Erie USDA Loan Rates, Closing Costs & Stats
ERIE, 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.
Erie's 8 lenders originated 8 USDA loans during 2023. The total origination value was $1,260,000, with an average USDA loan value of $157,500.
Erie USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Erie
averaged
6.47%
for the week of 2024-12-13, compared to the national average (all USDA variants) of
6.303% for the same period.
Erie's average USDA mortgage closing costs are $8,775.
The average rate for the prior week (2024-12-06) was
6.41% and
one month ago for the week of 2024-11-08, the
average rate was 6.72%.
The average rate one year ago was 7.09%.
For refis of the same type during the week of 2024-12-13, the average rate
was 6.5%.
Erie 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 Erie level.
| Name | # of Loans | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
|---|---|---|---|
| AFFORDABLE MORTGAGE ADVISORS, LLC. | 1 | 6.63% | $4,102 |
| EQUITY RESOURCES, INC. | 1 | 6.25% | $5,316 |
| Flagstar Bank, FSB | 1 | 7.13% | $7,056 |
| MOVEMENT MORTGAGE, LLC | 1 | 7.25% | $5,821 |
| Northwest Bank | 1 | 7.00% | $5,814 |
| TOWNE MORTGAGE COMPANY | 1 | 6.25% | $9,790 |
| UNION HOME MORTGAGE CORP. | 1 | 7.00% | $5,975 |
| UNITED WHOLESALE MORTGAGE, LLC | 1 | 6.50% | $8,680 |
The top Erie USDA lender as defined by loan originations is AFFORDABLE MORTGAGE ADVISORS, LLC., with
1 USDA loans originated. Their average total fees are
$4,102, which is $1,214
lower than the next largest lender,
EQUITY RESOURCES, INC..
The lowest fee Erie USDA lenders (with over 10 loans originated) are
.
The lowest rate Erie USDA lenders (with over 10 loans originated) are
.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Erie (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 | $129,900 (8.3%) | $190,862 (7.4%) | 0.48 | 1,011 |
| 2018-02-01 | $133,250 (11.1%) | $191,592 (4.8%) | 0.48 | 947 |
| 2018-03-01 | $134,900 (12.0%) | $194,171 (5.0%) | 0.47 | 968 |
| 2018-04-01 | $139,900 (8.2%) | $203,656 (4.2%) | 0.47 | 940 |
| 2018-05-01 | $147,363 (15.0%) | $206,804 (5.8%) | 0.49 | 984 |
| 2018-06-01 | $144,000 (10.8%) | $209,543 (4.3%) | 0.48 | 1,042 |
| 2018-07-01 | $144,900 (5.0%) | $207,969 (2.7%) | 0.48 | 1,089 |
| 2018-08-01 | $141,175 (4.6%) | $204,465 (2.4%) | 0.47 | 1,122 |
| 2018-09-01 | $136,950 (1.4%) | $201,985 (1.5%) | 0.46 | 1,162 |
| 2018-10-01 | $138,400 (4.7%) | $200,402 (2.6%) | 0.47 | 1,137 |
