Staunton USDA Loan Rates, Closing Costs & Stats

STAUNTON, VA

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 6.59% for the week of 2024-06-07, compared to the national average (all USDA variants) of 6.699% for the same period.

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

The average rate for the prior week (2024-05-31) was 6.87% and one month ago for the week of 2024-05-03, the average rate was 6.77%.

The average rate one year ago was 6.87%.

For refis of the same type during the week of 2024-06-07, the average rate was 6.98%.

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
2024-04-01 $384,450 (4.0%) $471,624 (4.6%) 0.00 192
2024-05-01 $404,950 (8.0%) $505,993 (10.2%) 0.00 207
Staunton's median listing price for 2024-05-01 was $404,950, a difference of $30,000 (8.0%) versus the prior year and $20,500 versus the prior month.

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

Staunton's average listing price for 2024-05-01 was $505,993, a difference of $46,639 (10.2%) versus the prior year and $34,369 versus the prior month.

For the 2024-05-01 period, Staunton had 207 MLS listings, a difference of 15 listings (8%) versus the prior month and 48 listings (30%) 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
2024-04-01 0 days 1,948 sqft
2024-05-01 0 days 2,000 sqft
Staunton's median listing age (time on market) for 2024-05-01 was 0 days.

Staunton's median square footage for active listings during the 2024-05-01 period was 2,000 sqft. One year prior, the average listing was 1,966 sqft.