Elkins USDA Loan Rates, Closing Costs & Stats

Elkins, 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.

    Elkins's 5 lenders originated 7 USDA loans during 2023. The total origination value was $855,000, with an average USDA loan value of $122,143.

    Elkins USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Elkins averaged 6.58% for the week of 2024-04-12, compared to the national average (all USDA variants) of 6.705% for the same period.

    Elkins's average USDA mortgage closing costs are $4,457.

    The average rate for the prior week (2024-04-05) was 6.51% and one month ago for the week of 2024-03-08, the average rate was 6.37%.

    The average rate one year ago was 6.07%.

    For refis of the same type during the week of 2024-04-12, the average rate was 6.61%.

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

    Elkins 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 Elkins level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Flagstar Bank, FSB 2 6.25% $5,798
    UNITED WHOLESALE MORTGAGE, LLC 2 6.88% $4,884
    MOVEMENT MORTGAGE, LLC 1 6.25% $5,836
    NFM, INC. 1 6.50% $7,131
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 5.32% $4,033

    The top Elkins USDA lender as defined by loan originations is Flagstar Bank, FSB, with 2 USDA loans originated. Their average total fees are $5,798, which is $914 higher than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee Elkins USDA lenders (with over 10 loans originated) are .

    The lowest rate Elkins USDA lenders (with over 10 loans originated) are .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Elkins (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 $134,925 (-17.5%) $172,143 (-6.3%) 0.00 129
    2018-02-01 $135,450 (-17.0%) $173,362 (-4.0%) 0.00 122
    2018-03-01 $149,500 (-7.6%) $185,205 (1.2%) 0.00 115
    2018-04-01 $159,725 (-0.8%) $192,337 (8.8%) 0.00 121
    2018-05-01 $159,000 (-1.3%) $188,200 (8.9%) 0.00 128
    2018-06-01 $149,950 (-4.7%) $186,614 (11.7%) 0.00 134
    2018-07-01 $160,000 (7.4%) $195,744 (17.5%) 0.00 135
    2018-08-01 $165,975 (12.9%) $199,607 (16.0%) 0.00 133
    2018-09-01 $174,999 (18.6%) $203,814 (18.3%) 0.00 127
    2018-10-01 $179,000 (19.8%) $201,110 (16.7%) 0.00 123
    2018-11-01 $173,650 (21.0%) $196,671 (13.1%) 0.00 118
    2018-12-01 $179,000 (28.8%) $200,288 (15.0%) 0.00 112
    2019-01-01 $179,675 (33.2%) $204,485 (18.8%) 0.00 106
    2019-02-01 $180,975 (33.6%) $208,085 (20.0%) 0.00 104
    2019-03-01 $175,357 (17.3%) $204,152 (10.2%) 0.00 106
    2019-04-01 $170,582 (6.8%) $202,425 (5.3%) 0.00 107
    2019-05-01 $174,300 (9.6%) $203,098 (7.9%) 0.00 110
    2019-06-01 $169,900 (13.3%) $197,069 (5.6%) 0.00 113
    2019-07-01 $164,300 (2.7%) $193,009 (-1.4%) 0.00 116
    2019-08-01 $167,882 (1.2%) $197,598 (-1.0%) 0.00 115
    2019-09-01 $166,655 (-4.8%) $194,703 (-4.5%) 0.00 114
    2019-10-01 $165,836 (-7.4%) $192,773 (-4.2%) 0.00 110
    2019-11-01 $152,500 (-12.2%) $196,175 (-0.3%) 0.00 101
    2019-12-01 $151,250 (-15.5%) $197,058 (-1.6%) 0.00 84
