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 46 lenders originated 177 USDA loans during 2023. The total origination value was $43,165,000, with an average USDA loan value of $243,870.

    Hagerstown USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Hagerstown averaged -0.31% for the week of 2024-11-15, compared to the national average (all USDA variants) of 0% for the same period.

    Hagerstown's average USDA mortgage closing costs are $6,165.

    The average rate for the prior week (2024-11-08) was 6.34% and one month ago for the week of 2024-10-11, the average rate was 5.8%.

    The average rate one year ago was 7.43%.

    For refis of the same type during the week of 2024-11-15, the average rate was 0.5%.

    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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Integrity Home Mortgage Corp 33 6.61% $9,840
    NVR Mortgage Finance, Inc. 22 5.56% $8,935
    HOMESPIRE MORTGAGE CORPORATION 15 6.30% $6,533
    PRIMELENDING, A PLAINSCAPITAL COMPANY 15 6.07% $7,855
    Sierra Pacific Mortgage Company, Inc. 10 6.24% $12,789
    T2 FINANCIAL LLC 6 6.39% $7,753
    FIRST HOME MORTGAGE CORPORATION 5 6.20% $10,801
    CBM Mortgage, Inc. 4 6.75% $8,338
    MOVEMENT MORTGAGE, LLC 4 6.55% $7,411
    Atlantic Coast Mortgage, LLC 4 5.84% $8,974
    George Mason Mortgage, LLC 4 5.87% $8,434
    UNION HOME MORTGAGE CORP. 4 5.63% $9,864
    EMBRACE HOME LOANS, INC. 4 6.38% $8,933
    INTERCOASTAL MORTGAGE COMPANY 3 6.63% $7,418
    PLANET HOME LENDING, LLC 3 6.29% $9,593
    GSF Mortgage Corporation 3 6.50% $10,178
    CROSSCOUNTRY MORTGAGE, LLC 3 6.06% $9,713
    GUILD MORTGAGE COMPANY 2 6.31% $8,862
    Shore United Bank 2 5.75% $11,973
    Flagstar Bank, FSB 2 6.26% $11,936
    First Heritage Mortgage, LLC 2 5.85% $7,013
    C & F Mortgage Corporation 2 6.31% $6,562
    UNITED WHOLESALE MORTGAGE, LLC 2 5.77% $11,708
    Vellum Mortgage, Inc. 1 6.25% $8,975
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 6.63% $9,865
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 6.63% $8,195
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 7.13% $5,445
    BAY CAPITAL MORTGAGE CORPORATION 1 6.88% $9,667
    CALIBER HOME LOANS, INC. 1 6.50% $9,814
    CARDINAL FINANCIAL 1 5.25% $9,147
    DAS Acquisition Company, LLC 1 6.75% $4,368
    EMM LOANS LLC 1 5.50% $11,881
    Equity Prime Mortgage LLC 1 5.63% $5,365
    GUARANTEED RATE AFFINITY, LLC 1 6.25% $8,671
    HOMESIDE FINANCIAL, LLC 1 5.75% $4,252
    K. HOVNANIAN AMERICAN MORTGAGE, L.L.C. 1 6.25% $13,337
    Meridian Bank Corporation 1 6.50% $6,478
    MICHIGAN MUTUAL, INC. 1 5.63% $8,937
    NORWICH COMMERCIAL GROUP, INC. 1 6.25% $10,840
    Paramount Residential Mortgage Group, Inc. 1 6.13% $13,894
    SECURITYNATIONAL MORTGAGE COMPANY 1 5.63% $8,450
    TIDEWATER MORTGAGE SERVICES, INC. 1 6.50% $11,545
    TJC Mortgage, Inc. 1 7.88% $7,610
    Towne Bank 1 5.63% $5,902
    U.S. Bank 1 6.75% $9,884
    ACADEMY MORTGAGE CORPORATION 1 6.63% $9,389

    The top Hagerstown USDA lender as defined by loan originations is Integrity Home Mortgage Corp, with 33 USDA loans originated. Their average total fees are $9,840, which is $905 higher than the next largest lender, NVR Mortgage Finance, Inc..

