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%.

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/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 for 2023-04-01 was $895,000, a difference of $95,005 (11.9%) versus the prior year and $22,550 versus the prior month.

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 listing age (time on market) for 2023-04-01 was 52 days. This is 30% longer than the same period one year ago.

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.