Concord USDA Loan Rates, Closing Costs & Stats

Concord, NH

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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.

    Concord's 5 lenders originated 6 USDA loans during 2022. The total origination value was $1,600,000, with an average USDA loan value of $266,667.

    Concord USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Concord averaged 6.3% for the week of 2023-05-26, compared to the national average (all USDA variants) of 6.63% for the same period.

    Concord's average USDA mortgage closing costs are $8,154.

    The average rate for the prior week (2023-05-19) was 6.04% and one month ago for the week of 2023-04-21, the average rate was 6.35%.

    The average rate one year ago was 5.27%.

    For refis of the same type during the week of 2023-05-26, the average rate was 5.15%.

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

    Concord 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 Concord level.

    Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    CMG MORTGAGE, INC. 2 4.31% $6,926
    Carrington Mortgage Services, LLC 1 2.63% $5,165
    CHURCHILL MORTGAGE CORPORATION 1 3.25% $5,222
    GUILD MORTGAGE COMPANY 1 6.00% $6,217
    UNITED WHOLESALE MORTGAGE, LLC 1 5.75% $6,728

    The top Concord USDA lender as defined by loan originations is CMG MORTGAGE, INC., with 2 USDA loans originated. Their average total fees are $6,926, which is $1,760 higher than the next largest lender, Carrington Mortgage Services, LLC.

    The lowest fee Concord USDA lenders (with over 10 loans originated) are .

    The lowest rate Concord USDA lenders (with over 10 loans originated) are .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Concord (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 $306,400 (13.8%) $375,332 (17.0%) 1.14 410
    2018-02-01 $322,225 (17.0%) $383,758 (16.6%) 1.17 360
    2018-03-01 $329,999 (17.9%) $374,482 (10.6%) 1.16 352
    2018-04-01 $329,725 (17.8%) $376,714 (7.7%) 1.12 419
    2018-05-01 $322,225 (8.9%) $375,677 (3.9%) 1.08 502
    2018-06-01 $319,900 (6.7%) $380,713 (3.4%) 1.07 583
    2018-07-01 $314,900 (5.1%) $381,305 (3.7%) 1.05 607
    2018-08-01 $309,700 (3.3%) $385,074 (5.4%) 1.04 637
    2018-09-01 $304,995 (5.2%) $385,702 (7.0%) 1.03 669
    2018-10-01 $309,450 (5.1%) $388,495 (7.6%) 1.05 644
    2018-11-01 $299,950 (4.4%) $386,394 (8.8%) 1.02 564
    2018-12-01 $299,900 (2.6%) $382,870 (6.0%) 1.03 465
    2019-01-01 $299,950 (-2.1%) $390,593 (4.1%) 1.04 392
    2019-02-01 $307,950 (-4.4%) $398,088 (3.7%) 1.04 368
    2019-03-01 $324,900 (-1.6%) $402,093 (7.4%) 1.08 355
    2019-04-01 $335,038 (1.6%) $402,998 (7.0%) 1.06 396
    2019-05-01 $322,425 (0.1%) $384,558 (2.4%) 1.01 465
    2019-06-01 $324,900 (1.6%) $412,306 (8.3%) 1.02 495
    2019-07-01 $319,450 (1.4%) $412,631 (8.2%) 1.00 499
    2019-08-01 $329,500 (6.4%) $425,385 (10.5%) 1.03 492
    2019-09-01 $333,000 (9.2%) $414,692 (7.5%) 1.05 455
    2019-10-01 $312,450 (1.0%) $397,701 (2.4%) 1.01 461
    2019-11-01 $306,000 (2.0%) $391,813 (1.4%) 1.00 398
    2019-12-01 $299,700 (-0.1%) $384,318 (0.4%) 1.00 326
    2020-01-01 $300,000 (0.0%) $391,679 (0.3%) 1.00 261
    2020-02-01 $329,000 (6.8%) $413,076 (3.8%) 1.08 250
    2020-03-01 $349,000 (7.4%) $416,792 (3.7%) 1.09 267
    2020-04-01 $357,400 (6.7%) $417,121 (3.5%) 1.12 275
    2020-05-01 $362,400 (12.4%) $427,036 (11.1%) 1.10 261
    2020-06-01 $377,450 (16.2%) $464,939 (12.8%) 1.11 270
    2020-07-01 $374,450 (17.2%) $470,342 (14.0%) 1.09 232
    2020-08-01 $374,950 (13.8%) $451,757 (6.2%) 1.07 235
    2020-09-01 $367,425 (10.3%) $435,320 (5.0%) 1.05 242
    2020-10-01 $339,450 (8.6%) $423,861 (6.6%) 0.97 228
    2020-11-01 $348,700 (14.0%) $446,388 (13.9%) 1.02 182
    2020-12-01 $334,475 (11.6%) $444,035 (15.5%) 0.99 144
    2021-01-01 $339,450 (13.2%) $435,972 (11.3%) 1.01 104
    2021-02-01 $356,000 (8.2%) $475,290 (15.1%) 1.04 87
    2021-03-01 $346,975 (-0.6%) $458,819 (10.1%) 0.98 100
    2021-04-01 $380,450 (6.5%) $475,947 (14.1%) 1.03 111
    2021-05-01 $375,000 (3.5%) $498,344 (16.7%) 1.00 161
    2021-06-01 $377,000 (-0.1%) $496,579 (6.8%) 0.99 207
    2021-07-01 $417,500 (11.5%) $548,428 (16.6%) 1.10 209
    2021-08-01 $390,925 (4.3%) $543,591 (20.3%) 1.04 197
    2021-09-01 $399,675 (8.8%) $518,592 (19.1%) 1.07 192
    2021-10-01 $389,900 (14.9%) $522,466 (23.3%) 1.04 172
    2021-11-01 $399,725 (14.6%) $533,915 (19.6%) 1.07 136
    2021-12-01 $450,500 (34.7%) $540,135 (21.6%) 1.22 99
    2022-01-01 $419,900 (23.7%) $529,512 (21.5%) 1.14 82
    2022-02-01 $472,400 (32.7%) $591,226 (24.4%) 1.23 68
    2022-03-01 $437,225 (26.0%) $530,412 (15.6%) 1.09 91
    2022-04-01 $429,999 (13.0%) $609,087 (28.0%) 1.03 108
    2022-05-01 $449,950 (20.0%) $568,970 (14.2%) 1.03 128
    2022-06-01 $461,000 (22.3%) $588,336 (18.5%) 1.03 177
    2022-07-01 $497,000 (19.0%) $624,410 (13.9%) 1.12 214
    2022-08-01 $484,975 (24.1%) $607,692 (11.8%) 1.12 216
    2022-09-01 $484,725 (21.3%) $597,259 (15.2%) 1.13 204
    2022-10-01 $494,450 (26.8%) $571,209 (9.3%) 1.16 200
    2022-11-01 $491,175 (22.9%) $555,803 (4.1%) 1.18 200
    2022-12-01 $499,900 (11.0%) $557,403 (3.2%) 1.23 163
    2023-01-01 $499,500 (19.0%) $549,914 (3.9%) 1.24 121
    2023-02-01 $522,475 (10.6%) $561,487 (-5.0%) 1.26 87
    2023-03-01 $509,950 (16.6%) $553,866 (4.4%) 1.20 83
    2023-04-01 $522,450 (21.5%) $590,923 (-3.0%) 1.22 97
    Concord's median listing price for 2023-04-01 was $522,450, a difference of $92,451 (21.5%) versus the prior year and $12,500 versus the prior month.

