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 6.3% for the week of 2024-10-25, compared to the national average (all USDA variants) of 6.29% for the same period.

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

The average rate for the prior week (2024-10-18) was 6.18% and one month ago for the week of 2024-09-20, the average rate was 5.9%.

The average rate one year ago was 7.12%.

For refis of the same type during the week of 2024-10-25, the average rate was 6.94%.

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%), .