Altoona USDA Loan Rates, Closing Costs & Stats

ALTOONA, PA

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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.

    Altoona's 10 lenders originated 17 USDA loans during 2023. The total origination value was $2,375,000, with an average USDA loan value of $139,706.

    Altoona USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Altoona averaged 0.03% for the week of 2024-11-15, compared to the national average (all USDA variants) of 0% for the same period.

    Altoona's average USDA mortgage closing costs are $5,217.

    The average rate for the prior week (2024-11-08) was 6.28% and one month ago for the week of 2024-10-11, the average rate was 5.94%.

    The average rate one year ago was 7.17%.

    For refis of the same type during the week of 2024-11-15, the average rate was 0.1%.

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

    Altoona 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 Altoona level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    UNION HOME MORTGAGE CORP. 5 6.08% $6,404
    Flagstar Bank, FSB 4 6.46% $4,889
    EQUITY RESOURCES, INC. 1 6.50% $5,975
    First National Bank of Pennsylvania 1 6.75% $6,151
    Jersey Shore State Bank 1 6.88% $6,298
    NORWICH COMMERCIAL GROUP, INC. 1 6.75% $8,442
    Paramount Residential Mortgage Group, Inc. 1 6.13% $8,250
    EMM LOANS LLC 1 6.00% $6,657
    UNITED WHOLESALE MORTGAGE, LLC 1 6.80% $5,277
    Equity Prime Mortgage LLC 1 6.50% $4,190

    The top Altoona USDA lender as defined by loan originations is UNION HOME MORTGAGE CORP., with 5 USDA loans originated. Their average total fees are $6,404, which is $1,514 higher than the next largest lender, Flagstar Bank, FSB.

