Austin USDA Loan Rates, Closing Costs & Stats

AUSTIN-ROUND ROCK-GEORGETOWN, 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.

    Austin's 69 lenders originated 541 USDA loans during 2021. The total origination value was $141,505,000, with an average USDA loan value of $261,562.

    Austin USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Austin averaged 6.32% for the week of 2022-12-02, compared to the national average (all USDA variants) of 6.437% for the same period.

    Austin's average USDA mortgage closing costs are $7,122.

    The average rate for the prior week (2022-11-25) was 6.45% and one month ago for the week of 2022-10-28, the average rate was 6.63%.

    The average rate one year ago was 3.12%.

    For refis of the same type during the week of 2022-12-02, the average rate was 6.2%.

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

    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 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
    DHI MORTGAGE COMPANY, LTD. 145 2.71% $6,311
    KBHS HOME LOANS, LLC 52 3.00% $8,307
    PULTE MORTGAGE LLC 31 2.98% $3,844
    LOANDEPOT.COM, LLC 30 3.04% $7,897
    CMG MORTGAGE, INC. 26 2.72% $8,667
    CORNERSTONE HOME LENDING, INC. 25 3.13% $10,855
    SFMC, LP 19 2.84% $11,497
    PENNYMAC LOAN SERVICES, LLC 13 2.86% $6,770
    UNIVERSITY Federal Credit Union 9 2.35% $7,212
    CANOPY MORTGAGE, LLC 8 2.53% $8,771
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 7 3.23% $7,086
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 7 3.23% $7,278
    NATIONS RELIABLE LENDING, LLC 7 2.75% $5,291
    Paramount Residential Mortgage Group, Inc. 7 2.66% $6,596
    HOME POINT FINANCIAL CORPORATION 6 2.66% $9,266
    INSPIRE HOME LOANS INC. 6 3.08% $7,711
    FIRST CENTENNIAL MORTGAGE CORPORATION 6 2.69% $6,364
    ADVISA MORTGAGE SERVICES, LTD. 6 3.13% $7,089
    Flagstar Bank, FSB 6 2.70% $7,529
    HOME FINANCING UNLIMITED, INC. 5 2.65% $10,000
    THRIVE MORTGAGE, LLC 4 2.78% $8,691
    CALIBER HOME LOANS, INC. 4 2.72% $7,345
    Colten Mortgage, LLC 4 2.78% $5,439
    EAGLE HOME MORTGAGE, LLC 4 2.94% $7,206
    AMCAP MORTGAGE, LTD. 4 2.94% $8,639
    MORTGAGE FINANCIAL SERVICES, LLC 4 2.56% $5,930
    PRIMELENDING, A PLAINSCAPITAL COMPANY 3 3.33% $10,049
    CROSSCOUNTRY MORTGAGE, LLC 3 3.38% $9,310
    Carrington Mortgage Services, LLC 3 2.88% $11,208
    Gateway First Bank 3 3.21% $6,383
    LAKEVIEW LOAN SERVICING, LLC 3 3.00% $3,866
    KELLER MORTGAGE, LLC 3 2.46% $6,057
    GUILD MORTGAGE COMPANY 3 2.79% $9,660
    PLAZA HOME MORTGAGE, INC. 3 2.79% $6,935
    PLANET HOME LENDING, LLC 2 2.94% $5,847
    ANGEL OAK HOME LOANS LLC 2 2.69% $6,835
    BARTON CREEK LENDING GROUP, LLC 2 2.69% $7,753
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 2 2.75% $12,735
    Goldwater Bank, N.A. 2 2.94% $9,149
    GUARANTEED RATE, INC. 2 3.00% $7,633
    HOMEBRIDGE FINANCIAL SERVICES, INC. 2 3.13% $4,947
    MID AMERICA MORTGAGE, INC. 2 3.13% $6,496
    NEWREZ LLC 2 2.69% $7,753
    OPEN MORTGAGE, LLC 2 2.81% $7,115
    RANLIFE, INC. 2 2.62% $7,166
    The Home Loan Expert LLC 2 2.75% $8,142
    WILLOW BEND MORTGAGE COMPANY, LLC 2 2.63% $8,690
    BROKER SOLUTIONS, INC. 1 2.25% $5,763
    OCEANSIDE MORTGAGE COMPANY 1 3.00% $2,146
    UNION HOME MORTGAGE CORP. 1 2.75% $4,779
    GUARANTEED RATE AFFINITY, LLC 1 3.13% $5,776
    GENEVA FINANCIAL, LLC 1 2.75% $5,978
    First Guaranty Mortgage Corporation 1 3.13% $9,544
    COUNTRYPLACE MORTGAGE, LTD. 1 3.00% $22,300
    CLM MORTGAGE, INC 1 2.25% $6,152
    PRIORITY HOME MORTGAGE, L.P. 1 2.75% $6,914
    Citizens Bank 1 2.75% $8,070
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 3.38% $8,920
    Republic State Mortgage Co. 1 2.63% $9,974
    CALCON MUTUAL MORTGAGE LLC 1 2.88% $8,392
    South Pacific Financial Corporation 1 2.75% $8,637
    SOUTHWEST FUNDING, LP 1 3.38% $11,651
    SUN WEST MORTGAGE COMPANY, INC. 1 2.25% $6,552
    INTERLINC MORTGAGE SERVICES, LLC 1 3.50% $8,333
    METROPLEX MORTGAGE SERVICES, INC. 1 2.75% $8,943
    V.I.P. MORTGAGE, INC. 1 2.88% $11,095
    Independent Bank 1 2.38% $13,383
    MUTUAL OF OMAHA MORTGAGE, INC. 1 2.75% $6,448
    Hometown Lenders, Inc. 1 3.13% $8,294

