Manchester USDA Loan Rates, Closing Costs & Stats
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 3 lenders originated 4 USDA loans during 2023. The total origination value was $1,230,000, with an average USDA loan value of $307,500.
Manchester USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Manchester
averaged
7.15%
for the week of 2024-04-19, compared to the national average (all USDA variants) of
6.863% for the same period.
Manchester's average USDA mortgage closing costs are $5,613.
The average rate for the prior week (2024-04-12) was
7% and
one month ago for the week of 2024-03-15, the
average rate was 6.58%.
The average rate one year ago was 6.22%.
For refis of the same type during the week of 2024-04-19, the average rate
was 7.01%.
Manchester 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 Manchester level.
| Name | # of Loans | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
|---|---|---|---|
| American Mortgage & Equity Consultants, Inc. | 1 | 6.63% | $6,368 |
| BAY EQUITY LLC | 1 | 7.00% | $6,441 |
| CMG MORTGAGE, INC. | 1 | 6.13% | $6,312 |
The top Manchester USDA lender as defined by loan originations is American Mortgage & Equity Consultants, Inc., with
1 USDA loans originated. Their average total fees are
$6,368, which is $73
lower than the next largest lender,
BAY EQUITY LLC.
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 | $329,450 (-0.1%) | $372,572 (-1.6%) | 1.22 | 816 |
| 2018-02-01 | $339,868 (2.2%) | $383,871 (0.9%) | 1.23 | 751 |
| 2018-03-01 | $349,900 (3.1%) | $396,547 (0.9%) | 1.23 | 756 |
| 2018-04-01 | $349,175 (4.2%) | $396,306 (0.7%) | 1.18 | 833 |
| 2018-05-01 | $349,450 (2.8%) | $402,796 (2.7%) | 1.17 | 939 |
| 2018-06-01 | $339,900 (-0.4%) | $400,171 (1.3%) | 1.13 | 1,059 |
| 2018-07-01 | $339,209 (-0.2%) | $398,167 (1.5%) | 1.13 | 1,142 |
| 2018-08-01 | $334,875 (1.5%) | $392,741 (3.4%) | 1.12 | 1,161 |
| 2018-09-01 | $338,900 (2.7%) | $391,114 (-0.5%) | 1.14 | 1,205 |
| 2018-10-01 | $337,425 (2.3%) | $393,868 (1.7%) | 1.14 | 1,179 |
| 2018-11-01 | $334,900 (2.0%) | $391,075 (4.7%) | 1.14 | 1,100 |
| 2018-12-01 | $345,000 (6.2%) | $392,969 (5.3%) | 1.19 | 930 |
| 2019-01-01 | $349,225 (6.0%) | $395,936 (6.3%) | 1.21 | 773 |
| 2019-02-01 | $358,588 (5.5%) | $403,509 (5.1%) | 1.21 | 689 |
| 2019-03-01 | $363,800 (4.0%) | $422,019 (6.4%) | 1.19 | 723 |
| 2019-04-01 | $365,000 (4.5%) | $429,327 (8.3%) | 1.16 | 765 |
| 2019-05-01 | $365,000 (4.5%) | $429,912 (6.7%) | 1.14 | 866 |
| 2019-06-01 | $362,700 (6.7%) | $429,792 (7.4%) | 1.13 | 920 |
| 2019-07-01 | $364,950 (7.6%) | $429,049 (7.8%) | 1.14 | 1,002 |
| 2019-08-01 | $360,077 (7.5%) | $421,935 (7.4%) | 1.14 | 995 |
| 2019-09-01 | $352,693 (4.1%) | $411,583 (5.2%) | 1.13 | 985 |
| 2019-10-01 | $349,245 (3.5%) | $408,874 (3.8%) | 1.13 | 979 |
| 2019-11-01 | $354,900 (6.0%) | $418,515 (7.0%) | 1.16 | 888 |
| 2019-12-01 | $359,700 (4.3%) | $427,163 (8.7%) | 1.20 | 707 |
| 2020-01-01 | $367,425 (5.2%) | $429,573 (8.5%) | 1.23 | 599 |
| 2020-02-01 | $378,400 (5.5%) | $442,929 (9.8%) | 1.24 | 533 |
| 2020-03-01 | $382,450 (5.1%) | $444,803 (5.4%) | 1.20 | 581 |
| 2020-04-01 | $386,400 (5.9%) | $444,723 (3.6%) | 1.21 | 602 |
| 2020-05-01 | $397,575 (8.9%) | $455,212 (5.9%) | 1.21 | 600 |
