Staunton USDA Loans
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 23 lenders originated 148 USDA loans during 2021. The total origination value was $31,530,000, with an average USDA loan value of $213,041.
Staunton USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Staunton
averaged
5.14%
for the week of 2022-05-13, compared to the national average (all USDA variants) of
5.294% for the same period.
The average rate for the prior week (2022-05-06) was
5.27% and
one month ago for the week of 2022-04-08, the
average rate was 4.94%.
The average rate one year ago was 3.35%.
For refis of the same type during the week of 2022-05-13, the average rate
was 5.22%.
Staunton USDA Loan Lenders by Rates & Fees
The below table looks at the average fees and rates for USDA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Staunton level.
The top Staunton USDA lender as defined by loan originations is Alcova Mortgage LLC, with
60 USDA loans originated. Their average total fees are
$3,790, which is $1,624
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 ($3,790), MOVEMENT MORTGAGE, LLC ($5,009), DUPONT COMMUNITY ($5,183), C & F Mortgage Corporation ($5,414) and .
The lowest rate Staunton USDA lenders (with over 10 loans originated) are
C & F Mortgage Corporation (2.90%), MOVEMENT MORTGAGE, LLC (2.94%), Alcova Mortgage LLC (3.06%), DUPONT COMMUNITY (3.18%) and .
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Staunton (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $229,900 (8.2%) | $298,127 (10.4%) | 0.00 | 478 |
2018-02-01 | $229,900 (5.8%) | $300,386 (10.6%) | 0.00 | 463 |
2018-03-01 | $229,900 (4.5%) | $300,738 (11.2%) | 0.00 | 449 |
2018-04-01 | $232,000 (2.0%) | $308,403 (10.5%) | 0.00 | 443 |
2018-05-01 | $239,800 (2.1%) | $309,399 (10.7%) | 0.00 | 469 |
2018-06-01 | $239,000 (1.7%) | $313,628 (11.2%) | 0.00 | 475 |
2018-07-01 | $242,500 (3.2%) | $326,842 (15.6%) | 0.00 | 464 |
2018-08-01 | $249,450 (6.3%) | $326,369 (17.4%) | 0.00 | 469 |
2018-09-01 | $249,000 (8.3%) | $323,457 (15.1%) | 0.00 | 466 |
2018-10-01 | $249,900 (6.4%) | $327,839 (12.9%) | 0.00 | 448 |
2018-11-01 | $249,900 (8.7%) | $328,878 (14.2%) | 0.00 | 417 |
2018-12-01 | $240,000 (4.4%) | $321,595 (11.8%) | 0.00 | 391 |
2019-01-01 | $239,950 (4.4%) | $325,673 (9.2%) | 0.00 | 372 |
2019-02-01 | $241,250 (4.9%) | $326,451 (8.7%) | 0.00 | 351 |
2019-03-01 | $258,523 (12.5%) | $339,961 (13.0%) | 0.00 | 352 |
2019-04-01 | $272,450 (17.4%) | $345,037 (11.9%) | 0.00 | 386 |
2019-05-01 | $289,450 (20.7%) | $342,919 (10.8%) | 0.00 | 413 |
2019-06-01 | $267,900 (12.1%) | $325,052 (3.6%) | 0.00 | 427 |
2019-07-01 | $258,950 (6.8%) | $322,405 (-1.4%) | 0.00 | 436 |
2019-08-01 | $260,943 (4.6%) | $314,422 (-3.7%) | 0.00 | 427 |
2019-09-01 | $261,993 (5.2%) | $308,935 (-4.5%) | 0.00 | 416 |
2019-10-01 | $265,000 (6.0%) | $313,018 (-4.5%) | 0.00 | 415 |
2019-11-01 | $269,900 (8.0%) | $308,400 (-6.2%) | 0.00 | 378 |
2019-12-01 | $269,495 (12.3%) | $314,411 (-2.2%) | 0.00 | 357 |
2020-01-01 | $280,950 (17.1%) | $326,461 (0.2%) | 0.00 | 318 |
2020-02-01 | $279,900 (16.0%) | $341,880 (4.7%) | 0.00 | 297 |
2020-03-01 | $289,900 (12.1%) | $349,032 (2.7%) | 0.00 | 289 |
2020-04-01 | $285,000 (4.6%) | $348,079 (0.9%) | 0.00 | 505 |
2020-05-01 | $287,500 (-0.7%) | $354,929 (3.5%) | 0.00 | 453 |
2020-06-01 | $305,500 (14.0%) | $351,754 (8.2%) | 0.00 | 377 |
2020-07-01 | $322,400 (24.5%) | $364,338 (13.0%) | 0.00 | 368 |
2020-08-01 | $324,900 (24.5%) | $367,926 (17.0%) | 0.00 | 341 |
2020-09-01 | $326,950 (24.8%) | $387,509 (25.4%) | 0.00 | 378 |
