Fairmont USDA Loan Rates, Closing Costs & Stats

Fairmont, 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.

    Fairmont's 16 lenders originated 24 USDA loans during 2023. The total origination value was $3,250,000, with an average USDA loan value of $135,417.

    Fairmont USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Fairmont averaged 6.07% for the week of 2024-11-08, compared to the national average (all USDA variants) of 6.477% for the same period.

    Fairmont's average USDA mortgage closing costs are $5,072.

    The average rate for the prior week (2024-11-01) was 6.24% and one month ago for the week of 2024-10-04, the average rate was 5.57%.

    The average rate one year ago was 7.21%.

    For refis of the same type during the week of 2024-11-08, the average rate was 6.58%.

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

    Fairmont 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 Fairmont level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    LOANDEPOT.COM, LLC 3 6.42% $7,170
    WesBanco 3 5.65% $5,393
    Flagstar Bank, FSB 2 6.54% $4,910
    United Bank 2 6.06% $3,923
    UNITED WHOLESALE MORTGAGE, LLC 2 5.97% $6,388
    INTERCOASTAL MORTGAGE COMPANY 1 6.13% $6,440
    Clear Mountain Bank 1 5.88% $5,129
    Paramount Residential Mortgage Group, Inc. 1 6.25% $6,781
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 5.46% $4,468
    Sierra Pacific Mortgage Company, Inc. 1 6.13% $10,686
    The Huntington National Bank 1 5.32% $3,802
    MOVEMENT MORTGAGE, LLC 1 7.75% $5,640
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 6.75% $6,027
    First Federal Bank of the Midwest 1 5.63% $5,556
    First National Bank of Pennsylvania 1 6.00% $6,037
    GUARANTEED RATE, INC. 1 7.10% $4,554

    The top Fairmont USDA lender as defined by loan originations is LOANDEPOT.COM, LLC, with 3 USDA loans originated. Their average total fees are $7,170, which is $1,778 higher than the next largest lender, WesBanco.

