Harrisonburg USDA Loan Rates, Closing Costs & Stats
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 18 lenders originated 51 USDA loans during 2022. The total origination value was $12,145,000, with an average USDA loan value of $238,137.
Harrisonburg USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Harrisonburg
averaged
-0.3%
for the week of 2023-11-24, compared to the national average (all USDA variants) of
0% for the same period.
Harrisonburg's average USDA mortgage closing costs are $5,234.
The average rate for the prior week (2023-11-17) was
6.69% and
one month ago for the week of 2023-10-20, the
average rate was 6.81%.
The average rate one year ago was 6.05%.
For refis of the same type during the week of 2023-11-24, the average rate
was -1.07%.
Harrisonburg 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 Harrisonburg level.
| Name | # of Loans | 2022 Avg. 30yFix Rate | 2022 Avg. Closing Costs |
|---|---|---|---|
| NVR Mortgage Finance, Inc. | 9 | 4.15% | $8,053 |
| Integrity Home Mortgage Corp | 9 | 4.65% | $6,662 |
| CBM Mortgage, Inc. | 5 | 4.98% | $7,755 |
| DUPONT COMMUNITY | 4 | 4.03% | $5,506 |
| F & M BANK CORP. | 4 | 3.34% | $6,746 |
| MOVEMENT MORTGAGE, LLC | 4 | 4.19% | $5,408 |
| Alcova Mortgage LLC | 2 | 4.44% | $4,203 |
| C & F Mortgage Corporation | 2 | 4.75% | $6,337 |
| George Mason Mortgage, LLC | 2 | 5.06% | $7,095 |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | 2 | 3.75% | $6,929 |
| Citizens Bank | 1 | 4.75% | $6,142 |
| Atlantic Union Bank | 1 | 3.50% | $5,101 |
| NATIONS RELIABLE LENDING, LLC | 1 | 3.00% | $7,385 |
| ATLANTIC BAY MORTGAGE GROUP, L.L.C. | 1 | 4.25% | $9,811 |
| PLANET HOME LENDING, LLC | 1 | 4.75% | $7,527 |
| UNITED WHOLESALE MORTGAGE, LLC | 1 | 4.63% | $13,334 |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | 1 | 7.25% | $7,295 |
| UNION HOME MORTGAGE CORP. | 1 | 6.25% | $6,441 |
The top Harrisonburg USDA lender as defined by loan originations is NVR Mortgage Finance, Inc., with
9 USDA loans originated. Their average total fees are
$8,053, which is $1,390
higher than the next largest lender,
Integrity Home Mortgage Corp.
The lowest fee Harrisonburg USDA lenders (with over 10 loans originated) are
.
The lowest rate Harrisonburg USDA lenders (with over 10 loans originated) are
.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Harrisonburg (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 | $246,300 (10.8%) | $367,059 (24.4%) | 0.00 | 318 |