| 2018-11-01 | $134,925 (2.9%) | $200,125 (2.4%) | 0.46 | 1,078 |
| 2018-12-01 | $134,900 (3.8%) | $199,376 (3.5%) | 0.47 | 1,005 |
| 2019-01-01 | $136,400 (5.0%) | $199,894 (4.7%) | 0.47 | 912 |
| 2019-02-01 | $139,900 (5.0%) | $206,435 (7.8%) | 0.47 | 884 |
| 2019-03-01 | $146,400 (8.5%) | $210,557 (8.4%) | 0.48 | 871 |
| 2019-04-01 | $155,000 (10.8%) | $217,173 (6.6%) | 0.49 | 858 |
| 2019-05-01 | $161,944 (9.9%) | $227,642 (10.1%) | 0.51 | 864 |
| 2019-06-01 | $167,950 (16.6%) | $229,506 (9.5%) | 0.52 | 897 |
| 2019-07-01 | $166,250 (14.7%) | $225,689 (8.5%) | 0.52 | 919 |
| 2019-08-01 | $159,155 (12.7%) | $222,171 (8.7%) | 0.50 | 920 |
| 2019-09-01 | $151,136 (10.4%) | $216,765 (7.3%) | 0.48 | 909 |
| 2019-10-01 | $142,413 (2.9%) | $211,858 (5.7%) | 0.46 | 899 |
| 2019-11-01 | $140,000 (3.8%) | $206,675 (3.3%) | 0.46 | 822 |
| 2019-12-01 | $136,775 (1.4%) | $205,037 (2.8%) | 0.46 | 732 |
| 2020-01-01 | $134,900 (-1.1%) | $201,860 (1.0%) | 0.45 | 663 |
| 2020-02-01 | $137,999 (-1.4%) | $209,083 (1.3%) | 0.45 | 599 |
| 2020-03-01 | $145,287 (-0.8%) | $221,563 (5.2%) | 0.46 | 537 |
| 2020-04-01 | $151,900 (-2.0%) | $232,417 (7.0%) | 0.48 | 506 |
| 2020-05-01 | $164,800 (1.8%) | $236,492 (3.9%) | 0.50 | 500 |
| 2020-06-01 | $171,325 (2.0%) | $242,633 (5.7%) | 0.50 | 455 |
| 2020-07-01 | $167,450 (0.7%) | $238,506 (5.7%) | 0.49 | 458 |
| 2020-08-01 | $162,900 (2.4%) | $234,005 (5.3%) | 0.47 | 419 |
| 2020-09-01 | $153,450 (1.5%) | $224,339 (3.5%) | 0.44 | 392 |
| 2020-10-01 | $139,950 (-1.7%) | $214,619 (1.3%) | 0.40 | 408 |
| 2020-11-01 | $134,800 (-3.7%) | $206,960 (0.1%) | 0.39 | 382 |
| 2020-12-01 | $129,900 (-5.0%) | $209,033 (2.0%) | 0.39 | 332 |
| 2021-01-01 | $135,000 (0.1%) | $220,454 (9.2%) | 0.40 | 274 |
| 2021-02-01 | $139,175 (0.9%) | $222,857 (6.6%) | 0.41 | 217 |
| 2021-03-01 | $137,400 (-5.4%) | $225,047 (1.6%) | 0.39 | 207 |
| 2021-04-01 | $134,900 (-11.2%) | $219,258 (-5.7%) | 0.37 | 188 |
| 2021-05-01 | $149,900 (-9.0%) | $252,874 (6.9%) | 0.40 | 201 |
| 2021-06-01 | $162,900 (-4.9%) | $270,943 (11.7%) | 0.43 | 263 |
| 2021-07-01 | $160,000 (-4.5%) | $260,742 (9.3%) | 0.42 | 300 |
| 2021-08-01 | $147,400 (-9.5%) | $250,343 (7.0%) | 0.39 | 319 |
| 2021-09-01 | $149,900 (-2.3%) | $247,559 (10.4%) | 0.40 | 319 |
| 2021-10-01 | $149,950 (7.2%) | $255,610 (19.1%) | 0.40 | 311 |
| 2021-11-01 | $139,900 (3.8%) | $254,738 (23.1%) | 0.37 | 292 |
| 2021-12-01 | $139,900 (7.7%) | $278,740 (33.4%) | 0.38 | 278 |
