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 4 USDA loans during 2022. The total origination value was $610,000, with an average USDA loan value of $152,500.

Plainview USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Plainview averaged 6.59% for the week of 2024-03-22, compared to the national average (all USDA variants) of 6.674% for the same period.

Plainview's average USDA mortgage closing costs are $4,038.

The average rate for the prior week (2024-03-15) was 6.32% and one month ago for the week of 2024-02-16, the average rate was 6.7%.

The average rate one year ago was 6.49%.

For refis of the same type during the week of 2024-03-22, the average rate was 6.67%.

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

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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
CARDINAL FINANCIAL 2 6.31% $6,284
ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 5.50% $4,564
City Bank 1 5.38% $5,656

The top Plainview USDA lender as defined by loan originations is CARDINAL FINANCIAL, with 2 USDA loans originated. Their average total fees are $6,284, which is $1,721 higher than the next largest lender, ARK-LA-TEX FINANCIAL SERVICES, LLC..

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
Plainview's median listing price for 2024-02-01 was $191,738, a difference of $26,838 (16.3%) versus the prior year and $-5,897 versus the prior month.

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

Plainview's average listing price for 2024-02-01 was $268,782, a difference of $48,261 (21.9%) versus the prior year and $-13,394 versus the prior month.

For the 2024-02-01 period, Plainview had 77 MLS listings, a difference of 1 listings (1%) versus the prior month and 40 listings (108%) 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
Plainview's median listing age (time on market) for 2024-02-01 was 0 days.

Plainview's median square footage for active listings during the 2024-02-01 period was 1,881 sqft. One year prior, the average listing was 1,740 sqft.