Hagerstown USDA Loan Rates, Closing Costs & Stats
HAGERSTOWN-MARTINSBURG, MD-WV
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 66 lenders originated 378 USDA loans during 2022. The total origination value was $88,920,000, with an average USDA loan value of $235,238.
Hagerstown USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Hagerstown
averaged
6.35%
for the week of 2023-05-26, compared to the national average (all USDA variants) of
6.63% for the same period.
Hagerstown's average USDA mortgage closing costs are $6,016.
The average rate for the prior week (2023-05-19) was
5.99% and
one month ago for the week of 2023-04-21, the
average rate was 6.2%.
The average rate one year ago was 4.72%.
For refis of the same type during the week of 2023-05-26, the average rate
was 5.42%.
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.
The top Hagerstown USDA lender as defined by loan originations is Integrity Home Mortgage Corp, with
84 USDA loans originated. Their average total fees are
$7,707, which is $227
higher than the next largest lender,
PRIMELENDING, A PLAINSCAPITAL COMPANY.
The lowest fee Hagerstown USDA lenders (with over 10 loans originated) are
UNION HOME MORTGAGE CORP. ($6,141), CBM Mortgage, Inc. ($7,075), FINANCE OF AMERICA MORTGAGE LLC ($7,208), PRIMELENDING, A PLAINSCAPITAL COMPANY ($7,480) and Integrity Home Mortgage Corp ($7,707).
The lowest rate Hagerstown USDA lenders (with over 10 loans originated) are
UNION HOME MORTGAGE CORP. (4.09%), NVR Mortgage Finance, Inc. (4.22%), UNITED WHOLESALE MORTGAGE, LLC (4.36%), CBM Mortgage, Inc. (4.49%) and PRIMELENDING, A PLAINSCAPITAL COMPANY (4.59%).
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Hagerstown (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 | $204,945 (7.8%) | $226,923 (4.0%) | 0.76 | 1,192 |
2018-02-01 | $209,990 (9.1%) | $231,965 (5.9%) | 0.76 | 1,192 |
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 (6.0%) | 0.77 | 1,497 |
2018-08-01 | $229,450 (10.6%) | $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 | $230,000 (5.0%) | $255,615 (6.8%) | 0.77 | 1,248 |
2019-04-01 | $234,900 (6.8%) | $261,320 (9.1%) | 0.75 | 1,338 |
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 | $234,900 (2.4%) | $264,216 (5.4%) | 0.74 | 1,531 |
2019-09-01 | $239,945 (4.8%) | $269,364 (7.1%) | 0.76 | 1,364 |
2019-10-01 | $239,900 (4.4%) | $267,882 (7.2%) | 0.77 | 1,423 |
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 (6.5%) | $279,653 (9.4%) | 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%) | $284,390 (7.3%) | 0.72 | 745 |
2020-07-01 | $249,990 (8.7%) | $286,115 (8.9%) | 0.72 | 658 |
2020-08-01 | $256,445 (9.2%) | $291,379 (10.3%) | 0.73 | 587 |
2020-09-01 | $259,445 (8.1%) | $293,291 (8.9%) | 0.74 | 563 |
2020-10-01 | $252,990 (5.5%) | $287,603 (7.4%) | 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 | $274,995 (10.4%) | $325,226 (13.7%) | 0.73 | 299 |
2021-06-01 | $268,650 (9.2%) | $326,492 (14.8%) | 0.71 | 373 |
2021-07-01 | $279,450 (11.8%) | $328,033 (14.7%) | 0.74 | 449 |
2021-08-01 | $282,500 (10.2%) | $343,322 (17.8%) | 0.75 | 479 |
2021-09-01 | $282,950 (9.1%) | $338,296 (15.3%) | 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 | $324,445 (18.3%) | $360,981 (16.7%) | 0.77 | 354 |
2022-05-01 | $323,445 (17.6%) | $361,648 (11.2%) | 0.74 | 455 |
2022-06-01 | $322,450 (20.0%) | $368,048 (12.7%) | 0.72 | 532 |
2022-07-01 | $315,490 (12.9%) | $361,143 (10.1%) | 0.71 | 632 |
2022-08-01 | $320,945 (13.6%) | $357,971 (4.3%) | 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 |
2022-12-01 | $314,445 (7.1%) | $353,724 (8.0%) | 0.78 | 678 |
2023-01-01 | $324,473 (6.4%) | $363,450 (7.5%) | 0.80 | 573 |
2023-02-01 | $327,450 (5.4%) | $376,444 (9.6%) | 0.79 | 528 |
2023-03-01 | $324,188 (1.0%) | $380,657 (8.3%) | 0.76 | 532 |
2023-04-01 | $329,900 (1.7%) | $388,602 (7.7%) | 0.77 | 523 |
Hagerstown's median listing price comes in at 77% of the national average.