| 2018-02-01 | $249,650 (8.1%) | $379,654 (21.1%) | 0.00 | 313 |
| 2018-03-01 | $258,786 (8.0%) | $374,763 (11.7%) | 0.00 | 332 |
| 2018-04-01 | $268,528 (3.3%) | $373,098 (7.2%) | 0.00 | 358 |
| 2018-05-01 | $265,000 (-1.8%) | $367,611 (5.1%) | 0.00 | 377 |
| 2018-06-01 | $263,000 (-4.3%) | $371,162 (4.3%) | 0.00 | 386 |
| 2018-07-01 | $257,325 (-6.4%) | $348,753 (-2.0%) | 0.00 | 376 |
| 2018-08-01 | $262,750 (5.1%) | $349,041 (1.2%) | 0.00 | 386 |
| 2018-09-01 | $259,900 (4.0%) | $340,025 (-1.7%) | 0.00 | 369 |
| 2018-10-01 | $259,800 (5.5%) | $344,604 (1.0%) | 0.00 | 363 |
| 2018-11-01 | $262,400 (6.9%) | $355,133 (2.7%) | 0.00 | 352 |
| 2018-12-01 | $260,000 (8.6%) | $360,531 (0.8%) | 0.00 | 324 |
| 2019-01-01 | $259,575 (5.4%) | $364,788 (-0.6%) | 0.00 | 303 |
| 2019-02-01 | $251,975 (0.9%) | $356,539 (-6.1%) | 0.00 | 299 |
| 2019-03-01 | $265,100 (2.4%) | $364,388 (-2.8%) | 0.00 | 292 |
| 2019-04-01 | $279,900 (4.2%) | $367,892 (-1.4%) | 0.00 | 287 |
| 2019-05-01 | $286,000 (7.9%) | $378,317 (2.9%) | 0.00 | 291 |
| 2019-06-01 | $299,825 (14.0%) | $457,646 (23.3%) | 0.00 | 306 |
| 2019-07-01 | $299,900 (16.6%) | $459,508 (31.8%) | 0.00 | 308 |
| 2019-08-01 | $298,427 (13.6%) | $465,376 (33.3%) | 0.00 | 308 |
| 2019-09-01 | $296,218 (14.0%) | $468,885 (37.9%) | 0.00 | 308 |
| 2019-10-01 | $291,750 (12.3%) | $420,041 (21.9%) | 0.00 | 301 |
| 2019-11-01 | $288,250 (9.9%) | $365,847 (3.0%) | 0.00 | 270 |
| 2019-12-01 | $285,225 (9.7%) | $366,814 (1.7%) | 0.00 | 222 |
| 2020-01-01 | $289,675 (11.6%) | $372,556 (2.1%) | 0.00 | 197 |
| 2020-02-01 | $294,500 (16.9%) | $379,569 (6.5%) | 0.00 | 196 |
| 2020-03-01 | $307,423 (16.0%) | $397,633 (9.1%) | 0.00 | 202 |
| 2020-04-01 | $296,893 (6.1%) | $384,622 (4.6%) | 0.00 | 229 |
| 2020-05-01 | $299,900 (4.9%) | $379,075 (0.2%) | 0.00 | 232 |
| 2020-06-01 | $307,400 (2.5%) | $387,353 (-15.4%) | 0.00 | 228 |
| 2020-07-01 | $316,000 (5.4%) | $401,696 (-12.6%) | 0.00 | 219 |
| 2020-08-01 | $317,500 (6.4%) | $413,992 (-11.0%) | 0.00 | 197 |
| 2020-09-01 | $320,975 (8.4%) | $429,634 (-8.4%) | 0.00 | 160 |
| 2020-10-01 | $307,450 (5.4%) | $429,734 (2.3%) | 0.00 | 173 |
| 2020-11-01 | $298,500 (3.6%) | $425,869 (16.4%) | 0.00 | 171 |
| 2020-12-01 | $299,495 (5.0%) | $408,716 (11.4%) | 0.00 | 149 |
| 2021-01-01 | $305,000 (5.3%) | $420,021 (12.7%) | 0.00 | 127 |
