Andrews USDA Loan Rates, Closing Costs & Stats

Andrews, TX

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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.

    Andrews's 3 lenders originated 4 USDA loans during 2023. The total origination value was $770,000, with an average USDA loan value of $192,500.

    Andrews USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Andrews averaged 6.22% for the week of 2024-12-13, compared to the national average (all USDA variants) of 6.303% for the same period.

    Andrews's average USDA mortgage closing costs are $6,482.

    The average rate for the prior week (2024-12-06) was 6.66% and one month ago for the week of 2024-11-08, the average rate was 6.47%.

    The average rate one year ago was 6.74%.

    For refis of the same type during the week of 2024-12-13, the average rate was 6.2%.

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

    Andrews 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 Andrews level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 2 6.00% $7,199
    AMERICAN FINANCING CORPORATION 1 5.63% $9,507
    INTERLINC MORTGAGE SERVICES, LLC 1 7.13% $5,599

    The top Andrews USDA lender as defined by loan originations is ARK-LA-TEX FINANCIAL SERVICES, LLC., with 2 USDA loans originated. Their average total fees are $7,199, which is $2,308 lower than the next largest lender, AMERICAN FINANCING CORPORATION.

    The lowest fee Andrews USDA lenders (with over 10 loans originated) are .

    The lowest rate Andrews USDA lenders (with over 10 loans originated) are .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Andrews (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 $213,750 (13.0%) $246,342 (5.0%) 0.00 80
    2018-02-01 $223,000 (11.5%) $269,809 (10.8%) 0.00 81
    2018-03-01 $227,000 (6.3%) $268,516 (12.7%) 0.00 81
    2018-04-01 $229,500 (5.3%) $275,178 (11.6%) 0.00 74
    2018-05-01 $240,000 (9.8%) $288,837 (19.6%) 0.00 66
    2018-06-01 $240,000 (9.3%) $288,926 (19.0%) 0.00 59
    2018-07-01 $261,225 (21.5%) $308,279 (33.3%) 0.00 57
    2018-08-01 $266,500 (35.0%) $309,976 (39.0%) 0.00 45
    2018-09-01 $235,000 (19.6%) $286,384 (22.2%) 0.00 41
    2018-10-01 $219,250 (9.8%) $271,798 (13.8%) 0.00 40
    2018-11-01 $229,225 (14.9%) $277,547 (18.6%) 0.00 41
    2018-12-01 $193,950 (-9.3%) $263,231 (9.8%) 0.00 47
    2019-01-01 $216,200 (1.2%) $265,605 (7.8%) 0.00 46
    2019-02-01 $232,975 (4.5%) $262,576 (-2.7%) 0.00 55
    2019-03-01 $247,734 (9.1%) $259,005 (-3.5%) 0.00 53
    2019-04-01 $281,140 (22.5%) $265,715 (-3.4%) 0.00 51
    2019-05-01 $277,370 (15.6%) $290,354 (0.5%) 0.00 50
    2019-06-01 $290,507 (21.0%) $301,730 (4.4%) 0.00 47
    2019-07-01 $268,695 (2.9%) $275,169 (-10.7%) 0.00 51
    2019-08-01 $255,636 (-4.1%) $270,832 (-12.6%) 0.00 55
    2019-09-01 $249,091 (6.0%) $278,352 (-2.8%) 0.00 59
    2019-10-01 $242,025 (10.4%) $287,400 (5.7%) 0.00 62
    2019-11-01 $240,100 (4.7%) $290,138 (4.5%) 0.00 61
    2019-12-01 $244,000 (25.8%) $283,990 (7.9%) 0.00 63
    2020-01-01 $236,950 (9.6%) $292,881 (10.3%) 0.00 64
    2020-02-01 $228,850 (-1.8%) $283,756 (8.1%) 0.00 71
    2020-03-01 $227,900 (-8.0%) $275,620 (6.4%) 0.00 87
    2020-04-01 $221,450 (-21.2%) $273,274 (2.8%) 0.00 97
