Mount Pleasant USDA Loan Rates, Closing Costs & Stats
Mount Pleasant, 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.
Mount Pleasant's 8 lenders originated 22 USDA loans during 2022. The total origination value was $4,020,000, with an average USDA loan value of $182,727.
Mount Pleasant USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Mount Pleasant
averaged
6.54%
for the week of 2023-09-22, compared to the national average (all USDA variants) of
7.021% for the same period.
Mount Pleasant's average USDA mortgage closing costs are $6,267.
The average rate for the prior week (2023-09-15) was
6.8% and
one month ago for the week of 2023-08-18, the
average rate was 6.8%.
The average rate one year ago was 5.63%.
For refis of the same type during the week of 2023-09-22, the average rate
was 6.82%.
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 | 2022 Avg. 30yFix Rate | 2022 Avg. Closing Costs |
|---|---|---|---|
| DRAPER AND KRAMER MORTGAGE CORP. | 8 | 4.87% | $8,551 |
| Nations Lending Corporation | 5 | 4.23% | $7,517 |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | 2 | 5.31% | $7,103 |
| Guaranty Bank & Trust, N.A. | 2 | 2.94% | $6,301 |
| SOUTHWEST FUNDING, LP | 2 | 5.44% | $9,714 |
| MORTGAGE FINANCIAL SERVICES, LLC | 1 | 4.50% | $7,605 |
| OPEN MORTGAGE, LLC | 1 | 4.13% | $7,734 |
| Servion, Inc. | 1 | 4.50% | $6,915 |
The top Mount Pleasant USDA lender as defined by loan originations is DRAPER AND KRAMER MORTGAGE CORP., with
8 USDA loans originated. Their average total fees are
$8,551, which is $1,034
higher than the next largest lender,
Nations Lending Corporation.
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 | $181,950 (4.0%) | $313,834 (-2.2%) | 0.00 | 219 |
| 2018-02-01 | $194,700 (8.8%) | $316,703 (-2.9%) | 0.00 | 224 |
| 2018-03-01 | $189,900 (1.5%) | $312,552 (-5.7%) | 0.00 | 249 |
| 2018-04-01 | $217,400 (16.6%) | $330,412 (0.8%) | 0.00 | 251 |
| 2018-05-01 | $227,450 (26.4%) | $340,051 (4.3%) | 0.00 | 265 |
| 2018-06-01 | $229,900 (23.9%) | $329,271 (6.4%) | 0.00 | 266 |
| 2018-07-01 | $222,400 (19.3%) | $332,738 (7.4%) | 0.00 | 238 |
| 2018-08-01 | $219,650 (13.2%) | $334,607 (5.4%) | 0.00 | 227 |
| 2018-09-01 | $229,950 (19.5%) | $360,105 (14.1%) | 0.00 | 234 |
| 2018-10-01 | $230,450 (14.4%) | $369,597 (13.2%) | 0.00 | 227 |
| 2018-11-01 | $224,950 (22.0%) | $377,830 (18.1%) | 0.00 | 212 |
| 2018-12-01 | $227,450 (23.1%) | $370,382 (18.1%) | 0.00 | 193 |
| 2019-01-01 | $227,475 (25.0%) | $395,642 (26.1%) | 0.00 | 183 |
| 2019-02-01 | $226,175 (16.2%) | $395,639 (24.9%) | 0.00 | 174 |
| 2019-03-01 | $244,450 (28.7%) | $401,377 (28.4%) | 0.00 | 171 |
| 2019-04-01 | $244,450 (12.4%) | $400,381 (21.2%) | 0.00 | 170 |
| 2019-05-01 | $270,700 (19.0%) | $422,098 (24.1%) | 0.00 | 173 |
| 2019-06-01 | $250,000 (8.7%) | $412,741 (25.4%) | 0.00 | 167 |
| 2019-07-01 | $229,200 (3.1%) | $320,240 (-3.8%) | 0.00 | 149 |
| 2019-08-01 | $227,070 (3.4%) | $332,978 (-0.5%) | 0.00 | 148 |
| 2019-09-01 | $223,501 (-2.8%) | $341,717 (-5.1%) | 0.00 | 149 |
| 2019-10-01 | $233,209 (1.2%) | $346,397 (-6.3%) | 0.00 | 145 |
