Texas USDA Loan Rates, Closing Costs & Stats

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    • 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.

    Texas USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Texas averaged 6.36% for the week of 2023-01-27, compared to the national average (all USDA variants) of 6.195% for the same period.

    Texas's average USDA mortgage closing costs are $6,190.

    The average rate for the prior week (2023-01-20) was 6.15% and one month ago for the week of 2022-12-23, the average rate was 6.49%.

    The average rate one year ago was 3.64%.

    For refis of the same type during the week of 2023-01-27, the average rate was 5.88%.

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

    Texas 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 Texas level.

    Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
    DHI MORTGAGE COMPANY, LTD. 498 2.69% $6,086
    LOANDEPOT.COM, LLC 210 3.11% $7,235
    GUILD MORTGAGE COMPANY 119 3.12% $7,376
    AMCAP MORTGAGE, LTD. 110 2.97% $8,198
    PULTE MORTGAGE LLC 107 3.01% $3,685
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 101 3.25% $7,195
    CORNERSTONE HOME LENDING, INC. 92 3.16% $9,558
    MORTGAGE FINANCIAL SERVICES, LLC 92 2.91% $6,045
    Town Square Mortgage & Investments, Inc. 78 2.88% $4,128
    KBHS HOME LOANS, LLC 77 3.05% $8,283
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 77 3.03% $4,944
    SFMC, LP 65 3.03% $9,237
    EAGLE HOME MORTGAGE, LLC 61 3.08% $6,380
    CMG MORTGAGE, INC. 52 2.79% $8,145
    PENNYMAC LOAN SERVICES, LLC 48 2.81% $6,264
    INTERLINC MORTGAGE SERVICES, LLC 43 3.22% $5,624
    Flagstar Bank, FSB 42 2.77% $6,788
    CALIBER HOME LOANS, INC. 41 2.87% $6,919
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 40 3.09% $7,584
    Nations Lending Corporation 39 3.26% $5,071
    Paramount Residential Mortgage Group, Inc. 39 2.95% $8,389
    Gateway First Bank 36 3.19% $5,636
    PRIMARY RESIDENTIAL MORTGAGE, INC. 35 3.33% $6,407
    PLAZA HOME MORTGAGE, INC. 35 2.86% $6,571
    FBC MORTGAGE, LLC 34 2.84% $7,086
    Republic State Mortgage Co. 34 2.94% $6,926
    First Guaranty Mortgage Corporation 33 3.16% $8,226
    PRIMELENDING, A PLAINSCAPITAL COMPANY 33 3.36% $7,506
    HOME POINT FINANCIAL CORPORATION 33 2.83% $6,901
    Wallick & Volk, Inc. 32 3.16% $4,784
    CALCON MUTUAL MORTGAGE LLC 32 3.13% $7,721
    OPEN MORTGAGE, LLC 30 2.98% $6,714
    SOUTHWEST FUNDING, LP 29 3.10% $9,324
    GUARANTEED RATE, INC. 29 3.10% $7,294
    INSPIRE HOME LOANS INC. 29 3.03% $6,868
    MID AMERICA MORTGAGE, INC. 28 3.18% $5,349
    Colten Mortgage, LLC 27 2.73% $4,758
