Cumberland USDA Loan Rates, Closing Costs & Stats

CUMBERLAND, MD-WV

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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.

    Cumberland's 14 lenders originated 71 USDA loans during 2024. The total origination value was $10,525,000, with an average USDA loan value of $148,239.

    Cumberland USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Cumberland averaged 6.61% for the week of 2025-07-11, compared to the national average (all USDA variants) of 6.449% for the same period.

    Cumberland's average USDA mortgage closing costs are $4,050.

    The average rate for the prior week (2025-07-04) was 6.62% and one month ago for the week of 2025-06-06, the average rate was 6.81%.

    The average rate one year ago was 6.8%.

    For refis of the same type during the week of 2025-07-11, the average rate was 7.12%.

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

    Cumberland 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 Cumberland level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Alcova Mortgage LLC 36 6.99% $3,113
    C & F Mortgage Corporation 12 6.56% $5,614
    FIRST COLONY MORTGAGE CORPORATION 6 6.35% $5,986
    MILLENNIUM FINANCIAL GROUP, INC. 3 6.25% $5,275
    BROKER SOLUTIONS, INC. 2 7.25% $5,426
    TIDEWATER MORTGAGE SERVICES, INC. 2 6.81% $5,660
    PLANET HOME LENDING, LLC 1 6.75% $5,751
    Acre Mortgage and Financial Inc 1 7.13% $6,918
    UNION HOME MORTGAGE CORP. 1 5.50% $5,732
    CROSSCOUNTRY MORTGAGE, LLC 1 5.44% $8,336
    GSF Mortgage Corporation 1 6.63% $6,602
    GUILD MORTGAGE COMPANY 1 6.38% $5,899
    HOMEBRIDGE FINANCIAL SERVICES, INC. 1 6.25% $6,656
    MOVEMENT MORTGAGE, LLC 1 5.64% $5,356

    The top Cumberland USDA lender as defined by loan originations is Alcova Mortgage LLC, with 36 USDA loans originated. Their average total fees are $3,113, which is $2,501 lower than the next largest lender, C & F Mortgage Corporation.

    The lowest fee Cumberland USDA lenders (with over 10 loans originated) are Alcova Mortgage LLC ($3,113), C & F Mortgage Corporation ($5,614), .