    2020-01-01 $152,500 (-15.1%) $197,439 (-3.5%) 0.00 77
    2020-02-01 $169,000 (-6.6%) $198,229 (-4.7%) 0.00 85
    2020-03-01 $169,225 (-3.5%) $203,058 (-0.5%) 0.00 95
    2020-04-01 $172,400 (1.1%) $205,755 (1.7%) 0.00 90
    2020-05-01 $179,900 (3.2%) $220,050 (8.4%) 0.00 87
    2020-06-01 $189,000 (11.2%) $219,533 (11.4%) 0.00 91
    2020-07-01 $184,450 (12.3%) $219,049 (13.5%) 0.00 91
    2020-08-01 $189,950 (13.2%) $224,272 (13.5%) 0.00 71
    2020-09-01 $176,450 (5.9%) $205,045 (5.3%) 0.00 65
    2020-10-01 $167,350 (0.9%) $206,371 (7.1%) 0.00 72
    2020-11-01 $174,900 (14.7%) $214,231 (9.2%) 0.00 65
    2020-12-01 $184,450 (22.0%) $220,254 (11.8%) 0.00 63
    2021-01-01 $189,900 (24.5%) $230,709 (16.9%) 0.00 55
    2021-02-01 $210,450 (24.5%) $239,711 (20.9%) 0.00 45
    2021-03-01 $192,200 (13.6%) $217,027 (6.9%) 0.00 41
    2021-04-01 $183,975 (6.7%) $199,335 (-3.1%) 0.00 42
    2021-05-01 $174,900 (-2.8%) $189,733 (-13.8%) 0.00 37
    2021-06-01 $168,450 (-10.9%) $195,624 (-10.9%) 0.00 37
    2021-07-01 $185,950 (0.8%) $206,136 (-5.9%) 0.00 51
    2021-08-01 $175,200 (-7.8%) $204,855 (-8.7%) 0.00 51
    2021-09-01 $177,875 (0.8%) $218,260 (6.4%) 0.00 52
    2021-10-01 $177,450 (6.0%) $214,105 (3.8%) 0.00 50
    2021-11-01 $183,500 (4.9%) $221,731 (3.5%) 0.00 48
    2021-12-01 $160,700 (-12.9%) $189,059 (-14.2%) 0.00 37
    2022-01-01 $169,000 (-11.0%) $191,057 (-17.2%) 0.00 34
    2022-02-01 $166,725 (-20.8%) $200,276 (-16.5%) 0.00 32
    2022-03-01 $172,225 (-10.4%) $204,863 (-5.6%) 0.00 22
    2022-04-01 $205,000 (11.4%) $224,042 (12.4%) 0.00 22
    2022-05-01 $200,525 (14.7%) $225,641 (18.9%) 0.00 29
    2022-06-01 $238,850 (41.8%) $270,211 (38.1%) 0.00 29
    2022-07-01 $219,900 (18.3%) $265,747 (28.9%) 0.00 28
    2022-08-01 $225,725 (28.8%) $294,457 (43.7%) 0.00 32
    2022-09-01 $207,500 (16.7%) $285,955 (31.0%) 0.00 35
    2022-10-01 $205,000 (15.5%) $259,423 (21.2%) 0.00 35
    2022-11-01 $199,950 (9.0%) $249,391 (12.5%) 0.00 38
    2022-12-01 $199,950 (24.4%) $257,220 (36.1%) 0.00 33
    2023-01-01 $192,475 (13.9%) $249,528 (30.6%) 0.00 28
    2023-02-01 $209,925 (25.9%) $238,904 (19.3%) 0.00 29
    2023-03-01 $191,675 (11.3%) $226,040 (10.3%) 0.00 30
    2023-04-01 $199,999 (-2.4%) $237,300 (5.9%) 0.00 18
    2023-05-01 $211,250 (5.4%) $249,647 (10.6%) 0.00 24
    2023-06-01 $241,375 (1.1%) $311,863 (15.4%) 0.00 25
    2023-07-01 $247,200 (12.4%) $331,152 (24.6%) 0.00 27
    2023-08-01 $224,450 (-0.6%) $296,451 (0.7%) 0.00 33
    2023-09-01 $219,500 (5.8%) $290,922 (1.7%) 0.00 34
    2023-10-01 $239,500 (16.8%) $278,300 (7.3%) 0.00 44
    2023-11-01 $224,900 (12.5%) $278,163 (11.5%) 0.00 44
    2023-12-01 $239,999 (20.0%) $298,190 (15.9%) 0.00 38
    2024-01-01 $219,900 (14.3%) $261,339 (4.7%) 0.00 39
    2024-02-01 $218,900 (4.3%) $273,190 (14.4%) 0.00 33
    2024-03-01 $215,900 (12.6%) $275,744 (22.0%) 0.00 35
    Elkins's median listing price for 2024-03-01 was $215,900, a difference of $24,225 (12.6%) versus the prior year and $-3,000 versus the prior month.

