01 | $147,000 (5.4%) | $225,290 (10.0%) | 0.00 | 132 |
| 2018-05-01 | $165,000 (16.0%) | $258,184 (18.4%) | 0.00 | 142 |
| 2018-06-01 | $159,500 (6.3%) | $251,422 (7.5%) | 0.00 | 164 |
| 2018-07-01 | $160,000 (0.3%) | $258,609 (5.1%) | 0.00 | 166 |
| 2018-08-01 | $163,000 (1.1%) | $252,559 (1.4%) | 0.00 | 159 |
| 2018-09-01 | $160,000 (-7.5%) | $245,827 (-3.9%) | 0.00 | 168 |
| 2018-10-01 | $165,000 (2.0%) | $259,139 (0.0%) | 0.00 | 166 |
| 2018-11-01 | $164,950 (-0.9%) | $267,385 (7.8%) | 0.00 | 156 |
| 2018-12-01 | $169,500 (5.9%) | $273,077 (26.5%) | 0.00 | 160 |
| 2019-01-01 | $169,000 (9.2%) | $265,326 (20.9%) | 0.00 | 152 |
| 2019-02-01 | $165,950 (12.3%) | $255,102 (13.7%) | 0.00 | 152 |
| 2019-03-01 | $168,250 (14.7%) | $256,607 (24.2%) | 0.00 | 160 |
| 2019-04-01 | $166,125 (13.0%) | $257,044 (14.1%) | 0.00 | 172 |
| 2019-05-01 | $169,575 (2.8%) | $266,257 (3.1%) | 0.00 | 180 |
| 2019-06-01 | $170,500 (6.9%) | $279,831 (11.3%) | 0.00 | 180 |
| 2019-07-01 | $159,950 (0.0%) | $229,826 (-11.1%) | 0.00 | 155 |
| 2019-08-01 | $158,027 (-3.1%) | $235,301 (-6.8%) | 0.00 | 148 |
| 2019-09-01 | $161,893 (1.2%) | $248,177 (1.0%) | 0.00 | 146 |
| 2019-10-01 | $162,020 (-1.8%) | $251,735 (-2.9%) | 0.00 | 144 |
| 2019-11-01 | $158,000 (-4.2%) | $252,895 (-5.4%) | 0.00 | 131 |
| 2019-12-01 | $159,500 (-5.9%) | $240,482 (-11.9%) | 0.00 | 120 |
| 2020-01-01 | $154,500 (-8.6%) | $236,290 (-10.9%) | 0.00 | 112 |
| 2020-02-01 | $155,000 (-6.6%) | $232,804 (-8.7%) | 0.00 | 104 |
| 2020-03-01 | $159,600 (-5.1%) | $228,623 (-10.9%) | 0.00 | 109 |
| 2020-04-01 | $167,450 (0.8%) | $245,170 (-4.6%) | 0.00 | 94 |
| 2020-05-01 | $177,450 (4.6%) | $255,486 (-4.1%) | 0.00 | 77 |
| 2020-06-01 | $191,200 (12.1%) | $273,512 (-2.3%) | 0.00 | 71 |
| 2020-07-01 | $202,125 (26.4%) | $275,004 (19.7%) | 0.00 | 71 |
| 2020-08-01 | $198,500 (25.6%) | $261,654 (11.2%) | 0.00 | 67 |
| 2020-09-01 | $182,100 (12.5%) | $239,413 (-3.5%) | 0.00 | 68 |
| 2020-10-01 | $185,200 (14.3%) | $250,010 (-0.7%) | 0.00 | 75 |
| 2020-11-01 | $195,000 (23.4%) | $248,107 (-1.9%) | 0.00 | 75 |
| 2020-12-01 | $192,475 (20.7%) | $243,461 (1.2%) | 0.00 | 73 |
| 2021-01-01 | $192,400 (24.5%) | $236,210 (0.0%) | 0.00 | 59 |
| 2021-02-01 | $189,475 (22.2%) | $252,253 (8.4%) | 0.00 | 57 |
| 2021-03-01 | $215,625 (35.1%) | $269,437 (17.9%) | 0.00 | 42 |
| 2021-04-01 | $217,225 (29.7%) | $263,350 (7.4%) | 0.00 | 37 |
| 2021-05-01 | $222,500 (25.4%) | $282,839 (10.7%) | 0.00 | 42 |
| 2021-06-01 | $216,000 (13.0%) | $274,368 (0.3%) | 0.00 | 41 |
| 2021-07-01 | $198,500 (-1.8%) | $266,105 (-3.2%) | 0.00 | 56 |
| 2021-08-01 | $190,600 (-4.0%) | $255,334 (-2.4%) | 0.00 | 70 |
| 2021-09-01 | $244,500 (34.3%) | $280,737 (17.3%) | 0.00 | 79 |
| 2021-10-01 | $250,000 (35.0%) | $312,204 (24.9%) | 0.00 | 80 |
