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 6.49% for the week of 2024-04-12, compared to the national average (all USDA variants) of 6.705% for the same period.

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

The average rate for the prior week (2024-04-05) was 6.51% and one month ago for the week of 2024-03-08, the average rate was 6.37%.

The average rate one year ago was 6.48%.

For refis of the same type during the week of 2024-04-12, the average rate was 6.47%.

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.