Austin USDA Loan Rates, Closing Costs & Stats

AUSTIN-ROUND ROCK-GEORGETOWN, 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.

Austin's 27 lenders originated 145 USDA loans during 2023. The total origination value was $43,895,000, with an average USDA loan value of $302,724.

Austin USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Austin averaged 6.52% for the week of 2024-05-10, compared to the national average (all USDA variants) of 6.785% for the same period.

Austin's average USDA mortgage closing costs are $7,452.

The average rate for the prior week (2024-05-03) was 6.3% and one month ago for the week of 2024-04-05, the average rate was 6.26%.

The average rate one year ago was 6.15%.

For refis of the same type during the week of 2024-05-10, the average rate was 6.81%.

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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
DHI MORTGAGE COMPANY, LTD. 36 5.03% $8,695
EAGLE HOME MORTGAGE, LLC 29 5.15% $8,354
CMG MORTGAGE, INC. 20 4.90% $14,550
SFMC, LP 9 5.79% $15,893
KBHS HOME LOANS, LLC 7 5.93% $14,368
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 6 5.92% $7,831
CORNERSTONE HOME LENDING, INC. 5 5.58% $6,778
UNITED WHOLESALE MORTGAGE, LLC 5 6.03% $15,357
CHURCHILL MORTGAGE CORPORATION 2 6.81% $12,725
PRIMELENDING, A PLAINSCAPITAL COMPANY 2 6.63% $13,698
FIRST CENTENNIAL MORTGAGE CORPORATION 2 6.19% $12,812
Flagstar Bank, FSB 2 5.94% $12,742
Century Mortgage Company DBA Century Lending Company 2 6.63% $9,192
HOME FINANCING UNLIMITED, INC. 2 5.50% $9,880
MOVEMENT MORTGAGE, LLC 2 5.38% $10,779
Paramount Residential Mortgage Group, Inc. 2 5.75% $13,639
Wells Fargo Bank 1 5.63% $8,008
CANOPY MORTGAGE, LLC 1 7.63% $15,393
GENEVA FINANCIAL, LLC 1 7.50% $16,205
Network Funding, L.P. 1 6.88% $6,711
Plains Commerce Bank 1 6.63% $8,600
PLAZA HOME MORTGAGE, INC. 1 5.13% $19,978
South Pacific Financial Corporation 1 6.50% $7,986
Stride Bank 1 6.50% $10,575
UNIVERSITY Federal Credit Union 1 6.13% $5,049
VELOCIO MORTGAGE L.L.C. 1 5.99% $3,344
AMERICAN PACIFIC MORTGAGE CORPORATION 1 6.13% $9,857

The top Austin USDA lender as defined by loan originations is DHI MORTGAGE COMPANY, LTD., with 36 USDA loans originated. Their average total fees are $8,695, which is $341 higher than the next largest lender, EAGLE HOME MORTGAGE, LLC.

The lowest fee Austin USDA lenders (with over 10 loans originated) are EAGLE HOME MORTGAGE, LLC ($8,354), DHI MORTGAGE COMPANY, LTD. ($8,695), CMG MORTGAGE, INC. ($14,550), .

The lowest rate Austin USDA lenders (with over 10 loans originated) are CMG MORTGAGE, INC. (4.90%), DHI MORTGAGE COMPANY, LTD. (5.03%), EAGLE HOME MORTGAGE, LLC (5.15%), .


