Johnstown USDA Loan Rates, Closing Costs & Stats
JOHNSTOWN, PA
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.
Johnstown's 21 lenders originated 46 USDA loans during 2023. The total origination value was $6,490,000, with an average USDA loan value of $141,087.
Johnstown USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Johnstown
averaged
6.47%
for the week of 2024-04-12, compared to the national average (all USDA variants) of
6.705% for the same period.
Johnstown's average USDA mortgage closing costs are $4,645.
The average rate for the prior week (2024-04-05) was
6.8% and
one month ago for the week of 2024-03-08, the
average rate was 6.56%.
The average rate one year ago was 6.27%.
For refis of the same type during the week of 2024-04-12, the average rate
was 6.91%.
Johnstown 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 Johnstown level.
| Name | # of Loans | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
|---|---|---|---|
| First Commonwealth Bank | 11 | 6.56% | $5,428 |
| Flagstar Bank, FSB | 7 | 6.78% | $5,771 |
| UNION HOME MORTGAGE CORP. | 5 | 6.35% | $5,404 |
| SOMERSET TRUST COMPANY | 3 | 6.38% | $4,888 |
| NORWICH COMMERCIAL GROUP, INC. | 2 | 6.25% | $5,030 |
| Mortgage Research Center, LLC | 2 | 6.25% | $1,114 |
| FREEDOM MORTGAGE CORPORATION | 1 | 7.13% | $6,078 |
| LIBERTY HOME MORTGAGE CORPORATION | 1 | 6.75% | $3,238 |
| M&T Bank | 1 | 6.25% | $9,201 |
| Northwest Bank | 1 | 6.50% | $4,720 |
| Paramount Residential Mortgage Group, Inc. | 1 | 7.13% | $4,901 |
| PLAZA HOME MORTGAGE, INC. | 1 | 6.99% | $6,019 |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | 1 | 6.00% | $4,137 |
| ROYAL UNITED MORTGAGE LLC | 1 | 7.00% | $11,235 |
| ACADEMY MORTGAGE CORPORATION | 1 | 7.25% | $9,489 |
| U.S. Bank | 1 | 6.63% | $4,208 |
| AFFORDABLE MORTGAGE ADVISORS, LLC. | 1 | 6.25% | $4,322 |
| BROKER SOLUTIONS, INC. | 1 | 7.63% | $7,066 |
| Equity Prime Mortgage LLC | 1 | 7.25% | $6,758 |
| EQUITY RESOURCES, INC. | 1 | 6.99% | $4,928 |
| First National Bank of Pennsylvania | 1 | 5.75% | $4,685 |
The top Johnstown USDA lender as defined by loan originations is First Commonwealth Bank, with
11 USDA loans originated. Their average total fees are
$5,428, which is $343
lower than the next largest lender,
Flagstar Bank, FSB.
The lowest fee Johnstown USDA lenders (with over 10 loans originated) are
First Commonwealth Bank ($5,428), .
The lowest rate Johnstown USDA lenders (with over 10 loans originated) are
First Commonwealth Bank (6.56%), .
