Sherman USDA Loan Rates, Closing Costs & Stats

SHERMAN-DENISON, 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.

    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 6.23% for the week of 2023-05-26, compared to the national average (all USDA variants) of 6.63% for the same period.

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

    The average rate for the prior week (2023-05-19) was 6.28% and one month ago for the week of 2023-04-21, the average rate was 5.98%.

    The average rate one year ago was 5%.

    For refis of the same type during the week of 2023-05-26, the average rate was 5.58%.

    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 $246,495 (13.6%) $333,635 (11.0%) 0.00 433
    2018-02-01 $261,750 (20.5%) $344,496 (12.9%) 0.00 387
    2018-03-01 $266,750 (18.6%) $347,506 (14.0%) 0.00 388
    2018-04-01 $269,576 (19.3%) $349,610 (14.6%) 0.00 393
    2018-05-01 $269,451 (13.3%) $353,354 (13.4%) 0.00 437
    2018-06-01 $259,900 (9.2%) $353,176 (13.8%) 0.00 472
    2018-07-01 $249,950 (12.8%) $336,814 (13.3%) 0.00 524
    2018-08-01 $249,900 (10.6%) $338,619 (11.7%) 0.00 557
    2018-09-01 $245,000 (8.2%) $340,851 (10.0%) 0.00 565
    2018-10-01 $245,200 (4.7%) $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 (-9.0%) $324,568 (-5.8%) 0.00 527
    2019-03-01 $238,350 (-8.8%) $325,375 (-5.4%) 0.00 527
    2019-04-01 $246,875 (-8.7%) $333,277 (-4.9%) 0.00 538
    2019-05-01 $249,105 (-7.6%) $331,464 (-6.2%) 0.00 565
    2019-06-01 $245,450 (-5.6%) $320,788 (-9.2%) 0.00 604
    2019-07-01 $249,975 (0.0%) $330,835 (-1.8%) 0.00 639
    2019-08-01 $249,500 (-1.2%) $329,878 (-3.1%) 0.00 663
    2019-09-01 $249,200 (-0.6%) $341,001 (-4.1%) 0.00 606
    2019-10-01 $245,225 (-0.8%) $329,883 (-2.6%) 0.00 637
    2019-11-01 $249,000 (0.8%) $330,746 (-2.3%) 0.00 597
    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 $244,450 (-1.9%) $343,535 (3.6%) 0.00 543
    2020-06-01 $240,950 (-1.8%) $332,232 (3.6%) 0.00 518
    2020-07-01 $239,675 (-4.1%) $338,273 (2.3%) 0.00 465
    2020-08-01 $249,900 (1.2%) $342,724 (4.4%) 0.00 428
    2020-09-01 $254,775 (4.6%) $347,001 (6.2%) 0.00 401
    2020-10-01 $263,905 (8.5%) $351,981 (7.6%) 0.00 392
    2020-11-01 $269,325 (8.2%) $362,256 (9.5%) 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 $279,729 (11.9%) $383,769 (15.0%) 0.00 197
    2021-03-01 $276,513 (16.9%) $425,285 (29.1%) 0.00 160
    2021-04-01 $278,425 (16.5%) $437,512 (31.2%) 0.00 154
    2021-05-01 $295,000 (20.7%) $441,259 (28.5%) 0.00 178
    2021-06-01 $310,194 (28.7%) $451,750 (36.0%) 0.00 192
    2021-07-01 $329,000 (37.3%) $452,973 (33.9%) 0.00 259
    2021-08-01 $330,000 (32.1%) $465,180 (35.7%) 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%) $429,753 (10.2%) 0.00 188
    2022-02-01 $347,893 (24.4%) $443,847 (15.7%) 0.00 175
    2022-03-01 $352,900 (27.6%) $445,707 (4.8%) 0.00 174
    2022-04-01 $349,500 (25.5%) $476,689 (9.0%) 0.00 203
    2022-05-01 $374,950 (27.1%) $501,593 (13.7%) 0.00 288
    2022-06-01 $367,995 (18.6%) $496,550 (9.9%) 0.00 355
    2022-07-01 $389,000 (18.2%) $499,972 (10.4%) 0.00 463
    2022-08-01 $376,538 (14.1%) $498,426 (7.2%) 0.00 497
    2022-09-01 $370,435 (12.0%) $483,631 (14.8%) 0.00 526
    2022-10-01 $367,728 (3.6%) $484,597 (9.7%) 0.00 582
    2022-11-01 $359,385 (0.3%) $467,334 (8.2%) 0.00 621
    2022-12-01 $359,950 (2.1%) $478,957 (13.1%) 0.00 564
    2023-01-01 $345,750 (-4.1%) $458,877 (6.8%) 0.00 524
    2023-02-01 $349,750 (0.5%) $453,226 (2.1%) 0.00 480
    2023-03-01 $358,975 (1.7%) $472,858 (6.1%) 0.00 465
    2023-04-01 $365,000 (0.0%) $483,441 (0.0%) 0.00 471
    Sherman's median listing price for 2023-04-01 was $365,000, a difference of $15,500 (0.0%) versus the prior year and $6,025 versus the prior month.

