Shawnee USDA Loan Rates, Closing Costs & Stats

Shawnee, 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.

    Shawnee's 16 lenders originated 38 USDA loans during 2023. The total origination value was $5,770,000, with an average USDA loan value of $151,842.

    Shawnee USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Shawnee averaged 7.01% for the week of 2024-04-19, compared to the national average (all USDA variants) of 6.863% for the same period.

    Shawnee's average USDA mortgage closing costs are $4,551.

    The average rate for the prior week (2024-04-12) was 6.86% and one month ago for the week of 2024-03-15, the average rate was 6.54%.

    The average rate one year ago was 6.28%.

    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.

    Shawnee 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 Shawnee level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    First United Bank and Trust Company 11 7.06% $6,076
    First National Bank and Trust Company 4 6.63% $5,235
    BancFirst 3 6.83% $4,798
    CORNERSTONE HOME LENDING, INC. 2 6.44% $7,159
    FirstTrust Home Loans, Inc. 1 7.25% $5,952
    Flagstar Bank, FSB 1 6.75% $9,508
    FLAT BRANCH MORTGAGE, INC. 1 7.13% $4,835
    Gateway First Bank 1 7.25% $7,833
    MORTGAGE SOLUTIONS OF COLORADO, LLC 1 7.75% $4,859
    Plains Commerce Bank 1 6.25% $3,857
    PLAZA HOME MORTGAGE, INC. 1 5.75% $7,561
    Stride Bank 1 6.00% $6,721
    UNITED WHOLESALE MORTGAGE, LLC 1 5.40% $7,506
    Bank of England 1 6.25% $9,010
    Chickasaw Community Bank 1 6.88% $3,345
    First Savings Bank 1 7.25% $4,091

    The top Shawnee USDA lender as defined by loan originations is First United Bank and Trust Company, with 11 USDA loans originated. Their average total fees are $6,076, which is $841 higher than the next largest lender, First National Bank and Trust Company.

    The lowest fee Shawnee USDA lenders (with over 10 loans originated) are First United Bank and Trust Company ($6,076), .

