East Stroudsburg USDA Loan Rates, Closing Costs & Stats
EAST STROUDSBURG, PA
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.
East Stroudsburg's 14 lenders originated 16 USDA loans during 2023. The total origination value was $3,620,000, with an average USDA loan value of $226,250.
East Stroudsburg USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in East Stroudsburg
averaged
6.53%
for the week of 2024-11-08, compared to the national average (all USDA variants) of
6.477% for the same period.
East Stroudsburg's average USDA mortgage closing costs are $5,918.
The average rate for the prior week (2024-11-01) was
6.7% and
one month ago for the week of 2024-10-04, the
average rate was 6.13%.
The average rate one year ago was 7.57%.
For refis of the same type during the week of 2024-11-08, the average rate
was 6.28%.
East Stroudsburg 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 East Stroudsburg level.
| Name | # of Loans | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
|---|---|---|---|
| Paramount Residential Mortgage Group, Inc. | 2 | 6.69% | $7,516 |
| BNC National Bank | 1 | 5.63% | $7,517 |
| CMG MORTGAGE, INC. | 1 | 6.75% | $8,985 |
| CROSSCOUNTRY MORTGAGE, LLC | 1 | 6.69% | $10,789 |
| EVERETT FINANCIAL, INC. | 1 | 7.13% | $9,394 |
| GUILD MORTGAGE COMPANY | 1 | 6.38% | $7,275 |
| Huntingdon Valley Bank | 1 | 6.38% | $6,541 |
| Mortgage America, Inc. | 1 | 6.13% | $6,820 |
| Mortgage Research Center, LLC | 1 | 5.75% | $3,383 |
| Northpointe Bank | 1 | 7.25% | $11,835 |
| PNC Bank | 1 | 6.63% | $6,196 |
| The Huntington National Bank | 1 | 6.63% | $7,457 |
| ABSOLUTE HOME MORTGAGE CORPORATION | 1 | 6.63% | $7,155 |
| UNITED WHOLESALE MORTGAGE, LLC | 1 | 6.75% | $11,966 |
The top East Stroudsburg USDA lender as defined by loan originations is Paramount Residential Mortgage Group, Inc., with
2 USDA loans originated. Their average total fees are
$7,516, which is $1
lower than the next largest lender,
BNC National Bank.
The lowest fee East Stroudsburg USDA lenders (with over 10 loans originated) are
.
The lowest rate East Stroudsburg USDA lenders (with over 10 loans originated) are
.