USDA Purchase Loan Growth by State

Government Loans
Origination Trends
Mortgage Markets
Map of the US shaded by the change in agency USDA purchase loans by state, January to July 2026 versus the same months of 2025. Loans rose 8.0% nationally, from 21,373 to 23,081. Alabama (+21%), Tennessee (+19%), Texas (+18%) and Arkansas (+18%) grew most among large markets. Ohio is the only one of the 12 largest markets that fell. Each state shows its loan count.
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Data Points
Chart | Change in agency USDA purchase loans by state, January to July 2026 vs January to July 2025 | by loan count Scope | Agency USDA Rural Housing purchase loans | August and September 2026 not shown because of securitization lag | Puerto Rico not mapped All states | about 21,400 loans in 2025 | about 23,100 in 2026 | up about 8% Fastest-growing large markets | Alabama, Tennessee, Texas, Arkansas | each up 18% to 21% Declines | Ohio down about 7% among the 12 largest markets | Wisconsin, Nebraska, New Mexico down more than 20% on smaller bases Full state series, with rate, loan amount, credit score, DTI and LTV | MBS Pivot

Which states are growing in USDA purchase loans?

Agency USDA purchase loans rose 8.0% from January to July 2025 to the same months of 2026, to 23,081. Alabama, Tennessee, Texas and Arkansas grew 18% to 21%. Of the 12 largest markets, only Ohio fell.
Date Published:
October 28, 2026
Date Updated:
October 28, 2026
Chart type:
Map
Suggested Citation:
Polygon Research, "USDA Purchase Loan Growth by State," Polygon Pulse – MBS Pivot, published October 28, 2026. Scope: agency USDA Rural Housing purchase loans, January to July 2026 vs January to July 2025. Metric: change in loan count by state. August and September 2026 are not shown because of securitization lag. Puerto Rico is not mapped. Accessed October 28, 2026.
Key insights

Agency USDA purchase loans rose 8.0% in the first seven months of 2026, from 21,373 to 23,081, and a short list of states supplied most of the gain. Alabama (+21%), Tennessee (+19%), Texas (+18%) and Arkansas (+18%) added about 890 loans between them, more than half of the national net increase. Of the 12 largest markets, only Ohio fell (-7%). Wisconsin (-21%), Nebraska (-23%) and New Mexico (-22%) fell hardest among states with at least 50 loans.

A growth rate needs its base. North Dakota is up 125%, which is 20 loans to 45. Alabama's 21% is 241 more loans. For a lender, the useful comparison is its own USDA growth by state against the state market, a peer group or a specific competitor, because that shows whether it is gaining or losing share where volume is moving.

MBS Pivot adds average note rate, loan amount, credit score, DTI and LTV for each state. Explore USDA lending in MBS Pivot.

Which states are growing in USDA purchase loans?

Alabama, Tennessee, Texas and Arkansas grew most among the large markets, at 18% to 21% each. Agency USDA purchase loans rose 8.0% nationally, from 21,373 to 23,081, between January to July 2025 and the same months of 2026.

Why does a state's growth rate need loan counts beside it?

Small bases swing widely. North Dakota rose 125% on 25 more loans, while Alabama rose 21% on 241 more.

Which states saw USDA purchase loans fall?

Of the 12 largest markets, only Ohio fell, by 7%. Wisconsin fell 21%, Nebraska 23% and New Mexico 22%, on smaller bases.

From Analysis to Action

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