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 13 lenders originated 17 USDA loans during 2023. The total origination value was $4,115,000, with an average USDA loan value of $242,059.

    Sherman USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Sherman averaged 6.73% for the week of 2024-04-19, compared to the national average (all USDA variants) of 6.863% for the same period.

    Sherman's average USDA mortgage closing costs are $6,630.

    The average rate for the prior week (2024-04-12) was 6.58% and one month ago for the week of 2024-03-15, the average rate was 6.67%.

    The average rate one year ago was 6.31%.

    For refis of the same type during the week of 2024-04-19, the average rate was 7.28%.

    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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    GUILD MORTGAGE COMPANY 4 6.25% $10,848
    NEWREZ LLC 2 6.00% $11,721
    DHI MORTGAGE COMPANY, LTD. 1 5.50% $6,993
    FBC MORTGAGE, LLC 1 7.25% $10,409
    First United Bank and Trust Company 1 6.38% $7,977
    GUARANTEED RATE, INC. 1 6.08% $10,013
    Independent Bank 1 7.13% $7,259
    Neighborhood Loans, Inc. 1 5.13% $13,776
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 7.75% $8,001
    SFMC, LP 1 6.88% $8,270
    AMERICAN FINANCIAL RESOURCES, INC. 1 6.75% $8,192
    Sierra Pacific Mortgage Company, Inc. 1 6.13% $8,527
    CROSSCOUNTRY MORTGAGE, LLC 1 6.38% $11,118

    The top Sherman USDA lender as defined by loan originations is GUILD MORTGAGE COMPANY, with 4 USDA loans originated. Their average total fees are $10,848, which is $872 lower than the next largest lender, NEWREZ LLC.

    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
    2024-02-01 $374,945 (7.1%) $544,639 (20.2%) 0.00 678
    2024-03-01 $379,000 (5.6%) $544,856 (15.2%) 0.00 732
    Sherman's median listing price for 2024-03-01 was $379,000, a difference of $20,000 (5.6%) versus the prior year and $4,055 versus the prior month.

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

    Sherman's average listing price for 2024-03-01 was $544,856, a difference of $71,902 (15.2%) versus the prior year and $217 versus the prior month.

    For the 2024-03-01 period, Sherman had 732 MLS listings, a difference of 54 listings (8%) versus the prior month and 267 listings (57%) 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
    2024-02-01 0 days 1,940 sqft
    2024-03-01 0 days 1,955 sqft
    Sherman's median listing age (time on market) for 2024-03-01 was 0 days.

    Sherman's median square footage for active listings during the 2024-03-01 period was 1,955 sqft. One year prior, the average listing was 1,896 sqft.