Beaumont USDA Loan Rates, Closing Costs & Stats

BEAUMONT-PORT ARTHUR, 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.

    Beaumont's 19 lenders originated 35 USDA loans during 2023. The total origination value was $5,675,000, with an average USDA loan value of $162,143.

    Beaumont USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Beaumont averaged 0.21% for the week of 2024-11-15, compared to the national average (all USDA variants) of 0% for the same period.

    Beaumont's average USDA mortgage closing costs are $5,884.

    The average rate for the prior week (2024-11-08) was 6.37% and one month ago for the week of 2024-10-11, the average rate was 5.93%.

    The average rate one year ago was 7.26%.

    For refis of the same type during the week of 2024-11-15, the average rate was 0.34%.

    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

    Beaumont 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 Beaumont level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    OPEN MORTGAGE, LLC 4 6.34% $5,947
    Republic State Mortgage Co. 4 6.38% $7,899
    AMCAP MORTGAGE, LTD. 3 6.46% $10,291
    GUILD MORTGAGE COMPANY 3 6.58% $9,032
    UNITED WHOLESALE MORTGAGE, LLC 3 6.46% $7,405
    MID AMERICA MORTGAGE, INC. 2 6.56% $14,626
    Flagstar Bank, FSB 2 6.66% $6,049
    LEGEND LENDING CORPORATION 2 6.56% $10,604
    Mortgage Research Center, LLC 1 6.25% $2,074
    Citizens Bank 1 6.88% $7,663
    Regions Bank 1 5.88% $14,272
    Bank of England 1 6.25% $8,758
    SECURITYNATIONAL MORTGAGE COMPANY 1 6.00% $5,737
    T2 FINANCIAL LLC 1 7.25% $8,868
    EVERETT FINANCIAL, INC. 1 6.13% $8,277
    FBC MORTGAGE, LLC 1 5.49% $5,761
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 6.25% $13,118
    THRIVE MORTGAGE, LLC 1 6.63% $7,536
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 1 6.75% $8,219

    The top Beaumont USDA lender as defined by loan originations is OPEN MORTGAGE, LLC, with 4 USDA loans originated. Their average total fees are $5,947, which is $1,952 lower than the next largest lender, Republic State Mortgage Co..

    The lowest fee Beaumont USDA lenders (with over 10 loans originated) are .