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

    Elkins's average listing price for 2024-03-01 was $275,744, a difference of $49,704 (22.0%) versus the prior year and $2,554 versus the prior month.

    For the 2024-03-01 period, Elkins had 35 MLS listings, a difference of 2 listings (6%) versus the prior month and 5 listings (17%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Elkins (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,814 sqft
    2018-02-01 0 days 1,825 sqft
    2018-03-01 0 days 1,907 sqft
    2018-04-01 0 days 1,982 sqft
    2018-05-01 0 days 1,876 sqft
    2018-06-01 0 days 1,850 sqft
    2018-07-01 0 days 1,900 sqft
    2018-08-01 0 days 1,930 sqft
    2018-09-01 0 days 1,998 sqft
    2018-10-01 0 days 1,993 sqft
    2018-11-01 0 days 1,845 sqft
    2018-12-01 0 days 1,842 sqft
    2019-01-01 0 days 1,838 sqft
    2019-02-01 0 days 1,884 sqft
    2019-03-01 0 days 1,902 sqft
    2019-04-01 0 days 1,810 sqft
    2019-05-01 0 days 1,894 sqft
    2019-06-01 0 days 1,900 sqft
    2019-07-01 0 days 1,897 sqft
    2019-08-01 0 days 1,884 sqft
    2019-09-01 0 days 1,877 sqft
    2019-10-01 0 days 1,873 sqft
    2019-11-01 0 days 1,872 sqft
    2019-12-01 0 days 1,962 sqft
    2020-01-01 0 days 1,944 sqft
    2020-02-01 0 days 1,941 sqft
    2020-03-01 0 days 1,879 sqft
    2020-04-01 0 days 1,991 sqft
    2020-05-01 0 days 1,990 sqft
    2020-06-01 0 days 1,826 sqft
    2020-07-01 0 days 1,797 sqft
    2020-08-01 0 days 1,924 sqft
    2020-09-01 0 days 1,767 sqft
    2020-10-01 0 days 1,842 sqft
    2020-11-01 0 days 1,906 sqft
    2020-12-01 0 days 1,757 sqft
    2021-01-01 0 days 1,776 sqft
    2021-02-01 0 days 1,901 sqft
    2021-03-01 0 days 1,663 sqft
    2021-04-01 0 days 1,649 sqft
    2021-05-01 0 days 1,650 sqft
    2021-06-01 0 days 1,648 sqft
    2021-07-01 0 days 1,862 sqft
    2021-08-01 0 days 1,654 sqft
    2021-09-01 0 days 1,612 sqft
    2021-10-01 0 days 1,605 sqft
    2021-11-01 0 days 1,598 sqft
    2021-12-01 0 days 1,523 sqft
    2022-01-01 0 days 1,800 sqft
    2022-02-01 0 days 1,625 sqft
    2022-03-01 0 days 1,566 sqft
    2022-04-01 0 days 1,604 sqft
    2022-05-01 0 days 1,658 sqft
    2022-06-01 0 days 1,739 sqft
    2022-07-01 0 days 1,903 sqft
    2022-08-01 0 days 1,957 sqft
    2022-09-01 0 days 1,814 sqft
    2022-10-01 0 days 1,773 sqft
    2022-11-01 0 days 1,728 sqft
    2022-12-01 0 days 1,749 sqft
    2023-01-01 0 days 1,712 sqft
    2023-02-01 0 days 1,739 sqft
    2023-03-01 0 days 1,828 sqft
    2023-04-01 0 days 1,769 sqft
    2023-05-01 0 days 1,972 sqft
    2023-06-01 0 days 1,936 sqft
    2023-07-01 0 days 1,845 sqft
    2023-08-01 0 days 1,700 sqft
    2023-09-01 0 days 2,055 sqft
    2023-10-01 0 days 1,949 sqft
    2023-11-01 0 days 1,817 sqft
    2023-12-01 0 days 1,848 sqft
    2024-01-01 0 days 1,840 sqft
    2024-02-01 0 days 1,774 sqft
    2024-03-01 0 days 1,716 sqft
    Elkins's median listing age (time on market) for 2024-03-01 was 0 days.

    Elkins's median square footage for active listings during the 2024-03-01 period was 1,716 sqft. One year prior, the average listing was 1,828 sqft.