    The top Austin USDA lender as defined by loan originations is DHI MORTGAGE COMPANY, LTD., with 145 USDA loans originated. Their average total fees are $6,311, which is $1,996 lower than the next largest lender, KBHS HOME LOANS, LLC.

    The lowest fee Austin USDA lenders (with over 10 loans originated) are PULTE MORTGAGE LLC ($3,844), DHI MORTGAGE COMPANY, LTD. ($6,311), PENNYMAC LOAN SERVICES, LLC ($6,770), LOANDEPOT.COM, LLC ($7,897) and KBHS HOME LOANS, LLC ($8,307).

    The lowest rate Austin USDA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (2.71%), CMG MORTGAGE, INC. (2.72%), SFMC, LP (2.84%), PENNYMAC LOAN SERVICES, LLC (2.86%) and PULTE MORTGAGE LLC (2.98%).

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Austin (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 $359,920 (-7.5%) $555,064 (-5.1%) 1.33 5,910
    2018-02-01 $365,506 (-7.3%) $565,008 (-5.0%) 1.33 5,884
    2018-03-01 $372,990 (-5.0%) $572,092 (-4.3%) 1.31 6,335
    2018-04-01 $376,220 (-5.7%) $582,210 (-3.9%) 1.28 6,924
    2018-05-01 $375,000 (-5.9%) $577,583 (-3.0%) 1.25 7,436
    2018-06-01 $374,900 (-4.6%) $568,895 (-3.4%) 1.25 7,940
    2018-07-01 $368,793 (-4.2%) $550,681 (-4.7%) 1.23 8,247
    2018-08-01 $362,350 (-3.8%) $538,193 (-3.6%) 1.21 8,369
    2018-09-01 $359,000 (-3.2%) $535,494 (-4.4%) 1.20 8,364
    2018-10-01 $349,995 (-4.1%) $533,472 (-4.0%) 1.18 8,344
    2018-11-01 $349,900 (-4.1%) $527,858 (-4.5%) 1.19 7,909
    2018-12-01 $348,990 (-3.7%) $514,749 (-7.1%) 1.20 7,092
    2019-01-01 $348,628 (-3.1%) $515,487 (-7.1%) 1.20 6,448
    2019-02-01 $349,950 (-4.3%) $524,236 (-7.2%) 1.18 6,399
    2019-03-01 $358,571 (-3.9%) $543,260 (-5.0%) 1.17 6,676
    2019-04-01 $369,995 (-1.7%) $559,464 (-3.9%) 1.17 7,048
    2019-05-01 $370,998 (-1.1%) $571,312 (-1.1%) 1.16 7,339
    2019-06-01 $369,000 (-1.6%) $566,897 (-0.4%) 1.15 7,745
    2019-07-01 $363,995 (-1.3%) $560,664 (1.8%) 1.14 8,020
    2019-08-01 $362,155 (-0.1%) $558,651 (3.8%) 1.15 7,933
    2019-09-01 $360,886 (0.5%) $558,984 (4.4%) 1.15 7,656
    2019-10-01 $359,450 (2.7%) $559,068 (4.8%) 1.16 7,427
    2019-11-01 $355,000 (1.5%) $558,727 (5.9%) 1.16 6,907
    2019-12-01 $349,995 (0.3%) $551,370 (7.1%) 1.17 6,074
