Dover USDA Loan Rates, Closing Costs & Stats

DOVER, DE

  • JUMP TO:
  • Trends
  • Rates vs Fees
  • Top Lenders
  • Markets
  • Market Conditions & Pricing
  • Time on Market/Property Size

    • 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 6.2% for the week of 2025-02-14, compared to the national average (all USDA variants) of 6.526% for the same period.

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

    The average rate for the prior week (2025-02-07) was 6.56% and one month ago for the week of 2025-01-10, the average rate was 6.21%.

    The average rate one year ago was 6.4%.

    For refis of the same type during the week of 2025-02-14, the average rate was 6.86%.

    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 $244,800 (4.0%) $251,399 (6.0%) 0.89 811
    2018-03-01 $249,943 (4.2%) $255,771 (5.9%) 0.88 805
    2018-04-01 $252,400 (3.3%) $254,186 (2.8%) 0.86 858
    2018-05-01 $259,948 (6.2%) $263,957 (6.5%) 0.87 857
    2018-06-01 $259,900 (6.7%) $261,968 (5.9%) 0.87 937
    2018-07-01 $262,950 (7.9%) $264,492 (6.5%) 0.88 956
    2018-08-01 $259,885 (6.1%) $262,945 (4.5%) 0.87 971
    2018-09-01 $259,900 (6.3%) $261,808 (4.9%) 0.87 947
    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 (7.4%) $272,098 (8.2%) 0.89 697
    2019-03-01 $264,851 (6.0%) $276,112 (8.0%) 0.87 719
    2019-04-01 $267,161 (5.9%) $280,533 (10.4%) 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 (8.5%) 0.86 737
    2019-09-01 $272,014 (4.7%) $280,855 (7.3%) 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 $269,450 (3.6%) $270,743 (0.7%) 0.90 631
    2020-01-01 $273,400 (3.9%) $275,877 (2.1%) 0.91 590
    2020-02-01 $274,900 (4.6%) $273,509 (0.5%) 0.90 567
    2020-03-01 $277,900 (4.9%) $277,316 (0.4%) 0.87 547
    2020-04-01 $279,173 (4.5%) $282,077 (0.6%) 0.88 509
    2020-05-01 $277,700 (2.2%) $282,278 (-0.6%) 0.84 498
    2020-06-01 $284,750 (5.3%) $288,146 (0.9%) 0.84 464
    2020-07-01 $284,900 (5.5%) $292,521 (1.5%) 0.83 476
    2020-08-01 $294,950 (8.9%) $301,399 (5.7%) 0.85 420
    2020-09-01 $298,925 (9.9%) $307,916 (9.6%) 0.86 382
    2020-10-01 $299,900 (9.9%) $305,745 (10.0%) 0.86 376
    2020-11-01 $305,350 (13.1%) $313,948 (15.5%) 0.89 354
    2020-12-01 $307,650 (14.2%) $312,568 (15.5%) 0.92 331
    2021-01-01 $314,900 (15.2%) $322,118 (16.8%) 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 (25.4%) $360,630 (27.9%) 0.95 219
    2021-05-01 $342,450 (23.3%) $353,452 (25.2%) 0.91 195
    2021-06-01 $360,549 (26.6%) $370,707 (28.7%) 0.95 254
    2021-07-01 $360,000 (26.4%) $373,212 (27.6%) 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 (29.1%) 0.98 304
    2021-10-01 $367,900 (22.7%) $391,998 (28.2%) 0.98 307
    2021-11-01 $356,000 (16.6%) $394,874 (25.8%) 0.95 301
    2021-12-01 $366,950 (19.3%) $406,457 (30.0%) 0.99 277
    2022-01-01 $371,216 (17.9%) $418,314 (29.9%) 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 $398,797 (16.5%) $432,822 (22.5%) 0.91 296
    2022-06-01 $399,950 (10.9%) $427,775 (15.4%) 0.89 308
    2022-07-01 $400,000 (11.1%) $419,604 (12.4%) 0.90 346
    2022-08-01 $395,000 (6.2%) $416,091 (3.6%) 0.91 372
    2022-09-01 $390,000 (6.1%) $414,895 (4.4%) 0.91 355
    2022-10-01 $395,000 (7.4%) $415,506 (6.0%) 0.93 352
    2022-11-01 $382,225 (7.4%) $402,683 (2.0%) 0.92 398
    2022-12-01 $385,000 (4.9%) $404,781 (-0.4%) 0.95 358
    2023-01-01 $399,850 (7.7%) $408,780 (-2.3%) 0.99 335
    2023-02-01 $397,450 (0.1%) $406,743 (-7.1%) 0.96 328
    2023-03-01 $397,675 (-4.2%) $410,896 (-9.2%) 0.94 298
    2023-04-01 $409,000 (2.3%) $419,820 (-6.0%) 0.95 281
    2023-05-01 $417,225 (4.6%) $428,358 (-1.0%) 0.95 298
    2023-06-01 $418,200 (4.6%) $432,345 (1.1%) 0.94 308
    2023-07-01 $409,513 (2.4%) $428,847 (2.2%) 0.93 323
    2023-08-01 $418,965 (6.1%) $438,902 (5.5%) 0.96 316
    2023-09-01 $415,000 (6.4%) $433,380 (4.5%) 0.97 351
    2023-10-01 $417,450 (5.7%) $438,421 (5.5%) 0.98 381
    2023-11-01 $415,000 (8.6%) $441,807 (9.7%) 0.99 383
    2023-12-01 $409,250 (6.3%) $443,711 (9.6%) 1.00 385
    2024-01-01 $412,250 (3.1%) $432,711 (5.9%) 1.01 355
    2024-02-01 $417,875 (5.1%) $437,181 (7.5%) 1.01 364
    2024-03-01 $421,450 (6.0%) $442,171 (7.6%) 0.99 356
    2024-04-01 $426,400 (4.3%) $448,367 (6.8%) 0.99 354
    2024-05-01 $424,950 (1.9%) $444,106 (3.7%) 0.96 360
    2024-06-01 $422,900 (1.1%) $447,714 (3.6%) 0.95 394
    2024-07-01 $422,600 (3.2%) $449,219 (4.8%) 0.96 402
    2024-08-01 $415,950 (-0.7%) $449,023 (2.3%) 0.97 414
    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
    2024-12-01 $399,925 (-2.3%) $438,473 (-1.2%) 0.99 474
    2025-01-01 $402,450 (-2.4%) $433,985 (0.3%) 0.00 464
    Dover's median listing price for 2025-01-01 was $402,450, a difference of $-9,800 (-2.4%) versus the prior year and $2,525 versus the prior month.

