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 54 lenders originated 243 USDA loans during 2022. The total origination value was $61,555,000, with an average USDA loan value of $253,313.

Huntsville USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Huntsville averaged -0.57% for the week of 2023-11-24, compared to the national average (all USDA variants) of 0% for the same period.

Huntsville's average USDA mortgage closing costs are $5,036.

The average rate for the prior week (2023-11-17) was 6.82% and one month ago for the week of 2023-10-20, the average rate was 7.04%.

The average rate one year ago was 6.28%.

For refis of the same type during the week of 2023-11-24, the average rate was -1%.

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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
Hometown Lenders, Inc. 28 4.25% $6,392
DHI MORTGAGE COMPANY, LTD. 25 3.67% $5,643
LOANDEPOT.COM, LLC 20 4.16% $10,412
Synovus Bank 15 4.48% $5,785
DSLD MORTGAGE, LLC 12 4.62% $4,943
Flagstar Bank, FSB 10 3.63% $9,076
FirstBank 10 4.78% $8,024
CERTAINTY HOME LOANS, LLC 9 4.49% $8,521
Trustmark National Bank 8 4.20% $7,054
MOVEMENT MORTGAGE, LLC 7 5.14% $8,248
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 7 5.41% $8,294
UNITED WHOLESALE MORTGAGE, LLC 6 5.18% $7,023
VANDERBILT MORTGAGE AND FINANCE, INC. 6 4.77% $7,533
TJC Mortgage, Inc. 5 3.88% $6,872
HOME POINT FINANCIAL CORPORATION 5 4.57% $7,730
Progress Bank and Trust 4 4.22% $7,146
Assurance Financial Group, L.L.C. 3 4.46% $6,723
CALIBER HOME LOANS, INC. 3 3.48% $5,388
Regions Bank 3 3.92% $6,609
SOUTHWEST FUNDING, LP 3 5.08% $9,709
GMFS LLC 3 4.83% $3,891
EAGLE HOME MORTGAGE, LLC 3 5.13% $8,490
Hamilton Mortgage Corporation 3 5.00% $5,823
Bank Independent 3 4.21% $7,163
BancorpSouth 3 5.08% $5,754
Pinnacle Bank 3 5.54% $6,424
Renasant Bank 2 3.31% $6,320
Bank of England 2 3.56% $7,618
COMMUNITY MORTGAGE CORPORATION 2 3.94% $6,105
Magnolia Bank 2 4.31% $7,736
METROPLEX MORTGAGE SERVICES, INC. 1 3.25% $12,092
BAY EQUITY LLC 1 3.99% $5,718
BROKER SOLUTIONS, INC. 1 6.63% $6,149
Carrington Mortgage Services, LLC 1 3.00% $5,267
Consumer First Mortgage, Inc. 1 5.50% $6,377
Equity Prime Mortgage LLC 1 3.63% $10,147
FBC MORTGAGE, LLC 1 3.00% $7,012
First Federal Bank, A FSB 1 3.00% $5,531
First Horizon Bank 1 3.63% $8,624
First Option Mortgage, LLC 1 4.13% $5,676
FirstTrust Home Loans, Inc. 1 3.50% $4,937
GENEVA FINANCIAL, LLC 1 5.13% $8,047
GUILD MORTGAGE COMPANY 1 5.63% $10,294
INTERLINC MORTGAGE SERVICES, LLC 1 4.13% $6,674
ACOPIA, LLC 1 5.63% $8,274
MORTGAGE INVESTORS GROUP, INC. 1 5.88% $6,769
MUTUAL OF OMAHA MORTGAGE, INC. 1 4.25% $22,487
PRIMELENDING, A PLAINSCAPITAL COMPANY 1 3.63% $5,561
RESIDENTIAL WHOLESALE MORTGAGE, INC. 1 3.63% $6,591
SouthPoint Bank 1 5.25% $6,775
South State Bank 1 3.63% $4,752
UNION HOME MORTGAGE CORP. 1 3.75% $6,715
Wells Fargo Bank 1 3.00% $8,193
Wolfe Financial, Inc 1 7.50% $8,148

The top Huntsville USDA lender as defined by loan originations is Hometown Lenders, Inc., with 28 USDA loans originated. Their average total fees are $6,392, which is $749 higher than the next largest lender, DHI MORTGAGE COMPANY, LTD..

The lowest fee Huntsville USDA lenders (with over 10 loans originated) are DSLD MORTGAGE, LLC ($4,943), DHI MORTGAGE COMPANY, LTD. ($5,643), Synovus Bank ($5,785), Hometown Lenders, Inc. ($6,392) and FirstBank ($8,024).

The lowest rate Huntsville USDA lenders (with over 10 loans originated) are Flagstar Bank, FSB (3.63%), DHI MORTGAGE COMPANY, LTD. (3.67%), LOANDEPOT.COM, LLC (4.16%), Hometown Lenders, Inc. (4.25%) and Synovus Bank (4.48%).


