Cambridge USDA Loan Rates, Closing Costs & Stats

Cambridge, MD

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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.

    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 6.01% for the week of 2024-12-13, compared to the national average (all USDA variants) of 6.303% for the same period.

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

    The average rate for the prior week (2024-12-06) was 6.25% and one month ago for the week of 2024-11-08, the average rate was 6.57%.

    The average rate one year ago was 6.93%.

    For refis of the same type during the week of 2024-12-13, the average rate was 6.3%.

    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
    2024-11-01 $298,250 (7.5%) $347,683 (-0.3%) 0.00 159
    Cambridge's median listing price for 2024-11-01 was $298,250, a difference of $20,750 (7.5%) versus the prior year and $-6,223 versus the prior month.

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

    Cambridge's average listing price for 2024-11-01 was $347,683, a difference of $-1,057 (-0.3%) versus the prior year and $-17,903 versus the prior month.

    For the 2024-11-01 period, Cambridge had 159 MLS listings, a difference of 1 listings (1%) versus the prior month and 21 listings (15%) 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
    2024-11-01 0 days 1,662 sqft
    Cambridge's median listing age (time on market) for 2024-11-01 was 0 days.

    Cambridge's median square footage for active listings during the 2024-11-01 period was 1,662 sqft. One year prior, the average listing was 1,574 sqft.