Cumberland USDA Loan Rates, Closing Costs & Stats

CUMBERLAND, MD-WV

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 -0.04% for the week of 2025-06-20, compared to the national average (all USDA variants) of 0% for the same period.

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

The average rate for the prior week (2025-06-13) was 6.66% and one month ago for the week of 2025-05-16, the average rate was 6.62%.

The average rate one year ago was 6.84%.

For refis of the same type during the week of 2025-06-20, the average rate was 0.47%.

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%), .