    The lowest rate Shawnee USDA lenders (with over 10 loans originated) are First United Bank and Trust Company (7.06%), .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Shawnee (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 $144,225 (2.3%) $162,693 (-7.1%) 0.00 259
    2018-02-01 $147,450 (2.6%) $167,016 (-4.6%) 0.00 250
    2018-03-01 $155,500 (10.8%) $173,593 (-2.0%) 0.00 244
    2018-04-01 $156,200 (12.0%) $175,886 (5.7%) 0.00 263
    2018-05-01 $156,450 (15.7%) $177,449 (10.1%) 0.00 273
    2018-06-01 $155,000 (13.4%) $181,589 (11.2%) 0.00 280
    2018-07-01 $152,225 (9.0%) $178,544 (7.3%) 0.00 302
    2018-08-01 $139,900 (-3.5%) $170,766 (2.4%) 0.00 306
    2018-09-01 $149,700 (0.1%) $182,670 (8.8%) 0.00 295
    2018-10-01 $159,625 (6.7%) $183,319 (10.5%) 0.00 297
    2018-11-01 $151,100 (0.8%) $178,337 (7.6%) 0.00 283
    2018-12-01 $140,000 (-6.3%) $179,151 (8.6%) 0.00 286
    2019-01-01 $140,050 (-2.9%) $178,974 (10.0%) 0.00 265
    2019-02-01 $148,250 (0.5%) $186,696 (11.8%) 0.00 241
    2019-03-01 $149,429 (-3.9%) $188,262 (8.5%) 0.00 223
    2019-04-01 $150,000 (-4.0%) $189,716 (7.9%) 0.00 198
    2019-05-01 $167,050 (6.8%) $186,655 (5.2%) 0.00 185
    2019-06-01 $169,900 (9.6%) $190,335 (4.8%) 0.00 173
    2019-07-01 $170,425 (12.0%) $195,605 (9.6%) 0.00 185
    2019-08-01 $174,655 (24.8%) $204,499 (19.8%) 0.00 182
    2019-09-01 $174,961 (16.9%) $210,929 (15.5%) 0.00 172
    2019-10-01 $175,166 (9.7%) $216,570 (18.1%) 0.00 163
    2019-11-01 $179,500 (18.8%) $218,677 (22.6%) 0.00 174
    2019-12-01 $183,750 (31.3%) $213,600 (19.2%) 0.00 170
    2020-01-01 $178,950 (27.8%) $206,235 (15.2%) 0.00 165
    2020-02-01 $170,000 (14.7%) $200,647 (7.5%) 0.00 167
    2020-03-01 $180,000 (20.5%) $215,351 (14.4%) 0.00 166
    2020-04-01 $183,125 (22.1%) $211,606 (11.5%) 0.00 156
    2020-05-01 $182,450 (9.2%) $216,266 (15.9%) 0.00 132
    2020-06-01 $196,750 (15.8%) $232,544 (22.2%) 0.00 120
    2020-07-01 $201,975 (18.5%) $246,989 (26.3%) 0.00 127
    2020-08-01 $192,101 (10.0%) $221,933 (8.5%) 0.00 123
    2020-09-01 $190,179 (8.7%) $219,808 (4.2%) 0.00 112
    2020-10-01 $198,905 (13.6%) $242,881 (12.2%) 0.00 101
    2020-11-01 $199,203 (11.0%) $259,505 (18.7%) 0.00 97
    2020-12-01 $184,536 (0.4%) $251,723 (17.9%) 0.00 97
    2021-01-01 $207,553 (16.0%) $290,315 (40.8%) 0.00 73
    2021-02-01 $226,226 (33.1%) $309,575 (54.3%) 0.00 56
    2021-03-01 $208,684 (15.9%) $278,243 (29.2%) 0.00 71
    2021-04-01 $221,176 (20.8%) $276,965 (30.9%) 0.00 77
    2021-05-01 $222,213 (21.8%) $281,262 (30.1%) 0.00 81
    2021-06-01 $223,556 (13.6%) $287,013 (23.4%) 0.00 90
    2021-07-01 $214,525 (6.2%) $279,257 (13.1%) 0.00 110
    2021-08-01 $221,831 (15.5%) $274,649 (23.8%) 0.00 146
    2021-09-01 $230,101 (21.0%) $326,208 (48.4%) 0.00 128
    2021-10-01 $222,408 (11.8%) $348,030 (43.3%) 0.00 144
    2021-11-01 $223,230 (12.1%) $340,621 (31.3%) 0.00 151
    2021-12-01 $221,900 (20.3%) $306,588 (21.8%) 0.00 142
    2022-01-01 $215,200 (3.7%) $278,437 (-4.1%) 0.00 99
    2022-02-01 $191,925 (-15.2%) $271,450 (-12.3%) 0.00 84
    2022-03-01 $224,204 (7.4%) $280,677 (0.9%) 0.00 85
    2022-04-01 $252,301 (14.1%) $295,082 (6.5%) 0.00 94
    2022-05-01 $261,908 (17.9%) $286,050 (1.7%) 0.00 99
    2022-06-01 $249,354 (11.5%) $267,081 (-6.9%) 0.00 118
    2022-07-01 $218,490 (1.9%) $252,383 (-9.6%) 0.00 148
    2022-08-01 $214,945 (-3.1%) $266,060 (-3.1%) 0.00 149
    2022-09-01 $246,500 (7.1%) $287,057 (-12.0%) 0.00 149
    2022-10-01 $222,450 (0.0%) $276,283 (-20.6%) 0.00 156
    2022-11-01 $226,748 (1.6%) $260,145 (-23.6%) 0.00 175
    2022-12-01 $219,490 (-1.1%) $250,819 (-18.2%) 0.00 180
    2023-01-01 $229,975 (6.9%) $264,779 (-4.9%) 0.00 162
    2023-02-01 $250,506 (30.5%) $285,757 (5.3%) 0.00 141
    2023-03-01 $249,226 (11.2%) $287,256 (2.3%) 0.00 143
    2023-04-01 $247,600 (-1.9%) $294,153 (-0.3%) 0.00 142
    2023-05-01 $258,231 (-1.4%) $319,263 (11.6%) 0.00 141
    2023-06-01 $272,931 (9.5%) $345,882 (29.5%) 0.00 152
    2023-07-01 $250,000 (14.4%) $331,511 (31.4%) 0.00 166
    2023-08-01 $250,000 (16.3%) $325,128 (22.2%) 0.00 191
    2023-09-01 $250,000 (1.4%) $313,545 (9.2%) 0.00 202
    2023-10-01 $247,247 (11.2%) $306,493 (10.9%) 0.00 206
    2023-11-01 $241,109 (6.3%) $297,990 (14.6%) 0.00 228
    2023-12-01 $238,121 (8.5%) $285,968 (14.0%) 0.00 247
    2024-01-01 $234,025 (1.8%) $289,617 (9.4%) 0.00 236
    2024-02-01 $227,243 (-9.3%) $284,667 (-0.4%) 0.00 233
    2024-03-01 $229,900 (-7.8%) $296,669 (3.3%) 0.00 209
    Shawnee's median listing price for 2024-03-01 was $229,900, a difference of $-19,326 (-7.8%) versus the prior year and $2,657 versus the prior month.