    The lowest rate Beaumont USDA lenders (with over 10 loans originated) are .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Beaumont (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 $159,700 (-3.1%) $213,766 (1.7%) 0.59 982
    2018-02-01 $157,975 (-6.7%) $219,818 (4.5%) 0.57 999
    2018-03-01 $155,450 (-9.6%) $212,592 (-0.3%) 0.55 980
    2018-04-01 $158,950 (-11.4%) $219,713 (-0.4%) 0.54 1,016
    2018-05-01 $165,000 (-8.1%) $226,631 (1.8%) 0.55 1,063
    2018-06-01 $172,500 (-3.7%) $229,262 (3.0%) 0.58 1,135
    2018-07-01 $175,250 (0.2%) $230,567 (7.4%) 0.59 1,220
    2018-08-01 $178,000 (1.8%) $230,130 (6.6%) 0.60 1,266
    2018-09-01 $178,950 (5.3%) $226,911 (4.1%) 0.60 1,260
    2018-10-01 $179,900 (7.5%) $225,164 (4.2%) 0.61 1,272
    2018-11-01 $177,450 (10.9%) $223,695 (5.0%) 0.60 1,256
    2018-12-01 $175,000 (9.4%) $226,253 (6.0%) 0.60 1,228
    2019-01-01 $174,950 (9.6%) $228,919 (7.1%) 0.60 1,206
    2019-02-01 $177,575 (12.4%) $229,363 (4.3%) 0.60 1,239
    2019-03-01 $184,100 (18.4%) $230,864 (8.6%) 0.60 1,301
    2019-04-01 $189,000 (18.9%) $232,657 (5.9%) 0.60 1,334
    2019-05-01 $189,900 (15.1%) $233,908 (3.2%) 0.59 1,318
    2019-06-01 $190,000 (10.1%) $234,131 (2.1%) 0.59 1,354
    2019-07-01 $191,125 (9.1%) $231,792 (0.5%) 0.60 1,415
    2019-08-01 $190,805 (7.2%) $230,221 (0.0%) 0.60 1,452
    2019-09-01 $192,011 (7.3%) $231,395 (2.0%) 0.61 1,432
    2019-10-01 $192,816 (7.2%) $231,163 (2.7%) 0.62 1,417
    2019-11-01 $189,900 (7.0%) $228,733 (2.3%) 0.62 1,375
    2019-12-01 $184,900 (5.7%) $228,476 (1.0%) 0.62 1,325
    2020-01-01 $186,700 (6.7%) $231,137 (1.0%) 0.62 1,243
    2020-02-01 $185,450 (4.4%) $231,234 (0.8%) 0.61 1,241
    2020-03-01 $189,450 (2.9%) $235,791 (2.1%) 0.59 1,228
    2020-04-01 $194,900 (3.1%) $237,796 (2.2%) 0.61 1,198
    2020-05-01 $199,000 (4.8%) $243,387 (4.1%) 0.60 1,218
    2020-06-01 $203,225 (7.0%) $246,804 (5.4%) 0.60 1,327
    2020-07-01 $206,950 (8.3%) $247,738 (6.9%) 0.60 1,308
    2020-08-01 $209,900 (10.0%) $250,778 (8.9%) 0.60 1,256
    2020-09-01 $214,250 (11.6%) $250,463 (8.2%) 0.61 1,155
    2020-10-01 $211,000 (9.4%) $249,754 (8.0%) 0.60 1,157
    2020-11-01 $207,400 (9.2%) $248,099 (8.5%) 0.61 1,159
    2020-12-01 $201,125 (8.8%) $249,829 (9.4%) 0.60 1,068
    2021-01-01 $205,000 (9.8%) $251,129 (8.7%) 0.61 1,033
    2021-02-01 $208,033 (12.2%) $250,026 (8.1%) 0.61 1,054
    2021-03-01 $212,500 (12.2%) $255,782 (8.5%) 0.60 1,069
    2021-04-01 $223,000 (14.4%) $261,407 (9.9%) 0.60 1,021
    2021-05-01 $212,000 (6.5%) $256,624 (5.4%) 0.56 975
    2021-06-01 $213,500 (5.1%) $257,389 (4.3%) 0.56 993
    2021-07-01 $210,000 (1.5%) $255,974 (3.3%) 0.55 1,064
    2021-08-01 $205,500 (-2.1%) $252,251 (0.6%) 0.55 1,131
    2021-09-01 $210,000 (-2.0%) $259,837 (3.7%) 0.56 1,119
    2021-10-01 $210,000 (-0.5%) $260,628 (4.4%) 0.56 1,126
    2021-11-01 $214,900 (3.6%) $264,309 (6.5%) 0.57 1,113
    2021-12-01 $210,000 (4.4%) $262,855 (5.2%) 0.57 1,055
    2022-01-01 $215,000 (4.9%) $274,016 (9.1%) 0.58 1,015
    2022-02-01 $219,995 (5.8%) $277,443 (11.0%) 0.57 1,002
    2022-03-01 $229,450 (8.0%) $280,772 (9.8%) 0.57 1,007
    2022-04-01 $239,000 (7.2%) $287,543 (10.0%) 0.57 1,002
    2022-05-01 $238,200 (12.4%) $296,655 (15.6%) 0.54 1,046
    2022-06-01 $239,800 (12.3%) $302,606 (17.6%) 0.53 1,125
    2022-07-01 $230,000 (9.5%) $292,106 (14.1%) 0.52 1,294
    2022-08-01 $222,150 (8.1%) $284,559 (12.8%) 0.51 1,353
    2022-09-01 $219,675 (4.6%) $280,147 (7.8%) 0.51 1,405
    2022-10-01 $225,000 (7.1%) $284,363 (9.1%) 0.53 1,437
    2022-11-01 $228,900 (6.5%) $282,598 (6.9%) 0.55 1,475
    2022-12-01 $230,000 (9.5%) $278,226 (5.9%) 0.57 1,360
    2023-01-01 $234,700 (9.2%) $280,194 (2.3%) 0.58 1,332
    2023-02-01 $232,500 (5.7%) $296,410 (6.8%) 0.56 1,365
    2023-03-01 $239,450 (4.4%) $281,030 (0.1%) 0.56 1,385
    2023-04-01 $245,000 (2.5%) $282,571 (-1.7%) 0.57 1,300
    2023-05-01 $249,000 (4.5%) $290,315 (-2.1%) 0.56 1,319
    2023-06-01 $250,000 (4.3%) $295,263 (-2.4%) 0.56 1,398
    2023-07-01 $249,900 (8.7%) $291,552 (-0.2%) 0.57 1,471
    2023-08-01 $240,000 (8.0%) $285,330 (0.3%) 0.55 1,475
    2023-09-01 $240,000 (9.3%) $283,252 (1.1%) 0.56 1,502
    2023-10-01 $240,000 (6.7%) $284,109 (-0.1%) 0.56 1,556
    2023-11-01 $239,925 (4.8%) $285,914 (1.2%) 0.57 1,549
    2023-12-01 $240,000 (4.4%) $284,420 (2.2%) 0.59 1,472
    2024-01-01 $239,900 (2.2%) $280,399 (0.1%) 0.59 1,416
    2024-02-01 $234,995 (1.1%) $276,659 (-6.7%) 0.57 1,467
    2024-03-01 $236,970 (-1.0%) $280,479 (-0.2%) 0.56 1,487
    2024-04-01 $239,450 (-2.3%) $283,611 (0.4%) 0.56 1,528
    2024-05-01 $243,725 (-2.1%) $289,529 (-0.3%) 0.55 1,527
    2024-06-01 $245,000 (-2.0%) $288,823 (-2.2%) 0.55 1,558
    2024-07-01 $244,990 (-2.0%) $290,988 (-0.2%) 0.56 1,647
    2024-08-01 $240,000 (0.0%) $289,267 (1.4%) 0.56 1,639
    2024-09-01 $239,450 (-0.2%) $283,783 (0.2%) 0.56 1,681
    2024-10-01 $234,950 (-2.1%) $284,303 (0.1%) 0.55 1,711
    Beaumont's median listing price for 2024-10-01 was $234,950, a difference of $-5,050 (-2.1%) versus the prior year and $-4,500 versus the prior month.