| 2019-11-01 | $222,450 (-1.1%) | $284,495 (-24.7%) | 0.00 | 125 |
| 2019-12-01 | $248,225 (9.1%) | $294,307 (-20.5%) | 0.00 | 114 |
| 2020-01-01 | $242,450 (6.6%) | $285,636 (-27.8%) | 0.00 | 109 |
| 2020-02-01 | $239,900 (6.1%) | $289,359 (-26.9%) | 0.00 | 126 |
| 2020-03-01 | $223,850 (-8.4%) | $274,328 (-31.7%) | 0.00 | 128 |
| 2020-04-01 | $216,000 (-11.6%) | $263,888 (-34.1%) | 0.00 | 138 |
| 2020-05-01 | $217,000 (-19.8%) | $273,805 (-35.1%) | 0.00 | 132 |
| 2020-06-01 | $229,225 (-8.3%) | $295,057 (-28.5%) | 0.00 | 119 |
| 2020-07-01 | $225,000 (-1.8%) | $298,435 (-6.8%) | 0.00 | 111 |
| 2020-08-01 | $227,000 (0.0%) | $300,622 (-9.7%) | 0.00 | 95 |
| 2020-09-01 | $238,125 (6.5%) | $313,792 (-8.2%) | 0.00 | 82 |
| 2020-10-01 | $239,000 (2.5%) | $321,342 (-7.2%) | 0.00 | 78 |
| 2020-11-01 | $225,000 (1.2%) | $327,865 (15.2%) | 0.00 | 74 |
| 2020-12-01 | $232,175 (-6.5%) | $328,168 (11.5%) | 0.00 | 74 |
| 2021-01-01 | $249,999 (3.1%) | $378,630 (32.6%) | 0.00 | 71 |
| 2021-02-01 | $248,225 (3.5%) | $466,602 (61.3%) | 0.00 | 67 |
| 2021-03-01 | $254,900 (13.9%) | $419,669 (53.0%) | 0.00 | 58 |
| 2021-04-01 | $246,250 (14.0%) | $394,062 (49.3%) | 0.00 | 57 |
| 2021-05-01 | $272,400 (25.5%) | $402,474 (47.0%) | 0.00 | 54 |
| 2021-06-01 | $271,225 (18.3%) | $408,752 (38.5%) | 0.00 | 53 |
| 2021-07-01 | $270,400 (20.2%) | $389,879 (30.6%) | 0.00 | 56 |
| 2021-08-01 | $257,033 (13.2%) | $374,272 (24.5%) | 0.00 | 68 |
| 2021-09-01 | $267,625 (12.4%) | $430,711 (37.3%) | 0.00 | 77 |
| 2021-10-01 | $268,500 (12.3%) | $444,612 (38.4%) | 0.00 | 78 |
| 2021-11-01 | $277,450 (23.3%) | $407,428 (24.3%) | 0.00 | 68 |
| 2021-12-01 | $308,250 (32.8%) | $423,270 (29.0%) | 0.00 | 68 |
| 2022-01-01 | $314,000 (25.6%) | $453,340 (19.7%) | 0.00 | 66 |
| 2022-02-01 | $303,000 (22.1%) | $451,751 (-3.2%) | 0.00 | 59 |
| 2022-03-01 | $326,225 (28.0%) | $526,900 (25.6%) | 0.00 | 60 |
| 2022-04-01 | $359,500 (46.0%) | $585,176 (48.5%) | 0.00 | 66 |
| 2022-05-01 | $340,000 (24.8%) | $520,560 (29.3%) | 0.00 | 84 |
| 2022-06-01 | $349,225 (28.8%) | $508,782 (24.5%) | 0.00 | 97 |
| 2022-07-01 | $332,495 (23.0%) | $500,166 (28.3%) | 0.00 | 114 |
| 2022-08-01 | $334,900 (30.3%) | $464,195 (24.0%) | 0.00 | 131 |
| 2022-09-01 | $348,900 (30.4%) | $447,998 (4.0%) | 0.00 | 129 |
| 2022-10-01 | $266,900 (-0.6%) | $405,860 (-8.7%) | 0.00 | 147 |
| 2022-11-01 | $266,900 (-3.8%) | $397,040 (-2.6%) | 0.00 | 140 |
| 2022-12-01 | $266,900 (-13.4%) | $399,060 (-5.7%) | 0.00 | 132 |
| 2023-01-01 | $288,750 (-8.0%) | $387,834 (-14.5%) | 0.00 | 129 |
| 2023-02-01 | $289,000 (-4.6%) | $396,500 (-12.2%) | 0.00 | 129 |
| 2023-03-01 | $309,500 (-5.1%) | $422,274 (-19.9%) | 0.00 | 135 |
| 2023-04-01 | $347,450 (-3.4%) | $506,171 (-13.5%) | 0.00 | 149 |
| 2023-05-01 | $344,725 (1.4%) | $534,181 (2.6%) | 0.00 | 154 |
| 2023-06-01 | $368,700 (5.6%) | $535,937 (5.3%) | 0.00 | 160 |
| 2023-07-01 | $349,900 (5.2%) | $522,990 (4.6%) | 0.00 | 171 |
| 2023-08-01 | $338,975 (1.2%) | $502,339 (8.2%) | 0.00 | 171 |
Mount Pleasant's median listing price comes in at 0% of the national average.
