Austin USDA Loans

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 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 5.27% for the week of 2022-05-13, compared to the national average (all USDA variants) of 5.294% for the same period.

The average rate for the prior week (2022-05-06) was 5.41% and one month ago for the week of 2022-04-08, the average rate was 4.67%.

The average rate one year ago was 2.98%.

For refis of the same type during the week of 2022-05-13, the average rate was 5.16%.

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 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. Total Fees
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 $359,091 (-7.7%) $560,270 (-5.5%) 1.32 6,221
2018-02-01 $364,273 (-7.6%) $567,083 (-5.4%) 1.31 6,224
2018-03-01 $369,933 (-5.8%) $577,756 (-3.6%) 1.28 6,723
2018-04-01 $375,000 (-6.0%) $590,522 (-2.6%) 1.26 7,345
2018-05-01 $375,000 (-6.0%) $584,956 (-2.0%) 1.25 7,877
2018-06-01 $375,000 (-4.5%) $576,839 (-2.2%) 1.25 8,412
2018-07-01 $369,679 (-4.0%) $558,113 (-3.5%) 1.23 8,780
2018-08-01 $362,662 (-3.3%) $542,099 (-3.0%) 1.21 8,926
2018-09-01 $359,900 (-2.7%) $541,896 (-3.3%) 1.20 8,959
2018-10-01 $349,945 (-4.1%) $532,576 (-4.5%) 1.17 8,965
2018-11-01 $349,900 (-4.1%) $527,648 (-4.9%) 1.17 8,477
2018-12-01 $348,155 (-3.7%) $513,532 (-7.7%) 1.19 7,601
2019-01-01 $346,500 (-3.5%) $513,494 (-8.4%) 1.19 6,897
2019-02-01 $349,750 (-4.0%) $521,095 (-8.1%) 1.17 6,846
2019-03-01 $358,567 (-3.1%) $539,224 (-6.7%) 1.17 7,075
2019-04-01 $369,945 (-1.4%) $556,975 (-5.7%) 1.16 7,437
2019-05-01 $370,620 (-1.2%) $568,952 (-2.7%) 1.14 7,728
2019-06-01 $369,000 (-1.6%) $564,738 (-2.1%) 1.14 8,203
2019-07-01 $364,370 (-1.4%) $558,382 (0.1%) 1.13 8,483
2019-08-01 $360,009 (-0.7%) $553,337 (2.1%) 1.13 8,363
2019-09-01 $354,495 (-1.5%) $545,191 (0.6%) 1.13 8,071
2019-10-01 $355,745 (1.7%) $553,295 (3.9%) 1.13 7,870
2019-11-01 $354,990 (1.5%) $558,622 (5.9%) 1.15 7,334
2019-12-01 $349,950 (0.5%) $552,648 (7.6%) 1.17 6,489
2020-01-01 $349,950 (1.0%) $558,478 (8.8%) 1.17 5,856
2020-02-01 $359,900 (2.9%) $587,977 (12.8%) 1.16 5,453
2020-03-01 $372,500 (3.9%) $607,212 (12.6%) 1.16 5,719
2020-04-01 $369,250 (-0.2%) $569,837 (2.3%) 1.15 6,483
2020-05-01 $379,000 (2.3%) $601,261 (5.7%) 1.15 6,710
2020-06-01 $395,000 (7.1%) $651,263 (15.3%) 1.15 5,971
2020-07-01 $395,000 (8.4%) $648,954 (16.2%) 1.13 5,608
2020-08-01 $400,446 (11.2%) $659,728 (19.2%) 1.14 5,122
2020-09-01 $417,495 (17.8%) $681,843 (25.1%) 1.19 4,381
2020-10-01 $415,000 (16.7%) $679,962 (22.9%) 1.19 4,119
2020-11-01 $417,350 (17.6%) $680,980 (21.9%) 1.20 3,537
2020-12-01 $422,000 (20.6%) $689,209 (24.7%) 1.24 2,869
2021-01-01 $425,000 (21.5%) $717,682 (28.5%) 1.25 1,911
2021-02-01 $437,500 (21.6%) $750,325 (27.6%) 1.26 1,440
2021-03-01 $461,450 (23.9%) $724,055 (19.2%) 1.29 1,593
2021-04-01 $489,950 (32.7%) $745,884 (30.9%) 1.32 1,771
2021-05-01 $499,000 (31.7%) $751,429 (25.0%) 1.31 2,030
2021-06-01 $522,500 (32.3%) $771,075 (18.4%) 1.36 2,415
2021-07-01 $537,450 (36.1%) $765,996 (18.0%) 1.40 3,063
2021-08-01 $542,500 (35.5%) $749,475 (13.6%) 1.43 3,670
2021-09-01 $542,500 (29.9%) $749,748 (10.0%) 1.43 3,926
2021-10-01 $549,900 (32.5%) $763,037 (12.2%) 1.45 3,788
2021-11-01 $549,700 (31.7%) $777,615 (14.2%) 1.45 3,292
2021-12-01 $543,573 (28.8%) $777,516 (12.8%) 1.45 2,571
2022-01-01 $545,000 (28.2%) $812,718 (13.2%) 1.45 1,847
2022-02-01 $575,000 (31.4%) $877,634 (17.0%) 1.47 1,461
2022-03-01 $600,000 (30.0%) $921,803 (27.3%) 1.48 1,639
2022-04-01 $625,000 (27.6%) $944,648 (26.7%) 1.47 2,082
Austin's median listing price for 2022-04-01 was $625,000, a difference of $135,050 (27.6%) versus the prior year and $25,000 versus the prior month.

