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%.

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 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. Louis
Date 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 for 2022-04-01 was $130,000, a difference of $-19,450 (-13.0%) versus the prior year and $-26,950 versus the prior month.

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. Louis
Date 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 listing age (time on market) for 2022-04-01 was 0 days.

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.