Boston USDA Loan Rates, Closing Costs & Stats

Boston-Cambridge-Newton, MA-NH

  • JUMP TO:
  • Trends
  • Rates vs Fees
  • Top Lenders
  • Markets
  • Market Conditions & Pricing
  • Time on Market/Property Size

    • 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.

    Boston's 6 lenders originated 9 USDA loans during 2023. The total origination value was $2,825,000, with an average USDA loan value of $313,889.

    Boston USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Boston averaged 6.11% for the week of 2025-02-14, compared to the national average (all USDA variants) of 6.526% for the same period.

    Boston's average USDA mortgage closing costs are $7,322.

    The average rate for the prior week (2025-02-07) was 6.17% and one month ago for the week of 2025-01-10, the average rate was 6.11%.

    The average rate one year ago was 6.5%.

    For refis of the same type during the week of 2025-02-14, the average rate was 6.35%.

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

    Boston 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 Boston level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    GUILD MORTGAGE COMPANY 2 6.06% $7,653
    The Camden National Bank 2 6.56% $12,146
    Bank of England 1 5.50% $9,915
    CMG MORTGAGE, INC. 1 6.75% $5,530
    HARBORONE MORTGAGE, LLC 1 7.25% $9,189
    LOANDEPOT.COM, LLC 1 6.25% $8,702

    The top Boston USDA lender as defined by loan originations is GUILD MORTGAGE COMPANY, with 2 USDA loans originated. Their average total fees are $7,653, which is $4,493 lower than the next largest lender, The Camden National Bank.

