Big Stone Gap USDA Loan Rates, Closing Costs & Stats

Big Stone Gap, VA

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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.

    Big Stone Gap's 5 lenders originated 8 USDA loans during 2023. The total origination value was $890,000, with an average USDA loan value of $111,250.

    Big Stone Gap USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Big Stone Gap averaged 6.56% for the week of 2024-12-13, compared to the national average (all USDA variants) of 6.303% for the same period.

    Big Stone Gap's average USDA mortgage closing costs are $4,662.

    The average rate for the prior week (2024-12-06) was 6.99% and one month ago for the week of 2024-11-08, the average rate was 7.01%.

    The average rate one year ago was 7.48%.

    For refis of the same type during the week of 2024-12-13, the average rate was 6.4%.

    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

    Big Stone Gap 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 Big Stone Gap level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    CROSSCOUNTRY MORTGAGE, LLC 3 7.04% $6,302
    FIRST COMMUNITY MORTGAGE, INC. 2 6.19% $5,710
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 1 7.38% $5,393
    CHURCHILL MORTGAGE CORPORATION 1 6.50% $4,640
    Truist 1 6.25% $4,819

    The top Big Stone Gap USDA lender as defined by loan originations is CROSSCOUNTRY MORTGAGE, LLC, with 3 USDA loans originated. Their average total fees are $6,302, which is $592 higher than the next largest lender, FIRST COMMUNITY MORTGAGE, INC..

    The lowest fee Big Stone Gap USDA lenders (with over 10 loans originated) are .

