Staunton USDA Loan Rates, Closing Costs & Stats

STAUNTON, VA

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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.

    Staunton's 11 lenders originated 35 USDA loans during 2023. The total origination value was $7,555,000, with an average USDA loan value of $215,857.

    Staunton USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Staunton averaged 6.66% for the week of 2024-04-19, compared to the national average (all USDA variants) of 6.863% for the same period.

    Staunton's average USDA mortgage closing costs are $4,829.

    The average rate for the prior week (2024-04-12) was 6.91% and one month ago for the week of 2024-03-15, the average rate was 6.79%.

    The average rate one year ago was 6.33%.

    For refis of the same type during the week of 2024-04-19, the average rate was 7.04%.

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

    Staunton 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 Staunton level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Alcova Mortgage LLC 11 6.85% $5,016
    C & F Mortgage Corporation 7 7.11% $6,201
    George Mason Mortgage, LLC 3 6.04% $7,317
    DUPONT COMMUNITY 3 6.96% $6,494
    Waterstone Mortgage Corporation 2 6.06% $11,179
    UNION HOME MORTGAGE CORP. 2 6.13% $7,046
    UNITED WHOLESALE MORTGAGE, LLC 2 7.09% $7,691
    GUARANTY HOME MORTGAGE CORPORATION 1 6.00% $8,998
    ACADEMY MORTGAGE CORPORATION 1 6.63% $8,561
    Atlantic Coast Mortgage, LLC 1 7.49% $7,644
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 1 6.75% $7,416

    The top Staunton USDA lender as defined by loan originations is Alcova Mortgage LLC, with 11 USDA loans originated. Their average total fees are $5,016, which is $1,185 lower than the next largest lender, C & F Mortgage Corporation.

    The lowest fee Staunton USDA lenders (with over 10 loans originated) are Alcova Mortgage LLC ($5,016), .

