Ithaca USDA Loan Rates, Closing Costs & Stats
ITHACA, NY
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.
Ithaca's 2 lenders originated 2 USDA loans during 2023. The total origination value was $540,000, with an average USDA loan value of $270,000.
Ithaca USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Ithaca
averaged
-0.4%
for the week of 2024-11-29, compared to the national average (all USDA variants) of
0% for the same period.
Ithaca's average USDA mortgage closing costs are $6,211.
The average rate for the prior week (2024-11-22) was
6.1% and
one month ago for the week of 2024-10-25, the
average rate was 6%.
The average rate one year ago was 6.6%.
For refis of the same type during the week of 2024-11-29, the average rate
was 0.1%.
Ithaca 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 Ithaca level.
Name | # of Loans | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
---|---|---|---|
Five Star Bank | 1 | 6.63% | $7,349 |
UNITED WHOLESALE MORTGAGE, LLC | 1 | 5.62% | $21,524 |
The top Ithaca USDA lender as defined by loan originations is Five Star Bank, with
1 USDA loans originated. Their average total fees are
$7,349, which is $14,175
lower than the next largest lender,
UNITED WHOLESALE MORTGAGE, LLC.
The lowest fee Ithaca USDA lenders (with over 10 loans originated) are
.
The lowest rate Ithaca USDA lenders (with over 10 loans originated) are
.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Ithaca (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $240,000 (-1.5%) | $329,192 (6.6%) | 0.00 | 181 |
2018-02-01 | $254,725 (-1.3%) | $331,638 (1.0%) | 0.00 | 175 |
2018-03-01 | $270,700 (-2.4%) | $334,600 (-1.6%) | 0.00 | 193 |
2018-04-01 | $264,167 (-5.6%) | $328,622 (-3.9%) | 0.00 | 213 |
2018-05-01 | $284,800 (1.4%) | $336,749 (-4.2%) | 0.00 | 239 |
2018-06-01 | $269,000 (-3.9%) | $331,197 (-7.6%) | 0.00 | 267 |
2018-07-01 | $259,425 (-7.3%) | $316,365 (-9.5%) | 0.00 | 271 |
2018-08-01 | $251,150 (-6.7%) | $308,292 (-10.4%) | 0.00 | 274 |
2018-09-01 | $250,000 (-5.6%) | $313,434 (-7.5%) | 0.00 | 267 |
2018-10-01 | $253,250 (-8.0%) | $309,273 (-9.7%) | 0.00 | 247 |
2018-11-01 | $250,875 (-6.4%) | $322,854 (-4.4%) | 0.00 | 218 |
2018-12-01 | $239,000 (-8.0%) | $332,772 (-1.8%) | 0.00 | 190 |
