Paris USDA Loan Rates, Closing Costs & Stats

Paris, TX

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    • 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 7.03% for the week of 2024-04-19, compared to the national average (all USDA variants) of 6.863% for the same period.

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

    The average rate for the prior week (2024-04-12) was 6.68% and one month ago for the week of 2024-03-15, the average rate was 6.76%.

    The average rate one year ago was 6.2%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.86%.

    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
    Paris's median listing price for 2024-03-01 was $245,500, a difference of $-14,475 (-5.6%) versus the prior year and $-3,350 versus the prior month.

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

    Paris's average listing price for 2024-03-01 was $357,752, a difference of $13,326 (3.9%) versus the prior year and $-8,419 versus the prior month.

    For the 2024-03-01 period, Paris had 168 MLS listings, a difference of -6 listings (-3%) versus the prior month and -8 listings (-5%) 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
    Paris's median listing age (time on market) for 2024-03-01 was 0 days.

    Paris's median square footage for active listings during the 2024-03-01 period was 1,788 sqft. One year prior, the average listing was 1,801 sqft.