| 2021-02-01 | $300,498 (2.0%) | $441,419 (16.3%) | 0.00 | 115 |
| 2021-03-01 | $289,250 (-5.9%) | $445,483 (12.0%) | 0.00 | 121 |
| 2021-04-01 | $299,558 (0.9%) | $453,737 (18.0%) | 0.00 | 121 |
| 2021-05-01 | $299,000 (-0.3%) | $458,969 (21.1%) | 0.00 | 115 |
| 2021-06-01 | $310,275 (0.9%) | $472,349 (21.9%) | 0.00 | 109 |
| 2021-07-01 | $310,400 (-1.8%) | $467,010 (16.3%) | 0.00 | 146 |
| 2021-08-01 | $305,175 (-3.9%) | $444,066 (7.3%) | 0.00 | 141 |
| 2021-09-01 | $303,173 (-5.6%) | $431,942 (0.5%) | 0.00 | 151 |
| 2021-10-01 | $314,950 (2.4%) | $454,599 (5.8%) | 0.00 | 137 |
| 2021-11-01 | $331,748 (11.1%) | $478,252 (12.3%) | 0.00 | 114 |
| 2021-12-01 | $328,000 (9.5%) | $467,558 (14.4%) | 0.00 | 101 |
| 2022-01-01 | $345,000 (13.1%) | $451,078 (7.4%) | 0.00 | 109 |
| 2022-02-01 | $346,500 (15.3%) | $457,987 (3.8%) | 0.00 | 107 |
| 2022-03-01 | $346,500 (19.8%) | $431,325 (-3.2%) | 0.00 | 124 |
| 2022-04-01 | $349,000 (16.5%) | $434,398 (-4.3%) | 0.00 | 140 |
| 2022-05-01 | $328,743 (10.0%) | $410,885 (-10.5%) | 0.00 | 139 |
| 2022-06-01 | $346,248 (11.6%) | $409,271 (-13.4%) | 0.00 | 161 |
| 2022-07-01 | $339,900 (9.5%) | $402,076 (-13.9%) | 0.00 | 168 |
| 2022-08-01 | $343,975 (12.7%) | $421,129 (-5.2%) | 0.00 | 173 |
| 2022-09-01 | $347,750 (14.7%) | $443,518 (2.7%) | 0.00 | 148 |
| 2022-10-01 | $332,000 (5.4%) | $445,297 (-2.1%) | 0.00 | 151 |
| 2022-11-01 | $348,000 (4.9%) | $436,543 (-8.7%) | 0.00 | 146 |
| 2022-12-01 | $339,000 (3.4%) | $437,556 (-6.4%) | 0.00 | 136 |
| 2023-01-01 | $348,450 (1.0%) | $439,764 (-2.5%) | 0.00 | 130 |
| 2023-02-01 | $349,900 (1.0%) | $434,814 (-5.1%) | 0.00 | 117 |
| 2023-03-01 | $348,950 (0.7%) | $433,019 (0.4%) | 0.00 | 119 |
| 2023-04-01 | $362,495 (3.9%) | $449,558 (3.5%) | 0.00 | 125 |
| 2023-05-01 | $357,495 (8.8%) | $447,570 (8.9%) | 0.00 | 130 |
| 2023-06-01 | $377,448 (9.0%) | $454,399 (11.0%) | 0.00 | 140 |
| 2023-07-01 | $382,495 (12.5%) | $451,473 (12.3%) | 0.00 | 151 |
| 2023-08-01 | $388,498 (12.9%) | $469,120 (11.4%) | 0.00 | 186 |
| 2023-09-01 | $383,495 (10.3%) | $479,384 (8.1%) | 0.00 | 203 |
| 2023-10-01 | $380,995 (14.8%) | $481,296 (8.1%) | 0.00 | 215 |
Harrisonburg's median listing price comes in at 0% of the national average.
Harrisonburg's average listing price for 2023-10-01 was $481,296, a difference of $35,999 (8.1%) versus the prior year and $1,912 versus the prior month.
