York USDA Loan Rates, Closing Costs & Stats

YORK-HANOVER, PA

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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.

    York's 67 lenders originated 247 USDA loans during 2021. The total origination value was $46,305,000, with an average USDA loan value of $187,470.

    York USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in York averaged 0.03% for the week of 2022-11-25, compared to the national average (all USDA variants) of 0% for the same period.

    York's average USDA mortgage closing costs are $5,675.

    The average rate for the prior week (2022-11-18) was 6.58% and one month ago for the week of 2022-10-21, the average rate was 6.9%.

    The average rate one year ago was 3.24%.

    For refis of the same type during the week of 2022-11-25, the average rate was -0.08%.

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

    York 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 York level.

    Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
    MCLEAN MORTGAGE CORPORATION 26 2.84% $5,625
    York Traditions Bank 17 2.74% $6,028
    CROSSCOUNTRY MORTGAGE, LLC 15 3.02% $6,044
    RESIDENTIAL MORTGAGE SERVICES, INC. 14 2.84% $6,763
    MOVEMENT MORTGAGE, LLC 10 2.94% $6,610
    NFM, INC. 10 3.33% $5,661
    Northpointe Bank 8 2.48% $5,667
    GUARANTEED RATE, INC. 8 3.03% $6,449
    Integrity Home Mortgage Corp 6 3.10% $7,922
    Sierra Pacific Mortgage Company, Inc. 6 2.52% $6,036
    GUILD MORTGAGE COMPANY 6 3.19% $5,835
    Fulton Bank 6 3.02% $6,426
    LOANDEPOT.COM, LLC 5 3.18% $6,250
    Mortgage Network, Inc. 5 3.35% $5,915
    Alcova Mortgage LLC 5 2.83% $6,004
    BROKER SOLUTIONS, INC. 4 3.12% $5,941
    Flagstar Bank, FSB 4 3.03% $6,919
    Keystone Funding, Inc. 4 2.91% $7,802
    EMM LOANS LLC 3 2.92% $5,011
    PRIMELENDING, A PLAINSCAPITAL COMPANY 3 3.33% $5,854
    Paramount Residential Mortgage Group, Inc. 3 2.79% $5,945
    Meridian Bank Corporation 3 2.67% $5,314
    EQUITY RESOURCES, INC. 3 2.46% $4,422
    HOMEBRIDGE FINANCIAL SERVICES, INC. 3 2.83% $5,402
    CONTOUR MORTGAGE CORPORATION 3 2.63% $6,856
    PRIMARY RESIDENTIAL MORTGAGE, INC. 3 2.90% $7,909
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 2 3.63% $6,774
    HOME POINT FINANCIAL CORPORATION 2 2.50% $5,282
    Ameris Bank 2 3.13% $6,612
    PENNYMAC LOAN SERVICES, LLC 2 2.63% $7,365
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 2 3.50% $7,524
    Citizens Bank 2 3.19% $6,851
    TIDEWATER MORTGAGE SERVICES, INC. 2 2.81% $6,509
    First Guaranty Mortgage Corporation 2 2.81% $6,292
    UNION HOME MORTGAGE CORP. 2 3.50% $7,092
    First Heritage Mortgage, LLC 2 2.94% $7,252
    First National Bank of Pennsylvania 2 3.25% $5,461
    Mortgage America, Inc. 2 2.75% $5,179
    George Mason Mortgage, LLC 2 2.69% $7,675
    PNC Bank 2 2.81% $7,871
    PLAZA HOME MORTGAGE, INC. 2 3.19% $10,738
    STOCKTON MORTGAGE CORPORATION 1 2.88% $5,571
    ACNB Bank 1 2.37% $6,625
    BAY CAPITAL MORTGAGE CORPORATION 1 2.75% $5,372
    Carrington Mortgage Services, LLC 1 2.25% $7,270
    DEVELOPER'S MORTGAGE COMPANY 1 3.25% $5,455
    ENVOY MORTGAGE, LTD 1 2.75% $8,942
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 3.25% $5,827
    Farmers and Merchants Trust Company of Chambersburg 1 3.25% $8,701
    FINANCE OF AMERICA MORTGAGE LLC 1 3.25% $5,134
    FIRST ALLIANCE HOME MORTGAGE, LLC 1 2.75% $9,233
    GENEVA FINANCIAL, LLC 1 3.25% $7,849
    GUARANTEED RATE AFFINITY, LLC 1 3.25% $6,432
    Homesale Mortgage, LLC 1 2.25% $5,535
    HOMESPIRE MORTGAGE CORPORATION 1 2.88% $5,784
    HOWARD HANNA FINANCIAL SERVICES, INC. 1 2.63% $5,415
    LAKEVIEW LOAN SERVICING, LLC 1 2.75% $5,415
    Mid Penn Bank 1 3.00% $6,503
    Orrstown Bank 1 2.45% $4,365
    Plains Commerce Bank 1 3.13% $6,323
    SOUTHERN TRUST MORTGAGE, LLC 1 2.75% $0
    ABSOLUTE HOME MORTGAGE CORPORATION 1 3.63% $5,168
    UNITED MORTGAGE CORP. 1 2.88% $5,136
    UNITED WHOLESALE MORTGAGE, LLC 1 2.99% $5,267
    Univest Bank and Trust Co. 1 2.75% $4,953
    VAN DYK MORTGAGE CORPORATION 1 2.50% $4,966
    VILLAGE CAPITAL MORTGAGE 1 2.75% $3,258

