Chambersburg USDA Loan Rates, Closing Costs & Stats

CHAMBERSBURG-WAYNESBORO, PA

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.

Chambersburg's 29 lenders originated 85 USDA loans during 2023. The total origination value was $17,715,000, with an average USDA loan value of $208,412.

Chambersburg USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Chambersburg averaged 6.41% for the week of 2024-06-07, compared to the national average (all USDA variants) of 6.699% for the same period.

Chambersburg's average USDA mortgage closing costs are $6,115.

The average rate for the prior week (2024-05-31) was 6.59% and one month ago for the week of 2024-05-03, the average rate was 6.68%.

The average rate one year ago was 6.28%.

For refis of the same type during the week of 2024-06-07, the average rate was 7.05%.

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

Chambersburg 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 Chambersburg level.

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
GUILD MORTGAGE COMPANY 12 6.35% $8,174
UNION HOME MORTGAGE CORP. 12 6.66% $8,640
Integrity Home Mortgage Corp 10 6.48% $11,109
Northpointe Bank 6 6.29% $6,369
CROSSCOUNTRY MORTGAGE, LLC 5 6.30% $7,798
T2 FINANCIAL LLC 5 6.20% $8,186
PATRIOT 4 5.75% $6,265
Farmers and Merchants Trust Company of Chambersburg 3 5.92% $6,943
FIRST HOME MORTGAGE CORPORATION 3 6.08% $10,167
HOMESPIRE MORTGAGE CORPORATION 3 6.63% $4,261
ABSOLUTE HOME MORTGAGE CORPORATION 2 7.13% $6,807
NVR Mortgage Finance, Inc. 2 5.81% $8,918
Prosperity Home Mortgage, LLC 1 5.99% $6,876
Shore United Bank 1 5.63% $11,875
Sierra Pacific Mortgage Company, Inc. 1 5.50% $16,419
THRIVE MORTGAGE, LLC 1 5.63% $10,156
Truist 1 5.50% $11,509
UNITED WHOLESALE MORTGAGE, LLC 1 5.38% $6,420
ACNB Bank 1 5.63% $7,981
BROKER SOLUTIONS, INC. 1 7.25% $7,991
Carrington Mortgage Services, LLC 1 6.63% $8,169
ENVOY MORTGAGE, LTD 1 6.00% $12,836
Keystone Funding, Inc. 1 6.25% $12,355
MILLENNIUM FINANCIAL GROUP, INC. 1 6.63% $7,539
Mortgage Research Center, LLC 1 7.25% $2,262
M&T Bank 1 6.75% $8,687
NEWREZ LLC 1 6.25% $10,547
Orrstown Bank 1 6.25% $5,866
Presidential Bank, FSB 1 6.38% $8,963

The top Chambersburg USDA lender as defined by loan originations is GUILD MORTGAGE COMPANY, with 12 USDA loans originated. Their average total fees are $8,174, which is $467 lower than the next largest lender, UNION HOME MORTGAGE CORP..

The lowest fee Chambersburg USDA lenders (with over 10 loans originated) are GUILD MORTGAGE COMPANY ($8,174), UNION HOME MORTGAGE CORP. ($8,640), Integrity Home Mortgage Corp ($11,109), .

The lowest rate Chambersburg USDA lenders (with over 10 loans originated) are GUILD MORTGAGE COMPANY (6.35%), Integrity Home Mortgage Corp (6.48%), UNION HOME MORTGAGE CORP. (6.66%), .


