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 6.26% for the week of 2024-03-01, compared to the national average (all USDA variants) of 6.729% for the same period.

Texas's average USDA mortgage closing costs are $6,365.

The average rate for the prior week (2024-02-23) was 6.21% and one month ago for the week of 2024-01-26, the average rate was 6.27%.

The average rate one year ago was 5.93%.

For refis of the same type during the week of 2024-03-01, the average rate was 5.49%.

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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
DHI MORTGAGE COMPANY, LTD. 160 3.73% $7,901
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 58 4.90% $8,133
GUILD MORTGAGE COMPANY 53 4.83% $8,082
AMCAP MORTGAGE, LTD. 47 4.78% $9,157
CMG MORTGAGE, INC. 45 4.91% $9,807
EVERETT FINANCIAL, INC. 45 4.96% $4,936
UNITED WHOLESALE MORTGAGE, LLC 43 4.85% $8,718
LOANDEPOT.COM, LLC 41 4.70% $9,943
MORTGAGE FINANCIAL SERVICES, LLC 40 4.63% $6,103
Flagstar Bank, FSB 34 3.90% $7,638
Nations Lending Corporation 33 5.15% $5,654
ARK-LA-TEX FINANCIAL SERVICES, LLC. 32 4.52% $5,495
PRIMELENDING, A PLAINSCAPITAL COMPANY 31 5.75% $7,946
HOME POINT FINANCIAL CORPORATION 31 4.64% $7,571
CARDINAL FINANCIAL 29 4.85% $8,703
PLAZA HOME MORTGAGE, INC. 28 4.67% $9,777
CALIBER HOME LOANS, INC. 27 4.30% $8,025
EUSTIS AND AMERICAN MORTGAGE COMPANY 26 4.51% $6,604
PENNYMAC LOAN SERVICES, LLC 24 3.14% $6,233
EAGLE HOME MORTGAGE, LLC 23 4.38% $7,609
CORNERSTONE HOME LENDING, INC. 23 4.94% $9,350
DRAPER AND KRAMER MORTGAGE CORP. 21 4.99% $7,916
KBHS HOME LOANS, LLC 21 4.13% $11,042
PULTE MORTGAGE LLC 19 4.34% $5,021
Gateway First Bank 16 4.78% $5,660
GUARANTEED RATE, INC. 15 4.87% $7,979
OPEN MORTGAGE, LLC 14 5.53% $8,071
INTERLINC MORTGAGE SERVICES, LLC 14 4.77% $5,766
Paramount Residential Mortgage Group, Inc. 13 4.12% $11,023
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 13 4.76% $7,390
SOUTHWEST FUNDING, LP 12 5.43% $10,405
SFMC, LP 12 4.30% $11,139
NATIONS RELIABLE LENDING, LLC 12 5.31% $7,983
Republic State Mortgage Co. 11 5.68% $6,331
FBC MORTGAGE, LLC 10 4.69% $8,344
Wallick & Volk, Inc. 10 5.09% $6,141
FLAT BRANCH MORTGAGE, INC. 10 4.88% $6,471
CROSSCOUNTRY MORTGAGE, LLC 10 5.53% $10,680
PRIMARY RESIDENTIAL MORTGAGE, INC. 9 5.11% $7,860
ACADEMY MORTGAGE CORPORATION 9 5.93% $9,845
Network Funding, L.P. 8 4.88% $8,414
FINANCE OF AMERICA MORTGAGE LLC 8 4.09% $6,838
T2 FINANCIAL LLC 8 4.98% $10,828
UNION HOME MORTGAGE CORP. 8 5.11% $7,297
Loan Simple, Inc. 7 4.04% $8,999
CANOPY MORTGAGE, LLC 6 5.54% $9,398
INSPIRE HOME LOANS INC. 6 4.23% $12,434
Equity Prime Mortgage LLC 6 6.38% $8,957
Town Square Mortgage & Investments, Inc. 6 4.02% $5,969
MID AMERICA MORTGAGE, INC. 6 4.63% $8,342
