Austin USDA Loan Rates, Closing Costs & Stats

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 6.32% for the week of 2022-12-02, compared to the national average (all USDA variants) of 6.437% for the same period.

Austin's average USDA mortgage closing costs are $7,122.

The average rate for the prior week (2022-11-25) was 6.45% and one month ago for the week of 2022-10-28, the average rate was 6.63%.

The average rate one year ago was 3.12%.

For refis of the same type during the week of 2022-12-02, the average rate was 6.2%.

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 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
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 $359,920 (-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%) 1.20 8,364
2018-10-01 $349,995 (-4.1%) $533,472 (-4.0%) 1.18 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 $358,571 (-3.9%) $543,260 (-5.0%) 1.17 6,676
2019-04-01 $369,995 (-1.7%) $559,464 (-3.9%) 1.17 7,048
2019-05-01 $370,998 (-1.1%) $571,312 (-1.1%) 1.16 7,339
2019-06-01 $369,000 (-1.6%) $566,897 (-0.4%) 1.15 7,745
2019-07-01 $363,995 (-1.3%) $560,664 (1.8%) 1.14 8,020
2019-08-01 $362,155 (-0.1%) $558,651 (3.8%) 1.15 7,933
2019-09-01 $360,886 (0.5%) $558,984 (4.4%) 1.15 7,656
2019-10-01 $359,450 (2.7%) $559,068 (4.8%) 1.16 7,427
2019-11-01 $355,000 (1.5%) $558,727 (5.9%) 1.16 6,907
2019-12-01 $349,995 (0.3%) $551,370 (7.1%) 1.17 6,074
2020-01-01 $350,228 (0.5%) $556,943 (8.0%) 1.17 5,454
2020-02-01 $363,533 (3.9%) $593,704 (13.3%) 1.19 5,119
2020-03-01 $374,995 (4.6%) $607,314 (11.8%) 1.17 5,396
2020-04-01 $369,725 (-0.1%) $569,696 (1.8%) 1.16 6,093
2020-05-01 $379,990 (2.4%) $599,199 (4.9%) 1.16 6,377
2020-06-01 $395,000 (7.1%) $638,629 (12.7%) 1.16 5,680
2020-07-01 $396,276 (8.9%) $632,915 (12.9%) 1.15 5,331
2020-08-01 $399,990 (10.5%) $646,174 (15.7%) 1.15 4,916
2020-09-01 $414,500 (14.9%) $664,651 (18.9%) 1.19 4,193
2020-10-01 $420,000 (16.9%) $681,473 (21.9%) 1.20 3,899
2020-11-01 $422,127 (18.9%) $680,878 (21.9%) 1.23 3,365
2020-12-01 $427,500 (22.1%) $687,413 (24.7%) 1.27 2,713
2021-01-01 $432,916 (23.6%) $711,721 (27.8%) 1.29 1,829
2021-02-01 $447,000 (23.0%) $743,427 (25.2%) 1.30 1,396
2021-03-01 $467,450 (24.7%) $725,564 (19.5%) 1.33 1,557
2021-04-01 $497,450 (34.6%) $745,126 (30.8%) 1.35 1,721
2021-05-01 $499,995 (31.6%) $753,848 (25.8%) 1.32 1,964
2021-06-01 $530,000 (34.2%) $765,647 (19.9%) 1.40 2,386
2021-07-01 $539,000 (36.0%) $758,294 (19.8%) 1.42 3,084
2021-08-01 $543,037 (35.8%) $744,863 (15.3%) 1.45 3,546
2021-09-01 $546,495 (31.8%) $751,463 (13.1%) 1.46 3,804
2021-10-01 $549,900 (30.9%) $759,269 (11.4%) 1.47 3,650
2021-11-01 $549,206 (30.1%) $770,592 (13.2%) 1.47 3,199
2021-12-01 $543,409 (27.1%) $770,826 (12.1%) 1.47 2,487
2022-01-01 $548,000 (26.6%) $806,349 (13.3%) 1.48 1,762
2022-02-01 $576,533 (29.0%) $870,958 (17.2%) 1.50 1,424
2022-03-01 $600,000 (28.4%) $907,703 (25.1%) 1.50 1,603
2022-04-01 $625,000 (25.6%) $937,472 (25.8%) 1.49 2,029
2022-05-01 $628,245 (25.7%) $905,295 (20.1%) 1.44 3,607
2022-06-01 $622,445 (17.4%) $871,703 (13.9%) 1.39 5,618
2022-07-01 $599,000 (11.1%) $853,337 (12.5%) 1.36 7,411
2022-08-01 $575,000 (5.9%) $824,948 (10.8%) 1.33 8,241
2022-09-01 $558,275 (2.2%) $805,069 (7.1%) 1.31 8,506
2022-10-01 $549,900 (0.0%) $799,545 (5.3%) 1.29 8,610
2022-11-01 $530,650 (-3.4%) $784,559 (1.8%) 1.28 8,339
Austin's median listing price for 2022-11-01 was $530,650, a difference of $-18,556 (-3.4%) versus the prior year and $-19,250 versus the prior month.

Austin's median listing price comes in at 128% of the national average.

Austin's average listing price for 2022-11-01 was $784,559, a difference of $13,967 (1.8%) versus the prior year and $-14,986 versus the prior month.

For the 2022-11-01 period, Austin had 8,339 MLS listings, a difference of -271 listings (-3%) versus the prior month and 5,140 listings (161%) 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 51 days 2,198 sqft
2019-04-01 45 days 2,222 sqft
2019-05-01 45 days 2,219 sqft
2019-06-01 46 days 2,209 sqft
2019-07-01 50 days 2,198 sqft
2019-08-01 52 days 2,180 sqft
2019-09-01 56 days 2,168 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 45 days 2,089 sqft
2020-09-01 50 days 2,068 sqft
2020-10-01 46 days 2,018 sqft
2020-11-01 47 days 1,968 sqft
2020-12-01 54 days 1,954 sqft
2021-01-01 56 days 1,939 sqft
2021-02-01 36 days 1,941 sqft
2021-03-01 28 days 2,028 sqft
2021-04-01 21 days 2,060 sqft
2021-05-01 22 days 2,069 sqft
2021-06-01 15 days 2,056 sqft
2021-07-01 17 days 2,088 sqft
2021-08-01 23 days 2,100 sqft
2021-09-01 28 days 2,102 sqft
2021-10-01 31 days 2,094 sqft
2021-11-01 38 days 2,103 sqft
2021-12-01 46 days 2,094 sqft
2022-01-01 47 days 2,088 sqft
2022-02-01 21 days 2,068 sqft
2022-03-01 15 days 2,072 sqft
2022-04-01 15 days 2,117 sqft
2022-05-01 16 days 2,120 sqft
2022-06-01 21 days 2,146 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 57 days 2,070 sqft
2022-11-01 61 days 2,050 sqft
Austin's median listing age (time on market) for 2022-11-01 was 61 days. This is 61% longer than the same period one year ago.

Austin's median square footage for active listings during the 2022-11-01 period was 2,050 sqft. One year prior, the average listing was 2,103 sqft.