Tyler USDA Loan Rates, Closing Costs & Stats

TYLER, 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.

Tyler's 11 lenders originated 16 USDA loans during 2022. The total origination value was $3,220,000, with an average USDA loan value of $201,250.

Tyler USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Tyler averaged 6.2% for the week of 2023-05-26, compared to the national average (all USDA variants) of 6.63% for the same period.

Tyler's average USDA mortgage closing costs are $5,736.

The average rate for the prior week (2023-05-19) was 6.14% and one month ago for the week of 2023-04-21, the average rate was 5.95%.

The average rate one year ago was 4.87%.

For refis of the same type during the week of 2023-05-26, the average rate was 5.23%.

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

Tyler 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 Tyler level.

Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
MORTGAGE FINANCIAL SERVICES, LLC 6 4.67% $5,870
FINANCE OF AMERICA MORTGAGE LLC 1 5.75% $8,017
Flagstar Bank, FSB 1 3.89% $5,879
HOME POINT FINANCIAL CORPORATION 1 4.99% $8,367
INTERLINC MORTGAGE SERVICES, LLC 1 7.38% $7,174
Ixonia Bank 1 7.25% $6,846
Paramount Residential Mortgage Group, Inc. 1 3.50% $11,172
Plains Commerce Bank 1 7.25% $11,054
SECURITYNATIONAL MORTGAGE COMPANY 1 3.88% $5,682
CMG MORTGAGE, INC. 1 3.88% $7,505
UNITED WHOLESALE MORTGAGE, LLC 1 4.98% $5,836

The top Tyler USDA lender as defined by loan originations is MORTGAGE FINANCIAL SERVICES, LLC, with 6 USDA loans originated. Their average total fees are $5,870, which is $2,147 lower than the next largest lender, FINANCE OF AMERICA MORTGAGE LLC.

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

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


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Tyler (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 $265,000 (9.6%) $391,219 (21.8%) 0.98 873
2018-02-01 $266,495 (9.9%) $388,450 (20.3%) 0.97 891
2018-03-01 $277,245 (11.3%) $395,055 (21.3%) 0.97 895
2018-04-01 $282,438 (8.7%) $400,769 (18.0%) 0.96 914
2018-05-01 $285,473 (9.0%) $401,581 (17.0%) 0.95 938
2018-06-01 $274,900 (3.0%) $363,791 (-3.2%) 0.92 985
2018-07-01 $274,000 (1.9%) $357,897 (-4.3%) 0.92 985
2018-08-01 $265,000 (-1.7%) $345,902 (-8.9%) 0.89 993
2018-09-01 $265,000 (-3.6%) $344,722 (-10.8%) 0.89 929
2018-10-01 $267,625 (-2.7%) $348,346 (-10.6%) 0.91 933
2018-11-01 $269,250 (-0.3%) $349,044 (-10.0%) 0.91 897
2018-12-01 $275,000 (2.6%) $353,337 (-8.8%) 0.95 823
2019-01-01 $275,575 (4.0%) $354,107 (-9.5%) 0.95 775
2019-02-01 $269,375 (1.1%) $356,912 (-8.1%) 0.91 761
2019-03-01 $279,900 (1.0%) $369,076 (-6.6%) 0.93 766
2019-04-01 $295,000 (4.5%) $378,913 (-5.5%) 0.94 786
2019-05-01 $306,950 (7.5%) $393,063 (-2.1%) 0.96 787
2019-06-01 $299,999 (9.1%) $392,427 (7.9%) 0.94 786
2019-07-01 $297,250 (8.5%) $381,079 (6.5%) 0.93 780
2019-08-01 $297,500 (12.3%) $378,423 (9.4%) 0.93 752
2019-09-01 $290,994 (9.8%) $375,573 (9.0%) 0.92 712
2019-10-01 $288,625 (7.9%) $368,994 (5.9%) 0.93 762
2019-11-01 $275,000 (2.1%) $358,608 (2.7%) 0.90 754
2019-12-01 $269,450 (-2.0%) $346,731 (-1.9%) 0.90 737
2020-01-01 $269,925 (-2.1%) $348,452 (-1.6%) 0.90 701
2020-02-01 $269,900 (0.2%) $358,178 (0.4%) 0.88 664
2020-03-01 $269,950 (-3.6%) $365,919 (-0.9%) 0.85 689
2020-04-01 $275,000 (-6.8%) $363,970 (-3.9%) 0.86 691
2020-05-01 $285,000 (-7.2%) $387,690 (-1.4%) 0.87 680
2020-06-01 $291,125 (-3.0%) $391,931 (-0.1%) 0.86 672
2020-07-01 $293,688 (-1.2%) $400,993 (5.2%) 0.85 625
2020-08-01 $289,500 (-2.7%) $399,081 (5.5%) 0.83 597
2020-09-01 $294,850 (1.3%) $400,784 (6.7%) 0.84 572
2020-10-01 $290,000 (0.5%) $405,117 (9.8%) 0.83 506
2020-11-01 $284,950 (3.6%) $388,882 (8.4%) 0.83 481
2020-12-01 $295,000 (9.5%) $404,983 (16.8%) 0.88 438
2021-01-01 $289,975 (7.4%) $391,313 (12.3%) 0.87 387
2021-02-01 $299,750 (11.1%) $404,160 (12.8%) 0.87 335
2021-03-01 $299,450 (10.9%) $424,483 (16.0%) 0.85 301
2021-04-01 $312,625 (13.7%) $453,425 (24.6%) 0.85 311
2021-05-01 $342,490 (20.2%) $472,384 (21.9%) 0.91 318
2021-06-01 $364,975 (25.4%) $522,568 (33.3%) 0.96 337
2021-07-01 $360,000 (22.6%) $514,156 (28.2%) 0.95 381
2021-08-01 $356,575 (23.2%) $488,169 (22.3%) 0.95 434
2021-09-01 $351,275 (19.1%) $498,452 (24.4%) 0.94 425
2021-10-01 $349,988 (20.7%) $504,132 (24.4%) 0.93 401
2021-11-01 $359,938 (26.3%) $541,962 (39.4%) 0.96 357
2021-12-01 $361,644 (22.6%) $541,818 (33.8%) 0.98 349
2022-01-01 $364,700 (25.8%) $549,645 (40.5%) 0.99 309
2022-02-01 $369,747 (23.4%) $555,158 (37.4%) 0.96 274
2022-03-01 $357,850 (19.5%) $548,102 (29.1%) 0.90 265
2022-04-01 $359,990 (15.2%) $569,936 (25.7%) 0.86 312
2022-05-01 $382,200 (11.6%) $562,751 (19.1%) 0.87 402
2022-06-01 $396,625 (8.7%) $571,245 (9.3%) 0.88 480
2022-07-01 $394,700 (9.6%) $544,271 (5.9%) 0.89 556
2022-08-01 $389,188 (9.2%) $554,286 (13.5%) 0.90 598
2022-09-01 $393,000 (11.9%) $539,024 (8.1%) 0.92 649
2022-10-01 $399,000 (14.0%) $539,269 (7.0%) 0.94 688
2022-11-01 $399,450 (11.0%) $522,531 (-3.6%) 0.96 718
2022-12-01 $403,750 (11.6%) $532,372 (-1.7%) 1.00 705
2023-01-01 $400,000 (9.7%) $537,968 (-2.1%) 0.99 685
2023-02-01 $405,935 (9.8%) $540,819 (-2.6%) 0.98 681
2023-03-01 $409,035 (14.3%) $551,145 (0.6%) 0.96 685
2023-04-01 $399,000 (10.8%) $535,371 (-6.1%) 0.93 696
Tyler's median listing price for 2023-04-01 was $399,000, a difference of $39,010 (10.8%) versus the prior year and $-10,035 versus the prior month.

