Dover USDA Loan Rates, Closing Costs & Stats

DOVER, DE

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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.

    Dover's 18 lenders originated 28 USDA loans during 2023. The total origination value was $7,880,000, with an average USDA loan value of $281,429.

    Dover USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Dover averaged 6.08% for the week of 2024-12-13, compared to the national average (all USDA variants) of 6.303% for the same period.

    Dover's average USDA mortgage closing costs are $7,208.

    The average rate for the prior week (2024-12-06) was 6.12% and one month ago for the week of 2024-11-08, the average rate was 6.43%.

    The average rate one year ago was 6.5%.

    For refis of the same type during the week of 2024-12-13, the average rate was 6.84%.

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

    Dover 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 Dover level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    DHI MORTGAGE COMPANY, LTD. 5 5.45% $6,982
    NFM, INC. 3 6.00% $12,233
    Meridian Bank Corporation 2 6.00% $10,701
    MOVEMENT MORTGAGE, LLC 2 6.00% $11,699
    Ixonia Bank 2 6.44% $7,513
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 2 7.37% $11,343
    Fulton Bank 1 5.25% $10,590
    Huntingdon Valley Bank 1 5.63% $14,289
    Keystone Funding, Inc. 1 5.75% $7,354
    Nations Lending Corporation 1 5.75% $15,621
    NVR Mortgage Finance, Inc. 1 5.25% $18,597
    ABSOLUTE HOME MORTGAGE CORPORATION 1 7.63% $13,767
    UNITED WHOLESALE MORTGAGE, LLC 1 6.63% $6,746
    ACADEMY MORTGAGE CORPORATION 1 7.25% $8,471
    CARDINAL FINANCIAL 1 6.63% $9,736
    CMG MORTGAGE, INC. 1 5.63% $12,487
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 6.25% $8,569
    FIRST COMMUNITY MORTGAGE, INC. 1 5.63% $13,177

    The top Dover USDA lender as defined by loan originations is DHI MORTGAGE COMPANY, LTD., with 5 USDA loans originated. Their average total fees are $6,982, which is $5,251 lower than the next largest lender, NFM, INC..

