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 15 lenders originated 23 USDA loans during 2023. The total origination value was $5,675,000, with an average USDA loan value of $246,739.
Harrisonburg USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Harrisonburg
averaged
6.42%
for the week of 2024-06-14, compared to the national average (all USDA variants) of
6.709% for the same period.
Harrisonburg's average USDA mortgage closing costs are $5,405.
The average rate for the prior week (2024-06-07) was
6.52% and
one month ago for the week of 2024-05-10, the
average rate was 6.7%.
The average rate one year ago was 6.66%.
For refis of the same type during the week of 2024-06-14, the average rate
was 6.85%.
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 | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
|---|---|---|---|
| Integrity Home Mortgage Corp | 4 | 6.63% | $8,019 |
| Alcova Mortgage LLC | 3 | 6.70% | $8,192 |
| CBM Mortgage, Inc. | 2 | 6.00% | $9,388 |
| NVR Mortgage Finance, Inc. | 2 | 5.75% | $16,599 |
| C & F Mortgage Corporation | 2 | 6.88% | $5,688 |
| GUARANTY HOME MORTGAGE CORPORATION | 1 | 6.50% | $6,610 |
| MOVEMENT MORTGAGE, LLC | 1 | 6.25% | $10,690 |
| NEWREZ LLC | 1 | 7.25% | $8,658 |
| PLAZA HOME MORTGAGE, INC. | 1 | 5.13% | $8,467 |
| Truist | 1 | 5.25% | $7,506 |
| Waterstone Mortgage Corporation | 1 | 7.00% | $10,158 |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | 1 | 6.13% | $8,086 |
| Bank of England | 1 | 5.50% | $10,966 |
| George Mason Mortgage, LLC | 1 | 6.88% | $5,685 |
| GUARANTEED RATE, INC. | 1 | 6.50% | $13,865 |
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
$8,019, which is $173
lower than the next largest lender,
Alcova Mortgage LLC.
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 | $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 (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 (0.4%) | 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 | $347,750 (4.8%) | $435,887 (-8.9%) | 0.00 | 145 |
| 2022-12-01 | $336,995 (2.7%) | $436,177 (-6.7%) | 0.00 | 135 |
| 2023-01-01 | $347,948 (0.9%) | $438,329 (-2.8%) | 0.00 | 129 |
| 2023-02-01 | $349,900 (1.0%) | $433,207 (-5.4%) | 0.00 | 116 |
| 2023-03-01 | $348,950 (0.7%) | $433,627 (0.5%) | 0.00 | 118 |
| 2023-04-01 | $362,495 (3.9%) | $450,295 (3.7%) | 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 (6.4%) | $466,798 (7.1%) | 0.00 | 235 |
| 2023-12-01 | $369,990 (9.8%) | $471,382 (8.1%) | 0.00 | 217 |
| 2024-01-01 | $369,845 (6.3%) | $450,359 (2.7%) | 0.00 | 194 |
| 2024-02-01 | $369,948 (5.7%) | $447,400 (3.3%) | 0.00 | 175 |
| 2024-03-01 | $379,990 (8.9%) | $461,965 (6.5%) | 0.00 | 172 |
| 2024-04-01 | $379,220 (4.6%) | $475,805 (5.7%) | 0.00 | 186 |
| 2024-05-01 | $373,625 (5.3%) | $476,046 (6.7%) | 0.00 | 185 |
Harrisonburg's median listing price comes in at 0% of the national average.
Harrisonburg's average listing price for 2024-05-01 was $476,046, a difference of $29,772 (6.7%) versus the prior year and $241 versus the prior month.
For the 2024-05-01 period, Harrisonburg had 185 MLS listings, a difference of -1 listings (-1%) versus the prior month and 53 listings (40%) 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 | 2,090 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 | 1,900 sqft |
| 2022-12-01 | 0 days | 1,848 sqft |
| 2023-01-01 | 0 days | 1,869 sqft |
| 2023-02-01 | 0 days | 1,866 sqft |
| 2023-03-01 | 0 days | 1,806 sqft |
| 2023-04-01 | 0 days | 1,860 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 | 1,947 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 | 1,804 sqft |
Harrisonburg's median square footage for active listings during the 2024-05-01 period was 1,804 sqft. One year prior, the average listing was 1,813 sqft.