Texas USDA Loan Rates, Closing Costs & Stats

Texas

  • JUMP TO:
  • Trends
  • Rates vs Fees
  • Top Lenders
  • Markets

    • 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 6.41% for the week of 2024-04-19, compared to the national average (all USDA variants) of 6.863% for the same period.

    Texas's average USDA mortgage closing costs are $6,523.

    The average rate for the prior week (2024-04-12) was 6.46% and one month ago for the week of 2024-03-15, the average rate was 6.54%.

    The average rate one year ago was 5.88%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.71%.

    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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    DHI MORTGAGE COMPANY, LTD. 107 5.03% $7,968
    EAGLE HOME MORTGAGE, LLC 103 4.83% $7,683
    GUILD MORTGAGE COMPANY 68 6.38% $8,969
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 54 6.43% $8,244
    UNITED WHOLESALE MORTGAGE, LLC 49 6.31% $10,259
    PRIMELENDING, A PLAINSCAPITAL COMPANY 38 6.50% $8,816
    CARDINAL FINANCIAL 31 6.25% $9,167
    CMG MORTGAGE, INC. 28 5.33% $13,026
    CORNERSTONE HOME LENDING, INC. 25 5.82% $8,905
    LOANDEPOT.COM, LLC 22 5.94% $9,441
    EVERETT FINANCIAL, INC. 20 6.76% $8,061
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 20 6.32% $7,204
    OPEN MORTGAGE, LLC 19 6.24% $7,692
    FLAT BRANCH MORTGAGE, INC. 18 6.51% $6,531
    SFMC, LP 16 6.05% $14,198
    Nations Lending Corporation 16 6.59% $5,926
    PLAZA HOME MORTGAGE, INC. 16 5.93% $10,633
    AMCAP MORTGAGE, LTD. 15 6.58% $9,565
    MORTGAGE FINANCIAL SERVICES, LLC 13 6.41% $6,634
    DRAPER AND KRAMER MORTGAGE CORP. 13 6.68% $9,082
    THRIVE MORTGAGE, LLC 11 6.36% $8,769
    T2 FINANCIAL LLC 11 6.66% $7,196
    Flagstar Bank, FSB 11 6.54% $7,837
    Republic State Mortgage Co. 10 6.13% $7,357
    KBHS HOME LOANS, LLC 9 5.93% $12,889
    UNION HOME MORTGAGE CORP. 9 6.57% $11,154
    SWBC MORTGAGE CORPORATION 9 6.17% $5,175
    CROSSCOUNTRY MORTGAGE, LLC 9 6.58% $9,754
    Equity Prime Mortgage LLC 9 6.82% $7,226
    Paramount Residential Mortgage Group, Inc. 9 6.46% $9,842
    NEWREZ LLC 9 6.92% $8,232
    MOVEMENT MORTGAGE, LLC 8 6.14% $9,371
    Plains Commerce Bank 7 6.14% $10,573
    Century Mortgage Company DBA Century Lending Company 7 6.57% $8,967
    FBC MORTGAGE, LLC 6 5.71% $8,834
    AMERICAN FINANCIAL RESOURCES, INC. 6 6.77% $8,165
    Guaranty Bank & Trust, N.A. 6 6.40% $5,924
    EUSTIS AND AMERICAN MORTGAGE COMPANY 6 6.73% $6,981
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 6 6.48% $8,143
    HOMEBRIDGE FINANCIAL SERVICES, INC. 6 6.00% $11,258
