Athens USDA Loan Rates, Closing Costs & Stats

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 6.41% for the week of 2023-01-27, compared to the national average (all USDA variants) of 6.195% for the same period.

Athens's average USDA mortgage closing costs are $5,565.

The average rate for the prior week (2023-01-20) was 6.3% and one month ago for the week of 2022-12-23, the average rate was 6.43%.

The average rate one year ago was 3.68%.

For refis of the same type during the week of 2023-01-27, the average rate was 5.96%.

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/closing costs 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. Closing Costs
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 $254,500 (6.3%) $426,686 (12.5%) 0.00 503
2018-02-01 $264,450 (10.2%) $439,325 (18.6%) 0.00 515
2018-03-01 $284,500 (12.9%) $437,036 (14.2%) 0.00 506
2018-04-01 $282,475 (13.0%) $435,639 (13.8%) 0.00 539
2018-05-01 $294,450 (15.7%) $446,906 (12.1%) 0.00 545
2018-06-01 $285,000 (9.7%) $449,360 (14.1%) 0.00 577
2018-07-01 $274,500 (6.9%) $420,456 (8.0%) 0.00 562
2018-08-01 $249,800 (-2.4%) $392,144 (-3.4%) 0.00 591
2018-09-01 $241,500 (-8.9%) $400,544 (-1.7%) 0.00 588
2018-10-01 $232,175 (-10.9%) $398,987 (-5.1%) 0.00 588
2018-11-01 $225,000 (-13.3%) $406,551 (-2.2%) 0.00 562
2018-12-01 $225,000 (-10.0%) $411,342 (1.5%) 0.00 555
2019-01-01 $224,750 (-11.7%) $421,067 (-1.3%) 0.00 509
2019-02-01 $230,250 (-12.9%) $407,238 (-7.3%) 0.00 487
2019-03-01 $249,571 (-12.3%) $423,758 (-3.0%) 0.00 494
2019-04-01 $250,000 (-11.5%) $419,343 (-3.7%) 0.00 517
2019-05-01 $266,750 (-9.4%) $410,853 (-8.1%) 0.00 498
2019-06-01 $275,000 (-3.5%) $411,081 (-8.5%) 0.00 506
2019-07-01 $263,725 (-3.9%) $409,805 (-2.5%) 0.00 517
2019-08-01 $259,236 (3.8%) $413,607 (5.5%) 0.00 521
2019-09-01 $252,916 (4.7%) $414,231 (3.4%) 0.00 515
2019-10-01 $254,652 (9.7%) $428,354 (7.4%) 0.00 493
2019-11-01 $258,300 (14.8%) $435,236 (7.1%) 0.00 459
2019-12-01 $249,700 (11.0%) $389,897 (-5.2%) 0.00 444
2020-01-01 $239,000 (6.3%) $398,387 (-5.4%) 0.00 405
2020-02-01 $230,000 (-0.1%) $376,861 (-7.5%) 0.00 424
2020-03-01 $231,000 (-7.4%) $379,248 (-10.5%) 0.00 439
2020-04-01 $227,225 (-9.1%) $365,275 (-12.9%) 0.00 453
2020-05-01 $228,500 (-14.3%) $414,509 (0.9%) 0.00 408
2020-06-01 $220,225 (-19.9%) $412,350 (0.3%) 0.00 318
2020-07-01 $217,000 (-17.7%) $415,581 (1.4%) 0.00 294
2020-08-01 $220,750 (-14.9%) $452,568 (9.4%) 0.00 299
2020-09-01 $219,450 (-13.2%) $476,268 (15.0%) 0.00 292
2020-10-01 $230,000 (-9.7%) $514,481 (20.1%) 0.00 290
2020-11-01 $242,293 (-6.2%) $527,945 (21.3%) 0.00 305
2020-12-01 $235,085 (-5.9%) $508,813 (30.5%) 0.00 284
2021-01-01 $230,000 (-3.8%) $486,454 (22.1%) 0.00 255
2021-02-01 $243,450 (5.9%) $528,712 (40.3%) 0.00 209
2021-03-01 $279,350 (20.9%) $497,319 (31.1%) 0.00 179
2021-04-01 $305,000 (34.2%) $524,578 (43.6%) 0.00 180
2021-05-01 $332,000 (45.3%) $560,861 (35.3%) 0.00 186
2021-06-01 $338,500 (53.7%) $630,011 (52.8%) 0.00 205
2021-07-01 $350,000 (61.3%) $614,779 (47.9%) 0.00 242
2021-08-01 $399,450 (81.0%) $623,525 (37.8%) 0.00 270
2021-09-01 $354,625 (61.6%) $569,816 (19.6%) 0.00 288
2021-10-01 $334,000 (45.2%) $567,026 (10.2%) 0.00 272
2021-11-01 $329,500 (36.0%) $562,426 (6.5%) 0.00 257
2021-12-01 $299,325 (27.3%) $537,531 (5.6%) 0.00 247
2022-01-01 $310,000 (34.8%) $520,322 (7.0%) 0.00 229
2022-02-01 $345,950 (42.1%) $622,542 (17.8%) 0.00 183
2022-03-01 $399,000 (42.8%) $724,371 (45.7%) 0.00 191
2022-04-01 $379,999 (24.6%) $720,184 (37.3%) 0.00 217
2022-05-01 $393,500 (18.5%) $760,592 (35.6%) 0.00 261
2022-06-01 $395,750 (16.9%) $796,372 (26.4%) 0.00 331
2022-07-01 $399,000 (14.0%) $791,237 (28.7%) 0.00 401
2022-08-01 $389,450 (-2.5%) $763,149 (22.4%) 0.00 452
2022-09-01 $394,450 (11.2%) $772,829 (35.6%) 0.00 467
2022-10-01 $382,450 (14.5%) $744,394 (31.3%) 0.00 468
2022-11-01 $367,450 (11.5%) $728,870 (29.6%) 0.00 513
2022-12-01 $375,000 (25.3%) $740,468 (37.8%) 0.00 473
Athens's median listing price for 2022-12-01 was $375,000, a difference of $75,675 (25.3%) versus the prior year and $7,550 versus the prior month.

