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%.

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 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 for 2022-04-01 was $449,900, a difference of $50,000 (12.5%) versus the prior year and $-11,800 versus the prior month.

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 listing age (time on market) for 2022-04-01 was 8 days. This is -6% shorter than the same period one year ago.

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.