Lufkin USDA Loan Rates, Closing Costs & Stats

Lufkin, TX

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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.

    Lufkin's 3 lenders originated 5 USDA loans during 2023. The total origination value was $815,000, with an average USDA loan value of $163,000.

    Lufkin USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Lufkin averaged -0.06% for the week of 2024-11-15, compared to the national average (all USDA variants) of 0% for the same period.

    Lufkin's average USDA mortgage closing costs are $6,309.

    The average rate for the prior week (2024-11-08) was 6.5% and one month ago for the week of 2024-10-11, the average rate was 6.46%.

    The average rate one year ago was 7.59%.

    For refis of the same type during the week of 2024-11-15, the average rate was 0%.

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

    Lufkin 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 Lufkin level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    AMCAP MORTGAGE, LTD. 1 5.63% $6,806
    MICHIGAN MUTUAL, INC. 1 7.63% $6,435
    NEWREZ LLC 1 7.25% $10,006

    The top Lufkin USDA lender as defined by loan originations is AMCAP MORTGAGE, LTD., with 1 USDA loans originated. Their average total fees are $6,806, which is $371 higher than the next largest lender, MICHIGAN MUTUAL, INC..

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

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

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Lufkin (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 $177,450 (11.0%) $246,098 (10.3%) 0.00 276
    2018-02-01 $173,350 (8.9%) $242,755 (5.4%) 0.00 276
    2018-03-01 $179,900 (12.1%) $245,070 (4.5%) 0.00 258
    2018-04-01 $189,175 (18.3%) $251,627 (9.5%) 0.00 251
    2018-05-01 $194,405 (18.5%) $259,430 (13.4%) 0.00 251
    2018-06-01 $210,000 (29.3%) $267,288 (16.3%) 0.00 260
    2018-07-01 $202,450 (19.9%) $266,836 (13.5%) 0.00 271
    2018-08-01 $212,200 (21.9%) $268,625 (6.8%) 0.00 261
    2018-09-01 $219,900 (22.5%) $274,485 (9.1%) 0.00 250
    2018-10-01 $226,225 (29.3%) $282,344 (18.8%) 0.00 240
    2018-11-01 $219,450 (29.2%) $277,801 (17.1%) 0.00 238
    2018-12-01 $194,900 (14.7%) $264,297 (8.6%) 0.00 265
    2019-01-01 $191,950 (8.2%) $254,379 (3.4%) 0.00 260
    2019-02-01 $175,980 (1.5%) $239,172 (-1.5%) 0.00 263
    2019-03-01 $186,385 (3.6%) $244,782 (-0.1%) 0.00 244
    2019-04-01 $200,325 (5.9%) $252,909 (0.5%) 0.00 223
    2019-05-01 $215,000 (10.6%) $257,736 (-0.7%) 0.00 227
    2019-06-01 $214,900 (2.3%) $266,881 (-0.2%) 0.00 242
    2019-07-01 $213,605 (5.5%) $271,746 (1.8%) 0.00 232
    2019-08-01 $215,102 (1.4%) $275,312 (2.5%) 0.00 229
    2019-09-01 $215,256 (-2.1%) $275,617 (0.4%) 0.00 232
    2019-10-01 $219,688 (-2.9%) $275,821 (-2.3%) 0.00 227
    2019-11-01 $225,000 (2.5%) $284,186 (2.3%) 0.00 212
    2019-12-01 $224,000 (14.9%) $276,538 (4.6%) 0.00 206
    2020-01-01 $212,450 (10.7%) $272,798 (7.2%) 0.00 197
    2020-02-01 $199,900 (13.6%) $265,236 (10.9%) 0.00 219
    2020-03-01 $215,000 (15.4%) $271,006 (10.7%) 0.00 222
    2020-04-01 $227,500 (13.6%) $270,036 (6.8%) 0.00 226
