Parkersburg USDA Loan Rates, Closing Costs & Stats

PARKERSBURG-VIENNA, WV

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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.

    Parkersburg's 8 lenders originated 16 USDA loans during 2023. The total origination value was $2,330,000, with an average USDA loan value of $145,625.

    Parkersburg USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Parkersburg averaged 6.85% for the week of 2024-04-19, compared to the national average (all USDA variants) of 6.863% for the same period.

    Parkersburg's average USDA mortgage closing costs are $5,263.

    The average rate for the prior week (2024-04-12) was 6.6% and one month ago for the week of 2024-03-15, the average rate was 6.38%.

    The average rate one year ago was 6.22%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.96%.

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

    Parkersburg 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 Parkersburg level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    POLARIS HOME FUNDING CORP. 5 6.48% $8,746
    PRIMELENDING, A PLAINSCAPITAL COMPANY 3 6.92% $6,239
    Flagstar Bank, FSB 3 6.73% $6,932
    The Huntington National Bank 1 6.75% $6,280
    CROSSCOUNTRY MORTGAGE, LLC 1 6.75% $6,498
    WesBanco 1 5.83% $5,041
    Nations Lending Corporation 1 7.25% $3,271
    Peoples Bank 1 6.75% $4,822

    The top Parkersburg USDA lender as defined by loan originations is POLARIS HOME FUNDING CORP., with 5 USDA loans originated. Their average total fees are $8,746, which is $2,507 higher than the next largest lender, PRIMELENDING, A PLAINSCAPITAL COMPANY.