Hagerstown's average listing price for 2023-04-01 was $388,602, a difference of $27,621 (7.7%) versus the prior year and $7,945 versus the prior month.
For the 2023-04-01 period, Hagerstown had 523 MLS listings, a difference of -9 listings (-2%) versus the prior month and 169 listings (48%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Hagerstown (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 100 days | 1,731 sqft |
2018-02-01 | 94 days | 1,779 sqft |
2018-03-01 | 71 days | 1,791 sqft |
2018-04-01 | 64 days | 1,781 sqft |
2018-05-01 | 55 days | 1,781 sqft |
2018-06-01 | 58 days | 1,890 sqft |
2018-07-01 | 69 days | 1,915 sqft |
2018-08-01 | 75 days | 1,886 sqft |
2018-09-01 | 81 days | 1,900 sqft |
2018-10-01 | 84 days | 1,923 sqft |
2018-11-01 | 83 days | 1,928 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 | 74 days | 1,902 sqft |
2019-04-01 | 60 days | 1,919 sqft |
2019-05-01 | 59 days | 1,918 sqft |
2019-06-01 | 65 days | 1,926 sqft |
2019-07-01 | 62 days | 1,908 sqft |
2019-08-01 | 71 days | 1,900 sqft |
2019-09-01 | 82 days | 1,920 sqft |
2019-10-01 | 78 days | 1,903 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 | 1,951 sqft |
2020-07-01 | 62 days | 1,933 sqft |
2020-08-01 | 58 days | 2,006 sqft |
2020-09-01 | 58 days | 1,990 sqft |
2020-10-01 | 63 days | 1,915 sqft |
2020-11-01 | 57 days | 1,889 sqft |
2020-12-01 | 64 days | 1,845 sqft |
2021-01-01 | 54 days | 1,823 sqft |
2021-02-01 | 46 days | 1,844 sqft |
2021-03-01 | 51 days | 1,799 sqft |
2021-04-01 | 37 days | 1,823 sqft |
2021-05-01 | 37 days | 1,881 sqft |
2021-06-01 | 34 days | 1,810 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 | 1,822 sqft |
2021-11-01 | 41 days | 1,859 sqft |
2021-12-01 | 46 days | 1,839 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 | 1,897 sqft |
2022-05-01 | 32 days | 1,898 sqft |
2022-06-01 | 33 days | 1,915 sqft |
2022-07-01 | 39 days | 1,926 sqft |
2022-08-01 | 43 days | 1,921 sqft |
2022-09-01 | 50 days | 1,905 sqft |
2022-10-01 | 51 days | 1,889 sqft |
2022-11-01 | 53 days | 1,864 sqft |
2022-12-01 | 63 days | 1,859 sqft |
2023-01-01 | 67 days | 1,860 sqft |
2023-02-01 | 56 days | 1,860 sqft |
2023-03-01 | 45 days | 1,832 sqft |
2023-04-01 | 43 days | 1,874 sqft |
Hagerstown's median square footage for active listings during the 2023-04-01 period was 1,874 sqft. One year prior, the average listing was 1,897 sqft.