Mount Pleasant USDA Loan Rates, Closing Costs & Stats

Mount Pleasant, TX

  • 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.

    Mount Pleasant's 6 lenders originated 10 USDA loans during 2023. The total origination value was $1,900,000, with an average USDA loan value of $190,000.

    Mount Pleasant USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Mount Pleasant averaged 6.35% for the week of 2025-02-14, compared to the national average (all USDA variants) of 6.526% for the same period.

    Mount Pleasant's average USDA mortgage closing costs are $6,554.

    The average rate for the prior week (2025-02-07) was 6.41% and one month ago for the week of 2025-01-10, the average rate was 6.46%.

    The average rate one year ago was 6.65%.

    For refis of the same type during the week of 2025-02-14, the average rate was 6.43%.

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

    Mount Pleasant 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 Mount Pleasant level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    DRAPER AND KRAMER MORTGAGE CORP. 3 6.46% $10,373
    HOMEBRIDGE FINANCIAL SERVICES, INC. 3 6.08% $10,760
    CHURCHILL MORTGAGE CORPORATION 1 6.63% $15,528
    CMG MORTGAGE, INC. 1 6.13% $10,333
    EVERETT FINANCIAL, INC. 1 7.38% $3,611
    UNITED WHOLESALE MORTGAGE, LLC 1 6.75% $9,757

    The top Mount Pleasant USDA lender as defined by loan originations is DRAPER AND KRAMER MORTGAGE CORP., with 3 USDA loans originated. Their average total fees are $10,373, which is $387 lower than the next largest lender, HOMEBRIDGE FINANCIAL SERVICES, INC..