    The top York USDA lender as defined by loan originations is MCLEAN MORTGAGE CORPORATION, with 26 USDA loans originated. Their average total fees are $5,625, which is $403 lower than the next largest lender, York Traditions Bank.

    The lowest fee York USDA lenders (with over 10 loans originated) are MCLEAN MORTGAGE CORPORATION ($5,625), NFM, INC. ($5,661), York Traditions Bank ($6,028), CROSSCOUNTRY MORTGAGE, LLC ($6,044) and MOVEMENT MORTGAGE, LLC ($6,610).

    The lowest rate York USDA lenders (with over 10 loans originated) are York Traditions Bank (2.74%), RESIDENTIAL MORTGAGE SERVICES, INC. (2.84%), MCLEAN MORTGAGE CORPORATION (2.84%), MOVEMENT MORTGAGE, LLC (2.94%) and CROSSCOUNTRY MORTGAGE, LLC (3.02%).

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - York (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 $211,450 (14.3%) $236,366 (10.1%) 0.78 1,523
    2018-02-01 $214,949 (16.2%) $242,458 (12.8%) 0.78 1,407
    2018-03-01 $213,921 (12.7%) $243,937 (9.3%) 0.75 1,392
    2018-04-01 $219,900 (10.0%) $246,994 (7.2%) 0.75 1,457
    2018-05-01 $226,950 (7.6%) $253,143 (7.2%) 0.76 1,494
    2018-06-01 $229,410 (9.3%) $255,854 (7.5%) 0.77 1,581
    2018-07-01 $228,114 (8.7%) $255,806 (6.4%) 0.76 1,594
    2018-08-01 $224,900 (7.1%) $253,985 (6.1%) 0.75 1,630
    2018-09-01 $219,900 (8.9%) $248,776 (5.4%) 0.74 1,586
    2018-10-01 $219,450 (4.6%) $246,206 (2.8%) 0.74 1,653
    2018-11-01 $219,900 (10.0%) $245,939 (5.5%) 0.75 1,660
    2018-12-01 $217,400 (8.8%) $243,146 (4.9%) 0.75 1,600
    2019-01-01 $218,343 (3.3%) $240,875 (1.9%) 0.75 1,415
    2019-02-01 $219,900 (2.3%) $243,238 (0.3%) 0.74 1,303
    2019-03-01 $219,900 (2.8%) $247,411 (1.4%) 0.72 1,286
    2019-04-01 $220,650 (0.3%) $253,341 (2.6%) 0.70 1,292
    2019-05-01 $229,025 (0.9%) $258,920 (2.3%) 0.72 1,333
    2019-06-01 $229,900 (0.2%) $263,665 (3.1%) 0.72 1,398
    2019-07-01 $238,925 (4.7%) $269,168 (5.2%) 0.75 1,415
    2019-08-01 $238,564 (6.1%) $271,668 (7.0%) 0.76 1,393
    2019-09-01 $236,559 (7.6%) $272,740 (9.6%) 0.76 1,357
    2019-10-01 $235,000 (7.1%) $273,428 (11.1%) 0.76 1,321
    2019-11-01 $231,995 (5.5%) $268,372 (9.1%) 0.76 1,204
