Barnstable Town USDA Loans

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 9 lenders originated 16 USDA loans during 2021. The total origination value was $4,950,000, with an average USDA loan value of $309,375.

Barnstable Town USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Barnstable Town averaged 5.22% for the week of 2022-08-05, compared to the national average (all USDA variants) of 5.294% for the same period.

The average rate for the prior week (2022-07-29) was 5.34% and one month ago for the week of 2022-07-01, the average rate was 5.37%.

The average rate one year ago was 3.16%.

For refis of the same type during the week of 2022-08-05, the average rate was 5.28%.

Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

Barnstable Town 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 Barnstable Town level.

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
RADIUS FINANCIAL GROUP INC. 4 2.47% $4,479
NEWREZ LLC 3 2.92% $4,174
Sierra Pacific Mortgage Company, Inc. 2 2.69% $6,106
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 2.88% $7,768
BROKER SOLUTIONS, INC. 1 2.75% $7,790
UNITED WHOLESALE MORTGAGE, LLC 1 2.88% $9,171
CALIBER HOME LOANS, INC. 1 2.75% $3,690
Mortgage Network, Inc. 1 3.13% $7,024
STEARNS LENDING, LLC 1 2.50% $7,990

The top Barnstable Town USDA lender as defined by loan originations is RADIUS FINANCIAL GROUP INC., with 4 USDA loans originated. Their average total fees are $4,479, which is $305 higher than the next largest lender, NEWREZ LLC.

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 $569,500 (4.0%) $968,173 (3.4%) 2.10 2,509
2018-02-01 $575,000 (1.0%) $964,457 (0.8%) 2.07 2,495
2018-03-01 $589,000 (1.6%) $984,307 (3.9%) 2.04 2,518
2018-04-01 $599,900 (0.8%) $1,013,544 (7.0%) 2.01 2,666
2018-05-01 $599,950 (3.6%) $994,513 (10.5%) 2.00 2,938
2018-06-01 $599,000 (3.8%) $962,824 (7.2%) 2.00 3,165
2018-07-01 $599,000 (3.5%) $952,934 (5.5%) 2.00 3,327
2018-08-01 $579,450 (1.8%) $931,512 (2.8%) 1.94 3,496
2018-09-01 $559,900 (-1.6%) $913,874 (-1.2%) 1.87 3,709
2018-10-01 $549,000 (-1.4%) $894,754 (-1.4%) 1.84 3,872
2018-11-01 $549,900 (-2.7%) $915,245 (0.2%) 1.84 3,675
2018-12-01 $559,000 (-1.9%) $930,210 (-2.6%) 1.91 3,215
2019-01-01 $549,000 (-3.6%) $929,131 (-4.0%) 1.89 2,818
2019-02-01 $567,000 (-1.4%) $942,551 (-2.3%) 1.90 2,887
2019-03-01 $586,429 (-0.4%) $956,679 (-2.8%) 1.91 3,055
2019-04-01 $596,000 (-0.7%) $953,503 (-5.9%) 1.88 3,304
2019-05-01 $596,500 (-0.6%) $953,805 (-4.1%) 1.84 3,532
2019-06-01 $596,627 (-0.4%) $948,825 (-1.5%) 1.84 3,705
2019-07-01 $599,000 (0.0%) $966,118 (1.4%) 1.86 3,681
2019-08-01 $590,857 (2.0%) $959,442 (3.0%) 1.86 3,637
2019-09-01 $579,500 (3.5%) $947,614 (3.7%) 1.84 3,602
2019-10-01 $574,900 (4.7%) $936,964 (4.7%) 1.83 3,664
2019-11-01 $569,000 (3.5%) $957,426 (4.6%) 1.84 3,407
2019-12-01 $569,000 (1.8%) $967,658 (4.0%) 1.90 2,927
2020-01-01 $575,000 (4.7%) $1,013,833 (9.1%) 1.92 2,597
2020-02-01 $599,000 (5.6%) $1,048,432 (11.2%) 1.93 2,530
2020-03-01 $601,950 (2.7%) $1,033,506 (8.0%) 1.88 2,746
2020-04-01 $599,900 (0.7%) $1,024,310 (7.4%) 1.87 2,837
2020-05-01 $619,000 (3.8%) $1,048,747 (10.0%) 1.88 2,779
2020-06-01 $647,200 (8.5%) $1,086,485 (14.5%) 1.89 2,418
2020-07-01 $654,450 (9.3%) $1,130,483 (17.0%) 1.88 2,137
2020-08-01 $675,000 (14.2%) $1,188,906 (23.9%) 1.93 1,802
2020-09-01 $699,000 (20.6%) $1,298,460 (37.0%) 2.00 1,621
2020-10-01 $699,500 (21.7%) $1,308,999 (39.7%) 2.00 1,543
2020-11-01 $699,000 (22.9%) $1,315,257 (37.4%) 2.00 1,354
2020-12-01 $732,450 (28.7%) $1,357,404 (40.3%) 2.15 1,128
2021-01-01 $749,900 (30.4%) $1,485,183 (46.5%) 2.21 940
2021-02-01 $797,000 (33.1%) $1,519,989 (45.0%) 2.29 764
2021-03-01 $739,450 (22.8%) $1,517,521 (46.8%) 2.07 806
2021-04-01 $699,450 (16.6%) $1,506,271 (47.1%) 1.88 791
2021-05-01 $699,900 (13.1%) $1,495,124 (42.6%) 1.84 871
2021-06-01 $707,000 (9.2%) $1,436,551 (32.2%) 1.84 966
2021-07-01 $725,000 (10.8%) $1,397,958 (23.7%) 1.88 1,016
2021-08-01 $727,450 (7.8%) $1,309,900 (10.2%) 1.91 1,078
2021-09-01 $699,450 (0.1%) $1,295,790 (-0.2%) 1.84 1,133
2021-10-01 $735,000 (5.1%) $1,377,497 (5.2%) 1.93 1,073
2021-11-01 $754,000 (7.9%) $1,467,151 (11.6%) 1.99 863
2021-12-01 $812,500 (10.9%) $1,537,018 (13.2%) 2.17 677
2022-01-01 $849,000 (13.2%) $1,671,146 (12.5%) 2.26 520
2022-02-01 $849,450 (6.6%) $1,831,019 (20.5%) 2.16 477
2022-03-01 $849,450 (14.9%) $1,846,970 (21.7%) 2.10 483
2022-04-01 $799,500 (14.3%) $1,680,742 (11.6%) 1.88 572
2022-05-01 $844,500 (20.7%) $1,648,893 (10.3%) 1.89 713
2022-06-01 $850,000 (20.2%) $1,511,502 (5.2%) 1.89 954
Barnstable Town's median listing price for 2022-06-01 was $850,000, a difference of $143,000 (20.2%) versus the prior year and $5,500 versus the prior month.

