Lebanon USDA Loans

LEBANON, 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.

Lebanon's 28 lenders originated 54 USDA loans during 2021. The total origination value was $9,660,000, with an average USDA loan value of $178,889.

Lebanon USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Lebanon averaged 5.42% for the week of 2022-05-13, compared to the national average (all USDA variants) of 5.294% for the same period.

The average rate for the prior week (2022-05-06) was 5.16% and one month ago for the week of 2022-04-08, the average rate was 4.72%.

The average rate one year ago was 3.13%.

For refis of the same type during the week of 2022-05-13, the average rate was 5.28%.

Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

Lebanon 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 Lebanon level.

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
CROSSCOUNTRY MORTGAGE, LLC 7 3.05% $5,651
EMM LOANS LLC 6 2.85% $5,794
CALIBER HOME LOANS, INC. 5 3.29% $4,813
Mortgage America, Inc. 3 2.88% $5,835
FAMILY FIRST FUNDING LLC 3 3.21% $5,877
MEMBERS 1ST FEDERAL CREDIT UNION 3 3.08% $6,004
Keystone Funding, Inc. 2 2.44% $7,442
LOANDEPOT.COM, LLC 2 3.00% $4,384
RESIDENTIAL MORTGAGE SERVICES, INC. 2 2.75% $5,805
Flagstar Bank, FSB 2 3.00% $4,882
Northwest Bank 1 2.50% $4,612
Orrstown Bank 1 3.38% $5,302
PLAZA HOME MORTGAGE, INC. 1 2.88% $9,196
Sierra Pacific Mortgage Company, Inc. 1 3.25% $6,008
The Ephrata National Bank 1 2.75% $10,084
Truist Bank 1 2.75% $4,902
UNITED MORTGAGE CORP. 1 3.38% $5,112
ABSOLUTE HOME MORTGAGE CORPORATION 1 3.25% $6,424
UNITED WHOLESALE MORTGAGE, LLC 1 3.00% $10,865
Bank of England 1 2.88% $7,571
BROKER SOLUTIONS, INC. 1 2.99% $7,976
Citizens Bank 1 3.00% $6,523
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 3.00% $6,715
First Guaranty Mortgage Corporation 1 2.75% $4,060
HOME POINT FINANCIAL CORPORATION 1 2.25% $6,423
Homesale Mortgage, LLC 1 2.88% $5,713
HOMESPIRE MORTGAGE CORPORATION 1 3.13% $6,166
Northpointe Bank 1 2.63% $6,304

The top Lebanon USDA lender as defined by loan originations is CROSSCOUNTRY MORTGAGE, LLC, with 7 USDA loans originated. Their average total fees are $5,651, which is $143 lower than the next largest lender, EMM LOANS LLC.

The lowest fee Lebanon USDA lenders (with over 10 loans originated) are .

The lowest rate Lebanon USDA lenders (with over 10 loans originated) are .


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Lebanon (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 $196,950 (-4.4%) $218,519 (-3.9%) 0.73 470
2018-02-01 $199,970 (-3.6%) $221,956 (-2.8%) 0.72 472
2018-03-01 $221,032 (5.1%) $243,240 (3.8%) 0.76 440
2018-04-01 $218,900 (3.3%) $249,898 (5.3%) 0.73 456
2018-05-01 $220,516 (3.3%) $256,085 (9.2%) 0.74 448
2018-06-01 $225,000 (5.2%) $264,605 (11.2%) 0.75 458
2018-07-01 $228,950 (6.0%) $268,696 (13.8%) 0.76 437
2018-08-01 $238,945 (10.7%) $271,473 (14.6%) 0.80 398
2018-09-01 $244,900 (12.9%) $272,983 (13.6%) 0.82 412
2018-10-01 $241,245 (11.2%) $264,591 (12.1%) 0.81 397
2018-11-01 $229,450 (15.3%) $252,671 (13.3%) 0.77 401
2018-12-01 $219,000 (12.4%) $250,825 (14.0%) 0.75 381
2019-01-01 $212,450 (7.9%) $247,705 (13.4%) 0.73 349
2019-02-01 $222,500 (11.3%) $267,171 (20.4%) 0.75 326
2019-03-01 $228,057 (3.2%) $263,828 (8.5%) 0.74 304
2019-04-01 $238,800 (9.1%) $256,060 (2.5%) 0.75 299
2019-05-01 $246,278 (11.7%) $254,860 (-0.5%) 0.76 293
2019-06-01 $239,900 (6.6%) $261,812 (-1.1%) 0.74 307
2019-07-01 $239,900 (4.8%) $259,952 (-3.3%) 0.75 339
2019-08-01 $245,854 (2.9%) $261,764 (-3.6%) 0.77 324
2019-09-01 $251,900 (2.9%) $265,935 (-2.6%) 0.80 313
2019-10-01 $261,000 (8.2%) $267,591 (1.1%) 0.83 307
2019-11-01 $250,000 (9.0%) $267,333 (5.8%) 0.81 298
2019-12-01 $252,728 (15.4%) $268,808 (7.2%) 0.84 276
2020-01-01 $244,350 (15.0%) $270,277 (9.1%) 0.81 240
2020-02-01 $263,150 (18.3%) $271,736 (1.7%) 0.85 222
2020-03-01 $275,350 (20.7%) $288,130 (9.2%) 0.86 211
2020-04-01 $272,700 (14.2%) $299,019 (16.8%) 0.85 195
2020-05-01 $271,500 (10.2%) $296,414 (16.3%) 0.82 197
2020-06-01 $247,500 (3.2%) $285,110 (8.9%) 0.72 202
2020-07-01 $259,900 (8.3%) $302,271 (16.3%) 0.74 185
2020-08-01 $253,000 (2.9%) $298,624 (14.1%) 0.72 163
2020-09-01 $263,028 (4.4%) $293,903 (10.5%) 0.75 167
2020-10-01 $266,556 (2.1%) $291,612 (9.0%) 0.76 153
2020-11-01 $266,450 (6.6%) $289,136 (8.2%) 0.76 137
2020-12-01 $239,950 (-5.1%) $286,698 (6.7%) 0.70 119
2021-01-01 $276,900 (13.3%) $309,777 (14.6%) 0.81 101
2021-02-01 $285,400 (8.5%) $355,805 (30.9%) 0.82 80
2021-03-01 $274,900 (-0.2%) $347,007 (20.4%) 0.77 86
2021-04-01 $287,352 (5.4%) $347,182 (16.1%) 0.77 77
2021-05-01 $270,000 (-0.6%) $314,567 (6.1%) 0.71 89
2021-06-01 $254,950 (3.0%) $293,964 (3.1%) 0.66 124
2021-07-01 $224,900 (-13.5%) $281,799 (-6.8%) 0.58 128
2021-08-01 $224,950 (-11.1%) $270,846 (-9.3%) 0.59 150
2021-09-01 $227,000 (-13.7%) $292,288 (-0.6%) 0.60 137
2021-10-01 $225,000 (-15.6%) $298,922 (2.5%) 0.59 143
2021-11-01 $259,950 (-2.4%) $301,763 (4.4%) 0.69 126
2021-12-01 $279,495 (16.5%) $315,982 (10.2%) 0.75 110
2022-01-01 $303,990 (9.8%) $332,493 (7.3%) 0.81 88
2022-02-01 $309,900 (8.6%) $344,926 (-3.1%) 0.79 83
2022-03-01 $342,495 (24.6%) $347,486 (0.1%) 0.85 91
2022-04-01 $364,900 (27.0%) $384,282 (10.7%) 0.86 92
Lebanon's median listing price for 2022-04-01 was $364,900, a difference of $77,548 (27.0%) versus the prior year and $22,405 versus the prior month.

