Cambridge USDA Loan Rates, Closing Costs & Stats

Cambridge, MD

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.

Cambridge's 10 lenders originated 30 USDA loans during 2023. The total origination value was $7,410,000, with an average USDA loan value of $247,000.

Cambridge USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Cambridge averaged -0.09% for the week of 2024-11-29, compared to the national average (all USDA variants) of 0% for the same period.

Cambridge's average USDA mortgage closing costs are $5,995.

The average rate for the prior week (2024-11-22) was 6.21% and one month ago for the week of 2024-10-25, the average rate was 6.31%.

The average rate one year ago was 6.91%.

For refis of the same type during the week of 2024-11-29, the average rate was 0.1%.

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

Cambridge 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 Cambridge level.

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
NVR Mortgage Finance, Inc. 7 5.96% $9,400
FIRST HOME MORTGAGE CORPORATION 6 6.08% $10,050
BAY CAPITAL MORTGAGE CORPORATION 4 6.25% $8,464
EMM LOANS LLC 3 6.92% $8,237
Meridian Bank Corporation 2 6.19% $7,505
ENVOY MORTGAGE, LTD 2 6.88% $11,502
TIDEWATER MORTGAGE SERVICES, INC. 1 6.88% $12,958
DHI MORTGAGE COMPANY, LTD. 1 5.50% $6,895
MOVEMENT MORTGAGE, LLC 1 5.50% $11,491
ACADEMY MORTGAGE CORPORATION 1 6.13% $8,672

The top Cambridge USDA lender as defined by loan originations is NVR Mortgage Finance, Inc., with 7 USDA loans originated. Their average total fees are $9,400, which is $650 lower than the next largest lender, FIRST HOME MORTGAGE CORPORATION.

