Harrisburg USDA Loans

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 43 lenders originated 173 USDA loans during 2021. The total origination value was $31,245,000, with an average USDA loan value of $180,607.

    Harrisburg USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Harrisburg averaged 5.11% for the week of 2022-05-20, compared to the national average (all USDA variants) of 5.315% for the same period.

    The average rate for the prior week (2022-05-13) was 5.3% and one month ago for the week of 2022-04-15, the average rate was 4.79%.

    The average rate one year ago was 3.14%.

    For refis of the same type during the week of 2022-05-20, the average rate was 4.89%.

    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 and rates for USDA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Harrisburg level.

    Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
    Northpointe Bank 20 2.51% $6,238
    Mortgage America, Inc. 16 2.88% $5,256
    HOME POINT FINANCIAL CORPORATION 15 2.72% $5,923
    Flagstar Bank, FSB 14 2.93% $4,702
    Integrity Home Mortgage Corp 12 2.79% $8,071
    HOMESPIRE MORTGAGE CORPORATION 8 3.08% $6,692
    RESIDENTIAL MORTGAGE SERVICES, INC. 8 2.80% $6,167
    UNION HOME MORTGAGE CORP. 8 2.52% $7,067
    CROSSCOUNTRY MORTGAGE, LLC 7 2.94% $7,709
    CALIBER HOME LOANS, INC. 4 2.88% $5,973
    HOMEBRIDGE FINANCIAL SERVICES, INC. 4 2.71% $5,054
    LOANDEPOT.COM, LLC 3 2.92% $5,727
    Citizens Bank 3 3.04% $6,511
    TIDEWATER MORTGAGE SERVICES, INC. 3 2.75% $7,259
    MCLEAN MORTGAGE CORPORATION 3 3.00% $5,307
    Orrstown Bank 3 2.92% $5,573
    Manufacturers and Traders Trust Company 2 3.00% $5,296
    EMM LOANS LLC 2 3.00% $5,662
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 3.31% $5,989
    Foote Capital Mortgage Company 2 3.13% $1,981
    GUILD MORTGAGE COMPANY 2 3.13% $6,314
    Keystone Funding, Inc. 2 2.44% $6,600
    Sierra Pacific Mortgage Company, Inc. 2 3.38% $5,559
    SOUTHPOINT FINANCIAL SERVICES, INC. 2 2.81% $3,867
    Bank of England 1 3.75% $9,684
    Fulton Bank 1 2.75% $5,446
    ACNB Bank 1 2.25% $5,151
    First Guaranty Mortgage Corporation 1 3.25% $7,057
    MEMBERS 1ST FEDERAL CREDIT UNION 1 2.45% $6,873
    Meridian Bank Corporation 1 3.00% $6,400
    MICHIGAN MUTUAL, INC. 1 2.50% $6,888
    Farmers and Merchants Trust Company of Chambersburg 1 2.45% $5,734
    DRAPER AND KRAMER MORTGAGE CORP. 1 2.75% $4,137
    Carrington Mortgage Services, LLC 1 3.13% $5,624
    PANORAMA MORTGAGE GROUP, LLC 1 2.88% $6,807
    PATRIOT 1 2.50% $6,353
    PENNYMAC LOAN SERVICES, LLC 1 2.75% $5,223
    BELCO COMMUNITY CREDIT UNION 1 2.63% $6,540
    ALLIED MORTGAGE GROUP, INC. 1 2.75% $7,057
    Wells Fargo Bank 1 2.25% $7,898
    GUARANTEED RATE AFFINITY, LLC 1 3.00% $4,915
    GENEVA FINANCIAL, LLC 1 3.25% $5,923
    Jersey Shore State Bank 1 2.63% $5,969

    The top Harrisburg USDA lender as defined by loan originations is Northpointe Bank, with 20 USDA loans originated. Their average total fees are $6,238, which is $982 higher than the next largest lender, Mortgage America, Inc..

    The lowest fee Harrisburg USDA lenders (with over 10 loans originated) are Flagstar Bank, FSB ($4,702), Mortgage America, Inc. ($5,256), HOME POINT FINANCIAL CORPORATION ($5,923), Northpointe Bank ($6,238) and Integrity Home Mortgage Corp ($8,071).

