Huntsville USDA Loan Rates, Closing Costs & Stats

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 49 lenders originated 201 USDA loans during 2023. The total origination value was $49,445,000, with an average USDA loan value of $245,995.

Huntsville USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Huntsville averaged 6.65% for the week of 2024-05-10, compared to the national average (all USDA variants) of 6.785% for the same period.

Huntsville's average USDA mortgage closing costs are $5,210.

The average rate for the prior week (2024-05-03) was 6.54% and one month ago for the week of 2024-04-05, the average rate was 6.39%.

The average rate one year ago was 6.18%.

For refis of the same type during the week of 2024-05-10, the average rate was 6.94%.

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/closing costs and rates for USDA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Huntsville level.

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
Synovus Bank 21 5.99% $7,508
DHI MORTGAGE COMPANY, LTD. 18 5.51% $5,334
UNITED WHOLESALE MORTGAGE, LLC 14 6.01% $7,457
FirstBank 13 6.19% $6,574
Renasant Bank 13 5.99% $7,607
GMFS LLC 9 6.40% $5,843
EAGLE HOME MORTGAGE, LLC 7 5.43% $3,455
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 7 6.38% $5,956
GUARANTEED RATE, INC. 7 6.10% $8,335
Trustmark National Bank 6 6.06% $6,813
FIRST COMMUNITY MORTGAGE, INC. 6 6.42% $7,168
Victorian Finance, LLC 5 6.03% $12,902
PLANET HOME LENDING, LLC 5 6.95% $7,055
DSLD MORTGAGE, LLC 4 5.88% $5,370
Hamilton Mortgage Corporation 4 6.31% $7,572
Magnolia Bank 4 6.25% $8,467
United Community Bank 3 5.75% $7,306
Regions Bank 3 5.29% $8,389
CORNERSTONE HOME LENDING, INC. 3 7.25% $10,055
STOCKTON MORTGAGE CORPORATION 3 6.92% $8,576
MOVEMENT MORTGAGE, LLC 2 6.19% $7,207
CROSSCOUNTRY MORTGAGE, LLC 2 5.69% $11,145
NEWREZ LLC 2 7.25% $6,601
AMERICAN PORTFOLIO MORTGAGE CORPORATION 2 6.00% $8,641
VANDERBILT MORTGAGE AND FINANCE, INC. 2 6.25% $8,989
REDSTONE Federal Credit Union 2 6.69% $6,614
Bank Independent 2 6.31% $7,804
NORWICH COMMERCIAL GROUP, INC. 1 6.25% $14,874
Assurance Financial Group, L.L.C. 1 6.25% $5,808
Atlantic Coast Mortgage, LLC 1 6.50% $7,555
BancorpSouth 1 6.88% $5,542
BROKER SOLUTIONS, INC. 1 5.75% $11,367
Century Mortgage Company DBA Century Lending Company 1 5.75% $7,419
CHURCHILL MORTGAGE CORPORATION 1 6.00% $10,461
First Federal Bank, A FSB 1 5.88% $5,610
First Horizon Bank 1 6.38% $5,839
Flagstar Bank, FSB 1 5.63% $9,875
HOMESTAR FINANCIAL CORPORATION 1 6.25% $6,181
INTERLINC MORTGAGE SERVICES, LLC 1 5.63% $2,779
MORTGAGE INVESTORS GROUP, INC. 1 6.00% $7,582
Mortgage Research Center, LLC 1 6.25% $2,467
AMERICAN FINANCIAL NETWORK, INC. 1 5.38% $11,658
Paramount Residential Mortgage Group, Inc. 1 5.75% $11,483
Plains Commerce Bank 1 6.63% $4,963
Prosperity Home Mortgage, LLC 1 6.49% $5,382
TJC Mortgage, Inc. 1 6.13% $7,839
TOWNE MORTGAGE COMPANY 1 6.13% $6,806
UNION HOME MORTGAGE CORP. 1 6.50% $8,899
Wells Fargo Bank 1 6.88% $2,076

The top Huntsville USDA lender as defined by loan originations is Synovus Bank, with 21 USDA loans originated. Their average total fees are $7,508, which is $2,174 higher than the next largest lender, DHI MORTGAGE COMPANY, LTD..

