Mcalester USDA Loan Rates, Closing Costs & Stats

McAlester, 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.

    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 6.98% for the week of 2024-04-19, compared to the national average (all USDA variants) of 6.863% for the same period.

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

    The average rate for the prior week (2024-04-12) was 7.04% and one month ago for the week of 2024-03-15, the average rate was 6.72%.

    The average rate one year ago was 6.26%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.96%.

    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 $133,125 (6.5%) $185,836 (1.7%) 0.00 275
    2018-02-01 $134,100 (4.0%) $191,280 (1.3%) 0.00 251
    2018-03-01 $144,900 (7.4%) $197,608 (2.3%) 0.00 241
    2018-04-01 $148,200 (6.2%) $192,715 (-1.9%) 0.00 268
    2018-05-01 $149,450 (5.1%) $196,215 (5.4%) 0.00 263
    2018-06-01 $149,900 (5.5%) $192,607 (5.7%) 0.00 266
    2018-07-01 $145,700 (7.9%) $201,423 (13.9%) 0.00 288
    2018-08-01 $149,900 (8.6%) $204,675 (14.7%) 0.00 306
    2018-09-01 $145,000 (3.7%) $204,285 (14.3%) 0.00 294
    2018-10-01 $147,125 (5.2%) $211,229 (17.3%) 0.00 279
    2018-11-01 $149,450 (7.1%) $211,151 (14.5%) 0.00 259
    2018-12-01 $149,000 (10.8%) $214,893 (17.2%) 0.00 251
    2019-01-01 $144,900 (8.9%) $211,925 (14.0%) 0.00 250
    2019-02-01 $147,300 (9.8%) $216,367 (13.1%) 0.00 248
    2019-03-01 $144,371 (-0.4%) $213,052 (7.8%) 0.00 257
    2019-04-01 $135,950 (-8.3%) $205,409 (6.6%) 0.00 271
    2019-05-01 $137,450 (-8.0%) $205,900 (4.9%) 0.00 270
    2019-06-01 $139,900 (-6.7%) $205,516 (6.7%) 0.00 267
    2019-07-01 $146,175 (0.3%) $199,331 (-1.0%) 0.00 243
    2019-08-01 $146,745 (-2.1%) $196,477 (-4.0%) 0.00 242
    2019-09-01 $148,014 (2.1%) $197,078 (-3.5%) 0.00 245
    2019-10-01 $149,125 (1.4%) $198,728 (-5.9%) 0.00 245
    2019-11-01 $152,400 (2.0%) $211,417 (0.1%) 0.00 243
    2019-12-01 $167,175 (12.2%) $221,665 (3.2%) 0.00 240
    2020-01-01 $167,500 (15.6%) $224,051 (5.7%) 0.00 231
    2020-02-01 $179,450 (21.8%) $234,823 (8.5%) 0.00 221
    2020-03-01 $188,950 (30.9%) $241,109 (13.2%) 0.00 202
    2020-04-01 $195,815 (44.0%) $250,554 (22.0%) 0.00 206
    2020-05-01 $176,500 (28.4%) $245,435 (19.2%) 0.00 191
    2020-06-01 $169,800 (21.4%) $237,233 (15.4%) 0.00 177
    2020-07-01 $158,250 (8.3%) $231,209 (16.0%) 0.00 165
    2020-08-01 $157,500 (7.3%) $224,388 (14.2%) 0.00 161
    2020-09-01 $150,500 (1.7%) $212,457 (7.8%) 0.00 147
    2020-10-01 $149,900 (0.5%) $216,202 (8.8%) 0.00 144
    2020-11-01 $149,950 (-1.6%) $213,172 (0.8%) 0.00 143