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 27 2.94% $7,631
    NATIONS RELIABLE LENDING, LLC 26 2.99% $7,197
    EUSTIS AND AMERICAN MORTGAGE COMPANY 26 2.93% $5,701
    First National Bank 25 2.79% $5,339
    THRIVE MORTGAGE, LLC 25 2.86% $7,742
    Carrington Mortgage Services, LLC 23 3.24% $7,542
    MOVEMENT MORTGAGE, LLC 21 2.98% $7,190
    FINANCE OF AMERICA MORTGAGE LLC 20 3.12% $6,702
    CROSSCOUNTRY MORTGAGE, LLC 20 3.15% $6,836
    AMERICAN FINANCIAL NETWORK, INC. 19 2.92% $9,738
    SWBC MORTGAGE CORPORATION 19 3.24% $4,895
    FIRST CENTENNIAL MORTGAGE CORPORATION 18 2.67% $6,308
    First Bank & Trust 18 3.05% $4,860
    Bank of England 17 3.10% $8,668
    LEADERONE FINANCIAL CORPORATION 17 3.04% $5,351
    CANOPY MORTGAGE, LLC 16 2.56% $8,101
    PILGRIM MORTGAGE LLC 16 3.00% $7,372
    EVERETT FINANCIAL, INC. 15 3.48% $5,476
    DAS Acquisition Company, LLC 15 3.11% $11,146
    Guaranty Bank & Trust, N.A. 15 2.73% $5,699
    Goldwater Bank, N.A. 14 3.13% $6,595
    AMERICAN PACIFIC MORTGAGE CORPORATION 14 3.01% $6,376
    HOMEBRIDGE FINANCIAL SERVICES, INC. 13 2.82% $7,520
    WILLOW BEND MORTGAGE COMPANY, LLC 13 2.75% $7,224
    Happy State Bank 12 2.74% $4,749
    UNITED WHOLESALE MORTGAGE, LLC 12 2.78% $7,611
    ANGEL OAK HOME LOANS LLC 11 2.85% $7,850
    UNIVERSITY Federal Credit Union 11 2.45% $7,226
    METROPLEX MORTGAGE SERVICES, INC. 11 3.00% $7,115
    LAKEVIEW LOAN SERVICING, LLC 11 3.03% $3,776
    Waterstone Mortgage Corporation 10 3.16% $7,093
    Citizens Bank 10 3.10% $5,396
    SECURITYNATIONAL MORTGAGE COMPANY 10 3.00% $8,473
    V.I.P. MORTGAGE, INC. 10 3.05% $7,821
    Independent Bank 9 3.06% $8,019
    HOMESIDE FINANCIAL, LLC 9 3.00% $7,219
    First United Bank and Trust Company 9 3.03% $6,109
    ADVISA MORTGAGE SERVICES, LTD. 9 3.08% $6,217
    M/I FINANCIAL, LLC 8 2.91% $7,782
    SENTE MORTGAGE, INC. 8 3.20% $7,039
    MUTUAL OF OMAHA MORTGAGE, INC. 8 2.58% $5,950
    Loan Simple, Inc. 8 3.20% $7,602
    First State Bank 8 2.63% $5,268
    AMERICA'S CHOICE HOME LOANS LP 8 2.75% $5,872
    Network Funding, L.P. 8 3.20% $6,981
    Trinity Oaks Mortgage, LLC 8 2.94% $7,734
    State Bank of De Kalb 8 2.75% $5,294
    UNION HOME MORTGAGE CORP. 8 2.86% $5,166
    ACADEMY MORTGAGE CORPORATION 8 3.27% $7,323
    First Financial Bank 7 3.11% $4,998
    VeraBank 7 3.30% $4,328
    HOME FINANCING UNLIMITED, INC. 7 2.79% $8,726
    Farmers Bank & Trust Company 7 2.46% $5,052
    Magnolia Bank 7 3.20% $3,616
    Amerifirst Financial, Inc. 7 2.96% $5,708
    City Bank 7 3.02% $5,044
    DRAPER AND KRAMER MORTGAGE CORP. 7 3.09% $6,652
    PLANET HOME LENDING, LLC 7 2.80% $6,328
    HOMETRUST MORTGAGE COMPANY 7 3.07% $6,647
