Corning USDA Loan Rates, Closing Costs & Stats

Corning, NY

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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.

    Corning's 5 lenders originated 13 USDA loans during 2023. The total origination value was $1,585,000, with an average USDA loan value of $121,923.

    Corning USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Corning averaged -0.23% for the week of 2024-11-15, compared to the national average (all USDA variants) of 0% for the same period.

    Corning's average USDA mortgage closing costs are $4,054.

    The average rate for the prior week (2024-11-08) was 6.53% and one month ago for the week of 2024-10-11, the average rate was 6.29%.

    The average rate one year ago was 7.52%.

    For refis of the same type during the week of 2024-11-15, the average rate was 0.2%.

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

    Corning 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 Corning level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    PARAGON HOME LOANS INC. 6 6.60% $5,078
    Premium Mortgage Corporation 3 6.46% $2,614
    MOVEMENT MORTGAGE, LLC 2 7.00% $5,684
    First Federal Bank 1 6.63% $4,508
    NEWREZ LLC 1 6.25% $8,161

    The top Corning USDA lender as defined by loan originations is PARAGON HOME LOANS INC., with 6 USDA loans originated. Their average total fees are $5,078, which is $2,464 higher than the next largest lender, Premium Mortgage Corporation.

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

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

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Corning (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 $129,900 (4.4%) $194,981 (2.6%) 0.00 389
    2018-02-01 $137,725 (12.9%) $195,120 (3.4%) 0.00 381
    2018-03-01 $138,450 (7.1%) $197,486 (1.4%) 0.00 366
    2018-04-01 $129,900 (1.2%) $197,000 (-0.1%) 0.00 364
    2018-05-01 $129,450 (-5.8%) $197,931 (-12.8%) 0.00 396
    2018-06-01 $129,900 (-7.2%) $199,246 (-12.3%) 0.00 418
    2018-07-01 $138,450 (-1.0%) $199,893 (-11.1%) 0.00 449
    2018-08-01 $134,900 (-5.3%) $196,918 (-11.5%) 0.00 465
    2018-09-01 $133,400 (-1.1%) $198,011 (-11.4%) 0.00 462
    2018-10-01 $130,075 (-5.4%) $196,526 (-13.5%) 0.00 455
    2018-11-01 $134,900 (-6.9%) $199,527 (-11.4%) 0.00 435
    2018-12-01 $129,300 (-7.0%) $199,188 (-0.5%) 0.00 379
    2019-01-01 $129,100 (-0.6%) $188,873 (-3.1%) 0.00 343
    2019-02-01 $129,750 (-5.8%) $191,422 (-1.9%) 0.00 336
    2019-03-01 $138,386 (-0.1%) $207,107 (4.9%) 0.00 321
    2019-04-01 $148,286 (14.2%) $224,242 (13.8%) 0.00 303
    2019-05-01 $141,950 (9.7%) $219,504 (10.9%) 0.00 330
    2019-06-01 $151,000 (16.2%) $220,853 (10.8%) 0.00 341
    2019-07-01 $149,650 (8.1%) $210,653 (5.4%) 0.00 371
    2019-08-01 $142,173 (5.4%) $209,551 (6.4%) 0.00 371
    2019-09-01 $138,082 (3.5%) $208,941 (5.5%) 0.00 369
    2019-10-01 $135,355 (4.1%) $208,290 (6.0%) 0.00 362
    2019-11-01 $139,900 (3.7%) $217,629 (9.1%) 0.00 325
    2019-12-01 $139,900 (8.2%) $218,866 (9.9%) 0.00 329
    2020-01-01 $135,900 (5.3%) $213,731 (13.2%) 0.00 309
    2020-02-01 $135,900 (4.7%) $217,529 (13.6%) 0.00 279
    2020-03-01 $137,500 (-0.6%) $218,591 (5.5%) 0.00 263
    2020-04-01 $147,725 (-0.4%) $234,621 (4.6%) 0.00 246
