Ada USDA Loan Rates, Closing Costs & Stats

Ada, OK

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    • 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.

    Ada's 8 lenders originated 26 USDA loans during 2023. The total origination value was $3,780,000, with an average USDA loan value of $145,385.

    Ada USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Ada averaged 6.97% for the week of 2024-04-19, compared to the national average (all USDA variants) of 6.863% for the same period.

    Ada's average USDA mortgage closing costs are $3,683.

    The average rate for the prior week (2024-04-12) was 6.72% and one month ago for the week of 2024-03-15, the average rate was 6.51%.

    The average rate one year ago was 6.35%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.86%.

    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

    Ada 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 Ada level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Gateway First Bank 14 6.68% $6,195
    First United Bank and Trust Company 4 6.63% $5,423
    Chickasaw Community Bank 2 6.88% $5,130
    PLAZA HOME MORTGAGE, INC. 1 6.25% $4,576
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 6.38% $6,605
    UNION HOME MORTGAGE CORP. 1 7.25% $5,237
    FLAT BRANCH MORTGAGE, INC. 1 7.13% $5,284
    HOMESIDE FINANCIAL, LLC 1 5.63% $6,199

    The top Ada USDA lender as defined by loan originations is Gateway First Bank, with 14 USDA loans originated. Their average total fees are $6,195, which is $772 higher than the next largest lender, First United Bank and Trust Company.

    The lowest fee Ada USDA lenders (with over 10 loans originated) are Gateway First Bank ($6,195), .

