Laconia USDA Loan Rates, Closing Costs & Stats
Laconia, NH
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.
Laconia's 3 lenders originated 5 USDA loans during 2022. The total origination value was $1,095,000, with an average USDA loan value of $219,000.
Laconia USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Laconia
averaged
-0.4%
for the week of 2023-11-24, compared to the national average (all USDA variants) of
0% for the same period.
Laconia's average USDA mortgage closing costs are $5,138.
The average rate for the prior week (2023-11-17) was
6.69% and
one month ago for the week of 2023-10-20, the
average rate was 7.11%.
The average rate one year ago was 6.35%.
For refis of the same type during the week of 2023-11-24, the average rate
was -1.55%.
Laconia 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 Laconia level.
Name | # of Loans | 2022 Avg. 30yFix Rate | 2022 Avg. Closing Costs |
---|---|---|---|
CMG MORTGAGE, INC. | 2 | 4.25% | $5,961 |
FAIRWAY INDEPENDENT MORTGAGE CORPORATION | 1 | 6.50% | $6,270 |
PENNYMAC LOAN SERVICES, LLC | 1 | 3.25% | $3,735 |
The top Laconia USDA lender as defined by loan originations is CMG MORTGAGE, INC., with
2 USDA loans originated. Their average total fees are
$5,961, which is $310
lower than the next largest lender,
FAIRWAY INDEPENDENT MORTGAGE CORPORATION.
The lowest fee Laconia USDA lenders (with over 10 loans originated) are
.
The lowest rate Laconia USDA lenders (with over 10 loans originated) are
.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Laconia (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 | $284,450 (5.4%) | $542,023 (-15.8%) | 0.00 | 329 |
2018-02-01 | $299,900 (11.1%) | $558,764 (-12.2%) | 0.00 | 319 |
2018-03-01 | $302,400 (12.0%) | $561,448 (-12.6%) | 0.00 | 334 |
2018-04-01 | $309,450 (14.6%) | $572,743 (-8.8%) | 0.00 | 382 |
2018-05-01 | $317,950 (15.8%) | $657,523 (7.3%) | 0.00 | 465 |
2018-06-01 | $329,900 (14.9%) | $646,106 (5.2%) | 0.00 | 523 |
2018-07-01 | $333,725 (13.6%) | $614,175 (1.7%) | 0.00 | 558 |
2018-08-01 | $329,900 (10.3%) | $618,211 (4.0%) | 0.00 | 545 |
2018-09-01 | $319,450 (6.5%) | $589,377 (4.2%) | 0.00 | 564 |
2018-10-01 | $313,925 (4.7%) | $582,567 (-0.4%) | 0.00 | 549 |
2018-11-01 | $304,900 (1.7%) | $580,662 (-4.5%) | 0.00 | 491 |
2018-12-01 | $299,000 (-0.2%) | $593,492 (-2.2%) | 0.00 | 419 |
2019-01-01 | $299,900 (5.4%) | $609,097 (12.4%) | 0.00 | 365 |
2019-02-01 | $299,900 (0.0%) | $557,802 (-0.2%) | 0.00 | 336 |
2019-03-01 | $302,064 (-0.1%) | $564,757 (0.6%) | 0.00 | 343 |
2019-04-01 | $311,975 (0.8%) | $590,978 (3.2%) | 0.00 | 361 |
2019-05-01 | $337,950 (6.3%) | $626,508 (-4.7%) | 0.00 | 408 |
2019-06-01 | $334,500 (1.4%) | $574,861 (-11.0%) | 0.00 | 457 |
2019-07-01 | $325,000 (-2.6%) | $548,052 (-10.8%) | 0.00 | 514 |
2019-08-01 | $325,000 (-1.5%) | $551,634 (-10.8%) | 0.00 | 508 |
2019-09-01 | $325,000 (1.7%) | $554,971 (-5.8%) | 0.00 | 486 |
2019-10-01 | $327,000 (4.2%) | $557,196 (-4.4%) | 0.00 | 462 |
2019-11-01 | $324,900 (6.6%) | $522,506 (-10.0%) | 0.00 | 384 |