    2020-05-01 $227,900 (-17.8%) $273,569 (-5.8%) 0.00 89
    2020-06-01 $235,500 (-18.9%) $276,328 (-8.4%) 0.00 85
    2020-07-01 $241,000 (-10.3%) $282,056 (2.5%) 0.00 82
    2020-08-01 $247,000 (-3.4%) $287,200 (6.0%) 0.00 75
    2020-09-01 $259,500 (4.2%) $303,393 (9.0%) 0.00 85
    2020-10-01 $260,000 (7.4%) $299,304 (4.1%) 0.00 88
    2020-11-01 $260,450 (8.5%) $296,944 (2.4%) 0.00 89
    2020-12-01 $259,250 (6.3%) $292,161 (2.9%) 0.00 97
    2021-01-01 $249,500 (5.3%) $286,410 (-2.2%) 0.00 84
    2021-02-01 $246,000 (7.5%) $288,630 (1.7%) 0.00 96
    2021-03-01 $250,000 (9.7%) $294,450 (6.8%) 0.00 88
    2021-04-01 $255,750 (15.5%) $298,340 (9.2%) 0.00 87
    2021-05-01 $252,500 (10.8%) $295,884 (8.2%) 0.00 81
    2021-06-01 $263,250 (11.8%) $309,488 (12.0%) 0.00 81
    2021-07-01 $285,700 (18.6%) $319,056 (13.1%) 0.00 78
    2021-08-01 $273,645 (10.8%) $308,764 (7.5%) 0.00 76
    2021-09-01 $259,975 (0.2%) $310,026 (2.2%) 0.00 78
    2021-10-01 $257,250 (-1.1%) $316,199 (5.6%) 0.00 82
    2021-11-01 $248,000 (-4.8%) $306,077 (3.1%) 0.00 80
    2021-12-01 $250,000 (-3.6%) $304,159 (4.1%) 0.00 80
    2022-01-01 $248,000 (-0.6%) $311,342 (8.7%) 0.00 73
    2022-02-01 $219,450 (-10.8%) $283,492 (-1.8%) 0.00 64
    2022-03-01 $228,700 (-8.5%) $299,788 (1.8%) 0.00 58
    2022-04-01 $225,000 (-12.0%) $302,006 (1.2%) 0.00 58
    2022-05-01 $240,400 (-4.8%) $341,125 (15.3%) 0.00 60
    2022-06-01 $229,375 (-12.9%) $324,671 (4.9%) 0.00 75
    2022-07-01 $257,450 (-9.9%) $332,421 (4.2%) 0.00 86
    2022-08-01 $252,475 (-7.7%) $358,428 (16.1%) 0.00 94
    2022-09-01 $262,400 (0.9%) $360,926 (16.4%) 0.00 96
    2022-10-01 $310,000 (20.5%) $385,736 (22.0%) 0.00 92
    2022-11-01 $299,150 (20.6%) $387,165 (26.5%) 0.00 83
    2022-12-01 $295,000 (18.0%) $390,800 (28.5%) 0.00 71
    2023-01-01 $299,799 (20.9%) $402,270 (29.2%) 0.00 73
    2023-02-01 $322,725 (47.1%) $417,708 (47.3%) 0.00 67
    2023-03-01 $306,450 (34.0%) $418,827 (39.7%) 0.00 64
    2023-04-01 $310,000 (37.8%) $427,164 (41.4%) 0.00 65
    2023-05-01 $332,000 (38.1%) $432,460 (26.8%) 0.00 63
    2023-06-01 $296,375 (29.2%) $426,326 (31.3%) 0.00 59
    2023-07-01 $277,500 (7.8%) $379,521 (14.2%) 0.00 57
    2023-08-01 $295,000 (16.8%) $390,808 (9.0%) 0.00 53
    2023-09-01 $295,000 (12.4%) $382,617 (6.0%) 0.00 62
    2023-10-01 $285,875 (-7.8%) $368,515 (-4.5%) 0.00 61
    2023-11-01 $277,500 (-7.2%) $346,524 (-10.5%) 0.00 60
    2023-12-01 $250,000 (-15.3%) $342,807 (-12.3%) 0.00 48
    2024-01-01 $275,000 (-8.3%) $372,432 (-7.4%) 0.00 42
    2024-02-01 $292,250 (-9.4%) $363,939 (-12.9%) 0.00 46
    2024-03-01 $296,500 (-3.3%) $369,946 (-11.7%) 0.00 49
    2024-04-01 $299,000 (-3.6%) $365,022 (-14.6%) 0.00 56
    2024-05-01 $299,000 (-9.9%) $356,320 (-17.6%) 0.00 57
    2024-06-01 $295,000 (-0.5%) $351,979 (-17.4%) 0.00 51
    2024-07-01 $268,875 (-3.1%) $307,156 (-19.1%) 0.00 49
    2024-08-01 $327,000 (10.9%) $341,340 (-12.7%) 0.00 43
    2024-09-01 $328,000 (11.2%) $344,554 (-10.0%) 0.00 45
    2024-10-01 $327,000 (14.4%) $345,512 (-6.2%) 0.00 42
    2024-11-01 $329,000 (18.6%) $386,171 (11.4%) 0.00 45
    Andrews's median listing price for 2024-11-01 was $329,000, a difference of $51,500 (18.6%) versus the prior year and $2,000 versus the prior month.

