Paris USDA Loan Rates, Closing Costs & Stats

Paris, 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.

Paris's 9 lenders originated 11 USDA loans during 2023. The total origination value was $1,895,000, with an average USDA loan value of $172,273.

Paris USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Paris averaged 5.93% for the week of 2024-10-04, compared to the national average (all USDA variants) of 5.97% for the same period.

Paris's average USDA mortgage closing costs are $6,247.

The average rate for the prior week (2024-09-27) was 5.86% and one month ago for the week of 2024-08-30, the average rate was 6%.

The average rate one year ago was 7.05%.

For refis of the same type during the week of 2024-10-04, the average rate was 5.77%.

Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

Paris 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 Paris level.

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
Guaranty Bank & Trust, N.A. 3 6.38% $6,242
Farmers Bank & Trust Company 1 6.00% $17,383
First Federal Bank 1 6.50% $11,757
GUARANTEED RATE, INC. 1 6.13% $10,382
GUILD MORTGAGE COMPANY 1 5.63% $12,299
Independent Bank 1 6.25% $4,297
Nations Lending Corporation 1 6.25% $6,601
CROSSCOUNTRY MORTGAGE, LLC 1 7.13% $7,934
SFMC, LP 1 5.63% $6,620

The top Paris USDA lender as defined by loan originations is Guaranty Bank & Trust, N.A., with 3 USDA loans originated. Their average total fees are $6,242, which is $11,141 lower than the next largest lender, Farmers Bank & Trust Company.

The lowest fee Paris USDA lenders (with over 10 loans originated) are .

The lowest rate Paris USDA lenders (with over 10 loans originated) are .


