Ponca City USDA Loan Rates, Closing Costs & Stats

Ponca City, 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.

Ponca City's 5 lenders originated 12 USDA loans during 2023. The total origination value was $1,350,000, with an average USDA loan value of $112,500.

Ponca City USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Ponca City averaged 6.68% for the week of 2024-03-22, compared to the national average (all USDA variants) of 6.674% for the same period.

Ponca City's average USDA mortgage closing costs are $4,953.

The average rate for the prior week (2024-03-15) was 6.6% and one month ago for the week of 2024-02-16, the average rate was 6.68%.

The average rate one year ago was 6.38%.

For refis of the same type during the week of 2024-03-22, the average rate was 6.77%.

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

Ponca City 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 Ponca City level.

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
OPEN MORTGAGE, LLC 5 6.68% $6,419
FLAT BRANCH MORTGAGE, INC. 4 6.94% $5,455
BancFirst 1 6.13% $4,991
FIRST AMERICAN MORTGAGE, INC. 1 6.75% $4,000
PRIMELENDING, A PLAINSCAPITAL COMPANY 1 6.75% $5,197

The top Ponca City USDA lender as defined by loan originations is OPEN MORTGAGE, LLC, with 5 USDA loans originated. Their average total fees are $6,419, which is $964 higher than the next largest lender, FLAT BRANCH MORTGAGE, INC..

