Anchorage USDA Loans
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 25 lenders originated 237 USDA loans during 2021. The total origination value was $58,925,000, with an average USDA loan value of $248,629.
Anchorage USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Anchorage
averaged
5.08%
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
4.91% and
one month ago for the week of 2022-04-08, the
average rate was 4.87%.
The average rate one year ago was 2.78%.
For refis of the same type during the week of 2022-05-13, the average rate
was 5.14%.
Anchorage 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 Anchorage level.
The top Anchorage USDA lender as defined by loan originations is CALIBER HOME LOANS, INC., with
25 USDA loans originated. Their average total fees are
$5,033, which is $288
higher than the next largest lender,
Alaska USA Mortgage Company LLC.
The lowest fee Anchorage USDA lenders (with over 10 loans originated) are
MOVEMENT MORTGAGE, LLC ($4,282), Alaska USA Mortgage Company LLC ($4,745), Alaska USA Federal Credit Union ($4,745), CALIBER HOME LOANS, INC. ($5,033) and RESIDENTIAL MORTGAGE, LLC ($5,484).
The lowest rate Anchorage USDA lenders (with over 10 loans originated) are
MOVEMENT MORTGAGE, LLC (2.71%), RESIDENTIAL MORTGAGE, LLC (2.71%), Alaska USA Mortgage Company LLC (2.78%), Alaska USA Federal Credit Union (2.78%) and CALIBER HOME LOANS, INC. (2.80%).
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Anchorage (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $289,450 (-3.5%) | $333,706 (-3.3%) | 1.07 | 1,473 |
2018-02-01 | $292,400 (-2.0%) | $336,370 (-2.1%) | 1.05 | 1,488 |
2018-03-01 | $299,500 (-0.2%) | $342,409 (-2.4%) | 1.04 | 1,631 |
2018-04-01 | $310,000 (0.0%) | $349,308 (-0.2%) | 1.04 | 1,719 |
2018-05-01 | $315,000 (1.6%) | $348,803 (0.7%) | 1.05 | 1,891 |
2018-06-01 | $310,000 (0.0%) | $340,641 (-1.8%) | 1.03 | 2,123 |
2018-07-01 | $306,000 (-1.0%) | $339,623 (-1.7%) | 1.02 | 2,280 |
2018-08-01 | $307,250 (1.6%) | $343,538 (1.0%) | 1.03 | 2,315 |
2018-09-01 | $308,000 (3.0%) | $341,385 (1.4%) | 1.03 | 2,213 |
2018-10-01 | $301,375 (1.1%) | $337,480 (0.3%) | 1.01 | 2,006 |
2018-11-01 | $302,500 (4.3%) | $338,153 (1.3%) | 1.01 | 1,831 |
2018-12-01 | $299,999 (3.8%) | $337,067 (1.7%) | 1.03 | 1,625 |
2019-01-01 | $307,670 (6.3%) | $336,154 (0.7%) | 1.06 | 1,414 |
2019-02-01 | $309,250 (5.8%) | $338,281 (0.6%) | 1.04 | 1,467 |
2019-03-01 | $317,100 (5.9%) | $345,557 (0.9%) | 1.03 | 1,519 |
2019-04-01 | $322,450 (4.0%) | $351,119 (0.5%) | 1.02 | 1,597 |
2019-05-01 | $326,000 (3.5%) | $355,265 (1.9%) | 1.00 | 1,752 |
2019-06-01 | $322,000 (3.9%) | $354,435 (4.1%) | 0.99 | 1,924 |
2019-07-01 | $321,950 (5.2%) | $352,237 (3.7%) | 1.00 | 2,034 |
2019-08-01 | $317,286 (3.3%) | $349,977 (1.9%) | 1.00 | 2,013 |
2019-09-01 | $315,000 (2.3%) | $350,956 (2.8%) | 1.00 | 1,949 |
2019-10-01 | $319,450 (6.0%) | $351,085 (4.0%) | 1.02 | 1,870 |
2019-11-01 | $319,900 (5.8%) | $352,227 (4.2%) | 1.03 | 1,661 |
2019-12-01 | $314,950 (5.0%) | $346,975 (2.9%) | 1.05 | 1,486 |
2020-01-01 | $315,000 (2.4%) | $351,075 (4.4%) | 1.05 | 1,291 |
2020-02-01 | $319,900 (3.4%) | $356,082 (5.3%) | 1.03 | 1,213 |
2020-03-01 | $319,948 (0.9%) | $357,792 (3.5%) | 1.00 | 1,191 |
2020-04-01 | $319,500 (-0.9%) | $355,275 (1.2%) | 1.00 | 1,256 |
2020-05-01 | $329,900 (1.2%) | $365,865 (3.0%) | 1.00 | 1,350 |
2020-06-01 | $332,500 (3.3%) | $374,875 (5.8%) | 0.97 | 1,362 |
2020-07-01 | $338,000 (5.0%) | $385,679 (9.5%) | 0.97 | 1,315 |
2020-08-01 | $335,000 (5.6%) | $387,926 (10.8%) | 0.96 | 1,302 |
2020-09-01 | $335,450 (6.5%) | $396,026 (12.8%) | 0.96 | 1,247 |
