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 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.