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%.
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 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 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.