    The lowest rate Ada USDA lenders (with over 10 loans originated) are Gateway First Bank (6.68%), .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Ada (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
    2018-01-01 $158,900 (10.7%) $203,975 (9.5%) 0.00 146
    2018-02-01 $151,000 (10.5%) $201,861 (18.6%) 0.00 141
    2018-03-01 $154,500 (5.0%) $199,552 (16.0%) 0.00 150
    2018-04-01 $152,450 (-1.7%) $196,581 (10.5%) 0.00 163
    2018-05-01 $152,425 (-3.5%) $187,886 (3.6%) 0.00 169
    2018-06-01 $154,500 (-7.8%) $184,424 (-1.8%) 0.00 181
    2018-07-01 $154,875 (0.0%) $184,877 (0.4%) 0.00 202
    2018-08-01 $149,975 (-0.4%) $178,496 (-3.3%) 0.00 212
    2018-09-01 $150,000 (1.4%) $178,718 (-4.0%) 0.00 212
    2018-10-01 $149,500 (-7.8%) $173,460 (-14.8%) 0.00 209
    2018-11-01 $144,950 (-6.5%) $168,703 (-14.7%) 0.00 195
    2018-12-01 $144,900 (-6.5%) $170,466 (-16.8%) 0.00 166
    2019-01-01 $142,200 (-10.5%) $171,727 (-15.8%) 0.00 150
    2019-02-01 $136,650 (-9.5%) $175,502 (-13.1%) 0.00 133
    2019-03-01 $141,471 (-8.4%) $182,279 (-8.7%) 0.00 132
    2019-04-01 $149,450 (-2.0%) $192,885 (-1.9%) 0.00 139
    2019-05-01 $150,000 (-1.6%) $192,848 (2.6%) 0.00 148
    2019-06-01 $154,950 (0.3%) $199,214 (8.0%) 0.00 152
    2019-07-01 $169,000 (9.1%) $199,320 (7.8%) 0.00 160
    2019-08-01 $161,382 (7.6%) $192,658 (7.9%) 0.00 155
    2019-09-01 $156,105 (4.1%) $186,407 (4.3%) 0.00 147
    2019-10-01 $152,586 (2.1%) $181,873 (4.9%) 0.00 140
    2019-11-01 $157,500 (8.7%) $181,011 (7.3%) 0.00 136
    2019-12-01 $138,150 (-4.7%) $168,453 (-1.2%) 0.00 143
    2020-01-01 $133,975 (-5.8%) $168,585 (-1.8%) 0.00 140
    2020-02-01 $129,500 (-5.2%) $168,129 (-4.2%) 0.00 134
    2020-03-01 $115,475 (-18.4%) $147,165 (-19.3%) 0.00 137
    2020-04-01 $124,125 (-17.0%) $154,464 (-19.9%) 0.00 133
    2020-05-01 $120,000 (-20.0%) $155,903 (-19.2%) 0.00 98
    2020-06-01 $118,750 (-23.4%) $146,475 (-26.5%) 0.00 108
    2020-07-01 $99,675 (-41.0%) $146,421 (-26.5%) 0.00 108
    2020-08-01 $109,900 (-31.9%) $145,684 (-24.4%) 0.00 100
    2020-09-01 $113,250 (-27.5%) $151,053 (-19.0%) 0.00 92
    2020-10-01 $114,500 (-25.0%) $160,456 (-11.8%) 0.00 103
    2020-11-01 $107,000 (-32.1%) $156,799 (-13.4%) 0.00 100
    2020-12-01 $120,600 (-12.7%) $166,478 (-1.2%) 0.00 93
    2021-01-01 $109,900 (-18.0%) $163,146 (-3.2%) 0.00 79
    2021-02-01 $104,675 (-19.2%) $178,922 (6.4%) 0.00 69
    2021-03-01 $97,200 (-15.8%) $179,707 (22.1%) 0.00 55
    2021-04-01 $106,075 (-14.5%) $209,493 (35.6%) 0.00 45
    2021-05-01 $123,500 (2.9%) $200,982 (28.9%) 0.00 41
    2021-06-01 $157,175 (32.4%) $222,798 (52.1%) 0.00 51
    2021-07-01 $172,400 (73.0%) $238,274 (62.7%) 0.00 60
    2021-08-01 $189,875 (72.8%) $245,368 (68.4%) 0.00 79
    2021-09-01 $199,925 (76.5%) $256,499 (69.8%) 0.00 84
    2021-10-01 $215,000 (87.8%) $270,231 (68.4%) 0.00 75
    2021-11-01 $215,000 (100.9%) $279,046 (78.0%) 0.00 62
    2021-12-01 $232,000 (92.4%) $358,250 (115.2%) 0.00 57
    2022-01-01 $219,400 (99.6%) $371,947 (128.0%) 0.00 55
    2022-02-01 $194,823 (86.1%) $360,056 (101.2%) 0.00 50
    2022-03-01 $179,450 (84.6%) $357,106 (98.7%) 0.00 46
    2022-04-01 $240,000 (126.3%) $370,931 (77.1%) 0.00 53
    2022-05-01 $244,475 (98.0%) $395,362 (96.7%) 0.00 59
    2022-06-01 $244,500 (55.6%) $371,933 (66.9%) 0.00 64
    2022-07-01 $260,000 (50.8%) $351,431 (47.5%) 0.00 60
    2022-08-01 $247,250 (30.2%) $348,438 (42.0%) 0.00 66
    2022-09-01 $251,950 (26.0%) $330,415 (28.8%) 0.00 69
    2022-10-01 $235,000 (9.3%) $321,263 (18.9%) 0.00 74
    2022-11-01 $236,200 (9.9%) $327,475 (17.4%) 0.00 88
    2022-12-01 $246,500 (6.3%) $403,449 (12.6%) 0.00 88
    2023-01-01 $227,600 (3.7%) $362,904 (-2.4%) 0.00 87
    2023-02-01 $259,500 (33.2%) $308,875 (-14.2%) 0.00 71
    2023-03-01 $247,000 (37.6%) $283,473 (-20.6%) 0.00 68
    2023-04-01 $249,500 (4.0%) $355,674 (-4.1%) 0.00 68
    2023-05-01 $265,000 (8.4%) $373,256 (-5.6%) 0.00 80
    2023-06-01 $256,725 (5.0%) $373,569 (0.4%) 0.00 79
    2023-07-01 $269,900 (3.8%) $392,444 (11.7%) 0.00 73
    2023-08-01 $209,250 (-15.4%) $335,288 (-3.8%) 0.00 91
    2023-09-01 $203,450 (-19.3%) $325,171 (-1.6%) 0.00 100
    2023-10-01 $201,225 (-14.4%) $267,308 (-16.8%) 0.00 92
    2023-11-01 $218,000 (-7.7%) $272,517 (-16.8%) 0.00 98
    2023-12-01 $222,450 (-9.8%) $291,199 (-27.8%) 0.00 94
    2024-01-01 $213,000 (-6.4%) $301,593 (-16.9%) 0.00 83
    2024-02-01 $228,450 (-12.0%) $316,200 (2.4%) 0.00 79
    2024-03-01 $226,000 (-8.5%) $335,642 (18.4%) 0.00 81
    Ada's median listing price for 2024-03-01 was $226,000, a difference of $-21,000 (-8.5%) versus the prior year and $-2,450 versus the prior month.