    Network Funding, L.P. 6 6.83% $6,462
    INTERLINC MORTGAGE SERVICES, LLC 6 6.98% $4,973
    PULTE MORTGAGE LLC 5 5.55% $3,695
    Wallick & Volk, Inc. 5 6.55% $4,078
    SECURITYNATIONAL MORTGAGE COMPANY 4 6.13% $9,520
    GUARANTEED RATE, INC. 4 6.30% $9,649
    BancorpSouth 4 6.38% $8,272
    Gateway First Bank 4 6.75% $5,988
    METROPLEX MORTGAGE SERVICES, INC. 4 7.03% $6,816
    Bank of England 4 6.53% $12,060
    FIRST CENTENNIAL MORTGAGE CORPORATION 4 5.88% $10,035
    First United Bank and Trust Company 3 6.33% $9,022
    S1L, Inc. 3 5.96% $8,805
    CANOPY MORTGAGE, LLC 3 6.92% $12,369
    CALCON MUTUAL MORTGAGE LLC 3 6.29% $12,668
    Farmers Bank & Trust Company 3 6.25% $11,492
    TIB The Independent Bankersbank 3 6.83% $7,137
    ACADEMY MORTGAGE CORPORATION 3 6.33% $9,041
    Ixonia Bank 3 7.17% $8,573
    MID AMERICA MORTGAGE, INC. 3 6.92% $10,714
    CHURCHILL MORTGAGE CORPORATION 3 6.75% $13,659
    Magnolia Bank 3 6.63% $6,544
    Mortgage Research Center, LLC 3 5.50% $6,304
    V.I.P. MORTGAGE, INC. 3 5.67% $7,520
    LOANPEOPLE, LLC 3 6.83% $9,008
    MORTGAGE SOLUTIONS OF COLORADO, LLC 3 6.13% $10,874
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 3 5.92% $9,419
    City Bank 3 6.13% $7,628
    AMERICAN PACIFIC MORTGAGE CORPORATION 3 6.17% $11,965
    Citizens Bank 3 6.21% $8,210
    PRIMARY RESIDENTIAL MORTGAGE, INC. 2 7.00% $7,774
    Amarillo National Bank 2 5.63% $5,524
    FIRST COMMUNITY MORTGAGE, INC. 2 6.31% $8,972
    First Financial Bank 2 6.50% $6,465
    GARDNER FINANCIAL SERVICES, LTD. 2 7.19% $10,415
    GENEVA FINANCIAL, LLC 2 6.81% $14,473
    Goldwater Bank, N.A. 2 6.38% $8,552
    HOME FINANCING UNLIMITED, INC. 2 5.50% $9,880
    Independent Bank 2 6.69% $5,778
    K. HOVNANIAN AMERICAN MORTGAGE, L.L.C. 2 6.44% $12,209
    LEGEND LENDING CORPORATION 2 6.56% $10,604
    M/I FINANCIAL, LLC 2 5.69% $15,018
    MUTUAL OF OMAHA MORTGAGE, INC. 2 6.44% $7,288
    NATIONS RELIABLE LENDING, LLC 2 6.69% $9,582
    Neighborhood Loans, Inc. 2 6.00% $11,766
    PATRIOT MORTGAGE COMPANY 2 5.94% $15,437
    PLANET HOME LENDING, LLC 2 6.38% $7,375
    Stride Bank 2 6.88% $10,433
    SUCCESS MORTGAGE PARTNERS, INC. 2 6.31% $9,101
    SUMMIT FUNDING, INC. 2 6.75% $10,722
    Town Square Mortgage & Investments, Inc. 2 6.88% $7,234
    UNIVERSITY Federal Credit Union 2 5.94% $7,279
    VILLAGE CAPITAL MORTGAGE 2 6.38% $10,237
    HOMESTEAD FUNDING CORP. 1 6.75% $5,855
    GUARANTY HOME MORTGAGE CORPORATION 1 5.50% $3,570
    NFM, INC. 1 8.50% $6,872
    NP, Inc. 1 7.13% $8,277
    NTFN, INC. 1 5.63% $8,564
    FirstTrust Home Loans, Inc. 1 6.13% $10,543
    Origin Bank 1 7.49% $5,459
