Elk City USDA Loan Rates, Closing Costs & Stats

Elk City, 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.

    Elk City's 8 lenders originated 29 USDA loans during 2023. The total origination value was $3,725,000, with an average USDA loan value of $128,448.

    Elk City USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Elk City averaged 7.16% for the week of 2024-04-19, compared to the national average (all USDA variants) of 6.863% for the same period.

    Elk City's average USDA mortgage closing costs are $3,952.

    The average rate for the prior week (2024-04-12) was 6.71% and one month ago for the week of 2024-03-15, the average rate was 6.89%.

    The average rate one year ago was 6.43%.

    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.

    Elk City 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 Elk City level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    SUN WEST MORTGAGE COMPANY, INC. 11 7.03% $5,446
    INTERLINC MORTGAGE SERVICES, LLC 9 6.79% $4,796
    CROSSCOUNTRY MORTGAGE, LLC 3 7.21% $7,315
    Great Plains National Bank 2 6.88% $5,196
    Unify Home Lending Inc. 1 6.25% $2,111
    GUILD MORTGAGE COMPANY 1 7.13% $1,928
    Mortgage Research Center, LLC 1 7.13% $5,702
    PLAZA HOME MORTGAGE, INC. 1 7.13% $8,910

    The top Elk City USDA lender as defined by loan originations is SUN WEST MORTGAGE COMPANY, INC., with 11 USDA loans originated. Their average total fees are $5,446, which is $650 higher than the next largest lender, INTERLINC MORTGAGE SERVICES, LLC.

    The lowest fee Elk City USDA lenders (with over 10 loans originated) are SUN WEST MORTGAGE COMPANY, INC. ($5,446), .

