Plainview USDA Loan Rates, Closing Costs & Stats
Plainview, 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.
Plainview's 3 lenders originated 5 USDA loans during 2023. The total origination value was $565,000, with an average USDA loan value of $113,000.
Plainview USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Plainview
averaged
6.32%
for the week of 2024-12-13, compared to the national average (all USDA variants) of
6.303% for the same period.
Plainview's average USDA mortgage closing costs are $4,213.
The average rate for the prior week (2024-12-06) was
6.66% and
one month ago for the week of 2024-11-08, the
average rate was 6.47%.
The average rate one year ago was 6.74%.
For refis of the same type during the week of 2024-12-13, the average rate
was 6.1%.
Plainview 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 Plainview level.
| Name | # of Loans | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
|---|---|---|---|
| FLAT BRANCH MORTGAGE, INC. | 3 | 6.96% | $4,782 |
| AMERICAN FINANCIAL NETWORK, INC. | 1 | 7.75% | $7,268 |
| Equity Prime Mortgage LLC | 1 | 6.50% | $7,173 |
The top Plainview USDA lender as defined by loan originations is FLAT BRANCH MORTGAGE, INC., with
3 USDA loans originated. Their average total fees are
$4,782, which is $2,485
lower than the next largest lender,
AMERICAN FINANCIAL NETWORK, INC..
The lowest fee Plainview USDA lenders (with over 10 loans originated) are
.
The lowest rate Plainview USDA lenders (with over 10 loans originated) are
.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Plainview (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 | $122,400 (4.4%) | $150,032 (10.4%) | 0.00 | 104 |
| 2018-02-01 | $126,850 (7.4%) | $151,313 (8.1%) | 0.00 | 110 |
| 2018-03-01 | $139,850 (16.3%) | $160,082 (7.7%) | 0.00 | 103 |
| 2018-04-01 | $142,375 (18.0%) | $166,041 (6.6%) | 0.00 | 92 |
| 2018-05-01 | $142,325 (17.3%) | $157,142 (2.8%) | 0.00 | 96 |
| 2018-06-01 | $147,200 (32.3%) | $160,766 (12.8%) | 0.00 | 100 |
| 2018-07-01 | $144,500 (31.4%) | $163,694 (19.3%) | 0.00 | 113 |
| 2018-08-01 | $137,325 (21.1%) | $165,664 (18.8%) | 0.00 | 108 |
| 2018-09-01 | $130,000 (4.7%) | $166,474 (16.4%) | 0.00 | 111 |
| 2018-10-01 | $125,000 (-1.5%) | $167,202 (11.1%) | 0.00 | 108 |
| 2018-11-01 | $125,975 (-0.1%) | $163,628 (6.3%) | 0.00 | 116 |
| 2018-12-01 | $132,500 (6.7%) | $166,610 (8.9%) | 0.00 | 110 |
| 2019-01-01 | $120,600 (-1.5%) | $162,128 (8.1%) | 0.00 | 103 |
| 2019-02-01 | $129,450 (2.1%) | $164,691 (8.8%) | 0.00 | 100 |
| 2019-03-01 | $138,693 (-0.8%) | $169,576 (5.9%) | 0.00 | 97 |
| 2019-04-01 | $141,993 (-0.3%) | $170,151 (2.5%) | 0.00 | 99 |
