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 6.64% for the week of 2024-07-19, compared to the national average (all USDA variants) of 6.628% for the same period.

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

    The average rate for the prior week (2024-07-12) was 6.56% and one month ago for the week of 2024-06-14, the average rate was 6.49%.

    The average rate one year ago was 6.65%.

    For refis of the same type during the week of 2024-07-19, the average rate was 7.28%.

    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%), .