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 6.69% for the week of 2024-04-12, compared to the national average (all USDA variants) of 6.705% for the same period.

Manchester's average USDA mortgage closing costs are $5,613.

The average rate for the prior week (2024-04-05) was 6.91% and one month ago for the week of 2024-03-08, the average rate was 6.57%.

The average rate one year ago was 6.28%.

For refis of the same type during the week of 2024-04-12, the average rate was 6.95%.

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

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 for 2024-03-01 was $549,900, a difference of $0 (0.0%) versus the prior year and $-22,300 versus the prior month.

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 listing age (time on market) for 2024-03-01 was 19 days. This is -33% shorter than the same period one year ago.

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.