Bluefield USDA Loan Rates, Closing Costs & Stats

Bluefield, WV-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.

    Bluefield's 18 lenders originated 115 USDA loans during 2023. The total origination value was $15,285,000, with an average USDA loan value of $132,913.

    Bluefield USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Bluefield averaged 6.57% for the week of 2024-11-08, compared to the national average (all USDA variants) of 6.477% for the same period.

    Bluefield's average USDA mortgage closing costs are $5,039.

    The average rate for the prior week (2024-11-01) was 6.44% and one month ago for the week of 2024-10-04, the average rate was 6.06%.

    The average rate one year ago was 7.3%.

    For refis of the same type during the week of 2024-11-08, the average rate was 6.58%.

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

    Bluefield 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 Bluefield level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Atlantic Union Bank 54 6.73% $5,684
    MOVEMENT MORTGAGE, LLC 23 6.59% $7,130
    CARDINAL FINANCIAL 8 6.27% $5,001
    Alcova Mortgage LLC 6 6.77% $5,114
    Renasant Bank 4 6.91% $4,463
    Truist 3 5.88% $5,230
    PRIMELENDING, A PLAINSCAPITAL COMPANY 2 6.75% $8,474
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 2 7.00% $7,394
    U.S. Bank 2 7.25% $3,873
    Waterstone Mortgage Corporation 1 6.50% $8,296
    AMERICAN FINANCIAL RESOURCES, INC. 1 6.13% $6,291
    BROKER SOLUTIONS, INC. 1 6.75% $10,212
    CROSSCOUNTRY MORTGAGE, LLC 1 7.25% $6,727
    First Heritage Mortgage, LLC 1 6.88% $4,355
    First Reliance Bank 1 5.63% $4,486
    GENEVA FINANCIAL, LLC 1 6.88% $7,675
    Mortgage Research Center, LLC 1 6.25% $3,292
    Prosperity Home Mortgage, LLC 1 6.49% $4,773

    The top Bluefield USDA lender as defined by loan originations is Atlantic Union Bank, with 54 USDA loans originated. Their average total fees are $5,684, which is $1,446 lower than the next largest lender, MOVEMENT MORTGAGE, LLC.

    The lowest fee Bluefield USDA lenders (with over 10 loans originated) are Atlantic Union Bank ($5,684), MOVEMENT MORTGAGE, LLC ($7,130), .

