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 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%.
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 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. 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 | $255,950 (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 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. LouisDate | 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 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.