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 39 lenders originated 134 USDA loans during 2022. The total origination value was $41,030,000, with an average USDA loan value of $306,194.

    Austin USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Austin averaged 6.04% for the week of 2023-12-08, compared to the national average (all USDA variants) of 6.821% for the same period.

    Austin's average USDA mortgage closing costs are $7,257.

    The average rate for the prior week (2023-12-01) was 6.29% and one month ago for the week of 2023-11-03, the average rate was 6.73%.

    The average rate one year ago was 5.73%.

    For refis of the same type during the week of 2023-12-08, the average rate was 5.12%.

    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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    DHI MORTGAGE COMPANY, LTD. 38 3.79% $8,764
    CMG MORTGAGE, INC. 13 4.47% $11,905
    KBHS HOME LOANS, LLC 11 4.15% $11,361
    EAGLE HOME MORTGAGE, LLC 5 4.85% $8,397
    EVERETT FINANCIAL, INC. 4 4.19% $5,265
    INSPIRE HOME LOANS INC. 4 4.25% $12,118
    Flagstar Bank, FSB 4 4.38% $10,838
    PULTE MORTGAGE LLC 4 5.06% $3,971
    HOME POINT FINANCIAL CORPORATION 4 4.16% $10,917
    SFMC, LP 4 3.97% $13,517
    PENNYMAC LOAN SERVICES, LLC 3 3.42% $8,514
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 3 5.08% $11,744
    WILLOW BEND MORTGAGE COMPANY, LLC 2 4.56% $10,812
    CORNERSTONE HOME LENDING, INC. 2 4.31% $7,024
    FIRST CENTENNIAL MORTGAGE CORPORATION 2 5.81% $8,941
    LAKEVIEW LOAN SERVICING, LLC 2 3.13% $3,715
    Paramount Residential Mortgage Group, Inc. 2 3.56% $9,706
    PLAZA HOME MORTGAGE, INC. 2 3.06% $13,450
    South Pacific Financial Corporation 2 3.50% $9,207
    Colten Mortgage, LLC 1 3.00% $4,798
    City Bank 1 3.13% $9,529
    CALIBER HOME LOANS, INC. 1 3.75% $8,957
    The Home Loan Expert LLC 1 4.75% $8,882
    MORTGAGE FINANCIAL SERVICES, LLC 1 4.63% $3,617
    MOVEMENT MORTGAGE, LLC 1 4.50% $8,185
    MUTUAL OF OMAHA MORTGAGE, INC. 1 3.25% $17,824
    THRIVE MORTGAGE, LLC 1 5.38% $10,854
    Austin Capital Bank SSB 1 5.63% $13,188
    UNITED WHOLESALE MORTGAGE, LLC 1 4.75% $8,624
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 3.38% $8,912
    ANGEL OAK HOME LOANS LLC 1 2.88% $7,579
    AMCAP MORTGAGE, LTD. 1 5.13% $7,389
    SOUTHWEST FUNDING, LP 1 6.75% $11,345
    Stride Bank 1 5.00% $8,742
    DATA MORTGAGE, INC. 1 5.88% $19,134
    SWBC MORTGAGE CORPORATION 1 4.63% $7,376
    First United Bank and Trust Company 1 3.38% $9,830
    CROSSCOUNTRY MORTGAGE, LLC 1 5.50% $12,255
    Goldwater Bank, N.A. 1 4.50% $8,816

    The top Austin USDA lender as defined by loan originations is DHI MORTGAGE COMPANY, LTD., with 38 USDA loans originated. Their average total fees are $8,764, which is $3,141 lower than the next largest lender, CMG MORTGAGE, INC..

    The lowest fee Austin USDA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. ($8,764), KBHS HOME LOANS, LLC ($11,361), CMG MORTGAGE, INC. ($11,905), .

    The lowest rate Austin USDA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (3.79%), KBHS HOME LOANS, LLC (4.15%), CMG MORTGAGE, INC. (4.47%), .