    The lowest fee Hagerstown USDA lenders (with over 10 loans originated) are HOMESPIRE MORTGAGE CORPORATION ($6,533), PRIMELENDING, A PLAINSCAPITAL COMPANY ($7,855), NVR Mortgage Finance, Inc. ($8,935), Integrity Home Mortgage Corp ($9,840) and Sierra Pacific Mortgage Company, Inc. ($12,789).

    The lowest rate Hagerstown USDA lenders (with over 10 loans originated) are NVR Mortgage Finance, Inc. (5.56%), PRIMELENDING, A PLAINSCAPITAL COMPANY (6.07%), Sierra Pacific Mortgage Company, Inc. (6.24%), HOMESPIRE MORTGAGE CORPORATION (6.30%) and Integrity Home Mortgage Corp (6.61%).

    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 $204,945 (7.8%) $227,128 (3.8%) 0.76 1,192
    2018-02-01 $209,990 (8.7%) $232,176 (5.7%) 0.76 1,192
    2018-03-01 $219,000 (10.2%) $239,601 (6.5%) 0.77 1,204
    2018-04-01 $219,900 (10.0%) $239,806 (5.7%) 0.75 1,300
    2018-05-01 $224,900 (8.4%) $246,327 (6.3%) 0.75 1,405
    2018-06-01 $225,000 (7.2%) $249,353 (6.2%) 0.75 1,493
    2018-07-01 $229,900 (10.3%) $250,913 (5.9%) 0.77 1,498
    2018-08-01 $229,450 (10.5%) $250,648 (5.5%) 0.77 1,528
    2018-09-01 $229,000 (9.1%) $251,588 (6.4%) 0.77 1,473
    2018-10-01 $229,900 (9.5%) $249,816 (7.0%) 0.78 1,465
    2018-11-01 $229,900 (10.7%) $251,958 (8.8%) 0.78 1,470
    2018-12-01 $229,900 (15.0%) $250,332 (11.5%) 0.79 1,359
    2019-01-01 $229,900 (12.2%) $251,455 (10.7%) 0.79 1,265
    2019-02-01 $229,998 (9.5%) $256,171 (10.3%) 0.78 1,258
    2019-03-01 $233,997 (6.9%) $259,196 (8.2%) 0.77 1,273
    2019-04-01 $234,450 (6.6%) $261,239 (8.9%) 0.74 1,338
    2019-05-01 $235,000 (4.5%) $262,371 (6.5%) 0.73 1,404
    2019-06-01 $237,945 (5.8%) $265,083 (6.3%) 0.74 1,448
    2019-07-01 $229,973 (0.0%) $262,903 (4.8%) 0.72 1,489
    2019-08-01 $232,660 (1.4%) $264,465 (5.5%) 0.74 1,476
    2019-09-01 $236,733 (3.4%) $267,082 (6.2%) 0.76 1,453
    2019-10-01 $239,448 (4.2%) $268,540 (7.5%) 0.77 1,427
    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%) $276,644 (8.0%) 0.80 963
    2020-03-01 $244,900 (4.7%) $279,653 (7.9%) 0.77 959
    2020-04-01 $246,445 (5.1%) $280,145 (7.2%) 0.77 937
    2020-05-01 $249,000 (6.0%) $285,978 (9.0%) 0.76 848
    2020-06-01 $247,150 (3.9%) $284,979 (7.5%) 0.73 741
    2020-07-01 $249,998 (8.7%) $286,985 (9.2%) 0.72 656
    2020-08-01 $257,990 (10.9%) $292,353 (10.6%) 0.74 586
    2020-09-01 $259,673 (9.7%) $293,716 (10.0%) 0.74 561
    2020-10-01 $253,990 (6.1%) $288,360 (7.4%) 0.73 539
    2020-11-01 $254,723 (6.2%) $289,351 (7.8%) 0.74 496
    2020-12-01 $259,445 (8.2%) $287,144 (5.4%) 0.77 459
    2021-01-01 $268,900 (13.8%) $291,571 (7.9%) 0.80 409
    2021-02-01 $261,968 (7.4%) $293,912 (6.2%) 0.76 302
    2021-03-01 $263,498 (7.6%) $295,773 (5.8%) 0.75 302
    2021-04-01 $274,450 (11.4%) $310,635 (10.9%) 0.74 284
