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 10 lenders originated 12 USDA loans during 2022. The total origination value was $2,870,000, with an average USDA loan value of $239,167.
College Station USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in College Station
averaged
6.49%
for the week of 2023-09-22, compared to the national average (all USDA variants) of
7.021% for the same period.
College Station's average USDA mortgage closing costs are $5,975.
The average rate for the prior week (2023-09-15) was
6.55% and
one month ago for the week of 2023-08-18, the
average rate was 6.65%.
The average rate one year ago was 5.78%.
For refis of the same type during the week of 2023-09-22, the average rate
was 5.91%.
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 | 2022 Avg. 30yFix Rate | 2022 Avg. Closing Costs |
|---|---|---|---|
| Wallick & Volk, Inc. | 2 | 4.44% | $7,244 |
| Wells Fargo Bank | 2 | 5.75% | $5,994 |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | 1 | 4.50% | $6,948 |
| GUILD MORTGAGE COMPANY | 1 | 5.63% | $13,006 |
| Ixonia Bank | 1 | 5.13% | $4,995 |
| AMCAP MORTGAGE, LTD. | 1 | 5.63% | $11,410 |
| PLAZA HOME MORTGAGE, INC. | 1 | 4.13% | $12,753 |
| Sunflower Bank | 1 | 4.63% | $9,397 |
| LIBERTY HOME MORTGAGE CORPORATION | 1 | 5.63% | $10,075 |
| AMERICA'S CHOICE HOME LOANS LP | 1 | 5.38% | $7,637 |
The top College Station USDA lender as defined by loan originations is Wallick & Volk, Inc., with
2 USDA loans originated. Their average total fees are
$7,244, which is $1,250
higher than the next largest lender,
Wells Fargo Bank.
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 (-9.7%) | $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 | 365 |
| 2022-05-01 | $349,750 (14.7%) | $505,628 (14.4%) | 0.80 | 422 |
| 2022-06-01 | $358,475 (10.3%) | $506,095 (10.0%) | 0.80 | 561 |
| 2022-07-01 | $344,900 (5.5%) | $498,776 (2.8%) | 0.78 | 604 |
| 2022-08-01 | $352,824 (18.2%) | $501,698 (16.7%) | 0.82 | 672 |
| 2022-09-01 | $356,768 (20.7%) | $504,002 (17.7%) | 0.83 | 685 |
| 2022-10-01 | $354,443 (15.8%) | $512,908 (22.7%) | 0.83 | 736 |
| 2022-11-01 | $365,563 (25.1%) | $519,970 (24.1%) | 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%) | $504,887 (3.0%) | 0.87 | 641 |
| 2023-03-01 | $380,950 (18.1%) | $541,610 (13.1%) | 0.90 | 605 |
| 2023-04-01 | $399,900 (21.4%) | $557,611 (19.3%) | 0.93 | 613 |
| 2023-05-01 | $399,900 (14.3%) | $551,049 (9.0%) | 0.91 | 634 |
| 2023-06-01 | $380,000 (6.0%) | $529,649 (4.7%) | 0.85 | 708 |
| 2023-07-01 | $370,200 (7.3%) | $513,633 (3.0%) | 0.84 | 751 |
| 2023-08-01 | $370,375 (5.0%) | $510,402 (1.7%) | 0.85 | 843 |
College Station's median listing price comes in at 85% of the national average.
College Station's average listing price for 2023-08-01 was $510,402, a difference of $8,704 (1.7%) versus the prior year and $-3,231 versus the prior month.
For the 2023-08-01 period, College Station had 843 MLS listings, a difference of 92 listings (12%) versus the prior month and 171 listings (25%) 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 | 1,768 sqft |
| 2021-03-01 | 45 days | 1,790 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 | 1,886 sqft |
| 2022-05-01 | 23 days | 1,958 sqft |
| 2022-06-01 | 28 days | 1,987 sqft |
| 2022-07-01 | 40 days | 1,953 sqft |
| 2022-08-01 | 48 days | 1,947 sqft |
| 2022-09-01 | 54 days | 1,949 sqft |
| 2022-10-01 | 62 days | 1,932 sqft |
| 2022-11-01 | 69 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 | 1,931 sqft |
| 2023-03-01 | 61 days | 2,003 sqft |
| 2023-04-01 | 57 days | 2,040 sqft |
| 2023-05-01 | 46 days | 2,024 sqft |
| 2023-06-01 | 44 days | 1,947 sqft |
| 2023-07-01 | 55 days | 1,897 sqft |
| 2023-08-01 | 57 days | 1,925 sqft |
College Station's median square footage for active listings during the 2023-08-01 period was 1,925 sqft. One year prior, the average listing was 1,947 sqft.