    2020-05-01 $149,900 (5.6%) $245,291 (11.8%) 0.00 238
    2020-06-01 $153,975 (2.0%) $234,971 (6.4%) 0.00 252
    2020-07-01 $167,700 (12.1%) $238,356 (13.2%) 0.00 249
    2020-08-01 $164,900 (16.0%) $233,561 (11.5%) 0.00 249
    2020-09-01 $179,450 (30.0%) $247,846 (18.6%) 0.00 244
    2020-10-01 $174,900 (29.2%) $240,447 (15.4%) 0.00 226
    2020-11-01 $179,575 (28.4%) $256,571 (17.9%) 0.00 218
    2020-12-01 $177,175 (26.6%) $262,800 (20.1%) 0.00 196
    2021-01-01 $173,950 (28.0%) $264,578 (23.8%) 0.00 187
    2021-02-01 $185,000 (36.1%) $284,925 (31.0%) 0.00 160
    2021-03-01 $194,900 (41.8%) $292,731 (33.9%) 0.00 151
    2021-04-01 $174,950 (18.4%) $293,517 (25.1%) 0.00 129
    2021-05-01 $199,700 (33.2%) $291,852 (19.0%) 0.00 117
    2021-06-01 $182,400 (18.5%) $308,372 (31.2%) 0.00 127
    2021-07-01 $175,000 (4.4%) $294,485 (23.6%) 0.00 146
    2021-08-01 $177,450 (7.6%) $266,584 (14.1%) 0.00 158
    2021-09-01 $185,250 (3.2%) $270,911 (9.3%) 0.00 167
    2021-10-01 $179,900 (2.9%) $251,589 (4.6%) 0.00 174
    2021-11-01 $176,500 (-1.7%) $243,587 (-5.1%) 0.00 168
    2021-12-01 $168,450 (-4.9%) $240,511 (-8.5%) 0.00 152
    2022-01-01 $169,950 (-2.3%) $249,781 (-5.6%) 0.00 139
    2022-02-01 $159,950 (-13.5%) $243,590 (-14.5%) 0.00 127
    2022-03-01 $163,675 (-16.0%) $247,843 (-15.3%) 0.00 109
    2022-04-01 $174,900 (0.0%) $254,148 (-13.4%) 0.00 101
    2022-05-01 $179,225 (-10.3%) $260,506 (-10.7%) 0.00 115
    2022-06-01 $188,750 (3.5%) $275,437 (-10.7%) 0.00 149
    2022-07-01 $196,950 (12.5%) $283,650 (-3.7%) 0.00 166
    2022-08-01 $199,000 (12.1%) $284,659 (6.8%) 0.00 182
    2022-09-01 $202,175 (9.1%) $315,826 (16.6%) 0.00 175
    2022-10-01 $186,000 (3.4%) $307,757 (22.3%) 0.00 177
    2022-11-01 $187,000 (6.0%) $313,933 (28.9%) 0.00 165
    2022-12-01 $181,250 (7.6%) $303,304 (26.1%) 0.00 144
    2023-01-01 $174,950 (2.9%) $293,582 (17.5%) 0.00 124
    2023-02-01 $174,450 (9.1%) $286,240 (17.5%) 0.00 120
    2023-03-01 $172,375 (5.3%) $242,680 (-2.1%) 0.00 122
    2023-04-01 $179,000 (2.3%) $242,575 (-4.6%) 0.00 114
    2023-05-01 $189,900 (6.0%) $242,436 (-6.9%) 0.00 129
    2023-06-01 $179,700 (-4.8%) $280,263 (1.8%) 0.00 135
    2023-07-01 $182,450 (-7.4%) $294,897 (4.0%) 0.00 136
    2023-08-01 $186,225 (-6.4%) $292,725 (2.8%) 0.00 148
    2023-09-01 $199,000 (-1.6%) $301,620 (-4.5%) 0.00 163
    2023-10-01 $187,175 (0.6%) $282,877 (-8.1%) 0.00 183
    2023-11-01 $184,950 (-1.1%) $272,116 (-13.3%) 0.00 179
    2023-12-01 $173,000 (-4.6%) $255,847 (-15.7%) 0.00 161
    2024-01-01 $165,000 (-5.7%) $240,787 (-18.0%) 0.00 138
    2024-02-01 $184,975 (6.0%) $250,874 (-12.4%) 0.00 124
    2024-03-01 $196,950 (14.3%) $272,740 (12.4%) 0.00 119
    2024-04-01 $209,450 (17.0%) $275,003 (13.4%) 0.00 119
    2024-05-01 $241,725 (27.3%) $288,297 (18.9%) 0.00 129
    2024-06-01 $250,000 (39.1%) $294,518 (5.1%) 0.00 154
    2024-07-01 $239,924 (31.5%) $282,237 (-4.3%) 0.00 181
    2024-08-01 $222,500 (19.5%) $268,208 (-8.4%) 0.00 195
    2024-09-01 $207,900 (4.5%) $268,397 (-11.0%) 0.00 218
    2024-10-01 $194,450 (3.9%) $251,641 (-11.0%) 0.00 208
    Corning's median listing price for 2024-10-01 was $194,450, a difference of $7,275 (3.9%) versus the prior year and $-13,450 versus the prior month.

    Corning's median listing price comes in at 0% of the national average.

