Chambersburg USDA Loan Rates, Closing Costs & Stats

CHAMBERSBURG-WAYNESBORO, PA

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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.

    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 6.77% for the week of 2024-04-19, compared to the national average (all USDA variants) of 6.863% for the same period.

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

    The average rate for the prior week (2024-04-12) was 6.72% and one month ago for the week of 2024-03-15, the average rate was 6.51%.

    The average rate one year ago was 5.95%.

    For refis of the same type during the week of 2024-04-19, the average rate was 7.32%.

    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
    Chambersburg's median listing price for 2024-03-01 was $315,000, a difference of $3,505 (1.1%) versus the prior year and $-3,950 versus the prior month.

    Chambersburg's median listing price comes in at 74% of the national average.

    Chambersburg's average listing price for 2024-03-01 was $353,718, a difference of $-47,110 (-11.8%) versus the prior year and $-4,544 versus the prior month.

    For the 2024-03-01 period, Chambersburg had 179 MLS listings, a difference of -1 listings (-1%) versus the prior month and 26 listings (17%) 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
    Chambersburg's median listing age (time on market) for 2024-03-01 was 33 days. This is -27% shorter than the same period one year ago.

    Chambersburg's median square footage for active listings during the 2024-03-01 period was 1,900 sqft. One year prior, the average listing was 1,903 sqft.