Texarkana USDA Loan Rates, Closing Costs & Stats

TEXARKANA, TX-AR

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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.

    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 6.42% for the week of 2024-12-13, compared to the national average (all USDA variants) of 6.303% for the same period.

    Texarkana's average USDA mortgage closing costs are $4,657.

    The average rate for the prior week (2024-12-06) was 6.46% and one month ago for the week of 2024-11-08, the average rate was 6.77%.

    The average rate one year ago was 6.94%.

    For refis of the same type during the week of 2024-12-13, the average rate was 6.01%.

    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 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
    2024-04-01 $236,750 (-3.4%) $285,526 (-5.8%) 0.55 366
    2024-05-01 $239,900 (-14.0%) $284,656 (-10.8%) 0.54 386
    2024-06-01 $245,000 (-5.8%) $287,354 (-8.8%) 0.55 426
    2024-07-01 $246,699 (0.7%) $288,084 (-5.6%) 0.56 431
    2024-08-01 $245,000 (-2.0%) $287,959 (-9.0%) 0.57 440
    2024-09-01 $237,750 (1.2%) $288,162 (-4.7%) 0.56 454
    2024-10-01 $239,950 (0.2%) $290,283 (-1.8%) 0.56 455
    2024-11-01 $236,000 (-5.1%) $288,300 (-7.0%) 0.57 476
    Texarkana's median listing price for 2024-11-01 was $236,000, a difference of $-12,625 (-5.1%) versus the prior year and $-3,950 versus the prior month.

    Texarkana's median listing price comes in at 57% of the national average.

    Texarkana's average listing price for 2024-11-01 was $288,300, a difference of $-21,637 (-7.0%) versus the prior year and $-1,983 versus the prior month.

    For the 2024-11-01 period, Texarkana had 476 MLS listings, a difference of 21 listings (5%) versus the prior month and 114 listings (31%) 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
    2024-04-01 72 days 1,849 sqft
    2024-05-01 67 days 1,879 sqft
    2024-06-01 65 days 1,923 sqft
    2024-07-01 76 days 1,920 sqft
    2024-08-01 79 days 1,895 sqft
    2024-09-01 83 days 1,902 sqft
    2024-10-01 77 days 1,901 sqft
    2024-11-01 78 days 1,900 sqft
    Texarkana's median listing age (time on market) for 2024-11-01 was 78 days. This is 7% longer than the same period one year ago.

    Texarkana's median square footage for active listings during the 2024-11-01 period was 1,900 sqft. One year prior, the average listing was 1,920 sqft.