Mcalester USDA Loan Rates, Closing Costs & Stats

McAlester, OK

  • JUMP TO:
  • Trends
  • Rates vs Fees
  • Top Lenders
  • Markets
  • Market Conditions & Pricing
  • Time on Market/Property Size

    • 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.

    Mcalester's 12 lenders originated 33 USDA loans during 2023. The total origination value was $4,705,000, with an average USDA loan value of $142,576.

    Mcalester USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Mcalester averaged 6.65% for the week of 2025-02-14, compared to the national average (all USDA variants) of 6.526% for the same period.

    Mcalester's average USDA mortgage closing costs are $4,432.

    The average rate for the prior week (2025-02-07) was 6.71% and one month ago for the week of 2025-01-10, the average rate was 6.75%.

    The average rate one year ago was 6.74%.

    For refis of the same type during the week of 2025-02-14, the average rate was 6.53%.

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

    Mcalester 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 Mcalester level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    GUILD MORTGAGE COMPANY 13 6.81% $8,376
    Arvest Bank 4 6.56% $5,244
    FLAT BRANCH MORTGAGE, INC. 3 6.58% $4,709
    OPEN MORTGAGE, LLC 3 6.42% $4,892
    Mortgage Investment Services Corporation 2 7.00% $2,759
    First United Bank and Trust Company 2 7.13% $6,010
    Bank of England 1 6.25% $6,572
    NEWREZ LLC 1 7.25% $7,229
    BancFirst 1 6.13% $7,434
    PLAZA HOME MORTGAGE, INC. 1 5.75% $5,206
    Stride Bank 1 6.38% $8,322
    UNITED WHOLESALE MORTGAGE, LLC 1 8.01% $6,192

    The top Mcalester USDA lender as defined by loan originations is GUILD MORTGAGE COMPANY, with 13 USDA loans originated. Their average total fees are $8,376, which is $3,132 higher than the next largest lender, Arvest Bank.

    The lowest fee Mcalester USDA lenders (with over 10 loans originated) are GUILD MORTGAGE COMPANY ($8,376), .

