Texarkana USDA Loans

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 19 lenders originated 78 USDA loans during 2021. The total origination value was $12,360,000, with an average USDA loan value of $158,462.

Texarkana USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Texarkana averaged 5.17% for the week of 2022-05-13, compared to the national average (all USDA variants) of 5.294% for the same period.

The average rate for the prior week (2022-05-06) was 5.5% and one month ago for the week of 2022-04-08, the average rate was 5.06%.

The average rate one year ago was 3.38%.

For refis of the same type during the week of 2022-05-13, the average rate was 4.86%.

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 and rates for USDA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Texarkana level.

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
MORTGAGE FINANCIAL SERVICES, LLC 30 2.86% $5,500
Farmers Bank & Trust Company 8 2.69% $4,846
SWBC MORTGAGE CORPORATION 8 3.02% $2,629
State Bank of De Kalb 7 2.80% $5,186
GUILD MORTGAGE COMPANY 5 3.48% $5,994
EVERETT FINANCIAL, INC. 3 3.38% $3,963
PRIMARY RESIDENTIAL MORTGAGE, INC. 2 3.63% $6,719
BancorpSouth Bank 2 3.00% $3,571
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 2 2.75% $5,047
HOME POINT FINANCIAL CORPORATION 2 2.88% $3,866
Waterstone Mortgage Corporation 1 2.75% $5,539
Bank of England 1 2.75% $5,328
First Guaranty Mortgage Corporation 1 3.13% $3,561
Guaranty Bank & Trust, N.A. 1 2.75% $5,994
LEADERONE FINANCIAL CORPORATION 1 3.25% $5,713
OCEANSIDE MORTGAGE COMPANY 1 3.13% $1,396
Regions Bank 1 3.63% $2,857
Renasant Bank 1 2.99% $5,173
AMCAP MORTGAGE, LTD. 1 4.25% $5,783

The top Texarkana USDA lender as defined by loan originations is MORTGAGE FINANCIAL SERVICES, LLC, with 30 USDA loans originated. Their average total fees are $5,500, which is $654 higher than the next largest lender, Farmers Bank & Trust Company.

The lowest fee Texarkana USDA lenders (with over 10 loans originated) are MORTGAGE FINANCIAL SERVICES, LLC ($5,500), .

The lowest rate Texarkana USDA lenders (with over 10 loans originated) are MORTGAGE FINANCIAL SERVICES, LLC (2.86%), .


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 $133,900 (-3.5%) $180,606 (-3.1%) 0.49 522
2018-02-01 $133,450 (-4.0%) $182,334 (-1.9%) 0.48 522
2018-03-01 $140,000 (-0.7%) $189,748 (-1.6%) 0.48 523
2018-04-01 $152,337 (2.2%) $199,574 (3.2%) 0.51 520
2018-05-01 $158,450 (0.3%) $205,287 (3.9%) 0.53 513
2018-06-01 $159,900 (0.6%) $215,307 (11.4%) 0.53 555
2018-07-01 $159,900 (7.3%) $213,001 (11.7%) 0.53 608
2018-08-01 $161,700 (14.7%) $213,195 (16.3%) 0.54 619
2018-09-01 $165,000 (15.8%) $212,598 (15.8%) 0.55 598
2018-10-01 $155,000 (10.8%) $207,982 (15.2%) 0.52 632
2018-11-01 $157,500 (15.0%) $212,512 (18.9%) 0.53 633
2018-12-01 $155,000 (14.9%) $212,408 (17.8%) 0.53 601
2019-01-01 $153,400 (14.6%) $209,826 (16.2%) 0.53 578
2019-02-01 $157,500 (18.0%) $212,336 (16.5%) 0.53 595
2019-03-01 $166,386 (18.9%) $217,919 (14.9%) 0.54 599
2019-04-01 $174,900 (14.8%) $226,729 (13.6%) 0.55 600
2019-05-01 $175,000 (10.4%) $224,190 (9.2%) 0.54 583
2019-06-01 $169,900 (6.3%) $220,041 (2.2%) 0.52 599
2019-07-01 $169,900 (6.3%) $219,124 (2.9%) 0.53 604
2019-08-01 $168,657 (4.3%) $219,798 (3.1%) 0.53 593
2019-09-01 $166,000 (0.6%) $217,837 (2.5%) 0.53 588
2019-10-01 $159,900 (3.2%) $211,101 (1.5%) 0.51 604
2019-11-01 $159,500 (1.3%) $210,290 (-1.1%) 0.51 586
2019-12-01 $159,900 (3.2%) $208,734 (-1.7%) 0.53 535
2020-01-01 $162,400 (5.9%) $211,081 (0.6%) 0.54 480
2020-02-01 $164,900 (4.7%) $215,252 (1.4%) 0.53 454
2020-03-01 $159,400 (-4.2%) $209,044 (-4.1%) 0.50 453
2020-04-01 $161,500 (-7.7%) $215,343 (-5.0%) 0.50 429
2020-05-01 $179,900 (2.8%) $230,365 (2.8%) 0.55 365
2020-06-01 $193,449 (13.9%) $241,849 (9.9%) 0.56 375
2020-07-01 $204,900 (20.6%) $253,176 (15.5%) 0.59 356
2020-08-01 $189,900 (12.6%) $247,551 (12.6%) 0.54 325
2020-09-01 $193,200 (16.4%) $259,237 (19.0%) 0.55 295
2020-10-01 $195,000 (22.0%) $256,763 (21.6%) 0.56 282
2020-11-01 $190,000 (19.1%) $250,492 (19.1%) 0.54 286
2020-12-01 $190,000 (18.8%) $266,349 (27.6%) 0.56 254
2021-01-01 $189,900 (16.9%) $270,693 (28.2%) 0.56 228
2021-02-01 $196,000 (18.9%) $270,466 (25.7%) 0.56 212
2021-03-01 $199,500 (25.2%) $279,087 (33.5%) 0.56 196
2021-04-01 $231,950 (43.6%) $367,794 (70.8%) 0.62 165
2021-05-01 $220,000 (22.3%) $380,057 (65.0%) 0.58 146
2021-06-01 $184,450 (-4.7%) $358,739 (48.3%) 0.48 149
2021-07-01 $182,500 (-10.9%) $333,702 (31.8%) 0.47 170
2021-08-01 $172,450 (-9.2%) $312,960 (26.4%) 0.45 195
2021-09-01 $173,000 (-10.5%) $296,734 (14.5%) 0.46 212
2021-10-01 $179,500 (-8.0%) $296,328 (15.4%) 0.47 229
2021-11-01 $179,700 (-5.4%) $298,538 (19.2%) 0.47 240
2021-12-01 $179,950 (-5.3%) $292,984 (10.0%) 0.48 247
2022-01-01 $189,900 (0.0%) $309,788 (14.4%) 0.51 207
2022-02-01 $211,950 (8.1%) $330,339 (22.1%) 0.54 191
2022-03-01 $231,500 (16.0%) $320,166 (14.7%) 0.57 182
2022-04-01 $279,900 (20.7%) $347,565 (-5.5%) 0.66 166
Texarkana's median listing price for 2022-04-01 was $279,900, a difference of $47,950 (20.7%) versus the prior year and $48,400 versus the prior month.