    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 $359,928 (-7.5%) $555,055 (-5.1%) 1.33 5,910
    2018-02-01 $365,506 (-7.3%) $564,977 (-5.0%) 1.33 5,884
    2018-03-01 $372,990 (-5.0%) $572,111 (-4.3%) 1.31 6,335
    2018-04-01 $376,552 (-5.6%) $582,167 (-3.9%) 1.28 6,924
    2018-05-01 $375,000 (-5.9%) $577,542 (-3.1%) 1.25 7,436
    2018-06-01 $374,900 (-4.6%) $569,902 (-3.2%) 1.25 7,940
    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 (-3.2%) $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%) $528,607 (-4.4%) 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%) $543,261 (-5.0%) 1.17 6,674
    2019-04-01 $369,995 (-1.7%) $559,377 (-3.9%) 1.17 7,042
    2019-05-01 $371,056 (-1.1%) $571,410 (-1.1%) 1.16 7,329
    2019-06-01 $369,000 (-1.6%) $566,955 (-0.5%) 1.15 7,732
    2019-07-01 $364,132 (-1.3%) $560,991 (1.9%) 1.14 8,005
    2019-08-01 $362,347 (0.0%) $558,828 (3.8%) 1.15 7,918
    2019-09-01 $360,971 (0.6%) $559,170 (4.4%) 1.16 7,642
    2019-10-01 $359,450 (2.7%) $559,298 (4.8%) 1.16 7,413
    2019-11-01 $355,000 (1.5%) $558,990 (5.8%) 1.16 6,891
    2019-12-01 $349,998 (0.3%) $551,680 (7.2%) 1.17 6,059
    2020-01-01 $350,522 (0.5%) $557,226 (8.1%) 1.17 5,438
    2020-02-01 $363,900 (4.0%) $594,134 (13.3%) 1.19 5,102
    2020-03-01 $374,998 (4.6%) $607,808 (11.9%) 1.18 5,379
    2020-04-01 $369,745 (-0.1%) $570,066 (1.9%) 1.16 6,075
    2020-05-01 $379,999 (2.4%) $599,651 (4.9%) 1.16 6,360
    2020-06-01 $395,000 (7.1%) $639,260 (12.8%) 1.16 5,664
    2020-07-01 $396,448 (8.9%) $633,425 (12.9%) 1.15 5,314
    2020-08-01 $399,999 (10.4%) $646,888 (15.8%) 1.15 4,898
    2020-09-01 $415,495 (15.1%) $665,446 (19.0%) 1.19 4,175
    2020-10-01 $420,000 (16.9%) $682,466 (22.0%) 1.20 3,881
    2020-11-01 $422,250 (18.9%) $681,930 (22.0%) 1.23 3,347
    2020-12-01 $427,740 (22.2%) $688,718 (24.8%) 1.27 2,695
    2021-01-01 $434,700 (24.0%) $713,471 (28.0%) 1.30 1,811
    2021-02-01 $448,995 (23.4%) $745,851 (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%) $747,283 (31.1%) 1.35 1,703
    2021-05-01 $500,000 (31.6%) $755,795 (26.0%) 1.33 1,946
    2021-06-01 $530,000 (34.2%) $766,975 (20.0%) 1.40 2,370
    2021-07-01 $540,000 (36.2%) $760,165 (20.0%) 1.42 3,072
    2021-08-01 $545,809 (36.5%) $747,261 (15.5%) 1.46 3,538
    2021-09-01 $546,950 (31.6%) $753,011 (13.2%) 1.46 3,792
    2021-10-01 $549,900 (30.9%) $760,288 (11.4%) 1.47 3,634
    2021-11-01 $549,450 (30.1%) $772,012 (13.2%) 1.47 3,180
    2021-12-01 $544,500 (27.3%) $772,331 (12.1%) 1.48 2,468
    2022-01-01 $549,000 (26.3%) $807,441 (13.2%) 1.48 1,743
    2022-02-01 $577,500 (28.6%) $873,820 (17.2%) 1.50 1,405
    2022-03-01 $600,000 (28.3%) $910,893 (25.2%) 1.50 1,584
    2022-04-01 $625,000 (25.6%) $937,589 (25.5%) 1.49 2,010
    2022-05-01 $629,542 (25.9%) $904,774 (19.7%) 1.44 3,587
    2022-06-01 $622,445 (17.4%) $871,884 (13.7%) 1.39 5,600
    2022-07-01 $599,890 (11.1%) $851,360 (12.0%) 1.35 7,393
    2022-08-01 $575,125 (5.4%) $824,629 (10.4%) 1.33 8,224
    2022-09-01 $559,286 (2.3%) $803,629 (6.7%) 1.31 8,489
    2022-10-01 $549,900 (0.0%) $798,465 (5.0%) 1.29 8,593
    2022-11-01 $531,428 (-3.3%) $783,801 (1.5%) 1.28 8,321
    2022-12-01 $525,000 (-3.6%) $776,743 (0.6%) 1.30 7,080
    2023-01-01 $522,197 (-4.9%) $774,700 (-4.1%) 1.29 6,304
    2023-02-01 $530,998 (-8.1%) $810,729 (-7.2%) 1.28 6,115
    2023-03-01 $549,945 (-8.3%) $837,303 (-8.1%) 1.30 6,530
    2023-04-01 $569,000 (-9.0%) $862,834 (-8.0%) 1.32 7,199
    2023-05-01 $583,751 (-7.3%) $881,723 (-2.6%) 1.32 7,622
    2023-06-01 $580,000 (-6.8%) $881,099 (1.1%) 1.30 8,279
    2023-07-01 $575,000 (-4.2%) $866,477 (1.8%) 1.31 8,522
    2023-08-01 $568,237 (-1.2%) $853,114 (3.5%) 1.30 8,611
    2023-09-01 $555,900 (-0.6%) $852,553 (6.1%) 1.29 8,719
    2023-10-01 $549,900 (0.0%) $844,200 (5.7%) 1.29 8,755
    2023-11-01 $549,495 (3.4%) $831,522 (6.1%) 1.31 8,493
    Austin's median listing price for 2023-11-01 was $549,495, a difference of $18,067 (3.4%) versus the prior year and $-405 versus the prior month.