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

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


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Cambridge (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 $199,000 (14.8%) $318,036 (25.9%) 0.00 219
2018-02-01 $198,475 (13.4%) $318,455 (23.2%) 0.00 226
2018-03-01 $199,900 (6.8%) $322,874 (25.0%) 0.00 223
2018-04-01 $206,225 (6.9%) $298,729 (2.0%) 0.00 232
2018-05-01 $214,375 (11.2%) $300,894 (3.5%) 0.00 254
2018-06-01 $219,900 (11.6%) $306,274 (4.6%) 0.00 262
2018-07-01 $223,850 (9.5%) $307,898 (5.6%) 0.00 260
2018-08-01 $224,750 (11.2%) $305,572 (6.0%) 0.00 264
2018-09-01 $229,000 (4.4%) $279,572 (-14.5%) 0.00 254
2018-10-01 $239,513 (7.8%) $300,775 (-7.2%) 0.00 245
2018-11-01 $239,063 (16.9%) $325,500 (4.6%) 0.00 233
2018-12-01 $225,000 (12.6%) $327,229 (4.3%) 0.00 221
2019-01-01 $199,925 (0.5%) $310,954 (-2.2%) 0.00 202
2019-02-01 $207,175 (4.4%) $313,085 (-1.7%) 0.00 212
2019-03-01 $202,086 (1.1%) $306,970 (-4.9%) 0.00 223
2019-04-01 $207,450 (0.6%) $300,148 (0.5%) 0.00 242
2019-05-01 $213,725 (-0.3%) $298,752 (-0.7%) 0.00 251
2019-06-01 $229,000 (4.1%) $304,824 (-0.5%) 0.00 248
2019-07-01 $229,000 (2.3%) $307,841 (0.0%) 0.00 249
2019-08-01 $236,927 (5.4%) $308,385 (0.9%) 0.00 236
2019-09-01 $232,468 (1.5%) $308,188 (10.2%) 0.00 228
2019-10-01 $226,975 (-5.2%) $308,056 (2.4%) 0.00 224
2019-11-01 $235,500 (-1.5%) $330,580 (1.6%) 0.00 219
2019-12-01 $223,000 (-0.9%) $325,083 (-0.7%) 0.00 205
2020-01-01 $216,000 (8.0%) $321,987 (3.6%) 0.00 193
2020-02-01 $220,000 (6.2%) $321,593 (2.7%) 0.00 186
2020-03-01 $231,175 (14.4%) $323,436 (5.4%) 0.00 201
2020-04-01 $224,900 (8.4%) $308,739 (2.9%) 0.00 193
2020-05-01 $224,900 (5.2%) $308,558 (3.3%) 0.00 185
2020-06-01 $229,900 (0.4%) $323,327 (6.1%) 0.00 168
2020-07-01 $239,000 (4.4%) $331,669 (7.7%) 0.00 144
2020-08-01 $232,250 (-2.0%) $303,353 (-1.6%) 0.00 141
2020-09-01 $207,200 (-10.9%) $296,155 (-3.9%) 0.00 137
2020-10-01 $241,000 (6.2%) $408,997 (32.8%) 0.00 136
2020-11-01 $236,495 (0.4%) $429,458 (29.9%) 0.00 132
2020-12-01 $225,000 (0.9%) $456,950 (40.6%) 0.00 106
2021-01-01 $237,990 (10.2%) $477,988 (48.5%) 0.00 91
2021-02-01 $249,000 (13.2%) $511,079 (58.9%) 0.00 86
2021-03-01 $247,400 (7.0%) $555,486 (71.8%) 0.00 75
2021-04-01 $269,245 (19.7%) $572,563 (85.5%) 0.00 69
2021-05-01 $302,495 (34.5%) $584,024 (89.3%) 0.00 82
2021-06-01 $301,175 (31.0%) $591,931 (83.1%) 0.00 91
2021-07-01 $289,900 (21.3%) $527,060 (58.9%) 0.00 113
2021-08-01 $287,749 (23.9%) $461,459 (52.1%) 0.00 111
2021-09-01 $299,800 (44.7%) $476,342 (60.8%) 0.00 111
2021-10-01 $299,900 (24.4%) $358,503 (-12.4%) 0.00 110
2021-11-01 $286,945 (21.3%) $373,144 (-13.1%) 0.00 115
2021-12-01 $292,875 (30.2%) $360,323 (-21.2%) 0.00 110
2022-01-01 $299,000 (25.6%) $359,368 (-24.8%) 0.00 90
2022-02-01 $293,995 (18.1%) $336,017 (-34.3%) 0.00 80
2022-03-01 $286,225 (15.7%) $331,858 (-40.3%) 0.00 100
2022-04-01 $275,000 (2.1%) $323,218 (-43.6%) 0.00 117
2022-05-01 $292,000 (-3.5%) $332,929 (-43.0%) 0.00 128
2022-06-01 $283,998 (-5.7%) $327,337 (-44.7%) 0.00 136
2022-07-01 $285,000 (-1.7%) $334,334 (-36.6%) 0.00 140
2022-08-01 $274,723 (-4.5%) $339,991 (-26.3%) 0.00 147
2022-09-01 $278,745 (-7.0%) $346,733 (-27.2%) 0.00 134
2022-10-01 $283,990 (-5.3%) $410,293 (14.5%) 0.00 126
2022-11-01 $280,000 (-2.4%) $365,246 (-2.1%) 0.00 126
2022-12-01 $268,495 (-8.3%) $339,043 (-5.9%) 0.00 127
2023-01-01 $269,950 (-9.7%) $362,851 (1.0%) 0.00 118
2023-02-01 $269,743 (-8.3%) $355,320 (5.7%) 0.00 121
2023-03-01 $290,475 (1.5%) $351,971 (6.1%) 0.00 115
2023-04-01 $279,000 (1.5%) $382,358 (18.3%) 0.00 100
2023-05-01 $297,748 (2.0%) $392,430 (17.9%) 0.00 106
2023-06-01 $277,995 (-2.1%) $385,615 (17.8%) 0.00 112
2023-07-01 $275,000 (-3.5%) $357,817 (7.0%) 0.00 120
2023-08-01 $277,500 (1.0%) $388,181 (14.2%) 0.00 117
2023-09-01 $259,990 (-6.7%) $335,263 (-3.3%) 0.00 127
2023-10-01 $273,495 (-3.7%) $353,015 (-14.0%) 0.00 132
2023-11-01 $277,500 (-0.9%) $348,740 (-4.5%) 0.00 138
2023-12-01 $280,000 (4.3%) $341,607 (0.8%) 0.00 136
2024-01-01 $282,250 (4.6%) $344,883 (-5.0%) 0.00 124
2024-02-01 $291,473 (8.1%) $349,938 (-1.5%) 0.00 119
2024-03-01 $284,950 (-1.9%) $356,043 (1.2%) 0.00 124
2024-04-01 $298,295 (6.9%) $383,864 (0.4%) 0.00 119
2024-05-01 $299,495 (0.6%) $396,641 (1.1%) 0.00 133
2024-06-01 $299,990 (7.9%) $412,339 (6.9%) 0.00 144
2024-07-01 $306,000 (11.3%) $386,714 (8.1%) 0.00 144
2024-08-01 $309,000 (11.4%) $367,450 (-5.3%) 0.00 136
2024-09-01 $309,495 (19.0%) $362,375 (8.1%) 0.00 150
2024-10-01 $304,473 (11.3%) $365,586 (3.6%) 0.00 158
Cambridge's median listing price for 2024-10-01 was $304,473, a difference of $30,978 (11.3%) versus the prior year and $-5,022 versus the prior month.

