Hagerstown USDA Loan Rates, Closing Costs & Stats

HAGERSTOWN-MARTINSBURG, 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.

    Hagerstown's 90 lenders originated 823 USDA loans during 2021. The total origination value was $179,395,000, with an average USDA loan value of $217,977.

    Hagerstown USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Hagerstown averaged 6.57% for the week of 2022-12-02, compared to the national average (all USDA variants) of 6.437% for the same period.

    Hagerstown's average USDA mortgage closing costs are $5,792.

    The average rate for the prior week (2022-11-25) was 6.5% and one month ago for the week of 2022-10-28, the average rate was 7.08%.

    The average rate one year ago was 3.57%.

    For refis of the same type during the week of 2022-12-02, the average rate was 6.31%.

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

    Hagerstown 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 Hagerstown level.

    Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
    Integrity Home Mortgage Corp 171 3.04% $5,953
    PRIMELENDING, A PLAINSCAPITAL COMPANY 83 3.11% $6,279
    Sierra Pacific Mortgage Company, Inc. 63 2.84% $6,250
    HOMESPIRE MORTGAGE CORPORATION 50 3.00% $6,423
    NVR Mortgage Finance, Inc. 45 2.97% $6,833
    EMBRACE HOME LOANS, INC. 33 2.94% $5,033
    CBM Mortgage, Inc. 32 3.03% $5,661
    PLANET HOME LENDING, LLC 24 3.05% $6,440
    UNION HOME MORTGAGE CORP. 24 2.50% $5,311
    FIRST HOME MORTGAGE CORPORATION 20 3.04% $5,940
    TJC Mortgage, Inc. 17 3.13% $6,987
    LOANDEPOT.COM, LLC 15 2.91% $8,899
    FINANCE OF AMERICA MORTGAGE LLC 14 3.10% $6,088
    CROSSCOUNTRY MORTGAGE, LLC 14 2.95% $5,603
    CONTOUR MORTGAGE CORPORATION 12 3.08% $6,494
    INTERCOASTAL MORTGAGE COMPANY 8 3.01% $5,490
    Blue Ridge Bank 8 2.67% $5,350
    MCLEAN MORTGAGE CORPORATION 8 2.61% $6,537
    Presidential Bank, FSB 7 2.79% $6,110
    Gateway First Bank 7 2.93% $3,543
    HOMEBRIDGE FINANCIAL SERVICES, INC. 7 2.61% $6,832
    Prosperity Home Mortgage, LLC 7 2.55% $5,969
    Alcova Mortgage LLC 6 3.08% $5,525
    MILLENNIUM FINANCIAL GROUP, INC. 6 2.79% $5,712
    George Mason Mortgage, LLC 5 2.75% $5,803
    PENNYMAC LOAN SERVICES, LLC 5 2.81% $4,940
    RESIDENTIAL MORTGAGE SERVICES, INC. 5 2.68% $5,605
    Carrington Mortgage Services, LLC 5 4.00% $7,636
    Towne Bank 5 2.63% $7,331
    SECURITYNATIONAL MORTGAGE COMPANY 5 2.88% $6,756
    TIDEWATER MORTGAGE SERVICES, INC. 4 2.72% $6,080
    BAY CAPITAL MORTGAGE CORPORATION 4 2.88% $5,280
