Huntsville USDA Loans

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 5.19% for the week of 2022-05-20, compared to the national average (all USDA variants) of 5.315% for the same period.

    The average rate for the prior week (2022-05-13) was 5.28% and one month ago for the week of 2022-04-15, the average rate was 4.97%.

    The average rate one year ago was 3.02%.

    For refis of the same type during the week of 2022-05-20, the average rate was 5.12%.

    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 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. Total Fees
    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 $237,000 (10.2%) $282,529 (9.0%) 0.87 2,227
    2018-02-01 $241,204 (11.3%) $288,409 (10.1%) 0.87 2,090
    2018-03-01 $248,500 (13.5%) $293,152 (10.3%) 0.86 2,067
    2018-04-01 $256,450 (16.6%) $305,811 (13.2%) 0.86 2,051
    2018-05-01 $256,000 (12.6%) $307,480 (11.2%) 0.85 2,062
    2018-06-01 $249,900 (9.2%) $303,334 (9.4%) 0.83 2,147
    2018-07-01 $250,420 (8.9%) $308,223 (10.5%) 0.84 2,133
    2018-08-01 $254,400 (12.5%) $308,065 (10.5%) 0.85 2,130
    2018-09-01 $257,745 (12.1%) $307,100 (9.1%) 0.86 2,127
    2018-10-01 $254,896 (10.9%) $305,434 (8.9%) 0.85 2,089
    2018-11-01 $254,203 (10.5%) $303,818 (7.1%) 0.85 2,040
    2018-12-01 $254,687 (10.7%) $303,318 (8.0%) 0.87 1,951
    2019-01-01 $252,450 (6.5%) $298,893 (5.8%) 0.87 1,788
    2019-02-01 $257,818 (6.9%) $305,667 (6.0%) 0.86 1,710
    2019-03-01 $264,186 (6.3%) $315,360 (7.6%) 0.86 1,643
    2019-04-01 $268,231 (4.6%) $322,962 (5.6%) 0.84 1,554
    2019-05-01 $270,258 (5.6%) $323,712 (5.3%) 0.83 1,548
    2019-06-01 $273,900 (9.6%) $328,818 (8.4%) 0.84 1,563
    2019-07-01 $274,803 (9.7%) $335,982 (9.0%) 0.85 1,533
    2019-08-01 $274,832 (8.0%) $335,247 (8.8%) 0.86 1,468
    2019-09-01 $274,929 (6.7%) $335,163 (9.1%) 0.87 1,394
    2019-10-01 $274,944 (7.9%) $331,611 (8.6%) 0.88 1,440
    2019-11-01 $275,000 (8.2%) $333,229 (9.7%) 0.89 1,336
    2019-12-01 $274,118 (7.6%) $335,056 (10.5%) 0.91 1,250
    2020-01-01 $279,500 (10.7%) $343,367 (14.9%) 0.93 1,148
    2020-02-01 $284,900 (10.5%) $348,742 (14.1%) 0.92 1,053
    2020-03-01 $289,900 (9.7%) $359,576 (14.0%) 0.91 1,002
    2020-04-01 $287,810 (7.3%) $353,874 (9.6%) 0.90 1,086
    2020-05-01 $289,900 (7.3%) $354,778 (9.6%) 0.88 1,224
    2020-06-01 $295,450 (7.9%) $360,109 (9.5%) 0.86 1,118
    2020-07-01 $296,250 (7.8%) $370,799 (10.4%) 0.85 1,080
    2020-08-01 $300,000 (9.2%) $374,088 (11.6%) 0.86 1,050
    2020-09-01 $299,900 (9.1%) $369,794 (10.3%) 0.86 1,004
    2020-10-01 $297,400 (8.2%) $365,832 (10.3%) 0.85 996
    2020-11-01 $299,450 (8.9%) $370,817 (11.3%) 0.86 956
    2020-12-01 $304,033 (10.9%) $374,343 (11.7%) 0.89 952
    2021-01-01 $322,861 (15.5%) $383,617 (11.7%) 0.95 810
    2021-02-01 $350,565 (23.1%) $408,964 (17.3%) 1.01 642
    2021-03-01 $352,350 (21.5%) $416,337 (15.8%) 0.99 549
    2021-04-01 $337,450 (17.3%) $414,751 (17.2%) 0.91 494
    2021-05-01 $345,000 (19.0%) $418,951 (18.1%) 0.91 468
    2021-06-01 $316,477 (7.1%) $400,786 (11.3%) 0.82 355
    2021-07-01 $320,950 (8.3%) $410,343 (10.7%) 0.83 406
    2021-08-01 $324,125 (8.0%) $417,167 (11.5%) 0.85 523
    2021-09-01 $341,950 (14.0%) $437,393 (18.3%) 0.90 514
    2021-10-01 $345,000 (16.0%) $441,879 (20.8%) 0.91 525
    2021-11-01 $351,250 (17.3%) $459,654 (24.0%) 0.93 489
    2021-12-01 $362,900 (19.4%) $477,200 (27.5%) 0.97 441
    2022-01-01 $374,494 (16.0%) $487,198 (27.0%) 1.00 349
    2022-02-01 $369,950 (5.5%) $482,212 (17.9%) 0.94 348
    2022-03-01 $411,950 (16.9%) $478,914 (15.0%) 1.02 475
    2022-04-01 $400,000 (18.5%) $474,698 (14.5%) 0.94 567
    Huntsville's median listing price for 2022-04-01 was $400,000, a difference of $62,550 (18.5%) versus the prior year and $-11,950 versus the prior month.

