Sherman USDA Loan Rates, Closing Costs & Stats

SHERMAN-DENISON, 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.

Sherman's 14 lenders originated 14 USDA loans during 2022. The total origination value was $3,080,000, with an average USDA loan value of $220,000.

Sherman USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Sherman averaged 6.43% for the week of 2024-03-01, compared to the national average (all USDA variants) of 6.729% for the same period.

Sherman's average USDA mortgage closing costs are $6,290.

The average rate for the prior week (2024-02-23) was 6.38% and one month ago for the week of 2024-01-26, the average rate was 6.24%.

The average rate one year ago was 6.21%.

For refis of the same type during the week of 2024-03-01, the average rate was 5.98%.

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

Sherman 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 Sherman level.

Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
AMCAP MORTGAGE, LTD. 1 5.00% $8,179
AMERICAN FINANCIAL RESOURCES, INC. 1 5.75% $8,587
ASPIRE FINANCIAL, INC. 1 2.88% $8,275
BAY EQUITY LLC 1 2.88% $13,793
CALIBER HOME LOANS, INC. 1 5.25% $8,014
Century Mortgage Company DBA Century Lending Company 1 4.88% $13,495
EUSTIS AND AMERICAN MORTGAGE COMPANY 1 5.63% $9,030
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 6.25% $7,866
GUILD MORTGAGE COMPANY 1 5.13% $9,789
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 1 6.13% $8,305
MORTGAGE FINANCIAL SERVICES, LLC 1 3.62% $3,368
SUCCESS MORTGAGE PARTNERS, INC. 1 4.50% $10,204
Sunflower Bank 1 5.75% $9,159
UNITED WHOLESALE MORTGAGE, LLC 1 5.44% $4,473

The top Sherman USDA lender as defined by loan originations is AMCAP MORTGAGE, LTD., with 1 USDA loans originated. Their average total fees are $8,179, which is $409 lower than the next largest lender, AMERICAN FINANCIAL RESOURCES, INC..