    The lowest rate Staunton USDA lenders (with over 10 loans originated) are Alcova Mortgage LLC (6.85%), .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Staunton (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 $230,450 (7.5%) $296,335 (11.4%) 0.00 478
    2018-02-01 $231,050 (5.5%) $301,950 (12.1%) 0.00 458
    2018-03-01 $234,900 (6.3%) $307,715 (14.5%) 0.00 445
    2018-04-01 $233,950 (1.8%) $308,724 (11.4%) 0.00 447
    2018-05-01 $239,900 (2.1%) $311,654 (11.3%) 0.00 476
    2018-06-01 $239,900 (2.1%) $321,024 (13.7%) 0.00 487
    2018-07-01 $247,500 (5.4%) $333,481 (17.3%) 0.00 468
    2018-08-01 $249,900 (6.4%) $332,085 (18.1%) 0.00 477
    2018-09-01 $249,900 (8.7%) $331,836 (17.8%) 0.00 473
    2018-10-01 $250,000 (6.4%) $334,131 (14.6%) 0.00 452
    2018-11-01 $249,900 (6.3%) $334,827 (15.0%) 0.00 420
    2018-12-01 $240,000 (3.0%) $326,868 (13.4%) 0.00 396
    2019-01-01 $242,500 (5.2%) $330,794 (11.6%) 0.00 376
    2019-02-01 $247,000 (6.9%) $329,170 (9.0%) 0.00 350
    2019-03-01 $261,764 (11.4%) $345,644 (12.3%) 0.00 353
    2019-04-01 $282,475 (20.7%) $355,020 (15.0%) 0.00 383
    2019-05-01 $292,400 (21.9%) $351,225 (12.7%) 0.00 408
    2019-06-01 $274,000 (14.2%) $336,731 (4.9%) 0.00 436
    2019-07-01 $260,684 (5.3%) $331,977 (-0.5%) 0.00 435
    2019-08-01 $261,705 (4.7%) $324,285 (-2.4%) 0.00 435
    2019-09-01 $264,261 (5.8%) $319,782 (-3.6%) 0.00 431
    2019-10-01 $265,313 (6.1%) $316,049 (-5.4%) 0.00 414
    2019-11-01 $269,900 (8.0%) $311,077 (-7.1%) 0.00 377
    2019-12-01 $271,195 (13.0%) $319,662 (-2.2%) 0.00 362
    2020-01-01 $280,700 (15.8%) $329,241 (-0.5%) 0.00 321
    2020-02-01 $281,450 (14.0%) $336,011 (2.1%) 0.00 299
    2020-03-01 $285,000 (8.9%) $337,233 (-2.4%) 0.00 290
    2020-04-01 $287,250 (1.7%) $345,415 (-2.7%) 0.00 293
    2020-05-01 $288,250 (-1.4%) $351,996 (0.2%) 0.00 264
    2020-06-01 $311,175 (13.6%) $359,446 (6.8%) 0.00 225
    2020-07-01 $317,450 (21.8%) $365,774 (10.2%) 0.00 221
    2020-08-01 $303,800 (16.1%) $367,905 (13.5%) 0.00 199
    2020-09-01 $304,475 (15.2%) $372,896 (16.6%) 0.00 218
    2020-10-01 $294,500 (11.0%) $358,326 (13.4%) 0.00 215
    2020-11-01 $289,950 (7.4%) $355,605 (14.3%) 0.00 206
    2020-12-01 $286,150 (5.5%) $356,282 (11.5%) 0.00 180
    2021-01-01 $289,000 (3.0%) $350,903 (6.6%) 0.00 174
    2021-02-01 $283,974 (0.9%) $358,430 (6.7%) 0.00 142
    2021-03-01 $287,100 (0.7%) $356,095 (5.6%) 0.00 124
    2021-04-01 $287,100 (-0.1%) $362,708 (5.0%) 0.00 116
    2021-05-01 $277,000 (-3.9%) $378,156 (7.4%) 0.00 128
    2021-06-01 $327,225 (5.2%) $410,031 (14.1%) 0.00 128
    2021-07-01 $314,900 (-0.8%) $493,700 (35.0%) 0.00 164
    2021-08-01 $283,098 (-6.8%) $482,454 (31.1%) 0.00 176
    2021-09-01 $288,675 (-5.2%) $495,019 (32.8%) 0.00 178
    2021-10-01 $299,950 (1.9%) $502,176 (40.1%) 0.00 190
    2021-11-01 $299,450 (3.3%) $500,731 (40.8%) 0.00 180
    2021-12-01 $300,475 (5.0%) $526,536 (47.8%) 0.00 160
    2022-01-01 $309,900 (7.2%) $547,730 (56.1%) 0.00 136
    2022-02-01 $321,495 (13.2%) $600,267 (67.5%) 0.00 121
    2022-03-01 $328,424 (14.4%) $562,213 (57.9%) 0.00 120
    2022-04-01 $319,000 (11.1%) $525,574 (44.9%) 0.00 138
    2022-05-01 $336,150 (21.4%) $445,503 (17.8%) 0.00 151
    2022-06-01 $349,950 (6.9%) $463,751 (13.1%) 0.00 180
    2022-07-01 $349,450 (11.0%) $477,829 (-3.2%) 0.00 183
    2022-08-01 $359,000 (26.8%) $477,422 (-1.0%) 0.00 175
    2022-09-01 $364,200 (26.2%) $452,869 (-8.5%) 0.00 181
    2022-10-01 $367,800 (22.6%) $455,772 (-9.2%) 0.00 196
    2022-11-01 $369,700 (23.5%) $453,595 (-9.4%) 0.00 200
    2022-12-01 $368,400 (22.6%) $452,705 (-14.0%) 0.00 198
    2023-01-01 $368,625 (19.0%) $432,368 (-21.1%) 0.00 182
    2023-02-01 $363,175 (13.0%) $423,778 (-29.4%) 0.00 158
    2023-03-01 $367,000 (11.8%) $436,802 (-22.3%) 0.00 161
    2023-04-01 $369,850 (15.9%) $450,917 (-14.2%) 0.00 142
    2023-05-01 $374,950 (11.5%) $459,354 (3.1%) 0.00 159
    2023-06-01 $374,950 (7.1%) $477,205 (2.9%) 0.00 169
    2023-07-01 $364,900 (4.4%) $442,783 (-7.3%) 0.00 186
    2023-08-01 $364,900 (1.6%) $434,062 (-9.1%) 0.00 207
    2023-09-01 $364,900 (0.2%) $431,559 (-4.7%) 0.00 212
    2023-10-01 $349,450 (-5.0%) $415,341 (-8.9%) 0.00 239
    2023-11-01 $344,900 (-6.7%) $410,857 (-9.4%) 0.00 242
    2023-12-01 $350,000 (-5.0%) $397,833 (-12.1%) 0.00 216
    2024-01-01 $359,988 (-2.3%) $418,910 (-3.1%) 0.00 188
    2024-02-01 $363,450 (0.1%) $420,573 (-0.8%) 0.00 186
    2024-03-01 $375,000 (2.2%) $453,364 (3.8%) 0.00 173
    Staunton's median listing price for 2024-03-01 was $375,000, a difference of $8,000 (2.2%) versus the prior year and $11,550 versus the prior month.

