Binghamton USDA Loan Rates, Closing Costs & Stats
BINGHAMTON, 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.
Binghamton's 8 lenders originated 12 USDA loans during 2023. The total origination value was $1,690,000, with an average USDA loan value of $140,833.
Binghamton USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Binghamton
averaged
6.32%
for the week of 2024-12-13, compared to the national average (all USDA variants) of
6.303% for the same period.
Binghamton's average USDA mortgage closing costs are $4,468.
The average rate for the prior week (2024-12-06) was
6.45% and
one month ago for the week of 2024-11-08, the
average rate was 6.37%.
The average rate one year ago was 7.04%.
For refis of the same type during the week of 2024-12-13, the average rate
was 7.06%.
Binghamton 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 Binghamton level.
| Name | # of Loans | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
|---|---|---|---|
| PARAGON HOME LOANS INC. | 3 | 6.08% | $6,427 |
| PLAZA HOME MORTGAGE, INC. | 2 | 7.00% | $5,394 |
| HOMESTEAD FUNDING CORP. | 2 | 7.25% | $3,583 |
| MOVEMENT MORTGAGE, LLC | 1 | 7.25% | $7,234 |
| ABSOLUTE HOME MORTGAGE CORPORATION | 1 | 6.99% | $6,582 |
| Wells Fargo Bank | 1 | 6.63% | $1,863 |
| CARDINAL FINANCIAL | 1 | 5.63% | $6,017 |
| Community Bank | 1 | 6.75% | $3,404 |
The top Binghamton USDA lender as defined by loan originations is PARAGON HOME LOANS INC., with
3 USDA loans originated. Their average total fees are
$6,427, which is $1,033
higher than the next largest lender,
PLAZA HOME MORTGAGE, INC..
The lowest fee Binghamton USDA lenders (with over 10 loans originated) are
.
The lowest rate Binghamton USDA lenders (with over 10 loans originated) are
.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Binghamton (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 | $119,925 (4.3%) | $150,928 (5.9%) | 0.44 | 886 |
| 2018-02-01 | $120,000 (3.5%) | $152,506 (5.8%) | 0.44 | 851 |
| 2018-03-01 | $120,000 (3.1%) | $157,511 (6.3%) | 0.42 | 819 |
| 2018-04-01 | $124,900 (2.0%) | $157,203 (3.8%) | 0.42 | 804 |
| 2018-05-01 | $129,725 (3.2%) | $166,797 (6.2%) | 0.43 | 841 |
| 2018-06-01 | $134,900 (7.1%) | $170,234 (8.0%) | 0.45 | 935 |
| 2018-07-01 | $136,000 (6.3%) | $170,264 (8.3%) | 0.45 | 1,016 |
| 2018-08-01 | $131,250 (2.6%) | $165,203 (6.5%) | 0.44 | 1,051 |
| 2018-09-01 | $129,900 (3.9%) | $162,459 (5.6%) | 0.44 | 1,019 |
| 2018-10-01 | $127,373 (1.9%) | $160,132 (3.8%) | 0.43 | 1,003 |
