Ardmore USDA Loan Rates, Closing Costs & Stats

Ardmore, OK

  • JUMP TO:
  • Trends
  • Rates vs Fees
  • Top Lenders
  • Markets
  • Market Conditions & Pricing
  • Time on Market/Property Size

    • 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.

    Ardmore's 6 lenders originated 6 USDA loans during 2023. The total origination value was $1,010,000, with an average USDA loan value of $168,333.

    Ardmore USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Ardmore averaged 6.93% for the week of 2024-04-19, compared to the national average (all USDA variants) of 6.863% for the same period.

    Ardmore's average USDA mortgage closing costs are $4,559.

    The average rate for the prior week (2024-04-12) was 6.68% and one month ago for the week of 2024-03-15, the average rate was 6.46%.

    The average rate one year ago was 6.5%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.76%.

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

    Ardmore 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 Ardmore level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    ASSOCIATED MORTGAGE CORPORATION 1 6.38% $11,291
    BancFirst 1 7.00% $6,610
    CARDINAL FINANCIAL 1 5.75% $6,227
    MEMBER ADVANTAGE MORTGAGE, LLC 1 6.88% $6,723
    NEWREZ LLC 1 6.63% $4,412
    OPEN MORTGAGE, LLC 1 6.00% $9,074

    The top Ardmore USDA lender as defined by loan originations is ASSOCIATED MORTGAGE CORPORATION, with 1 USDA loans originated. Their average total fees are $11,291, which is $4,681 higher than the next largest lender, BancFirst.