Tyler's median listing price comes in at 93% of the national average.

Tyler's average listing price for 2023-04-01 was $535,371, a difference of $-34,565 (-6.1%) versus the prior year and $-15,774 versus the prior month.

For the 2023-04-01 period, Tyler had 696 MLS listings, a difference of 11 listings (2%) versus the prior month and 384 listings (123%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Tyler (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 89 days 2,304 sqft
2018-02-01 82 days 2,263 sqft
2018-03-01 68 days 2,304 sqft
2018-04-01 64 days 2,323 sqft
2018-05-01 61 days 2,336 sqft
2018-06-01 59 days 2,304 sqft
2018-07-01 63 days 2,283 sqft
2018-08-01 67 days 2,269 sqft
2018-09-01 74 days 2,278 sqft
2018-10-01 70 days 2,275 sqft
2018-11-01 71 days 2,266 sqft
2018-12-01 81 days 2,275 sqft
2019-01-01 89 days 2,276 sqft
2019-02-01 87 days 2,235 sqft
2019-03-01 65 days 2,280 sqft
2019-04-01 55 days 2,344 sqft
2019-05-01 50 days 2,435 sqft
2019-06-01 53 days 2,437 sqft
2019-07-01 55 days 2,430 sqft
2019-08-01 61 days 2,446 sqft
2019-09-01 67 days 2,423 sqft
2019-10-01 61 days 2,370 sqft
2019-11-01 67 days 2,301 sqft
2019-12-01 72 days 2,220 sqft
2020-01-01 78 days 2,166 sqft
2020-02-01 66 days 2,151 sqft
2020-03-01 53 days 2,182 sqft
2020-04-01 58 days 2,183 sqft
2020-05-01 60 days 2,211 sqft
2020-06-01 53 days 2,265 sqft
2020-07-01 52 days 2,236 sqft
2020-08-01 54 days 2,235 sqft
2020-09-01 55 days 2,252 sqft
2020-10-01 54 days 2,200 sqft
2020-11-01 53 days 2,206 sqft
2020-12-01 65 days 2,251 sqft
2021-01-01 69 days 2,177 sqft
2021-02-01 46 days 2,150 sqft
2021-03-01 51 days 2,148 sqft
2021-04-01 34 days 2,188 sqft
2021-05-01 37 days 2,202 sqft
2021-06-01 39 days 2,259 sqft
2021-07-01 39 days 2,203 sqft
2021-08-01 38 days 2,191 sqft
2021-09-01 42 days 2,192 sqft
2021-10-01 50 days 2,142 sqft
2021-11-01 56 days 2,131 sqft
2021-12-01 55 days 2,108 sqft
2022-01-01 55 days 2,029 sqft
2022-02-01 46 days 2,062 sqft
2022-03-01 38 days 2,002 sqft
2022-04-01 29 days 2,001 sqft
2022-05-01 30 days 2,046 sqft
2022-06-01 33 days 2,104 sqft
2022-07-01 36 days 2,062 sqft
2022-08-01 40 days 2,049 sqft
2022-09-01 44 days 2,093 sqft
2022-10-01 50 days 2,144 sqft
2022-11-01 55 days 2,145 sqft
2022-12-01 71 days 2,174 sqft
2023-01-01 74 days 2,126 sqft
2023-02-01 68 days 2,150 sqft
2023-03-01 57 days 2,171 sqft
2023-04-01 50 days 2,120 sqft
Tyler's median listing age (time on market) for 2023-04-01 was 50 days. This is 72% longer than the same period one year ago.

Tyler's median square footage for active listings during the 2023-04-01 period was 2,120 sqft. One year prior, the average listing was 2,001 sqft.