Texas USDA Loan Rates, Closing Costs & Stats

Texas

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%).