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 5.85% for the week of 2023-05-26, compared to the national average (all USDA variants) of 6.63% for the same period.

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

    The average rate for the prior week (2023-05-19) was 6% and one month ago for the week of 2023-04-21, the average rate was 5.7%.

    The average rate one year ago was 4.92%.

    For refis of the same type during the week of 2023-05-26, the average rate was 4.93%.

    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 $359,920 (-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%) 1.21 8,364
    2018-10-01 $349,995 (-4.1%) $533,472 (-4.0%) 1.19 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 $359,990 (-3.5%) $550,440 (-3.8%) 1.20 6,632
    2019-04-01 $369,995 (-1.7%) $561,043 (-3.6%) 1.17 7,049
    2019-05-01 $371,000 (-1.1%) $571,380 (-1.1%) 1.16 7,329
    2019-06-01 $369,000 (-1.6%) $566,993 (-0.3%) 1.15 7,732
    2019-07-01 $364,132 (-1.3%) $560,868 (1.9%) 1.14 8,005
    2019-08-01 $365,990 (1.0%) $571,643 (6.2%) 1.15 7,872
    2019-09-01 $364,495 (1.5%) $571,411 (6.7%) 1.15 7,047
    2019-10-01 $358,000 (2.3%) $558,952 (4.8%) 1.16 7,413
    2019-11-01 $355,220 (1.5%) $559,027 (5.9%) 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%) $557,314 (8.1%) 1.17 5,438
    2020-02-01 $363,920 (4.0%) $594,197 (13.4%) 1.19 5,102
    2020-03-01 $374,996 (4.2%) $607,823 (10.4%) 1.18 5,379
    2020-04-01 $369,774 (-0.1%) $570,075 (1.6%) 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%) $639,186 (12.7%) 1.16 5,664
    2020-07-01 $396,495 (8.9%) $633,478 (13.0%) 1.15 5,314
    2020-08-01 $399,999 (9.3%) $646,888 (13.2%) 1.15 4,898
    2020-09-01 $415,495 (14.0%) $665,489 (16.5%) 1.19 4,175
    2020-10-01 $420,000 (17.3%) $682,466 (22.1%) 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%) $746,139 (25.6%) 1.31 1,378
    2021-03-01 $467,495 (24.7%) $727,886 (19.8%) 1.33 1,539
    2021-04-01 $497,500 (34.5%) $747,378 (31.1%) 1.35 1,703
    2021-05-01 $500,000 (31.6%) $755,795 (26.0%) 1.33 1,946
    2021-06-01 $530,356 (34.3%) $767,401 (20.1%) 1.40 2,370
    2021-07-01 $540,000 (36.2%) $760,714 (20.1%) 1.42 3,073
    2021-08-01 $546,500 (36.6%) $747,818 (15.6%) 1.46 3,539
    2021-09-01 $548,093 (31.9%) $753,641 (13.3%) 1.46 3,793
    2021-10-01 $549,900 (30.9%) $760,746 (11.5%) 1.47 3,635
    2021-11-01 $549,613 (30.2%) $772,566 (13.3%) 1.47 3,181
    2021-12-01 $544,950 (27.4%) $772,520 (12.2%) 1.48 2,469
    2022-01-01 $549,000 (26.3%) $807,691 (13.2%) 1.48 1,744
    2022-02-01 $578,605 (28.9%) $874,846 (17.3%) 1.50 1,406
    2022-03-01 $600,225 (28.4%) $911,598 (25.2%) 1.50 1,585
    2022-04-01 $625,000 (25.6%) $940,567 (25.9%) 1.49 2,011
    2022-05-01 $629,495 (25.9%) $907,288 (20.0%) 1.44 3,588
    2022-06-01 $622,486 (17.4%) $873,003 (13.8%) 1.39 5,601
    2022-07-01 $599,000 (10.9%) $854,347 (12.3%) 1.35 7,394
    2022-08-01 $575,000 (5.2%) $825,755 (10.4%) 1.33 8,225
    2022-09-01 $558,802 (2.0%) $805,776 (6.9%) 1.31 8,490
    2022-10-01 $549,900 (0.0%) $800,230 (5.2%) 1.29 8,594
    2022-11-01 $531,448 (-3.3%) $785,188 (1.6%) 1.28 8,322
    2022-12-01 $526,880 (-3.3%) $777,812 (0.7%) 1.30 7,082
    2023-01-01 $522,500 (-4.8%) $776,555 (-3.9%) 1.29 6,305
    2023-02-01 $532,500 (-8.0%) $812,537 (-7.1%) 1.28 6,116
    2023-03-01 $549,983 (-8.4%) $839,230 (-7.9%) 1.30 6,531
    2023-04-01 $570,000 (-8.8%) $865,036 (-8.0%) 1.33 7,200
    Austin's median listing price for 2023-04-01 was $570,000, a difference of $-55,000 (-8.8%) versus the prior year and $20,017 versus the prior month.

    Austin's median listing price comes in at 133% of the national average.

    Austin's average listing price for 2023-04-01 was $865,036, a difference of $-75,531 (-8.0%) versus the prior year and $25,806 versus the prior month.

    For the 2023-04-01 period, Austin had 7,200 MLS listings, a difference of 669 listings (10%) versus the prior month and 5,189 listings (258%) 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 49 days 2,202 sqft
    2019-04-01 45 days 2,225 sqft
    2019-05-01 45 days 2,219 sqft
    2019-06-01 46 days 2,210 sqft
    2019-07-01 50 days 2,199 sqft
    2019-08-01 60 days 2,210 sqft
    2019-09-01 68 days 2,194 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 44 days 2,089 sqft
    2020-09-01 50 days 2,067 sqft
    2020-10-01 46 days 2,018 sqft
    2020-11-01 47 days 1,968 sqft
    2020-12-01 54 days 1,953 sqft
    2021-01-01 55 days 1,938 sqft
    2021-02-01 36 days 1,940 sqft
    2021-03-01 27 days 2,028 sqft
    2021-04-01 20 days 2,059 sqft
    2021-05-01 22 days 2,069 sqft
    2021-06-01 15 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 2,094 sqft
    2021-11-01 37 days 2,103 sqft
    2021-12-01 46 days 2,094 sqft
    2022-01-01 46 days 2,088 sqft
    2022-02-01 20 days 2,067 sqft
    2022-03-01 15 days 2,071 sqft
    2022-04-01 15 days 2,117 sqft
    2022-05-01 16 days 2,120 sqft
    2022-06-01 21 days 2,147 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 56 days 2,070 sqft
    2022-11-01 60 days 2,049 sqft
    2022-12-01 73 days 2,048 sqft
    2023-01-01 80 days 2,044 sqft
    2023-02-01 72 days 2,074 sqft
    2023-03-01 52 days 2,093 sqft
    2023-04-01 45 days 2,121 sqft
    Austin's median listing age (time on market) for 2023-04-01 was 45 days. This is 200% longer than the same period one year ago.

    Austin's median square footage for active listings during the 2023-04-01 period was 2,121 sqft. One year prior, the average listing was 2,117 sqft.