Barnstable Town USDA Loan Rates, Closing Costs & Stats
BARNSTABLE TOWN, MA
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.
Barnstable Town's 4 lenders originated 4 USDA loans during 2022. The total origination value was $1,450,000, with an average USDA loan value of $362,500.
Barnstable Town USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Barnstable Town
averaged
5.67%
for the week of 2023-05-26, compared to the national average (all USDA variants) of
6.63% for the same period.
Barnstable Town's average USDA mortgage closing costs are $6,344.
The average rate for the prior week (2023-05-19) was
5.71% and
one month ago for the week of 2023-04-21, the
average rate was 5.32%.
The average rate one year ago was 4.24%.
For refis of the same type during the week of 2023-05-26, the average rate
was 5.12%.
Barnstable Town 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 Barnstable Town level.
| Name | # of Loans | 2022 Avg. 30yFix Rate | 2022 Avg. Closing Costs |
|---|---|---|---|
| CONWAY FINANCIAL SERVICES, LLC | 1 | 5.25% | $7,722 |
| FIRST HOME MORTGAGE CORPORATION | 1 | 2.88% | $8,730 |
| PENNYMAC LOAN SERVICES, LLC | 1 | 3.00% | $7,429 |
| RADIUS FINANCIAL GROUP INC. | 1 | 4.75% | $11,173 |
The top Barnstable Town USDA lender as defined by loan originations is CONWAY FINANCIAL SERVICES, LLC, with
1 USDA loans originated. Their average total fees are
$7,722, which is $1,008
lower than the next largest lender,
FIRST HOME MORTGAGE CORPORATION.
The lowest fee Barnstable Town USDA lenders (with over 10 loans originated) are
.
The lowest rate Barnstable Town USDA lenders (with over 10 loans originated) are
.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Barnstable Town (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 | $599,000 (7.2%) | $1,007,446 (2.5%) | 2.22 | 1,840 |
| 2018-02-01 | $599,000 (3.3%) | $996,216 (-0.7%) | 2.18 | 1,836 |
| 2018-03-01 | $599,000 (1.1%) | $1,029,466 (2.9%) | 2.10 | 1,853 |
| 2018-04-01 | $629,000 (5.0%) | $1,059,984 (6.1%) | 2.13 | 1,979 |
| 2018-05-01 | $625,000 (5.7%) | $1,031,014 (8.6%) | 2.09 | 2,199 |
| 2018-06-01 | $610,000 (3.0%) | $997,553 (5.7%) | 2.03 | 2,377 |
| 2018-07-01 | $599,900 (0.8%) | $988,660 (3.8%) | 2.00 | 2,480 |
| 2018-08-01 | $599,000 (1.7%) | $972,358 (0.7%) | 2.01 | 2,592 |
| 2018-09-01 | $575,000 (-0.9%) | $951,194 (-2.2%) | 1.93 | 2,749 |
| 2018-10-01 | $565,450 (-1.7%) | $937,328 (-0.9%) | 1.92 | 2,809 |
| 2018-11-01 | $577,000 (-1.2%) | $952,995 (0.4%) | 1.96 | 2,649 |
| 2018-12-01 | $587,000 (-2.0%) | $961,734 (-2.6%) | 2.02 | 2,360 |
| 2019-01-01 | $569,450 (-4.9%) | $956,472 (-5.1%) | 1.97 | 2,064 |
| 2019-02-01 | $587,400 (-1.9%) | $970,636 (-2.6%) | 1.98 | 2,104 |
| 2019-03-01 | $595,000 (-0.7%) | $967,542 (-6.0%) | 1.98 | 2,154 |
| 2019-04-01 | $599,000 (-4.8%) | $972,285 (-8.3%) | 1.90 | 2,407 |
| 2019-05-01 | $599,000 (-4.2%) | $973,895 (-5.5%) | 1.87 | 2,534 |
| 2019-06-01 | $599,000 (-1.8%) | $981,944 (-1.6%) | 1.87 | 2,623 |
| 2019-07-01 | $599,900 (0.0%) | $1,009,729 (2.1%) | 1.88 | 2,618 |
| 2019-08-01 | $609,450 (1.7%) | $1,022,633 (5.2%) | 1.91 | 2,596 |
