Amsterdam USDA Loan Rates, Closing Costs & Stats
Amsterdam, NY
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.
Amsterdam's 4 lenders originated 7 USDA loans during 2023. The total origination value was $1,045,000, with an average USDA loan value of $149,286.
Amsterdam USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Amsterdam
averaged
7.01%
for the week of 2024-04-19, compared to the national average (all USDA variants) of
6.863% for the same period.
Amsterdam's average USDA mortgage closing costs are $3,751.
The average rate for the prior week (2024-04-12) was
6.67% and
one month ago for the week of 2024-03-15, the
average rate was 6.65%.
The average rate one year ago was 6.19%.
For refis of the same type during the week of 2024-04-19, the average rate
was 7.06%.
Amsterdam 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 Amsterdam level.
| Name | # of Loans | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
|---|---|---|---|
| HOMESTEAD FUNDING CORP. | 4 | 6.38% | $2,594 |
| Flagstar Bank, FSB | 1 | 6.75% | $3,825 |
| NEWREZ LLC | 1 | 6.75% | $4,073 |
| UNITED WHOLESALE MORTGAGE, LLC | 1 | 7.13% | $5,025 |
The top Amsterdam USDA lender as defined by loan originations is HOMESTEAD FUNDING CORP., with
4 USDA loans originated. Their average total fees are
$2,594, which is $1,230
lower than the next largest lender,
Flagstar Bank, FSB.
The lowest fee Amsterdam USDA lenders (with over 10 loans originated) are
.
The lowest rate Amsterdam USDA lenders (with over 10 loans originated) are
.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Amsterdam (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 | $129,450 (29.5%) | $152,946 (14.1%) | 0.00 | 171 |
| 2018-02-01 | $134,900 (42.8%) | $156,600 (21.6%) | 0.00 | 163 |
| 2018-03-01 | $134,950 (40.9%) | $158,429 (27.2%) | 0.00 | 169 |
| 2018-04-01 | $135,000 (22.8%) | $163,344 (25.9%) | 0.00 | 170 |
| 2018-05-01 | $137,000 (28.2%) | $175,154 (28.6%) | 0.00 | 179 |
| 2018-06-01 | $135,000 (24.1%) | $176,009 (28.1%) | 0.00 | 188 |
| 2018-07-01 | $129,950 (8.3%) | $172,473 (20.4%) | 0.00 | 182 |
| 2018-08-01 | $129,925 (8.8%) | $174,243 (21.4%) | 0.00 | 177 |
| 2018-09-01 | $126,500 (5.9%) | $174,366 (19.3%) | 0.00 | 182 |
| 2018-10-01 | $129,700 (4.5%) | $176,169 (17.6%) | 0.00 | 191 |
| 2018-11-01 | $129,975 (1.5%) | $176,226 (17.9%) | 0.00 | 178 |
| 2018-12-01 | $124,950 (0.0%) | $172,505 (16.4%) | 0.00 | 168 |
| 2019-01-01 | $122,900 (-5.1%) | $172,660 (12.9%) | 0.00 | 160 |
| 2019-02-01 | $128,425 (-4.8%) | $172,905 (10.4%) | 0.00 | 150 |
| 2019-03-01 | $127,806 (-5.3%) | $174,053 (9.9%) | 0.00 | 145 |
| 2019-04-01 | $125,782 (-6.8%) | $172,476 (5.6%) | 0.00 | 143 |
| 2019-05-01 | $132,400 (-3.4%) | $180,089 (2.8%) | 0.00 | 156 |
| 2019-06-01 | $144,900 (7.3%) | $185,429 (5.4%) | 0.00 | 176 |
| 2019-07-01 | $137,450 (5.8%) | $185,139 (7.3%) | 0.00 | 188 |
| 2019-08-01 | $141,336 (8.8%) | $181,514 (4.2%) | 0.00 | 188 |
| 2019-09-01 | $143,341 (13.3%) | $176,765 (1.4%) | 0.00 | 189 |
| 2019-10-01 | $146,700 (13.1%) | $182,712 (3.7%) | 0.00 | 190 |
| 2019-11-01 | $139,900 (7.6%) | $184,342 (4.6%) | 0.00 | 186 |
| 2019-12-01 | $132,400 (6.0%) | $180,119 (4.4%) | 0.00 | 183 |
| 2020-01-01 | $124,900 (1.6%) | $181,974 (5.4%) | 0.00 | 166 |
