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 2024-01-19, compared to the national average (all USDA variants) of
0% for the same period.
Cambridge's average USDA mortgage closing costs are $0.
The average rate for the prior week (2024-01-12) was
0% and
one month ago for the week of 2023-12-15, the
average rate was 0%.
The average rate one year ago was 0%.
For refis of the same type during the week of 2024-01-19, 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%) | $858,963 (4.0%) | 1.96 | 6,024 |
| 2018-02-01 | $543,925 (5.6%) | $875,791 (3.2%) | 1.97 | 6,008 |
| 2018-03-01 | $574,900 (6.5%) | $907,076 (4.8%) | 2.02 | 6,565 |
| 2018-04-01 | $579,900 (5.5%) | $900,058 (2.9%) | 1.97 | 7,726 |
| 2018-05-01 | $584,950 (6.2%) | $896,274 (3.6%) | 1.95 | 8,781 |
| 2018-06-01 | $579,000 (5.3%) | $876,372 (2.5%) | 1.93 | 10,205 |
| 2018-07-01 | $559,450 (1.9%) | $857,233 (1.9%) | 1.87 | 10,103 |
| 2018-08-01 | $549,250 (3.6%) | $825,211 (0.4%) | 1.84 | 10,158 |
| 2018-09-01 | $549,900 (3.8%) | $806,990 (-1.4%) | 1.85 | 11,371 |
| 2018-10-01 | $549,000 (1.7%) | $799,639 (-3.4%) | 1.86 | 11,625 |
| 2018-11-01 | $539,450 (-0.1%) | $798,284 (-3.9%) | 1.83 | 10,955 |
| 2018-12-01 | $535,000 (1.1%) | $798,729 (-5.6%) | 1.85 | 8,824 |
| 2019-01-01 | $533,900 (0.8%) | $806,251 (-6.1%) | 1.84 | 7,542 |
| 2019-02-01 | $549,450 (1.0%) | $851,143 (-2.8%) | 1.86 | 7,336 |
| 2019-03-01 | $571,386 (-0.6%) | $884,062 (-2.5%) | 1.87 | 8,059 |
| 2019-04-01 | $599,900 (3.5%) | $914,562 (1.6%) | 1.90 | 8,915 |
| 2019-05-01 | $602,450 (3.0%) | $922,731 (3.0%) | 1.88 | 9,950 |
| 2019-06-01 | $599,900 (3.6%) | $918,784 (4.8%) | 1.87 | 11,096 |
| 2019-07-01 | $599,900 (7.2%) | $910,775 (6.3%) | 1.88 | 10,604 |
| 2019-08-01 | $595,643 (8.5%) | $898,138 (8.8%) | 1.89 | 10,685 |
| 2019-09-01 | $589,259 (7.2%) | $887,066 (9.9%) | 1.89 | 10,878 |
| 2019-10-01 | $587,806 (7.1%) | $889,481 (11.2%) | 1.90 | 11,006 |
| 2019-11-01 | $589,900 (9.4%) | $915,321 (14.7%) | 1.93 | 9,635 |
| 2019-12-01 | $589,450 (10.2%) | $917,211 (14.8%) | 1.97 | 7,007 |
| 2020-01-01 | $586,600 (9.9%) | $930,603 (15.4%) | 1.96 | 5,779 |
| 2020-02-01 | $599,900 (9.2%) | $971,896 (14.2%) | 1.96 | 5,750 |
| 2020-03-01 | $629,900 (10.2%) | $980,367 (10.9%) | 1.97 | 6,617 |
| 2020-04-01 | $617,450 (2.9%) | $945,955 (3.4%) | 1.93 | 6,435 |
| 2020-05-01 | $629,900 (4.6%) | $945,400 (2.5%) | 1.91 | 7,200 |
| 2020-06-01 | $656,699 (9.5%) | $1,002,177 (9.1%) | 1.93 | 7,782 |
| 2020-07-01 | $677,000 (12.9%) | $1,036,335 (13.8%) | 1.96 | 7,395 |
| 2020-08-01 | $675,000 (13.3%) | $1,042,698 (16.1%) | 1.93 | 7,191 |
| 2020-09-01 | $672,500 (14.1%) | $1,038,799 (17.1%) | 1.93 | 7,579 |
| 2020-10-01 | $665,000 (13.1%) | $1,033,141 (16.2%) | 1.91 | 7,944 |
| 2020-11-01 | $654,450 (10.9%) | $1,028,460 (12.4%) | 1.91 | 7,085 |
| 2020-12-01 | $647,450 (9.8%) | $1,004,412 (9.5%) | 1.93 | 5,301 |
| 2021-01-01 | $659,000 (12.3%) | $1,075,330 (15.6%) | 1.97 | 4,099 |
| 2021-02-01 | $679,450 (13.3%) | $1,128,313 (16.1%) | 1.98 | 3,872 |
| 2021-03-01 | $682,250 (8.3%) | $1,144,108 (16.7%) | 1.94 | 4,267 |
| 2021-04-01 | $694,000 (12.4%) | $1,179,014 (24.6%) | 1.88 | 4,773 |
| 2021-05-01 | $699,800 (11.1%) | $1,180,392 (24.9%) | 1.86 | 4,879 |
| 2021-06-01 | $697,225 (6.2%) | $1,144,455 (14.2%) | 1.84 | 5,738 |
| 2021-07-01 | $669,900 (-1.1%) | $1,113,575 (7.5%) | 1.77 | 5,674 |
| 2021-08-01 | $650,000 (-3.7%) | $1,075,177 (3.1%) | 1.73 | 5,574 |
| 2021-09-01 | $671,000 (-0.2%) | $1,055,466 (1.6%) | 1.79 | 6,019 |
| 2021-10-01 | $679,000 (2.1%) | $1,062,835 (2.9%) | 1.81 | 5,929 |
| 2021-11-01 | $674,577 (3.1%) | $1,073,504 (4.4%) | 1.80 | 4,935 |
