Duncan USDA Loan Rates, Closing Costs & Stats

Duncan, OK

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    • 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.

    Duncan's 5 lenders originated 9 USDA loans during 2023. The total origination value was $1,405,000, with an average USDA loan value of $156,111.

    Duncan USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Duncan averaged 7.08% for the week of 2024-04-19, compared to the national average (all USDA variants) of 6.863% for the same period.

    Duncan's average USDA mortgage closing costs are $4,474.

    The average rate for the prior week (2024-04-12) was 6.93% and one month ago for the week of 2024-03-15, the average rate was 6.51%.

    The average rate one year ago was 6.35%.

    For refis of the same type during the week of 2024-04-19, the average rate was 7.06%.

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

    Duncan 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 Duncan level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Arvest Bank 3 7.00% $6,502
    BancFirst 3 6.71% $4,874
    AMERICAN FINANCIAL NETWORK, INC. 1 7.13% $5,790
    Flagstar Bank, FSB 1 6.75% $6,731
    GUARANTEED RATE, INC. 1 6.25% $6,857

    The top Duncan USDA lender as defined by loan originations is Arvest Bank, with 3 USDA loans originated. Their average total fees are $6,502, which is $1,628 higher than the next largest lender, BancFirst.

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

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

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Duncan (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 $108,975 (21.2%) $127,464 (4.9%) 0.00 289
    2018-02-01 $103,250 (15.4%) $126,593 (9.3%) 0.00 287
    2018-03-01 $104,000 (16.9%) $127,043 (6.1%) 0.00 290
    2018-04-01 $111,950 (21.7%) $129,867 (4.7%) 0.00 302
    2018-05-01 $105,500 (11.4%) $124,353 (-2.5%) 0.00 319
    2018-06-01 $104,950 (5.0%) $122,856 (-4.8%) 0.00 338
    2018-07-01 $105,000 (5.0%) $121,093 (-6.0%) 0.00 340
    2018-08-01 $106,500 (-3.0%) $123,958 (-3.9%) 0.00 344
    2018-09-01 $110,000 (-5.9%) $124,865 (-4.4%) 0.00 336
    2018-10-01 $105,000 (-11.5%) $123,470 (-7.7%) 0.00 339
    2018-11-01 $99,825 (-13.1%) $121,812 (-8.3%) 0.00 331
    2018-12-01 $99,500 (-9.6%) $121,600 (-7.0%) 0.00 301
    2019-01-01 $96,250 (-11.7%) $124,893 (-2.0%) 0.00 286
    2019-02-01 $95,250 (-7.8%) $127,645 (0.8%) 0.00 282
    2019-03-01 $101,300 (-2.6%) $138,615 (9.1%) 0.00 293
    2019-04-01 $108,550 (-3.0%) $142,459 (9.7%) 0.00 288
    2019-05-01 $109,975 (4.2%) $147,177 (18.4%) 0.00 284
    2019-06-01 $114,900 (9.5%) $158,706 (29.2%) 0.00 273
    2019-07-01 $114,450 (9.0%) $165,798 (36.9%) 0.00 277
    2019-08-01 $114,909 (7.9%) $167,619 (35.2%) 0.00 271
    2019-09-01 $116,648 (6.0%) $172,885 (38.5%) 0.00 265
    2019-10-01 $118,000 (12.4%) $177,393 (43.7%) 0.00 262
    2019-11-01 $110,000 (10.2%) $173,926 (42.8%) 0.00 259
    2019-12-01 $112,000 (12.6%) $169,056 (39.0%) 0.00 248
    2020-01-01 $119,425 (24.1%) $162,919 (30.5%) 0.00 248
