Raymondville USDA Loan Rates, Closing Costs & Stats

Raymondville, 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.

    Raymondville's 3 lenders originated 4 USDA loans during 2023. The total origination value was $740,000, with an average USDA loan value of $185,000.

    Raymondville USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Raymondville averaged 6.96% for the week of 2024-04-19, compared to the national average (all USDA variants) of 6.863% for the same period.

    Raymondville's average USDA mortgage closing costs are $6,491.

    The average rate for the prior week (2024-04-12) was 6.62% and one month ago for the week of 2024-03-15, the average rate was 6.6%.

    The average rate one year ago was 6.14%.

    For refis of the same type during the week of 2024-04-19, the average rate was 7.06%.

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

    Raymondville 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 Raymondville level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    DRAPER AND KRAMER MORTGAGE CORP. 2 6.88% $7,738
    CORNERSTONE HOME LENDING, INC. 1 5.50% $8,506
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 6.75% $10,773

    The top Raymondville USDA lender as defined by loan originations is DRAPER AND KRAMER MORTGAGE CORP., with 2 USDA loans originated. Their average total fees are $7,738, which is $768 lower than the next largest lender, CORNERSTONE HOME LENDING, INC..

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

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

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Raymondville (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 $194,000 (25.2%) $204,150 (23.4%) 0.00 53
    2018-02-01 $183,225 (22.2%) $204,180 (25.0%) 0.00 51
    2018-03-01 $176,950 (31.1%) $191,700 (18.6%) 0.00 48
    2018-04-01 $182,500 (21.8%) $194,357 (15.1%) 0.00 49
    2018-05-01 $186,175 (16.9%) $191,777 (14.3%) 0.00 45
    2018-06-01 $155,000 (-2.5%) $179,972 (6.2%) 0.00 49
    2018-07-01 $173,200 (12.1%) $192,533 (21.3%) 0.00 51
    2018-08-01 $155,750 (-3.9%) $181,250 (13.2%) 0.00 52
    2018-09-01 $169,000 (-6.1%) $183,334 (-1.4%) 0.00 49
    2018-10-01 $169,500 (-15.0%) $188,212 (-5.4%) 0.00 49
    2018-11-01 $170,475 (-14.4%) $186,857 (-9.1%) 0.00 44
    2018-12-01 $189,000 (-2.6%) $200,974 (-0.4%) 0.00 40
    2019-01-01 $163,225 (-15.9%) $185,878 (-9.0%) 0.00 42
    2019-02-01 $178,500 (-2.6%) $196,813 (-3.6%) 0.00 37
    2019-03-01 $175,000 (-1.1%) $197,883 (3.2%) 0.00 36
    2019-04-01 $181,225 (-0.7%) $203,390 (4.7%) 0.00 36
    2019-05-01 $194,225 (4.3%) $211,017 (10.0%) 0.00 36
    2019-06-01 $150,000 (-3.2%) $205,429 (14.1%) 0.00 36
    2019-07-01 $149,975 (-13.4%) $201,445 (4.6%) 0.00 36
    2019-08-01 $205,964 (32.2%) $222,103 (22.5%) 0.00 37
    2019-09-01 $230,734 (36.5%) $252,263 (37.6%) 0.00 37
    2019-10-01 $246,998 (45.7%) $271,673 (44.3%) 0.00 37
    2019-11-01 $248,500 (45.8%) $267,088 (42.9%) 0.00 38
    2019-12-01 $261,363 (38.3%) $307,761 (53.1%) 0.00 34
