Huntsville USDA Loans

HUNTSVILLE, AL

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.

Huntsville's 67 lenders originated 518 USDA loans during 2021. The total origination value was $111,560,000, with an average USDA loan value of $215,367.

Huntsville USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Huntsville averaged 5.19% 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 5.28% and one month ago for the week of 2022-04-15, the average rate was 4.97%.

The average rate one year ago was 3.02%.

For refis of the same type during the week of 2022-05-20, the average rate was 5.12%.

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

Huntsville 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 Huntsville level.

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
LOANDEPOT.COM, LLC 53 2.92% $6,597
DHI MORTGAGE COMPANY, LTD. 51 2.74% $4,634
DSLD MORTGAGE, LLC 32 2.55% $3,615
Synovus Bank 31 2.76% $5,357
Hometown Lenders, Inc. 29 2.97% $5,210
MOVEMENT MORTGAGE, LLC 22 3.06% $5,056
CERTAINTY HOME LOANS, LLC 21 2.81% $7,360
FirstBank 20 2.82% $5,297
Progress Bank and Trust 14 2.40% $5,114
First Horizon Bank 13 2.66% $5,403
Hamilton Mortgage Corporation 13 2.68% $5,302
Assurance Financial Group, L.L.C. 12 2.93% $4,989
VANDERBILT MORTGAGE AND FINANCE, INC. 11 2.92% $5,339
GMFS LLC 11 2.91% $3,612
First Option Mortgage, LLC 10 3.15% $6,180
Trustmark National Bank 10 2.73% $5,686
PLANET HOME LENDING, LLC 9 2.89% $6,338
Flagstar Bank, FSB 9 2.76% $6,161
BancorpSouth Bank 7 2.79% $5,452
Renasant Bank 6 2.81% $5,456
FIRST COMMUNITY MORTGAGE, INC. 6 3.08% $5,501
INTERLINC MORTGAGE SERVICES, LLC 6 3.00% $4,951
TJC Mortgage, Inc. 6 3.02% $5,614
Florida Capital Bank 5 3.15% $5,623
HOME POINT FINANCIAL CORPORATION 5 2.73% $6,571
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 5 2.55% $5,264
GUARANTY HOME MORTGAGE CORPORATION 5 3.28% $6,435
Magnolia Bank 5 3.23% $3,567
ACOPIA, LLC 5 3.05% $5,409
SOUTHWEST FUNDING, LP 4 3.47% $7,873
First Federal Bank, A FSB 4 2.81% $4,298
GUARANTEED RATE, INC. 4 2.69% $6,142
Carrington Mortgage Services, LLC 3 2.79% $4,464
COMMUNITY MORTGAGE CORPORATION 3 3.04% $5,175
The First National Bank of Middle Tennessee 3 2.96% $4,717
CROSSCOUNTRY MORTGAGE, LLC 3 2.96% $5,349
NEWREZ LLC 3 3.16% $4,594
NFM, INC. 3 3.46% $6,533
UNITED WHOLESALE MORTGAGE, LLC 3 2.92% $7,166
PENNYMAC LOAN SERVICES, LLC 3 2.79% $5,749
AVADIAN 2 2.75% $5,057
Citizens Bank 2 2.94% $6,577
CALIBER HOME LOANS, INC. 2 2.87% $8,496
PRIMARY RESIDENTIAL MORTGAGE, INC. 2 3.63% $8,405
PRIMELENDING, A PLAINSCAPITAL COMPANY 2 3.50% $5,929
BROKER SOLUTIONS, INC. 2 3.06% $5,082
FBC MORTGAGE, LLC 2 2.88% $5,570
Bank of England 2 3.00% $6,276
Bank Independent 2 2.69% $5,266
First Guaranty Mortgage Corporation 1 3.13% $4,068
FirstTrust Home Loans, Inc. 1 3.00% $5,657
FINANCE OF AMERICA MORTGAGE LLC 1 3.25% $5,022
AMERICAN FINANCIAL NETWORK, INC. 1 3.63% $5,688
EVANSVILLE TEACHERS 1 3.00% $5,749
DAS Acquisition Company, LLC 1 3.63% $6,765
HOMESIDE FINANCIAL, LLC 1 3.13% $5,476
Colten Mortgage, LLC 1 3.00% $3,738
MICHIGAN MUTUAL, INC. 1 3.00% $5,186
MID AMERICA MORTGAGE, INC. 1 2.99% $1,362
MORTGAGE INVESTORS GROUP, INC. 1 2.88% $4,603
Paramount Residential Mortgage Group, Inc. 1 4.13% $3,298
Cadence Bank, N.A. 1 2.38% $4,853
Regions Bank 1 2.75% $5,311
SouthPoint Bank 1 2.88% $6,305
SUN WEST MORTGAGE COMPANY, INC. 1 2.25% $4,732
AMERICAN PACIFIC MORTGAGE CORPORATION 1 2.63% $5,759
UNION HOME MORTGAGE CORP. 1 2.25% $5,000

The top Huntsville USDA lender as defined by loan originations is LOANDEPOT.COM, LLC, with 53 USDA loans originated. Their average total fees are $6,597, which is $1,962 higher than the next largest lender, DHI MORTGAGE COMPANY, LTD..