    2019-12-01 $235,570 (8.4%) $267,769 (10.1%) 0.79 1,095
    2020-01-01 $237,659 (8.9%) $267,065 (10.9%) 0.79 994
    2020-02-01 $248,983 (13.2%) $274,477 (12.8%) 0.81 917
    2020-03-01 $258,570 (17.6%) $284,984 (15.2%) 0.81 909
    2020-04-01 $267,900 (21.4%) $292,028 (15.3%) 0.84 838
    2020-05-01 $259,995 (13.5%) $292,167 (12.8%) 0.79 900
    2020-06-01 $255,423 (11.1%) $289,737 (9.9%) 0.75 849
    2020-07-01 $260,629 (9.1%) $304,904 (13.3%) 0.76 754
    2020-08-01 $271,400 (13.8%) $307,605 (13.2%) 0.78 680
    2020-09-01 $268,445 (13.5%) $309,658 (13.5%) 0.77 644
    2020-10-01 $259,995 (10.6%) $305,693 (11.8%) 0.75 636
    2020-11-01 $262,500 (13.2%) $310,743 (15.8%) 0.77 605
    2020-12-01 $263,945 (12.1%) $315,609 (17.9%) 0.78 540
    2021-01-01 $264,945 (11.5%) $316,802 (18.6%) 0.79 442
    2021-02-01 $274,482 (10.2%) $319,792 (16.5%) 0.80 405
    2021-03-01 $276,443 (6.9%) $309,138 (8.5%) 0.78 422
    2021-04-01 $280,693 (4.8%) $307,756 (5.4%) 0.76 427
    2021-05-01 $279,900 (7.7%) $303,759 (4.0%) 0.74 484
    2021-06-01 $262,450 (2.8%) $295,204 (1.9%) 0.69 598
    2021-07-01 $269,900 (3.6%) $300,898 (-1.3%) 0.71 637
    2021-08-01 $263,529 (-2.9%) $298,447 (-3.0%) 0.70 652
    2021-09-01 $264,000 (-1.7%) $303,328 (-2.0%) 0.70 638
    2021-10-01 $263,250 (1.3%) $305,145 (-0.2%) 0.70 588
    2021-11-01 $264,746 (0.9%) $304,594 (-2.0%) 0.71 562
    2021-12-01 $278,815 (5.6%) $321,816 (2.0%) 0.76 485
    2022-01-01 $307,990 (16.3%) $340,897 (7.6%) 0.83 419
    2022-02-01 $317,412 (15.6%) $342,204 (7.0%) 0.83 421
    2022-03-01 $323,445 (17.0%) $348,115 (12.6%) 0.81 447
    2022-04-01 $324,900 (15.8%) $347,839 (13.0%) 0.78 451
    2022-05-01 $326,950 (16.8%) $357,886 (17.8%) 0.75 520
    2022-06-01 $322,495 (22.9%) $357,892 (21.2%) 0.72 569
    2022-07-01 $318,965 (18.2%) $353,588 (17.5%) 0.72 618
    2022-08-01 $324,900 (23.3%) $356,766 (19.5%) 0.75 607
    2022-09-01 $329,200 (24.7%) $363,701 (19.9%) 0.77 597
    2022-10-01 $339,995 (29.2%) $365,191 (19.7%) 0.80 598
    York's median listing price for 2022-10-01 was $339,995, a difference of $76,745 (29.2%) versus the prior year and $10,795 versus the prior month.