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

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

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Altoona (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 $138,650 (22.8%) $200,003 (15.0%) 0.00 335
    2018-02-01 $134,975 (18.7%) $195,581 (12.4%) 0.00 329
    2018-03-01 $132,500 (4.0%) $197,976 (2.5%) 0.00 322
    2018-04-01 $139,900 (11.9%) $201,666 (3.9%) 0.00 303
    2018-05-01 $139,913 (2.2%) $186,437 (-5.3%) 0.00 338
    2018-06-01 $139,900 (0.3%) $185,821 (-9.1%) 0.00 344
    2018-07-01 $139,250 (0.9%) $182,943 (-8.8%) 0.00 361
    2018-08-01 $137,975 (2.2%) $181,137 (-10.6%) 0.00 363
    2018-09-01 $135,000 (3.5%) $181,856 (-8.7%) 0.00 358
    2018-10-01 $129,950 (0.0%) $177,815 (-5.6%) 0.00 370
    2018-11-01 $129,000 (-0.7%) $170,331 (-6.6%) 0.00 367
    2018-12-01 $125,000 (-7.3%) $170,001 (-13.3%) 0.00 336
    2019-01-01 $126,950 (-8.4%) $173,359 (-13.3%) 0.00 315
    2019-02-01 $124,950 (-7.4%) $172,263 (-11.9%) 0.00 308
    2019-03-01 $128,386 (-3.1%) $171,556 (-13.4%) 0.00 306
    2019-04-01 $135,900 (-2.9%) $175,680 (-12.9%) 0.00 310
    2019-05-01 $132,250 (-5.5%) $177,192 (-5.0%) 0.00 335
    2019-06-01 $130,000 (-7.1%) $174,813 (-5.9%) 0.00 362
    2019-07-01 $129,975 (-6.7%) $173,932 (-4.9%) 0.00 381
    2019-08-01 $133,536 (-3.2%) $177,675 (-1.9%) 0.00 386
    2019-09-01 $131,491 (-2.6%) $176,154 (-3.1%) 0.00 395
    2019-10-01 $129,900 (0.0%) $176,122 (-1.0%) 0.00 399
    2019-11-01 $125,000 (-3.1%) $178,381 (4.7%) 0.00 376
    2019-12-01 $124,800 (-0.2%) $175,637 (3.3%) 0.00 369
    2020-01-01 $124,850 (-1.7%) $176,005 (1.5%) 0.00 348
    2020-02-01 $124,900 (0.0%) $174,930 (1.6%) 0.00 322
    2020-03-01 $124,988 (-2.7%) $178,294 (3.9%) 0.00 311
    2020-04-01 $129,925 (-4.4%) $186,222 (6.0%) 0.00 298
    2020-05-01 $139,500 (5.5%) $193,335 (9.1%) 0.00 299
    2020-06-01 $137,950 (6.1%) $185,654 (6.2%) 0.00 283
    2020-07-01 $149,700 (15.2%) $192,185 (10.5%) 0.00 263
    2020-08-01 $145,000 (8.6%) $195,195 (9.9%) 0.00 259
    2020-09-01 $142,225 (8.2%) $187,876 (6.7%) 0.00 250
    2020-10-01 $143,400 (10.4%) $187,753 (6.6%) 0.00 241
    2020-11-01 $144,925 (15.9%) $188,371 (5.6%) 0.00 203
    2020-12-01 $149,000 (19.4%) $197,992 (12.7%) 0.00 182
    2021-01-01 $145,900 (16.9%) $201,852 (14.7%) 0.00 180
    2021-02-01 $143,450 (14.9%) $186,804 (6.8%) 0.00 160
    2021-03-01 $148,450 (18.8%) $188,563 (5.8%) 0.00 140
    2021-04-01 $157,325 (21.1%) $195,161 (4.8%) 0.00 128
    2021-05-01 $149,900 (7.5%) $190,886 (-1.3%) 0.00 120
    2021-06-01 $154,475 (12.0%) $195,612 (5.4%) 0.00 132
    2021-07-01 $150,000 (0.2%) $198,761 (3.4%) 0.00 148
    2021-08-01 $148,725 (2.6%) $189,136 (-3.1%) 0.00 160
    2021-09-01 $149,725 (5.3%) $186,075 (-1.0%) 0.00 164
    2021-10-01 $149,900 (4.5%) $191,407 (2.0%) 0.00 157
    2021-11-01 $151,150 (4.3%) $210,115 (11.5%) 0.00 148
    2021-12-01 $139,900 (-6.1%) $198,031 (0.0%) 0.00 140
    2022-01-01 $144,900 (-0.7%) $203,670 (0.9%) 0.00 121
    2022-02-01 $142,450 (-0.7%) $205,270 (9.9%) 0.00 113
    2022-03-01 $149,900 (1.0%) $211,307 (12.1%) 0.00 93
    2022-04-01 $149,450 (-5.0%) $216,883 (11.1%) 0.00 95
    2022-05-01 $144,450 (-3.6%) $198,000 (3.7%) 0.00 152
    2022-06-01 $146,500 (-5.2%) $188,963 (-3.4%) 0.00 166
    2022-07-01 $151,450 (1.0%) $197,442 (-0.7%) 0.00 178
    2022-08-01 $139,900 (-5.9%) $189,791 (0.4%) 0.00 168
    2022-09-01 $136,000 (-9.2%) $181,949 (-2.2%) 0.00 170
    2022-10-01 $139,900 (-6.7%) $183,506 (-4.1%) 0.00 165
    2022-11-01 $152,200 (0.7%) $186,488 (-11.2%) 0.00 160
    2022-12-01 $150,000 (7.2%) $188,659 (-4.7%) 0.00 163
    2023-01-01 $139,900 (-3.5%) $186,131 (-8.6%) 0.00 142
    2023-02-01 $139,500 (-2.1%) $177,003 (-13.8%) 0.00 147
    2023-03-01 $139,800 (-6.7%) $178,923 (-15.3%) 0.00 146
    2023-04-01 $139,700 (-6.5%) $180,783 (-16.6%) 0.00 143
    2023-05-01 $139,700 (-3.3%) $190,248 (-3.9%) 0.00 150
    2023-06-01 $135,370 (-7.6%) $195,490 (3.5%) 0.00 138
    2023-07-01 $160,000 (5.7%) $210,868 (6.8%) 0.00 149
    2023-08-01 $155,175 (10.9%) $206,996 (9.1%) 0.00 172
    2023-09-01 $139,900 (2.9%) $200,639 (10.3%) 0.00 178
    2023-10-01 $141,250 (1.0%) $199,844 (8.9%) 0.00 192
    2023-11-01 $142,125 (-6.6%) $186,770 (0.2%) 0.00 209
    2023-12-01 $136,000 (-9.3%) $182,411 (-3.3%) 0.00 200
    2024-01-01 $129,900 (-7.2%) $177,996 (-4.4%) 0.00 184
    2024-02-01 $129,950 (-6.9%) $181,864 (2.8%) 0.00 153
    2024-03-01 $144,900 (3.7%) $201,954 (12.9%) 0.00 160
    2024-04-01 $153,550 (9.9%) $202,372 (11.9%) 0.00 174
    2024-05-01 $141,250 (1.1%) $186,440 (-2.0%) 0.00 175
    2024-06-01 $140,000 (3.4%) $183,065 (-6.4%) 0.00 180
    2024-07-01 $142,250 (-11.1%) $179,385 (-14.9%) 0.00 206
    2024-08-01 $149,000 (-4.0%) $188,239 (-9.1%) 0.00 235
    2024-09-01 $146,500 (4.7%) $188,091 (-6.3%) 0.00 240
    2024-10-01 $146,500 (3.7%) $191,340 (-4.3%) 0.00 251
    Altoona's median listing price for 2024-10-01 was $146,500, a difference of $5,250 (3.7%) versus the prior year and $0 versus the prior month.