| 2020-02-01 | $124,900 (-2.7%) | $183,232 (6.0%) | 0.00 | 162 |
| 2020-03-01 | $127,400 (-0.3%) | $182,810 (5.0%) | 0.00 | 170 |
| 2020-04-01 | $132,425 (5.3%) | $184,123 (6.8%) | 0.00 | 170 |
| 2020-05-01 | $129,900 (-1.9%) | $189,857 (5.4%) | 0.00 | 158 |
| 2020-06-01 | $135,000 (-6.8%) | $193,470 (4.3%) | 0.00 | 143 |
| 2020-07-01 | $146,000 (6.2%) | $206,477 (11.5%) | 0.00 | 134 |
| 2020-08-01 | $152,450 (7.9%) | $211,717 (16.6%) | 0.00 | 135 |
| 2020-09-01 | $149,563 (4.3%) | $205,045 (16.0%) | 0.00 | 139 |
| 2020-10-01 | $140,000 (-4.6%) | $184,750 (1.1%) | 0.00 | 126 |
| 2020-11-01 | $140,350 (0.3%) | $181,759 (-1.4%) | 0.00 | 122 |
| 2020-12-01 | $155,338 (17.3%) | $197,504 (9.7%) | 0.00 | 105 |
| 2021-01-01 | $159,000 (27.3%) | $211,939 (16.5%) | 0.00 | 92 |
| 2021-02-01 | $171,475 (37.3%) | $232,513 (26.9%) | 0.00 | 75 |
| 2021-03-01 | $173,200 (36.0%) | $219,822 (20.3%) | 0.00 | 62 |
| 2021-04-01 | $187,375 (41.5%) | $265,132 (44.0%) | 0.00 | 58 |
| 2021-05-01 | $177,400 (36.6%) | $249,309 (31.3%) | 0.00 | 58 |
| 2021-06-01 | $163,500 (21.1%) | $243,932 (26.1%) | 0.00 | 74 |
| 2021-07-01 | $159,950 (9.6%) | $236,150 (14.4%) | 0.00 | 85 |
| 2021-08-01 | $184,975 (21.3%) | $252,401 (19.2%) | 0.00 | 94 |
| 2021-09-01 | $185,325 (23.9%) | $264,775 (29.1%) | 0.00 | 90 |
| 2021-10-01 | $178,500 (27.5%) | $242,955 (31.5%) | 0.00 | 96 |
| 2021-11-01 | $186,000 (32.5%) | $258,038 (42.0%) | 0.00 | 88 |
| 2021-12-01 | $213,100 (37.2%) | $272,284 (37.9%) | 0.00 | 79 |
| 2022-01-01 | $187,000 (17.6%) | $269,292 (27.1%) | 0.00 | 75 |
| 2022-02-01 | $188,450 (9.9%) | $267,557 (15.1%) | 0.00 | 57 |
| 2022-03-01 | $207,425 (19.8%) | $285,862 (30.0%) | 0.00 | 63 |
| 2022-04-01 | $212,450 (13.4%) | $302,179 (14.0%) | 0.00 | 53 |
| 2022-05-01 | $184,000 (3.7%) | $268,940 (7.9%) | 0.00 | 62 |
| 2022-06-01 | $204,875 (25.3%) | $256,497 (5.2%) | 0.00 | 73 |
| 2022-07-01 | $202,250 (26.5%) | $255,077 (8.0%) | 0.00 | 78 |
| 2022-08-01 | $225,725 (22.0%) | $261,404 (3.6%) | 0.00 | 77 |
| 2022-09-01 | $221,950 (19.8%) | $266,773 (0.8%) | 0.00 | 78 |
| 2022-10-01 | $209,450 (17.3%) | $260,992 (7.4%) | 0.00 | 90 |
| 2022-11-01 | $191,875 (3.2%) | $246,186 (-4.6%) | 0.00 | 93 |
| 2022-12-01 | $193,950 (-9.0%) | $245,475 (-9.9%) | 0.00 | 90 |
| 2023-01-01 | $189,450 (1.3%) | $247,971 (-7.9%) | 0.00 | 90 |
| 2023-02-01 | $193,450 (2.7%) | $254,874 (-4.7%) | 0.00 | 82 |
| 2023-03-01 | $239,450 (15.4%) | $267,385 (-6.5%) | 0.00 | 72 |
| 2023-04-01 | $239,000 (12.5%) | $265,632 (-12.1%) | 0.00 | 69 |
| 2023-05-01 | $234,225 (27.3%) | $263,571 (-2.0%) | 0.00 | 78 |
| 2023-06-01 | $222,450 (8.6%) | $243,015 (-5.3%) | 0.00 | 80 |
| 2023-07-01 | $214,450 (6.0%) | $238,192 (-6.6%) | 0.00 | 77 |
| 2023-08-01 | $214,450 (-5.0%) | $239,571 (-8.4%) | 0.00 | 74 |
| 2023-09-01 | $192,450 (-13.3%) | $235,753 (-11.6%) | 0.00 | 83 |
| 2023-10-01 | $185,975 (-11.2%) | $224,315 (-14.1%) | 0.00 | 92 |
| 2023-11-01 | $186,700 (-2.7%) | $223,639 (-9.2%) | 0.00 | 91 |
| 2023-12-01 | $187,000 (-3.6%) | $222,751 (-9.3%) | 0.00 | 85 |
| 2024-01-01 | $181,500 (-4.2%) | $220,278 (-11.2%) | 0.00 | 74 |
| 2024-02-01 | $178,500 (-7.7%) | $217,784 (-14.6%) | 0.00 | 66 |
| 2024-03-01 | $169,950 (-29.0%) | $218,377 (-18.3%) | 0.00 | 61 |
Amsterdam's median listing price comes in at 0% of the national average.