| 2021-11-01 | $251,000 (28.7%) | $324,861 (30.9%) | 0.00 | 78 |
| 2021-12-01 | $242,000 (25.7%) | $300,542 (23.5%) | 0.00 | 74 |
| 2022-01-01 | $272,450 (41.6%) | $319,352 (35.2%) | 0.00 | 58 |
| 2022-02-01 | $232,250 (22.6%) | $265,429 (5.2%) | 0.00 | 61 |
| 2022-03-01 | $213,375 (-1.0%) | $271,380 (0.7%) | 0.00 | 53 |
| 2022-04-01 | $234,500 (8.0%) | $299,275 (13.6%) | 0.00 | 62 |
| 2022-05-01 | $198,000 (-11.0%) | $263,997 (-6.7%) | 0.00 | 80 |
| 2022-06-01 | $184,250 (-14.7%) | $277,228 (1.0%) | 0.00 | 93 |
| 2022-07-01 | $257,000 (29.5%) | $310,825 (16.8%) | 0.00 | 112 |
| 2022-08-01 | $250,000 (31.2%) | $318,570 (24.8%) | 0.00 | 115 |
| 2022-09-01 | $254,675 (4.2%) | $311,237 (10.9%) | 0.00 | 118 |
| 2022-10-01 | $252,500 (1.0%) | $305,654 (-2.1%) | 0.00 | 122 |
| 2022-11-01 | $265,000 (5.6%) | $377,898 (16.3%) | 0.00 | 114 |
| 2022-12-01 | $249,000 (2.9%) | $362,721 (20.7%) | 0.00 | 112 |
| 2023-01-01 | $249,000 (-8.6%) | $292,026 (-8.6%) | 0.00 | 107 |
| 2023-02-01 | $222,250 (-4.3%) | $280,000 (5.5%) | 0.00 | 98 |
| 2023-03-01 | $235,000 (10.1%) | $284,881 (5.0%) | 0.00 | 103 |
| 2023-04-01 | $249,000 (6.2%) | $293,515 (-1.9%) | 0.00 | 111 |
| 2023-05-01 | $250,000 (26.3%) | $310,032 (17.4%) | 0.00 | 128 |
| 2023-06-01 | $263,750 (43.2%) | $316,963 (14.3%) | 0.00 | 131 |
| 2023-07-01 | $249,000 (-3.1%) | $296,674 (-4.6%) | 0.00 | 133 |
| 2023-08-01 | $243,750 (-2.5%) | $319,502 (0.3%) | 0.00 | 139 |
| 2023-09-01 | $261,750 (2.8%) | $334,573 (7.5%) | 0.00 | 150 |
| 2023-10-01 | $257,475 (2.0%) | $343,266 (12.3%) | 0.00 | 163 |
| 2023-11-01 | $271,250 (2.4%) | $356,439 (-5.7%) | 0.00 | 149 |
| 2023-12-01 | $270,000 (8.4%) | $395,389 (9.0%) | 0.00 | 164 |
| 2024-01-01 | $265,000 (6.4%) | $388,556 (33.1%) | 0.00 | 166 |
| 2024-02-01 | $253,625 (14.1%) | $377,672 (34.9%) | 0.00 | 167 |
| 2024-03-01 | $270,000 (14.9%) | $374,571 (31.5%) | 0.00 | 174 |
| 2024-04-01 | $279,500 (12.3%) | $361,112 (23.0%) | 0.00 | 177 |
| 2024-05-01 | $285,000 (14.0%) | $369,389 (19.2%) | 0.00 | 177 |
| 2024-06-01 | $280,000 (6.2%) | $369,520 (16.6%) | 0.00 | 196 |
| 2024-07-01 | $262,750 (5.5%) | $348,751 (17.6%) | 0.00 | 196 |
| 2024-08-01 | $260,000 (6.7%) | $353,875 (10.8%) | 0.00 | 185 |
| 2024-09-01 | $272,250 (4.0%) | $367,082 (9.7%) | 0.00 | 184 |
| 2024-10-01 | $277,000 (7.6%) | $361,456 (5.3%) | 0.00 | 185 |
| 2024-11-01 | $274,500 (1.2%) | $354,370 (-0.6%) | 0.00 | 194 |
| 2024-12-01 | $284,750 (5.5%) | $364,819 (-7.7%) | 0.00 | 179 |
| 2025-01-01 | $283,500 (7.0%) | $366,201 (-5.8%) | 0.00 | 157 |
Palestine's median listing price comes in at 0% of the national average.
Palestine's average listing price for 2025-01-01 was $366,201, a difference of $-22,355 (-5.8%) versus the prior year and $1,382 versus the prior month.
