Waco USDA Loan Rates, Closing Costs & Stats
WACO, 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.
Waco's 12 lenders originated 19 USDA loans during 2023. The total origination value was $3,895,000, with an average USDA loan value of $205,000.
Waco USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Waco
averaged
6.46%
for the week of 2025-02-14, compared to the national average (all USDA variants) of
6.526% for the same period.
Waco's average USDA mortgage closing costs are $5,499.
The average rate for the prior week (2025-02-07) was
6.22% and
one month ago for the week of 2025-01-10, the
average rate was 6.37%.
The average rate one year ago was 6.56%.
For refis of the same type during the week of 2025-02-14, the average rate
was 6.44%.
Waco 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 Waco level.
| Name | # of Loans | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
|---|---|---|---|
| NEWREZ LLC | 4 | 7.16% | $7,793 |
| GUILD MORTGAGE COMPANY | 2 | 6.81% | $8,488 |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | 2 | 5.88% | $3,590 |
| UNITED WHOLESALE MORTGAGE, LLC | 2 | 7.01% | $8,384 |
| NATIONS RELIABLE LENDING, LLC | 1 | 6.13% | $9,609 |
| T2 FINANCIAL LLC | 1 | 6.25% | $3,147 |
| THRIVE MORTGAGE, LLC | 1 | 6.38% | $9,176 |
| CARDINAL FINANCIAL | 1 | 7.75% | $8,097 |
| Wallick & Volk, Inc. | 1 | 6.00% | $3,487 |
| City Bank | 1 | 6.13% | $6,920 |
| DHI MORTGAGE COMPANY, LTD. | 1 | 5.50% | $7,071 |
| Gateway First Bank | 1 | 6.75% | $4,005 |
The top Waco USDA lender as defined by loan originations is NEWREZ LLC, with
4 USDA loans originated. Their average total fees are
$7,793, which is $695
lower than the next largest lender,
GUILD MORTGAGE COMPANY.
The lowest fee Waco USDA lenders (with over 10 loans originated) are
.
The lowest rate Waco USDA lenders (with over 10 loans originated) are
.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Waco (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 | $197,650 (13.3%) | $256,399 (2.6%) | 0.76 | 721 |
| 2018-02-01 | $196,225 (12.2%) | $255,548 (2.4%) | 0.75 | 743 |
| 2018-03-01 | $200,000 (11.2%) | $267,384 (4.2%) | 0.74 | 742 |
| 2018-04-01 | $209,900 (13.5%) | $281,015 (11.1%) | 0.75 | 743 |
| 2018-05-01 | $217,650 (8.9%) | $283,160 (6.7%) | 0.75 | 738 |
| 2018-06-01 | $215,950 (8.0%) | $281,398 (2.2%) | 0.76 | 811 |
| 2018-07-01 | $202,200 (1.1%) | $272,609 (-1.6%) | 0.70 | 886 |
| 2018-08-01 | $199,913 (0.0%) | $270,206 (-0.5%) | 0.70 | 908 |
| 2018-09-01 | $205,000 (2.8%) | $273,802 (3.2%) | 0.71 | 904 |
| 2018-10-01 | $199,500 (-0.1%) | $273,890 (5.3%) | 0.69 | 935 |
