Harrisburg USDA Loan Rates, Closing Costs & Stats

HARRISBURG-CARLISLE, PA

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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.

    Harrisburg's 29 lenders originated 68 USDA loans during 2022. The total origination value was $12,410,000, with an average USDA loan value of $182,500.

    Harrisburg USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Harrisburg averaged -0.39% for the week of 2023-11-24, compared to the national average (all USDA variants) of 0% for the same period.

    Harrisburg's average USDA mortgage closing costs are $5,641.

    The average rate for the prior week (2023-11-17) was 7% and one month ago for the week of 2023-10-20, the average rate was 7.12%.

    The average rate one year ago was 6.06%.

    For refis of the same type during the week of 2023-11-24, the average rate was -1.35%.

    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

    Harrisburg 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 Harrisburg level.

    Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    Northpointe Bank 8 4.19% $7,067
    HOME POINT FINANCIAL CORPORATION 6 4.46% $8,005
    Mortgage America, Inc. 6 4.54% $4,979
    UNITED WHOLESALE MORTGAGE, LLC 4 4.50% $6,588
    Univest Bank and Trust Co. 4 4.97% $6,401
    CROSSCOUNTRY MORTGAGE, LLC 3 5.00% $8,668
    Flagstar Bank, FSB 3 2.94% $3,992
    GUILD MORTGAGE COMPANY 3 5.21% $7,404
    HOMESPIRE MORTGAGE CORPORATION 2 4.06% $8,063
    TIDEWATER MORTGAGE SERVICES, INC. 2 5.38% $7,361
    UNION HOME MORTGAGE CORP. 2 4.25% $7,104
    CARDINAL FINANCIAL 2 5.75% $8,599
    EMM LOANS LLC 2 5.13% $6,021
    Integrity Home Mortgage Corp 2 6.13% $9,436
    BROKER SOLUTIONS, INC. 1 3.75% $6,870
    York Traditions Bank 1 3.63% $6,327
    CBM Mortgage, Inc. 1 4.88% $6,375
    CHERRY CREEK MORTGAGE, LLC 1 4.25% $2,778
    FIRST ALLIANCE HOME MORTGAGE, LLC 1 3.88% $7,277
    First Commonwealth Bank 1 5.00% $10,668
    Foote Capital Mortgage Company 1 3.25% $3,127
    GUARANTEED RATE AFFINITY, LLC 1 3.38% $6,080
    LOANDEPOT.COM, LLC 1 5.25% $5,230
    MEMBERS 1ST FEDERAL CREDIT UNION 1 5.13% $7,327
    MICHIGAN MUTUAL, INC. 1 5.50% $13,157
    Northwest Bank 1 4.25% $6,907
    PENNYMAC LOAN SERVICES, LLC 1 3.25% $3,720
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 3.75% $8,399
    Princeton Mortgage Corporation 1 2.88% $14,419

    The top Harrisburg USDA lender as defined by loan originations is Northpointe Bank, with 8 USDA loans originated. Their average total fees are $7,067, which is $938 lower than the next largest lender, HOME POINT FINANCIAL CORPORATION.

    The lowest fee Harrisburg USDA lenders (with over 10 loans originated) are .