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Chambersburg (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 $202,490 (3.5%) $225,896 (4.0%) 0.75 601
2018-02-01 $199,945 (0.0%) $225,073 (0.6%) 0.73 580
2018-03-01 $204,900 (2.5%) $230,153 (1.2%) 0.72 604
2018-04-01 $199,900 (0.0%) $229,332 (0.7%) 0.68 663
2018-05-01 $204,700 (0.2%) $236,755 (1.7%) 0.68 678
2018-06-01 $206,990 (0.6%) $239,430 (1.9%) 0.69 690
2018-07-01 $202,450 (-2.4%) $241,770 (3.0%) 0.68 678
2018-08-01 $208,723 (-0.4%) $244,751 (2.6%) 0.70 684
2018-09-01 $213,445 (3.7%) $245,385 (4.4%) 0.72 655
2018-10-01 $209,923 (1.1%) $240,188 (1.3%) 0.71 653
2018-11-01 $204,950 (2.5%) $238,730 (4.0%) 0.69 628
2018-12-01 $202,990 (-0.9%) $243,382 (6.4%) 0.70 587
2019-01-01 $200,748 (-0.9%) $240,506 (6.5%) 0.69 565
2019-02-01 $214,900 (7.5%) $240,921 (7.0%) 0.73 552
2019-03-01 $214,243 (4.6%) $239,964 (4.3%) 0.70 550
2019-04-01 $219,950 (10.0%) $240,321 (4.8%) 0.70 533
2019-05-01 $224,900 (9.9%) $242,427 (2.4%) 0.70 546
2019-06-01 $219,900 (6.2%) $240,919 (0.6%) 0.69 551
2019-07-01 $219,900 (8.6%) $240,359 (-0.6%) 0.69 533
2019-08-01 $219,452 (5.1%) $239,133 (-2.3%) 0.69 523
2019-09-01 $218,630 (2.4%) $238,055 (-3.0%) 0.70 512
2019-10-01 $218,081 (3.9%) $237,337 (-1.2%) 0.70 509
2019-11-01 $217,000 (5.9%) $237,647 (-0.5%) 0.71 491
2019-12-01 $219,400 (8.1%) $241,698 (-0.7%) 0.73 440
2020-01-01 $222,675 (10.9%) $244,711 (1.8%) 0.74 405
2020-02-01 $225,495 (4.9%) $249,651 (3.6%) 0.74 394
2020-03-01 $226,400 (5.7%) $253,037 (5.5%) 0.71 379
2020-04-01 $229,925 (4.5%) $263,245 (9.5%) 0.72 343
2020-05-01 $229,900 (2.2%) $262,968 (8.5%) 0.70 355
2020-06-01 $230,173 (4.7%) $264,338 (9.7%) 0.68 328
2020-07-01 $239,225 (8.8%) $276,628 (15.1%) 0.69 284
2020-08-01 $239,900 (9.3%) $283,238 (18.4%) 0.69 234
2020-09-01 $234,975 (7.5%) $283,788 (19.2%) 0.67 205
2020-10-01 $224,900 (3.1%) $281,537 (18.6%) 0.64 213
2020-11-01 $229,900 (5.9%) $274,128 (15.4%) 0.67 199
2020-12-01 $228,200 (4.0%) $280,435 (16.0%) 0.68 158
2021-01-01 $245,000 (10.0%) $286,641 (17.1%) 0.73 138
2021-02-01 $244,900 (8.6%) $284,241 (13.9%) 0.71 131
2021-03-01 $243,725 (7.7%) $288,703 (14.1%) 0.69 125
2021-04-01 $241,850 (5.2%) $285,987 (8.6%) 0.65 148
2021-05-01 $249,550 (8.6%) $296,171 (12.6%) 0.66 146
2021-06-01 $243,550 (5.8%) $293,014 (10.9%) 0.64 183
2021-07-01 $247,000 (3.3%) $294,414 (6.4%) 0.65 226
2021-08-01 $232,450 (-3.1%) $290,887 (2.7%) 0.62 222
2021-09-01 $234,950 (0.0%) $281,414 (-0.8%) 0.63 230
2021-10-01 $239,950 (6.7%) $283,784 (0.8%) 0.64 216
2021-11-01 $241,250 (4.9%) $284,316 (3.7%) 0.64 193
2021-12-01 $258,745 (13.4%) $290,171 (3.5%) 0.70 178
2022-01-01 $270,895 (10.6%) $300,962 (5.0%) 0.73 168
2022-02-01 $269,900 (10.2%) $302,054 (6.3%) 0.70 155
2022-03-01 $287,375 (17.9%) $313,578 (8.6%) 0.72 143
2022-04-01 $314,999 (30.3%) $339,107 (18.6%) 0.75 154
2022-05-01 $317,350 (27.2%) $337,946 (14.1%) 0.73 175
2022-06-01 $325,000 (33.4%) $344,538 (17.6%) 0.72 187
2022-07-01 $329,950 (33.6%) $344,415 (17.0%) 0.74 199
2022-08-01 $303,125 (30.4%) $335,588 (15.4%) 0.70 224
2022-09-01 $299,450 (27.5%) $332,600 (18.2%) 0.70 233
2022-10-01 $289,900 (20.8%) $352,303 (24.1%) 0.68 239
2022-11-01 $293,695 (21.7%) $353,058 (24.2%) 0.71 258
2022-12-01 $289,900 (12.0%) $352,258 (21.4%) 0.72 228
2023-01-01 $298,250 (10.1%) $376,553 (25.1%) 0.74 197
2023-02-01 $310,245 (15.0%) $392,537 (30.0%) 0.75 169
2023-03-01 $311,495 (8.4%) $400,828 (27.8%) 0.73 153
2023-04-01 $324,900 (3.1%) $408,313 (20.4%) 0.76 174
2023-05-01 $302,675 (-4.6%) $395,969 (17.2%) 0.69 176
2023-06-01 $312,923 (-3.7%) $395,667 (14.8%) 0.70 187
2023-07-01 $310,990 (-5.8%) $392,409 (13.9%) 0.71 196
2023-08-01 $325,750 (7.5%) $395,769 (17.9%) 0.75 193
2023-09-01 $325,000 (8.5%) $394,280 (18.6%) 0.76 207
2023-10-01 $335,108 (15.6%) $373,087 (5.9%) 0.79 219
2023-11-01 $317,675 (8.2%) $351,675 (-0.4%) 0.76 229
2023-12-01 $300,000 (3.5%) $348,178 (-1.2%) 0.73 200
2024-01-01 $312,500 (4.8%) $352,978 (-6.3%) 0.76 193
2024-02-01 $318,950 (2.8%) $358,262 (-8.7%) 0.77 180
2024-03-01 $315,000 (1.1%) $353,718 (-11.8%) 0.74 179
2024-04-01 $317,445 (-2.3%) $359,233 (-12.0%) 0.74 180
2024-05-01 $324,723 (7.3%) $366,686 (-7.4%) 0.73 193
Chambersburg's median listing price for 2024-05-01 was $324,723, a difference of $22,048 (7.3%) versus the prior year and $7,278 versus the prior month.

