Beckley USDA Loan Rates, Closing Costs & Stats
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 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
5.98%
for the week of 2024-12-13, compared to the national average (all USDA variants) of
6.303% for the same period.
Beckley's average USDA mortgage closing costs are $4,085.
The average rate for the prior week (2024-12-06) was
6.31% and
one month ago for the week of 2024-11-08, the
average rate was 6.13%.
The average rate one year ago was 6.8%.
For refis of the same type during the week of 2024-12-13, the average rate
was 6.43%.
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. LouisDate | 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 |
2024-04-01 | $178,225 (-3.6%) | $271,045 (-12.3%) | 0.00 | 164 |
2024-05-01 | $178,650 (-12.9%) | $280,439 (-10.9%) | 0.00 | 193 |
2024-06-01 | $179,950 (-17.3%) | $292,140 (-2.4%) | 0.00 | 204 |
2024-07-01 | $186,200 (-15.3%) | $296,391 (1.1%) | 0.00 | 216 |
2024-08-01 | $219,900 (3.5%) | $313,315 (8.1%) | 0.00 | 213 |
2024-09-01 | $212,250 (6.2%) | $298,443 (6.0%) | 0.00 | 221 |
2024-10-01 | $215,000 (10.4%) | $303,890 (9.7%) | 0.00 | 223 |
2024-11-01 | $199,000 (4.9%) | $267,549 (-0.2%) | 0.00 | 218 |
Beckley's median listing price comes in at 0% of the national average.
Beckley's average listing price for 2024-11-01 was $267,549, a difference of $-525 (-0.2%) versus the prior year and $-36,341 versus the prior month.
For the 2024-11-01 period, Beckley had 218 MLS listings, a difference of -5 listings (-2%) versus the prior month and 32 listings (17%) 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 | 1,773 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 |
2024-04-01 | 0 days | 1,652 sqft |
2024-05-01 | 0 days | 1,667 sqft |
2024-06-01 | 0 days | 1,731 sqft |
2024-07-01 | 0 days | 1,800 sqft |
2024-08-01 | 0 days | 1,851 sqft |
2024-09-01 | 0 days | 1,741 sqft |
2024-10-01 | 0 days | 1,699 sqft |
2024-11-01 | 0 days | 1,713 sqft |
Beckley's median square footage for active listings during the 2024-11-01 period was 1,713 sqft. One year prior, the average listing was 1,877 sqft.