Anchorage USDA Loan Rates, Closing Costs & Stats
ANCHORAGE, AK
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.
Anchorage's 10 lenders originated 23 USDA loans during 2023. The total origination value was $6,175,000, with an average USDA loan value of $268,478.
Anchorage USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Anchorage
averaged
6.82%
for the week of 2024-04-19, compared to the national average (all USDA variants) of
6.863% for the same period.
Anchorage's average USDA mortgage closing costs are $5,276.
The average rate for the prior week (2024-04-12) was
6.27% and
one month ago for the week of 2024-03-15, the
average rate was 6.26%.
The average rate one year ago was 6.1%.
For refis of the same type during the week of 2024-04-19, the average rate
was 6.68%.
Anchorage 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 Anchorage level.
| Name | # of Loans | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
|---|---|---|---|
| MOVEMENT MORTGAGE, LLC | 6 | 6.73% | $7,522 |
| NEWREZ LLC | 3 | 6.08% | $3,721 |
| Alaska USA Federal Credit Union | 2 | 5.44% | $14,115 |
| UNITED WHOLESALE MORTGAGE, LLC | 2 | 6.12% | $10,801 |
| ACADEMY MORTGAGE CORPORATION | 1 | 5.75% | $8,283 |
| RESIDENTIAL MORTGAGE, LLC | 1 | 6.88% | $4,720 |
| GUARANTEED RATE, INC. | 1 | 5.75% | $8,165 |
| Century Mortgage Company DBA Century Lending Company | 1 | 6.63% | $6,670 |
| CORNERSTONE HOME LENDING, INC. | 1 | 5.00% | $19,833 |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | 1 | 6.75% | $4,553 |
The top Anchorage USDA lender as defined by loan originations is MOVEMENT MORTGAGE, LLC, with
6 USDA loans originated. Their average total fees are
$7,522, which is $3,801
higher than the next largest lender,
NEWREZ LLC.
The lowest fee Anchorage USDA lenders (with over 10 loans originated) are
.
The lowest rate Anchorage USDA lenders (with over 10 loans originated) are
.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Anchorage (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 | $288,500 (-3.0%) | $332,753 (-2.9%) | 1.07 | 1,508 |
| 2018-02-01 | $289,500 (-2.2%) | $335,413 (-1.8%) | 1.05 | 1,517 |
| 2018-03-01 | $299,000 (-0.2%) | $341,951 (-2.3%) | 1.05 | 1,667 |
| 2018-04-01 | $309,900 (0.0%) | $348,350 (-0.4%) | 1.05 | 1,753 |
| 2018-05-01 | $314,998 (2.6%) | $348,042 (1.0%) | 1.05 | 1,927 |
| 2018-06-01 | $309,900 (0.3%) | $340,410 (-1.0%) | 1.03 | 2,168 |
