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%.

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

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. Louis
Date 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 for 2023-10-01 was $585,950, a difference of $56,000 (10.6%) versus the prior year and $-43,950 versus the prior month.

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. Louis
Date 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 listing age (time on market) for 2023-10-01 was 0 days.

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.