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

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


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Sherman (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 $246,373 (13.4%) $333,732 (11.0%) 0.00 432
2018-02-01 $259,625 (19.7%) $344,628 (13.0%) 0.00 386
2018-03-01 $265,000 (17.8%) $347,639 (14.1%) 0.00 387
2018-04-01 $269,253 (19.1%) $349,751 (14.6%) 0.00 392
2018-05-01 $269,450 (13.3%) $353,498 (13.4%) 0.00 436
2018-06-01 $259,900 (8.7%) $353,310 (13.8%) 0.00 471
2018-07-01 $249,950 (12.6%) $336,814 (13.4%) 0.00 524
2018-08-01 $249,900 (10.5%) $338,619 (11.7%) 0.00 557
2018-09-01 $245,000 (7.6%) $340,851 (10.0%) 0.00 565
2018-10-01 $245,200 (4.0%) $335,957 (5.1%) 0.00 591
2018-11-01 $247,000 (8.6%) $338,556 (5.0%) 0.00 590
2018-12-01 $239,995 (7.3%) $331,029 (4.5%) 0.00 573
2019-01-01 $241,223 (-2.1%) $334,320 (0.2%) 0.00 508
2019-02-01 $238,175 (-8.3%) $324,568 (-5.8%) 0.00 527
2019-03-01 $243,286 (-8.2%) $328,656 (-5.5%) 0.00 529
2019-04-01 $246,198 (-8.6%) $332,373 (-5.0%) 0.00 538
2019-05-01 $249,350 (-7.5%) $334,447 (-5.4%) 0.00 567
2019-06-01 $245,900 (-5.4%) $324,029 (-8.3%) 0.00 606
2019-07-01 $250,000 (0.0%) $332,138 (-1.4%) 0.00 642
2019-08-01 $247,700 (-0.9%) $329,447 (-2.7%) 0.00 659
2019-09-01 $245,000 (0.0%) $328,212 (-3.7%) 0.00 655
2019-10-01 $244,475 (-0.3%) $328,588 (-2.2%) 0.00 642
2019-11-01 $249,000 (0.8%) $332,162 (-1.9%) 0.00 600
2019-12-01 $245,200 (2.2%) $333,509 (0.8%) 0.00 545
2020-01-01 $247,900 (2.8%) $333,736 (-0.2%) 0.00 513
2020-02-01 $249,900 (4.9%) $333,615 (2.8%) 0.00 496
2020-03-01 $236,463 (-2.8%) $329,399 (0.2%) 0.00 592
2020-04-01 $239,000 (-2.9%) $333,421 (0.3%) 0.00 582
2020-05-01 $244,500 (-2.0%) $343,535 (2.7%) 0.00 544
2020-06-01 $241,225 (-1.9%) $332,823 (2.7%) 0.00 519
2020-07-01 $239,924 (-4.0%) $338,852 (2.0%) 0.00 466
2020-08-01 $249,950 (0.9%) $343,338 (4.2%) 0.00 429
2020-09-01 $254,775 (4.0%) $347,001 (5.7%) 0.00 401
2020-10-01 $263,905 (8.0%) $351,981 (7.1%) 0.00 392
2020-11-01 $269,325 (8.2%) $362,256 (9.1%) 0.00 368
2020-12-01 $266,144 (8.5%) $368,265 (10.4%) 0.00 323
2021-01-01 $285,000 (15.0%) $390,152 (16.9%) 0.00 243
2021-02-01 $279,814 (12.0%) $383,553 (15.0%) 0.00 198
2021-03-01 $277,400 (17.3%) $425,145 (29.1%) 0.00 160
2021-04-01 $278,950 (16.7%) $437,512 (31.2%) 0.00 154
2021-05-01 $295,000 (20.7%) $441,259 (28.5%) 0.00 178
2021-06-01 $312,206 (29.4%) $455,249 (36.8%) 0.00 193
2021-07-01 $329,000 (37.1%) $453,992 (34.0%) 0.00 259
2021-08-01 $330,000 (32.0%) $465,180 (35.5%) 0.00 290
2021-09-01 $330,808 (29.8%) $421,341 (21.4%) 0.00 307
2021-10-01 $355,000 (34.5%) $441,706 (25.5%) 0.00 276
2021-11-01 $358,255 (33.0%) $431,944 (19.2%) 0.00 249
2021-12-01 $352,450 (32.4%) $423,331 (15.0%) 0.00 230
2022-01-01 $360,400 (26.5%) $430,685 (10.4%) 0.00 188
2022-02-01 $348,868 (24.7%) $444,663 (15.9%) 0.00 175
2022-03-01 $353,650 (27.5%) $446,081 (4.9%) 0.00 174
2022-04-01 $352,900 (26.5%) $476,045 (8.8%) 0.00 203
2022-05-01 $380,375 (28.9%) $501,721 (13.7%) 0.00 288
2022-06-01 $370,118 (18.6%) $496,961 (9.2%) 0.00 355
2022-07-01 $389,000 (18.2%) $498,850 (9.9%) 0.00 461
2022-08-01 $376,538 (14.1%) $498,023 (7.1%) 0.00 495
2022-09-01 $368,623 (11.4%) $483,765 (14.8%) 0.00 523
2022-10-01 $365,983 (3.1%) $483,676 (9.5%) 0.00 580
2022-11-01 $359,385 (0.3%) $465,702 (7.8%) 0.00 617
2022-12-01 $359,900 (2.1%) $478,755 (13.1%) 0.00 562
2023-01-01 $345,950 (-4.0%) $459,553 (6.7%) 0.00 524
2023-02-01 $349,950 (0.3%) $453,014 (1.9%) 0.00 480
2023-03-01 $359,000 (1.5%) $472,954 (6.0%) 0.00 465
2023-04-01 $365,000 (3.4%) $484,017 (1.7%) 0.00 471
2023-05-01 $386,950 (1.7%) $523,428 (4.3%) 0.00 499
2023-06-01 $385,000 (4.0%) $532,287 (7.1%) 0.00 552
2023-07-01 $391,170 (0.6%) $536,712 (7.6%) 0.00 617
2023-08-01 $386,000 (2.5%) $544,221 (9.3%) 0.00 637
2023-09-01 $385,000 (4.4%) $535,460 (10.7%) 0.00 667
2023-10-01 $373,935 (2.2%) $514,190 (6.3%) 0.00 736
2023-11-01 $379,225 (5.5%) $525,085 (12.8%) 0.00 727
2023-12-01 $375,000 (4.2%) $532,833 (11.3%) 0.00 700
2024-01-01 $373,290 (7.9%) $531,115 (15.6%) 0.00 661
Sherman's median listing price for 2024-01-01 was $373,290, a difference of $27,340 (7.9%) versus the prior year and $-1,710 versus the prior month.

