Kingston USDA Loan Rates, Closing Costs & Stats
KINGSTON, 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.
Kingston's 3 lenders originated 3 USDA loans during 2022. The total origination value was $565,000, with an average USDA loan value of $188,333.
Kingston USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Kingston
averaged
5.72%
for the week of 2023-05-26, compared to the national average (all USDA variants) of
6.63% for the same period.
Kingston's average USDA mortgage closing costs are $5,740.
The average rate for the prior week (2023-05-19) was
5.96% and
one month ago for the week of 2023-04-21, the
average rate was 5.57%.
The average rate one year ago was 4.49%.
For refis of the same type during the week of 2023-05-26, the average rate
was 5.23%.
Kingston 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 Kingston level.
Name | # of Loans | 2022 Avg. 30yFix Rate | 2022 Avg. Closing Costs |
---|---|---|---|
Bank of England | 1 | 5.50% | $8,191 |
Barrington Bank & Trust Company, N.A. | 1 | 5.75% | $4,859 |
CALIBER HOME LOANS, INC. | 1 | 5.88% | $10,323 |
The top Kingston USDA lender as defined by loan originations is Bank of England, with
1 USDA loans originated. Their average total fees are
$8,191, which is $3,331
higher than the next largest lender,
Barrington Bank & Trust Company, N.A..
The lowest fee Kingston USDA lenders (with over 10 loans originated) are
.
The lowest rate Kingston USDA lenders (with over 10 loans originated) are
.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Kingston (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 | $269,975 (13.0%) | $450,544 (20.2%) | 1.00 | 1,024 |
2018-02-01 | $266,500 (11.1%) | $443,838 (20.0%) | 0.97 | 985 |
2018-03-01 | $274,900 (14.8%) | $464,945 (26.2%) | 0.96 | 962 |
2018-04-01 | $299,000 (20.1%) | $505,368 (33.9%) | 1.01 | 822 |
2018-05-01 | $299,947 (15.4%) | $511,307 (34.2%) | 1.00 | 941 |
2018-06-01 | $304,900 (13.6%) | $496,689 (27.9%) | 1.02 | 1,092 |
2018-07-01 | $299,925 (11.1%) | $479,890 (18.5%) | 1.00 | 1,092 |
2018-08-01 | $304,500 (15.2%) | $472,871 (16.2%) | 1.02 | 1,071 |
2018-09-01 | $299,900 (13.2%) | $460,615 (11.5%) | 1.01 | 1,076 |
2018-10-01 | $299,900 (11.2%) | $477,546 (12.8%) | 1.02 | 1,066 |
2018-11-01 | $299,900 (9.7%) | $487,345 (13.0%) | 1.02 | 1,010 |
2018-12-01 | $299,000 (9.9%) | $473,870 (7.3%) | 1.03 | 938 |
2019-01-01 | $299,000 (10.8%) | $470,729 (4.5%) | 1.03 | 844 |
2019-02-01 | $299,000 (12.2%) | $482,164 (8.6%) | 1.01 | 809 |
2019-03-01 | $279,000 (1.5%) | $432,842 (-0.1%) | 0.93 | 1,043 |
2019-04-01 | $284,900 (-4.7%) | $433,105 (-13.6%) | 0.90 | 1,131 |
2019-05-01 | $286,200 (-4.6%) | $434,288 (-15.1%) | 0.89 | 1,261 |
2019-06-01 | $347,500 (14.0%) | $499,787 (0.6%) | 1.09 | 1,006 |
2019-07-01 | $342,450 (14.2%) | $489,698 (2.0%) | 1.07 | 1,053 |
2019-08-01 | $339,000 (11.3%) | $492,703 (2.3%) | 1.06 | 1,082 |
