Mount Pleasant USDA Loan Rates, Closing Costs & Stats

Mount Pleasant, TX

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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.

    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 -0.17% for the week of 2024-11-15, compared to the national average (all USDA variants) of 0% for the same period.

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

    The average rate for the prior week (2024-11-08) was 6.58% and one month ago for the week of 2024-10-11, the average rate was 6.14%.

    The average rate one year ago was 7.47%.

    For refis of the same type during the week of 2024-11-15, the average rate was -0.2%.

    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 $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 $224,975 (22.0%) $378,408 (18.3%) 0.00 211
    2018-12-01 $229,900 (24.4%) $371,238 (18.4%) 0.00 192
    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 $229,100 (3.0%) $319,615 (-3.9%) 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 (-24.8%) 0.00 125
    2019-12-01 $248,225 (8.0%) $294,307 (-20.7%) 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 (-6.6%) 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 $334,990 (23.9%) $503,745 (29.2%) 0.00 113
    2022-08-01 $334,945 (30.3%) $467,227 (24.8%) 0.00 130
    2022-09-01 $349,175 (30.5%) $449,445 (4.4%) 0.00 128
    2022-10-01 $266,900 (-0.6%) $408,153 (-8.2%) 0.00 146
    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 $345,000 (-4.0%) $503,987 (-13.9%) 0.00 148
    2023-05-01 $342,000 (0.6%) $532,149 (2.2%) 0.00 153
    2023-06-01 $364,950 (4.5%) $534,106 (5.0%) 0.00 159
    2023-07-01 $347,450 (3.7%) $521,127 (3.5%) 0.00 170
    2023-08-01 $338,975 (1.2%) $502,339 (7.5%) 0.00 171
    2023-09-01 $335,000 (-4.1%) $488,198 (8.6%) 0.00 165
    2023-10-01 $349,950 (31.1%) $471,758 (15.6%) 0.00 155
    2023-11-01 $349,950 (31.1%) $483,670 (21.8%) 0.00 146
    2023-12-01 $350,000 (31.1%) $487,257 (22.1%) 0.00 139
    2024-01-01 $338,675 (17.3%) $481,762 (24.2%) 0.00 139
    2024-02-01 $329,000 (13.8%) $486,991 (22.8%) 0.00 151
    2024-03-01 $329,450 (6.5%) $490,503 (16.2%) 0.00 159
    2024-04-01 $324,975 (-5.8%) $482,807 (-4.2%) 0.00 183
    2024-05-01 $326,000 (-4.7%) $477,339 (-10.3%) 0.00 201
    2024-06-01 $327,000 (-10.4%) $472,520 (-11.5%) 0.00 210
    2024-07-01 $325,000 (-6.5%) $469,740 (-9.9%) 0.00 210
    2024-08-01 $329,000 (-2.9%) $449,097 (-10.6%) 0.00 206
    2024-09-01 $343,650 (2.6%) $465,026 (-4.8%) 0.00 197
    2024-10-01 $342,425 (-2.2%) $455,142 (-3.5%) 0.00 194
    Mount Pleasant's median listing price for 2024-10-01 was $342,425, a difference of $-7,525 (-2.2%) versus the prior year and $-1,225 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 2024-10-01 was $455,142, a difference of $-16,616 (-3.5%) versus the prior year and $-9,884 versus the prior month.

    For the 2024-10-01 period, Mount Pleasant had 194 MLS listings, a difference of -3 listings (-2%) versus the prior month and 39 listings (25%) 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 2,247 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 2,191 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 2,024 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 2,074 sqft
    2023-05-01 0 days 2,055 sqft
    2023-06-01 0 days 2,063 sqft
    2023-07-01 0 days 2,069 sqft
    2023-08-01 0 days 2,078 sqft
    2023-09-01 0 days 2,065 sqft
    2023-10-01 0 days 2,023 sqft
    2023-11-01 0 days 2,009 sqft
    2023-12-01 0 days 2,009 sqft
    2024-01-01 0 days 2,002 sqft
    2024-02-01 0 days 1,985 sqft
    2024-03-01 0 days 2,006 sqft
    2024-04-01 0 days 2,004 sqft
    2024-05-01 0 days 2,015 sqft
    2024-06-01 0 days 2,019 sqft
    2024-07-01 0 days 2,010 sqft
    2024-08-01 0 days 1,960 sqft
    2024-09-01 0 days 1,950 sqft
    2024-10-01 0 days 1,921 sqft
    Mount Pleasant's median listing age (time on market) for 2024-10-01 was 0 days.

    Mount Pleasant's median square footage for active listings during the 2024-10-01 period was 1,921 sqft. One year prior, the average listing was 2,023 sqft.