Daphne USDA Loan Rates, Closing Costs & Stats
DAPHNE-FAIRHOPE-FOLEY, AL
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.
Daphne's 39 lenders originated 112 USDA loans during 2022. The total origination value was $27,650,000, with an average USDA loan value of $246,875.
Daphne USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Daphne
averaged
6.44%
for the week of 2023-12-01, compared to the national average (all USDA variants) of
6.997% for the same period.
Daphne's average USDA mortgage closing costs are $4,483.
The average rate for the prior week (2023-11-24) was
6.34% and
one month ago for the week of 2023-10-27, the
average rate was 6.79%.
The average rate one year ago was 6.01%.
For refis of the same type during the week of 2023-12-01, the average rate
was 5.74%.
Daphne 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 Daphne level.
The top Daphne USDA lender as defined by loan originations is HOME POINT FINANCIAL CORPORATION, with
19 USDA loans originated. Their average total fees are
$7,149, which is $2,452
higher than the next largest lender,
DHI MORTGAGE COMPANY, LTD..
The lowest fee Daphne USDA lenders (with over 10 loans originated) are
DHI MORTGAGE COMPANY, LTD. ($4,696), HOME POINT FINANCIAL CORPORATION ($7,149), .
The lowest rate Daphne USDA lenders (with over 10 loans originated) are
HOME POINT FINANCIAL CORPORATION (3.51%), DHI MORTGAGE COMPANY, LTD. (3.76%), .
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Daphne (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $315,000 (5.1%) | $421,247 (1.3%) | 1.17 | 2,578 |
2018-02-01 | $314,950 (3.5%) | $420,596 (-0.1%) | 1.14 | 2,649 |
2018-03-01 | $311,725 (3.1%) | $421,543 (-0.8%) | 1.09 | 2,702 |
2018-04-01 | $329,900 (3.3%) | $438,191 (0.4%) | 1.12 | 2,756 |
2018-05-01 | $336,250 (4.6%) | $442,439 (1.6%) | 1.12 | 2,749 |
2018-06-01 | $339,000 (5.3%) | $449,255 (3.8%) | 1.13 | 2,737 |
2018-07-01 | $337,225 (6.1%) | $445,758 (3.1%) | 1.13 | 2,744 |
2018-08-01 | $330,851 (5.7%) | $438,622 (2.4%) | 1.11 | 2,756 |
2018-09-01 | $330,623 (3.3%) | $439,184 (0.5%) | 1.11 | 2,743 |
2018-10-01 | $330,950 (2.5%) | $441,316 (1.2%) | 1.12 | 2,708 |
2018-11-01 | $329,700 (3.9%) | $436,532 (-5.4%) | 1.12 | 2,736 |
2018-12-01 | $329,000 (4.2%) | $435,147 (3.2%) | 1.13 | 2,648 |
2019-01-01 | $325,253 (3.3%) | $431,928 (2.5%) | 1.12 | 2,594 |
2019-02-01 | $327,000 (3.8%) | $426,679 (1.5%) | 1.10 | 2,672 |
2019-03-01 | $331,357 (6.3%) | $438,093 (3.9%) | 1.08 | 2,746 |
2019-04-01 | $334,750 (1.5%) | $450,728 (2.9%) | 1.06 | 2,814 |
2019-05-01 | $339,900 (1.1%) | $456,077 (3.1%) | 1.06 | 2,774 |
2019-06-01 | $343,725 (1.4%) | $456,627 (1.6%) | 1.07 | 2,744 |
2019-07-01 | $339,863 (0.8%) | $446,705 (0.2%) | 1.06 | 2,748 |
2019-08-01 | $336,299 (1.7%) | $441,423 (0.6%) | 1.07 | 2,766 |
2019-09-01 | $341,249 (3.2%) | $446,699 (1.7%) | 1.09 | 2,703 |
2019-10-01 | $341,999 (3.3%) | $448,958 (1.7%) | 1.10 | 2,650 |
2019-11-01 | $349,900 (6.1%) | $460,220 (5.4%) | 1.15 | 2,580 |
2019-12-01 | $349,000 (6.1%) | $463,891 (6.6%) | 1.16 | 2,508 |
2020-01-01 | $339,975 (4.5%) | $458,607 (6.2%) | 1.14 | 2,396 |
