Lufkin USDA Loan Rates, Closing Costs & Stats

Lufkin, TX

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 6 lenders originated 7 USDA loans during 2022. The total origination value was $1,225,000, with an average USDA loan value of $175,000.

Lufkin USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Lufkin averaged -0.45% for the week of 2024-02-23, compared to the national average (all USDA variants) of 0% for the same period.

Lufkin's average USDA mortgage closing costs are $6,139.

The average rate for the prior week (2024-02-16) was 6.33% and one month ago for the week of 2024-01-19, the average rate was 6.11%.

The average rate one year ago was 5.91%.

For refis of the same type during the week of 2024-02-23, the average rate was 0.1%.

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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
AMCAP MORTGAGE, LTD. 2 6.38% $6,972
Austin Capital Bank SSB 1 5.25% $9,756
BancorpSouth 1 3.00% $4,399
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 3.75% $7,065
Flagstar Bank, FSB 1 4.75% $11,199
UNITED WHOLESALE MORTGAGE, LLC 1 4.88% $7,258

The top Lufkin USDA lender as defined by loan originations is AMCAP MORTGAGE, LTD., with 2 USDA loans originated. Their average total fees are $6,972, which is $2,784 lower than the next largest lender, Austin Capital Bank SSB.

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
Lufkin's median listing price for 2023-12-01 was $282,450, a difference of $-7,450 (-2.6%) versus the prior year and $10,250 versus the prior month.

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

Lufkin's average listing price for 2023-12-01 was $321,805, a difference of $-55,674 (-14.8%) versus the prior year and $-2,548 versus the prior month.

For the 2023-12-01 period, Lufkin had 250 MLS listings, a difference of 4 listings (2%) versus the prior month and 41 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 1,907 sqft
2019-04-01 0 days 1,957 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 1,810 sqft
2023-12-01 0 days 1,820 sqft
Lufkin's median listing age (time on market) for 2023-12-01 was 0 days.

Lufkin's median square footage for active listings during the 2023-12-01 period was 1,820 sqft. One year prior, the average listing was 1,882 sqft.