    The lowest rate Bluefield USDA lenders (with over 10 loans originated) are MOVEMENT MORTGAGE, LLC (6.59%), Atlantic Union Bank (6.73%), .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Bluefield (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 $125,450 (0.4%) $172,533 (2.4%) 0.00 527
    2018-02-01 $125,000 (0.0%) $175,334 (3.6%) 0.00 520
    2018-03-01 $119,900 (-5.3%) $175,080 (-1.1%) 0.00 520
    2018-04-01 $126,450 (-2.0%) $178,841 (2.5%) 0.00 505
    2018-05-01 $126,450 (1.2%) $179,328 (5.8%) 0.00 533
    2018-06-01 $125,000 (0.2%) $182,949 (7.1%) 0.00 557
    2018-07-01 $126,175 (1.0%) $183,293 (6.1%) 0.00 580
    2018-08-01 $129,900 (4.0%) $183,318 (6.9%) 0.00 590
    2018-09-01 $139,900 (11.9%) $191,656 (10.4%) 0.00 586
    2018-10-01 $134,925 (8.0%) $188,518 (8.1%) 0.00 587
    2018-11-01 $136,750 (9.4%) $190,871 (9.5%) 0.00 543
    2018-12-01 $134,700 (7.8%) $192,393 (11.5%) 0.00 517
    2019-01-01 $129,950 (3.6%) $189,182 (9.7%) 0.00 482
    2019-02-01 $129,900 (3.9%) $186,294 (6.3%) 0.00 464
    2019-03-01 $132,064 (10.2%) $173,460 (-0.9%) 0.00 483
    2019-04-01 $132,614 (4.9%) $171,027 (-4.4%) 0.00 507
    2019-05-01 $129,974 (2.8%) $170,116 (-5.1%) 0.00 527
    2019-06-01 $130,000 (4.0%) $172,622 (-5.6%) 0.00 552
    2019-07-01 $132,250 (4.8%) $171,308 (-6.5%) 0.00 582
    2019-08-01 $135,591 (4.4%) $173,401 (-5.4%) 0.00 578
    2019-09-01 $137,227 (-1.9%) $176,392 (-8.0%) 0.00 559
    2019-10-01 $138,318 (2.5%) $178,387 (-5.4%) 0.00 540
    2019-11-01 $135,000 (-1.3%) $184,580 (-3.3%) 0.00 505
    2019-12-01 $131,225 (-2.6%) $183,743 (-4.5%) 0.00 461
    2020-01-01 $129,900 (0.0%) $182,112 (-3.7%) 0.00 438
    2020-02-01 $130,000 (0.1%) $185,507 (-0.4%) 0.00 437
    2020-03-01 $134,725 (2.0%) $190,798 (10.0%) 0.00 419
    2020-04-01 $135,000 (1.8%) $196,505 (14.9%) 0.00 403
    2020-05-01 $135,900 (4.6%) $201,865 (18.7%) 0.00 365
    2020-06-01 $139,925 (7.6%) $201,086 (16.5%) 0.00 348
    2020-07-01 $137,925 (4.3%) $209,607 (22.4%) 0.00 327
    2020-08-01 $145,000 (6.9%) $232,560 (34.1%) 0.00 299
    2020-09-01 $149,900 (9.2%) $241,094 (36.7%) 0.00 293
    2020-10-01 $152,250 (10.1%) $243,856 (36.7%) 0.00 306
    2020-11-01 $149,900 (11.0%) $229,978 (24.6%) 0.00 303
    2020-12-01 $148,250 (13.0%) $214,580 (16.8%) 0.00 285
    2021-01-01 $149,900 (15.4%) $220,386 (21.0%) 0.00 260
    2021-02-01 $152,225 (17.1%) $219,133 (18.1%) 0.00 235
    2021-03-01 $152,450 (13.2%) $220,941 (15.8%) 0.00 213
    2021-04-01 $157,450 (16.6%) $231,492 (17.8%) 0.00 201
    2021-05-01 $142,900 (5.2%) $240,173 (19.0%) 0.00 203
    2021-06-01 $139,450 (-0.3%) $246,183 (22.4%) 0.00 185
    2021-07-01 $139,900 (1.4%) $245,197 (17.0%) 0.00 194
    2021-08-01 $139,675 (-3.7%) $241,208 (3.7%) 0.00 195
    2021-09-01 $139,000 (-7.3%) $238,502 (-1.1%) 0.00 190
    2021-10-01 $134,950 (-11.4%) $222,296 (-8.8%) 0.00 188
    2021-11-01 $139,900 (-6.7%) $232,497 (1.1%) 0.00 173
    2021-12-01 $139,900 (-5.6%) $235,655 (9.8%) 0.00 158
    2022-01-01 $139,950 (-6.6%) $234,570 (6.4%) 0.00 143
    2022-02-01 $148,750 (-2.3%) $247,907 (13.1%) 0.00 128
    2022-03-01 $149,200 (-2.1%) $255,896 (15.8%) 0.00 112
    2022-04-01 $149,900 (-4.8%) $267,162 (15.4%) 0.00 116
    2022-05-01 $153,450 (7.4%) $260,756 (8.6%) 0.00 133
    2022-06-01 $151,950 (9.0%) $257,260 (4.5%) 0.00 140
    2022-07-01 $149,450 (6.8%) $258,847 (5.6%) 0.00 160
    2022-08-01 $154,925 (10.9%) $256,924 (6.5%) 0.00 167
    2022-09-01 $164,000 (18.0%) $263,894 (10.7%) 0.00 165
    2022-10-01 $169,450 (25.6%) $262,105 (17.9%) 0.00 161
    2022-11-01 $159,000 (13.7%) $244,564 (5.2%) 0.00 158
    2022-12-01 $169,000 (20.8%) $269,742 (14.5%) 0.00 162
    2023-01-01 $168,000 (20.0%) $273,081 (16.4%) 0.00 141
    2023-02-01 $179,000 (20.3%) $276,835 (11.7%) 0.00 126
    2023-03-01 $151,175 (1.3%) $264,578 (3.4%) 0.00 117
    2023-04-01 $171,000 (14.1%) $266,135 (-0.4%) 0.00 110
    2023-05-01 $188,450 (22.8%) $293,399 (12.5%) 0.00 99
    2023-06-01 $182,200 (19.9%) $286,497 (11.4%) 0.00 119
    2023-07-01 $179,000 (19.8%) $288,664 (11.5%) 0.00 156
    2023-08-01 $179,700 (16.0%) $307,661 (19.8%) 0.00 180
    2023-09-01 $179,900 (9.7%) $336,461 (27.5%) 0.00 180
    2023-10-01 $176,450 (4.1%) $348,363 (32.9%) 0.00 182
    2023-11-01 $179,900 (13.1%) $312,002 (27.6%) 0.00 177
    2023-12-01 $193,750 (14.6%) $324,466 (20.3%) 0.00 167
    2024-01-01 $182,250 (8.5%) $280,543 (2.7%) 0.00 173
    2024-02-01 $187,200 (4.6%) $273,738 (-1.1%) 0.00 161
    2024-03-01 $196,500 (30.0%) $293,897 (11.1%) 0.00 161
    2024-04-01 $196,225 (14.8%) $303,884 (14.2%) 0.00 166
    2024-05-01 $193,750 (2.8%) $309,581 (5.5%) 0.00 157
    2024-06-01 $192,500 (5.7%) $331,906 (15.9%) 0.00 169
    2024-07-01 $199,900 (11.7%) $335,678 (16.3%) 0.00 185
    2024-08-01 $175,000 (-2.6%) $322,176 (4.7%) 0.00 207
    2024-09-01 $179,450 (-0.3%) $307,975 (-8.5%) 0.00 201
    2024-10-01 $178,900 (1.4%) $288,553 (-17.2%) 0.00 206
    Bluefield's median listing price for 2024-10-01 was $178,900, a difference of $2,450 (1.4%) versus the prior year and $-550 versus the prior month.

