Ithaca USDA Loan Rates, Closing Costs & Stats

ITHACA, 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.

    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 6.46% for the week of 2024-04-19, compared to the national average (all USDA variants) of 6.863% for the same period.

    Ithaca's average USDA mortgage closing costs are $6,211.

    The average rate for the prior week (2024-04-12) was 6.21% and one month ago for the week of 2024-03-15, the average rate was 6.1%.

    The average rate one year ago was 5.94%.

    For refis of the same type during the week of 2024-04-19, the average rate was 7.06%.

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

    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. Louis
    Date 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
    Ithaca's median listing price for 2024-03-01 was $385,000, a difference of $-11,500 (-2.9%) versus the prior year and $5,000 versus the prior month.

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

    Ithaca's average listing price for 2024-03-01 was $530,094, a difference of $-20,272 (-3.7%) versus the prior year and $8,703 versus the prior month.

    For the 2024-03-01 period, Ithaca had 53 MLS listings, a difference of 1 listings (2%) versus the prior month and -7 listings (-12%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Ithaca (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,990 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
    Ithaca's median listing age (time on market) for 2024-03-01 was 0 days.

    Ithaca's median square footage for active listings during the 2024-03-01 period was 1,992 sqft. One year prior, the average listing was 2,493 sqft.