2020-10-01 | $310,000 (17.0%) | $371,231 (18.6%) | 0.00 | 392 |
2020-11-01 | $294,500 (9.1%) | $362,103 (17.4%) | 0.00 | 357 |
2020-12-01 | $290,000 (7.6%) | $364,418 (15.9%) | 0.00 | 313 |
2021-01-01 | $279,900 (-0.4%) | $356,623 (9.2%) | 0.00 | 295 |
2021-02-01 | $284,498 (1.6%) | $363,983 (6.5%) | 0.00 | 245 |
2021-03-01 | $285,600 (-1.5%) | $361,422 (3.6%) | 0.00 | 218 |
2021-04-01 | $282,450 (-0.9%) | $361,228 (3.8%) | 0.00 | 202 |
2021-05-01 | $270,000 (-6.1%) | $351,973 (-0.8%) | 0.00 | 226 |
2021-06-01 | $310,000 (1.5%) | $391,067 (11.2%) | 0.00 | 219 |
2021-07-01 | $307,500 (-4.6%) | $395,143 (8.5%) | 0.00 | 287 |
2021-08-01 | $274,450 (-15.5%) | $425,965 (15.8%) | 0.00 | 308 |
2021-09-01 | $279,900 (-14.4%) | $427,934 (10.4%) | 0.00 | 309 |
2021-10-01 | $299,900 (-3.3%) | $451,073 (21.5%) | 0.00 | 314 |
2021-11-01 | $299,950 (1.9%) | $448,973 (24.0%) | 0.00 | 315 |
2021-12-01 | $309,000 (6.6%) | $463,105 (27.1%) | 0.00 | 277 |
2022-01-01 | $309,900 (10.7%) | $473,484 (32.8%) | 0.00 | 238 |
2022-02-01 | $322,450 (13.3%) | $502,813 (38.1%) | 0.00 | 218 |
2022-03-01 | $325,950 (14.1%) | $486,015 (34.5%) | 0.00 | 210 |
2022-04-01 | $312,500 (10.6%) | $457,679 (26.7%) | 0.00 | 232 |
Staunton's median listing price comes in at 0% of the national average.
Staunton's average listing price for 2022-04-01 was $457,679, a difference of $96,451 (26.7%) versus the prior year and $-28,336 versus the prior month.
For the 2022-04-01 period, Staunton had 232 MLS listings, a difference of 22 listings (10%) versus the prior month and 30 listings (15%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Staunton (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,998 sqft |
2018-02-01 | 0 days | 1,963 sqft |
2018-03-01 | 0 days | 1,998 sqft |
2018-04-01 | 0 days | 1,975 sqft |
2018-05-01 | 0 days | 1,991 sqft |
2018-06-01 | 0 days | 1,992 sqft |
2018-07-01 | 0 days | 2,016 sqft |
2018-08-01 | 0 days | 2,075 sqft |
2018-09-01 | 0 days | 2,078 sqft |
2018-10-01 | 0 days | 2,073 sqft |
2018-11-01 | 0 days | 2,047 sqft |
2018-12-01 | 0 days | 2,000 sqft |
2019-01-01 | 0 days | 1,986 sqft |
2019-02-01 | 0 days | 1,959 sqft |
2019-03-01 | 0 days | 1,992 sqft |
2019-04-01 | 0 days | 2,064 sqft |
2019-05-01 | 0 days | 2,125 sqft |
2019-06-01 | 0 days | 2,043 sqft |
2019-07-01 | 0 days | 2,012 sqft |
2019-08-01 | 0 days | 2,000 sqft |
2019-09-01 | 0 days | 1,988 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 | 2,055 sqft |
2020-03-01 | 0 days | 2,080 sqft |
2020-04-01 | 0 days | 2,080 sqft |
2020-05-01 | 0 days | 2,100 sqft |
2020-06-01 | 0 days | 2,171 sqft |
2020-07-01 | 0 days | 2,223 sqft |
2020-08-01 | 0 days | 2,219 sqft |
2020-09-01 | 0 days | 2,139 sqft |
2020-10-01 | 0 days | 2,084 sqft |
2020-11-01 | 0 days | 2,115 sqft |
2020-12-01 | 0 days | 2,038 sqft |
2021-01-01 | 0 days | 1,962 sqft |
2021-02-01 | 0 days | 1,954 sqft |
2021-03-01 | 0 days | 1,962 sqft |
2021-04-01 | 0 days | 1,928 sqft |
2021-05-01 | 0 days | 1,981 sqft |
2021-06-01 | 0 days | 1,990 sqft |
2021-07-01 | 0 days | 1,957 sqft |
2021-08-01 | 0 days | 1,833 sqft |
2021-09-01 | 0 days | 1,811 sqft |
2021-10-01 | 0 days | 1,992 sqft |
2021-11-01 | 0 days | 1,922 sqft |
2021-12-01 | 0 days | 1,928 sqft |
2022-01-01 | 0 days | 1,881 sqft |
2022-02-01 | 0 days | 1,924 sqft |
2022-03-01 | 0 days | 1,910 sqft |
2022-04-01 | 0 days | 1,790 sqft |
Staunton's median square footage for active listings during the 2022-04-01 period was 1,790 sqft. One year prior, the average listing was 1,928 sqft.