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

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

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Parkersburg (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 $136,700 (7.7%) $188,193 (4.8%) 0.00 281
    2018-02-01 $130,450 (2.7%) $191,111 (5.4%) 0.00 258
    2018-03-01 $129,900 (0.0%) $197,101 (10.2%) 0.00 255
    2018-04-01 $134,000 (3.1%) $206,000 (16.4%) 0.00 268
    2018-05-01 $136,400 (2.2%) $208,144 (21.1%) 0.00 269
    2018-06-01 $145,000 (7.4%) $194,376 (11.4%) 0.00 275
    2018-07-01 $147,000 (5.8%) $190,651 (7.8%) 0.00 293
    2018-08-01 $143,500 (2.7%) $187,137 (-8.7%) 0.00 298
    2018-09-01 $139,900 (-1.8%) $187,922 (-9.3%) 0.00 290
    2018-10-01 $140,175 (3.1%) $207,719 (2.9%) 0.00 290
    2018-11-01 $139,225 (0.3%) $225,997 (9.2%) 0.00 281
    2018-12-01 $135,000 (-0.4%) $229,557 (22.4%) 0.00 281
    2019-01-01 $136,950 (0.2%) $237,107 (26.0%) 0.00 269
    2019-02-01 $135,000 (3.5%) $239,838 (25.5%) 0.00 259
    2019-03-01 $141,121 (8.6%) $223,934 (13.6%) 0.00 240
    2019-04-01 $149,450 (11.5%) $202,464 (-1.7%) 0.00 216
    2019-05-01 $149,950 (9.9%) $194,031 (-6.8%) 0.00 215
    2019-06-01 $150,000 (3.5%) $196,075 (0.9%) 0.00 228
    2019-07-01 $149,950 (2.0%) $192,281 (0.9%) 0.00 270
    2019-08-01 $150,432 (4.8%) $201,286 (7.6%) 0.00 285
    2019-09-01 $154,830 (10.7%) $218,795 (16.4%) 0.00 295
    2019-10-01 $158,600 (13.1%) $213,897 (3.0%) 0.00 302
    2019-11-01 $158,900 (14.1%) $201,398 (-10.9%) 0.00 291
    2019-12-01 $150,000 (11.1%) $196,275 (-14.5%) 0.00 287
    2020-01-01 $155,625 (13.6%) $226,659 (-4.4%) 0.00 276
    2020-02-01 $152,500 (13.0%) $223,356 (-6.9%) 0.00 275
    2020-03-01 $153,250 (8.6%) $222,793 (-0.5%) 0.00 257
    2020-04-01 $154,725 (3.5%) $221,719 (9.5%) 0.00 244
    2020-05-01 $155,750 (3.9%) $222,412 (14.6%) 0.00 226
    2020-06-01 $149,700 (-0.2%) $193,329 (-1.4%) 0.00 208
    2020-07-01 $153,425 (2.3%) $196,152 (2.0%) 0.00 180
    2020-08-01 $164,000 (9.0%) $199,152 (-1.1%) 0.00 172
    2020-09-01 $155,450 (0.4%) $194,549 (-11.1%) 0.00 183
    2020-10-01 $159,900 (0.8%) $202,648 (-5.3%) 0.00 183
    2020-11-01 $159,950 (0.7%) $224,768 (11.6%) 0.00 173
    2020-12-01 $167,100 (11.4%) $229,329 (16.8%) 0.00 166
    2021-01-01 $168,500 (8.3%) $222,759 (-1.7%) 0.00 158
    2021-02-01 $149,375 (-2.1%) $219,325 (-1.8%) 0.00 134
    2021-03-01 $149,000 (-2.8%) $227,436 (2.1%) 0.00 112
    2021-04-01 $151,950 (-1.8%) $228,783 (3.2%) 0.00 103
    2021-05-01 $165,000 (5.9%) $241,655 (8.7%) 0.00 102
    2021-06-01 $171,500 (14.6%) $243,760 (26.1%) 0.00 105
    2021-07-01 $168,000 (9.5%) $318,801 (62.5%) 0.00 136
    2021-08-01 $159,000 (-3.1%) $286,081 (43.7%) 0.00 150
    2021-09-01 $159,675 (2.7%) $298,279 (53.3%) 0.00 148
    2021-10-01 $159,000 (-0.6%) $296,773 (46.5%) 0.00 134
    2021-11-01 $159,000 (-0.6%) $289,009 (28.6%) 0.00 135
    2021-12-01 $154,450 (-7.6%) $282,177 (23.0%) 0.00 124
    2022-01-01 $154,900 (-8.1%) $308,037 (38.3%) 0.00 95
    2022-02-01 $157,400 (5.4%) $348,046 (58.7%) 0.00 73
    2022-03-01 $157,225 (5.5%) $340,794 (49.8%) 0.00 71
    2022-04-01 $169,000 (11.2%) $366,670 (60.3%) 0.00 73
    2022-05-01 $201,225 (22.0%) $313,297 (29.7%) 0.00 88
    2022-06-01 $184,500 (7.6%) $273,467 (12.2%) 0.00 113
    2022-07-01 $185,000 (10.1%) $278,303 (-12.7%) 0.00 124
    2022-08-01 $189,000 (18.9%) $272,709 (-4.7%) 0.00 136
    2022-09-01 $186,000 (16.5%) $260,986 (-12.5%) 0.00 131
    2022-10-01 $185,000 (16.4%) $249,808 (-15.8%) 0.00 136
    2022-11-01 $189,000 (18.9%) $256,239 (-11.3%) 0.00 136
    2022-12-01 $177,000 (14.6%) $248,897 (-11.8%) 0.00 126
    2023-01-01 $164,000 (5.9%) $257,437 (-16.4%) 0.00 108
    2023-02-01 $180,000 (14.4%) $265,171 (-23.8%) 0.00 102
    2023-03-01 $188,725 (20.0%) $257,330 (-24.5%) 0.00 107
    2023-04-01 $195,000 (15.4%) $267,283 (-27.1%) 0.00 104
    2023-05-01 $205,000 (1.9%) $276,928 (-11.6%) 0.00 105
    2023-06-01 $209,475 (13.5%) $280,263 (2.5%) 0.00 113
    2023-07-01 $206,250 (11.5%) $268,525 (-3.5%) 0.00 120
    2023-08-01 $194,250 (2.8%) $252,738 (-7.3%) 0.00 128
    2023-09-01 $189,000 (1.6%) $248,457 (-4.8%) 0.00 125
    2023-10-01 $181,975 (-1.6%) $241,305 (-3.4%) 0.00 135
    2023-11-01 $194,725 (3.0%) $244,018 (-4.8%) 0.00 135
    2023-12-01 $190,000 (7.3%) $226,889 (-8.8%) 0.00 137
    2024-01-01 $202,250 (23.3%) $233,899 (-9.1%) 0.00 128
    2024-02-01 $218,725 (21.5%) $248,572 (-6.3%) 0.00 110
    2024-03-01 $225,000 (19.2%) $271,610 (5.6%) 0.00 124
    Parkersburg's median listing price for 2024-03-01 was $225,000, a difference of $36,275 (19.2%) versus the prior year and $6,275 versus the prior month.

