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 11 lenders originated 14 USDA loans during 2022. The total origination value was $3,910,000, with an average USDA loan value of $279,286.
Manchester USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Manchester
averaged
6.57%
for the week of 2023-05-26, compared to the national average (all USDA variants) of
6.63% for the same period.
Manchester's average USDA mortgage closing costs are $5,601.
The average rate for the prior week (2023-05-19) was
6.11% and
one month ago for the week of 2023-04-21, the
average rate was 6.02%.
The average rate one year ago was 5.04%.
For refis of the same type during the week of 2023-05-26, the average rate
was 5%.
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 | 2022 Avg. 30yFix Rate | 2022 Avg. Closing Costs |
|---|---|---|---|
| GUILD MORTGAGE COMPANY | 2 | 4.75% | $9,442 |
| CMG MORTGAGE, INC. | 2 | 5.38% | $6,070 |
| HARBORONE MORTGAGE, LLC | 1 | 3.63% | $7,567 |
| HOME POINT FINANCIAL CORPORATION | 1 | 3.25% | $4,696 |
| MORTGAGE EQUITY PARTNERS LLC | 1 | 6.75% | $8,161 |
| OCEANSIDE MORTGAGE COMPANY | 1 | 3.88% | $1,927 |
| PENNYMAC LOAN SERVICES, LLC | 1 | 3.00% | $5,159 |
| Service Federal Credit Union | 1 | 4.50% | $4,523 |
| Sierra Pacific Mortgage Company, Inc. | 1 | 5.13% | $8,723 |
| UNITED WHOLESALE MORTGAGE, LLC | 1 | 5.96% | $5,842 |
| CROSSCOUNTRY MORTGAGE, LLC | 1 | 5.50% | $7,393 |
The top Manchester USDA lender as defined by loan originations is GUILD MORTGAGE COMPANY, with
2 USDA loans originated. Their average total fees are
$9,442, which is $3,371
higher than the next largest lender,
CMG 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 | $329,475 (-0.1%) | $373,011 (-1.6%) | 1.22 | 816 |
| 2018-02-01 | $339,884 (2.2%) | $384,378 (0.9%) | 1.24 | 751 |
| 2018-03-01 | $349,900 (3.1%) | $396,644 (0.9%) | 1.23 | 757 |
| 2018-04-01 | $349,450 (3.9%) | $396,393 (0.7%) | 1.18 | 834 |
| 2018-05-01 | $349,450 (2.8%) | $402,869 (2.7%) | 1.17 | 940 |
| 2018-06-01 | $339,900 (-0.4%) | $400,232 (1.3%) | 1.13 | 1,060 |
| 2018-07-01 | $339,418 (-0.1%) | $398,231 (1.5%) | 1.13 | 1,143 |
| 2018-08-01 | $334,913 (1.5%) | $392,808 (3.4%) | 1.12 | 1,162 |
| 2018-09-01 | $338,900 (2.7%) | $391,182 (-0.5%) | 1.14 | 1,207 |
| 2018-10-01 | $337,450 (2.4%) | $394,024 (2.7%) | 1.14 | 1,181 |
| 2018-11-01 | $334,900 (2.0%) | $391,246 (4.7%) | 1.14 | 1,102 |
| 2018-12-01 | $347,000 (6.8%) | $393,217 (5.3%) | 1.20 | 932 |
| 2019-01-01 | $349,450 (6.1%) | $396,223 (6.2%) | 1.21 | 775 |
| 2019-02-01 | $358,588 (5.5%) | $403,041 (4.9%) | 1.21 | 690 |
| 2019-03-01 | $359,900 (2.9%) | $420,796 (6.1%) | 1.20 | 718 |
| 2019-04-01 | $365,200 (4.5%) | $428,875 (8.2%) | 1.16 | 763 |
| 2019-05-01 | $365,225 (4.5%) | $429,983 (6.7%) | 1.14 | 867 |