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

    Shawnee's average listing price for 2024-03-01 was $296,669, a difference of $9,413 (3.3%) versus the prior year and $12,002 versus the prior month.

    For the 2024-03-01 period, Shawnee had 209 MLS listings, a difference of -24 listings (-10%) versus the prior month and 66 listings (46%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Shawnee (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,705 sqft
    2018-02-01 0 days 1,700 sqft
    2018-03-01 0 days 1,726 sqft
    2018-04-01 0 days 1,760 sqft
    2018-05-01 0 days 1,743 sqft
    2018-06-01 0 days 1,731 sqft
    2018-07-01 0 days 1,701 sqft
    2018-08-01 0 days 1,698 sqft
    2018-09-01 0 days 1,735 sqft
    2018-10-01 0 days 1,731 sqft
    2018-11-01 0 days 1,722 sqft
    2018-12-01 0 days 1,714 sqft
    2019-01-01 0 days 1,702 sqft
    2019-02-01 0 days 1,724 sqft
    2019-03-01 0 days 1,723 sqft
    2019-04-01 0 days 1,717 sqft
    2019-05-01 0 days 1,719 sqft
    2019-06-01 0 days 1,734 sqft
    2019-07-01 0 days 1,745 sqft
    2019-08-01 0 days 1,773 sqft
    2019-09-01 0 days 1,832 sqft
    2019-10-01 0 days 1,879 sqft
    2019-11-01 0 days 1,926 sqft
    2019-12-01 0 days 1,944 sqft
    2020-01-01 0 days 1,938 sqft
    2020-02-01 0 days 1,898 sqft
    2020-03-01 0 days 1,865 sqft
    2020-04-01 0 days 1,865 sqft
    2020-05-01 0 days 1,826 sqft
    2020-06-01 0 days 1,877 sqft
    2020-07-01 0 days 1,867 sqft
    2020-08-01 0 days 1,848 sqft
    2020-09-01 0 days 1,857 sqft
    2020-10-01 0 days 1,851 sqft
    2020-11-01 0 days 1,903 sqft
    2020-12-01 0 days 1,877 sqft
    2021-01-01 0 days 2,035 sqft
    2021-02-01 0 days 1,963 sqft
    2021-03-01 0 days 1,803 sqft
    2021-04-01 0 days 1,759 sqft
    2021-05-01 0 days 1,647 sqft
    2021-06-01 0 days 1,663 sqft
    2021-07-01 0 days 1,735 sqft
    2021-08-01 0 days 1,725 sqft
    2021-09-01 0 days 1,699 sqft
    2021-10-01 0 days 1,713 sqft
    2021-11-01 0 days 1,700 sqft
    2021-12-01 0 days 1,757 sqft
    2022-01-01 0 days 1,691 sqft
    2022-02-01 0 days 1,620 sqft
    2022-03-01 0 days 1,686 sqft
    2022-04-01 0 days 1,680 sqft
    2022-05-01 0 days 1,815 sqft
    2022-06-01 0 days 1,701 sqft
    2022-07-01 0 days 1,650 sqft
    2022-08-01 0 days 1,672 sqft
    2022-09-01 0 days 1,737 sqft
    2022-10-01 0 days 1,642 sqft
    2022-11-01 0 days 1,671 sqft
    2022-12-01 0 days 1,636 sqft
    2023-01-01 0 days 1,703 sqft
    2023-02-01 0 days 1,744 sqft
    2023-03-01 0 days 1,764 sqft
    2023-04-01 0 days 1,829 sqft
    2023-05-01 0 days 1,854 sqft
    2023-06-01 0 days 1,811 sqft
    2023-07-01 0 days 1,844 sqft
    2023-08-01 0 days 1,776 sqft
    2023-09-01 0 days 1,802 sqft
    2023-10-01 0 days 1,800 sqft
    2023-11-01 0 days 1,774 sqft
    2023-12-01 0 days 1,696 sqft
    2024-01-01 0 days 1,674 sqft
    2024-02-01 0 days 1,733 sqft
    2024-03-01 0 days 1,763 sqft
    Shawnee's median listing age (time on market) for 2024-03-01 was 0 days.

    Shawnee's median square footage for active listings during the 2024-03-01 period was 1,763 sqft. One year prior, the average listing was 1,764 sqft.