| 2019-09-01 | $599,499 (4.3%) | $1,011,134 (6.3%) | 1.89 | 2,487 |
| 2019-10-01 | $587,000 (3.8%) | $972,301 (3.7%) | 1.89 | 2,599 |
| 2019-11-01 | $575,000 (-0.4%) | $980,292 (2.9%) | 1.89 | 2,377 |
| 2019-12-01 | $575,000 (-2.0%) | $983,376 (2.3%) | 1.92 | 2,092 |
| 2020-01-01 | $579,575 (1.8%) | $1,007,148 (5.3%) | 1.94 | 1,874 |
| 2020-02-01 | $599,900 (2.1%) | $1,060,899 (9.3%) | 1.96 | 1,785 |
| 2020-03-01 | $601,950 (1.2%) | $1,046,568 (8.2%) | 1.89 | 1,932 |
| 2020-04-01 | $602,000 (0.5%) | $1,040,894 (7.1%) | 1.89 | 1,974 |
| 2020-05-01 | $624,000 (4.2%) | $1,055,268 (8.4%) | 1.90 | 1,972 |
| 2020-06-01 | $642,425 (7.3%) | $1,087,840 (10.8%) | 1.89 | 1,737 |
| 2020-07-01 | $644,900 (7.5%) | $1,127,573 (11.7%) | 1.87 | 1,539 |
| 2020-08-01 | $651,491 (6.9%) | $1,167,216 (14.1%) | 1.87 | 1,309 |
| 2020-09-01 | $693,000 (15.6%) | $1,231,651 (21.8%) | 1.99 | 1,205 |
| 2020-10-01 | $660,500 (12.5%) | $1,225,897 (26.1%) | 1.89 | 1,125 |
| 2020-11-01 | $685,000 (19.1%) | $1,268,336 (29.4%) | 2.00 | 997 |
| 2020-12-01 | $699,000 (21.6%) | $1,293,794 (31.6%) | 2.08 | 841 |
| 2021-01-01 | $704,450 (21.6%) | $1,405,005 (39.5%) | 2.10 | 693 |
| 2021-02-01 | $749,475 (24.9%) | $1,429,470 (34.7%) | 2.18 | 583 |
| 2021-03-01 | $709,450 (17.9%) | $1,471,288 (40.6%) | 2.01 | 617 |
| 2021-04-01 | $699,500 (16.2%) | $1,460,962 (40.4%) | 1.89 | 578 |
| 2021-05-01 | $699,900 (12.2%) | $1,417,800 (34.4%) | 1.86 | 645 |
| 2021-06-01 | $725,000 (12.9%) | $1,389,244 (27.7%) | 1.91 | 705 |
| 2021-07-01 | $727,000 (12.7%) | $1,365,097 (21.1%) | 1.92 | 755 |
| 2021-08-01 | $712,950 (9.4%) | $1,304,565 (11.8%) | 1.90 | 783 |
| 2021-09-01 | $699,250 (0.9%) | $1,277,606 (3.7%) | 1.86 | 816 |
| 2021-10-01 | $739,450 (12.0%) | $1,351,377 (10.2%) | 1.97 | 766 |
| 2021-11-01 | $782,450 (14.2%) | $1,474,219 (16.2%) | 2.09 | 618 |
| 2021-12-01 | $825,000 (18.0%) | $1,548,261 (19.7%) | 2.24 | 487 |
| 2022-01-01 | $849,000 (20.5%) | $1,613,059 (14.8%) | 2.30 | 387 |
| 2022-02-01 | $849,500 (13.4%) | $1,735,270 (21.4%) | 2.21 | 360 |
| 2022-03-01 | $849,675 (19.8%) | $1,724,011 (17.2%) | 2.13 | 371 |
| 2022-04-01 | $799,995 (14.4%) | $1,673,669 (14.6%) | 1.91 | 415 |
| 2022-05-01 | $854,500 (22.1%) | $1,613,673 (13.8%) | 1.95 | 528 |
| 2022-06-01 | $847,500 (16.9%) | $1,514,317 (9.0%) | 1.89 | 643 |
| 2022-07-01 | $825,000 (13.5%) | $1,467,633 (7.5%) | 1.86 | 755 |
| 2022-08-01 | $799,900 (12.2%) | $1,489,693 (14.2%) | 1.85 | 783 |
| 2022-09-01 | $797,000 (14.0%) | $1,470,803 (15.1%) | 1.86 | 810 |
| 2022-10-01 | $775,000 (4.8%) | $1,408,098 (4.2%) | 1.82 | 860 |
| 2022-11-01 | $798,000 (2.0%) | $1,432,258 (-2.9%) | 1.92 | 829 |
| 2022-12-01 | $775,000 (-6.1%) | $1,435,233 (-7.3%) | 1.91 | 659 |
| 2023-01-01 | $824,000 (-2.9%) | $1,478,748 (-8.3%) | 2.04 | 535 |
| 2023-02-01 | $874,975 (3.0%) | $1,590,661 (-8.3%) | 2.11 | 505 |
| 2023-03-01 | $872,450 (2.7%) | $1,702,484 (-1.3%) | 2.06 | 507 |
| 2023-04-01 | $895,000 (11.9%) | $1,729,764 (3.4%) | 2.08 | 551 |
Barnstable Town's median listing price comes in at 208% of the national average.
