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 27 USDA loans during 2023. The total origination value was $4,065,000, with an average USDA loan value of $150,556.
Texarkana USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Texarkana
averaged
6.98%
for the week of 2024-04-19, compared to the national average (all USDA variants) of
6.863% for the same period.
Texarkana's average USDA mortgage closing costs are $4,657.
The average rate for the prior week (2024-04-12) was
6.73% and
one month ago for the week of 2024-03-15, the
average rate was 6.61%.
The average rate one year ago was 6.65%.
For refis of the same type during the week of 2024-04-19, the average rate
was 6.77%.
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 | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
|---|---|---|---|
| MORTGAGE FINANCIAL SERVICES, LLC | 6 | 6.54% | $5,664 |
| SWBC MORTGAGE CORPORATION | 5 | 6.43% | $2,711 |
| GUILD MORTGAGE COMPANY | 4 | 6.44% | $7,571 |
| EVERETT FINANCIAL, INC. | 4 | 6.72% | $5,017 |
| FirstTrust Home Loans, Inc. | 1 | 6.13% | $10,543 |
| GUARANTEED RATE, INC. | 1 | 6.75% | $6,564 |
| EUSTIS AND AMERICAN MORTGAGE COMPANY | 1 | 7.50% | $6,181 |
| HIGHLANDS RESIDENTIAL MORTGAGE, LTD. | 1 | 6.63% | $3,766 |
| FIRST COMMUNITY MORTGAGE, INC. | 1 | 6.50% | $7,925 |
| Mortgage Research Center, LLC | 1 | 6.99% | $2,691 |
| State Bank of De Kalb | 1 | 6.25% | $8,394 |
| Farmers Bank & Trust Company | 1 | 5.75% | $7,108 |
The top Texarkana USDA lender as defined by loan originations is MORTGAGE FINANCIAL SERVICES, LLC, with
6 USDA loans originated. Their average total fees are
$5,664, which is $2,952
higher than the next largest lender,
SWBC MORTGAGE CORPORATION.
The lowest fee Texarkana USDA lenders (with over 10 loans originated) are
.
The lowest rate Texarkana USDA lenders (with over 10 loans originated) are
.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Texarkana (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 | $136,975 (-1.2%) | $185,893 (0.1%) | 0.51 | 473 |
| 2018-02-01 | $135,150 (-2.8%) | $186,605 (0.8%) | 0.49 | 469 |
| 2018-03-01 | $140,000 (-0.7%) | $192,447 (0.4%) | 0.49 | 466 |
| 2018-04-01 | $156,119 (4.2%) | $203,696 (5.5%) | 0.53 | 467 |
| 2018-05-01 | $159,900 (0.3%) | $210,057 (7.3%) | 0.53 | 469 |
| 2018-06-01 | $159,900 (0.2%) | $218,528 (13.4%) | 0.53 | 510 |
