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%.
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 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 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.
