Point Pleasant USDA Loan Rates, Closing Costs & Stats

Point Pleasant, WV-OH

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.

Point Pleasant's 13 lenders originated 20 USDA loans during 2022. The total origination value was $2,030,000, with an average USDA loan value of $101,500.

Point Pleasant USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Point Pleasant averaged 6.62% for the week of 2024-03-22, compared to the national average (all USDA variants) of 6.674% for the same period.

Point Pleasant's average USDA mortgage closing costs are $4,539.

The average rate for the prior week (2024-03-15) was 6.25% and one month ago for the week of 2024-02-16, the average rate was 6.33%.

The average rate one year ago was 6.42%.

For refis of the same type during the week of 2024-03-22, the average rate was 6.47%.

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

Point Pleasant 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 Point Pleasant level.

Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
Gateway First Bank 3 5.08% $4,223
PRIMELENDING, A PLAINSCAPITAL COMPANY 3 5.38% $5,967
Victorian Finance, LLC 3 5.25% $4,636
LOANDEPOT.COM, LLC 1 6.25% $5,300
MID AMERICA MORTGAGE, INC. 1 5.25% $7,102
DAS Acquisition Company, LLC 1 5.75% $7,665
PRIORITY MORTGAGE CORP. 1 3.25% $5,013
STOCKTON MORTGAGE CORPORATION 1 5.63% $4,094
UNION HOME MORTGAGE CORP. 1 4.25% $3,030
U.S. Bank 1 3.25% $3,246
MOVEMENT MORTGAGE, LLC 1 5.75% $5,457
Equity Prime Mortgage LLC 1 5.63% $2,832
Hometown Lenders, Inc. 1 5.63% $5,314

The top Point Pleasant USDA lender as defined by loan originations is Gateway First Bank, with 3 USDA loans originated. Their average total fees are $4,223, which is $1,744 lower than the next largest lender, PRIMELENDING, A PLAINSCAPITAL COMPANY.