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Paris (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 $172,450 (19.0%) $215,122 (12.4%) 0.00 187
2018-02-01 $169,000 (17.8%) $203,748 (6.3%) 0.00 193
2018-03-01 $169,900 (22.3%) $216,107 (12.3%) 0.00 186
2018-04-01 $179,675 (38.3%) $225,846 (21.1%) 0.00 190
2018-05-01 $179,950 (26.6%) $229,721 (7.9%) 0.00 193
2018-06-01 $174,700 (18.4%) $209,231 (2.8%) 0.00 203
2018-07-01 $169,925 (13.4%) $210,099 (2.9%) 0.00 214
2018-08-01 $175,975 (10.6%) $223,109 (6.3%) 0.00 221
2018-09-01 $175,000 (10.1%) $222,877 (7.3%) 0.00 227
2018-10-01 $176,500 (4.4%) $223,775 (2.6%) 0.00 245
2018-11-01 $182,100 (7.1%) $221,666 (2.5%) 0.00 237
2018-12-01 $169,900 (0.0%) $217,933 (0.1%) 0.00 211
2019-01-01 $160,975 (-6.7%) $211,984 (-1.5%) 0.00 200
2019-02-01 $163,350 (-3.3%) $213,010 (4.6%) 0.00 196
2019-03-01 $169,621 (-0.2%) $208,144 (-3.7%) 0.00 194
2019-04-01 $182,725 (1.7%) $211,805 (-6.2%) 0.00 196
2019-05-01 $189,700 (5.4%) $224,518 (-2.3%) 0.00 213
2019-06-01 $174,900 (0.1%) $213,464 (2.0%) 0.00 229
2019-07-01 $184,996 (8.9%) $219,175 (4.3%) 0.00 233
2019-08-01 $189,755 (7.8%) $224,998 (0.9%) 0.00 234
2019-09-01 $189,836 (8.5%) $224,645 (0.8%) 0.00 230
2019-10-01 $189,900 (7.6%) $225,368 (0.7%) 0.00 224
2019-11-01 $179,000 (-1.7%) $216,294 (-2.4%) 0.00 219
2019-12-01 $171,450 (0.9%) $208,419 (-4.4%) 0.00 211
2020-01-01 $177,200 (10.1%) $220,368 (4.0%) 0.00 176
2020-02-01 $177,500 (8.7%) $225,060 (5.7%) 0.00 169
2020-03-01 $173,750 (2.4%) $233,166 (12.0%) 0.00 161
2020-04-01 $169,900 (-7.0%) $225,964 (6.7%) 0.00 149
2020-05-01 $169,450 (-10.7%) $214,129 (-4.6%) 0.00 137
2020-06-01 $195,000 (11.5%) $225,117 (5.5%) 0.00 122
2020-07-01 $195,475 (5.7%) $223,607 (2.0%) 0.00 126
2020-08-01 $185,000 (-2.5%) $228,463 (1.5%) 0.00 97
2020-09-01 $220,600 (16.2%) $245,374 (9.2%) 0.00 91
2020-10-01 $219,250 (15.5%) $248,698 (10.4%) 0.00 105
2020-11-01 $214,725 (20.0%) $271,228 (25.4%) 0.00 100
2020-12-01 $179,900 (4.9%) $251,536 (20.7%) 0.00 92
2021-01-01 $181,200 (2.3%) $254,492 (15.5%) 0.00 85
2021-02-01 $176,225 (-0.7%) $258,583 (14.9%) 0.00 78
2021-03-01 $211,125 (21.5%) $279,116 (19.7%) 0.00 60
2021-04-01 $219,350 (29.1%) $284,452 (25.9%) 0.00 53
2021-05-01 $210,000 (23.9%) $269,295 (25.8%) 0.00 56
2021-06-01 $198,200 (1.6%) $246,681 (9.6%) 0.00 72
2021-07-01 $201,450 (3.1%) $274,941 (23.0%) 0.00 77
2021-08-01 $232,350 (25.6%) $278,509 (21.9%) 0.00 83
2021-09-01 $249,700 (13.2%) $304,625 (24.2%) 0.00 103
2021-10-01 $249,450 (13.8%) $295,870 (19.0%) 0.00 113
2021-11-01 $242,750 (13.1%) $315,553 (16.3%) 0.00 92
2021-12-01 $247,225 (37.4%) $323,651 (28.7%) 0.00 93
2022-01-01 $265,000 (46.3%) $333,079 (30.9%) 0.00 94
2022-02-01 $238,675 (35.4%) $321,486 (24.3%) 0.00 86
2022-03-01 $275,375 (30.4%) $358,124 (28.3%) 0.00 82
2022-04-01 $259,900 (18.5%) $371,610 (30.6%) 0.00 85
2022-05-01 $262,875 (25.2%) $395,871 (47.0%) 0.00 89
2022-06-01 $249,500 (25.9%) $350,867 (42.2%) 0.00 113
2022-07-01 $259,450 (28.8%) $355,884 (29.4%) 0.00 129
2022-08-01 $237,475 (2.2%) $324,787 (16.6%) 0.00 154
2022-09-01 $234,900 (-5.9%) $330,417 (8.5%) 0.00 164
2022-10-01 $225,000 (-9.8%) $298,488 (0.9%) 0.00 191
2022-11-01 $222,450 (-8.4%) $305,414 (-3.2%) 0.00 196
2022-12-01 $225,000 (-9.0%) $316,861 (-2.1%) 0.00 188
2023-01-01 $249,950 (-5.7%) $319,377 (-4.1%) 0.00 178
2023-02-01 $259,950 (8.9%) $344,493 (7.2%) 0.00 175
2023-03-01 $259,975 (-5.6%) $344,426 (-3.8%) 0.00 176
2023-04-01 $270,000 (3.9%) $355,857 (-4.2%) 0.00 177
2023-05-01 $279,900 (6.5%) $366,130 (-7.5%) 0.00 170
2023-06-01 $285,000 (14.2%) $359,753 (2.5%) 0.00 172
2023-07-01 $265,000 (2.1%) $347,665 (-2.3%) 0.00 185
2023-08-01 $264,900 (11.6%) $371,826 (14.5%) 0.00 189
2023-09-01 $269,950 (14.9%) $370,530 (12.1%) 0.00 194
2023-10-01 $258,500 (14.9%) $369,878 (23.9%) 0.00 199
2023-11-01 $250,600 (12.7%) $355,330 (16.3%) 0.00 211
2023-12-01 $249,900 (11.1%) $355,754 (12.3%) 0.00 214
2024-01-01 $249,950 (0.0%) $374,561 (17.3%) 0.00 196
2024-02-01 $248,850 (-4.3%) $366,171 (6.3%) 0.00 174
2024-03-01 $245,500 (-5.6%) $357,752 (3.9%) 0.00 168
2024-04-01 $251,875 (-6.7%) $350,111 (-1.6%) 0.00 175
2024-05-01 $268,513 (-4.1%) $327,836 (-10.5%) 0.00 172
2024-06-01 $272,450 (-4.4%) $337,116 (-6.3%) 0.00 198
2024-07-01 $271,950 (2.6%) $348,176 (0.2%) 0.00 212
2024-08-01 $285,000 (7.6%) $351,965 (-5.3%) 0.00 210
2024-09-01 $283,475 (5.0%) $355,916 (-3.9%) 0.00 207
Paris's median listing price for 2024-09-01 was $283,475, a difference of $13,525 (5.0%) versus the prior year and $-1,525 versus the prior month.

