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 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 -0.48% for the week of 2023-11-24, compared to the national average (all USDA variants) of 0% for the same period.

    Hagerstown's average USDA mortgage closing costs are $6,016.

    The average rate for the prior week (2023-11-17) was 6.61% and one month ago for the week of 2023-10-20, the average rate was 7.03%.

    The average rate one year ago was 6.17%.

    For refis of the same type during the week of 2023-11-24, the average rate was -1.31%.

    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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    Integrity Home Mortgage Corp 84 4.71% $7,707
    PRIMELENDING, A PLAINSCAPITAL COMPANY 36 4.59% $7,480
    Sierra Pacific Mortgage Company, Inc. 34 4.63% $8,457
    NVR Mortgage Finance, Inc. 25 4.22% $9,483
    HOMESPIRE MORTGAGE CORPORATION 19 4.82% $9,737
    CBM Mortgage, Inc. 17 4.49% $7,075
    UNITED WHOLESALE MORTGAGE, LLC 12 4.36% $8,903
    UNION HOME MORTGAGE CORP. 10 4.09% $6,141
    FINANCE OF AMERICA MORTGAGE LLC 10 4.75% $7,208
    CALIBER HOME LOANS, INC. 6 4.55% $7,251
    SECURITYNATIONAL MORTGAGE COMPANY 6 4.73% $8,476
    FIRST HOME MORTGAGE CORPORATION 6 4.31% $7,812
    PLANET HOME LENDING, LLC 6 5.73% $8,371
    EMBRACE HOME LOANS, INC. 5 5.47% $6,500
    Citizens Bank 4 4.72% $7,174
    George Mason Mortgage, LLC 4 5.00% $7,930
    MCLEAN MORTGAGE CORPORATION 4 4.03% $6,890
    INTERCOASTAL MORTGAGE COMPANY 4 4.88% $6,400
    Paramount Residential Mortgage Group, Inc. 4 5.59% $8,895
    HOME POINT FINANCIAL CORPORATION 4 4.94% $7,409
    GUILD MORTGAGE COMPANY 4 4.19% $7,605
    CONTOUR MORTGAGE CORPORATION 3 4.29% $6,093
    CROSSCOUNTRY MORTGAGE, LLC 3 4.54% $6,235
    Equity Prime Mortgage LLC 3 5.42% $6,343
    Atlantic Coast Mortgage, LLC 3 5.50% $11,000
    Prosperity Home Mortgage, LLC 3 4.16% $6,190
    Carrington Mortgage Services, LLC 3 3.42% $7,508
    ACADEMY MORTGAGE CORPORATION 3 3.42% $5,865
    C & F Mortgage Corporation 3 5.50% $9,342
    LAND HOME FINANCIAL SERVICES, INC. 2 4.25% $9,796
    TOWNE MORTGAGE COMPANY 2 3.31% $8,351
    Towne Bank 2 4.00% $5,882
    First Heritage Mortgage, LLC 2 3.25% $6,376
    CNB Bank Inc. 2 4.56% $5,218
    Alcova Mortgage LLC 2 4.50% $4,555
    DAS Acquisition Company, LLC 2 6.38% $7,025
    LOANDEPOT.COM, LLC 2 3.63% $8,089
    GSF Mortgage Corporation 2 6.31% $11,007
    Wells Fargo Bank 1 5.63% $2,123
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 4.88% $6,886
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 5.63% $8,608
    Atlantic Union Bank 1 6.63% $9,469
    Bank of England 1 3.38% $11,852
    Blue Ridge Bank 1 4.75% $8,497
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 4.50% $5,348
    FBC MORTGAGE, LLC 1 5.75% $8,869
    FIDELITY DIRECT MORTGAGE, LLC 1 4.63% $9,879
    Flagstar Bank, FSB 1 2.88% $5,784
    Fulton Bank 1 5.63% $5,619
    GUARANTY HOME MORTGAGE CORPORATION 1 2.99% $6,123
    HOMEBRIDGE FINANCIAL SERVICES, INC. 1 6.13% $10,945
    HOMESIDE FINANCIAL, LLC 1 4.25% $8,388
    KELLER MORTGAGE, LLC 1 4.13% $4,610
    Meridian Bank Corporation 1 4.63% $5,772
    MICHIGAN MUTUAL, INC. 1 5.63% $11,605
    MID AMERICA MORTGAGE, INC. 1 6.13% $10,724
    MOVEMENT MORTGAGE, LLC 1 5.25% $9,436
    Nations Lending Corporation 1 6.75% $3,261
    NFM, INC. 1 4.25% $6,806
    PATRIOT 1 2.88% $5,350
    PENNYMAC LOAN SERVICES, LLC 1 3.63% $4,671
    THRIVE MORTGAGE, LLC 1 4.50% $6,945
    TJC Mortgage, Inc. 1 5.63% $9,229
    Truist 1 4.75% $4,161
    U.S. Bank 1 5.25% $5,464
    Waterstone Mortgage Corporation 1 5.63% $8,552