    The lowest rate Harrisburg USDA lenders (with over 10 loans originated) are .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Harrisburg (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 $197,325 (10.3%) $241,407 (5.9%) 0.73 1,752
    2018-02-01 $201,950 (13.6%) $244,958 (6.4%) 0.73 1,668
    2018-03-01 $210,000 (13.6%) $254,267 (8.1%) 0.74 1,634
    2018-04-01 $208,500 (9.7%) $256,570 (6.0%) 0.71 1,660
    2018-05-01 $224,400 (12.2%) $265,594 (6.6%) 0.75 1,748
    2018-06-01 $219,900 (10.0%) $261,613 (4.6%) 0.73 1,876
    2018-07-01 $216,546 (11.1%) $260,414 (5.0%) 0.72 1,916
    2018-08-01 $219,900 (12.8%) $258,848 (5.6%) 0.74 1,963
    2018-09-01 $219,900 (15.8%) $260,591 (9.0%) 0.74 1,907
    2018-10-01 $217,133 (14.7%) $260,543 (10.4%) 0.74 1,890
    2018-11-01 $214,450 (15.6%) $258,462 (10.6%) 0.73 1,802
    2018-12-01 $219,083 (16.3%) $256,994 (9.6%) 0.76 1,616
    2019-01-01 $219,375 (11.2%) $256,320 (6.2%) 0.76 1,450
    2019-02-01 $219,950 (8.9%) $255,758 (4.4%) 0.74 1,363
    2019-03-01 $220,000 (4.8%) $262,525 (3.3%) 0.72 1,369
    2019-04-01 $220,000 (5.5%) $268,475 (4.6%) 0.70 1,413
    2019-05-01 $222,400 (-0.9%) $267,875 (0.9%) 0.70 1,499
    2019-06-01 $228,750 (4.0%) $270,088 (3.2%) 0.71 1,531
    2019-07-01 $233,325 (7.8%) $276,352 (6.1%) 0.73 1,556
    2019-08-01 $233,784 (6.3%) $279,537 (8.0%) 0.74 1,518
    2019-09-01 $237,224 (7.9%) $285,670 (9.6%) 0.76 1,451
    2019-10-01 $239,518 (10.3%) $289,235 (11.0%) 0.77 1,429
    2019-11-01 $234,900 (9.5%) $285,176 (10.3%) 0.77 1,406
    2019-12-01 $236,957 (8.2%) $287,632 (11.9%) 0.79 1,237
    2020-01-01 $239,900 (9.4%) $291,108 (13.6%) 0.80 1,064
    2020-02-01 $240,000 (9.1%) $294,808 (15.3%) 0.79 945
    2020-03-01 $249,968 (13.6%) $302,285 (15.2%) 0.78 907
    2020-04-01 $250,850 (14.0%) $304,850 (13.6%) 0.79 830
    2020-05-01 $254,100 (14.3%) $304,844 (13.8%) 0.77 892
    2020-06-01 $257,150 (12.4%) $304,934 (12.9%) 0.76 916
    2020-07-01 $261,200 (12.0%) $313,329 (13.4%) 0.76 793
    2020-08-01 $259,900 (11.2%) $318,057 (13.8%) 0.74 746
    2020-09-01 $256,875 (8.3%) $321,630 (12.6%) 0.74 725
    2020-10-01 $261,400 (9.1%) $325,379 (12.5%) 0.75 661
    2020-11-01 $257,550 (9.6%) $321,425 (12.7%) 0.75 620
    2020-12-01 $253,050 (6.8%) $313,620 (9.0%) 0.75 603
    2021-01-01 $259,900 (8.3%) $320,332 (10.0%) 0.78 525
    2021-02-01 $267,200 (11.3%) $323,099 (9.6%) 0.78 443
    2021-03-01 $278,925 (11.6%) $333,592 (10.4%) 0.79 446
    2021-04-01 $274,225 (9.3%) $341,955 (12.2%) 0.74 444
    2021-05-01 $279,250 (9.9%) $341,370 (12.0%) 0.74 495
    2021-06-01 $239,950 (-6.7%) $312,556 (2.5%) 0.63 633
    2021-07-01 $239,900 (-8.2%) $304,350 (-2.9%) 0.63 663
    2021-08-01 $239,950 (-7.7%) $308,494 (-3.0%) 0.64 684
    2021-09-01 $239,925 (-6.6%) $300,670 (-6.5%) 0.64 668
    2021-10-01 $249,900 (-4.4%) $318,190 (-2.2%) 0.67 654
    2021-11-01 $249,900 (-3.0%) $327,139 (1.8%) 0.67 610
    2021-12-01 $247,350 (-2.3%) $316,953 (1.1%) 0.67 535
    2022-01-01 $234,000 (-10.0%) $311,314 (-2.8%) 0.63 470
    2022-02-01 $261,950 (-2.0%) $336,308 (4.1%) 0.68 414
    2022-03-01 $262,450 (-5.9%) $337,825 (1.3%) 0.66 434
    2022-04-01 $289,900 (5.7%) $343,406 (0.4%) 0.69 492
    2022-05-01 $277,450 (-0.6%) $344,302 (0.9%) 0.63 565
    2022-06-01 $292,450 (21.9%) $355,216 (13.7%) 0.65 641
    2022-07-01 $296,605 (23.6%) $363,585 (19.5%) 0.67 678
    2022-08-01 $312,448 (30.2%) $367,056 (19.0%) 0.72 682
    2022-09-01 $297,450 (24.0%) $361,348 (20.2%) 0.70 703
    2022-10-01 $309,900 (24.0%) $364,632 (14.6%) 0.73 723
    2022-11-01 $309,475 (23.8%) $367,658 (12.4%) 0.74 706
    2022-12-01 $300,000 (21.3%) $363,491 (14.7%) 0.74 632
    2023-01-01 $319,998 (36.8%) $380,017 (22.1%) 0.79 538
    2023-02-01 $322,400 (23.1%) $388,535 (15.5%) 0.78 518
    2023-03-01 $344,900 (31.4%) $404,928 (19.9%) 0.81 505
    2023-04-01 $319,990 (10.4%) $389,345 (13.4%) 0.74 473
    2023-05-01 $320,550 (15.5%) $393,588 (14.3%) 0.73 503
    2023-06-01 $324,500 (11.0%) $397,203 (11.8%) 0.73 510
    2023-07-01 $332,350 (12.1%) $402,284 (10.6%) 0.76 519
    2023-08-01 $337,225 (7.9%) $405,813 (10.6%) 0.77 542
    2023-09-01 $330,000 (10.9%) $411,843 (14.0%) 0.77 577
    2023-10-01 $322,400 (4.0%) $403,593 (10.7%) 0.76 647
    Harrisburg's median listing price for 2023-10-01 was $322,400, a difference of $12,500 (4.0%) versus the prior year and $-7,600 versus the prior month.