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

    Sherman's average listing price for 2023-04-01 was $483,441, a difference of $6,752 (0.0%) versus the prior year and $10,583 versus the prior month.

    For the 2023-04-01 period, Sherman had 471 MLS listings, a difference of 6 listings (1%) versus the prior month and 268 listings (132%) 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 2,103 sqft
    2018-02-01 0 days 2,132 sqft
    2018-03-01 0 days 2,140 sqft
    2018-04-01 0 days 2,134 sqft
    2018-05-01 0 days 2,124 sqft
    2018-06-01 0 days 2,107 sqft
    2018-07-01 0 days 2,076 sqft
    2018-08-01 0 days 2,086 sqft
    2018-09-01 0 days 2,061 sqft
    2018-10-01 0 days 2,041 sqft
    2018-11-01 0 days 2,030 sqft
    2018-12-01 0 days 2,004 sqft
    2019-01-01 0 days 2,001 sqft
    2019-02-01 0 days 1,963 sqft
    2019-03-01 0 days 1,961 sqft
    2019-04-01 0 days 2,001 sqft
    2019-05-01 0 days 2,021 sqft
    2019-06-01 0 days 2,000 sqft
    2019-07-01 0 days 2,000 sqft
    2019-08-01 0 days 1,993 sqft
    2019-09-01 0 days 1,992 sqft
    2019-10-01 0 days 1,995 sqft
    2019-11-01 0 days 1,994 sqft
    2019-12-01 0 days 1,988 sqft
    2020-01-01 0 days 1,977 sqft
    2020-02-01 0 days 1,960 sqft
    2020-03-01 0 days 1,926 sqft
    2020-04-01 0 days 1,901 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 1,931 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 2,037 sqft
    2021-03-01 0 days 1,951 sqft
    2021-04-01 0 days 1,881 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 1,841 sqft
    2022-03-01 0 days 1,852 sqft
    2022-04-01 0 days 1,850 sqft
    2022-05-01 0 days 1,923 sqft
    2022-06-01 0 days 1,867 sqft
    2022-07-01 0 days 1,978 sqft
    2022-08-01 0 days 1,963 sqft
    2022-09-01 0 days 1,920 sqft
    2022-10-01 0 days 1,939 sqft
    2022-11-01 0 days 1,912 sqft
    2022-12-01 0 days 1,912 sqft
    2023-01-01 0 days 1,861 sqft
    2023-02-01 0 days 1,862 sqft
    2023-03-01 0 days 1,892 sqft
    2023-04-01 0 days 1,906 sqft
    Sherman's median listing age (time on market) for 2023-04-01 was 0 days.

    Sherman's median square footage for active listings during the 2023-04-01 period was 1,906 sqft. One year prior, the average listing was 1,850 sqft.