The lowest fee Huntsville USDA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. ($5,334), FirstBank ($6,574), UNITED WHOLESALE MORTGAGE, LLC ($7,457), Synovus Bank ($7,508) and Renasant Bank ($7,607).

The lowest rate Huntsville USDA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (5.51%), Renasant Bank (5.99%), Synovus Bank (5.99%), UNITED WHOLESALE MORTGAGE, LLC (6.01%) and FirstBank (6.19%).


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 $238,339 (10.1%) $283,711 (8.9%) 0.88 2,205
2018-02-01 $242,899 (11.5%) $289,755 (10.2%) 0.88 2,076
2018-03-01 $246,700 (12.4%) $294,249 (10.3%) 0.87 2,064
2018-04-01 $256,871 (16.8%) $307,046 (13.2%) 0.87 2,045
2018-05-01 $255,139 (12.0%) $307,923 (11.2%) 0.85 2,051
2018-06-01 $249,900 (8.9%) $304,004 (9.2%) 0.83 2,137
2018-07-01 $252,500 (9.8%) $310,309 (10.9%) 0.84 2,121
2018-08-01 $254,950 (12.5%) $308,938 (10.5%) 0.85 2,127
2018-09-01 $259,900 (13.1%) $308,434 (9.1%) 0.87 2,117
2018-10-01 $255,950 (11.3%) $305,787 (8.5%) 0.87 2,087
2018-11-01 $254,925 (9.1%) $304,388 (6.6%) 0.86 2,038
2018-12-01 $254,846 (10.8%) $303,854 (7.7%) 0.88 1,943
2019-01-01 $253,668 (6.4%) $299,407 (5.5%) 0.88 1,782
2019-02-01 $259,233 (6.7%) $306,001 (5.6%) 0.88 1,706
2019-03-01 $264,471 (7.2%) $316,510 (7.6%) 0.86 1,638
2019-04-01 $269,021 (4.7%) $324,829 (5.8%) 0.85 1,551
2019-05-01 $272,889 (7.0%) $326,124 (5.9%) 0.85 1,559
2019-06-01 $274,900 (10.0%) $331,244 (9.0%) 0.86 1,565
2019-07-01 $275,000 (8.9%) $340,522 (9.7%) 0.86 1,532
2019-08-01 $274,973 (7.9%) $338,308 (9.5%) 0.87 1,513
2019-09-01 $274,932 (5.8%) $336,341 (9.1%) 0.88 1,477
2019-10-01 $274,955 (7.4%) $333,720 (9.1%) 0.89 1,459
2019-11-01 $276,910 (8.6%) $336,407 (10.5%) 0.91 1,359
2019-12-01 $274,612 (7.8%) $337,668 (11.1%) 0.92 1,265
2020-01-01 $279,948 (10.4%) $345,806 (15.5%) 0.94 1,181
2020-02-01 $285,000 (9.9%) $352,208 (15.1%) 0.93 1,077
2020-03-01 $289,900 (9.6%) $362,655 (14.6%) 0.91 1,034
2020-04-01 $288,573 (7.3%) $356,918 (9.9%) 0.90 1,105
2020-05-01 $289,950 (6.3%) $358,728 (10.0%) 0.88 1,260
2020-06-01 $296,711 (7.9%) $362,301 (9.4%) 0.87 1,161
2020-07-01 $296,250 (7.7%) $371,433 (9.1%) 0.86 1,109
2020-08-01 $300,000 (9.1%) $373,491 (10.4%) 0.86 1,067
2020-09-01 $299,900 (9.1%) $371,188 (10.4%) 0.86 1,029
2020-10-01 $298,473 (8.6%) $367,364 (10.1%) 0.86 1,017
2020-11-01 $299,450 (8.1%) $371,342 (10.4%) 0.88 980
2020-12-01 $304,549 (10.9%) $375,056 (11.1%) 0.91 967
2021-01-01 $323,700 (15.6%) $385,620 (11.5%) 0.97 834
