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 38 lenders originated 101 USDA loans during 2022. The total origination value was $20,385,000, with an average USDA loan value of $201,832.

    York USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in York averaged 6.4% for the week of 2023-05-26, compared to the national average (all USDA variants) of 6.63% for the same period.

    York's average USDA mortgage closing costs are $5,794.

    The average rate for the prior week (2023-05-19) was 6.34% and one month ago for the week of 2023-04-21, the average rate was 6.35%.

    The average rate one year ago was 4.87%.

    For refis of the same type during the week of 2023-05-26, the average rate was 5.02%.

    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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    MCLEAN MORTGAGE CORPORATION 9 4.94% $6,261
    MOVEMENT MORTGAGE, LLC 8 4.84% $6,122
    York Traditions Bank 7 4.18% $6,022
    GUILD MORTGAGE COMPANY 7 5.13% $6,143
    Northpointe Bank 6 3.77% $8,428
    UNION HOME MORTGAGE CORP. 5 5.20% $8,783
    CROSSCOUNTRY MORTGAGE, LLC 4 4.39% $6,894
    EMM LOANS LLC 4 5.06% $9,958
    Mortgage Network, Inc. 4 5.03% $7,907
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 3 3.54% $6,525
    LOANDEPOT.COM, LLC 3 5.17% $5,891
    Meridian Bank Corporation 3 3.96% $5,270
    CALIBER HOME LOANS, INC. 3 4.25% $6,054
    UNITED WHOLESALE MORTGAGE, LLC 3 5.35% $8,246
    PENNYMAC LOAN SERVICES, LLC 2 3.34% $6,538
    HOMEBRIDGE FINANCIAL SERVICES, INC. 2 4.94% $9,473
    NFM, INC. 2 3.94% $6,587
    Wells Fargo Bank 2 5.56% $5,359
    FIRST HOME MORTGAGE CORPORATION 2 4.88% $10,364
    M&T Bank 1 3.38% $8,353
    Network Funding, L.P. 1 5.13% $8,770
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 6.50% $6,788
    PLAZA HOME MORTGAGE, INC. 1 5.63% $4,890
    Presidential Bank, FSB 1 6.38% $7,162
    PRIMARY RESIDENTIAL MORTGAGE, INC. 1 5.25% $13,821
    ROUNDPOINT MORTGAGE SERVICING CORPORATION 1 4.38% $7,860
    Sierra Pacific Mortgage Company, Inc. 1 5.13% $6,139
    STOCKTON MORTGAGE CORPORATION 1 4.75% $12,098
    SWBC MORTGAGE CORPORATION 1 4.25% $4,180
    TIDEWATER MORTGAGE SERVICES, INC. 1 5.25% $7,533
    Towne Bank 1 4.75% $5,842
    HOME POINT FINANCIAL CORPORATION 1 3.25% $6,412
    HOMESPIRE MORTGAGE CORPORATION 1 4.00% $7,058
    LIBERTY HOME MORTGAGE CORPORATION 1 6.25% $10,843
    ACNB Bank 1 5.25% $6,223
    MEMBERS 1ST FEDERAL CREDIT UNION 1 6.25% $7,636
    FIRST ALLIANCE HOME MORTGAGE, LLC 1 5.63% $12,107
    GUARANTEED RATE AFFINITY, LLC 1 4.50% $7,610

    The top York USDA lender as defined by loan originations is MCLEAN MORTGAGE CORPORATION, with 9 USDA loans originated. Their average total fees are $6,261, which is $139 higher than the next largest lender, MOVEMENT MORTGAGE, LLC.

    The lowest fee York USDA lenders (with over 10 loans originated) are .

    The lowest rate York USDA lenders (with over 10 loans originated) are .