For the 2025-01-01 period, Palestine had 157 MLS listings, a difference of -22 listings (-12%) versus the prior month and -9 listings (-5%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Palestine (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 0 days | 1,904 sqft |
| 2018-02-01 | 0 days | 1,902 sqft |
| 2018-03-01 | 0 days | 1,916 sqft |
| 2018-04-01 | 0 days | 1,912 sqft |
| 2018-05-01 | 0 days | 2,005 sqft |
| 2018-06-01 | 0 days | 2,000 sqft |
| 2018-07-01 | 0 days | 2,007 sqft |
| 2018-08-01 | 0 days | 1,995 sqft |
| 2018-09-01 | 0 days | 1,984 sqft |
| 2018-10-01 | 0 days | 2,008 sqft |
| 2018-11-01 | 0 days | 1,984 sqft |
| 2018-12-01 | 0 days | 1,980 sqft |
| 2019-01-01 | 0 days | 1,903 sqft |
| 2019-02-01 | 0 days | 1,972 sqft |
| 2019-03-01 | 0 days | 1,957 sqft |
| 2019-04-01 | 0 days | 1,900 sqft |
| 2019-05-01 | 0 days | 1,980 sqft |
| 2019-06-01 | 0 days | 1,980 sqft |
| 2019-07-01 | 0 days | 1,870 sqft |
| 2019-08-01 | 0 days | 1,800 sqft |
| 2019-09-01 | 0 days | 1,868 sqft |
| 2019-10-01 | 0 days | 1,903 sqft |
| 2019-11-01 | 0 days | 1,856 sqft |
| 2019-12-01 | 0 days | 1,849 sqft |
| 2020-01-01 | 0 days | 1,841 sqft |
| 2020-02-01 | 0 days | 1,858 sqft |
| 2020-03-01 | 0 days | 1,865 sqft |
| 2020-04-01 | 0 days | 1,855 sqft |
| 2020-05-01 | 0 days | 1,868 sqft |
| 2020-06-01 | 0 days | 1,881 sqft |
| 2020-07-01 | 0 days | 1,913 sqft |
| 2020-08-01 | 0 days | 1,967 sqft |
| 2020-09-01 | 0 days | 1,965 sqft |
| 2020-10-01 | 0 days | 2,145 sqft |
| 2020-11-01 | 0 days | 2,200 sqft |
| 2020-12-01 | 0 days | 2,020 sqft |
| 2021-01-01 | 0 days | 2,014 sqft |
| 2021-02-01 | 0 days | 2,091 sqft |
| 2021-03-01 | 0 days | 2,226 sqft |
| 2021-04-01 | 0 days | 2,150 sqft |
| 2021-05-01 | 0 days | 1,967 sqft |
| 2021-06-01 | 0 days | 1,858 sqft |
| 2021-07-01 | 0 days | 1,813 sqft |
| 2021-08-01 | 0 days | 1,752 sqft |
| 2021-09-01 | 0 days | 1,800 sqft |
| 2021-10-01 | 0 days | 1,814 sqft |
| 2021-11-01 | 0 days | 1,786 sqft |
| 2021-12-01 | 0 days | 1,765 sqft |
| 2022-01-01 | 0 days | 1,698 sqft |
| 2022-02-01 | 0 days | 1,609 sqft |
| 2022-03-01 | 0 days | 1,702 sqft |
| 2022-04-01 | 0 days | 1,781 sqft |
| 2022-05-01 | 0 days | 1,652 sqft |
| 2022-06-01 | 0 days | 1,538 sqft |
| 2022-07-01 | 0 days | 1,820 sqft |
| 2022-08-01 | 0 days | 1,880 sqft |
| 2022-09-01 | 0 days | 1,807 sqft |
| 2022-10-01 | 0 days | 1,880 sqft |
| 2022-11-01 | 0 days | 1,879 sqft |
| 2022-12-01 | 0 days | 1,828 sqft |
| 2023-01-01 | 0 days | 1,800 sqft |
| 2023-02-01 | 0 days | 1,705 sqft |
| 2023-03-01 | 0 days | 1,852 sqft |
| 2023-04-01 | 0 days | 1,780 sqft |
| 2023-05-01 | 0 days | 1,795 sqft |
| 2023-06-01 | 0 days | 1,835 sqft |
| 2023-07-01 | 0 days | 1,787 sqft |
| 2023-08-01 | 0 days | 1,736 sqft |
| 2023-09-01 | 0 days | 1,729 sqft |
| 2023-10-01 | 0 days | 1,736 sqft |
| 2023-11-01 | 0 days | 1,797 sqft |
| 2023-12-01 | 0 days | 1,824 sqft |
| 2024-01-01 | 0 days | 1,735 sqft |
| 2024-02-01 | 0 days | 1,685 sqft |
| 2024-03-01 | 0 days | 1,698 sqft |
| 2024-04-01 | 0 days | 1,812 sqft |
| 2024-05-01 | 0 days | 1,832 sqft |
| 2024-06-01 | 0 days | 1,875 sqft |
| 2024-07-01 | 0 days | 1,824 sqft |
| 2024-08-01 | 0 days | 1,803 sqft |
| 2024-09-01 | 0 days | 1,782 sqft |
| 2024-10-01 | 0 days | 1,772 sqft |
| 2024-11-01 | 0 days | 1,762 sqft |
| 2024-12-01 | 0 days | 1,785 sqft |
| 2025-01-01 | 0 days | 1,801 sqft |
Palestine's median square footage for active listings during the 2025-01-01 period was 1,801 sqft. One year prior, the average listing was 1,735 sqft.