    2020-01-01 $258,225 (58.2%) $303,390 (63.2%) 0.00 34
    2020-02-01 $244,000 (36.7%) $279,272 (41.9%) 0.00 34
    2020-03-01 $225,000 (28.6%) $270,534 (36.7%) 0.00 33
    2020-04-01 $197,288 (8.9%) $253,470 (24.6%) 0.00 30
    2020-05-01 $224,000 (15.3%) $264,274 (25.2%) 0.00 29
    2020-06-01 $224,500 (49.7%) $270,839 (31.8%) 0.00 28
    2020-07-01 $232,500 (55.0%) $296,116 (47.0%) 0.00 27
    2020-08-01 $235,500 (14.3%) $303,913 (36.8%) 0.00 23
    2020-09-01 $220,000 (-4.7%) $313,654 (24.3%) 0.00 23
    2020-10-01 $215,000 (-13.0%) $298,483 (9.9%) 0.00 26
    2020-11-01 $184,725 (-25.7%) $279,156 (4.5%) 0.00 26
    2020-12-01 $210,000 (-19.7%) $266,139 (-13.5%) 0.00 27
    2021-01-01 $175,000 (-32.2%) $252,850 (-16.7%) 0.00 23
    2021-02-01 $172,000 (-29.5%) $232,965 (-16.6%) 0.00 14
    2021-03-01 $171,225 (-23.9%) $227,486 (-15.9%) 0.00 17
    2021-04-01 $210,000 (6.4%) $302,762 (19.5%) 0.00 22
    2021-05-01 $255,000 (13.8%) $326,158 (23.4%) 0.00 17
    2021-06-01 $217,500 (-3.1%) $295,610 (9.2%) 0.00 15
    2021-07-01 $283,500 (21.9%) $329,838 (11.4%) 0.00 16
    2021-08-01 $275,625 (17.0%) $304,808 (0.3%) 0.00 19
    2021-09-01 $293,950 (33.6%) $321,085 (2.4%) 0.00 19
    2021-10-01 $214,500 (-0.2%) $282,890 (-5.2%) 0.00 19
    2021-11-01 $375,000 (103.0%) $324,097 (16.1%) 0.00 19
    2021-12-01 $188,500 (-10.2%) $278,436 (4.6%) 0.00 17
    2022-01-01 $175,000 (0.0%) $271,830 (7.5%) 0.00 17
    2022-02-01 $208,750 (21.4%) $280,203 (20.3%) 0.00 13
    2022-03-01 $257,250 (50.2%) $337,037 (48.2%) 0.00 12
    2022-04-01 $279,000 (32.9%) $428,227 (41.4%) 0.00 12
    2022-05-01 $284,000 (11.4%) $433,534 (32.9%) 0.00 10
    2022-06-01 $209,125 (-3.9%) $395,755 (33.9%) 0.00 13
    2022-07-01 $229,500 (-19.1%) $403,825 (22.4%) 0.00 15
    2022-08-01 $236,375 (-14.2%) $396,644 (30.1%) 0.00 17
    2022-09-01 $273,495 (-7.0%) $466,464 (45.3%) 0.00 20
    2022-10-01 $359,950 (67.8%) $443,569 (56.8%) 0.00 21
    2022-11-01 $338,000 (-9.9%) $401,495 (23.9%) 0.00 21
    2022-12-01 $225,250 (19.5%) $335,851 (20.6%) 0.00 20
    2023-01-01 $213,000 (21.7%) $330,229 (21.5%) 0.00 21
    2023-02-01 $200,000 (-4.2%) $297,286 (6.1%) 0.00 21
    2023-03-01 $216,000 (-16.0%) $320,674 (-4.9%) 0.00 22
    2023-04-01 $210,000 (-24.7%) $305,033 (-28.8%) 0.00 23
    2023-05-01 $212,500 (-25.2%) $331,667 (-23.5%) 0.00 21
    2023-06-01 $242,500 (16.0%) $340,485 (-14.0%) 0.00 19
    2023-07-01 $194,750 (-15.1%) $262,257 (-35.1%) 0.00 20
    2023-08-01 $196,000 (-17.1%) $257,897 (-35.0%) 0.00 17
    2023-09-01 $215,000 (-21.4%) $232,544 (-50.2%) 0.00 25
    2023-10-01 $231,000 (-35.8%) $257,392 (-42.0%) 0.00 30
    2023-11-01 $272,000 (-19.5%) $294,444 (-26.7%) 0.00 29
    2023-12-01 $279,000 (23.9%) $304,044 (-9.5%) 0.00 30
    2024-01-01 $307,500 (44.4%) $324,708 (-1.7%) 0.00 26
    2024-02-01 $273,250 (36.6%) $322,062 (8.3%) 0.00 28
    2024-03-01 $285,000 (31.9%) $340,817 (6.3%) 0.00 26
    Raymondville's median listing price for 2024-03-01 was $285,000, a difference of $69,000 (31.9%) versus the prior year and $11,750 versus the prior month.