| 2019-06-01 | $362,900 (6.8%) | $429,854 (7.4%) | 1.13 | 921 |
| 2019-07-01 | $364,950 (7.5%) | $429,049 (7.7%) | 1.14 | 1,002 |
| 2019-08-01 | $374,900 (11.9%) | $440,365 (12.1%) | 1.18 | 985 |
| 2019-09-01 | $375,900 (10.9%) | $441,589 (12.9%) | 1.19 | 875 |
| 2019-10-01 | $348,425 (3.3%) | $407,723 (3.5%) | 1.12 | 978 |
| 2019-11-01 | $354,900 (6.0%) | $418,485 (7.0%) | 1.16 | 889 |
| 2019-12-01 | $360,575 (3.9%) | $427,109 (8.6%) | 1.20 | 708 |
| 2020-01-01 | $367,450 (5.2%) | $429,513 (8.4%) | 1.23 | 599 |
| 2020-02-01 | $378,400 (5.5%) | $442,929 (9.9%) | 1.24 | 533 |
| 2020-03-01 | $382,450 (6.3%) | $444,803 (5.7%) | 1.20 | 581 |
| 2020-04-01 | $386,400 (5.8%) | $444,723 (3.7%) | 1.21 | 602 |
| 2020-05-01 | $397,575 (8.9%) | $455,212 (5.9%) | 1.21 | 600 |
| 2020-06-01 | $394,900 (8.8%) | $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 (6.7%) | $479,443 (8.9%) | 1.15 | 512 |
| 2020-09-01 | $374,950 (-0.3%) | $459,523 (4.1%) | 1.07 | 538 |
| 2020-10-01 | $375,000 (7.6%) | $459,144 (12.6%) | 1.07 | 496 |
| 2020-11-01 | $382,400 (7.8%) | $479,054 (14.5%) | 1.12 | 395 |
| 2020-12-01 | $398,675 (10.6%) | $490,261 (14.8%) | 1.19 | 303 |
| 2021-01-01 | $399,900 (8.8%) | $521,652 (21.5%) | 1.19 | 232 |
| 2021-02-01 | $399,900 (5.7%) | $513,704 (16.0%) | 1.16 | 217 |
| 2021-03-01 | $394,950 (3.3%) | $507,609 (14.1%) | 1.12 | 257 |
| 2021-04-01 | $399,900 (3.5%) | $504,434 (13.4%) | 1.08 | 268 |
| 2021-05-01 | $409,900 (3.1%) | $513,562 (12.8%) | 1.09 | 285 |
| 2021-06-01 | $407,450 (3.2%) | $493,617 (5.3%) | 1.07 | 383 |
| 2021-07-01 | $409,000 (0.3%) | $469,670 (-3.8%) | 1.08 | 427 |
| 2021-08-01 | $402,250 (0.6%) | $479,480 (0.0%) | 1.07 | 431 |
| 2021-09-01 | $417,625 (11.4%) | $497,100 (8.2%) | 1.11 | 438 |
| 2021-10-01 | $419,900 (12.0%) | $497,195 (8.3%) | 1.12 | 394 |
| 2021-11-01 | $414,950 (8.5%) | $488,845 (2.0%) | 1.11 | 295 |
| 2021-12-01 | $441,975 (10.9%) | $523,511 (6.8%) | 1.20 | 193 |
| 2022-01-01 | $449,950 (12.5%) | $552,742 (6.0%) | 1.22 | 172 |
| 2022-02-01 | $445,000 (11.3%) | $565,309 (10.1%) | 1.16 | 161 |
| 2022-03-01 | $459,250 (16.3%) | $569,134 (12.1%) | 1.15 | 166 |
| 2022-04-01 | $447,450 (11.9%) | $538,412 (6.7%) | 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%) | 1.13 | 413 |
| 2022-08-01 | $486,600 (21.0%) | $593,163 (23.7%) | 1.12 | 416 |
| 2022-09-01 | $492,225 (17.9%) | $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 | $541,950 (20.5%) | $637,312 (15.3%) | 1.34 | 254 |
| 2023-02-01 | $562,200 (26.3%) | $657,536 (16.3%) | 1.36 | 226 |
| 2023-03-01 | $549,900 (19.7%) | $648,732 (14.0%) | 1.30 | 234 |
| 2023-04-01 | $532,500 (19.0%) | $645,466 (19.9%) | 1.24 | 248 |
Manchester's median listing price comes in at 124% of the national average.