Barnstable Town's median listing price comes in at 189% of the national average.

Barnstable Town's average listing price for 2022-06-01 was $1,511,502, a difference of $74,951 (5.2%) versus the prior year and $-137,391 versus the prior month.

For the 2022-06-01 period, Barnstable Town had 954 MLS listings, a difference of 241 listings (34%) versus the prior month and -12 listings (-1%) 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
2018-01-01 118 days 1,872 sqft
2018-02-01 122 days 1,906 sqft
2018-03-01 115 days 1,900 sqft
2018-04-01 75 days 1,959 sqft
2018-05-01 69 days 1,965 sqft
2018-06-01 65 days 1,901 sqft
2018-07-01 68 days 1,893 sqft
2018-08-01 76 days 1,859 sqft
2018-09-01 75 days 1,855 sqft
2018-10-01 75 days 1,818 sqft
2018-11-01 81 days 1,820 sqft
2018-12-01 95 days 1,800 sqft
2019-01-01 108 days 1,791 sqft
2019-02-01 113 days 1,807 sqft
2019-03-01 105 days 1,842 sqft
2019-04-01 72 days 1,873 sqft
2019-05-01 66 days 1,846 sqft
2019-06-01 70 days 1,842 sqft
2019-07-01 79 days 1,854 sqft
2019-08-01 91 days 1,838 sqft
2019-09-01 91 days 1,813 sqft
2019-10-01 87 days 1,818 sqft
2019-11-01 87 days 1,820 sqft
2019-12-01 102 days 1,827 sqft
2020-01-01 112 days 1,815 sqft
2020-02-01 107 days 1,865 sqft
2020-03-01 68 days 1,862 sqft
2020-04-01 75 days 1,848 sqft
2020-05-01 90 days 1,869 sqft
2020-06-01 98 days 1,902 sqft
2020-07-01 82 days 1,907 sqft
2020-08-01 68 days 1,900 sqft
2020-09-01 59 days 1,896 sqft
2020-10-01 52 days 1,830 sqft
2020-11-01 58 days 1,800 sqft
2020-12-01 73 days 1,824 sqft
2021-01-01 84 days 1,846 sqft
2021-02-01 92 days 1,836 sqft
2021-03-01 65 days 1,843 sqft
2021-04-01 44 days 1,742 sqft
2021-05-01 37 days 1,778 sqft
2021-06-01 36 days 1,775 sqft
2021-07-01 41 days 1,757 sqft
2021-08-01 43 days 1,761 sqft
2021-09-01 44 days 1,753 sqft
2021-10-01 49 days 1,780 sqft
2021-11-01 58 days 1,806 sqft
2021-12-01 68 days 1,838 sqft
2022-01-01 79 days 1,836 sqft
2022-02-01 62 days 1,822 sqft
2022-03-01 48 days 1,900 sqft
2022-04-01 35 days 1,747 sqft
2022-05-01 32 days 1,830 sqft
2022-06-01 27 days 1,875 sqft
Barnstable Town's median listing age (time on market) for 2022-06-01 was 27 days. This is -24% shorter than the same period one year ago.

Barnstable Town's median square footage for active listings during the 2022-06-01 period was 1,875 sqft. One year prior, the average listing was 1,775 sqft.