Cambridge USDA Loan Rates, Closing Costs & Stats
CAMBRIDGE-NEWTON-FRAMINGHAM, MA
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 USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Cambridge
averaged
0%
for the week of 2023-04-07, compared to the national average (all USDA variants) of
6.263% for the same period.
Cambridge's average USDA mortgage closing costs are $0.
The average rate for the prior week (2023-03-31) was
0% and
one month ago for the week of 2023-03-03, the
average rate was 0%.
The average rate one year ago was 0%.
For refis of the same type during the week of 2023-04-07, the average rate
was 0%.
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 | 2022 Avg. 30yFix Rate | 2022 Avg. Closing Costs |
|---|
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 | $529,450 (6.0%) | $858,987 (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%) | $907,100 (4.8%) | 2.02 | 6,566 |
| 2018-04-01 | $579,900 (5.5%) | $899,962 (2.9%) | 1.97 | 7,728 |
| 2018-05-01 | $584,900 (6.3%) | $896,109 (3.6%) | 1.95 | 8,784 |
| 2018-06-01 | $579,000 (5.3%) | $876,249 (2.5%) | 1.93 | 10,209 |
| 2018-07-01 | $559,450 (1.9%) | $857,084 (1.9%) | 1.87 | 10,107 |
| 2018-08-01 | $549,221 (3.6%) | $825,027 (0.4%) | 1.84 | 10,163 |
| 2018-09-01 | $549,900 (3.8%) | $806,874 (-1.5%) | 1.85 | 11,374 |
| 2018-10-01 | $549,000 (1.7%) | $799,602 (-3.6%) | 1.86 | 11,629 |
| 2018-11-01 | $539,400 (-0.1%) | $798,331 (-3.9%) | 1.83 | 10,958 |
| 2018-12-01 | $535,000 (1.1%) | $798,852 (-5.6%) | 1.85 | 8,829 |
| 2019-01-01 | $533,153 (0.7%) | $806,479 (-6.1%) | 1.84 | 7,548 |
| 2019-02-01 | $549,450 (1.0%) | $851,412 (-2.8%) | 1.86 | 7,342 |
| 2019-03-01 | $571,386 (-0.6%) | $883,992 (-2.6%) | 1.87 | 8,069 |
| 2019-04-01 | $599,900 (3.5%) | $914,262 (1.6%) | 1.90 | 8,929 |
| 2019-05-01 | $602,450 (3.0%) | $923,103 (3.0%) | 1.88 | 9,956 |
| 2019-06-01 | $599,900 (3.6%) | $919,140 (4.9%) | 1.87 | 11,103 |
| 2019-07-01 | $599,900 (7.2%) | $910,925 (6.3%) | 1.88 | 10,611 |
| 2019-08-01 | $595,780 (8.5%) | $898,260 (8.9%) | 1.88 | 10,693 |
| 2019-09-01 | $589,599 (7.2%) | $887,145 (10.0%) | 1.89 | 10,888 |
| 2019-10-01 | $588,033 (7.1%) | $889,524 (11.3%) | 1.90 | 11,017 |
| 2019-11-01 | $589,900 (9.4%) | $915,519 (14.7%) | 1.93 | 9,643 |
| 2019-12-01 | $589,450 (10.2%) | $917,012 (14.8%) | 1.97 | 7,015 |
| 2020-01-01 | $586,450 (10.0%) | $930,307 (15.4%) | 1.96 | 5,784 |
| 2020-02-01 | $599,900 (9.2%) | $971,649 (14.1%) | 1.95 | 5,753 |