    York's median listing price comes in at 80% of the national average.

    York's average listing price for 2022-10-01 was $365,191, a difference of $60,046 (19.7%) versus the prior year and $1,490 versus the prior month.

    For the 2022-10-01 period, York had 598 MLS listings, a difference of 1 listings (0%) versus the prior month and 10 listings (2%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - York (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 88 days 1,836 sqft
    2018-02-01 86 days 1,842 sqft
    2018-03-01 68 days 1,846 sqft
    2018-04-01 57 days 1,860 sqft
    2018-05-01 51 days 1,872 sqft
    2018-06-01 53 days 2,062 sqft
    2018-07-01 59 days 2,018 sqft
    2018-08-01 61 days 2,012 sqft
    2018-09-01 64 days 2,000 sqft
    2018-10-01 66 days 1,987 sqft
    2018-11-01 65 days 1,948 sqft
    2018-12-01 71 days 1,910 sqft
    2019-01-01 81 days 1,877 sqft
    2019-02-01 87 days 1,877 sqft
    2019-03-01 71 days 1,894 sqft
    2019-04-01 53 days 1,922 sqft
    2019-05-01 49 days 1,962 sqft
    2019-06-01 51 days 1,984 sqft
    2019-07-01 51 days 2,026 sqft
    2019-08-01 53 days 2,050 sqft
    2019-09-01 57 days 2,041 sqft
    2019-10-01 60 days 2,029 sqft
    2019-11-01 65 days 1,995 sqft
    2019-12-01 73 days 1,971 sqft
    2020-01-01 75 days 1,959 sqft
    2020-02-01 66 days 1,977 sqft
    2020-03-01 50 days 2,030 sqft
    2020-04-01 68 days 2,070 sqft
    2020-05-01 71 days 2,072 sqft
    2020-06-01 47 days 2,012 sqft
    2020-07-01 46 days 2,053 sqft
    2020-08-01 47 days 2,064 sqft
    2020-09-01 44 days 1,996 sqft
    2020-10-01 53 days 1,976 sqft
    2020-11-01 53 days 1,949 sqft
    2020-12-01 64 days 1,938 sqft
    2021-01-01 71 days 1,920 sqft
    2021-02-01 71 days 1,893 sqft
    2021-03-01 45 days 1,905 sqft
    2021-04-01 42 days 1,909 sqft
    2021-05-01 42 days 1,909 sqft
    2021-06-01 39 days 1,864 sqft
    2021-07-01 41 days 1,872 sqft
    2021-08-01 40 days 1,861 sqft
    2021-09-01 47 days 1,849 sqft
    2021-10-01 54 days 1,880 sqft
    2021-11-01 49 days 1,845 sqft
    2021-12-01 53 days 1,857 sqft
    2022-01-01 52 days 1,900 sqft
    2022-02-01 43 days 1,900 sqft
    2022-03-01 42 days 1,920 sqft
    2022-04-01 43 days 1,950 sqft
    2022-05-01 39 days 1,950 sqft
    2022-06-01 37 days 1,960 sqft
    2022-07-01 39 days 1,991 sqft
    2022-08-01 39 days 1,952 sqft
    2022-09-01 47 days 2,000 sqft
    2022-10-01 51 days 2,028 sqft
    York's median listing age (time on market) for 2022-10-01 was 51 days. This is -6% shorter than the same period one year ago.

    York's median square footage for active listings during the 2022-10-01 period was 2,028 sqft. One year prior, the average listing was 1,880 sqft.