| 2020-06-01 | $394,900 (8.9%) | $468,574 (9.0%) | 1.16 | 614 |
| 2020-07-01 | $407,700 (11.7%) | $488,094 (13.8%) | 1.18 | 517 |
| 2020-08-01 | $399,900 (11.1%) | $479,443 (13.6%) | 1.15 | 512 |
| 2020-09-01 | $374,950 (6.3%) | $459,523 (11.7%) | 1.07 | 538 |
| 2020-10-01 | $375,000 (7.4%) | $459,955 (12.5%) | 1.07 | 497 |
| 2020-11-01 | $382,400 (7.8%) | $479,482 (14.6%) | 1.12 | 396 |
| 2020-12-01 | $396,413 (10.2%) | $489,812 (14.7%) | 1.18 | 301 |
| 2021-01-01 | $399,900 (8.8%) | $524,314 (22.1%) | 1.19 | 233 |
| 2021-02-01 | $399,900 (5.7%) | $516,827 (16.7%) | 1.16 | 218 |
| 2021-03-01 | $395,687 (3.5%) | $510,305 (14.7%) | 1.12 | 258 |
| 2021-04-01 | $399,900 (3.5%) | $505,354 (13.6%) | 1.08 | 268 |
| 2021-05-01 | $409,900 (3.1%) | $513,562 (12.8%) | 1.09 | 285 |
| 2021-06-01 | $407,450 (3.2%) | $493,566 (5.3%) | 1.07 | 382 |
| 2021-07-01 | $409,000 (0.3%) | $469,670 (-3.8%) | 1.08 | 427 |
| 2021-08-01 | $400,000 (0.0%) | $479,335 (0.0%) | 1.07 | 432 |
| 2021-09-01 | $416,625 (11.1%) | $496,926 (8.1%) | 1.11 | 439 |
| 2021-10-01 | $419,900 (12.0%) | $497,195 (8.1%) | 1.12 | 394 |
| 2021-11-01 | $414,950 (8.5%) | $488,845 (2.0%) | 1.11 | 295 |
| 2021-12-01 | $441,975 (11.5%) | $523,511 (6.9%) | 1.20 | 193 |
| 2022-01-01 | $449,900 (12.5%) | $552,742 (5.4%) | 1.22 | 172 |
| 2022-02-01 | $449,163 (12.3%) | $565,902 (9.5%) | 1.17 | 162 |
| 2022-03-01 | $459,250 (16.1%) | $569,134 (11.5%) | 1.15 | 166 |
| 2022-04-01 | $447,450 (11.9%) | $538,412 (6.5%) | 1.07 | 240 |
| 2022-05-01 | $444,500 (8.4%) | $533,170 (3.8%) | 1.02 | 312 |
| 2022-06-01 | $479,950 (17.8%) | $561,137 (13.7%) | 1.07 | 389 |
| 2022-07-01 | $499,000 (22.0%) | $592,693 (26.2%) | 1.12 | 413 |
| 2022-08-01 | $486,600 (21.7%) | $593,163 (23.8%) | 1.12 | 416 |
| 2022-09-01 | $492,225 (18.2%) | $609,673 (22.7%) | 1.15 | 402 |
| 2022-10-01 | $499,000 (18.8%) | $617,960 (24.3%) | 1.17 | 404 |
| 2022-11-01 | $492,000 (18.6%) | $611,960 (25.2%) | 1.18 | 398 |
| 2022-12-01 | $499,000 (12.9%) | $621,820 (18.8%) | 1.23 | 304 |
| 2023-01-01 | $541,725 (20.4%) | $637,461 (15.3%) | 1.34 | 253 |
| 2023-02-01 | $562,200 (25.2%) | $657,536 (16.2%) | 1.36 | 226 |
| 2023-03-01 | $549,900 (19.7%) | $648,732 (14.0%) | 1.30 | 234 |
| 2023-04-01 | $532,500 (19.0%) | $645,608 (19.9%) | 1.24 | 248 |
| 2023-05-01 | $522,500 (17.6%) | $621,878 (16.6%) | 1.18 | 290 |
| 2023-06-01 | $534,225 (11.3%) | $623,462 (11.1%) | 1.20 | 316 |
| 2023-07-01 | $539,000 (8.0%) | $647,979 (9.3%) | 1.23 | 340 |
| 2023-08-01 | $557,200 (14.5%) | $670,263 (13.0%) | 1.28 | 319 |
| 2023-09-01 | $535,000 (8.7%) | $642,667 (5.4%) | 1.25 | 361 |
| 2023-10-01 | $523,700 (5.0%) | $651,291 (5.4%) | 1.23 | 374 |
| 2023-11-01 | $520,450 (5.8%) | $663,518 (8.4%) | 1.24 | 358 |
| 2023-12-01 | $549,900 (10.2%) | $683,463 (9.9%) | 1.34 | 274 |
| 2024-01-01 | $565,000 (4.3%) | $656,276 (3.0%) | 1.38 | 224 |
| 2024-02-01 | $572,200 (1.8%) | $721,912 (9.8%) | 1.38 | 222 |
| 2024-03-01 | $549,900 (0.0%) | $726,804 (12.0%) | 1.29 | 209 |
Manchester's median listing price comes in at 129% of the national average.
Manchester's average listing price for 2024-03-01 was $726,804, a difference of $78,072 (12.0%) versus the prior year and $4,892 versus the prior month.
