Manchester USDA Loans
MANCHESTER-NASHUA, 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.
Manchester's 11 lenders originated 20 USDA loans during 2021. The total origination value was $5,960,000, with an average USDA loan value of $298,000.
Manchester USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Manchester
averaged
5.08%
for the week of 2022-05-13, compared to the national average (all USDA variants) of
5.294% for the same period.
The average rate for the prior week (2022-05-06) was
5.51% and
one month ago for the week of 2022-04-08, the
average rate was 5.08%.
The average rate one year ago was 3.09%.
For refis of the same type during the week of 2022-05-13, the average rate
was 5%.
Manchester USDA Loan Lenders by Rates & Fees
The below table looks at the average fees and rates for USDA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Manchester level.
| Name | # of Loans | 2021 Avg. 30yFix Rate | 2021 Avg. Total Fees |
|---|---|---|---|
| MOVEMENT MORTGAGE, LLC | 3 | 2.83% | $6,552 |
| NORTHPOINT MORTGAGE, INC. | 2 | 2.69% | $5,993 |
| RESIDENTIAL MORTGAGE SERVICES, INC. | 2 | 2.94% | $6,912 |
| Sierra Pacific Mortgage Company, Inc. | 2 | 2.69% | $8,093 |
| CMG MORTGAGE, INC. | 2 | 2.25% | $6,070 |
| AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | 1 | 2.63% | $6,296 |
| TOTAL MORTGAGE SERVICES, LLC | 1 | 3.25% | $9,626 |
| Evolve Bank & Trust | 1 | 2.50% | $3,672 |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | 1 | 3.38% | $6,205 |
| LEADERONE FINANCIAL CORPORATION | 1 | 2.50% | $6,060 |
| Mortgage Network, Inc. | 1 | 2.88% | $8,217 |
The top Manchester USDA lender as defined by loan originations is MOVEMENT MORTGAGE, LLC, with
3 USDA loans originated. Their average total fees are
$6,552, which is $559
higher than the next largest lender,
NORTHPOINT MORTGAGE, INC..
The lowest fee Manchester USDA lenders (with over 10 loans originated) are
.
The lowest rate Manchester USDA lenders (with over 10 loans originated) are
.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Manchester (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 | $333,900 (1.2%) | $375,109 (-1.8%) | 1.23 | 901 |
| 2018-02-01 | $340,950 (1.3%) | $384,908 (0.3%) | 1.23 | 824 |
| 2018-03-01 | $349,900 (2.6%) | $397,429 (0.6%) | 1.21 | 832 |
| 2018-04-01 | $348,900 (2.7%) | $395,297 (-0.1%) | 1.17 | 916 |
| 2018-05-01 | $349,950 (2.6%) | $404,079 (2.5%) | 1.17 | 1,027 |
| 2018-06-01 | $342,900 (-0.6%) | $400,388 (0.4%) | 1.14 | 1,154 |
| 2018-07-01 | $339,900 (-0.6%) | $400,942 (1.6%) | 1.13 | 1,251 |
| 2018-08-01 | $339,900 (1.5%) | $394,692 (2.8%) | 1.14 | 1,276 |
| 2018-09-01 | $339,900 (1.5%) | $392,321 (-1.0%) | 1.14 | 1,319 |
| 2018-10-01 | $341,950 (3.7%) | $396,635 (2.9%) | 1.14 | 1,278 |