    Altoona's median listing price comes in at 0% of the national average.

    Altoona's average listing price for 2024-10-01 was $191,340, a difference of $-8,504 (-4.3%) versus the prior year and $3,249 versus the prior month.

    For the 2024-10-01 period, Altoona had 251 MLS listings, a difference of 11 listings (5%) versus the prior month and 59 listings (31%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Altoona (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,948 sqft
    2018-02-01 0 days 1,882 sqft
    2018-03-01 0 days 1,820 sqft
    2018-04-01 0 days 1,821 sqft
    2018-05-01 0 days 1,760 sqft
    2018-06-01 0 days 1,820 sqft
    2018-07-01 0 days 1,751 sqft
    2018-08-01 0 days 1,716 sqft
    2018-09-01 0 days 1,768 sqft
    2018-10-01 0 days 1,744 sqft
    2018-11-01 0 days 1,690 sqft
    2018-12-01 0 days 1,700 sqft
    2019-01-01 0 days 1,700 sqft
    2019-02-01 0 days 1,705 sqft
    2019-03-01 0 days 1,736 sqft
    2019-04-01 0 days 1,759 sqft
    2019-05-01 0 days 1,806 sqft
    2019-06-01 0 days 1,766 sqft
    2019-07-01 0 days 1,795 sqft
    2019-08-01 0 days 1,822 sqft
    2019-09-01 0 days 1,794 sqft
    2019-10-01 0 days 1,760 sqft
    2019-11-01 0 days 1,805 sqft
    2019-12-01 0 days 1,800 sqft
    2020-01-01 0 days 1,783 sqft
    2020-02-01 0 days 1,795 sqft
    2020-03-01 0 days 1,767 sqft
    2020-04-01 0 days 1,748 sqft
    2020-05-01 0 days 1,800 sqft
    2020-06-01 0 days 1,785 sqft
    2020-07-01 0 days 1,867 sqft
    2020-08-01 0 days 1,838 sqft
    2020-09-01 0 days 1,747 sqft
    2020-10-01 0 days 1,736 sqft
    2020-11-01 0 days 1,658 sqft
    2020-12-01 0 days 1,688 sqft
    2021-01-01 0 days 1,708 sqft
    2021-02-01 0 days 1,803 sqft
    2021-03-01 0 days 1,788 sqft
    2021-04-01 0 days 1,800 sqft
    2021-05-01 0 days 1,770 sqft
    2021-06-01 0 days 1,784 sqft
    2021-07-01 0 days 1,829 sqft
    2021-08-01 0 days 1,773 sqft
    2021-09-01 0 days 1,782 sqft
    2021-10-01 0 days 1,750 sqft
    2021-11-01 0 days 1,810 sqft
    2021-12-01 0 days 1,794 sqft
    2022-01-01 0 days 1,784 sqft
    2022-02-01 0 days 1,779 sqft
    2022-03-01 0 days 1,775 sqft
    2022-04-01 0 days 1,788 sqft
    2022-05-01 0 days 1,788 sqft
    2022-06-01 0 days 1,789 sqft
    2022-07-01 0 days 1,784 sqft
    2022-08-01 0 days 1,792 sqft
    2022-09-01 0 days 1,784 sqft
    2022-10-01 0 days 1,720 sqft
    2022-11-01 0 days 1,677 sqft
    2022-12-01 0 days 1,680 sqft
    2023-01-01 0 days 1,686 sqft
    2023-02-01 0 days 1,683 sqft
    2023-03-01 0 days 1,686 sqft
    2023-04-01 0 days 1,692 sqft
    2023-05-01 0 days 1,700 sqft
    2023-06-01 0 days 1,687 sqft
    2023-07-01 0 days 1,733 sqft
    2023-08-01 0 days 1,717 sqft
    2023-09-01 0 days 1,686 sqft
    2023-10-01 0 days 1,618 sqft
    2023-11-01 0 days 1,609 sqft
    2023-12-01 0 days 1,679 sqft
    2024-01-01 0 days 1,677 sqft
    2024-02-01 0 days 1,680 sqft
    2024-03-01 0 days 1,654 sqft
    2024-04-01 0 days 1,656 sqft
    2024-05-01 0 days 1,645 sqft
    2024-06-01 0 days 1,600 sqft
    2024-07-01 0 days 1,616 sqft
    2024-08-01 0 days 1,632 sqft
    2024-09-01 0 days 1,684 sqft
    2024-10-01 0 days 1,653 sqft
    Altoona's median listing age (time on market) for 2024-10-01 was 0 days.

    Altoona's median square footage for active listings during the 2024-10-01 period was 1,653 sqft. One year prior, the average listing was 1,618 sqft.