| 2018-07-01 | $303,675 (-0.8%) | $337,972 (-1.7%) | 1.01 | 2,339 |
| 2018-08-01 | $304,950 (0.8%) | $340,913 (0.5%) | 1.02 | 2,371 |
| 2018-09-01 | $307,000 (3.3%) | $339,410 (1.2%) | 1.03 | 2,263 |
| 2018-10-01 | $299,900 (1.2%) | $335,023 (-0.1%) | 1.02 | 2,056 |
| 2018-11-01 | $299,950 (3.8%) | $335,474 (1.0%) | 1.02 | 1,874 |
| 2018-12-01 | $299,900 (5.1%) | $333,251 (0.6%) | 1.03 | 1,662 |
| 2019-01-01 | $299,950 (4.0%) | $330,863 (-0.6%) | 1.04 | 1,449 |
| 2019-02-01 | $307,350 (6.2%) | $335,554 (0.0%) | 1.04 | 1,504 |
| 2019-03-01 | $317,100 (6.1%) | $343,442 (0.4%) | 1.04 | 1,558 |
| 2019-04-01 | $322,450 (4.1%) | $349,666 (0.4%) | 1.02 | 1,633 |
| 2019-05-01 | $324,950 (3.2%) | $353,521 (1.6%) | 1.02 | 1,784 |
| 2019-06-01 | $320,000 (3.3%) | $352,669 (3.6%) | 1.00 | 1,961 |
| 2019-07-01 | $319,500 (5.2%) | $351,339 (4.0%) | 1.00 | 2,068 |
| 2019-08-01 | $315,727 (3.5%) | $348,201 (2.1%) | 1.00 | 2,044 |
| 2019-09-01 | $316,443 (3.1%) | $348,627 (2.7%) | 1.01 | 1,973 |
| 2019-10-01 | $318,000 (6.0%) | $349,748 (4.4%) | 1.03 | 1,900 |
| 2019-11-01 | $317,500 (5.9%) | $350,912 (4.6%) | 1.04 | 1,694 |
| 2019-12-01 | $311,500 (3.9%) | $345,421 (3.7%) | 1.04 | 1,518 |
| 2020-01-01 | $311,625 (3.9%) | $348,195 (5.2%) | 1.04 | 1,329 |
| 2020-02-01 | $319,000 (3.8%) | $355,383 (5.9%) | 1.04 | 1,252 |
| 2020-03-01 | $319,450 (0.7%) | $357,255 (4.0%) | 1.00 | 1,231 |
| 2020-04-01 | $319,500 (-0.9%) | $355,402 (1.6%) | 1.00 | 1,296 |
| 2020-05-01 | $329,900 (1.5%) | $365,350 (3.4%) | 1.00 | 1,410 |
| 2020-06-01 | $330,000 (3.1%) | $373,587 (5.9%) | 0.97 | 1,417 |
| 2020-07-01 | $337,300 (5.6%) | $385,328 (9.7%) | 0.98 | 1,356 |
| 2020-08-01 | $334,900 (6.1%) | $386,839 (11.1%) | 0.96 | 1,342 |
| 2020-09-01 | $335,000 (5.9%) | $394,725 (13.2%) | 0.96 | 1,296 |
| 2020-10-01 | $325,000 (2.2%) | $396,163 (13.3%) | 0.93 | 1,175 |
| 2020-11-01 | $326,450 (2.8%) | $400,837 (14.2%) | 0.95 | 1,028 |
| 2020-12-01 | $328,450 (5.4%) | $404,090 (17.0%) | 0.98 | 888 |
| 2021-01-01 | $327,000 (4.9%) | $407,822 (17.1%) | 0.98 | 755 |
| 2021-02-01 | $339,500 (6.4%) | $415,237 (16.8%) | 0.99 | 694 |
| 2021-03-01 | $357,450 (11.9%) | $432,450 (21.1%) | 1.01 | 678 |
| 2021-04-01 | $359,950 (12.7%) | $432,426 (21.7%) | 0.97 | 720 |
| 2021-05-01 | $362,500 (9.9%) | $422,253 (15.6%) | 0.96 | 761 |
| 2021-06-01 | $350,000 (6.1%) | $411,228 (10.1%) | 0.92 | 870 |