| 2018-11-01 | $341,900 (2.7%) | $395,922 (5.2%) | 1.15 | 1,195 |
| 2018-12-01 | $349,900 (5.1%) | $394,644 (5.1%) | 1.20 | 1,002 |
| 2019-01-01 | $349,900 (4.8%) | $395,623 (5.5%) | 1.21 | 840 |
| 2019-02-01 | $358,900 (5.3%) | $401,993 (4.4%) | 1.20 | 747 |
| 2019-03-01 | $365,043 (4.3%) | $421,662 (6.1%) | 1.19 | 782 |
| 2019-04-01 | $368,900 (5.7%) | $429,811 (8.7%) | 1.16 | 831 |
| 2019-05-01 | $369,900 (5.7%) | $432,031 (6.9%) | 1.14 | 946 |
| 2019-06-01 | $370,900 (8.2%) | $434,956 (8.6%) | 1.14 | 999 |
| 2019-07-01 | $369,550 (8.7%) | $432,509 (7.9%) | 1.15 | 1,087 |
| 2019-08-01 | $366,229 (7.8%) | $428,599 (8.6%) | 1.15 | 1,070 |
| 2019-09-01 | $358,500 (5.5%) | $423,719 (8.0%) | 1.14 | 1,040 |
| 2019-10-01 | $354,900 (3.8%) | $415,628 (4.8%) | 1.13 | 1,057 |
| 2019-11-01 | $358,000 (4.7%) | $421,017 (6.3%) | 1.16 | 960 |
| 2019-12-01 | $364,500 (4.2%) | $429,912 (8.9%) | 1.22 | 763 |
| 2020-01-01 | $372,400 (6.4%) | $428,477 (8.3%) | 1.24 | 640 |
| 2020-02-01 | $384,900 (7.2%) | $444,191 (10.5%) | 1.24 | 568 |
| 2020-03-01 | $387,450 (6.1%) | $446,253 (5.8%) | 1.21 | 613 |
| 2020-04-01 | $390,900 (6.0%) | $446,771 (4.0%) | 1.22 | 631 |
| 2020-05-01 | $399,900 (8.1%) | $454,849 (5.3%) | 1.21 | 629 |
| 2020-06-01 | $404,900 (9.2%) | $469,722 (8.0%) | 1.18 | 636 |
| 2020-07-01 | $419,000 (13.4%) | $491,734 (13.7%) | 1.20 | 539 |
| 2020-08-01 | $401,150 (9.5%) | $486,629 (13.5%) | 1.15 | 550 |
| 2020-09-01 | $381,900 (6.5%) | $463,744 (9.5%) | 1.09 | 559 |
| 2020-10-01 | $383,900 (8.2%) | $462,590 (11.3%) | 1.10 | 527 |
| 2020-11-01 | $385,900 (7.8%) | $484,184 (15.0%) | 1.10 | 415 |
| 2020-12-01 | $398,650 (9.4%) | $491,008 (14.2%) | 1.17 | 335 |
| 2021-01-01 | $404,900 (8.7%) | $528,127 (23.3%) | 1.19 | 247 |
| 2021-02-01 | $399,900 (3.9%) | $517,907 (16.6%) | 1.15 | 230 |
| 2021-03-01 | $394,950 (1.9%) | $507,911 (13.8%) | 1.11 | 269 |
| 2021-04-01 | $399,900 (2.3%) | $504,813 (13.0%) | 1.07 | 276 |
| 2021-05-01 | $414,900 (3.8%) | $516,702 (13.6%) | 1.09 | 290 |
| 2021-06-01 | $409,950 (1.3%) | $498,040 (6.0%) | 1.06 | 404 |
| 2021-07-01 | $409,950 (-2.2%) | $475,366 (-3.3%) | 1.06 | 430 |
| 2021-08-01 | $404,950 (1.0%) | $478,060 (-1.8%) | 1.06 | 444 |
| 2021-09-01 | $417,500 (9.3%) | $498,792 (7.6%) | 1.10 | 457 |
| 2021-10-01 | $419,900 (9.4%) | $498,937 (7.9%) | 1.11 | 401 |
| 2021-11-01 | $414,900 (7.5%) | $498,895 (3.0%) | 1.09 | 301 |
| 2021-12-01 | $447,400 (12.2%) | $531,780 (8.3%) | 1.19 | 208 |
| 2022-01-01 | $449,900 (11.1%) | $550,752 (4.3%) | 1.20 | 171 |
| 2022-02-01 | $439,900 (10.0%) | $555,838 (7.3%) | 1.12 | 166 |
| 2022-03-01 | $461,700 (16.9%) | $562,881 (10.8%) | 1.14 | 172 |
| 2022-04-01 | $449,900 (12.5%) | $530,484 (5.1%) | 1.06 | 255 |
Manchester's median listing price comes in at 106% of the national average.
