Auburn USDA Loan Rates, Closing Costs & Stats

Auburn, 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.

Auburn's 5 lenders originated 10 USDA loans during 2021. The total origination value was $1,550,000, with an average USDA loan value of $155,000.

Auburn USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Auburn averaged 6.49% for the week of 2022-12-02, compared to the national average (all USDA variants) of 6.437% for the same period.

Auburn's average USDA mortgage closing costs are $4,861.

The average rate for the prior week (2022-11-25) was 6.63% and one month ago for the week of 2022-10-28, the average rate was 6.8%.

The average rate one year ago was 3.59%.

For refis of the same type during the week of 2022-12-02, the average rate was 6.59%.

Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

Auburn 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 Auburn level.

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
PARAGON HOME LOANS INC. 4 2.97% $5,203
PLAZA HOME MORTGAGE, INC. 3 2.91% $7,488
Genesee Regional Bank 1 3.25% $5,724
HOMESTEAD FUNDING CORP. 1 3.25% $1,074
Pathfinder Bank 1 3.00% $3,568

The top Auburn USDA lender as defined by loan originations is PARAGON HOME LOANS INC., with 4 USDA loans originated. Their average total fees are $5,203, which is $2,285 lower than the next largest lender, PLAZA HOME MORTGAGE, INC..

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

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


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Auburn (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 $131,150 (-3.1%) $202,545 (1.5%) 0.00 254
2018-02-01 $139,450 (-0.3%) $219,511 (10.4%) 0.00 251
2018-03-01 $139,950 (-1.3%) $218,034 (3.2%) 0.00 235
2018-04-01 $147,950 (-0.7%) $221,369 (2.1%) 0.00 248
2018-05-01 $158,250 (4.7%) $223,978 (0.1%) 0.00 254
2018-06-01 $175,000 (9.8%) $238,912 (5.7%) 0.00 291
2018-07-01 $179,900 (10.2%) $243,649 (-3.2%) 0.00 313
2018-08-01 $179,900 (10.8%) $249,567 (0.8%) 0.00 303
2018-09-01 $172,500 (7.9%) $249,246 (1.0%) 0.00 295
2018-10-01 $173,625 (15.8%) $251,030 (5.2%) 0.00 295
2018-11-01 $173,375 (15.9%) $257,473 (6.9%) 0.00 279
2018-12-01 $169,000 (20.7%) $258,264 (16.3%) 0.00 253
2019-01-01 $159,950 (22.0%) $248,429 (22.7%) 0.00 213
2019-02-01 $160,700 (15.2%) $255,646 (16.5%) 0.00 197
2019-03-01 $178,471 (27.5%) $270,037 (23.9%) 0.00 205
2019-04-01 $192,400 (30.0%) $283,658 (28.1%) 0.00 224
2019-05-01 $194,650 (23.0%) $275,471 (23.0%) 0.00 249
2019-06-01 $189,900 (8.5%) $273,215 (14.4%) 0.00 279
2019-07-01 $202,688 (12.7%) $283,279 (16.3%) 0.00 276
2019-08-01 $202,591 (12.6%) $285,068 (14.2%) 0.00 271
2019-09-01 $198,265 (14.9%) $285,958 (14.7%) 0.00 262
2019-10-01 $194,900 (12.3%) $283,381 (12.9%) 0.00 253
2019-11-01 $179,450 (3.5%) $272,041 (5.7%) 0.00 246
2019-12-01 $169,900 (0.5%) $256,487 (-0.7%) 0.00 221
2020-01-01 $165,750 (3.6%) $256,247 (3.2%) 0.00 193
2020-02-01 $174,900 (8.8%) $251,172 (-1.8%) 0.00 189
2020-03-01 $179,900 (0.8%) $260,687 (-3.5%) 0.00 172
2020-04-01 $179,300 (-6.8%) $261,363 (-7.9%) 0.00 160
2020-05-01 $189,900 (-2.4%) $278,846 (1.2%) 0.00 163
2020-06-01 $214,900 (13.2%) $294,596 (7.8%) 0.00 180
2020-07-01 $216,950 (7.0%) $297,759 (5.1%) 0.00 182
2020-08-01 $219,900 (8.5%) $295,030 (3.5%) 0.00 152
2020-09-01 $189,425 (-4.5%) $281,060 (-1.7%) 0.00 150
2020-10-01 $182,400 (-6.4%) $302,198 (6.6%) 0.00 145
2020-11-01 $179,875 (0.2%) $301,615 (10.9%) 0.00 128
2020-12-01 $154,325 (-9.2%) $284,822 (11.1%) 0.00 128
2021-01-01 $164,900 (-0.5%) $299,487 (16.9%) 0.00 98
2021-02-01 $153,425 (-12.3%) $317,710 (26.5%) 0.00 85
2021-03-01 $174,900 (-2.8%) $344,293 (32.1%) 0.00 83
2021-04-01 $215,000 (19.9%) $348,957 (33.5%) 0.00 84
2021-05-01 $209,450 (10.3%) $332,447 (19.2%) 0.00 94
2021-06-01 $199,000 (-7.4%) $322,221 (9.4%) 0.00 103
2021-07-01 $195,000 (-10.1%) $302,056 (1.4%) 0.00 123
2021-08-01 $233,425 (6.2%) $328,312 (11.3%) 0.00 105
2021-09-01 $219,675 (16.0%) $326,225 (16.1%) 0.00 114
2021-10-01 $224,900 (23.3%) $330,706 (9.4%) 0.00 116
2021-11-01 $212,400 (18.1%) $295,342 (-2.1%) 0.00 89
2021-12-01 $196,564 (27.4%) $259,112 (-9.0%) 0.00 83
2022-01-01 $179,900 (9.1%) $265,142 (-11.5%) 0.00 76
2022-02-01 $158,650 (3.4%) $254,559 (-19.9%) 0.00 66
2022-03-01 $165,000 (-5.7%) $230,809 (-33.0%) 0.00 59
2022-04-01 $192,400 (-10.5%) $259,944 (-25.5%) 0.00 78
2022-05-01 $203,450 (-2.9%) $301,881 (-9.2%) 0.00 92
2022-06-01 $214,425 (7.8%) $315,709 (-2.0%) 0.00 96
2022-07-01 $200,000 (2.6%) $314,616 (4.2%) 0.00 117
2022-08-01 $216,675 (-7.2%) $331,453 (1.0%) 0.00 126
2022-09-01 $189,950 (-13.5%) $323,406 (-0.9%) 0.00 128
2022-10-01 $189,700 (-15.7%) $330,306 (-0.1%) 0.00 124
2022-11-01 $192,450 (-9.4%) $339,025 (14.8%) 0.00 110
Auburn's median listing price for 2022-11-01 was $192,450, a difference of $-19,950 (-9.4%) versus the prior year and $2,750 versus the prior month.

