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 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.