| 2021-07-01 | $350,000 (3.8%) | $405,086 (5.1%) | 0.92 | 995 |
| 2021-08-01 | $357,200 (6.7%) | $412,048 (6.5%) | 0.95 | 1,050 |
| 2021-09-01 | $356,875 (6.5%) | $422,623 (7.1%) | 0.95 | 1,023 |
| 2021-10-01 | $350,000 (7.7%) | $417,721 (5.4%) | 0.93 | 907 |
| 2021-11-01 | $361,450 (10.7%) | $425,708 (6.2%) | 0.97 | 707 |
| 2021-12-01 | $374,500 (14.0%) | $433,415 (7.3%) | 1.01 | 565 |
| 2022-01-01 | $389,250 (19.0%) | $437,467 (7.3%) | 1.05 | 432 |
| 2022-02-01 | $400,750 (18.0%) | $447,649 (7.8%) | 1.04 | 369 |
| 2022-03-01 | $420,500 (17.6%) | $471,539 (9.0%) | 1.05 | 382 |
| 2022-04-01 | $425,000 (18.1%) | $468,448 (8.3%) | 1.01 | 493 |
| 2022-05-01 | $429,950 (18.6%) | $476,028 (12.7%) | 0.98 | 669 |
| 2022-06-01 | $434,975 (24.3%) | $478,249 (16.3%) | 0.97 | 849 |
| 2022-07-01 | $425,000 (21.4%) | $474,313 (17.1%) | 0.96 | 1,000 |
| 2022-08-01 | $429,900 (20.4%) | $482,135 (17.0%) | 0.99 | 967 |
| 2022-09-01 | $439,900 (23.3%) | $491,848 (16.4%) | 1.03 | 850 |
| 2022-10-01 | $432,450 (23.6%) | $487,535 (16.7%) | 1.02 | 782 |
| 2022-11-01 | $428,660 (18.6%) | $479,352 (12.6%) | 1.03 | 726 |
| 2022-12-01 | $439,000 (17.2%) | $480,656 (10.9%) | 1.08 | 605 |
| 2023-01-01 | $426,625 (9.6%) | $474,923 (8.6%) | 1.06 | 499 |
| 2023-02-01 | $435,625 (8.7%) | $487,799 (9.0%) | 1.05 | 456 |
| 2023-03-01 | $439,000 (4.4%) | $490,135 (3.9%) | 1.04 | 461 |
| 2023-04-01 | $445,000 (4.7%) | $497,401 (6.2%) | 1.03 | 467 |
| 2023-05-01 | $446,700 (3.9%) | $496,934 (4.4%) | 1.01 | 496 |
| 2023-06-01 | $442,350 (1.7%) | $500,046 (4.6%) | 0.99 | 585 |
| 2023-07-01 | $439,000 (3.3%) | $498,860 (5.2%) | 1.00 | 752 |
| 2023-08-01 | $434,500 (1.1%) | $493,062 (2.3%) | 1.00 | 814 |
| 2023-09-01 | $439,900 (0.0%) | $509,606 (3.6%) | 1.02 | 803 |
| 2023-10-01 | $434,500 (0.5%) | $496,472 (1.8%) | 1.02 | 761 |
| 2023-11-01 | $427,000 (-0.4%) | $491,658 (2.6%) | 1.02 | 716 |
| 2023-12-01 | $425,000 (-3.2%) | $493,515 (2.7%) | 1.04 | 618 |
| 2024-01-01 | $429,500 (0.7%) | $501,829 (5.7%) | 1.05 | 520 |
| 2024-02-01 | $437,000 (0.3%) | $506,567 (3.9%) | 1.05 | 486 |
| 2024-03-01 | $435,000 (-0.9%) | $504,121 (2.9%) | 1.02 | 488 |
Anchorage's median listing price comes in at 102% of the national average.
Anchorage's average listing price for 2024-03-01 was $504,121, a difference of $13,986 (2.9%) versus the prior year and $-2,446 versus the prior month.
