Lebanon USDA Loan Rates, Closing Costs & Stats
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 7 lenders originated 8 USDA loans during 2023. The total origination value was $1,730,000, with an average USDA loan value of $216,250.
Lebanon USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Lebanon
averaged
0.08%
for the week of 2024-11-15, compared to the national average (all USDA variants) of
0% for the same period.
Lebanon's average USDA mortgage closing costs are $5,626.
The average rate for the prior week (2024-11-08) was
6.64% and
one month ago for the week of 2024-10-11, the
average rate was 6.1%.
The average rate one year ago was 7.13%.
For refis of the same type during the week of 2024-11-15, the average rate
was 0.07%.
Lebanon 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 Lebanon level.
| Name | # of Loans | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
|---|---|---|---|
| Mortgage America, Inc. | 2 | 5.81% | $6,348 |
| CROSSCOUNTRY MORTGAGE, LLC | 1 | 7.13% | $8,338 |
| EMM LOANS LLC | 1 | 6.38% | $6,805 |
| BROKER SOLUTIONS, INC. | 1 | 5.88% | $10,588 |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | 1 | 6.00% | $7,434 |
| GUILD MORTGAGE COMPANY | 1 | 6.25% | $7,405 |
| ENVOY MORTGAGE, LTD | 1 | 6.63% | $9,803 |
The top Lebanon USDA lender as defined by loan originations is Mortgage America, Inc., with
2 USDA loans originated. Their average total fees are
$6,348, which is $1,990
lower than the next largest lender,
CROSSCOUNTRY MORTGAGE, 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 | $199,800 (-2.0%) | $223,202 (1.0%) | 0.74 | 465 |
| 2018-02-01 | $203,560 (0.7%) | $223,328 (1.3%) | 0.74 | 459 |
| 2018-03-01 | $222,900 (7.7%) | $243,081 (6.5%) | 0.78 | 437 |
| 2018-04-01 | $218,300 (4.0%) | $247,799 (6.7%) | 0.74 | 453 |
| 2018-05-01 | $220,475 (4.9%) | $255,461 (11.2%) | 0.73 | 449 |
| 2018-06-01 | $224,900 (7.3%) | $261,679 (13.9%) | 0.75 | 463 |
| 2018-07-01 | $228,600 (8.4%) | $264,785 (15.4%) | 0.76 | 447 |
| 2018-08-01 | $242,050 (15.3%) | $269,965 (18.8%) | 0.81 | 413 |
| 2018-09-01 | $244,900 (16.6%) | $270,133 (17.5%) | 0.82 | 419 |
| 2018-10-01 | $241,345 (14.7%) | $265,116 (16.9%) | 0.82 | 410 |
| 2018-11-01 | $229,900 (15.0%) | $252,692 (12.4%) | 0.78 | 413 |
| 2018-12-01 | $218,000 (9.1%) | $249,524 (10.2%) | 0.75 | 395 |
| 2019-01-01 | $213,950 (7.1%) | $247,518 (10.9%) | 0.74 | 360 |
| 2019-02-01 | $230,448 (13.2%) | $264,013 (18.2%) | 0.78 | 338 |
| 2019-03-01 | $236,761 (6.2%) | $262,780 (8.1%) | 0.77 | 314 |
| 2019-04-01 | $244,725 (12.1%) | $258,263 (4.2%) | 0.78 | 315 |
| 2019-05-01 | $249,700 (13.3%) | $259,482 (1.6%) | 0.78 | 306 |
