Beckley USDA Loan Rates, Closing Costs & Stats

BECKLEY, WV

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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.

    Beckley's 11 lenders originated 68 USDA loans during 2023. The total origination value was $8,310,000, with an average USDA loan value of $122,206.

    Beckley USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Beckley averaged 6.54% for the week of 2024-04-19, compared to the national average (all USDA variants) of 6.863% for the same period.

    Beckley's average USDA mortgage closing costs are $4,085.

    The average rate for the prior week (2024-04-12) was 6.69% and one month ago for the week of 2024-03-15, the average rate was 6.37%.

    The average rate one year ago was 6.41%.

    For refis of the same type during the week of 2024-04-19, the average rate was 7.09%.

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

    Beckley 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 Beckley level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    MOVEMENT MORTGAGE, LLC 37 6.91% $5,530
    Truist 8 5.55% $4,719
    Alcova Mortgage LLC 8 6.83% $5,198
    PRIMELENDING, A PLAINSCAPITAL COMPANY 4 7.25% $5,989
    The Huntington National Bank 3 5.98% $4,924
    Paramount Residential Mortgage Group, Inc. 2 6.38% $4,907
    HOMESPIRE MORTGAGE CORPORATION 1 5.63% $7,632
    T2 FINANCIAL LLC 1 7.25% $8,059
    BROKER SOLUTIONS, INC. 1 6.75% $12,007
    United Bank 1 6.49% $4,331
    U.S. Bank 1 7.13% $4,912

    The top Beckley USDA lender as defined by loan originations is MOVEMENT MORTGAGE, LLC, with 37 USDA loans originated. Their average total fees are $5,530, which is $811 higher than the next largest lender, Truist.

    The lowest fee Beckley USDA lenders (with over 10 loans originated) are MOVEMENT MORTGAGE, LLC ($5,530), .

