Beckley USDA Loans
BECKLEY, WV
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 20 lenders originated 127 USDA loans during 2021. The total origination value was $15,005,000, with an average USDA loan value of $118,150.
Beckley USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Beckley
averaged
5.38%
for the week of 2022-05-13, compared to the national average (all USDA variants) of
5.294% for the same period.
The average rate for the prior week (2022-05-06) was
5.32% and
one month ago for the week of 2022-04-08, the
average rate was 4.88%.
The average rate one year ago was 3.09%.
For refis of the same type during the week of 2022-05-13, the average rate
was 5.35%.
Beckley 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 Beckley level.
Name | # of Loans | 2021 Avg. 30yFix Rate | 2021 Avg. Total Fees |
---|---|---|---|
MOVEMENT MORTGAGE, LLC | 62 | 3.35% | $3,716 |
The Huntington National Bank | 16 | 2.98% | $4,555 |
Truist Bank | 12 | 2.64% | $4,428 |
PRIMELENDING, A PLAINSCAPITAL COMPANY | 8 | 3.69% | $4,773 |
Gateway First Bank | 6 | 3.10% | $2,447 |
Alcova Mortgage LLC | 5 | 2.98% | $3,187 |
Victorian Finance, LLC | 3 | 3.04% | $4,852 |
Bank of England | 2 | 3.63% | $4,979 |
Atlantic Union Bank | 2 | 2.88% | $4,869 |
LOANDEPOT.COM, LLC | 1 | 3.00% | $4,831 |
Blue Ridge Bank | 1 | 2.88% | $4,175 |
OCEANSIDE MORTGAGE COMPANY | 1 | 3.13% | $1,396 |
Flagstar Bank, FSB | 1 | 3.00% | $3,414 |
TOWNE MORTGAGE COMPANY | 1 | 2.75% | $5,769 |
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | 1 | 3.63% | $3,589 |
UNION HOME MORTGAGE CORP. | 1 | 2.88% | $3,459 |
United Bank | 1 | 2.63% | $3,433 |
RESIDENTIAL MORTGAGE SERVICES, INC. | 1 | 2.88% | $4,466 |
Equity Prime Mortgage LLC | 1 | 3.25% | $2,133 |
GENEVA FINANCIAL, LLC | 1 | 3.63% | $5,338 |
The top Beckley USDA lender as defined by loan originations is MOVEMENT MORTGAGE, LLC, with
62 USDA loans originated. Their average total fees are
$3,716, which is $840
lower than the next largest lender,
The Huntington National Bank.
The lowest fee Beckley USDA lenders (with over 10 loans originated) are
MOVEMENT MORTGAGE, LLC ($3,716), Truist Bank ($4,428), The Huntington National Bank ($4,555), .
The lowest rate Beckley USDA lenders (with over 10 loans originated) are
Truist Bank (2.64%), The Huntington National Bank (2.98%), MOVEMENT MORTGAGE, LLC (3.35%), .
