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%.
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. LouisDate | 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 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. LouisDate | 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 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.