    The lowest rate Beckley USDA lenders (with over 10 loans originated) are MOVEMENT MORTGAGE, LLC (6.91%), .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Beckley (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 $120,000 (-7.7%) $166,254 (-5.4%) 0.00 547
    2018-02-01 $119,950 (-10.0%) $163,997 (-7.0%) 0.00 536
    2018-03-01 $120,000 (-13.7%) $168,113 (-5.0%) 0.00 520
    2018-04-01 $128,000 (-8.1%) $177,733 (-0.6%) 0.00 498
    2018-05-01 $131,800 (-5.5%) $181,630 (1.7%) 0.00 512
    2018-06-01 $130,000 (-7.1%) $183,593 (-0.1%) 0.00 568
    2018-07-01 $129,900 (-6.6%) $179,015 (-0.1%) 0.00 595
    2018-08-01 $129,800 (-5.5%) $178,108 (-0.3%) 0.00 613
    2018-09-01 $129,000 (-4.4%) $177,210 (-0.2%) 0.00 618
    2018-10-01 $125,498 (-6.2%) $180,225 (1.3%) 0.00 582
    2018-11-01 $120,625 (-6.5%) $178,998 (3.9%) 0.00 530
    2018-12-01 $125,000 (0.1%) $175,752 (4.4%) 0.00 487
    2019-01-01 $122,500 (2.1%) $175,039 (5.3%) 0.00 442
    2019-02-01 $129,450 (7.9%) $182,029 (11.0%) 0.00 427
    2019-03-01 $134,100 (11.8%) $187,454 (11.5%) 0.00 426
    2019-04-01 $138,650 (8.3%) $192,610 (8.4%) 0.00 428
    2019-05-01 $139,700 (6.0%) $200,167 (10.2%) 0.00 458
    2019-06-01 $139,900 (7.6%) $202,298 (10.2%) 0.00 494
    2019-07-01 $139,900 (7.7%) $205,281 (14.7%) 0.00 488
    2019-08-01 $135,327 (4.3%) $197,329 (10.8%) 0.00 502
    2019-09-01 $128,393 (-0.5%) $185,961 (4.9%) 0.00 525
    2019-10-01 $123,125 (-1.9%) $179,706 (-0.3%) 0.00 535
    2019-11-01 $119,900 (-0.6%) $179,814 (0.5%) 0.00 516
    2019-12-01 $119,000 (-4.8%) $172,758 (-1.7%) 0.00 499
    2020-01-01 $115,000 (-6.1%) $166,445 (-4.9%) 0.00 454
    2020-02-01 $125,000 (-3.4%) $179,822 (-1.2%) 0.00 395
    2020-03-01 $124,925 (-6.8%) $180,299 (-3.8%) 0.00 369
    2020-04-01 $122,475 (-11.7%) $183,304 (-4.8%) 0.00 333
    2020-05-01 $119,900 (-14.2%) $178,431 (-10.9%) 0.00 318
    2020-06-01 $115,750 (-17.3%) $180,007 (-11.0%) 0.00 312
    2020-07-01 $119,975 (-14.2%) $192,664 (-6.2%) 0.00 316
    2020-08-01 $122,670 (-9.4%) $206,352 (4.6%) 0.00 303
    2020-09-01 $115,875 (-9.8%) $211,287 (13.6%) 0.00 289
    2020-10-01 $114,900 (-6.7%) $199,100 (10.8%) 0.00 322
    2020-11-01 $115,500 (-3.7%) $197,091 (9.6%) 0.00 320
    2020-12-01 $119,950 (0.8%) $199,437 (15.4%) 0.00 288
    2021-01-01 $122,950 (6.9%) $209,064 (25.6%) 0.00 254
    2021-02-01 $135,000 (8.0%) $220,628 (22.7%) 0.00 219
    2021-03-01 $132,750 (6.3%) $226,874 (25.8%) 0.00 200
    2021-04-01 $135,000 (10.2%) $238,834 (30.3%) 0.00 170
    2021-05-01 $155,000 (29.3%) $257,019 (44.0%) 0.00 164
    2021-06-01 $157,000 (35.6%) $249,436 (38.6%) 0.00 178
    2021-07-01 $141,000 (17.5%) $221,657 (15.1%) 0.00 190
    2021-08-01 $131,000 (6.8%) $214,411 (3.9%) 0.00 191
    2021-09-01 $139,125 (20.1%) $228,585 (8.2%) 0.00 184
    2021-10-01 $145,000 (26.2%) $223,286 (12.2%) 0.00 172
    2021-11-01 $133,700 (15.8%) $217,195 (10.2%) 0.00 158
    2021-12-01 $125,975 (5.0%) $228,541 (14.6%) 0.00 145
    2022-01-01 $127,000 (3.3%) $236,744 (13.2%) 0.00 125
    2022-02-01 $124,974 (-7.4%) $222,785 (1.0%) 0.00 119
    2022-03-01 $139,975 (5.4%) $250,526 (10.4%) 0.00 110
    2022-04-01 $132,200 (-2.1%) $243,146 (1.8%) 0.00 123
    2022-05-01 $142,450 (-8.1%) $238,575 (-7.2%) 0.00 120
    2022-06-01 $143,225 (-8.8%) $243,038 (-2.6%) 0.00 136
    2022-07-01 $139,000 (-1.4%) $228,418 (3.1%) 0.00 156
    2022-08-01 $154,450 (17.9%) $239,934 (11.9%) 0.00 180
    2022-09-01 $160,000 (15.0%) $255,647 (11.8%) 0.00 174
    2022-10-01 $150,000 (3.5%) $261,607 (17.2%) 0.00 190
    2022-11-01 $163,750 (22.5%) $268,312 (23.5%) 0.00 179
    2022-12-01 $153,000 (21.5%) $248,385 (8.7%) 0.00 181
    2023-01-01 $153,500 (20.9%) $255,458 (7.9%) 0.00 168
    2023-02-01 $153,500 (22.8%) $285,056 (28.0%) 0.00 153
    2023-03-01 $155,000 (10.7%) $290,084 (15.8%) 0.00 148
    2023-04-01 $184,950 (39.9%) $308,870 (27.0%) 0.00 138
    2023-05-01 $205,000 (43.9%) $314,705 (31.9%) 0.00 145
    2023-06-01 $217,500 (51.9%) $299,213 (23.1%) 0.00 167
    2023-07-01 $219,950 (58.2%) $293,275 (28.4%) 0.00 181
    2023-08-01 $212,425 (37.5%) $289,826 (20.8%) 0.00 181
    2023-09-01 $199,900 (24.9%) $281,431 (10.1%) 0.00 181
    2023-10-01 $194,750 (29.8%) $277,050 (5.9%) 0.00 199
    2023-11-01 $189,725 (15.9%) $268,074 (-0.1%) 0.00 186
    2023-12-01 $190,450 (24.5%) $249,620 (0.5%) 0.00 188
    2024-01-01 $188,425 (22.8%) $237,913 (-6.9%) 0.00 180
    2024-02-01 $160,975 (4.9%) $224,642 (-21.2%) 0.00 171
    2024-03-01 $169,000 (9.0%) $237,753 (-18.0%) 0.00 179
    Beckley's median listing price for 2024-03-01 was $169,000, a difference of $14,000 (9.0%) versus the prior year and $8,025 versus the prior month.

