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 26 lenders originated 37 USDA loans during 2021. The total origination value was $7,875,000, with an average USDA loan value of $212,838.

    Sherman USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Sherman averaged 6.79% for the week of 2022-12-02, compared to the national average (all USDA variants) of 6.437% for the same period.

    Sherman's average USDA mortgage closing costs are $6,056.

    The average rate for the prior week (2022-11-25) was 6.63% and one month ago for the week of 2022-10-28, the average rate was 7%.

    The average rate one year ago was 3.69%.

    For refis of the same type during the week of 2022-12-02, the average rate was 6.49%.

    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 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
    NTFN, INC. 3 2.63% $6,759
    ACADEMY MORTGAGE CORPORATION 2 3.25% $7,871
    CALIBER HOME LOANS, INC. 2 2.56% $7,839
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 2 2.88% $7,305
    CROSSCOUNTRY MORTGAGE, LLC 2 3.44% $5,956
    GUILD MORTGAGE COMPANY 2 3.00% $6,528
    HOME POINT FINANCIAL CORPORATION 2 2.50% $7,829
    Town Square Mortgage & Investments, Inc. 2 2.94% $5,090
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 3.25% $6,694
    First Bank 1 3.25% $6,561
    First Guaranty Mortgage Corporation 1 3.25% $10,395
    First United Bank and Trust Company 1 3.13% $5,643
    Gateway First Bank 1 3.00% $7,240
    WILLOW BEND MORTGAGE COMPANY, LLC 1 2.75% $7,142
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 1 3.25% $7,749
    HOMEBRIDGE FINANCIAL SERVICES, INC. 1 2.75% $11,903
    Trinity Oaks Mortgage, LLC 1 3.25% $7,171
    Independent Bank 1 3.25% $6,527
    AMCAP MORTGAGE, LTD. 1 2.75% $9,942
    PENNYMAC LOAN SERVICES, LLC 1 2.50% $5,810
    BancorpSouth Bank 1 3.38% $5,401
    RELIANCE FIRST CAPITAL, LLC 1 3.13% $3,381
    Republic State Mortgage Co. 1 2.75% $7,071
    CELEBRITY HOME LOANS, LLC 1 3.38% $6,113
    S1L, Inc. 1 2.99% $6,063
    EUSTIS AND AMERICAN MORTGAGE COMPANY 1 3.25% $8,083

    The top Sherman USDA lender as defined by loan originations is NTFN, INC., with 3 USDA loans originated. Their average total fees are $6,759, which is $1,112 lower than the next largest lender, ACADEMY MORTGAGE CORPORATION.

