Andrews USDA Loan Rates, Closing Costs & Stats
Andrews, TX
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
0.32%
for the week of 2024-11-15, compared to the national average (all USDA variants) of
0% for the same period.
Andrews's average USDA mortgage closing costs are $6,482.
The average rate for the prior week (2024-11-08) was
6.47% and
one month ago for the week of 2024-10-11, the
average rate was 6.24%.
The average rate one year ago was 7.66%.
For refis of the same type during the week of 2024-11-15, the average rate
was 0.1%.
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 |
Andrews's median listing price comes in at 0% of the national average.
Andrews's average listing price for 2024-10-01 was $345,512, a difference of $-23,003 (-6.2%) versus the prior year and $958 versus the prior month.
For the 2024-10-01 period, Andrews had 42 MLS listings, a difference of -3 listings (-7%) versus the prior month and -19 listings (-31%) 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 |
Andrews's median square footage for active listings during the 2024-10-01 period was 2,255 sqft. One year prior, the average listing was 2,026 sqft.