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 18 USDA loans during 2022. The total origination value was $3,400,000, with an average USDA loan value of $188,889.

East Stroudsburg USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in East Stroudsburg averaged 0.11% for the week of 2023-06-02, compared to the national average (all USDA variants) of 0% for the same period.

East Stroudsburg's average USDA mortgage closing costs are $5,778.

The average rate for the prior week (2023-05-26) was 6.36% and one month ago for the week of 2023-04-28, the average rate was 6.53%.

The average rate one year ago was 5.2%.

For refis of the same type during the week of 2023-06-02, the average rate was -1.46%.

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/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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
Acre Mortgage and Financial Inc 3 5.42% $11,454
CROSSCOUNTRY MORTGAGE, LLC 2 4.56% $6,840
Bank of England 1 3.88% $8,977
BAYSHORE MORTGAGE FUNDING, LLC 1 5.63% $10,826
EVERETT FINANCIAL, INC. 1 4.13% $6,237
FINANCE OF AMERICA MORTGAGE LLC 1 5.50% $7,818
HOME POINT FINANCIAL CORPORATION 1 4.00% $12,088
Paramount Residential Mortgage Group, Inc. 1 6.50% $8,879
RESIDENTIAL HOME FUNDING CORP. 1 4.00% $7,136
T2 FINANCIAL LLC 1 5.00% $10,758
TOTAL MORTGAGE SERVICES, LLC 1 5.63% $6,986
UNION HOME MORTGAGE CORP. 1 3.75% $6,415
Wells Fargo Bank 1 5.63% $7,621
AMERICAN FINANCIAL RESOURCES, INC. 1 6.63% $3,882

The top East Stroudsburg USDA lender as defined by loan originations is Acre Mortgage and Financial Inc, with 3 USDA loans originated. Their average total fees are $11,454, which is $4,613 higher than the next largest lender, CROSSCOUNTRY MORTGAGE, LLC.

