Muskogee USDA Loan Rates, Closing Costs & Stats

Muskogee, OK

  • 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.

    Muskogee's 12 lenders originated 24 USDA loans during 2023. The total origination value was $3,800,000, with an average USDA loan value of $158,333.

    Muskogee USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Muskogee averaged 6.78% for the week of 2024-04-19, compared to the national average (all USDA variants) of 6.863% for the same period.

    Muskogee's average USDA mortgage closing costs are $4,555.

    The average rate for the prior week (2024-04-12) was 6.63% and one month ago for the week of 2024-03-15, the average rate was 6.32%.

    The average rate one year ago was 6.36%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.66%.

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

    Muskogee 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 Muskogee level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Firstar Bank 6 6.13% $4,854
    FLAT BRANCH MORTGAGE, INC. 4 6.00% $7,206
    American Bank of Oklahoma 3 6.54% $7,347
    BOKF 2 7.38% $7,272
    OPEN MORTGAGE, LLC 2 6.44% $7,062
    Chickasaw Community Bank 1 6.63% $3,100
    CORNERSTONE HOME LENDING, INC. 1 6.00% $4,529
    United Fidelity Funding Corp. 1 7.13% $10,064
    Armstrong Bank 1 5.50% $5,891
    Arvest Bank 1 7.50% $5,920
    AXIA FINANCIAL, LLC 1 6.75% $4,401
    BancFirst 1 6.00% $6,835

    The top Muskogee USDA lender as defined by loan originations is Firstar Bank, with 6 USDA loans originated. Their average total fees are $4,854, which is $2,353 lower than the next largest lender, FLAT BRANCH MORTGAGE, INC..

