Bangor USDA Loan Rates, Closing Costs & Stats
BANGOR, ME
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.
Bangor's 12 lenders originated 42 USDA loans during 2023. The total origination value was $8,510,000, with an average USDA loan value of $202,619.
Bangor USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Bangor
averaged
6.41%
for the week of 2024-12-13, compared to the national average (all USDA variants) of
6.303% for the same period.
Bangor's average USDA mortgage closing costs are $4,557.
The average rate for the prior week (2024-12-06) was
6.15% and
one month ago for the week of 2024-11-08, the
average rate was 6.37%.
The average rate one year ago was 7.03%.
For refis of the same type during the week of 2024-12-13, the average rate
was 6.5%.
Bangor 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 Bangor level.
| Name | # of Loans | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
|---|---|---|---|
| Bangor Savings Bank | 11 | 5.51% | $5,615 |
| CUSO MORTGAGE CORPORATION | 5 | 5.68% | $5,555 |
| LEADERONE FINANCIAL CORPORATION | 4 | 6.81% | $6,453 |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | 3 | 5.50% | $5,912 |
| The Camden National Bank | 2 | 5.73% | $5,149 |
| BROKER SOLUTIONS, INC. | 2 | 6.38% | $9,221 |
| GUILD MORTGAGE COMPANY | 1 | 5.50% | $5,387 |
| EMBRACE HOME LOANS, INC. | 1 | 6.75% | $6,650 |
| LOANDEPOT.COM, LLC | 1 | 7.25% | $7,881 |
| Machias Savings Bank | 1 | 5.45% | $4,646 |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | 1 | 6.75% | $6,816 |
| CROSSCOUNTRY MORTGAGE, LLC | 1 | 5.50% | $5,906 |
The top Bangor USDA lender as defined by loan originations is Bangor Savings Bank, with
11 USDA loans originated. Their average total fees are
$5,615, which is $60
higher than the next largest lender,
CUSO MORTGAGE CORPORATION.
The lowest fee Bangor USDA lenders (with over 10 loans originated) are
Bangor Savings Bank ($5,615), .
The lowest rate Bangor USDA lenders (with over 10 loans originated) are
Bangor Savings Bank (5.51%), .
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Bangor (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 | $148,000 (-0.7%) | $181,180 (-3.2%) | 0.55 | 789 |
| 2018-02-01 | $144,850 (-3.3%) | $182,807 (-2.9%) | 0.53 | 723 |
| 2018-03-01 | $149,250 (-1.8%) | $188,936 (-1.2%) | 0.52 | 712 |
| 2018-04-01 | $149,900 (-5.7%) | $191,298 (-2.3%) | 0.51 | 727 |
| 2018-05-01 | $159,000 (-0.6%) | $197,646 (2.2%) | 0.53 | 761 |
| 2018-06-01 | $164,000 (2.6%) | $202,033 (4.5%) | 0.55 | 816 |
| 2018-07-01 | $169,000 (6.3%) | $208,976 (10.1%) | 0.56 | 903 |
