Lawton USDA Loan Rates, Closing Costs & Stats

LAWTON, OK

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.

Lawton's 6 lenders originated 7 USDA loans during 2023. The total origination value was $1,015,000, with an average USDA loan value of $145,000.

Lawton USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Lawton averaged 6.47% for the week of 2024-07-12, compared to the national average (all USDA variants) of 6.672% for the same period.

Lawton's average USDA mortgage closing costs are $4,178.

The average rate for the prior week (2024-07-05) was 6.63% and one month ago for the week of 2024-06-07, the average rate was 6.7%.

The average rate one year ago was 6.78%.

For refis of the same type during the week of 2024-07-12, the average rate was 6.28%.

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

Lawton 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 Lawton level.

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
EVERETT FINANCIAL, INC. 2 7.00% $4,773
BancFirst 1 6.50% $5,076
CARDINAL FINANCIAL 1 6.25% $7,373
First United Bank and Trust Company 1 6.63% $5,144
Flagstar Bank, FSB 1 7.25% $6,563
Paramount Residential Mortgage Group, Inc. 1 6.00% $6,757

The top Lawton USDA lender as defined by loan originations is EVERETT FINANCIAL, INC., with 2 USDA loans originated. Their average total fees are $4,773, which is $303 lower than the next largest lender, BancFirst.

