Austin USDA Loan Rates, Closing Costs & Stats

AUSTIN-ROUND ROCK-GEORGETOWN, TX

  • JUMP TO:
  • Trends
  • Rates vs Fees
  • Top Lenders
  • Markets
  • Market Conditions & Pricing
  • Time on Market/Property Size

    • 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 5.73% 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 $7,452.

    The average rate for the prior week (2024-12-06) was 5.67% and one month ago for the week of 2024-11-08, the average rate was 6.19%.

    The average rate one year ago was 6.15%.

    For refis of the same type during the week of 2024-12-13, the average rate was 6.13%.

    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
    2024-05-01 $565,000 (-3.2%) $882,097 (0.1%) 1.28 9,906
    2024-06-01 $550,000 (-5.2%) $858,849 (-2.5%) 1.24 10,913
    2024-07-01 $537,000 (-6.6%) $822,134 (-5.1%) 1.23 11,119
    2024-08-01 $525,000 (-7.6%) $805,266 (-5.6%) 1.22 10,818
    2024-09-01 $520,000 (-6.6%) $800,619 (-6.1%) 1.22 10,719
    2024-10-01 $520,000 (-5.4%) $806,077 (-4.5%) 1.22 10,387
    2024-11-01 $499,990 (-9.0%) $776,458 (-6.6%) 1.20 9,819
    Austin's median listing price for 2024-11-01 was $499,990, a difference of $-49,505 (-9.0%) versus the prior year and $-20,010 versus the prior month.

    Austin's median listing price comes in at 120% of the national average.

    Austin's average listing price for 2024-11-01 was $776,458, a difference of $-54,983 (-6.6%) versus the prior year and $-29,619 versus the prior month.

    For the 2024-11-01 period, Austin had 9,819 MLS listings, a difference of -568 listings (-5%) versus the prior month and 1,322 listings (16%) 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
    2024-05-01 43 days 2,108 sqft
    2024-06-01 50 days 2,099 sqft
    2024-07-01 58 days 2,078 sqft
    2024-08-01 65 days 2,072 sqft
    2024-09-01 72 days 2,070 sqft
    2024-10-01 73 days 2,067 sqft
    2024-11-01 77 days 2,039 sqft
    Austin's median listing age (time on market) for 2024-11-01 was 77 days. This is 19% longer than the same period one year ago.

    Austin's median square footage for active listings during the 2024-11-01 period was 2,039 sqft. One year prior, the average listing was 2,099 sqft.