2019-12-01 | $317,400 (6.2%) | $518,350 (-12.7%) | 0.00 | 288 |
2020-01-01 | $307,400 (2.5%) | $560,413 (-8.0%) | 0.00 | 240 |
2020-02-01 | $314,450 (4.9%) | $573,569 (2.8%) | 0.00 | 213 |
2020-03-01 | $295,750 (-2.1%) | $534,751 (-5.3%) | 0.00 | 236 |
2020-04-01 | $299,974 (-3.9%) | $528,327 (-10.6%) | 0.00 | 280 |
2020-05-01 | $322,500 (-4.6%) | $592,913 (-5.4%) | 0.00 | 261 |
2020-06-01 | $359,450 (7.5%) | $643,573 (12.0%) | 0.00 | 231 |
2020-07-01 | $377,000 (16.0%) | $774,214 (41.3%) | 0.00 | 196 |
2020-08-01 | $375,000 (15.4%) | $753,098 (36.5%) | 0.00 | 193 |
2020-09-01 | $365,250 (12.4%) | $638,756 (15.1%) | 0.00 | 193 |
2020-10-01 | $364,500 (11.5%) | $620,655 (11.4%) | 0.00 | 191 |
2020-11-01 | $344,500 (6.0%) | $579,888 (11.0%) | 0.00 | 172 |
2020-12-01 | $339,000 (6.8%) | $568,656 (9.7%) | 0.00 | 129 |
2021-01-01 | $332,000 (8.0%) | $479,605 (-14.4%) | 0.00 | 92 |
2021-02-01 | $342,450 (8.9%) | $520,744 (-9.2%) | 0.00 | 77 |
2021-03-01 | $397,175 (34.3%) | $655,693 (22.6%) | 0.00 | 90 |
2021-04-01 | $399,900 (33.3%) | $665,481 (26.0%) | 0.00 | 109 |
2021-05-01 | $425,000 (31.8%) | $683,918 (15.4%) | 0.00 | 127 |
2021-06-01 | $446,175 (24.1%) | $696,642 (8.3%) | 0.00 | 144 |
2021-07-01 | $449,900 (19.3%) | $689,140 (-11.0%) | 0.00 | 167 |
2021-08-01 | $442,413 (18.0%) | $707,959 (-6.0%) | 0.00 | 182 |
2021-09-01 | $444,675 (21.8%) | $726,822 (13.8%) | 0.00 | 167 |
2021-10-01 | $429,950 (18.0%) | $722,510 (16.4%) | 0.00 | 157 |
2021-11-01 | $429,450 (24.7%) | $735,103 (26.8%) | 0.00 | 138 |
2021-12-01 | $432,225 (27.5%) | $840,959 (47.9%) | 0.00 | 100 |
2022-01-01 | $431,450 (30.0%) | $873,190 (82.1%) | 0.00 | 76 |
2022-02-01 | $469,950 (37.2%) | $946,247 (81.7%) | 0.00 | 68 |
2022-03-01 | $480,000 (20.9%) | $937,536 (43.0%) | 0.00 | 64 |
2022-04-01 | $505,000 (26.3%) | $892,425 (34.1%) | 0.00 | 90 |
2022-05-01 | $536,200 (26.2%) | $810,001 (18.4%) | 0.00 | 131 |
2022-06-01 | $592,450 (32.8%) | $829,647 (19.1%) | 0.00 | 172 |
2022-07-01 | $550,000 (22.3%) | $986,809 (43.2%) | 0.00 | 215 |
2022-08-01 | $563,675 (27.4%) | $978,897 (38.3%) | 0.00 | 209 |
2022-09-01 | $562,000 (26.4%) | $1,034,757 (42.4%) | 0.00 | 199 |
2022-10-01 | $529,950 (23.3%) | $1,010,160 (39.8%) | 0.00 | 209 |
2022-11-01 | $527,500 (22.8%) | $997,324 (35.7%) | 0.00 | 200 |
2022-12-01 | $524,950 (21.5%) | $1,062,579 (26.4%) | 0.00 | 151 |
2023-01-01 | $591,725 (37.2%) | $1,256,400 (43.9%) | 0.00 | 110 |
2023-02-01 | $599,450 (27.6%) | $1,350,117 (42.7%) | 0.00 | 112 |
2023-03-01 | $609,900 (27.1%) | $1,298,291 (38.5%) | 0.00 | 109 |
2023-04-01 | $609,000 (20.6%) | $1,176,281 (31.8%) | 0.00 | 111 |
2023-05-01 | $654,900 (22.1%) | $1,184,164 (46.2%) | 0.00 | 141 |
2023-06-01 | $612,450 (3.4%) | $1,088,917 (31.3%) | 0.00 | 149 |
2023-07-01 | $649,000 (18.0%) | $1,039,646 (5.4%) | 0.00 | 159 |
2023-08-01 | $596,200 (5.8%) | $1,003,609 (2.5%) | 0.00 | 181 |
2023-09-01 | $629,900 (12.1%) | $1,037,642 (0.3%) | 0.00 | 201 |
2023-10-01 | $585,950 (10.6%) | $1,039,741 (2.9%) | 0.00 | 211 |
Laconia's median listing price comes in at 0% of the national average.