Manchester's average listing price for 2022-04-01 was $530,484, a difference of $25,671 (5.1%) versus the prior year and $-32,397 versus the prior month.
For the 2022-04-01 period, Manchester had 255 MLS listings, a difference of 83 listings (48%) versus the prior month and -21 listings (-8%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Manchester (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 88 days | 1,936 sqft |
| 2018-02-01 | 87 days | 1,974 sqft |
| 2018-03-01 | 56 days | 2,045 sqft |
| 2018-04-01 | 44 days | 2,058 sqft |
| 2018-05-01 | 40 days | 2,104 sqft |
| 2018-06-01 | 43 days | 2,094 sqft |
| 2018-07-01 | 47 days | 2,093 sqft |
| 2018-08-01 | 52 days | 2,070 sqft |
| 2018-09-01 | 54 days | 2,082 sqft |
| 2018-10-01 | 58 days | 2,107 sqft |
| 2018-11-01 | 61 days | 2,096 sqft |
| 2018-12-01 | 78 days | 2,088 sqft |
| 2019-01-01 | 81 days | 2,011 sqft |
| 2019-02-01 | 82 days | 2,036 sqft |
| 2019-03-01 | 56 days | 2,099 sqft |
| 2019-04-01 | 42 days | 2,119 sqft |
| 2019-05-01 | 37 days | 2,146 sqft |
| 2019-06-01 | 37 days | 2,150 sqft |
| 2019-07-01 | 43 days | 2,192 sqft |
| 2019-08-01 | 46 days | 2,178 sqft |
| 2019-09-01 | 51 days | 2,130 sqft |
| 2019-10-01 | 51 days | 2,054 sqft |
| 2019-11-01 | 57 days | 2,016 sqft |
| 2019-12-01 | 68 days | 2,043 sqft |
| 2020-01-01 | 77 days | 2,009 sqft |
| 2020-02-01 | 67 days | 2,016 sqft |
| 2020-03-01 | 38 days | 2,047 sqft |
| 2020-04-01 | 43 days | 2,036 sqft |
| 2020-05-01 | 52 days | 2,059 sqft |
| 2020-06-01 | 38 days | 2,088 sqft |
| 2020-07-01 | 42 days | 2,166 sqft |
| 2020-08-01 | 29 days | 2,106 sqft |
| 2020-09-01 | 27 days | 1,954 sqft |
| 2020-10-01 | 30 days | 1,975 sqft |
| 2020-11-01 | 38 days | 1,954 sqft |
| 2020-12-01 | 49 days | 1,927 sqft |
| 2021-01-01 | 53 days | 1,932 sqft |
| 2021-02-01 | 35 days | 1,894 sqft |
| 2021-03-01 | 12 days | 1,917 sqft |
| 2021-04-01 | 9 days | 1,975 sqft |
| 2021-05-01 | 8 days | 2,016 sqft |
| 2021-06-01 | 11 days | 1,956 sqft |
| 2021-07-01 | 16 days | 1,996 sqft |
| 2021-08-01 | 21 days | 1,918 sqft |
| 2021-09-01 | 21 days | 1,939 sqft |
| 2021-10-01 | 24 days | 1,930 sqft |
| 2021-11-01 | 32 days | 1,853 sqft |
| 2021-12-01 | 38 days | 1,939 sqft |
| 2022-01-01 | 33 days | 1,836 sqft |
| 2022-02-01 | 12 days | 1,892 sqft |
| 2022-03-01 | 8 days | 1,965 sqft |
| 2022-04-01 | 8 days | 1,966 sqft |
Manchester's median square footage for active listings during the 2022-04-01 period was 1,966 sqft. One year prior, the average listing was 1,975 sqft.
