Hagerstown USDA Loans

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 5.33% for the week of 2022-05-13, compared to the national average (all USDA variants) of 5.294% for the same period.

    The average rate for the prior week (2022-05-06) was 5.56% and one month ago for the week of 2022-04-08, the average rate was 4.92%.

    The average rate one year ago was 3.13%.

    For refis of the same type during the week of 2022-05-13, the average rate was 5.07%.

    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 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. Total Fees
    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 $209,900 (7.7%) $228,936 (3.5%) 0.77 1,043
    2018-02-01 $214,900 (10.0%) $234,246 (5.7%) 0.78 1,045
    2018-03-01 $219,900 (10.0%) $241,781 (6.2%) 0.76 1,062
    2018-04-01 $219,900 (10.0%) $242,007 (5.9%) 0.74 1,164
    2018-05-01 $224,945 (7.2%) $249,701 (6.5%) 0.75 1,259
    2018-06-01 $229,000 (9.1%) $253,405 (7.0%) 0.76 1,345
    2018-07-01 $229,900 (9.5%) $254,798 (7.1%) 0.77 1,341
    2018-08-01 $229,900 (9.7%) $255,617 (6.9%) 0.77 1,368
    2018-09-01 $229,900 (9.5%) $255,753 (7.6%) 0.77 1,311
    2018-10-01 $229,900 (9.3%) $253,529 (8.0%) 0.77 1,299
    2018-11-01 $231,950 (10.5%) $256,047 (9.3%) 0.78 1,316
    2018-12-01 $233,990 (15.6%) $254,189 (12.6%) 0.80 1,227
    2019-01-01 $229,945 (9.6%) $253,565 (10.8%) 0.79 1,133
    2019-02-01 $231,995 (8.0%) $258,817 (10.5%) 0.78 1,129
    2019-03-01 $234,453 (6.6%) $261,912 (8.3%) 0.76 1,133
    2019-04-01 $234,503 (6.6%) $263,492 (8.9%) 0.74 1,183
    2019-05-01 $235,000 (4.5%) $264,780 (6.0%) 0.72 1,247
    2019-06-01 $237,990 (3.9%) $266,852 (5.3%) 0.73 1,284
    2019-07-01 $231,495 (0.7%) $264,816 (3.9%) 0.72 1,315
    2019-08-01 $234,237 (1.9%) $267,047 (4.5%) 0.74 1,270
    2019-09-01 $237,992 (3.5%) $268,916 (5.2%) 0.76 1,218
    2019-10-01 $239,900 (4.4%) $270,763 (6.8%) 0.77 1,246
    2019-11-01 $239,900 (3.4%) $271,807 (6.2%) 0.77 1,156
    2019-12-01 $239,900 (2.5%) $274,877 (8.1%) 0.80 989
    2020-01-01 $239,450 (4.1%) $274,266 (8.2%) 0.80 885
    2020-02-01 $245,000 (5.6%) $280,596 (8.4%) 0.79 847
    2020-03-01 $249,000 (6.2%) $285,983 (9.2%) 0.78 848
    2020-04-01 $249,150 (6.3%) $284,368 (7.9%) 0.78 843
    2020-05-01 $249,900 (6.3%) $292,714 (10.6%) 0.76 763
    2020-06-01 $249,900 (5.0%) $289,696 (8.6%) 0.73 664
    2020-07-01 $249,945 (8.0%) $289,148 (9.2%) 0.72 583
    2020-08-01 $259,900 (11.0%) $297,919 (11.6%) 0.74 532
    2020-09-01 $259,945 (9.2%) $298,478 (11.0%) 0.74 508
    2020-10-01 $257,990 (7.5%) $295,444 (9.1%) 0.74 476
    2020-11-01 $258,495 (7.8%) $295,949 (8.9%) 0.74 421
    2020-12-01 $259,900 (8.3%) $292,497 (6.4%) 0.76 394
    2021-01-01 $265,990 (11.1%) $295,561 (7.8%) 0.78 351
    2021-02-01 $261,950 (6.9%) $295,987 (5.5%) 0.75 250
    2021-03-01 $260,000 (4.4%) $298,889 (4.5%) 0.73 259
    2021-04-01 $272,250 (9.3%) $311,004 (9.4%) 0.73 245
    2021-05-01 $275,000 (10.0%) $330,421 (12.9%) 0.72 259
    2021-06-01 $271,200 (8.5%) $329,353 (13.7%) 0.70 320
    2021-07-01 $277,450 (11.0%) $328,005 (13.4%) 0.72 376
    2021-08-01 $287,450 (10.6%) $344,679 (15.7%) 0.76 428
    2021-09-01 $286,950 (10.4%) $337,220 (13.0%) 0.76 407
    2021-10-01 $286,500 (11.1%) $332,939 (12.7%) 0.75 405
    2021-11-01 $297,000 (14.9%) $337,360 (14.0%) 0.78 425
    2021-12-01 $297,000 (14.3%) $326,840 (11.7%) 0.79 389
    2022-01-01 $310,000 (16.6%) $335,909 (13.7%) 0.83 327
    2022-02-01 $310,490 (18.5%) $339,551 (14.7%) 0.79 278
    2022-03-01 $324,740 (24.9%) $352,153 (17.8%) 0.80 278
    2022-04-01 $322,990 (18.6%) $353,895 (13.8%) 0.76 317
    Hagerstown's median listing price for 2022-04-01 was $322,990, a difference of $50,740 (18.6%) versus the prior year and $-1,750 versus the prior month.