    Corning's average listing price for 2024-10-01 was $251,641, a difference of $-31,236 (-11.0%) versus the prior year and $-16,756 versus the prior month.

    For the 2024-10-01 period, Corning had 208 MLS listings, a difference of -10 listings (-5%) versus the prior month and 25 listings (14%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Corning (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,724 sqft
    2018-02-01 0 days 1,757 sqft
    2018-03-01 0 days 1,800 sqft
    2018-04-01 0 days 1,793 sqft
    2018-05-01 0 days 1,685 sqft
    2018-06-01 0 days 1,680 sqft
    2018-07-01 0 days 1,768 sqft
    2018-08-01 0 days 1,739 sqft
    2018-09-01 0 days 1,712 sqft
    2018-10-01 0 days 1,670 sqft
    2018-11-01 0 days 1,734 sqft
    2018-12-01 0 days 1,704 sqft
    2019-01-01 0 days 1,756 sqft
    2019-02-01 0 days 1,750 sqft
    2019-03-01 0 days 1,802 sqft
    2019-04-01 0 days 1,837 sqft
    2019-05-01 0 days 1,755 sqft
    2019-06-01 0 days 1,804 sqft
    2019-07-01 0 days 1,810 sqft
    2019-08-01 0 days 1,824 sqft
    2019-09-01 0 days 1,806 sqft
    2019-10-01 0 days 1,794 sqft
    2019-11-01 0 days 1,784 sqft
    2019-12-01 0 days 1,782 sqft
    2020-01-01 0 days 1,728 sqft
    2020-02-01 0 days 1,770 sqft
    2020-03-01 0 days 1,811 sqft
    2020-04-01 0 days 1,892 sqft
    2020-05-01 0 days 1,892 sqft
    2020-06-01 0 days 1,858 sqft
    2020-07-01 0 days 1,877 sqft
    2020-08-01 0 days 1,898 sqft
    2020-09-01 0 days 1,963 sqft
    2020-10-01 0 days 1,914 sqft
    2020-11-01 0 days 1,988 sqft
    2020-12-01 0 days 1,992 sqft
    2021-01-01 0 days 1,914 sqft
    2021-02-01 0 days 1,976 sqft
    2021-03-01 0 days 2,016 sqft
    2021-04-01 0 days 2,042 sqft
    2021-05-01 0 days 1,992 sqft
    2021-06-01 0 days 1,882 sqft
    2021-07-01 0 days 1,790 sqft
    2021-08-01 0 days 1,754 sqft
    2021-09-01 0 days 1,782 sqft
    2021-10-01 0 days 1,787 sqft
    2021-11-01 0 days 1,803 sqft
    2021-12-01 0 days 1,804 sqft
    2022-01-01 0 days 1,744 sqft
    2022-02-01 0 days 1,766 sqft
    2022-03-01 0 days 1,736 sqft
    2022-04-01 0 days 1,793 sqft
    2022-05-01 0 days 1,909 sqft
    2022-06-01 0 days 1,969 sqft
    2022-07-01 0 days 1,976 sqft
    2022-08-01 0 days 1,884 sqft
    2022-09-01 0 days 1,889 sqft
    2022-10-01 0 days 1,869 sqft
    2022-11-01 0 days 1,929 sqft
    2022-12-01 0 days 1,939 sqft
    2023-01-01 0 days 1,848 sqft
    2023-02-01 0 days 1,846 sqft
    2023-03-01 0 days 1,768 sqft
    2023-04-01 0 days 1,821 sqft
    2023-05-01 0 days 1,838 sqft
    2023-06-01 0 days 1,821 sqft
    2023-07-01 0 days 1,852 sqft
    2023-08-01 0 days 1,760 sqft
    2023-09-01 0 days 1,814 sqft
    2023-10-01 0 days 1,786 sqft
    2023-11-01 0 days 1,748 sqft
    2023-12-01 0 days 1,726 sqft
    2024-01-01 0 days 1,728 sqft
    2024-02-01 0 days 1,747 sqft
    2024-03-01 0 days 1,837 sqft
    2024-04-01 0 days 1,786 sqft
    2024-05-01 0 days 1,836 sqft
    2024-06-01 0 days 1,843 sqft
    2024-07-01 0 days 1,860 sqft
    2024-08-01 0 days 1,786 sqft
    2024-09-01 0 days 1,783 sqft
    2024-10-01 0 days 1,800 sqft
    Corning's median listing age (time on market) for 2024-10-01 was 0 days.

    Corning's median square footage for active listings during the 2024-10-01 period was 1,800 sqft. One year prior, the average listing was 1,786 sqft.