Harrisburg USDA Loan Rates, Closing Costs & Stats

HARRISBURG-CARLISLE, PA

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.