    The lowest rate Harrisburg USDA lenders (with over 10 loans originated) are Northpointe Bank (2.51%), HOME POINT FINANCIAL CORPORATION (2.72%), Integrity Home Mortgage Corp (2.79%), Mortgage America, Inc. (2.88%) and Flagstar Bank, FSB (2.93%).

    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 $198,950 (10.6%) $242,317 (4.8%) 0.73 1,827
    2018-02-01 $202,400 (10.1%) $246,107 (5.3%) 0.73 1,727
    2018-03-01 $209,900 (12.3%) $255,716 (7.2%) 0.73 1,687
    2018-04-01 $207,500 (6.5%) $256,778 (4.1%) 0.70 1,708
    2018-05-01 $224,099 (11.2%) $265,776 (5.7%) 0.75 1,809
    2018-06-01 $219,900 (10.0%) $263,265 (4.1%) 0.73 1,962
    2018-07-01 $216,000 (8.5%) $261,594 (3.9%) 0.72 2,001
    2018-08-01 $219,900 (10.3%) $260,923 (4.0%) 0.73 2,034
    2018-09-01 $219,990 (13.5%) $261,314 (6.1%) 0.74 1,974
    2018-10-01 $218,700 (15.1%) $261,554 (8.0%) 0.73 1,963
    2018-11-01 $216,350 (13.9%) $259,876 (8.6%) 0.73 1,869
    2018-12-01 $219,000 (15.0%) $258,033 (8.4%) 0.75 1,676
    2019-01-01 $218,800 (10.0%) $255,992 (5.6%) 0.75 1,506
    2019-02-01 $219,950 (8.7%) $256,457 (4.2%) 0.74 1,414
    2019-03-01 $220,986 (5.3%) $261,923 (2.4%) 0.72 1,397
    2019-04-01 $220,036 (6.0%) $266,678 (3.9%) 0.69 1,439
    2019-05-01 $219,950 (-1.9%) $266,266 (0.2%) 0.68 1,539
    2019-06-01 $225,000 (2.3%) $269,281 (2.3%) 0.69 1,585
    2019-07-01 $230,000 (6.5%) $274,310 (4.9%) 0.71 1,593
    2019-08-01 $234,240 (6.5%) $279,410 (7.1%) 0.74 1,535
    2019-09-01 $236,743 (7.6%) $287,002 (9.8%) 0.75 1,430
    2019-10-01 $236,250 (8.0%) $285,426 (9.1%) 0.75 1,471
    2019-11-01 $234,900 (8.6%) $281,904 (8.5%) 0.76 1,465
    2019-12-01 $236,750 (8.1%) $284,492 (10.3%) 0.79 1,279
    2020-01-01 $238,713 (9.1%) $285,770 (11.6%) 0.80 1,091
    2020-02-01 $239,995 (9.1%) $290,432 (13.3%) 0.77 965
    2020-03-01 $249,900 (13.1%) $296,623 (13.3%) 0.78 917
    2020-04-01 $250,000 (13.6%) $298,218 (11.8%) 0.78 863
    2020-05-01 $250,000 (13.7%) $299,092 (12.3%) 0.76 923
    2020-06-01 $259,650 (15.4%) $303,225 (12.6%) 0.76 936
    2020-07-01 $260,000 (13.0%) $308,643 (12.5%) 0.75 816
    2020-08-01 $255,000 (8.9%) $313,578 (12.2%) 0.73 770
    2020-09-01 $256,450 (8.3%) $317,915 (10.8%) 0.73 744
    2020-10-01 $260,000 (10.1%) $327,368 (14.7%) 0.74 683
    2020-11-01 $262,150 (11.6%) $323,684 (14.8%) 0.75 637
    2020-12-01 $253,800 (7.2%) $313,704 (10.3%) 0.74 616
    2021-01-01 $259,900 (8.9%) $319,887 (11.9%) 0.76 533
    2021-02-01 $264,950 (10.4%) $323,601 (11.4%) 0.76 443
    2021-03-01 $276,945 (10.8%) $332,128 (12.0%) 0.78 454
    2021-04-01 $270,000 (8.0%) $340,712 (14.3%) 0.73 451
    2021-05-01 $269,999 (8.0%) $340,005 (13.7%) 0.71 500
    2021-06-01 $239,900 (-7.6%) $314,701 (3.8%) 0.62 650
    2021-07-01 $241,200 (-7.2%) $307,916 (-0.2%) 0.63 678
    2021-08-01 $239,750 (-6.0%) $307,649 (-1.9%) 0.63 698
    2021-09-01 $239,900 (-6.5%) $299,603 (-5.8%) 0.63 680
    2021-10-01 $249,900 (-3.9%) $317,703 (-3.0%) 0.66 662
    2021-11-01 $249,900 (-4.7%) $325,540 (0.6%) 0.66 618
    2021-12-01 $247,400 (-2.5%) $314,768 (0.3%) 0.66 536
    2022-01-01 $230,000 (-11.5%) $310,653 (-2.9%) 0.61 469
    2022-02-01 $262,450 (-0.9%) $335,529 (3.7%) 0.67 413
    2022-03-01 $264,250 (-4.6%) $335,143 (0.9%) 0.65 436
    2022-04-01 $289,999 (7.4%) $341,844 (0.3%) 0.68 491
    Harrisburg's median listing price for 2022-04-01 was $289,999, a difference of $19,999 (7.4%) versus the prior year and $25,749 versus the prior month.