The lowest fee Huntsville USDA lenders (with over 10 loans originated) are GMFS LLC ($3,612), DSLD MORTGAGE, LLC ($3,615), DHI MORTGAGE COMPANY, LTD. ($4,634), Assurance Financial Group, L.L.C. ($4,989) and MOVEMENT MORTGAGE, LLC ($5,056).

The lowest rate Huntsville USDA lenders (with over 10 loans originated) are Progress Bank and Trust (2.40%), DSLD MORTGAGE, LLC (2.55%), First Horizon Bank (2.66%), Hamilton Mortgage Corporation (2.68%) and Trustmark National Bank (2.73%).


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Huntsville (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 $237,000 (10.2%) $282,529 (9.0%) 0.87 2,227
2018-02-01 $241,204 (11.3%) $288,409 (10.1%) 0.87 2,090
2018-03-01 $248,500 (13.5%) $293,152 (10.3%) 0.86 2,067
2018-04-01 $256,450 (16.6%) $305,811 (13.2%) 0.86 2,051
2018-05-01 $256,000 (12.6%) $307,480 (11.2%) 0.85 2,062
2018-06-01 $249,900 (9.2%) $303,334 (9.4%) 0.83 2,147
2018-07-01 $250,420 (8.9%) $308,223 (10.5%) 0.84 2,133
2018-08-01 $254,400 (12.5%) $308,065 (10.5%) 0.85 2,130
2018-09-01 $257,745 (12.1%) $307,100 (9.1%) 0.86 2,127
2018-10-01 $254,896 (10.9%) $305,434 (8.9%) 0.85 2,089
2018-11-01 $254,203 (10.5%) $303,818 (7.1%) 0.85 2,040
2018-12-01 $254,687 (10.7%) $303,318 (8.0%) 0.87 1,951
2019-01-01 $252,450 (6.5%) $298,893 (5.8%) 0.87 1,788
2019-02-01 $257,818 (6.9%) $305,667 (6.0%) 0.86 1,710
2019-03-01 $264,186 (6.3%) $315,360 (7.6%) 0.86 1,643
2019-04-01 $268,231 (4.6%) $322,962 (5.6%) 0.84 1,554
2019-05-01 $270,258 (5.6%) $323,712 (5.3%) 0.83 1,548
2019-06-01 $273,900 (9.6%) $328,818 (8.4%) 0.84 1,563
2019-07-01 $274,803 (9.7%) $335,982 (9.0%) 0.85 1,533
2019-08-01 $274,832 (8.0%) $335,247 (8.8%) 0.86 1,468
2019-09-01 $274,929 (6.7%) $335,163 (9.1%) 0.87 1,394
2019-10-01 $274,944 (7.9%) $331,611 (8.6%) 0.88 1,440
2019-11-01 $275,000 (8.2%) $333,229 (9.7%) 0.89 1,336
2019-12-01 $274,118 (7.6%) $335,056 (10.5%) 0.91 1,250
2020-01-01 $279,500 (10.7%) $343,367 (14.9%) 0.93 1,148
2020-02-01 $284,900 (10.5%) $348,742 (14.1%) 0.92 1,053
2020-03-01 $289,900 (9.7%) $359,576 (14.0%) 0.91 1,002
2020-04-01 $287,810 (7.3%) $353,874 (9.6%) 0.90 1,086
2020-05-01 $289,900 (7.3%) $354,778 (9.6%) 0.88 1,224
2020-06-01 $295,450 (7.9%) $360,109 (9.5%) 0.86 1,118
2020-07-01 $296,250 (7.8%) $370,799 (10.4%) 0.85 1,080
2020-08-01 $300,000 (9.2%) $374,088 (11.6%) 0.86 1,050
2020-09-01 $299,900 (9.1%) $369,794 (10.3%) 0.86 1,004
2020-10-01 $297,400 (8.2%) $365,832 (10.3%) 0.85 996
2020-11-01 $299,450 (8.9%) $370,817 (11.3%) 0.86 956
2020-12-01 $304,033 (10.9%) $374,343 (11.7%) 0.89 952
2021-01-01 $322,861 (15.5%) $383,617 (11.7%) 0.95 810
2021-02-01 $350,565 (23.1%) $408,964 (17.3%) 1.01 642
2021-03-01 $352,350 (21.5%) $416,337 (15.8%) 0.99 549
2021-04-01 $337,450 (17.3%) $414,751 (17.2%) 0.91 494
2021-05-01 $345,000 (19.0%) $418,951 (18.1%) 0.91 468
2021-06-01 $316,477 (7.1%) $400,786 (11.3%) 0.82 355
2021-07-01 $320,950 (8.3%) $410,343 (10.7%) 0.83 406
2021-08-01 $324,125 (8.0%) $417,167 (11.5%) 0.85 523
2021-09-01 $341,950 (14.0%) $437,393 (18.3%) 0.90 514
2021-10-01 $345,000 (16.0%) $441,879 (20.8%) 0.91 525
2021-11-01 $351,250 (17.3%) $459,654 (24.0%) 0.93 489
2021-12-01 $362,900 (19.4%) $477,200 (27.5%) 0.97 441
2022-01-01 $374,494 (16.0%) $487,198 (27.0%) 1.00 349
2022-02-01 $369,950 (5.5%) $482,212 (17.9%) 0.94 348
2022-03-01 $411,950 (16.9%) $478,914 (15.0%) 1.02 475
2022-04-01 $400,000 (18.5%) $474,698 (14.5%) 0.94 567
Huntsville's median listing price for 2022-04-01 was $400,000, a difference of $62,550 (18.5%) versus the prior year and $-11,950 versus the prior month.

