Austin USDA Loans

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 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.