Durant USDA Loan Rates, Closing Costs & Stats

Durant, 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.

    Durant's 9 lenders originated 24 USDA loans during 2023. The total origination value was $4,650,000, with an average USDA loan value of $193,750.

    Durant USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Durant 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.

    Durant's average USDA mortgage closing costs are $5,183.

    The average rate for the prior week (2024-04-12) was 7.03% and one month ago for the week of 2024-03-15, the average rate was 6.91%.

    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.

    Durant 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 Durant level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    NFM, INC. 7 6.77% $10,047
    GUILD MORTGAGE COMPANY 5 6.43% $7,888
    CARDINAL FINANCIAL 2 5.75% $12,499
    GUARANTEED RATE, INC. 2 7.00% $8,087
    RESIDENTIAL BANCORP 1 7.25% $11,350
    First United Bank and Trust Company 1 5.88% $6,707
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 6.75% $5,168
    Paramount Residential Mortgage Group, Inc. 1 7.00% $9,620
    Gateway First Bank 1 6.25% $9,169

    The top Durant USDA lender as defined by loan originations is NFM, INC., with 7 USDA loans originated. Their average total fees are $10,047, which is $2,159 higher than the next largest lender, GUILD MORTGAGE COMPANY.

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

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

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Durant (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 $184,500 (8.6%) $252,620 (17.0%) 0.00 149
    2018-02-01 $178,975 (12.1%) $246,230 (12.2%) 0.00 142
    2018-03-01 $179,000 (8.6%) $251,568 (10.0%) 0.00 130
    2018-04-01 $182,875 (10.5%) $241,375 (3.8%) 0.00 131
    2018-05-01 $177,925 (7.0%) $240,224 (3.0%) 0.00 139
    2018-06-01 $184,500 (2.9%) $238,037 (0.5%) 0.00 144
    2018-07-01 $185,475 (3.1%) $235,756 (-4.0%) 0.00 141
    2018-08-01 $195,475 (11.2%) $242,176 (0.1%) 0.00 141
    2018-09-01 $199,900 (11.1%) $250,234 (3.2%) 0.00 126
    2018-10-01 $194,950 (2.6%) $252,146 (-5.7%) 0.00 123
    2018-11-01 $195,000 (2.7%) $256,764 (-2.4%) 0.00 109
    2018-12-01 $189,500 (-0.2%) $238,346 (-9.6%) 0.00 104
    2019-01-01 $207,475 (12.5%) $239,841 (-5.1%) 0.00 91
    2019-02-01 $202,256 (13.0%) $253,347 (2.9%) 0.00 97
    2019-03-01 $213,320 (19.2%) $288,569 (14.7%) 0.00 110
    2019-04-01 $216,770 (18.5%) $283,866 (17.6%) 0.00 126
    2019-05-01 $222,720 (25.2%) $282,010 (17.4%) 0.00 129
    2019-06-01 $230,000 (24.7%) $283,742 (19.2%) 0.00 124
    2019-07-01 $234,375 (26.4%) $294,598 (25.0%) 0.00 125
    2019-08-01 $222,292 (13.7%) $294,736 (21.7%) 0.00 119
    2019-09-01 $222,910 (11.5%) $297,682 (19.0%) 0.00 110
    2019-10-01 $223,321 (14.6%) $297,143 (17.9%) 0.00 105
    2019-11-01 $219,900 (12.8%) $290,252 (13.0%) 0.00 106
    2019-12-01 $218,450 (15.3%) $298,629 (25.3%) 0.00 99