2019-01-01 | $235,500 (-1.9%) | $330,393 (0.4%) | 0.00 | 169 |
2019-02-01 | $239,450 (-6.0%) | $341,703 (3.0%) | 0.00 | 186 |
2019-03-01 | $261,286 (-3.5%) | $366,936 (9.7%) | 0.00 | 216 |
2019-04-01 | $272,911 (3.3%) | $373,016 (13.5%) | 0.00 | 239 |
2019-05-01 | $271,500 (-4.7%) | $375,032 (11.4%) | 0.00 | 254 |
2019-06-01 | $275,000 (2.2%) | $350,098 (5.7%) | 0.00 | 277 |
2019-07-01 | $274,475 (5.8%) | $348,780 (10.3%) | 0.00 | 265 |
2019-08-01 | $275,182 (9.6%) | $347,562 (12.7%) | 0.00 | 261 |
2019-09-01 | $269,455 (7.8%) | $342,292 (9.2%) | 0.00 | 257 |
2019-10-01 | $262,500 (3.7%) | $334,772 (8.2%) | 0.00 | 248 |
2019-11-01 | $249,250 (-0.7%) | $315,415 (-2.3%) | 0.00 | 221 |
2019-12-01 | $249,900 (4.6%) | $325,364 (-2.2%) | 0.00 | 178 |
2020-01-01 | $249,375 (5.9%) | $329,766 (-0.2%) | 0.00 | 148 |
2020-02-01 | $270,000 (12.8%) | $351,654 (2.9%) | 0.00 | 149 |
2020-03-01 | $276,200 (5.7%) | $354,569 (-3.4%) | 0.00 | 170 |
2020-04-01 | $275,000 (0.8%) | $353,236 (-5.3%) | 0.00 | 160 |
2020-05-01 | $299,000 (10.1%) | $373,749 (-0.3%) | 0.00 | 168 |
2020-06-01 | $293,475 (6.7%) | $355,986 (1.7%) | 0.00 | 175 |
2020-07-01 | $286,200 (4.3%) | $344,784 (-1.2%) | 0.00 | 191 |
2020-08-01 | $282,500 (2.7%) | $343,855 (-1.1%) | 0.00 | 170 |
2020-09-01 | $282,450 (4.8%) | $363,948 (6.3%) | 0.00 | 145 |
2020-10-01 | $285,000 (8.6%) | $367,264 (9.7%) | 0.00 | 131 |
2020-11-01 | $270,450 (8.5%) | $389,566 (23.5%) | 0.00 | 127 |
2020-12-01 | $271,000 (8.4%) | $398,293 (22.4%) | 0.00 | 117 |
2021-01-01 | $297,000 (19.1%) | $452,900 (37.3%) | 0.00 | 90 |
2021-02-01 | $301,500 (11.7%) | $441,716 (25.6%) | 0.00 | 81 |
2021-03-01 | $305,500 (10.6%) | $424,078 (19.6%) | 0.00 | 66 |
2021-04-01 | $299,000 (8.7%) | $421,961 (19.5%) | 0.00 | 66 |
2021-05-01 | $300,000 (0.3%) | $437,055 (16.9%) | 0.00 | 81 |
2021-06-01 | $295,000 (0.5%) | $403,562 (13.4%) | 0.00 | 76 |
2021-07-01 | $262,450 (-8.3%) | $369,222 (7.1%) | 0.00 | 86 |
2021-08-01 | $290,000 (2.7%) | $401,295 (16.7%) | 0.00 | 87 |
2021-09-01 | $274,000 (-3.0%) | $394,802 (8.5%) | 0.00 | 73 |
2021-10-01 | $275,000 (-3.5%) | $384,559 (4.7%) | 0.00 | 57 |
2021-11-01 | $288,000 (6.5%) | $387,499 (-0.5%) | 0.00 | 61 |
2021-12-01 | $291,500 (7.6%) | $383,974 (-3.6%) | 0.00 | 41 |
2022-01-01 | $327,000 (10.1%) | $437,976 (-3.3%) | 0.00 | 37 |