    The lowest rate Cumberland USDA lenders (with over 10 loans originated) are C & F Mortgage Corporation (6.56%), Alcova Mortgage LLC (6.99%), .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Cumberland (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 $115,000 (5.0%) $140,808 (2.2%) 0.00 457
    2018-02-01 $117,025 (6.7%) $144,339 (4.6%) 0.00 439
    2018-03-01 $115,900 (6.6%) $143,756 (6.3%) 0.00 444
    2018-04-01 $116,900 (11.4%) $137,791 (2.5%) 0.00 478
    2018-05-01 $117,825 (7.4%) $141,826 (2.6%) 0.00 494
    2018-06-01 $119,000 (8.2%) $142,937 (2.5%) 0.00 511
    2018-07-01 $118,725 (6.1%) $141,257 (0.7%) 0.00 520
    2018-08-01 $119,900 (7.6%) $144,457 (4.6%) 0.00 524
    2018-09-01 $119,900 (7.2%) $143,413 (1.3%) 0.00 546
    2018-10-01 $117,950 (2.6%) $144,221 (0.5%) 0.00 541
    2018-11-01 $115,000 (0.9%) $144,976 (1.8%) 0.00 549
    2018-12-01 $114,999 (4.5%) $142,907 (3.0%) 0.00 541
    2019-01-01 $114,000 (-0.9%) $142,267 (1.0%) 0.00 474
    2019-02-01 $117,000 (0.0%) $143,227 (-0.8%) 0.00 443
    2019-03-01 $116,911 (0.9%) $141,958 (-1.3%) 0.00 443
    2019-04-01 $111,463 (-4.7%) $138,501 (0.5%) 0.00 445
    2019-05-01 $113,613 (-3.6%) $141,637 (-0.1%) 0.00 459
    2019-06-01 $119,000 (0.0%) $145,665 (1.9%) 0.00 471
    2019-07-01 $119,900 (1.0%) $145,564 (3.1%) 0.00 477
    2019-08-01 $121,291 (1.2%) $148,654 (2.9%) 0.00 456
    2019-09-01 $123,377 (2.9%) $152,672 (6.5%) 0.00 436
    2019-10-01 $124,950 (5.9%) $155,328 (7.7%) 0.00 422
    2019-11-01 $119,000 (3.5%) $151,450 (4.5%) 0.00 422
    2019-12-01 $115,925 (0.8%) $144,962 (1.4%) 0.00 408
    2020-01-01 $109,925 (-3.6%) $151,103 (6.2%) 0.00 376
    2020-02-01 $109,000 (-6.8%) $161,394 (12.7%) 0.00 345
    2020-03-01 $114,900 (-1.7%) $166,484 (17.3%) 0.00 333
    2020-04-01 $108,200 (-2.9%) $166,713 (20.4%) 0.00 320
    2020-05-01 $109,900 (-3.3%) $166,388 (17.5%) 0.00 296
    2020-06-01 $118,500 (-0.4%) $179,791 (23.4%) 0.00 275
    2020-07-01 $122,400 (2.1%) $186,848 (28.4%) 0.00 252
    2020-08-01 $119,000 (-1.9%) $201,270 (35.4%) 0.00 250
    2020-09-01 $124,450 (0.9%) $205,774 (34.8%) 0.00 245
    2020-10-01 $124,900 (0.0%) $195,332 (25.8%) 0.00 250
    2020-11-01 $124,925 (5.0%) $191,172 (26.2%) 0.00 245
    2020-12-01 $123,425 (6.5%) $199,902 (37.9%) 0.00 219
    2021-01-01 $124,700 (13.4%) $211,183 (39.8%) 0.00 187
    2021-02-01 $126,000 (15.6%) $232,310 (43.9%) 0.00 160
    2021-03-01 $129,000 (12.3%) $234,917 (41.1%) 0.00 146
    2021-04-01 $138,575 (28.1%) $246,988 (48.2%) 0.00 136
    2021-05-01 $132,000 (20.1%) $246,471 (48.1%) 0.00 139
    2021-06-01 $144,225 (21.7%) $255,159 (41.9%) 0.00 143
    2021-07-01 $135,000 (10.3%) $243,985 (30.6%) 0.00 167
    2021-08-01 $130,450 (9.6%) $229,653 (14.1%) 0.00 192
    2021-09-01 $127,950 (2.8%) $222,979 (8.4%) 0.00 198