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

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

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Dover (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 $241,425 (2.7%) $247,716 (3.8%) 0.90 837
    2018-02-01 $244,700 (3.9%) $251,395 (6.0%) 0.89 811
    2018-03-01 $249,943 (4.2%) $255,908 (6.0%) 0.88 804
    2018-04-01 $252,450 (3.4%) $254,309 (2.8%) 0.86 857
    2018-05-01 $259,950 (6.2%) $263,966 (6.5%) 0.87 857
    2018-06-01 $259,900 (6.7%) $261,975 (5.9%) 0.87 937
    2018-07-01 $262,975 (7.9%) $264,502 (6.5%) 0.88 956
    2018-08-01 $259,948 (6.1%) $263,072 (4.5%) 0.87 970
    2018-09-01 $259,900 (6.3%) $261,929 (4.9%) 0.87 948
    2018-10-01 $259,900 (7.9%) $262,898 (6.1%) 0.88 957
    2018-11-01 $263,650 (9.4%) $269,053 (8.4%) 0.89 916
    2018-12-01 $260,000 (8.3%) $268,827 (8.0%) 0.90 808
    2019-01-01 $263,050 (9.0%) $270,271 (9.1%) 0.91 727
    2019-02-01 $262,945 (7.5%) $272,098 (8.2%) 0.89 697
    2019-03-01 $264,851 (6.0%) $276,112 (7.9%) 0.87 719
    2019-04-01 $267,161 (5.8%) $280,533 (10.3%) 0.85 737
    2019-05-01 $271,623 (4.5%) $283,833 (7.5%) 0.85 743
    2019-06-01 $270,388 (4.0%) $285,474 (9.0%) 0.85 740
    2019-07-01 $269,938 (2.7%) $288,186 (9.0%) 0.85 744
    2019-08-01 $270,745 (4.2%) $285,245 (8.4%) 0.86 737
    2019-09-01 $272,014 (4.7%) $280,855 (7.2%) 0.87 714
    2019-10-01 $272,859 (5.0%) $277,929 (5.7%) 0.88 693
    2019-11-01 $269,900 (2.4%) $271,946 (1.1%) 0.88 678
    2019-12-01 $269,675 (3.7%) $270,796 (0.7%) 0.90 630
    2020-01-01 $273,400 (3.9%) $275,941 (2.1%) 0.91 589
    2020-02-01 $274,900 (4.6%) $273,572 (0.5%) 0.90 566
    2020-03-01 $277,900 (4.9%) $277,387 (0.5%) 0.87 546
    2020-04-01 $279,445 (4.6%) $282,164 (0.6%) 0.88 508
    2020-05-01 $277,500 (2.2%) $282,236 (-0.6%) 0.84 496
    2020-06-01 $284,823 (5.3%) $288,246 (1.0%) 0.84 463
    2020-07-01 $284,900 (5.5%) $292,629 (1.5%) 0.83 475
    2020-08-01 $295,000 (9.0%) $301,399 (5.7%) 0.85 420
    2020-09-01 $298,950 (9.9%) $308,329 (9.8%) 0.86 381
    2020-10-01 $299,900 (9.9%) $306,190 (10.2%) 0.86 375
    2020-11-01 $305,750 (13.3%) $314,441 (15.6%) 0.89 353
    2020-12-01 $307,900 (14.2%) $313,074 (15.6%) 0.92 330
    2021-01-01 $314,900 (15.2%) $322,801 (17.0%) 0.94 231
    2021-02-01 $318,663 (15.9%) $327,468 (19.7%) 0.93 232
    2021-03-01 $332,975 (19.8%) $346,952 (25.1%) 0.94 200
    2021-04-01 $349,950 (25.2%) $360,630 (27.8%) 0.95 219
    2021-05-01 $342,450 (23.4%) $353,452 (25.2%) 0.91 195
    2021-06-01 $360,549 (26.6%) $370,707 (28.6%) 0.95 254
    2021-07-01 $360,000 (26.4%) $373,212 (27.5%) 0.95 273
    2021-08-01 $371,900 (26.1%) $401,702 (33.3%) 0.99 301
    2021-09-01 $367,675 (23.0%) $397,364 (28.9%) 0.98 304
    2021-10-01 $367,900 (22.7%) $391,998 (28.0%) 0.98 307
    2021-11-01 $355,250 (16.2%) $394,882 (25.6%) 0.95 301
    2021-12-01 $366,950 (19.2%) $406,457 (29.8%) 0.99 277
    2022-01-01 $371,216 (17.9%) $418,314 (29.6%) 1.00 256
    2022-02-01 $396,998 (24.6%) $438,008 (33.8%) 1.03 240
    2022-03-01 $415,173 (24.7%) $452,559 (30.4%) 1.04 218
    2022-04-01 $399,900 (14.3%) $446,726 (23.9%) 0.95 220
    2022-05-01 $398,572 (16.4%) $432,333 (22.3%) 0.91 295
    2022-06-01 $399,925 (10.9%) $427,203 (15.2%) 0.89 307
    2022-07-01 $400,000 (11.1%) $419,051 (12.3%) 0.90 345
    2022-08-01 $395,000 (6.2%) $415,987 (3.6%) 0.91 372
    2022-09-01 $390,000 (6.1%) $414,895 (4.4%) 0.91 355
    2022-10-01 $393,900 (7.1%) $415,506 (6.0%) 0.93 352
    2022-11-01 $381,250 (7.3%) $402,505 (1.9%) 0.92 397
    2022-12-01 $385,000 (4.9%) $404,352 (-0.5%) 0.95 356
    2023-01-01 $399,850 (7.7%) $408,780 (-2.3%) 0.99 334
    2023-02-01 $397,225 (0.1%) $406,563 (-7.2%) 0.96 328
    2023-03-01 $397,450 (-4.3%) $410,490 (-9.3%) 0.94 299
    2023-04-01 $407,500 (1.9%) $419,820 (-6.0%) 0.95 281
    2023-05-01 $417,225 (4.7%) $428,358 (-0.9%) 0.95 298
    2023-06-01 $418,200 (4.6%) $432,345 (1.2%) 0.94 308
    2023-07-01 $407,077 (1.8%) $428,567 (2.3%) 0.93 322
    2023-08-01 $417,769 (5.8%) $438,654 (5.5%) 0.96 315
    2023-09-01 $415,000 (6.4%) $433,127 (4.4%) 0.97 351
    2023-10-01 $417,450 (6.0%) $438,421 (5.5%) 0.98 381
    2023-11-01 $415,000 (8.9%) $441,807 (9.8%) 0.99 383
    2023-12-01 $409,250 (6.3%) $443,711 (9.7%) 1.00 385
    2024-01-01 $412,250 (3.1%) $432,711 (5.9%) 1.01 355
    2024-02-01 $417,875 (5.2%) $437,181 (7.5%) 1.01 364
    2024-03-01 $421,450 (6.0%) $442,171 (7.7%) 0.99 356
    2024-04-01 $426,400 (4.6%) $448,367 (6.8%) 0.99 354
    2024-05-01 $425,000 (1.9%) $446,093 (4.1%) 0.96 359
    2024-06-01 $422,900 (1.1%) $448,317 (3.7%) 0.95 393
    2024-07-01 $421,975 (3.7%) $449,159 (4.8%) 0.96 401
    2024-08-01 $415,000 (-0.7%) $448,962 (2.4%) 0.97 413
    2024-09-01 $412,450 (-0.6%) $447,082 (3.2%) 0.97 439
    2024-10-01 $408,000 (-2.3%) $443,539 (1.2%) 0.96 467
    2024-11-01 $399,900 (-3.6%) $436,626 (-1.2%) 0.96 487
    Dover's median listing price for 2024-11-01 was $399,900, a difference of $-15,100 (-3.6%) versus the prior year and $-8,100 versus the prior month.