2021-02-01 $354,450 (24.4%) $411,622 (16.9%) 1.03 656
2021-03-01 $356,399 (22.9%) $419,646 (15.7%) 1.01 575
2021-04-01 $344,650 (19.4%) $414,158 (16.0%) 0.93 518
2021-05-01 $349,000 (20.4%) $419,008 (16.8%) 0.93 499
2021-06-01 $317,250 (6.9%) $402,492 (11.1%) 0.84 386
2021-07-01 $324,075 (9.4%) $414,936 (11.7%) 0.86 457
2021-08-01 $324,125 (8.0%) $418,106 (12.0%) 0.86 551
2021-09-01 $342,600 (14.2%) $439,037 (18.3%) 0.91 537
2021-10-01 $349,900 (17.2%) $446,125 (21.4%) 0.93 535
2021-11-01 $354,582 (18.4%) $464,088 (25.0%) 0.95 511
2021-12-01 $367,400 (20.6%) $483,000 (28.8%) 1.00 440
2022-01-01 $374,494 (15.7%) $489,006 (26.8%) 1.01 358
2022-02-01 $372,499 (5.1%) $487,141 (18.4%) 0.97 351
2022-03-01 $413,297 (16.0%) $479,802 (14.3%) 1.03 499
2022-04-01 $404,950 (17.5%) $478,158 (15.5%) 0.97 592
2022-05-01 $399,900 (14.6%) $475,164 (13.4%) 0.91 792
2022-06-01 $406,221 (28.0%) $476,310 (18.3%) 0.90 955
2022-07-01 $395,000 (21.9%) $464,109 (11.9%) 0.89 1,209
2022-08-01 $391,958 (20.9%) $469,999 (12.4%) 0.91 1,339
2022-09-01 $394,950 (15.3%) $470,435 (7.2%) 0.92 1,433
2022-10-01 $394,900 (12.9%) $469,185 (5.2%) 0.93 1,520
2022-11-01 $395,900 (11.7%) $467,972 (0.8%) 0.95 1,609
2022-12-01 $390,073 (6.2%) $463,518 (-4.0%) 0.96 1,570
2023-01-01 $389,450 (4.0%) $459,969 (-5.9%) 0.96 1,519
2023-02-01 $391,293 (5.1%) $462,716 (-5.0%) 0.94 1,447
2023-03-01 $399,450 (-3.4%) $466,379 (-2.8%) 0.94 1,391
2023-04-01 $412,900 (2.0%) $479,420 (0.3%) 0.96 1,364
2023-05-01 $424,900 (6.3%) $483,081 (1.7%) 0.96 1,444
2023-06-01 $424,950 (4.6%) $485,381 (1.9%) 0.95 1,513
2023-07-01 $406,890 (3.0%) $483,018 (4.1%) 0.92 1,600
2023-08-01 $399,900 (2.0%) $481,084 (2.4%) 0.92 1,633
2023-09-01 $390,000 (-1.3%) $469,893 (-0.1%) 0.91 1,705
2023-10-01 $376,950 (-4.6%) $458,168 (-2.4%) 0.89 1,853
2023-11-01 $370,108 (-6.5%) $449,017 (-4.1%) 0.88 1,911
2023-12-01 $365,000 (-6.4%) $445,725 (-3.8%) 0.89 1,885
2024-01-01 $367,450 (-5.7%) $452,841 (-1.6%) 0.90 1,717
2024-02-01 $371,450 (-5.1%) $452,913 (-2.1%) 0.89 1,692
2024-03-01 $378,900 (-5.1%) $455,442 (-2.3%) 0.89 1,697
2024-04-01 $379,900 (-8.0%) $455,401 (-5.0%) 0.88 1,790
Huntsville's median listing price for 2024-04-01 was $379,900, a difference of $-33,000 (-8.0%) versus the prior year and $1,000 versus the prior month.

Huntsville's median listing price comes in at 88% of the national average.

Huntsville's average listing price for 2024-04-01 was $455,401, a difference of $-24,019 (-5.0%) versus the prior year and $-41 versus the prior month.