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 $159,950 (1.0%) $200,140 (3.9%) 0.59 1,448
2018-02-01 $159,928 (0.1%) $201,300 (3.4%) 0.58 1,352
2018-03-01 $163,900 (2.5%) $204,626 (2.8%) 0.58 1,337
2018-04-01 $168,200 (2.0%) $206,719 (1.4%) 0.57 1,383
2018-05-01 $169,125 (1.9%) $206,092 (0.5%) 0.56 1,505
2018-06-01 $168,400 (-0.4%) $206,848 (1.2%) 0.56 1,606
2018-07-01 $172,050 (1.8%) $209,981 (2.1%) 0.57 1,681
2018-08-01 $171,500 (1.0%) $209,415 (1.8%) 0.57 1,718
2018-09-01 $172,500 (1.8%) $211,601 (4.0%) 0.58 1,676
2018-10-01 $176,475 (4.2%) $215,533 (5.3%) 0.60 1,600
2018-11-01 $179,450 (7.5%) $215,693 (6.5%) 0.61 1,516
2018-12-01 $175,000 (6.7%) $211,891 (5.1%) 0.60 1,398
2019-01-01 $174,094 (8.8%) $208,185 (4.0%) 0.60 1,273
2019-02-01 $177,000 (10.7%) $213,595 (6.1%) 0.60 1,226
2019-03-01 $178,936 (9.2%) $215,944 (5.5%) 0.59 1,229
2019-04-01 $178,936 (6.4%) $217,136 (5.0%) 0.57 1,290
2019-05-01 $179,900 (6.4%) $219,003 (6.3%) 0.56 1,400
2019-06-01 $179,900 (6.8%) $218,560 (5.7%) 0.56 1,577
2019-07-01 $179,900 (4.6%) $216,831 (3.3%) 0.56 1,653
2019-08-01 $181,363 (5.8%) $218,650 (4.4%) 0.57 1,663
2019-09-01 $183,409 (6.3%) $218,166 (3.1%) 0.59 1,652
2019-10-01 $185,450 (5.1%) $217,062 (0.7%) 0.60 1,624
2019-11-01 $189,000 (5.3%) $223,348 (3.6%) 0.62 1,450
2019-12-01 $185,450 (6.0%) $221,950 (4.8%) 0.62 1,290
2020-01-01 $186,175 (6.9%) $224,759 (8.0%) 0.62 1,185
2020-02-01 $189,900 (7.3%) $230,631 (8.0%) 0.62 1,105
2020-03-01 $195,000 (9.0%) $232,602 (7.7%) 0.61 1,085
2020-04-01 $199,000 (11.2%) $236,246 (8.8%) 0.62 1,009
2020-05-01 $199,850 (11.1%) $237,010 (8.2%) 0.61 1,014
2020-06-01 $211,375 (17.5%) $246,987 (13.0%) 0.62 964
2020-07-01 $219,450 (22.0%) $257,046 (18.6%) 0.64 801
2020-08-01 $225,000 (24.1%) $277,035 (26.7%) 0.64 679
2020-09-01 $229,900 (25.4%) $290,371 (33.1%) 0.66 622
2020-10-01 $239,999 (29.4%) $295,459 (36.1%) 0.69 600
2020-11-01 $242,950 (28.5%) $299,936 (34.3%) 0.71 588
2020-12-01 $252,246 (36.0%) $310,207 (39.8%) 0.75 549
2021-01-01 $265,000 (42.3%) $336,217 (49.6%) 0.79 434
2021-02-01 $279,000 (46.9%) $350,224 (51.9%) 0.81 368
2021-03-01 $279,000 (43.1%) $349,556 (50.3%) 0.79 367
2021-04-01 $279,450 (40.4%) $346,233 (46.6%) 0.76 414
2021-05-01 $279,000 (39.6%) $334,593 (41.2%) 0.74 503
2021-06-01 $279,950 (32.4%) $341,550 (38.3%) 0.74 577
2021-07-01 $289,900 (32.1%) $355,055 (38.1%) 0.76 691
2021-08-01 $289,900 (28.8%) $362,414 (30.8%) 0.77 739
2021-09-01 $297,000 (29.2%) $373,819 (28.7%) 0.79 713
2021-10-01 $295,000 (22.9%) $375,002 (26.9%) 0.79 666
2021-11-01 $298,700 (23.0%) $376,147 (25.4%) 0.80 591
2021-12-01 $299,900 (18.9%) $396,548 (27.8%) 0.81 491
2022-01-01 $319,950 (20.7%) $414,968 (23.4%) 0.87 408
2022-02-01 $325,950 (16.8%) $426,389 (21.8%) 0.85 349
2022-03-01 $325,000 (16.5%) $416,794 (19.2%) 0.81 366
2022-04-01 $335,000 (19.9%) $405,225 (17.0%) 0.80 438
2022-05-01 $349,950 (25.4%) $402,546 (20.3%) 0.80 563
2022-06-01 $349,900 (25.0%) $399,774 (17.1%) 0.78 690
2022-07-01 $349,450 (20.5%) $406,398 (14.5%) 0.79 842
2022-08-01 $349,900 (20.7%) $400,607 (10.5%) 0.81 846
2022-09-01 $348,500 (17.3%) $397,839 (6.4%) 0.81 858
2022-10-01 $348,000 (18.0%) $393,679 (5.0%) 0.82 833
2022-11-01 $336,125 (12.5%) $399,224 (6.1%) 0.81 779
2022-12-01 $330,000 (10.0%) $395,948 (-0.2%) 0.81 726
2023-01-01 $329,950 (3.1%) $395,979 (-4.6%) 0.82 642
2023-02-01 $330,000 (1.2%) $398,717 (-6.5%) 0.80 595
2023-03-01 $342,750 (5.5%) $404,864 (-2.9%) 0.81 556
2023-04-01 $350,000 (4.5%) $418,751 (3.3%) 0.81 581
2023-05-01 $350,000 (0.0%) $423,004 (5.1%) 0.79 633
East Stroudsburg's median listing price for 2023-05-01 was $350,000, a difference of $50 (0.0%) versus the prior year and $0 versus the prior month.