    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%) $245,072 (0.5%) 0.73 1,309
    2019-04-01 $220,710 (0.4%) $253,382 (2.6%) 0.70 1,293
    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 $242,200 (7.7%) $275,507 (8.5%) 0.76 1,451
    2019-09-01 $247,208 (12.4%) $283,581 (14.0%) 0.78 1,236
    2019-10-01 $235,000 (7.1%) $273,547 (11.1%) 0.76 1,313
    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%) 0.82 917
    2020-03-01 $258,570 (17.6%) $284,984 (16.3%) 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 (12.1%) $307,605 (11.7%) 0.78 680
    2020-09-01 $268,445 (8.6%) $309,658 (9.2%) 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%) 0.79 540
    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%) $295,169 (1.9%) 0.69 599
    2021-07-01 $269,900 (3.6%) $300,820 (-1.3%) 0.71 638
    2021-08-01 $263,765 (-2.8%) $298,738 (-2.9%) 0.70 656
    2021-09-01 $264,875 (-1.3%) $303,450 (-2.0%) 0.71 641
    2021-10-01 $264,900 (1.9%) $305,327 (-0.1%) 0.71 589
    2021-11-01 $266,400 (1.5%) $304,822 (-1.9%) 0.71 563
    2021-12-01 $281,039 (6.5%) $322,087 (2.1%) 0.76 487
    2022-01-01 $308,050 (16.3%) $340,996 (7.6%) 0.83 420
    2022-02-01 $317,445 (15.7%) $342,297 (7.0%) 0.83 423
    2022-03-01 $324,198 (17.3%) $348,123 (12.6%) 0.81 448
    2022-04-01 $324,950 (15.8%) $347,779 (13.0%) 0.77 452
    2022-05-01 $327,400 (17.0%) $357,890 (17.8%) 0.75 522
    2022-06-01 $323,160 (23.1%) $357,847 (21.2%) 0.72 570
    2022-07-01 $319,000 (18.2%) $353,553 (17.5%) 0.72 619
    2022-08-01 $324,900 (23.2%) $356,746 (19.4%) 0.75 607
    2022-09-01 $329,200 (24.3%) $363,701 (19.9%) 0.77 597
    2022-10-01 $339,990 (28.4%) $365,136 (19.6%) 0.80 599
    2022-11-01 $338,945 (27.2%) $359,441 (17.9%) 0.81 586
    2022-12-01 $345,000 (22.8%) $361,239 (12.2%) 0.85 565
    2023-01-01 $348,625 (13.2%) $362,814 (6.4%) 0.86 525
    2023-02-01 $358,650 (13.0%) $373,575 (9.1%) 0.87 479
    2023-03-01 $356,468 (10.0%) $373,681 (7.3%) 0.84 468
    2023-04-01 $342,620 (5.4%) $368,469 (6.0%) 0.80 449
    York's median listing price for 2023-04-01 was $342,620, a difference of $17,670 (5.4%) versus the prior year and $-13,848 versus the prior month.

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

    York's average listing price for 2023-04-01 was $368,469, a difference of $20,690 (6.0%) versus the prior year and $-5,212 versus the prior month.

    For the 2023-04-01 period, York had 449 MLS listings, a difference of -19 listings (-4%) versus the prior month and -3 listings (-1%) 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 1,873 sqft
    2018-06-01 53 days 2,063 sqft
    2018-07-01 59 days 2,020 sqft
    2018-08-01 61 days 2,013 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 64 days 1,900 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 65 days 2,072 sqft
    2019-09-01 75 days 2,096 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 1,948 sqft
    2020-12-01 64 days 1,937 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 38 days 1,864 sqft
    2021-07-01 41 days 1,870 sqft
    2021-08-01 40 days 1,861 sqft
    2021-09-01 47 days 1,850 sqft
    2021-10-01 54 days 1,880 sqft
    2021-11-01 49 days 1,847 sqft
    2021-12-01 53 days 1,862 sqft
    2022-01-01 52 days 1,900 sqft
    2022-02-01 43 days 1,900 sqft
    2022-03-01 42 days 1,919 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 2,026 sqft
    2022-11-01 54 days 2,009 sqft
    2022-12-01 58 days 2,000 sqft
    2023-01-01 67 days 2,002 sqft
    2023-02-01 64 days 2,068 sqft
    2023-03-01 51 days 2,028 sqft
    2023-04-01 45 days 1,976 sqft
    York's median listing age (time on market) for 2023-04-01 was 45 days. This is 5% longer than the same period one year ago.

    York's median square footage for active listings during the 2023-04-01 period was 1,976 sqft. One year prior, the average listing was 1,950 sqft.