Sulphur Springs USDA Loan Rates, Closing Costs & Stats

Sulphur Springs, 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.

Sulphur Springs's 5 lenders originated 15 USDA loans during 2023. The total origination value was $6,175,000, with an average USDA loan value of $411,667.

Sulphur Springs USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Sulphur Springs averaged 7.09% for the week of 2024-03-22, compared to the national average (all USDA variants) of 6.674% for the same period.

Sulphur Springs's average USDA mortgage closing costs are $5,274.

The average rate for the prior week (2024-03-15) was 6.91% and one month ago for the week of 2024-02-16, the average rate was 7.19%.

The average rate one year ago was 6.89%.

For refis of the same type during the week of 2024-03-22, the average rate was 6.57%.

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

Sulphur Springs 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 Sulphur Springs level.

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
Nations Lending Corporation 8 6.53% $6,778
CMG MORTGAGE, INC. 2 6.69% $10,935
UNITED WHOLESALE MORTGAGE, LLC 2 6.69% $10,583
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 7.88% $9,489
OPEN MORTGAGE, LLC 1 6.13% $8,045

The top Sulphur Springs USDA lender as defined by loan originations is Nations Lending Corporation, with 8 USDA loans originated. Their average total fees are $6,778, which is $4,158 lower than the next largest lender, CMG MORTGAGE, INC..