| 2018-11-01 | $124,900 (0.0%) | $158,417 (2.6%) | 0.42 | 967 |
| 2018-12-01 | $124,900 (0.0%) | $160,215 (4.7%) | 0.43 | 871 |
| 2019-01-01 | $123,800 (3.2%) | $160,014 (6.0%) | 0.43 | 800 |
| 2019-02-01 | $124,925 (4.1%) | $160,215 (5.1%) | 0.42 | 739 |
| 2019-03-01 | $126,229 (5.2%) | $161,094 (2.3%) | 0.41 | 768 |
| 2019-04-01 | $128,500 (2.9%) | $163,761 (4.2%) | 0.41 | 793 |
| 2019-05-01 | $133,325 (2.8%) | $169,827 (1.8%) | 0.42 | 865 |
| 2019-06-01 | $139,900 (3.7%) | $175,321 (3.0%) | 0.44 | 961 |
| 2019-07-01 | $139,900 (2.9%) | $175,027 (2.8%) | 0.44 | 993 |
| 2019-08-01 | $139,655 (6.4%) | $173,155 (4.8%) | 0.44 | 1,013 |
| 2019-09-01 | $139,286 (7.2%) | $173,364 (6.7%) | 0.45 | 1,013 |
| 2019-10-01 | $139,000 (9.1%) | $173,468 (8.3%) | 0.45 | 1,013 |
| 2019-11-01 | $134,900 (8.0%) | $169,805 (7.2%) | 0.44 | 947 |
| 2019-12-01 | $130,975 (4.9%) | $167,619 (4.6%) | 0.44 | 855 |
| 2020-01-01 | $129,900 (4.9%) | $167,581 (4.7%) | 0.43 | 759 |
| 2020-02-01 | $134,900 (8.0%) | $171,708 (7.2%) | 0.44 | 723 |
| 2020-03-01 | $139,675 (10.7%) | $178,085 (10.6%) | 0.44 | 703 |
| 2020-04-01 | $138,850 (8.1%) | $177,486 (8.4%) | 0.43 | 617 |
| 2020-05-01 | $145,450 (9.1%) | $188,599 (11.1%) | 0.44 | 584 |
| 2020-06-01 | $156,950 (12.2%) | $201,460 (14.9%) | 0.46 | 585 |
| 2020-07-01 | $161,900 (15.7%) | $203,996 (16.6%) | 0.47 | 546 |
| 2020-08-01 | $159,900 (14.5%) | $210,170 (21.4%) | 0.46 | 549 |
| 2020-09-01 | $159,000 (14.2%) | $211,813 (22.2%) | 0.46 | 550 |
| 2020-10-01 | $153,500 (10.4%) | $210,136 (21.1%) | 0.44 | 551 |
| 2020-11-01 | $149,725 (11.0%) | $220,103 (29.6%) | 0.44 | 514 |
| 2020-12-01 | $149,000 (13.8%) | $220,087 (31.3%) | 0.44 | 454 |
| 2021-01-01 | $139,900 (7.7%) | $224,287 (33.8%) | 0.42 | 398 |
| 2021-02-01 | $142,400 (5.6%) | $245,266 (42.8%) | 0.41 | 326 |
| 2021-03-01 | $154,675 (10.7%) | $260,215 (46.1%) | 0.44 | 300 |
| 2021-04-01 | $172,400 (24.2%) | $272,190 (53.4%) | 0.47 | 276 |
| 2021-05-01 | $189,900 (30.6%) | $251,582 (33.4%) | 0.50 | 301 |
| 2021-06-01 | $189,175 (20.5%) | $248,040 (23.1%) | 0.50 | 347 |
| 2021-07-01 | $187,000 (15.5%) | $249,919 (22.5%) | 0.49 | 384 |
| 2021-08-01 | $182,675 (14.2%) | $251,725 (19.8%) | 0.49 | 413 |
| 2021-09-01 | $166,750 (4.9%) | $246,447 (16.4%) | 0.44 | 423 |
| 2021-10-01 | $159,000 (3.6%) | $239,422 (13.9%) | 0.42 | 431 |
| 2021-11-01 | $157,875 (5.4%) | $240,070 (9.1%) | 0.42 | 407 |
| 2021-12-01 | $155,200 (4.2%) | $234,119 (6.4%) | 0.42 | 369 |