    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 $243,286 (-8.8%) $328,656 (-5.4%) 0.00 529
    2019-04-01 $246,161 (-8.7%) $332,373 (-4.9%) 0.00 539
    2019-05-01 $248,980 (-7.6%) $331,393 (-6.2%) 0.00 566
    2019-06-01 $245,000 (-5.7%) $320,657 (-9.2%) 0.00 605
    2019-07-01 $249,950 (0.0%) $330,700 (-1.8%) 0.00 640
    2019-08-01 $246,545 (-1.3%) $328,020 (-3.1%) 0.00 657
    2019-09-01 $242,864 (-0.9%) $326,770 (-4.1%) 0.00 653
    2019-10-01 $242,909 (-0.9%) $327,119 (-2.6%) 0.00 640
    2019-11-01 $248,450 (0.6%) $330,599 (-2.4%) 0.00 598
    2019-12-01 $243,950 (1.7%) $333,344 (0.7%) 0.00 546
    2020-01-01 $247,900 (2.8%) $333,561 (-0.2%) 0.00 514
    2020-02-01 $249,900 (4.9%) $333,435 (2.7%) 0.00 497
    2020-03-01 $236,450 (-2.8%) $329,251 (0.2%) 0.00 593
    2020-04-01 $239,000 (-2.9%) $333,266 (0.3%) 0.00 583
    2020-05-01 $244,000 (-2.0%) $343,358 (3.6%) 0.00 544
    2020-06-01 $240,950 (-1.7%) $332,063 (3.6%) 0.00 519
    2020-07-01 $239,450 (-4.2%) $338,083 (2.2%) 0.00 466
    2020-08-01 $249,700 (1.3%) $342,510 (4.4%) 0.00 429
    2020-09-01 $254,600 (4.8%) $346,774 (6.1%) 0.00 402
    2020-10-01 $262,910 (8.2%) $351,722 (7.5%) 0.00 393
    2020-11-01 $269,050 (8.3%) $361,950 (9.5%) 0.00 369
    2020-12-01 $265,356 (8.8%) $367,910 (10.4%) 0.00 324
    2021-01-01 $282,450 (13.9%) $389,663 (16.8%) 0.00 244
    2021-02-01 $279,537 (11.9%) $383,163 (14.9%) 0.00 198
    2021-03-01 $275,625 (16.6%) $424,373 (28.9%) 0.00 161
    2021-04-01 $276,675 (15.8%) $436,539 (31.0%) 0.00 155
    2021-05-01 $292,450 (19.9%) $440,359 (28.3%) 0.00 179
    2021-06-01 $310,194 (28.7%) $453,554 (36.6%) 0.00 194
    2021-07-01 $329,000 (37.4%) $453,280 (34.1%) 0.00 260
    2021-08-01 $330,000 (32.2%) $464,514 (35.6%) 0.00 291
    2021-09-01 $328,771 (29.1%) $420,825 (21.4%) 0.00 308
    2021-10-01 $352,735 (34.2%) $441,104 (25.4%) 0.00 277
    2021-11-01 $356,797 (32.6%) $431,287 (19.2%) 0.00 250
    2021-12-01 $349,950 (31.9%) $422,698 (14.9%) 0.00 231
    2022-01-01 $355,800 (26.0%) $428,907 (10.1%) 0.00 189
    2022-02-01 $345,600 (23.6%) $441,757 (15.3%) 0.00 175
    2022-03-01 $352,450 (27.9%) $442,980 (4.4%) 0.00 174
    2022-04-01 $349,500 (26.3%) $476,901 (9.3%) 0.00 203
    2022-05-01 $373,686 (27.8%) $500,727 (13.7%) 0.00 289
    2022-06-01 $367,870 (18.6%) $495,925 (9.3%) 0.00 356
    2022-07-01 $389,000 (18.2%) $499,097 (10.1%) 0.00 462
    2022-08-01 $375,000 (13.6%) $497,603 (7.1%) 0.00 496
    2022-09-01 $369,000 (12.2%) $482,996 (14.8%) 0.00 524
    2022-10-01 $365,000 (3.5%) $483,478 (9.6%) 0.00 581
    2022-11-01 $359,320 (0.7%) $466,072 (8.1%) 0.00 620
    Sherman's median listing price for 2022-11-01 was $359,320, a difference of $2,523 (0.7%) versus the prior year and $-5,680 versus the prior month.

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

    Sherman's average listing price for 2022-11-01 was $466,072, a difference of $34,785 (8.1%) versus the prior year and $-17,406 versus the prior month.

    For the 2022-11-01 period, Sherman had 620 MLS listings, a difference of 39 listings (7%) versus the prior month and 370 listings (148%) 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 1,973 sqft
    2019-04-01 0 days 2,007 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 1,971 sqft
    2019-09-01 0 days 1,968 sqft
    2019-10-01 0 days 1,980 sqft
    2019-11-01 0 days 1,994 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 1,897 sqft
    2020-08-01 0 days 1,901 sqft
    2020-09-01 0 days 1,929 sqft
    2020-10-01 0 days 1,992 sqft
    2020-11-01 0 days 2,024 sqft
    2020-12-01 0 days 1,984 sqft
    2021-01-01 0 days 2,007 sqft
    2021-02-01 0 days 2,034 sqft
    2021-03-01 0 days 1,946 sqft
    2021-04-01 0 days 1,879 sqft
    2021-05-01 0 days 1,893 sqft
    2021-06-01 0 days 1,963 sqft
    2021-07-01 0 days 2,010 sqft
    2021-08-01 0 days 2,022 sqft
    2021-09-01 0 days 2,004 sqft
    2021-10-01 0 days 2,054 sqft
    2021-11-01 0 days 2,034 sqft
    2021-12-01 0 days 2,003 sqft
    2022-01-01 0 days 1,907 sqft
    2022-02-01 0 days 1,833 sqft
    2022-03-01 0 days 1,841 sqft
    2022-04-01 0 days 1,846 sqft
    2022-05-01 0 days 1,913 sqft
    2022-06-01 0 days 1,863 sqft
    2022-07-01 0 days 1,977 sqft
    2022-08-01 0 days 1,965 sqft
    2022-09-01 0 days 1,919 sqft
    2022-10-01 0 days 1,931 sqft
    2022-11-01 0 days 1,911 sqft
    Sherman's median listing age (time on market) for 2022-11-01 was 0 days.

    Sherman's median square footage for active listings during the 2022-11-01 period was 1,911 sqft. One year prior, the average listing was 2,034 sqft.