    PACIFIC RESIDENTIAL MORTGAGE, LLC 1 7.75% $10,665
    First State Bank 1 7.63% $9,473
    Affiliated Bank 1 6.25% $8,216
    First Option Mortgage, LLC 1 6.63% $6,332
    VELOCIO MORTGAGE L.L.C. 1 5.99% $3,344
    First National Bank 1 6.25% $5,655
    PNC Bank 1 7.75% $4,206
    1ST SIGNATURE LENDING, LLC 1 6.13% $11,038
    First Federal Bank 1 6.50% $11,757
    First American Bank 1 6.63% $5,072
    RANLIFE, INC. 1 6.13% $7,610
    Red River Bank 1 6.50% $5,530
    Regions Bank 1 5.88% $14,272
    RELIANCE FIRST CAPITAL, LLC 1 7.63% $4,396
    ENVOY MORTGAGE, LTD 1 6.00% $9,535
    DSLD MORTGAGE, LLC 1 5.88% $13,302
    DIRECTIONS EQUITY, LLC 1 4.99% $5,216
    Security State Bank & Trust 1 5.88% $6,287
    SENTE MORTGAGE, INC. 1 5.75% $19,779
    Cornerstone First Mortgage, Inc 1 7.13% $6,328
    Sierra Pacific Mortgage Company, Inc. 1 6.13% $8,527
    South Pacific Financial Corporation 1 6.50% $7,986
    State Bank of De Kalb 1 6.25% $8,394
    VeraBank 1 6.75% $5,379
    VERITAS FUNDING, LLC 1 6.13% $9,521
    Wells Fargo Bank 1 5.63% $8,008
    SUN WEST MORTGAGE COMPANY, INC. 1 5.13% $11,592
    CITY FIRST MORTGAGE SERVICES, L.L.C. 1 7.75% $7,367
    Carrington Mortgage Services, LLC 1 7.63% $8,968
    THE MORTGAGE LINK, INC. 1 6.13% $13,354
    BROKER SOLUTIONS, INC. 1 6.75% $7,109
    Bank of Colorado 1 5.63% $9,471
    MICHIGAN MUTUAL, INC. 1 7.63% $6,435
    TJC Mortgage, Inc. 1 5.50% $13,576
    MANN FINANCIAL INC. 1 6.88% $8,142
    Loan Simple, Inc. 1 7.13% $15,088
    LEADERONE FINANCIAL CORPORATION 1 6.25% $6,713
    MOUNTAIN WEST FINANCIAL, INC. 1 6.38% $6,488
    Keystone Funding, Inc. 1 6.49% $5,914
    AMERICAN FINANCIAL NETWORK, INC. 1 7.75% $7,268
    INSPIRE HOME LOANS INC. 1 5.75% $7,372
    Assurance Financial Group, L.L.C. 1 6.13% $8,693
    NBH Bank 1 6.50% $5,382
    AMERICAN FINANCING CORPORATION 1 5.63% $9,507

    The top Texas USDA lender as defined by loan originations is DHI MORTGAGE COMPANY, LTD., with 107 USDA loans originated. Their average total fees are $7,968, which is $285 higher than the next largest lender, EAGLE HOME MORTGAGE, LLC.

    The lowest fee Texas USDA lenders (with over 10 loans originated) are Nations Lending Corporation ($5,926), FLAT BRANCH MORTGAGE, INC. ($6,531), MORTGAGE FINANCIAL SERVICES, LLC ($6,634), T2 FINANCIAL LLC ($7,196) and ARK-LA-TEX FINANCIAL SERVICES, LLC. ($7,204).

    The lowest rate Texas USDA lenders (with over 10 loans originated) are EAGLE HOME MORTGAGE, LLC (4.83%), DHI MORTGAGE COMPANY, LTD. (5.03%), CMG MORTGAGE, INC. (5.33%), CORNERSTONE HOME LENDING, INC. (5.82%) and PLAZA HOME MORTGAGE, INC. (5.93%).