Hagerstown USDA Loans
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 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%.
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.
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. LouisDate | 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 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. LouisDate | 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 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.