Batavia USDA Loan Rates, Closing Costs & Stats

Batavia, NY

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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.

    Batavia's 5 lenders originated 9 USDA loans during 2023. The total origination value was $1,355,000, with an average USDA loan value of $150,556.

    Batavia USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Batavia averaged 6.8% for the week of 2024-04-19, compared to the national average (all USDA variants) of 6.863% for the same period.

    Batavia's average USDA mortgage closing costs are $3,778.

    The average rate for the prior week (2024-04-12) was 6.66% and one month ago for the week of 2024-03-15, the average rate was 6.44%.

    The average rate one year ago was 6.48%.

    For refis of the same type during the week of 2024-04-19, the average rate was 7.06%.

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

    Batavia 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 Batavia level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Premium Mortgage Corporation 4 6.72% $2,988
    PRIMELENDING, A PLAINSCAPITAL COMPANY 2 6.19% $7,816
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 6.25% $8,238
    PLAZA HOME MORTGAGE, INC. 1 7.75% $4,812
    UNITED WHOLESALE MORTGAGE, LLC 1 6.75% $3,902

    The top Batavia USDA lender as defined by loan originations is Premium Mortgage Corporation, with 4 USDA loans originated. Their average total fees are $2,988, which is $4,828 lower than the next largest lender, PRIMELENDING, A PLAINSCAPITAL COMPANY.

