York USDA Loans

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 5.13% 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 5.16% and one month ago for the week of 2022-04-08, the average rate was 4.72%.

The average rate one year ago was 3.24%.

For refis of the same type during the week of 2022-05-13, the average rate was 5.32%.

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 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. Total Fees
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 & INVESTMENT LLC 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 $209,450 (10.3%) $235,120 (5.4%) 0.77 1,538
2018-02-01 $214,500 (13.2%) $240,660 (8.0%) 0.77 1,431
2018-03-01 $209,999 (7.7%) $242,934 (6.3%) 0.73 1,420
2018-04-01 $219,450 (9.7%) $244,381 (3.4%) 0.74 1,480
2018-05-01 $224,950 (4.6%) $250,487 (4.7%) 0.75 1,518
2018-06-01 $225,000 (6.3%) $252,732 (5.4%) 0.75 1,600
2018-07-01 $225,570 (5.0%) $253,419 (4.4%) 0.75 1,595
2018-08-01 $224,879 (4.6%) $252,106 (4.6%) 0.75 1,625
2018-09-01 $219,900 (7.3%) $247,891 (3.8%) 0.74 1,592
2018-10-01 $218,750 (4.2%) $245,914 (1.7%) 0.73 1,653
2018-11-01 $215,950 (8.0%) $244,656 (4.7%) 0.72 1,662
2018-12-01 $217,400 (8.8%) $242,805 (4.9%) 0.74 1,588
2019-01-01 $218,185 (4.2%) $240,943 (2.5%) 0.75 1,406
2019-02-01 $219,900 (2.5%) $243,285 (1.1%) 0.74 1,292
2019-03-01 $219,900 (4.7%) $247,105 (1.7%) 0.72 1,278
2019-04-01 $219,900 (0.2%) $252,467 (3.3%) 0.69 1,281
2019-05-01 $227,000 (0.9%) $258,506 (3.2%) 0.70 1,319
2019-06-01 $229,900 (2.2%) $262,973 (4.1%) 0.71 1,395
2019-07-01 $237,450 (5.3%) $267,038 (5.4%) 0.74 1,416
2019-08-01 $239,900 (6.7%) $274,205 (8.8%) 0.76 1,353
2019-09-01 $239,900 (9.1%) $281,170 (13.4%) 0.76 1,259
2019-10-01 $234,725 (7.3%) $276,718 (12.5%) 0.75 1,258
2019-11-01 $229,900 (6.5%) $272,091 (11.2%) 0.74 1,179
2019-12-01 $234,450 (7.8%) $272,424 (12.2%) 0.78 1,065
2020-01-01 $238,070 (9.1%) $273,884 (13.7%) 0.79 976
2020-02-01 $249,000 (13.2%) $282,713 (16.2%) 0.80 900
2020-03-01 $259,750 (18.1%) $293,260 (18.7%) 0.81 893
2020-04-01 $269,400 (22.5%) $301,124 (19.3%) 0.84 844
2020-05-01 $265,000 (16.7%) $302,858 (17.2%) 0.80 901
2020-06-01 $257,013 (11.8%) $296,320 (12.7%) 0.75 831
2020-07-01 $260,608 (9.8%) $308,824 (15.7%) 0.75 733
2020-08-01 $272,000 (13.4%) $312,936 (14.1%) 0.78 667
2020-09-01 $265,400 (10.6%) $310,080 (10.3%) 0.76 629
2020-10-01 $260,000 (10.8%) $303,320 (9.6%) 0.74 624
2020-11-01 $264,950 (15.3%) $311,890 (14.6%) 0.76 586
2020-12-01 $262,945 (12.2%) $314,603 (15.5%) 0.77 523
2021-01-01 $264,990 (11.3%) $316,650 (15.6%) 0.78 442
2021-02-01 $272,495 (9.4%) $320,557 (13.4%) 0.78 401
2021-03-01 $277,950 (7.0%) $310,428 (5.9%) 0.78 405
2021-04-01 $281,753 (4.6%) $309,426 (2.8%) 0.76 414
2021-05-01 $281,990 (6.4%) $305,322 (0.8%) 0.74 459
2021-06-01 $264,950 (3.1%) $294,610 (-0.6%) 0.69 571
2021-07-01 $274,215 (5.2%) $299,299 (-3.1%) 0.71 608
2021-08-01 $264,900 (-2.6%) $298,707 (-4.6%) 0.70 639
2021-09-01 $267,400 (0.8%) $304,416 (-1.8%) 0.70 625
2021-10-01 $269,900 (3.8%) $305,880 (0.8%) 0.71 578
2021-11-01 $266,889 (0.7%) $306,361 (-1.8%) 0.70 548
2021-12-01 $284,750 (8.3%) $324,182 (3.0%) 0.76 477
2022-01-01 $309,900 (17.0%) $342,578 (8.2%) 0.83 413
2022-02-01 $319,950 (17.4%) $346,214 (8.0%) 0.82 419
2022-03-01 $329,950 (18.7%) $352,178 (13.5%) 0.81 443
2022-04-01 $326,990 (16.1%) $351,908 (13.7%) 0.77 459
York's median listing price for 2022-04-01 was $326,990, a difference of $45,237 (16.1%) versus the prior year and $-2,960 versus the prior month.