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

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


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Point Pleasant (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 $119,625 (4.1%) $164,910 (5.1%) 0.00 186
2018-02-01 $124,950 (8.5%) $170,211 (7.9%) 0.00 187
2018-03-01 $124,900 (7.3%) $161,456 (7.4%) 0.00 190
2018-04-01 $122,250 (5.0%) $157,200 (5.9%) 0.00 199
2018-05-01 $122,400 (5.1%) $167,921 (11.6%) 0.00 205
2018-06-01 $125,580 (3.4%) $172,292 (14.7%) 0.00 218
2018-07-01 $129,500 (9.8%) $180,636 (21.3%) 0.00 219
2018-08-01 $129,900 (18.1%) $182,377 (28.3%) 0.00 221
2018-09-01 $128,000 (11.3%) $182,358 (24.7%) 0.00 220
2018-10-01 $123,475 (4.6%) $177,240 (19.0%) 0.00 215
2018-11-01 $122,225 (3.0%) $178,350 (16.6%) 0.00 206
2018-12-01 $125,000 (5.0%) $176,211 (13.3%) 0.00 191
2019-01-01 $125,000 (4.5%) $176,456 (7.0%) 0.00 171
2019-02-01 $127,000 (1.6%) $172,668 (1.4%) 0.00 173
2019-03-01 $127,264 (1.9%) $177,500 (9.9%) 0.00 181
2019-04-01 $125,889 (3.0%) $182,582 (16.2%) 0.00 184
2019-05-01 $129,650 (5.9%) $182,212 (8.5%) 0.00 180
2019-06-01 $129,900 (3.4%) $184,046 (6.8%) 0.00 178
2019-07-01 $129,900 (0.3%) $185,977 (3.0%) 0.00 171
2019-08-01 $128,482 (-1.1%) $181,779 (-0.3%) 0.00 172
2019-09-01 $126,355 (-1.3%) $169,347 (-7.1%) 0.00 166
2019-10-01 $124,936 (1.2%) $168,165 (-5.1%) 0.00 160
2019-11-01 $119,900 (-1.9%) $171,308 (-4.0%) 0.00 160
2019-12-01 $119,900 (-4.1%) $158,529 (-10.0%) 0.00 156
2020-01-01 $122,200 (-2.2%) $167,343 (-5.2%) 0.00 144
2020-02-01 $119,900 (-5.6%) $164,031 (-5.0%) 0.00 149
2020-03-01 $118,750 (-6.7%) $159,456 (-10.2%) 0.00 149
2020-04-01 $119,000 (-5.5%) $164,054 (-10.2%) 0.00 147
2020-05-01 $124,900 (-3.7%) $172,151 (-5.5%) 0.00 131
2020-06-01 $129,900 (0.0%) $181,893 (-1.2%) 0.00 130
2020-07-01 $126,825 (-2.4%) $179,646 (-3.4%) 0.00 140
2020-08-01 $129,000 (0.4%) $184,998 (1.8%) 0.00 125
2020-09-01 $124,200 (-1.7%) $184,466 (8.9%) 0.00 103
2020-10-01 $124,950 (0.0%) $191,731 (14.0%) 0.00 100
2020-11-01 $125,925 (5.0%) $191,011 (11.5%) 0.00 89
2020-12-01 $124,900 (4.2%) $194,003 (22.4%) 0.00 89
2021-01-01 $117,000 (-4.3%) $167,306 (0.0%) 0.00 80
2021-02-01 $126,900 (5.8%) $186,422 (13.7%) 0.00 62
2021-03-01 $127,725 (7.6%) $188,608 (18.3%) 0.00 66
2021-04-01 $129,450 (8.8%) $187,019 (14.0%) 0.00 66
2021-05-01 $129,450 (3.6%) $210,341 (22.2%) 0.00 61
2021-06-01 $149,925 (15.4%) $236,977 (30.3%) 0.00 62
2021-07-01 $164,450 (29.7%) $304,810 (69.7%) 0.00 61
2021-08-01 $152,963 (18.6%) $270,125 (46.0%) 0.00 59
2021-09-01 $147,900 (19.1%) $233,548 (26.6%) 0.00 60
2021-10-01 $156,975 (25.6%) $235,872 (23.0%) 0.00 67
2021-11-01 $171,975 (36.6%) $256,440 (34.3%) 0.00 73
2021-12-01 $154,200 (23.5%) $248,582 (28.1%) 0.00 70
2022-01-01 $139,900 (19.6%) $247,218 (47.8%) 0.00 65
2022-02-01 $154,000 (21.4%) $265,703 (42.5%) 0.00 62
2022-03-01 $149,925 (17.4%) $299,501 (58.8%) 0.00 48
2022-04-01 $175,950 (35.9%) $317,172 (69.6%) 0.00 43
2022-05-01 $212,400 (64.1%) $334,828 (59.2%) 0.00 46
2022-06-01 $197,000 (31.4%) $310,492 (31.0%) 0.00 59
2022-07-01 $189,900 (15.5%) $294,381 (-3.4%) 0.00 77
2022-08-01 $185,925 (21.6%) $284,229 (5.2%) 0.00 85
2022-09-01 $168,225 (13.7%) $267,622 (14.6%) 0.00 78
2022-10-01 $159,900 (1.9%) $250,834 (6.3%) 0.00 76
2022-11-01 $168,475 (-2.0%) $260,608 (1.6%) 0.00 80
2022-12-01 $182,450 (18.3%) $275,326 (10.8%) 0.00 77
2023-01-01 $181,725 (29.9%) $275,555 (11.5%) 0.00 68
2023-02-01 $191,725 (24.5%) $275,859 (3.8%) 0.00 63
2023-03-01 $214,200 (42.9%) $289,655 (-3.3%) 0.00 65
2023-04-01 $219,850 (25.0%) $298,988 (-5.7%) 0.00 51
2023-05-01 $229,900 (8.2%) $315,369 (-5.8%) 0.00 55
2023-06-01 $224,875 (14.2%) $306,096 (-1.4%) 0.00 61
2023-07-01 $249,000 (31.1%) $305,752 (3.9%) 0.00 61
2023-08-01 $229,283 (23.3%) $283,654 (-0.2%) 0.00 76
2023-09-01 $239,450 (42.3%) $283,886 (6.1%) 0.00 70
2023-10-01 $233,175 (45.8%) $285,231 (13.7%) 0.00 69
2023-11-01 $219,875 (30.5%) $324,106 (24.4%) 0.00 61
2023-12-01 $216,650 (18.7%) $277,956 (1.0%) 0.00 64
2024-01-01 $219,900 (21.0%) $290,041 (5.3%) 0.00 51
2024-02-01 $219,950 (14.7%) $248,748 (-9.8%) 0.00 52
Point Pleasant's median listing price for 2024-02-01 was $219,950, a difference of $28,225 (14.7%) versus the prior year and $50 versus the prior month.