2022-02-01 | $355,000 (17.7%) | $429,471 (-2.8%) | 0.00 | 41 |
2022-03-01 | $394,250 (29.1%) | $477,373 (12.6%) | 0.00 | 58 |
2022-04-01 | $375,000 (25.4%) | $468,457 (11.0%) | 0.00 | 64 |
2022-05-01 | $383,725 (27.9%) | $492,394 (12.7%) | 0.00 | 81 |
2022-06-01 | $352,450 (19.5%) | $472,688 (17.1%) | 0.00 | 91 |
2022-07-01 | $345,000 (31.5%) | $440,729 (19.4%) | 0.00 | 108 |
2022-08-01 | $333,725 (15.1%) | $450,200 (12.2%) | 0.00 | 105 |
2022-09-01 | $319,950 (16.8%) | $439,609 (11.4%) | 0.00 | 106 |
2022-10-01 | $317,450 (15.4%) | $453,546 (17.9%) | 0.00 | 95 |
2022-11-01 | $327,450 (13.7%) | $488,629 (26.1%) | 0.00 | 72 |
2022-12-01 | $325,000 (11.5%) | $492,158 (28.2%) | 0.00 | 67 |
2023-01-01 | $368,750 (12.8%) | $523,850 (19.6%) | 0.00 | 42 |
2023-02-01 | $384,000 (8.2%) | $540,074 (25.8%) | 0.00 | 50 |
2023-03-01 | $396,500 (0.6%) | $550,366 (15.3%) | 0.00 | 60 |
2023-04-01 | $449,000 (19.7%) | $604,560 (29.1%) | 0.00 | 69 |
2023-05-01 | $416,225 (8.5%) | $571,614 (16.1%) | 0.00 | 71 |
2023-06-01 | $421,250 (19.5%) | $553,022 (17.0%) | 0.00 | 72 |
2023-07-01 | $349,900 (1.4%) | $477,372 (8.3%) | 0.00 | 74 |
2023-08-01 | $332,500 (-0.4%) | $459,879 (2.2%) | 0.00 | 85 |
2023-09-01 | $337,500 (5.5%) | $466,053 (6.0%) | 0.00 | 69 |
2023-10-01 | $334,999 (5.5%) | $494,068 (8.9%) | 0.00 | 68 |
2023-11-01 | $360,700 (10.2%) | $506,185 (3.6%) | 0.00 | 67 |
2023-12-01 | $349,000 (7.4%) | $445,168 (-9.6%) | 0.00 | 77 |
2024-01-01 | $345,277 (-6.4%) | $481,381 (-8.1%) | 0.00 | 49 |
2024-02-01 | $380,000 (-1.0%) | $521,391 (-3.5%) | 0.00 | 52 |
2024-03-01 | $385,000 (-2.9%) | $530,094 (-3.7%) | 0.00 | 53 |
2024-04-01 | $392,500 (-12.6%) | $530,299 (-12.3%) | 0.00 | 78 |
2024-05-01 | $461,000 (10.8%) | $579,570 (1.4%) | 0.00 | 97 |
2024-06-01 | $425,000 (0.9%) | $540,083 (-2.3%) | 0.00 | 102 |
2024-07-01 | $429,425 (22.7%) | $535,662 (12.2%) | 0.00 | 110 |
2024-08-01 | $399,000 (20.0%) | $525,273 (14.2%) | 0.00 | 112 |
2024-09-01 | $392,500 (16.3%) | $509,163 (9.3%) | 0.00 | 108 |
2024-10-01 | $393,725 (17.5%) | $507,433 (2.7%) | 0.00 | 109 |
Ithaca's median listing price comes in at 0% of the national average.
Ithaca's average listing price for 2024-10-01 was $507,433, a difference of $13,365 (2.7%) versus the prior year and $-1,730 versus the prior month.
