Camden USDA Loans

CAMDEN, NJ

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.

Camden's 58 lenders originated 163 USDA loans during 2021. The total origination value was $35,035,000, with an average USDA loan value of $214,939.

Camden USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Camden averaged 4.37% for the week of 2022-03-25, compared to the national average (all USDA variants) of 4.554% for the same period.

The average rate for the prior week (2022-03-18) was 4.19% and one month ago for the week of 2022-02-18, the average rate was 4%.

The average rate one year ago was 3.29%.

For refis of the same type during the week of 2022-03-25, the average rate was 4.2%.

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

Camden USDA Loan Lenders by Rates & Fees

The below table looks at the average fees and rates for USDA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Camden level.

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
GREENTREE MORTGAGE COMPANY, L.P. 16 3.02% $5,301
CROSSCOUNTRY MORTGAGE, LLC 8 2.89% $6,546
Northpointe Bank 8 2.70% $5,609
ALLIED MORTGAGE GROUP, INC. 8 3.19% $5,904
Gateway First Bank 8 2.91% $4,993
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 6 2.94% $6,354
NATION ONE MORTGAGE CORPORATION 6 3.48% $7,839
Advisors Mortgage Group, L.L.C. 5 2.70% $6,244
Evesham Mortgage, LLC 4 2.72% $5,177
1st Colonial Community Bank 4 2.66% $5,201
NFM, INC. 4 3.25% $8,073
Acre Mortgage and Financial Inc 4 2.88% $9,544
MORTGAGE ACCESS CORP. 4 3.25% $7,096
Equity Prime Mortgage LLC 4 3.13% $4,276
FAMILY FIRST FUNDING LLC 3 2.92% $8,025
Prosperity Home Mortgage, LLC 3 3.50% $6,093
EMM LOANS LLC 3 2.92% $8,198
PENNYMAC LOAN SERVICES, LLC 3 2.75% $4,536
ABSOLUTE HOME MORTGAGE CORPORATION 3 2.79% $6,440
AMERICAN FINANCIAL NETWORK, INC. 3 3.00% $10,312
FINANCE OF AMERICA MORTGAGE LLC 2 2.88% $7,122
CALIBER HOME LOANS, INC. 2 2.50% $8,890
Carrington Mortgage Services, LLC 2 3.44% $6,059
ENVOY MORTGAGE, LTD 2 3.06% $7,924
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 3.24% $6,176
GENEVA FINANCIAL, LLC 2 3.31% $6,764
HOME POINT FINANCIAL CORPORATION 2 2.75% $3,997
Keystone Funding, Inc. 2 2.63% $4,966
LAKEVIEW LOAN SERVICING, LLC 2 2.81% $3,930
Republic Bank 2 2.88% $5,372
STEARNS LENDING, LLC 2 2.50% $6,936
TOWNE MORTGAGE COMPANY 2 3.44% $6,668
Summit Mortgage Corporation 1 3.13% $5,401
Wilmington Savings Fund Society, FSB 1 2.88% $5,867
CONTOUR MORTGAGE CORPORATION 1 2.50% $6,091
MOVEMENT MORTGAGE, LLC 1 2.63% $4,679
BROKER SOLUTIONS, INC. 1 3.38% $6,900
Nations Lending Corporation 1 2.50% $8,277
BAYSHORE MORTGAGE FUNDING, LLC 1 3.38% $7,379
NJ LENDERS CORP. 1 2.38% $6,390
Northeast Equitable Mortgage, LLC 1 2.75% $6,798
Barrington Bank & Trust Company, N.A. 1 3.38% $5,906
NVR Mortgage Finance, Inc. 1 2.75% $10,808
OCEANSIDE MORTGAGE COMPANY 1 3.13% $1,095
Paramount Residential Mortgage Group, Inc. 1 2.88% $5,593
AmRes Corporation 1 2.88% $4,881
Philadelphia Mortgage Advisors, Inc. 1 2.88% $4,740
PRIMARY RESIDENTIAL MORTGAGE, INC. 1 2.88% $6,582
AMERICAN FINANCIAL RESOURCES, INC. 1 3.50% $4,408
UNITED WHOLESALE MORTGAGE, LLC 1 2.88% $10,425
ROUNDPOINT MORTGAGE SERVICING CORPORATION 1 2.88% $9,633
FREEDOM MORTGAGE CORPORATION 1 2.75% $4,915
Flagstar Bank, FSB 1 3.25% $1,408
US MORTGAGE CORPORATION 1 3.00% $7,130
Financial Freedom Mortgage, LLC 1 3.25% $1,843
HOMEBRIDGE FINANCIAL SERVICES, INC. 1 2.25% $6,171
SUCCESS MORTGAGE PARTNERS, INC. 1 3.50% $5,469
JERSEY MORTGAGE COMPANY OF NEW JERSEY, INC. 1 2.99% $7,306