| 2018-08-01 | $166,722 (9.3%) | $205,057 (9.0%) | 0.56 | 913 |
| 2018-09-01 | $168,000 (8.5%) | $198,264 (3.5%) | 0.56 | 883 |
| 2018-10-01 | $159,900 (3.2%) | $191,212 (-0.7%) | 0.54 | 892 |
| 2018-11-01 | $159,900 (6.7%) | $190,366 (0.3%) | 0.54 | 848 |
| 2018-12-01 | $157,500 (5.4%) | $185,087 (-1.0%) | 0.54 | 773 |
| 2019-01-01 | $154,900 (4.7%) | $182,611 (0.8%) | 0.54 | 712 |
| 2019-02-01 | $159,450 (10.1%) | $188,379 (3.1%) | 0.54 | 686 |
| 2019-03-01 | $162,043 (8.6%) | $194,815 (3.1%) | 0.53 | 653 |
| 2019-04-01 | $165,575 (10.5%) | $199,614 (4.4%) | 0.53 | 628 |
| 2019-05-01 | $165,000 (3.8%) | $203,114 (2.8%) | 0.52 | 680 |
| 2019-06-01 | $169,000 (3.1%) | $207,206 (2.6%) | 0.53 | 751 |
| 2019-07-01 | $169,900 (0.5%) | $207,426 (-0.7%) | 0.53 | 815 |
| 2019-08-01 | $169,900 (1.9%) | $206,617 (0.8%) | 0.54 | 812 |
| 2019-09-01 | $169,900 (1.1%) | $209,651 (5.7%) | 0.54 | 766 |
| 2019-10-01 | $169,900 (6.3%) | $212,039 (10.9%) | 0.55 | 731 |
| 2019-11-01 | $169,900 (6.3%) | $208,443 (9.5%) | 0.56 | 682 |
| 2019-12-01 | $165,000 (4.8%) | $207,664 (12.2%) | 0.55 | 624 |
| 2020-01-01 | $165,000 (6.5%) | $209,794 (14.9%) | 0.55 | 565 |
| 2020-02-01 | $165,000 (3.5%) | $209,883 (11.4%) | 0.54 | 541 |
| 2020-03-01 | $166,475 (2.7%) | $212,764 (9.2%) | 0.52 | 527 |
| 2020-04-01 | $165,600 (0.0%) | $205,152 (2.8%) | 0.52 | 512 |
| 2020-05-01 | $179,900 (9.0%) | $215,016 (5.9%) | 0.55 | 480 |
| 2020-06-01 | $177,425 (5.0%) | $217,170 (4.8%) | 0.52 | 451 |
| 2020-07-01 | $192,000 (13.0%) | $226,109 (9.0%) | 0.56 | 436 |
| 2020-08-01 | $184,450 (8.6%) | $223,009 (7.9%) | 0.53 | 396 |
| 2020-09-01 | $182,700 (7.5%) | $219,146 (4.5%) | 0.52 | 396 |
| 2020-10-01 | $174,950 (3.0%) | $217,465 (2.6%) | 0.50 | 371 |
| 2020-11-01 | $179,900 (5.9%) | $225,636 (8.3%) | 0.53 | 360 |
| 2020-12-01 | $189,225 (14.7%) | $232,910 (12.2%) | 0.56 | 325 |
| 2021-01-01 | $185,250 (12.3%) | $235,518 (12.3%) | 0.55 | 269 |
| 2021-02-01 | $204,000 (23.6%) | $245,362 (16.9%) | 0.59 | 206 |
| 2021-03-01 | $217,175 (30.5%) | $255,297 (20.0%) | 0.62 | 185 |
| 2021-04-01 | $219,250 (32.4%) | $263,925 (28.7%) | 0.59 | 185 |
| 2021-05-01 | $229,000 (27.3%) | $269,771 (25.5%) | 0.61 | 225 |
| 2021-06-01 | $238,700 (34.5%) | $280,498 (29.2%) | 0.63 | 275 |
| 2021-07-01 | $234,900 (22.3%) | $286,166 (26.6%) | 0.62 | 320 |
| 2021-08-01 | $227,450 (23.3%) | $273,909 (22.8%) | 0.61 | 377 |
| 2021-09-01 | $229,900 (25.8%) | $273,210 (24.7%) | 0.61 | 377 |
| 2021-10-01 | $219,900 (25.7%) | $263,683 (21.3%) | 0.59 | 332 |
| 2021-11-01 | $219,000 (21.7%) | $266,541 (18.1%) | 0.59 | 309 |