| 2019-06-01 | $245,900 (9.3%) | $268,584 (2.6%) | 0.77 | 328 |
| 2019-07-01 | $246,611 (7.9%) | $264,745 (0.0%) | 0.77 | 363 |
| 2019-08-01 | $253,173 (4.6%) | $268,432 (-0.6%) | 0.80 | 353 |
| 2019-09-01 | $260,332 (6.3%) | $273,582 (1.3%) | 0.83 | 339 |
| 2019-10-01 | $264,605 (9.6%) | $274,912 (3.7%) | 0.85 | 324 |
| 2019-11-01 | $263,900 (14.8%) | $273,193 (8.1%) | 0.87 | 313 |
| 2019-12-01 | $255,556 (17.2%) | $271,294 (8.7%) | 0.85 | 291 |
| 2020-01-01 | $249,900 (16.8%) | $272,976 (10.3%) | 0.84 | 252 |
| 2020-02-01 | $258,556 (12.2%) | $277,820 (5.2%) | 0.85 | 230 |
| 2020-03-01 | $272,350 (15.0%) | $287,944 (9.6%) | 0.86 | 210 |
| 2020-04-01 | $264,228 (8.0%) | $298,970 (15.8%) | 0.84 | 192 |
| 2020-05-01 | $258,678 (3.6%) | $298,985 (15.2%) | 0.79 | 195 |
| 2020-06-01 | $252,114 (2.5%) | $293,575 (9.3%) | 0.74 | 201 |
| 2020-07-01 | $256,175 (3.9%) | $303,547 (14.7%) | 0.75 | 177 |
| 2020-08-01 | $247,300 (-2.3%) | $297,896 (11.0%) | 0.71 | 155 |
| 2020-09-01 | $251,250 (-3.5%) | $294,152 (7.5%) | 0.72 | 158 |
| 2020-10-01 | $248,900 (-5.9%) | $288,333 (4.9%) | 0.71 | 147 |
| 2020-11-01 | $254,656 (-3.5%) | $288,210 (5.5%) | 0.75 | 127 |
| 2020-12-01 | $219,225 (-14.2%) | $282,711 (4.2%) | 0.66 | 109 |
| 2021-01-01 | $269,950 (8.0%) | $316,282 (15.9%) | 0.82 | 94 |
| 2021-02-01 | $281,882 (9.0%) | $361,812 (30.2%) | 0.82 | 75 |
| 2021-03-01 | $251,125 (-7.8%) | $337,480 (17.2%) | 0.71 | 82 |
| 2021-04-01 | $275,325 (4.2%) | $345,332 (15.5%) | 0.75 | 70 |
| 2021-05-01 | $250,250 (-3.3%) | $314,682 (5.3%) | 0.67 | 82 |
| 2021-06-01 | $238,000 (-5.6%) | $291,813 (-0.6%) | 0.63 | 112 |
| 2021-07-01 | $212,000 (-17.2%) | $274,771 (-9.5%) | 0.56 | 120 |
| 2021-08-01 | $210,405 (-14.9%) | $259,506 (-12.9%) | 0.57 | 138 |
| 2021-09-01 | $224,900 (-10.5%) | $290,557 (-1.2%) | 0.60 | 130 |
| 2021-10-01 | $220,000 (-11.6%) | $294,432 (2.1%) | 0.59 | 135 |
| 2021-11-01 | $233,625 (-8.3%) | $301,578 (4.6%) | 0.63 | 119 |
| 2021-12-01 | $243,725 (11.2%) | $310,367 (9.8%) | 0.67 | 101 |
| 2022-01-01 | $269,900 (0.0%) | $330,990 (4.7%) | 0.73 | 80 |
| 2022-02-01 | $264,950 (-6.0%) | $338,432 (-6.5%) | 0.69 | 72 |
| 2022-03-01 | $296,325 (18.0%) | $342,994 (1.6%) | 0.74 | 79 |
| 2022-04-01 | $337,450 (22.6%) | $384,382 (11.3%) | 0.80 | 84 |
| 2022-05-01 | $315,925 (26.2%) | $379,538 (20.6%) | 0.72 | 100 |
| 2022-06-01 | $299,950 (26.0%) | $378,755 (29.8%) | 0.67 | 115 |
| 2022-07-01 | $291,450 (37.5%) | $351,234 (27.8%) | 0.66 | 124 |
| 2022-08-01 | $295,000 (40.2%) | $350,294 (35.0%) | 0.68 | 131 |
| 2022-09-01 | $325,950 (44.9%) | $351,295 (20.9%) | 0.76 | 147 |
