York USDA Loans

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 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.