Harrisonburg USDA Loans
HARRISONBURG, VA
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.
Harrisonburg's 29 lenders originated 115 USDA loans during 2021. The total origination value was $24,645,000, with an average USDA loan value of $214,304.
Harrisonburg USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Harrisonburg
averaged
5.43%
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
5.36% and
one month ago for the week of 2022-04-08, the
average rate was 4.93%.
The average rate one year ago was 3.14%.
For refis of the same type during the week of 2022-05-13, the average rate
was 5.22%.
Harrisonburg 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 Harrisonburg level.
The top Harrisonburg USDA lender as defined by loan originations is C & F Mortgage Corporation, with
15 USDA loans originated. Their average total fees are
$5,430, which is $363
higher than the next largest lender,
DUPONT COMMUNITY.
The lowest fee Harrisonburg USDA lenders (with over 10 loans originated) are
DUPONT COMMUNITY ($5,067), MOVEMENT MORTGAGE, LLC ($5,227), C & F Mortgage Corporation ($5,430), F & M BANK CORP. ($5,535) and .
The lowest rate Harrisonburg USDA lenders (with over 10 loans originated) are
F & M BANK CORP. (2.85%), C & F Mortgage Corporation (2.86%), MOVEMENT MORTGAGE, LLC (3.00%), DUPONT COMMUNITY (3.20%) and .
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Harrisonburg (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 | $249,400 (8.7%) | $363,190 (21.1%) | 0.00 | 351 |
2018-02-01 | $255,329 (9.8%) | $379,064 (18.6%) | 0.00 | 345 |
2018-03-01 | $268,111 (11.7%) | $375,124 (10.4%) | 0.00 | 366 |
2018-04-01 | $269,900 (2.7%) | $372,418 (5.9%) | 0.00 | 394 |
2018-05-01 | $269,000 (-2.2%) | $369,306 (4.6%) | 0.00 | 420 |
2018-06-01 | $269,000 (-2.2%) | $373,724 (3.8%) | 0.00 | 431 |
2018-07-01 | $264,250 (-3.9%) | $355,244 (-1.0%) | 0.00 | 421 |
2018-08-01 | $264,950 (5.6%) | $353,752 (3.2%) | 0.00 | 426 |
2018-09-01 | $264,900 (6.0%) | $346,713 (0.9%) | 0.00 | 403 |
2018-10-01 | $259,900 (5.0%) | $348,954 (2.4%) | 0.00 | 395 |
2018-11-01 | $266,200 (7.6%) | $365,099 (6.1%) | 0.00 | 382 |
2018-12-01 | $267,500 (9.2%) | $376,103 (5.5%) | 0.00 | 356 |
2019-01-01 | $265,000 (6.3%) | $375,012 (3.3%) | 0.00 | 335 |
2019-02-01 | $259,250 (1.5%) | $368,148 (-2.9%) | 0.00 | 330 |
2019-03-01 | $275,357 (2.7%) | $381,520 (1.7%) | 0.00 | 324 |
2019-04-01 | $291,200 (7.9%) | $387,638 (4.1%) | 0.00 | 319 |
2019-05-01 | $299,375 (11.3%) | $398,004 (7.8%) | 0.00 | 329 |
2019-06-01 | $309,000 (14.9%) | $411,530 (10.1%) | 0.00 | 342 |
2019-07-01 | $312,000 (18.1%) | $420,890 (18.5%) | 0.00 | 342 |
2019-08-01 | $319,000 (20.4%) | $426,772 (20.6%) | 0.00 | 336 |
2019-09-01 | $319,000 (20.4%) | $431,333 (24.4%) | 0.00 | 334 |
2019-10-01 | $294,900 (13.5%) | $407,918 (16.9%) | 0.00 | 335 |
2019-11-01 | $289,900 (8.9%) | $385,422 (5.6%) | 0.00 | 307 |
2019-12-01 | $289,900 (8.4%) | $392,822 (4.5%) | 0.00 | 255 |
2020-01-01 | $292,450 (10.4%) | $397,170 (5.9%) | 0.00 | 224 |
2020-02-01 | $298,000 (15.0%) | $405,687 (10.2%) | 0.00 | 225 |
2020-03-01 | $317,000 (15.1%) | $417,368 (9.4%) | 0.00 | 227 |
2020-04-01 | $299,450 (2.8%) | $399,875 (3.2%) | 0.00 | 470 |
2020-05-01 | $314,900 (5.2%) | $390,400 (-1.9%) | 0.00 | 475 |
2020-06-01 | $318,000 (2.9%) | $403,424 (-2.0%) | 0.00 | 468 |
2020-07-01 | $322,970 (3.5%) | $425,141 (1.0%) | 0.00 | 444 |
2020-08-01 | $319,900 (0.3%) | $431,748 (1.2%) | 0.00 | 406 |
2020-09-01 | $337,250 (5.7%) | $450,232 (4.4%) | 0.00 | 322 |
2020-10-01 | $309,900 (5.1%) | $456,756 (12.0%) | 0.00 | 339 |