    DIRECT MORTGAGE LOANS, LLC 4 3.34% $6,941
    MICHIGAN MUTUAL, INC. 4 3.06% $5,066
    MOVEMENT MORTGAGE, LLC 4 3.28% $4,121
    UNITED WHOLESALE MORTGAGE, LLC 4 2.84% $6,412
    T2 FINANCIAL LLC 3 3.00% $6,570
    C & F Mortgage Corporation 3 2.63% $5,649
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 3 3.67% $5,678
    CALIBER HOME LOANS, INC. 3 2.92% $7,218
    NFM, INC. 3 3.17% $6,840
    Atlantic Union Bank 3 3.17% $6,649
    DAS Acquisition Company, LLC 3 3.75% $6,282
    HOME POINT FINANCIAL CORPORATION 3 2.88% $5,784
    First Guaranty Mortgage Corporation 2 3.06% $5,673
    Colten Mortgage, LLC 2 3.00% $6,137
    FREEDOM MORTGAGE CORPORATION 2 2.75% $5,790
    CNB Bank Inc. 2 2.56% $5,915
    EMM LOANS LLC 2 2.69% $7,318
    Paramount Residential Mortgage Group, Inc. 2 2.88% $5,948
    SOUTHERN TRUST MORTGAGE, LLC 2 2.69% $2,489
    Meridian Bank Corporation 2 2.56% $5,572
    ACADEMY MORTGAGE CORPORATION 2 3.25% $6,886
    GUILD MORTGAGE COMPANY 2 2.81% $6,202
    Plains Commerce Bank 1 2.75% $6,636
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 1 2.63% $6,508
    Capital Bank 1 3.25% $6,931
    PRIMARY RESIDENTIAL MORTGAGE, INC. 1 3.00% $12,250
    Bank of England 1 3.38% $7,220
    Sandy Spring Bank 1 3.25% $6,249
    Atlantic Coast Mortgage, LLC 1 2.88% $6,330
    SEVERN SAVINGS BANK, FSB DBA SEVERN BANK 1 2.50% $4,787
    APEX HOME LOANS, INC. 1 2.38% $6,901
    ABSOLUTE HOME MORTGAGE CORPORATION 1 3.00% $7,000
    AMERICAN FINANCIAL NETWORK, INC. 1 3.50% $10,833
    ACNB Bank 1 2.50% $6,878
    TOWNE MORTGAGE COMPANY 1 2.75% $7,950
    United Bank 1 3.00% $4,800
    Wells Fargo Bank 1 2.63% $6,234
    U.S. Bank 1 3.75% $4,994
    US MORTGAGE CORPORATION 1 2.75% $7,161
    First Heritage Mortgage, LLC 1 3.00% $5,844
    Flagstar Bank, FSB 1 2.75% $3,841
    First Federal Bank 1 3.13% $5,254
    FIRST COMMUNITY MORTGAGE, INC. 1 2.88% $5,074
    GUARANTEED RATE AFFINITY, LLC 1 2.50% $1,847
    Equity Prime Mortgage LLC 1 2.75% $3,939
    Hometown Equity Mortgage, LLC 1 2.88% $6,045
    KELLER MORTGAGE, LLC 1 3.25% $3,734
    LAKEVIEW LOAN SERVICING, LLC 1 2.75% $2,486
    LEADERONE FINANCIAL CORPORATION 1 2.88% $6,135
    MEMBER FIRST MORTGAGE, LLC 1 2.50% $5,762
    Victorian Finance, LLC 1 2.75% $5,281
    CITYWIDE HOME LOANS, LLC 1 3.50% $6,923
    Waterstone Mortgage Corporation 1 2.88% $8,059
    Nations Lending Corporation 1 3.25% $4,768
    Northpointe Bank 1 2.88% $5,576
    NORWICH COMMERCIAL GROUP, INC. 1 3.25% $7,187
    Citizens Bank 1 3.25% $5,958
    PATRIOT 1 2.50% $4,402