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

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

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Fairmont (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 $133,425 (2.0%) $152,172 (2.4%) 0.00 216
    2018-02-01 $138,300 (8.1%) $158,855 (8.5%) 0.00 173
    2018-03-01 $147,200 (9.6%) $161,728 (9.0%) 0.00 155
    2018-04-01 $150,950 (11.3%) $162,464 (9.6%) 0.00 148
    2018-05-01 $158,225 (13.1%) $167,132 (7.8%) 0.00 158
    2018-06-01 $154,000 (4.8%) $166,766 (4.3%) 0.00 189
    2018-07-01 $152,400 (4.5%) $168,830 (4.4%) 0.00 187
    2018-08-01 $143,725 (2.1%) $160,820 (1.4%) 0.00 187
    2018-09-01 $133,500 (-4.6%) $153,292 (-2.9%) 0.00 198
    2018-10-01 $128,400 (-7.6%) $146,972 (-5.1%) 0.00 196
    2018-11-01 $129,750 (-7.3%) $145,525 (-7.8%) 0.00 193
    2018-12-01 $129,900 (-6.6%) $147,742 (-6.1%) 0.00 190
    2019-01-01 $144,950 (8.6%) $156,310 (2.7%) 0.00 165
    2019-02-01 $147,425 (6.6%) $162,946 (2.6%) 0.00 157
    2019-03-01 $139,900 (-5.0%) $162,782 (0.7%) 0.00 153
    2019-04-01 $144,900 (-4.0%) $168,944 (4.0%) 0.00 149
    2019-05-01 $149,950 (-5.2%) $172,183 (3.0%) 0.00 137
    2019-06-01 $147,450 (-4.3%) $167,087 (0.2%) 0.00 145
    2019-07-01 $149,000 (-2.2%) $166,743 (-1.2%) 0.00 162
    2019-08-01 $146,518 (1.9%) $167,872 (4.4%) 0.00 160
    2019-09-01 $142,795 (7.0%) $167,698 (9.4%) 0.00 158
    2019-10-01 $139,900 (9.0%) $167,583 (14.0%) 0.00 157
    2019-11-01 $134,900 (4.0%) $157,808 (8.4%) 0.00 161
    2019-12-01 $138,250 (6.4%) $160,790 (8.8%) 0.00 156
    2020-01-01 $127,350 (-12.1%) $156,578 (0.2%) 0.00 135
    2020-02-01 $126,000 (-14.5%) $163,033 (0.1%) 0.00 134
    2020-03-01 $129,950 (-7.1%) $164,104 (0.8%) 0.00 122
    2020-04-01 $129,250 (-10.8%) $168,801 (-0.1%) 0.00 123
    2020-05-01 $141,700 (-5.5%) $179,663 (4.3%) 0.00 119
    2020-06-01 $137,225 (-6.9%) $173,455 (3.8%) 0.00 127
    2020-07-01 $148,450 (-0.4%) $175,172 (5.1%) 0.00 128
    2020-08-01 $147,450 (0.6%) $181,041 (7.8%) 0.00 112
    2020-09-01 $139,225 (-2.5%) $169,682 (1.2%) 0.00 118
    2020-10-01 $139,900 (0.0%) $168,757 (0.7%) 0.00 127
    2020-11-01 $140,950 (4.5%) $166,829 (5.7%) 0.00 123
    2020-12-01 $139,900 (1.2%) $164,367 (2.2%) 0.00 112
    2021-01-01 $139,900 (9.9%) $165,041 (5.4%) 0.00 104
    2021-02-01 $126,900 (0.7%) $154,088 (-5.5%) 0.00 85
    2021-03-01 $138,400 (6.5%) $155,784 (-5.1%) 0.00 78
    2021-04-01 $150,000 (16.1%) $168,528 (-0.2%) 0.00 69
    2021-05-01 $152,000 (7.3%) $166,991 (-7.1%) 0.00 83
    2021-06-01 $154,850 (12.8%) $176,405 (1.7%) 0.00 89
    2021-07-01 $172,450 (16.2%) $170,722 (-2.5%) 0.00 85
    2021-08-01 $169,900 (15.2%) $175,304 (-3.2%) 0.00 97
    2021-09-01 $169,725 (21.9%) $177,807 (4.8%) 0.00 101
    2021-10-01 $174,950 (25.1%) $182,468 (8.1%) 0.00 95
    2021-11-01 $154,025 (9.3%) $165,652 (-0.7%) 0.00 99
    2021-12-01 $148,700 (6.3%) $165,965 (1.0%) 0.00 93
    2022-01-01 $155,450 (11.1%) $168,770 (2.3%) 0.00 70
    2022-02-01 $156,875 (23.6%) $183,913 (19.4%) 0.00 64
    2022-03-01 $163,250 (18.0%) $191,405 (22.9%) 0.00 68
    2022-04-01 $147,000 (-2.0%) $194,087 (15.2%) 0.00 68
    2022-05-01 $149,925 (-1.4%) $191,557 (14.7%) 0.00 74
    2022-06-01 $157,475 (1.7%) $198,866 (12.7%) 0.00 86
    2022-07-01 $159,900 (-7.3%) $200,802 (17.6%) 0.00 104
    2022-08-01 $168,000 (-1.1%) $196,727 (12.2%) 0.00 110
    2022-09-01 $165,200 (-2.7%) $187,472 (5.4%) 0.00 117
    2022-10-01 $154,900 (-11.5%) $182,263 (-0.1%) 0.00 119
    2022-11-01 $168,325 (9.3%) $188,081 (13.5%) 0.00 119
    2022-12-01 $159,900 (7.5%) $187,693 (13.1%) 0.00 111
    2023-01-01 $145,650 (-6.3%) $194,716 (15.4%) 0.00 101
    2023-02-01 $141,150 (-10.0%) $189,154 (2.9%) 0.00 88
    2023-03-01 $165,875 (1.6%) $206,970 (8.1%) 0.00 71
    2023-04-01 $169,000 (15.0%) $212,068 (9.3%) 0.00 78
    2023-05-01 $204,950 (36.7%) $219,464 (14.6%) 0.00 87
    2023-06-01 $224,125 (42.3%) $225,737 (13.5%) 0.00 98
    2023-07-01 $212,500 (32.9%) $218,783 (9.0%) 0.00 99
    2023-08-01 $218,450 (30.0%) $218,251 (10.9%) 0.00 109
    2023-09-01 $209,900 (27.1%) $224,548 (19.8%) 0.00 103
    2023-10-01 $201,175 (29.9%) $230,207 (26.3%) 0.00 108
    2023-11-01 $199,269 (18.4%) $230,526 (22.6%) 0.00 120
    2023-12-01 $179,999 (12.6%) $218,310 (16.3%) 0.00 115
    2024-01-01 $175,000 (20.2%) $221,188 (13.6%) 0.00 92
    2024-02-01 $205,750 (45.8%) $223,339 (18.1%) 0.00 93
    2024-03-01 $217,450 (31.1%) $238,467 (15.2%) 0.00 81
    2024-04-01 $205,200 (21.4%) $225,603 (6.4%) 0.00 93
    2024-05-01 $194,250 (-5.2%) $228,791 (4.3%) 0.00 87
    2024-06-01 $209,950 (-6.3%) $244,891 (8.5%) 0.00 91
    2024-07-01 $214,725 (1.1%) $234,552 (7.2%) 0.00 88
    2024-08-01 $229,000 (4.8%) $248,183 (13.7%) 0.00 89
    2024-09-01 $210,000 (0.1%) $240,235 (7.0%) 0.00 92
    2024-10-01 $204,250 (1.5%) $235,629 (2.4%) 0.00 89
    Fairmont's median listing price for 2024-10-01 was $204,250, a difference of $3,075 (1.5%) versus the prior year and $-5,750 versus the prior month.