    2021-05-01 $275,000 (10.4%) $325,988 (14.0%) 0.73 296
    2021-06-01 $269,900 (9.2%) $324,076 (13.7%) 0.71 370
    2021-07-01 $279,450 (11.8%) $325,440 (13.4%) 0.74 447
    2021-08-01 $282,500 (9.5%) $340,702 (16.5%) 0.75 477
    2021-09-01 $282,950 (9.0%) $335,913 (14.4%) 0.75 453
    2021-10-01 $280,000 (10.2%) $329,607 (14.3%) 0.75 451
    2021-11-01 $294,450 (15.6%) $335,318 (15.9%) 0.79 473
    2021-12-01 $291,995 (12.6%) $323,174 (12.6%) 0.79 431
    2022-01-01 $303,990 (13.1%) $333,484 (14.4%) 0.82 362
    2022-02-01 $310,000 (18.3%) $338,389 (15.1%) 0.81 312
    2022-03-01 $320,245 (21.5%) $350,561 (18.5%) 0.80 315
    2022-04-01 $323,990 (18.1%) $361,117 (16.3%) 0.77 354
    2022-05-01 $323,445 (17.6%) $361,798 (11.0%) 0.74 454
    2022-06-01 $323,745 (20.0%) $368,899 (13.8%) 0.72 531
    2022-07-01 $315,591 (12.9%) $361,833 (11.2%) 0.71 631
    2022-08-01 $320,945 (13.6%) $358,260 (5.2%) 0.74 653
    2022-09-01 $322,225 (13.9%) $363,540 (8.2%) 0.75 664
    2022-10-01 $316,240 (12.9%) $360,426 (9.4%) 0.74 727
    2022-11-01 $315,000 (7.0%) $352,903 (5.2%) 0.76 707
    2022-12-01 $313,990 (7.5%) $353,686 (9.4%) 0.78 678
    2023-01-01 $324,950 (6.9%) $363,500 (9.0%) 0.80 573
    2023-02-01 $326,974 (5.5%) $376,344 (11.2%) 0.79 528
    2023-03-01 $324,973 (1.5%) $380,845 (8.6%) 0.77 532
    2023-04-01 $329,900 (1.8%) $388,533 (7.6%) 0.77 522
    2023-05-01 $336,328 (4.0%) $398,237 (10.1%) 0.76 561
    2023-06-01 $341,495 (5.5%) $401,953 (9.0%) 0.77 562
    2023-07-01 $332,490 (5.4%) $396,278 (9.5%) 0.76 549
    2023-08-01 $330,775 (3.1%) $391,416 (9.3%) 0.76 550
    2023-09-01 $337,965 (4.9%) $408,837 (12.5%) 0.79 563
    2023-10-01 $338,990 (7.2%) $409,980 (13.8%) 0.80 629
    2023-11-01 $335,990 (6.7%) $412,867 (17.0%) 0.80 625
    2023-12-01 $345,000 (9.9%) $412,476 (16.6%) 0.84 581
    2024-01-01 $338,468 (4.2%) $417,600 (14.9%) 0.83 524
    2024-02-01 $343,740 (5.1%) $422,780 (12.3%) 0.83 473
    2024-03-01 $344,945 (6.2%) $420,193 (10.3%) 0.81 468
    2024-04-01 $344,993 (4.6%) $410,053 (5.5%) 0.80 513
    2024-05-01 $350,000 (4.1%) $408,820 (2.7%) 0.79 554
    2024-06-01 $351,990 (3.1%) $407,915 (1.5%) 0.79 622
    2024-07-01 $349,995 (5.3%) $402,816 (1.7%) 0.80 625
    2024-08-01 $339,900 (2.8%) $389,458 (-0.5%) 0.79 630
    2024-09-01 $346,888 (2.6%) $393,398 (-3.8%) 0.82 679
    2024-10-01 $343,251 (1.3%) $387,047 (-5.6%) 0.81 748
    Hagerstown's median listing price for 2024-10-01 was $343,251, a difference of $4,261 (1.3%) versus the prior year and $-3,637 versus the prior month.

    Hagerstown's median listing price comes in at 81% of the national average.

    Hagerstown's average listing price for 2024-10-01 was $387,047, a difference of $-22,933 (-5.6%) versus the prior year and $-6,351 versus the prior month.

