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 23 lenders originated 40 USDA loans during 2023. The total origination value was $9,070,000, with an average USDA loan value of $226,750.

York USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in York averaged 6.79% for the week of 2024-06-07, compared to the national average (all USDA variants) of 6.699% for the same period.

York's average USDA mortgage closing costs are $5,871.

The average rate for the prior week (2024-05-31) was 6.67% and one month ago for the week of 2024-05-03, the average rate was 7.06%.

The average rate one year ago was 6.56%.

For refis of the same type during the week of 2024-06-07, the average rate was 7.17%.

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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
MOVEMENT MORTGAGE, LLC 5 7.25% $8,559
GUILD MORTGAGE COMPANY 4 6.47% $6,681
Meridian Bank Corporation 3 5.75% $8,278
Northpointe Bank 3 6.25% $8,526
York Traditions Bank 2 5.94% $8,669
BROKER SOLUTIONS, INC. 2 6.13% $5,450
ENVOY MORTGAGE, LTD 2 6.63% $12,140
NFM, INC. 2 6.50% $8,639
Towne Bank 2 6.38% $6,681
UNITED WHOLESALE MORTGAGE, LLC 1 6.25% $10,889
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 5.75% $11,183
CROSSCOUNTRY MORTGAGE, LLC 1 7.25% $6,575
MEMBERS 1ST FEDERAL CREDIT UNION 1 6.25% $7,410
Carrington Mortgage Services, LLC 1 7.13% $8,150
BAYSHORE MORTGAGE FUNDING, LLC 1 7.13% $12,036
WesBanco 1 5.63% $6,267
ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 6.13% $12,022
RADIUS FINANCIAL GROUP INC. 1 6.38% $8,755
Alcova Mortgage LLC 1 7.25% $5,762
UNION HOME MORTGAGE CORP. 1 7.00% $6,235
DHI MORTGAGE COMPANY, LTD. 1 5.75% $6,728
DIRECT MORTGAGE LOANS, LLC 1 7.62% $11,051
EMM LOANS LLC 1 6.75% $10,590

The top York USDA lender as defined by loan originations is MOVEMENT MORTGAGE, LLC, with 5 USDA loans originated. Their average total fees are $8,559, which is $1,878 higher than the next largest lender, GUILD MORTGAGE COMPANY.