East Stroudsburg's median listing price comes in at 79% of the national average.

East Stroudsburg's average listing price for 2023-05-01 was $423,004, a difference of $20,458 (5.1%) versus the prior year and $4,253 versus the prior month.

For the 2023-05-01 period, East Stroudsburg had 633 MLS listings, a difference of 52 listings (9%) versus the prior month and 70 listings (12%) 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
2018-01-01 106 days 1,805 sqft
2018-02-01 109 days 1,794 sqft
2018-03-01 101 days 1,792 sqft
2018-04-01 76 days 1,821 sqft
2018-05-01 61 days 1,829 sqft
2018-06-01 66 days 1,820 sqft
2018-07-01 67 days 1,826 sqft
2018-08-01 72 days 1,820 sqft
2018-09-01 83 days 1,836 sqft
2018-10-01 91 days 1,849 sqft
2018-11-01 95 days 1,862 sqft
2018-12-01 105 days 1,839 sqft
2019-01-01 106 days 1,816 sqft
2019-02-01 109 days 1,834 sqft
2019-03-01 93 days 1,837 sqft
2019-04-01 72 days 1,845 sqft
2019-05-01 63 days 1,880 sqft
2019-06-01 60 days 1,874 sqft
2019-07-01 68 days 1,883 sqft
2019-08-01 75 days 1,893 sqft
2019-09-01 82 days 1,897 sqft
2019-10-01 88 days 1,900 sqft
2019-11-01 92 days 1,896 sqft
2019-12-01 100 days 1,874 sqft
2020-01-01 107 days 1,879 sqft
2020-02-01 110 days 1,884 sqft
2020-03-01 91 days 1,889 sqft
2020-04-01 100 days 1,900 sqft
2020-05-01 110 days 1,900 sqft
2020-06-01 100 days 1,939 sqft
2020-07-01 66 days 1,942 sqft
2020-08-01 64 days 1,973 sqft
2020-09-01 54 days 2,017 sqft
2020-10-01 51 days 1,928 sqft
2020-11-01 53 days 1,903 sqft
2020-12-01 68 days 1,950 sqft
2021-01-01 82 days 2,002 sqft
2021-02-01 79 days 2,040 sqft
2021-03-01 65 days 2,016 sqft
2021-04-01 40 days 1,966 sqft
2021-05-01 32 days 1,933 sqft
2021-06-01 39 days 1,919 sqft
2021-07-01 37 days 1,910 sqft
2021-08-01 45 days 1,988 sqft
2021-09-01 52 days 1,978 sqft
2021-10-01 64 days 1,927 sqft
2021-11-01 73 days 1,948 sqft
2021-12-01 89 days 1,924 sqft
2022-01-01 85 days 1,996 sqft
2022-02-01 72 days 1,961 sqft
2022-03-01 39 days 1,947 sqft
2022-04-01 33 days 1,920 sqft
2022-05-01 32 days 1,910 sqft
2022-06-01 35 days 1,967 sqft
2022-07-01 39 days 1,961 sqft
2022-08-01 49 days 1,960 sqft
2022-09-01 58 days 1,958 sqft
2022-10-01 64 days 1,972 sqft
2022-11-01 70 days 1,974 sqft
2022-12-01 80 days 1,972 sqft
2023-01-01 79 days 1,927 sqft
2023-02-01 71 days 1,871 sqft
2023-03-01 62 days 1,880 sqft
2023-04-01 55 days 1,900 sqft
2023-05-01 48 days 1,854 sqft
East Stroudsburg's median listing age (time on market) for 2023-05-01 was 48 days. This is 51% longer than the same period one year ago.

East Stroudsburg's median square footage for active listings during the 2023-05-01 period was 1,854 sqft. One year prior, the average listing was 1,910 sqft.