York USDA Loan Rates, Closing Costs & Stats

YORK-HANOVER, PA

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.