For the 2024-04-01 period, Huntsville had 1,790 MLS listings, a difference of 93 listings (5%) versus the prior month and 426 listings (31%) 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 89 days 2,452 sqft
2018-02-01 89 days 2,474 sqft
2018-03-01 71 days 2,500 sqft
2018-04-01 65 days 2,546 sqft
2018-05-01 59 days 2,536 sqft
2018-06-01 58 days 2,500 sqft
2018-07-01 61 days 2,515 sqft
2018-08-01 65 days 2,508 sqft
2018-09-01 72 days 2,540 sqft
2018-10-01 77 days 2,521 sqft
2018-11-01 81 days 2,515 sqft
2018-12-01 86 days 2,507 sqft
2019-01-01 92 days 2,493 sqft
2019-02-01 84 days 2,500 sqft
2019-03-01 70 days 2,530 sqft
2019-04-01 52 days 2,545 sqft
2019-05-01 46 days 2,528 sqft
2019-06-01 46 days 2,550 sqft
2019-07-01 51 days 2,583 sqft
2019-08-01 51 days 2,562 sqft
2019-09-01 52 days 2,535 sqft
2019-10-01 51 days 2,520 sqft
2019-11-01 57 days 2,515 sqft
2019-12-01 66 days 2,500 sqft
2020-01-01 73 days 2,500 sqft
2020-02-01 59 days 2,500 sqft
2020-03-01 39 days 2,508 sqft
2020-04-01 39 days 2,491 sqft
2020-05-01 37 days 2,500 sqft
2020-06-01 43 days 2,503 sqft
2020-07-01 45 days 2,500 sqft
2020-08-01 43 days 2,501 sqft
2020-09-01 39 days 2,418 sqft
2020-10-01 40 days 2,401 sqft
2020-11-01 42 days 2,394 sqft
2020-12-01 46 days 2,396 sqft
2021-01-01 50 days 2,448 sqft
2021-02-01 48 days 2,512 sqft
2021-03-01 33 days 2,405 sqft
2021-04-01 25 days 2,423 sqft
2021-05-01 17 days 2,367 sqft
2021-06-01 8 days 2,344 sqft
2021-07-01 9 days 2,304 sqft
2021-08-01 14 days 2,337 sqft
2021-09-01 18 days 2,388 sqft
2021-10-01 18 days 2,377 sqft
2021-11-01 18 days 2,385 sqft
2021-12-01 27 days 2,424 sqft
2022-01-01 30 days 2,448 sqft
2022-02-01 12 days 2,399 sqft
2022-03-01 10 days 2,458 sqft
2022-04-01 14 days 2,449 sqft
2022-05-01 19 days 2,374 sqft
2022-06-01 21 days 2,373 sqft
2022-07-01 29 days 2,352 sqft
2022-08-01 33 days 2,354 sqft
2022-09-01 40 days 2,346 sqft
2022-10-01 42 days 2,357 sqft
2022-11-01 50 days 2,379 sqft
2022-12-01 59 days 2,368 sqft
2023-01-01 67 days 2,352 sqft
2023-02-01 65 days 2,361 sqft
2023-03-01 57 days 2,366 sqft
2023-04-01 52 days 2,376 sqft
2023-05-01 48 days 2,406 sqft
2023-06-01 50 days 2,432 sqft
2023-07-01 50 days 2,383 sqft
2023-08-01 51 days 2,375 sqft
2023-09-01 53 days 2,351 sqft
2023-10-01 52 days 2,285 sqft
2023-11-01 57 days 2,236 sqft
2023-12-01 68 days 2,211 sqft
2024-01-01 77 days 2,215 sqft
2024-02-01 70 days 2,235 sqft
2024-03-01 51 days 2,265 sqft
2024-04-01 48 days 2,272 sqft
Huntsville's median listing age (time on market) for 2024-04-01 was 48 days. This is -8% shorter than the same period one year ago.

Huntsville's median square footage for active listings during the 2024-04-01 period was 2,272 sqft. One year prior, the average listing was 2,376 sqft.