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

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


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Sulphur Springs (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 $158,675 (-11.1%) $241,601 (-7.5%) 0.00 94
2018-02-01 $161,950 (-10.0%) $248,852 (-6.9%) 0.00 84
2018-03-01 $165,000 (-13.4%) $251,683 (-2.4%) 0.00 75
2018-04-01 $162,125 (-15.8%) $240,964 (-11.6%) 0.00 77
2018-05-01 $169,950 (-8.6%) $254,278 (-7.6%) 0.00 81
2018-06-01 $175,000 (-10.1%) $249,767 (-12.5%) 0.00 98
2018-07-01 $189,950 (-7.3%) $266,735 (-13.7%) 0.00 98
2018-08-01 $172,475 (-5.2%) $263,230 (-7.2%) 0.00 89
2018-09-01 $182,450 (5.8%) $272,889 (1.5%) 0.00 85
2018-10-01 $179,900 (14.3%) $269,102 (17.0%) 0.00 93
2018-11-01 $189,450 (26.4%) $313,253 (36.4%) 0.00 86
2018-12-01 $179,900 (12.5%) $300,817 (19.6%) 0.00 91
2019-01-01 $177,400 (11.8%) $282,087 (16.8%) 0.00 84
2019-02-01 $194,225 (19.9%) $298,635 (20.0%) 0.00 65
2019-03-01 $197,100 (19.5%) $320,124 (27.2%) 0.00 69
2019-04-01 $209,450 (29.2%) $344,145 (42.8%) 0.00 73
2019-05-01 $219,975 (29.4%) $386,347 (51.9%) 0.00 66
2019-06-01 $219,000 (25.1%) $326,305 (30.6%) 0.00 72
2019-07-01 $175,000 (-7.9%) $270,261 (1.3%) 0.00 71
2019-08-01 $182,927 (6.1%) $271,317 (3.1%) 0.00 70
2019-09-01 $182,968 (0.3%) $271,519 (-0.5%) 0.00 70
2019-10-01 $186,250 (3.5%) $274,119 (1.9%) 0.00 68
2019-11-01 $194,700 (2.8%) $295,915 (-5.5%) 0.00 69
2019-12-01 $191,498 (6.5%) $300,637 (-0.1%) 0.00 66
2020-01-01 $218,450 (23.1%) $310,850 (10.2%) 0.00 62
2020-02-01 $176,450 (-9.2%) $279,510 (-6.4%) 0.00 59
2020-03-01 $167,175 (-15.2%) $278,391 (-13.0%) 0.00 70
2020-04-01 $192,425 (-8.1%) $302,070 (-12.2%) 0.00 65
2020-05-01 $209,700 (-4.7%) $300,403 (-22.3%) 0.00 60
2020-06-01 $188,250 (-14.0%) $289,364 (-11.3%) 0.00 61
2020-07-01 $190,725 (9.0%) $292,777 (8.3%) 0.00 52
2020-08-01 $229,000 (25.2%) $315,474 (16.3%) 0.00 47
2020-09-01 $234,200 (28.0%) $324,065 (19.4%) 0.00 49
2020-10-01 $256,950 (38.0%) $353,558 (29.0%) 0.00 53
2020-11-01 $237,175 (21.8%) $349,808 (18.2%) 0.00 45
2020-12-01 $204,956 (7.0%) $356,022 (18.4%) 0.00 42
2021-01-01 $196,450 (-10.1%) $355,654 (14.4%) 0.00 40
2021-02-01 $219,500 (24.4%) $412,614 (47.6%) 0.00 29
2021-03-01 $219,000 (31.0%) $383,968 (37.9%) 0.00 30
2021-04-01 $216,950 (12.8%) $391,808 (29.7%) 0.00 29
2021-05-01 $255,000 (21.6%) $494,191 (64.5%) 0.00 23
2021-06-01 $264,950 (40.7%) $498,740 (72.4%) 0.00 32
2021-07-01 $254,500 (33.4%) $440,527 (50.5%) 0.00 39
2021-08-01 $227,500 (-0.7%) $382,614 (21.3%) 0.00 45
2021-09-01 $238,675 (1.9%) $422,928 (30.5%) 0.00 42
2021-10-01 $219,000 (-14.8%) $401,055 (13.4%) 0.00 48
2021-11-01 $261,850 (10.4%) $398,097 (13.8%) 0.00 43
2021-12-01 $294,250 (43.6%) $426,740 (19.9%) 0.00 26
2022-01-01 $247,445 (26.0%) $433,068 (21.8%) 0.00 24
2022-02-01 $267,245 (21.8%) $482,315 (16.9%) 0.00 28
2022-03-01 $274,750 (25.5%) $440,410 (14.7%) 0.00 30
2022-04-01 $329,000 (51.7%) $472,978 (20.7%) 0.00 35
2022-05-01 $358,725 (40.7%) $477,035 (-3.5%) 0.00 42
2022-06-01 $318,725 (20.3%) $476,817 (-4.4%) 0.00 57
2022-07-01 $336,250 (32.1%) $479,984 (9.0%) 0.00 73
2022-08-01 $332,000 (45.9%) $461,981 (20.7%) 0.00 80
2022-09-01 $327,000 (37.0%) $445,214 (5.3%) 0.00 80
2022-10-01 $325,000 (48.4%) $457,614 (14.1%) 0.00 84
2022-11-01 $299,000 (14.2%) $436,047 (9.5%) 0.00 100
2022-12-01 $299,000 (1.6%) $449,999 (5.5%) 0.00 90
2023-01-01 $309,749 (25.2%) $464,639 (7.3%) 0.00 88
2023-02-01 $313,500 (17.3%) $463,513 (-3.9%) 0.00 83
2023-03-01 $301,194 (9.6%) $438,607 (-0.4%) 0.00 88
2023-04-01 $272,888 (-17.1%) $384,113 (-18.8%) 0.00 86
2023-05-01 $279,725 (-22.0%) $359,408 (-24.7%) 0.00 85
2023-06-01 $277,500 (-12.9%) $391,373 (-17.9%) 0.00 97
2023-07-01 $287,000 (-14.7%) $382,802 (-20.3%) 0.00 107
2023-08-01 $294,313 (-11.4%) $398,354 (-13.8%) 0.00 115
2023-09-01 $325,000 (-0.6%) $423,372 (-4.9%) 0.00 108
2023-10-01 $313,416 (-3.6%) $413,890 (-9.6%) 0.00 103
2023-11-01 $300,944 (0.7%) $403,602 (-7.4%) 0.00 110
2023-12-01 $330,000 (10.4%) $419,865 (-6.7%) 0.00 102
2024-01-01 $349,000 (12.7%) $415,062 (-10.7%) 0.00 108
2024-02-01 $358,725 (14.4%) $431,633 (-6.9%) 0.00 123
Sulphur Springs's median listing price for 2024-02-01 was $358,725, a difference of $45,225 (14.4%) versus the prior year and $9,725 versus the prior month.