| 2018-11-01 | $198,750 (1.2%) | $270,679 (6.7%) | 0.68 | 934 |
| 2018-12-01 | $199,000 (3.1%) | $264,307 (5.0%) | 0.69 | 891 |
| 2019-01-01 | $195,000 (-1.3%) | $260,542 (1.6%) | 0.70 | 843 |
| 2019-02-01 | $199,950 (1.9%) | $260,981 (2.1%) | 0.73 | 837 |
| 2019-03-01 | $215,243 (7.6%) | $271,167 (1.4%) | 0.73 | 813 |
| 2019-04-01 | $224,950 (7.2%) | $280,705 (-0.1%) | 0.73 | 777 |
| 2019-05-01 | $225,000 (3.4%) | $283,890 (0.3%) | 0.73 | 781 |
| 2019-06-01 | $225,000 (4.2%) | $281,453 (0.0%) | 0.72 | 812 |
| 2019-07-01 | $229,350 (13.4%) | $289,775 (6.3%) | 0.73 | 865 |
| 2019-08-01 | $227,909 (14.0%) | $288,799 (6.9%) | 0.73 | 857 |
| 2019-09-01 | $226,273 (10.4%) | $283,306 (3.5%) | 0.73 | 837 |
| 2019-10-01 | $223,750 (12.2%) | $278,526 (1.7%) | 0.72 | 828 |
| 2019-11-01 | $225,000 (13.2%) | $277,709 (2.6%) | 0.74 | 789 |
| 2019-12-01 | $222,223 (11.7%) | $276,880 (4.8%) | 0.75 | 756 |
| 2020-01-01 | $219,950 (12.8%) | $267,049 (2.5%) | 0.74 | 725 |
| 2020-02-01 | $220,000 (10.0%) | $271,029 (3.9%) | 0.74 | 746 |
| 2020-03-01 | $225,000 (4.5%) | $279,922 (3.2%) | 0.72 | 747 |
| 2020-04-01 | $228,625 (1.6%) | $283,333 (0.9%) | 0.73 | 764 |
| 2020-05-01 | $245,000 (8.9%) | $305,493 (7.6%) | 0.77 | 733 |
| 2020-06-01 | $247,575 (10.0%) | $322,423 (14.6%) | 0.76 | 648 |
| 2020-07-01 | $247,200 (7.8%) | $326,596 (12.7%) | 0.73 | 620 |
| 2020-08-01 | $245,900 (7.9%) | $327,442 (13.4%) | 0.72 | 578 |
| 2020-09-01 | $242,425 (7.1%) | $321,032 (13.3%) | 0.71 | 544 |
| 2020-10-01 | $239,900 (7.2%) | $315,619 (13.3%) | 0.72 | 504 |
| 2020-11-01 | $238,250 (5.9%) | $314,904 (13.4%) | 0.71 | 482 |
| 2020-12-01 | $234,475 (5.5%) | $316,015 (14.1%) | 0.73 | 438 |
| 2021-01-01 | $230,000 (4.6%) | $327,653 (22.7%) | 0.71 | 343 |
| 2021-02-01 | $235,000 (6.8%) | $341,966 (26.2%) | 0.69 | 277 |
| 2021-03-01 | $249,900 (11.1%) | $372,067 (32.9%) | 0.71 | 241 |
| 2021-04-01 | $253,175 (10.7%) | $391,199 (38.1%) | 0.69 | 225 |
| 2021-05-01 | $278,350 (13.6%) | $419,407 (37.3%) | 0.73 | 220 |
| 2021-06-01 | $279,675 (13.0%) | $405,382 (25.7%) | 0.73 | 281 |
| 2021-07-01 | $269,450 (9.0%) | $390,645 (19.6%) | 0.70 | 362 |
| 2021-08-01 | $274,250 (11.5%) | $391,472 (19.6%) | 0.73 | 426 |
| 2021-09-01 | $274,000 (13.0%) | $397,898 (23.9%) | 0.73 | 425 |
| 2021-10-01 | $275,000 (14.6%) | $417,835 (32.4%) | 0.73 | 385 |
| 2021-11-01 | $288,675 (21.2%) | $423,702 (34.6%) | 0.78 | 386 |
| 2021-12-01 | $294,450 (25.6%) | $453,327 (43.5%) | 0.81 | 370 |
| 2022-01-01 | $265,000 (15.2%) | $445,994 (36.1%) | 0.73 | 320 |