2019-09-01 | $339,450 (13.2%) | $491,888 (3.0%) | 1.07 | 1,052 |
2019-10-01 | $327,500 (9.2%) | $466,654 (-2.3%) | 1.06 | 1,097 |
2019-11-01 | $319,950 (6.7%) | $466,593 (-4.3%) | 1.05 | 1,053 |
2019-12-01 | $321,050 (7.4%) | $467,330 (-1.4%) | 1.07 | 936 |
2020-01-01 | $327,000 (9.4%) | $459,832 (-2.3%) | 1.09 | 782 |
2020-02-01 | $325,000 (8.7%) | $458,756 (-4.9%) | 1.06 | 735 |
2020-03-01 | $339,675 (21.8%) | $474,108 (2.1%) | 1.06 | 787 |
2020-04-01 | $345,700 (21.3%) | $488,458 (11.9%) | 1.08 | 763 |
2020-05-01 | $349,900 (22.3%) | $499,659 (15.1%) | 1.06 | 702 |
2020-06-01 | $356,950 (2.7%) | $505,525 (1.2%) | 1.05 | 670 |
2020-07-01 | $359,900 (5.1%) | $510,421 (4.2%) | 1.04 | 735 |
2020-08-01 | $374,999 (10.6%) | $537,585 (11.1%) | 1.07 | 760 |
2020-09-01 | $384,683 (13.3%) | $534,944 (12.8%) | 1.10 | 813 |
2020-10-01 | $399,000 (21.8%) | $563,427 (20.7%) | 1.14 | 801 |
2020-11-01 | $400,000 (25.0%) | $590,818 (26.6%) | 1.17 | 702 |
2020-12-01 | $399,975 (24.6%) | $593,123 (26.9%) | 1.19 | 629 |
2021-01-01 | $407,000 (24.5%) | $601,007 (30.7%) | 1.21 | 540 |
2021-02-01 | $408,500 (25.7%) | $609,636 (32.9%) | 1.19 | 455 |
2021-03-01 | $404,974 (19.2%) | $617,301 (30.2%) | 1.15 | 427 |
2021-04-01 | $410,000 (18.6%) | $623,805 (27.7%) | 1.11 | 427 |
2021-05-01 | $399,900 (14.3%) | $606,528 (21.4%) | 1.06 | 468 |
2021-06-01 | $417,238 (16.9%) | $620,041 (22.7%) | 1.10 | 502 |
2021-07-01 | $429,000 (19.2%) | $654,567 (28.2%) | 1.13 | 534 |
2021-08-01 | $436,000 (16.3%) | $658,731 (22.5%) | 1.16 | 578 |
2021-09-01 | $424,500 (10.4%) | $664,272 (24.2%) | 1.13 | 597 |
2021-10-01 | $402,450 (0.9%) | $674,504 (19.7%) | 1.07 | 595 |
2021-11-01 | $412,500 (3.1%) | $669,524 (13.3%) | 1.10 | 544 |
2021-12-01 | $425,000 (6.3%) | $684,945 (15.5%) | 1.15 | 451 |
2022-01-01 | $438,500 (7.7%) | $714,045 (18.8%) | 1.19 | 364 |
2022-02-01 | $456,750 (11.8%) | $763,532 (25.2%) | 1.19 | 288 |
2022-03-01 | $449,700 (11.0%) | $713,810 (15.6%) | 1.13 | 287 |
2022-04-01 | $449,999 (9.8%) | $700,991 (12.4%) | 1.07 | 309 |
2022-05-01 | $457,000 (14.3%) | $686,723 (13.2%) | 1.04 | 376 |
2022-06-01 | $499,000 (19.6%) | $754,850 (21.7%) | 1.11 | 521 |
2022-07-01 | $499,700 (16.5%) | $747,581 (14.2%) | 1.13 | 618 |
2022-08-01 | $499,900 (14.7%) | $757,514 (15.0%) | 1.15 | 636 |
2022-09-01 | $499,000 (17.6%) | $747,164 (12.5%) | 1.17 | 635 |
2022-10-01 | $495,167 (23.0%) | $726,616 (7.7%) | 1.17 | 635 |
2022-11-01 | $499,000 (21.0%) | $729,740 (9.0%) | 1.20 | 609 |
2022-12-01 | $489,900 (15.3%) | $721,884 (5.4%) | 1.21 | 536 |
2023-01-01 | $474,475 (8.2%) | $677,799 (-5.1%) | 1.17 | 455 |
2023-02-01 | $489,000 (7.1%) | $679,979 (-10.9%) | 1.18 | 390 |
2023-03-01 | $479,500 (6.6%) | $671,698 (-5.9%) | 1.13 | 373 |
2023-04-01 | $499,000 (10.9%) | $751,826 (0.0%) | 1.16 | 396 |
Kingston's median listing price comes in at 116% of the national average.
