East Stroudsburg USDA Loans

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 23 lenders originated 36 USDA loans during 2021. The total origination value was $6,710,000, with an average USDA loan value of $186,389.

East Stroudsburg USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in East Stroudsburg averaged 5.43% for the week of 2022-05-13, compared to the national average (all USDA variants) of 5.294% for the same period.

The average rate for the prior week (2022-05-06) was 5.26% and one month ago for the week of 2022-04-08, the average rate was 4.92%.

The average rate one year ago was 3.23%.

For refis of the same type during the week of 2022-05-13, the average rate was 5.17%.

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

East Stroudsburg USDA Loan Lenders by Rates & Fees

The below table looks at the average fees and rates for USDA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the East Stroudsburg level.

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
CROSSCOUNTRY MORTGAGE, LLC 6 2.52% $6,378
Mortgage America, Inc. 3 2.58% $6,332
Atlantic Home Loans, Inc. 3 3.17% $6,884
Acre Mortgage and Financial Inc 2 3.31% $9,370
Hometown Lenders, Inc. 2 3.63% $5,379
FINANCE OF AMERICA MORTGAGE LLC 2 3.06% $5,635
HOMESIDE FINANCIAL, LLC 2 3.19% $4,733
Fulton Bank 1 2.50% $5,472
GENEVA FINANCIAL, LLC 1 2.38% $5,828
GUARANTEED RATE, INC. 1 3.38% $6,466
HOME POINT FINANCIAL CORPORATION 1 2.88% $3,546
MLD MORTGAGE INC. 1 2.75% $6,557
MOVEMENT MORTGAGE, LLC 1 3.75% $6,366
PRIMELENDING, A PLAINSCAPITAL COMPANY 1 3.63% $10,058
Summit Mortgage Corporation 1 2.25% $8,828
ABSOLUTE HOME MORTGAGE CORPORATION 1 3.00% $5,436
SWBC MORTGAGE CORPORATION 1 3.25% $2,635
AMERICAN FINANCIAL NETWORK, INC. 1 4.00% $12,384
ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 3.63% $6,197
BROKER SOLUTIONS, INC. 1 3.25% $7,809
CALIBER HOME LOANS, INC. 1 2.75% $5,238
Century Mortgage Company DBA Century Lending Company 1 2.88% $6,809
FREEDOM MORTGAGE CORPORATION 1 2.88% $8,430

The top East Stroudsburg USDA lender as defined by loan originations is CROSSCOUNTRY MORTGAGE, LLC, with 6 USDA loans originated. Their average total fees are $6,378, which is $46 higher than the next largest lender, Mortgage America, Inc..

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 .


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - East Stroudsburg (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 $161,250 (1.4%) $201,585 (2.4%) 0.59 1,575
2018-02-01 $164,450 (2.9%) $202,699 (1.0%) 0.59 1,455
2018-03-01 $169,000 (3.5%) $208,077 (1.2%) 0.58 1,438
2018-04-01 $169,947 (1.8%) $211,957 (1.4%) 0.57 1,479
2018-05-01 $172,000 (1.8%) $211,856 (1.4%) 0.57 1,630
2018-06-01 $172,900 (1.8%) $213,070 (3.0%) 0.58 1,734
2018-07-01 $178,444 (5.0%) $213,748 (2.7%) 0.60 1,823
2018-08-01 $178,944 (5.3%) $212,587 (2.0%) 0.60 1,888
2018-09-01 $179,000 (5.4%) $214,015 (3.6%) 0.60 1,864
2018-10-01 $179,900 (5.9%) $216,288 (4.2%) 0.60 1,765
2018-11-01 $179,900 (6.2%) $216,383 (5.1%) 0.60 1,669
2018-12-01 $179,900 (9.1%) $212,766 (4.9%) 0.62 1,545
2019-01-01 $174,950 (8.5%) $209,964 (4.2%) 0.60 1,396
2019-02-01 $179,900 (9.4%) $214,362 (5.8%) 0.60 1,329
2019-03-01 $179,900 (6.5%) $216,539 (4.1%) 0.59 1,337
2019-04-01 $179,900 (5.9%) $217,384 (2.6%) 0.57 1,415
2019-05-01 $179,900 (4.6%) $219,519 (3.6%) 0.55 1,518
2019-06-01 $179,900 (4.1%) $220,048 (3.3%) 0.55 1,714
2019-07-01 $185,000 (3.7%) $220,991 (3.4%) 0.57 1,816
2019-08-01 $189,000 (5.6%) $222,742 (4.8%) 0.59 1,820
2019-09-01 $189,000 (5.6%) $220,771 (3.2%) 0.60 1,812
2019-10-01 $189,900 (5.6%) $220,255 (1.8%) 0.61 1,783
2019-11-01 $190,000 (5.6%) $224,782 (3.9%) 0.61 1,601
2019-12-01 $189,000 (5.1%) $221,702 (4.2%) 0.63 1,438
2020-01-01 $189,000 (8.0%) $224,105 (6.7%) 0.63 1,327
2020-02-01 $199,000 (10.6%) $233,534 (8.9%) 0.64 1,231
2020-03-01 $199,850 (11.1%) $235,793 (8.9%) 0.62 1,187
2020-04-01 $206,250 (14.7%) $241,832 (11.3%) 0.64 1,106
2020-05-01 $204,900 (13.9%) $239,241 (9.0%) 0.62 1,118
2020-06-01 $217,400 (20.8%) $246,367 (12.0%) 0.63 1,031
2020-07-01 $219,950 (18.9%) $255,753 (15.7%) 0.63 839
2020-08-01 $229,000 (21.2%) $275,987 (23.9%) 0.65 707
2020-09-01 $239,000 (26.5%) $294,536 (33.4%) 0.68 651
2020-10-01 $245,000 (29.0%) $298,180 (35.4%) 0.70 629
2020-11-01 $249,900 (31.5%) $303,479 (35.0%) 0.72 621
2020-12-01 $258,500 (36.8%) $307,766 (38.8%) 0.76 584
2021-01-01 $272,000 (43.9%) $340,074 (51.8%) 0.80 481
2021-02-01 $279,950 (40.7%) $354,750 (51.9%) 0.81 413
2021-03-01 $279,950 (40.1%) $350,321 (48.6%) 0.78 414
2021-04-01 $279,500 (35.5%) $346,875 (43.4%) 0.75 466
2021-05-01 $279,000 (36.2%) $327,670 (37.0%) 0.73 555
2021-06-01 $279,500 (28.6%) $335,681 (36.3%) 0.73 651
2021-07-01 $283,650 (29.0%) $347,761 (36.0%) 0.74 744
2021-08-01 $287,450 (25.5%) $360,876 (30.8%) 0.76 820
2021-09-01 $297,000 (24.3%) $371,758 (26.2%) 0.78 804
2021-10-01 $298,800 (22.0%) $374,482 (25.6%) 0.79 752
2021-11-01 $299,450 (19.8%) $378,659 (24.8%) 0.79 666
2021-12-01 $299,900 (16.0%) $394,323 (28.1%) 0.80 565
2022-01-01 $304,900 (12.1%) $412,765 (21.4%) 0.81 465
2022-02-01 $319,000 (14.0%) $423,449 (19.4%) 0.81 400
2022-03-01 $322,450 (15.2%) $416,786 (19.0%) 0.80 418
2022-04-01 $330,000 (18.1%) $407,486 (17.5%) 0.78 486
East Stroudsburg's median listing price for 2022-04-01 was $330,000, a difference of $50,500 (18.1%) versus the prior year and $7,550 versus the prior month.

