Beaumont USDA Loans

BEAUMONT-PORT ARTHUR, TX

  • JUMP TO:
  • Trends
  • Rates vs Fees
  • Top Lenders
  • Markets

    • 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 27 lenders originated 84 USDA loans during 2021. The total origination value was $12,650,000, with an average USDA loan value of $150,595.

    Beaumont USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Beaumont averaged 5.56% for the week of 2022-05-20, compared to the national average (all USDA variants) of 5.315% for the same period.

    The average rate for the prior week (2022-05-13) was 5.45% and one month ago for the week of 2022-04-15, the average rate was 4.94%.

    The average rate one year ago was 3.29%.

    For refis of the same type during the week of 2022-05-20, the average rate was 5.2%.

    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 and rates for USDA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Beaumont level.

    Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
    GUILD MORTGAGE COMPANY 12 2.99% $7,280
    Republic State Mortgage Co. 10 2.90% $5,526
    Magnolia Bank 7 3.20% $3,616
    FBC MORTGAGE, LLC 6 2.83% $6,024
    Gateway First Bank 6 3.81% $4,603
    GUARANTEED RATE, INC. 5 3.25% $7,009
    PLAZA HOME MORTGAGE, INC. 4 2.84% $8,304
    Citizens Bank 4 3.25% $4,725
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 3 3.63% $6,771
    OPEN MORTGAGE, LLC 3 2.88% $6,425
    Flagstar Bank, FSB 3 2.67% $6,592
    CALIBER HOME LOANS, INC. 2 2.87% $5,530
    HOMESIDE FINANCIAL, LLC 2 3.69% $6,680
    PENNYMAC LOAN SERVICES, LLC 2 2.94% $6,032
    HOME POINT FINANCIAL CORPORATION 1 2.88% $6,745
    THRIVE MORTGAGE, LLC 1 2.75% $6,524
    LEADERONE FINANCIAL CORPORATION 1 3.13% $4,740
    First Guaranty Mortgage Corporation 1 3.50% $8,691
    MID AMERICA MORTGAGE, INC. 1 3.25% $6,613
    NTFN, INC. 1 2.88% $6,896
    CROSSCOUNTRY MORTGAGE, LLC 1 3.50% $3,994
    UNITED WHOLESALE MORTGAGE, LLC 1 2.76% $8,843
    City Bank 1 2.75% $5,049
    PRIMARY RESIDENTIAL MORTGAGE, INC. 1 3.13% $5,201
    Carrington Mortgage Services, LLC 1 2.50% $4,792
    FREEDOM MORTGAGE CORPORATION 1 2.75% $6,147
    First National Bank Texas 1 3.25% $6,089

    The top Beaumont USDA lender as defined by loan originations is GUILD MORTGAGE COMPANY, with 12 USDA loans originated. Their average total fees are $7,280, which is $1,754 higher than the next largest lender, Republic State Mortgage Co..

    The lowest fee Beaumont USDA lenders (with over 10 loans originated) are Republic State Mortgage Co. ($5,526), GUILD MORTGAGE COMPANY ($7,280), .

    The lowest rate Beaumont USDA lenders (with over 10 loans originated) are Republic State Mortgage Co. (2.90%), GUILD MORTGAGE COMPANY (2.99%), .