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

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


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Ponca City (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 $114,875 (18.1%) $146,109 (9.3%) 0.00 190
2018-02-01 $119,900 (18.5%) $146,791 (10.0%) 0.00 180
2018-03-01 $119,700 (18.6%) $145,416 (5.7%) 0.00 181
2018-04-01 $118,500 (8.2%) $144,335 (1.6%) 0.00 182
2018-05-01 $119,500 (3.1%) $145,345 (1.7%) 0.00 198
2018-06-01 $120,000 (8.9%) $149,818 (7.8%) 0.00 196
2018-07-01 $127,450 (19.7%) $156,989 (14.4%) 0.00 210
2018-08-01 $122,500 (14.3%) $149,385 (1.9%) 0.00 214
2018-09-01 $119,000 (11.0%) $140,607 (-4.5%) 0.00 210
2018-10-01 $116,100 (5.8%) $135,618 (-9.4%) 0.00 220
2018-11-01 $111,625 (-8.2%) $130,686 (-14.7%) 0.00 222
2018-12-01 $109,900 (-7.7%) $129,898 (-12.6%) 0.00 207
2019-01-01 $105,425 (-8.2%) $122,976 (-15.8%) 0.00 199
2019-02-01 $109,175 (-8.9%) $126,990 (-13.5%) 0.00 189
2019-03-01 $109,000 (-8.9%) $128,819 (-11.4%) 0.00 181
2019-04-01 $109,875 (-7.3%) $131,869 (-8.6%) 0.00 175
2019-05-01 $108,425 (-9.3%) $134,914 (-7.2%) 0.00 176
2019-06-01 $115,900 (-3.4%) $139,676 (-6.8%) 0.00 174
2019-07-01 $119,675 (-6.1%) $145,288 (-7.5%) 0.00 183
2019-08-01 $116,791 (-4.7%) $141,752 (-5.1%) 0.00 192
2019-09-01 $112,127 (-5.8%) $136,802 (-2.7%) 0.00 195
2019-10-01 $112,268 (-3.3%) $133,955 (-1.2%) 0.00 196
2019-11-01 $113,000 (1.2%) $132,043 (1.0%) 0.00 199
2019-12-01 $110,000 (0.1%) $130,601 (0.5%) 0.00 191
2020-01-01 $109,500 (3.9%) $129,686 (5.5%) 0.00 194
2020-02-01 $108,500 (-0.6%) $128,718 (1.4%) 0.00 190
2020-03-01 $106,000 (-2.8%) $135,497 (5.2%) 0.00 182
2020-04-01 $104,450 (-4.9%) $148,551 (12.7%) 0.00 166
2020-05-01 $115,000 (6.1%) $153,447 (13.7%) 0.00 128
2020-06-01 $124,950 (7.8%) $168,079 (20.3%) 0.00 125
2020-07-01 $124,950 (4.4%) $168,137 (15.7%) 0.00 123
2020-08-01 $113,000 (-3.3%) $166,675 (17.6%) 0.00 111
2020-09-01 $99,450 (-11.3%) $174,748 (27.7%) 0.00 102
2020-10-01 $119,450 (6.4%) $184,036 (37.4%) 0.00 96
2020-11-01 $116,000 (2.7%) $180,188 (36.5%) 0.00 102
2020-12-01 $107,036 (-2.7%) $177,119 (35.6%) 0.00 89
2021-01-01 $97,400 (-11.1%) $160,339 (23.6%) 0.00 80
2021-02-01 $98,675 (-9.1%) $164,748 (28.0%) 0.00 76
2021-03-01 $92,400 (-12.8%) $180,215 (33.0%) 0.00 73
2021-04-01 $102,475 (-1.9%) $156,252 (5.2%) 0.00 71
2021-05-01 $124,000 (7.8%) $161,730 (5.4%) 0.00 58
2021-06-01 $81,250 (-35.0%) $122,226 (-27.3%) 0.00 54
2021-07-01 $90,000 (-28.0%) $123,592 (-26.5%) 0.00 70
2021-08-01 $123,075 (8.9%) $194,594 (16.8%) 0.00 76
2021-09-01 $125,600 (26.3%) $199,129 (14.0%) 0.00 85
2021-10-01 $127,200 (6.5%) $185,718 (0.9%) 0.00 91
2021-11-01 $124,950 (7.7%) $181,332 (0.6%) 0.00 106
2021-12-01 $122,500 (14.5%) $185,191 (4.6%) 0.00 99
2022-01-01 $140,000 (43.7%) $198,100 (23.6%) 0.00 84
2022-02-01 $132,000 (33.8%) $202,362 (22.8%) 0.00 62
2022-03-01 $140,975 (52.6%) $204,548 (13.5%) 0.00 56
2022-04-01 $155,000 (51.3%) $206,304 (32.0%) 0.00 50
2022-05-01 $151,250 (22.0%) $193,677 (19.8%) 0.00 59
2022-06-01 $141,950 (74.7%) $187,640 (53.5%) 0.00 76
2022-07-01 $149,900 (66.6%) $172,972 (40.0%) 0.00 82
2022-08-01 $126,250 (2.6%) $168,724 (-13.3%) 0.00 96
2022-09-01 $157,475 (25.4%) $176,145 (-11.5%) 0.00 95
2022-10-01 $177,250 (39.4%) $181,576 (-2.2%) 0.00 97
2022-11-01 $195,500 (56.5%) $197,745 (9.1%) 0.00 87
2022-12-01 $189,900 (55.0%) $202,547 (9.4%) 0.00 84
2023-01-01 $191,950 (37.1%) $209,810 (5.9%) 0.00 82
2023-02-01 $192,200 (45.6%) $218,818 (8.1%) 0.00 80
2023-03-01 $185,725 (31.7%) $204,133 (-0.2%) 0.00 78
2023-04-01 $188,000 (21.3%) $225,165 (9.1%) 0.00 70
2023-05-01 $181,950 (20.3%) $210,777 (8.8%) 0.00 82
2023-06-01 $177,400 (25.0%) $214,385 (14.3%) 0.00 85
2023-07-01 $160,000 (6.7%) $211,857 (22.5%) 0.00 92
2023-08-01 $147,500 (16.8%) $201,144 (19.2%) 0.00 106
2023-09-01 $139,950 (-11.1%) $189,326 (7.5%) 0.00 109
2023-10-01 $138,700 (-21.8%) $194,110 (6.9%) 0.00 123
2023-11-01 $141,875 (-27.4%) $191,833 (-3.0%) 0.00 137
2023-12-01 $146,750 (-22.7%) $189,122 (-6.6%) 0.00 144
2024-01-01 $149,500 (-22.1%) $206,572 (-1.5%) 0.00 120
2024-02-01 $156,200 (-18.7%) $210,853 (-3.6%) 0.00 100
Ponca City's median listing price for 2024-02-01 was $156,200, a difference of $-36,000 (-18.7%) versus the prior year and $6,700 versus the prior month.