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

    Parkersburg's average listing price for 2024-03-01 was $271,610, a difference of $14,280 (5.6%) versus the prior year and $23,038 versus the prior month.

    For the 2024-03-01 period, Parkersburg had 124 MLS listings, a difference of 14 listings (13%) versus the prior month and 17 listings (16%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Parkersburg (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,595 sqft
    2018-02-01 0 days 1,594 sqft
    2018-03-01 0 days 1,566 sqft
    2018-04-01 0 days 1,629 sqft
    2018-05-01 0 days 1,603 sqft
    2018-06-01 0 days 1,668 sqft
    2018-07-01 0 days 1,859 sqft
    2018-08-01 0 days 1,823 sqft
    2018-09-01 0 days 1,840 sqft
    2018-10-01 0 days 1,850 sqft
    2018-11-01 0 days 1,859 sqft
    2018-12-01 0 days 1,815 sqft
    2019-01-01 0 days 1,859 sqft
    2019-02-01 0 days 1,880 sqft
    2019-03-01 0 days 1,905 sqft
    2019-04-01 0 days 1,928 sqft
    2019-05-01 0 days 1,694 sqft
    2019-06-01 0 days 1,748 sqft
    2019-07-01 0 days 1,751 sqft
    2019-08-01 0 days 1,782 sqft
    2019-09-01 0 days 1,801 sqft
    2019-10-01 0 days 1,813 sqft
    2019-11-01 0 days 1,800 sqft
    2019-12-01 0 days 1,808 sqft
    2020-01-01 0 days 1,798 sqft
    2020-02-01 0 days 1,829 sqft
    2020-03-01 0 days 1,836 sqft
    2020-04-01 0 days 1,855 sqft
    2020-05-01 0 days 1,833 sqft
    2020-06-01 0 days 1,832 sqft
    2020-07-01 0 days 1,828 sqft
    2020-08-01 0 days 1,840 sqft
    2020-09-01 0 days 1,773 sqft
    2020-10-01 0 days 1,828 sqft
    2020-11-01 0 days 1,843 sqft
    2020-12-01 0 days 1,890 sqft
    2021-01-01 0 days 1,844 sqft
    2021-02-01 0 days 1,698 sqft
    2021-03-01 0 days 1,716 sqft
    2021-04-01 0 days 1,770 sqft
    2021-05-01 0 days 1,808 sqft
    2021-06-01 0 days 1,893 sqft
    2021-07-01 0 days 1,774 sqft
    2021-08-01 0 days 1,719 sqft
    2021-09-01 0 days 1,818 sqft
    2021-10-01 0 days 1,773 sqft
    2021-11-01 0 days 1,794 sqft
    2021-12-01 0 days 1,749 sqft
    2022-01-01 0 days 1,698 sqft
    2022-02-01 0 days 1,655 sqft
    2022-03-01 0 days 1,816 sqft
    2022-04-01 0 days 1,826 sqft
    2022-05-01 0 days 1,839 sqft
    2022-06-01 0 days 1,834 sqft
    2022-07-01 0 days 1,843 sqft
    2022-08-01 0 days 1,917 sqft
    2022-09-01 0 days 1,908 sqft
    2022-10-01 0 days 1,858 sqft
    2022-11-01 0 days 2,003 sqft
    2022-12-01 0 days 1,904 sqft
    2023-01-01 0 days 1,804 sqft
    2023-02-01 0 days 1,748 sqft
    2023-03-01 0 days 1,826 sqft
    2023-04-01 0 days 1,840 sqft
    2023-05-01 0 days 1,839 sqft
    2023-06-01 0 days 1,884 sqft
    2023-07-01 0 days 1,856 sqft
    2023-08-01 0 days 1,853 sqft
    2023-09-01 0 days 1,792 sqft
    2023-10-01 0 days 1,642 sqft
    2023-11-01 0 days 1,825 sqft
    2023-12-01 0 days 1,844 sqft
    2024-01-01 0 days 1,911 sqft
    2024-02-01 0 days 2,057 sqft
    2024-03-01 0 days 2,205 sqft
    Parkersburg's median listing age (time on market) for 2024-03-01 was 0 days.

    Parkersburg's median square footage for active listings during the 2024-03-01 period was 2,205 sqft. One year prior, the average listing was 1,826 sqft.