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
6.67%
for the week of 2024-04-19, compared to the national average (all USDA variants) of
6.863% for the same period.
Cambridge's average USDA mortgage closing costs are $5,995.
The average rate for the prior week (2024-04-12) was
6.43% and
one month ago for the week of 2024-03-15, the
average rate was 6.31%.
The average rate one year ago was 6.35%.
For refis of the same type during the week of 2024-04-19, the average rate
was 7.06%.
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 |
Cambridge's median listing price comes in at 0% of the national average.
Cambridge's average listing price for 2024-03-01 was $356,043, a difference of $4,072 (1.2%) versus the prior year and $6,105 versus the prior month.
For the 2024-03-01 period, Cambridge had 124 MLS listings, a difference of 5 listings (4%) versus the prior month and 9 listings (8%) 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 |
Cambridge's median square footage for active listings during the 2024-03-01 period was 1,508 sqft. One year prior, the average listing was 1,592 sqft.