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 18 lenders originated 65 USDA loans during 2022. The total origination value was $17,675,000, with an average USDA loan value of $271,923.
Anchorage USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Anchorage
averaged
-0.5%
for the week of 2023-11-24, compared to the national average (all USDA variants) of
0% for the same period.
Anchorage's average USDA mortgage closing costs are $5,185.
The average rate for the prior week (2023-11-17) was
6.6% and
one month ago for the week of 2023-10-20, the
average rate was 6.71%.
The average rate one year ago was 5.95%.
For refis of the same type during the week of 2023-11-24, the average rate
was -1.93%.
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 | 2022 Avg. 30yFix Rate | 2022 Avg. Closing Costs |
|---|---|---|---|
| RESIDENTIAL MORTGAGE, LLC | 11 | 4.34% | $6,950 |
| Alaska USA Mortgage Company LLC | 9 | 4.72% | $7,111 |
| FINANCE OF AMERICA MORTGAGE LLC | 8 | 3.77% | $5,459 |
| CALIBER HOME LOANS, INC. | 8 | 3.76% | $5,327 |
| MOVEMENT MORTGAGE, LLC | 5 | 5.55% | $8,326 |
| UNITED WHOLESALE MORTGAGE, LLC | 4 | 5.69% | $8,266 |
| ACADEMY MORTGAGE CORPORATION | 3 | 5.75% | $10,061 |
| GUILD MORTGAGE COMPANY | 3 | 4.88% | $8,270 |
| Hometown Lenders, Inc. | 3 | 5.12% | $7,120 |
| CHURCHILL MORTGAGE CORPORATION | 2 | 4.13% | $6,980 |
| Willamette Valley Bank | 1 | 5.00% | $11,471 |
| Mortgage Research Center, LLC | 1 | 6.88% | $3,777 |
| NuVision Federal Credit Union | 1 | 2.75% | $4,387 |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | 1 | 6.75% | $8,322 |
| Bank of England | 1 | 4.63% | $7,592 |
| FIDELITY BANK | 1 | 3.75% | $13,257 |
| AMERICAN FINANCING CORPORATION | 1 | 3.25% | $4,876 |
| CMG MORTGAGE, INC. | 1 | 5.75% | $6,921 |
The top Anchorage USDA lender as defined by loan originations is RESIDENTIAL MORTGAGE, LLC, with
11 USDA loans originated. Their average total fees are
$6,950, which is $161
lower than the next largest lender,
Alaska USA Mortgage Company LLC.
The lowest fee Anchorage USDA lenders (with over 10 loans originated) are
RESIDENTIAL MORTGAGE, LLC ($6,950), .
The lowest rate Anchorage USDA lenders (with over 10 loans originated) are
RESIDENTIAL MORTGAGE, LLC (4.34%), .
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%) | 1.05 | 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%) | 1.02 | 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 | 1,001 |
| 2022-08-01 | $429,900 (20.4%) | $481,769 (16.9%) | 0.99 | 968 |
| 2022-09-01 | $439,900 (23.3%) | $491,425 (16.3%) | 1.03 | 851 |
| 2022-10-01 | $430,000 (22.9%) | $487,057 (16.6%) | 1.01 | 783 |
| 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 | $446,950 (4.0%) | $497,426 (4.5%) | 1.01 | 491 |
| 2023-06-01 | $443,100 (1.9%) | $500,881 (4.7%) | 1.00 | 581 |
| 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 (3.7%) | 1.02 | 803 |
| 2023-10-01 | $434,500 (1.1%) | $496,472 (1.9%) | 1.02 | 761 |
Anchorage's median listing price comes in at 102% of the national average.
Anchorage's average listing price for 2023-10-01 was $496,472, a difference of $9,415 (1.9%) versus the prior year and $-13,134 versus the prior month.
For the 2023-10-01 period, Anchorage had 761 MLS listings, a difference of -42 listings (-5%) versus the prior month and -22 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 | 89 days | 1,717 sqft |
| 2018-02-01 | 73 days | 1,729 sqft |
| 2018-03-01 | 53 days | 1,771 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 | 64 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 | 1,802 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 | 1,902 sqft |
| 2022-08-01 | 43 days | 1,927 sqft |
| 2022-09-01 | 52 days | 1,949 sqft |
| 2022-10-01 | 57 days | 1,920 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 | 1,904 sqft |
| 2023-05-01 | 29 days | 1,897 sqft |
| 2023-06-01 | 25 days | 1,873 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 |
Anchorage's median square footage for active listings during the 2023-10-01 period was 1,873 sqft. One year prior, the average listing was 1,920 sqft.