For the 2024-03-01 period, Anchorage had 488 MLS listings, a difference of 2 listings (0%) versus the prior month and 27 listings (6%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Anchorage (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 89 days | 1,717 sqft |
| 2018-02-01 | 73 days | 1,729 sqft |
| 2018-03-01 | 53 days | 1,768 sqft |
| 2018-04-01 | 50 days | 1,800 sqft |
| 2018-05-01 | 47 days | 1,823 sqft |
| 2018-06-01 | 47 days | 1,816 sqft |
| 2018-07-01 | 52 days | 1,805 sqft |
| 2018-08-01 | 58 days | 1,805 sqft |
| 2018-09-01 | 67 days | 1,800 sqft |
| 2018-10-01 | 77 days | 1,779 sqft |
| 2018-11-01 | 84 days | 1,788 sqft |
| 2018-12-01 | 93 days | 1,770 sqft |
| 2019-01-01 | 96 days | 1,777 sqft |
| 2019-02-01 | 83 days | 1,782 sqft |
| 2019-03-01 | 59 days | 1,809 sqft |
| 2019-04-01 | 49 days | 1,841 sqft |
| 2019-05-01 | 46 days | 1,842 sqft |
| 2019-06-01 | 50 days | 1,852 sqft |
| 2019-07-01 | 55 days | 1,862 sqft |
| 2019-08-01 | 59 days | 1,837 sqft |
| 2019-09-01 | 65 days | 1,830 sqft |
| 2019-10-01 | 69 days | 1,824 sqft |
| 2019-11-01 | 79 days | 1,800 sqft |
| 2019-12-01 | 88 days | 1,754 sqft |
| 2020-01-01 | 86 days | 1,747 sqft |
| 2020-02-01 | 68 days | 1,777 sqft |
| 2020-03-01 | 51 days | 1,793 sqft |
| 2020-04-01 | 53 days | 1,803 sqft |
| 2020-05-01 | 51 days | 1,832 sqft |
| 2020-06-01 | 43 days | 1,835 sqft |
| 2020-07-01 | 43 days | 1,833 sqft |
| 2020-08-01 | 43 days | 1,793 sqft |
| 2020-09-01 | 45 days | 1,800 sqft |
| 2020-10-01 | 53 days | 1,745 sqft |
| 2020-11-01 | 63 days | 1,705 sqft |
| 2020-12-01 | 71 days | 1,704 sqft |
| 2021-01-01 | 68 days | 1,698 sqft |
| 2021-02-01 | 42 days | 1,707 sqft |
| 2021-03-01 | 36 days | 1,769 sqft |
| 2021-04-01 | 28 days | 1,788 sqft |
| 2021-05-01 | 23 days | 1,799 sqft |
| 2021-06-01 | 24 days | 1,793 sqft |
| 2021-07-01 | 27 days | 1,800 sqft |
| 2021-08-01 | 32 days | 1,799 sqft |
| 2021-09-01 | 41 days | 1,794 sqft |
| 2021-10-01 | 44 days | 1,743 sqft |
| 2021-11-01 | 53 days | 1,745 sqft |
| 2021-12-01 | 65 days | 1,728 sqft |
| 2022-01-01 | 78 days | 1,750 sqft |
| 2022-02-01 | 33 days | 1,794 sqft |
| 2022-03-01 | 15 days | 1,809 sqft |
| 2022-04-01 | 15 days | 1,818 sqft |
| 2022-05-01 | 18 days | 1,869 sqft |
| 2022-06-01 | 23 days | 1,898 sqft |
| 2022-07-01 | 29 days | 1,904 sqft |
| 2022-08-01 | 43 days | 1,927 sqft |
| 2022-09-01 | 52 days | 1,951 sqft |
| 2022-10-01 | 57 days | 1,924 sqft |
| 2022-11-01 | 61 days | 1,904 sqft |
| 2022-12-01 | 78 days | 1,904 sqft |
| 2023-01-01 | 81 days | 1,844 sqft |
| 2023-02-01 | 43 days | 1,849 sqft |
| 2023-03-01 | 38 days | 1,888 sqft |
| 2023-04-01 | 30 days | 1,903 sqft |
| 2023-05-01 | 29 days | 1,897 sqft |
| 2023-06-01 | 25 days | 1,872 sqft |
| 2023-07-01 | 27 days | 1,879 sqft |
| 2023-08-01 | 37 days | 1,895 sqft |
| 2023-09-01 | 58 days | 1,920 sqft |
| 2023-10-01 | 57 days | 1,873 sqft |
| 2023-11-01 | 63 days | 1,810 sqft |
| 2023-12-01 | 74 days | 1,800 sqft |
| 2024-01-01 | 83 days | 1,808 sqft |
| 2024-02-01 | 58 days | 1,818 sqft |
| 2024-03-01 | 48 days | 1,816 sqft |
Anchorage's median square footage for active listings during the 2024-03-01 period was 1,816 sqft. One year prior, the average listing was 1,888 sqft.