York's median listing price comes in at 77% of the national average.

York's average listing price for 2022-04-01 was $351,908, a difference of $42,482 (13.7%) versus the prior year and $-270 versus the prior month.

For the 2022-04-01 period, York had 459 MLS listings, a difference of 16 listings (4%) versus the prior month and 45 listings (11%) 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 1,824 sqft
2018-02-01 86 days 1,821 sqft
2018-03-01 67 days 1,829 sqft
2018-04-01 57 days 1,848 sqft
2018-05-01 51 days 1,855 sqft
2018-06-01 53 days 2,040 sqft
2018-07-01 60 days 2,006 sqft
2018-08-01 62 days 1,997 sqft
2018-09-01 64 days 1,970 sqft
2018-10-01 65 days 1,968 sqft
2018-11-01 65 days 1,929 sqft
2018-12-01 72 days 1,900 sqft
2019-01-01 82 days 1,872 sqft
2019-02-01 89 days 1,870 sqft
2019-03-01 60 days 1,883 sqft
2019-04-01 52 days 1,908 sqft
2019-05-01 49 days 1,955 sqft
2019-06-01 50 days 1,968 sqft
2019-07-01 50 days 2,003 sqft
2019-08-01 56 days 2,038 sqft
2019-09-01 62 days 2,061 sqft
2019-10-01 59 days 2,022 sqft
2019-11-01 63 days 1,978 sqft
2019-12-01 71 days 1,960 sqft
2020-01-01 73 days 1,955 sqft
2020-02-01 63 days 1,984 sqft
2020-03-01 49 days 2,042 sqft
2020-04-01 67 days 2,074 sqft
2020-05-01 71 days 2,080 sqft
2020-06-01 44 days 2,007 sqft
2020-07-01 44 days 2,045 sqft
2020-08-01 48 days 2,018 sqft
2020-09-01 44 days 1,990 sqft
2020-10-01 51 days 1,974 sqft
2020-11-01 53 days 1,949 sqft
2020-12-01 64 days 1,935 sqft
2021-01-01 72 days 1,920 sqft
2021-02-01 73 days 1,898 sqft
2021-03-01 50 days 1,897 sqft
2021-04-01 45 days 1,912 sqft
2021-05-01 45 days 1,916 sqft
2021-06-01 42 days 1,875 sqft
2021-07-01 43 days 1,865 sqft
2021-08-01 40 days 1,854 sqft
2021-09-01 49 days 1,835 sqft
2021-10-01 54 days 1,871 sqft
2021-11-01 49 days 1,842 sqft
2021-12-01 52 days 1,860 sqft
2022-01-01 52 days 1,900 sqft
2022-02-01 44 days 1,900 sqft
2022-03-01 43 days 1,920 sqft
2022-04-01 44 days 1,950 sqft
York's median listing age (time on market) for 2022-04-01 was 44 days. This is -1% shorter than the same period one year ago.

York's median square footage for active listings during the 2022-04-01 period was 1,950 sqft. One year prior, the average listing was 1,912 sqft.