2020-10-01 | $325,000 (1.7%) | $397,056 (13.1%) | 0.93 | 1,139 |
2020-11-01 | $326,875 (2.2%) | $402,160 (14.2%) | 0.94 | 996 |
2020-12-01 | $328,125 (4.2%) | $403,869 (16.4%) | 0.96 | 865 |
2021-01-01 | $328,750 (4.4%) | $409,291 (16.6%) | 0.97 | 733 |
2021-02-01 | $337,500 (5.5%) | $415,811 (16.8%) | 0.97 | 665 |
2021-03-01 | $358,250 (12.0%) | $432,949 (21.0%) | 1.00 | 644 |
2021-04-01 | $357,500 (11.9%) | $431,975 (21.6%) | 0.96 | 682 |
2021-05-01 | $362,000 (9.7%) | $424,118 (15.9%) | 0.95 | 713 |
2021-06-01 | $352,450 (6.0%) | $411,838 (9.9%) | 0.92 | 813 |
2021-07-01 | $354,900 (5.0%) | $408,358 (5.9%) | 0.92 | 933 |
2021-08-01 | $357,450 (6.7%) | $412,980 (6.5%) | 0.94 | 1,002 |
2021-09-01 | $356,750 (6.4%) | $423,134 (6.9%) | 0.94 | 978 |
2021-10-01 | $350,000 (7.7%) | $420,322 (5.9%) | 0.92 | 866 |
2021-11-01 | $363,500 (11.2%) | $427,869 (6.4%) | 0.96 | 676 |
2021-12-01 | $373,000 (13.7%) | $435,185 (7.8%) | 0.99 | 539 |
2022-01-01 | $390,000 (18.6%) | $441,138 (7.8%) | 1.04 | 410 |
2022-02-01 | $402,000 (19.1%) | $449,678 (8.1%) | 1.02 | 340 |
2022-03-01 | $425,000 (18.6%) | $478,697 (10.6%) | 1.05 | 346 |
2022-04-01 | $430,000 (20.3%) | $476,050 (10.2%) | 1.01 | 447 |
Anchorage's median listing price comes in at 101% of the national average.
Anchorage's average listing price for 2022-04-01 was $476,050, a difference of $44,075 (10.2%) versus the prior year and $-2,647 versus the prior month.
For the 2022-04-01 period, Anchorage had 447 MLS listings, a difference of 101 listings (29%) versus the prior month and -235 listings (-34%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Anchorage (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 93 days | 1,725 sqft |
2018-02-01 | 82 days | 1,742 sqft |
2018-03-01 | 57 days | 1,774 sqft |
2018-04-01 | 53 days | 1,800 sqft |
2018-05-01 | 51 days | 1,829 sqft |
2018-06-01 | 51 days | 1,816 sqft |
2018-07-01 | 56 days | 1,807 sqft |
2018-08-01 | 59 days | 1,810 sqft |
2018-09-01 | 70 days | 1,802 sqft |
2018-10-01 | 78 days | 1,784 sqft |
2018-11-01 | 88 days | 1,790 sqft |
2018-12-01 | 98 days | 1,775 sqft |
2019-01-01 | 101 days | 1,785 sqft |
2019-02-01 | 91 days | 1,790 sqft |
2019-03-01 | 57 days | 1,812 sqft |
2019-04-01 | 51 days | 1,843 sqft |
2019-05-01 | 49 days | 1,846 sqft |
2019-06-01 | 52 days | 1,854 sqft |
2019-07-01 | 58 days | 1,866 sqft |
2019-08-01 | 63 days | 1,833 sqft |
2019-09-01 | 65 days | 1,821 sqft |
2019-10-01 | 71 days | 1,824 sqft |
2019-11-01 | 80 days | 1,805 sqft |
2019-12-01 | 92 days | 1,760 sqft |
2020-01-01 | 89 days | 1,756 sqft |
2020-02-01 | 74 days | 1,780 sqft |
2020-03-01 | 53 days | 1,794 sqft |
2020-04-01 | 56 days | 1,800 sqft |
2020-05-01 | 56 days | 1,832 sqft |
2020-06-01 | 44 days | 1,836 sqft |
2020-07-01 | 44 days | 1,836 sqft |
2020-08-01 | 46 days | 1,790 sqft |
2020-09-01 | 48 days | 1,798 sqft |
2020-10-01 | 57 days | 1,745 sqft |
2020-11-01 | 67 days | 1,705 sqft |
2020-12-01 | 76 days | 1,704 sqft |
2021-01-01 | 74 days | 1,698 sqft |
2021-02-01 | 51 days | 1,707 sqft |
2021-03-01 | 41 days | 1,769 sqft |
2021-04-01 | 33 days | 1,779 sqft |
2021-05-01 | 30 days | 1,798 sqft |
2021-06-01 | 28 days | 1,797 sqft |
2021-07-01 | 30 days | 1,800 sqft |
2021-08-01 | 34 days | 1,798 sqft |
2021-09-01 | 43 days | 1,794 sqft |
2021-10-01 | 48 days | 1,760 sqft |
2021-11-01 | 56 days | 1,763 sqft |
2021-12-01 | 70 days | 1,728 sqft |
2022-01-01 | 84 days | 1,754 sqft |
2022-02-01 | 45 days | 1,799 sqft |
2022-03-01 | 21 days | 1,820 sqft |
2022-04-01 | 17 days | 1,834 sqft |
Anchorage's median square footage for active listings during the 2022-04-01 period was 1,834 sqft. One year prior, the average listing was 1,779 sqft.