Beaumont USDA Loans

BEAUMONT-PORT ARTHUR, 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.

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%), .