Elmira USDA Loan Rates, Closing Costs & Stats

ELMIRA, NY

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    • 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.

    Elmira's 5 lenders originated 10 USDA loans during 2023. The total origination value was $1,290,000, with an average USDA loan value of $129,000.

    Elmira USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Elmira averaged 0.02% for the week of 2024-11-15, compared to the national average (all USDA variants) of 0% for the same period.

    Elmira's average USDA mortgage closing costs are $4,963.

    The average rate for the prior week (2024-11-08) was 6.28% and one month ago for the week of 2024-10-11, the average rate was 6.24%.

    The average rate one year ago was 7.07%.

    For refis of the same type during the week of 2024-11-15, the average rate was -0.1%.

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

    Elmira 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 Elmira level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    PARAGON HOME LOANS INC. 4 6.94% $5,899
    MOVEMENT MORTGAGE, LLC 3 6.75% $6,166
    HOMEBRIDGE FINANCIAL SERVICES, INC. 1 6.88% $6,743
    PLAZA HOME MORTGAGE, INC. 1 6.13% $9,295
    UNITED WHOLESALE MORTGAGE, LLC 1 6.50% $6,859

    The top Elmira USDA lender as defined by loan originations is PARAGON HOME LOANS INC., with 4 USDA loans originated. Their average total fees are $5,899, which is $267 lower than the next largest lender, MOVEMENT MORTGAGE, LLC.

    The lowest fee Elmira USDA lenders (with over 10 loans originated) are .

