Harrisonburg USDA Loan Rates, Closing Costs & Stats

HARRISONBURG, VA

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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.

    Harrisonburg's 11 lenders originated 20 USDA loans during 2024. The total origination value was $5,270,000, with an average USDA loan value of $263,500.

    Harrisonburg USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Harrisonburg averaged 6.58% for the week of 2025-05-23, compared to the national average (all USDA variants) of 6.433% for the same period.

    Harrisonburg's average USDA mortgage closing costs are $5,479.

    The average rate for the prior week (2025-05-16) was 6.61% and one month ago for the week of 2025-04-18, the average rate was 6.9%.

    The average rate one year ago was 7.16%.

    For refis of the same type during the week of 2025-05-23, the average rate was 6.65%.

    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

    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 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Integrity Home Mortgage Corp 4 6.16% $9,573
    EVERETT FINANCIAL, INC. 3 6.42% $9,612
    Alcova Mortgage LLC 2 6.75% $4,858
    FIRST COMMUNITY MORTGAGE, INC. 2 5.94% $6,525
    NVR Mortgage Finance, Inc. 2 5.94% $6,853
    United Bank 2 5.44% $6,169
    GUILD MORTGAGE COMPANY 1 6.63% $7,272
    Century Mortgage Company DBA Century Lending Company 1 6.75% $5,213
    CMG MORTGAGE, INC. 1 5.99% $8,809
    NEWREZ LLC 1 6.75% $5,988
    F & M BANK CORP. 1 7.00% $5,365

    The top Harrisonburg USDA lender as defined by loan originations is Integrity Home Mortgage Corp, with 4 USDA loans originated. Their average total fees are $9,573, which is $39 lower than the next largest lender, EVERETT FINANCIAL, INC..

    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 $295,000 (17.1%) $379,570 (6.5%) 0.00 197
    2020-03-01 $308,711 (16.5%) $397,553 (9.1%) 0.00 203
    2020-04-01 $297,181 (6.2%) $384,602 (4.5%) 0.00 230
    2020-05-01 $299,900 (4.9%) $379,078 (0.2%) 0.00 233
    2020-06-01 $309,175 (3.1%) $387,324 (-15.4%) 0.00 229
    2020-07-01 $316,125 (5.4%) $401,609 (-12.6%) 0.00 220
    2020-08-01 $317,500 (6.4%) $413,992 (-11.0%) 0.00 197
    2020-09-01 $321,200 (8.4%) $430,337 (-8.2%) 0.00 160
    2020-10-01 $309,450 (6.1%) $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 (1.9%) $441,419 (16.3%) 0.00 115
    2021-03-01 $289,250 (-6.3%) $445,483 (12.1%) 0.00 121
    2021-04-01 $299,558 (0.8%) $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 (0.4%) $472,349 (22.0%) 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 (0.4%) 0.00 151
    2021-10-01 $314,950 (1.8%) $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 $354,950 (8.0%) $446,274 (8.6%) 0.00 132
    2023-06-01 $377,445 (9.0%) $451,962 (10.4%) 0.00 142
    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
    2023-11-01 $369,968 (6.3%) $466,798 (6.9%) 0.00 235
    2023-12-01 $369,990 (9.1%) $471,382 (7.7%) 0.00 217
    2024-01-01 $369,845 (6.1%) $450,359 (2.4%) 0.00 194
    2024-02-01 $369,948 (5.7%) $447,400 (2.9%) 0.00 175
    2024-03-01 $379,990 (8.9%) $461,965 (6.7%) 0.00 172
    2024-04-01 $379,220 (4.6%) $475,805 (5.8%) 0.00 186
    2024-05-01 $372,875 (5.1%) $471,080 (5.6%) 0.00 185
    2024-06-01 $374,900 (-0.7%) $475,303 (5.2%) 0.00 175
    2024-07-01 $397,750 (4.0%) $485,656 (7.6%) 0.00 161
    2024-08-01 $395,000 (1.7%) $482,532 (2.9%) 0.00 176
    2024-09-01 $391,000 (2.0%) $481,425 (0.4%) 0.00 176
    2024-10-01 $379,673 (-0.4%) $470,932 (-2.2%) 0.00 177
    2024-11-01 $389,450 (5.3%) $488,770 (4.7%) 0.00 165
    2024-12-01 $394,675 (6.7%) $500,728 (6.2%) 0.00 163
    2025-01-01 $395,697 (7.0%) $516,199 (14.6%) 0.00 151
    2025-02-01 $401,313 (8.5%) $531,420 (18.8%) 0.00 145
    2025-03-01 $417,000 (9.7%) $546,032 (18.2%) 0.00 161
    2025-04-01 $410,200 (8.2%) $546,093 (14.8%) 0.00 176
    Harrisonburg's median listing price for 2025-04-01 was $410,200, a difference of $30,980 (8.2%) versus the prior year and $-6,800 versus the prior month.

    Harrisonburg's median listing price comes in at 0% of the national average.

    Harrisonburg's average listing price for 2025-04-01 was $546,093, a difference of $70,288 (14.8%) versus the prior year and $61 versus the prior month.

    For the 2025-04-01 period, Harrisonburg had 176 MLS listings, a difference of 15 listings (9%) versus the prior month and -10 listings (-5%) 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 2,156 sqft
    2020-04-01 0 days 2,085 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 2,090 sqft
    2020-10-01 0 days 1,950 sqft
    2020-11-01 0 days 1,866 sqft
    2020-12-01 0 days 1,776 sqft
    2021-01-01 0 days 1,800 sqft
    2021-02-01 0 days 1,788 sqft
    2021-03-01 0 days 1,781 sqft
    2021-04-01 0 days 1,785 sqft
    2021-05-01 0 days 1,839 sqft
    2021-06-01 0 days 1,841 sqft
    2021-07-01 0 days 1,845 sqft
    2021-08-01 0 days 1,839 sqft
    2021-09-01 0 days 1,822 sqft
    2021-10-01 0 days 1,742 sqft
    2021-11-01 0 days 1,837 sqft
    2021-12-01 0 days 1,791 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 1,863 sqft
    2022-05-01 0 days 1,680 sqft
    2022-06-01 0 days 1,797 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 1,813 sqft
    2023-06-01 0 days 1,907 sqft
    2023-07-01 0 days 1,933 sqft
    2023-08-01 0 days 1,976 sqft
    2023-09-01 0 days 1,932 sqft
    2023-10-01 0 days 1,950 sqft
    2023-11-01 0 days 1,921 sqft
    2023-12-01 0 days 1,909 sqft
    2024-01-01 0 days 1,887 sqft
    2024-02-01 0 days 1,853 sqft
    2024-03-01 0 days 1,828 sqft
    2024-04-01 0 days 1,832 sqft
    2024-05-01 0 days 1,792 sqft
    2024-06-01 0 days 1,768 sqft
    2024-07-01 0 days 1,890 sqft
    2024-08-01 0 days 1,886 sqft
    2024-09-01 0 days 1,940 sqft
    2024-10-01 0 days 1,853 sqft
    2024-11-01 0 days 1,947 sqft
    2024-12-01 0 days 1,961 sqft
    2025-01-01 0 days 1,943 sqft
    2025-02-01 0 days 1,974 sqft
    2025-03-01 0 days 1,955 sqft
    2025-04-01 0 days 1,978 sqft
    Harrisonburg's median listing age (time on market) for 2025-04-01 was 0 days.

    Harrisonburg's median square footage for active listings during the 2025-04-01 period was 1,978 sqft. One year prior, the average listing was 1,832 sqft.