| 2021-12-01 | $199,975 (5.7%) | $265,428 (14.0%) | 0.54 | 259 |
| 2022-01-01 | $199,500 (7.7%) | $278,439 (18.2%) | 0.54 | 185 |
| 2022-02-01 | $199,975 (-2.0%) | $282,487 (15.1%) | 0.52 | 175 |
| 2022-03-01 | $224,950 (3.6%) | $281,311 (10.2%) | 0.56 | 179 |
| 2022-04-01 | $239,450 (9.2%) | $273,186 (3.5%) | 0.57 | 181 |
| 2022-05-01 | $245,500 (7.2%) | $276,661 (2.6%) | 0.56 | 225 |
| 2022-06-01 | $249,500 (4.5%) | $298,761 (6.5%) | 0.56 | 306 |
| 2022-07-01 | $248,700 (5.9%) | $319,201 (11.5%) | 0.56 | 339 |
| 2022-08-01 | $234,950 (3.3%) | $312,661 (14.2%) | 0.54 | 357 |
| 2022-09-01 | $244,450 (6.3%) | $321,540 (17.7%) | 0.57 | 336 |
| 2022-10-01 | $249,000 (13.2%) | $314,750 (19.4%) | 0.59 | 327 |
| 2022-11-01 | $242,250 (10.6%) | $303,641 (13.9%) | 0.58 | 305 |
| 2022-12-01 | $232,450 (16.2%) | $300,355 (13.2%) | 0.57 | 258 |
| 2023-01-01 | $229,900 (15.2%) | $302,589 (8.7%) | 0.57 | 223 |
| 2023-02-01 | $243,350 (21.7%) | $316,042 (11.9%) | 0.59 | 199 |
| 2023-03-01 | $249,500 (10.9%) | $324,152 (15.2%) | 0.59 | 177 |
| 2023-04-01 | $265,000 (10.7%) | $341,580 (25.0%) | 0.62 | 167 |
| 2023-05-01 | $275,750 (12.3%) | $345,852 (25.0%) | 0.63 | 182 |
| 2023-06-01 | $287,000 (15.0%) | $339,285 (13.6%) | 0.64 | 223 |
| 2023-07-01 | $299,000 (20.2%) | $378,308 (18.5%) | 0.68 | 273 |
| 2023-08-01 | $297,000 (26.4%) | $377,006 (20.6%) | 0.68 | 294 |
| 2023-09-01 | $285,000 (16.6%) | $365,000 (13.5%) | 0.66 | 305 |
| 2023-10-01 | $289,925 (16.4%) | $365,269 (16.1%) | 0.68 | 308 |
| 2023-11-01 | $293,950 (21.3%) | $352,808 (16.2%) | 0.70 | 314 |
| 2023-12-01 | $274,950 (18.3%) | $343,521 (14.4%) | 0.67 | 307 |
| 2024-01-01 | $278,500 (21.1%) | $340,811 (12.6%) | 0.68 | 271 |
| 2024-02-01 | $279,725 (15.0%) | $353,584 (11.9%) | 0.67 | 219 |
| 2024-03-01 | $289,561 (16.1%) | $360,059 (11.1%) | 0.68 | 233 |
| 2024-04-01 | $297,500 (12.3%) | $364,511 (6.7%) | 0.69 | 264 |
| 2024-05-01 | $298,000 (8.1%) | $367,725 (6.3%) | 0.67 | 293 |
| 2024-06-01 | $299,900 (4.5%) | $369,240 (8.8%) | 0.67 | 360 |
| 2024-07-01 | $306,225 (2.4%) | $345,141 (-8.8%) | 0.70 | 393 |
| 2024-08-01 | $299,900 (1.0%) | $355,453 (-5.7%) | 0.70 | 426 |
| 2024-09-01 | $299,000 (4.9%) | $349,152 (-4.3%) | 0.70 | 459 |
| 2024-10-01 | $299,056 (3.2%) | $342,470 (-6.2%) | 0.70 | 473 |
| 2024-11-01 | $299,900 (2.0%) | $346,328 (-1.8%) | 0.72 | 475 |
Bangor's median listing price comes in at 72% of the national average.
Bangor's average listing price for 2024-11-01 was $346,328, a difference of $-6,480 (-1.8%) versus the prior year and $3,858 versus the prior month.