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%) $236,350 (10.1%) 0.78 1,523
2018-02-01 $214,948 (16.2%) $242,400 (12.8%) 0.78 1,408
2018-03-01 $213,841 (12.6%) $243,881 (9.3%) 0.75 1,393
2018-04-01 $219,900 (10.0%) $246,816 (7.1%) 0.75 1,459
2018-05-01 $226,950 (7.6%) $253,069 (7.2%) 0.76 1,496
2018-06-01 $229,200 (9.2%) $255,716 (7.6%) 0.76 1,584
2018-07-01 $228,029 (8.6%) $255,670 (6.4%) 0.76 1,597
2018-08-01 $224,900 (7.1%) $253,853 (6.2%) 0.75 1,632
2018-09-01 $219,900 (10.0%) $248,717 (5.5%) 0.74 1,588
2018-10-01 $219,450 (5.1%) $246,196 (3.0%) 0.74 1,654
2018-11-01 $219,900 (10.0%) $245,927 (5.6%) 0.75 1,661
2018-12-01 $217,450 (8.8%) $243,135 (4.9%) 0.75 1,601
2019-01-01 $218,343 (3.3%) $240,841 (1.9%) 0.75 1,416
2019-02-01 $219,900 (2.3%) $243,174 (0.3%) 0.74 1,305
2019-03-01 $219,900 (2.8%) $247,330 (1.4%) 0.72 1,287
2019-04-01 $220,650 (0.3%) $253,281 (2.6%) 0.70 1,293
2019-05-01 $228,400 (0.6%) $258,824 (2.3%) 0.71 1,335
2019-06-01 $229,900 (0.3%) $263,519 (3.1%) 0.72 1,400
2019-07-01 $238,734 (4.7%) $269,016 (5.2%) 0.75 1,417
2019-08-01 $238,564 (6.1%) $271,551 (7.0%) 0.76 1,395
2019-09-01 $236,559 (7.6%) $272,684 (9.6%) 0.76 1,357
2019-10-01 $235,000 (7.1%) $273,413 (11.1%) 0.76 1,320
2019-11-01 $231,490 (5.3%) $268,360 (9.1%) 0.76 1,203
2019-12-01 $235,410 (8.3%) $267,752 (10.1%) 0.79 1,094
2020-01-01 $237,659 (8.9%) $267,065 (10.9%) 0.79 994
2020-02-01 $248,983 (13.2%) $274,477 (12.9%) 0.82 917
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 (13.8%) $292,167 (12.9%) 0.79 900
2020-06-01 $255,423 (11.1%) $289,737 (10.0%) 0.75 849
2020-07-01 $260,629 (9.2%) $304,904 (13.3%) 0.76 754
2020-08-01 $271,400 (13.8%) $307,605 (13.3%) 0.78 680
2020-09-01 $268,445 (13.5%) $309,658 (13.6%) 0.77 644
2020-10-01 $259,995 (10.6%) $305,693 (11.8%) 0.75 636
2020-11-01 $262,500 (13.4%) $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 $280,705 (4.8%) $308,093 (5.5%) 0.76 427
2021-05-01 $279,900 (7.7%) $304,129 (4.1%) 0.74 479
2021-06-01 $260,495 (2.0%) $294,889 (1.8%) 0.69 595
2021-07-01 $269,900 (3.6%) $300,589 (-1.4%) 0.71 634
2021-08-01 $263,765 (-2.8%) $298,617 (-2.9%) 0.70 654
2021-09-01 $264,000 (-1.7%) $303,367 (-2.0%) 0.70 640
2021-10-01 $264,900 (1.9%) $305,291 (-0.1%) 0.71 590
2021-11-01 $264,746 (0.9%) $304,550 (-2.0%) 0.71 561
2021-12-01 $278,332 (5.5%) $321,667 (1.9%) 0.75 484
2022-01-01 $306,520 (15.7%) $340,711 (7.6%) 0.83 414
2022-02-01 $312,995 (14.0%) $341,601 (6.8%) 0.81 416
2022-03-01 $322,490 (16.7%) $347,593 (12.4%) 0.81 444
2022-04-01 $324,900 (15.7%) $347,513 (12.8%) 0.77 449
2022-05-01 $326,945 (16.8%) $357,804 (17.7%) 0.75 521
2022-06-01 $323,160 (24.1%) $357,922 (21.4%) 0.72 570
2022-07-01 $319,000 (18.2%) $353,553 (17.6%) 0.72 618
2022-08-01 $324,900 (23.2%) $356,868 (19.5%) 0.75 606
2022-09-01 $329,200 (24.7%) $363,824 (19.9%) 0.77 597
2022-10-01 $340,000 (28.4%) $365,063 (19.6%) 0.80 598
2022-11-01 $339,900 (28.4%) $359,741 (18.1%) 0.82 585
2022-12-01 $345,000 (24.0%) $361,239 (12.3%) 0.85 565
2023-01-01 $348,625 (13.7%) $362,814 (6.5%) 0.86 525
2023-02-01 $358,650 (14.6%) $373,752 (9.4%) 0.87 479
2023-03-01 $355,720 (10.3%) $373,584 (7.5%) 0.84 468
2023-04-01 $342,805 (5.5%) $368,381 (6.0%) 0.80 449
2023-05-01 $349,900 (7.0%) $374,042 (4.5%) 0.79 484
2023-06-01 $348,975 (8.0%) $378,085 (5.6%) 0.78 511
2023-07-01 $332,245 (4.2%) $379,103 (7.2%) 0.76 566
2023-08-01 $337,495 (3.9%) $388,188 (8.8%) 0.78 604
2023-09-01 $329,995 (0.2%) $381,126 (4.8%) 0.77 656
2023-10-01 $322,450 (-5.2%) $374,134 (2.5%) 0.76 714
2023-11-01 $317,944 (-6.5%) $362,608 (0.8%) 0.76 742
2023-12-01 $316,206 (-8.4%) $357,030 (-1.2%) 0.77 684
2024-01-01 $324,990 (-6.8%) $370,567 (2.1%) 0.79 604
2024-02-01 $337,490 (-5.9%) $381,468 (2.1%) 0.81 526
2024-03-01 $339,900 (-4.5%) $392,169 (5.0%) 0.80 505
2024-04-01 $339,993 (-0.8%) $411,676 (11.8%) 0.79 523
2024-05-01 $369,454 (5.6%) $426,610 (14.1%) 0.84 540
York's median listing price for 2024-05-01 was $369,454, a difference of $19,554 (5.6%) versus the prior year and $29,461 versus the prior month.