Laconia's average listing price for 2023-10-01 was $1,039,741, a difference of $29,581 (2.9%) versus the prior year and $2,099 versus the prior month.
For the 2023-10-01 period, Laconia had 211 MLS listings, a difference of 10 listings (5%) versus the prior month and 2 listings (1%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Laconia (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,903 sqft |
2018-02-01 | 0 days | 1,913 sqft |
2018-03-01 | 0 days | 1,851 sqft |
2018-04-01 | 0 days | 1,833 sqft |
2018-05-01 | 0 days | 1,850 sqft |
2018-06-01 | 0 days | 1,920 sqft |
2018-07-01 | 0 days | 1,933 sqft |
2018-08-01 | 0 days | 1,934 sqft |
2018-09-01 | 0 days | 1,906 sqft |
2018-10-01 | 0 days | 1,861 sqft |
2018-11-01 | 0 days | 1,842 sqft |
2018-12-01 | 0 days | 1,849 sqft |
2019-01-01 | 0 days | 1,801 sqft |
2019-02-01 | 0 days | 1,830 sqft |
2019-03-01 | 0 days | 1,800 sqft |
2019-04-01 | 0 days | 1,801 sqft |
2019-05-01 | 0 days | 1,919 sqft |
2019-06-01 | 0 days | 1,920 sqft |
2019-07-01 | 0 days | 1,853 sqft |
2019-08-01 | 0 days | 1,897 sqft |
2019-09-01 | 0 days | 1,915 sqft |
2019-10-01 | 0 days | 1,926 sqft |
2019-11-01 | 0 days | 1,872 sqft |
2019-12-01 | 0 days | 1,862 sqft |
2020-01-01 | 0 days | 1,824 sqft |
2020-02-01 | 0 days | 1,807 sqft |
2020-03-01 | 0 days | 1,780 sqft |
2020-04-01 | 0 days | 1,789 sqft |
2020-05-01 | 0 days | 1,784 sqft |
2020-06-01 | 0 days | 1,854 sqft |
2020-07-01 | 0 days | 1,993 sqft |
2020-08-01 | 0 days | 1,912 sqft |
2020-09-01 | 0 days | 1,853 sqft |
2020-10-01 | 0 days | 1,863 sqft |
2020-11-01 | 0 days | 1,800 sqft |
2020-12-01 | 0 days | 1,660 sqft |
2021-01-01 | 0 days | 1,534 sqft |
2021-02-01 | 0 days | 1,633 sqft |
2021-03-01 | 0 days | 1,860 sqft |
2021-04-01 | 0 days | 1,879 sqft |
2021-05-01 | 0 days | 1,814 sqft |
2021-06-01 | 0 days | 1,868 sqft |
2021-07-01 | 0 days | 1,952 sqft |
2021-08-01 | 0 days | 1,958 sqft |
2021-09-01 | 0 days | 1,845 sqft |
2021-10-01 | 0 days | 1,836 sqft |
2021-11-01 | 0 days | 1,784 sqft |
2021-12-01 | 0 days | 1,840 sqft |
2022-01-01 | 0 days | 1,800 sqft |
2022-02-01 | 0 days | 1,919 sqft |
2022-03-01 | 0 days | 1,905 sqft |
2022-04-01 | 0 days | 1,873 sqft |
2022-05-01 | 0 days | 1,772 sqft |
2022-06-01 | 0 days | 1,877 sqft |
2022-07-01 | 0 days | 1,825 sqft |
2022-08-01 | 0 days | 1,855 sqft |
2022-09-01 | 0 days | 1,846 sqft |
2022-10-01 | 0 days | 1,920 sqft |
2022-11-01 | 0 days | 1,910 sqft |
2022-12-01 | 0 days | 1,860 sqft |
2023-01-01 | 0 days | 1,990 sqft |
2023-02-01 | 0 days | 1,959 sqft |
2023-03-01 | 0 days | 2,010 sqft |
2023-04-01 | 0 days | 1,977 sqft |
2023-05-01 | 0 days | 1,921 sqft |
2023-06-01 | 0 days | 1,902 sqft |
2023-07-01 | 0 days | 1,902 sqft |
2023-08-01 | 0 days | 1,818 sqft |
2023-09-01 | 0 days | 2,000 sqft |
2023-10-01 | 0 days | 1,981 sqft |
Laconia's median square footage for active listings during the 2023-10-01 period was 1,981 sqft. One year prior, the average listing was 1,920 sqft.