    COUNTRYPLACE MORTGAGE, LTD. 7 3.14% $16,860
    RANLIFE, INC. 6 2.77% $7,549
    AMERICAN FINANCIAL RESOURCES, INC. 6 3.69% $6,611
    Assurance Financial Group, L.L.C. 6 2.90% $6,799
    First Bank 6 3.00% $7,453
    GENEVA FINANCIAL, LLC 6 2.83% $7,038
    J. VIRGIL, INC. 6 3.73% $6,847
    S1L, Inc. 6 3.23% $7,583
    NTFN, INC. 5 2.65% $6,874
    CHERRY CREEK MORTGAGE, LLC 5 2.58% $3,300
    Northpointe Bank 5 2.65% $7,151
    United Fidelity Funding Corp. 5 3.45% $4,870
    Flanagan State Bank 4 3.50% $7,607
    MICHIGAN MUTUAL, INC. 4 3.47% $8,676
    DIRECTIONS EQUITY, LLC 4 3.22% $7,376
    STEARNS LENDING, LLC 4 2.75% $6,646
    Austin Capital Bank SSB 4 2.94% $7,262
    BARTON CREEK LENDING GROUP, LLC 4 2.97% $7,005
    KELLER MORTGAGE, LLC 4 2.41% $5,994
    FREEDOM MORTGAGE CORPORATION 4 2.88% $9,382
    CHURCHILL MORTGAGE CORPORATION 4 3.09% $6,940
    Wells Fargo Bank 4 2.81% $4,834
    NEWREZ LLC 3 2.58% $7,711
    EASTMAN 3 3.25% $4,982
    GREAT WESTERN FINANCIAL SERVICES, INC. 3 2.83% $6,954
    Sierra Pacific Mortgage Company, Inc. 3 2.67% $5,945
    LHM FINANCIAL CORPORATION 3 2.96% $5,728
    ENVOY MORTGAGE, LTD 3 3.33% $7,095
    Hometown Lenders, Inc. 3 3.08% $6,640
    GMFS LLC 3 2.67% $7,375
    BancorpSouth Bank 3 3.04% $5,160
    First Savings Bank 2 2.56% $7,795
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 2 3.06% $6,472
    Amarillo National Bank 2 2.44% $5,005
    MORTGAGE SOLUTIONS OF COLORADO, LLC 2 3.00% $7,798
    First National Bank Texas 2 2.81% $5,956
    RELIANCE FIRST CAPITAL, LLC 2 2.88% $3,755
    Hometown Equity Mortgage, LLC 2 3.25% $6,389
    INTEGRITY MORTGAGE CORPORATION OF TEXAS 2 2.88% $7,440
    First Federal Bank 2 2.88% $7,340
    CERTAINTY HOME LOANS, LLC 2 2.81% $5,860
    FIRST CONTINENTAL MORTGAGE, LTD. 2 3.06% $5,656
    NATIONS DIRECT MORTGAGE, LLC 2 3.12% $4,698
    CADENCE LENDING GROUP, INC. 2 3.00% $6,004
    First American Bank 2 2.63% $4,914
    BBVA USA 2 2.75% $7,291
    Sunflower Bank 2 3.06% $6,344
    SUN WEST MORTGAGE COMPANY, INC. 2 3.00% $5,775
    T2 FINANCIAL LLC 2 3.38% $8,009
    Equity Prime Mortgage LLC 2 3.13% $6,596
    HANCOCK MORTGAGE PARTNERS, LLC 2 3.19% $5,716
    The Home Loan Expert LLC 2 2.75% $8,142
    TJC Mortgage, Inc. 2 2.81% $6,254
    TruHome Solutions, LLC 2 3.00% $5,939
    UNITED MORTGAGE CORP. 2 3.19% $6,839
    Atlantic Home Loans, Inc. 2 2.81% $6,582
    CLM MORTGAGE, INC 2 2.25% $6,445
    VAN DYK MORTGAGE CORPORATION 2 2.75% $3,706
    ASSOCIATED MORTGAGE CORPORATION 2 3.25% $4,724
    CITY FIRST MORTGAGE SERVICES, L.L.C. 2 2.63% $4,191
    South Pacific Financial Corporation 1 2.75% $8,637