    The top Hagerstown USDA lender as defined by loan originations is Integrity Home Mortgage Corp, with 171 USDA loans originated. Their average total fees are $5,953, which is $326 lower than the next largest lender, PRIMELENDING, A PLAINSCAPITAL COMPANY.

    The lowest fee Hagerstown USDA lenders (with over 10 loans originated) are EMBRACE HOME LOANS, INC. ($5,033), UNION HOME MORTGAGE CORP. ($5,311), CROSSCOUNTRY MORTGAGE, LLC ($5,603), CBM Mortgage, Inc. ($5,661) and FIRST HOME MORTGAGE CORPORATION ($5,940).

    The lowest rate Hagerstown USDA lenders (with over 10 loans originated) are UNION HOME MORTGAGE CORP. (2.50%), Sierra Pacific Mortgage Company, Inc. (2.84%), LOANDEPOT.COM, LLC (2.91%), EMBRACE HOME LOANS, INC. (2.94%) and CROSSCOUNTRY MORTGAGE, LLC (2.95%).

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Hagerstown (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 $204,923 (7.8%) $226,909 (4.0%) 0.76 1,191
    2018-02-01 $209,990 (9.1%) $231,960 (5.9%) 0.76 1,191
    2018-03-01 $219,000 (10.5%) $239,395 (6.7%) 0.77 1,203
    2018-04-01 $219,900 (10.0%) $239,614 (5.8%) 0.75 1,299
    2018-05-01 $224,900 (8.4%) $246,154 (6.4%) 0.75 1,404
    2018-06-01 $225,000 (7.2%) $249,192 (6.2%) 0.75 1,492
    2018-07-01 $229,900 (10.6%) $250,755 (6.1%) 0.77 1,497
    2018-08-01 $229,450 (10.9%) $250,648 (5.7%) 0.77 1,528
    2018-09-01 $229,000 (9.1%) $251,588 (6.6%) 0.77 1,473
    2018-10-01 $229,900 (9.5%) $249,816 (7.2%) 0.78 1,465
    2018-11-01 $229,900 (11.0%) $251,958 (8.9%) 0.78 1,470
    2018-12-01 $229,900 (15.0%) $250,332 (11.6%) 0.79 1,359
    2019-01-01 $229,900 (12.2%) $251,455 (10.8%) 0.79 1,265
    2019-02-01 $229,998 (9.5%) $256,171 (10.4%) 0.78 1,258
    2019-03-01 $234,383 (7.0%) $259,237 (8.3%) 0.77 1,273
    2019-04-01 $234,900 (6.8%) $261,320 (9.1%) 0.75 1,337
    2019-05-01 $235,000 (4.5%) $262,371 (6.6%) 0.73 1,404
    2019-06-01 $237,945 (5.8%) $265,083 (6.4%) 0.74 1,448
    2019-07-01 $229,950 (0.0%) $262,779 (4.8%) 0.72 1,490
    2019-08-01 $232,627 (1.4%) $264,338 (5.5%) 0.74 1,477
    2019-09-01 $236,718 (3.4%) $266,950 (6.1%) 0.76 1,454
    2019-10-01 $239,445 (4.2%) $268,405 (7.4%) 0.77 1,428
    2019-11-01 $239,900 (4.4%) $268,499 (6.6%) 0.79 1,318
    2019-12-01 $239,900 (4.4%) $272,387 (8.8%) 0.80 1,130
    2020-01-01 $236,223 (2.8%) $270,114 (7.4%) 0.79 1,008
    2020-02-01 $243,900 (6.0%) $276,645 (8.0%) 0.80 963
    2020-03-01 $244,900 (4.5%) $279,654 (7.9%) 0.77 959
    2020-04-01 $246,445 (4.9%) $280,145 (7.2%) 0.77 937
    2020-05-01 $249,000 (6.0%) $285,929 (9.0%) 0.76 849
    2020-06-01 $246,075 (3.4%) $284,365 (7.3%) 0.72 744
    2020-07-01 $249,990 (8.7%) $286,115 (8.9%) 0.72 658
    2020-08-01 $256,445 (10.2%) $291,379 (10.2%) 0.73 587
    2020-09-01 $259,445 (9.6%) $293,291 (9.9%) 0.74 563
    2020-10-01 $252,990 (5.7%) $287,603 (7.2%) 0.72 541
    2020-11-01 $254,470 (6.1%) $288,427 (7.4%) 0.74 498
    2020-12-01 $258,950 (7.9%) $286,298 (5.1%) 0.77 461
    2021-01-01 $267,045 (13.1%) $290,372 (7.5%) 0.80 411
    2021-02-01 $261,675 (7.3%) $292,739 (5.8%) 0.76 304
    2021-03-01 $263,000 (7.4%) $294,755 (5.4%) 0.75 304
    2021-04-01 $274,225 (11.3%) $309,376 (10.4%) 0.74 287
    2021-05-01 $274,990 (10.4%) $324,656 (13.5%) 0.73 298
    2021-06-01 $268,650 (9.2%) $326,492 (14.8%) 0.71 373
    2021-07-01 $279,450 (11.8%) $328,355 (14.8%) 0.74 449
    2021-08-01 $282,500 (10.2%) $343,154 (17.8%) 0.75 478
    2021-09-01 $282,950 (9.1%) $338,459 (15.4%) 0.75 455
    2021-10-01 $280,000 (10.7%) $332,988 (15.8%) 0.75 454
    2021-11-01 $296,910 (16.7%) $339,072 (17.6%) 0.79 476
    2021-12-01 $293,748 (13.4%) $327,511 (14.4%) 0.80 434
    2022-01-01 $305,045 (14.2%) $338,221 (16.5%) 0.82 364
    2022-02-01 $310,623 (18.7%) $343,616 (17.4%) 0.81 314
    2022-03-01 $321,123 (22.1%) $351,510 (19.3%) 0.80 316
    2022-04-01 $324,900 (18.5%) $361,117 (16.7%) 0.78 354
    2022-05-01 $323,445 (17.6%) $361,798 (11.4%) 0.74 454
    2022-06-01 $322,973 (20.2%) $368,204 (12.8%) 0.72 531
    2022-07-01 $315,591 (12.9%) $361,256 (10.0%) 0.71 631
    2022-08-01 $320,945 (13.6%) $358,106 (4.4%) 0.74 654
    2022-09-01 $322,000 (13.8%) $363,479 (7.4%) 0.75 664
    2022-10-01 $316,990 (13.2%) $360,426 (8.2%) 0.75 727
    2022-11-01 $315,000 (6.1%) $352,812 (4.1%) 0.76 707
    Hagerstown's median listing price for 2022-11-01 was $315,000, a difference of $18,090 (6.1%) versus the prior year and $-1,990 versus the prior month.