| 2022-10-01 | $349,163 (58.7%) | $349,992 (18.9%) | 0.82 | 151 |
| 2022-11-01 | $344,123 (47.3%) | $348,090 (15.4%) | 0.83 | 144 |
| 2022-12-01 | $366,450 (50.4%) | $366,437 (18.1%) | 0.90 | 111 |
| 2023-01-01 | $389,875 (44.5%) | $384,889 (16.3%) | 0.97 | 101 |
| 2023-02-01 | $376,928 (42.3%) | $362,870 (7.2%) | 0.91 | 114 |
| 2023-03-01 | $372,428 (25.7%) | $356,119 (3.8%) | 0.88 | 120 |
| 2023-04-01 | $379,900 (12.6%) | $397,696 (3.5%) | 0.88 | 126 |
| 2023-05-01 | $384,750 (21.8%) | $429,681 (13.2%) | 0.87 | 135 |
| 2023-06-01 | $387,000 (29.0%) | $421,732 (11.4%) | 0.87 | 144 |
| 2023-07-01 | $380,950 (30.7%) | $416,746 (18.7%) | 0.87 | 136 |
| 2023-08-01 | $387,500 (31.4%) | $418,290 (19.4%) | 0.89 | 141 |
| 2023-09-01 | $372,400 (14.3%) | $388,150 (10.5%) | 0.87 | 145 |
| 2023-10-01 | $368,445 (5.5%) | $375,810 (7.4%) | 0.87 | 146 |
| 2023-11-01 | $366,741 (6.6%) | $363,370 (4.4%) | 0.87 | 145 |
| 2023-12-01 | $370,000 (1.0%) | $368,483 (0.6%) | 0.00 | 155 |
| 2024-01-01 | $369,698 (-5.2%) | $368,695 (-4.2%) | 0.00 | 152 |
| 2024-02-01 | $371,969 (-1.3%) | $375,530 (3.5%) | 0.00 | 159 |
| 2024-03-01 | $373,600 (0.3%) | $385,674 (8.3%) | 0.00 | 163 |
| 2024-04-01 | $390,400 (2.8%) | $411,028 (3.4%) | 0.00 | 172 |
| 2024-05-01 | $395,575 (2.8%) | $415,666 (-3.3%) | 0.00 | 178 |
| 2024-06-01 | $400,000 (3.4%) | $417,866 (-0.9%) | 0.00 | 194 |
| 2024-07-01 | $394,075 (3.5%) | $417,088 (0.1%) | 0.00 | 215 |
| 2024-08-01 | $400,000 (3.2%) | $427,861 (2.3%) | 0.00 | 199 |
| 2024-09-01 | $408,900 (9.8%) | $428,151 (10.3%) | 0.00 | 212 |
| 2024-10-01 | $387,450 (5.2%) | $404,993 (7.8%) | 0.00 | 239 |
Lebanon's median listing price comes in at 0% of the national average.
Lebanon's average listing price for 2024-10-01 was $404,993, a difference of $29,183 (7.8%) versus the prior year and $-23,158 versus the prior month.
For the 2024-10-01 period, Lebanon had 239 MLS listings, a difference of 27 listings (13%) versus the prior month and 93 listings (64%) 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 | 84 days | 1,715 sqft |
| 2018-02-01 | 91 days | 1,708 sqft |
| 2018-03-01 | 75 days | 1,792 sqft |
| 2018-04-01 | 57 days | 1,756 sqft |
| 2018-05-01 | 52 days | 1,759 sqft |
| 2018-06-01 | 61 days | 1,933 sqft |
| 2018-07-01 | 65 days | 1,961 sqft |
| 2018-08-01 | 64 days | 1,962 sqft |
| 2018-09-01 | 63 days | 1,972 sqft |
| 2018-10-01 | 69 days | 1,936 sqft |
| 2018-11-01 | 73 days | 1,904 sqft |
| 2018-12-01 | 79 days | 1,893 sqft |
| 2019-01-01 | 84 days | 1,889 sqft |
| 2019-02-01 | 100 days | 1,902 sqft |
| 2019-03-01 | 71 days | 1,907 sqft |
| 2019-04-01 | 34 days | 1,911 sqft |