    2020-12-01 $149,675 (-10.5%) $207,369 (-6.5%) 0.00 129
    2021-01-01 $149,000 (-11.0%) $196,223 (-12.4%) 0.00 116
    2021-02-01 $149,950 (-16.4%) $197,937 (-15.7%) 0.00 103
    2021-03-01 $160,000 (-15.3%) $202,138 (-16.2%) 0.00 94
    2021-04-01 $168,625 (-13.9%) $204,987 (-18.2%) 0.00 89
    2021-05-01 $149,950 (-15.0%) $186,206 (-24.1%) 0.00 84
    2021-06-01 $157,475 (-7.3%) $187,254 (-21.1%) 0.00 97
    2021-07-01 $162,175 (2.5%) $203,546 (-12.0%) 0.00 112
    2021-08-01 $162,175 (3.0%) $207,869 (-7.4%) 0.00 118
    2021-09-01 $173,425 (15.2%) $215,826 (1.6%) 0.00 121
    2021-10-01 $172,900 (15.3%) $230,310 (6.5%) 0.00 121
    2021-11-01 $167,400 (11.6%) $219,386 (2.9%) 0.00 100
    2021-12-01 $159,700 (6.7%) $222,011 (7.1%) 0.00 84
    2022-01-01 $150,500 (1.0%) $218,049 (11.1%) 0.00 88
    2022-02-01 $159,875 (6.6%) $236,993 (19.7%) 0.00 92
    2022-03-01 $182,225 (13.9%) $255,167 (26.2%) 0.00 81
    2022-04-01 $185,000 (9.7%) $263,963 (28.8%) 0.00 86
    2022-05-01 $196,350 (30.9%) $327,960 (76.1%) 0.00 104
    2022-06-01 $199,950 (27.0%) $320,593 (71.2%) 0.00 130
    2022-07-01 $200,000 (23.3%) $330,714 (62.5%) 0.00 144
    2022-08-01 $227,500 (40.3%) $342,806 (64.9%) 0.00 151
    2022-09-01 $232,200 (33.9%) $354,026 (64.0%) 0.00 144
    2022-10-01 $225,194 (30.3%) $329,709 (43.2%) 0.00 148
    2022-11-01 $212,475 (26.9%) $321,001 (46.3%) 0.00 150
    2022-12-01 $219,500 (37.5%) $315,258 (42.0%) 0.00 138
    2023-01-01 $219,000 (45.5%) $310,791 (42.5%) 0.00 130
    2023-02-01 $202,200 (26.5%) $291,167 (22.9%) 0.00 138
    2023-03-01 $199,800 (9.6%) $280,802 (10.1%) 0.00 142
    2023-04-01 $200,000 (8.1%) $317,720 (20.4%) 0.00 140
    2023-05-01 $203,475 (3.6%) $326,935 (-0.3%) 0.00 138
    2023-06-01 $223,000 (11.5%) $355,608 (10.9%) 0.00 137
    2023-07-01 $219,000 (9.5%) $397,006 (20.1%) 0.00 152
    2023-08-01 $226,875 (-0.3%) $399,311 (16.5%) 0.00 167
    2023-09-01 $247,000 (6.4%) $411,565 (16.3%) 0.00 168
    2023-10-01 $246,725 (9.6%) $407,403 (23.6%) 0.00 166
    2023-11-01 $244,925 (15.3%) $385,830 (20.2%) 0.00 169
    2023-12-01 $235,000 (7.1%) $359,019 (13.9%) 0.00 168
    2024-01-01 $235,000 (7.3%) $332,896 (7.1%) 0.00 159
    2024-02-01 $231,350 (14.4%) $320,418 (10.1%) 0.00 156
    2024-03-01 $235,000 (17.6%) $323,856 (15.3%) 0.00 154
    Mcalester's median listing price for 2024-03-01 was $235,000, a difference of $35,200 (17.6%) versus the prior year and $3,650 versus the prior month.

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

    Mcalester's average listing price for 2024-03-01 was $323,856, a difference of $43,054 (15.3%) versus the prior year and $3,438 versus the prior month.

