Bluefield USDA Loan Rates, Closing Costs & Stats

Bluefield, WV-VA

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 6.86% for the week of 2024-03-22, compared to the national average (all USDA variants) of 6.674% for the same period.

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

The average rate for the prior week (2024-03-15) was 6.89% and one month ago for the week of 2024-02-16, the average rate was 6.87%.

The average rate one year ago was 6.46%.

For refis of the same type during the week of 2024-03-22, the average rate was 6.67%.

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
Bluefield's median listing price for 2024-02-01 was $187,200, a difference of $8,200 (4.6%) versus the prior year and $4,950 versus the prior month.

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

Bluefield's average listing price for 2024-02-01 was $273,738, a difference of $-3,097 (-1.1%) versus the prior year and $-6,805 versus the prior month.

For the 2024-02-01 period, Bluefield had 161 MLS listings, a difference of -12 listings (-7%) versus the prior month and 35 listings (28%) 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 1,772 sqft
2024-02-01 0 days 1,783 sqft
Bluefield's median listing age (time on market) for 2024-02-01 was 0 days.

Bluefield's median square footage for active listings during the 2024-02-01 period was 1,783 sqft. One year prior, the average listing was 1,880 sqft.