| 2020-03-01 | $629,900 (10.2%) | $980,194 (10.9%) | 1.97 | 6,620 |
| 2020-04-01 | $617,450 (2.9%) | $945,817 (3.5%) | 1.93 | 6,437 |
| 2020-05-01 | $629,900 (4.6%) | $945,278 (2.4%) | 1.91 | 7,202 |
| 2020-06-01 | $656,448 (9.4%) | $1,002,118 (9.0%) | 1.93 | 7,782 |
| 2020-07-01 | $677,000 (12.9%) | $1,036,368 (13.8%) | 1.96 | 7,393 |
| 2020-08-01 | $675,000 (13.3%) | $1,042,771 (16.1%) | 1.93 | 7,190 |
| 2020-09-01 | $672,500 (14.1%) | $1,038,852 (17.1%) | 1.92 | 7,578 |
| 2020-10-01 | $665,000 (13.1%) | $1,033,066 (16.1%) | 1.91 | 7,945 |
| 2020-11-01 | $654,450 (10.9%) | $1,028,284 (12.3%) | 1.91 | 7,088 |
| 2020-12-01 | $646,999 (9.8%) | $1,004,176 (9.5%) | 1.92 | 5,304 |
| 2021-01-01 | $659,000 (12.4%) | $1,075,105 (15.6%) | 1.97 | 4,101 |
| 2021-02-01 | $679,450 (13.3%) | $1,128,380 (16.1%) | 1.97 | 3,873 |
| 2021-03-01 | $682,350 (8.3%) | $1,144,192 (16.7%) | 1.94 | 4,269 |
| 2021-04-01 | $694,000 (12.4%) | $1,179,216 (24.7%) | 1.88 | 4,775 |
| 2021-05-01 | $699,900 (11.1%) | $1,180,369 (24.9%) | 1.85 | 4,883 |
| 2021-06-01 | $697,225 (6.2%) | $1,144,642 (14.2%) | 1.83 | 5,736 |
| 2021-07-01 | $669,900 (-1.1%) | $1,113,618 (7.5%) | 1.76 | 5,673 |
| 2021-08-01 | $650,000 (-3.7%) | $1,075,195 (3.1%) | 1.72 | 5,572 |
| 2021-09-01 | $671,000 (-0.2%) | $1,055,532 (1.6%) | 1.79 | 6,018 |
| 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 (7.0%) | $1,141,086 (13.6%) | 1.87 | 3,502 |
| 2022-01-01 | $716,500 (8.7%) | $1,220,200 (13.5%) | 1.94 | 2,675 |
| 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%) | 1.78 | 3,700 |
| 2022-05-01 | $757,500 (8.2%) | $1,242,168 (5.2%) | 1.73 | 4,474 |
| 2022-06-01 | $750,000 (7.6%) | $1,172,828 (2.5%) | 1.67 | 5,715 |
| 2022-07-01 | $739,900 (10.5%) | $1,110,720 (-0.3%) | 1.66 | 6,177 |
| 2022-08-01 | $725,000 (11.5%) | $1,108,135 (3.1%) | 1.67 | 5,758 |
| 2022-09-01 | $744,000 (10.9%) | $1,145,197 (8.5%) | 1.73 | 5,912 |
| 2022-10-01 | $749,000 (10.3%) | $1,169,524 (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%) | $1,200,260 (5.2%) | 1.85 | 4,406 |
| 2023-01-01 | $759,450 (6.0%) | $1,238,122 (1.5%) | 1.87 | 3,696 |
| 2023-02-01 | $799,000 (6.7%) | $1,345,591 (8.7%) | 1.93 | 3,433 |
| 2023-03-01 | $824,000 (10.0%) | $1,387,820 (10.7%) | 1.94 | 3,705 |
Cambridge's median listing price comes in at 194% of the national average.
Cambridge's average listing price for 2023-03-01 was $1,387,820, a difference of $133,846 (10.7%) versus the prior year and $42,229 versus the prior month.