Lebanon's median listing price comes in at 86% of the national average.

Lebanon's average listing price for 2022-04-01 was $384,282, a difference of $37,100 (10.7%) versus the prior year and $36,796 versus the prior month.

For the 2022-04-01 period, Lebanon had 92 MLS listings, a difference of 1 listings (1%) versus the prior month and 15 listings (19%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Lebanon (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 107 days 1,702 sqft
2018-02-01 122 days 1,699 sqft
2018-03-01 116 days 1,794 sqft
2018-04-01 79 days 1,760 sqft
2018-05-01 75 days 1,760 sqft
2018-06-01 82 days 1,948 sqft
2018-07-01 87 days 1,955 sqft
2018-08-01 86 days 1,944 sqft
2018-09-01 87 days 1,955 sqft
2018-10-01 97 days 1,935 sqft
2018-11-01 95 days 1,903 sqft
2018-12-01 109 days 1,900 sqft
2019-01-01 112 days 1,904 sqft
2019-02-01 129 days 1,924 sqft
2019-03-01 102 days 1,926 sqft
2019-04-01 45 days 1,936 sqft
2019-05-01 49 days 1,899 sqft
2019-06-01 55 days 1,940 sqft
2019-07-01 58 days 1,895 sqft
2019-08-01 59 days 1,926 sqft
2019-09-01 69 days 1,988 sqft
2019-10-01 72 days 2,066 sqft
2019-11-01 72 days 2,040 sqft
2019-12-01 79 days 2,025 sqft
2020-01-01 87 days 2,022 sqft
2020-02-01 87 days 2,043 sqft
2020-03-01 62 days 2,036 sqft
2020-04-01 71 days 2,017 sqft
2020-05-01 84 days 1,980 sqft
2020-06-01 73 days 1,994 sqft
2020-07-01 54 days 2,014 sqft
2020-08-01 51 days 1,960 sqft
2020-09-01 37 days 1,865 sqft
2020-10-01 60 days 1,780 sqft
2020-11-01 65 days 1,852 sqft
2020-12-01 54 days 1,730 sqft
2021-01-01 70 days 1,770 sqft
2021-02-01 73 days 1,945 sqft
2021-03-01 47 days 1,796 sqft
2021-04-01 35 days 1,822 sqft
2021-05-01 42 days 1,836 sqft
2021-06-01 31 days 1,788 sqft
2021-07-01 37 days 1,555 sqft
2021-08-01 41 days 1,578 sqft
2021-09-01 44 days 1,648 sqft
2021-10-01 39 days 1,621 sqft
2021-11-01 46 days 1,660 sqft
2021-12-01 60 days 1,658 sqft
2022-01-01 80 days 1,728 sqft
2022-02-01 66 days 1,781 sqft
2022-03-01 50 days 1,784 sqft
2022-04-01 46 days 1,880 sqft
Lebanon's median listing age (time on market) for 2022-04-01 was 46 days. This is 33% longer than the same period one year ago.

Lebanon's median square footage for active listings during the 2022-04-01 period was 1,880 sqft. One year prior, the average listing was 1,822 sqft.