Paris's median listing price comes in at 0% of the national average.

Paris's average listing price for 2024-09-01 was $355,916, a difference of $-14,614 (-3.9%) versus the prior year and $3,951 versus the prior month.

For the 2024-09-01 period, Paris had 207 MLS listings, a difference of -3 listings (-1%) versus the prior month and 13 listings (7%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Paris (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 2,240 sqft
2018-02-01 0 days 2,133 sqft
2018-03-01 0 days 2,268 sqft
2018-04-01 0 days 2,369 sqft
2018-05-01 0 days 2,467 sqft
2018-06-01 0 days 2,363 sqft
2018-07-01 0 days 2,264 sqft
2018-08-01 0 days 2,294 sqft
2018-09-01 0 days 2,237 sqft
2018-10-01 0 days 2,200 sqft
2018-11-01 0 days 2,145 sqft
2018-12-01 0 days 2,167 sqft
2019-01-01 0 days 2,083 sqft
2019-02-01 0 days 2,087 sqft
2019-03-01 0 days 2,053 sqft
2019-04-01 0 days 2,020 sqft
2019-05-01 0 days 2,157 sqft
2019-06-01 0 days 2,102 sqft
2019-07-01 0 days 2,154 sqft
2019-08-01 0 days 2,230 sqft
2019-09-01 0 days 2,269 sqft
2019-10-01 0 days 2,322 sqft
2019-11-01 0 days 2,220 sqft
2019-12-01 0 days 2,196 sqft
2020-01-01 0 days 2,202 sqft
2020-02-01 0 days 2,201 sqft
2020-03-01 0 days 2,186 sqft
2020-04-01 0 days 2,150 sqft
2020-05-01 0 days 2,010 sqft
2020-06-01 0 days 2,346 sqft
2020-07-01 0 days 2,109 sqft
2020-08-01 0 days 2,254 sqft
2020-09-01 0 days 2,315 sqft
2020-10-01 0 days 2,406 sqft
2020-11-01 0 days 2,494 sqft
2020-12-01 0 days 2,266 sqft
2021-01-01 0 days 2,260 sqft
2021-02-01 0 days 2,095 sqft
2021-03-01 0 days 2,127 sqft
2021-04-01 0 days 2,285 sqft
2021-05-01 0 days 1,992 sqft
2021-06-01 0 days 1,942 sqft
2021-07-01 0 days 1,905 sqft
2021-08-01 0 days 1,885 sqft
2021-09-01 0 days 1,891 sqft
2021-10-01 0 days 1,967 sqft
2021-11-01 0 days 1,857 sqft
2021-12-01 0 days 1,837 sqft
2022-01-01 0 days 1,878 sqft
2022-02-01 0 days 1,781 sqft
2022-03-01 0 days 1,883 sqft
2022-04-01 0 days 1,868 sqft
2022-05-01 0 days 1,881 sqft
2022-06-01 0 days 1,864 sqft
2022-07-01 0 days 1,855 sqft
2022-08-01 0 days 1,820 sqft
2022-09-01 0 days 1,834 sqft
2022-10-01 0 days 1,742 sqft
2022-11-01 0 days 1,748 sqft
2022-12-01 0 days 1,836 sqft
2023-01-01 0 days 1,800 sqft
2023-02-01 0 days 1,851 sqft
2023-03-01 0 days 1,801 sqft
2023-04-01 0 days 1,867 sqft
2023-05-01 0 days 1,897 sqft
2023-06-01 0 days 1,964 sqft
2023-07-01 0 days 1,926 sqft
2023-08-01 0 days 1,965 sqft
2023-09-01 0 days 1,964 sqft
2023-10-01 0 days 1,856 sqft
2023-11-01 0 days 1,801 sqft
2023-12-01 0 days 1,805 sqft
2024-01-01 0 days 1,805 sqft
2024-02-01 0 days 1,801 sqft
2024-03-01 0 days 1,788 sqft
2024-04-01 0 days 1,906 sqft
2024-05-01 0 days 1,842 sqft
2024-06-01 0 days 1,870 sqft
2024-07-01 0 days 1,867 sqft
2024-08-01 0 days 1,990 sqft
2024-09-01 0 days 1,971 sqft
Paris's median listing age (time on market) for 2024-09-01 was 0 days.

Paris's median square footage for active listings during the 2024-09-01 period was 1,971 sqft. One year prior, the average listing was 1,964 sqft.