    2020-01-01 $211,350 (1.9%) $294,847 (22.9%) 0.00 99
    2020-02-01 $234,750 (16.1%) $292,147 (15.3%) 0.00 110
    2020-03-01 $248,750 (16.6%) $302,361 (4.8%) 0.00 96
    2020-04-01 $249,450 (15.1%) $305,203 (7.5%) 0.00 87
    2020-05-01 $210,000 (-5.7%) $296,581 (5.2%) 0.00 78
    2020-06-01 $221,750 (-3.6%) $316,054 (11.4%) 0.00 75
    2020-07-01 $208,498 (-11.0%) $267,669 (-9.1%) 0.00 71
    2020-08-01 $199,750 (-10.1%) $261,841 (-11.2%) 0.00 66
    2020-09-01 $226,950 (1.8%) $281,916 (-5.3%) 0.00 59
    2020-10-01 $229,000 (2.5%) $302,911 (1.9%) 0.00 55
    2020-11-01 $215,000 (-2.2%) $296,956 (2.3%) 0.00 61
    2020-12-01 $213,750 (-2.2%) $299,979 (0.5%) 0.00 61
    2021-01-01 $219,000 (3.6%) $307,482 (4.3%) 0.00 56
    2021-02-01 $246,200 (4.9%) $339,493 (16.2%) 0.00 44
    2021-03-01 $253,500 (1.9%) $353,525 (16.9%) 0.00 41
    2021-04-01 $244,125 (-2.1%) $317,147 (3.9%) 0.00 44
    2021-05-01 $250,425 (19.3%) $328,782 (10.9%) 0.00 44
    2021-06-01 $246,115 (11.0%) $318,449 (0.8%) 0.00 59
    2021-07-01 $249,500 (19.7%) $346,404 (29.4%) 0.00 60
    2021-08-01 $264,600 (32.5%) $378,220 (44.5%) 0.00 58
    2021-09-01 $263,250 (16.0%) $394,572 (40.0%) 0.00 69
    2021-10-01 $259,900 (13.5%) $383,818 (26.7%) 0.00 83
    2021-11-01 $262,975 (22.3%) $404,407 (36.2%) 0.00 67
    2021-12-01 $272,475 (27.5%) $417,076 (39.0%) 0.00 58
    2022-01-01 $273,450 (24.9%) $443,774 (44.3%) 0.00 48
    2022-02-01 $262,475 (6.6%) $431,738 (27.2%) 0.00 53
    2022-03-01 $272,100 (7.3%) $396,406 (12.1%) 0.00 49
    2022-04-01 $273,500 (12.0%) $359,335 (13.3%) 0.00 51
    2022-05-01 $283,000 (13.0%) $367,932 (11.9%) 0.00 58
    2022-06-01 $289,825 (17.8%) $424,163 (33.2%) 0.00 69
    2022-07-01 $271,600 (8.9%) $383,329 (10.7%) 0.00 89
    2022-08-01 $283,188 (7.0%) $390,112 (3.1%) 0.00 94
    2022-09-01 $286,625 (8.9%) $392,838 (-0.4%) 0.00 94
    2022-10-01 $294,000 (13.1%) $381,439 (-0.6%) 0.00 105
    2022-11-01 $280,913 (6.8%) $370,791 (-8.3%) 0.00 122
    2022-12-01 $267,000 (-2.0%) $353,021 (-15.4%) 0.00 122
    2023-01-01 $266,000 (-2.7%) $335,995 (-24.3%) 0.00 124
    2023-02-01 $259,675 (-1.1%) $326,403 (-24.4%) 0.00 119
    2023-03-01 $264,000 (-3.0%) $334,775 (-15.6%) 0.00 116
    2023-04-01 $279,000 (2.0%) $345,078 (-4.0%) 0.00 128
    2023-05-01 $316,125 (11.7%) $390,533 (6.1%) 0.00 128
    2023-06-01 $332,250 (14.6%) $400,653 (-5.5%) 0.00 132
    2023-07-01 $343,000 (26.3%) $421,901 (10.1%) 0.00 147
    2023-08-01 $332,000 (17.2%) $422,524 (8.3%) 0.00 150
    2023-09-01 $335,000 (16.9%) $423,303 (7.8%) 0.00 150
    2023-10-01 $330,725 (12.5%) $410,845 (7.7%) 0.00 159
    2023-11-01 $325,000 (15.7%) $405,675 (9.4%) 0.00 157
    2023-12-01 $319,000 (19.5%) $403,687 (14.4%) 0.00 157
    2024-01-01 $300,725 (13.1%) $380,829 (13.3%) 0.00 165
    2024-02-01 $299,675 (15.4%) $379,884 (16.4%) 0.00 163
    2024-03-01 $309,500 (17.2%) $385,260 (15.1%) 0.00 140
    Durant's median listing price for 2024-03-01 was $309,500, a difference of $45,500 (17.2%) versus the prior year and $9,825 versus the prior month.