    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. 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%) $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 $234,190 (6.9%) $259,209 (8.3%) 0.77 1,273
    2019-04-01 $234,675 (6.7%) $261,254 (9.0%) 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%) $276,644 (8.0%) 0.80 963
    2020-03-01 $244,900 (4.6%) $279,653 (7.9%) 0.77 959
    2020-04-01 $246,445 (5.0%) $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 (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 $274,995 (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 $294,675 (15.8%) $339,010 (17.5%) 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 $310,245 (18.6%) $343,373 (17.3%) 0.81 314
    2022-03-01 $321,123 (22.1%) $351,630 (19.3%) 0.80 316
    2022-04-01 $323,490 (18.0%) $360,981 (16.7%) 0.77 354
    2022-05-01 $323,445 (17.6%) $361,648 (11.2%) 0.74 455
    2022-06-01 $323,745 (20.5%) $368,743 (12.9%) 0.72 532
    2022-07-01 $315,490 (12.9%) $361,720 (10.3%) 0.71 632
    2022-08-01 $320,945 (13.6%) $358,125 (4.3%) 0.74 654
    2022-09-01 $322,225 (13.9%) $363,914 (7.6%) 0.75 665
    2022-10-01 $317,995 (13.6%) $360,813 (8.4%) 0.75 728
    2022-11-01 $315,000 (6.9%) $353,294 (4.2%) 0.76 708
    2022-12-01 $314,445 (7.1%) $354,149 (8.1%) 0.78 679
    2023-01-01 $324,950 (6.5%) $363,985 (7.6%) 0.81 574
    2023-02-01 $327,450 (5.6%) $376,823 (9.7%) 0.79 529
    2023-03-01 $324,973 (1.2%) $381,019 (8.4%) 0.77 533
    2023-04-01 $329,900 (2.0%) $389,018 (7.8%) 0.77 523
    2023-05-01 $336,328 (4.0%) $397,961 (10.0%) 0.76 561
    2023-06-01 $341,493 (5.5%) $401,702 (8.9%) 0.77 562
    2023-07-01 $332,490 (5.4%) $395,737 (9.4%) 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 (12.3%) 0.79 563
    2023-10-01 $338,990 (6.6%) $409,980 (13.6%) 0.80 629
    Hagerstown's median listing price for 2023-10-01 was $338,990, a difference of $20,995 (6.6%) versus the prior year and $1,025 versus the prior month.

    Hagerstown's median listing price comes in at 80% of the national average.

    Hagerstown's average listing price for 2023-10-01 was $409,980, a difference of $49,167 (13.6%) versus the prior year and $1,143 versus the prior month.

    For the 2023-10-01 period, Hagerstown had 629 MLS listings, a difference of 66 listings (12%) versus the prior month and -99 listings (-14%) 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 1,731 sqft
    2018-02-01 83 days 1,778 sqft
    2018-03-01 63 days 1,791 sqft
    2018-04-01 57 days 1,784 sqft
    2018-05-01 50 days 1,787 sqft
    2018-06-01 53 days 1,890 sqft
    2018-07-01 65 days 1,915 sqft
    2018-08-01 70 days 1,886 sqft
    2018-09-01 71 days 1,900 sqft
    2018-10-01 75 days 1,922 sqft
    2018-11-01 73 days 1,926 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 1,925 sqft
    2019-04-01 53 days 1,924 sqft
    2019-05-01 53 days 1,918 sqft
    2019-06-01 59 days 1,922 sqft
    2019-07-01 56 days 1,908 sqft
    2019-08-01 57 days 1,902 sqft
    2019-09-01 62 days 1,904 sqft
    2019-10-01 67 days 1,903 sqft
    2019-11-01 73 days 1,907 sqft
    2019-12-01 93 days 1,923 sqft
    2020-01-01 89 days 1,896 sqft
    2020-02-01 64 days 1,898 sqft
    2020-03-01 50 days 1,906 sqft
    2020-04-01 59 days 1,915 sqft
    2020-05-01 68 days 1,944 sqft
    2020-06-01 66 days 1,951 sqft
    2020-07-01 55 days 1,934 sqft
    2020-08-01 52 days 2,002 sqft
    2020-09-01 52 days 1,992 sqft
    2020-10-01 55 days 1,920 sqft
    2020-11-01 53 days 1,886 sqft
    2020-12-01 59 days 1,837 sqft
    2021-01-01 50 days 1,820 sqft
    2021-02-01 44 days 1,848 sqft
    2021-03-01 46 days 1,799 sqft
    2021-04-01 33 days 1,823 sqft
    2021-05-01 33 days 1,881 sqft
    2021-06-01 33 days 1,810 sqft
    2021-07-01 33 days 1,844 sqft
    2021-08-01 34 days 1,826 sqft
    2021-09-01 40 days 1,831 sqft
    2021-10-01 45 days 1,822 sqft
    2021-11-01 40 days 1,857 sqft
    2021-12-01 46 days 1,836 sqft
    2022-01-01 50 days 1,863 sqft
    2022-02-01 41 days 1,809 sqft
    2022-03-01 35 days 1,851 sqft
    2022-04-01 28 days 1,899 sqft
    2022-05-01 29 days 1,899 sqft
    2022-06-01 30 days 1,915 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 1,890 sqft
    2022-11-01 51 days 1,871 sqft
    2022-12-01 58 days 1,859 sqft
    2023-01-01 59 days 1,865 sqft
    2023-02-01 47 days 1,863 sqft
    2023-03-01 39 days 1,842 sqft
    2023-04-01 38 days 1,874 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
    Hagerstown's median listing age (time on market) for 2023-10-01 was 36 days. This is -27% shorter than the same period one year ago.

    Hagerstown's median square footage for active listings during the 2023-10-01 period was 1,903 sqft. One year prior, the average listing was 1,890 sqft.