Barnstable Town's average listing price for 2023-04-01 was $1,729,764, a difference of $56,095 (3.4%) versus the prior year and $27,280 versus the prior month.
For the 2023-04-01 period, Barnstable Town had 551 MLS listings, a difference of 44 listings (9%) versus the prior month and 136 listings (33%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Barnstable Town (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 124 days | 1,898 sqft |
| 2018-02-01 | 129 days | 1,905 sqft |
| 2018-03-01 | 123 days | 1,907 sqft |
| 2018-04-01 | 83 days | 1,960 sqft |
| 2018-05-01 | 72 days | 1,954 sqft |
| 2018-06-01 | 66 days | 1,900 sqft |
| 2018-07-01 | 73 days | 1,889 sqft |
| 2018-08-01 | 80 days | 1,860 sqft |
| 2018-09-01 | 80 days | 1,849 sqft |
| 2018-10-01 | 81 days | 1,820 sqft |
| 2018-11-01 | 87 days | 1,830 sqft |
| 2018-12-01 | 101 days | 1,808 sqft |
| 2019-01-01 | 115 days | 1,803 sqft |
| 2019-02-01 | 122 days | 1,807 sqft |
| 2019-03-01 | 120 days | 1,829 sqft |
| 2019-04-01 | 80 days | 1,859 sqft |
| 2019-05-01 | 72 days | 1,820 sqft |
| 2019-06-01 | 74 days | 1,822 sqft |
| 2019-07-01 | 85 days | 1,829 sqft |
| 2019-08-01 | 99 days | 1,872 sqft |
| 2019-09-01 | 102 days | 1,869 sqft |
| 2019-10-01 | 97 days | 1,803 sqft |
| 2019-11-01 | 102 days | 1,806 sqft |
| 2019-12-01 | 113 days | 1,804 sqft |
| 2020-01-01 | 121 days | 1,800 sqft |
| 2020-02-01 | 120 days | 1,848 sqft |
| 2020-03-01 | 91 days | 1,853 sqft |
| 2020-04-01 | 91 days | 1,846 sqft |
| 2020-05-01 | 99 days | 1,848 sqft |
| 2020-06-01 | 109 days | 1,878 sqft |
| 2020-07-01 | 113 days | 1,859 sqft |
| 2020-08-01 | 92 days | 1,858 sqft |
| 2020-09-01 | 77 days | 1,837 sqft |
| 2020-10-01 | 71 days | 1,801 sqft |
| 2020-11-01 | 74 days | 1,771 sqft |
| 2020-12-01 | 91 days | 1,811 sqft |
| 2021-01-01 | 100 days | 1,830 sqft |
| 2021-02-01 | 110 days | 1,831 sqft |
| 2021-03-01 | 88 days | 1,820 sqft |
| 2021-04-01 | 56 days | 1,809 sqft |
| 2021-05-01 | 46 days | 1,820 sqft |
| 2021-06-01 | 42 days | 1,815 sqft |
| 2021-07-01 | 46 days | 1,800 sqft |
| 2021-08-01 | 50 days | 1,784 sqft |
| 2021-09-01 | 54 days | 1,769 sqft |
| 2021-10-01 | 61 days | 1,788 sqft |
| 2021-11-01 | 72 days | 1,803 sqft |
| 2021-12-01 | 94 days | 1,856 sqft |
| 2022-01-01 | 102 days | 1,839 sqft |
| 2022-02-01 | 84 days | 1,894 sqft |
| 2022-03-01 | 48 days | 1,878 sqft |
| 2022-04-01 | 40 days | 1,784 sqft |
| 2022-05-01 | 34 days | 1,869 sqft |
| 2022-06-01 | 34 days | 1,883 sqft |
| 2022-07-01 | 40 days | 1,915 sqft |
| 2022-08-01 | 49 days | 1,976 sqft |
| 2022-09-01 | 56 days | 1,932 sqft |
| 2022-10-01 | 51 days | 1,888 sqft |
| 2022-11-01 | 54 days | 1,858 sqft |
| 2022-12-01 | 73 days | 1,830 sqft |
| 2023-01-01 | 84 days | 1,824 sqft |
| 2023-02-01 | 90 days | 1,926 sqft |
| 2023-03-01 | 64 days | 1,895 sqft |
| 2023-04-01 | 52 days | 1,923 sqft |
Barnstable Town's median square footage for active listings during the 2023-04-01 period was 1,923 sqft. One year prior, the average listing was 1,784 sqft.