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

    Raymondville's average listing price for 2024-03-01 was $340,817, a difference of $20,143 (6.3%) versus the prior year and $18,755 versus the prior month.

    For the 2024-03-01 period, Raymondville had 26 MLS listings, a difference of -2 listings (-7%) versus the prior month and 4 listings (18%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Raymondville (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,973 sqft
    2018-02-01 0 days 2,061 sqft
    2018-03-01 0 days 1,956 sqft
    2018-04-01 0 days 1,973 sqft
    2018-05-01 0 days 1,898 sqft
    2018-06-01 0 days 1,656 sqft
    2018-07-01 0 days 1,708 sqft
    2018-08-01 0 days 1,612 sqft
    2018-09-01 0 days 1,617 sqft
    2018-10-01 0 days 1,704 sqft
    2018-11-01 0 days 1,617 sqft
    2018-12-01 0 days 1,787 sqft
    2019-01-01 0 days 1,616 sqft
    2019-02-01 0 days 1,621 sqft
    2019-03-01 0 days 1,614 sqft
    2019-04-01 0 days 1,608 sqft
    2019-05-01 0 days 1,618 sqft
    2019-06-01 0 days 1,564 sqft
    2019-07-01 0 days 1,400 sqft
    2019-08-01 0 days 1,505 sqft
    2019-09-01 0 days 1,662 sqft
    2019-10-01 0 days 1,784 sqft
    2019-11-01 0 days 1,919 sqft
    2019-12-01 0 days 1,957 sqft
    2020-01-01 0 days 2,053 sqft
    2020-02-01 0 days 2,007 sqft
    2020-03-01 0 days 1,885 sqft
    2020-04-01 0 days 1,784 sqft
    2020-05-01 0 days 1,784 sqft
    2020-06-01 0 days 1,738 sqft
    2020-07-01 0 days 1,950 sqft
    2020-08-01 0 days 1,977 sqft
    2020-09-01 0 days 2,006 sqft
    2020-10-01 0 days 2,037 sqft
    2020-11-01 0 days 1,997 sqft
    2020-12-01 0 days 2,056 sqft
    2021-01-01 0 days 2,088 sqft
    2021-02-01 0 days 2,056 sqft
    2021-03-01 0 days 1,893 sqft
    2021-04-01 0 days 2,182 sqft
    2021-05-01 0 days 2,278 sqft
    2021-06-01 0 days 1,559 sqft
    2021-07-01 0 days 1,888 sqft
    2021-08-01 0 days 1,685 sqft
    2021-09-01 0 days 1,800 sqft
    2021-10-01 0 days 1,500 sqft
    2021-11-01 0 days 2,409 sqft
    2021-12-01 0 days 2,197 sqft
    2022-01-01 0 days 2,300 sqft
    2022-02-01 0 days 1,784 sqft
    2022-03-01 0 days 1,806 sqft
    2022-04-01 0 days 2,100 sqft
    2022-05-01 0 days 1,926 sqft
    2022-06-01 0 days 1,913 sqft
    2022-07-01 0 days 2,456 sqft
    2022-08-01 0 days 2,448 sqft
    2022-09-01 0 days 2,464 sqft
    2022-10-01 0 days 2,482 sqft
    2022-11-01 0 days 2,482 sqft
    2022-12-01 0 days 1,932 sqft
    2023-01-01 0 days 1,836 sqft
    2023-02-01 0 days 1,670 sqft
    2023-03-01 0 days 1,749 sqft
    2023-04-01 0 days 1,652 sqft
    2023-05-01 0 days 1,694 sqft
    2023-06-01 0 days 1,652 sqft
    2023-07-01 0 days 1,550 sqft
    2023-08-01 0 days 1,550 sqft
    2023-09-01 0 days 1,512 sqft
    2023-10-01 0 days 1,541 sqft
    2023-11-01 0 days 1,640 sqft
    2023-12-01 0 days 1,832 sqft
    2024-01-01 0 days 1,695 sqft
    2024-02-01 0 days 1,695 sqft
    2024-03-01 0 days 1,568 sqft
    Raymondville's median listing age (time on market) for 2024-03-01 was 0 days.

    Raymondville's median square footage for active listings during the 2024-03-01 period was 1,568 sqft. One year prior, the average listing was 1,749 sqft.