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

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

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Batavia (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 $102,425 (-5.8%) $122,233 (-8.5%) 0.00 119
    2018-02-01 $101,450 (-9.7%) $124,056 (-7.5%) 0.00 105
    2018-03-01 $110,950 (-2.4%) $132,042 (-3.8%) 0.00 88
    2018-04-01 $113,675 (3.3%) $131,989 (-2.4%) 0.00 88
    2018-05-01 $116,175 (-6.6%) $135,943 (-2.2%) 0.00 94
    2018-06-01 $114,900 (-8.4%) $138,754 (-4.7%) 0.00 106
    2018-07-01 $114,900 (-8.0%) $139,508 (-7.4%) 0.00 121
    2018-08-01 $119,000 (-0.8%) $144,011 (0.0%) 0.00 137
    2018-09-01 $119,900 (4.4%) $148,054 (4.3%) 0.00 127
    2018-10-01 $113,900 (-0.9%) $141,416 (2.6%) 0.00 110
    2018-11-01 $102,450 (-10.8%) $140,188 (3.1%) 0.00 94
    2018-12-01 $102,500 (-10.8%) $140,960 (4.5%) 0.00 74
    2019-01-01 $97,225 (-5.1%) $135,698 (11.0%) 0.00 74
    2019-02-01 $98,225 (-3.2%) $127,905 (3.1%) 0.00 79
    2019-03-01 $103,171 (-7.0%) $137,004 (3.8%) 0.00 73
    2019-04-01 $113,650 (0.0%) $149,072 (12.9%) 0.00 65
    2019-05-01 $141,725 (22.0%) $164,156 (20.8%) 0.00 72
    2019-06-01 $154,900 (34.8%) $186,613 (34.5%) 0.00 67
    2019-07-01 $167,400 (45.7%) $210,172 (50.7%) 0.00 71
    2019-08-01 $162,627 (36.7%) $199,858 (38.8%) 0.00 88
    2019-09-01 $166,718 (39.1%) $198,281 (33.9%) 0.00 96
    2019-10-01 $169,445 (48.8%) $196,267 (38.8%) 0.00 102
    2019-11-01 $153,450 (49.8%) $191,813 (36.8%) 0.00 89
    2019-12-01 $142,950 (39.5%) $177,219 (25.7%) 0.00 74
    2020-01-01 $149,150 (53.4%) $182,930 (34.8%) 0.00 69
    2020-02-01 $139,900 (42.4%) $183,007 (43.1%) 0.00 66
    2020-03-01 $149,900 (45.3%) $198,431 (44.8%) 0.00 55
    2020-04-01 $149,900 (31.9%) $204,160 (37.0%) 0.00 49
    2020-05-01 $149,900 (5.8%) $209,324 (27.5%) 0.00 45
    2020-06-01 $162,200 (4.7%) $204,630 (9.7%) 0.00 55
    2020-07-01 $185,975 (11.1%) $217,130 (3.3%) 0.00 52
    2020-08-01 $179,950 (10.7%) $211,078 (5.6%) 0.00 57
    2020-09-01 $154,900 (-7.1%) $186,409 (-6.0%) 0.00 63
    2020-10-01 $149,900 (-11.5%) $186,557 (-5.0%) 0.00 68
    2020-11-01 $153,675 (0.2%) $192,455 (0.3%) 0.00 52
    2020-12-01 $142,725 (-0.2%) $180,909 (2.1%) 0.00 38
    2021-01-01 $142,000 (-4.8%) $169,597 (-7.3%) 0.00 30
    2021-02-01 $147,450 (5.4%) $185,210 (1.2%) 0.00 33
    2021-03-01 $143,650 (-4.2%) $192,128 (-3.2%) 0.00 33
    2021-04-01 $146,175 (-2.5%) $173,083 (-15.2%) 0.00 25
    2021-05-01 $174,900 (16.7%) $207,904 (-0.7%) 0.00 33
    2021-06-01 $177,450 (9.4%) $219,168 (7.1%) 0.00 51
    2021-07-01 $179,900 (-3.3%) $225,733 (4.0%) 0.00 57
    2021-08-01 $179,800 (-0.1%) $228,290 (8.2%) 0.00 64
    2021-09-01 $169,900 (9.7%) $216,685 (16.2%) 0.00 58
    2021-10-01 $171,999 (14.7%) $237,978 (27.6%) 0.00 57
    2021-11-01 $179,700 (16.9%) $229,255 (19.1%) 0.00 46
    2021-12-01 $186,225 (30.5%) $256,879 (42.0%) 0.00 31
    2022-01-01 $179,900 (26.7%) $253,337 (49.4%) 0.00 26
    2022-02-01 $172,450 (17.0%) $241,658 (30.5%) 0.00 28
    2022-03-01 $171,200 (19.2%) $250,402 (30.3%) 0.00 26
    2022-04-01 $174,900 (19.7%) $229,562 (32.6%) 0.00 26
    2022-05-01 $173,650 (-0.7%) $225,975 (8.7%) 0.00 37
    2022-06-01 $193,425 (9.0%) $256,746 (17.2%) 0.00 43
    2022-07-01 $199,900 (11.1%) $264,329 (17.1%) 0.00 54
    2022-08-01 $174,675 (-2.9%) $240,580 (5.4%) 0.00 56
    2022-09-01 $183,675 (8.1%) $233,581 (7.8%) 0.00 62
    2022-10-01 $174,900 (1.7%) $222,266 (-6.6%) 0.00 59
    2022-11-01 $182,175 (1.4%) $226,922 (-1.0%) 0.00 48
    2022-12-01 $174,950 (-6.1%) $199,244 (-22.4%) 0.00 34
    2023-01-01 $177,400 (-1.4%) $201,208 (-20.6%) 0.00 28
    2023-02-01 $135,125 (-21.6%) $186,443 (-22.9%) 0.00 23
    2023-03-01 $157,450 (-8.0%) $215,522 (-13.9%) 0.00 29
    2023-04-01 $199,900 (14.3%) $234,107 (2.0%) 0.00 21
    2023-05-01 $186,725 (7.5%) $233,973 (3.5%) 0.00 30
    2023-06-01 $176,150 (-8.9%) $241,389 (-6.0%) 0.00 41
    2023-07-01 $224,500 (12.3%) $280,404 (6.1%) 0.00 43
    2023-08-01 $204,900 (17.3%) $266,809 (10.9%) 0.00 49
    2023-09-01 $199,900 (8.8%) $256,362 (9.8%) 0.00 51
    2023-10-01 $194,925 (11.5%) $249,296 (12.2%) 0.00 50
    2023-11-01 $179,450 (-1.5%) $218,875 (-3.6%) 0.00 43
    2023-12-01 $192,500 (10.0%) $295,214 (48.2%) 0.00 34
    2024-01-01 $211,175 (19.0%) $330,944 (64.5%) 0.00 41
    2024-02-01 $213,225 (57.8%) $352,684 (89.2%) 0.00 36
    2024-03-01 $239,900 (52.4%) $344,465 (59.8%) 0.00 37
    Batavia's median listing price for 2024-03-01 was $239,900, a difference of $82,450 (52.4%) versus the prior year and $26,675 versus the prior month.