    Beaumont's median listing price comes in at 55% of the national average.

    Beaumont's average listing price for 2024-10-01 was $284,303, a difference of $194 (0.1%) versus the prior year and $520 versus the prior month.

    For the 2024-10-01 period, Beaumont had 1,711 MLS listings, a difference of 30 listings (2%) versus the prior month and 155 listings (10%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Beaumont (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 62 days 2,048 sqft
    2018-02-01 60 days 2,042 sqft
    2018-03-01 53 days 2,023 sqft
    2018-04-01 46 days 2,002 sqft
    2018-05-01 44 days 1,997 sqft
    2018-06-01 47 days 1,982 sqft
    2018-07-01 51 days 1,983 sqft
    2018-08-01 51 days 1,960 sqft
    2018-09-01 56 days 1,962 sqft
    2018-10-01 60 days 1,978 sqft
    2018-11-01 64 days 1,960 sqft
    2018-12-01 68 days 1,946 sqft
    2019-01-01 71 days 1,954 sqft
    2019-02-01 61 days 1,961 sqft
    2019-03-01 50 days 1,981 sqft
    2019-04-01 47 days 2,006 sqft
    2019-05-01 55 days 2,008 sqft
    2019-06-01 58 days 1,995 sqft
    2019-07-01 54 days 1,995 sqft
    2019-08-01 56 days 1,981 sqft
    2019-09-01 59 days 1,979 sqft
    2019-10-01 62 days 1,972 sqft
    2019-11-01 66 days 1,963 sqft
    2019-12-01 73 days 1,953 sqft
    2020-01-01 81 days 1,956 sqft
    2020-02-01 73 days 1,947 sqft
    2020-03-01 57 days 1,960 sqft
    2020-04-01 61 days 1,986 sqft
    2020-05-01 68 days 1,986 sqft
    2020-06-01 53 days 1,985 sqft
    2020-07-01 50 days 1,981 sqft
    2020-08-01 59 days 2,007 sqft
    2020-09-01 72 days 2,006 sqft
    2020-10-01 67 days 2,002 sqft
    2020-11-01 59 days 1,968 sqft
    2020-12-01 61 days 1,948 sqft
    2021-01-01 64 days 1,951 sqft
    2021-02-01 57 days 1,949 sqft
    2021-03-01 53 days 1,965 sqft
    2021-04-01 47 days 1,971 sqft
    2021-05-01 50 days 1,916 sqft
    2021-06-01 45 days 1,914 sqft
    2021-07-01 40 days 1,872 sqft
    2021-08-01 45 days 1,863 sqft
    2021-09-01 50 days 1,903 sqft
    2021-10-01 53 days 1,898 sqft
    2021-11-01 52 days 1,900 sqft
    2021-12-01 61 days 1,874 sqft
    2022-01-01 61 days 1,881 sqft
    2022-02-01 46 days 1,882 sqft
    2022-03-01 43 days 1,883 sqft
    2022-04-01 40 days 1,895 sqft
    2022-05-01 39 days 1,881 sqft
    2022-06-01 39 days 1,890 sqft
    2022-07-01 44 days 1,876 sqft
    2022-08-01 47 days 1,855 sqft
    2022-09-01 58 days 1,842 sqft
    2022-10-01 59 days 1,858 sqft
    2022-11-01 60 days 1,898 sqft
    2022-12-01 70 days 1,905 sqft
    2023-01-01 78 days 1,929 sqft
    2023-02-01 77 days 1,901 sqft
    2023-03-01 63 days 1,911 sqft
    2023-04-01 60 days 1,917 sqft
    2023-05-01 54 days 1,946 sqft
    2023-06-01 52 days 1,948 sqft
    2023-07-01 52 days 1,917 sqft
    2023-08-01 58 days 1,904 sqft
    2023-09-01 59 days 1,896 sqft
    2023-10-01 64 days 1,875 sqft
    2023-11-01 70 days 1,881 sqft
    2023-12-01 75 days 1,885 sqft
    2024-01-01 86 days 1,880 sqft
    2024-02-01 75 days 1,847 sqft
    2024-03-01 59 days 1,844 sqft
    2024-04-01 59 days 1,882 sqft
    2024-05-01 61 days 1,903 sqft
    2024-06-01 58 days 1,904 sqft
    2024-07-01 58 days 1,899 sqft
    2024-08-01 61 days 1,872 sqft
    2024-09-01 65 days 1,843 sqft
    2024-10-01 66 days 1,831 sqft
    Beaumont's median listing age (time on market) for 2024-10-01 was 66 days. This is 4% longer than the same period one year ago.

    Beaumont's median square footage for active listings during the 2024-10-01 period was 1,831 sqft. One year prior, the average listing was 1,875 sqft.