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%.

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
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 for 2024-11-01 was $199,000, a difference of $9,275 (4.9%) versus the prior year and $-16,000 versus the prior month.

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. 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
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 listing age (time on market) for 2024-11-01 was 0 days.

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.