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

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

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Mount Pleasant (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 $159,900 (6.7%) $285,684 (-0.6%) 0.00 276
    2018-02-01 $162,500 (8.5%) $289,832 (-0.5%) 0.00 282
    2018-03-01 $164,950 (-1.2%) $283,581 (-6.2%) 0.00 312
    2018-04-01 $174,875 (3.6%) $296,019 (-1.4%) 0.00 318
    2018-05-01 $179,925 (13.4%) $299,453 (1.2%) 0.00 338
    2018-06-01 $184,900 (15.6%) $288,505 (1.0%) 0.00 345
    2018-07-01 $179,400 (12.1%) $290,280 (2.4%) 0.00 310
    2018-08-01 $180,000 (6.1%) $296,693 (2.7%) 0.00 295
    2018-09-01 $199,900 (17.8%) $320,862 (10.8%) 0.00 301
    2018-10-01 $195,325 (15.8%) $329,039 (12.3%) 0.00 289
    2018-11-01 $192,425 (20.5%) $336,873 (17.4%) 0.00 271
    2018-12-01 $197,500 (23.5%) $335,190 (18.3%) 0.00 241
    2019-01-01 $201,100 (25.8%) $347,658 (21.7%) 0.00 228
    2019-02-01 $201,100 (23.8%) $346,354 (19.5%) 0.00 220
    2019-03-01 $195,529 (18.5%) $344,515 (21.5%) 0.00 224
    2019-04-01 $184,754 (5.7%) $338,152 (14.2%) 0.00 228
    2019-05-01 $210,000 (16.7%) $356,791 (19.2%) 0.00 231
    2019-06-01 $188,500 (2.0%) $336,034 (16.5%) 0.00 229
    2019-07-01 $179,470 (0.0%) $278,955 (-3.9%) 0.00 213
    2019-08-01 $179,871 (-0.1%) $293,916 (-0.9%) 0.00 204
    2019-09-01 $179,828 (-10.0%) $307,563 (-4.1%) 0.00 197
    2019-10-01 $184,852 (-5.4%) $314,576 (-4.4%) 0.00 188
    2019-11-01 $179,295 (-6.8%) $264,557 (-21.5%) 0.00 171
    2019-12-01 $173,950 (-11.9%) $264,745 (-21.0%) 0.00 157
    2020-01-01 $177,900 (-11.5%) $265,297 (-23.7%) 0.00 151
    2020-02-01 $199,000 (-1.0%) $271,837 (-21.5%) 0.00 167
    2020-03-01 $195,000 (-0.3%) $259,448 (-24.7%) 0.00 168
    2020-04-01 $199,000 (7.7%) $257,280 (-23.9%) 0.00 173
    2020-05-01 $199,900 (-4.8%) $269,555 (-24.5%) 0.00 165
    2020-06-01 $209,900 (11.4%) $282,197 (-16.0%) 0.00 152
    2020-07-01 $209,125 (16.5%) $284,930 (2.1%) 0.00 142
    2020-08-01 $209,900 (16.7%) $283,521 (-3.5%) 0.00 125
    2020-09-01 $217,450 (20.9%) $284,289 (-7.6%) 0.00 117
    2020-10-01 $219,900 (19.0%) $290,940 (-7.5%) 0.00 110
    2020-11-01 $209,225 (16.7%) $300,849 (13.7%) 0.00 105
    2020-12-01 $222,425 (27.9%) $303,179 (14.5%) 0.00 104
    2021-01-01 $235,000 (32.1%) $340,718 (28.4%) 0.00 94
    2021-02-01 $237,625 (19.4%) $400,172 (47.2%) 0.00 88
    2021-03-01 $234,250 (20.1%) $373,447 (43.9%) 0.00 75
    2021-04-01 $232,000 (16.6%) $351,305 (36.6%) 0.00 74
    2021-05-01 $249,999 (25.1%) $373,136 (38.4%) 0.00 73
    2021-06-01 $247,925 (18.1%) $372,468 (32.0%) 0.00 76
    2021-07-01 $242,500 (16.0%) $363,448 (27.6%) 0.00 82
    2021-08-01 $236,200 (12.5%) $337,930 (19.2%) 0.00 103
    2021-09-01 $244,900 (12.6%) $369,046 (29.8%) 0.00 114
    2021-10-01 $249,900 (13.6%) $384,901 (32.3%) 0.00 112
    2021-11-01 $237,450 (13.5%) $355,384 (18.1%) 0.00 103
    2021-12-01 $235,000 (5.7%) $365,653 (20.6%) 0.00 98
    2022-01-01 $244,500 (4.0%) $396,634 (16.4%) 0.00 89
    2022-02-01 $247,475 (4.1%) $410,264 (2.5%) 0.00 87
    2022-03-01 $302,425 (29.1%) $481,211 (28.9%) 0.00 81
    2022-04-01 $314,000 (35.3%) $523,313 (49.0%) 0.00 87
    2022-05-01 $310,000 (24.0%) $489,413 (31.2%) 0.00 106
    2022-06-01 $315,000 (27.1%) $478,879 (28.6%) 0.00 124
    2022-07-01 $319,450 (31.7%) $484,262 (33.2%) 0.00 147
    2022-08-01 $329,950 (39.7%) $476,985 (41.2%) 0.00 162
    2022-09-01 $340,650 (39.1%) $463,255 (25.5%) 0.00 161
    2022-10-01 $265,000 (6.0%) $405,632 (5.4%) 0.00 182
    2022-11-01 $263,400 (10.9%) $399,443 (12.4%) 0.00 178
    2022-12-01 $263,750 (12.2%) $405,475 (10.9%) 0.00 167
    2023-01-01 $267,050 (9.2%) $394,303 (-0.6%) 0.00 166
    2023-02-01 $278,500 (12.5%) $408,128 (-0.5%) 0.00 165
    2023-03-01 $289,600 (-4.2%) $415,686 (-13.6%) 0.00 170
    2023-04-01 $325,000 (3.5%) $491,740 (-6.0%) 0.00 182
    2023-05-01 $327,350 (5.6%) $505,968 (3.4%) 0.00 194
    2023-06-01 $337,750 (7.2%) $500,438 (4.5%) 0.00 203
    2023-07-01 $329,450 (3.1%) $493,747 (2.0%) 0.00 218
    2023-08-01 $315,000 (-4.5%) $467,047 (-2.1%) 0.00 228
    2023-09-01 $307,400 (-9.8%) $452,149 (-2.4%) 0.00 220
    2023-10-01 $325,000 (22.6%) $436,963 (7.7%) 0.00 216
    2023-11-01 $329,225 (25.0%) $446,004 (11.7%) 0.00 207
    2023-12-01 $324,900 (23.2%) $441,385 (8.9%) 0.00 201
    2024-01-01 $294,450 (10.3%) $422,706 (7.2%) 0.00 205
    2024-02-01 $285,000 (2.3%) $424,889 (4.1%) 0.00 216
    2024-03-01 $289,900 (0.1%) $433,952 (4.4%) 0.00 224
    2024-04-01 $299,575 (-7.8%) $437,955 (-10.9%) 0.00 240
    2024-05-01 $304,850 (-6.9%) $438,339 (-13.4%) 0.00 259
    2024-06-01 $311,950 (-7.6%) $436,299 (-12.8%) 0.00 268
    2024-07-01 $294,250 (-10.7%) $434,148 (-12.1%) 0.00 269
    2024-08-01 $299,900 (-4.8%) $414,728 (-11.2%) 0.00 263
    2024-09-01 $299,900 (-2.4%) $426,486 (-5.7%) 0.00 258
    2024-10-01 $299,675 (-7.8%) $410,158 (-6.1%) 0.00 256
    2024-11-01 $279,000 (-15.3%) $384,413 (-13.8%) 0.00 283
    2024-12-01 $277,500 (-14.6%) $376,728 (-14.7%) 0.00 287
    2025-01-01 $275,000 (-6.6%) $368,433 (-12.8%) 0.00 269
    Mount Pleasant's median listing price for 2025-01-01 was $275,000, a difference of $-19,450 (-6.6%) versus the prior year and $-2,500 versus the prior month.