| 2019-05-01 | $132,475 (-6.9%) | $166,700 (6.1%) | 0.00 | 96 |
| 2019-06-01 | $131,250 (-10.8%) | $163,855 (1.9%) | 0.00 | 92 |
| 2019-07-01 | $127,875 (-11.5%) | $151,931 (-7.2%) | 0.00 | 107 |
| 2019-08-01 | $127,318 (-7.3%) | $153,241 (-7.5%) | 0.00 | 103 |
| 2019-09-01 | $127,420 (-2.0%) | $155,638 (-6.5%) | 0.00 | 99 |
| 2019-10-01 | $126,714 (1.4%) | $157,656 (-5.7%) | 0.00 | 94 |
| 2019-11-01 | $127,000 (0.8%) | $156,938 (-4.1%) | 0.00 | 94 |
| 2019-12-01 | $135,375 (2.2%) | $162,903 (-2.2%) | 0.00 | 90 |
| 2020-01-01 | $134,625 (11.6%) | $158,986 (-1.9%) | 0.00 | 83 |
| 2020-02-01 | $128,950 (-0.4%) | $160,397 (-2.6%) | 0.00 | 73 |
| 2020-03-01 | $137,250 (-1.0%) | $177,794 (4.9%) | 0.00 | 70 |
| 2020-04-01 | $139,750 (-1.6%) | $191,535 (12.6%) | 0.00 | 69 |
| 2020-05-01 | $147,250 (11.2%) | $200,830 (20.5%) | 0.00 | 65 |
| 2020-06-01 | $144,300 (9.9%) | $197,529 (20.6%) | 0.00 | 64 |
| 2020-07-01 | $136,050 (6.4%) | $177,278 (16.7%) | 0.00 | 61 |
| 2020-08-01 | $137,200 (7.8%) | $176,415 (15.1%) | 0.00 | 71 |
| 2020-09-01 | $136,000 (6.7%) | $176,019 (13.1%) | 0.00 | 65 |
| 2020-10-01 | $135,500 (6.9%) | $177,814 (12.8%) | 0.00 | 54 |
| 2020-11-01 | $139,950 (10.2%) | $190,497 (21.4%) | 0.00 | 43 |
| 2020-12-01 | $143,575 (6.1%) | $197,945 (21.5%) | 0.00 | 46 |
| 2021-01-01 | $133,500 (-0.8%) | $180,609 (13.6%) | 0.00 | 41 |
| 2021-02-01 | $132,375 (2.7%) | $187,457 (16.9%) | 0.00 | 35 |
| 2021-03-01 | $110,875 (-19.2%) | $188,491 (6.0%) | 0.00 | 29 |
| 2021-04-01 | $114,950 (-17.8%) | $189,353 (-1.1%) | 0.00 | 32 |
| 2021-05-01 | $110,000 (-25.3%) | $247,536 (23.3%) | 0.00 | 24 |
| 2021-06-01 | $180,000 (24.7%) | $241,830 (22.4%) | 0.00 | 26 |
| 2021-07-01 | $149,500 (9.9%) | $247,150 (39.4%) | 0.00 | 21 |
| 2021-08-01 | $134,750 (-1.8%) | $187,014 (6.0%) | 0.00 | 35 |
| 2021-09-01 | $139,875 (2.9%) | $197,527 (12.2%) | 0.00 | 36 |
| 2021-10-01 | $117,475 (-13.3%) | $209,376 (17.8%) | 0.00 | 27 |
| 2021-11-01 | $129,975 (-7.1%) | $220,978 (16.0%) | 0.00 | 27 |
| 2021-12-01 | $167,325 (16.5%) | $234,950 (18.7%) | 0.00 | 30 |
| 2022-01-01 | $140,000 (4.9%) | $218,409 (20.9%) | 0.00 | 27 |
| 2022-02-01 | $142,938 (8.0%) | $226,247 (20.7%) | 0.00 | 29 |
| 2022-03-01 | $162,250 (46.3%) | $249,120 (32.2%) | 0.00 | 20 |
| 2022-04-01 | $189,700 (65.0%) | $266,726 (40.9%) | 0.00 | 18 |
| 2022-05-01 | $174,000 (58.2%) | $255,787 (3.3%) | 0.00 | 25 |
| 2022-06-01 | $139,375 (-22.6%) | $227,519 (-5.9%) | 0.00 | 27 |
| 2022-07-01 | $167,500 (12.0%) | $211,732 (-14.3%) | 0.00 | 32 |
| 2022-08-01 | $158,575 (17.7%) | $212,031 (13.4%) | 0.00 | 28 |
| 2022-09-01 | $130,750 (-6.5%) | $192,516 (-2.5%) | 0.00 | 33 |