| 2022-01-01 | $154,900 (10.7%) | $237,635 (6.0%) | 0.42 | 306 |
| 2022-02-01 | $163,450 (14.8%) | $251,103 (2.4%) | 0.43 | 252 |
| 2022-03-01 | $165,000 (6.7%) | $260,260 (0.0%) | 0.41 | 261 |
| 2022-04-01 | $173,700 (0.8%) | $268,651 (-1.3%) | 0.41 | 259 |
| 2022-05-01 | $197,750 (4.1%) | $276,456 (9.9%) | 0.45 | 280 |
| 2022-06-01 | $187,450 (-0.9%) | $261,327 (5.4%) | 0.42 | 324 |
| 2022-07-01 | $190,000 (1.6%) | $262,011 (4.8%) | 0.43 | 375 |
| 2022-08-01 | $185,450 (1.5%) | $256,256 (1.8%) | 0.43 | 382 |
| 2022-09-01 | $192,425 (15.4%) | $259,932 (5.5%) | 0.45 | 372 |
| 2022-10-01 | $210,000 (32.1%) | $263,548 (10.1%) | 0.49 | 366 |
| 2022-11-01 | $204,500 (29.5%) | $269,053 (12.1%) | 0.49 | 360 |
| 2022-12-01 | $199,900 (28.8%) | $268,989 (14.9%) | 0.49 | 336 |
| 2023-01-01 | $177,000 (14.3%) | $257,154 (8.2%) | 0.44 | 292 |
| 2023-02-01 | $184,450 (12.9%) | $265,557 (5.8%) | 0.45 | 266 |
| 2023-03-01 | $186,875 (13.3%) | $272,817 (4.8%) | 0.44 | 241 |
| 2023-04-01 | $209,450 (20.6%) | $292,762 (9.0%) | 0.49 | 219 |
| 2023-05-01 | $192,000 (-2.9%) | $287,550 (4.0%) | 0.44 | 225 |
| 2023-06-01 | $199,974 (6.7%) | $288,624 (10.5%) | 0.45 | 248 |
| 2023-07-01 | $199,000 (4.7%) | $286,148 (9.2%) | 0.45 | 260 |
| 2023-08-01 | $198,500 (7.0%) | $279,941 (9.2%) | 0.46 | 270 |
| 2023-09-01 | $189,900 (-1.3%) | $270,617 (4.1%) | 0.44 | 305 |
| 2023-10-01 | $189,450 (-9.8%) | $260,826 (-1.0%) | 0.45 | 336 |
| 2023-11-01 | $182,225 (-10.9%) | $257,073 (-4.5%) | 0.43 | 322 |
| 2023-12-01 | $179,000 (-10.5%) | $253,528 (-5.8%) | 0.44 | 291 |
| 2024-01-01 | $164,450 (-7.1%) | $245,452 (-4.6%) | 0.40 | 264 |
| 2024-02-01 | $169,000 (-8.4%) | $254,305 (-4.2%) | 0.41 | 228 |
| 2024-03-01 | $185,000 (-1.0%) | $286,965 (5.2%) | 0.44 | 203 |
| 2024-04-01 | $202,225 (-3.5%) | $269,238 (-8.0%) | 0.47 | 210 |
| 2024-05-01 | $215,000 (12.0%) | $281,317 (-2.2%) | 0.49 | 237 |
| 2024-06-01 | $212,450 (6.2%) | $281,285 (-2.5%) | 0.48 | 288 |
| 2024-07-01 | $220,000 (10.6%) | $278,490 (-2.7%) | 0.50 | 309 |
| 2024-08-01 | $225,000 (13.4%) | $280,956 (0.4%) | 0.52 | 331 |
| 2024-09-01 | $236,400 (24.5%) | $285,847 (5.6%) | 0.56 | 358 |
| 2024-10-01 | $217,475 (14.8%) | $274,175 (5.1%) | 0.51 | 374 |
| 2024-11-01 | $210,000 (15.2%) | $267,546 (4.1%) | 0.50 | 347 |
Binghamton's median listing price comes in at 50% of the national average.
Binghamton's average listing price for 2024-11-01 was $267,546, a difference of $10,473 (4.1%) versus the prior year and $-6,629 versus the prior month.
