Mcalester USDA Loan Rates, Closing Costs & Stats

McAlester, 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.

Mcalester's 16 lenders originated 35 USDA loans during 2022. The total origination value was $4,295,000, with an average USDA loan value of $122,714.

Mcalester USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Mcalester averaged -0.34% for the week of 2024-02-23, compared to the national average (all USDA variants) of 0% for the same period.

Mcalester's average USDA mortgage closing costs are $4,171.

The average rate for the prior week (2024-02-16) was 6.44% and one month ago for the week of 2024-01-19, the average rate was 6.32%.

The average rate one year ago was 6.03%.

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.

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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
OPEN MORTGAGE, LLC 5 5.13% $6,525
Arvest Bank 4 5.06% $4,869
FLAT BRANCH MORTGAGE, INC. 3 4.79% $4,933
Mortgage Investment Services Corporation 3 6.08% $996
FirstTrust Home Loans, Inc. 3 5.33% $6,122
BancFirst 2 6.63% $4,655
BOKF 2 3.81% $5,351
MORTGAGE SOLUTIONS OF COLORADO, LLC 2 6.75% $5,733
Texana Bank 1 3.88% $5,395
CALIBER HOME LOANS, INC. 1 3.99% $8,281
Chickasaw Community Bank 1 3.63% $4,264
First United Bank and Trust Company 1 3.63% $4,923
GUILD MORTGAGE COMPANY 1 6.13% $7,323
PLAZA HOME MORTGAGE, INC. 1 5.63% $6,357
Stride Bank 1 4.88% $12,928
American Bank of Oklahoma 1 5.63% $5,343

The top Mcalester USDA lender as defined by loan originations is OPEN MORTGAGE, LLC, with 5 USDA loans originated. Their average total fees are $6,525, which is $1,655 higher than the next largest lender, Arvest Bank.

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

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


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
Mcalester's median listing price for 2023-12-01 was $235,000, a difference of $15,500 (7.1%) versus the prior year and $-9,925 versus the prior month.

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

Mcalester's average listing price for 2023-12-01 was $359,019, a difference of $43,761 (13.9%) versus the prior year and $-26,811 versus the prior month.

For the 2023-12-01 period, Mcalester had 168 MLS listings, a difference of -1 listings (-1%) versus the prior month and 30 listings (22%) 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 1,828 sqft
Mcalester's median listing age (time on market) for 2023-12-01 was 0 days.

Mcalester's median square footage for active listings during the 2023-12-01 period was 1,828 sqft. One year prior, the average listing was 1,818 sqft.