| 2022-10-01 | $175,000 (49.0%) | $222,054 (6.1%) | 0.00 | 36 |
| 2022-11-01 | $169,200 (30.2%) | $223,932 (1.3%) | 0.00 | 36 |
| 2022-12-01 | $164,900 (-1.5%) | $235,723 (0.3%) | 0.00 | 35 |
| 2023-01-01 | $156,475 (11.8%) | $214,323 (-1.9%) | 0.00 | 38 |
| 2023-02-01 | $164,900 (15.4%) | $220,521 (-2.5%) | 0.00 | 37 |
| 2023-03-01 | $182,500 (12.5%) | $237,095 (-4.8%) | 0.00 | 37 |
| 2023-04-01 | $199,500 (5.2%) | $298,312 (11.8%) | 0.00 | 35 |
| 2023-05-01 | $206,500 (18.7%) | $284,111 (11.1%) | 0.00 | 45 |
| 2023-06-01 | $197,125 (41.4%) | $261,861 (15.1%) | 0.00 | 53 |
| 2023-07-01 | $197,450 (17.9%) | $256,343 (21.1%) | 0.00 | 59 |
| 2023-08-01 | $193,185 (21.8%) | $244,913 (15.5%) | 0.00 | 74 |
| 2023-09-01 | $197,000 (50.7%) | $248,325 (29.0%) | 0.00 | 77 |
| 2023-10-01 | $195,685 (11.8%) | $252,574 (13.7%) | 0.00 | 76 |
| 2023-11-01 | $195,870 (15.8%) | $279,642 (24.9%) | 0.00 | 83 |
| 2023-12-01 | $191,870 (16.4%) | $282,136 (19.7%) | 0.00 | 81 |
| 2024-01-01 | $197,635 (26.3%) | $282,176 (31.7%) | 0.00 | 76 |
| 2024-02-01 | $191,738 (16.3%) | $268,782 (21.9%) | 0.00 | 77 |
| 2024-03-01 | $198,500 (8.8%) | $258,662 (9.1%) | 0.00 | 85 |
| 2024-04-01 | $209,975 (5.3%) | $280,277 (-6.1%) | 0.00 | 76 |
| 2024-05-01 | $219,900 (6.5%) | $299,840 (5.5%) | 0.00 | 69 |
| 2024-06-01 | $229,000 (16.2%) | $302,827 (15.6%) | 0.00 | 76 |
| 2024-07-01 | $204,600 (3.6%) | $278,721 (8.7%) | 0.00 | 91 |
| 2024-08-01 | $204,750 (6.0%) | $270,546 (10.5%) | 0.00 | 99 |
| 2024-09-01 | $200,500 (1.8%) | $255,641 (3.0%) | 0.00 | 92 |
| 2024-10-01 | $191,688 (-2.0%) | $244,463 (-3.2%) | 0.00 | 96 |
| 2024-11-01 | $188,625 (-3.7%) | $237,800 (-15.0%) | 0.00 | 92 |
Plainview's median listing price comes in at 0% of the national average.
Plainview's average listing price for 2024-11-01 was $237,800, a difference of $-41,842 (-15.0%) versus the prior year and $-6,663 versus the prior month.
For the 2024-11-01 period, Plainview had 92 MLS listings, a difference of -4 listings (-4%) versus the prior month and 9 listings (11%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Plainview (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 0 days | 1,816 sqft |
| 2018-02-01 | 0 days | 1,864 sqft |
| 2018-03-01 | 0 days | 1,970 sqft |
| 2018-04-01 | 0 days | 2,020 sqft |
| 2018-05-01 | 0 days | 1,987 sqft |
| 2018-06-01 | 0 days | 2,046 sqft |
| 2018-07-01 | 0 days | 2,004 sqft |
| 2018-08-01 | 0 days | 1,972 sqft |
| 2018-09-01 | 0 days | 1,959 sqft |
| 2018-10-01 | 0 days | 1,935 sqft |
| 2018-11-01 | 0 days | 1,948 sqft |
| 2018-12-01 | 0 days | 1,922 sqft |
| 2019-01-01 | 0 days | 1,911 sqft |
| 2019-02-01 | 0 days | 1,930 sqft |
| 2019-03-01 | 0 days | 1,955 sqft |
