Austin USDA Loan Rates, Closing Costs & Stats
Austin, MN
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.
Austin's 2 lenders originated 2 USDA loans during 2023. The total origination value was $430,000, with an average USDA loan value of $215,000.
Austin USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Austin
averaged
6.53%
for the week of 2024-12-13, compared to the national average (all USDA variants) of
6.303% for the same period.
Austin's average USDA mortgage closing costs are $4,946.
The average rate for the prior week (2024-12-06) was
6.47% and
one month ago for the week of 2024-11-08, the
average rate was 6.78%.
The average rate one year ago was 6.95%.
For refis of the same type during the week of 2024-12-13, the average rate
was 6.1%.
Austin 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 Austin level.
Name | # of Loans | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
---|---|---|---|
FAIRWAY INDEPENDENT MORTGAGE CORPORATION | 1 | 7.75% | $12,004 |
Home Federal Savings Bank | 1 | 6.25% | $4,174 |
The top Austin USDA lender as defined by loan originations is FAIRWAY INDEPENDENT MORTGAGE CORPORATION, with
1 USDA loans originated. Their average total fees are
$12,004, which is $7,830
higher than the next largest lender,
Home Federal Savings Bank.
The lowest fee Austin USDA lenders (with over 10 loans originated) are
.
The lowest rate Austin USDA lenders (with over 10 loans originated) are
.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Austin (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 | $113,375 (23.6%) | $133,635 (12.5%) | 0.00 | 78 |
2018-02-01 | $119,900 (33.9%) | $131,742 (12.5%) | 0.00 | 63 |
2018-03-01 | $119,900 (33.4%) | $137,425 (10.5%) | 0.00 | 73 |
2018-04-01 | $144,800 (52.4%) | $171,809 (36.3%) | 0.00 | 79 |
2018-05-01 | $149,225 (42.8%) | $180,422 (38.2%) | 0.00 | 88 |
2018-06-01 | $142,825 (35.8%) | $174,242 (32.2%) | 0.00 | 94 |
2018-07-01 | $149,925 (50.1%) | $185,988 (42.3%) | 0.00 | 96 |
2018-08-01 | $148,550 (30.9%) | $180,334 (32.0%) | 0.00 | 113 |
2018-09-01 | $146,900 (36.1%) | $181,626 (30.4%) | 0.00 | 124 |
2018-10-01 | $137,550 (21.2%) | $184,994 (29.8%) | 0.00 | 116 |
2018-11-01 | $137,425 (25.8%) | $179,394 (30.7%) | 0.00 | 125 |
2018-12-01 | $124,950 (14.6%) | $164,176 (20.9%) | 0.00 | 118 |
