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 6 lenders originated 13 USDA loans during 2023. The total origination value was $3,165,000, with an average USDA loan value of $243,462.

Tyler USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Tyler averaged 6.76% for the week of 2024-04-12, compared to the national average (all USDA variants) of 6.705% for the same period.

Tyler's average USDA mortgage closing costs are $5,856.

The average rate for the prior week (2024-04-05) was 6.78% and one month ago for the week of 2024-03-08, the average rate was 6.74%.

The average rate one year ago was 6.55%.

For refis of the same type during the week of 2024-04-12, the average rate was 6.63%.

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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
UNITED WHOLESALE MORTGAGE, LLC 3 6.82% $6,919
Paramount Residential Mortgage Group, Inc. 2 6.38% $6,729
GUILD MORTGAGE COMPANY 1 6.13% $14,356
Ixonia Bank 1 7.88% $8,847
MORTGAGE FINANCIAL SERVICES, LLC 1 5.99% $5,880
VERITAS FUNDING, LLC 1 6.13% $9,521

The top Tyler USDA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 3 USDA loans originated. Their average total fees are $6,919, which is $190 higher than the next largest lender, Paramount Residential Mortgage Group, Inc..

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 $265,225 (9.6%) $391,701 (21.7%) 0.98 870
2018-02-01 $267,625 (10.3%) $389,085 (20.3%) 0.97 886
2018-03-01 $277,750 (11.6%) $395,879 (21.4%) 0.97 892
2018-04-01 $282,438 (8.7%) $400,994 (18.1%) 0.96 912
2018-05-01 $285,473 (9.1%) $401,829 (17.1%) 0.95 936
2018-06-01 $274,900 (2.7%) $363,676 (-3.2%) 0.92 983
2018-07-01 $274,000 (1.9%) $357,958 (-4.3%) 0.92 983
2018-08-01 $265,000 (-1.8%) $346,080 (-9.0%) 0.89 991
2018-09-01 $265,000 (-3.6%) $344,802 (-10.9%) 0.89 926
2018-10-01 $265,875 (-3.3%) $348,448 (-10.7%) 0.90 930
2018-11-01 $269,250 (-0.5%) $349,021 (-10.1%) 0.91 895
2018-12-01 $275,000 (2.5%) $353,121 (-9.0%) 0.95 820
2019-01-01 $276,425 (4.2%) $353,979 (-9.6%) 0.96 771
2019-02-01 $269,700 (0.8%) $356,842 (-8.3%) 0.91 758
2019-03-01 $280,100 (0.9%) $369,130 (-6.8%) 0.92 757
2019-04-01 $294,950 (4.4%) $378,495 (-5.6%) 0.94 785
2019-05-01 $304,950 (6.8%) $392,852 (-2.2%) 0.95 785
2019-06-01 $299,900 (9.1%) $392,423 (7.9%) 0.94 782
2019-07-01 $297,000 (8.4%) $379,900 (6.1%) 0.93 778
2019-08-01 $291,779 (10.1%) $373,213 (7.8%) 0.92 769
2019-09-01 $290,216 (9.5%) $369,488 (7.2%) 0.93 767
2019-10-01 $289,174 (8.8%) $367,975 (5.6%) 0.93 763
2019-11-01 $275,000 (2.1%) $357,763 (2.5%) 0.90 753
2019-12-01 $269,450 (-2.0%) $346,018 (-2.0%) 0.90 735
2020-01-01 $269,900 (-2.4%) $348,328 (-1.6%) 0.90 699
2020-02-01 $269,900 (0.1%) $358,346 (0.4%) 0.88 661
2020-03-01 $269,900 (-3.6%) $365,769 (-0.9%) 0.85 686