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

Point Pleasant's average listing price for 2024-02-01 was $248,748, a difference of $-27,111 (-9.8%) versus the prior year and $-41,293 versus the prior month.

For the 2024-02-01 period, Point Pleasant had 52 MLS listings, a difference of 1 listings (2%) versus the prior month and -11 listings (-17%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Point Pleasant (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,708 sqft
2018-02-01 0 days 1,769 sqft
2018-03-01 0 days 1,703 sqft
2018-04-01 0 days 1,656 sqft
2018-05-01 0 days 1,634 sqft
2018-06-01 0 days 1,664 sqft
2018-07-01 0 days 1,679 sqft
2018-08-01 0 days 1,661 sqft
2018-09-01 0 days 1,623 sqft
2018-10-01 0 days 1,564 sqft
2018-11-01 0 days 1,567 sqft
2018-12-01 0 days 1,578 sqft
2019-01-01 0 days 1,620 sqft
2019-02-01 0 days 1,600 sqft
2019-03-01 0 days 1,594 sqft
2019-04-01 0 days 1,592 sqft
2019-05-01 0 days 1,594 sqft
2019-06-01 0 days 1,668 sqft
2019-07-01 0 days 1,680 sqft
2019-08-01 0 days 1,684 sqft
2019-09-01 0 days 1,682 sqft
2019-10-01 0 days 1,680 sqft
2019-11-01 0 days 1,630 sqft
2019-12-01 0 days 1,599 sqft
2020-01-01 0 days 1,600 sqft
2020-02-01 0 days 1,630 sqft
2020-03-01 0 days 1,557 sqft
2020-04-01 0 days 1,594 sqft
2020-05-01 0 days 1,640 sqft
2020-06-01 0 days 1,735 sqft
2020-07-01 0 days 1,663 sqft
2020-08-01 0 days 1,693 sqft
2020-09-01 0 days 1,631 sqft
2020-10-01 0 days 1,638 sqft
2020-11-01 0 days 1,606 sqft
2020-12-01 0 days 1,596 sqft
2021-01-01 0 days 1,543 sqft
2021-02-01 0 days 1,466 sqft
2021-03-01 0 days 1,480 sqft
2021-04-01 0 days 1,610 sqft
2021-05-01 0 days 1,648 sqft
2021-06-01 0 days 1,721 sqft
2021-07-01 0 days 1,705 sqft
2021-08-01 0 days 1,677 sqft
2021-09-01 0 days 1,788 sqft
2021-10-01 0 days 1,807 sqft
2021-11-01 0 days 1,826 sqft
2021-12-01 0 days 1,770 sqft
2022-01-01 0 days 1,747 sqft
2022-02-01 0 days 1,831 sqft
2022-03-01 0 days 1,672 sqft
2022-04-01 0 days 1,800 sqft
2022-05-01 0 days 1,855 sqft
2022-06-01 0 days 1,844 sqft
2022-07-01 0 days 1,888 sqft
2022-08-01 0 days 1,838 sqft
2022-09-01 0 days 1,790 sqft
2022-10-01 0 days 1,822 sqft
2022-11-01 0 days 1,772 sqft
2022-12-01 0 days 1,826 sqft
2023-01-01 0 days 1,920 sqft
2023-02-01 0 days 1,926 sqft
2023-03-01 0 days 1,821 sqft
2023-04-01 0 days 1,992 sqft
2023-05-01 0 days 1,972 sqft
2023-06-01 0 days 1,998 sqft
2023-07-01 0 days 2,022 sqft
2023-08-01 0 days 1,822 sqft
2023-09-01 0 days 1,758 sqft
2023-10-01 0 days 1,689 sqft
2023-11-01 0 days 1,712 sqft
2023-12-01 0 days 1,728 sqft
2024-01-01 0 days 1,680 sqft
2024-02-01 0 days 1,690 sqft
Point Pleasant's median listing age (time on market) for 2024-02-01 was 0 days.

Point Pleasant's median square footage for active listings during the 2024-02-01 period was 1,690 sqft. One year prior, the average listing was 1,926 sqft.