    The lowest rate Mcalester USDA lenders (with over 10 loans originated) are GUILD MORTGAGE COMPANY (6.81%), .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Mcalester (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 $134,625 (6.3%) $190,248 (3.0%) 0.00 279
    2018-02-01 $136,825 (5.7%) $195,929 (2.7%) 0.00 255
    2018-03-01 $145,000 (7.4%) $202,416 (3.8%) 0.00 245
    2018-04-01 $149,675 (7.1%) $197,315 (-0.5%) 0.00 272
    2018-05-01 $149,900 (3.6%) $200,459 (6.6%) 0.00 267
    2018-06-01 $149,900 (4.9%) $196,782 (6.7%) 0.00 270
    2018-07-01 $149,125 (10.5%) $203,801 (14.0%) 0.00 293
    2018-08-01 $149,900 (5.9%) $207,122 (14.9%) 0.00 314
    2018-09-01 $146,950 (5.0%) $205,896 (14.0%) 0.00 298
    2018-10-01 $149,900 (6.4%) $217,967 (19.2%) 0.00 288
    2018-11-01 $152,400 (8.9%) $218,374 (16.6%) 0.00 266
    2018-12-01 $151,400 (12.4%) $222,306 (20.0%) 0.00 258
    2019-01-01 $149,225 (10.8%) $219,389 (15.3%) 0.00 257
    2019-02-01 $149,450 (9.2%) $223,280 (14.0%) 0.00 254
    2019-03-01 $146,686 (1.2%) $218,765 (8.1%) 0.00 263
    2019-04-01 $137,000 (-8.5%) $210,828 (6.9%) 0.00 277
    2019-05-01 $139,325 (-7.1%) $210,643 (5.1%) 0.00 276
    2019-06-01 $144,000 (-3.9%) $211,007 (7.2%) 0.00 274
    2019-07-01 $149,000 (-0.1%) $206,594 (1.4%) 0.00 249
    2019-08-01 $149,245 (-0.4%) $203,848 (-1.6%) 0.00 248
    2019-09-01 $149,614 (1.8%) $204,496 (-0.7%) 0.00 251
    2019-10-01 $149,900 (0.0%) $206,166 (-5.4%) 0.00 252
    2019-11-01 $159,999 (5.0%) $218,372 (0.0%) 0.00 249
    2019-12-01 $169,450 (11.9%) $226,617 (1.9%) 0.00 245
    2020-01-01 $169,500 (13.6%) $227,729 (3.8%) 0.00 235
    2020-02-01 $184,900 (23.7%) $238,852 (7.0%) 0.00 226
    2020-03-01 $192,450 (31.2%) $244,868 (11.9%) 0.00 206
    2020-04-01 $199,450 (45.6%) $253,313 (20.2%) 0.00 210
    2020-05-01 $181,200 (30.1%) $248,263 (17.9%) 0.00 196
    2020-06-01 $175,213 (21.7%) $239,244 (13.4%) 0.00 178
    2020-07-01 $159,250 (6.9%) $232,915 (12.7%) 0.00 166
    2020-08-01 $159,900 (7.1%) $227,647 (11.7%) 0.00 164
    2020-09-01 $152,473 (1.9%) $215,391 (5.3%) 0.00 150
    2020-10-01 $149,900 (0.0%) $217,508 (5.5%) 0.00 145
    2020-11-01 $150,475 (-6.0%) $220,213 (0.8%) 0.00 146
    2020-12-01 $149,900 (-11.5%) $212,763 (-6.1%) 0.00 132
    2021-01-01 $149,000 (-12.1%) $200,637 (-11.9%) 0.00 118
    2021-02-01 $151,175 (-18.2%) $200,765 (-16.0%) 0.00 104
    2021-03-01 $171,000 (-11.2%) $209,416 (-14.5%) 0.00 96
    2021-04-01 $174,700 (-12.4%) $210,810 (-16.8%) 0.00 91
    2021-05-01 $149,950 (-17.3%) $186,860 (-24.7%) 0.00 84
    2021-06-01 $157,500 (-10.1%) $187,993 (-21.4%) 0.00 97
    2021-07-01 $162,175 (1.8%) $204,668 (-12.1%) 0.00 112
    2021-08-01 $163,313 (2.1%) $210,248 (-7.6%) 0.00 120
    2021-09-01 $173,450 (13.8%) $217,359 (0.9%) 0.00 121
    2021-10-01 $179,000 (19.4%) $238,234 (9.5%) 0.00 122
    2021-11-01 $168,650 (12.1%) $225,698 (2.5%) 0.00 101
    2021-12-01 $161,150 (7.5%) $228,846 (7.6%) 0.00 86
    2022-01-01 $155,750 (4.5%) $229,192 (14.2%) 0.00 91
    2022-02-01 $164,925 (9.1%) $251,416 (25.2%) 0.00 95
    2022-03-01 $188,000 (9.9%) $274,723 (31.2%) 0.00 84
    2022-04-01 $199,000 (13.9%) $304,619 (44.5%) 0.00 91
    2022-05-01 $202,425 (35.0%) $367,588 (96.7%) 0.00 110
    2022-06-01 $203,700 (29.3%) $348,565 (85.4%) 0.00 136
    2022-07-01 $219,000 (35.0%) $352,384 (72.2%) 0.00 148
    2022-08-01 $229,700 (40.7%) $364,503 (73.4%) 0.00 155
    2022-09-01 $237,200 (36.8%) $378,352 (74.1%) 0.00 148
    2022-10-01 $230,150 (28.6%) $352,246 (47.9%) 0.00 153
    2022-11-01 $218,250 (29.4%) $344,240 (52.5%) 0.00 154
    2022-12-01 $225,488 (39.9%) $341,279 (49.1%) 0.00 142
    2023-01-01 $219,575 (41.0%) $332,637 (45.1%) 0.00 134
    2023-02-01 $210,725 (27.8%) $318,398 (26.6%) 0.00 142
    2023-03-01 $199,975 (6.4%) $314,787 (14.6%) 0.00 149
    2023-04-01 $215,000 (8.0%) $349,870 (14.9%) 0.00 148
    2023-05-01 $219,000 (8.2%) $364,518 (-0.8%) 0.00 147
    2023-06-01 $234,450 (15.1%) $402,956 (15.6%) 0.00 147
    2023-07-01 $229,500 (4.8%) $411,909 (16.9%) 0.00 157
    2023-08-01 $241,425 (5.1%) $414,290 (13.7%) 0.00 174
    2023-09-01 $249,900 (5.4%) $426,111 (12.6%) 0.00 174
    2023-10-01 $249,450 (8.4%) $422,393 (19.9%) 0.00 173
    2023-11-01 $246,250 (12.8%) $398,261 (15.7%) 0.00 174
    2023-12-01 $237,000 (5.1%) $367,230 (7.6%) 0.00 175
    2024-01-01 $238,000 (8.4%) $349,260 (5.0%) 0.00 168
    2024-02-01 $239,900 (13.9%) $345,525 (8.5%) 0.00 165
    2024-03-01 $241,950 (21.0%) $356,757 (13.3%) 0.00 166
    2024-04-01 $257,200 (19.6%) $392,986 (12.3%) 0.00 170
    2024-05-01 $254,500 (16.2%) $399,705 (9.7%) 0.00 200
    2024-06-01 $252,000 (7.5%) $419,386 (4.1%) 0.00 220
    2024-07-01 $249,900 (8.9%) $420,997 (2.2%) 0.00 231
    2024-08-01 $240,000 (-0.6%) $415,307 (0.3%) 0.00 238
    2024-09-01 $237,425 (-5.0%) $400,420 (-6.0%) 0.00 246
    2024-10-01 $232,725 (-6.7%) $412,791 (-2.3%) 0.00 245
    2024-11-01 $229,000 (-7.0%) $412,382 (3.6%) 0.00 250
    2024-12-01 $233,625 (-1.4%) $407,306 (10.9%) 0.00 237
    2025-01-01 $230,625 (-3.1%) $389,640 (11.6%) 0.00 219
    Mcalester's median listing price for 2025-01-01 was $230,625, a difference of $-7,375 (-3.1%) versus the prior year and $-3,000 versus the prior month.