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

Athens's average listing price for 2022-12-01 was $740,468, a difference of $202,937 (37.8%) versus the prior year and $11,598 versus the prior month.

For the 2022-12-01 period, Athens had 473 MLS listings, a difference of -40 listings (-8%) versus the prior month and 226 listings (91%) 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 1,975 sqft
2018-02-01 0 days 1,955 sqft
2018-03-01 0 days 1,989 sqft
2018-04-01 0 days 1,992 sqft
2018-05-01 0 days 2,000 sqft
2018-06-01 0 days 2,000 sqft
2018-07-01 0 days 1,949 sqft
2018-08-01 0 days 1,906 sqft
2018-09-01 0 days 1,834 sqft
2018-10-01 0 days 1,821 sqft
2018-11-01 0 days 1,800 sqft
2018-12-01 0 days 1,784 sqft
2019-01-01 0 days 1,800 sqft
2019-02-01 0 days 1,837 sqft
2019-03-01 0 days 1,901 sqft
2019-04-01 0 days 1,902 sqft
2019-05-01 0 days 1,947 sqft
2019-06-01 0 days 1,942 sqft
2019-07-01 0 days 1,911 sqft
2019-08-01 0 days 1,909 sqft
2019-09-01 0 days 1,875 sqft
2019-10-01 0 days 1,896 sqft
2019-11-01 0 days 1,886 sqft
2019-12-01 0 days 1,867 sqft
2020-01-01 0 days 1,849 sqft
2020-02-01 0 days 1,822 sqft
2020-03-01 0 days 1,814 sqft
2020-04-01 0 days 1,798 sqft
2020-05-01 0 days 1,822 sqft
2020-06-01 0 days 1,810 sqft
2020-07-01 0 days 1,794 sqft
2020-08-01 0 days 1,800 sqft
2020-09-01 0 days 1,771 sqft
2020-10-01 0 days 1,782 sqft
2020-11-01 0 days 1,775 sqft
2020-12-01 0 days 1,748 sqft
2021-01-01 0 days 1,742 sqft
2021-02-01 0 days 1,841 sqft
2021-03-01 0 days 1,867 sqft
2021-04-01 0 days 1,969 sqft
2021-05-01 0 days 1,970 sqft
2021-06-01 0 days 1,968 sqft
2021-07-01 0 days 1,958 sqft
2021-08-01 0 days 1,947 sqft
2021-09-01 0 days 1,858 sqft
2021-10-01 0 days 1,860 sqft
2021-11-01 0 days 1,825 sqft
2021-12-01 0 days 1,766 sqft
2022-01-01 0 days 1,784 sqft
2022-02-01 0 days 1,897 sqft
2022-03-01 0 days 1,879 sqft
2022-04-01 0 days 1,900 sqft
2022-05-01 0 days 1,938 sqft
2022-06-01 0 days 1,882 sqft
2022-07-01 0 days 1,928 sqft
2022-08-01 0 days 1,929 sqft
2022-09-01 0 days 1,926 sqft
2022-10-01 0 days 1,900 sqft
2022-11-01 0 days 1,843 sqft
2022-12-01 0 days 1,866 sqft
Athens's median listing age (time on market) for 2022-12-01 was 0 days.

Athens's median square footage for active listings during the 2022-12-01 period was 1,866 sqft. One year prior, the average listing was 1,766 sqft.