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 6.56% for the week of 2024-06-07, compared to the national average (all USDA variants) of 6.699% for the same period.

Anchorage's average USDA mortgage closing costs are $5,276.

The average rate for the prior week (2024-05-31) was 6.74% and one month ago for the week of 2024-05-03, the average rate was 6.63%.

The average rate one year ago was 6.43%.

For refis of the same type during the week of 2024-06-07, the average rate was 6.72%.

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 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
2024-04-01 $463,750 (4.2%) $533,851 (7.3%) 1.08 549
2024-05-01 $495,000 (10.8%) $561,445 (13.0%) 1.12 694
Anchorage's median listing price for 2024-05-01 was $495,000, a difference of $48,300 (10.8%) versus the prior year and $31,250 versus the prior month.

Anchorage's median listing price comes in at 112% of the national average.

Anchorage's average listing price for 2024-05-01 was $561,445, a difference of $64,511 (13.0%) versus the prior year and $27,594 versus the prior month.

For the 2024-05-01 period, Anchorage had 694 MLS listings, a difference of 145 listings (26%) versus the prior month and 198 listings (40%) 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
2024-04-01 41 days 1,895 sqft
2024-05-01 31 days 1,927 sqft
Anchorage's median listing age (time on market) for 2024-05-01 was 31 days. This is 8% longer than the same period one year ago.

Anchorage's median square footage for active listings during the 2024-05-01 period was 1,927 sqft. One year prior, the average listing was 1,897 sqft.