2020-04-01 $274,993 (-6.8%) $363,492 (-4.0%) 0.86 689
2020-05-01 $285,000 (-6.5%) $387,269 (-1.4%) 0.87 678
2020-06-01 $290,850 (-3.0%) $391,643 (-0.2%) 0.86 669
2020-07-01 $292,000 (-1.7%) $400,572 (5.4%) 0.85 622
2020-08-01 $289,500 (-0.8%) $399,299 (7.0%) 0.83 594
2020-09-01 $294,850 (1.6%) $401,029 (8.5%) 0.84 568
2020-10-01 $290,000 (0.3%) $405,427 (10.2%) 0.83 503
2020-11-01 $284,975 (3.6%) $389,446 (8.9%) 0.83 478
2020-12-01 $295,000 (9.5%) $405,272 (17.1%) 0.88 436
2021-01-01 $289,950 (7.4%) $391,726 (12.5%) 0.87 385
2021-02-01 $299,600 (11.0%) $404,255 (12.8%) 0.87 334
2021-03-01 $298,700 (10.7%) $424,656 (16.1%) 0.85 300
2021-04-01 $312,500 (13.6%) $453,549 (24.8%) 0.85 310
2021-05-01 $342,490 (20.2%) $472,524 (22.0%) 0.91 317
2021-06-01 $364,950 (25.5%) $522,819 (33.5%) 0.96 336
2021-07-01 $360,000 (23.3%) $514,385 (28.4%) 0.95 380
2021-08-01 $356,700 (23.2%) $488,691 (22.4%) 0.95 432
2021-09-01 $350,000 (18.7%) $497,789 (24.1%) 0.93 423
2021-10-01 $349,944 (20.7%) $504,302 (24.4%) 0.93 399
2021-11-01 $359,719 (26.2%) $542,062 (39.2%) 0.96 357
2021-12-01 $361,519 (22.6%) $541,818 (33.7%) 0.98 349
2022-01-01 $364,500 (25.7%) $549,555 (40.3%) 0.99 308
2022-02-01 $368,800 (23.1%) $555,600 (37.4%) 0.96 273
2022-03-01 $357,500 (19.7%) $548,464 (29.2%) 0.90 264
2022-04-01 $364,990 (16.8%) $576,841 (27.2%) 0.87 298
2022-05-01 $382,498 (11.7%) $567,745 (20.2%) 0.87 391
2022-06-01 $397,225 (8.8%) $571,865 (9.4%) 0.88 469
2022-07-01 $395,000 (9.7%) $544,601 (5.9%) 0.89 549
2022-08-01 $389,638 (9.2%) $554,014 (13.4%) 0.90 589
2022-09-01 $393,500 (12.4%) $539,050 (8.3%) 0.92 636
2022-10-01 $399,900 (14.3%) $540,632 (7.2%) 0.94 683
2022-11-01 $399,675 (11.1%) $523,322 (-3.5%) 0.96 713
2022-12-01 $405,000 (12.0%) $533,201 (-1.6%) 1.00 701
2023-01-01 $400,000 (9.7%) $538,412 (-2.0%) 0.99 680
2023-02-01 $409,443 (11.0%) $542,713 (-2.3%) 0.99 672
2023-03-01 $410,820 (14.9%) $554,063 (1.0%) 0.97 672
2023-04-01 $399,700 (9.5%) $538,296 (-6.7%) 0.93 681
2023-05-01 $399,450 (4.4%) $534,790 (-5.8%) 0.91 699
2023-06-01 $400,000 (0.7%) $519,942 (-9.1%) 0.90 767
2023-07-01 $392,000 (-0.8%) $508,296 (-6.7%) 0.89 811
2023-08-01 $385,000 (-1.2%) $512,396 (-7.5%) 0.88 861
2023-09-01 $385,940 (-1.9%) $525,551 (-2.5%) 0.90 877
2023-10-01 $381,950 (-4.5%) $512,004 (-5.3%) 0.90 937
2023-11-01 $375,000 (-6.2%) $507,193 (-3.1%) 0.89 964
2023-12-01 $375,000 (-7.4%) $503,657 (-5.5%) 0.91 942
2024-01-01 $375,000 (-6.3%) $493,207 (-8.4%) 0.92 883
2024-02-01 $382,628 (-6.6%) $493,989 (-9.0%) 0.92 879
2024-03-01 $391,650 (-4.7%) $491,179 (-11.4%) 0.92 914
Tyler's median listing price for 2024-03-01 was $391,650, a difference of $-19,170 (-4.7%) versus the prior year and $9,022 versus the prior month.

Tyler's median listing price comes in at 92% of the national average.

