College Station USDA Loan Rates, Closing Costs & Stats

COLLEGE STATION-BRYAN, 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.

College Station's 6 lenders originated 7 USDA loans during 2023. The total origination value was $1,455,000, with an average USDA loan value of $207,857.

College Station USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in College Station averaged 6.58% for the week of 2024-05-17, compared to the national average (all USDA variants) of 6.75% for the same period.

College Station's average USDA mortgage closing costs are $6,223.

The average rate for the prior week (2024-05-10) was 6.72% and one month ago for the week of 2024-04-12, the average rate was 6.35%.

The average rate one year ago was 6.23%.

For refis of the same type during the week of 2024-05-17, the average rate was 6.74%.

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

College Station 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 College Station level.

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
MOVEMENT MORTGAGE, LLC 2 6.50% $11,989
CARDINAL FINANCIAL 1 7.25% $4,880
Century Mortgage Company DBA Century Lending Company 1 6.88% $5,470
First Financial Bank 1 6.63% $5,978
PLAZA HOME MORTGAGE, INC. 1 6.25% $9,295
UNION HOME MORTGAGE CORP. 1 6.75% $12,023

The top College Station USDA lender as defined by loan originations is MOVEMENT MORTGAGE, LLC, with 2 USDA loans originated. Their average total fees are $11,989, which is $7,109 higher than the next largest lender, CARDINAL FINANCIAL.