| 2022-02-01 | $273,750 (16.5%) | $460,647 (34.7%) | 0.72 | 272 |
| 2022-03-01 | $302,450 (21.0%) | $480,343 (29.1%) | 0.76 | 270 |
| 2022-04-01 | $299,000 (18.1%) | $464,167 (18.7%) | 0.72 | 310 |
| 2022-05-01 | $315,000 (13.2%) | $498,232 (18.8%) | 0.74 | 359 |
| 2022-06-01 | $334,750 (19.7%) | $500,956 (23.6%) | 0.78 | 431 |
| 2022-07-01 | $350,000 (29.9%) | $487,661 (24.8%) | 0.79 | 557 |
| 2022-08-01 | $349,250 (27.4%) | $455,333 (16.3%) | 0.81 | 665 |
| 2022-09-01 | $334,575 (22.1%) | $427,306 (7.4%) | 0.79 | 695 |
| 2022-10-01 | $325,000 (18.2%) | $419,043 (0.3%) | 0.76 | 755 |
| 2022-11-01 | $318,100 (10.2%) | $440,091 (3.9%) | 0.77 | 778 |
| 2022-12-01 | $319,900 (8.6%) | $432,460 (-4.6%) | 0.79 | 768 |
| 2023-01-01 | $319,700 (20.6%) | $428,752 (-3.9%) | 0.79 | 732 |
| 2023-02-01 | $299,950 (9.6%) | $412,320 (-10.5%) | 0.75 | 773 |
| 2023-03-01 | $309,900 (2.5%) | $422,275 (-12.1%) | 0.73 | 803 |
| 2023-04-01 | $324,900 (8.7%) | $435,334 (-6.2%) | 0.76 | 812 |
| 2023-05-01 | $339,225 (7.7%) | $454,133 (-8.9%) | 0.78 | 824 |
| 2023-06-01 | $349,800 (4.5%) | $459,223 (-8.3%) | 0.79 | 861 |
| 2023-07-01 | $349,000 (-0.3%) | $456,157 (-6.5%) | 0.79 | 947 |
| 2023-08-01 | $349,700 (0.1%) | $447,778 (-1.7%) | 0.80 | 977 |
| 2023-09-01 | $349,900 (4.6%) | $448,908 (5.1%) | 0.81 | 974 |
| 2023-10-01 | $335,400 (3.2%) | $434,093 (3.6%) | 0.79 | 1,020 |
| 2023-11-01 | $329,900 (3.7%) | $437,485 (-0.6%) | 0.80 | 1,026 |
| 2023-12-01 | $325,000 (1.6%) | $432,886 (0.1%) | 0.79 | 1,014 |
| 2024-01-01 | $329,500 (3.1%) | $433,129 (1.0%) | 0.81 | 957 |
| 2024-02-01 | $339,675 (13.2%) | $449,878 (9.1%) | 0.83 | 934 |
| 2024-03-01 | $339,900 (9.7%) | $446,562 (5.8%) | 0.81 | 988 |
| 2024-04-01 | $342,500 (5.4%) | $452,073 (3.9%) | 0.81 | 1,042 |
| 2024-05-01 | $341,575 (0.7%) | $452,451 (-0.4%) | 0.78 | 1,083 |
| 2024-06-01 | $335,000 (-4.2%) | $451,716 (-1.6%) | 0.76 | 1,151 |
| 2024-07-01 | $337,125 (-3.4%) | $443,155 (-2.9%) | 0.78 | 1,199 |
| 2024-08-01 | $329,500 (-5.8%) | $436,709 (-2.5%) | 0.78 | 1,202 |
| 2024-09-01 | $326,975 (-6.6%) | $434,752 (-3.2%) | 0.78 | 1,217 |
| 2024-10-01 | $325,000 (-3.1%) | $434,848 (0.2%) | 0.78 | 1,200 |
| 2024-11-01 | $324,000 (-1.8%) | $422,410 (-3.5%) | 0.78 | 1,237 |
| 2024-12-01 | $320,000 (-1.5%) | $416,309 (-3.8%) | 0.80 | 1,172 |
| 2025-01-01 | $319,000 (-3.2%) | $411,067 (-5.1%) | 0.00 | 1,105 |
Waco's median listing price comes in at 0% of the national average.
Waco's average listing price for 2025-01-01 was $411,067, a difference of $-22,062 (-5.1%) versus the prior year and $-5,242 versus the prior month.
