Athens USDA Loans

Athens, TX

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    • 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.