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

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


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Lawton (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 $109,925 (-1.8%) $135,906 (2.5%) 0.00 777
2018-02-01 $113,675 (-0.9%) $139,216 (2.6%) 0.00 777
2018-03-01 $119,900 (2.4%) $145,093 (3.8%) 0.00 759
2018-04-01 $119,950 (4.3%) $147,363 (4.8%) 0.00 757
2018-05-01 $118,700 (-0.5%) $146,459 (2.4%) 0.00 778
2018-06-01 $119,900 (0.8%) $148,132 (3.8%) 0.00 783
2018-07-01 $119,700 (1.4%) $148,714 (4.2%) 0.00 797
2018-08-01 $119,950 (3.9%) $149,194 (7.5%) 0.00 769
2018-09-01 $127,750 (14.1%) $152,244 (11.9%) 0.00 742
2018-10-01 $121,375 (10.4%) $149,056 (9.2%) 0.00 724
2018-11-01 $119,900 (4.3%) $147,890 (7.0%) 0.00 707
2018-12-01 $119,000 (8.2%) $145,229 (6.0%) 0.00 715
2019-01-01 $118,250 (7.6%) $144,885 (6.6%) 0.00 661
2019-02-01 $117,450 (3.3%) $144,212 (3.6%) 0.00 656
2019-03-01 $119,943 (0.0%) $148,701 (2.5%) 0.00 642
2019-04-01 $119,993 (0.0%) $151,109 (2.5%) 0.00 617
2019-05-01 $119,963 (1.1%) $150,002 (2.4%) 0.00 608
2019-06-01 $120,000 (0.1%) $147,013 (-0.8%) 0.00 600
2019-07-01 $124,450 (4.0%) $148,589 (-0.1%) 0.00 600
2019-08-01 $121,791 (1.5%) $149,185 (0.0%) 0.00 599
2019-09-01 $120,727 (-5.5%) $150,269 (-1.3%) 0.00 588
2019-10-01 $120,568 (-0.7%) $152,970 (2.6%) 0.00 586
2019-11-01 $123,500 (3.0%) $156,902 (6.1%) 0.00 574
2019-12-01 $122,875 (3.3%) $156,470 (7.7%) 0.00 568
2020-01-01 $121,725 (2.9%) $157,103 (8.4%) 0.00 540
2020-02-01 $119,900 (2.1%) $154,333 (7.0%) 0.00 531
2020-03-01 $120,900 (0.8%) $155,590 (4.6%) 0.00 504
2020-04-01 $120,750 (0.6%) $161,000 (6.6%) 0.00 461
2020-05-01 $121,000 (0.9%) $165,327 (10.2%) 0.00 430
2020-06-01 $122,475 (2.1%) $165,694 (12.7%) 0.00 369
2020-07-01 $129,700 (4.2%) $168,677 (13.5%) 0.00 311
2020-08-01 $125,900 (3.4%) $167,795 (12.5%) 0.00 285
2020-09-01 $121,375 (0.5%) $162,413 (8.1%) 0.00 285
2020-10-01 $118,500 (-1.7%) $157,649 (3.1%) 0.00 285
2020-11-01 $115,500 (-6.5%) $157,103 (0.1%) 0.00 272
2020-12-01 $115,825 (-5.7%) $155,243 (-0.8%) 0.00 262
2021-01-01 $104,975 (-13.8%) $141,600 (-9.9%) 0.00 235
2021-02-01 $98,700 (-17.7%) $141,272 (-8.5%) 0.00 200
2021-03-01 $105,750 (-12.5%) $159,057 (2.2%) 0.00 154
2021-04-01 $107,625 (-10.9%) $159,118 (-1.2%) 0.00 158
2021-05-01 $106,000 (-12.4%) $154,912 (-6.3%) 0.00 151
2021-06-01 $113,725 (-7.1%) $167,473 (1.1%) 0.00 190
2021-07-01 $119,900 (-7.6%) $172,640 (2.4%) 0.00 240
2021-08-01 $119,700 (-4.9%) $167,261 (-0.3%) 0.00 255
2021-09-01 $112,200 (-7.6%) $159,670 (-1.7%) 0.00 268
2021-10-01 $110,000 (-7.2%) $161,035 (2.2%) 0.00 277
2021-11-01 $108,875 (-5.7%) $166,872 (6.2%) 0.00 258
2021-12-01 $107,700 (-7.0%) $165,814 (6.8%) 0.00 241
2022-01-01 $109,900 (4.7%) $169,460 (19.7%) 0.00 185
2022-02-01 $108,450 (9.9%) $166,291 (17.7%) 0.00 159
2022-03-01 $99,700 (-5.7%) $168,989 (6.2%) 0.00 156
2022-04-01 $132,000 (22.7%) $189,489 (19.1%) 0.00 167
2022-05-01 $145,000 (36.8%) $199,180 (28.6%) 0.00 184
2022-06-01 $144,749 (27.3%) $195,705 (16.9%) 0.00 250
2022-07-01 $155,000 (29.3%) $204,593 (18.5%) 0.00 288
2022-08-01 $159,725 (33.4%) $210,836 (26.1%) 0.00 275
2022-09-01 $144,325 (28.6%) $203,627 (27.5%) 0.00 291
2022-10-01 $159,450 (45.0%) $212,677 (32.1%) 0.00 330
2022-11-01 $186,432 (71.2%) $216,195 (29.6%) 0.00 326
2022-12-01 $183,465 (70.4%) $210,295 (26.8%) 0.00 319
2023-01-01 $186,600 (69.8%) $217,067 (28.1%) 0.00 297
2023-02-01 $216,488 (99.6%) $237,921 (43.1%) 0.00 269
2023-03-01 $230,000 (130.7%) $263,229 (55.8%) 0.00 242
2023-04-01 $235,000 (78.0%) $263,588 (39.1%) 0.00 239
2023-05-01 $240,750 (66.0%) $273,275 (37.2%) 0.00 252
2023-06-01 $252,450 (74.4%) $281,176 (43.7%) 0.00 244
2023-07-01 $235,000 (51.6%) $271,808 (32.9%) 0.00 247
2023-08-01 $227,625 (42.5%) $267,915 (27.1%) 0.00 244
2023-09-01 $225,000 (55.9%) $246,818 (21.2%) 0.00 261
2023-10-01 $195,000 (22.3%) $228,914 (7.6%) 0.00 292
2023-11-01 $189,125 (1.4%) $223,673 (3.5%) 0.00 303
2023-12-01 $195,000 (6.3%) $225,324 (7.2%) 0.00 313
2024-01-01 $203,688 (9.2%) $231,902 (6.8%) 0.00 288
2024-02-01 $197,000 (-9.0%) $232,670 (-2.2%) 0.00 279
2024-03-01 $193,450 (-15.9%) $238,031 (-9.6%) 0.00 280
2024-04-01 $210,000 (-10.6%) $244,216 (-7.4%) 0.00 297
2024-05-01 $216,875 (-9.9%) $251,592 (-7.9%) 0.00 297
2024-06-01 $218,750 (-13.4%) $249,721 (-11.2%) 0.00 339
Lawton's median listing price for 2024-06-01 was $218,750, a difference of $-33,700 (-13.4%) versus the prior year and $1,875 versus the prior month.