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

    Durant's average listing price for 2024-03-01 was $385,260, a difference of $50,485 (15.1%) versus the prior year and $5,376 versus the prior month.

    For the 2024-03-01 period, Durant had 140 MLS listings, a difference of -23 listings (-14%) versus the prior month and 24 listings (21%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Durant (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,951 sqft
    2018-02-01 0 days 1,926 sqft
    2018-03-01 0 days 1,902 sqft
    2018-04-01 0 days 1,883 sqft
    2018-05-01 0 days 1,869 sqft
    2018-06-01 0 days 1,897 sqft
    2018-07-01 0 days 1,897 sqft
    2018-08-01 0 days 1,902 sqft
    2018-09-01 0 days 1,915 sqft
    2018-10-01 0 days 1,899 sqft
    2018-11-01 0 days 1,946 sqft
    2018-12-01 0 days 1,856 sqft
    2019-01-01 0 days 1,850 sqft
    2019-02-01 0 days 1,850 sqft
    2019-03-01 0 days 1,877 sqft
    2019-04-01 0 days 1,894 sqft
    2019-05-01 0 days 2,028 sqft
    2019-06-01 0 days 2,082 sqft
    2019-07-01 0 days 2,023 sqft
    2019-08-01 0 days 1,985 sqft
    2019-09-01 0 days 2,032 sqft
    2019-10-01 0 days 2,057 sqft
    2019-11-01 0 days 1,985 sqft
    2019-12-01 0 days 1,946 sqft
    2020-01-01 0 days 1,861 sqft
    2020-02-01 0 days 1,941 sqft
    2020-03-01 0 days 1,979 sqft
    2020-04-01 0 days 2,070 sqft
    2020-05-01 0 days 1,900 sqft
    2020-06-01 0 days 1,993 sqft
    2020-07-01 0 days 1,998 sqft
    2020-08-01 0 days 1,968 sqft
    2020-09-01 0 days 2,143 sqft
    2020-10-01 0 days 2,141 sqft
    2020-11-01 0 days 2,012 sqft
    2020-12-01 0 days 2,038 sqft
    2021-01-01 0 days 2,107 sqft
    2021-02-01 0 days 2,174 sqft
    2021-03-01 0 days 2,203 sqft
    2021-04-01 0 days 1,925 sqft
    2021-05-01 0 days 2,045 sqft
    2021-06-01 0 days 1,994 sqft
    2021-07-01 0 days 1,928 sqft
    2021-08-01 0 days 2,026 sqft
    2021-09-01 0 days 1,912 sqft
    2021-10-01 0 days 1,890 sqft
    2021-11-01 0 days 1,892 sqft
    2021-12-01 0 days 1,883 sqft
    2022-01-01 0 days 1,839 sqft
    2022-02-01 0 days 1,773 sqft
    2022-03-01 0 days 1,718 sqft
    2022-04-01 0 days 1,730 sqft
    2022-05-01 0 days 1,728 sqft
    2022-06-01 0 days 1,738 sqft
    2022-07-01 0 days 1,788 sqft
    2022-08-01 0 days 1,830 sqft
    2022-09-01 0 days 1,825 sqft
    2022-10-01 0 days 1,855 sqft
    2022-11-01 0 days 1,833 sqft
    2022-12-01 0 days 1,832 sqft
    2023-01-01 0 days 1,821 sqft
    2023-02-01 0 days 1,754 sqft
    2023-03-01 0 days 1,830 sqft
    2023-04-01 0 days 1,855 sqft
    2023-05-01 0 days 1,875 sqft
    2023-06-01 0 days 1,948 sqft
    2023-07-01 0 days 1,928 sqft
    2023-08-01 0 days 1,908 sqft
    2023-09-01 0 days 1,928 sqft
    2023-10-01 0 days 1,901 sqft
    2023-11-01 0 days 1,874 sqft
    2023-12-01 0 days 1,836 sqft
    2024-01-01 0 days 1,821 sqft
    2024-02-01 0 days 1,799 sqft
    2024-03-01 0 days 1,836 sqft
    Durant's median listing age (time on market) for 2024-03-01 was 0 days.

    Durant's median square footage for active listings during the 2024-03-01 period was 1,836 sqft. One year prior, the average listing was 1,830 sqft.