    The lowest rate Elk City USDA lenders (with over 10 loans originated) are SUN WEST MORTGAGE COMPANY, INC. (7.03%), .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Elk City (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 $127,000 (-8.8%) $170,661 (11.7%) 0.00 195
    2018-02-01 $127,500 (-6.6%) $170,832 (16.0%) 0.00 198
    2018-03-01 $125,000 (-7.3%) $165,625 (12.0%) 0.00 208
    2018-04-01 $129,900 (-3.8%) $168,247 (10.0%) 0.00 222
    2018-05-01 $129,925 (-6.0%) $172,104 (7.4%) 0.00 221
    2018-06-01 $139,000 (-0.4%) $175,072 (9.6%) 0.00 236
    2018-07-01 $134,850 (-4.6%) $168,814 (5.8%) 0.00 227
    2018-08-01 $134,825 (-0.1%) $170,686 (9.2%) 0.00 225
    2018-09-01 $134,500 (-0.4%) $171,462 (8.7%) 0.00 210
    2018-10-01 $145,000 (7.4%) $179,034 (12.5%) 0.00 212
    2018-11-01 $149,325 (10.9%) $180,018 (12.6%) 0.00 220
    2018-12-01 $147,000 (13.1%) $179,938 (6.5%) 0.00 220
    2019-01-01 $144,225 (13.6%) $174,833 (2.5%) 0.00 211
    2019-02-01 $142,225 (11.6%) $177,557 (3.9%) 0.00 204
    2019-03-01 $146,829 (17.5%) $177,376 (7.1%) 0.00 197
    2019-04-01 $149,950 (15.4%) $185,313 (10.1%) 0.00 194
    2019-05-01 $149,950 (15.4%) $179,799 (4.5%) 0.00 193
    2019-06-01 $149,900 (7.8%) $175,737 (0.4%) 0.00 202
    2019-07-01 $149,000 (10.5%) $172,643 (2.3%) 0.00 198
    2019-08-01 $147,818 (9.6%) $172,920 (1.3%) 0.00 199
    2019-09-01 $149,045 (10.8%) $174,231 (1.6%) 0.00 198
    2019-10-01 $149,950 (3.4%) $175,105 (-2.2%) 0.00 197
    2019-11-01 $149,900 (0.4%) $172,430 (-4.2%) 0.00 190
    2019-12-01 $149,925 (2.0%) $169,177 (-6.0%) 0.00 203
    2020-01-01 $148,750 (3.1%) $167,965 (-3.9%) 0.00 204
    2020-02-01 $146,250 (2.8%) $163,586 (-7.9%) 0.00 196
    2020-03-01 $145,625 (-0.8%) $165,601 (-6.6%) 0.00 193
    2020-04-01 $146,000 (-2.6%) $170,233 (-8.1%) 0.00 199
    2020-05-01 $139,450 (-7.0%) $165,462 (-8.0%) 0.00 197
    2020-06-01 $139,000 (-7.3%) $168,949 (-3.9%) 0.00 172
    2020-07-01 $126,500 (-15.1%) $168,014 (-2.7%) 0.00 175
    2020-08-01 $132,900 (-10.1%) $170,883 (-1.2%) 0.00 168
    2020-09-01 $139,475 (-6.4%) $176,478 (1.3%) 0.00 156
    2020-10-01 $135,000 (-10.0%) $166,940 (-4.7%) 0.00 169
    2020-11-01 $134,750 (-10.1%) $167,767 (-2.7%) 0.00 158
    2020-12-01 $135,000 (-10.0%) $170,141 (0.6%) 0.00 158
    2021-01-01 $132,000 (-11.3%) $189,664 (12.9%) 0.00 155
    2021-02-01 $135,450 (-7.4%) $232,015 (41.8%) 0.00 151
    2021-03-01 $139,675 (-4.1%) $231,873 (40.0%) 0.00 150
    2021-04-01 $134,950 (-7.6%) $235,444 (38.3%) 0.00 153
    2021-05-01 $135,500 (-2.8%) $256,839 (55.2%) 0.00 137
    2021-06-01 $147,450 (6.1%) $277,367 (64.2%) 0.00 140
    2021-07-01 $159,900 (26.4%) $300,435 (78.8%) 0.00 144
    2021-08-01 $159,900 (20.3%) $306,970 (79.6%) 0.00 129
    2021-09-01 $162,250 (16.3%) $320,133 (81.4%) 0.00 128
    2021-10-01 $159,200 (17.9%) $309,904 (85.6%) 0.00 130
    2021-11-01 $160,450 (19.1%) $315,414 (88.0%) 0.00 119
    2021-12-01 $159,975 (18.5%) $287,886 (69.2%) 0.00 101
    2022-01-01 $158,500 (20.1%) $258,441 (36.3%) 0.00 97
    2022-02-01 $158,000 (16.7%) $206,205 (-11.1%) 0.00 96
    2022-03-01 $144,475 (3.4%) $199,365 (-14.0%) 0.00 90
    2022-04-01 $118,400 (-12.3%) $181,070 (-23.1%) 0.00 84
    2022-05-01 $136,000 (0.4%) $196,214 (-23.6%) 0.00 82
    2022-06-01 $126,975 (-13.9%) $195,640 (-29.5%) 0.00 100
    2022-07-01 $152,450 (-4.7%) $211,779 (-29.5%) 0.00 114
    2022-08-01 $154,975 (-3.1%) $215,822 (-29.7%) 0.00 110
    2022-09-01 $154,950 (-4.5%) $223,501 (-30.2%) 0.00 101
    2022-10-01 $157,450 (-1.1%) $236,029 (-23.8%) 0.00 92
    2022-11-01 $159,950 (-0.3%) $237,517 (-24.7%) 0.00 94
    2022-12-01 $159,900 (-0.1%) $231,358 (-19.6%) 0.00 97
    2023-01-01 $157,400 (-0.7%) $225,015 (-12.9%) 0.00 94
    2023-02-01 $184,925 (17.0%) $223,227 (8.3%) 0.00 94
    2023-03-01 $185,500 (28.4%) $230,443 (15.6%) 0.00 92
    2023-04-01 $187,500 (58.4%) $222,298 (22.8%) 0.00 87
    2023-05-01 $172,000 (26.5%) $218,183 (11.2%) 0.00 89
    2023-06-01 $172,000 (35.5%) $217,810 (11.3%) 0.00 86
    2023-07-01 $174,900 (14.7%) $227,527 (7.4%) 0.00 86
    2023-08-01 $196,500 (26.8%) $240,972 (11.7%) 0.00 85
    2023-09-01 $186,950 (20.7%) $229,381 (2.6%) 0.00 89
    2023-10-01 $185,250 (17.7%) $226,590 (-4.0%) 0.00 100
    2023-11-01 $178,000 (11.3%) $217,023 (-8.6%) 0.00 100
    2023-12-01 $179,000 (11.9%) $231,782 (0.2%) 0.00 95
    2024-01-01 $169,000 (7.4%) $233,281 (3.7%) 0.00 98
    2024-02-01 $162,000 (-12.4%) $233,111 (4.4%) 0.00 90
    2024-03-01 $177,400 (-4.4%) $237,232 (3.0%) 0.00 89
    Elk City's median listing price for 2024-03-01 was $177,400, a difference of $-8,100 (-4.4%) versus the prior year and $15,400 versus the prior month.

