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%.

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 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. Total Fees
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 $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 for 2022-04-01 was $430,000, a difference of $72,500 (20.3%) versus the prior year and $5,000 versus the prior month.

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. Louis
Date 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 listing age (time on market) for 2022-04-01 was 17 days. This is -48% shorter than the same period one year ago.

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.