2020-11-01 | $310,123 (7.0%) | $456,862 (18.5%) | 0.00 | 341 |
2020-12-01 | $299,950 (3.5%) | $445,151 (13.3%) | 0.00 | 289 |
2021-01-01 | $309,950 (6.0%) | $448,922 (13.0%) | 0.00 | 247 |
2021-02-01 | $307,750 (3.3%) | $470,022 (15.9%) | 0.00 | 230 |
2021-03-01 | $293,650 (-7.4%) | $465,530 (11.5%) | 0.00 | 240 |
2021-04-01 | $309,000 (3.2%) | $477,369 (19.4%) | 0.00 | 243 |
2021-05-01 | $299,950 (-4.8%) | $480,446 (23.1%) | 0.00 | 229 |
2021-06-01 | $316,450 (-0.5%) | $501,477 (24.3%) | 0.00 | 219 |
2021-07-01 | $316,450 (-2.0%) | $488,554 (14.9%) | 0.00 | 275 |
2021-08-01 | $312,650 (-2.3%) | $466,835 (8.1%) | 0.00 | 279 |
2021-09-01 | $310,400 (-8.0%) | $453,070 (0.6%) | 0.00 | 305 |
2021-10-01 | $317,900 (2.6%) | $458,846 (0.5%) | 0.00 | 275 |
2021-11-01 | $341,950 (10.3%) | $474,906 (4.0%) | 0.00 | 225 |
2021-12-01 | $346,500 (15.5%) | $475,457 (6.8%) | 0.00 | 197 |
2022-01-01 | $348,000 (12.3%) | $457,655 (2.0%) | 0.00 | 208 |
2022-02-01 | $356,250 (15.8%) | $474,240 (0.9%) | 0.00 | 212 |
2022-03-01 | $349,950 (19.2%) | $446,301 (-4.1%) | 0.00 | 237 |
2022-04-01 | $349,990 (13.3%) | $444,318 (-6.9%) | 0.00 | 264 |
Harrisonburg's median listing price comes in at 0% of the national average.
Harrisonburg's average listing price for 2022-04-01 was $444,318, a difference of $-33,051 (-6.9%) versus the prior year and $-1,983 versus the prior month.
For the 2022-04-01 period, Harrisonburg had 264 MLS listings, a difference of 27 listings (11%) versus the prior month and 21 listings (9%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Harrisonburg (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,965 sqft |
2018-02-01 | 0 days | 1,995 sqft |
2018-03-01 | 0 days | 2,031 sqft |
2018-04-01 | 0 days | 2,038 sqft |
2018-05-01 | 0 days | 2,013 sqft |
2018-06-01 | 0 days | 2,080 sqft |
2018-07-01 | 0 days | 2,021 sqft |
2018-08-01 | 0 days | 2,031 sqft |
2018-09-01 | 0 days | 2,057 sqft |
2018-10-01 | 0 days | 2,016 sqft |
2018-11-01 | 0 days | 2,076 sqft |
2018-12-01 | 0 days | 2,060 sqft |
2019-01-01 | 0 days | 2,065 sqft |
2019-02-01 | 0 days | 2,015 sqft |
2019-03-01 | 0 days | 2,067 sqft |
2019-04-01 | 0 days | 2,157 sqft |
2019-05-01 | 0 days | 2,250 sqft |
2019-06-01 | 0 days | 2,263 sqft |
2019-07-01 | 0 days | 2,244 sqft |
2019-08-01 | 0 days | 2,244 sqft |
2019-09-01 | 0 days | 2,242 sqft |
2019-10-01 | 0 days | 2,150 sqft |
2019-11-01 | 0 days | 2,128 sqft |
2019-12-01 | 0 days | 2,136 sqft |
2020-01-01 | 0 days | 2,112 sqft |
2020-02-01 | 0 days | 2,168 sqft |
2020-03-01 | 0 days | 2,326 sqft |
2020-04-01 | 0 days | 2,125 sqft |
2020-05-01 | 0 days | 2,120 sqft |
2020-06-01 | 0 days | 2,125 sqft |
2020-07-01 | 0 days | 2,129 sqft |
2020-08-01 | 0 days | 2,138 sqft |
2020-09-01 | 0 days | 2,163 sqft |
2020-10-01 | 0 days | 2,032 sqft |
2020-11-01 | 0 days | 1,938 sqft |
2020-12-01 | 0 days | 1,788 sqft |
2021-01-01 | 0 days | 1,800 sqft |
2021-02-01 | 0 days | 1,798 sqft |
2021-03-01 | 0 days | 1,791 sqft |
2021-04-01 | 0 days | 1,813 sqft |
2021-05-01 | 0 days | 1,841 sqft |
2021-06-01 | 0 days | 1,872 sqft |
2021-07-01 | 0 days | 1,883 sqft |
2021-08-01 | 0 days | 1,852 sqft |
2021-09-01 | 0 days | 1,833 sqft |
2021-10-01 | 0 days | 1,794 sqft |
2021-11-01 | 0 days | 1,841 sqft |
2021-12-01 | 0 days | 1,836 sqft |
2022-01-01 | 0 days | 1,841 sqft |
2022-02-01 | 0 days | 1,885 sqft |
2022-03-01 | 0 days | 1,883 sqft |
2022-04-01 | 0 days | 1,903 sqft |
Harrisonburg's median square footage for active listings during the 2022-04-01 period was 1,903 sqft. One year prior, the average listing was 1,813 sqft.