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

Cambridge's average listing price for 2024-10-01 was $365,586, a difference of $12,571 (3.6%) versus the prior year and $3,211 versus the prior month.

For the 2024-10-01 period, Cambridge had 158 MLS listings, a difference of 8 listings (5%) versus the prior month and 26 listings (20%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Cambridge (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,705 sqft
2018-02-01 0 days 1,685 sqft
2018-03-01 0 days 1,705 sqft
2018-04-01 0 days 1,725 sqft
2018-05-01 0 days 1,712 sqft
2018-06-01 0 days 1,695 sqft
2018-07-01 0 days 1,696 sqft
2018-08-01 0 days 1,677 sqft
2018-09-01 0 days 1,680 sqft
2018-10-01 0 days 1,762 sqft
2018-11-01 0 days 1,757 sqft
2018-12-01 0 days 1,792 sqft
2019-01-01 0 days 1,736 sqft
2019-02-01 0 days 1,744 sqft
2019-03-01 0 days 1,725 sqft
2019-04-01 0 days 1,715 sqft
2019-05-01 0 days 1,680 sqft
2019-06-01 0 days 1,713 sqft
2019-07-01 0 days 1,709 sqft
2019-08-01 0 days 1,728 sqft
2019-09-01 0 days 1,733 sqft
2019-10-01 0 days 1,732 sqft
2019-11-01 0 days 1,762 sqft
2019-12-01 0 days 1,718 sqft
2020-01-01 0 days 1,708 sqft
2020-02-01 0 days 1,720 sqft
2020-03-01 0 days 1,782 sqft
2020-04-01 0 days 1,739 sqft
2020-05-01 0 days 1,739 sqft
2020-06-01 0 days 1,734 sqft
2020-07-01 0 days 1,751 sqft
2020-08-01 0 days 1,720 sqft
2020-09-01 0 days 1,675 sqft
2020-10-01 0 days 1,743 sqft
2020-11-01 0 days 1,700 sqft
2020-12-01 0 days 1,658 sqft
2021-01-01 0 days 1,720 sqft
2021-02-01 0 days 1,740 sqft
2021-03-01 0 days 1,721 sqft
2021-04-01 0 days 1,638 sqft
2021-05-01 0 days 1,812 sqft
2021-06-01 0 days 1,724 sqft
2021-07-01 0 days 1,724 sqft
2021-08-01 0 days 1,679 sqft
2021-09-01 0 days 1,638 sqft
2021-10-01 0 days 1,639 sqft
2021-11-01 0 days 1,609 sqft
2021-12-01 0 days 1,643 sqft
2022-01-01 0 days 1,654 sqft
2022-02-01 0 days 1,564 sqft
2022-03-01 0 days 1,556 sqft
2022-04-01 0 days 1,596 sqft
2022-05-01 0 days 1,579 sqft
2022-06-01 0 days 1,586 sqft
2022-07-01 0 days 1,664 sqft
2022-08-01 0 days 1,603 sqft
2022-09-01 0 days 1,586 sqft
2022-10-01 0 days 1,596 sqft
2022-11-01 0 days 1,674 sqft
2022-12-01 0 days 1,676 sqft
2023-01-01 0 days 1,720 sqft
2023-02-01 0 days 1,567 sqft
2023-03-01 0 days 1,592 sqft
2023-04-01 0 days 1,560 sqft
2023-05-01 0 days 1,619 sqft
2023-06-01 0 days 1,682 sqft
2023-07-01 0 days 1,578 sqft
2023-08-01 0 days 1,565 sqft
2023-09-01 0 days 1,530 sqft
2023-10-01 0 days 1,576 sqft
2023-11-01 0 days 1,574 sqft
2023-12-01 0 days 1,568 sqft
2024-01-01 0 days 1,539 sqft
2024-02-01 0 days 1,537 sqft
2024-03-01 0 days 1,508 sqft
2024-04-01 0 days 1,562 sqft
2024-05-01 0 days 1,584 sqft
2024-06-01 0 days 1,648 sqft
2024-07-01 0 days 1,696 sqft
2024-08-01 0 days 1,684 sqft
2024-09-01 0 days 1,667 sqft
2024-10-01 0 days 1,666 sqft
Cambridge's median listing age (time on market) for 2024-10-01 was 0 days.

Cambridge's median square footage for active listings during the 2024-10-01 period was 1,666 sqft. One year prior, the average listing was 1,576 sqft.