Huntsville USDA Loan Rates, Closing Costs & Stats

HUNTSVILLE, AL

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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.

    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 6.34% for the week of 2024-11-08, compared to the national average (all USDA variants) of 6.477% for the same period.

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

    The average rate for the prior week (2024-11-01) was 6.11% and one month ago for the week of 2024-10-04, the average rate was 5.54%.

    The average rate one year ago was 6.98%.

    For refis of the same type during the week of 2024-11-08, the average rate was 6.83%.

    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
    2024-05-01 $388,539 (-8.6%) $462,874 (-4.2%) 0.88 1,971
    2024-06-01 $385,000 (-9.4%) $462,861 (-4.6%) 0.87 2,066
    2024-07-01 $380,175 (-6.6%) $458,045 (-5.2%) 0.87 2,180
    2024-08-01 $370,000 (-7.5%) $448,747 (-6.7%) 0.86 2,344
    2024-09-01 $368,555 (-5.5%) $443,851 (-5.5%) 0.87 2,486
    2024-10-01 $366,508 (-2.8%) $437,129 (-4.6%) 0.86 2,705
    Huntsville's median listing price for 2024-10-01 was $366,508, a difference of $-10,442 (-2.8%) versus the prior year and $-2,047 versus the prior month.

    Huntsville's median listing price comes in at 86% of the national average.

    Huntsville's average listing price for 2024-10-01 was $437,129, a difference of $-21,039 (-4.6%) versus the prior year and $-6,722 versus the prior month.

    For the 2024-10-01 period, Huntsville had 2,705 MLS listings, a difference of 219 listings (9%) versus the prior month and 852 listings (46%) 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
    2024-05-01 45 days 2,304 sqft
    2024-06-01 51 days 2,291 sqft
    2024-07-01 54 days 2,249 sqft
    2024-08-01 58 days 2,223 sqft
    2024-09-01 61 days 2,192 sqft
    2024-10-01 57 days 2,207 sqft
    Huntsville's median listing age (time on market) for 2024-10-01 was 57 days. This is 11% longer than the same period one year ago.

    Huntsville's median square footage for active listings during the 2024-10-01 period was 2,207 sqft. One year prior, the average listing was 2,285 sqft.