Concord USDA Loan Rates, Closing Costs & Stats

Concord, NH

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.