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 16 USDA loans during 2024. The total origination value was $3,720,000, with an average USDA loan value of $232,500.

Waco USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Waco averaged 0.19% for the week of 2025-06-20, compared to the national average (all USDA variants) of 0% for the same period.

Waco's average USDA mortgage closing costs are $5,614.

The average rate for the prior week (2025-06-13) was 6.79% and one month ago for the week of 2025-05-16, the average rate was 6.75%.

The average rate one year ago was 6.77%.

For refis of the same type during the week of 2025-06-20, the average rate was -0.39%.

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

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 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
UNITED WHOLESALE MORTGAGE, LLC 2 6.50% $10,213
Century Mortgage Company DBA Century Lending Company 2 6.13% $3,124
DHI MORTGAGE COMPANY, LTD. 1 3.99% $6,543
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 5.75% $6,959
Flagstar Bank, FSB 1 6.75% $5,908
GUILD MORTGAGE COMPANY 1 6.63% $7,349
Hometown Equity Mortgage, LLC 1 6.00% $7,472
Network Funding, L.P. 1 5.88% $16,958
PRIMELENDING, A PLAINSCAPITAL COMPANY 1 5.63% $8,386
SWBC MORTGAGE CORPORATION 1 6.50% $2,423
Wallick & Volk, Inc. 1 5.50% $5,090
CMG MORTGAGE, INC. 1 7.25% $8,273

The top Waco USDA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 2 USDA loans originated. Their average total fees are $10,213, which is $7,089 higher than the next largest lender, Century Mortgage Company DBA Century Lending 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 .