    For the 2024-03-01 period, Mcalester had 154 MLS listings, a difference of -2 listings (-1%) versus the prior month and 12 listings (8%) 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 1,715 sqft
    2018-02-01 0 days 1,703 sqft
    2018-03-01 0 days 1,730 sqft
    2018-04-01 0 days 1,723 sqft
    2018-05-01 0 days 1,714 sqft
    2018-06-01 0 days 1,706 sqft
    2018-07-01 0 days 1,702 sqft
    2018-08-01 0 days 1,669 sqft
    2018-09-01 0 days 1,656 sqft
    2018-10-01 0 days 1,688 sqft
    2018-11-01 0 days 1,691 sqft
    2018-12-01 0 days 1,732 sqft
    2019-01-01 0 days 1,740 sqft
    2019-02-01 0 days 1,752 sqft
    2019-03-01 0 days 1,730 sqft
    2019-04-01 0 days 1,644 sqft
    2019-05-01 0 days 1,672 sqft
    2019-06-01 0 days 1,661 sqft
    2019-07-01 0 days 1,657 sqft
    2019-08-01 0 days 1,648 sqft
    2019-09-01 0 days 1,659 sqft
    2019-10-01 0 days 1,657 sqft
    2019-11-01 0 days 1,681 sqft
    2019-12-01 0 days 1,676 sqft
    2020-01-01 0 days 1,676 sqft
    2020-02-01 0 days 1,791 sqft
    2020-03-01 0 days 1,806 sqft
    2020-04-01 0 days 1,811 sqft
    2020-05-01 0 days 1,800 sqft
    2020-06-01 0 days 1,754 sqft
    2020-07-01 0 days 1,708 sqft
    2020-08-01 0 days 1,756 sqft
    2020-09-01 0 days 1,725 sqft
    2020-10-01 0 days 1,745 sqft
    2020-11-01 0 days 1,795 sqft
    2020-12-01 0 days 1,798 sqft
    2021-01-01 0 days 1,775 sqft
    2021-02-01 0 days 1,823 sqft
    2021-03-01 0 days 1,799 sqft
    2021-04-01 0 days 1,790 sqft
    2021-05-01 0 days 1,747 sqft
    2021-06-01 0 days 1,692 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 1,605 sqft
    2021-11-01 0 days 1,590 sqft
    2021-12-01 0 days 1,610 sqft
    2022-01-01 0 days 1,590 sqft
    2022-02-01 0 days 1,553 sqft
    2022-03-01 0 days 1,627 sqft
    2022-04-01 0 days 1,597 sqft
    2022-05-01 0 days 1,553 sqft
    2022-06-01 0 days 1,613 sqft
    2022-07-01 0 days 1,644 sqft
    2022-08-01 0 days 1,714 sqft
    2022-09-01 0 days 1,755 sqft
    2022-10-01 0 days 1,813 sqft
    2022-11-01 0 days 1,832 sqft
    2022-12-01 0 days 1,818 sqft
    2023-01-01 0 days 1,833 sqft
    2023-02-01 0 days 1,715 sqft
    2023-03-01 0 days 1,626 sqft
    2023-04-01 0 days 1,654 sqft
    2023-05-01 0 days 1,729 sqft
    2023-06-01 0 days 1,808 sqft
    2023-07-01 0 days 1,759 sqft
    2023-08-01 0 days 1,750 sqft
    2023-09-01 0 days 1,874 sqft
    2023-10-01 0 days 1,872 sqft
    2023-11-01 0 days 1,883 sqft
    2023-12-01 0 days 1,838 sqft
    2024-01-01 0 days 1,770 sqft
    2024-02-01 0 days 1,741 sqft
    2024-03-01 0 days 1,617 sqft
    Mcalester's median listing age (time on market) for 2024-03-01 was 0 days.

    Mcalester's median square footage for active listings during the 2024-03-01 period was 1,617 sqft. One year prior, the average listing was 1,626 sqft.