    Bluefield's median listing price comes in at 0% of the national average.

    Bluefield's average listing price for 2024-10-01 was $288,553, a difference of $-59,810 (-17.2%) versus the prior year and $-19,422 versus the prior month.

    For the 2024-10-01 period, Bluefield had 206 MLS listings, a difference of 5 listings (2%) versus the prior month and 24 listings (13%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Bluefield (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,654 sqft
    2018-02-01 0 days 1,647 sqft
    2018-03-01 0 days 1,648 sqft
    2018-04-01 0 days 1,657 sqft
    2018-05-01 0 days 1,665 sqft
    2018-06-01 0 days 1,680 sqft
    2018-07-01 0 days 1,677 sqft
    2018-08-01 0 days 1,680 sqft
    2018-09-01 0 days 1,727 sqft
    2018-10-01 0 days 1,697 sqft
    2018-11-01 0 days 1,680 sqft
    2018-12-01 0 days 1,656 sqft
    2019-01-01 0 days 1,655 sqft
    2019-02-01 0 days 1,673 sqft
    2019-03-01 0 days 1,658 sqft
    2019-04-01 0 days 1,653 sqft
    2019-05-01 0 days 1,663 sqft
    2019-06-01 0 days 1,668 sqft
    2019-07-01 0 days 1,686 sqft
    2019-08-01 0 days 1,700 sqft
    2019-09-01 0 days 1,700 sqft
    2019-10-01 0 days 1,700 sqft
    2019-11-01 0 days 1,687 sqft
    2019-12-01 0 days 1,639 sqft
    2020-01-01 0 days 1,658 sqft
    2020-02-01 0 days 1,670 sqft
    2020-03-01 0 days 1,692 sqft
    2020-04-01 0 days 1,702 sqft
    2020-05-01 0 days 1,749 sqft
    2020-06-01 0 days 1,745 sqft
    2020-07-01 0 days 1,740 sqft
    2020-08-01 0 days 1,788 sqft
    2020-09-01 0 days 1,820 sqft
    2020-10-01 0 days 1,805 sqft
    2020-11-01 0 days 1,768 sqft
    2020-12-01 0 days 1,791 sqft
    2021-01-01 0 days 1,816 sqft
    2021-02-01 0 days 1,813 sqft
    2021-03-01 0 days 1,853 sqft
    2021-04-01 0 days 1,837 sqft
    2021-05-01 0 days 1,800 sqft
    2021-06-01 0 days 1,712 sqft
    2021-07-01 0 days 1,728 sqft
    2021-08-01 0 days 1,721 sqft
    2021-09-01 0 days 1,755 sqft
    2021-10-01 0 days 1,598 sqft
    2021-11-01 0 days 1,744 sqft
    2021-12-01 0 days 1,720 sqft
    2022-01-01 0 days 1,648 sqft
    2022-02-01 0 days 1,744 sqft
    2022-03-01 0 days 1,814 sqft
    2022-04-01 0 days 1,779 sqft
    2022-05-01 0 days 1,801 sqft
    2022-06-01 0 days 1,761 sqft
    2022-07-01 0 days 1,716 sqft
    2022-08-01 0 days 1,771 sqft
    2022-09-01 0 days 1,761 sqft
    2022-10-01 0 days 1,824 sqft
    2022-11-01 0 days 1,796 sqft
    2022-12-01 0 days 1,873 sqft
    2023-01-01 0 days 1,822 sqft
    2023-02-01 0 days 1,880 sqft
    2023-03-01 0 days 1,716 sqft
    2023-04-01 0 days 1,751 sqft
    2023-05-01 0 days 2,005 sqft
    2023-06-01 0 days 2,010 sqft
    2023-07-01 0 days 1,910 sqft
    2023-08-01 0 days 1,954 sqft
    2023-09-01 0 days 1,947 sqft
    2023-10-01 0 days 1,870 sqft
    2023-11-01 0 days 1,872 sqft
    2023-12-01 0 days 1,900 sqft
    2024-01-01 0 days 1,774 sqft
    2024-02-01 0 days 1,783 sqft
    2024-03-01 0 days 1,875 sqft
    2024-04-01 0 days 1,917 sqft
    2024-05-01 0 days 2,008 sqft
    2024-06-01 0 days 1,875 sqft
    2024-07-01 0 days 1,851 sqft
    2024-08-01 0 days 1,743 sqft
    2024-09-01 0 days 1,766 sqft
    2024-10-01 0 days 1,660 sqft
    Bluefield's median listing age (time on market) for 2024-10-01 was 0 days.

    Bluefield's median square footage for active listings during the 2024-10-01 period was 1,660 sqft. One year prior, the average listing was 1,870 sqft.