    Hagerstown's median listing price comes in at 76% of the national average.

    Hagerstown's average listing price for 2022-11-01 was $352,812, a difference of $13,740 (4.1%) versus the prior year and $-7,614 versus the prior month.

    For the 2022-11-01 period, Hagerstown had 707 MLS listings, a difference of -20 listings (-3%) versus the prior month and 231 listings (49%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Hagerstown (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 100 days 1,733 sqft
    2018-02-01 94 days 1,780 sqft
    2018-03-01 71 days 1,794 sqft
    2018-04-01 64 days 1,785 sqft
    2018-05-01 55 days 1,785 sqft
    2018-06-01 58 days 1,892 sqft
    2018-07-01 69 days 1,917 sqft
    2018-08-01 75 days 1,886 sqft
    2018-09-01 81 days 1,900 sqft
    2018-10-01 84 days 1,924 sqft
    2018-11-01 83 days 1,926 sqft
    2018-12-01 93 days 1,901 sqft
    2019-01-01 96 days 1,899 sqft
    2019-02-01 99 days 1,910 sqft
    2019-03-01 84 days 1,926 sqft
    2019-04-01 60 days 1,925 sqft
    2019-05-01 59 days 1,918 sqft
    2019-06-01 65 days 1,924 sqft
    2019-07-01 62 days 1,907 sqft
    2019-08-01 67 days 1,901 sqft
    2019-09-01 71 days 1,902 sqft
    2019-10-01 76 days 1,901 sqft
    2019-11-01 84 days 1,907 sqft
    2019-12-01 103 days 1,923 sqft
    2020-01-01 98 days 1,896 sqft
    2020-02-01 71 days 1,898 sqft
    2020-03-01 54 days 1,906 sqft
    2020-04-01 62 days 1,915 sqft
    2020-05-01 73 days 1,944 sqft
    2020-06-01 75 days 1,950 sqft
    2020-07-01 62 days 1,934 sqft
    2020-08-01 58 days 2,002 sqft
    2020-09-01 58 days 1,992 sqft
    2020-10-01 63 days 1,920 sqft
    2020-11-01 57 days 1,887 sqft
    2020-12-01 64 days 1,842 sqft
    2021-01-01 54 days 1,820 sqft
    2021-02-01 46 days 1,848 sqft
    2021-03-01 51 days 1,797 sqft
    2021-04-01 37 days 1,823 sqft
    2021-05-01 37 days 1,872 sqft
    2021-06-01 34 days 1,815 sqft
    2021-07-01 36 days 1,844 sqft
    2021-08-01 35 days 1,826 sqft
    2021-09-01 42 days 1,831 sqft
    2021-10-01 47 days 1,823 sqft
    2021-11-01 41 days 1,860 sqft
    2021-12-01 46 days 1,836 sqft
    2022-01-01 57 days 1,863 sqft
    2022-02-01 49 days 1,810 sqft
    2022-03-01 41 days 1,851 sqft
    2022-04-01 34 days 1,894 sqft
    2022-05-01 32 days 1,898 sqft
    2022-06-01 33 days 1,915 sqft
    2022-07-01 39 days 1,927 sqft
    2022-08-01 43 days 1,921 sqft
    2022-09-01 50 days 1,911 sqft
    2022-10-01 51 days 1,890 sqft
    2022-11-01 53 days 1,867 sqft
    Hagerstown's median listing age (time on market) for 2022-11-01 was 53 days. This is 29% longer than the same period one year ago.

    Hagerstown's median square footage for active listings during the 2022-11-01 period was 1,867 sqft. One year prior, the average listing was 1,860 sqft.