THRIVE MORTGAGE, LLC 6 5.56% $8,400
Assurance Financial Group, L.L.C. 6 5.08% $7,795
FIRST CENTENNIAL MORTGAGE CORPORATION 6 4.58% $7,635
RANLIFE, INC. 6 4.54% $8,645
AMERICAN PACIFIC MORTGAGE CORPORATION 5 4.40% $7,800
SWBC MORTGAGE CORPORATION 5 4.75% $6,934
City Bank 5 4.60% $7,884
PLANET HOME LENDING, LLC 5 3.85% $6,422
ANGEL OAK HOME LOANS LLC 5 3.78% $8,825
Goldwater Bank, N.A. 5 4.75% $7,541
Guaranty Bank & Trust, N.A. 5 4.18% $6,451
First Bank & Trust 4 4.53% $4,830
HOMEBRIDGE FINANCIAL SERVICES, INC. 4 5.38% $7,259
WILLOW BEND MORTGAGE COMPANY, LLC 4 4.81% $9,029
LEADERONE FINANCIAL CORPORATION 4 5.88% $7,837
LEGEND LENDING CORPORATION 4 5.66% $11,569
LRS FINANCIAL NETWORK, INC. 4 5.56% $5,291
Prosperity Home Mortgage, LLC 4 4.90% $7,472
Century Mortgage Company DBA Century Lending Company 4 5.40% $9,842
Centennial Bank 4 5.31% $5,925
BROKER SOLUTIONS, INC. 4 6.53% $10,259
SECURITYNATIONAL MORTGAGE COMPANY 4 4.44% $8,596
First Financial Bank 4 5.81% $6,431
MOVEMENT MORTGAGE, LLC 4 4.47% $11,135
DAS Acquisition Company, LLC 3 4.33% $16,052
AMERICAN FINANCIAL RESOURCES, INC. 3 5.58% $6,768
Amerifirst Financial, Inc. 3 5.38% $7,215
ASPIRE FINANCIAL, INC. 3 3.71% $7,358
BancorpSouth 3 4.54% $5,338
CERTAINTY HOME LOANS, LLC 3 4.54% $7,861
CHERRY CREEK MORTGAGE, LLC 3 5.21% $2,587
First National Bank 3 4.17% $6,129
GENEVA FINANCIAL, LLC 3 5.04% $8,177
HOMESIDE FINANCIAL, LLC 3 4.00% $6,841
LOANPEOPLE, LLC 3 5.79% $8,589
METROPLEX MORTGAGE SERVICES, INC. 3 5.67% $8,400
MICHIGAN MUTUAL, INC. 3 5.79% $11,563
Mortgage Research Center, LLC 3 5.08% $2,644
MORTGAGE SOLUTIONS OF COLORADO, LLC 3 4.33% $7,930
NTFN, INC. 3 3.92% $7,391
Sabine State Bank and Trust Company 3 4.29% $5,820
TIB The Independent Bankersbank 3 4.92% $4,437
Trinity Oaks Mortgage, LLC 3 4.79% $8,308
Wells Fargo Bank 3 6.21% $4,575
First State Bank 2 4.56% $6,525
V.I.P. MORTGAGE, INC. 2 5.12% $12,170
MANN FINANCIAL INC. 2 4.50% $6,949
VeraBank 2 4.94% $5,520
South Pacific Financial Corporation 2 3.50% $9,207
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 2 4.50% $7,193
MUTUAL OF OMAHA MORTGAGE, INC. 2 4.00% $13,542
Stride Bank 2 5.13% $8,219
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 2 5.19% $10,456
Sunflower Bank 2 5.19% $9,278
First United Bank and Trust Company 2 3.56% $8,745
1ST PREFERENCE MORTGAGE CORP. 2 4.25% $15,691
GUARANTY HOME MORTGAGE CORPORATION 2 5.63% $9,881
The Home Loan Expert LLC 2 5.06% $7,946
Bank of England 2 3.88% $12,798
Farmers Bank & Trust Company 2 4.25% $6,936
CITY FIRST MORTGAGE SERVICES, L.L.C. 2 5.19% $8,212
Austin Capital Bank SSB 2 5.44% $11,472
Citizens Bank 2 5.25% $10,263
HOMETRUST MORTGAGE COMPANY 2 5.19% $7,759
CHURCHILL MORTGAGE CORPORATION 2 5.88% $8,724
M/I FINANCIAL, LLC 2 4.44% $8,126
