Texarkana USDA Loan Rates, Closing Costs & Stats

TEXARKANA, TX-AR

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.

Texarkana's 12 lenders originated 37 USDA loans during 2024. The total origination value was $6,205,000, with an average USDA loan value of $167,703.

Texarkana USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Texarkana averaged 0.1% for the week of 2025-06-20, compared to the national average (all USDA variants) of 0% for the same period.

Texarkana's average USDA mortgage closing costs are $4,768.

The average rate for the prior week (2025-06-13) was 7% and one month ago for the week of 2025-05-16, the average rate was 6.76%.

The average rate one year ago was 6.78%.

For refis of the same type during the week of 2025-06-20, the average rate was -0.34%.

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

Texarkana 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 Texarkana level.

Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
MORTGAGE FINANCIAL SERVICES, LLC 9 6.58% $8,008
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 8 6.46% $5,436
GUILD MORTGAGE COMPANY 5 6.65% $6,565
SWBC MORTGAGE CORPORATION 5 6.65% $2,008
FIRST COMMUNITY MORTGAGE, INC. 2 6.38% $5,490
AMERICAN FINANCIAL RESOURCES, INC. 1 6.00% $12,016
NEWREZ LLC 1 6.75% $5,014
Guaranty Bank & Trust, N.A. 1 6.25% $6,970
Equity Prime Mortgage LLC 1 7.00% $6,792
EUSTIS AND AMERICAN MORTGAGE COMPANY 1 6.88% $6,401
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 6.75% $4,808
Gateway First Bank 1 8.25% $5,327

The top Texarkana USDA lender as defined by loan originations is MORTGAGE FINANCIAL SERVICES, LLC, with 9 USDA loans originated. Their average total fees are $8,008, which is $2,572 higher than the next largest lender, HIGHLANDS RESIDENTIAL MORTGAGE, LTD..

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

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