Beaumont USDA Loan Rates, Closing Costs & Stats

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 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 6.79% for the week of 2024-03-22, compared to the national average (all USDA variants) of 6.674% for the same period.

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

The average rate for the prior week (2024-03-15) was 6.51% and one month ago for the week of 2024-02-16, the average rate was 6.49%.

The average rate one year ago was 6.39%.

For refis of the same type during the week of 2024-03-22, the average rate was 6.71%.

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
Beaumont's median listing price for 2024-02-01 was $234,995, a difference of $2,495 (1.1%) versus the prior year and $-4,905 versus the prior month.

Beaumont's median listing price comes in at 57% of the national average.

Beaumont's average listing price for 2024-02-01 was $276,659, a difference of $-19,751 (-6.7%) versus the prior year and $-3,740 versus the prior month.

For the 2024-02-01 period, Beaumont had 1,467 MLS listings, a difference of 51 listings (4%) versus the prior month and 102 listings (7%) 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
Beaumont's median listing age (time on market) for 2024-02-01 was 75 days. This is -2% shorter than the same period one year ago.

Beaumont's median square footage for active listings during the 2024-02-01 period was 1,847 sqft. One year prior, the average listing was 1,901 sqft.