| 2021-12-01 | $692,000 (6.9%) | $1,141,128 (13.6%) | 1.87 | 3,501 |
| 2022-01-01 | $715,000 (8.5%) | $1,220,127 (13.5%) | 1.93 | 2,675 |
| 2022-02-01 | $749,000 (10.2%) | $1,237,957 (9.7%) | 1.95 | 2,637 |
| 2022-03-01 | $749,450 (9.9%) | $1,254,177 (9.6%) | 1.88 | 2,991 |
| 2022-04-01 | $749,450 (8.0%) | $1,243,532 (5.5%) | 1.79 | 3,701 |
| 2022-05-01 | $757,500 (8.3%) | $1,242,269 (5.2%) | 1.73 | 4,474 |
| 2022-06-01 | $750,000 (7.6%) | $1,172,907 (2.5%) | 1.67 | 5,715 |
| 2022-07-01 | $739,900 (10.5%) | $1,110,707 (-0.3%) | 1.67 | 6,177 |
| 2022-08-01 | $725,000 (11.5%) | $1,108,059 (3.1%) | 1.68 | 5,759 |
| 2022-09-01 | $744,000 (10.9%) | $1,144,929 (8.5%) | 1.74 | 5,913 |
| 2022-10-01 | $749,000 (10.3%) | $1,169,289 (10.0%) | 1.76 | 6,223 |
| 2022-11-01 | $744,925 (10.4%) | $1,176,768 (9.6%) | 1.79 | 5,903 |
| 2022-12-01 | $749,000 (8.2%) | $1,199,762 (5.1%) | 1.85 | 4,407 |
| 2023-01-01 | $759,450 (6.2%) | $1,238,021 (1.5%) | 1.88 | 3,697 |
| 2023-02-01 | $799,000 (6.7%) | $1,345,477 (8.7%) | 1.93 | 3,433 |
| 2023-03-01 | $823,500 (9.9%) | $1,387,500 (10.6%) | 1.94 | 3,705 |
| 2023-04-01 | $839,000 (12.0%) | $1,422,134 (14.4%) | 1.95 | 4,059 |
| 2023-05-01 | $867,125 (14.5%) | $1,444,230 (16.3%) | 1.97 | 4,314 |
| 2023-06-01 | $866,443 (15.5%) | $1,425,311 (21.5%) | 1.95 | 4,806 |
| 2023-07-01 | $849,900 (14.9%) | $1,434,805 (29.2%) | 1.93 | 4,538 |
| 2023-08-01 | $844,200 (16.4%) | $1,418,399 (28.0%) | 1.94 | 4,530 |
| 2023-09-01 | $849,000 (14.1%) | $1,420,742 (24.1%) | 1.98 | 4,931 |
| 2023-10-01 | $837,374 (11.8%) | $1,400,665 (19.8%) | 1.97 | 5,351 |
| 2023-11-01 | $824,500 (10.7%) | $1,383,873 (17.6%) | 1.96 | 5,205 |
| 2023-12-01 | $800,000 (6.8%) | $1,388,573 (15.7%) | 1.95 | 4,062 |
Cambridge's median listing price comes in at 195% of the national average.
Cambridge's average listing price for 2023-12-01 was $1,388,573, a difference of $188,811 (15.7%) versus the prior year and $4,700 versus the prior month.
For the 2023-12-01 period, Cambridge had 4,062 MLS listings, a difference of -1,143 listings (-22%) versus the prior month and -345 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 | 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 | 2,056 sqft |
| 2018-06-01 | 32 days | 2,044 sqft |
| 2018-07-01 | 41 days | 2,034 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 | 46 days | 1,998 sqft |
| 2019-10-01 | 44 days | 1,983 sqft |
| 2019-11-01 | 55 days | 1,981 sqft |
| 2019-12-01 | 75 days | 1,932 sqft |
| 2020-01-01 | 78 days | 1,909 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 | 1,967 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 | 1,667 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 | 1,664 sqft |
| 2021-04-01 | 18 days | 1,668 sqft |
| 2021-05-01 | 19 days | 1,693 sqft |
| 2021-06-01 | 19 days | 1,711 sqft |
| 2021-07-01 | 29 days | 1,711 sqft |
| 2021-08-01 | 31 days | 1,710 sqft |
| 2021-09-01 | 28 days | 1,685 sqft |
| 2021-10-01 | 30 days | 1,656 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 | 1,673 sqft |
| 2022-04-01 | 15 days | 1,685 sqft |
| 2022-05-01 | 16 days | 1,788 sqft |
| 2022-06-01 | 18 days | 1,813 sqft |
| 2022-07-01 | 26 days | 1,825 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 | 1,840 sqft |
| 2023-02-01 | 37 days | 1,861 sqft |
| 2023-03-01 | 28 days | 1,860 sqft |
| 2023-04-01 | 25 days | 1,849 sqft |
| 2023-05-01 | 23 days | 1,919 sqft |
| 2023-06-01 | 24 days | 1,911 sqft |
| 2023-07-01 | 36 days | 1,896 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 |
Cambridge's median square footage for active listings during the 2023-12-01 period was 1,835 sqft. One year prior, the average listing was 1,836 sqft.