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

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

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Muskogee (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 $114,100 (8.4%) $135,195 (-3.4%) 0.00 192
    2018-02-01 $107,625 (-1.3%) $133,665 (-4.5%) 0.00 179
    2018-03-01 $107,500 (-3.6%) $135,058 (-2.2%) 0.00 181
    2018-04-01 $116,000 (4.3%) $143,626 (5.8%) 0.00 178
    2018-05-01 $114,900 (4.0%) $138,673 (-0.1%) 0.00 187
    2018-06-01 $109,900 (0.2%) $138,641 (4.3%) 0.00 187
    2018-07-01 $114,950 (2.6%) $143,339 (9.8%) 0.00 189
    2018-08-01 $113,175 (-2.8%) $142,374 (3.1%) 0.00 189
    2018-09-01 $119,000 (3.5%) $148,477 (13.3%) 0.00 201
    2018-10-01 $114,950 (1.2%) $143,414 (8.8%) 0.00 217
    2018-11-01 $114,925 (2.2%) $142,031 (6.2%) 0.00 204
    2018-12-01 $110,000 (-4.4%) $140,340 (2.4%) 0.00 184
    2019-01-01 $113,750 (-0.3%) $138,986 (2.8%) 0.00 187
    2019-02-01 $115,000 (6.9%) $144,465 (8.1%) 0.00 186
    2019-03-01 $117,700 (9.5%) $148,479 (9.9%) 0.00 180
    2019-04-01 $124,450 (7.3%) $149,417 (4.0%) 0.00 174
    2019-05-01 $116,350 (1.3%) $142,529 (2.8%) 0.00 179
    2019-06-01 $119,900 (9.1%) $144,330 (4.1%) 0.00 172
    2019-07-01 $117,950 (2.6%) $146,354 (2.1%) 0.00 173
    2019-08-01 $121,123 (7.0%) $150,715 (5.9%) 0.00 183
    2019-09-01 $125,807 (5.7%) $154,132 (3.8%) 0.00 168
    2019-10-01 $128,930 (12.2%) $156,411 (9.1%) 0.00 155
    2019-11-01 $129,900 (13.0%) $163,003 (14.8%) 0.00 156
    2019-12-01 $129,882 (18.1%) $165,975 (18.3%) 0.00 146
    2020-01-01 $133,325 (17.2%) $170,363 (22.6%) 0.00 122
    2020-02-01 $134,950 (17.4%) $165,357 (14.5%) 0.00 135
    2020-03-01 $135,000 (14.7%) $174,273 (17.4%) 0.00 110
    2020-04-01 $140,625 (13.0%) $180,841 (21.0%) 0.00 109
    2020-05-01 $139,950 (20.3%) $185,735 (30.3%) 0.00 91
    2020-06-01 $141,725 (18.2%) $185,926 (28.8%) 0.00 92
    2020-07-01 $152,450 (29.3%) $202,721 (38.5%) 0.00 90
    2020-08-01 $135,000 (11.5%) $192,933 (28.0%) 0.00 78
    2020-09-01 $137,150 (9.0%) $196,491 (27.5%) 0.00 78
    2020-10-01 $135,500 (5.1%) $188,653 (20.6%) 0.00 87
    2020-11-01 $133,725 (2.9%) $184,837 (13.4%) 0.00 99
    2020-12-01 $134,900 (3.9%) $175,499 (5.7%) 0.00 90
    2021-01-01 $139,900 (4.9%) $171,865 (0.9%) 0.00 82
    2021-02-01 $124,950 (-7.4%) $165,397 (0.0%) 0.00 69
    2021-03-01 $89,950 (-33.4%) $155,217 (-10.9%) 0.00 60
    2021-04-01 $101,875 (-27.6%) $164,044 (-9.3%) 0.00 62
    2021-05-01 $82,000 (-41.4%) $156,618 (-15.7%) 0.00 57
    2021-06-01 $126,225 (-10.9%) $164,466 (-11.5%) 0.00 64
    2021-07-01 $134,950 (-11.5%) $173,554 (-14.4%) 0.00 76
    2021-08-01 $129,175 (-4.3%) $170,755 (-11.5%) 0.00 78
    2021-09-01 $119,625 (-12.8%) $153,557 (-21.9%) 0.00 103
    2021-10-01 $119,000 (-12.2%) $157,653 (-16.4%) 0.00 109
    2021-11-01 $114,225 (-14.6%) $161,707 (-12.5%) 0.00 95
    2021-12-01 $121,575 (-9.9%) $163,839 (-6.6%) 0.00 93
    2022-01-01 $116,950 (-16.4%) $173,534 (1.0%) 0.00 78
    2022-02-01 $133,975 (7.2%) $188,931 (14.2%) 0.00 67
    2022-03-01 $135,750 (50.9%) $192,666 (24.1%) 0.00 64
    2022-04-01 $175,000 (71.8%) $206,037 (25.6%) 0.00 70
    2022-05-01 $185,000 (125.6%) $213,329 (36.2%) 0.00 89
    2022-06-01 $201,226 (59.4%) $235,901 (43.4%) 0.00 92
    2022-07-01 $206,504 (53.0%) $231,323 (33.3%) 0.00 118
    2022-08-01 $209,331 (62.1%) $243,691 (42.7%) 0.00 143
    2022-09-01 $211,000 (76.4%) $236,542 (54.0%) 0.00 144
    2022-10-01 $204,990 (72.3%) $235,517 (49.4%) 0.00 142
    2022-11-01 $194,365 (70.2%) $236,673 (46.4%) 0.00 151
    2022-12-01 $189,990 (56.3%) $238,395 (45.5%) 0.00 132
    2023-01-01 $194,990 (66.7%) $243,755 (40.5%) 0.00 127
    2023-02-01 $194,990 (45.5%) $235,120 (24.5%) 0.00 140
    2023-03-01 $194,990 (43.6%) $247,987 (28.7%) 0.00 135
    2023-04-01 $204,745 (17.0%) $259,769 (26.1%) 0.00 132
    2023-05-01 $207,276 (12.0%) $265,037 (24.2%) 0.00 137
    2023-06-01 $203,550 (1.2%) $253,436 (7.4%) 0.00 139
    2023-07-01 $209,850 (1.6%) $262,120 (13.3%) 0.00 129
    2023-08-01 $197,445 (-5.7%) $251,792 (3.3%) 0.00 128
    2023-09-01 $194,995 (-7.6%) $250,160 (5.8%) 0.00 129
    2023-10-01 $184,990 (-9.8%) $221,936 (-5.8%) 0.00 153
    2023-11-01 $186,490 (-4.1%) $228,017 (-3.7%) 0.00 165
    2023-12-01 $187,990 (-1.1%) $226,531 (-5.0%) 0.00 146
    2024-01-01 $189,473 (-2.8%) $226,743 (-7.0%) 0.00 137
    2024-02-01 $188,870 (-3.1%) $236,121 (0.4%) 0.00 122
    2024-03-01 $194,990 (0.0%) $233,831 (-5.7%) 0.00 115
    Muskogee's median listing price for 2024-03-01 was $194,990, a difference of $0 (0.0%) versus the prior year and $6,120 versus the prior month.