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

    Staunton's average listing price for 2024-03-01 was $453,364, a difference of $16,562 (3.8%) versus the prior year and $32,791 versus the prior month.

    For the 2024-03-01 period, Staunton had 173 MLS listings, a difference of -13 listings (-7%) versus the prior month and 12 listings (7%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Staunton (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,997 sqft
    2018-02-01 0 days 1,997 sqft
    2018-03-01 0 days 2,013 sqft
    2018-04-01 0 days 1,999 sqft
    2018-05-01 0 days 2,003 sqft
    2018-06-01 0 days 2,010 sqft
    2018-07-01 0 days 2,028 sqft
    2018-08-01 0 days 2,095 sqft
    2018-09-01 0 days 2,126 sqft
    2018-10-01 0 days 2,115 sqft
    2018-11-01 0 days 2,086 sqft
    2018-12-01 0 days 2,000 sqft
    2019-01-01 0 days 2,000 sqft
    2019-02-01 0 days 1,968 sqft
    2019-03-01 0 days 2,014 sqft
    2019-04-01 0 days 2,103 sqft
    2019-05-01 0 days 2,173 sqft
    2019-06-01 0 days 2,100 sqft
    2019-07-01 0 days 2,053 sqft
    2019-08-01 0 days 2,013 sqft
    2019-09-01 0 days 2,006 sqft
    2019-10-01 0 days 2,000 sqft
    2019-11-01 0 days 2,000 sqft
    2019-12-01 0 days 2,000 sqft
    2020-01-01 0 days 2,000 sqft
    2020-02-01 0 days 2,078 sqft
    2020-03-01 0 days 2,043 sqft
    2020-04-01 0 days 2,085 sqft
    2020-05-01 0 days 2,104 sqft
    2020-06-01 0 days 2,152 sqft
    2020-07-01 0 days 2,200 sqft
    2020-08-01 0 days 2,112 sqft
    2020-09-01 0 days 2,062 sqft
    2020-10-01 0 days 2,038 sqft
    2020-11-01 0 days 2,048 sqft
    2020-12-01 0 days 2,019 sqft
    2021-01-01 0 days 1,925 sqft
    2021-02-01 0 days 1,936 sqft
    2021-03-01 0 days 1,950 sqft
    2021-04-01 0 days 1,936 sqft
    2021-05-01 0 days 2,008 sqft
    2021-06-01 0 days 2,038 sqft
    2021-07-01 0 days 2,018 sqft
    2021-08-01 0 days 1,860 sqft
    2021-09-01 0 days 1,865 sqft
    2021-10-01 0 days 1,999 sqft
    2021-11-01 0 days 1,910 sqft
    2021-12-01 0 days 1,885 sqft
    2022-01-01 0 days 1,854 sqft
    2022-02-01 0 days 1,910 sqft
    2022-03-01 0 days 1,911 sqft
    2022-04-01 0 days 1,775 sqft
    2022-05-01 0 days 1,938 sqft
    2022-06-01 0 days 1,962 sqft
    2022-07-01 0 days 1,984 sqft
    2022-08-01 0 days 1,977 sqft
    2022-09-01 0 days 1,984 sqft
    2022-10-01 0 days 1,975 sqft
    2022-11-01 0 days 1,993 sqft
    2022-12-01 0 days 2,004 sqft
    2023-01-01 0 days 1,970 sqft
    2023-02-01 0 days 1,934 sqft
    2023-03-01 0 days 1,952 sqft
    2023-04-01 0 days 1,962 sqft
    2023-05-01 0 days 1,966 sqft
    2023-06-01 0 days 1,987 sqft
    2023-07-01 0 days 1,925 sqft
    2023-08-01 0 days 1,960 sqft
    2023-09-01 0 days 1,890 sqft
    2023-10-01 0 days 1,854 sqft
    2023-11-01 0 days 1,847 sqft
    2023-12-01 0 days 1,842 sqft
    2024-01-01 0 days 1,866 sqft
    2024-02-01 0 days 1,898 sqft
    2024-03-01 0 days 1,950 sqft
    Staunton's median listing age (time on market) for 2024-03-01 was 0 days.

    Staunton's median square footage for active listings during the 2024-03-01 period was 1,950 sqft. One year prior, the average listing was 1,952 sqft.