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

    Mount Pleasant's average listing price for 2025-01-01 was $368,433, a difference of $-54,273 (-12.8%) versus the prior year and $-8,295 versus the prior month.

    For the 2025-01-01 period, Mount Pleasant had 269 MLS listings, a difference of -18 listings (-6%) versus the prior month and 64 listings (31%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Mount Pleasant (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,983 sqft
    2018-02-01 0 days 2,021 sqft
    2018-03-01 0 days 1,972 sqft
    2018-04-01 0 days 2,001 sqft
    2018-05-01 0 days 2,000 sqft
    2018-06-01 0 days 2,023 sqft
    2018-07-01 0 days 2,013 sqft
    2018-08-01 0 days 2,028 sqft
    2018-09-01 0 days 2,160 sqft
    2018-10-01 0 days 2,139 sqft
    2018-11-01 0 days 2,119 sqft
    2018-12-01 0 days 2,115 sqft
    2019-01-01 0 days 2,113 sqft
    2019-02-01 0 days 2,135 sqft
    2019-03-01 0 days 2,095 sqft
    2019-04-01 0 days 2,072 sqft
    2019-05-01 0 days 2,140 sqft
    2019-06-01 0 days 2,122 sqft
    2019-07-01 0 days 2,073 sqft
    2019-08-01 0 days 2,077 sqft
    2019-09-01 0 days 2,065 sqft
    2019-10-01 0 days 2,075 sqft
    2019-11-01 0 days 2,070 sqft
    2019-12-01 0 days 2,121 sqft
    2020-01-01 0 days 2,120 sqft
    2020-02-01 0 days 2,124 sqft
    2020-03-01 0 days 2,039 sqft
    2020-04-01 0 days 2,019 sqft
    2020-05-01 0 days 2,050 sqft
    2020-06-01 0 days 2,124 sqft
    2020-07-01 0 days 2,148 sqft
    2020-08-01 0 days 2,159 sqft
    2020-09-01 0 days 2,088 sqft
    2020-10-01 0 days 2,064 sqft
    2020-11-01 0 days 2,050 sqft
    2020-12-01 0 days 2,073 sqft
    2021-01-01 0 days 2,180 sqft
    2021-02-01 0 days 2,202 sqft
    2021-03-01 0 days 2,155 sqft
    2021-04-01 0 days 2,266 sqft
    2021-05-01 0 days 2,196 sqft
    2021-06-01 0 days 2,050 sqft
    2021-07-01 0 days 2,030 sqft
    2021-08-01 0 days 1,992 sqft
    2021-09-01 0 days 1,910 sqft
    2021-10-01 0 days 1,970 sqft
    2021-11-01 0 days 1,950 sqft
    2021-12-01 0 days 1,985 sqft
    2022-01-01 0 days 2,000 sqft
    2022-02-01 0 days 1,989 sqft
    2022-03-01 0 days 1,986 sqft
    2022-04-01 0 days 1,920 sqft
    2022-05-01 0 days 1,961 sqft
    2022-06-01 0 days 1,966 sqft
    2022-07-01 0 days 2,000 sqft
    2022-08-01 0 days 1,994 sqft
    2022-09-01 0 days 2,042 sqft
    2022-10-01 0 days 1,753 sqft
    2022-11-01 0 days 1,795 sqft
    2022-12-01 0 days 1,800 sqft
    2023-01-01 0 days 1,798 sqft
    2023-02-01 0 days 1,794 sqft
    2023-03-01 0 days 1,881 sqft
    2023-04-01 0 days 2,041 sqft
    2023-05-01 0 days 1,989 sqft
    2023-06-01 0 days 2,024 sqft
    2023-07-01 0 days 2,029 sqft
    2023-08-01 0 days 2,070 sqft
    2023-09-01 0 days 2,023 sqft
    2023-10-01 0 days 1,979 sqft
    2023-11-01 0 days 1,977 sqft
    2023-12-01 0 days 1,987 sqft
    2024-01-01 0 days 1,975 sqft
    2024-02-01 0 days 1,931 sqft
    2024-03-01 0 days 1,942 sqft
    2024-04-01 0 days 1,946 sqft
    2024-05-01 0 days 1,950 sqft
    2024-06-01 0 days 1,960 sqft
    2024-07-01 0 days 1,952 sqft
    2024-08-01 0 days 1,939 sqft
    2024-09-01 0 days 1,917 sqft
    2024-10-01 0 days 1,885 sqft
    2024-11-01 0 days 1,806 sqft
    2024-12-01 0 days 1,765 sqft
    2025-01-01 0 days 1,764 sqft
    Mount Pleasant's median listing age (time on market) for 2025-01-01 was 0 days.

    Mount Pleasant's median square footage for active listings during the 2025-01-01 period was 1,764 sqft. One year prior, the average listing was 1,975 sqft.