For the 2025-01-01 period, Waco had 1,105 MLS listings, a difference of -67 listings (-6%) versus the prior month and 148 listings (15%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Waco (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 77 days | 1,926 sqft |
| 2018-02-01 | 73 days | 1,906 sqft |
| 2018-03-01 | 59 days | 1,934 sqft |
| 2018-04-01 | 57 days | 2,007 sqft |
| 2018-05-01 | 52 days | 2,033 sqft |
| 2018-06-01 | 46 days | 1,988 sqft |
| 2018-07-01 | 44 days | 1,954 sqft |
| 2018-08-01 | 50 days | 1,978 sqft |
| 2018-09-01 | 60 days | 1,989 sqft |
| 2018-10-01 | 65 days | 1,942 sqft |
| 2018-11-01 | 71 days | 1,973 sqft |
| 2018-12-01 | 78 days | 1,959 sqft |
| 2019-01-01 | 83 days | 1,965 sqft |
| 2019-02-01 | 77 days | 1,979 sqft |
| 2019-03-01 | 65 days | 1,999 sqft |
| 2019-04-01 | 55 days | 2,009 sqft |
| 2019-05-01 | 52 days | 2,017 sqft |
| 2019-06-01 | 46 days | 2,004 sqft |
| 2019-07-01 | 45 days | 2,028 sqft |
| 2019-08-01 | 50 days | 2,025 sqft |
| 2019-09-01 | 57 days | 2,000 sqft |
| 2019-10-01 | 61 days | 1,971 sqft |
| 2019-11-01 | 66 days | 1,973 sqft |
| 2019-12-01 | 75 days | 1,954 sqft |
| 2020-01-01 | 76 days | 1,934 sqft |
| 2020-02-01 | 59 days | 1,919 sqft |
| 2020-03-01 | 55 days | 1,971 sqft |
| 2020-04-01 | 57 days | 1,970 sqft |
| 2020-05-01 | 54 days | 2,025 sqft |
| 2020-06-01 | 53 days | 2,057 sqft |
| 2020-07-01 | 54 days | 2,064 sqft |
| 2020-08-01 | 51 days | 2,045 sqft |
| 2020-09-01 | 50 days | 2,018 sqft |
| 2020-10-01 | 57 days | 2,024 sqft |
| 2020-11-01 | 52 days | 1,975 sqft |
| 2020-12-01 | 53 days | 1,953 sqft |
| 2021-01-01 | 64 days | 1,972 sqft |
| 2021-02-01 | 46 days | 1,860 sqft |
| 2021-03-01 | 40 days | 1,877 sqft |
| 2021-04-01 | 30 days | 1,866 sqft |
| 2021-05-01 | 23 days | 1,932 sqft |
| 2021-06-01 | 16 days | 1,924 sqft |
| 2021-07-01 | 21 days | 1,858 sqft |
| 2021-08-01 | 24 days | 1,897 sqft |
| 2021-09-01 | 31 days | 1,878 sqft |
| 2021-10-01 | 43 days | 1,936 sqft |
| 2021-11-01 | 42 days | 1,961 sqft |
| 2021-12-01 | 41 days | 1,914 sqft |
| 2022-01-01 | 47 days | 1,788 sqft |
| 2022-02-01 | 42 days | 1,856 sqft |
| 2022-03-01 | 32 days | 1,900 sqft |
| 2022-04-01 | 24 days | 1,788 sqft |
| 2022-05-01 | 22 days | 1,814 sqft |
| 2022-06-01 | 23 days | 1,890 sqft |
| 2022-07-01 | 29 days | 1,954 sqft |
| 2022-08-01 | 36 days | 1,939 sqft |
| 2022-09-01 | 40 days | 1,885 sqft |
| 2022-10-01 | 46 days | 1,815 sqft |
| 2022-11-01 | 52 days | 1,799 sqft |
| 2022-12-01 | 62 days | 1,833 sqft |
| 2023-01-01 | 68 days | 1,821 sqft |
| 2023-02-01 | 62 days | 1,748 sqft |
| 2023-03-01 | 51 days | 1,775 sqft |
| 2023-04-01 | 53 days | 1,812 sqft |
| 2023-05-01 | 61 days | 1,911 sqft |
| 2023-06-01 | 62 days | 1,964 sqft |
| 2023-07-01 | 53 days | 1,957 sqft |
| 2023-08-01 | 56 days | 1,958 sqft |
| 2023-09-01 | 64 days | 1,956 sqft |
| 2023-10-01 | 69 days | 1,924 sqft |
| 2023-11-01 | 68 days | 1,895 sqft |
| 2023-12-01 | 72 days | 1,864 sqft |
| 2024-01-01 | 81 days | 1,838 sqft |
| 2024-02-01 | 83 days | 1,879 sqft |
| 2024-03-01 | 66 days | 1,878 sqft |
| 2024-04-01 | 56 days | 1,904 sqft |
| 2024-05-01 | 54 days | 1,911 sqft |
| 2024-06-01 | 58 days | 1,885 sqft |
| 2024-07-01 | 65 days | 1,899 sqft |
| 2024-08-01 | 73 days | 1,891 sqft |
| 2024-09-01 | 72 days | 1,886 sqft |
| 2024-10-01 | 75 days | 1,896 sqft |
| 2024-11-01 | 77 days | 1,870 sqft |
| 2024-12-01 | 86 days | 1,855 sqft |
| 2025-01-01 | 0 days | 1,848 sqft |
Waco's median square footage for active listings during the 2025-01-01 period was 1,848 sqft. One year prior, the average listing was 1,838 sqft.