    Concord's median listing price comes in at 122% of the national average.

    Concord's average listing price for 2023-04-01 was $590,923, a difference of $-18,164 (-3.0%) versus the prior year and $37,057 versus the prior month.

    For the 2023-04-01 period, Concord had 97 MLS listings, a difference of 14 listings (17%) versus the prior month and -11 listings (-10%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Concord (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 103 days 2,192 sqft
    2018-02-01 109 days 2,173 sqft
    2018-03-01 80 days 2,217 sqft
    2018-04-01 53 days 2,209 sqft
    2018-05-01 45 days 2,170 sqft
    2018-06-01 41 days 2,168 sqft
    2018-07-01 52 days 2,187 sqft
    2018-08-01 57 days 2,185 sqft
    2018-09-01 63 days 2,179 sqft
    2018-10-01 70 days 2,214 sqft
    2018-11-01 81 days 2,197 sqft
    2018-12-01 96 days 2,122 sqft
    2019-01-01 95 days 2,152 sqft
    2019-02-01 101 days 2,089 sqft
    2019-03-01 70 days 2,090 sqft
    2019-04-01 47 days 2,122 sqft
    2019-05-01 44 days 2,106 sqft
    2019-06-01 45 days 2,128 sqft
    2019-07-01 51 days 2,082 sqft
    2019-08-01 64 days 2,132 sqft
    2019-09-01 71 days 2,163 sqft
    2019-10-01 65 days 2,096 sqft
    2019-11-01 72 days 2,068 sqft
    2019-12-01 86 days 1,978 sqft
    2020-01-01 91 days 2,026 sqft
    2020-02-01 75 days 2,065 sqft
    2020-03-01 49 days 2,076 sqft
    2020-04-01 53 days 2,139 sqft
    2020-05-01 57 days 2,125 sqft
    2020-06-01 35 days 2,172 sqft
    2020-07-01 42 days 2,199 sqft
    2020-08-01 46 days 2,222 sqft
    2020-09-01 35 days 2,080 sqft
    2020-10-01 42 days 2,001 sqft
    2020-11-01 48 days 2,033 sqft
    2020-12-01 58 days 1,901 sqft
    2021-01-01 52 days 1,846 sqft
    2021-02-01 31 days 1,800 sqft
    2021-03-01 18 days 1,727 sqft
    2021-04-01 14 days 1,826 sqft
    2021-05-01 14 days 2,072 sqft
    2021-06-01 17 days 2,068 sqft
    2021-07-01 25 days 2,191 sqft
    2021-08-01 35 days 2,130 sqft
    2021-09-01 34 days 2,096 sqft
    2021-10-01 37 days 1,998 sqft
    2021-11-01 42 days 1,947 sqft
    2021-12-01 50 days 1,979 sqft
    2022-01-01 50 days 1,883 sqft
    2022-02-01 28 days 1,952 sqft
    2022-03-01 15 days 1,854 sqft
    2022-04-01 12 days 1,872 sqft
    2022-05-01 16 days 1,922 sqft
    2022-06-01 13 days 1,947 sqft
    2022-07-01 24 days 2,118 sqft
    2022-08-01 35 days 2,104 sqft
    2022-09-01 41 days 2,139 sqft
    2022-10-01 43 days 2,099 sqft
    2022-11-01 43 days 2,058 sqft
    2022-12-01 57 days 2,052 sqft
    2023-01-01 68 days 2,073 sqft
    2023-02-01 70 days 2,022 sqft
    2023-03-01 37 days 1,889 sqft
    2023-04-01 17 days 2,043 sqft
    Concord's median listing age (time on market) for 2023-04-01 was 17 days. This is 48% longer than the same period one year ago.

    Concord's median square footage for active listings during the 2023-04-01 period was 2,043 sqft. One year prior, the average listing was 1,872 sqft.