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 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 6.04% for the week of 2023-12-08, compared to the national average (all USDA variants) of 6.821% for the same period.

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

The average rate for the prior week (2023-12-01) was 6.29% and one month ago for the week of 2023-11-03, the average rate was 6.73%.

The average rate one year ago was 5.73%.

For refis of the same type during the week of 2023-12-08, the average rate was 5.12%.

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 $359,928 (-7.5%) $555,055 (-5.1%) 1.33 5,910
2018-02-01 $365,506 (-7.3%) $564,977 (-5.0%) 1.33 5,884
2018-03-01 $372,990 (-5.0%) $572,111 (-4.3%) 1.31 6,335
2018-04-01 $376,552 (-5.6%) $582,167 (-3.9%) 1.28 6,924
2018-05-01 $375,000 (-5.9%) $577,542 (-3.1%) 1.25 7,436
2018-06-01 $374,900 (-4.6%) $569,902 (-3.2%) 1.25 7,940
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 (-3.2%) $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%) $528,607 (-4.4%) 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%) $543,261 (-5.0%) 1.17 6,674
2019-04-01 $369,995 (-1.7%) $559,377 (-3.9%) 1.17 7,042
2019-05-01 $371,056 (-1.1%) $571,410 (-1.1%) 1.16 7,329
2019-06-01 $369,000 (-1.6%) $566,955 (-0.5%) 1.15 7,732
2019-07-01 $364,132 (-1.3%) $560,991 (1.9%) 1.14 8,005
2019-08-01 $362,347 (0.0%) $558,828 (3.8%) 1.15 7,918
2019-09-01 $360,971 (0.6%) $559,170 (4.4%) 1.16 7,642
2019-10-01 $359,450 (2.7%) $559,298 (4.8%) 1.16 7,413
2019-11-01 $355,000 (1.5%) $558,990 (5.8%) 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%) $557,226 (8.1%) 1.17 5,438
2020-02-01 $363,900 (4.0%) $594,134 (13.3%) 1.19 5,102
2020-03-01 $374,998 (4.6%) $607,808 (11.9%) 1.18 5,379
2020-04-01 $369,745 (-0.1%) $570,066 (1.9%) 1.16 6,075
2020-05-01 $379,999 (2.4%) $599,651 (4.9%) 1.16 6,360
2020-06-01 $395,000 (7.1%) $639,260 (12.8%) 1.16 5,664
2020-07-01 $396,448 (8.9%) $633,425 (12.9%) 1.15 5,314
2020-08-01 $399,999 (10.4%) $646,888 (15.8%) 1.15 4,898
2020-09-01 $415,495 (15.1%) $665,446 (19.0%) 1.19 4,175
2020-10-01 $420,000 (16.9%) $682,466 (22.0%) 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%) $745,851 (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%) $747,283 (31.1%) 1.35 1,703
2021-05-01 $500,000 (31.6%) $755,795 (26.0%) 1.33 1,946
2021-06-01 $530,000 (34.2%) $766,975 (20.0%) 1.40 2,370
2021-07-01 $540,000 (36.2%) $760,165 (20.0%) 1.42 3,072
2021-08-01 $545,809 (36.5%) $747,261 (15.5%) 1.46 3,538
2021-09-01 $546,950 (31.6%) $753,011 (13.2%) 1.46 3,792
2021-10-01 $549,900 (30.9%) $760,288 (11.4%) 1.47 3,634
2021-11-01 $549,450 (30.1%) $772,012 (13.2%) 1.47 3,180
2021-12-01 $544,500 (27.3%) $772,331 (12.1%) 1.48 2,468
2022-01-01 $549,000 (26.3%) $807,441 (13.2%) 1.48 1,743
2022-02-01 $577,500 (28.6%) $873,820 (17.2%) 1.50 1,405
2022-03-01 $600,000 (28.3%) $910,893 (25.2%) 1.50 1,584
2022-04-01 $625,000 (25.6%) $937,589 (25.5%) 1.49 2,010
2022-05-01 $629,542 (25.9%) $904,774 (19.7%) 1.44 3,587
2022-06-01 $622,445 (17.4%) $871,884 (13.7%) 1.39 5,600
2022-07-01 $599,890 (11.1%) $851,360 (12.0%) 1.35 7,393
2022-08-01 $575,125 (5.4%) $824,629 (10.4%) 1.33 8,224
2022-09-01 $559,286 (2.3%) $803,629 (6.7%) 1.31 8,489
2022-10-01 $549,900 (0.0%) $798,465 (5.0%) 1.29 8,593
2022-11-01 $531,428 (-3.3%) $783,801 (1.5%) 1.28 8,321
2022-12-01 $525,000 (-3.6%) $776,743 (0.6%) 1.30 7,080
2023-01-01 $522,197 (-4.9%) $774,700 (-4.1%) 1.29 6,304
2023-02-01 $530,998 (-8.1%) $810,729 (-7.2%) 1.28 6,115
2023-03-01 $549,945 (-8.3%) $837,303 (-8.1%) 1.30 6,530
2023-04-01 $569,000 (-9.0%) $862,834 (-8.0%) 1.32 7,199
2023-05-01 $583,751 (-7.3%) $881,723 (-2.6%) 1.32 7,622
2023-06-01 $580,000 (-6.8%) $881,099 (1.1%) 1.30 8,279
2023-07-01 $575,000 (-4.2%) $866,477 (1.8%) 1.31 8,522
2023-08-01 $568,237 (-1.2%) $853,114 (3.5%) 1.30 8,611
2023-09-01 $555,900 (-0.6%) $852,553 (6.1%) 1.29 8,719
2023-10-01 $549,900 (0.0%) $844,200 (5.7%) 1.29 8,755
2023-11-01 $549,495 (3.4%) $831,522 (6.1%) 1.31 8,493
Austin's median listing price for 2023-11-01 was $549,495, a difference of $18,067 (3.4%) versus the prior year and $-405 versus the prior month.

Austin's median listing price comes in at 131% of the national average.

Austin's average listing price for 2023-11-01 was $831,522, a difference of $47,721 (6.1%) versus the prior year and $-12,678 versus the prior month.

For the 2023-11-01 period, Austin had 8,493 MLS listings, a difference of -262 listings (-3%) versus the prior month and 172 listings (2%) 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 2,253 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 70 days 2,164 sqft
2019-01-01 76 days 2,144 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 2,210 sqft
2019-07-01 48 days 2,199 sqft
2019-08-01 50 days 2,180 sqft
2019-09-01 54 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 2,090 sqft
2020-09-01 49 days 2,067 sqft
2020-10-01 45 days 2,018 sqft
2020-11-01 45 days 1,968 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 2,027 sqft
2021-04-01 20 days 2,059 sqft
2021-05-01 22 days 2,069 sqft
2021-06-01 14 days 2,055 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 2,091 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 2,111 sqft
2022-05-01 16 days 2,125 sqft
2022-06-01 21 days 2,150 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 2,048 sqft
2023-01-01 79 days 2,045 sqft
2023-02-01 70 days 2,073 sqft
2023-03-01 51 days 2,093 sqft
2023-04-01 44 days 2,122 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
Austin's median listing age (time on market) for 2023-11-01 was 65 days. This is 8% longer than the same period one year ago.

Austin's median square footage for active listings during the 2023-11-01 period was 2,099 sqft. One year prior, the average listing was 2,051 sqft.