| 2022-01-01 | $133,450 (-1.2%) | $289,737 (31.4%) | 0.36 | 236 |
| 2022-02-01 | $138,725 (-0.3%) | $286,784 (28.7%) | 0.36 | 189 |
| 2022-03-01 | $167,500 (21.9%) | $313,198 (39.2%) | 0.42 | 184 |
| 2022-04-01 | $174,950 (29.7%) | $304,085 (38.7%) | 0.42 | 196 |
| 2022-05-01 | $189,900 (26.7%) | $296,170 (17.1%) | 0.43 | 236 |
| 2022-06-01 | $185,550 (13.9%) | $281,611 (3.9%) | 0.41 | 271 |
| 2022-07-01 | $189,450 (18.4%) | $275,649 (5.7%) | 0.43 | 293 |
| 2022-08-01 | $184,750 (25.3%) | $281,288 (12.4%) | 0.43 | 315 |
| 2022-09-01 | $188,802 (26.0%) | $271,753 (9.8%) | 0.44 | 315 |
| 2022-10-01 | $200,000 (33.4%) | $283,120 (10.8%) | 0.47 | 299 |
| 2022-11-01 | $199,900 (42.9%) | $287,172 (12.7%) | 0.48 | 262 |
| 2022-12-01 | $192,000 (37.2%) | $279,029 (0.1%) | 0.47 | 233 |
| 2023-01-01 | $187,872 (40.8%) | $278,772 (-3.8%) | 0.47 | 216 |
| 2023-02-01 | $182,450 (31.5%) | $275,806 (-3.8%) | 0.44 | 182 |
| 2023-03-01 | $197,450 (17.9%) | $284,830 (-9.1%) | 0.47 | 182 |
| 2023-04-01 | $229,950 (31.4%) | $319,702 (5.1%) | 0.53 | 173 |
| 2023-05-01 | $239,450 (26.1%) | $321,004 (8.4%) | 0.54 | 191 |
| 2023-06-01 | $229,500 (23.7%) | $312,621 (11.0%) | 0.52 | 193 |
| 2023-07-01 | $209,900 (10.8%) | $306,957 (11.4%) | 0.48 | 231 |
| 2023-08-01 | $220,650 (19.4%) | $305,594 (8.6%) | 0.51 | 243 |
| 2023-09-01 | $222,450 (17.8%) | $316,024 (16.3%) | 0.52 | 258 |
| 2023-10-01 | $227,000 (13.5%) | $313,648 (10.8%) | 0.53 | 277 |
| 2023-11-01 | $225,000 (12.6%) | $308,312 (7.4%) | 0.54 | 291 |
| 2023-12-01 | $215,950 (12.5%) | $299,671 (7.4%) | 0.53 | 241 |
| 2024-01-01 | $224,950 (19.7%) | $305,878 (9.7%) | 0.55 | 227 |
| 2024-02-01 | $231,200 (26.7%) | $317,788 (15.2%) | 0.56 | 193 |
| 2024-03-01 | $264,900 (34.2%) | $352,988 (23.9%) | 0.62 | 178 |
| 2024-04-01 | $282,075 (22.7%) | $374,651 (17.2%) | 0.66 | 175 |
| 2024-05-01 | $302,400 (26.3%) | $390,302 (21.6%) | 0.68 | 190 |
| 2024-06-01 | $259,900 (13.3%) | $338,234 (8.2%) | 0.58 | 214 |
| 2024-07-01 | $266,250 (26.9%) | $349,039 (13.7%) | 0.61 | 203 |
| 2024-08-01 | $243,450 (10.3%) | $330,668 (8.2%) | 0.57 | 226 |
| 2024-09-01 | $239,925 (7.9%) | $331,982 (5.1%) | 0.56 | 247 |
| 2024-10-01 | $239,675 (5.6%) | $326,198 (4.0%) | 0.56 | 258 |
| 2024-11-01 | $239,250 (6.3%) | $327,030 (6.1%) | 0.57 | 241 |
Erie's median listing price comes in at 57% of the national average.
Erie's average listing price for 2024-11-01 was $327,030, a difference of $18,718 (6.1%) versus the prior year and $832 versus the prior month.
