Harrisburg USDA Loans

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 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.