Huntsville's median listing price comes in at 94% of the national average.

Huntsville's average listing price for 2022-04-01 was $474,698, a difference of $59,947 (14.5%) versus the prior year and $-4,216 versus the prior month.

For the 2022-04-01 period, Huntsville had 567 MLS listings, a difference of 92 listings (19%) versus the prior month and 73 listings (15%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Huntsville (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 96 days 2,433 sqft
2018-02-01 96 days 2,464 sqft
2018-03-01 81 days 2,497 sqft
2018-04-01 72 days 2,544 sqft
2018-05-01 66 days 2,536 sqft
2018-06-01 64 days 2,500 sqft
2018-07-01 66 days 2,503 sqft
2018-08-01 72 days 2,506 sqft
2018-09-01 79 days 2,533 sqft
2018-10-01 85 days 2,518 sqft
2018-11-01 90 days 2,506 sqft
2018-12-01 95 days 2,505 sqft
2019-01-01 105 days 2,485 sqft
2019-02-01 99 days 2,490 sqft
2019-03-01 101 days 2,521 sqft
2019-04-01 61 days 2,540 sqft
2019-05-01 53 days 2,529 sqft
2019-06-01 51 days 2,543 sqft
2019-07-01 57 days 2,577 sqft
2019-08-01 60 days 2,557 sqft
2019-09-01 59 days 2,533 sqft
2019-10-01 58 days 2,524 sqft
2019-11-01 63 days 2,513 sqft
2019-12-01 71 days 2,500 sqft
2020-01-01 79 days 2,504 sqft
2020-02-01 70 days 2,488 sqft
2020-03-01 48 days 2,509 sqft
2020-04-01 43 days 2,490 sqft
2020-05-01 42 days 2,497 sqft
2020-06-01 45 days 2,500 sqft
2020-07-01 52 days 2,500 sqft
2020-08-01 49 days 2,503 sqft
2020-09-01 45 days 2,432 sqft
2020-10-01 45 days 2,400 sqft
2020-11-01 46 days 2,420 sqft
2020-12-01 51 days 2,395 sqft
2021-01-01 55 days 2,407 sqft
2021-02-01 58 days 2,517 sqft
2021-03-01 42 days 2,413 sqft
2021-04-01 33 days 2,414 sqft
2021-05-01 22 days 2,390 sqft
2021-06-01 11 days 2,320 sqft
2021-07-01 12 days 2,325 sqft
2021-08-01 16 days 2,339 sqft
2021-09-01 22 days 2,379 sqft
2021-10-01 22 days 2,349 sqft
2021-11-01 21 days 2,381 sqft
2021-12-01 30 days 2,401 sqft
2022-01-01 34 days 2,460 sqft
2022-02-01 15 days 2,400 sqft
2022-03-01 12 days 2,464 sqft
2022-04-01 16 days 2,458 sqft
Huntsville's median listing age (time on market) for 2022-04-01 was 16 days. This is -51% shorter than the same period one year ago.

Huntsville's median square footage for active listings during the 2022-04-01 period was 2,458 sqft. One year prior, the average listing was 2,414 sqft.