    Austin's median listing price comes in at 131% of the national average.

    Austin's average listing price for 2023-11-01 was $831,522, a difference of $47,721 (6.1%) versus the prior year and $-12,678 versus the prior month.

    For the 2023-11-01 period, Austin had 8,493 MLS listings, a difference of -262 listings (-3%) versus the prior month and 172 listings (2%) 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 2,253 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 70 days 2,164 sqft
    2019-01-01 76 days 2,144 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 2,210 sqft
    2019-07-01 48 days 2,199 sqft
    2019-08-01 50 days 2,180 sqft
    2019-09-01 54 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 2,090 sqft
    2020-09-01 49 days 2,067 sqft
    2020-10-01 45 days 2,018 sqft
    2020-11-01 45 days 1,968 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 2,027 sqft
    2021-04-01 20 days 2,059 sqft
    2021-05-01 22 days 2,069 sqft
    2021-06-01 14 days 2,055 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 2,091 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 2,111 sqft
    2022-05-01 16 days 2,125 sqft
    2022-06-01 21 days 2,150 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 2,048 sqft
    2023-01-01 79 days 2,045 sqft
    2023-02-01 70 days 2,073 sqft
    2023-03-01 51 days 2,093 sqft
    2023-04-01 44 days 2,122 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
    Austin's median listing age (time on market) for 2023-11-01 was 65 days. This is 8% longer than the same period one year ago.

    Austin's median square footage for active listings during the 2023-11-01 period was 2,099 sqft. One year prior, the average listing was 2,051 sqft.