The top Camden USDA lender as defined by loan originations is GREENTREE MORTGAGE COMPANY, L.P., with 16 USDA loans originated. Their average total fees are $5,301, which is $1,245 lower than the next largest lender, CROSSCOUNTRY MORTGAGE, LLC.

The lowest fee Camden USDA lenders (with over 10 loans originated) are GREENTREE MORTGAGE COMPANY, L.P. ($5,301), .

The lowest rate Camden USDA lenders (with over 10 loans originated) are GREENTREE MORTGAGE COMPANY, L.P. (3.02%), .


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Camden (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 $229,995 (5.0%) $343,281 (3.3%) 0.85 20,339
2018-02-01 $237,000 (7.8%) $345,647 (2.3%) 0.85 20,590
2018-03-01 $240,000 (4.7%) $355,764 (2.7%) 0.83 19,886
2018-04-01 $249,950 (6.4%) $369,050 (3.8%) 0.84 20,785
2018-05-01 $264,500 (8.0%) $383,010 (5.4%) 0.88 21,602
2018-06-01 $269,000 (8.1%) $388,456 (5.5%) 0.90 22,210
2018-07-01 $269,450 (7.8%) $387,880 (6.1%) 0.90 22,358
2018-08-01 $262,450 (5.7%) $382,698 (6.2%) 0.88 22,361
2018-09-01 $262,000 (6.1%) $382,055 (5.6%) 0.88 22,688
2018-10-01 $264,950 (6.0%) $382,170 (4.5%) 0.89 23,033
2018-11-01 $263,522 (8.7%) $379,513 (7.4%) 0.88 22,287
2018-12-01 $254,900 (7.5%) $373,201 (7.6%) 0.87 20,457
2019-01-01 $249,900 (8.7%) $363,923 (6.0%) 0.86 18,903
2019-02-01 $251,500 (6.1%) $368,398 (6.6%) 0.84 18,647
2019-03-01 $265,286 (10.5%) $383,560 (7.8%) 0.86 19,042
2019-04-01 $275,000 (10.0%) $395,831 (7.3%) 0.87 19,536
2019-05-01 $287,950 (8.9%) $406,697 (6.2%) 0.89 20,302
2019-06-01 $289,900 (7.8%) $408,518 (5.2%) 0.89 20,743
2019-07-01 $287,000 (6.5%) $406,737 (4.9%) 0.89 20,591
2019-08-01 $289,286 (10.2%) $409,485 (7.0%) 0.91 19,629
2019-09-01 $297,000 (13.4%) $421,214 (10.3%) 0.94 18,514
2019-10-01 $299,000 (12.9%) $428,117 (12.0%) 0.95 18,561
2019-11-01 $295,000 (12.0%) $423,999 (11.7%) 0.95 17,530
2019-12-01 $287,604 (12.8%) $422,320 (13.2%) 0.96 15,078
2020-01-01 $285,000 (14.1%) $420,342 (15.5%) 0.95 13,657
2020-02-01 $291,900 (16.1%) $433,129 (17.6%) 0.94 13,176
2020-03-01 $299,950 (13.1%) $447,228 (16.6%) 0.94 13,245
2020-04-01 $299,900 (9.1%) $445,648 (12.6%) 0.93 11,986
2020-05-01 $311,131 (8.1%) $454,994 (11.9%) 0.94 12,462
2020-06-01 $327,450 (13.0%) $475,821 (16.5%) 0.96 12,455
2020-07-01 $339,950 (18.5%) $496,733 (22.1%) 0.97 11,429
2020-08-01 $342,900 (18.5%) $506,456 (23.7%) 0.98 10,834
2020-09-01 $343,032 (15.5%) $510,361 (21.2%) 0.98 10,799
2020-10-01 $349,000 (16.7%) $516,866 (20.7%) 1.00 10,808
2020-11-01 $339,500 (15.1%) $512,902 (21.0%) 0.97 10,399
2020-12-01 $327,000 (13.7%) $505,018 (19.6%) 0.96 9,091
2021-01-01 $324,000 (13.7%) $507,994 (20.9%) 0.95 7,911
2021-02-01 $322,450 (10.5%) $518,908 (19.8%) 0.93 7,113
2021-03-01 $325,000 (8.4%) $529,998 (18.5%) 0.91 7,227
2021-04-01 $339,450 (13.2%) $546,861 (22.7%) 0.91 7,574
2021-05-01 $339,900 (9.3%) $526,530 (15.7%) 0.89 8,161
2021-06-01 $334,900 (2.3%) $504,213 (6.0%) 0.87 9,826
2021-07-01 $325,000 (-4.4%) $490,693 (-1.2%) 0.84 10,530
2021-08-01 $320,000 (-6.7%) $473,091 (-6.6%) 0.84 10,911
2021-09-01 $319,950 (-6.7%) $470,053 (-7.9%) 0.84 10,970
2021-10-01 $319,999 (-8.3%) $472,739 (-8.5%) 0.84 10,623
2021-11-01 $312,450 (-8.0%) $472,371 (-7.9%) 0.82 9,729
2021-12-01 $299,950 (-8.3%) $468,154 (-7.3%) 0.80 8,358
2022-01-01 $299,900 (-7.4%) $479,692 (-5.6%) 0.80 6,917
Camden's median listing price for 2022-01-01 was $299,900, a difference of $-24,100 (-7.4%) versus the prior year and $-50 versus the prior month.

