Anchorage USDA Loan Rates, Closing Costs & Stats

ANCHORAGE, AK

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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.

    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 6.12% for the week of 2022-12-02, compared to the national average (all USDA variants) of 6.437% for the same period.

    Anchorage's average USDA mortgage closing costs are $4,978.

    The average rate for the prior week (2022-11-25) was 6.35% and one month ago for the week of 2022-10-28, the average rate was 6.83%.

    The average rate one year ago was 3.02%.

    For refis of the same type during the week of 2022-12-02, the average rate was 6.19%.

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

    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 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
    CALIBER HOME LOANS, INC. 25 2.80% $5,033
    Alaska USA Mortgage Company LLC 24 2.78% $4,745
    Alaska USA Federal Credit Union 24 2.78% $4,745
    RESIDENTIAL MORTGAGE, LLC 23 2.71% $5,484
    MOVEMENT MORTGAGE, LLC 14 2.71% $4,282
    PRIMELENDING, A PLAINSCAPITAL COMPANY 11 2.93% $6,054
    ACADEMY MORTGAGE CORPORATION 10 2.86% $7,020
    PRIMARY RESIDENTIAL MORTGAGE, INC. 7 2.66% $7,368
    GUARANTEED RATE, INC. 6 2.90% $6,856
    CHURCHILL MORTGAGE CORPORATION 6 2.56% $5,793
    FINANCE OF AMERICA MORTGAGE LLC 6 2.81% $6,172
    GUILD MORTGAGE COMPANY 3 2.50% $4,492
    Wells Fargo Bank 3 3.33% $6,092
    HOME POINT FINANCIAL CORPORATION 2 2.38% $6,310
    CORNERSTONE HOME LENDING, INC. 2 2.75% $8,020
    First National Bank Alaska 2 2.81% $8,230
    LAKEVIEW LOAN SERVICING, LLC 1 2.88% $5,744
    LOANDEPOT.COM, LLC 1 2.88% $6,682
    Flagstar Bank, FSB 1 3.00% $5,866
    NuVision Federal Credit Union 1 3.00% $5,307
    CELEBRITY HOME LOANS, LLC 1 2.62% $9,479
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 1 3.13% $6,123
    Bank of England 1 2.75% $7,811
    STEARNS LENDING, LLC 1 3.25% $5,050
    KELLER MORTGAGE, LLC 1 2.25% $2,233

    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. 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%) 1.01 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 $316,971 (6.0%) $343,422 (0.4%) 1.04 1,558
    2019-04-01 $322,300 (4.0%) $349,421 (0.3%) 1.02 1,634
    2019-05-01 $324,950 (3.2%) $353,487 (1.6%) 1.02 1,784
    2019-06-01 $320,000 (3.3%) $352,525 (3.6%) 1.00 1,963
    2019-07-01 $319,500 (5.2%) $351,200 (3.9%) 1.00 2,071
    2019-08-01 $315,909 (3.6%) $348,038 (2.1%) 1.00 2,048
    2019-09-01 $316,523 (3.1%) $348,416 (2.7%) 1.01 1,976
    2019-10-01 $318,000 (6.0%) $349,485 (4.3%) 1.03 1,904
    2019-11-01 $317,250 (5.8%) $350,616 (4.5%) 1.04 1,699
    2019-12-01 $311,475 (3.9%) $345,087 (3.6%) 1.04 1,523
    2020-01-01 $311,500 (3.9%) $347,823 (5.1%) 1.04 1,334
    2020-02-01 $319,000 (3.8%) $354,968 (5.8%) 1.04 1,257
    2020-03-01 $319,450 (0.8%) $356,825 (3.9%) 1.00 1,236
    2020-04-01 $319,500 (-0.9%) $354,989 (1.6%) 1.00 1,301
    2020-05-01 $329,900 (1.5%) $364,961 (3.3%) 1.00 1,415
    2020-06-01 $330,000 (3.1%) $373,176 (5.9%) 0.97 1,422
    2020-07-01 $337,000 (5.5%) $384,866 (9.6%) 0.98 1,361
    2020-08-01 $334,700 (6.0%) $386,370 (11.0%) 0.96 1,347
    2020-09-01 $335,000 (5.8%) $394,196 (13.1%) 0.96 1,301
    2020-10-01 $325,000 (2.2%) $395,557 (13.2%) 0.93 1,180
    2020-11-01 $326,450 (2.9%) $400,134 (14.1%) 0.95 1,033
    2020-12-01 $328,350 (5.4%) $403,275 (16.9%) 0.98 893
    2021-01-01 $326,463 (4.8%) $406,856 (17.0%) 0.97 760
    2021-02-01 $337,500 (5.8%) $414,371 (16.7%) 0.98 699
    2021-03-01 $353,850 (10.8%) $431,660 (21.0%) 1.00 682
    2021-04-01 $357,500 (11.9%) $431,673 (21.6%) 0.97 724
    2021-05-01 $360,000 (9.1%) $421,295 (15.4%) 0.95 766
    2021-06-01 $350,000 (6.1%) $410,375 (10.0%) 0.92 875
    2021-07-01 $350,000 (3.9%) $404,333 (5.1%) 0.92 1,000
    2021-08-01 $354,350 (5.9%) $411,284 (6.5%) 0.94 1,054
    2021-09-01 $355,575 (6.1%) $421,787 (7.0%) 0.95 1,027
    2021-10-01 $350,000 (7.7%) $416,846 (5.4%) 0.93 912
    2021-11-01 $357,450 (9.5%) $424,505 (6.1%) 0.95 712
    2021-12-01 $370,000 (12.7%) $431,938 (7.1%) 1.00 570
    2022-01-01 $385,000 (17.9%) $437,846 (7.6%) 1.04 437
    2022-02-01 $396,500 (17.5%) $445,544 (7.5%) 1.03 374
    2022-03-01 $418,625 (18.3%) $469,375 (8.7%) 1.05 387
    2022-04-01 $425,000 (18.9%) $466,915 (8.2%) 1.01 498
    2022-05-01 $428,375 (19.0%) $474,619 (12.7%) 0.98 674
    2022-06-01 $432,475 (23.6%) $477,080 (16.3%) 0.96 854
    2022-07-01 $425,000 (21.4%) $473,279 (17.1%) 0.96 1,006
    2022-08-01 $429,000 (21.1%) $480,713 (16.9%) 0.99 973
    2022-09-01 $439,375 (23.6%) $490,185 (16.2%) 1.03 856
    2022-10-01 $430,000 (22.9%) $485,664 (16.5%) 1.01 788
    2022-11-01 $426,085 (19.2%) $477,864 (12.6%) 1.02 731
    Anchorage's median listing price for 2022-11-01 was $426,085, a difference of $68,635 (19.2%) versus the prior year and $-3,915 versus the prior month.