    2020-01-01 $350,228 (0.5%) $556,943 (8.0%) 1.17 5,454
    2020-02-01 $363,533 (3.9%) $593,704 (13.3%) 1.19 5,119
    2020-03-01 $374,995 (4.6%) $607,314 (11.8%) 1.17 5,396
    2020-04-01 $369,725 (-0.1%) $569,696 (1.8%) 1.16 6,093
    2020-05-01 $379,990 (2.4%) $599,199 (4.9%) 1.16 6,377
    2020-06-01 $395,000 (7.1%) $638,629 (12.7%) 1.16 5,680
    2020-07-01 $396,276 (8.9%) $632,915 (12.9%) 1.15 5,331
    2020-08-01 $399,990 (10.5%) $646,174 (15.7%) 1.15 4,916
    2020-09-01 $414,500 (14.9%) $664,651 (18.9%) 1.19 4,193
    2020-10-01 $420,000 (16.9%) $681,473 (21.9%) 1.20 3,899
    2020-11-01 $422,127 (18.9%) $680,878 (21.9%) 1.23 3,365
    2020-12-01 $427,500 (22.1%) $687,413 (24.7%) 1.27 2,713
    2021-01-01 $432,916 (23.6%) $711,721 (27.8%) 1.29 1,829
    2021-02-01 $447,000 (23.0%) $743,427 (25.2%) 1.30 1,396
    2021-03-01 $467,450 (24.7%) $725,564 (19.5%) 1.33 1,557
    2021-04-01 $497,450 (34.6%) $745,126 (30.8%) 1.35 1,721
    2021-05-01 $499,995 (31.6%) $753,848 (25.8%) 1.32 1,964
    2021-06-01 $530,000 (34.2%) $765,647 (19.9%) 1.40 2,386
    2021-07-01 $539,000 (36.0%) $758,294 (19.8%) 1.42 3,084
    2021-08-01 $543,037 (35.8%) $744,863 (15.3%) 1.45 3,546
    2021-09-01 $546,495 (31.8%) $751,463 (13.1%) 1.46 3,804
    2021-10-01 $549,900 (30.9%) $759,269 (11.4%) 1.47 3,650
    2021-11-01 $549,206 (30.1%) $770,592 (13.2%) 1.47 3,199
    2021-12-01 $543,409 (27.1%) $770,826 (12.1%) 1.47 2,487
    2022-01-01 $548,000 (26.6%) $806,349 (13.3%) 1.48 1,762
    2022-02-01 $576,533 (29.0%) $870,958 (17.2%) 1.50 1,424
    2022-03-01 $600,000 (28.4%) $907,703 (25.1%) 1.50 1,603
    2022-04-01 $625,000 (25.6%) $937,472 (25.8%) 1.49 2,029
    2022-05-01 $628,245 (25.7%) $905,295 (20.1%) 1.44 3,607
    2022-06-01 $622,445 (17.4%) $871,703 (13.9%) 1.39 5,618
    2022-07-01 $599,000 (11.1%) $853,337 (12.5%) 1.36 7,411
    2022-08-01 $575,000 (5.9%) $824,948 (10.8%) 1.33 8,241
    2022-09-01 $558,275 (2.2%) $805,069 (7.1%) 1.31 8,506
    2022-10-01 $549,900 (0.0%) $799,545 (5.3%) 1.29 8,610
    2022-11-01 $530,650 (-3.4%) $784,559 (1.8%) 1.28 8,339
    Austin's median listing price for 2022-11-01 was $530,650, a difference of $-18,556 (-3.4%) versus the prior year and $-19,250 versus the prior month.