Austin's median listing price comes in at 147% of the national average.

Austin's average listing price for 2022-04-01 was $944,648, a difference of $198,764 (26.7%) versus the prior year and $22,845 versus the prior month.

For the 2022-04-01 period, Austin had 2,082 MLS listings, a difference of 443 listings (27%) versus the prior month and 311 listings (18%) 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 2,255 sqft
2018-02-01 63 days 2,276 sqft
2018-03-01 45 days 2,301 sqft
2018-04-01 43 days 2,329 sqft
2018-05-01 44 days 2,318 sqft
2018-06-01 46 days 2,315 sqft
2018-07-01 50 days 2,286 sqft
2018-08-01 51 days 2,244 sqft
2018-09-01 57 days 2,224 sqft
2018-10-01 61 days 2,182 sqft
2018-11-01 64 days 2,177 sqft
2018-12-01 71 days 2,172 sqft
2019-01-01 79 days 2,155 sqft
2019-02-01 65 days 2,166 sqft
2019-03-01 51 days 2,204 sqft
2019-04-01 47 days 2,229 sqft
2019-05-01 46 days 2,229 sqft
2019-06-01 47 days 2,223 sqft
2019-07-01 50 days 2,208 sqft
2019-08-01 53 days 2,178 sqft
2019-09-01 58 days 2,150 sqft
2019-10-01 59 days 2,160 sqft
2019-11-01 61 days 2,157 sqft
2019-12-01 66 days 2,148 sqft
2020-01-01 71 days 2,150 sqft
2020-02-01 60 days 2,150 sqft
2020-03-01 44 days 2,163 sqft
2020-04-01 42 days 2,137 sqft
2020-05-01 51 days 2,151 sqft
2020-06-01 49 days 2,162 sqft
2020-07-01 44 days 2,122 sqft
2020-08-01 42 days 2,098 sqft
2020-09-01 45 days 2,064 sqft
2020-10-01 46 days 2,020 sqft
2020-11-01 49 days 1,973 sqft
2020-12-01 56 days 1,953 sqft
2021-01-01 58 days 1,949 sqft
2021-02-01 42 days 1,945 sqft
2021-03-01 34 days 2,036 sqft
2021-04-01 27 days 2,054 sqft
2021-05-01 26 days 2,080 sqft
2021-06-01 16 days 2,060 sqft
2021-07-01 19 days 2,085 sqft
2021-08-01 23 days 2,101 sqft
2021-09-01 28 days 2,099 sqft
2021-10-01 32 days 2,096 sqft
2021-11-01 37 days 2,114 sqft
2021-12-01 42 days 2,100 sqft
2022-01-01 46 days 2,077 sqft
2022-02-01 26 days 2,071 sqft
2022-03-01 17 days 2,076 sqft
2022-04-01 15 days 2,117 sqft
Austin's median listing age (time on market) for 2022-04-01 was 15 days. This is -43% shorter than the same period one year ago.

Austin's median square footage for active listings during the 2022-04-01 period was 2,117 sqft. One year prior, the average listing was 2,054 sqft.