Mount Pleasant's average listing price for 2023-08-01 was $502,339, a difference of $38,144 (8.2%) versus the prior year and $-20,651 versus the prior month.
For the 2023-08-01 period, Mount Pleasant had 171 MLS listings, a difference of 0 listings (0%) versus the prior month and 40 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 | 2,126 sqft |
| 2018-02-01 | 0 days | 2,201 sqft |
| 2018-03-01 | 0 days | 2,136 sqft |
| 2018-04-01 | 0 days | 2,198 sqft |
| 2018-05-01 | 0 days | 2,212 sqft |
| 2018-06-01 | 0 days | 2,223 sqft |
| 2018-07-01 | 0 days | 2,257 sqft |
| 2018-08-01 | 0 days | 2,276 sqft |
| 2018-09-01 | 0 days | 2,329 sqft |
| 2018-10-01 | 0 days | 2,284 sqft |
| 2018-11-01 | 0 days | 2,262 sqft |
| 2018-12-01 | 0 days | 2,244 sqft |
| 2019-01-01 | 0 days | 2,240 sqft |
| 2019-02-01 | 0 days | 2,245 sqft |
| 2019-03-01 | 0 days | 2,221 sqft |
| 2019-04-01 | 0 days | 2,190 sqft |
| 2019-05-01 | 0 days | 2,319 sqft |
| 2019-06-01 | 0 days | 2,310 sqft |
| 2019-07-01 | 0 days | 2,195 sqft |
| 2019-08-01 | 0 days | 2,199 sqft |
| 2019-09-01 | 0 days | 2,174 sqft |
| 2019-10-01 | 0 days | 2,236 sqft |
| 2019-11-01 | 0 days | 2,253 sqft |
| 2019-12-01 | 0 days | 2,296 sqft |
| 2020-01-01 | 0 days | 2,204 sqft |
| 2020-02-01 | 0 days | 2,253 sqft |
| 2020-03-01 | 0 days | 2,080 sqft |
| 2020-04-01 | 0 days | 2,029 sqft |
| 2020-05-01 | 0 days | 2,075 sqft |
| 2020-06-01 | 0 days | 2,188 sqft |
| 2020-07-01 | 0 days | 2,254 sqft |
| 2020-08-01 | 0 days | 2,252 sqft |
| 2020-09-01 | 0 days | 2,370 sqft |
| 2020-10-01 | 0 days | 2,238 sqft |
| 2020-11-01 | 0 days | 2,194 sqft |
| 2020-12-01 | 0 days | 2,170 sqft |
| 2021-01-01 | 0 days | 2,258 sqft |
| 2021-02-01 | 0 days | 2,396 sqft |
| 2021-03-01 | 0 days | 2,264 sqft |
| 2021-04-01 | 0 days | 2,345 sqft |
| 2021-05-01 | 0 days | 2,339 sqft |
| 2021-06-01 | 0 days | 2,071 sqft |
| 2021-07-01 | 0 days | 2,097 sqft |
| 2021-08-01 | 0 days | 2,084 sqft |
| 2021-09-01 | 0 days | 2,012 sqft |
| 2021-10-01 | 0 days | 1,992 sqft |
| 2021-11-01 | 0 days | 2,067 sqft |
| 2021-12-01 | 0 days | 2,090 sqft |
| 2022-01-01 | 0 days | 2,058 sqft |
| 2022-02-01 | 0 days | 2,000 sqft |
| 2022-03-01 | 0 days | 2,008 sqft |
| 2022-04-01 | 0 days | 2,000 sqft |
| 2022-05-01 | 0 days | 2,000 sqft |
| 2022-06-01 | 0 days | 2,009 sqft |
| 2022-07-01 | 0 days | 2,012 sqft |
| 2022-08-01 | 0 days | 2,000 sqft |
| 2022-09-01 | 0 days | 2,000 sqft |
| 2022-10-01 | 0 days | 1,753 sqft |
| 2022-11-01 | 0 days | 1,771 sqft |
| 2022-12-01 | 0 days | 1,782 sqft |
| 2023-01-01 | 0 days | 1,796 sqft |
| 2023-02-01 | 0 days | 1,753 sqft |
| 2023-03-01 | 0 days | 1,888 sqft |
| 2023-04-01 | 0 days | 2,075 sqft |
| 2023-05-01 | 0 days | 2,057 sqft |
| 2023-06-01 | 0 days | 2,068 sqft |
| 2023-07-01 | 0 days | 2,072 sqft |
| 2023-08-01 | 0 days | 2,078 sqft |
Mount Pleasant's median square footage for active listings during the 2023-08-01 period was 2,078 sqft. One year prior, the average listing was 2,000 sqft.