Lebanon USDA Loan Rates, Closing Costs & Stats

LEBANON, PA

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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.

    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 7.05% for the week of 2024-04-19, compared to the national average (all USDA variants) of 6.863% for the same period.

    Lebanon's average USDA mortgage closing costs are $5,626.

    The average rate for the prior week (2024-04-12) was 6.5% and one month ago for the week of 2024-03-15, the average rate was 6.38%.

    The average rate one year ago was 6.12%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.83%.

    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/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
    Lebanon's median listing price for 2024-03-01 was $373,600, a difference of $1,172 (0.3%) versus the prior year and $1,631 versus the prior month.

    Lebanon's median listing price comes in at 0% of the national average.

    Lebanon's average listing price for 2024-03-01 was $385,674, a difference of $29,555 (8.3%) versus the prior year and $10,144 versus the prior month.

    For the 2024-03-01 period, Lebanon had 163 MLS listings, a difference of 4 listings (3%) versus the prior month and 43 listings (36%) 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
    Lebanon's median listing age (time on market) for 2024-03-01 was 0 days. This is -100% shorter than the same period one year ago.

    Lebanon's median square footage for active listings during the 2024-03-01 period was 1,940 sqft. One year prior, the average listing was 1,808 sqft.