    The lowest rate Big Stone Gap USDA lenders (with over 10 loans originated) are .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Big Stone Gap (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 $101,654 (-1.2%) $131,160 (5.2%) 0.00 208
    2018-02-01 $104,999 (6.3%) $131,655 (9.0%) 0.00 211
    2018-03-01 $99,725 (5.7%) $127,920 (8.7%) 0.00 213
    2018-04-01 $99,500 (2.7%) $126,600 (3.8%) 0.00 205
    2018-05-01 $99,167 (3.0%) $122,149 (-0.4%) 0.00 217
    2018-06-01 $94,333 (-4.4%) $118,066 (-6.5%) 0.00 229
    2018-07-01 $94,111 (-4.9%) $118,223 (-4.2%) 0.00 251
    2018-08-01 $92,500 (-5.8%) $119,485 (-3.0%) 0.00 268
    2018-09-01 $89,639 (-10.3%) $115,349 (-8.0%) 0.00 267
    2018-10-01 $87,708 (-12.2%) $114,343 (-8.1%) 0.00 269
    2018-11-01 $87,500 (-12.1%) $113,657 (-9.2%) 0.00 257
    2018-12-01 $88,998 (-11.9%) $115,419 (-10.4%) 0.00 240
    2019-01-01 $90,250 (-11.2%) $116,871 (-10.9%) 0.00 240
    2019-02-01 $92,500 (-11.9%) $120,011 (-8.8%) 0.00 229
    2019-03-01 $93,476 (-6.3%) $125,881 (-1.6%) 0.00 215
    2019-04-01 $94,666 (-4.9%) $129,083 (2.0%) 0.00 211
    2019-05-01 $96,938 (-2.3%) $134,296 (9.9%) 0.00 212
    2019-06-01 $101,300 (7.4%) $137,010 (16.1%) 0.00 213
    2019-07-01 $102,150 (8.5%) $136,374 (15.4%) 0.00 212
    2019-08-01 $103,413 (11.8%) $136,332 (14.1%) 0.00 211
    2019-09-01 $102,617 (14.5%) $137,103 (18.9%) 0.00 209
    2019-10-01 $102,086 (16.4%) $137,113 (19.9%) 0.00 204
    2019-11-01 $104,000 (18.9%) $134,316 (18.2%) 0.00 205
    2019-12-01 $98,750 (11.0%) $132,272 (14.6%) 0.00 208
    2020-01-01 $97,950 (8.5%) $133,212 (14.0%) 0.00 201
    2020-02-01 $95,900 (3.7%) $135,468 (12.9%) 0.00 191
    2020-03-01 $98,450 (5.3%) $141,423 (12.4%) 0.00 165
    2020-04-01 $100,800 (6.5%) $151,197 (17.1%) 0.00 159
    2020-05-01 $104,900 (8.2%) $150,466 (12.0%) 0.00 151
    2020-06-01 $111,000 (9.6%) $152,283 (11.2%) 0.00 152
    2020-07-01 $120,667 (18.1%) $159,238 (16.8%) 0.00 143
    2020-08-01 $119,777 (15.8%) $157,724 (15.7%) 0.00 115
    2020-09-01 $121,000 (17.9%) $160,035 (16.7%) 0.00 115
    2020-10-01 $129,000 (26.4%) $168,256 (22.7%) 0.00 102
    2020-11-01 $135,000 (29.8%) $176,615 (31.5%) 0.00 106
    2020-12-01 $133,950 (35.7%) $170,980 (29.3%) 0.00 108
    2021-01-01 $129,000 (31.7%) $167,613 (25.8%) 0.00 103
    2021-02-01 $109,500 (14.2%) $165,347 (22.1%) 0.00 92
    2021-03-01 $127,283 (29.3%) $173,346 (22.6%) 0.00 84
    2021-04-01 $124,333 (23.4%) $172,624 (14.2%) 0.00 79
    2021-05-01 $125,000 (19.2%) $176,866 (17.6%) 0.00 72
    2021-06-01 $136,225 (22.7%) $184,110 (20.9%) 0.00 81
    2021-07-01 $152,500 (26.4%) $190,803 (19.8%) 0.00 76
    2021-08-01 $147,450 (23.1%) $184,193 (16.8%) 0.00 84
    2021-09-01 $144,000 (19.0%) $182,518 (14.1%) 0.00 89
    2021-10-01 $130,000 (0.8%) $175,499 (4.3%) 0.00 81
    2021-11-01 $145,000 (7.4%) $174,922 (-1.0%) 0.00 74
    2021-12-01 $143,500 (7.1%) $176,470 (3.2%) 0.00 70
    2022-01-01 $140,777 (9.1%) $176,716 (5.4%) 0.00 67
    2022-02-01 $137,475 (25.6%) $168,597 (2.0%) 0.00 69
    2022-03-01 $140,777 (10.6%) $170,032 (-1.9%) 0.00 63
    2022-04-01 $139,900 (12.5%) $168,263 (-2.5%) 0.00 65
    2022-05-01 $137,000 (9.6%) $157,908 (-10.7%) 0.00 63
    2022-06-01 $149,000 (9.4%) $167,298 (-9.1%) 0.00 66
    2022-07-01 $164,217 (7.7%) $185,900 (-2.6%) 0.00 65
    2022-08-01 $169,875 (15.2%) $196,819 (6.9%) 0.00 70
    2022-09-01 $171,717 (19.3%) $196,244 (7.5%) 0.00 78
    2022-10-01 $149,900 (15.3%) $186,063 (6.0%) 0.00 70
    2022-11-01 $149,150 (2.9%) $179,597 (2.7%) 0.00 67
    2022-12-01 $139,900 (-2.5%) $168,355 (-4.6%) 0.00 60
    2023-01-01 $142,475 (1.2%) $173,064 (-2.1%) 0.00 57
    2023-02-01 $139,950 (1.8%) $172,971 (2.6%) 0.00 55
    2023-03-01 $142,925 (1.5%) $169,183 (-0.5%) 0.00 58
    2023-04-01 $154,500 (10.4%) $198,611 (18.0%) 0.00 66
    2023-05-01 $133,250 (-2.7%) $188,962 (19.7%) 0.00 57
    2023-06-01 $144,000 (-3.4%) $197,293 (17.9%) 0.00 56
    2023-07-01 $169,500 (3.2%) $185,675 (-0.1%) 0.00 62
    2023-08-01 $148,450 (-12.6%) $188,346 (-4.3%) 0.00 66
    2023-09-01 $135,000 (-21.4%) $187,012 (-4.7%) 0.00 69
    2023-10-01 $129,000 (-13.9%) $154,367 (-17.0%) 0.00 66
    2023-11-01 $129,000 (-13.5%) $155,847 (-13.2%) 0.00 64
    2023-12-01 $124,900 (-10.7%) $157,151 (-6.7%) 0.00 64
    2024-01-01 $125,892 (-11.6%) $159,042 (-8.1%) 0.00 59
    2024-02-01 $124,000 (-11.4%) $170,035 (-1.7%) 0.00 50
    2024-03-01 $164,000 (14.8%) $244,970 (44.8%) 0.00 48
    2024-04-01 $153,450 (-0.7%) $228,586 (15.1%) 0.00 47
    2024-05-01 $141,225 (6.0%) $204,374 (8.2%) 0.00 61
    2024-06-01 $144,950 (0.7%) $202,240 (2.5%) 0.00 66
    2024-07-01 $163,306 (-3.7%) $218,585 (17.7%) 0.00 73
    2024-08-01 $164,950 (11.1%) $211,759 (12.4%) 0.00 80
    2024-09-01 $163,500 (21.1%) $198,713 (6.3%) 0.00 86
    2024-10-01 $181,948 (41.0%) $207,331 (34.3%) 0.00 88
    2024-11-01 $169,000 (31.0%) $215,229 (38.1%) 0.00 96
    Big Stone Gap's median listing price for 2024-11-01 was $169,000, a difference of $40,000 (31.0%) versus the prior year and $-12,948 versus the prior month.