    Ada's median listing price comes in at 0% of the national average.

    Ada's average listing price for 2024-03-01 was $335,642, a difference of $52,169 (18.4%) versus the prior year and $19,442 versus the prior month.

    For the 2024-03-01 period, Ada had 81 MLS listings, a difference of 2 listings (3%) versus the prior month and 13 listings (19%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Ada (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,745 sqft
    2018-02-01 0 days 1,660 sqft
    2018-03-01 0 days 1,669 sqft
    2018-04-01 0 days 1,708 sqft
    2018-05-01 0 days 1,724 sqft
    2018-06-01 0 days 1,750 sqft
    2018-07-01 0 days 1,819 sqft
    2018-08-01 0 days 1,794 sqft
    2018-09-01 0 days 1,794 sqft
    2018-10-01 0 days 1,759 sqft
    2018-11-01 0 days 1,767 sqft
    2018-12-01 0 days 1,809 sqft
    2019-01-01 0 days 1,791 sqft
    2019-02-01 0 days 1,804 sqft
    2019-03-01 0 days 1,819 sqft
    2019-04-01 0 days 1,832 sqft
    2019-05-01 0 days 1,819 sqft
    2019-06-01 0 days 1,826 sqft
    2019-07-01 0 days 1,868 sqft
    2019-08-01 0 days 1,827 sqft
    2019-09-01 0 days 1,764 sqft
    2019-10-01 0 days 1,716 sqft
    2019-11-01 0 days 1,773 sqft
    2019-12-01 0 days 1,706 sqft
    2020-01-01 0 days 1,697 sqft
    2020-02-01 0 days 1,702 sqft
    2020-03-01 0 days 1,620 sqft
    2020-04-01 0 days 1,651 sqft
    2020-05-01 0 days 1,584 sqft
    2020-06-01 0 days 1,523 sqft
    2020-07-01 0 days 1,530 sqft
    2020-08-01 0 days 1,520 sqft
    2020-09-01 0 days 1,558 sqft
    2020-10-01 0 days 1,504 sqft
    2020-11-01 0 days 1,462 sqft
    2020-12-01 0 days 1,635 sqft
    2021-01-01 0 days 1,388 sqft
    2021-02-01 0 days 1,436 sqft
    2021-03-01 0 days 1,419 sqft
    2021-04-01 0 days 1,328 sqft
    2021-05-01 0 days 1,554 sqft
    2021-06-01 0 days 1,670 sqft
    2021-07-01 0 days 1,669 sqft
    2021-08-01 0 days 1,751 sqft
    2021-09-01 0 days 1,769 sqft
    2021-10-01 0 days 1,773 sqft
    2021-11-01 0 days 1,789 sqft
    2021-12-01 0 days 1,873 sqft
    2022-01-01 0 days 1,754 sqft
    2022-02-01 0 days 1,610 sqft
    2022-03-01 0 days 1,661 sqft
    2022-04-01 0 days 1,839 sqft
    2022-05-01 0 days 1,980 sqft
    2022-06-01 0 days 1,916 sqft
    2022-07-01 0 days 1,792 sqft
    2022-08-01 0 days 1,914 sqft
    2022-09-01 0 days 1,914 sqft
    2022-10-01 0 days 1,816 sqft
    2022-11-01 0 days 1,854 sqft
    2022-12-01 0 days 1,848 sqft
    2023-01-01 0 days 1,806 sqft
    2023-02-01 0 days 1,905 sqft
    2023-03-01 0 days 1,850 sqft
    2023-04-01 0 days 1,840 sqft
    2023-05-01 0 days 1,986 sqft
    2023-06-01 0 days 1,928 sqft
    2023-07-01 0 days 2,050 sqft
    2023-08-01 0 days 1,883 sqft
    2023-09-01 0 days 1,855 sqft
    2023-10-01 0 days 1,885 sqft
    2023-11-01 0 days 1,857 sqft
    2023-12-01 0 days 1,794 sqft
    2024-01-01 0 days 1,744 sqft
    2024-02-01 0 days 1,644 sqft
    2024-03-01 0 days 1,758 sqft
    Ada's median listing age (time on market) for 2024-03-01 was 0 days.

    Ada's median square footage for active listings during the 2024-03-01 period was 1,758 sqft. One year prior, the average listing was 1,850 sqft.