    Harrisburg's median listing price comes in at 68% of the national average.

    Harrisburg's average listing price for 2022-04-01 was $341,844, a difference of $1,132 (0.3%) versus the prior year and $6,701 versus the prior month.

    For the 2022-04-01 period, Harrisburg had 491 MLS listings, a difference of 55 listings (13%) versus the prior month and 40 listings (9%) 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
    2018-01-01 101 days 1,800 sqft
    2018-02-01 99 days 1,812 sqft
    2018-03-01 81 days 1,840 sqft
    2018-04-01 70 days 1,831 sqft
    2018-05-01 60 days 1,850 sqft
    2018-06-01 58 days 1,970 sqft
    2018-07-01 65 days 1,950 sqft
    2018-08-01 67 days 1,952 sqft
    2018-09-01 71 days 1,970 sqft
    2018-10-01 73 days 1,945 sqft
    2018-11-01 79 days 1,921 sqft
    2018-12-01 88 days 1,919 sqft
    2019-01-01 98 days 1,907 sqft
    2019-02-01 99 days 1,920 sqft
    2019-03-01 57 days 1,918 sqft
    2019-04-01 45 days 1,931 sqft
    2019-05-01 45 days 2,007 sqft
    2019-06-01 51 days 2,022 sqft
    2019-07-01 57 days 2,061 sqft
    2019-08-01 60 days 2,088 sqft
    2019-09-01 58 days 2,129 sqft
    2019-10-01 58 days 2,110 sqft
    2019-11-01 63 days 2,102 sqft
    2019-12-01 75 days 2,098 sqft
    2020-01-01 88 days 2,094 sqft
    2020-02-01 85 days 2,105 sqft
    2020-03-01 54 days 2,121 sqft
    2020-04-01 67 days 2,100 sqft
    2020-05-01 70 days 2,136 sqft
    2020-06-01 39 days 2,137 sqft
    2020-07-01 39 days 2,121 sqft
    2020-08-01 36 days 2,120 sqft
    2020-09-01 39 days 2,079 sqft
    2020-10-01 53 days 2,083 sqft
    2020-11-01 55 days 2,067 sqft
    2020-12-01 59 days 2,056 sqft
    2021-01-01 70 days 2,057 sqft
    2021-02-01 67 days 2,067 sqft
    2021-03-01 51 days 2,055 sqft
    2021-04-01 44 days 2,020 sqft
    2021-05-01 40 days 1,964 sqft
    2021-06-01 38 days 1,856 sqft
    2021-07-01 40 days 1,898 sqft
    2021-08-01 42 days 1,861 sqft
    2021-09-01 47 days 1,864 sqft
    2021-10-01 48 days 1,831 sqft
    2021-11-01 48 days 1,838 sqft
    2021-12-01 57 days 1,840 sqft
    2022-01-01 58 days 1,844 sqft
    2022-02-01 52 days 1,880 sqft
    2022-03-01 37 days 1,860 sqft
    2022-04-01 37 days 1,904 sqft
    Harrisburg's median listing age (time on market) for 2022-04-01 was 37 days. This is -15% shorter than the same period one year ago.

    Harrisburg's median square footage for active listings during the 2022-04-01 period was 1,904 sqft. One year prior, the average listing was 2,020 sqft.