Tyler's average listing price for 2024-03-01 was $491,179, a difference of $-62,884 (-11.4%) versus the prior year and $-2,810 versus the prior month.

For the 2024-03-01 period, Tyler had 914 MLS listings, a difference of 35 listings (4%) versus the prior month and 242 listings (36%) 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 86 days 2,310 sqft
2018-02-01 77 days 2,279 sqft
2018-03-01 66 days 2,304 sqft
2018-04-01 63 days 2,324 sqft
2018-05-01 59 days 2,337 sqft
2018-06-01 57 days 2,306 sqft
2018-07-01 60 days 2,285 sqft
2018-08-01 65 days 2,270 sqft
2018-09-01 72 days 2,278 sqft
2018-10-01 66 days 2,276 sqft
2018-11-01 67 days 2,267 sqft
2018-12-01 77 days 2,272 sqft
2019-01-01 86 days 2,276 sqft
2019-02-01 83 days 2,232 sqft
2019-03-01 69 days 2,274 sqft
2019-04-01 54 days 2,344 sqft
2019-05-01 49 days 2,435 sqft
2019-06-01 52 days 2,434 sqft
2019-07-01 53 days 2,429 sqft
2019-08-01 57 days 2,414 sqft
2019-09-01 59 days 2,394 sqft
2019-10-01 60 days 2,366 sqft
2019-11-01 67 days 2,301 sqft
2019-12-01 71 days 2,211 sqft
2020-01-01 76 days 2,155 sqft
2020-02-01 64 days 2,150 sqft
2020-03-01 53 days 2,177 sqft
2020-04-01 57 days 2,182 sqft
2020-05-01 59 days 2,208 sqft
2020-06-01 51 days 2,259 sqft
2020-07-01 51 days 2,230 sqft
2020-08-01 52 days 2,234 sqft
2020-09-01 53 days 2,249 sqft
2020-10-01 51 days 2,199 sqft
2020-11-01 51 days 2,204 sqft
2020-12-01 64 days 2,251 sqft
2021-01-01 67 days 2,177 sqft
2021-02-01 44 days 2,149 sqft
2021-03-01 49 days 2,147 sqft
2021-04-01 33 days 2,186 sqft
2021-05-01 36 days 2,202 sqft
2021-06-01 38 days 2,258 sqft
2021-07-01 38 days 2,201 sqft
2021-08-01 38 days 2,191 sqft
2021-09-01 41 days 2,185 sqft
2021-10-01 50 days 2,130 sqft
2021-11-01 56 days 2,133 sqft
2021-12-01 55 days 2,108 sqft
2022-01-01 55 days 2,029 sqft
2022-02-01 46 days 2,061 sqft
2022-03-01 38 days 2,001 sqft
2022-04-01 30 days 2,001 sqft
2022-05-01 30 days 2,048 sqft
2022-06-01 33 days 2,106 sqft
2022-07-01 36 days 2,075 sqft
2022-08-01 39 days 2,052 sqft
2022-09-01 43 days 2,093 sqft
2022-10-01 49 days 2,146 sqft
2022-11-01 54 days 2,145 sqft
2022-12-01 70 days 2,175 sqft
2023-01-01 73 days 2,132 sqft
2023-02-01 69 days 2,155 sqft
2023-03-01 58 days 2,180 sqft
2023-04-01 50 days 2,121 sqft
2023-05-01 48 days 2,185 sqft
2023-06-01 44 days 2,142 sqft
2023-07-01 45 days 2,099 sqft
2023-08-01 50 days 2,097 sqft
2023-09-01 54 days 2,102 sqft
2023-10-01 56 days 2,090 sqft
2023-11-01 60 days 2,082 sqft
2023-12-01 70 days 2,075 sqft
2024-01-01 73 days 2,081 sqft
2024-02-01 68 days 2,090 sqft
2024-03-01 50 days 2,095 sqft
Tyler's median listing age (time on market) for 2024-03-01 was 50 days. This is -14% shorter than the same period one year ago.

Tyler's median square footage for active listings during the 2024-03-01 period was 2,095 sqft. One year prior, the average listing was 2,180 sqft.