For the 2023-03-01 period, Cambridge had 3,705 MLS listings, a difference of 272 listings (8%) versus the prior month and 716 listings (24%) 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 | 79 days | 2,008 sqft |
| 2018-02-01 | 67 days | 2,025 sqft |
| 2018-03-01 | 38 days | 2,061 sqft |
| 2018-04-01 | 31 days | 2,042 sqft |
| 2018-05-01 | 30 days | 2,055 sqft |
| 2018-06-01 | 33 days | 2,044 sqft |
| 2018-07-01 | 44 days | 2,033 sqft |
| 2018-08-01 | 47 days | 2,011 sqft |
| 2018-09-01 | 45 days | 1,989 sqft |
| 2018-10-01 | 45 days | 1,966 sqft |
| 2018-11-01 | 52 days | 1,946 sqft |
| 2018-12-01 | 66 days | 1,937 sqft |
| 2019-01-01 | 73 days | 1,907 sqft |
| 2019-02-01 | 63 days | 1,925 sqft |
| 2019-03-01 | 43 days | 1,973 sqft |
| 2019-04-01 | 34 days | 2,025 sqft |
| 2019-05-01 | 34 days | 2,045 sqft |
| 2019-06-01 | 38 days | 2,054 sqft |
| 2019-07-01 | 49 days | 2,036 sqft |
| 2019-08-01 | 50 days | 2,019 sqft |
| 2019-09-01 | 48 days | 1,997 sqft |
| 2019-10-01 | 46 days | 1,983 sqft |
| 2019-11-01 | 58 days | 1,981 sqft |
| 2019-12-01 | 77 days | 1,932 sqft |
| 2020-01-01 | 81 days | 1,909 sqft |
| 2020-02-01 | 46 days | 1,959 sqft |
| 2020-03-01 | 32 days | 2,000 sqft |
| 2020-04-01 | 46 days | 1,996 sqft |
| 2020-05-01 | 53 days | 2,000 sqft |
| 2020-06-01 | 33 days | 1,966 sqft |
| 2020-07-01 | 37 days | 1,890 sqft |
| 2020-08-01 | 38 days | 1,842 sqft |
| 2020-09-01 | 33 days | 1,733 sqft |
| 2020-10-01 | 32 days | 1,692 sqft |
| 2020-11-01 | 48 days | 1,668 sqft |
| 2020-12-01 | 63 days | 1,652 sqft |
| 2021-01-01 | 62 days | 1,640 sqft |
| 2021-02-01 | 36 days | 1,652 sqft |
| 2021-03-01 | 24 days | 1,665 sqft |
| 2021-04-01 | 19 days | 1,668 sqft |
| 2021-05-01 | 20 days | 1,693 sqft |
| 2021-06-01 | 20 days | 1,709 sqft |
| 2021-07-01 | 30 days | 1,710 sqft |
| 2021-08-01 | 32 days | 1,709 sqft |
| 2021-09-01 | 29 days | 1,685 sqft |
| 2021-10-01 | 30 days | 1,654 sqft |
| 2021-11-01 | 39 days | 1,630 sqft |
| 2021-12-01 | 50 days | 1,649 sqft |
| 2022-01-01 | 57 days | 1,650 sqft |
| 2022-02-01 | 25 days | 1,662 sqft |
| 2022-03-01 | 18 days | 1,672 sqft |
| 2022-04-01 | 16 days | 1,685 sqft |
| 2022-05-01 | 16 days | 1,787 sqft |
| 2022-06-01 | 18 days | 1,813 sqft |
| 2022-07-01 | 27 days | 1,826 sqft |
| 2022-08-01 | 35 days | 1,832 sqft |
| 2022-09-01 | 34 days | 1,815 sqft |
| 2022-10-01 | 32 days | 1,812 sqft |
| 2022-11-01 | 42 days | 1,804 sqft |
| 2022-12-01 | 58 days | 1,836 sqft |
| 2023-01-01 | 63 days | 1,841 sqft |
| 2023-02-01 | 38 days | 1,862 sqft |
| 2023-03-01 | 30 days | 1,860 sqft |
Cambridge's median square footage for active listings during the 2023-03-01 period was 1,860 sqft. One year prior, the average listing was 1,672 sqft.