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

    Fairmont's average listing price for 2024-10-01 was $235,629, a difference of $5,422 (2.4%) versus the prior year and $-4,606 versus the prior month.

    For the 2024-10-01 period, Fairmont had 89 MLS listings, a difference of -3 listings (-3%) versus the prior month and -19 listings (-18%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Fairmont (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,611 sqft
    2018-02-01 0 days 1,630 sqft
    2018-03-01 0 days 1,619 sqft
    2018-04-01 0 days 1,596 sqft
    2018-05-01 0 days 1,638 sqft
    2018-06-01 0 days 1,627 sqft
    2018-07-01 0 days 1,627 sqft
    2018-08-01 0 days 1,620 sqft
    2018-09-01 0 days 1,604 sqft
    2018-10-01 0 days 1,619 sqft
    2018-11-01 0 days 1,620 sqft
    2018-12-01 0 days 1,620 sqft
    2019-01-01 0 days 1,637 sqft
    2019-02-01 0 days 1,645 sqft
    2019-03-01 0 days 1,645 sqft
    2019-04-01 0 days 1,664 sqft
    2019-05-01 0 days 1,700 sqft
    2019-06-01 0 days 1,696 sqft
    2019-07-01 0 days 1,698 sqft
    2019-08-01 0 days 1,658 sqft
    2019-09-01 0 days 1,638 sqft
    2019-10-01 0 days 1,621 sqft
    2019-11-01 0 days 1,576 sqft
    2019-12-01 0 days 1,555 sqft
    2020-01-01 0 days 1,506 sqft
    2020-02-01 0 days 1,523 sqft
    2020-03-01 0 days 1,529 sqft
    2020-04-01 0 days 1,544 sqft
    2020-05-01 0 days 1,676 sqft
    2020-06-01 0 days 1,610 sqft
    2020-07-01 0 days 1,646 sqft
    2020-08-01 0 days 1,666 sqft
    2020-09-01 0 days 1,709 sqft
    2020-10-01 0 days 1,703 sqft
    2020-11-01 0 days 1,639 sqft
    2020-12-01 0 days 1,673 sqft
    2021-01-01 0 days 1,680 sqft
    2021-02-01 0 days 1,639 sqft
    2021-03-01 0 days 1,667 sqft
    2021-04-01 0 days 1,691 sqft
    2021-05-01 0 days 1,696 sqft
    2021-06-01 0 days 1,568 sqft
    2021-07-01 0 days 1,567 sqft
    2021-08-01 0 days 1,568 sqft
    2021-09-01 0 days 1,608 sqft
    2021-10-01 0 days 1,737 sqft
    2021-11-01 0 days 1,670 sqft
    2021-12-01 0 days 1,666 sqft
    2022-01-01 0 days 1,704 sqft
    2022-02-01 0 days 1,669 sqft
    2022-03-01 0 days 1,695 sqft
    2022-04-01 0 days 1,683 sqft
    2022-05-01 0 days 1,679 sqft
    2022-06-01 0 days 1,660 sqft
    2022-07-01 0 days 1,676 sqft
    2022-08-01 0 days 1,669 sqft
    2022-09-01 0 days 1,636 sqft
    2022-10-01 0 days 1,672 sqft
    2022-11-01 0 days 1,694 sqft
    2022-12-01 0 days 1,567 sqft
    2023-01-01 0 days 1,627 sqft
    2023-02-01 0 days 1,568 sqft
    2023-03-01 0 days 1,654 sqft
    2023-04-01 0 days 1,631 sqft
    2023-05-01 0 days 1,676 sqft
    2023-06-01 0 days 1,679 sqft
    2023-07-01 0 days 1,676 sqft
    2023-08-01 0 days 1,749 sqft
    2023-09-01 0 days 1,714 sqft
    2023-10-01 0 days 1,676 sqft
    2023-11-01 0 days 1,690 sqft
    2023-12-01 0 days 1,700 sqft
    2024-01-01 0 days 1,684 sqft
    2024-02-01 0 days 1,647 sqft
    2024-03-01 0 days 1,700 sqft
    2024-04-01 0 days 1,702 sqft
    2024-05-01 0 days 1,696 sqft
    2024-06-01 0 days 1,716 sqft
    2024-07-01 0 days 1,653 sqft
    2024-08-01 0 days 1,706 sqft
    2024-09-01 0 days 1,705 sqft
    2024-10-01 0 days 1,678 sqft
    Fairmont's median listing age (time on market) for 2024-10-01 was 0 days.

    Fairmont's median square footage for active listings during the 2024-10-01 period was 1,678 sqft. One year prior, the average listing was 1,676 sqft.