    HAMILTON HOME LOANS, INC. 1 3.25% $8,459
    GUARANTY HOME MORTGAGE CORPORATION 1 2.75% $20,742
    Ixonia Bank 1 3.25% $8,026
    GUARANTEED RATE AFFINITY, LLC 1 3.13% $5,776
    LENDUS, LLC 1 2.75% $7,399
    F & M Bank 1 2.50% $7,228
    LRS FINANCIAL NETWORK, INC. 1 2.75% $4,396
    FLAT BRANCH MORTGAGE, INC. 1 2.63% $13,768
    FIRST SERVICE Credit Union 1 2.75% $4,866
    MORIA DEVELOPMENT, INC. 1 3.38% $4,662
    MOUNTAIN WEST FINANCIAL, INC. 1 2.63% $6,259
    FIDELITY BANK 1 3.50% $4,210
    Evolve Bank & Trust 1 3.88% $5,640
    OCEANSIDE MORTGAGE COMPANY 1 3.00% $2,146
    Origin Bank 1 2.50% $7,868
    PANORAMA MORTGAGE GROUP, LLC 1 3.50% $8,551
    PATRIOT MORTGAGE COMPANY 1 2.75% $7,845
    Eagle Bank and Trust Company 1 2.38% $5,201
    DATA MORTGAGE, INC. 1 3.88% $7,187
    PRIORITY HOME MORTGAGE, L.P. 1 2.75% $6,914
    1ST PREFERENCE MORTGAGE CORP. 1 3.38% $8,033
    Regions Bank 1 3.63% $2,857
    RESIDENTIAL BANCORP. 1 3.75% $5,857
    Affiliated Bank 1 2.88% $6,170
    Sabine State Bank and Trust Company 1 2.63% $6,304
    CELEBRITY HOME LOANS, LLC 1 3.38% $6,113
    Servion, Inc. 1 2.63% $12,085
    Simmons Bank 1 3.00% $5,314
    HOMESTEAD FUNDING CORP. 1 3.13% $2,467
    BROKER SOLUTIONS, INC. 1 2.25% $5,763
    STOCKTON MORTGAGE CORPORATION 1 2.38% $7,466
    Stride Bank 1 2.88% $6,484
    SUCCESS MORTGAGE PARTNERS, INC. 1 4.00% $6,001
    BAY EQUITY LLC 1 2.99% $6,995
    Texas Bank Financial 1 3.13% $5,529
    The Federal Savings Bank 1 2.25% $5,088
    THE MORTGAGE FIRM, INC. 1 3.25% $7,738
    TOP FLITE FINANCIAL, INC. 1 3.25% $6,189
    Barrington Bank & Trust Company, N.A. 1 2.88% $10,123
    Truist 1 3.00% $8,479
    Trustmark National Bank 1 2.88% $6,584
    UMB Bank 1 2.75% $7,056
    UNIVERSAL LENDING CORPORATION 1 2.25% $5,699
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 1 4.00% $6,740
    Victorian Finance, LLC 1 3.00% $5,887
    ASPIRE FINANCIAL, INC. 1 2.88% $9,027

    The top Texas USDA lender as defined by loan originations is DHI MORTGAGE COMPANY, LTD., with 498 USDA loans originated. Their average total fees are $6,086, which is $1,150 lower than the next largest lender, LOANDEPOT.COM, LLC.

    The lowest fee Texas USDA lenders (with over 10 loans originated) are PULTE MORTGAGE LLC ($3,685), LAKEVIEW LOAN SERVICING, LLC ($3,776), Town Square Mortgage & Investments, Inc. ($4,128), Happy State Bank ($4,749) and Colten Mortgage, LLC ($4,758).

    The lowest rate Texas USDA lenders (with over 10 loans originated) are UNIVERSITY Federal Credit Union (2.45%), CANOPY MORTGAGE, LLC (2.56%), FIRST CENTENNIAL MORTGAGE CORPORATION (2.67%), DHI MORTGAGE COMPANY, LTD. (2.69%) and Colten Mortgage, LLC (2.73%).