| 2018-07-01 | $163,500 (9.4%) | $218,514 (14.5%) | 0.55 | 547 |
| 2018-08-01 | $169,700 (19.1%) | $219,864 (18.9%) | 0.57 | 548 |
| 2018-09-01 | $166,125 (14.6%) | $217,886 (17.1%) | 0.56 | 529 |
| 2018-10-01 | $157,450 (9.3%) | $209,776 (13.8%) | 0.53 | 546 |
| 2018-11-01 | $157,500 (12.6%) | $212,487 (16.4%) | 0.53 | 554 |
| 2018-12-01 | $155,900 (12.2%) | $216,601 (17.9%) | 0.54 | 522 |
| 2019-01-01 | $155,250 (13.3%) | $213,251 (14.7%) | 0.54 | 500 |
| 2019-02-01 | $159,950 (18.4%) | $211,934 (13.6%) | 0.54 | 495 |
| 2019-03-01 | $166,957 (19.3%) | $216,118 (12.3%) | 0.55 | 487 |
| 2019-04-01 | $174,200 (11.6%) | $224,185 (10.1%) | 0.55 | 486 |
| 2019-05-01 | $171,600 (7.3%) | $217,176 (3.4%) | 0.54 | 472 |
| 2019-06-01 | $165,450 (3.5%) | $212,968 (-2.5%) | 0.52 | 498 |
| 2019-07-01 | $167,750 (2.6%) | $212,875 (-2.6%) | 0.53 | 493 |
| 2019-08-01 | $166,064 (-2.1%) | $213,203 (-3.0%) | 0.53 | 478 |
| 2019-09-01 | $161,659 (-2.7%) | $210,771 (-3.3%) | 0.52 | 481 |
| 2019-10-01 | $159,556 (1.3%) | $209,150 (-0.3%) | 0.51 | 481 |
| 2019-11-01 | $159,900 (1.5%) | $207,186 (-2.5%) | 0.52 | 464 |
| 2019-12-01 | $161,175 (3.4%) | $207,224 (-4.3%) | 0.54 | 421 |
| 2020-01-01 | $159,450 (2.7%) | $209,008 (-2.0%) | 0.53 | 370 |
| 2020-02-01 | $163,000 (1.9%) | $214,846 (1.4%) | 0.53 | 361 |
| 2020-03-01 | $157,950 (-5.4%) | $205,903 (-4.7%) | 0.50 | 366 |
| 2020-04-01 | $166,375 (-4.5%) | $213,144 (-4.9%) | 0.52 | 346 |
| 2020-05-01 | $179,450 (4.6%) | $224,877 (3.6%) | 0.55 | 304 |
| 2020-06-01 | $188,425 (13.9%) | $233,975 (9.9%) | 0.56 | 293 |
| 2020-07-01 | $197,824 (17.9%) | $242,080 (13.7%) | 0.57 | 280 |
| 2020-08-01 | $185,000 (11.4%) | $234,150 (9.8%) | 0.53 | 258 |
| 2020-09-01 | $184,850 (14.4%) | $240,405 (14.1%) | 0.53 | 234 |
| 2020-10-01 | $189,000 (18.5%) | $240,177 (14.8%) | 0.54 | 236 |
| 2020-11-01 | $185,000 (15.7%) | $238,842 (15.3%) | 0.54 | 235 |
| 2020-12-01 | $187,125 (16.1%) | $247,094 (19.2%) | 0.56 | 202 |
| 2021-01-01 | $184,900 (16.0%) | $253,718 (21.4%) | 0.55 | 182 |
| 2021-02-01 | $191,075 (17.2%) | $254,469 (18.4%) | 0.56 | 170 |
| 2021-03-01 | $195,350 (23.7%) | $259,122 (25.9%) | 0.55 | 161 |
| 2021-04-01 | $193,875 (16.5%) | $363,138 (70.4%) | 0.52 | 136 |
| 2021-05-01 | $199,900 (11.4%) | $372,681 (65.7%) | 0.53 | 134 |
| 2021-06-01 | $180,950 (-4.0%) | $344,953 (47.4%) | 0.48 | 142 |
