Beckley USDA Loans

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 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.