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 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 6.79% for the week of 2024-04-12, compared to the national average (all USDA variants) of 6.705% for the same period.

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

The average rate for the prior week (2024-04-05) was 6.52% and one month ago for the week of 2024-03-08, the average rate was 6.27%.

The average rate one year ago was 6.38%.

For refis of the same type during the week of 2024-04-12, the average rate was 7%.

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
Hagerstown's median listing price for 2024-03-01 was $344,945, a difference of $19,972 (6.2%) versus the prior year and $1,205 versus the prior month.

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

Hagerstown's average listing price for 2024-03-01 was $420,193, a difference of $39,348 (10.3%) versus the prior year and $-2,587 versus the prior month.

For the 2024-03-01 period, Hagerstown had 468 MLS listings, a difference of -5 listings (-1%) versus the prior month and -64 listings (-12%) 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 1,776 sqft
2024-03-01 40 days 1,792 sqft
Hagerstown's median listing age (time on market) for 2024-03-01 was 40 days. This is 4% longer than the same period one year ago.

Hagerstown's median square footage for active listings during the 2024-03-01 period was 1,792 sqft. One year prior, the average listing was 1,835 sqft.