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

    Elk City's average listing price for 2024-03-01 was $237,232, a difference of $6,789 (3.0%) versus the prior year and $4,121 versus the prior month.

    For the 2024-03-01 period, Elk City had 89 MLS listings, a difference of -1 listings (-1%) versus the prior month and -3 listings (-3%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Elk City (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,634 sqft
    2018-02-01 0 days 1,612 sqft
    2018-03-01 0 days 1,522 sqft
    2018-04-01 0 days 1,600 sqft
    2018-05-01 0 days 1,570 sqft
    2018-06-01 0 days 1,599 sqft
    2018-07-01 0 days 1,600 sqft
    2018-08-01 0 days 1,602 sqft
    2018-09-01 0 days 1,687 sqft
    2018-10-01 0 days 1,674 sqft
    2018-11-01 0 days 1,718 sqft
    2018-12-01 0 days 1,716 sqft
    2019-01-01 0 days 1,706 sqft
    2019-02-01 0 days 1,690 sqft
    2019-03-01 0 days 1,715 sqft
    2019-04-01 0 days 1,747 sqft
    2019-05-01 0 days 1,747 sqft
    2019-06-01 0 days 1,724 sqft
    2019-07-01 0 days 1,677 sqft
    2019-08-01 0 days 1,677 sqft
    2019-09-01 0 days 1,683 sqft
    2019-10-01 0 days 1,685 sqft
    2019-11-01 0 days 1,638 sqft
    2019-12-01 0 days 1,618 sqft
    2020-01-01 0 days 1,631 sqft
    2020-02-01 0 days 1,620 sqft
    2020-03-01 0 days 1,630 sqft
    2020-04-01 0 days 1,631 sqft
    2020-05-01 0 days 1,608 sqft
    2020-06-01 0 days 1,622 sqft
    2020-07-01 0 days 1,629 sqft
    2020-08-01 0 days 1,658 sqft
    2020-09-01 0 days 1,621 sqft
    2020-10-01 0 days 1,608 sqft
    2020-11-01 0 days 1,564 sqft
    2020-12-01 0 days 1,603 sqft
    2021-01-01 0 days 1,587 sqft
    2021-02-01 0 days 1,541 sqft
    2021-03-01 0 days 1,595 sqft
    2021-04-01 0 days 1,582 sqft
    2021-05-01 0 days 1,608 sqft
    2021-06-01 0 days 1,675 sqft
    2021-07-01 0 days 1,730 sqft
    2021-08-01 0 days 1,696 sqft
    2021-09-01 0 days 1,715 sqft
    2021-10-01 0 days 1,755 sqft
    2021-11-01 0 days 1,732 sqft
    2021-12-01 0 days 1,639 sqft
    2022-01-01 0 days 1,632 sqft
    2022-02-01 0 days 1,580 sqft
    2022-03-01 0 days 1,627 sqft
    2022-04-01 0 days 1,448 sqft
    2022-05-01 0 days 1,586 sqft
    2022-06-01 0 days 1,573 sqft
    2022-07-01 0 days 1,614 sqft
    2022-08-01 0 days 1,589 sqft
    2022-09-01 0 days 1,623 sqft
    2022-10-01 0 days 1,719 sqft
    2022-11-01 0 days 1,775 sqft
    2022-12-01 0 days 1,717 sqft
    2023-01-01 0 days 1,718 sqft
    2023-02-01 0 days 1,766 sqft
    2023-03-01 0 days 1,821 sqft
    2023-04-01 0 days 1,766 sqft
    2023-05-01 0 days 1,709 sqft
    2023-06-01 0 days 1,702 sqft
    2023-07-01 0 days 1,680 sqft
    2023-08-01 0 days 1,798 sqft
    2023-09-01 0 days 1,748 sqft
    2023-10-01 0 days 1,706 sqft
    2023-11-01 0 days 1,634 sqft
    2023-12-01 0 days 1,600 sqft
    2024-01-01 0 days 1,581 sqft
    2024-02-01 0 days 1,578 sqft
    2024-03-01 0 days 1,610 sqft
    Elk City's median listing age (time on market) for 2024-03-01 was 0 days.

    Elk City's median square footage for active listings during the 2024-03-01 period was 1,610 sqft. One year prior, the average listing was 1,821 sqft.