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Johnstown (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 | $74,650 (6.8%) | $101,094 (-3.0%) | 0.28 | 461 |
| 2018-02-01 | $69,550 (7.0%) | $95,688 (-5.6%) | 0.25 | 444 |
| 2018-03-01 | $69,900 (0.0%) | $95,264 (-10.0%) | 0.24 | 442 |
| 2018-04-01 | $72,900 (1.4%) | $100,039 (-5.4%) | 0.25 | 459 |
| 2018-05-01 | $74,900 (-0.1%) | $104,666 (-4.3%) | 0.25 | 488 |
| 2018-06-01 | $79,900 (6.7%) | $109,777 (0.0%) | 0.27 | 520 |
| 2018-07-01 | $79,900 (10.2%) | $109,116 (1.4%) | 0.27 | 546 |
| 2018-08-01 | $79,300 (5.9%) | $107,661 (-0.4%) | 0.26 | 552 |
| 2018-09-01 | $79,000 (9.7%) | $109,132 (1.2%) | 0.26 | 539 |
| 2018-10-01 | $77,300 (3.2%) | $109,232 (2.0%) | 0.26 | 530 |
| 2018-11-01 | $74,975 (0.1%) | $107,841 (0.7%) | 0.25 | 499 |
| 2018-12-01 | $72,000 (2.9%) | $105,879 (3.7%) | 0.25 | 456 |
| 2019-01-01 | $71,000 (-4.9%) | $108,740 (7.6%) | 0.26 | 415 |
| 2019-02-01 | $69,925 (0.5%) | $108,129 (13.0%) | 0.24 | 404 |
| 2019-03-01 | $75,836 (8.5%) | $114,418 (20.1%) | 0.25 | 419 |
| 2019-04-01 | $84,125 (15.4%) | $123,258 (23.2%) | 0.27 | 435 |
| 2019-05-01 | $81,625 (9.0%) | $121,289 (15.9%) | 0.26 | 426 |
| 2019-06-01 | $89,000 (11.4%) | $119,470 (8.8%) | 0.28 | 459 |
| 2019-07-01 | $87,425 (9.4%) | $116,502 (6.8%) | 0.28 | 510 |
| 2019-08-01 | $83,941 (5.9%) | $115,035 (6.9%) | 0.27 | 522 |
| 2019-09-01 | $82,427 (4.3%) | $114,113 (4.6%) | 0.27 | 525 |
| 2019-10-01 | $82,243 (6.4%) | $114,972 (5.3%) | 0.27 | 517 |
| 2019-11-01 | $79,900 (6.6%) | $111,427 (3.3%) | 0.26 | 487 |
| 2019-12-01 | $79,900 (11.0%) | $110,395 (4.3%) | 0.27 | 446 |
| 2020-01-01 | $79,900 (12.5%) | $110,455 (1.6%) | 0.27 | 410 |
| 2020-02-01 | $74,900 (7.1%) | $99,667 (-7.8%) | 0.24 | 376 |
| 2020-03-01 | $77,100 (1.7%) | $105,173 (-8.1%) | 0.24 | 383 |
| 2020-04-01 | $77,875 (-7.4%) | $106,157 (-13.9%) | 0.24 | 346 |
| 2020-05-01 | $79,900 (-2.1%) | $110,528 (-8.9%) | 0.24 | 320 |
| 2020-06-01 | $82,450 (-7.4%) | $115,686 (-3.2%) | 0.23 | 308 |
| 2020-07-01 | $80,000 (-8.5%) | $114,733 (-1.5%) | 0.23 | 308 |
| 2020-08-01 | $87,500 (4.2%) | $118,641 (3.1%) | 0.25 | 303 |
| 2020-09-01 | $82,750 (0.4%) | $116,711 (2.3%) | 0.25 | 267 |
| 2020-10-01 | $75,900 (-7.7%) | $108,548 (-5.6%) | 0.22 | 256 |
| 2020-11-01 | $79,650 (-0.3%) | $110,723 (-0.6%) | 0.23 | 235 |
| 2020-12-01 | $80,425 (0.7%) | $111,679 (1.2%) | 0.23 | 211 |
| 2021-01-01 | $79,900 (0.0%) | $108,863 (-1.4%) | 0.25 | 181 |
| 2021-02-01 | $80,925 (8.0%) | $110,728 (11.1%) | 0.24 | 151 |
| 2021-03-01 | $74,950 (-2.8%) | $107,289 (2.0%) | 0.21 | 139 |