    Huntsville's median listing price comes in at 94% of the national average.

    Huntsville's average listing price for 2022-04-01 was $474,698, a difference of $59,947 (14.5%) versus the prior year and $-4,216 versus the prior month.

    For the 2022-04-01 period, Huntsville had 567 MLS listings, a difference of 92 listings (19%) versus the prior month and 73 listings (15%) 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 96 days 2,433 sqft
    2018-02-01 96 days 2,464 sqft
    2018-03-01 81 days 2,497 sqft
    2018-04-01 72 days 2,544 sqft
    2018-05-01 66 days 2,536 sqft
    2018-06-01 64 days 2,500 sqft
    2018-07-01 66 days 2,503 sqft
    2018-08-01 72 days 2,506 sqft
    2018-09-01 79 days 2,533 sqft
    2018-10-01 85 days 2,518 sqft
    2018-11-01 90 days 2,506 sqft
    2018-12-01 95 days 2,505 sqft
    2019-01-01 105 days 2,485 sqft
    2019-02-01 99 days 2,490 sqft
    2019-03-01 101 days 2,521 sqft
    2019-04-01 61 days 2,540 sqft
    2019-05-01 53 days 2,529 sqft
    2019-06-01 51 days 2,543 sqft
    2019-07-01 57 days 2,577 sqft
    2019-08-01 60 days 2,557 sqft
    2019-09-01 59 days 2,533 sqft
    2019-10-01 58 days 2,524 sqft
    2019-11-01 63 days 2,513 sqft
    2019-12-01 71 days 2,500 sqft
    2020-01-01 79 days 2,504 sqft
    2020-02-01 70 days 2,488 sqft
    2020-03-01 48 days 2,509 sqft
    2020-04-01 43 days 2,490 sqft
    2020-05-01 42 days 2,497 sqft
    2020-06-01 45 days 2,500 sqft
    2020-07-01 52 days 2,500 sqft
    2020-08-01 49 days 2,503 sqft
    2020-09-01 45 days 2,432 sqft
    2020-10-01 45 days 2,400 sqft
    2020-11-01 46 days 2,420 sqft
    2020-12-01 51 days 2,395 sqft
    2021-01-01 55 days 2,407 sqft
    2021-02-01 58 days 2,517 sqft
    2021-03-01 42 days 2,413 sqft
    2021-04-01 33 days 2,414 sqft
    2021-05-01 22 days 2,390 sqft
    2021-06-01 11 days 2,320 sqft
    2021-07-01 12 days 2,325 sqft
    2021-08-01 16 days 2,339 sqft
    2021-09-01 22 days 2,379 sqft
    2021-10-01 22 days 2,349 sqft
    2021-11-01 21 days 2,381 sqft
    2021-12-01 30 days 2,401 sqft
    2022-01-01 34 days 2,460 sqft
    2022-02-01 15 days 2,400 sqft
    2022-03-01 12 days 2,464 sqft
    2022-04-01 16 days 2,458 sqft
    Huntsville's median listing age (time on market) for 2022-04-01 was 16 days. This is -51% shorter than the same period one year ago.

    Huntsville's median square footage for active listings during the 2022-04-01 period was 2,458 sqft. One year prior, the average listing was 2,414 sqft.