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

    Harrisburg's average listing price for 2023-10-01 was $403,593, a difference of $38,961 (10.7%) versus the prior year and $-8,250 versus the prior month.

    For the 2023-10-01 period, Harrisburg had 647 MLS listings, a difference of 70 listings (12%) versus the prior month and -76 listings (-11%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Harrisburg (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 93 days 1,800 sqft
    2018-02-01 88 days 1,815 sqft
    2018-03-01 72 days 1,846 sqft
    2018-04-01 60 days 1,833 sqft
    2018-05-01 54 days 1,850 sqft
    2018-06-01 52 days 1,970 sqft
    2018-07-01 59 days 1,954 sqft
    2018-08-01 62 days 1,950 sqft
    2018-09-01 64 days 1,966 sqft
    2018-10-01 67 days 1,943 sqft
    2018-11-01 72 days 1,920 sqft
    2018-12-01 80 days 1,920 sqft
    2019-01-01 89 days 1,907 sqft
    2019-02-01 85 days 1,902 sqft
    2019-03-01 61 days 1,907 sqft
    2019-04-01 42 days 1,936 sqft
    2019-05-01 42 days 2,018 sqft
    2019-06-01 47 days 2,029 sqft
    2019-07-01 54 days 2,075 sqft
    2019-08-01 54 days 2,068 sqft
    2019-09-01 54 days 2,095 sqft
    2019-10-01 56 days 2,114 sqft
    2019-11-01 60 days 2,105 sqft
    2019-12-01 74 days 2,100 sqft
    2020-01-01 86 days 2,095 sqft
    2020-02-01 72 days 2,100 sqft
    2020-03-01 50 days 2,133 sqft
    2020-04-01 64 days 2,102 sqft
    2020-05-01 66 days 2,132 sqft
    2020-06-01 37 days 2,118 sqft
    2020-07-01 35 days 2,111 sqft
    2020-08-01 32 days 2,117 sqft
    2020-09-01 36 days 2,079 sqft
    2020-10-01 50 days 2,084 sqft
    2020-11-01 51 days 2,067 sqft
    2020-12-01 54 days 2,058 sqft
    2021-01-01 65 days 2,063 sqft
    2021-02-01 59 days 2,071 sqft
    2021-03-01 48 days 2,059 sqft
    2021-04-01 41 days 2,018 sqft
    2021-05-01 36 days 1,964 sqft
    2021-06-01 34 days 1,850 sqft
    2021-07-01 36 days 1,882 sqft
    2021-08-01 37 days 1,863 sqft
    2021-09-01 43 days 1,853 sqft
    2021-10-01 43 days 1,816 sqft
    2021-11-01 44 days 1,829 sqft
    2021-12-01 51 days 1,822 sqft
    2022-01-01 52 days 1,829 sqft
    2022-02-01 43 days 1,869 sqft
    2022-03-01 32 days 1,855 sqft
    2022-04-01 33 days 1,888 sqft
    2022-05-01 35 days 1,882 sqft
    2022-06-01 35 days 1,918 sqft
    2022-07-01 38 days 1,935 sqft
    2022-08-01 39 days 1,954 sqft
    2022-09-01 43 days 1,937 sqft
    2022-10-01 44 days 1,950 sqft
    2022-11-01 47 days 1,960 sqft
    2022-12-01 57 days 1,949 sqft
    2023-01-01 68 days 1,989 sqft
    2023-02-01 60 days 1,933 sqft
    2023-03-01 47 days 2,011 sqft
    2023-04-01 38 days 2,010 sqft
    2023-05-01 35 days 1,990 sqft
    2023-06-01 38 days 1,993 sqft
    2023-07-01 38 days 2,031 sqft
    2023-08-01 34 days 2,038 sqft
    2023-09-01 37 days 2,048 sqft
    2023-10-01 36 days 1,978 sqft
    Harrisburg's median listing age (time on market) for 2023-10-01 was 36 days. This is -18% shorter than the same period one year ago.

    Harrisburg's median square footage for active listings during the 2023-10-01 period was 1,978 sqft. One year prior, the average listing was 1,950 sqft.