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%.
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 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 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.