| 2019-05-01 | 39 days | 1,870 sqft |
| 2019-06-01 | 42 days | 1,893 sqft |
| 2019-07-01 | 43 days | 1,885 sqft |
| 2019-08-01 | 48 days | 1,946 sqft |
| 2019-09-01 | 54 days | 2,020 sqft |
| 2019-10-01 | 59 days | 2,077 sqft |
| 2019-11-01 | 62 days | 2,078 sqft |
| 2019-12-01 | 67 days | 2,048 sqft |
| 2020-01-01 | 67 days | 2,045 sqft |
| 2020-02-01 | 63 days | 2,040 sqft |
| 2020-03-01 | 52 days | 2,011 sqft |
| 2020-04-01 | 65 days | 2,011 sqft |
| 2020-05-01 | 74 days | 1,982 sqft |
| 2020-06-01 | 37 days | 2,024 sqft |
| 2020-07-01 | 39 days | 2,031 sqft |
| 2020-08-01 | 38 days | 1,984 sqft |
| 2020-09-01 | 27 days | 1,876 sqft |
| 2020-10-01 | 43 days | 1,818 sqft |
| 2020-11-01 | 45 days | 1,901 sqft |
| 2020-12-01 | 50 days | 1,715 sqft |
| 2021-01-01 | 57 days | 1,770 sqft |
| 2021-02-01 | 53 days | 1,956 sqft |
| 2021-03-01 | 32 days | 1,812 sqft |
| 2021-04-01 | 27 days | 1,861 sqft |
| 2021-05-01 | 28 days | 1,831 sqft |
| 2021-06-01 | 22 days | 1,770 sqft |
| 2021-07-01 | 30 days | 1,544 sqft |
| 2021-08-01 | 33 days | 1,560 sqft |
| 2021-09-01 | 32 days | 1,629 sqft |
| 2021-10-01 | 34 days | 1,621 sqft |
| 2021-11-01 | 39 days | 1,668 sqft |
| 2021-12-01 | 47 days | 1,637 sqft |
| 2022-01-01 | 56 days | 1,712 sqft |
| 2022-02-01 | 37 days | 1,773 sqft |
| 2022-03-01 | 36 days | 1,796 sqft |
| 2022-04-01 | 32 days | 1,931 sqft |
| 2022-05-01 | 21 days | 1,879 sqft |
| 2022-06-01 | 26 days | 1,924 sqft |
| 2022-07-01 | 31 days | 1,830 sqft |
| 2022-08-01 | 35 days | 1,812 sqft |
| 2022-09-01 | 30 days | 1,877 sqft |
| 2022-10-01 | 38 days | 1,871 sqft |
| 2022-11-01 | 48 days | 1,847 sqft |
| 2022-12-01 | 65 days | 1,924 sqft |
| 2023-01-01 | 88 days | 1,933 sqft |
| 2023-02-01 | 51 days | 1,830 sqft |
| 2023-03-01 | 49 days | 1,808 sqft |
| 2023-04-01 | 55 days | 1,940 sqft |
| 2023-05-01 | 43 days | 1,993 sqft |
| 2023-06-01 | 50 days | 1,998 sqft |
| 2023-07-01 | 65 days | 1,970 sqft |
| 2023-08-01 | 59 days | 1,959 sqft |
| 2023-09-01 | 36 days | 1,896 sqft |
| 2023-10-01 | 43 days | 1,903 sqft |
| 2023-11-01 | 42 days | 1,888 sqft |
| 2023-12-01 | 0 days | 1,874 sqft |
| 2024-01-01 | 0 days | 1,909 sqft |
| 2024-02-01 | 0 days | 1,913 sqft |
| 2024-03-01 | 0 days | 1,940 sqft |
| 2024-04-01 | 0 days | 2,028 sqft |
| 2024-05-01 | 0 days | 1,977 sqft |
| 2024-06-01 | 0 days | 1,905 sqft |
| 2024-07-01 | 0 days | 1,880 sqft |
| 2024-08-01 | 0 days | 1,887 sqft |
| 2024-09-01 | 0 days | 1,905 sqft |
| 2024-10-01 | 0 days | 1,890 sqft |
Lebanon's median square footage for active listings during the 2024-10-01 period was 1,890 sqft. One year prior, the average listing was 1,903 sqft.