    2020-05-01 $225,000 (4.7%) $277,302 (7.6%) 0.00 219
    2020-06-01 $235,425 (9.6%) $282,298 (5.8%) 0.00 206
    2020-07-01 $244,336 (14.4%) $286,873 (5.6%) 0.00 197
    2020-08-01 $238,750 (11.0%) $278,701 (1.2%) 0.00 168
    2020-09-01 $224,500 (4.3%) $273,790 (-0.7%) 0.00 150
    2020-10-01 $245,000 (11.5%) $299,980 (8.8%) 0.00 136
    2020-11-01 $254,725 (13.2%) $300,415 (5.7%) 0.00 125
    2020-12-01 $245,000 (9.4%) $294,998 (6.7%) 0.00 131
    2021-01-01 $233,000 (9.7%) $281,740 (3.3%) 0.00 126
    2021-02-01 $217,500 (8.8%) $264,162 (-0.4%) 0.00 126
    2021-03-01 $219,925 (2.3%) $274,407 (1.3%) 0.00 111
    2021-04-01 $216,200 (-5.0%) $286,977 (6.3%) 0.00 101
    2021-05-01 $259,450 (15.3%) $313,028 (12.9%) 0.00 91
    2021-06-01 $278,250 (18.2%) $314,968 (11.6%) 0.00 85
    2021-07-01 $229,950 (-5.9%) $303,284 (5.7%) 0.00 118
    2021-08-01 $247,000 (3.5%) $363,411 (30.4%) 0.00 122
    2021-09-01 $241,725 (7.7%) $363,336 (32.7%) 0.00 127
    2021-10-01 $253,700 (3.6%) $386,289 (28.8%) 0.00 122
    2021-11-01 $276,925 (8.7%) $401,559 (33.7%) 0.00 121
    2021-12-01 $271,892 (11.0%) $395,753 (34.2%) 0.00 106
    2022-01-01 $269,000 (15.5%) $403,094 (43.1%) 0.00 93
    2022-02-01 $278,375 (28.0%) $333,312 (26.2%) 0.00 90
    2022-03-01 $279,950 (27.3%) $314,822 (14.7%) 0.00 97
    2022-04-01 $308,000 (42.5%) $322,837 (12.5%) 0.00 101
    2022-05-01 $280,000 (7.9%) $332,787 (6.3%) 0.00 132
    2022-06-01 $272,475 (-2.1%) $304,736 (-3.3%) 0.00 142
    2022-07-01 $262,450 (14.1%) $303,714 (0.1%) 0.00 153
    2022-08-01 $273,175 (10.6%) $350,021 (-3.7%) 0.00 154
    2022-09-01 $291,000 (20.4%) $373,287 (2.7%) 0.00 163
    2022-10-01 $293,700 (15.8%) $361,614 (-6.4%) 0.00 190
    2022-11-01 $293,750 (6.1%) $384,904 (-4.2%) 0.00 202
    2022-12-01 $289,900 (6.6%) $377,479 (-4.6%) 0.00 209
    2023-01-01 $280,500 (4.3%) $365,750 (-9.3%) 0.00 202
    2023-02-01 $276,500 (-0.7%) $361,839 (8.6%) 0.00 192
    2023-03-01 $275,000 (-1.8%) $370,218 (17.6%) 0.00 189
    2023-04-01 $287,500 (-6.7%) $381,109 (18.1%) 0.00 182
    2023-05-01 $288,250 (3.0%) $364,153 (9.4%) 0.00 181
    2023-06-01 $279,000 (2.4%) $344,894 (13.2%) 0.00 194
    2023-07-01 $279,000 (6.3%) $343,321 (13.0%) 0.00 202
    2023-08-01 $275,375 (0.8%) $336,171 (-4.0%) 0.00 213
    2023-09-01 $279,000 (-4.1%) $342,045 (-8.4%) 0.00 218
    2023-10-01 $279,700 (-4.8%) $335,085 (-7.3%) 0.00 238
    2023-11-01 $272,200 (-7.3%) $324,353 (-15.7%) 0.00 246
    2023-12-01 $282,450 (-2.6%) $321,805 (-14.8%) 0.00 250
    2024-01-01 $282,500 (0.7%) $320,597 (-12.4%) 0.00 250
    2024-02-01 $289,900 (4.9%) $329,374 (-9.0%) 0.00 254
    2024-03-01 $291,250 (5.9%) $330,344 (-10.8%) 0.00 260
    2024-04-01 $285,000 (-0.9%) $330,889 (-13.2%) 0.00 269
    2024-05-01 $285,000 (-1.1%) $328,875 (-9.7%) 0.00 277
    2024-06-01 $289,500 (3.8%) $328,992 (-4.6%) 0.00 289
    2024-07-01 $292,500 (4.8%) $335,665 (-2.2%) 0.00 305
    2024-08-01 $295,450 (7.3%) $352,937 (5.0%) 0.00 280
    2024-09-01 $290,000 (3.9%) $362,694 (6.0%) 0.00 272
    2024-10-01 $289,000 (3.3%) $359,975 (7.4%) 0.00 286
    Lufkin's median listing price for 2024-10-01 was $289,000, a difference of $9,300 (3.3%) versus the prior year and $-1,000 versus the prior month.

