Tyler USDA Loans

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 25 lenders originated 59 USDA loans during 2021. The total origination value was $11,505,000, with an average USDA loan value of $195,000.

Tyler USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Tyler averaged 5.2% for the week of 2022-05-13, compared to the national average (all USDA variants) of 5.294% for the same period.

The average rate for the prior week (2022-05-06) was 5.24% and one month ago for the week of 2022-04-08, the average rate was 4.8%.

The average rate one year ago was 3.41%.

For refis of the same type during the week of 2022-05-13, the average rate was 5.22%.

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 and rates for USDA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Tyler level.

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
MORTGAGE FINANCIAL SERVICES, LLC 12 3.13% $6,020
GUILD MORTGAGE COMPANY 7 3.34% $7,490
FINANCE OF AMERICA MORTGAGE LLC 6 3.21% $5,869
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 4 3.06% $6,448
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 3 2.79% $5,823
PRIMARY RESIDENTIAL MORTGAGE, INC. 2 3.00% $6,534
CALIBER HOME LOANS, INC. 2 2.85% $4,919
INTERLINC MORTGAGE SERVICES, LLC 1 3.38% $8,340
LEADERONE FINANCIAL CORPORATION 1 3.00% $6,223
LENDUS, LLC 1 2.75% $7,399
Loan Simple, Inc. 1 3.63% $7,153
MID AMERICA MORTGAGE, INC. 1 3.13% $2,953
MOVEMENT MORTGAGE, LLC 1 2.75% $2,377
OPEN MORTGAGE, LLC 1 2.75% $8,423
PLAZA HOME MORTGAGE, INC. 1 2.25% $4,869
SOUTHWEST FUNDING, LP 1 3.38% $8,021
THRIVE MORTGAGE, LLC 1 3.13% $8,056
ACADEMY MORTGAGE CORPORATION 1 3.50% $5,642
UNITED WHOLESALE MORTGAGE, LLC 1 2.60% $5,259
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 1 2.50% $6,623
CERTAINTY HOME LOANS, LLC 1 2.88% $5,238
CMG MORTGAGE, INC. 1 2.75% $4,203
CROSSCOUNTRY MORTGAGE, LLC 1 2.99% $5,544
First Savings Bank 1 2.75% $5,915
Hometown Lenders, Inc. 1 3.38% $5,769

The top Tyler USDA lender as defined by loan originations is MORTGAGE FINANCIAL SERVICES, LLC, with 12 USDA loans originated. Their average total fees are $6,020, which is $1,470 lower than the next largest lender, GUILD MORTGAGE COMPANY.

The lowest fee Tyler USDA lenders (with over 10 loans originated) are MORTGAGE FINANCIAL SERVICES, LLC ($6,020), .

The lowest rate Tyler USDA lenders (with over 10 loans originated) are MORTGAGE FINANCIAL SERVICES, LLC (3.13%), .


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 $278,250 (10.2%) $402,315 (20.2%) 1.02 1,121
2018-02-01 $276,750 (8.5%) $393,565 (18.6%) 1.00 1,154
2018-03-01 $289,500 (10.5%) $399,789 (17.2%) 1.00 1,176
2018-04-01 $294,750 (5.3%) $408,403 (13.1%) 0.99 1,184
2018-05-01 $296,450 (5.5%) $412,865 (13.1%) 0.99 1,221
2018-06-01 $287,900 (1.2%) $386,590 (-0.9%) 0.96 1,269
2018-07-01 $287,200 (2.6%) $380,891 (-2.2%) 0.96 1,262
2018-08-01 $279,450 (-1.8%) $369,649 (-5.2%) 0.93 1,260
2018-09-01 $282,000 (-2.4%) $364,527 (-9.4%) 0.94 1,188
2018-10-01 $281,450 (-2.9%) $365,228 (-9.9%) 0.94 1,183
2018-11-01 $279,950 (-1.8%) $366,108 (-8.2%) 0.94 1,141
2018-12-01 $285,000 (2.2%) $370,167 (-6.6%) 0.98 1,051
2019-01-01 $292,000 (4.9%) $374,612 (-6.9%) 1.01 983
2019-02-01 $285,000 (3.0%) $384,041 (-2.4%) 0.95 1,005
2019-03-01 $291,386 (0.7%) $391,127 (-2.2%) 0.95 977
2019-04-01 $302,450 (2.6%) $396,645 (-2.9%) 0.95 1,014
2019-05-01 $322,450 (8.8%) $414,843 (0.5%) 0.99 1,019
2019-06-01 $314,900 (9.4%) $412,449 (6.7%) 0.97 1,029
2019-07-01 $307,498 (7.1%) $406,442 (6.7%) 0.96 1,012
2019-08-01 $295,567 (5.8%) $394,022 (6.6%) 0.93 979
2019-09-01 $289,845 (2.8%) $384,189 (5.4%) 0.92 957
2019-10-01 $295,450 (5.0%) $396,801 (8.6%) 0.94 968
2019-11-01 $285,664 (2.0%) $391,199 (6.9%) 0.92 967
2019-12-01 $277,700 (-2.6%) $375,546 (1.5%) 0.93 928
2020-01-01 $279,450 (-4.3%) $377,710 (0.8%) 0.93 885
2020-02-01 $285,000 (0.0%) $386,681 (0.7%) 0.92 855
2020-03-01 $288,450 (-1.0%) $392,893 (0.5%) 0.90 871
2020-04-01 $289,450 (-4.3%) $388,017 (-2.2%) 0.90 884
2020-05-01 $299,900 (-7.0%) $408,640 (-1.5%) 0.91 905
2020-06-01 $310,000 (-1.6%) $417,180 (1.2%) 0.91 922
2020-07-01 $313,500 (2.0%) $419,886 (3.3%) 0.90 854
2020-08-01 $309,000 (4.5%) $420,099 (6.6%) 0.88 831
2020-09-01 $317,450 (9.5%) $423,328 (10.2%) 0.91 784
2020-10-01 $299,500 (1.4%) $420,948 (6.1%) 0.86 685
2020-11-01 $295,000 (3.3%) $406,228 (3.8%) 0.84 641
2020-12-01 $314,500 (13.3%) $425,104 (13.2%) 0.92 599
2021-01-01 $310,000 (10.9%) $413,961 (9.6%) 0.91 532
2021-02-01 $317,500 (11.4%) $431,583 (11.6%) 0.91 436
2021-03-01 $317,500 (10.1%) $444,320 (13.1%) 0.89 386
2021-04-01 $339,000 (17.1%) $479,702 (23.6%) 0.91 379
2021-05-01 $366,000 (22.0%) $497,298 (21.7%) 0.96 394
2021-06-01 $367,500 (18.6%) $542,774 (30.1%) 0.95 427
2021-07-01 $369,450 (17.9%) $539,122 (28.4%) 0.96 474
2021-08-01 $364,000 (17.8%) $518,686 (23.5%) 0.96 552
2021-09-01 $367,344 (15.7%) $521,652 (23.2%) 0.97 541
2021-10-01 $369,900 (23.5%) $529,145 (25.7%) 0.97 507
2021-11-01 $370,000 (25.4%) $554,922 (36.6%) 0.98 424
2021-12-01 $376,500 (19.7%) $575,008 (35.3%) 1.00 413
2022-01-01 $375,000 (21.0%) $564,788 (36.4%) 1.00 362
2022-02-01 $374,950 (18.1%) $576,594 (33.6%) 0.96 330
2022-03-01 $369,000 (16.2%) $572,912 (28.9%) 0.91 318
2022-04-01 $369,000 (8.9%) $631,012 (31.5%) 0.87 361
Tyler's median listing price for 2022-04-01 was $369,000, a difference of $30,000 (8.9%) versus the prior year and $0 versus the prior month.