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

    Muskogee's average listing price for 2024-03-01 was $233,831, a difference of $-14,156 (-5.7%) versus the prior year and $-2,290 versus the prior month.

    For the 2024-03-01 period, Muskogee had 115 MLS listings, a difference of -7 listings (-6%) versus the prior month and -20 listings (-15%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Muskogee (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,608 sqft
    2018-02-01 0 days 1,596 sqft
    2018-03-01 0 days 1,666 sqft
    2018-04-01 0 days 1,710 sqft
    2018-05-01 0 days 1,669 sqft
    2018-06-01 0 days 1,696 sqft
    2018-07-01 0 days 1,688 sqft
    2018-08-01 0 days 1,683 sqft
    2018-09-01 0 days 1,642 sqft
    2018-10-01 0 days 1,603 sqft
    2018-11-01 0 days 1,531 sqft
    2018-12-01 0 days 1,497 sqft
    2019-01-01 0 days 1,544 sqft
    2019-02-01 0 days 1,615 sqft
    2019-03-01 0 days 1,614 sqft
    2019-04-01 0 days 1,617 sqft
    2019-05-01 0 days 1,593 sqft
    2019-06-01 0 days 1,624 sqft
    2019-07-01 0 days 1,649 sqft
    2019-08-01 0 days 1,624 sqft
    2019-09-01 0 days 1,666 sqft
    2019-10-01 0 days 1,674 sqft
    2019-11-01 0 days 1,606 sqft
    2019-12-01 0 days 1,605 sqft
    2020-01-01 0 days 1,665 sqft
    2020-02-01 0 days 1,628 sqft
    2020-03-01 0 days 1,603 sqft
    2020-04-01 0 days 1,666 sqft
    2020-05-01 0 days 1,639 sqft
    2020-06-01 0 days 1,684 sqft
    2020-07-01 0 days 1,688 sqft
    2020-08-01 0 days 1,646 sqft
    2020-09-01 0 days 1,652 sqft
    2020-10-01 0 days 1,634 sqft
    2020-11-01 0 days 1,648 sqft
    2020-12-01 0 days 1,554 sqft
    2021-01-01 0 days 1,544 sqft
    2021-02-01 0 days 1,506 sqft
    2021-03-01 0 days 1,436 sqft
    2021-04-01 0 days 1,474 sqft
    2021-05-01 0 days 1,425 sqft
    2021-06-01 0 days 1,520 sqft
    2021-07-01 0 days 1,496 sqft
    2021-08-01 0 days 1,458 sqft
    2021-09-01 0 days 1,429 sqft
    2021-10-01 0 days 1,372 sqft
    2021-11-01 0 days 1,359 sqft
    2021-12-01 0 days 1,368 sqft
    2022-01-01 0 days 1,368 sqft
    2022-02-01 0 days 1,466 sqft
    2022-03-01 0 days 1,521 sqft
    2022-04-01 0 days 1,534 sqft
    2022-05-01 0 days 1,431 sqft
    2022-06-01 0 days 1,441 sqft
    2022-07-01 0 days 1,523 sqft
    2022-08-01 0 days 1,566 sqft
    2022-09-01 0 days 1,576 sqft
    2022-10-01 0 days 1,550 sqft
    2022-11-01 0 days 1,638 sqft
    2022-12-01 0 days 1,592 sqft
    2023-01-01 0 days 1,581 sqft
    2023-02-01 0 days 1,548 sqft
    2023-03-01 0 days 1,559 sqft
    2023-04-01 0 days 1,572 sqft
    2023-05-01 0 days 1,623 sqft
    2023-06-01 0 days 1,585 sqft
    2023-07-01 0 days 1,599 sqft
    2023-08-01 0 days 1,605 sqft
    2023-09-01 0 days 1,575 sqft
    2023-10-01 0 days 1,500 sqft
    2023-11-01 0 days 1,477 sqft
    2023-12-01 0 days 1,467 sqft
    2024-01-01 0 days 1,463 sqft
    2024-02-01 0 days 1,451 sqft
    2024-03-01 0 days 1,480 sqft
    Muskogee's median listing age (time on market) for 2024-03-01 was 0 days.

    Muskogee's median square footage for active listings during the 2024-03-01 period was 1,480 sqft. One year prior, the average listing was 1,559 sqft.