2019-01-01 | $115,000 (1.4%) | $161,039 (20.5%) | 0.00 | 99 |
2019-02-01 | $112,200 (-6.4%) | $150,974 (14.6%) | 0.00 | 80 |
2019-03-01 | $128,357 (7.1%) | $164,511 (19.7%) | 0.00 | 88 |
2019-04-01 | $147,207 (1.7%) | $181,177 (5.5%) | 0.00 | 99 |
2019-05-01 | $138,975 (-6.9%) | $175,092 (-3.0%) | 0.00 | 126 |
2019-06-01 | $149,000 (4.3%) | $187,176 (7.4%) | 0.00 | 119 |
2019-07-01 | $153,950 (2.7%) | $184,668 (-0.7%) | 0.00 | 134 |
2019-08-01 | $157,736 (6.2%) | $186,608 (3.5%) | 0.00 | 136 |
2019-09-01 | $160,416 (9.2%) | $190,073 (4.7%) | 0.00 | 134 |
2019-10-01 | $158,402 (15.2%) | $191,038 (3.3%) | 0.00 | 133 |
2019-11-01 | $177,000 (28.8%) | $195,333 (8.9%) | 0.00 | 129 |
2019-12-01 | $179,900 (44.0%) | $200,126 (21.9%) | 0.00 | 113 |
2020-01-01 | $184,925 (60.8%) | $200,355 (24.4%) | 0.00 | 96 |
2020-02-01 | $179,900 (60.3%) | $194,646 (28.9%) | 0.00 | 86 |
2020-03-01 | $161,225 (25.6%) | $186,576 (13.4%) | 0.00 | 97 |
2020-04-01 | $145,550 (-1.1%) | $187,566 (3.5%) | 0.00 | 94 |
2020-05-01 | $159,450 (14.7%) | $197,763 (13.0%) | 0.00 | 86 |
2020-06-01 | $175,825 (18.0%) | $211,636 (13.1%) | 0.00 | 85 |
2020-07-01 | $153,075 (-0.6%) | $201,013 (8.9%) | 0.00 | 87 |
2020-08-01 | $149,900 (-5.0%) | $195,528 (4.8%) | 0.00 | 88 |
2020-09-01 | $148,150 (-7.7%) | $189,112 (-0.5%) | 0.00 | 88 |
2020-10-01 | $145,000 (-8.5%) | $176,463 (-7.6%) | 0.00 | 81 |
2020-11-01 | $127,400 (-28.0%) | $162,763 (-16.7%) | 0.00 | 76 |
2020-12-01 | $126,450 (-29.7%) | $165,290 (-17.4%) | 0.00 | 68 |
2021-01-01 | $124,900 (-32.5%) | $168,188 (-16.1%) | 0.00 | 46 |
2021-02-01 | $132,400 (-26.4%) | $182,883 (-6.0%) | 0.00 | 40 |
2021-03-01 | $141,400 (-12.3%) | $206,782 (10.8%) | 0.00 | 40 |
2021-04-01 | $151,200 (3.9%) | $216,047 (15.2%) | 0.00 | 48 |
2021-05-01 | $144,950 (-9.1%) | $209,522 (6.0%) | 0.00 | 53 |
2021-06-01 | $139,450 (-20.7%) | $204,087 (-3.6%) | 0.00 | 48 |
2021-07-01 | $139,900 (-8.6%) | $182,714 (-9.1%) | 0.00 | 61 |
2021-08-01 | $139,900 (-6.7%) | $196,160 (0.3%) | 0.00 | 55 |
2021-09-01 | $142,425 (-3.9%) | $191,142 (1.1%) | 0.00 | 67 |
2021-10-01 | $144,000 (-0.7%) | $180,458 (2.3%) | 0.00 | 68 |
2021-11-01 | $148,450 (16.5%) | $184,019 (13.1%) | 0.00 | 64 |
2021-12-01 | $137,400 (8.7%) | $168,462 (1.9%) | 0.00 | 50 |
2022-01-01 | $139,900 (12.0%) | $177,241 (5.4%) | 0.00 | 36 |