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

    Lufkin's average listing price for 2024-10-01 was $359,975, a difference of $24,890 (7.4%) versus the prior year and $-2,719 versus the prior month.

    For the 2024-10-01 period, Lufkin had 286 MLS listings, a difference of 14 listings (5%) versus the prior month and 48 listings (20%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Lufkin (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,988 sqft
    2018-02-01 0 days 1,962 sqft
    2018-03-01 0 days 1,978 sqft
    2018-04-01 0 days 2,032 sqft
    2018-05-01 0 days 2,088 sqft
    2018-06-01 0 days 2,092 sqft
    2018-07-01 0 days 2,055 sqft
    2018-08-01 0 days 2,041 sqft
    2018-09-01 0 days 2,085 sqft
    2018-10-01 0 days 2,112 sqft
    2018-11-01 0 days 2,068 sqft
    2018-12-01 0 days 1,979 sqft
    2019-01-01 0 days 1,938 sqft
    2019-02-01 0 days 1,884 sqft
    2019-03-01 0 days 1,906 sqft
    2019-04-01 0 days 1,955 sqft
    2019-05-01 0 days 2,015 sqft
    2019-06-01 0 days 2,103 sqft
    2019-07-01 0 days 2,108 sqft
    2019-08-01 0 days 2,123 sqft
    2019-09-01 0 days 2,146 sqft
    2019-10-01 0 days 2,178 sqft
    2019-11-01 0 days 2,236 sqft
    2019-12-01 0 days 2,161 sqft
    2020-01-01 0 days 2,051 sqft
    2020-02-01 0 days 2,052 sqft
    2020-03-01 0 days 2,045 sqft
    2020-04-01 0 days 2,039 sqft
    2020-05-01 0 days 2,059 sqft
    2020-06-01 0 days 2,078 sqft
    2020-07-01 0 days 2,088 sqft
    2020-08-01 0 days 2,052 sqft
    2020-09-01 0 days 1,987 sqft
    2020-10-01 0 days 2,123 sqft
    2020-11-01 0 days 2,064 sqft
    2020-12-01 0 days 1,996 sqft
    2021-01-01 0 days 1,996 sqft
    2021-02-01 0 days 1,900 sqft
    2021-03-01 0 days 1,928 sqft
    2021-04-01 0 days 1,935 sqft
    2021-05-01 0 days 2,124 sqft
    2021-06-01 0 days 2,078 sqft
    2021-07-01 0 days 1,738 sqft
    2021-08-01 0 days 1,792 sqft
    2021-09-01 0 days 1,788 sqft
    2021-10-01 0 days 1,980 sqft
    2021-11-01 0 days 1,988 sqft
    2021-12-01 0 days 1,979 sqft
    2022-01-01 0 days 1,968 sqft
    2022-02-01 0 days 1,925 sqft
    2022-03-01 0 days 1,907 sqft
    2022-04-01 0 days 1,965 sqft
    2022-05-01 0 days 1,906 sqft
    2022-06-01 0 days 1,850 sqft
    2022-07-01 0 days 1,814 sqft
    2022-08-01 0 days 1,795 sqft
    2022-09-01 0 days 1,953 sqft
    2022-10-01 0 days 1,951 sqft
    2022-11-01 0 days 1,952 sqft
    2022-12-01 0 days 1,882 sqft
    2023-01-01 0 days 1,864 sqft
    2023-02-01 0 days 1,853 sqft
    2023-03-01 0 days 1,841 sqft
    2023-04-01 0 days 1,857 sqft
    2023-05-01 0 days 1,863 sqft
    2023-06-01 0 days 1,819 sqft
    2023-07-01 0 days 1,823 sqft
    2023-08-01 0 days 1,821 sqft
    2023-09-01 0 days 1,848 sqft
    2023-10-01 0 days 1,829 sqft
    2023-11-01 0 days 1,809 sqft
    2023-12-01 0 days 1,815 sqft
    2024-01-01 0 days 1,800 sqft
    2024-02-01 0 days 1,799 sqft
    2024-03-01 0 days 1,823 sqft
    2024-04-01 0 days 1,838 sqft
    2024-05-01 0 days 1,859 sqft
    2024-06-01 0 days 1,874 sqft
    2024-07-01 0 days 1,889 sqft
    2024-08-01 0 days 1,901 sqft
    2024-09-01 0 days 1,879 sqft
    2024-10-01 0 days 1,856 sqft
    Lufkin's median listing age (time on market) for 2024-10-01 was 0 days.

    Lufkin's median square footage for active listings during the 2024-10-01 period was 1,856 sqft. One year prior, the average listing was 1,829 sqft.