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%.

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 and rates for USDA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Staunton level.

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
Alcova Mortgage LLC 60 3.06% $3,790
C & F Mortgage Corporation 29 2.90% $5,414
MOVEMENT MORTGAGE, LLC 10 2.94% $5,009
DUPONT COMMUNITY 10 3.18% $5,183
Integrity Home Mortgage Corp 7 2.95% $5,800
PENNYMAC LOAN SERVICES, LLC 5 2.82% $4,874
ATLANTIC BAY MORTGAGE GROUP, L.L.C. 4 3.09% $5,564
CBM Mortgage, Inc. 4 3.31% $6,148
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 3.19% $7,021
Prosperity Home Mortgage, LLC 2 2.88% $6,382
PRIMARY RESIDENTIAL MORTGAGE, INC. 1 3.63% $7,172
Truist Bank 1 2.63% $5,583
Waterstone Mortgage Corporation 1 2.75% $3,151
Wells Fargo Bank 1 3.63% $2,119
ANGEL OAK HOME LOANS LLC 1 2.38% $5,091
Atlantic Union Bank 1 2.88% $5,785
EMBRACE HOME LOANS, INC. 1 2.25% $6,460
FINANCE OF AMERICA MORTGAGE LLC 1 3.25% $4,859
First Heritage Mortgage, LLC 1 2.88% $6,057
George Mason Mortgage, LLC 1 3.00% $5,383
HOME POINT FINANCIAL CORPORATION 1 2.75% $4,198
LAKEVIEW LOAN SERVICING, LLC 1 3.25% $2,947
NATIONS RELIABLE LENDING, LLC 1 3.00% $5,570

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. Louis
Date 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 for 2022-04-01 was $312,500, a difference of $30,050 (10.6%) versus the prior year and $-13,450 versus the prior month.

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. Louis
Date 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 listing age (time on market) for 2022-04-01 was 0 days.

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.