    2021-10-01 $129,900 (4.0%) $217,823 (11.5%) 0.00 185
    2021-11-01 $124,900 (0.0%) $213,655 (11.8%) 0.00 189
    2021-12-01 $116,975 (-5.2%) $205,674 (2.9%) 0.00 185
    2022-01-01 $116,000 (-7.0%) $199,861 (-5.4%) 0.00 168
    2022-02-01 $119,225 (-5.4%) $167,372 (-28.0%) 0.00 152
    2022-03-01 $109,125 (-15.4%) $174,895 (-25.6%) 0.00 141
    2022-04-01 $119,950 (-13.4%) $182,386 (-26.2%) 0.00 126
    2022-05-01 $130,975 (-0.8%) $205,813 (-16.5%) 0.00 141
    2022-06-01 $129,950 (-9.9%) $194,008 (-24.0%) 0.00 168
    2022-07-01 $125,900 (-6.7%) $196,875 (-19.3%) 0.00 183
    2022-08-01 $133,750 (2.5%) $200,668 (-12.6%) 0.00 191
    2022-09-01 $129,950 (1.6%) $191,330 (-14.2%) 0.00 193
    2022-10-01 $134,999 (3.9%) $186,269 (-14.5%) 0.00 199
    2022-11-01 $149,900 (20.0%) $182,054 (-14.8%) 0.00 197
    2022-12-01 $148,900 (27.3%) $195,435 (-5.0%) 0.00 184
    2023-01-01 $148,583 (28.1%) $201,563 (0.9%) 0.00 153
    2023-02-01 $137,425 (15.3%) $197,551 (18.0%) 0.00 149
    2023-03-01 $149,500 (37.0%) $204,171 (16.7%) 0.00 145
    2023-04-01 $139,900 (16.6%) $199,090 (9.2%) 0.00 142
    2023-05-01 $139,800 (6.7%) $198,783 (-3.4%) 0.00 157
    2023-06-01 $139,950 (7.7%) $193,220 (-0.4%) 0.00 151
    2023-07-01 $139,900 (11.1%) $196,127 (-0.4%) 0.00 161
    2023-08-01 $152,125 (13.7%) $202,184 (0.8%) 0.00 169
    2023-09-01 $155,250 (19.5%) $203,258 (6.2%) 0.00 181
    2023-10-01 $159,950 (18.5%) $210,306 (12.9%) 0.00 196
    2023-11-01 $159,900 (6.7%) $211,442 (16.1%) 0.00 207
    2023-12-01 $159,900 (7.4%) $206,920 (5.9%) 0.00 200
    2024-01-01 $153,750 (3.5%) $191,552 (-5.0%) 0.00 200
    2024-02-01 $149,675 (8.9%) $194,483 (-1.6%) 0.00 204
    2024-03-01 $158,000 (5.7%) $196,858 (-3.6%) 0.00 173
    2024-04-01 $165,000 (17.9%) $205,070 (3.0%) 0.00 178
    2024-05-01 $169,900 (21.5%) $220,236 (10.8%) 0.00 189
    2024-06-01 $169,900 (21.4%) $217,828 (12.7%) 0.00 201
    2024-07-01 $172,000 (22.9%) $218,792 (11.6%) 0.00 202
    2024-08-01 $169,900 (11.7%) $238,084 (17.8%) 0.00 214
    2024-09-01 $162,200 (4.5%) $242,437 (19.3%) 0.00 200
    2024-10-01 $177,000 (10.7%) $245,452 (16.7%) 0.00 211
    2024-11-01 $174,999 (9.4%) $237,532 (12.3%) 0.00 209
    2024-12-01 $177,250 (10.9%) $231,802 (12.0%) 0.00 203
    2025-01-01 $179,725 (16.9%) $229,120 (19.6%) 0.00 194
    2025-02-01 $179,900 (20.2%) $234,590 (20.6%) 0.00 189
    2025-03-01 $175,500 (11.1%) $238,253 (21.0%) 0.00 204
    2025-04-01 $190,750 (15.6%) $259,126 (26.4%) 0.00 217
    2025-05-01 $185,000 (8.9%) $253,680 (15.2%) 0.00 234
    2025-06-01 $177,950 (4.7%) $255,136 (17.1%) 0.00 257
    Cumberland's median listing price for 2025-06-01 was $177,950, a difference of $8,050 (4.7%) versus the prior year and $-7,050 versus the prior month.

