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%.
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. LouisDate | 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 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. LouisDate | 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 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.