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

Sulphur Springs's average listing price for 2024-02-01 was $431,633, a difference of $-31,880 (-6.9%) versus the prior year and $16,571 versus the prior month.

For the 2024-02-01 period, Sulphur Springs had 123 MLS listings, a difference of 15 listings (14%) versus the prior month and 40 listings (48%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Sulphur Springs (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,947 sqft
2018-02-01 0 days 1,948 sqft
2018-03-01 0 days 1,952 sqft
2018-04-01 0 days 1,984 sqft
2018-05-01 0 days 1,974 sqft
2018-06-01 0 days 1,938 sqft
2018-07-01 0 days 1,927 sqft
2018-08-01 0 days 1,871 sqft
2018-09-01 0 days 1,880 sqft
2018-10-01 0 days 1,917 sqft
2018-11-01 0 days 1,967 sqft
2018-12-01 0 days 1,919 sqft
2019-01-01 0 days 1,923 sqft
2019-02-01 0 days 1,919 sqft
2019-03-01 0 days 1,906 sqft
2019-04-01 0 days 1,951 sqft
2019-05-01 0 days 1,925 sqft
2019-06-01 0 days 1,834 sqft
2019-07-01 0 days 1,783 sqft
2019-08-01 0 days 1,803 sqft
2019-09-01 0 days 1,823 sqft
2019-10-01 0 days 1,874 sqft
2019-11-01 0 days 1,933 sqft
2019-12-01 0 days 1,953 sqft
2020-01-01 0 days 1,955 sqft
2020-02-01 0 days 1,813 sqft
2020-03-01 0 days 1,799 sqft
2020-04-01 0 days 1,940 sqft
2020-05-01 0 days 2,012 sqft
2020-06-01 0 days 1,850 sqft
2020-07-01 0 days 1,936 sqft
2020-08-01 0 days 1,904 sqft
2020-09-01 0 days 1,943 sqft
2020-10-01 0 days 1,997 sqft
2020-11-01 0 days 1,959 sqft
2020-12-01 0 days 1,897 sqft
2021-01-01 0 days 1,799 sqft
2021-02-01 0 days 1,907 sqft
2021-03-01 0 days 1,875 sqft
2021-04-01 0 days 1,850 sqft
2021-05-01 0 days 1,960 sqft
2021-06-01 0 days 1,939 sqft
2021-07-01 0 days 1,947 sqft
2021-08-01 0 days 1,899 sqft
2021-09-01 0 days 1,913 sqft
2021-10-01 0 days 1,800 sqft
2021-11-01 0 days 1,803 sqft
2021-12-01 0 days 1,931 sqft
2022-01-01 0 days 1,690 sqft
2022-02-01 0 days 1,904 sqft
2022-03-01 0 days 1,780 sqft
2022-04-01 0 days 1,784 sqft
2022-05-01 0 days 1,975 sqft
2022-06-01 0 days 1,950 sqft
2022-07-01 0 days 1,947 sqft
2022-08-01 0 days 1,905 sqft
2022-09-01 0 days 1,871 sqft
2022-10-01 0 days 1,840 sqft
2022-11-01 0 days 1,748 sqft
2022-12-01 0 days 1,763 sqft
2023-01-01 0 days 1,890 sqft
2023-02-01 0 days 1,801 sqft
2023-03-01 0 days 1,815 sqft
2023-04-01 0 days 1,771 sqft
2023-05-01 0 days 1,714 sqft
2023-06-01 0 days 1,753 sqft
2023-07-01 0 days 1,754 sqft
2023-08-01 0 days 1,794 sqft
2023-09-01 0 days 1,894 sqft
2023-10-01 0 days 1,863 sqft
2023-11-01 0 days 1,850 sqft
2023-12-01 0 days 1,997 sqft
2024-01-01 0 days 2,037 sqft
2024-02-01 0 days 2,009 sqft
Sulphur Springs's median listing age (time on market) for 2024-02-01 was 0 days.

Sulphur Springs's median square footage for active listings during the 2024-02-01 period was 2,009 sqft. One year prior, the average listing was 1,801 sqft.