Kingston's average listing price for 2023-04-01 was $751,826, a difference of $50,835 (0.0%) versus the prior year and $80,128 versus the prior month.
For the 2023-04-01 period, Kingston had 396 MLS listings, a difference of 23 listings (6%) versus the prior month and 87 listings (28%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Kingston (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 128 days | 1,918 sqft |
2018-02-01 | 130 days | 1,898 sqft |
2018-03-01 | 126 days | 1,920 sqft |
2018-04-01 | 94 days | 2,024 sqft |
2018-05-01 | 73 days | 2,039 sqft |
2018-06-01 | 62 days | 2,030 sqft |
2018-07-01 | 70 days | 1,985 sqft |
2018-08-01 | 79 days | 1,988 sqft |
2018-09-01 | 91 days | 1,957 sqft |
2018-10-01 | 94 days | 1,954 sqft |
2018-11-01 | 97 days | 2,000 sqft |
2018-12-01 | 107 days | 1,968 sqft |
2019-01-01 | 115 days | 1,980 sqft |
2019-02-01 | 120 days | 1,977 sqft |
2019-03-01 | 108 days | 1,847 sqft |
2019-04-01 | 79 days | 1,849 sqft |
2019-05-01 | 65 days | 1,851 sqft |
2019-06-01 | 63 days | 2,035 sqft |
2019-07-01 | 67 days | 2,009 sqft |
2019-08-01 | 80 days | 2,039 sqft |
2019-09-01 | 89 days | 2,027 sqft |
2019-10-01 | 90 days | 1,949 sqft |
2019-11-01 | 99 days | 1,958 sqft |
2019-12-01 | 107 days | 1,963 sqft |
2020-01-01 | 120 days | 1,983 sqft |
2020-02-01 | 117 days | 2,046 sqft |
2020-03-01 | 112 days | 2,056 sqft |
2020-04-01 | 98 days | 2,051 sqft |
2020-05-01 | 100 days | 2,052 sqft |
2020-06-01 | 79 days | 2,043 sqft |
2020-07-01 | 40 days | 2,016 sqft |
2020-08-01 | 46 days | 2,035 sqft |
2020-09-01 | 49 days | 2,022 sqft |
2020-10-01 | 54 days | 2,026 sqft |
2020-11-01 | 67 days | 2,066 sqft |
2020-12-01 | 88 days | 2,041 sqft |
2021-01-01 | 102 days | 2,057 sqft |
2021-02-01 | 106 days | 2,048 sqft |
2021-03-01 | 92 days | 1,990 sqft |
2021-04-01 | 66 days | 2,028 sqft |
2021-05-01 | 45 days | 1,984 sqft |
2021-06-01 | 45 days | 1,990 sqft |
2021-07-01 | 52 days | 2,038 sqft |
2021-08-01 | 58 days | 2,002 sqft |
2021-09-01 | 60 days | 1,964 sqft |
2021-10-01 | 70 days | 1,840 sqft |
2021-11-01 | 72 days | 1,858 sqft |
2021-12-01 | 81 days | 1,821 sqft |
2022-01-01 | 102 days | 1,844 sqft |
2022-02-01 | 109 days | 2,004 sqft |
2022-03-01 | 79 days | 1,930 sqft |
2022-04-01 | 41 days | 1,912 sqft |
2022-05-01 | 39 days | 1,899 sqft |
2022-06-01 | 37 days | 1,912 sqft |
2022-07-01 | 44 days | 1,993 sqft |
2022-08-01 | 58 days | 2,028 sqft |
2022-09-01 | 68 days | 2,047 sqft |
2022-10-01 | 68 days | 2,016 sqft |
2022-11-01 | 79 days | 2,069 sqft |
2022-12-01 | 89 days | 2,033 sqft |
2023-01-01 | 101 days | 1,992 sqft |
2023-02-01 | 110 days | 2,024 sqft |
2023-03-01 | 113 days | 2,025 sqft |
2023-04-01 | 61 days | 2,027 sqft |
Kingston's median square footage for active listings during the 2023-04-01 period was 2,027 sqft. One year prior, the average listing was 1,912 sqft.