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

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

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Ardmore (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 $165,000 (3.1%) $255,808 (15.3%) 0.00 335
    2018-02-01 $159,950 (-3.1%) $247,989 (13.2%) 0.00 339
    2018-03-01 $168,200 (-1.0%) $207,777 (-6.5%) 0.00 331
    2018-04-01 $169,900 (0.0%) $221,830 (-9.7%) 0.00 329
    2018-05-01 $169,850 (-2.9%) $228,554 (-9.2%) 0.00 330
    2018-06-01 $169,000 (-4.6%) $233,230 (-6.2%) 0.00 318
    2018-07-01 $166,975 (-6.7%) $227,392 (-9.1%) 0.00 311
    2018-08-01 $167,900 (-6.3%) $227,042 (-9.8%) 0.00 297
    2018-09-01 $163,900 (-6.9%) $231,579 (-8.7%) 0.00 298
    2018-10-01 $160,950 (-8.0%) $229,890 (-9.3%) 0.00 294
    2018-11-01 $155,725 (-11.0%) $225,398 (-16.9%) 0.00 285
    2018-12-01 $158,000 (-9.7%) $227,942 (-14.5%) 0.00 283
    2019-01-01 $152,450 (-7.6%) $234,766 (-8.2%) 0.00 281
    2019-02-01 $149,900 (-6.3%) $246,889 (-0.4%) 0.00 259
    2019-03-01 $153,736 (-8.6%) $250,109 (20.4%) 0.00 260
    2019-04-01 $155,236 (-8.6%) $252,586 (13.9%) 0.00 266
    2019-05-01 $156,575 (-7.8%) $238,765 (4.5%) 0.00 277
    2019-06-01 $159,000 (-5.9%) $238,618 (2.3%) 0.00 258
    2019-07-01 $158,500 (-5.1%) $230,128 (1.2%) 0.00 249
    2019-08-01 $164,091 (-2.3%) $241,935 (6.6%) 0.00 241
    2019-09-01 $170,227 (3.9%) $255,783 (10.5%) 0.00 229
    2019-10-01 $174,750 (8.6%) $269,520 (17.2%) 0.00 210
    2019-11-01 $169,900 (9.1%) $261,021 (15.8%) 0.00 216
    2019-12-01 $163,550 (3.5%) $259,198 (13.7%) 0.00 216
    2020-01-01 $174,500 (14.5%) $278,910 (18.8%) 0.00 186
    2020-02-01 $178,950 (19.4%) $275,324 (11.5%) 0.00 189
    2020-03-01 $174,975 (13.8%) $268,874 (7.5%) 0.00 190
    2020-04-01 $174,900 (12.7%) $277,708 (10.0%) 0.00 191
    2020-05-01 $189,900 (21.3%) $283,709 (18.8%) 0.00 183
    2020-06-01 $217,500 (36.8%) $297,941 (24.9%) 0.00 163
    2020-07-01 $222,325 (40.3%) $292,824 (27.2%) 0.00 154
    2020-08-01 $215,000 (31.0%) $286,910 (18.6%) 0.00 133
    2020-09-01 $191,950 (12.8%) $287,502 (12.4%) 0.00 134
    2020-10-01 $175,000 (0.1%) $292,970 (8.7%) 0.00 139
    2020-11-01 $147,250 (-13.3%) $231,805 (-11.2%) 0.00 119
    2020-12-01 $147,500 (-9.8%) $222,001 (-14.4%) 0.00 131
    2021-01-01 $154,000 (-11.8%) $225,842 (-19.0%) 0.00 126
    2021-02-01 $149,950 (-16.2%) $228,545 (-17.0%) 0.00 125
    2021-03-01 $155,000 (-11.4%) $245,034 (-8.9%) 0.00 113
    2021-04-01 $145,475 (-16.8%) $239,708 (-13.7%) 0.00 128
    2021-05-01 $169,000 (-11.0%) $257,075 (-9.4%) 0.00 124
    2021-06-01 $184,000 (-15.4%) $291,620 (-2.1%) 0.00 135
    2021-07-01 $181,250 (-18.5%) $295,241 (0.8%) 0.00 127
    2021-08-01 $196,100 (-8.8%) $310,393 (8.2%) 0.00 122
    2021-09-01 $193,500 (0.8%) $358,934 (24.9%) 0.00 116
    2021-10-01 $192,000 (9.7%) $343,862 (17.4%) 0.00 135
    2021-11-01 $168,500 (14.4%) $372,944 (60.9%) 0.00 126
    2021-12-01 $169,675 (15.0%) $413,220 (86.1%) 0.00 97
    2022-01-01 $160,000 (3.9%) $379,667 (68.1%) 0.00 98
    2022-02-01 $162,000 (8.0%) $412,440 (80.5%) 0.00 94
    2022-03-01 $207,500 (33.9%) $466,396 (90.3%) 0.00 81
    2022-04-01 $172,500 (18.6%) $370,264 (54.5%) 0.00 90
    2022-05-01 $198,125 (17.2%) $338,638 (31.7%) 0.00 89
    2022-06-01 $199,000 (8.2%) $328,820 (12.8%) 0.00 105
    2022-07-01 $199,000 (9.8%) $338,354 (14.6%) 0.00 109
    2022-08-01 $195,000 (-0.6%) $298,322 (-3.9%) 0.00 129
    2022-09-01 $189,749 (-1.9%) $315,291 (-12.2%) 0.00 131
    2022-10-01 $195,000 (1.6%) $291,829 (-15.1%) 0.00 143
    2022-11-01 $207,250 (23.0%) $267,736 (-28.2%) 0.00 147
    2022-12-01 $229,000 (35.0%) $281,021 (-32.0%) 0.00 141
    2023-01-01 $222,150 (38.8%) $298,741 (-21.3%) 0.00 125
    2023-02-01 $200,750 (23.9%) $325,114 (-21.2%) 0.00 124
    2023-03-01 $231,725 (11.7%) $351,536 (-24.6%) 0.00 131
    2023-04-01 $232,250 (34.6%) $357,292 (-3.5%) 0.00 125
    2023-05-01 $229,125 (15.7%) $357,618 (5.6%) 0.00 127
    2023-06-01 $248,000 (24.6%) $369,954 (12.5%) 0.00 129
    2023-07-01 $244,000 (22.6%) $373,640 (10.4%) 0.00 123
    2023-08-01 $239,225 (22.7%) $353,032 (18.3%) 0.00 153
    2023-09-01 $239,000 (26.0%) $340,051 (7.9%) 0.00 175
    2023-10-01 $226,000 (15.9%) $338,483 (16.0%) 0.00 187
    2023-11-01 $212,250 (2.4%) $323,213 (20.7%) 0.00 184
    2023-12-01 $219,950 (-4.0%) $337,387 (20.1%) 0.00 180
    2024-01-01 $221,225 (-0.4%) $330,236 (10.5%) 0.00 190
    2024-02-01 $212,450 (5.8%) $327,400 (0.7%) 0.00 189
    2024-03-01 $200,000 (-13.7%) $315,024 (-10.4%) 0.00 190
    Ardmore's median listing price for 2024-03-01 was $200,000, a difference of $-31,725 (-13.7%) versus the prior year and $-12,450 versus the prior month.

