Athens USDA Loans

Athens, 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.

Athens's 13 lenders originated 23 USDA loans during 2021. The total origination value was $4,035,000, with an average USDA loan value of $175,435.

Athens USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Athens averaged 5.51% for the week of 2022-08-05, compared to the national average (all USDA variants) of 5.294% for the same period.

The average rate for the prior week (2022-07-29) was 5.53% and one month ago for the week of 2022-07-01, the average rate was 5.47%.

The average rate one year ago was 2.95%.

For refis of the same type during the week of 2022-08-05, the average rate was 5.36%.

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

Athens USDA Loan Lenders by Rates & Fees

The below table looks at the average fees and rates for USDA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Athens level.

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 4 3.16% $7,593
MORTGAGE FINANCIAL SERVICES, LLC 4 3.13% $5,996
First Guaranty Mortgage Corporation 2 2.81% $9,025
GUILD MORTGAGE COMPANY 2 3.06% $6,959
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 2 2.69% $6,925
PENNYMAC LOAN SERVICES, LLC 1 2.88% $3,590
UNITED MORTGAGE CORP. 1 3.13% $6,996
AMERICAN FINANCIAL NETWORK, INC. 1 3.88% $13,230
VAN DYK MORTGAGE CORPORATION 1 3.25% $3,000
ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 2.75% $6,566
COUNTRYPLACE MORTGAGE, LTD. 1 2.75% $12,610
FINANCE OF AMERICA MORTGAGE LLC 1 3.25% $6,443
LOANDEPOT.COM, LLC 1 2.88% $6,575

The top Athens USDA lender as defined by loan originations is FAIRWAY INDEPENDENT MORTGAGE CORPORATION, with 4 USDA loans originated. Their average total fees are $7,593, which is $1,597 higher than the next largest lender, MORTGAGE FINANCIAL SERVICES, LLC.

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

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


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Athens (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 $259,900 (2.5%) $407,882 (5.4%) 0.00 799
2018-02-01 $267,450 (5.9%) $414,904 (10.2%) 0.00 813
2018-03-01 $285,000 (7.3%) $412,864 (4.1%) 0.00 851
2018-04-01 $289,500 (7.6%) $406,906 (1.9%) 0.00 894
2018-05-01 $294,450 (8.3%) $419,778 (-0.3%) 0.00 911
2018-06-01 $289,500 (4.5%) $421,818 (-0.4%) 0.00 972
2018-07-01 $277,000 (-0.7%) $402,197 (-3.9%) 0.00 945
2018-08-01 $260,900 (-1.3%) $381,195 (-8.0%) 0.00 963
2018-09-01 $250,000 (-9.1%) $383,994 (-9.5%) 0.00 973
2018-10-01 $246,950 (-7.5%) $379,175 (-7.5%) 0.00 973
2018-11-01 $241,500 (-10.6%) $386,303 (-5.0%) 0.00 935
2018-12-01 $239,000 (-10.8%) $387,755 (-3.9%) 0.00 914
2019-01-01 $241,950 (-6.9%) $395,443 (-3.1%) 0.00 837
2019-02-01 $254,900 (-4.7%) $393,308 (-5.2%) 0.00 853
2019-03-01 $269,000 (-5.6%) $412,770 (0.0%) 0.00 788
2019-04-01 $271,250 (-6.3%) $407,869 (0.2%) 0.00 822
2019-05-01 $289,000 (-1.9%) $406,714 (-3.1%) 0.00 808
2019-06-01 $295,500 (2.1%) $411,859 (-2.4%) 0.00 820
2019-07-01 $279,950 (1.1%) $403,494 (0.3%) 0.00 807
2019-08-01 $274,714 (5.3%) $408,370 (7.1%) 0.00 786
2019-09-01 $269,450 (7.8%) $411,304 (7.1%) 0.00 774
2019-10-01 $267,500 (8.3%) $416,752 (9.9%) 0.00 765
2019-11-01 $265,000 (9.7%) $414,613 (7.3%) 0.00 724
2019-12-01 $265,000 (10.9%) $385,255 (-0.6%) 0.00 686
2020-01-01 $254,500 (5.2%) $388,590 (-1.7%) 0.00 623
2020-02-01 $249,000 (-2.3%) $384,857 (-2.2%) 0.00 666
2020-03-01 $244,500 (-9.1%) $379,346 (-8.1%) 0.00 700
2020-04-01 $239,450 (-11.7%) $366,667 (-10.1%) 0.00 721
2020-05-01 $242,000 (-16.3%) $397,456 (-2.3%) 0.00 632
2020-06-01 $239,000 (-19.1%) $384,183 (-6.7%) 0.00 499
2020-07-01 $234,450 (-16.3%) $391,072 (-3.1%) 0.00 461
2020-08-01 $229,900 (-16.3%) $422,264 (3.4%) 0.00 452
2020-09-01 $229,900 (-14.7%) $447,346 (8.8%) 0.00 447
2020-10-01 $239,000 (-10.7%) $462,659 (11.0%) 0.00 449
2020-11-01 $244,250 (-7.8%) $478,390 (15.4%) 0.00 467
2020-12-01 $240,950 (-9.1%) $461,762 (19.9%) 0.00 449
2021-01-01 $239,000 (-6.1%) $449,990 (15.8%) 0.00 407
2021-02-01 $253,400 (1.8%) $485,870 (26.3%) 0.00 328
2021-03-01 $282,500 (15.5%) $469,254 (23.7%) 0.00 285
2021-04-01 $304,950 (27.4%) $490,269 (33.7%) 0.00 277
2021-05-01 $332,000 (37.2%) $521,683 (31.3%) 0.00 272
2021-06-01 $332,500 (39.1%) $592,593 (54.3%) 0.00 301
2021-07-01 $344,500 (46.9%) $599,921 (53.4%) 0.00 364
2021-08-01 $377,000 (64.0%) $590,393 (39.8%) 0.00 419
2021-09-01 $359,999 (56.6%) $537,984 (20.3%) 0.00 441
2021-10-01 $339,000 (41.8%) $534,793 (15.6%) 0.00 426
2021-11-01 $349,500 (43.1%) $548,175 (14.6%) 0.00 401
2021-12-01 $327,500 (35.9%) $533,201 (15.5%) 0.00 389
2022-01-01 $327,900 (37.2%) $523,713 (16.4%) 0.00 342
2022-02-01 $345,000 (36.2%) $611,179 (25.8%) 0.00 285
2022-03-01 $399,000 (41.2%) $731,617 (55.9%) 0.00 282
2022-04-01 $399,000 (30.8%) $733,580 (49.6%) 0.00 322
2022-05-01 $404,250 (21.8%) $777,385 (49.0%) 0.00 411
2022-06-01 $417,400 (25.5%) $776,545 (31.0%) 0.00 506
Athens's median listing price for 2022-06-01 was $417,400, a difference of $84,900 (25.5%) versus the prior year and $13,150 versus the prior month.