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

    Dover's average listing price for 2025-01-01 was $433,985, a difference of $1,274 (0.3%) versus the prior year and $-4,488 versus the prior month.

    For the 2025-01-01 period, Dover had 464 MLS listings, a difference of -10 listings (-2%) versus the prior month and 109 listings (31%) 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 1,888 sqft
    2018-02-01 88 days 1,880 sqft
    2018-03-01 67 days 1,914 sqft
    2018-04-01 63 days 1,908 sqft
    2018-05-01 61 days 1,992 sqft
    2018-06-01 64 days 2,000 sqft
    2018-07-01 66 days 2,009 sqft
    2018-08-01 69 days 1,982 sqft
    2018-09-01 75 days 1,955 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 1,890 sqft
    2019-02-01 102 days 1,909 sqft
    2019-03-01 85 days 1,957 sqft
    2019-04-01 65 days 2,003 sqft
    2019-05-01 59 days 1,962 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 1,932 sqft
    2020-01-01 82 days 1,916 sqft
    2020-02-01 64 days 1,903 sqft
    2020-03-01 52 days 1,910 sqft
    2020-04-01 59 days 1,946 sqft
    2020-05-01 60 days 1,960 sqft
    2020-06-01 48 days 1,970 sqft
    2020-07-01 38 days 2,016 sqft
    2020-08-01 41 days 2,029 sqft
    2020-09-01 53 days 1,956 sqft
    2020-10-01 54 days 1,961 sqft
    2020-11-01 51 days 1,967 sqft
    2020-12-01 55 days 2,007 sqft
    2021-01-01 63 days 1,993 sqft
    2021-02-01 43 days 2,035 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 2,191 sqft
    2021-09-01 29 days 2,127 sqft
    2021-10-01 36 days 2,108 sqft
    2021-11-01 45 days 2,065 sqft
    2021-12-01 53 days 2,073 sqft
    2022-01-01 60 days 2,108 sqft
    2022-02-01 49 days 2,190 sqft
    2022-03-01 31 days 2,175 sqft
    2022-04-01 35 days 2,200 sqft
    2022-05-01 31 days 2,075 sqft
    2022-06-01 38 days 2,131 sqft
    2022-07-01 37 days 2,180 sqft
    2022-08-01 36 days 2,103 sqft
    2022-09-01 50 days 2,095 sqft
    2022-10-01 52 days 2,016 sqft
    2022-11-01 43 days 1,988 sqft
    2022-12-01 57 days 2,009 sqft
    2023-01-01 63 days 2,042 sqft
    2023-02-01 50 days 1,993 sqft
    2023-03-01 50 days 2,011 sqft
    2023-04-01 40 days 2,013 sqft
    2023-05-01 32 days 2,010 sqft
    2023-06-01 38 days 2,040 sqft
    2023-07-01 43 days 1,984 sqft
    2023-08-01 50 days 2,046 sqft
    2023-09-01 45 days 2,022 sqft
    2023-10-01 49 days 2,063 sqft
    2023-11-01 51 days 2,019 sqft
    2023-12-01 58 days 2,000 sqft
    2024-01-01 68 days 1,985 sqft
    2024-02-01 64 days 2,076 sqft
    2024-03-01 51 days 2,102 sqft
    2024-04-01 44 days 2,087 sqft
    2024-05-01 41 days 2,061 sqft
    2024-06-01 44 days 2,024 sqft
    2024-07-01 50 days 2,015 sqft
    2024-08-01 49 days 1,990 sqft
    2024-09-01 45 days 1,985 sqft
    2024-10-01 44 days 1,985 sqft
    2024-11-01 49 days 1,961 sqft
    2024-12-01 54 days 2,015 sqft
    2025-01-01 0 days 2,002 sqft
    Dover's median listing age (time on market) for 2025-01-01 was 0 days. This is -100% shorter than the same period one year ago.

    Dover's median square footage for active listings during the 2025-01-01 period was 2,002 sqft. One year prior, the average listing was 1,985 sqft.