Chambersburg's median listing price comes in at 73% of the national average.

Chambersburg's average listing price for 2024-05-01 was $366,686, a difference of $-29,283 (-7.4%) versus the prior year and $7,453 versus the prior month.

For the 2024-05-01 period, Chambersburg had 193 MLS listings, a difference of 13 listings (7%) versus the prior month and 17 listings (10%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Chambersburg (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 90 days 1,902 sqft
2018-02-01 97 days 1,875 sqft
2018-03-01 67 days 1,854 sqft
2018-04-01 52 days 1,800 sqft
2018-05-01 59 days 1,862 sqft
2018-06-01 64 days 1,958 sqft
2018-07-01 71 days 1,991 sqft
2018-08-01 72 days 2,005 sqft
2018-09-01 73 days 2,067 sqft
2018-10-01 68 days 2,000 sqft
2018-11-01 71 days 1,956 sqft
2018-12-01 81 days 1,928 sqft
2019-01-01 89 days 1,918 sqft
2019-02-01 91 days 1,916 sqft
2019-03-01 74 days 1,920 sqft
2019-04-01 55 days 1,931 sqft
2019-05-01 56 days 2,000 sqft
2019-06-01 59 days 2,000 sqft
2019-07-01 65 days 1,988 sqft
2019-08-01 66 days 1,990 sqft
2019-09-01 66 days 1,988 sqft
2019-10-01 65 days 1,986 sqft
2019-11-01 68 days 2,000 sqft
2019-12-01 78 days 2,037 sqft
2020-01-01 83 days 2,043 sqft
2020-02-01 77 days 2,076 sqft
2020-03-01 56 days 2,027 sqft
2020-04-01 69 days 2,067 sqft
2020-05-01 80 days 2,046 sqft
2020-06-01 64 days 1,976 sqft
2020-07-01 40 days 1,978 sqft
2020-08-01 38 days 2,000 sqft
2020-09-01 36 days 1,980 sqft
2020-10-01 48 days 1,971 sqft
2020-11-01 50 days 1,931 sqft
2020-12-01 56 days 1,865 sqft
2021-01-01 59 days 1,906 sqft
2021-02-01 51 days 1,919 sqft
2021-03-01 44 days 1,972 sqft
2021-04-01 30 days 1,919 sqft
2021-05-01 33 days 1,950 sqft
2021-06-01 38 days 1,855 sqft
2021-07-01 38 days 1,871 sqft
2021-08-01 41 days 1,842 sqft
2021-09-01 41 days 1,761 sqft
2021-10-01 44 days 1,750 sqft
2021-11-01 45 days 1,744 sqft
2021-12-01 52 days 1,759 sqft
2022-01-01 65 days 1,772 sqft
2022-02-01 65 days 1,729 sqft
2022-03-01 51 days 1,771 sqft
2022-04-01 37 days 1,840 sqft
2022-05-01 39 days 1,954 sqft
2022-06-01 42 days 1,914 sqft
2022-07-01 45 days 1,954 sqft
2022-08-01 44 days 1,927 sqft
2022-09-01 48 days 1,969 sqft
2022-10-01 46 days 1,914 sqft
2022-11-01 47 days 1,863 sqft
2022-12-01 54 days 1,822 sqft
2023-01-01 73 days 1,892 sqft
2023-02-01 70 days 1,887 sqft
2023-03-01 44 days 1,903 sqft
2023-04-01 31 days 1,950 sqft
2023-05-01 33 days 1,930 sqft
2023-06-01 40 days 1,924 sqft
2023-07-01 35 days 1,972 sqft
2023-08-01 33 days 1,945 sqft
2023-09-01 37 days 1,943 sqft
2023-10-01 43 days 1,922 sqft
2023-11-01 48 days 1,903 sqft
2023-12-01 56 days 1,900 sqft
2024-01-01 54 days 1,902 sqft
2024-02-01 42 days 1,900 sqft
2024-03-01 33 days 1,900 sqft
2024-04-01 35 days 1,882 sqft
2024-05-01 30 days 1,958 sqft
Chambersburg's median listing age (time on market) for 2024-05-01 was 30 days. This is -7% shorter than the same period one year ago.

Chambersburg's median square footage for active listings during the 2024-05-01 period was 1,958 sqft. One year prior, the average listing was 1,930 sqft.