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

Athens's average listing price for 2022-06-01 was $776,545, a difference of $183,952 (31.0%) versus the prior year and $-840 versus the prior month.

For the 2022-06-01 period, Athens had 506 MLS listings, a difference of 95 listings (23%) versus the prior month and 205 listings (68%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Athens (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 2,015 sqft
2018-02-01 0 days 1,986 sqft
2018-03-01 0 days 2,017 sqft
2018-04-01 0 days 2,037 sqft
2018-05-01 0 days 2,064 sqft
2018-06-01 0 days 2,050 sqft
2018-07-01 0 days 2,048 sqft
2018-08-01 0 days 2,000 sqft
2018-09-01 0 days 1,924 sqft
2018-10-01 0 days 1,908 sqft
2018-11-01 0 days 1,941 sqft
2018-12-01 0 days 1,894 sqft
2019-01-01 0 days 1,894 sqft
2019-02-01 0 days 1,918 sqft
2019-03-01 0 days 1,988 sqft
2019-04-01 0 days 1,971 sqft
2019-05-01 0 days 2,037 sqft
2019-06-01 0 days 2,067 sqft
2019-07-01 0 days 2,014 sqft
2019-08-01 0 days 1,980 sqft
2019-09-01 0 days 1,947 sqft
2019-10-01 0 days 1,983 sqft
2019-11-01 0 days 1,950 sqft
2019-12-01 0 days 1,937 sqft
2020-01-01 0 days 1,912 sqft
2020-02-01 0 days 1,888 sqft
2020-03-01 0 days 1,858 sqft
2020-04-01 0 days 1,847 sqft
2020-05-01 0 days 1,850 sqft
2020-06-01 0 days 1,850 sqft
2020-07-01 0 days 1,848 sqft
2020-08-01 0 days 1,848 sqft
2020-09-01 0 days 1,845 sqft
2020-10-01 0 days 1,831 sqft
2020-11-01 0 days 1,809 sqft
2020-12-01 0 days 1,773 sqft
2021-01-01 0 days 1,775 sqft
2021-02-01 0 days 1,843 sqft
2021-03-01 0 days 1,864 sqft
2021-04-01 0 days 1,970 sqft
2021-05-01 0 days 1,972 sqft
2021-06-01 0 days 1,965 sqft
2021-07-01 0 days 1,934 sqft
2021-08-01 0 days 1,910 sqft
2021-09-01 0 days 1,878 sqft
2021-10-01 0 days 1,862 sqft
2021-11-01 0 days 1,854 sqft
2021-12-01 0 days 1,800 sqft
2022-01-01 0 days 1,810 sqft
2022-02-01 0 days 1,897 sqft
2022-03-01 0 days 1,901 sqft
2022-04-01 0 days 1,931 sqft
2022-05-01 0 days 1,989 sqft
2022-06-01 0 days 1,959 sqft
Athens's median listing age (time on market) for 2022-06-01 was 0 days.

Athens's median square footage for active listings during the 2022-06-01 period was 1,959 sqft. One year prior, the average listing was 1,965 sqft.