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 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.