Ponca City USDA Loan Rates, Closing Costs & Stats

Ponca City, OK

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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.

    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 6.21% for the week of 2024-12-13, compared to the national average (all USDA variants) of 6.303% for the same period.

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

    The average rate for the prior week (2024-12-06) was 6.54% and one month ago for the week of 2024-11-08, the average rate was 6.56%.

    The average rate one year ago was 6.73%.

    For refis of the same type during the week of 2024-12-13, the average rate was 6.4%.

    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
    2024-03-01 $164,000 (-11.7%) $211,101 (3.4%) 0.00 108
    2024-04-01 $166,750 (-11.3%) $198,955 (-11.6%) 0.00 103
    2024-05-01 $159,000 (-12.6%) $207,168 (-1.7%) 0.00 104
    2024-06-01 $149,000 (-16.0%) $206,659 (-3.6%) 0.00 123
    2024-07-01 $145,500 (-9.1%) $194,500 (-8.2%) 0.00 126
    2024-08-01 $149,900 (1.6%) $192,852 (-4.1%) 0.00 143
    2024-09-01 $149,900 (7.1%) $190,546 (0.6%) 0.00 137
    2024-10-01 $152,450 (9.9%) $195,104 (0.5%) 0.00 142
    2024-11-01 $154,900 (9.2%) $195,679 (2.0%) 0.00 141
    Ponca City's median listing price for 2024-11-01 was $154,900, a difference of $13,025 (9.2%) versus the prior year and $2,450 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 2024-11-01 was $195,679, a difference of $3,846 (2.0%) versus the prior year and $575 versus the prior month.

    For the 2024-11-01 period, Ponca City had 141 MLS listings, a difference of -1 listings (-1%) versus the prior month and 4 listings (3%) 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
    2024-03-01 0 days 1,732 sqft
    2024-04-01 0 days 1,696 sqft
    2024-05-01 0 days 1,663 sqft
    2024-06-01 0 days 1,653 sqft
    2024-07-01 0 days 1,655 sqft
    2024-08-01 0 days 1,589 sqft
    2024-09-01 0 days 1,641 sqft
    2024-10-01 0 days 1,628 sqft
    2024-11-01 0 days 1,650 sqft
    Ponca City's median listing age (time on market) for 2024-11-01 was 0 days.

    Ponca City's median square footage for active listings during the 2024-11-01 period was 1,650 sqft. One year prior, the average listing was 1,552 sqft.