Average USDA Purchase Loan Amount by State

Government Loans
Origination Trends
Mortgage Markets
Map of the US shaded by average loan amount on agency USDA purchase loans, January to July 2026. The national average is $215,065. Averages are lowest in Illinois ($141,731), Kansas ($154,468) and Iowa ($162,420). Thirteen states are above $300,000, nine of them in the West, and Hawaii is highest at $423,722 on 18 loans.
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Data Points
Chart | Average loan amount on agency USDA purchase loans by state | January to July 2026 Scope | Agency USDA Rural Housing purchase loans | August and September 2026 not shown because of securitization lag | Puerto Rico not mapped | Rhode Island blank (1 loan) All states | about $215,000 average Lowest | Illinois about $142,000 | Kansas about $154,000 | Iowa about $162,000 Highest | 13 states above $300,000, nine in the West | Hawaii about $424,000 on 18 loans Full state series, with year-over-year change, note rate, credit score, DTI and LTV | MBS Pivot

How big is the average USDA purchase loan in each state?

The average agency USDA purchase loan was $215,065 from January to July 2026. It ranged from $141,731 in Illinois to above $300,000 in 13 states, and $423,722 in Hawaii on 18 loans.
Date Published:
October 28, 2026
Date Updated:
October 28, 2026
Chart type:
Map
Suggested Citation:
Polygon Research, "Average USDA Purchase Loan Amount by State," Polygon Pulse – MBS Pivot, published October 28, 2026. Scope: agency USDA Rural Housing purchase loans, January to July 2026. Metric: average loan amount by state. Rhode Island is blank (1 loan). August and September 2026 are not shown because of securitization lag. Puerto Rico is not mapped. Accessed October 28, 2026.
Key insights

The average agency USDA purchase loan was $215,065 in the first seven months of 2026, and the average by state ranges from $141,731 in Illinois to above $300,000 in 13 states. Nine are in the West: Hawaii, Alaska, Utah, Idaho, Washington, Oregon, Nevada, California and Colorado. The other four are Connecticut, Massachusetts, Delaware and Maryland. Hawaii is highest at $423,722, on 18 loans. Kansas ($154,468) and Iowa ($162,420) sit near Illinois.

The largest markets sit in between. Missouri averages $183,204, Louisiana $200,350, Texas $241,597, Tennessee $243,414 and North Carolina $262,520. A USDA loan in Illinois averages about 40% less than one in Texas, so revenue that scales with loan amount, such as origination compensation, differs by market even when loan counts match.

MBS Pivot adds year-over-year change in loan amount, along with average note rate, credit score, DTI and LTV, for each state. Explore USDA lending in MBS Pivot.

How big is the average USDA purchase loan in each state?

The national average was $215,065 from January to July 2026. It runs from $141,731 in Illinois to above $300,000 in 13 states, with Hawaii highest at $423,722 on 18 loans.

Which states have the largest USDA purchase loans?

Thirteen states average above $300,000: Hawaii, Alaska, Utah, Idaho, Washington, Oregon, Nevada, California, Colorado, Connecticut, Massachusetts, Delaware and Maryland. Several have fewer than 40 loans, so their averages move with a few loans.

Which states have the smallest USDA purchase loans?

Illinois ($141,731), Kansas ($154,468) and Iowa ($162,420) average under $165,000.

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