Dover USDA Loan Rates, Closing Costs & Stats

DOVER, DE

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 31 lenders originated 85 USDA loans during 2022. The total origination value was $22,625,000, with an average USDA loan value of $266,176.

Dover USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Dover averaged -0.29% for the week of 2024-02-23, compared to the national average (all USDA variants) of 0% for the same period.

Dover's average USDA mortgage closing costs are $7,115.

The average rate for the prior week (2024-02-16) was 6.09% and one month ago for the week of 2024-01-19, the average rate was 6.17%.

The average rate one year ago was 6.18%.

For refis of the same type during the week of 2024-02-23, the average rate was -1.6%.

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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
NFM, INC. 10 4.89% $9,321
First Home Bank 10 4.01% $9,199
Huntingdon Valley Bank 6 4.73% $10,734
Meridian Bank Corporation 4 4.44% $10,328
HOMESIDE FINANCIAL, LLC 4 4.12% $8,237
TIDEWATER MORTGAGE SERVICES, INC. 4 4.56% $10,031
Northpointe Bank 4 3.88% $8,668
GUARANTEED RATE, INC. 3 4.00% $7,355
GUILD MORTGAGE COMPANY 3 4.75% $10,062
ON Q FINANCIAL, INC. 3 4.96% $7,535
UNITED WHOLESALE MORTGAGE, LLC 2 4.93% $6,411
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 2 4.69% $7,340
CARDINAL FINANCIAL 2 4.06% $9,716
CMG MORTGAGE, INC. 2 3.50% $6,662
CROSSCOUNTRY MORTGAGE, LLC 2 5.37% $6,757
NVR Mortgage Finance, Inc. 2 3.44% $13,872
PENNYMAC LOAN SERVICES, LLC 2 3.12% $5,953
PIKE CREEK MORTGAGE SERVICES, INC. 2 4.13% $7,426
ABSOLUTE HOME MORTGAGE CORPORATION 2 4.31% $10,081
MOVEMENT MORTGAGE, LLC 1 5.25% $6,570
Nations Lending Corporation 1 5.25% $9,768
EMBRACE HOME LOANS, INC. 1 3.88% $5,263
Dover Federal Credit Union 1 3.88% $6,322
PRIMELENDING, A PLAINSCAPITAL COMPANY 1 4.13% $7,878
DHI MORTGAGE COMPANY, LTD. 1 4.50% $8,516
Prosperity Home Mortgage, LLC 1 3.25% $8,413
Bank of England 1 5.63% $8,188
HOME POINT FINANCIAL CORPORATION 1 2.88% $7,417
George Mason Mortgage, LLC 1 2.99% $11,303
Ixonia Bank 1 7.00% $8,137
ENVOY MORTGAGE, LTD 1 4.00% $7,756

The top Dover USDA lender as defined by loan originations is NFM, INC., with 10 USDA loans originated. Their average total fees are $9,321, which is $123 higher than the next largest lender, First Home Bank.

The lowest fee Dover USDA lenders (with over 10 loans originated) are First Home Bank ($9,199), NFM, INC. ($9,321), .

The lowest rate Dover USDA lenders (with over 10 loans originated) are First Home Bank (4.01%), NFM, INC. (4.89%), .


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
Dover's median listing price for 2023-12-01 was $409,250, a difference of $24,250 (6.3%) versus the prior year and $-5,750 versus the prior month.

Dover's median listing price comes in at 100% of the national average.

Dover's average listing price for 2023-12-01 was $443,711, a difference of $39,359 (9.7%) versus the prior year and $1,904 versus the prior month.

For the 2023-12-01 period, Dover had 385 MLS listings, a difference of 2 listings (1%) versus the prior month and 29 listings (8%) 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
Dover's median listing age (time on market) for 2023-12-01 was 58 days. This is 2% longer than the same period one year ago.

Dover's median square footage for active listings during the 2023-12-01 period was 2,000 sqft. One year prior, the average listing was 2,001 sqft.