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 $359,939 (-7.5%) $555,044 (-5.1%) 1.33 5,911
2018-02-01 $365,513 (-7.3%) $564,965 (-5.0%) 1.33 5,885
2018-03-01 $373,070 (-5.0%) $572,099 (-4.3%) 1.31 6,336
2018-04-01 $376,552 (-5.6%) $582,160 (-3.8%) 1.28 6,924
2018-05-01 $375,000 (-5.9%) $577,542 (-3.0%) 1.25 7,437
2018-06-01 $374,900 (-4.6%) $569,828 (-3.2%) 1.25 7,942
2018-07-01 $368,836 (-4.2%) $550,677 (-4.7%) 1.23 8,247
2018-08-01 $362,450 (-3.7%) $538,397 (-3.6%) 1.21 8,369
2018-09-01 $359,000 (-3.1%) $535,475 (-4.4%) 1.21 8,364
2018-10-01 $349,995 (-4.1%) $533,474 (-4.0%) 1.19 8,344
2018-11-01 $349,900 (-4.1%) $528,569 (-4.4%) 1.19 7,908
2018-12-01 $348,990 (-3.7%) $514,664 (-7.1%) 1.20 7,090
2019-01-01 $348,495 (-3.2%) $515,403 (-7.1%) 1.20 6,447
2019-02-01 $349,950 (-4.3%) $524,137 (-7.2%) 1.18 6,397
2019-03-01 $358,571 (-3.9%) $543,190 (-5.1%) 1.17 6,672
2019-04-01 $369,995 (-1.7%) $559,277 (-3.9%) 1.17 7,039
2019-05-01 $370,956 (-1.1%) $571,062 (-1.1%) 1.16 7,326
2019-06-01 $369,000 (-1.6%) $566,664 (-0.6%) 1.15 7,727
2019-07-01 $364,022 (-1.3%) $560,976 (1.9%) 1.14 8,001
2019-08-01 $362,187 (-0.1%) $558,797 (3.8%) 1.15 7,915
2019-09-01 $360,901 (0.5%) $559,116 (4.4%) 1.16 7,640
2019-10-01 $359,450 (2.7%) $559,208 (4.8%) 1.16 7,412
2019-11-01 $355,000 (1.5%) $558,943 (5.8%) 1.16 6,893
2019-12-01 $349,998 (0.3%) $551,630 (7.2%) 1.17 6,060
2020-01-01 $350,494 (0.6%) $557,166 (8.1%) 1.17 5,439
2020-02-01 $363,873 (4.0%) $594,065 (13.3%) 1.19 5,103
2020-03-01 $374,997 (4.6%) $607,740 (11.9%) 1.18 5,380
2020-04-01 $369,745 (-0.1%) $570,066 (1.9%) 1.16 6,075
2020-05-01 $379,999 (2.4%) $599,651 (5.0%) 1.16 6,360
2020-06-01 $395,000 (7.1%) $639,259 (12.8%) 1.16 5,664
2020-07-01 $396,495 (8.9%) $633,466 (12.9%) 1.15 5,313
2020-08-01 $399,999 (10.4%) $646,803 (15.8%) 1.15 4,899
2020-09-01 $414,969 (15.0%) $665,256 (19.0%) 1.19 4,177
2020-10-01 $420,000 (16.9%) $682,360 (22.0%) 1.20 3,882
2020-11-01 $422,246 (18.9%) $681,818 (22.0%) 1.23 3,348
2020-12-01 $427,500 (22.1%) $688,572 (24.8%) 1.27 2,696
2021-01-01 $434,700 (24.0%) $713,471 (28.1%) 1.30 1,811
2021-02-01 $448,995 (23.4%) $745,722 (25.5%) 1.31 1,378
2021-03-01 $467,495 (24.7%) $727,700 (19.7%) 1.33 1,539
2021-04-01 $497,500 (34.6%) $747,284 (31.1%) 1.35 1,704
2021-05-01 $500,000 (31.6%) $755,795 (26.0%) 1.33 1,946
2021-06-01 $530,000 (34.2%) $766,995 (20.0%) 1.40 2,370
2021-07-01 $540,000 (36.2%) $760,201 (20.0%) 1.42 3,075
2021-08-01 $545,868 (36.5%) $747,298 (15.5%) 1.46 3,539
2021-09-01 $546,975 (31.8%) $753,044 (13.2%) 1.46 3,793
2021-10-01 $549,900 (30.9%) $760,116 (11.4%) 1.47 3,634
2021-11-01 $549,450 (30.1%) $771,764 (13.2%) 1.47 3,181
2021-12-01 $544,500 (27.4%) $772,108 (12.1%) 1.48 2,468
2022-01-01 $549,000 (26.3%) $807,131 (13.1%) 1.48 1,743
2022-02-01 $577,500 (28.6%) $873,435 (17.1%) 1.50 1,405
2022-03-01 $600,000 (28.3%) $910,383 (25.1%) 1.50 1,584
2022-04-01 $625,000 (25.6%) $937,567 (25.5%) 1.49 2,011
2022-05-01 $629,663 (25.9%) $904,793 (19.7%) 1.44 3,587
2022-06-01 $622,450 (17.4%) $871,936 (13.7%) 1.39 5,598
2022-07-01 $599,900 (11.1%) $851,294 (12.0%) 1.35 7,387
2022-08-01 $575,500 (5.4%) $824,817 (10.4%) 1.33 8,218
2022-09-01 $559,450 (2.3%) $803,820 (6.7%) 1.31 8,482
2022-10-01 $549,900 (0.0%) $798,346 (5.0%) 1.29 8,593
2022-11-01 $531,439 (-3.3%) $783,739 (1.6%) 1.28 8,322
2022-12-01 $525,000 (-3.6%) $776,754 (0.6%) 1.30 7,081
2023-01-01 $522,197 (-4.9%) $774,619 (-4.0%) 1.29 6,305
2023-02-01 $531,000 (-8.1%) $810,699 (-7.2%) 1.28 6,114
2023-03-01 $549,946 (-8.3%) $837,278 (-8.0%) 1.30 6,529
2023-04-01 $569,000 (-9.0%) $862,828 (-8.0%) 1.32 7,197
2023-05-01 $583,375 (-7.4%) $881,470 (-2.6%) 1.32 7,624
2023-06-01 $579,998 (-6.8%) $880,722 (1.0%) 1.30 8,283
2023-07-01 $575,000 (-4.2%) $866,419 (1.8%) 1.31 8,521
2023-08-01 $568,237 (-1.3%) $853,114 (3.4%) 1.30 8,611
2023-09-01 $556,450 (-0.5%) $852,510 (6.1%) 1.30 8,722
2023-10-01 $549,900 (0.0%) $844,080 (5.7%) 1.29 8,759
2023-11-01 $549,495 (3.4%) $831,441 (6.1%) 1.31 8,497
2023-12-01 $539,990 (2.9%) $825,074 (6.2%) 1.32 7,319
2024-01-01 $544,982 (4.4%) $827,801 (6.9%) 1.33 6,433
2024-02-01 $542,000 (2.1%) $835,799 (3.1%) 1.30 6,608
2024-03-01 $549,733 (0.0%) $867,030 (3.6%) 1.29 7,558
2024-04-01 $557,480 (-2.0%) $878,785 (1.9%) 1.30 8,897
Austin's median listing price for 2024-04-01 was $557,480, a difference of $-11,520 (-2.0%) versus the prior year and $7,747 versus the prior month.