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

Ponca City's average listing price for 2024-02-01 was $210,853, a difference of $-7,965 (-3.6%) versus the prior year and $4,281 versus the prior month.

For the 2024-02-01 period, Ponca City had 100 MLS listings, a difference of -20 listings (-17%) versus the prior month and 20 listings (25%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Ponca City (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,689 sqft
2018-02-01 0 days 1,686 sqft
2018-03-01 0 days 1,695 sqft
2018-04-01 0 days 1,677 sqft
2018-05-01 0 days 1,693 sqft
2018-06-01 0 days 1,730 sqft
2018-07-01 0 days 1,795 sqft
2018-08-01 0 days 1,763 sqft
2018-09-01 0 days 1,720 sqft
2018-10-01 0 days 1,651 sqft
2018-11-01 0 days 1,602 sqft
2018-12-01 0 days 1,582 sqft
2019-01-01 0 days 1,577 sqft
2019-02-01 0 days 1,600 sqft
2019-03-01 0 days 1,612 sqft
2019-04-01 0 days 1,623 sqft
2019-05-01 0 days 1,669 sqft
2019-06-01 0 days 1,736 sqft
2019-07-01 0 days 1,744 sqft
2019-08-01 0 days 1,749 sqft
2019-09-01 0 days 1,750 sqft
2019-10-01 0 days 1,750 sqft
2019-11-01 0 days 1,752 sqft
2019-12-01 0 days 1,695 sqft
2020-01-01 0 days 1,649 sqft
2020-02-01 0 days 1,601 sqft
2020-03-01 0 days 1,627 sqft
2020-04-01 0 days 1,616 sqft
2020-05-01 0 days 1,654 sqft
2020-06-01 0 days 1,755 sqft
2020-07-01 0 days 1,683 sqft
2020-08-01 0 days 1,665 sqft
2020-09-01 0 days 1,616 sqft
2020-10-01 0 days 1,641 sqft
2020-11-01 0 days 1,583 sqft
2020-12-01 0 days 1,618 sqft
2021-01-01 0 days 1,557 sqft
2021-02-01 0 days 1,595 sqft
2021-03-01 0 days 1,680 sqft
2021-04-01 0 days 1,729 sqft
2021-05-01 0 days 1,819 sqft
2021-06-01 0 days 1,411 sqft
2021-07-01 0 days 1,411 sqft
2021-08-01 0 days 1,624 sqft
2021-09-01 0 days 1,585 sqft
2021-10-01 0 days 1,638 sqft
2021-11-01 0 days 1,625 sqft
2021-12-01 0 days 1,603 sqft
2022-01-01 0 days 1,629 sqft
2022-02-01 0 days 1,591 sqft
2022-03-01 0 days 1,600 sqft
2022-04-01 0 days 1,583 sqft
2022-05-01 0 days 1,571 sqft
2022-06-01 0 days 1,626 sqft
2022-07-01 0 days 1,652 sqft
2022-08-01 0 days 1,517 sqft
2022-09-01 0 days 1,592 sqft
2022-10-01 0 days 1,743 sqft
2022-11-01 0 days 1,878 sqft
2022-12-01 0 days 1,871 sqft
2023-01-01 0 days 1,944 sqft
2023-02-01 0 days 1,943 sqft
2023-03-01 0 days 1,833 sqft
2023-04-01 0 days 1,833 sqft
2023-05-01 0 days 1,789 sqft
2023-06-01 0 days 1,778 sqft
2023-07-01 0 days 1,744 sqft
2023-08-01 0 days 1,751 sqft
2023-09-01 0 days 1,746 sqft
2023-10-01 0 days 1,603 sqft
2023-11-01 0 days 1,552 sqft
2023-12-01 0 days 1,575 sqft
2024-01-01 0 days 1,678 sqft
2024-02-01 0 days 1,739 sqft
Ponca City's median listing age (time on market) for 2024-02-01 was 0 days.

Ponca City's median square footage for active listings during the 2024-02-01 period was 1,739 sqft. One year prior, the average listing was 1,943 sqft.