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

    Hagerstown's average listing price for 2022-04-01 was $353,895, a difference of $42,891 (13.8%) versus the prior year and $1,742 versus the prior month.

    For the 2022-04-01 period, Hagerstown had 317 MLS listings, a difference of 39 listings (14%) versus the prior month and 72 listings (29%) 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 93 days 1,760 sqft
    2018-02-01 85 days 1,793 sqft
    2018-03-01 65 days 1,798 sqft
    2018-04-01 59 days 1,798 sqft
    2018-05-01 53 days 1,798 sqft
    2018-06-01 56 days 1,895 sqft
    2018-07-01 67 days 1,920 sqft
    2018-08-01 73 days 1,899 sqft
    2018-09-01 78 days 1,918 sqft
    2018-10-01 80 days 1,937 sqft
    2018-11-01 80 days 1,938 sqft
    2018-12-01 88 days 1,918 sqft
    2019-01-01 92 days 1,897 sqft
    2019-02-01 94 days 1,911 sqft
    2019-03-01 70 days 1,927 sqft
    2019-04-01 57 days 1,921 sqft
    2019-05-01 57 days 1,918 sqft
    2019-06-01 64 days 1,930 sqft
    2019-07-01 60 days 1,915 sqft
    2019-08-01 61 days 1,915 sqft
    2019-09-01 72 days 1,920 sqft
    2019-10-01 71 days 1,925 sqft
    2019-11-01 77 days 1,929 sqft
    2019-12-01 96 days 1,935 sqft
    2020-01-01 88 days 1,906 sqft
    2020-02-01 63 days 1,897 sqft
    2020-03-01 50 days 1,915 sqft
    2020-04-01 58 days 1,915 sqft
    2020-05-01 70 days 1,974 sqft
    2020-06-01 74 days 1,973 sqft
    2020-07-01 60 days 1,937 sqft
    2020-08-01 58 days 2,011 sqft
    2020-09-01 56 days 2,004 sqft
    2020-10-01 59 days 1,929 sqft
    2020-11-01 58 days 1,896 sqft
    2020-12-01 63 days 1,842 sqft
    2021-01-01 54 days 1,828 sqft
    2021-02-01 46 days 1,855 sqft
    2021-03-01 46 days 1,811 sqft
    2021-04-01 37 days 1,819 sqft
    2021-05-01 38 days 1,896 sqft
    2021-06-01 35 days 1,834 sqft
    2021-07-01 36 days 1,861 sqft
    2021-08-01 34 days 1,855 sqft
    2021-09-01 42 days 1,853 sqft
    2021-10-01 44 days 1,864 sqft
    2021-11-01 38 days 1,885 sqft
    2021-12-01 45 days 1,868 sqft
    2022-01-01 52 days 1,897 sqft
    2022-02-01 48 days 1,840 sqft
    2022-03-01 42 days 1,894 sqft
    2022-04-01 35 days 1,890 sqft
    Hagerstown's median listing age (time on market) for 2022-04-01 was 35 days. This is -5% shorter than the same period one year ago.

    Hagerstown's median square footage for active listings during the 2022-04-01 period was 1,890 sqft. One year prior, the average listing was 1,819 sqft.