| 2021-04-01 | $74,975 (-3.7%) | $103,525 (-2.5%) | 0.20 | 128 |
| 2021-05-01 | $84,900 (6.3%) | $128,437 (16.2%) | 0.23 | 145 |
| 2021-06-01 | $96,950 (17.6%) | $150,839 (30.4%) | 0.25 | 165 |
| 2021-07-01 | $105,900 (32.4%) | $151,546 (32.1%) | 0.28 | 193 |
| 2021-08-01 | $92,350 (5.5%) | $138,545 (16.8%) | 0.24 | 202 |
| 2021-09-01 | $100,000 (20.9%) | $138,076 (18.3%) | 0.28 | 198 |
| 2021-10-01 | $99,900 (31.6%) | $135,957 (25.3%) | 0.26 | 212 |
| 2021-11-01 | $93,675 (17.6%) | $137,176 (23.9%) | 0.25 | 180 |
| 2021-12-01 | $94,700 (17.8%) | $134,680 (20.6%) | 0.25 | 164 |
| 2022-01-01 | $89,900 (12.5%) | $132,584 (21.8%) | 0.24 | 142 |
| 2022-02-01 | $81,975 (1.3%) | $128,550 (16.1%) | 0.20 | 127 |
| 2022-03-01 | $82,500 (10.1%) | $134,720 (25.6%) | 0.20 | 121 |
| 2022-04-01 | $85,000 (13.4%) | $127,115 (22.8%) | 0.20 | 129 |
| 2022-05-01 | $92,450 (8.9%) | $138,675 (8.0%) | 0.21 | 139 |
| 2022-06-01 | $92,325 (-4.8%) | $136,970 (-9.2%) | 0.20 | 159 |
| 2022-07-01 | $109,450 (3.4%) | $146,722 (-3.2%) | 0.23 | 190 |
| 2022-08-01 | $110,450 (19.6%) | $143,920 (3.9%) | 0.26 | 213 |
| 2022-09-01 | $118,500 (18.5%) | $143,127 (3.7%) | 0.00 | 188 |
| 2022-10-01 | $109,950 (10.1%) | $138,213 (1.7%) | 0.00 | 181 |
| 2022-11-01 | $113,675 (21.4%) | $139,000 (1.3%) | 0.00 | 178 |
| 2022-12-01 | $94,950 (0.3%) | $127,872 (-5.1%) | 0.00 | 165 |
| 2023-01-01 | $87,400 (-2.8%) | $122,001 (-8.0%) | 0.00 | 154 |
| 2023-02-01 | $91,950 (12.2%) | $128,745 (0.2%) | 0.00 | 142 |
| 2023-03-01 | $98,475 (19.4%) | $130,145 (-3.4%) | 0.00 | 136 |
| 2023-04-01 | $98,500 (15.9%) | $136,155 (7.1%) | 0.00 | 125 |
| 2023-05-01 | $85,500 (-7.5%) | $127,363 (-8.2%) | 0.00 | 149 |
| 2023-06-01 | $94,200 (2.0%) | $132,014 (-3.6%) | 0.00 | 196 |
| 2023-07-01 | $95,000 (-13.2%) | $134,281 (-8.5%) | 0.00 | 201 |
| 2023-08-01 | $109,950 (-0.5%) | $147,687 (2.6%) | 0.00 | 209 |
| 2023-09-01 | $109,000 (-8.0%) | $146,496 (2.4%) | 0.00 | 204 |
| 2023-10-01 | $103,750 (-5.6%) | $141,175 (2.1%) | 0.00 | 213 |
| 2023-11-01 | $97,400 (-14.3%) | $139,562 (0.4%) | 0.00 | 208 |
| 2023-12-01 | $99,900 (5.2%) | $141,488 (10.7%) | 0.00 | 196 |
| 2024-01-01 | $97,450 (11.5%) | $145,684 (19.4%) | 0.00 | 181 |
| 2024-02-01 | $99,650 (8.4%) | $143,686 (11.6%) | 0.00 | 163 |
| 2024-03-01 | $109,450 (11.1%) | $142,911 (9.8%) | 0.00 | 164 |
Johnstown's median listing price comes in at 0% of the national average.
Johnstown's average listing price for 2024-03-01 was $142,911, a difference of $12,766 (9.8%) versus the prior year and $-775 versus the prior month.