For the 2024-03-01 period, Manchester had 209 MLS listings, a difference of -13 listings (-6%) versus the prior month and -25 listings (-11%) 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 | 81 days | 1,920 sqft |
| 2018-02-01 | 73 days | 1,969 sqft |
| 2018-03-01 | 51 days | 2,050 sqft |
| 2018-04-01 | 38 days | 2,074 sqft |
| 2018-05-01 | 36 days | 2,107 sqft |
| 2018-06-01 | 37 days | 2,098 sqft |
| 2018-07-01 | 42 days | 2,094 sqft |
| 2018-08-01 | 47 days | 2,066 sqft |
| 2018-09-01 | 51 days | 2,071 sqft |
| 2018-10-01 | 51 days | 2,107 sqft |
| 2018-11-01 | 58 days | 2,080 sqft |
| 2018-12-01 | 72 days | 2,075 sqft |
| 2019-01-01 | 76 days | 2,013 sqft |
| 2019-02-01 | 74 days | 2,047 sqft |
| 2019-03-01 | 50 days | 2,098 sqft |
| 2019-04-01 | 36 days | 2,124 sqft |
| 2019-05-01 | 33 days | 2,136 sqft |
| 2019-06-01 | 33 days | 2,133 sqft |
| 2019-07-01 | 39 days | 2,186 sqft |
| 2019-08-01 | 44 days | 2,145 sqft |
| 2019-09-01 | 47 days | 2,086 sqft |
| 2019-10-01 | 49 days | 2,038 sqft |
| 2019-11-01 | 57 days | 2,016 sqft |
| 2019-12-01 | 68 days | 2,043 sqft |
| 2020-01-01 | 76 days | 2,014 sqft |
| 2020-02-01 | 60 days | 2,016 sqft |
| 2020-03-01 | 34 days | 2,036 sqft |
| 2020-04-01 | 42 days | 2,027 sqft |
| 2020-05-01 | 48 days | 2,060 sqft |
| 2020-06-01 | 36 days | 2,081 sqft |
| 2020-07-01 | 39 days | 2,132 sqft |
| 2020-08-01 | 30 days | 2,076 sqft |
| 2020-09-01 | 25 days | 1,930 sqft |
| 2020-10-01 | 30 days | 1,954 sqft |
| 2020-11-01 | 38 days | 1,931 sqft |
| 2020-12-01 | 50 days | 1,921 sqft |
| 2021-01-01 | 46 days | 1,895 sqft |
| 2021-02-01 | 27 days | 1,866 sqft |
| 2021-03-01 | 10 days | 1,907 sqft |
| 2021-04-01 | 9 days | 1,956 sqft |
| 2021-05-01 | 9 days | 1,998 sqft |
| 2021-06-01 | 11 days | 1,947 sqft |
| 2021-07-01 | 16 days | 1,956 sqft |
| 2021-08-01 | 18 days | 1,890 sqft |
| 2021-09-01 | 19 days | 1,935 sqft |
| 2021-10-01 | 24 days | 1,921 sqft |
| 2021-11-01 | 28 days | 1,854 sqft |
| 2021-12-01 | 36 days | 1,908 sqft |
| 2022-01-01 | 28 days | 1,816 sqft |
| 2022-02-01 | 10 days | 1,898 sqft |
| 2022-03-01 | 8 days | 1,955 sqft |
| 2022-04-01 | 8 days | 1,956 sqft |
| 2022-05-01 | 9 days | 1,976 sqft |
| 2022-06-01 | 11 days | 1,988 sqft |
| 2022-07-01 | 18 days | 2,100 sqft |
| 2022-08-01 | 24 days | 2,043 sqft |
| 2022-09-01 | 29 days | 2,081 sqft |
| 2022-10-01 | 26 days | 2,106 sqft |
| 2022-11-01 | 33 days | 2,075 sqft |
| 2022-12-01 | 43 days | 2,044 sqft |
| 2023-01-01 | 45 days | 2,088 sqft |
| 2023-02-01 | 38 days | 2,020 sqft |
| 2023-03-01 | 28 days | 2,023 sqft |
| 2023-04-01 | 17 days | 2,013 sqft |
| 2023-05-01 | 11 days | 2,008 sqft |
| 2023-06-01 | 17 days | 1,991 sqft |
| 2023-07-01 | 22 days | 2,082 sqft |
| 2023-08-01 | 26 days | 2,053 sqft |
| 2023-09-01 | 24 days | 2,055 sqft |
| 2023-10-01 | 24 days | 2,025 sqft |
| 2023-11-01 | 31 days | 2,050 sqft |
| 2023-12-01 | 43 days | 2,100 sqft |
| 2024-01-01 | 44 days | 2,096 sqft |
| 2024-02-01 | 23 days | 1,962 sqft |
| 2024-03-01 | 19 days | 1,968 sqft |
Manchester's median square footage for active listings during the 2024-03-01 period was 1,968 sqft. One year prior, the average listing was 2,023 sqft.