For the 2024-11-01 period, Erie had 241 MLS listings, a difference of -17 listings (-7%) versus the prior month and -50 listings (-17%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Erie (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 122 days | 1,611 sqft |
| 2018-02-01 | 121 days | 1,614 sqft |
| 2018-03-01 | 107 days | 1,613 sqft |
| 2018-04-01 | 84 days | 1,628 sqft |
| 2018-05-01 | 70 days | 1,637 sqft |
| 2018-06-01 | 61 days | 1,621 sqft |
| 2018-07-01 | 65 days | 1,612 sqft |
| 2018-08-01 | 67 days | 1,581 sqft |
| 2018-09-01 | 68 days | 1,600 sqft |
| 2018-10-01 | 77 days | 1,583 sqft |
| 2018-11-01 | 89 days | 1,574 sqft |
| 2018-12-01 | 102 days | 1,560 sqft |
| 2019-01-01 | 113 days | 1,559 sqft |
| 2019-02-01 | 116 days | 1,573 sqft |
| 2019-03-01 | 104 days | 1,600 sqft |
| 2019-04-01 | 88 days | 1,628 sqft |
| 2019-05-01 | 75 days | 1,642 sqft |
| 2019-06-01 | 72 days | 1,683 sqft |
| 2019-07-01 | 61 days | 1,662 sqft |
| 2019-08-01 | 65 days | 1,632 sqft |
| 2019-09-01 | 72 days | 1,623 sqft |
| 2019-10-01 | 78 days | 1,608 sqft |
| 2019-11-01 | 87 days | 1,593 sqft |
| 2019-12-01 | 103 days | 1,568 sqft |
| 2020-01-01 | 109 days | 1,550 sqft |
| 2020-02-01 | 110 days | 1,560 sqft |
| 2020-03-01 | 91 days | 1,586 sqft |
| 2020-04-01 | 96 days | 1,600 sqft |
| 2020-05-01 | 89 days | 1,640 sqft |
| 2020-06-01 | 66 days | 1,657 sqft |
| 2020-07-01 | 54 days | 1,652 sqft |
| 2020-08-01 | 53 days | 1,668 sqft |
| 2020-09-01 | 54 days | 1,555 sqft |
| 2020-10-01 | 55 days | 1,512 sqft |
| 2020-11-01 | 69 days | 1,487 sqft |
| 2020-12-01 | 78 days | 1,472 sqft |
| 2021-01-01 | 85 days | 1,509 sqft |
| 2021-02-01 | 77 days | 1,505 sqft |
| 2021-03-01 | 51 days | 1,491 sqft |
| 2021-04-01 | 43 days | 1,499 sqft |
| 2021-05-01 | 36 days | 1,524 sqft |
| 2021-06-01 | 32 days | 1,570 sqft |
| 2021-07-01 | 38 days | 1,544 sqft |
| 2021-08-01 | 39 days | 1,515 sqft |
| 2021-09-01 | 51 days | 1,554 sqft |
| 2021-10-01 | 55 days | 1,542 sqft |
| 2021-11-01 | 64 days | 1,544 sqft |
| 2021-12-01 | 70 days | 1,561 sqft |
| 2022-01-01 | 81 days | 1,544 sqft |
| 2022-02-01 | 84 days | 1,584 sqft |
| 2022-03-01 | 67 days | 1,641 sqft |
| 2022-04-01 | 39 days | 1,648 sqft |
| 2022-05-01 | 35 days | 1,667 sqft |
| 2022-06-01 | 34 days | 1,618 sqft |
| 2022-07-01 | 39 days | 1,608 sqft |
| 2022-08-01 | 43 days | 1,591 sqft |
| 2022-09-01 | 46 days | 1,657 sqft |
| 2022-10-01 | 54 days | 1,696 sqft |
| 2022-11-01 | 63 days | 1,724 sqft |
| 2022-12-01 | 74 days | 1,696 sqft |
| 2023-01-01 | 80 days | 1,647 sqft |
| 2023-02-01 | 85 days | 1,655 sqft |
| 2023-03-01 | 55 days | 1,653 sqft |
| 2023-04-01 | 45 days | 1,667 sqft |
| 2023-05-01 | 38 days | 1,674 sqft |
| 2023-06-01 | 40 days | 1,660 sqft |
| 2023-07-01 | 40 days | 1,647 sqft |
| 2023-08-01 | 37 days | 1,657 sqft |
| 2023-09-01 | 44 days | 1,650 sqft |
| 2023-10-01 | 43 days | 1,646 sqft |
| 2023-11-01 | 42 days | 1,690 sqft |
| 2023-12-01 | 61 days | 1,649 sqft |
| 2024-01-01 | 73 days | 1,642 sqft |
| 2024-02-01 | 73 days | 1,712 sqft |
| 2024-03-01 | 50 days | 1,745 sqft |
| 2024-04-01 | 42 days | 1,728 sqft |
| 2024-05-01 | 34 days | 1,733 sqft |
| 2024-06-01 | 32 days | 1,678 sqft |
| 2024-07-01 | 43 days | 1,740 sqft |
| 2024-08-01 | 38 days | 1,668 sqft |
| 2024-09-01 | 39 days | 1,628 sqft |
| 2024-10-01 | 40 days | 1,608 sqft |
| 2024-11-01 | 47 days | 1,590 sqft |
Erie's median square footage for active listings during the 2024-11-01 period was 1,590 sqft. One year prior, the average listing was 1,690 sqft.