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

    Batavia's average listing price for 2024-03-01 was $344,465, a difference of $128,943 (59.8%) versus the prior year and $-8,219 versus the prior month.

    For the 2024-03-01 period, Batavia had 37 MLS listings, a difference of 1 listings (3%) versus the prior month and 8 listings (28%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Batavia (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,530 sqft
    2018-02-01 0 days 1,492 sqft
    2018-03-01 0 days 1,466 sqft
    2018-04-01 0 days 1,455 sqft
    2018-05-01 0 days 1,520 sqft
    2018-06-01 0 days 1,553 sqft
    2018-07-01 0 days 1,536 sqft
    2018-08-01 0 days 1,626 sqft
    2018-09-01 0 days 1,700 sqft
    2018-10-01 0 days 1,609 sqft
    2018-11-01 0 days 1,568 sqft
    2018-12-01 0 days 1,551 sqft
    2019-01-01 0 days 1,542 sqft
    2019-02-01 0 days 1,524 sqft
    2019-03-01 0 days 1,521 sqft
    2019-04-01 0 days 1,544 sqft
    2019-05-01 0 days 1,654 sqft
    2019-06-01 0 days 1,719 sqft
    2019-07-01 0 days 1,745 sqft
    2019-08-01 0 days 1,720 sqft
    2019-09-01 0 days 1,725 sqft
    2019-10-01 0 days 1,727 sqft
    2019-11-01 0 days 1,682 sqft
    2019-12-01 0 days 1,673 sqft
    2020-01-01 0 days 1,671 sqft
    2020-02-01 0 days 1,673 sqft
    2020-03-01 0 days 1,756 sqft
    2020-04-01 0 days 1,718 sqft
    2020-05-01 0 days 1,688 sqft
    2020-06-01 0 days 1,688 sqft
    2020-07-01 0 days 1,650 sqft
    2020-08-01 0 days 1,709 sqft
    2020-09-01 0 days 1,657 sqft
    2020-10-01 0 days 1,568 sqft
    2020-11-01 0 days 1,617 sqft
    2020-12-01 0 days 1,534 sqft
    2021-01-01 0 days 1,496 sqft
    2021-02-01 0 days 1,623 sqft
    2021-03-01 0 days 1,556 sqft
    2021-04-01 0 days 1,440 sqft
    2021-05-01 0 days 1,660 sqft
    2021-06-01 0 days 1,556 sqft
    2021-07-01 0 days 1,740 sqft
    2021-08-01 0 days 1,547 sqft
    2021-09-01 0 days 1,611 sqft
    2021-10-01 0 days 1,716 sqft
    2021-11-01 0 days 1,726 sqft
    2021-12-01 0 days 1,691 sqft
    2022-01-01 0 days 1,648 sqft
    2022-02-01 0 days 1,605 sqft
    2022-03-01 0 days 1,660 sqft
    2022-04-01 0 days 1,664 sqft
    2022-05-01 0 days 1,593 sqft
    2022-06-01 0 days 1,675 sqft
    2022-07-01 0 days 1,602 sqft
    2022-08-01 0 days 1,583 sqft
    2022-09-01 0 days 1,532 sqft
    2022-10-01 0 days 1,596 sqft
    2022-11-01 0 days 1,653 sqft
    2022-12-01 0 days 1,607 sqft
    2023-01-01 0 days 1,520 sqft
    2023-02-01 0 days 1,388 sqft
    2023-03-01 0 days 1,506 sqft
    2023-04-01 0 days 1,605 sqft
    2023-05-01 0 days 1,510 sqft
    2023-06-01 0 days 1,563 sqft
    2023-07-01 0 days 1,807 sqft
    2023-08-01 0 days 1,608 sqft
    2023-09-01 0 days 1,592 sqft
    2023-10-01 0 days 1,558 sqft
    2023-11-01 0 days 1,499 sqft
    2023-12-01 0 days 1,620 sqft
    2024-01-01 0 days 1,710 sqft
    2024-02-01 0 days 1,690 sqft
    2024-03-01 0 days 1,690 sqft
    Batavia's median listing age (time on market) for 2024-03-01 was 0 days.

    Batavia's median square footage for active listings during the 2024-03-01 period was 1,690 sqft. One year prior, the average listing was 1,506 sqft.