Ixonia Bank 2 6.19% $5,921
Carrington Mortgage Services, LLC 2 5.06% $7,816
LAKEVIEW LOAN SERVICING, LLC 2 3.13% $3,715
S1L, Inc. 2 5.50% $7,151
Magnolia Bank 2 4.56% $4,392
CALCON MUTUAL MORTGAGE LLC 2 4.88% $10,427
SENTE MORTGAGE, INC. 2 5.50% $6,738
State Bank of De Kalb 1 5.75% $6,215
SUCCESS MORTGAGE PARTNERS, INC. 1 4.50% $10,204
SUN WEST MORTGAGE COMPANY, INC. 1 4.65% $7,829
BAYSHORE MORTGAGE FUNDING, LLC 1 5.63% $6,946
BAY EQUITY LLC 1 2.88% $13,793
Waterstone Mortgage Corporation 1 4.50% $8,769
TJC Mortgage, Inc. 1 4.00% $6,978
Amarillo National Bank 1 3.50% $4,054
Hometown Lenders, Inc. 1 7.00% $7,349
Hometown Equity Mortgage, LLC 1 3.50% $5,808
HOME FINANCING UNLIMITED, INC. 1 5.63% $5,278
LAND HOME FINANCIAL SERVICES, INC. 1 6.13% $7,186
HANCOCK MORTGAGE PARTNERS, LLC 1 4.13% $7,057
HAMILTON HOME LOANS, INC. 1 3.99% $7,158
LIBERTY HOME MORTGAGE CORPORATION 1 5.63% $10,075
LHM FINANCIAL CORPORATION 1 4.00% $8,706
AMERICA'S CHOICE HOME LOANS LP 1 5.38% $7,637
Florida Capital Bank 1 4.50% $8,505
UNIVERSITY Federal Credit Union 1 3.50% $8,039
Midwest Mortgage Associates Corporation 1 4.75% $7,667
MORIA DEVELOPMENT, INC. 1 3.50% $9,012
U.S. Bank 1 4.63% $4,187
First Guaranty Mortgage Corporation 1 4.50% $11,931
First Bank 1 5.75% $7,090
FIDELITY BANK 1 5.25% $6,754
Neighborhood Loans, Inc. 1 5.38% $19,933
NEWREZ LLC 1 4.75% $9,069
NFM, INC. 1 6.13% $8,494
Northpointe Bank 1 5.25% $6,664
EVERGREEN MONEYSOURCE MORTGAGE COMPANY 1 6.13% $7,747
DIRECTIONS EQUITY, LLC 1 4.25% $9,542
DELMAR FINANCIAL COMPANY 1 5.25% $7,339
PILGRIM MORTGAGE LLC 1 5.25% $9,501
Plains Commerce Bank 1 7.25% $11,054
DATA MORTGAGE, INC. 1 5.88% $19,134
COUNTRYPLACE MORTGAGE, LTD. 1 3.25% $16,684
Colten Mortgage, LLC 1 3.00% $4,798
Regions Bank 1 5.25% $7,670
American Bank of Oklahoma 1 7.13% $7,277
Servion, Inc. 1 4.50% $6,915
CADENCE LENDING GROUP, INC. 1 3.00% $5,387
Sierra Pacific Mortgage Company, Inc. 1 5.25% $6,572
Simmons Bank 1 5.63% $4,703
BNC National Bank 1 5.13% $5,017

The top Texas USDA lender as defined by loan originations is DHI MORTGAGE COMPANY, LTD., with 160 USDA loans originated. Their average total fees are $7,901, which is $232 lower than the next largest lender, FAIRWAY INDEPENDENT MORTGAGE CORPORATION.

The lowest fee Texas USDA lenders (with over 10 loans originated) are EVERETT FINANCIAL, INC. ($4,936), PULTE MORTGAGE LLC ($5,021), ARK-LA-TEX FINANCIAL SERVICES, LLC. ($5,495), Nations Lending Corporation ($5,654) and Gateway First Bank ($5,660).

The lowest rate Texas USDA lenders (with over 10 loans originated) are PENNYMAC LOAN SERVICES, LLC (3.14%), DHI MORTGAGE COMPANY, LTD. (3.73%), Flagstar Bank, FSB (3.90%), Paramount Residential Mortgage Group, Inc. (4.12%) and KBHS HOME LOANS, LLC (4.13%).