For the 2024-11-01 period, Bangor had 475 MLS listings, a difference of 2 listings (0%) versus the prior month and 161 listings (51%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Bangor (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 137 days | 1,587 sqft |
| 2018-02-01 | 147 days | 1,587 sqft |
| 2018-03-01 | 144 days | 1,586 sqft |
| 2018-04-01 | 129 days | 1,580 sqft |
| 2018-05-01 | 76 days | 1,600 sqft |
| 2018-06-01 | 59 days | 1,604 sqft |
| 2018-07-01 | 63 days | 1,637 sqft |
| 2018-08-01 | 69 days | 1,626 sqft |
| 2018-09-01 | 78 days | 1,624 sqft |
| 2018-10-01 | 84 days | 1,600 sqft |
| 2018-11-01 | 89 days | 1,600 sqft |
| 2018-12-01 | 105 days | 1,600 sqft |
| 2019-01-01 | 116 days | 1,586 sqft |
| 2019-02-01 | 124 days | 1,600 sqft |
| 2019-03-01 | 118 days | 1,613 sqft |
| 2019-04-01 | 98 days | 1,628 sqft |
| 2019-05-01 | 65 days | 1,623 sqft |
| 2019-06-01 | 50 days | 1,627 sqft |
| 2019-07-01 | 57 days | 1,600 sqft |
| 2019-08-01 | 65 days | 1,600 sqft |
| 2019-09-01 | 75 days | 1,600 sqft |
| 2019-10-01 | 85 days | 1,600 sqft |
| 2019-11-01 | 95 days | 1,624 sqft |
| 2019-12-01 | 99 days | 1,632 sqft |
| 2020-01-01 | 110 days | 1,600 sqft |
| 2020-02-01 | 110 days | 1,600 sqft |
| 2020-03-01 | 114 days | 1,593 sqft |
| 2020-04-01 | 109 days | 1,591 sqft |
| 2020-05-01 | 88 days | 1,627 sqft |
| 2020-06-01 | 66 days | 1,623 sqft |
| 2020-07-01 | 51 days | 1,658 sqft |
| 2020-08-01 | 52 days | 1,619 sqft |
| 2020-09-01 | 48 days | 1,600 sqft |
| 2020-10-01 | 46 days | 1,600 sqft |
| 2020-11-01 | 52 days | 1,594 sqft |
| 2020-12-01 | 61 days | 1,609 sqft |
| 2021-01-01 | 80 days | 1,600 sqft |
| 2021-02-01 | 86 days | 1,582 sqft |
| 2021-03-01 | 68 days | 1,600 sqft |
| 2021-04-01 | 36 days | 1,690 sqft |
| 2021-05-01 | 26 days | 1,672 sqft |
| 2021-06-01 | 25 days | 1,615 sqft |
| 2021-07-01 | 32 days | 1,616 sqft |
| 2021-08-01 | 36 days | 1,615 sqft |
| 2021-09-01 | 46 days | 1,645 sqft |
| 2021-10-01 | 57 days | 1,666 sqft |
| 2021-11-01 | 71 days | 1,673 sqft |
| 2021-12-01 | 78 days | 1,556 sqft |
| 2022-01-01 | 96 days | 1,560 sqft |
| 2022-02-01 | 106 days | 1,507 sqft |
| 2022-03-01 | 60 days | 1,500 sqft |
| 2022-04-01 | 40 days | 1,554 sqft |
| 2022-05-01 | 26 days | 1,562 sqft |
| 2022-06-01 | 24 days | 1,554 sqft |
| 2022-07-01 | 33 days | 1,579 sqft |
| 2022-08-01 | 41 days | 1,540 sqft |
| 2022-09-01 | 50 days | 1,645 sqft |
| 2022-10-01 | 58 days | 1,686 sqft |
| 2022-11-01 | 63 days | 1,583 sqft |
| 2022-12-01 | 85 days | 1,510 sqft |
| 2023-01-01 | 104 days | 1,544 sqft |
| 2023-02-01 | 115 days | 1,581 sqft |
| 2023-03-01 | 109 days | 1,622 sqft |
| 2023-04-01 | 36 days | 1,680 sqft |
| 2023-05-01 | 29 days | 1,618 sqft |
| 2023-06-01 | 28 days | 1,623 sqft |
| 2023-07-01 | 31 days | 1,614 sqft |
| 2023-08-01 | 38 days | 1,633 sqft |
| 2023-09-01 | 41 days | 1,605 sqft |
| 2023-10-01 | 43 days | 1,613 sqft |
| 2023-11-01 | 47 days | 1,600 sqft |
| 2023-12-01 | 65 days | 1,598 sqft |
| 2024-01-01 | 87 days | 1,589 sqft |
| 2024-02-01 | 106 days | 1,593 sqft |
| 2024-03-01 | 70 days | 1,525 sqft |
| 2024-04-01 | 47 days | 1,612 sqft |
| 2024-05-01 | 45 days | 1,641 sqft |
| 2024-06-01 | 41 days | 1,632 sqft |
| 2024-07-01 | 47 days | 1,642 sqft |
| 2024-08-01 | 51 days | 1,666 sqft |
| 2024-09-01 | 51 days | 1,640 sqft |
| 2024-10-01 | 58 days | 1,632 sqft |
| 2024-11-01 | 68 days | 1,664 sqft |
Bangor's median square footage for active listings during the 2024-11-01 period was 1,664 sqft. One year prior, the average listing was 1,600 sqft.