| 2019-04-01 | 0 days | 1,969 sqft |
| 2019-05-01 | 0 days | 1,959 sqft |
| 2019-06-01 | 0 days | 1,940 sqft |
| 2019-07-01 | 0 days | 1,901 sqft |
| 2019-08-01 | 0 days | 1,916 sqft |
| 2019-09-01 | 0 days | 1,943 sqft |
| 2019-10-01 | 0 days | 1,965 sqft |
| 2019-11-01 | 0 days | 1,956 sqft |
| 2019-12-01 | 0 days | 1,942 sqft |
| 2020-01-01 | 0 days | 1,941 sqft |
| 2020-02-01 | 0 days | 1,905 sqft |
| 2020-03-01 | 0 days | 1,974 sqft |
| 2020-04-01 | 0 days | 2,045 sqft |
| 2020-05-01 | 0 days | 2,175 sqft |
| 2020-06-01 | 0 days | 2,109 sqft |
| 2020-07-01 | 0 days | 2,030 sqft |
| 2020-08-01 | 0 days | 2,117 sqft |
| 2020-09-01 | 0 days | 2,137 sqft |
| 2020-10-01 | 0 days | 2,078 sqft |
| 2020-11-01 | 0 days | 1,955 sqft |
| 2020-12-01 | 0 days | 2,039 sqft |
| 2021-01-01 | 0 days | 1,910 sqft |
| 2021-02-01 | 0 days | 1,956 sqft |
| 2021-03-01 | 0 days | 1,975 sqft |
| 2021-04-01 | 0 days | 2,012 sqft |
| 2021-05-01 | 0 days | 1,646 sqft |
| 2021-06-01 | 0 days | 2,148 sqft |
| 2021-07-01 | 0 days | 1,635 sqft |
| 2021-08-01 | 0 days | 1,631 sqft |
| 2021-09-01 | 0 days | 1,743 sqft |
| 2021-10-01 | 0 days | 1,631 sqft |
| 2021-11-01 | 0 days | 1,631 sqft |
| 2021-12-01 | 0 days | 1,634 sqft |
| 2022-01-01 | 0 days | 1,633 sqft |
| 2022-02-01 | 0 days | 1,786 sqft |
| 2022-03-01 | 0 days | 1,666 sqft |
| 2022-04-01 | 0 days | 1,912 sqft |
| 2022-05-01 | 0 days | 1,980 sqft |
| 2022-06-01 | 0 days | 1,768 sqft |
| 2022-07-01 | 0 days | 1,913 sqft |
| 2022-08-01 | 0 days | 1,943 sqft |
| 2022-09-01 | 0 days | 1,770 sqft |
| 2022-10-01 | 0 days | 1,801 sqft |
| 2022-11-01 | 0 days | 1,793 sqft |
| 2022-12-01 | 0 days | 1,777 sqft |
| 2023-01-01 | 0 days | 1,697 sqft |
| 2023-02-01 | 0 days | 1,740 sqft |
| 2023-03-01 | 0 days | 1,892 sqft |
| 2023-04-01 | 0 days | 1,960 sqft |
| 2023-05-01 | 0 days | 1,839 sqft |
| 2023-06-01 | 0 days | 1,773 sqft |
| 2023-07-01 | 0 days | 1,874 sqft |
| 2023-08-01 | 0 days | 1,913 sqft |
| 2023-09-01 | 0 days | 1,913 sqft |
| 2023-10-01 | 0 days | 1,910 sqft |
| 2023-11-01 | 0 days | 1,884 sqft |
| 2023-12-01 | 0 days | 1,907 sqft |
| 2024-01-01 | 0 days | 1,920 sqft |
| 2024-02-01 | 0 days | 1,881 sqft |
| 2024-03-01 | 0 days | 1,905 sqft |
| 2024-04-01 | 0 days | 1,995 sqft |
| 2024-05-01 | 0 days | 2,104 sqft |
| 2024-06-01 | 0 days | 2,091 sqft |
| 2024-07-01 | 0 days | 2,020 sqft |
| 2024-08-01 | 0 days | 2,045 sqft |
| 2024-09-01 | 0 days | 1,952 sqft |
| 2024-10-01 | 0 days | 1,961 sqft |
| 2024-11-01 | 0 days | 1,902 sqft |
Plainview's median square footage for active listings during the 2024-11-01 period was 1,902 sqft. One year prior, the average listing was 1,884 sqft.