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%.
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.
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. LouisDate | 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 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. LouisDate | 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 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.