2020-02-01 | $344,546 (5.4%) | $458,989 (7.6%) | 1.13 | 2,383 |
2020-03-01 | $355,958 (7.4%) | $474,834 (8.4%) | 1.12 | 2,453 |
2020-04-01 | $354,900 (6.0%) | $469,542 (4.2%) | 1.11 | 2,526 |
2020-05-01 | $359,900 (5.9%) | $482,821 (5.9%) | 1.09 | 2,475 |
2020-06-01 | $362,450 (5.5%) | $491,308 (7.6%) | 1.07 | 2,292 |
2020-07-01 | $360,063 (5.9%) | $504,322 (12.9%) | 1.04 | 2,086 |
2020-08-01 | $360,000 (7.1%) | $513,765 (16.4%) | 1.03 | 1,931 |
2020-09-01 | $370,500 (8.6%) | $522,621 (17.0%) | 1.06 | 1,744 |
2020-10-01 | $365,000 (6.7%) | $528,359 (17.7%) | 1.05 | 1,553 |
2020-11-01 | $359,975 (2.9%) | $541,050 (17.6%) | 1.05 | 1,545 |
2020-12-01 | $362,294 (3.8%) | $535,772 (15.5%) | 1.08 | 1,497 |
2021-01-01 | $379,289 (11.6%) | $557,531 (21.6%) | 1.13 | 1,254 |
2021-02-01 | $386,870 (12.3%) | $561,662 (22.4%) | 1.13 | 1,037 |
2021-03-01 | $401,508 (12.8%) | $603,833 (27.2%) | 1.14 | 820 |
2021-04-01 | $418,750 (18.0%) | $603,653 (28.6%) | 1.13 | 852 |
2021-05-01 | $449,550 (24.9%) | $637,736 (32.1%) | 1.20 | 831 |
2021-06-01 | $454,795 (25.5%) | $651,878 (32.7%) | 1.20 | 887 |
2021-07-01 | $445,000 (23.6%) | $630,022 (24.9%) | 1.17 | 1,078 |
2021-08-01 | $442,500 (22.9%) | $612,865 (19.3%) | 1.18 | 1,198 |
2021-09-01 | $442,375 (19.4%) | $601,228 (15.0%) | 1.18 | 1,280 |
2021-10-01 | $435,450 (19.3%) | $603,330 (14.2%) | 1.16 | 1,294 |
2021-11-01 | $425,362 (18.2%) | $613,679 (13.4%) | 1.14 | 1,223 |
2021-12-01 | $423,287 (16.8%) | $617,402 (15.2%) | 1.15 | 1,105 |
2022-01-01 | $425,000 (12.1%) | $644,508 (15.6%) | 1.15 | 938 |
2022-02-01 | $450,692 (16.5%) | $717,460 (27.7%) | 1.17 | 746 |
2022-03-01 | $482,127 (20.1%) | $775,213 (28.4%) | 1.21 | 705 |
2022-04-01 | $554,000 (32.3%) | $824,138 (36.5%) | 1.32 | 746 |
2022-05-01 | $549,675 (22.3%) | $784,324 (23.0%) | 1.26 | 1,028 |
2022-06-01 | $549,425 (20.8%) | $769,593 (18.1%) | 1.22 | 1,292 |
2022-07-01 | $539,900 (21.3%) | $751,743 (19.3%) | 1.22 | 1,518 |
2022-08-01 | $534,050 (20.7%) | $746,815 (21.9%) | 1.23 | 1,597 |
2022-09-01 | $527,182 (19.2%) | $726,674 (20.9%) | 1.23 | 1,611 |
2022-10-01 | $499,810 (14.8%) | $705,037 (16.9%) | 1.18 | 1,632 |
2022-11-01 | $495,250 (16.4%) | $685,772 (11.8%) | 1.19 | 1,649 |
2022-12-01 | $489,900 (15.7%) | $680,480 (10.2%) | 1.21 | 1,626 |
2023-01-01 | $483,784 (13.8%) | $679,905 (5.5%) | 1.20 | 1,531 |
2023-02-01 | $496,475 (10.2%) | $688,946 (-4.0%) | 1.20 | 1,517 |
2023-03-01 | $499,450 (3.6%) | $702,607 (-9.4%) | 1.18 | 1,499 |
2023-04-01 | $500,000 (-9.8%) | $711,310 (-13.7%) | 1.16 | 1,603 |
2023-05-01 | $524,975 (-4.5%) | $737,060 (-6.0%) | 1.19 | 1,703 |
2023-06-01 | $527,562 (-4.0%) | $736,763 (-4.3%) | 1.19 | 1,714 |
2023-07-01 | $525,000 (-2.8%) | $734,618 (-2.3%) | 1.19 | 1,764 |
2023-08-01 | $527,000 (-1.3%) | $732,057 (-2.0%) | 1.21 | 1,841 |
2023-09-01 | $543,900 (3.2%) | $740,286 (1.9%) | 1.27 | 2,003 |
2023-10-01 | $547,000 (9.4%) | $749,376 (6.3%) | 1.29 | 2,171 |
2023-11-01 | $530,750 (7.2%) | $728,553 (6.2%) | 1.26 | 2,255 |
Daphne's median listing price comes in at 126% of the national average.