| 2021-07-01 | $179,700 (-9.2%) | $322,468 (33.2%) | 0.47 | 168 |
| 2021-08-01 | $170,225 (-8.0%) | $306,602 (30.9%) | 0.45 | 188 |
| 2021-09-01 | $174,000 (-5.9%) | $292,226 (21.6%) | 0.46 | 197 |
| 2021-10-01 | $178,000 (-5.8%) | $294,760 (22.7%) | 0.47 | 213 |
| 2021-11-01 | $178,750 (-3.4%) | $297,029 (24.4%) | 0.48 | 226 |
| 2021-12-01 | $179,950 (-3.8%) | $295,872 (19.7%) | 0.49 | 229 |
| 2022-01-01 | $195,000 (5.5%) | $318,221 (25.4%) | 0.53 | 186 |
| 2022-02-01 | $223,250 (16.8%) | $334,202 (31.3%) | 0.58 | 178 |
| 2022-03-01 | $246,500 (26.2%) | $316,835 (22.3%) | 0.62 | 164 |
| 2022-04-01 | $272,500 (40.6%) | $353,032 (-2.8%) | 0.65 | 160 |
| 2022-05-01 | $258,500 (29.3%) | $340,701 (-8.6%) | 0.59 | 208 |
| 2022-06-01 | $239,800 (32.5%) | $322,975 (-6.4%) | 0.53 | 228 |
| 2022-07-01 | $237,000 (31.9%) | $308,644 (-4.3%) | 0.53 | 271 |
| 2022-08-01 | $225,975 (32.8%) | $295,166 (-3.7%) | 0.52 | 276 |
| 2022-09-01 | $223,625 (28.5%) | $281,971 (-3.5%) | 0.52 | 285 |
| 2022-10-01 | $213,450 (19.9%) | $273,162 (-7.3%) | 0.50 | 293 |
| 2022-11-01 | $199,700 (11.7%) | $264,871 (-10.8%) | 0.48 | 321 |
| 2022-12-01 | $199,000 (10.6%) | $263,046 (-11.1%) | 0.49 | 315 |
| 2023-01-01 | $207,225 (6.3%) | $266,335 (-16.3%) | 0.51 | 297 |
| 2023-02-01 | $223,450 (0.1%) | $277,803 (-16.9%) | 0.54 | 268 |
| 2023-03-01 | $233,950 (-5.1%) | $291,280 (-8.1%) | 0.55 | 267 |
| 2023-04-01 | $245,000 (-10.1%) | $302,957 (-14.2%) | 0.57 | 280 |
| 2023-05-01 | $279,000 (7.9%) | $318,928 (-6.4%) | 0.63 | 272 |
| 2023-06-01 | $259,950 (8.4%) | $314,937 (-2.5%) | 0.58 | 294 |
| 2023-07-01 | $245,000 (3.4%) | $305,294 (-1.1%) | 0.56 | 314 |
| 2023-08-01 | $249,900 (10.6%) | $316,550 (7.2%) | 0.57 | 353 |
| 2023-09-01 | $235,000 (5.1%) | $302,236 (7.2%) | 0.55 | 359 |
| 2023-10-01 | $239,450 (12.2%) | $295,558 (8.2%) | 0.56 | 380 |
| 2023-11-01 | $248,625 (24.5%) | $309,937 (17.0%) | 0.59 | 362 |
| 2023-12-01 | $252,000 (26.6%) | $302,921 (15.2%) | 0.61 | 371 |
| 2024-01-01 | $253,000 (22.1%) | $306,973 (15.3%) | 0.62 | 356 |
| 2024-02-01 | $241,350 (8.0%) | $288,187 (3.7%) | 0.58 | 363 |
| 2024-03-01 | $234,500 (0.2%) | $283,358 (-2.7%) | 0.55 | 391 |
Texarkana's median listing price comes in at 55% of the national average.
Texarkana's average listing price for 2024-03-01 was $283,358, a difference of $-7,922 (-2.7%) versus the prior year and $-4,829 versus the prior month.