    2020-02-01 $114,500 (20.2%) $159,107 (24.7%) 0.00 231
    2020-03-01 $110,000 (8.6%) $153,989 (11.1%) 0.00 210
    2020-04-01 $108,000 (-0.5%) $152,336 (6.9%) 0.00 203
    2020-05-01 $105,000 (-4.5%) $152,715 (3.8%) 0.00 181
    2020-06-01 $112,225 (-2.3%) $155,189 (-2.2%) 0.00 158
    2020-07-01 $115,750 (1.1%) $166,097 (0.2%) 0.00 139
    2020-08-01 $124,950 (8.7%) $166,704 (-0.6%) 0.00 141
    2020-09-01 $129,950 (11.4%) $170,404 (-1.4%) 0.00 123
    2020-10-01 $124,900 (5.9%) $166,913 (-5.9%) 0.00 122
    2020-11-01 $122,475 (11.3%) $174,504 (0.3%) 0.00 136
    2020-12-01 $122,750 (9.6%) $167,403 (-1.0%) 0.00 143
    2021-01-01 $125,500 (5.1%) $165,157 (1.4%) 0.00 130
    2021-02-01 $107,375 (-6.2%) $158,137 (-0.6%) 0.00 128
    2021-03-01 $103,575 (-5.8%) $159,981 (3.9%) 0.00 122
    2021-04-01 $105,000 (-2.8%) $156,863 (3.0%) 0.00 103
    2021-05-01 $97,450 (-7.2%) $146,682 (-4.0%) 0.00 102
    2021-06-01 $105,488 (-6.0%) $159,169 (2.6%) 0.00 100
    2021-07-01 $117,500 (1.5%) $161,082 (-3.0%) 0.00 111
    2021-08-01 $109,850 (-12.1%) $169,117 (1.5%) 0.00 120
    2021-09-01 $115,000 (-11.5%) $176,497 (3.6%) 0.00 117
    2021-10-01 $109,000 (-12.7%) $177,620 (6.4%) 0.00 122
    2021-11-01 $109,000 (-11.0%) $177,894 (1.9%) 0.00 108
    2021-12-01 $130,000 (5.9%) $211,898 (26.6%) 0.00 77
    2022-01-01 $127,500 (1.6%) $219,689 (33.0%) 0.00 78
    2022-02-01 $134,875 (25.6%) $221,760 (40.2%) 0.00 77
    2022-03-01 $127,750 (23.3%) $244,107 (52.6%) 0.00 80
    2022-04-01 $159,000 (51.4%) $285,492 (82.0%) 0.00 89
    2022-05-01 $155,925 (60.0%) $307,025 (109.3%) 0.00 79
    2022-06-01 $173,250 (64.2%) $316,474 (98.8%) 0.00 86
    2022-07-01 $192,500 (63.8%) $289,954 (80.0%) 0.00 113
    2022-08-01 $202,475 (84.3%) $301,411 (78.2%) 0.00 115
    2022-09-01 $194,750 (69.4%) $272,412 (54.3%) 0.00 112
    2022-10-01 $169,500 (55.5%) $249,394 (40.4%) 0.00 123
    2022-11-01 $162,500 (49.1%) $251,339 (41.3%) 0.00 119
    2022-12-01 $169,000 (30.0%) $266,410 (25.7%) 0.00 108
    2023-01-01 $176,000 (38.0%) $276,401 (25.8%) 0.00 98
    2023-02-01 $183,000 (35.7%) $284,030 (28.1%) 0.00 85
    2023-03-01 $181,625 (42.2%) $283,815 (16.3%) 0.00 86
    2023-04-01 $174,450 (9.7%) $246,672 (-13.6%) 0.00 74
    2023-05-01 $190,950 (22.5%) $265,944 (-13.4%) 0.00 68
    2023-06-01 $189,450 (9.4%) $313,837 (-0.8%) 0.00 81
    2023-07-01 $225,000 (16.9%) $320,726 (10.6%) 0.00 85
    2023-08-01 $236,250 (16.7%) $330,784 (9.7%) 0.00 93
    2023-09-01 $221,700 (13.8%) $309,176 (13.5%) 0.00 107
    2023-10-01 $203,700 (20.2%) $279,273 (12.0%) 0.00 122
    2023-11-01 $187,750 (15.5%) $279,474 (11.2%) 0.00 133
    2023-12-01 $199,450 (18.0%) $283,391 (6.4%) 0.00 132
    2024-01-01 $197,450 (12.2%) $403,616 (46.0%) 0.00 132
    2024-02-01 $189,725 (3.7%) $392,660 (38.3%) 0.00 134
    2024-03-01 $204,900 (12.8%) $421,861 (48.6%) 0.00 125
    Duncan's median listing price for 2024-03-01 was $204,900, a difference of $23,275 (12.8%) versus the prior year and $15,175 versus the prior month.

    Duncan's median listing price comes in at 0% of the national average.