For the 2024-10-01 period, Ithaca had 109 MLS listings, a difference of 1 listings (1%) versus the prior month and 41 listings (60%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Ithaca (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,990 sqft |
2018-02-01 | 0 days | 1,980 sqft |
2018-03-01 | 0 days | 2,056 sqft |
2018-04-01 | 0 days | 2,013 sqft |
2018-05-01 | 0 days | 2,041 sqft |
2018-06-01 | 0 days | 2,027 sqft |
2018-07-01 | 0 days | 1,978 sqft |
2018-08-01 | 0 days | 1,959 sqft |
2018-09-01 | 0 days | 1,968 sqft |
2018-10-01 | 0 days | 1,996 sqft |
2018-11-01 | 0 days | 1,912 sqft |
2018-12-01 | 0 days | 1,828 sqft |
2019-01-01 | 0 days | 1,798 sqft |
2019-02-01 | 0 days | 1,793 sqft |
2019-03-01 | 0 days | 1,957 sqft |
2019-04-01 | 0 days | 2,028 sqft |
2019-05-01 | 0 days | 1,963 sqft |
2019-06-01 | 0 days | 1,940 sqft |
2019-07-01 | 0 days | 2,016 sqft |
2019-08-01 | 0 days | 2,070 sqft |
2019-09-01 | 0 days | 2,103 sqft |
2019-10-01 | 0 days | 2,120 sqft |
2019-11-01 | 0 days | 2,046 sqft |
2019-12-01 | 0 days | 2,005 sqft |
2020-01-01 | 0 days | 2,045 sqft |
2020-02-01 | 0 days | 2,012 sqft |
2020-03-01 | 0 days | 1,927 sqft |
2020-04-01 | 0 days | 1,890 sqft |
2020-05-01 | 0 days | 1,946 sqft |
2020-06-01 | 0 days | 1,977 sqft |
2020-07-01 | 0 days | 1,970 sqft |
2020-08-01 | 0 days | 2,030 sqft |
2020-09-01 | 0 days | 2,040 sqft |
2020-10-01 | 0 days | 2,072 sqft |
2020-11-01 | 0 days | 2,066 sqft |
2020-12-01 | 0 days | 2,084 sqft |
2021-01-01 | 0 days | 2,214 sqft |
2021-02-01 | 0 days | 2,071 sqft |
2021-03-01 | 0 days | 1,954 sqft |
2021-04-01 | 0 days | 1,784 sqft |
2021-05-01 | 0 days | 1,893 sqft |
2021-06-01 | 0 days | 1,848 sqft |
2021-07-01 | 0 days | 1,797 sqft |
2021-08-01 | 0 days | 1,930 sqft |
2021-09-01 | 0 days | 1,832 sqft |
2021-10-01 | 0 days | 1,804 sqft |
2021-11-01 | 0 days | 1,867 sqft |
2021-12-01 | 0 days | 1,922 sqft |
2022-01-01 | 0 days | 2,106 sqft |
2022-02-01 | 0 days | 2,256 sqft |
2022-03-01 | 0 days | 2,084 sqft |
2022-04-01 | 0 days | 2,054 sqft |
2022-05-01 | 0 days | 2,093 sqft |
2022-06-01 | 0 days | 2,070 sqft |
2022-07-01 | 0 days | 2,088 sqft |
2022-08-01 | 0 days | 2,039 sqft |
2022-09-01 | 0 days | 1,940 sqft |
2022-10-01 | 0 days | 1,883 sqft |
2022-11-01 | 0 days | 2,161 sqft |
2022-12-01 | 0 days | 2,129 sqft |
2023-01-01 | 0 days | 2,390 sqft |
2023-02-01 | 0 days | 2,535 sqft |
2023-03-01 | 0 days | 2,493 sqft |
2023-04-01 | 0 days | 2,624 sqft |
2023-05-01 | 0 days | 2,451 sqft |
2023-06-01 | 0 days | 2,468 sqft |
2023-07-01 | 0 days | 2,178 sqft |
2023-08-01 | 0 days | 1,909 sqft |
2023-09-01 | 0 days | 1,854 sqft |
2023-10-01 | 0 days | 2,120 sqft |
2023-11-01 | 0 days | 2,211 sqft |
2023-12-01 | 0 days | 2,018 sqft |
2024-01-01 | 0 days | 2,052 sqft |
2024-02-01 | 0 days | 2,030 sqft |
2024-03-01 | 0 days | 1,992 sqft |
2024-04-01 | 0 days | 2,029 sqft |
2024-05-01 | 0 days | 2,227 sqft |
2024-06-01 | 0 days | 2,175 sqft |
2024-07-01 | 0 days | 2,132 sqft |
2024-08-01 | 0 days | 1,961 sqft |
2024-09-01 | 0 days | 1,897 sqft |
2024-10-01 | 0 days | 1,917 sqft |
Ithaca's median square footage for active listings during the 2024-10-01 period was 1,917 sqft. One year prior, the average listing was 2,120 sqft.