2022-02-01 | $136,200 (2.9%) | $161,088 (-11.9%) | 0.00 | 37 |
2022-03-01 | $144,400 (2.1%) | $172,334 (-16.7%) | 0.00 | 27 |
2022-04-01 | $177,450 (17.4%) | $205,421 (-4.9%) | 0.00 | 24 |
2022-05-01 | $181,125 (25.0%) | $218,828 (4.4%) | 0.00 | 33 |
2022-06-01 | $191,600 (37.4%) | $238,096 (16.7%) | 0.00 | 47 |
2022-07-01 | $179,900 (28.6%) | $208,043 (13.9%) | 0.00 | 58 |
2022-08-01 | $202,700 (44.9%) | $229,950 (17.2%) | 0.00 | 60 |
2022-09-01 | $204,450 (43.6%) | $236,654 (23.8%) | 0.00 | 65 |
2022-10-01 | $200,000 (38.9%) | $244,544 (35.5%) | 0.00 | 71 |
2022-11-01 | $185,575 (25.0%) | $235,747 (28.1%) | 0.00 | 78 |
2022-12-01 | $179,900 (30.9%) | $231,665 (37.5%) | 0.00 | 62 |
2023-01-01 | $185,700 (32.7%) | $238,108 (34.3%) | 0.00 | 55 |
2023-02-01 | $186,500 (36.9%) | $243,238 (51.0%) | 0.00 | 49 |
2023-03-01 | $178,900 (23.9%) | $238,103 (38.2%) | 0.00 | 52 |
2023-04-01 | $191,450 (7.9%) | $230,941 (12.4%) | 0.00 | 50 |
2023-05-01 | $198,700 (9.7%) | $248,478 (13.6%) | 0.00 | 47 |
2023-06-01 | $234,975 (22.6%) | $258,278 (8.5%) | 0.00 | 64 |
2023-07-01 | $239,900 (33.4%) | $267,643 (28.7%) | 0.00 | 71 |
2023-08-01 | $236,150 (16.5%) | $266,689 (16.0%) | 0.00 | 79 |
2023-09-01 | $199,950 (-2.2%) | $251,939 (6.5%) | 0.00 | 87 |
2023-10-01 | $196,925 (-1.5%) | $248,104 (1.5%) | 0.00 | 78 |
2023-11-01 | $210,000 (13.2%) | $255,764 (8.5%) | 0.00 | 80 |
2023-12-01 | $209,900 (16.7%) | $260,483 (12.4%) | 0.00 | 69 |
2024-01-01 | $199,150 (7.2%) | $266,414 (11.9%) | 0.00 | 62 |
2024-02-01 | $218,450 (17.1%) | $276,152 (13.5%) | 0.00 | 51 |
2024-03-01 | $199,450 (11.5%) | $273,958 (15.1%) | 0.00 | 44 |
2024-04-01 | $219,900 (14.9%) | $280,377 (21.4%) | 0.00 | 35 |
2024-05-01 | $236,150 (18.9%) | $292,484 (17.7%) | 0.00 | 49 |
2024-06-01 | $239,450 (1.9%) | $285,102 (10.4%) | 0.00 | 66 |
2024-07-01 | $231,425 (-3.5%) | $271,263 (1.4%) | 0.00 | 74 |
2024-08-01 | $231,999 (-1.8%) | $281,253 (5.5%) | 0.00 | 87 |
2024-09-01 | $254,425 (27.2%) | $306,641 (21.7%) | 0.00 | 92 |
2024-10-01 | $222,175 (12.8%) | $286,685 (15.6%) | 0.00 | 91 |
2024-11-01 | $199,950 (-4.8%) | $268,261 (4.9%) | 0.00 | 77 |
Austin's median listing price comes in at 0% of the national average.
Austin's average listing price for 2024-11-01 was $268,261, a difference of $12,497 (4.9%) versus the prior year and $-18,424 versus the prior month.