For the 2023-10-01 period, Harrisonburg had 215 MLS listings, a difference of 12 listings (6%) versus the prior month and 64 listings (42%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Harrisonburg (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 0 days | 1,921 sqft |
| 2018-02-01 | 0 days | 1,983 sqft |
| 2018-03-01 | 0 days | 2,000 sqft |
| 2018-04-01 | 0 days | 2,017 sqft |
| 2018-05-01 | 0 days | 1,997 sqft |
| 2018-06-01 | 0 days | 1,986 sqft |
| 2018-07-01 | 0 days | 1,979 sqft |
| 2018-08-01 | 0 days | 1,989 sqft |
| 2018-09-01 | 0 days | 2,009 sqft |
| 2018-10-01 | 0 days | 1,947 sqft |
| 2018-11-01 | 0 days | 2,029 sqft |
| 2018-12-01 | 0 days | 2,028 sqft |
| 2019-01-01 | 0 days | 2,018 sqft |
| 2019-02-01 | 0 days | 1,895 sqft |
| 2019-03-01 | 0 days | 1,982 sqft |
| 2019-04-01 | 0 days | 2,096 sqft |
| 2019-05-01 | 0 days | 2,147 sqft |
| 2019-06-01 | 0 days | 2,203 sqft |
| 2019-07-01 | 0 days | 2,191 sqft |
| 2019-08-01 | 0 days | 2,174 sqft |
| 2019-09-01 | 0 days | 2,146 sqft |
| 2019-10-01 | 0 days | 2,113 sqft |
| 2019-11-01 | 0 days | 2,100 sqft |
| 2019-12-01 | 0 days | 2,101 sqft |
| 2020-01-01 | 0 days | 2,070 sqft |
| 2020-02-01 | 0 days | 2,099 sqft |
| 2020-03-01 | 0 days | 2,154 sqft |
| 2020-04-01 | 0 days | 2,080 sqft |
| 2020-05-01 | 0 days | 2,099 sqft |
| 2020-06-01 | 0 days | 2,106 sqft |
| 2020-07-01 | 0 days | 2,080 sqft |
| 2020-08-01 | 0 days | 2,094 sqft |
| 2020-09-01 | 0 days | 2,067 sqft |
| 2020-10-01 | 0 days | 1,896 sqft |
| 2020-11-01 | 0 days | 1,850 sqft |
| 2020-12-01 | 0 days | 1,769 sqft |
| 2021-01-01 | 0 days | 1,795 sqft |
| 2021-02-01 | 0 days | 1,772 sqft |
| 2021-03-01 | 0 days | 1,759 sqft |
| 2021-04-01 | 0 days | 1,770 sqft |
| 2021-05-01 | 0 days | 1,831 sqft |
| 2021-06-01 | 0 days | 1,841 sqft |
| 2021-07-01 | 0 days | 1,841 sqft |
| 2021-08-01 | 0 days | 1,834 sqft |
| 2021-09-01 | 0 days | 1,816 sqft |
| 2021-10-01 | 0 days | 1,738 sqft |
| 2021-11-01 | 0 days | 1,835 sqft |
| 2021-12-01 | 0 days | 1,771 sqft |
| 2022-01-01 | 0 days | 1,841 sqft |
| 2022-02-01 | 0 days | 1,854 sqft |
| 2022-03-01 | 0 days | 1,854 sqft |
| 2022-04-01 | 0 days | 1,860 sqft |
| 2022-05-01 | 0 days | 1,680 sqft |
| 2022-06-01 | 0 days | 1,795 sqft |
| 2022-07-01 | 0 days | 1,797 sqft |
| 2022-08-01 | 0 days | 1,871 sqft |
| 2022-09-01 | 0 days | 1,893 sqft |
| 2022-10-01 | 0 days | 1,908 sqft |
| 2022-11-01 | 0 days | 1,908 sqft |
| 2022-12-01 | 0 days | 1,848 sqft |
| 2023-01-01 | 0 days | 1,870 sqft |
| 2023-02-01 | 0 days | 1,866 sqft |
| 2023-03-01 | 0 days | 1,796 sqft |
| 2023-04-01 | 0 days | 1,854 sqft |
| 2023-05-01 | 0 days | 1,816 sqft |
| 2023-06-01 | 0 days | 1,968 sqft |
| 2023-07-01 | 0 days | 1,947 sqft |
| 2023-08-01 | 0 days | 1,994 sqft |
| 2023-09-01 | 0 days | 1,947 sqft |
| 2023-10-01 | 0 days | 1,950 sqft |
Harrisonburg's median square footage for active listings during the 2023-10-01 period was 1,950 sqft. One year prior, the average listing was 1,908 sqft.