Austin's median listing price comes in at 130% of the national average.

Austin's average listing price for 2024-04-01 was $878,785, a difference of $15,957 (1.9%) versus the prior year and $11,755 versus the prior month.

For the 2024-04-01 period, Austin had 8,897 MLS listings, a difference of 1,339 listings (18%) versus the prior month and 1,700 listings (24%) 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 72 days 2,254 sqft
2018-02-01 60 days 2,278 sqft
2018-03-01 44 days 2,306 sqft
2018-04-01 41 days 2,327 sqft
2018-05-01 42 days 2,313 sqft
2018-06-01 46 days 2,298 sqft
2018-07-01 50 days 2,274 sqft
2018-08-01 52 days 2,236 sqft
2018-09-01 57 days 2,213 sqft
2018-10-01 60 days 2,181 sqft
2018-11-01 63 days 2,173 sqft
2018-12-01 71 days 2,164 sqft
2019-01-01 76 days 2,143 sqft
2019-02-01 62 days 2,161 sqft
2019-03-01 48 days 2,198 sqft
2019-04-01 44 days 2,222 sqft
2019-05-01 44 days 2,219 sqft
2019-06-01 44 days 2,208 sqft
2019-07-01 48 days 2,198 sqft
2019-08-01 50 days 2,180 sqft
2019-09-01 55 days 2,168 sqft
2019-10-01 57 days 2,158 sqft
2019-11-01 60 days 2,150 sqft
2019-12-01 67 days 2,140 sqft
2020-01-01 69 days 2,145 sqft
2020-02-01 59 days 2,150 sqft
2020-03-01 43 days 2,154 sqft
2020-04-01 43 days 2,124 sqft
2020-05-01 51 days 2,150 sqft
2020-06-01 52 days 2,158 sqft
2020-07-01 47 days 2,116 sqft
2020-08-01 44 days 2,089 sqft
2020-09-01 49 days 2,067 sqft
2020-10-01 45 days 2,018 sqft
2020-11-01 45 days 1,967 sqft
2020-12-01 52 days 1,954 sqft
2021-01-01 53 days 1,938 sqft
2021-02-01 35 days 1,939 sqft
2021-03-01 26 days 2,028 sqft
2021-04-01 20 days 2,059 sqft
2021-05-01 22 days 2,069 sqft
2021-06-01 14 days 2,054 sqft
2021-07-01 17 days 2,088 sqft
2021-08-01 23 days 2,101 sqft
2021-09-01 28 days 2,102 sqft
2021-10-01 31 days 2,090 sqft
2021-11-01 37 days 2,103 sqft
2021-12-01 46 days 2,093 sqft
2022-01-01 46 days 2,088 sqft
2022-02-01 20 days 2,066 sqft
2022-03-01 15 days 2,073 sqft
2022-04-01 14 days 2,113 sqft
2022-05-01 16 days 2,125 sqft
2022-06-01 21 days 2,149 sqft
2022-07-01 30 days 2,110 sqft
2022-08-01 40 days 2,101 sqft
2022-09-01 51 days 2,085 sqft
2022-10-01 56 days 2,070 sqft
2022-11-01 60 days 2,051 sqft
2022-12-01 72 days 2,047 sqft
2023-01-01 79 days 2,045 sqft
2023-02-01 70 days 2,074 sqft
2023-03-01 51 days 2,093 sqft
2023-04-01 44 days 2,123 sqft
2023-05-01 44 days 2,134 sqft
2023-06-01 45 days 2,138 sqft
2023-07-01 50 days 2,134 sqft
2023-08-01 55 days 2,125 sqft
2023-09-01 58 days 2,117 sqft
2023-10-01 60 days 2,095 sqft
2023-11-01 65 days 2,099 sqft
2023-12-01 74 days 2,087 sqft
2024-01-01 77 days 2,091 sqft
2024-02-01 60 days 2,085 sqft
2024-03-01 40 days 2,090 sqft
2024-04-01 42 days 2,101 sqft
Austin's median listing age (time on market) for 2024-04-01 was 42 days. This is -6% shorter than the same period one year ago.

Austin's median square footage for active listings during the 2024-04-01 period was 2,101 sqft. One year prior, the average listing was 2,123 sqft.