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Beckley (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $127,000 (-7.3%) | $178,664 (-1.3%) | 0.00 | 638 |
2018-02-01 | $127,450 (-7.6%) | $177,461 (-1.6%) | 0.00 | 635 |
2018-03-01 | $129,900 (-10.4%) | $180,613 (-0.8%) | 0.00 | 626 |
2018-04-01 | $135,400 (-7.8%) | $191,361 (2.4%) | 0.00 | 608 |
2018-05-01 | $144,000 (-0.7%) | $195,865 (5.1%) | 0.00 | 625 |
2018-06-01 | $142,000 (-4.7%) | $197,610 (2.3%) | 0.00 | 686 |
2018-07-01 | $139,000 (-4.1%) | $191,094 (1.5%) | 0.00 | 722 |
2018-08-01 | $138,450 (-4.5%) | $190,768 (1.4%) | 0.00 | 727 |
2018-09-01 | $139,000 (-4.1%) | $188,595 (-0.1%) | 0.00 | 735 |
2018-10-01 | $135,000 (-3.5%) | $189,306 (0.0%) | 0.00 | 667 |
2018-11-01 | $129,950 (-3.7%) | $188,409 (2.5%) | 0.00 | 601 |
2018-12-01 | $129,900 (0.0%) | $185,084 (2.0%) | 0.00 | 550 |
2019-01-01 | $129,450 (1.9%) | $185,549 (3.9%) | 0.00 | 492 |
2019-02-01 | $137,000 (7.5%) | $195,763 (10.3%) | 0.00 | 485 |
2019-03-01 | $143,157 (10.2%) | $200,983 (11.3%) | 0.00 | 486 |
2019-04-01 | $145,957 (7.8%) | $204,905 (7.1%) | 0.00 | 487 |
2019-05-01 | $148,700 (3.3%) | $212,520 (8.5%) | 0.00 | 511 |
2019-06-01 | $149,900 (5.6%) | $214,198 (8.4%) | 0.00 | 537 |
2019-07-01 | $149,900 (7.8%) | $214,480 (12.2%) | 0.00 | 532 |
2019-08-01 | $148,657 (7.4%) | $210,546 (10.4%) | 0.00 | 528 |
2019-09-01 | $147,207 (5.9%) | $206,388 (9.4%) | 0.00 | 533 |
2019-10-01 | $129,900 (-3.8%) | $183,003 (-3.3%) | 0.00 | 594 |
2019-11-01 | $125,000 (-3.8%) | $188,559 (0.1%) | 0.00 | 561 |
2019-12-01 | $123,250 (-5.1%) | $181,042 (-2.2%) | 0.00 | 554 |
2020-01-01 | $125,000 (-3.4%) | $180,390 (-2.8%) | 0.00 | 505 |
2020-02-01 | $139,000 (1.5%) | $194,970 (-0.4%) | 0.00 | 443 |
2020-03-01 | $133,450 (-6.8%) | $192,980 (-4.0%) | 0.00 | 443 |
2020-04-01 | $127,500 (-12.7%) | $192,704 (-6.0%) | 0.00 | 407 |
2020-05-01 | $120,000 (-19.3%) | $189,722 (-10.7%) | 0.00 | 370 |
2020-06-01 | $118,000 (-21.3%) | $191,638 (-10.5%) | 0.00 | 368 |
2020-07-01 | $127,500 (-14.9%) | $204,866 (-4.5%) | 0.00 | 358 |
2020-08-01 | $125,000 (-15.9%) | $221,683 (5.3%) | 0.00 | 335 |
2020-09-01 | $123,170 (-16.3%) | $228,924 (10.9%) | 0.00 | 327 |
2020-10-01 | $119,000 (-8.4%) | $215,418 (17.7%) | 0.00 | 373 |
2020-11-01 | $115,000 (-8.0%) | $211,072 (11.9%) | 0.00 | 365 |
2020-12-01 | $121,720 (-1.2%) | $211,449 (16.8%) | 0.00 | 330 |
2021-01-01 | $129,900 (3.9%) | $226,922 (25.8%) | 0.00 | 284 |
2021-02-01 | $139,000 (0.0%) | $258,641 (32.7%) | 0.00 | 246 |
2021-03-01 | $138,000 (3.4%) | $269,647 (39.7%) | 0.00 | 221 |
2021-04-01 | $149,450 (17.2%) | $285,280 (48.0%) | 0.00 | 196 |
2021-05-01 | $159,000 (32.5%) | $291,398 (53.6%) | 0.00 | 184 |
2021-06-01 | $162,450 (37.7%) | $275,186 (43.6%) | 0.00 | 199 |
2021-07-01 | $152,000 (19.2%) | $242,640 (18.4%) | 0.00 | 208 |
2021-08-01 | $143,750 (15.0%) | $232,434 (4.9%) | 0.00 | 205 |
2021-09-01 | $147,000 (19.4%) | $248,172 (8.4%) | 0.00 | 183 |
2021-10-01 | $158,000 (32.8%) | $246,985 (14.7%) | 0.00 | 172 |
2021-11-01 | $154,950 (34.7%) | $244,908 (16.0%) | 0.00 | 160 |
2021-12-01 | $146,500 (20.4%) | $254,612 (20.4%) | 0.00 | 144 |
2022-01-01 | $140,000 (7.8%) | $257,445 (13.5%) | 0.00 | 121 |
2022-02-01 | $124,950 (-10.1%) | $218,209 (-15.6%) | 0.00 | 124 |
2022-03-01 | $156,950 (13.7%) | $240,415 (-10.8%) | 0.00 | 116 |
2022-04-01 | $130,000 (-13.0%) | $230,560 (-19.2%) | 0.00 | 128 |
Beckley's median listing price comes in at 0% of the national average.