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

Sherman's average listing price for 2024-01-01 was $531,115, a difference of $71,562 (15.6%) versus the prior year and $-1,718 versus the prior month.

For the 2024-01-01 period, Sherman had 661 MLS listings, a difference of -39 listings (-6%) versus the prior month and 137 listings (26%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Sherman (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 2,099 sqft
2018-02-01 0 days 2,126 sqft
2018-03-01 0 days 2,135 sqft
2018-04-01 0 days 2,131 sqft
2018-05-01 0 days 2,120 sqft
2018-06-01 0 days 2,103 sqft
2018-07-01 0 days 2,070 sqft
2018-08-01 0 days 2,086 sqft
2018-09-01 0 days 2,061 sqft
2018-10-01 0 days 2,039 sqft
2018-11-01 0 days 2,029 sqft
2018-12-01 0 days 2,003 sqft
2019-01-01 0 days 1,999 sqft
2019-02-01 0 days 1,963 sqft
2019-03-01 0 days 1,973 sqft
2019-04-01 0 days 2,007 sqft
2019-05-01 0 days 2,013 sqft
2019-06-01 0 days 2,000 sqft
2019-07-01 0 days 2,000 sqft
2019-08-01 0 days 1,973 sqft
2019-09-01 0 days 1,970 sqft
2019-10-01 0 days 1,984 sqft
2019-11-01 0 days 1,997 sqft
2019-12-01 0 days 1,987 sqft
2020-01-01 0 days 1,977 sqft
2020-02-01 0 days 1,960 sqft
2020-03-01 0 days 1,924 sqft
2020-04-01 0 days 1,900 sqft
2020-05-01 0 days 1,904 sqft
2020-06-01 0 days 1,911 sqft
2020-07-01 0 days 1,899 sqft
2020-08-01 0 days 1,902 sqft
2020-09-01 0 days 1,930 sqft
2020-10-01 0 days 1,992 sqft
2020-11-01 0 days 2,025 sqft
2020-12-01 0 days 1,989 sqft
2021-01-01 0 days 2,010 sqft
2021-02-01 0 days 2,034 sqft
2021-03-01 0 days 1,953 sqft
2021-04-01 0 days 1,883 sqft
2021-05-01 0 days 1,897 sqft
2021-06-01 0 days 1,963 sqft
2021-07-01 0 days 2,020 sqft
2021-08-01 0 days 2,026 sqft
2021-09-01 0 days 2,005 sqft
2021-10-01 0 days 2,067 sqft
2021-11-01 0 days 2,038 sqft
2021-12-01 0 days 2,006 sqft
2022-01-01 0 days 1,920 sqft
2022-02-01 0 days 1,842 sqft
2022-03-01 0 days 1,847 sqft
2022-04-01 0 days 1,850 sqft
2022-05-01 0 days 1,924 sqft
2022-06-01 0 days 1,870 sqft
2022-07-01 0 days 1,977 sqft
2022-08-01 0 days 1,971 sqft
2022-09-01 0 days 1,920 sqft
2022-10-01 0 days 1,931 sqft
2022-11-01 0 days 1,912 sqft
2022-12-01 0 days 1,914 sqft
2023-01-01 0 days 1,863 sqft
2023-02-01 0 days 1,862 sqft
2023-03-01 0 days 1,896 sqft
2023-04-01 0 days 1,908 sqft
2023-05-01 0 days 1,917 sqft
2023-06-01 0 days 1,953 sqft
2023-07-01 0 days 1,933 sqft
2023-08-01 0 days 1,974 sqft
2023-09-01 0 days 1,957 sqft
2023-10-01 0 days 1,927 sqft
2023-11-01 0 days 1,936 sqft
2023-12-01 0 days 1,931 sqft
2024-01-01 0 days 1,902 sqft
Sherman's median listing age (time on market) for 2024-01-01 was 0 days.

Sherman's median square footage for active listings during the 2024-01-01 period was 1,902 sqft. One year prior, the average listing was 1,863 sqft.