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%) $338,409 (9.5%) 0.87 1,513
2019-09-01 $274,932 (5.8%) $336,592 (9.1%) 0.88 1,475
2019-10-01 $274,955 (7.4%) $334,085 (9.3%) 0.89 1,456
2019-11-01 $277,390 (8.8%) $336,631 (10.6%) 0.91 1,357
2019-12-01 $274,658 (7.8%) $337,912 (11.2%) 0.92 1,263
2020-01-01 $279,950 (10.4%) $345,973 (15.6%) 0.94 1,180
2020-02-01 $286,331 (10.5%) $352,393 (15.2%) 0.94 1,076
2020-03-01 $289,925 (9.6%) $362,851 (14.6%) 0.91 1,033
2020-04-01 $288,744 (7.3%) $357,102 (9.9%) 0.90 1,104
2020-05-01 $289,900 (6.2%) $358,642 (10.0%) 0.88 1,261
2020-06-01 $296,456 (7.8%) $362,206 (9.4%) 0.87 1,162
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 (10.3%) 0.86 1,029
2020-10-01 $298,473 (8.6%) $367,364 (10.0%) 0.86 1,017
2020-11-01 $299,450 (8.0%) $371,342 (10.3%) 0.88 980
2020-12-01 $304,549 (10.9%) $375,056 (11.0%) 0.91 967
2021-01-01 $323,700 (15.6%) $385,620 (11.5%) 0.97 834
2021-02-01 $354,450 (23.8%) $411,622 (16.8%) 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 (7.0%) $402,492 (11.1%) 0.84 386
2021-07-01 $324,075 (9.4%) $414,936 (11.7%) 0.86 457
2021-08-01 $324,063 (8.0%) $417,919 (11.9%) 0.86 552
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%) $464,237 (25.0%) 0.95 511
2021-12-01 $367,425 (20.7%) $483,188 (28.8%) 1.00 439
2022-01-01 $374,697 (15.8%) $489,450 (26.9%) 1.01 358
2022-02-01 $372,500 (5.1%) $487,584 (18.5%) 0.97 351
2022-03-01 $414,189 (16.2%) $480,014 (14.4%) 1.04 499
2022-04-01 $409,500 (18.8%) $478,511 (15.5%) 0.98 595
2022-05-01 $399,975 (14.6%) $474,900 (13.3%) 0.91 800
2022-06-01 $406,905 (28.3%) $475,892 (18.2%) 0.91 965
2022-07-01 $395,176 (21.9%) $463,929 (11.8%) 0.89 1,217
2022-08-01 $392,318 (21.1%) $470,309 (12.5%) 0.91 1,335
2022-09-01 $395,450 (15.4%) $470,746 (7.2%) 0.92 1,427
2022-10-01 $394,900 (12.9%) $469,265 (5.2%) 0.93 1,516
2022-11-01 $396,200 (11.7%) $468,163 (0.9%) 0.95 1,610
2022-12-01 $390,900 (6.4%) $463,947 (-4.0%) 0.97 1,565
2023-01-01 $389,900 (4.1%) $459,989 (-6.0%) 0.97 1,515
2023-02-01 $391,983 (5.2%) $462,777 (-5.1%) 0.95 1,445
2023-03-01 $399,450 (-3.6%) $466,379 (-2.8%) 0.94 1,390
2023-04-01 $412,900 (0.8%) $479,420 (0.2%) 0.96 1,364
2023-05-01 $424,900 (6.2%) $483,281 (1.8%) 0.96 1,443
2023-06-01 $424,950 (4.4%) $485,771 (2.1%) 0.95 1,511
2023-07-01 $406,890 (3.0%) $483,018 (4.1%) 0.92 1,600
2023-08-01 $399,900 (1.9%) $481,084 (2.3%) 0.92 1,633
2023-09-01 $390,000 (-1.4%) $469,893 (-0.2%) 0.91 1,705
2023-10-01 $376,950 (-4.6%) $458,168 (-2.4%) 0.89 1,853
Huntsville's median listing price for 2023-10-01 was $376,950, a difference of $-17,950 (-4.6%) versus the prior year and $-13,050 versus the prior month.

Huntsville's median listing price comes in at 89% of the national average.

Huntsville's average listing price for 2023-10-01 was $458,168, a difference of $-11,097 (-2.4%) versus the prior year and $-11,725 versus the prior month.

For the 2023-10-01 period, Huntsville had 1,853 MLS listings, a difference of 148 listings (9%) versus the prior month and 337 listings (22%) 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 2,563 sqft
2019-09-01 52 days 2,536 sqft
2019-10-01 51 days 2,524 sqft
2019-11-01 57 days 2,516 sqft
2019-12-01 66 days 2,500 sqft
2020-01-01 72 days 2,500 sqft
2020-02-01 59 days 2,500 sqft
2020-03-01 39 days 2,509 sqft
2020-04-01 39 days 2,493 sqft
2020-05-01 37 days 2,499 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 2,335 sqft
2021-09-01 18 days 2,388 sqft
2021-10-01 18 days 2,377 sqft
2021-11-01 18 days 2,387 sqft
2021-12-01 27 days 2,424 sqft
2022-01-01 30 days 2,454 sqft
2022-02-01 12 days 2,403 sqft
2022-03-01 10 days 2,464 sqft
2022-04-01 14 days 2,452 sqft
2022-05-01 19 days 2,381 sqft
2022-06-01 22 days 2,373 sqft
2022-07-01 29 days 2,358 sqft
2022-08-01 33 days 2,355 sqft
2022-09-01 40 days 2,348 sqft
2022-10-01 42 days 2,358 sqft
2022-11-01 50 days 2,380 sqft
2022-12-01 59 days 2,369 sqft
2023-01-01 67 days 2,353 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 2,434 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 2,286 sqft
Huntsville's median listing age (time on market) for 2023-10-01 was 52 days. This is 23% longer than the same period one year ago.

Huntsville's median square footage for active listings during the 2023-10-01 period was 2,286 sqft. One year prior, the average listing was 2,358 sqft.