Daphne's average listing price for 2023-11-01 was $728,553, a difference of $42,781 (6.2%) versus the prior year and $-20,823 versus the prior month.
For the 2023-11-01 period, Daphne had 2,255 MLS listings, a difference of 84 listings (4%) versus the prior month and 606 listings (37%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Daphne (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 99 days | 2,025 sqft |
2018-02-01 | 96 days | 2,000 sqft |
2018-03-01 | 74 days | 2,010 sqft |
2018-04-01 | 68 days | 2,018 sqft |
2018-05-01 | 67 days | 2,011 sqft |
2018-06-01 | 70 days | 2,010 sqft |
2018-07-01 | 73 days | 1,974 sqft |
2018-08-01 | 75 days | 1,961 sqft |
2018-09-01 | 82 days | 1,958 sqft |
2018-10-01 | 87 days | 1,950 sqft |
2018-11-01 | 88 days | 1,942 sqft |
2018-12-01 | 93 days | 1,936 sqft |
2019-01-01 | 96 days | 1,931 sqft |
2019-02-01 | 91 days | 1,923 sqft |
2019-03-01 | 79 days | 1,941 sqft |
2019-04-01 | 68 days | 1,955 sqft |
2019-05-01 | 68 days | 1,956 sqft |
2019-06-01 | 74 days | 1,954 sqft |
2019-07-01 | 76 days | 1,950 sqft |
2019-08-01 | 76 days | 1,945 sqft |
2019-09-01 | 78 days | 1,952 sqft |
2019-10-01 | 80 days | 1,957 sqft |
2019-11-01 | 82 days | 1,958 sqft |
2019-12-01 | 87 days | 1,944 sqft |
2020-01-01 | 89 days | 1,939 sqft |
2020-02-01 | 82 days | 1,936 sqft |
2020-03-01 | 67 days | 1,930 sqft |
2020-04-01 | 69 days | 1,903 sqft |
2020-05-01 | 74 days | 1,930 sqft |
2020-06-01 | 78 days | 1,972 sqft |
2020-07-01 | 70 days | 1,980 sqft |
2020-08-01 | 65 days | 1,960 sqft |
2020-09-01 | 64 days | 1,958 sqft |
2020-10-01 | 66 days | 1,958 sqft |
2020-11-01 | 69 days | 1,957 sqft |
2020-12-01 | 64 days | 1,950 sqft |
2021-01-01 | 71 days | 1,963 sqft |
2021-02-01 | 56 days | 1,959 sqft |
2021-03-01 | 42 days | 1,990 sqft |
2021-04-01 | 34 days | 1,949 sqft |
2021-05-01 | 35 days | 1,948 sqft |
2021-06-01 | 33 days | 1,928 sqft |
2021-07-01 | 30 days | 1,891 sqft |
2021-08-01 | 34 days | 1,889 sqft |
2021-09-01 | 44 days | 1,847 sqft |
2021-10-01 | 52 days | 1,833 sqft |
2021-11-01 | 53 days | 1,832 sqft |
2021-12-01 | 58 days | 1,871 sqft |
2022-01-01 | 58 days | 1,915 sqft |
2022-02-01 | 43 days | 2,012 sqft |
2022-03-01 | 33 days | 2,006 sqft |
2022-04-01 | 26 days | 1,980 sqft |
2022-05-01 | 26 days | 1,954 sqft |
2022-06-01 | 31 days | 1,916 sqft |
2022-07-01 | 44 days | 1,878 sqft |
2022-08-01 | 54 days | 1,873 sqft |
2022-09-01 | 62 days | 1,889 sqft |
2022-10-01 | 68 days | 1,883 sqft |
2022-11-01 | 68 days | 1,883 sqft |
2022-12-01 | 73 days | 1,866 sqft |
2023-01-01 | 81 days | 1,877 sqft |
2023-02-01 | 67 days | 1,867 sqft |
2023-03-01 | 57 days | 1,879 sqft |
2023-04-01 | 51 days | 1,873 sqft |
2023-05-01 | 50 days | 1,864 sqft |
2023-06-01 | 52 days | 1,854 sqft |
2023-07-01 | 56 days | 1,840 sqft |
2023-08-01 | 57 days | 1,814 sqft |
2023-09-01 | 58 days | 1,800 sqft |
2023-10-01 | 62 days | 1,822 sqft |
2023-11-01 | 68 days | 1,798 sqft |
Daphne's median square footage for active listings during the 2023-11-01 period was 1,798 sqft. One year prior, the average listing was 1,883 sqft.