    The lowest rate Elmira USDA lenders (with over 10 loans originated) are .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Elmira (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 $99,900 (-10.6%) $145,904 (1.9%) 0.00 314
    2018-02-01 $97,175 (-16.3%) $144,018 (-1.6%) 0.00 311
    2018-03-01 $89,900 (-24.4%) $144,621 (-4.0%) 0.00 302
    2018-04-01 $92,450 (-25.9%) $147,569 (-6.3%) 0.00 304
    2018-05-01 $102,475 (-19.1%) $155,190 (-4.2%) 0.00 336
    2018-06-01 $110,000 (-14.7%) $160,012 (-2.2%) 0.00 386
    2018-07-01 $109,900 (-12.1%) $156,527 (-5.7%) 0.00 386
    2018-08-01 $109,925 (-8.4%) $161,158 (-0.5%) 0.00 377
    2018-09-01 $109,900 (-6.8%) $159,345 (0.6%) 0.00 362
    2018-10-01 $109,900 (-7.6%) $159,556 (0.0%) 0.00 339
    2018-11-01 $103,700 (-9.0%) $152,491 (-1.4%) 0.00 326
    2018-12-01 $99,700 (-0.2%) $143,275 (-1.2%) 0.00 306
    2019-01-01 $96,475 (-3.4%) $137,186 (-6.0%) 0.00 290
    2019-02-01 $99,950 (2.9%) $140,243 (-2.6%) 0.00 284
    2019-03-01 $109,500 (21.8%) $147,351 (1.9%) 0.00 274
    2019-04-01 $119,900 (29.7%) $161,914 (9.7%) 0.00 256
    2019-05-01 $115,450 (12.7%) $174,418 (12.4%) 0.00 265
    2019-06-01 $118,500 (7.7%) $166,162 (3.8%) 0.00 276
    2019-07-01 $127,400 (15.9%) $172,814 (10.4%) 0.00 279
    2019-08-01 $131,845 (19.9%) $171,691 (6.5%) 0.00 297
    2019-09-01 $127,264 (15.8%) $165,446 (3.8%) 0.00 307
    2019-10-01 $121,800 (10.8%) $158,808 (-0.5%) 0.00 318
    2019-11-01 $109,000 (5.1%) $153,013 (0.3%) 0.00 294
    2019-12-01 $105,725 (6.0%) $153,324 (7.0%) 0.00 270
    2020-01-01 $109,000 (13.0%) $150,133 (9.4%) 0.00 252
    2020-02-01 $115,000 (15.1%) $153,465 (9.4%) 0.00 258
    2020-03-01 $106,000 (-3.2%) $152,391 (3.4%) 0.00 258
    2020-04-01 $121,900 (1.7%) $160,515 (-0.9%) 0.00 245
    2020-05-01 $124,900 (8.2%) $166,798 (-4.4%) 0.00 232
    2020-06-01 $139,950 (18.1%) $183,734 (10.6%) 0.00 242
    2020-07-01 $146,500 (15.0%) $193,462 (12.0%) 0.00 211
    2020-08-01 $146,250 (10.9%) $196,578 (14.5%) 0.00 184
    2020-09-01 $139,900 (9.9%) $193,867 (17.2%) 0.00 169
    2020-10-01 $131,000 (7.6%) $190,204 (19.8%) 0.00 172
    2020-11-01 $132,000 (21.1%) $192,106 (25.6%) 0.00 166
    2020-12-01 $129,900 (22.9%) $182,540 (19.1%) 0.00 172
    2021-01-01 $129,900 (19.2%) $181,476 (20.9%) 0.00 163
    2021-02-01 $130,550 (13.5%) $195,776 (27.6%) 0.00 133
    2021-03-01 $137,975 (30.2%) $196,777 (29.1%) 0.00 128
    2021-04-01 $146,175 (19.9%) $206,975 (28.9%) 0.00 115
    2021-05-01 $154,000 (23.3%) $228,911 (37.2%) 0.00 133
    2021-06-01 $169,950 (21.4%) $232,472 (26.5%) 0.00 150
    2021-07-01 $165,000 (12.6%) $211,066 (9.1%) 0.00 158
    2021-08-01 $158,725 (8.5%) $191,418 (-2.6%) 0.00 180
    2021-09-01 $149,900 (7.2%) $189,238 (-2.4%) 0.00 163
    2021-10-01 $148,950 (13.7%) $190,689 (0.3%) 0.00 148
    2021-11-01 $139,450 (5.6%) $182,643 (-4.9%) 0.00 146
    2021-12-01 $124,825 (-3.9%) $173,708 (-4.8%) 0.00 141
    2022-01-01 $122,000 (-6.1%) $178,456 (-1.7%) 0.00 116
    2022-02-01 $115,950 (-11.2%) $178,714 (-8.7%) 0.00 104
    2022-03-01 $96,975 (-29.7%) $164,518 (-16.4%) 0.00 114
    2022-04-01 $99,900 (-31.7%) $176,075 (-14.9%) 0.00 115
    2022-05-01 $121,200 (-21.3%) $194,653 (-15.0%) 0.00 130
    2022-06-01 $131,250 (-22.8%) $203,955 (-12.3%) 0.00 137
    2022-07-01 $134,900 (-18.2%) $212,471 (0.7%) 0.00 152
    2022-08-01 $132,975 (-16.2%) $207,495 (8.4%) 0.00 148
    2022-09-01 $143,725 (-4.1%) $211,342 (11.7%) 0.00 161
    2022-10-01 $149,950 (0.7%) $211,089 (10.7%) 0.00 162
    2022-11-01 $167,975 (20.5%) $222,340 (21.7%) 0.00 172
    2022-12-01 $175,000 (40.2%) $232,049 (33.6%) 0.00 143
    2023-01-01 $166,600 (36.6%) $211,885 (18.7%) 0.00 119
    2023-02-01 $154,675 (33.4%) $199,728 (11.8%) 0.00 104
    2023-03-01 $149,600 (54.3%) $204,856 (24.5%) 0.00 99
    2023-04-01 $159,900 (60.1%) $228,102 (29.6%) 0.00 102
    2023-05-01 $149,950 (23.7%) $226,895 (16.6%) 0.00 114
    2023-06-01 $155,000 (18.1%) $232,338 (13.9%) 0.00 103
    2023-07-01 $168,500 (24.9%) $236,443 (11.3%) 0.00 112
    2023-08-01 $152,950 (15.0%) $220,264 (6.2%) 0.00 133
    2023-09-01 $164,900 (14.7%) $236,035 (11.7%) 0.00 136
    2023-10-01 $169,675 (13.2%) $240,584 (14.0%) 0.00 143
    2023-11-01 $152,750 (-9.1%) $226,138 (1.7%) 0.00 144
    2023-12-01 $152,450 (-12.9%) $226,011 (-2.6%) 0.00 132
    2024-01-01 $146,400 (-12.1%) $215,515 (1.7%) 0.00 120
    2024-02-01 $147,675 (-4.5%) $217,307 (8.8%) 0.00 112
    2024-03-01 $175,000 (17.0%) $230,479 (12.5%) 0.00 103
    2024-04-01 $188,725 (18.0%) $252,544 (10.7%) 0.00 93
    2024-05-01 $187,000 (24.7%) $249,810 (10.1%) 0.00 101
    2024-06-01 $202,000 (30.3%) $262,103 (12.8%) 0.00 123
    2024-07-01 $185,975 (10.4%) $245,891 (4.0%) 0.00 145
    2024-08-01 $174,900 (14.4%) $229,751 (4.3%) 0.00 154
    2024-09-01 $169,475 (2.8%) $222,672 (-5.7%) 0.00 172
    2024-10-01 $162,450 (-4.3%) $208,830 (-13.2%) 0.00 180
    Elmira's median listing price for 2024-10-01 was $162,450, a difference of $-7,225 (-4.3%) versus the prior year and $-7,025 versus the prior month.