For the 2024-11-01 period, Austin had 77 MLS listings, a difference of -14 listings (-15%) versus the prior month and -3 listings (-4%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Austin (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 2,112 sqft |
2018-02-01 | 0 days | 2,154 sqft |
2018-03-01 | 0 days | 2,184 sqft |
2018-04-01 | 0 days | 2,350 sqft |
2018-05-01 | 0 days | 2,342 sqft |
2018-06-01 | 0 days | 2,186 sqft |
2018-07-01 | 0 days | 2,338 sqft |
2018-08-01 | 0 days | 2,294 sqft |
2018-09-01 | 0 days | 2,320 sqft |
2018-10-01 | 0 days | 2,277 sqft |
2018-11-01 | 0 days | 2,326 sqft |
2018-12-01 | 0 days | 2,131 sqft |
2019-01-01 | 0 days | 1,428 sqft |
2019-02-01 | 0 days | 1,380 sqft |
2019-03-01 | 0 days | 1,509 sqft |
2019-04-01 | 0 days | 1,618 sqft |
2019-05-01 | 0 days | 1,645 sqft |
2019-06-01 | 0 days | 1,682 sqft |
2019-07-01 | 0 days | 1,813 sqft |
2019-08-01 | 0 days | 1,861 sqft |
2019-09-01 | 0 days | 1,892 sqft |
2019-10-01 | 0 days | 1,908 sqft |
2019-11-01 | 0 days | 1,911 sqft |
2019-12-01 | 0 days | 2,005 sqft |
2020-01-01 | 0 days | 2,085 sqft |
2020-02-01 | 0 days | 1,945 sqft |
2020-03-01 | 0 days | 1,759 sqft |
2020-04-01 | 0 days | 1,712 sqft |
2020-05-01 | 0 days | 1,780 sqft |
2020-06-01 | 0 days | 1,885 sqft |
2020-07-01 | 0 days | 1,820 sqft |
2020-08-01 | 0 days | 1,835 sqft |
2020-09-01 | 0 days | 1,876 sqft |
2020-10-01 | 0 days | 1,593 sqft |
2020-11-01 | 0 days | 1,579 sqft |
2020-12-01 | 0 days | 1,527 sqft |
2021-01-01 | 0 days | 1,487 sqft |
2021-02-01 | 0 days | 1,521 sqft |
2021-03-01 | 0 days | 1,465 sqft |
2021-04-01 | 0 days | 1,590 sqft |
2021-05-01 | 0 days | 1,509 sqft |
2021-06-01 | 0 days | 1,509 sqft |
2021-07-01 | 0 days | 1,495 sqft |
2021-08-01 | 0 days | 1,501 sqft |
2021-09-01 | 0 days | 1,515 sqft |
2021-10-01 | 0 days | 1,527 sqft |
2021-11-01 | 0 days | 1,599 sqft |
2021-12-01 | 0 days | 1,456 sqft |
2022-01-01 | 0 days | 1,444 sqft |
2022-02-01 | 0 days | 1,850 sqft |
2022-03-01 | 0 days | 1,878 sqft |
2022-04-01 | 0 days | 2,135 sqft |
2022-05-01 | 0 days | 1,509 sqft |
2022-06-01 | 0 days | 1,899 sqft |
2022-07-01 | 0 days | 1,713 sqft |
2022-08-01 | 0 days | 1,768 sqft |
2022-09-01 | 0 days | 1,866 sqft |
2022-10-01 | 0 days | 1,884 sqft |
2022-11-01 | 0 days | 1,870 sqft |
2022-12-01 | 0 days | 1,712 sqft |
2023-01-01 | 0 days | 1,811 sqft |
2023-02-01 | 0 days | 1,825 sqft |
2023-03-01 | 0 days | 1,727 sqft |
2023-04-01 | 0 days | 1,724 sqft |
2023-05-01 | 0 days | 1,889 sqft |
2023-06-01 | 0 days | 1,908 sqft |
2023-07-01 | 0 days | 1,941 sqft |
2023-08-01 | 0 days | 1,895 sqft |
2023-09-01 | 0 days | 1,837 sqft |
2023-10-01 | 0 days | 1,857 sqft |
2023-11-01 | 0 days | 1,921 sqft |
2023-12-01 | 0 days | 1,921 sqft |
2024-01-01 | 0 days | 1,953 sqft |
2024-02-01 | 0 days | 1,965 sqft |
2024-03-01 | 0 days | 1,833 sqft |
2024-04-01 | 0 days | 1,672 sqft |
2024-05-01 | 0 days | 1,589 sqft |
2024-06-01 | 0 days | 1,773 sqft |
2024-07-01 | 0 days | 1,822 sqft |
2024-08-01 | 0 days | 1,768 sqft |
2024-09-01 | 0 days | 1,948 sqft |
2024-10-01 | 0 days | 1,712 sqft |
2024-11-01 | 0 days | 1,671 sqft |
Austin's median square footage for active listings during the 2024-11-01 period was 1,671 sqft. One year prior, the average listing was 1,921 sqft.