Beckley's average listing price for 2022-04-01 was $230,560, a difference of $-54,720 (-19.2%) versus the prior year and $-9,855 versus the prior month.
For the 2022-04-01 period, Beckley had 128 MLS listings, a difference of 12 listings (10%) versus the prior month and -68 listings (-35%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Beckley (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,845 sqft |
2018-02-01 | 0 days | 1,795 sqft |
2018-03-01 | 0 days | 1,776 sqft |
2018-04-01 | 0 days | 1,793 sqft |
2018-05-01 | 0 days | 1,845 sqft |
2018-06-01 | 0 days | 1,806 sqft |
2018-07-01 | 0 days | 1,799 sqft |
2018-08-01 | 0 days | 1,793 sqft |
2018-09-01 | 0 days | 1,798 sqft |
2018-10-01 | 0 days | 1,780 sqft |
2018-11-01 | 0 days | 1,761 sqft |
2018-12-01 | 0 days | 1,747 sqft |
2019-01-01 | 0 days | 1,743 sqft |
2019-02-01 | 0 days | 1,793 sqft |
2019-03-01 | 0 days | 1,816 sqft |
2019-04-01 | 0 days | 1,839 sqft |
2019-05-01 | 0 days | 1,850 sqft |
2019-06-01 | 0 days | 1,872 sqft |
2019-07-01 | 0 days | 1,867 sqft |
2019-08-01 | 0 days | 1,884 sqft |
2019-09-01 | 0 days | 1,884 sqft |
2019-10-01 | 0 days | 1,887 sqft |
2019-11-01 | 0 days | 1,900 sqft |
2019-12-01 | 0 days | 1,842 sqft |
2020-01-01 | 0 days | 1,808 sqft |
2020-02-01 | 0 days | 1,716 sqft |
2020-03-01 | 0 days | 1,675 sqft |
2020-04-01 | 0 days | 1,661 sqft |
2020-05-01 | 0 days | 1,673 sqft |
2020-06-01 | 0 days | 1,638 sqft |
2020-07-01 | 0 days | 1,729 sqft |
2020-08-01 | 0 days | 1,757 sqft |
2020-09-01 | 0 days | 1,728 sqft |
2020-10-01 | 0 days | 1,599 sqft |
2020-11-01 | 0 days | 1,587 sqft |
2020-12-01 | 0 days | 1,523 sqft |
2021-01-01 | 0 days | 1,564 sqft |
2021-02-01 | 0 days | 1,624 sqft |
2021-03-01 | 0 days | 1,676 sqft |
2021-04-01 | 0 days | 1,741 sqft |
2021-05-01 | 0 days | 1,846 sqft |
2021-06-01 | 0 days | 1,874 sqft |
2021-07-01 | 0 days | 1,814 sqft |
2021-08-01 | 0 days | 1,788 sqft |
2021-09-01 | 0 days | 1,815 sqft |
2021-10-01 | 0 days | 1,835 sqft |
2021-11-01 | 0 days | 1,783 sqft |
2021-12-01 | 0 days | 1,780 sqft |
2022-01-01 | 0 days | 1,594 sqft |
2022-02-01 | 0 days | 1,548 sqft |
2022-03-01 | 0 days | 1,712 sqft |
2022-04-01 | 0 days | 1,620 sqft |
Beckley's median square footage for active listings during the 2022-04-01 period was 1,620 sqft. One year prior, the average listing was 1,741 sqft.