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

    Elmira's average listing price for 2024-10-01 was $208,830, a difference of $-31,754 (-13.2%) versus the prior year and $-13,842 versus the prior month.

    For the 2024-10-01 period, Elmira had 180 MLS listings, a difference of 8 listings (5%) versus the prior month and 37 listings (26%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Elmira (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,632 sqft
    2018-02-01 0 days 1,618 sqft
    2018-03-01 0 days 1,600 sqft
    2018-04-01 0 days 1,578 sqft
    2018-05-01 0 days 1,589 sqft
    2018-06-01 0 days 1,636 sqft
    2018-07-01 0 days 1,660 sqft
    2018-08-01 0 days 1,670 sqft
    2018-09-01 0 days 1,643 sqft
    2018-10-01 0 days 1,690 sqft
    2018-11-01 0 days 1,680 sqft
    2018-12-01 0 days 1,637 sqft
    2019-01-01 0 days 1,625 sqft
    2019-02-01 0 days 1,621 sqft
    2019-03-01 0 days 1,639 sqft
    2019-04-01 0 days 1,687 sqft
    2019-05-01 0 days 1,715 sqft
    2019-06-01 0 days 1,810 sqft
    2019-07-01 0 days 1,854 sqft
    2019-08-01 0 days 1,809 sqft
    2019-09-01 0 days 1,785 sqft
    2019-10-01 0 days 1,754 sqft
    2019-11-01 0 days 1,680 sqft
    2019-12-01 0 days 1,740 sqft
    2020-01-01 0 days 1,645 sqft
    2020-02-01 0 days 1,721 sqft
    2020-03-01 0 days 1,735 sqft
    2020-04-01 0 days 1,724 sqft
    2020-05-01 0 days 1,720 sqft
    2020-06-01 0 days 1,797 sqft
    2020-07-01 0 days 1,859 sqft
    2020-08-01 0 days 1,910 sqft
    2020-09-01 0 days 1,880 sqft
    2020-10-01 0 days 1,861 sqft
    2020-11-01 0 days 1,813 sqft
    2020-12-01 0 days 1,821 sqft
    2021-01-01 0 days 1,734 sqft
    2021-02-01 0 days 1,716 sqft
    2021-03-01 0 days 1,739 sqft
    2021-04-01 0 days 1,810 sqft
    2021-05-01 0 days 1,862 sqft
    2021-06-01 0 days 1,896 sqft
    2021-07-01 0 days 1,836 sqft
    2021-08-01 0 days 1,760 sqft
    2021-09-01 0 days 1,804 sqft
    2021-10-01 0 days 1,757 sqft
    2021-11-01 0 days 1,705 sqft
    2021-12-01 0 days 1,610 sqft
    2022-01-01 0 days 1,583 sqft
    2022-02-01 0 days 1,603 sqft
    2022-03-01 0 days 1,591 sqft
    2022-04-01 0 days 1,631 sqft
    2022-05-01 0 days 1,698 sqft
    2022-06-01 0 days 1,760 sqft
    2022-07-01 0 days 1,703 sqft
    2022-08-01 0 days 1,693 sqft
    2022-09-01 0 days 1,680 sqft
    2022-10-01 0 days 1,724 sqft
    2022-11-01 0 days 1,703 sqft
    2022-12-01 0 days 1,732 sqft
    2023-01-01 0 days 1,693 sqft
    2023-02-01 0 days 1,593 sqft
    2023-03-01 0 days 1,650 sqft
    2023-04-01 0 days 1,715 sqft
    2023-05-01 0 days 1,590 sqft
    2023-06-01 0 days 1,736 sqft
    2023-07-01 0 days 1,815 sqft
    2023-08-01 0 days 1,792 sqft
    2023-09-01 0 days 1,820 sqft
    2023-10-01 0 days 1,804 sqft
    2023-11-01 0 days 1,762 sqft
    2023-12-01 0 days 1,760 sqft
    2024-01-01 0 days 1,697 sqft
    2024-02-01 0 days 1,655 sqft
    2024-03-01 0 days 1,772 sqft
    2024-04-01 0 days 1,874 sqft
    2024-05-01 0 days 1,716 sqft
    2024-06-01 0 days 1,802 sqft
    2024-07-01 0 days 1,728 sqft
    2024-08-01 0 days 1,679 sqft
    2024-09-01 0 days 1,661 sqft
    2024-10-01 0 days 1,646 sqft
    Elmira's median listing age (time on market) for 2024-10-01 was 0 days.

    Elmira's median square footage for active listings during the 2024-10-01 period was 1,646 sqft. One year prior, the average listing was 1,804 sqft.