For the 2024-03-01 period, Texarkana had 391 MLS listings, a difference of 28 listings (8%) versus the prior month and 124 listings (46%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Texarkana (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 108 days | 1,792 sqft |
| 2018-02-01 | 109 days | 1,801 sqft |
| 2018-03-01 | 105 days | 1,821 sqft |
| 2018-04-01 | 75 days | 1,902 sqft |
| 2018-05-01 | 73 days | 1,930 sqft |
| 2018-06-01 | 68 days | 1,954 sqft |
| 2018-07-01 | 65 days | 1,949 sqft |
| 2018-08-01 | 68 days | 1,987 sqft |
| 2018-09-01 | 78 days | 1,974 sqft |
| 2018-10-01 | 80 days | 1,947 sqft |
| 2018-11-01 | 79 days | 1,957 sqft |
| 2018-12-01 | 89 days | 1,970 sqft |
| 2019-01-01 | 103 days | 1,969 sqft |
| 2019-02-01 | 108 days | 1,948 sqft |
| 2019-03-01 | 99 days | 1,962 sqft |
| 2019-04-01 | 83 days | 1,993 sqft |
| 2019-05-01 | 75 days | 2,000 sqft |
| 2019-06-01 | 73 days | 1,981 sqft |
| 2019-07-01 | 77 days | 1,990 sqft |
| 2019-08-01 | 73 days | 2,005 sqft |
| 2019-09-01 | 73 days | 1,957 sqft |
| 2019-10-01 | 73 days | 1,920 sqft |
| 2019-11-01 | 86 days | 1,920 sqft |
| 2019-12-01 | 95 days | 1,952 sqft |
| 2020-01-01 | 106 days | 1,961 sqft |
| 2020-02-01 | 100 days | 1,955 sqft |
| 2020-03-01 | 77 days | 1,880 sqft |
| 2020-04-01 | 75 days | 1,928 sqft |
| 2020-05-01 | 87 days | 1,997 sqft |
| 2020-06-01 | 87 days | 2,030 sqft |
| 2020-07-01 | 71 days | 2,070 sqft |
| 2020-08-01 | 66 days | 2,043 sqft |
| 2020-09-01 | 71 days | 2,124 sqft |
| 2020-10-01 | 73 days | 2,088 sqft |
| 2020-11-01 | 54 days | 1,982 sqft |
| 2020-12-01 | 67 days | 2,032 sqft |
| 2021-01-01 | 76 days | 2,038 sqft |
| 2021-02-01 | 86 days | 2,112 sqft |
| 2021-03-01 | 64 days | 2,127 sqft |
| 2021-04-01 | 52 days | 2,024 sqft |
| 2021-05-01 | 30 days | 1,920 sqft |
| 2021-06-01 | 33 days | 1,849 sqft |
| 2021-07-01 | 33 days | 1,796 sqft |
| 2021-08-01 | 44 days | 1,775 sqft |
| 2021-09-01 | 45 days | 1,797 sqft |
| 2021-10-01 | 49 days | 1,877 sqft |
| 2021-11-01 | 53 days | 1,836 sqft |
| 2021-12-01 | 55 days | 1,848 sqft |
| 2022-01-01 | 61 days | 1,894 sqft |
| 2022-02-01 | 68 days | 1,905 sqft |
| 2022-03-01 | 57 days | 2,002 sqft |
| 2022-04-01 | 36 days | 2,133 sqft |
| 2022-05-01 | 33 days | 2,053 sqft |
| 2022-06-01 | 35 days | 1,983 sqft |
| 2022-07-01 | 41 days | 1,944 sqft |
| 2022-08-01 | 48 days | 1,907 sqft |
| 2022-09-01 | 65 days | 1,890 sqft |
| 2022-10-01 | 67 days | 1,913 sqft |
| 2022-11-01 | 68 days | 1,877 sqft |
| 2022-12-01 | 80 days | 1,871 sqft |
| 2023-01-01 | 86 days | 1,841 sqft |
| 2023-02-01 | 88 days | 1,883 sqft |
| 2023-03-01 | 70 days | 1,950 sqft |
| 2023-04-01 | 61 days | 2,016 sqft |
| 2023-05-01 | 60 days | 2,073 sqft |
| 2023-06-01 | 47 days | 2,016 sqft |
| 2023-07-01 | 48 days | 1,946 sqft |
| 2023-08-01 | 56 days | 1,942 sqft |
| 2023-09-01 | 59 days | 1,913 sqft |
| 2023-10-01 | 63 days | 1,906 sqft |
| 2023-11-01 | 73 days | 1,920 sqft |
| 2023-12-01 | 80 days | 1,925 sqft |
| 2024-01-01 | 89 days | 1,914 sqft |
| 2024-02-01 | 81 days | 1,840 sqft |
| 2024-03-01 | 67 days | 1,807 sqft |
Texarkana's median square footage for active listings during the 2024-03-01 period was 1,807 sqft. One year prior, the average listing was 1,950 sqft.