East Stroudsburg's median listing price comes in at 78% of the national average.

East Stroudsburg's average listing price for 2022-04-01 was $407,486, a difference of $60,611 (17.5%) versus the prior year and $-9,300 versus the prior month.

For the 2022-04-01 period, East Stroudsburg had 486 MLS listings, a difference of 68 listings (16%) versus the prior month and 20 listings (4%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - East Stroudsburg (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 121 days 1,798 sqft
2018-02-01 129 days 1,794 sqft
2018-03-01 127 days 1,800 sqft
2018-04-01 110 days 1,837 sqft
2018-05-01 83 days 1,842 sqft
2018-06-01 78 days 1,828 sqft
2018-07-01 75 days 1,839 sqft
2018-08-01 78 days 1,827 sqft
2018-09-01 89 days 1,836 sqft
2018-10-01 96 days 1,851 sqft
2018-11-01 102 days 1,868 sqft
2018-12-01 114 days 1,841 sqft
2019-01-01 112 days 1,808 sqft
2019-02-01 116 days 1,842 sqft
2019-03-01 106 days 1,834 sqft
2019-04-01 77 days 1,832 sqft
2019-05-01 66 days 1,884 sqft
2019-06-01 62 days 1,883 sqft
2019-07-01 69 days 1,902 sqft
2019-08-01 78 days 1,902 sqft
2019-09-01 87 days 1,899 sqft
2019-10-01 87 days 1,919 sqft
2019-11-01 90 days 1,900 sqft
2019-12-01 99 days 1,877 sqft
2020-01-01 105 days 1,884 sqft
2020-02-01 108 days 1,872 sqft
2020-03-01 87 days 1,873 sqft
2020-04-01 96 days 1,885 sqft
2020-05-01 112 days 1,882 sqft
2020-06-01 105 days 1,924 sqft
2020-07-01 64 days 1,916 sqft
2020-08-01 56 days 1,974 sqft
2020-09-01 47 days 2,033 sqft
2020-10-01 43 days 1,930 sqft
2020-11-01 43 days 1,903 sqft
2020-12-01 59 days 1,946 sqft
2021-01-01 65 days 2,020 sqft
2021-02-01 63 days 2,041 sqft
2021-03-01 48 days 2,000 sqft
2021-04-01 35 days 1,948 sqft
2021-05-01 35 days 1,930 sqft
2021-06-01 38 days 1,912 sqft
2021-07-01 38 days 1,897 sqft
2021-08-01 43 days 1,954 sqft
2021-09-01 48 days 2,014 sqft
2021-10-01 57 days 1,986 sqft
2021-11-01 64 days 1,999 sqft
2021-12-01 71 days 1,981 sqft
2022-01-01 71 days 2,012 sqft
2022-02-01 60 days 1,997 sqft
2022-03-01 42 days 1,982 sqft
2022-04-01 34 days 1,936 sqft
East Stroudsburg's median listing age (time on market) for 2022-04-01 was 34 days. This is -1% shorter than the same period one year ago.

East Stroudsburg's median square footage for active listings during the 2022-04-01 period was 1,936 sqft. One year prior, the average listing was 1,948 sqft.