For the 2024-11-01 period, Binghamton had 347 MLS listings, a difference of -27 listings (-7%) versus the prior month and 25 listings (8%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Binghamton (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 103 days | 1,751 sqft |
| 2018-02-01 | 103 days | 1,754 sqft |
| 2018-03-01 | 99 days | 1,769 sqft |
| 2018-04-01 | 77 days | 1,799 sqft |
| 2018-05-01 | 64 days | 1,824 sqft |
| 2018-06-01 | 57 days | 1,827 sqft |
| 2018-07-01 | 61 days | 1,854 sqft |
| 2018-08-01 | 66 days | 1,813 sqft |
| 2018-09-01 | 74 days | 1,800 sqft |
| 2018-10-01 | 79 days | 1,785 sqft |
| 2018-11-01 | 77 days | 1,762 sqft |
| 2018-12-01 | 85 days | 1,743 sqft |
| 2019-01-01 | 95 days | 1,726 sqft |
| 2019-02-01 | 100 days | 1,752 sqft |
| 2019-03-01 | 83 days | 1,773 sqft |
| 2019-04-01 | 63 days | 1,808 sqft |
| 2019-05-01 | 60 days | 1,850 sqft |
| 2019-06-01 | 57 days | 1,851 sqft |
| 2019-07-01 | 59 days | 1,812 sqft |
| 2019-08-01 | 64 days | 1,825 sqft |
| 2019-09-01 | 71 days | 1,845 sqft |
| 2019-10-01 | 77 days | 1,858 sqft |
| 2019-11-01 | 80 days | 1,824 sqft |
| 2019-12-01 | 92 days | 1,807 sqft |
| 2020-01-01 | 95 days | 1,807 sqft |
| 2020-02-01 | 96 days | 1,852 sqft |
| 2020-03-01 | 79 days | 1,875 sqft |
| 2020-04-01 | 86 days | 1,860 sqft |
| 2020-05-01 | 92 days | 1,864 sqft |
| 2020-06-01 | 71 days | 1,942 sqft |
| 2020-07-01 | 42 days | 1,935 sqft |
| 2020-08-01 | 46 days | 1,878 sqft |
| 2020-09-01 | 47 days | 1,950 sqft |
| 2020-10-01 | 52 days | 1,872 sqft |
| 2020-11-01 | 60 days | 1,879 sqft |
| 2020-12-01 | 73 days | 1,801 sqft |
| 2021-01-01 | 86 days | 1,744 sqft |
| 2021-02-01 | 93 days | 1,800 sqft |
| 2021-03-01 | 59 days | 1,864 sqft |
| 2021-04-01 | 38 days | 1,869 sqft |
| 2021-05-01 | 31 days | 1,880 sqft |
| 2021-06-01 | 30 days | 1,862 sqft |
| 2021-07-01 | 33 days | 1,874 sqft |
| 2021-08-01 | 38 days | 1,858 sqft |
| 2021-09-01 | 41 days | 1,838 sqft |
| 2021-10-01 | 47 days | 1,806 sqft |
| 2021-11-01 | 56 days | 1,815 sqft |
| 2021-12-01 | 64 days | 1,770 sqft |
| 2022-01-01 | 77 days | 1,761 sqft |
| 2022-02-01 | 78 days | 1,868 sqft |
| 2022-03-01 | 49 days | 1,870 sqft |
| 2022-04-01 | 46 days | 1,832 sqft |
| 2022-05-01 | 41 days | 1,928 sqft |
| 2022-06-01 | 31 days | 1,872 sqft |
| 2022-07-01 | 35 days | 1,862 sqft |
| 2022-08-01 | 42 days | 1,808 sqft |
| 2022-09-01 | 51 days | 1,821 sqft |
| 2022-10-01 | 51 days | 1,872 sqft |
| 2022-11-01 | 52 days | 1,882 sqft |
| 2022-12-01 | 67 days | 1,924 sqft |
| 2023-01-01 | 81 days | 1,812 sqft |
| 2023-02-01 | 81 days | 1,862 sqft |
| 2023-03-01 | 60 days | 1,888 sqft |
| 2023-04-01 | 42 days | 1,903 sqft |
| 2023-05-01 | 37 days | 1,873 sqft |
| 2023-06-01 | 35 days | 1,880 sqft |
| 2023-07-01 | 37 days | 1,858 sqft |
| 2023-08-01 | 39 days | 1,828 sqft |
| 2023-09-01 | 36 days | 1,744 sqft |
| 2023-10-01 | 42 days | 1,735 sqft |
| 2023-11-01 | 47 days | 1,720 sqft |
| 2023-12-01 | 58 days | 1,704 sqft |
| 2024-01-01 | 64 days | 1,691 sqft |
| 2024-02-01 | 71 days | 1,645 sqft |
| 2024-03-01 | 46 days | 1,744 sqft |
| 2024-04-01 | 34 days | 1,785 sqft |
| 2024-05-01 | 31 days | 1,822 sqft |
| 2024-06-01 | 36 days | 1,792 sqft |
| 2024-07-01 | 39 days | 1,787 sqft |
| 2024-08-01 | 44 days | 1,862 sqft |
| 2024-09-01 | 42 days | 1,845 sqft |
| 2024-10-01 | 45 days | 1,829 sqft |
| 2024-11-01 | 51 days | 1,800 sqft |
Binghamton's median square footage for active listings during the 2024-11-01 period was 1,800 sqft. One year prior, the average listing was 1,720 sqft.