    Cumberland's median listing price comes in at 0% of the national average.

    Cumberland's average listing price for 2025-06-01 was $255,136, a difference of $37,308 (17.1%) versus the prior year and $1,456 versus the prior month.

    For the 2025-06-01 period, Cumberland had 257 MLS listings, a difference of 23 listings (10%) versus the prior month and 56 listings (28%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Cumberland (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,568 sqft
    2018-02-01 0 days 1,589 sqft
    2018-03-01 0 days 1,580 sqft
    2018-04-01 0 days 1,600 sqft
    2018-05-01 0 days 1,600 sqft
    2018-06-01 0 days 1,672 sqft
    2018-07-01 0 days 1,663 sqft
    2018-08-01 0 days 1,678 sqft
    2018-09-01 0 days 1,680 sqft
    2018-10-01 0 days 1,681 sqft
    2018-11-01 0 days 1,680 sqft
    2018-12-01 0 days 1,634 sqft
    2019-01-01 0 days 1,633 sqft
    2019-02-01 0 days 1,632 sqft
    2019-03-01 0 days 1,628 sqft
    2019-04-01 0 days 1,612 sqft
    2019-05-01 0 days 1,617 sqft
    2019-06-01 0 days 1,680 sqft
    2019-07-01 0 days 1,680 sqft
    2019-08-01 0 days 1,676 sqft
    2019-09-01 0 days 1,678 sqft
    2019-10-01 0 days 1,684 sqft
    2019-11-01 0 days 1,728 sqft
    2019-12-01 0 days 1,695 sqft
    2020-01-01 0 days 1,678 sqft
    2020-02-01 0 days 1,672 sqft
    2020-03-01 0 days 1,687 sqft
    2020-04-01 0 days 1,697 sqft
    2020-05-01 0 days 1,702 sqft
    2020-06-01 0 days 1,725 sqft
    2020-07-01 0 days 1,728 sqft
    2020-08-01 0 days 1,750 sqft
    2020-09-01 0 days 1,723 sqft
    2020-10-01 0 days 1,712 sqft
    2020-11-01 0 days 1,661 sqft
    2020-12-01 0 days 1,650 sqft
    2021-01-01 0 days 1,684 sqft
    2021-02-01 0 days 1,700 sqft
    2021-03-01 0 days 1,680 sqft
    2021-04-01 0 days 1,706 sqft
    2021-05-01 0 days 1,636 sqft
    2021-06-01 0 days 1,674 sqft
    2021-07-01 0 days 1,687 sqft
    2021-08-01 0 days 1,675 sqft
    2021-09-01 0 days 1,658 sqft
    2021-10-01 0 days 1,636 sqft
    2021-11-01 0 days 1,592 sqft
    2021-12-01 0 days 1,581 sqft
    2022-01-01 0 days 1,550 sqft
    2022-02-01 0 days 1,529 sqft
    2022-03-01 0 days 1,517 sqft
    2022-04-01 0 days 1,501 sqft
    2022-05-01 0 days 1,530 sqft
    2022-06-01 0 days 1,536 sqft
    2022-07-01 0 days 1,559 sqft
    2022-08-01 0 days 1,618 sqft
    2022-09-01 0 days 1,606 sqft
    2022-10-01 0 days 1,641 sqft
    2022-11-01 0 days 1,648 sqft
    2022-12-01 0 days 1,649 sqft
    2023-01-01 0 days 1,693 sqft
    2023-02-01 0 days 1,615 sqft
    2023-03-01 0 days 1,680 sqft
    2023-04-01 0 days 1,592 sqft
    2023-05-01 0 days 1,577 sqft
    2023-06-01 0 days 1,594 sqft
    2023-07-01 0 days 1,591 sqft
    2023-08-01 0 days 1,616 sqft
    2023-09-01 0 days 1,568 sqft
    2023-10-01 0 days 1,637 sqft
    2023-11-01 0 days 1,618 sqft
    2023-12-01 0 days 1,580 sqft
    2024-01-01 0 days 1,553 sqft
    2024-02-01 0 days 1,551 sqft
    2024-03-01 0 days 1,600 sqft
    2024-04-01 0 days 1,600 sqft
    2024-05-01 0 days 1,626 sqft
    2024-06-01 0 days 1,632 sqft
    2024-07-01 0 days 1,593 sqft
    2024-08-01 0 days 1,672 sqft
    2024-09-01 0 days 1,716 sqft
    2024-10-01 0 days 1,737 sqft
    2024-11-01 0 days 1,760 sqft
    2024-12-01 0 days 1,749 sqft
    2025-01-01 0 days 1,732 sqft
    2025-02-01 0 days 1,731 sqft
    2025-03-01 0 days 1,765 sqft
    2025-04-01 0 days 1,798 sqft
    2025-05-01 0 days 1,800 sqft
    2025-06-01 0 days 1,786 sqft
    Cumberland's median listing age (time on market) for 2025-06-01 was 0 days.

    Cumberland's median square footage for active listings during the 2025-06-01 period was 1,786 sqft. One year prior, the average listing was 1,632 sqft.