York's median listing price comes in at 84% of the national average.

York's average listing price for 2024-05-01 was $426,610, a difference of $52,568 (14.1%) versus the prior year and $14,934 versus the prior month.

For the 2024-05-01 period, York had 540 MLS listings, a difference of 17 listings (3%) versus the prior month and 56 listings (12%) 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 85 days 1,837 sqft
2018-02-01 79 days 1,843 sqft
2018-03-01 60 days 1,846 sqft
2018-04-01 49 days 1,860 sqft
2018-05-01 44 days 1,872 sqft
2018-06-01 46 days 2,060 sqft
2018-07-01 52 days 2,017 sqft
2018-08-01 54 days 2,013 sqft
2018-09-01 57 days 2,000 sqft
2018-10-01 58 days 1,988 sqft
2018-11-01 58 days 1,949 sqft
2018-12-01 65 days 1,909 sqft
2019-01-01 75 days 1,873 sqft
2019-02-01 78 days 1,874 sqft
2019-03-01 63 days 1,892 sqft
2019-04-01 48 days 1,921 sqft
2019-05-01 44 days 1,960 sqft
2019-06-01 47 days 1,982 sqft
2019-07-01 47 days 2,025 sqft
2019-08-01 50 days 2,045 sqft
2019-09-01 54 days 2,040 sqft
2019-10-01 56 days 2,031 sqft
2019-11-01 61 days 1,996 sqft
2019-12-01 69 days 1,972 sqft
2020-01-01 70 days 1,959 sqft
2020-02-01 59 days 1,977 sqft
2020-03-01 42 days 2,030 sqft
2020-04-01 62 days 2,070 sqft
2020-05-01 67 days 2,072 sqft
2020-06-01 41 days 2,012 sqft
2020-07-01 40 days 2,053 sqft
2020-08-01 40 days 2,064 sqft
2020-09-01 37 days 1,996 sqft
2020-10-01 48 days 1,976 sqft
2020-11-01 51 days 1,950 sqft
2020-12-01 58 days 1,939 sqft
2021-01-01 66 days 1,920 sqft
2021-02-01 61 days 1,893 sqft
2021-03-01 42 days 1,905 sqft
2021-04-01 38 days 1,909 sqft
2021-05-01 37 days 1,909 sqft
2021-06-01 36 days 1,865 sqft
2021-07-01 38 days 1,870 sqft
2021-08-01 38 days 1,861 sqft
2021-09-01 45 days 1,846 sqft
2021-10-01 51 days 1,880 sqft
2021-11-01 45 days 1,844 sqft
2021-12-01 50 days 1,855 sqft
2022-01-01 49 days 1,902 sqft
2022-02-01 39 days 1,900 sqft
2022-03-01 38 days 1,920 sqft
2022-04-01 38 days 1,950 sqft
2022-05-01 35 days 1,944 sqft
2022-06-01 34 days 1,960 sqft
2022-07-01 37 days 1,983 sqft
2022-08-01 36 days 1,955 sqft
2022-09-01 44 days 2,001 sqft
2022-10-01 48 days 2,026 sqft
2022-11-01 51 days 2,009 sqft
2022-12-01 54 days 2,000 sqft
2023-01-01 61 days 2,001 sqft
2023-02-01 50 days 2,068 sqft
2023-03-01 43 days 2,024 sqft
2023-04-01 39 days 1,976 sqft
2023-05-01 33 days 2,009 sqft
2023-06-01 36 days 1,994 sqft
2023-07-01 35 days 1,958 sqft
2023-08-01 34 days 1,965 sqft
2023-09-01 37 days 1,967 sqft
2023-10-01 41 days 1,934 sqft
2023-11-01 40 days 1,922 sqft
2023-12-01 49 days 1,900 sqft
2024-01-01 59 days 1,914 sqft
2024-02-01 53 days 1,919 sqft
2024-03-01 40 days 1,924 sqft
2024-04-01 37 days 1,942 sqft
2024-05-01 28 days 2,036 sqft
York's median listing age (time on market) for 2024-05-01 was 28 days. This is -15% shorter than the same period one year ago.

York's median square footage for active listings during the 2024-05-01 period was 2,036 sqft. One year prior, the average listing was 2,009 sqft.