Anchorage USDA Loans

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 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.