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

    Mcalester's average listing price for 2025-01-01 was $389,640, a difference of $40,380 (11.6%) versus the prior year and $-17,666 versus the prior month.

    For the 2025-01-01 period, Mcalester had 219 MLS listings, a difference of -18 listings (-8%) versus the prior month and 51 listings (30%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Mcalester (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,730 sqft
    2018-02-01 0 days 1,715 sqft
    2018-03-01 0 days 1,755 sqft
    2018-04-01 0 days 1,736 sqft
    2018-05-01 0 days 1,716 sqft
    2018-06-01 0 days 1,715 sqft
    2018-07-01 0 days 1,709 sqft
    2018-08-01 0 days 1,670 sqft
    2018-09-01 0 days 1,652 sqft
    2018-10-01 0 days 1,693 sqft
    2018-11-01 0 days 1,703 sqft
    2018-12-01 0 days 1,733 sqft
    2019-01-01 0 days 1,741 sqft
    2019-02-01 0 days 1,755 sqft
    2019-03-01 0 days 1,735 sqft
    2019-04-01 0 days 1,662 sqft
    2019-05-01 0 days 1,677 sqft
    2019-06-01 0 days 1,671 sqft
    2019-07-01 0 days 1,663 sqft
    2019-08-01 0 days 1,654 sqft
    2019-09-01 0 days 1,664 sqft
    2019-10-01 0 days 1,670 sqft
    2019-11-01 0 days 1,694 sqft
    2019-12-01 0 days 1,676 sqft
    2020-01-01 0 days 1,676 sqft
    2020-02-01 0 days 1,800 sqft
    2020-03-01 0 days 1,817 sqft
    2020-04-01 0 days 1,821 sqft
    2020-05-01 0 days 1,807 sqft
    2020-06-01 0 days 1,764 sqft
    2020-07-01 0 days 1,715 sqft
    2020-08-01 0 days 1,763 sqft
    2020-09-01 0 days 1,736 sqft
    2020-10-01 0 days 1,746 sqft
    2020-11-01 0 days 1,792 sqft
    2020-12-01 0 days 1,820 sqft
    2021-01-01 0 days 1,791 sqft
    2021-02-01 0 days 1,837 sqft
    2021-03-01 0 days 1,831 sqft
    2021-04-01 0 days 1,797 sqft
    2021-05-01 0 days 1,752 sqft
    2021-06-01 0 days 1,696 sqft
    2021-07-01 0 days 1,638 sqft
    2021-08-01 0 days 1,634 sqft
    2021-09-01 0 days 1,634 sqft
    2021-10-01 0 days 1,620 sqft
    2021-11-01 0 days 1,606 sqft
    2021-12-01 0 days 1,614 sqft
    2022-01-01 0 days 1,602 sqft
    2022-02-01 0 days 1,615 sqft
    2022-03-01 0 days 1,643 sqft
    2022-04-01 0 days 1,644 sqft
    2022-05-01 0 days 1,629 sqft
    2022-06-01 0 days 1,662 sqft
    2022-07-01 0 days 1,676 sqft
    2022-08-01 0 days 1,722 sqft
    2022-09-01 0 days 1,798 sqft
    2022-10-01 0 days 1,818 sqft
    2022-11-01 0 days 1,848 sqft
    2022-12-01 0 days 1,838 sqft
    2023-01-01 0 days 1,853 sqft
    2023-02-01 0 days 1,732 sqft
    2023-03-01 0 days 1,683 sqft
    2023-04-01 0 days 1,715 sqft
    2023-05-01 0 days 1,750 sqft
    2023-06-01 0 days 1,829 sqft
    2023-07-01 0 days 1,816 sqft
    2023-08-01 0 days 1,806 sqft
    2023-09-01 0 days 1,882 sqft
    2023-10-01 0 days 1,883 sqft
    2023-11-01 0 days 1,887 sqft
    2023-12-01 0 days 1,817 sqft
    2024-01-01 0 days 1,779 sqft
    2024-02-01 0 days 1,760 sqft
    2024-03-01 0 days 1,620 sqft
    2024-04-01 0 days 1,655 sqft
    2024-05-01 0 days 1,694 sqft
    2024-06-01 0 days 1,736 sqft
    2024-07-01 0 days 1,800 sqft
    2024-08-01 0 days 1,800 sqft
    2024-09-01 0 days 1,738 sqft
    2024-10-01 0 days 1,727 sqft
    2024-11-01 0 days 1,724 sqft
    2024-12-01 0 days 1,764 sqft
    2025-01-01 0 days 1,706 sqft
    Mcalester's median listing age (time on market) for 2025-01-01 was 0 days.

    Mcalester's median square footage for active listings during the 2025-01-01 period was 1,706 sqft. One year prior, the average listing was 1,779 sqft.