Staunton USDA Loans

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 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.