    Austin's median listing price comes in at 128% of the national average.

    Austin's average listing price for 2022-11-01 was $784,559, a difference of $13,967 (1.8%) versus the prior year and $-14,986 versus the prior month.

    For the 2022-11-01 period, Austin had 8,339 MLS listings, a difference of -271 listings (-3%) versus the prior month and 5,140 listings (161%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Austin (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 75 days 2,253 sqft
    2018-02-01 63 days 2,278 sqft
    2018-03-01 45 days 2,306 sqft
    2018-04-01 43 days 2,327 sqft
    2018-05-01 43 days 2,313 sqft
    2018-06-01 48 days 2,298 sqft
    2018-07-01 51 days 2,274 sqft
    2018-08-01 54 days 2,236 sqft
    2018-09-01 58 days 2,213 sqft
    2018-10-01 61 days 2,181 sqft
    2018-11-01 65 days 2,173 sqft
    2018-12-01 72 days 2,164 sqft
    2019-01-01 79 days 2,144 sqft
    2019-02-01 66 days 2,161 sqft
    2019-03-01 51 days 2,198 sqft
    2019-04-01 45 days 2,222 sqft
    2019-05-01 45 days 2,219 sqft
    2019-06-01 46 days 2,209 sqft
    2019-07-01 50 days 2,198 sqft
    2019-08-01 52 days 2,180 sqft
    2019-09-01 56 days 2,168 sqft
    2019-10-01 59 days 2,158 sqft
    2019-11-01 63 days 2,150 sqft
    2019-12-01 69 days 2,140 sqft
    2020-01-01 72 days 2,145 sqft
    2020-02-01 61 days 2,150 sqft
    2020-03-01 45 days 2,154 sqft
    2020-04-01 45 days 2,124 sqft
    2020-05-01 53 days 2,150 sqft
    2020-06-01 55 days 2,158 sqft
    2020-07-01 49 days 2,116 sqft
    2020-08-01 45 days 2,089 sqft
    2020-09-01 50 days 2,068 sqft
    2020-10-01 46 days 2,018 sqft
    2020-11-01 47 days 1,968 sqft
    2020-12-01 54 days 1,954 sqft
    2021-01-01 56 days 1,939 sqft
    2021-02-01 36 days 1,941 sqft
    2021-03-01 28 days 2,028 sqft
    2021-04-01 21 days 2,060 sqft
    2021-05-01 22 days 2,069 sqft
    2021-06-01 15 days 2,056 sqft
    2021-07-01 17 days 2,088 sqft
    2021-08-01 23 days 2,100 sqft
    2021-09-01 28 days 2,102 sqft
    2021-10-01 31 days 2,094 sqft
    2021-11-01 38 days 2,103 sqft
    2021-12-01 46 days 2,094 sqft
    2022-01-01 47 days 2,088 sqft
    2022-02-01 21 days 2,068 sqft
    2022-03-01 15 days 2,072 sqft
    2022-04-01 15 days 2,117 sqft
    2022-05-01 16 days 2,120 sqft
    2022-06-01 21 days 2,146 sqft
    2022-07-01 30 days 2,101 sqft
    2022-08-01 40 days 2,100 sqft
    2022-09-01 51 days 2,083 sqft
    2022-10-01 57 days 2,070 sqft
    2022-11-01 61 days 2,050 sqft
    Austin's median listing age (time on market) for 2022-11-01 was 61 days. This is 61% longer than the same period one year ago.

    Austin's median square footage for active listings during the 2022-11-01 period was 2,050 sqft. One year prior, the average listing was 2,103 sqft.