    Anchorage's median listing price comes in at 102% of the national average.

    Anchorage's average listing price for 2022-11-01 was $477,864, a difference of $53,359 (12.6%) versus the prior year and $-7,800 versus the prior month.

    For the 2022-11-01 period, Anchorage had 731 MLS listings, a difference of -57 listings (-7%) versus the prior month and 19 listings (3%) 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 93 days 1,717 sqft
    2018-02-01 78 days 1,729 sqft
    2018-03-01 57 days 1,771 sqft
    2018-04-01 52 days 1,800 sqft
    2018-05-01 50 days 1,823 sqft
    2018-06-01 50 days 1,816 sqft
    2018-07-01 55 days 1,805 sqft
    2018-08-01 59 days 1,805 sqft
    2018-09-01 70 days 1,800 sqft
    2018-10-01 79 days 1,779 sqft
    2018-11-01 89 days 1,788 sqft
    2018-12-01 99 days 1,770 sqft
    2019-01-01 101 days 1,777 sqft
    2019-02-01 90 days 1,782 sqft
    2019-03-01 64 days 1,809 sqft
    2019-04-01 51 days 1,840 sqft
    2019-05-01 50 days 1,842 sqft
    2019-06-01 52 days 1,852 sqft
    2019-07-01 58 days 1,862 sqft
    2019-08-01 62 days 1,837 sqft
    2019-09-01 67 days 1,830 sqft
    2019-10-01 72 days 1,824 sqft
    2019-11-01 81 days 1,800 sqft
    2019-12-01 92 days 1,753 sqft
    2020-01-01 88 days 1,746 sqft
    2020-02-01 73 days 1,776 sqft
    2020-03-01 53 days 1,793 sqft
    2020-04-01 57 days 1,801 sqft
    2020-05-01 54 days 1,832 sqft
    2020-06-01 43 days 1,834 sqft
    2020-07-01 44 days 1,832 sqft
    2020-08-01 45 days 1,793 sqft
    2020-09-01 47 days 1,800 sqft
    2020-10-01 56 days 1,744 sqft
    2020-11-01 67 days 1,704 sqft
    2020-12-01 76 days 1,704 sqft
    2021-01-01 73 days 1,694 sqft
    2021-02-01 46 days 1,707 sqft
    2021-03-01 39 days 1,769 sqft
    2021-04-01 30 days 1,788 sqft
    2021-05-01 25 days 1,798 sqft
    2021-06-01 25 days 1,793 sqft
    2021-07-01 29 days 1,800 sqft
    2021-08-01 33 days 1,798 sqft
    2021-09-01 42 days 1,792 sqft
    2021-10-01 46 days 1,737 sqft
    2021-11-01 56 days 1,744 sqft
    2021-12-01 70 days 1,728 sqft
    2022-01-01 82 days 1,741 sqft
    2022-02-01 35 days 1,793 sqft
    2022-03-01 16 days 1,808 sqft
    2022-04-01 15 days 1,816 sqft
    2022-05-01 19 days 1,869 sqft
    2022-06-01 23 days 1,897 sqft
    2022-07-01 29 days 1,900 sqft
    2022-08-01 43 days 1,926 sqft
    2022-09-01 53 days 1,949 sqft
    2022-10-01 58 days 1,920 sqft
    2022-11-01 64 days 1,904 sqft
    Anchorage's median listing age (time on market) for 2022-11-01 was 64 days. This is 14% longer than the same period one year ago.

    Anchorage's median square footage for active listings during the 2022-11-01 period was 1,904 sqft. One year prior, the average listing was 1,744 sqft.