    Dover's median listing price comes in at 96% of the national average.

    Dover's average listing price for 2024-11-01 was $436,626, a difference of $-5,181 (-1.2%) versus the prior year and $-6,913 versus the prior month.

    For the 2024-11-01 period, Dover had 487 MLS listings, a difference of 20 listings (4%) versus the prior month and 104 listings (27%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Dover (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 96 days 1,889 sqft
    2018-02-01 88 days 1,884 sqft
    2018-03-01 67 days 1,914 sqft
    2018-04-01 63 days 1,908 sqft
    2018-05-01 61 days 1,998 sqft
    2018-06-01 64 days 2,001 sqft
    2018-07-01 66 days 2,011 sqft
    2018-08-01 69 days 1,987 sqft
    2018-09-01 75 days 1,958 sqft
    2018-10-01 77 days 1,939 sqft
    2018-11-01 82 days 1,936 sqft
    2018-12-01 95 days 1,904 sqft
    2019-01-01 97 days 1,892 sqft
    2019-02-01 102 days 1,910 sqft
    2019-03-01 85 days 1,960 sqft
    2019-04-01 65 days 2,003 sqft
    2019-05-01 59 days 1,961 sqft
    2019-06-01 64 days 1,954 sqft
    2019-07-01 67 days 1,957 sqft
    2019-08-01 68 days 1,946 sqft
    2019-09-01 68 days 1,948 sqft
    2019-10-01 70 days 1,950 sqft
    2019-11-01 74 days 1,920 sqft
    2019-12-01 84 days 1,936 sqft
    2020-01-01 82 days 1,917 sqft
    2020-02-01 64 days 1,903 sqft
    2020-03-01 52 days 1,911 sqft
    2020-04-01 59 days 1,947 sqft
    2020-05-01 60 days 1,960 sqft
    2020-06-01 48 days 1,970 sqft
    2020-07-01 38 days 2,018 sqft
    2020-08-01 41 days 2,029 sqft
    2020-09-01 53 days 1,960 sqft
    2020-10-01 54 days 1,962 sqft
    2020-11-01 51 days 1,980 sqft
    2020-12-01 55 days 2,023 sqft
    2021-01-01 63 days 2,002 sqft
    2021-02-01 43 days 2,037 sqft
    2021-03-01 48 days 2,019 sqft
    2021-04-01 42 days 2,189 sqft
    2021-05-01 34 days 1,992 sqft
    2021-06-01 38 days 2,177 sqft
    2021-07-01 36 days 2,139 sqft
    2021-08-01 25 days 2,194 sqft
    2021-09-01 29 days 2,131 sqft
    2021-10-01 36 days 2,117 sqft
    2021-11-01 45 days 2,068 sqft
    2021-12-01 53 days 2,088 sqft
    2022-01-01 60 days 2,149 sqft
    2022-02-01 49 days 2,195 sqft
    2022-03-01 31 days 2,217 sqft
    2022-04-01 35 days 2,200 sqft
    2022-05-01 31 days 2,076 sqft
    2022-06-01 38 days 2,138 sqft
    2022-07-01 37 days 2,180 sqft
    2022-08-01 36 days 2,115 sqft
    2022-09-01 50 days 2,098 sqft
    2022-10-01 52 days 2,011 sqft
    2022-11-01 43 days 1,988 sqft
    2022-12-01 57 days 2,001 sqft
    2023-01-01 63 days 2,040 sqft
    2023-02-01 50 days 1,994 sqft
    2023-03-01 50 days 2,011 sqft
    2023-04-01 40 days 2,010 sqft
    2023-05-01 32 days 2,014 sqft
    2023-06-01 38 days 2,044 sqft
    2023-07-01 43 days 2,000 sqft
    2023-08-01 50 days 2,046 sqft
    2023-09-01 45 days 2,026 sqft
    2023-10-01 49 days 2,067 sqft
    2023-11-01 51 days 2,021 sqft
    2023-12-01 58 days 2,000 sqft
    2024-01-01 68 days 2,003 sqft
    2024-02-01 64 days 2,080 sqft
    2024-03-01 51 days 2,100 sqft
    2024-04-01 44 days 2,088 sqft
    2024-05-01 41 days 2,100 sqft
    2024-06-01 44 days 2,026 sqft
    2024-07-01 50 days 2,018 sqft
    2024-08-01 49 days 1,990 sqft
    2024-09-01 45 days 1,982 sqft
    2024-10-01 44 days 1,978 sqft
    2024-11-01 49 days 1,963 sqft
    Dover's median listing age (time on market) for 2024-11-01 was 49 days. This is -3% shorter than the same period one year ago.

    Dover's median square footage for active listings during the 2024-11-01 period was 1,963 sqft. One year prior, the average listing was 2,021 sqft.