Tyler's median listing price comes in at 87% of the national average.

Tyler's average listing price for 2022-04-01 was $631,012, a difference of $151,310 (31.5%) versus the prior year and $58,100 versus the prior month.

For the 2022-04-01 period, Tyler had 361 MLS listings, a difference of 43 listings (14%) versus the prior month and -18 listings (-5%) 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 92 days 2,350 sqft
2018-02-01 84 days 2,328 sqft
2018-03-01 66 days 2,360 sqft
2018-04-01 65 days 2,371 sqft
2018-05-01 61 days 2,385 sqft
2018-06-01 60 days 2,378 sqft
2018-07-01 66 days 2,355 sqft
2018-08-01 66 days 2,328 sqft
2018-09-01 76 days 2,304 sqft
2018-10-01 73 days 2,295 sqft
2018-11-01 72 days 2,280 sqft
2018-12-01 80 days 2,280 sqft
2019-01-01 90 days 2,300 sqft
2019-02-01 84 days 2,283 sqft
2019-03-01 66 days 2,321 sqft
2019-04-01 55 days 2,372 sqft
2019-05-01 50 days 2,465 sqft
2019-06-01 53 days 2,455 sqft
2019-07-01 58 days 2,448 sqft
2019-08-01 62 days 2,422 sqft
2019-09-01 64 days 2,393 sqft
2019-10-01 64 days 2,409 sqft
2019-11-01 66 days 2,338 sqft
2019-12-01 72 days 2,300 sqft
2020-01-01 78 days 2,251 sqft
2020-02-01 67 days 2,257 sqft
2020-03-01 57 days 2,261 sqft
2020-04-01 60 days 2,247 sqft
2020-05-01 58 days 2,278 sqft
2020-06-01 48 days 2,321 sqft
2020-07-01 51 days 2,280 sqft
2020-08-01 52 days 2,257 sqft
2020-09-01 55 days 2,299 sqft
2020-10-01 55 days 2,249 sqft
2020-11-01 55 days 2,247 sqft
2020-12-01 65 days 2,301 sqft
2021-01-01 65 days 2,275 sqft
2021-02-01 50 days 2,313 sqft
2021-03-01 53 days 2,290 sqft
2021-04-01 36 days 2,312 sqft
2021-05-01 37 days 2,280 sqft
2021-06-01 37 days 2,284 sqft
2021-07-01 39 days 2,281 sqft
2021-08-01 36 days 2,259 sqft
2021-09-01 40 days 2,252 sqft
2021-10-01 47 days 2,181 sqft
2021-11-01 51 days 2,174 sqft
2021-12-01 54 days 2,141 sqft
2022-01-01 55 days 2,092 sqft
2022-02-01 47 days 2,071 sqft
2022-03-01 39 days 2,037 sqft
2022-04-01 31 days 2,001 sqft
Tyler's median listing age (time on market) for 2022-04-01 was 31 days. This is -14% shorter than the same period one year ago.

Tyler's median square footage for active listings during the 2022-04-01 period was 2,001 sqft. One year prior, the average listing was 2,312 sqft.