Auburn's median listing price comes in at 0% of the national average.

Auburn's average listing price for 2022-11-01 was $339,025, a difference of $43,683 (14.8%) versus the prior year and $8,719 versus the prior month.

For the 2022-11-01 period, Auburn had 110 MLS listings, a difference of -14 listings (-11%) versus the prior month and 21 listings (24%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Auburn (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,717 sqft
2018-02-01 0 days 1,686 sqft
2018-03-01 0 days 1,723 sqft
2018-04-01 0 days 1,723 sqft
2018-05-01 0 days 1,719 sqft
2018-06-01 0 days 1,700 sqft
2018-07-01 0 days 1,725 sqft
2018-08-01 0 days 1,704 sqft
2018-09-01 0 days 1,680 sqft
2018-10-01 0 days 1,663 sqft
2018-11-01 0 days 1,693 sqft
2018-12-01 0 days 1,716 sqft
2019-01-01 0 days 1,680 sqft
2019-02-01 0 days 1,691 sqft
2019-03-01 0 days 1,778 sqft
2019-04-01 0 days 1,842 sqft
2019-05-01 0 days 1,749 sqft
2019-06-01 0 days 1,702 sqft
2019-07-01 0 days 1,695 sqft
2019-08-01 0 days 1,744 sqft
2019-09-01 0 days 1,791 sqft
2019-10-01 0 days 1,813 sqft
2019-11-01 0 days 1,800 sqft
2019-12-01 0 days 1,744 sqft
2020-01-01 0 days 1,786 sqft
2020-02-01 0 days 1,763 sqft
2020-03-01 0 days 1,780 sqft
2020-04-01 0 days 1,746 sqft
2020-05-01 0 days 1,829 sqft
2020-06-01 0 days 1,853 sqft
2020-07-01 0 days 1,817 sqft
2020-08-01 0 days 1,855 sqft
2020-09-01 0 days 1,864 sqft
2020-10-01 0 days 1,878 sqft
2020-11-01 0 days 1,785 sqft
2020-12-01 0 days 1,662 sqft
2021-01-01 0 days 1,640 sqft
2021-02-01 0 days 1,654 sqft
2021-03-01 0 days 1,693 sqft
2021-04-01 0 days 1,724 sqft
2021-05-01 0 days 1,716 sqft
2021-06-01 0 days 1,784 sqft
2021-07-01 0 days 1,828 sqft
2021-08-01 0 days 1,883 sqft
2021-09-01 0 days 1,746 sqft
2021-10-01 0 days 1,772 sqft
2021-11-01 0 days 1,777 sqft
2021-12-01 0 days 1,696 sqft
2022-01-01 0 days 1,694 sqft
2022-02-01 0 days 1,678 sqft
2022-03-01 0 days 1,736 sqft
2022-04-01 0 days 1,800 sqft
2022-05-01 0 days 1,783 sqft
2022-06-01 0 days 1,860 sqft
2022-07-01 0 days 1,702 sqft
2022-08-01 0 days 1,833 sqft
2022-09-01 0 days 1,778 sqft
2022-10-01 0 days 1,844 sqft
2022-11-01 0 days 1,881 sqft
Auburn's median listing age (time on market) for 2022-11-01 was 0 days.

Auburn's median square footage for active listings during the 2022-11-01 period was 1,881 sqft. One year prior, the average listing was 1,777 sqft.