Amsterdam's average listing price for 2024-03-01 was $218,377, a difference of $-49,008 (-18.3%) versus the prior year and $593 versus the prior month.
For the 2024-03-01 period, Amsterdam had 61 MLS listings, a difference of -5 listings (-8%) versus the prior month and -11 listings (-15%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Amsterdam (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 0 days | 1,750 sqft |
| 2018-02-01 | 0 days | 1,756 sqft |
| 2018-03-01 | 0 days | 1,800 sqft |
| 2018-04-01 | 0 days | 1,834 sqft |
| 2018-05-01 | 0 days | 1,815 sqft |
| 2018-06-01 | 0 days | 1,800 sqft |
| 2018-07-01 | 0 days | 1,752 sqft |
| 2018-08-01 | 0 days | 1,744 sqft |
| 2018-09-01 | 0 days | 1,766 sqft |
| 2018-10-01 | 0 days | 1,774 sqft |
| 2018-11-01 | 0 days | 1,835 sqft |
| 2018-12-01 | 0 days | 1,815 sqft |
| 2019-01-01 | 0 days | 1,725 sqft |
| 2019-02-01 | 0 days | 1,736 sqft |
| 2019-03-01 | 0 days | 1,719 sqft |
| 2019-04-01 | 0 days | 1,701 sqft |
| 2019-05-01 | 0 days | 1,824 sqft |
| 2019-06-01 | 0 days | 1,728 sqft |
| 2019-07-01 | 0 days | 1,665 sqft |
| 2019-08-01 | 0 days | 1,720 sqft |
| 2019-09-01 | 0 days | 1,709 sqft |
| 2019-10-01 | 0 days | 1,715 sqft |
| 2019-11-01 | 0 days | 1,730 sqft |
| 2019-12-01 | 0 days | 1,696 sqft |
| 2020-01-01 | 0 days | 1,675 sqft |
| 2020-02-01 | 0 days | 1,680 sqft |
| 2020-03-01 | 0 days | 1,694 sqft |
| 2020-04-01 | 0 days | 1,694 sqft |
| 2020-05-01 | 0 days | 1,696 sqft |
| 2020-06-01 | 0 days | 1,750 sqft |
| 2020-07-01 | 0 days | 1,795 sqft |
| 2020-08-01 | 0 days | 1,848 sqft |
| 2020-09-01 | 0 days | 1,775 sqft |
| 2020-10-01 | 0 days | 1,732 sqft |
| 2020-11-01 | 0 days | 1,700 sqft |
| 2020-12-01 | 0 days | 1,649 sqft |
| 2021-01-01 | 0 days | 1,690 sqft |
| 2021-02-01 | 0 days | 1,678 sqft |
| 2021-03-01 | 0 days | 1,644 sqft |
| 2021-04-01 | 0 days | 1,821 sqft |
| 2021-05-01 | 0 days | 1,912 sqft |
| 2021-06-01 | 0 days | 1,746 sqft |
| 2021-07-01 | 0 days | 1,736 sqft |
| 2021-08-01 | 0 days | 1,794 sqft |
| 2021-09-01 | 0 days | 1,847 sqft |
| 2021-10-01 | 0 days | 1,830 sqft |
| 2021-11-01 | 0 days | 1,832 sqft |
| 2021-12-01 | 0 days | 1,905 sqft |
| 2022-01-01 | 0 days | 2,000 sqft |
| 2022-02-01 | 0 days | 1,851 sqft |
| 2022-03-01 | 0 days | 1,911 sqft |
| 2022-04-01 | 0 days | 1,901 sqft |
| 2022-05-01 | 0 days | 1,867 sqft |
| 2022-06-01 | 0 days | 1,801 sqft |
| 2022-07-01 | 0 days | 1,855 sqft |
| 2022-08-01 | 0 days | 1,857 sqft |
| 2022-09-01 | 0 days | 1,677 sqft |
| 2022-10-01 | 0 days | 1,674 sqft |
| 2022-11-01 | 0 days | 1,660 sqft |
| 2022-12-01 | 0 days | 1,815 sqft |
| 2023-01-01 | 0 days | 1,922 sqft |
| 2023-02-01 | 0 days | 1,943 sqft |
| 2023-03-01 | 0 days | 1,939 sqft |
| 2023-04-01 | 0 days | 1,924 sqft |
| 2023-05-01 | 0 days | 1,835 sqft |
| 2023-06-01 | 0 days | 1,802 sqft |
| 2023-07-01 | 0 days | 1,743 sqft |
| 2023-08-01 | 0 days | 1,661 sqft |
| 2023-09-01 | 0 days | 1,628 sqft |
| 2023-10-01 | 0 days | 1,588 sqft |
| 2023-11-01 | 0 days | 1,605 sqft |
| 2023-12-01 | 0 days | 1,600 sqft |
| 2024-01-01 | 0 days | 1,603 sqft |
| 2024-02-01 | 0 days | 1,625 sqft |
| 2024-03-01 | 0 days | 1,512 sqft |
Amsterdam's median square footage for active listings during the 2024-03-01 period was 1,512 sqft. One year prior, the average listing was 1,939 sqft.