    For the 2024-10-01 period, Hagerstown had 748 MLS listings, a difference of 69 listings (10%) versus the prior month and 119 listings (19%) 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 90 days 1,740 sqft
    2018-02-01 83 days 1,786 sqft
    2018-03-01 63 days 1,795 sqft
    2018-04-01 57 days 1,789 sqft
    2018-05-01 50 days 1,793 sqft
    2018-06-01 53 days 1,891 sqft
    2018-07-01 65 days 1,916 sqft
    2018-08-01 70 days 1,886 sqft
    2018-09-01 71 days 1,900 sqft
    2018-10-01 75 days 1,923 sqft
    2018-11-01 73 days 1,922 sqft
    2018-12-01 82 days 1,901 sqft
    2019-01-01 87 days 1,899 sqft
    2019-02-01 88 days 1,910 sqft
    2019-03-01 72 days 1,926 sqft
    2019-04-01 53 days 1,925 sqft
    2019-05-01 53 days 1,918 sqft
    2019-06-01 59 days 1,926 sqft
    2019-07-01 56 days 1,909 sqft
    2019-08-01 58 days 1,902 sqft
    2019-09-01 63 days 1,905 sqft
    2019-10-01 67 days 1,904 sqft
    2019-11-01 73 days 1,907 sqft
    2019-12-01 93 days 1,923 sqft
    2020-01-01 89 days 1,897 sqft
    2020-02-01 64 days 1,898 sqft
    2020-03-01 50 days 1,907 sqft
    2020-04-01 59 days 1,916 sqft
    2020-05-01 68 days 1,953 sqft
    2020-06-01 66 days 1,956 sqft
    2020-07-01 55 days 1,942 sqft
    2020-08-01 51 days 2,011 sqft
    2020-09-01 52 days 1,995 sqft
    2020-10-01 56 days 1,920 sqft
    2020-11-01 52 days 1,888 sqft
    2020-12-01 58 days 1,848 sqft
    2021-01-01 50 days 1,827 sqft
    2021-02-01 44 days 1,854 sqft
    2021-03-01 46 days 1,802 sqft
    2021-04-01 33 days 1,833 sqft
    2021-05-01 34 days 1,893 sqft
    2021-06-01 32 days 1,810 sqft
    2021-07-01 33 days 1,844 sqft
    2021-08-01 34 days 1,819 sqft
    2021-09-01 40 days 1,831 sqft
    2021-10-01 45 days 1,821 sqft
    2021-11-01 39 days 1,857 sqft
    2021-12-01 46 days 1,830 sqft
    2022-01-01 50 days 1,860 sqft
    2022-02-01 41 days 1,802 sqft
    2022-03-01 35 days 1,850 sqft
    2022-04-01 29 days 1,897 sqft
    2022-05-01 29 days 1,898 sqft
    2022-06-01 30 days 1,914 sqft
    2022-07-01 37 days 1,924 sqft
    2022-08-01 41 days 1,920 sqft
    2022-09-01 45 days 1,906 sqft
    2022-10-01 49 days 1,889 sqft
    2022-11-01 51 days 1,870 sqft
    2022-12-01 57 days 1,859 sqft
    2023-01-01 58 days 1,861 sqft
    2023-02-01 46 days 1,862 sqft
    2023-03-01 39 days 1,835 sqft
    2023-04-01 38 days 1,872 sqft
    2023-05-01 30 days 1,824 sqft
    2023-06-01 36 days 1,860 sqft
    2023-07-01 38 days 1,840 sqft
    2023-08-01 38 days 1,813 sqft
    2023-09-01 38 days 1,876 sqft
    2023-10-01 36 days 1,903 sqft
    2023-11-01 42 days 1,831 sqft
    2023-12-01 52 days 1,853 sqft
    2024-01-01 52 days 1,817 sqft
    2024-02-01 39 days 1,777 sqft
    2024-03-01 40 days 1,792 sqft
    2024-04-01 28 days 1,808 sqft
    2024-05-01 28 days 1,874 sqft
    2024-06-01 33 days 1,875 sqft
    2024-07-01 43 days 1,897 sqft
    2024-08-01 45 days 1,849 sqft
    2024-09-01 40 days 1,829 sqft
    2024-10-01 39 days 1,789 sqft
    Hagerstown's median listing age (time on market) for 2024-10-01 was 39 days. This is 8% longer than the same period one year ago.

    Hagerstown's median square footage for active listings during the 2024-10-01 period was 1,789 sqft. One year prior, the average listing was 1,903 sqft.