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

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


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - College Station (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 $288,250 (-6.0%) $390,378 (-0.9%) 1.07 901
2018-02-01 $279,900 (-9.8%) $391,718 (-1.6%) 1.02 973
2018-03-01 $275,900 (-14.1%) $387,148 (-8.1%) 0.97 1,026
2018-04-01 $274,900 (-15.4%) $383,979 (-10.1%) 0.93 1,077
2018-05-01 $269,950 (-17.9%) $381,726 (-10.7%) 0.90 1,135
2018-06-01 $269,900 (-5.2%) $379,306 (5.6%) 0.90 1,134
2018-07-01 $269,900 (-3.6%) $375,223 (3.5%) 0.90 1,179
2018-08-01 $269,900 (-14.4%) $378,816 (-7.1%) 0.90 1,132
2018-09-01 $270,000 (-12.9%) $386,067 (-2.5%) 0.91 1,096
2018-10-01 $269,900 (-12.9%) $389,782 (-2.9%) 0.91 1,091
2018-11-01 $269,450 (-13.1%) $392,603 (-3.2%) 0.91 1,080
2018-12-01 $266,500 (-11.1%) $369,931 (-7.0%) 0.92 1,045
2019-01-01 $262,400 (-9.0%) $364,833 (-6.5%) 0.91 1,031
2019-02-01 $259,675 (-7.2%) $351,383 (-10.3%) 0.88 1,132
2019-03-01 $259,186 (-6.1%) $351,003 (-9.3%) 0.85 1,197
2019-04-01 $264,925 (-3.6%) $353,458 (-8.0%) 0.84 1,265
2019-05-01 $269,900 (0.0%) $355,701 (-6.8%) 0.84 1,278
2019-06-01 $269,000 (-0.3%) $353,273 (-6.9%) 0.84 1,279
2019-07-01 $269,875 (0.0%) $345,921 (-7.8%) 0.84 1,305
2019-08-01 $269,791 (0.0%) $346,316 (-8.6%) 0.85 1,287
2019-09-01 $269,627 (-0.1%) $350,779 (-9.1%) 0.86 1,270
2019-10-01 $269,718 (-0.1%) $353,064 (-9.4%) 0.87 1,253
2019-11-01 $269,900 (0.2%) $356,228 (-9.3%) 0.88 1,190
2019-12-01 $269,950 (1.3%) $358,107 (-3.2%) 0.90 1,127
2020-01-01 $262,450 (0.0%) $357,157 (-2.1%) 0.88 1,088
2020-02-01 $265,900 (2.4%) $371,509 (5.7%) 0.87 1,243
2020-03-01 $266,725 (2.9%) $365,307 (4.1%) 0.84 1,344
2020-04-01 $271,450 (2.5%) $366,305 (3.6%) 0.85 1,338
2020-05-01 $273,500 (1.3%) $366,868 (3.1%) 0.83 1,295
2020-06-01 $277,313 (3.1%) $371,189 (5.1%) 0.82 1,186
2020-07-01 $266,450 (-1.3%) $368,061 (6.4%) 0.77 1,148
2020-08-01 $262,500 (-2.7%) $370,834 (7.1%) 0.75 1,077
2020-09-01 $252,450 (-6.4%) $371,992 (6.1%) 0.72 1,047
2020-10-01 $249,900 (-7.4%) $369,951 (4.8%) 0.72 975
2020-11-01 $247,100 (-8.5%) $377,607 (6.0%) 0.72 910
2020-12-01 $238,450 (-11.7%) $332,118 (-7.3%) 0.71 831
2021-01-01 $239,900 (-8.6%) $331,686 (-7.1%) 0.72 729
2021-02-01 $242,425 (-8.8%) $341,743 (-8.0%) 0.71 665
2021-03-01 $254,369 (-4.6%) $367,714 (0.7%) 0.72 639
2021-04-01 $271,754 (0.1%) $380,767 (4.0%) 0.74 526
2021-05-01 $305,000 (11.5%) $442,146 (20.5%) 0.81 397
2021-06-01 $324,950 (17.2%) $460,156 (24.0%) 0.86 396
2021-07-01 $327,000 (22.7%) $485,062 (31.8%) 0.86 405
2021-08-01 $298,450 (13.7%) $429,776 (15.9%) 0.80 475
2021-09-01 $295,501 (17.1%) $428,337 (15.2%) 0.79 458
2021-10-01 $306,000 (22.5%) $418,092 (13.0%) 0.82 427
2021-11-01 $292,225 (18.3%) $419,085 (11.0%) 0.78 373
2021-12-01 $289,225 (21.3%) $427,052 (28.6%) 0.78 336
2022-01-01 $284,900 (18.8%) $434,206 (30.9%) 0.77 309
2022-02-01 $322,000 (32.8%) $490,068 (43.4%) 0.84 324
2022-03-01 $322,500 (26.8%) $478,989 (30.3%) 0.81 320
2022-04-01 $329,450 (21.2%) $467,502 (22.8%) 0.79 364
2022-05-01 $350,000 (14.8%) $506,109 (14.5%) 0.80 421
2022-06-01 $359,450 (10.6%) $507,422 (10.3%) 0.80 561
2022-07-01 $344,950 (5.5%) $499,669 (3.0%) 0.78 605
2022-08-01 $352,900 (18.2%) $502,522 (16.9%) 0.82 673
2022-09-01 $356,768 (20.7%) $504,835 (17.9%) 0.83 685
2022-10-01 $354,900 (16.0%) $513,613 (22.9%) 0.84 737
2022-11-01 $365,800 (25.2%) $520,340 (24.2%) 0.88 697
2022-12-01 $370,000 (27.9%) $526,267 (23.2%) 0.91 683
2023-01-01 $367,450 (29.0%) $518,266 (19.4%) 0.91 648
2023-02-01 $359,950 (11.8%) $504,354 (2.9%) 0.87 642
2023-03-01 $379,725 (17.7%) $540,957 (12.9%) 0.90 606
2023-04-01 $399,900 (21.4%) $557,611 (19.3%) 0.93 613
2023-05-01 $399,900 (14.3%) $551,049 (8.9%) 0.91 634
2023-06-01 $380,000 (5.7%) $529,649 (4.4%) 0.85 708
2023-07-01 $370,200 (7.3%) $513,633 (2.8%) 0.84 751
2023-08-01 $370,375 (5.0%) $510,402 (1.6%) 0.85 843
2023-09-01 $370,000 (3.7%) $502,140 (-0.5%) 0.86 899
2023-10-01 $365,312 (2.9%) $492,545 (-4.1%) 0.86 942
2023-11-01 $365,000 (-0.2%) $485,726 (-6.7%) 0.87 935
2023-12-01 $364,900 (-1.4%) $489,688 (-7.0%) 0.89 882
2024-01-01 $366,250 (-0.3%) $485,993 (-6.2%) 0.89 861
2024-02-01 $364,900 (1.4%) $480,764 (-4.7%) 0.88 887
2024-03-01 $365,000 (-3.9%) $492,782 (-8.9%) 0.86 960
2024-04-01 $364,950 (-8.7%) $496,122 (-11.0%) 0.85 1,017
College Station's median listing price for 2024-04-01 was $364,950, a difference of $-34,950 (-8.7%) versus the prior year and $-50 versus the prior month.

