Harrisburg USDA Loan Rates, Closing Costs & Stats

HARRISBURG-CARLISLE, 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.

Harrisburg's 25 lenders originated 38 USDA loans during 2023. The total origination value was $6,680,000, with an average USDA loan value of $175,789.

Harrisburg USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Harrisburg averaged 6.35% for the week of 2024-10-25, compared to the national average (all USDA variants) of 6.29% for the same period.

Harrisburg's average USDA mortgage closing costs are $5,701.

The average rate for the prior week (2024-10-18) was 6.24% and one month ago for the week of 2024-09-20, the average rate was 5.65%.

The average rate one year ago was 7.57%.

For refis of the same type during the week of 2024-10-25, the average rate was 6.61%.

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

Harrisburg 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 Harrisburg level.

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
Mortgage America, Inc. 4 5.97% $4,908
GUILD MORTGAGE COMPANY 4 6.56% $6,333
CROSSCOUNTRY MORTGAGE, LLC 3 6.33% $9,134
UNITED WHOLESALE MORTGAGE, LLC 2 6.06% $7,366
Citizens Bank 2 6.94% $7,663
MEMBERS 1ST FEDERAL CREDIT UNION 2 6.63% $5,719
Northpointe Bank 2 6.00% $6,528
HOMESPIRE MORTGAGE CORPORATION 1 6.63% $1,954
Integrity Home Mortgage Corp 1 5.50% $12,739
LOANDEPOT.COM, LLC 1 6.25% $6,712
MOVEMENT MORTGAGE, LLC 1 7.63% $8,749
M&T Bank 1 6.25% $6,835
NFM, INC. 1 6.88% $7,595
Paramount Residential Mortgage Group, Inc. 1 6.75% $8,496
PLAZA HOME MORTGAGE, INC. 1 6.75% $10,214
TIDEWATER MORTGAGE SERVICES, INC. 1 6.13% $5,870
Towne Bank 1 5.88% $6,266
ABSOLUTE HOME MORTGAGE CORPORATION 1 7.13% $8,127
Univest Bank and Trust Co. 1 7.13% $9,323
ALLIED MORTGAGE GROUP, INC. 1 5.75% $14,028
CMG MORTGAGE, INC. 1 7.25% $7,333
Equity Prime Mortgage LLC 1 7.25% $5,003
Flagstar Bank, FSB 1 6.75% $2,781
Foote Capital Mortgage Company 1 6.75% $2,781
GUARANTEED RATE AFFINITY, LLC 1 7.25% $8,811

The top Harrisburg USDA lender as defined by loan originations is Mortgage America, Inc., with 4 USDA loans originated. Their average total fees are $4,908, which is $1,424 lower than the next largest lender, GUILD MORTGAGE COMPANY.

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

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