Manchester's average listing price for 2023-04-01 was $645,466, a difference of $107,054 (19.9%) versus the prior year and $-3,266 versus the prior month.
For the 2023-04-01 period, Manchester had 248 MLS listings, a difference of 14 listings (6%) versus the prior month and 8 listings (3%) 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 | 90 days | 1,925 sqft |
| 2018-02-01 | 86 days | 1,972 sqft |
| 2018-03-01 | 56 days | 2,050 sqft |
| 2018-04-01 | 44 days | 2,073 sqft |
| 2018-05-01 | 40 days | 2,109 sqft |
| 2018-06-01 | 42 days | 2,099 sqft |
| 2018-07-01 | 46 days | 2,094 sqft |
| 2018-08-01 | 52 days | 2,066 sqft |
| 2018-09-01 | 55 days | 2,070 sqft |
| 2018-10-01 | 57 days | 2,107 sqft |
| 2018-11-01 | 63 days | 2,080 sqft |
| 2018-12-01 | 79 days | 2,075 sqft |
| 2019-01-01 | 85 days | 2,013 sqft |
| 2019-02-01 | 84 days | 2,045 sqft |
| 2019-03-01 | 54 days | 2,092 sqft |
| 2019-04-01 | 41 days | 2,124 sqft |
| 2019-05-01 | 36 days | 2,137 sqft |
| 2019-06-01 | 37 days | 2,135 sqft |
| 2019-07-01 | 43 days | 2,191 sqft |
| 2019-08-01 | 54 days | 2,237 sqft |
| 2019-09-01 | 67 days | 2,213 sqft |
| 2019-10-01 | 53 days | 2,042 sqft |
| 2019-11-01 | 60 days | 2,016 sqft |
| 2019-12-01 | 72 days | 2,043 sqft |
| 2020-01-01 | 80 days | 2,015 sqft |
| 2020-02-01 | 68 days | 2,016 sqft |
| 2020-03-01 | 38 days | 2,036 sqft |
| 2020-04-01 | 43 days | 2,037 sqft |
| 2020-05-01 | 52 days | 2,063 sqft |
| 2020-06-01 | 38 days | 2,082 sqft |
| 2020-07-01 | 42 days | 2,133 sqft |
| 2020-08-01 | 33 days | 2,079 sqft |
| 2020-09-01 | 27 days | 1,935 sqft |
| 2020-10-01 | 31 days | 1,954 sqft |
| 2020-11-01 | 40 days | 1,931 sqft |
| 2020-12-01 | 51 days | 1,925 sqft |
| 2021-01-01 | 49 days | 1,895 sqft |
| 2021-02-01 | 29 days | 1,866 sqft |
| 2021-03-01 | 10 days | 1,907 sqft |
| 2021-04-01 | 10 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 | 19 days | 1,891 sqft |
| 2021-09-01 | 19 days | 1,937 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 | 32 days | 1,816 sqft |
| 2022-02-01 | 11 days | 1,898 sqft |
| 2022-03-01 | 9 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 | 25 days | 2,043 sqft |
| 2022-09-01 | 30 days | 2,081 sqft |
| 2022-10-01 | 27 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 | 39 days | 2,020 sqft |
| 2023-03-01 | 31 days | 2,023 sqft |
| 2023-04-01 | 18 days | 2,004 sqft |
Manchester's median square footage for active listings during the 2023-04-01 period was 2,004 sqft. One year prior, the average listing was 1,956 sqft.