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%.

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
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 for 2024-10-01 was $393,725, a difference of $58,726 (17.5%) versus the prior year and $1,225 versus the prior month.

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. 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
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 listing age (time on market) for 2024-10-01 was 0 days.

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.