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 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 6.37% for the week of 2023-01-27, compared to the national average (all USDA variants) of 6.195% for the same period.

Huntsville's average USDA mortgage closing costs are $4,765.

The average rate for the prior week (2023-01-20) was 6.16% and one month ago for the week of 2022-12-23, the average rate was 6.19%.

The average rate one year ago was 3.74%.

For refis of the same type during the week of 2023-01-27, the average rate was 6%.

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 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
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 $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 $255,843 (11.3%) $305,593 (8.4%) 0.86 2,091
2018-11-01 $254,820 (9.1%) $304,188 (6.5%) 0.86 2,042
2018-12-01 $254,596 (10.7%) $303,644 (7.6%) 0.88 1,947
2019-01-01 $252,695 (6.0%) $299,194 (5.5%) 0.87 1,786
2019-02-01 $258,900 (6.6%) $305,768 (5.5%) 0.87 1,710
2019-03-01 $264,350 (7.2%) $316,483 (7.6%) 0.86 1,642
2019-04-01 $268,900 (4.7%) $325,013 (5.9%) 0.85 1,556
2019-05-01 $272,428 (6.8%) $325,713 (5.8%) 0.85 1,565
2019-06-01 $274,900 (10.0%) $330,749 (8.8%) 0.86 1,571
2019-07-01 $274,950 (8.9%) $339,801 (9.5%) 0.86 1,540
2019-08-01 $274,900 (7.8%) $337,686 (9.3%) 0.87 1,521
2019-09-01 $274,900 (5.8%) $335,852 (8.9%) 0.88 1,483
2019-10-01 $274,925 (7.5%) $333,340 (9.1%) 0.89 1,464
2019-11-01 $275,834 (8.3%) $335,823 (10.4%) 0.90 1,365
2019-12-01 $274,191 (7.7%) $337,033 (11.0%) 0.91 1,271
2020-01-01 $279,700 (10.7%) $344,994 (15.3%) 0.93 1,188
2020-02-01 $284,900 (10.0%) $351,305 (14.9%) 0.93 1,084
2020-03-01 $289,450 (9.5%) $361,681 (14.3%) 0.91 1,041
2020-04-01 $287,686 (7.0%) $356,007 (9.5%) 0.90 1,112
2020-05-01 $289,900 (6.4%) $357,701 (9.8%) 0.88 1,269
2020-06-01 $295,175 (7.4%) $361,177 (9.2%) 0.87 1,170
2020-07-01 $295,400 (7.4%) $370,301 (9.0%) 0.86 1,117
2020-08-01 $299,900 (9.1%) $372,296 (10.3%) 0.86 1,075
2020-09-01 $299,571 (9.0%) $369,966 (10.2%) 0.86 1,037
2020-10-01 $296,763 (7.9%) $366,138 (9.8%) 0.85 1,025
2020-11-01 $298,565 (8.2%) $370,062 (10.2%) 0.87 988
2020-12-01 $303,740 (10.8%) $373,662 (10.9%) 0.90 975
2021-01-01 $321,703 (15.0%) $383,958 (11.3%) 0.96 842
2021-02-01 $351,800 (23.5%) $409,411 (16.5%) 1.02 664
2021-03-01 $352,436 (21.8%) $415,151 (14.8%) 1.00 583
2021-04-01 $336,276 (16.9%) $411,294 (15.5%) 0.91 526
2021-05-01 $345,000 (19.0%) $416,274 (16.4%) 0.91 507
2021-06-01 $312,475 (5.9%) $399,363 (10.6%) 0.82 394
2021-07-01 $320,000 (8.3%) $411,509 (11.1%) 0.84 465
2021-08-01 $322,475 (7.5%) $415,413 (11.6%) 0.86 560
2021-09-01 $337,500 (12.7%) $436,149 (17.9%) 0.90 545
2021-10-01 $345,330 (16.4%) $443,159 (21.0%) 0.92 543
2021-11-01 $352,450 (18.1%) $460,986 (24.6%) 0.94 519
2021-12-01 $363,950 (19.8%) $478,702 (28.1%) 0.99 447
2022-01-01 $369,900 (15.0%) $484,576 (26.2%) 1.00 364
2022-02-01 $369,950 (5.2%) $482,696 (17.9%) 0.96 359
2022-03-01 $408,426 (15.9%) $477,211 (15.0%) 1.02 507
2022-04-01 $399,950 (18.9%) $473,649 (15.2%) 0.95 602
2022-05-01 $399,901 (15.9%) $473,074 (13.6%) 0.91 805
2022-06-01 $408,242 (30.7%) $475,128 (19.0%) 0.91 966
2022-07-01 $398,900 (24.7%) $465,082 (13.0%) 0.90 1,207
2022-08-01 $394,089 (22.2%) $470,789 (13.3%) 0.91 1,326
2022-09-01 $399,000 (18.2%) $471,631 (8.1%) 0.93 1,418
2022-10-01 $399,000 (15.5%) $472,646 (6.7%) 0.94 1,507
2022-11-01 $394,950 (12.1%) $467,136 (1.3%) 0.95 1,615
2022-12-01 $390,000 (7.2%) $462,477 (-3.4%) 0.98 1,578
Huntsville's median listing price for 2022-12-01 was $390,000, a difference of $26,050 (7.2%) versus the prior year and $-4,950 versus the prior month.