    Beckley's median listing price comes in at 0% of the national average.

    Beckley's average listing price for 2024-03-01 was $237,753, a difference of $-52,331 (-18.0%) versus the prior year and $13,111 versus the prior month.

    For the 2024-03-01 period, Beckley had 179 MLS listings, a difference of 8 listings (5%) versus the prior month and 31 listings (21%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Beckley (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,773 sqft
    2018-02-01 0 days 1,755 sqft
    2018-03-01 0 days 1,750 sqft
    2018-04-01 0 days 1,750 sqft
    2018-05-01 0 days 1,764 sqft
    2018-06-01 0 days 1,764 sqft
    2018-07-01 0 days 1,760 sqft
    2018-08-01 0 days 1,740 sqft
    2018-09-01 0 days 1,754 sqft
    2018-10-01 0 days 1,742 sqft
    2018-11-01 0 days 1,716 sqft
    2018-12-01 0 days 1,686 sqft
    2019-01-01 0 days 1,668 sqft
    2019-02-01 0 days 1,737 sqft
    2019-03-01 0 days 1,769 sqft
    2019-04-01 0 days 1,798 sqft
    2019-05-01 0 days 1,844 sqft
    2019-06-01 0 days 1,861 sqft
    2019-07-01 0 days 1,881 sqft
    2019-08-01 0 days 1,885 sqft
    2019-09-01 0 days 1,881 sqft
    2019-10-01 0 days 1,878 sqft
    2019-11-01 0 days 1,891 sqft
    2019-12-01 0 days 1,845 sqft
    2020-01-01 0 days 1,799 sqft
    2020-02-01 0 days 1,738 sqft
    2020-03-01 0 days 1,673 sqft
    2020-04-01 0 days 1,618 sqft
    2020-05-01 0 days 1,657 sqft
    2020-06-01 0 days 1,651 sqft
    2020-07-01 0 days 1,741 sqft
    2020-08-01 0 days 1,824 sqft
    2020-09-01 0 days 1,748 sqft
    2020-10-01 0 days 1,591 sqft
    2020-11-01 0 days 1,590 sqft
    2020-12-01 0 days 1,580 sqft
    2021-01-01 0 days 1,584 sqft
    2021-02-01 0 days 1,617 sqft
    2021-03-01 0 days 1,672 sqft
    2021-04-01 0 days 1,675 sqft
    2021-05-01 0 days 1,812 sqft
    2021-06-01 0 days 1,800 sqft
    2021-07-01 0 days 1,755 sqft
    2021-08-01 0 days 1,732 sqft
    2021-09-01 0 days 1,702 sqft
    2021-10-01 0 days 1,702 sqft
    2021-11-01 0 days 1,695 sqft
    2021-12-01 0 days 1,663 sqft
    2022-01-01 0 days 1,575 sqft
    2022-02-01 0 days 1,584 sqft
    2022-03-01 0 days 1,688 sqft
    2022-04-01 0 days 1,594 sqft
    2022-05-01 0 days 1,578 sqft
    2022-06-01 0 days 1,604 sqft
    2022-07-01 0 days 1,584 sqft
    2022-08-01 0 days 1,636 sqft
    2022-09-01 0 days 1,649 sqft
    2022-10-01 0 days 1,530 sqft
    2022-11-01 0 days 1,587 sqft
    2022-12-01 0 days 1,527 sqft
    2023-01-01 0 days 1,520 sqft
    2023-02-01 0 days 1,533 sqft
    2023-03-01 0 days 1,583 sqft
    2023-04-01 0 days 1,674 sqft
    2023-05-01 0 days 1,755 sqft
    2023-06-01 0 days 1,794 sqft
    2023-07-01 0 days 1,819 sqft
    2023-08-01 0 days 1,808 sqft
    2023-09-01 0 days 1,823 sqft
    2023-10-01 0 days 1,862 sqft
    2023-11-01 0 days 1,877 sqft
    2023-12-01 0 days 1,894 sqft
    2024-01-01 0 days 1,705 sqft
    2024-02-01 0 days 1,678 sqft
    2024-03-01 0 days 1,668 sqft
    Beckley's median listing age (time on market) for 2024-03-01 was 0 days.

    Beckley's median square footage for active listings during the 2024-03-01 period was 1,668 sqft. One year prior, the average listing was 1,583 sqft.