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

    Andrews's average listing price for 2024-11-01 was $386,171, a difference of $39,647 (11.4%) versus the prior year and $40,659 versus the prior month.

    For the 2024-11-01 period, Andrews had 45 MLS listings, a difference of 3 listings (7%) versus the prior month and -15 listings (-25%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Andrews (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 2,003 sqft
    2018-02-01 0 days 2,105 sqft
    2018-03-01 0 days 2,070 sqft
    2018-04-01 0 days 2,048 sqft
    2018-05-01 0 days 2,041 sqft
    2018-06-01 0 days 2,072 sqft
    2018-07-01 0 days 2,113 sqft
    2018-08-01 0 days 2,159 sqft
    2018-09-01 0 days 2,039 sqft
    2018-10-01 0 days 2,015 sqft
    2018-11-01 0 days 1,980 sqft
    2018-12-01 0 days 1,781 sqft
    2019-01-01 0 days 1,791 sqft
    2019-02-01 0 days 1,879 sqft
    2019-03-01 0 days 1,884 sqft
    2019-04-01 0 days 1,970 sqft
    2019-05-01 0 days 1,969 sqft
    2019-06-01 0 days 1,817 sqft
    2019-07-01 0 days 1,766 sqft
    2019-08-01 0 days 1,746 sqft
    2019-09-01 0 days 1,738 sqft
    2019-10-01 0 days 1,782 sqft
    2019-11-01 0 days 1,711 sqft
    2019-12-01 0 days 1,847 sqft
    2020-01-01 0 days 1,863 sqft
    2020-02-01 0 days 1,850 sqft
    2020-03-01 0 days 1,847 sqft
    2020-04-01 0 days 1,844 sqft
    2020-05-01 0 days 1,847 sqft
    2020-06-01 0 days 1,851 sqft
    2020-07-01 0 days 1,856 sqft
    2020-08-01 0 days 1,853 sqft
    2020-09-01 0 days 1,864 sqft
    2020-10-01 0 days 1,884 sqft
    2020-11-01 0 days 1,903 sqft
    2020-12-01 0 days 1,957 sqft
    2021-01-01 0 days 1,884 sqft
    2021-02-01 0 days 1,934 sqft
    2021-03-01 0 days 1,878 sqft
    2021-04-01 0 days 1,915 sqft
    2021-05-01 0 days 1,902 sqft
    2021-06-01 0 days 1,922 sqft
    2021-07-01 0 days 1,999 sqft
    2021-08-01 0 days 1,999 sqft
    2021-09-01 0 days 1,959 sqft
    2021-10-01 0 days 1,957 sqft
    2021-11-01 0 days 1,955 sqft
    2021-12-01 0 days 1,956 sqft
    2022-01-01 0 days 1,952 sqft
    2022-02-01 0 days 1,807 sqft
    2022-03-01 0 days 1,811 sqft
    2022-04-01 0 days 1,858 sqft
    2022-05-01 0 days 1,872 sqft
    2022-06-01 0 days 1,870 sqft
    2022-07-01 0 days 1,894 sqft
    2022-08-01 0 days 1,934 sqft
    2022-09-01 0 days 1,907 sqft
    2022-10-01 0 days 2,056 sqft
    2022-11-01 0 days 2,040 sqft
    2022-12-01 0 days 2,057 sqft
    2023-01-01 0 days 2,166 sqft
    2023-02-01 0 days 2,201 sqft
    2023-03-01 0 days 2,188 sqft
    2023-04-01 0 days 2,150 sqft
    2023-05-01 0 days 2,111 sqft
    2023-06-01 0 days 2,129 sqft
    2023-07-01 0 days 2,098 sqft
    2023-08-01 0 days 2,064 sqft
    2023-09-01 0 days 2,070 sqft
    2023-10-01 0 days 2,026 sqft
    2023-11-01 0 days 2,003 sqft
    2023-12-01 0 days 1,946 sqft
    2024-01-01 0 days 2,017 sqft
    2024-02-01 0 days 2,042 sqft
    2024-03-01 0 days 1,969 sqft
    2024-04-01 0 days 2,013 sqft
    2024-05-01 0 days 2,058 sqft
    2024-06-01 0 days 2,068 sqft
    2024-07-01 0 days 1,866 sqft
    2024-08-01 0 days 2,143 sqft
    2024-09-01 0 days 2,310 sqft
    2024-10-01 0 days 2,255 sqft
    2024-11-01 0 days 2,223 sqft
    Andrews's median listing age (time on market) for 2024-11-01 was 0 days.

    Andrews's median square footage for active listings during the 2024-11-01 period was 2,223 sqft. One year prior, the average listing was 2,003 sqft.