Huntsville's median listing price comes in at 98% of the national average.

Huntsville's average listing price for 2022-12-01 was $462,477, a difference of $-16,225 (-3.4%) versus the prior year and $-4,659 versus the prior month.

For the 2022-12-01 period, Huntsville had 1,578 MLS listings, a difference of -37 listings (-2%) versus the prior month and 1,131 listings (253%) 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 95 days 2,452 sqft
2018-02-01 95 days 2,474 sqft
2018-03-01 77 days 2,500 sqft
2018-04-01 72 days 2,546 sqft
2018-05-01 66 days 2,536 sqft
2018-06-01 64 days 2,500 sqft
2018-07-01 66 days 2,515 sqft
2018-08-01 72 days 2,508 sqft
2018-09-01 79 days 2,540 sqft
2018-10-01 85 days 2,519 sqft
2018-11-01 89 days 2,514 sqft
2018-12-01 95 days 2,505 sqft
2019-01-01 104 days 2,489 sqft
2019-02-01 98 days 2,497 sqft
2019-03-01 80 days 2,528 sqft
2019-04-01 60 days 2,545 sqft
2019-05-01 51 days 2,525 sqft
2019-06-01 51 days 2,547 sqft
2019-07-01 55 days 2,580 sqft
2019-08-01 56 days 2,559 sqft
2019-09-01 57 days 2,533 sqft
2019-10-01 57 days 2,520 sqft
2019-11-01 63 days 2,513 sqft
2019-12-01 70 days 2,499 sqft
2020-01-01 77 days 2,499 sqft
2020-02-01 66 days 2,488 sqft
2020-03-01 46 days 2,507 sqft
2020-04-01 42 days 2,487 sqft
2020-05-01 40 days 2,492 sqft
2020-06-01 43 days 2,501 sqft
2020-07-01 48 days 2,499 sqft
2020-08-01 47 days 2,500 sqft
2020-09-01 43 days 2,411 sqft
2020-10-01 43 days 2,400 sqft
2020-11-01 45 days 2,388 sqft
2020-12-01 50 days 2,383 sqft
2021-01-01 53 days 2,441 sqft
2021-02-01 56 days 2,503 sqft
2021-03-01 38 days 2,400 sqft
2021-04-01 28 days 2,407 sqft
2021-05-01 21 days 2,362 sqft
2021-06-01 10 days 2,317 sqft
2021-07-01 10 days 2,290 sqft
2021-08-01 15 days 2,332 sqft
2021-09-01 20 days 2,381 sqft
2021-10-01 20 days 2,367 sqft
2021-11-01 19 days 2,381 sqft
2021-12-01 29 days 2,417 sqft
2022-01-01 32 days 2,440 sqft
2022-02-01 13 days 2,391 sqft
2022-03-01 10 days 2,447 sqft
2022-04-01 15 days 2,452 sqft
2022-05-01 20 days 2,376 sqft
2022-06-01 22 days 2,374 sqft
2022-07-01 29 days 2,359 sqft
2022-08-01 34 days 2,355 sqft
2022-09-01 40 days 2,355 sqft
2022-10-01 42 days 2,359 sqft
2022-11-01 51 days 2,380 sqft
2022-12-01 59 days 2,365 sqft
Huntsville's median listing age (time on market) for 2022-12-01 was 59 days. This is 107% longer than the same period one year ago.

Huntsville's median square footage for active listings during the 2022-12-01 period was 2,365 sqft. One year prior, the average listing was 2,417 sqft.