College Station's median listing price comes in at 85% of the national average.

College Station's average listing price for 2024-04-01 was $496,122, a difference of $-61,489 (-11.0%) versus the prior year and $3,340 versus the prior month.

For the 2024-04-01 period, College Station had 1,017 MLS listings, a difference of 57 listings (6%) versus the prior month and 404 listings (66%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - College Station (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 73 days 2,083 sqft
2018-02-01 61 days 2,008 sqft
2018-03-01 53 days 2,007 sqft
2018-04-01 52 days 2,000 sqft
2018-05-01 56 days 1,980 sqft
2018-06-01 61 days 1,961 sqft
2018-07-01 66 days 1,980 sqft
2018-08-01 71 days 1,976 sqft
2018-09-01 75 days 1,978 sqft
2018-10-01 79 days 1,931 sqft
2018-11-01 86 days 1,913 sqft
2018-12-01 96 days 1,911 sqft
2019-01-01 88 days 1,895 sqft
2019-02-01 62 days 1,863 sqft
2019-03-01 56 days 1,876 sqft
2019-04-01 65 days 1,904 sqft
2019-05-01 72 days 1,939 sqft
2019-06-01 71 days 1,939 sqft
2019-07-01 71 days 1,947 sqft
2019-08-01 74 days 1,958 sqft
2019-09-01 78 days 1,956 sqft
2019-10-01 82 days 1,955 sqft
2019-11-01 86 days 1,955 sqft
2019-12-01 94 days 1,935 sqft
2020-01-01 90 days 1,900 sqft
2020-02-01 67 days 1,900 sqft
2020-03-01 55 days 1,881 sqft
2020-04-01 69 days 1,906 sqft
2020-05-01 80 days 1,911 sqft
2020-06-01 90 days 1,905 sqft
2020-07-01 81 days 1,858 sqft
2020-08-01 75 days 1,856 sqft
2020-09-01 73 days 1,818 sqft
2020-10-01 75 days 1,794 sqft
2020-11-01 81 days 1,759 sqft
2020-12-01 79 days 1,764 sqft
2021-01-01 74 days 1,752 sqft
2021-02-01 62 days 1,766 sqft
2021-03-01 45 days 1,789 sqft
2021-04-01 39 days 1,826 sqft
2021-05-01 36 days 1,945 sqft
2021-06-01 32 days 2,021 sqft
2021-07-01 34 days 2,049 sqft
2021-08-01 35 days 1,892 sqft
2021-09-01 42 days 1,869 sqft
2021-10-01 48 days 1,889 sqft
2021-11-01 51 days 1,852 sqft
2021-12-01 59 days 1,850 sqft
2022-01-01 53 days 1,854 sqft
2022-02-01 28 days 1,957 sqft
2022-03-01 26 days 1,859 sqft
2022-04-01 22 days 1,884 sqft
2022-05-01 23 days 1,956 sqft
2022-06-01 28 days 1,987 sqft
2022-07-01 40 days 1,953 sqft
2022-08-01 48 days 1,949 sqft
2022-09-01 55 days 1,949 sqft
2022-10-01 62 days 1,934 sqft
2022-11-01 70 days 1,962 sqft
2022-12-01 81 days 1,962 sqft
2023-01-01 86 days 1,958 sqft
2023-02-01 78 days 1,930 sqft
2023-03-01 60 days 2,002 sqft
2023-04-01 57 days 2,041 sqft
2023-05-01 46 days 2,026 sqft
2023-06-01 44 days 1,948 sqft
2023-07-01 55 days 1,897 sqft
2023-08-01 57 days 1,925 sqft
2023-09-01 57 days 1,911 sqft
2023-10-01 67 days 1,888 sqft
2023-11-01 76 days 1,889 sqft
2023-12-01 83 days 1,887 sqft
2024-01-01 84 days 1,896 sqft
2024-02-01 71 days 1,886 sqft
2024-03-01 47 days 1,893 sqft
2024-04-01 51 days 1,894 sqft
College Station's median listing age (time on market) for 2024-04-01 was 51 days. This is -11% shorter than the same period one year ago.

College Station's median square footage for active listings during the 2024-04-01 period was 1,894 sqft. One year prior, the average listing was 2,041 sqft.