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

Lawton's average listing price for 2024-06-01 was $249,721, a difference of $-31,455 (-11.2%) versus the prior year and $-1,871 versus the prior month.

For the 2024-06-01 period, Lawton had 339 MLS listings, a difference of 42 listings (14%) versus the prior month and 95 listings (39%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Lawton (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,600 sqft
2018-02-01 0 days 1,600 sqft
2018-03-01 0 days 1,600 sqft
2018-04-01 0 days 1,600 sqft
2018-05-01 0 days 1,600 sqft
2018-06-01 0 days 1,600 sqft
2018-07-01 0 days 1,600 sqft
2018-08-01 0 days 1,600 sqft
2018-09-01 0 days 1,600 sqft
2018-10-01 0 days 1,600 sqft
2018-11-01 0 days 1,600 sqft
2018-12-01 0 days 1,600 sqft
2019-01-01 0 days 1,600 sqft
2019-02-01 0 days 1,600 sqft
2019-03-01 0 days 1,600 sqft
2019-04-01 0 days 1,600 sqft
2019-05-01 0 days 1,600 sqft
2019-06-01 0 days 1,600 sqft
2019-07-01 0 days 1,600 sqft
2019-08-01 0 days 1,600 sqft
2019-09-01 0 days 1,600 sqft
2019-10-01 0 days 1,600 sqft
2019-11-01 0 days 1,600 sqft
2019-12-01 0 days 1,600 sqft
2020-01-01 0 days 1,600 sqft
2020-02-01 0 days 1,600 sqft
2020-03-01 0 days 1,600 sqft
2020-04-01 0 days 1,600 sqft
2020-05-01 0 days 1,600 sqft
2020-06-01 0 days 1,612 sqft
2020-07-01 0 days 1,700 sqft
2020-08-01 0 days 1,653 sqft
2020-09-01 0 days 1,600 sqft
2020-10-01 0 days 1,600 sqft
2020-11-01 0 days 1,600 sqft
2020-12-01 0 days 1,600 sqft
2021-01-01 0 days 1,500 sqft
2021-02-01 0 days 1,500 sqft
2021-03-01 0 days 1,450 sqft
2021-04-01 0 days 1,494 sqft
2021-05-01 0 days 1,500 sqft
2021-06-01 0 days 1,540 sqft
2021-07-01 0 days 1,500 sqft
2021-08-01 0 days 1,500 sqft
2021-09-01 0 days 1,400 sqft
2021-10-01 0 days 1,400 sqft
2021-11-01 0 days 1,400 sqft
2021-12-01 0 days 1,400 sqft
2022-01-01 0 days 1,400 sqft
2022-02-01 0 days 1,400 sqft
2022-03-01 0 days 1,450 sqft
2022-04-01 0 days 1,600 sqft
2022-05-01 0 days 1,600 sqft
2022-06-01 0 days 1,600 sqft
2022-07-01 0 days 1,600 sqft
2022-08-01 0 days 1,625 sqft
2022-09-01 0 days 1,600 sqft
2022-10-01 0 days 1,664 sqft
2022-11-01 0 days 1,700 sqft
2022-12-01 0 days 1,700 sqft
2023-01-01 0 days 1,701 sqft
2023-02-01 0 days 1,800 sqft
2023-03-01 0 days 1,804 sqft
2023-04-01 0 days 1,820 sqft
2023-05-01 0 days 1,850 sqft
2023-06-01 0 days 1,900 sqft
2023-07-01 0 days 1,900 sqft
2023-08-01 0 days 1,800 sqft
2023-09-01 0 days 1,800 sqft
2023-10-01 0 days 1,800 sqft
2023-11-01 0 days 1,700 sqft
2023-12-01 0 days 1,700 sqft
2024-01-01 0 days 1,782 sqft
2024-02-01 0 days 1,762 sqft
2024-03-01 0 days 1,700 sqft
2024-04-01 0 days 1,700 sqft
2024-05-01 0 days 1,800 sqft
2024-06-01 0 days 1,775 sqft
Lawton's median listing age (time on market) for 2024-06-01 was 0 days.

Lawton's median square footage for active listings during the 2024-06-01 period was 1,775 sqft. One year prior, the average listing was 1,900 sqft.