For the 2024-03-01 period, Johnstown had 164 MLS listings, a difference of 1 listings (1%) versus the prior month and 28 listings (21%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Johnstown (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 141 days | 1,519 sqft |
| 2018-02-01 | 145 days | 1,484 sqft |
| 2018-03-01 | 144 days | 1,497 sqft |
| 2018-04-01 | 125 days | 1,544 sqft |
| 2018-05-01 | 85 days | 1,557 sqft |
| 2018-06-01 | 74 days | 1,560 sqft |
| 2018-07-01 | 80 days | 1,557 sqft |
| 2018-08-01 | 84 days | 1,544 sqft |
| 2018-09-01 | 94 days | 1,560 sqft |
| 2018-10-01 | 98 days | 1,560 sqft |
| 2018-11-01 | 107 days | 1,540 sqft |
| 2018-12-01 | 120 days | 1,536 sqft |
| 2019-01-01 | 128 days | 1,553 sqft |
| 2019-02-01 | 133 days | 1,535 sqft |
| 2019-03-01 | 135 days | 1,567 sqft |
| 2019-04-01 | 93 days | 1,616 sqft |
| 2019-05-01 | 76 days | 1,631 sqft |
| 2019-06-01 | 75 days | 1,616 sqft |
| 2019-07-01 | 76 days | 1,600 sqft |
| 2019-08-01 | 80 days | 1,572 sqft |
| 2019-09-01 | 89 days | 1,564 sqft |
| 2019-10-01 | 93 days | 1,567 sqft |
| 2019-11-01 | 93 days | 1,600 sqft |
| 2019-12-01 | 102 days | 1,600 sqft |
| 2020-01-01 | 115 days | 1,568 sqft |
| 2020-02-01 | 126 days | 1,498 sqft |
| 2020-03-01 | 127 days | 1,491 sqft |
| 2020-04-01 | 136 days | 1,462 sqft |
| 2020-05-01 | 144 days | 1,502 sqft |
| 2020-06-01 | 117 days | 1,565 sqft |
| 2020-07-01 | 73 days | 1,472 sqft |
| 2020-08-01 | 72 days | 1,539 sqft |
| 2020-09-01 | 83 days | 1,478 sqft |
| 2020-10-01 | 77 days | 1,468 sqft |
| 2020-11-01 | 83 days | 1,458 sqft |
| 2020-12-01 | 100 days | 1,484 sqft |
| 2021-01-01 | 109 days | 1,456 sqft |
| 2021-02-01 | 110 days | 1,472 sqft |
| 2021-03-01 | 108 days | 1,316 sqft |
| 2021-04-01 | 78 days | 1,350 sqft |
| 2021-05-01 | 41 days | 1,410 sqft |
| 2021-06-01 | 40 days | 1,546 sqft |
| 2021-07-01 | 45 days | 1,556 sqft |
| 2021-08-01 | 47 days | 1,502 sqft |
| 2021-09-01 | 52 days | 1,493 sqft |
| 2021-10-01 | 57 days | 1,478 sqft |
| 2021-11-01 | 62 days | 1,461 sqft |
| 2021-12-01 | 71 days | 1,481 sqft |
| 2022-01-01 | 87 days | 1,516 sqft |
| 2022-02-01 | 89 days | 1,453 sqft |
| 2022-03-01 | 62 days | 1,478 sqft |
| 2022-04-01 | 45 days | 1,495 sqft |
| 2022-05-01 | 50 days | 1,534 sqft |
| 2022-06-01 | 39 days | 1,468 sqft |
| 2022-07-01 | 40 days | 1,543 sqft |
| 2022-08-01 | 45 days | 1,489 sqft |
| 2022-09-01 | 0 days | 1,530 sqft |
| 2022-10-01 | 0 days | 1,511 sqft |
| 2022-11-01 | 0 days | 1,600 sqft |
| 2022-12-01 | 0 days | 1,580 sqft |
| 2023-01-01 | 0 days | 1,468 sqft |
| 2023-02-01 | 0 days | 1,560 sqft |
| 2023-03-01 | 0 days | 1,513 sqft |
| 2023-04-01 | 0 days | 1,597 sqft |
| 2023-05-01 | 0 days | 1,489 sqft |
| 2023-06-01 | 0 days | 1,532 sqft |
| 2023-07-01 | 0 days | 1,560 sqft |
| 2023-08-01 | 0 days | 1,589 sqft |
| 2023-09-01 | 0 days | 1,560 sqft |
| 2023-10-01 | 0 days | 1,515 sqft |
| 2023-11-01 | 0 days | 1,460 sqft |
| 2023-12-01 | 0 days | 1,450 sqft |
| 2024-01-01 | 0 days | 1,417 sqft |
| 2024-02-01 | 0 days | 1,424 sqft |
| 2024-03-01 | 0 days | 1,430 sqft |
Johnstown's median square footage for active listings during the 2024-03-01 period was 1,430 sqft. One year prior, the average listing was 1,513 sqft.