    Duncan's average listing price for 2024-03-01 was $421,861, a difference of $138,046 (48.6%) versus the prior year and $29,201 versus the prior month.

    For the 2024-03-01 period, Duncan had 125 MLS listings, a difference of -9 listings (-7%) versus the prior month and 39 listings (45%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Duncan (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,700 sqft
    2018-02-01 0 days 1,698 sqft
    2018-03-01 0 days 1,695 sqft
    2018-04-01 0 days 1,693 sqft
    2018-05-01 0 days 1,651 sqft
    2018-06-01 0 days 1,664 sqft
    2018-07-01 0 days 1,663 sqft
    2018-08-01 0 days 1,679 sqft
    2018-09-01 0 days 1,700 sqft
    2018-10-01 0 days 1,667 sqft
    2018-11-01 0 days 1,638 sqft
    2018-12-01 0 days 1,623 sqft
    2019-01-01 0 days 1,626 sqft
    2019-02-01 0 days 1,662 sqft
    2019-03-01 0 days 1,671 sqft
    2019-04-01 0 days 1,695 sqft
    2019-05-01 0 days 1,700 sqft
    2019-06-01 0 days 1,720 sqft
    2019-07-01 0 days 1,724 sqft
    2019-08-01 0 days 1,739 sqft
    2019-09-01 0 days 1,753 sqft
    2019-10-01 0 days 1,767 sqft
    2019-11-01 0 days 1,721 sqft
    2019-12-01 0 days 1,703 sqft
    2020-01-01 0 days 1,698 sqft
    2020-02-01 0 days 1,685 sqft
    2020-03-01 0 days 1,660 sqft
    2020-04-01 0 days 1,668 sqft
    2020-05-01 0 days 1,642 sqft
    2020-06-01 0 days 1,713 sqft
    2020-07-01 0 days 1,709 sqft
    2020-08-01 0 days 1,700 sqft
    2020-09-01 0 days 1,701 sqft
    2020-10-01 0 days 1,698 sqft
    2020-11-01 0 days 1,680 sqft
    2020-12-01 0 days 1,687 sqft
    2021-01-01 0 days 1,732 sqft
    2021-02-01 0 days 1,639 sqft
    2021-03-01 0 days 1,591 sqft
    2021-04-01 0 days 1,616 sqft
    2021-05-01 0 days 1,527 sqft
    2021-06-01 0 days 1,509 sqft
    2021-07-01 0 days 1,600 sqft
    2021-08-01 0 days 1,529 sqft
    2021-09-01 0 days 1,544 sqft
    2021-10-01 0 days 1,500 sqft
    2021-11-01 0 days 1,541 sqft
    2021-12-01 0 days 1,680 sqft
    2022-01-01 0 days 1,646 sqft
    2022-02-01 0 days 1,686 sqft
    2022-03-01 0 days 1,770 sqft
    2022-04-01 0 days 1,700 sqft
    2022-05-01 0 days 1,796 sqft
    2022-06-01 0 days 1,927 sqft
    2022-07-01 0 days 1,903 sqft
    2022-08-01 0 days 1,948 sqft
    2022-09-01 0 days 1,893 sqft
    2022-10-01 0 days 1,866 sqft
    2022-11-01 0 days 1,804 sqft
    2022-12-01 0 days 1,800 sqft
    2023-01-01 0 days 1,994 sqft
    2023-02-01 0 days 2,059 sqft
    2023-03-01 0 days 2,028 sqft
    2023-04-01 0 days 1,849 sqft
    2023-05-01 0 days 1,942 sqft
    2023-06-01 0 days 1,901 sqft
    2023-07-01 0 days 2,068 sqft
    2023-08-01 0 days 2,070 sqft
    2023-09-01 0 days 1,885 sqft
    2023-10-01 0 days 1,847 sqft
    2023-11-01 0 days 1,869 sqft
    2023-12-01 0 days 1,900 sqft
    2024-01-01 0 days 1,807 sqft
    2024-02-01 0 days 1,704 sqft
    2024-03-01 0 days 1,840 sqft
    Duncan's median listing age (time on market) for 2024-03-01 was 0 days.

    Duncan's median square footage for active listings during the 2024-03-01 period was 1,840 sqft. One year prior, the average listing was 2,028 sqft.