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

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

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Boston (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 $529,450 (6.0%) $858,909 (4.0%) 1.96 6,025
    2018-02-01 $543,950 (5.6%) $875,742 (3.2%) 1.97 6,009
    2018-03-01 $574,900 (6.5%) $907,026 (4.8%) 2.02 6,566
    2018-04-01 $579,900 (5.5%) $900,017 (2.9%) 1.97 7,727
    2018-05-01 $584,948 (6.3%) $896,211 (3.6%) 1.95 8,782
    2018-06-01 $579,000 (5.3%) $876,342 (2.5%) 1.93 10,206
    2018-07-01 $559,450 (1.9%) $857,205 (1.9%) 1.87 10,104
    2018-08-01 $549,250 (3.7%) $825,186 (0.4%) 1.84 10,159
    2018-09-01 $549,900 (3.8%) $807,022 (-1.4%) 1.85 11,370
    2018-10-01 $549,000 (1.7%) $799,693 (-3.4%) 1.86 11,625
    2018-11-01 $539,450 (-0.1%) $798,464 (-3.9%) 1.83 10,955
    2018-12-01 $535,000 (1.1%) $799,069 (-5.5%) 1.85 8,825
    2019-01-01 $534,115 (0.9%) $806,675 (-6.1%) 1.84 7,543
    2019-02-01 $549,450 (1.0%) $851,550 (-2.8%) 1.86 7,338
    2019-03-01 $571,386 (-0.6%) $884,231 (-2.5%) 1.87 8,060
    2019-04-01 $599,900 (3.5%) $914,458 (1.6%) 1.90 8,915
    2019-05-01 $602,450 (3.0%) $923,196 (3.0%) 1.88 9,954
    2019-06-01 $599,900 (3.6%) $919,131 (4.9%) 1.87 11,100
    2019-07-01 $599,900 (7.2%) $910,659 (6.2%) 1.88 10,611
    2019-08-01 $595,413 (8.4%) $898,041 (8.8%) 1.89 10,691
    2019-09-01 $588,682 (7.1%) $886,963 (9.9%) 1.89 10,882
    2019-10-01 $587,422 (7.0%) $889,369 (11.2%) 1.90 11,009
    2019-11-01 $589,900 (9.4%) $915,234 (14.6%) 1.93 9,637
    2019-12-01 $589,450 (10.2%) $917,039 (14.8%) 1.97 7,010
    2020-01-01 $586,475 (9.8%) $930,450 (15.3%) 1.96 5,781
    2020-02-01 $599,900 (9.2%) $971,823 (14.1%) 1.96 5,751
    2020-03-01 $629,900 (10.2%) $980,307 (10.9%) 1.97 6,618
    2020-04-01 $617,450 (2.9%) $945,898 (3.4%) 1.93 6,436
    2020-05-01 $629,900 (4.6%) $945,286 (2.4%) 1.91 7,201
    2020-06-01 $656,448 (9.4%) $1,002,089 (9.0%) 1.93 7,783
    2020-07-01 $677,000 (12.9%) $1,036,285 (13.8%) 1.96 7,395
    2020-08-01 $675,000 (13.4%) $1,042,626 (16.1%) 1.93 7,192
    2020-09-01 $672,500 (14.2%) $1,038,728 (17.1%) 1.93 7,580
    2020-10-01 $665,000 (13.2%) $1,033,072 (16.2%) 1.91 7,945
    2020-11-01 $654,450 (10.9%) $1,028,384 (12.4%) 1.91 7,086
    2020-12-01 $647,450 (9.8%) $1,004,437 (9.5%) 1.93 5,301
    2021-01-01 $659,000 (12.4%) $1,075,262 (15.6%) 1.97 4,101
    2021-02-01 $679,575 (13.3%) $1,128,516 (16.1%) 1.98 3,873
    2021-03-01 $682,450 (8.3%) $1,144,321 (16.7%) 1.94 4,268
    2021-04-01 $694,000 (12.4%) $1,179,202 (24.7%) 1.88 4,773
    2021-05-01 $699,900 (11.1%) $1,180,552 (24.9%) 1.86 4,879
    2021-06-01 $697,000 (6.2%) $1,144,781 (14.2%) 1.84 5,732
    2021-07-01 $669,900 (-1.1%) $1,113,863 (7.5%) 1.77 5,671
    2021-08-01 $650,000 (-3.7%) $1,075,317 (3.1%) 1.73 5,570
    2021-09-01 $671,125 (-0.2%) $1,055,488 (1.6%) 1.79 6,017
    2021-10-01 $679,000 (2.1%) $1,062,841 (2.9%) 1.81 5,926
    2021-11-01 $674,520 (3.1%) $1,073,459 (4.4%) 1.80 4,934
    2021-12-01 $692,000 (6.9%) $1,141,086 (13.6%) 1.87 3,502
    2022-01-01 $718,000 (9.0%) $1,220,393 (13.5%) 1.93 2,674
    2022-02-01 $749,000 (10.2%) $1,237,957 (9.7%) 1.95 2,637
    2022-03-01 $749,450 (9.8%) $1,253,974 (9.6%) 1.88 2,989
    2022-04-01 $749,000 (7.9%) $1,243,220 (5.4%) 1.79 3,700
    2022-05-01 $757,500 (8.2%) $1,242,168 (5.2%) 1.73 4,473
    2022-06-01 $750,000 (7.6%) $1,172,824 (2.5%) 1.67 5,714
    2022-07-01 $739,900 (10.5%) $1,110,621 (-0.3%) 1.67 6,177
    2022-08-01 $725,000 (11.5%) $1,108,093 (3.1%) 1.68 5,758
    2022-09-01 $744,000 (10.9%) $1,145,100 (8.5%) 1.74 5,911
    2022-10-01 $749,000 (10.3%) $1,169,523 (10.0%) 1.76 6,222
    2022-11-01 $744,925 (10.4%) $1,176,829 (9.6%) 1.79 5,902
    2022-12-01 $749,000 (8.2%) $1,199,921 (5.2%) 1.85 4,407
    2023-01-01 $759,450 (5.8%) $1,238,354 (1.5%) 1.88 3,696
    2023-02-01 $799,000 (6.7%) $1,345,528 (8.7%) 1.93 3,434
    2023-03-01 $824,000 (10.0%) $1,387,476 (10.7%) 1.94 3,706
    2023-04-01 $839,000 (12.0%) $1,422,134 (14.4%) 1.95 4,059
    2023-05-01 $867,125 (14.5%) $1,444,295 (16.3%) 1.97 4,314
    2023-06-01 $866,443 (15.5%) $1,425,445 (21.5%) 1.95 4,805
    2023-07-01 $849,900 (14.9%) $1,434,729 (29.2%) 1.93 4,538
    2023-08-01 $844,200 (16.4%) $1,418,326 (28.0%) 1.94 4,530
    2023-09-01 $849,000 (14.1%) $1,420,577 (24.1%) 1.98 4,932
    2023-10-01 $837,374 (11.8%) $1,400,585 (19.8%) 1.97 5,352
    2023-11-01 $824,725 (10.7%) $1,383,825 (17.6%) 1.96 5,207
    2023-12-01 $800,000 (6.8%) $1,388,687 (15.7%) 1.95 4,063
    2024-01-01 $809,900 (6.6%) $1,405,659 (13.5%) 1.98 3,369
    2024-02-01 $854,450 (6.9%) $1,496,024 (11.2%) 2.06 3,319
    2024-03-01 $879,950 (6.8%) $1,528,390 (10.2%) 2.07 3,737
    2024-04-01 $869,900 (3.7%) $1,489,605 (4.7%) 2.02 4,365
    2024-05-01 $894,000 (3.1%) $1,516,763 (5.0%) 2.03 4,944
    2024-06-01 $864,500 (-0.2%) $1,453,499 (2.0%) 1.98 5,916
    2024-07-01 $853,950 (0.5%) $1,433,895 (-0.1%) 1.95 5,830
    2024-08-01 $834,000 (-1.2%) $1,406,130 (-0.9%) 1.94 5,724
    2024-09-01 $839,900 (-1.1%) $1,415,902 (-0.3%) 1.98 6,399
    2024-10-01 $837,450 (0.0%) $1,401,180 (0.0%) 1.97 6,625
    2024-11-01 $819,900 (-0.6%) $1,395,790 (0.9%) 1.97 5,884
    2024-12-01 $801,383 (0.2%) $1,394,884 (0.5%) 1.99 4,107
    2025-01-01 $799,450 (-1.3%) $1,386,348 (-1.4%) 0.00 3,621
    Boston's median listing price for 2025-01-01 was $799,450, a difference of $-10,450 (-1.3%) versus the prior year and $-1,933 versus the prior month.