    Big Stone Gap's median listing price comes in at 0% of the national average.

    Big Stone Gap's average listing price for 2024-11-01 was $215,229, a difference of $59,382 (38.1%) versus the prior year and $7,898 versus the prior month.

    For the 2024-11-01 period, Big Stone Gap had 96 MLS listings, a difference of 8 listings (9%) versus the prior month and 32 listings (50%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Big Stone Gap (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,718 sqft
    2018-02-01 0 days 1,726 sqft
    2018-03-01 0 days 1,706 sqft
    2018-04-01 0 days 1,703 sqft
    2018-05-01 0 days 1,703 sqft
    2018-06-01 0 days 1,702 sqft
    2018-07-01 0 days 1,699 sqft
    2018-08-01 0 days 1,675 sqft
    2018-09-01 0 days 1,680 sqft
    2018-10-01 0 days 1,688 sqft
    2018-11-01 0 days 1,678 sqft
    2018-12-01 0 days 1,716 sqft
    2019-01-01 0 days 1,675 sqft
    2019-02-01 0 days 1,681 sqft
    2019-03-01 0 days 1,705 sqft
    2019-04-01 0 days 1,727 sqft
    2019-05-01 0 days 1,734 sqft
    2019-06-01 0 days 1,773 sqft
    2019-07-01 0 days 1,815 sqft
    2019-08-01 0 days 1,766 sqft
    2019-09-01 0 days 1,700 sqft
    2019-10-01 0 days 1,640 sqft
    2019-11-01 0 days 1,664 sqft
    2019-12-01 0 days 1,674 sqft
    2020-01-01 0 days 1,657 sqft
    2020-02-01 0 days 1,641 sqft
    2020-03-01 0 days 1,649 sqft
    2020-04-01 0 days 1,676 sqft
    2020-05-01 0 days 1,672 sqft
    2020-06-01 0 days 1,668 sqft
    2020-07-01 0 days 1,656 sqft
    2020-08-01 0 days 1,620 sqft
    2020-09-01 0 days 1,633 sqft
    2020-10-01 0 days 1,620 sqft
    2020-11-01 0 days 1,712 sqft
    2020-12-01 0 days 1,664 sqft
    2021-01-01 0 days 1,646 sqft
    2021-02-01 0 days 1,663 sqft
    2021-03-01 0 days 1,762 sqft
    2021-04-01 0 days 1,734 sqft
    2021-05-01 0 days 1,715 sqft
    2021-06-01 0 days 1,689 sqft
    2021-07-01 0 days 1,728 sqft
    2021-08-01 0 days 1,673 sqft
    2021-09-01 0 days 1,635 sqft
    2021-10-01 0 days 1,622 sqft
    2021-11-01 0 days 1,583 sqft
    2021-12-01 0 days 1,581 sqft
    2022-01-01 0 days 1,580 sqft
    2022-02-01 0 days 1,544 sqft
    2022-03-01 0 days 1,541 sqft
    2022-04-01 0 days 1,490 sqft
    2022-05-01 0 days 1,553 sqft
    2022-06-01 0 days 1,638 sqft
    2022-07-01 0 days 1,748 sqft
    2022-08-01 0 days 1,764 sqft
    2022-09-01 0 days 1,800 sqft
    2022-10-01 0 days 1,657 sqft
    2022-11-01 0 days 1,623 sqft
    2022-12-01 0 days 1,778 sqft
    2023-01-01 0 days 1,706 sqft
    2023-02-01 0 days 1,685 sqft
    2023-03-01 0 days 1,674 sqft
    2023-04-01 0 days 1,736 sqft
    2023-05-01 0 days 1,730 sqft
    2023-06-01 0 days 1,789 sqft
    2023-07-01 0 days 1,751 sqft
    2023-08-01 0 days 1,665 sqft
    2023-09-01 0 days 1,626 sqft
    2023-10-01 0 days 1,595 sqft
    2023-11-01 0 days 1,560 sqft
    2023-12-01 0 days 1,529 sqft
    2024-01-01 0 days 1,569 sqft
    2024-02-01 0 days 1,476 sqft
    2024-03-01 0 days 1,647 sqft
    2024-04-01 0 days 1,556 sqft
    2024-05-01 0 days 1,517 sqft
    2024-06-01 0 days 1,506 sqft
    2024-07-01 0 days 1,588 sqft
    2024-08-01 0 days 1,658 sqft
    2024-09-01 0 days 1,631 sqft
    2024-10-01 0 days 1,657 sqft
    2024-11-01 0 days 1,616 sqft
    Big Stone Gap's median listing age (time on market) for 2024-11-01 was 0 days.

    Big Stone Gap's median square footage for active listings during the 2024-11-01 period was 1,616 sqft. One year prior, the average listing was 1,560 sqft.