Chambersburg USDA Loans

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 54 lenders originated 364 USDA loans during 2021. The total origination value was $68,380,000, with an average USDA loan value of $187,857.

Chambersburg USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Chambersburg averaged 5.23% for the week of 2022-05-20, compared to the national average (all USDA variants) of 5.315% for the same period.

The average rate for the prior week (2022-05-13) was 5.21% and one month ago for the week of 2022-04-15, the average rate was 4.71%.

The average rate one year ago was 3.06%.

For refis of the same type during the week of 2022-05-20, the average rate was 5.02%.

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 and rates for USDA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Chambersburg level.

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
Integrity Home Mortgage Corp 52 2.89% $6,742
CROSSCOUNTRY MORTGAGE, LLC 50 3.02% $6,210
UNION HOME MORTGAGE CORP. 44 2.63% $6,907
Northpointe Bank 39 2.63% $5,968
RESIDENTIAL MORTGAGE SERVICES, INC. 29 2.91% $5,785
PATRIOT 23 2.38% $5,350
Farmers and Merchants Trust Company of Chambersburg 9 2.47% $4,895
FIRST HOME MORTGAGE CORPORATION 8 3.11% $6,622
PRIMELENDING, A PLAINSCAPITAL COMPANY 7 3.11% $6,585
HOMESPIRE MORTGAGE CORPORATION 7 3.00% $6,479
GUILD MORTGAGE COMPANY 6 3.17% $6,262
CBM Mortgage, Inc. 5 3.05% $6,656
Plains Commerce Bank 5 3.08% $5,170
TIDEWATER MORTGAGE SERVICES, INC. 5 2.93% $6,230
DHI MORTGAGE COMPANY, LTD. 4 2.50% $6,610
Fulton Bank 4 2.78% $5,700
George Mason Mortgage, LLC 4 2.91% $6,242
Atlantic Union Bank 4 2.97% $6,327
MILLENNIUM FINANCIAL GROUP, INC. 4 3.22% $6,586
Orrstown Bank 4 2.97% $5,885
Sierra Pacific Mortgage Company, Inc. 4 2.72% $8,312
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 3 3.00% $7,323
Homesale Mortgage, LLC 3 2.88% $6,129
MCLEAN MORTGAGE CORPORATION 3 2.67% $6,003
BAY CAPITAL MORTGAGE CORPORATION 2 2.63% $5,564
Presidential Bank, FSB 2 3.00% $7,036
NEWREZ LLC 2 2.63% $6,195
T2 FINANCIAL LLC 2 2.81% $5,751
Keystone Funding, Inc. 2 2.81% $6,772
Truist Bank 2 2.75% $6,614
HOME POINT FINANCIAL CORPORATION 2 2.94% $4,473
CNB Bank Inc. 2 2.56% $5,506
Flagstar Bank, FSB 1 2.75% $3,777
Network Funding, L.P. 1 2.75% $5,223
NFM, INC. 1 3.38% $7,502
FINANCE OF AMERICA MORTGAGE LLC 1 2.88% $6,554
OCEANSIDE MORTGAGE COMPANY 1 3.00% $1,622
1ST PREFERENCE MORTGAGE CORP. 1 4.13% $5,822
EMM LOANS LLC 1 2.63% $6,513
PRIMARY RESIDENTIAL MORTGAGE, INC. 1 3.50% $6,678
C & F Mortgage Corporation 1 3.50% $6,191
CALIBER HOME LOANS, INC. 1 3.25% $7,099
SOUTHERN TRUST MORTGAGE, LLC 1 2.75% $11,898
SUN WEST MORTGAGE COMPANY, INC. 1 2.75% $4,887
ACNB Bank 1 2.50% $5,863
ACADEMY MORTGAGE CORPORATION 1 3.50% $5,219
HomePromise Corporation 1 2.88% $8,025
GUARANTEED RATE, INC. 1 2.75% $5,953
GUARANTEED RATE AFFINITY, LLC 1 3.00% $5,981
InterContinental Capital Group, Inc 1 2.75% $7,546
LOANDEPOT.COM, LLC 1 2.88% $8,143
Manufacturers and Traders Trust Company 1 3.25% $6,195
U.S. Bank 1 2.63% $6,973
Meridian Bank Corporation 1 3.13% $8,073

The top Chambersburg USDA lender as defined by loan originations is Integrity Home Mortgage Corp, with 52 USDA loans originated. Their average total fees are $6,742, which is $531 higher than the next largest lender, CROSSCOUNTRY MORTGAGE, LLC.

The lowest fee Chambersburg USDA lenders (with over 10 loans originated) are PATRIOT ($5,350), RESIDENTIAL MORTGAGE SERVICES, INC. ($5,785), Northpointe Bank ($5,968), CROSSCOUNTRY MORTGAGE, LLC ($6,210) and Integrity Home Mortgage Corp ($6,742).

The lowest rate Chambersburg USDA lenders (with over 10 loans originated) are PATRIOT (2.38%), UNION HOME MORTGAGE CORP. (2.63%), Northpointe Bank (2.63%), Integrity Home Mortgage Corp (2.89%) and RESIDENTIAL MORTGAGE SERVICES, INC. (2.91%).