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

    Boston's average listing price for 2025-01-01 was $1,386,348, a difference of $-19,311 (-1.4%) versus the prior year and $-8,536 versus the prior month.

    For the 2025-01-01 period, Boston had 3,621 MLS listings, a difference of -486 listings (-12%) versus the prior month and 252 listings (7%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Boston (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 73 days 2,007 sqft
    2018-02-01 57 days 2,025 sqft
    2018-03-01 36 days 2,061 sqft
    2018-04-01 29 days 2,042 sqft
    2018-05-01 28 days 2,055 sqft
    2018-06-01 32 days 2,044 sqft
    2018-07-01 41 days 2,033 sqft
    2018-08-01 46 days 2,012 sqft
    2018-09-01 44 days 1,989 sqft
    2018-10-01 44 days 1,967 sqft
    2018-11-01 51 days 1,946 sqft
    2018-12-01 65 days 1,937 sqft
    2019-01-01 71 days 1,907 sqft
    2019-02-01 56 days 1,925 sqft
    2019-03-01 41 days 1,973 sqft
    2019-04-01 32 days 2,025 sqft
    2019-05-01 32 days 2,045 sqft
    2019-06-01 37 days 2,054 sqft
    2019-07-01 47 days 2,037 sqft
    2019-08-01 49 days 2,020 sqft
    2019-09-01 47 days 1,998 sqft
    2019-10-01 45 days 1,983 sqft
    2019-11-01 55 days 1,981 sqft
    2019-12-01 75 days 1,931 sqft
    2020-01-01 78 days 1,908 sqft
    2020-02-01 43 days 1,959 sqft
    2020-03-01 31 days 2,000 sqft
    2020-04-01 45 days 1,996 sqft
    2020-05-01 50 days 2,000 sqft
    2020-06-01 31 days 1,966 sqft
    2020-07-01 35 days 1,890 sqft
    2020-08-01 37 days 1,844 sqft
    2020-09-01 32 days 1,733 sqft
    2020-10-01 31 days 1,692 sqft
    2020-11-01 47 days 1,668 sqft
    2020-12-01 62 days 1,652 sqft
    2021-01-01 60 days 1,638 sqft
    2021-02-01 33 days 1,652 sqft
    2021-03-01 22 days 1,665 sqft
    2021-04-01 18 days 1,668 sqft
    2021-05-01 19 days 1,693 sqft
    2021-06-01 19 days 1,709 sqft
    2021-07-01 29 days 1,710 sqft
    2021-08-01 31 days 1,709 sqft
    2021-09-01 28 days 1,685 sqft
    2021-10-01 30 days 1,655 sqft
    2021-11-01 38 days 1,630 sqft
    2021-12-01 49 days 1,649 sqft
    2022-01-01 54 days 1,650 sqft
    2022-02-01 25 days 1,663 sqft
    2022-03-01 18 days 1,672 sqft
    2022-04-01 15 days 1,685 sqft
    2022-05-01 16 days 1,787 sqft
    2022-06-01 18 days 1,813 sqft
    2022-07-01 26 days 1,826 sqft
    2022-08-01 35 days 1,832 sqft
    2022-09-01 34 days 1,815 sqft
    2022-10-01 31 days 1,813 sqft
    2022-11-01 41 days 1,804 sqft
    2022-12-01 58 days 1,836 sqft
    2023-01-01 61 days 1,844 sqft
    2023-02-01 37 days 1,861 sqft
    2023-03-01 28 days 1,860 sqft
    2023-04-01 25 days 1,850 sqft
    2023-05-01 23 days 1,919 sqft
    2023-06-01 24 days 1,911 sqft
    2023-07-01 36 days 1,895 sqft
    2023-08-01 37 days 1,900 sqft
    2023-09-01 31 days 1,908 sqft
    2023-10-01 32 days 1,879 sqft
    2023-11-01 38 days 1,868 sqft
    2023-12-01 53 days 1,835 sqft
    2024-01-01 53 days 1,814 sqft
    2024-02-01 33 days 1,838 sqft
    2024-03-01 24 days 1,830 sqft
    2024-04-01 24 days 1,808 sqft
    2024-05-01 24 days 1,878 sqft
    2024-06-01 25 days 1,884 sqft
    2024-07-01 37 days 1,896 sqft
    2024-08-01 39 days 1,875 sqft
    2024-09-01 31 days 1,873 sqft
    2024-10-01 34 days 1,850 sqft
    2024-11-01 45 days 1,840 sqft
    2024-12-01 60 days 1,805 sqft
    2025-01-01 0 days 1,756 sqft
    Boston's median listing age (time on market) for 2025-01-01 was 0 days. This is -100% shorter than the same period one year ago.

    Boston's median square footage for active listings during the 2025-01-01 period was 1,756 sqft. One year prior, the average listing was 1,814 sqft.