Camden's median listing price comes in at 80% of the national average.

Camden's average listing price for 2022-01-01 was $479,692, a difference of $-28,302 (-5.6%) versus the prior year and $11,538 versus the prior month.

For the 2022-01-01 period, Camden had 6,917 MLS listings, a difference of -1,441 listings (-17%) versus the prior month and -994 listings (-13%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Camden (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 87 days 1,700 sqft
2018-02-01 80 days 1,702 sqft
2018-03-01 59 days 1,714 sqft
2018-04-01 55 days 1,749 sqft
2018-05-01 52 days 1,795 sqft
2018-06-01 53 days 1,820 sqft
2018-07-01 60 days 1,824 sqft
2018-08-01 63 days 1,803 sqft
2018-09-01 64 days 1,800 sqft
2018-10-01 64 days 1,800 sqft
2018-11-01 66 days 1,800 sqft
2018-12-01 75 days 1,780 sqft
2019-01-01 83 days 1,806 sqft
2019-02-01 79 days 1,853 sqft
2019-03-01 57 days 1,853 sqft
2019-04-01 49 days 1,853 sqft
2019-05-01 48 days 1,878 sqft
2019-06-01 52 days 1,884 sqft
2019-07-01 59 days 1,860 sqft
2019-08-01 63 days 1,864 sqft
2019-09-01 63 days 1,892 sqft
2019-10-01 61 days 1,890 sqft
2019-11-01 64 days 1,853 sqft
2019-12-01 75 days 1,832 sqft
2020-01-01 82 days 1,800 sqft
2020-02-01 69 days 1,825 sqft
2020-03-01 49 days 1,849 sqft
2020-04-01 62 days 1,831 sqft
2020-05-01 73 days 1,864 sqft
2020-06-01 59 days 1,885 sqft
2020-07-01 46 days 1,879 sqft
2020-08-01 45 days 1,850 sqft
2020-09-01 43 days 1,797 sqft
2020-10-01 48 days 1,786 sqft
2020-11-01 52 days 1,745 sqft
2020-12-01 61 days 1,688 sqft
2021-01-01 70 days 1,643 sqft
2021-02-01 65 days 1,618 sqft
2021-03-01 48 days 1,628 sqft
2021-04-01 40 days 1,663 sqft
2021-05-01 38 days 1,680 sqft
2021-06-01 37 days 1,671 sqft
2021-07-01 41 days 1,655 sqft
2021-08-01 43 days 1,625 sqft
2021-09-01 47 days 1,605 sqft
2021-10-01 49 days 1,598 sqft
2021-11-01 51 days 1,558 sqft
2021-12-01 58 days 1,533 sqft
2022-01-01 65 days 1,508 sqft
Camden's median listing age (time on market) for 2022-01-01 was 65 days. This is -7% shorter than the same period one year ago.

Camden's median square footage for active listings during the 2022-01-01 period was 1,508 sqft. One year prior, the average listing was 1,643 sqft.