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

    Ardmore's average listing price for 2024-03-01 was $315,024, a difference of $-36,512 (-10.4%) versus the prior year and $-12,376 versus the prior month.

    For the 2024-03-01 period, Ardmore had 190 MLS listings, a difference of 1 listings (1%) versus the prior month and 59 listings (45%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Ardmore (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,827 sqft
    2018-02-01 0 days 1,799 sqft
    2018-03-01 0 days 1,798 sqft
    2018-04-01 0 days 1,825 sqft
    2018-05-01 0 days 1,799 sqft
    2018-06-01 0 days 1,832 sqft
    2018-07-01 0 days 1,841 sqft
    2018-08-01 0 days 1,836 sqft
    2018-09-01 0 days 1,834 sqft
    2018-10-01 0 days 1,783 sqft
    2018-11-01 0 days 1,750 sqft
    2018-12-01 0 days 1,742 sqft
    2019-01-01 0 days 1,750 sqft
    2019-02-01 0 days 1,755 sqft
    2019-03-01 0 days 1,746 sqft
    2019-04-01 0 days 1,734 sqft
    2019-05-01 0 days 1,738 sqft
    2019-06-01 0 days 1,745 sqft
    2019-07-01 0 days 1,767 sqft
    2019-08-01 0 days 1,807 sqft
    2019-09-01 0 days 1,820 sqft
    2019-10-01 0 days 1,836 sqft
    2019-11-01 0 days 1,799 sqft
    2019-12-01 0 days 1,720 sqft
    2020-01-01 0 days 1,761 sqft
    2020-02-01 0 days 1,858 sqft
    2020-03-01 0 days 1,798 sqft
    2020-04-01 0 days 1,918 sqft
    2020-05-01 0 days 1,960 sqft
    2020-06-01 0 days 2,036 sqft
    2020-07-01 0 days 2,046 sqft
    2020-08-01 0 days 1,977 sqft
    2020-09-01 0 days 1,728 sqft
    2020-10-01 0 days 1,725 sqft
    2020-11-01 0 days 1,597 sqft
    2020-12-01 0 days 1,644 sqft
    2021-01-01 0 days 1,646 sqft
    2021-02-01 0 days 1,636 sqft
    2021-03-01 0 days 1,637 sqft
    2021-04-01 0 days 1,589 sqft
    2021-05-01 0 days 1,712 sqft
    2021-06-01 0 days 1,773 sqft
    2021-07-01 0 days 1,745 sqft
    2021-08-01 0 days 1,812 sqft
    2021-09-01 0 days 1,797 sqft
    2021-10-01 0 days 1,779 sqft
    2021-11-01 0 days 1,680 sqft
    2021-12-01 0 days 1,776 sqft
    2022-01-01 0 days 1,731 sqft
    2022-02-01 0 days 1,667 sqft
    2022-03-01 0 days 1,791 sqft
    2022-04-01 0 days 1,704 sqft
    2022-05-01 0 days 1,724 sqft
    2022-06-01 0 days 1,625 sqft
    2022-07-01 0 days 1,624 sqft
    2022-08-01 0 days 1,614 sqft
    2022-09-01 0 days 1,661 sqft
    2022-10-01 0 days 1,679 sqft
    2022-11-01 0 days 1,656 sqft
    2022-12-01 0 days 1,743 sqft
    2023-01-01 0 days 1,686 sqft
    2023-02-01 0 days 1,615 sqft
    2023-03-01 0 days 1,685 sqft
    2023-04-01 0 days 1,690 sqft
    2023-05-01 0 days 1,678 sqft
    2023-06-01 0 days 1,668 sqft
    2023-07-01 0 days 1,692 sqft
    2023-08-01 0 days 1,733 sqft
    2023-09-01 0 days 1,744 sqft
    2023-10-01 0 days 1,612 sqft
    2023-11-01 0 days 1,619 sqft
    2023-12-01 0 days 1,668 sqft
    2024-01-01 0 days 1,629 sqft
    2024-02-01 0 days 1,583 sqft
    2024-03-01 0 days 1,608 sqft
    Ardmore's median listing age (time on market) for 2024-03-01 was 0 days.

    Ardmore's median square footage for active listings during the 2024-03-01 period was 1,608 sqft. One year prior, the average listing was 1,685 sqft.