Texarkana's median listing price comes in at 66% of the national average.

Texarkana's average listing price for 2022-04-01 was $347,565, a difference of $-20,229 (-5.5%) versus the prior year and $27,399 versus the prior month.

For the 2022-04-01 period, Texarkana had 166 MLS listings, a difference of -16 listings (-9%) versus the prior month and 1 listings (1%) 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
2018-01-01 112 days 1,796 sqft
2018-02-01 112 days 1,801 sqft
2018-03-01 110 days 1,855 sqft
2018-04-01 81 days 1,912 sqft
2018-05-01 78 days 1,931 sqft
2018-06-01 71 days 1,978 sqft
2018-07-01 69 days 1,955 sqft
2018-08-01 72 days 1,988 sqft
2018-09-01 80 days 1,998 sqft
2018-10-01 82 days 1,948 sqft
2018-11-01 82 days 1,954 sqft
2018-12-01 92 days 1,959 sqft
2019-01-01 103 days 1,953 sqft
2019-02-01 113 days 1,956 sqft
2019-03-01 95 days 1,971 sqft
2019-04-01 83 days 2,003 sqft
2019-05-01 80 days 2,028 sqft
2019-06-01 77 days 2,004 sqft
2019-07-01 79 days 2,043 sqft
2019-08-01 77 days 2,064 sqft
2019-09-01 75 days 1,992 sqft
2019-10-01 75 days 1,916 sqft
2019-11-01 84 days 1,920 sqft
2019-12-01 98 days 1,958 sqft
2020-01-01 109 days 1,970 sqft
2020-02-01 105 days 1,966 sqft
2020-03-01 92 days 1,920 sqft
2020-04-01 83 days 1,931 sqft
2020-05-01 95 days 2,025 sqft
2020-06-01 85 days 2,041 sqft
2020-07-01 57 days 2,087 sqft
2020-08-01 64 days 2,025 sqft
2020-09-01 71 days 2,149 sqft
2020-10-01 71 days 2,090 sqft
2020-11-01 55 days 2,019 sqft
2020-12-01 62 days 2,077 sqft
2021-01-01 73 days 2,128 sqft
2021-02-01 78 days 2,183 sqft
2021-03-01 78 days 2,198 sqft
2021-04-01 75 days 2,151 sqft
2021-05-01 37 days 2,019 sqft
2021-06-01 35 days 1,886 sqft
2021-07-01 39 days 1,848 sqft
2021-08-01 39 days 1,814 sqft
2021-09-01 44 days 1,799 sqft
2021-10-01 44 days 1,888 sqft
2021-11-01 54 days 1,851 sqft
2021-12-01 56 days 1,841 sqft
2022-01-01 63 days 1,863 sqft
2022-02-01 69 days 1,875 sqft
2022-03-01 60 days 1,960 sqft
2022-04-01 36 days 2,161 sqft
Texarkana's median listing age (time on market) for 2022-04-01 was 36 days. This is -52% shorter than the same period one year ago.

Texarkana's median square footage for active listings during the 2022-04-01 period was 2,161 sqft. One year prior, the average listing was 2,151 sqft.