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 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 -0.01% for the week of 2022-11-25, compared to the national average (all USDA variants) of 0% for the same period.

Manchester's average USDA mortgage closing costs are $5,533.

The average rate for the prior week (2022-11-18) was 6.44% and one month ago for the week of 2022-10-21, the average rate was 6.75%.

The average rate one year ago was 3.09%.

For refis of the same type during the week of 2022-11-25, the average rate was -0.19%.

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 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
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 $329,475 (-0.1%) $373,011 (-1.6%) 1.22 816
2018-02-01 $339,884 (2.2%) $384,375 (0.9%) 1.23 751
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 $363,971 (4.0%) $421,742 (6.3%) 1.19 725
2019-04-01 $365,221 (4.5%) $429,310 (8.3%) 1.16 768
2019-05-01 $365,000 (4.5%) $429,755 (6.7%) 1.14 871
2019-06-01 $362,900 (6.8%) $429,716 (7.4%) 1.13 925
2019-07-01 $364,975 (7.5%) $428,886 (7.7%) 1.14 1,006
2019-08-01 $360,486 (7.6%) $421,797 (7.4%) 1.14 999
2019-09-01 $353,716 (4.4%) $411,482 (5.2%) 1.13 989
2019-10-01 $349,900 (3.7%) $408,781 (3.8%) 1.13 983
2019-11-01 $354,900 (6.0%) $418,342 (6.9%) 1.16 893
2019-12-01 $361,300 (4.1%) $426,907 (8.6%) 1.20 712
2020-01-01 $367,475 (5.2%) $429,243 (8.3%) 1.23 603
2020-02-01 $378,400 (5.5%) $442,533 (9.8%) 1.24 537
2020-03-01 $383,450 (5.4%) $444,442 (5.4%) 1.20 585
2020-04-01 $386,750 (5.9%) $444,361 (3.5%) 1.21 606
2020-05-01 $397,575 (8.9%) $454,781 (5.8%) 1.21 604
2020-06-01 $394,900 (8.8%) $468,118 (8.9%) 1.16 618
2020-07-01 $407,200 (11.6%) $487,438 (13.7%) 1.18 521
2020-08-01 $399,900 (10.9%) $478,852 (13.5%) 1.15 516
2020-09-01 $374,950 (6.0%) $459,052 (11.6%) 1.07 542
2020-10-01 $375,000 (7.2%) $458,687 (12.2%) 1.07 500
2020-11-01 $383,425 (8.0%) $478,311 (14.3%) 1.12 399
2020-12-01 $398,675 (10.3%) $489,229 (14.6%) 1.18 307
2021-01-01 $399,900 (8.8%) $519,989 (21.1%) 1.19 236
2021-02-01 $399,900 (5.7%) $511,882 (15.7%) 1.16 221
2021-03-01 $394,950 (3.0%) $506,117 (13.9%) 1.12 261
2021-04-01 $399,900 (3.4%) $503,159 (13.2%) 1.08 272
2021-05-01 $409,000 (2.9%) $512,179 (12.6%) 1.08 289
2021-06-01 $407,450 (3.2%) $493,123 (5.3%) 1.07 386
2021-07-01 $406,950 (-0.1%) $468,796 (-3.8%) 1.07 430
2021-08-01 $400,000 (0.0%) $478,789 (0.0%) 1.07 435
2021-09-01 $416,225 (11.0%) $496,298 (8.1%) 1.11 442
2021-10-01 $419,000 (11.7%) $496,296 (8.2%) 1.12 398
2021-11-01 $413,650 (7.9%) $487,838 (2.0%) 1.10 299
2021-12-01 $437,450 (9.7%) $521,254 (6.6%) 1.19 197
2022-01-01 $449,900 (12.5%) $549,832 (5.7%) 1.22 176
2022-02-01 $445,000 (11.3%) $562,739 (9.9%) 1.16 166
2022-03-01 $457,450 (15.8%) $566,125 (11.9%) 1.15 170
2022-04-01 $442,500 (10.7%) $536,514 (6.6%) 1.06 244
2022-05-01 $444,500 (8.7%) $531,731 (3.8%) 1.02 316
2022-06-01 $479,725 (17.7%) $559,590 (13.5%) 1.07 393
2022-07-01 $499,000 (22.6%) $590,993 (26.1%) 1.13 417
2022-08-01 $483,750 (20.9%) $591,607 (23.6%) 1.12 420
2022-09-01 $487,400 (17.1%) $607,819 (22.5%) 1.14 405
2022-10-01 $495,000 (18.1%) $615,961 (24.1%) 1.16 407
Manchester's median listing price for 2022-10-01 was $495,000, a difference of $76,000 (18.1%) versus the prior year and $7,600 versus the prior month.

Manchester's median listing price comes in at 116% of the national average.

Manchester's average listing price for 2022-10-01 was $615,961, a difference of $119,665 (24.1%) versus the prior year and $8,142 versus the prior month.

For the 2022-10-01 period, Manchester had 407 MLS listings, a difference of 2 listings (0%) versus the prior month and 9 listings (2%) 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 59 days 2,097 sqft
2019-04-01 41 days 2,124 sqft
2019-05-01 36 days 2,135 sqft
2019-06-01 37 days 2,133 sqft
2019-07-01 43 days 2,186 sqft
2019-08-01 46 days 2,145 sqft
2019-09-01 49 days 2,086 sqft
2019-10-01 52 days 2,039 sqft
2019-11-01 61 days 2,016 sqft
2019-12-01 73 days 2,043 sqft
2020-01-01 80 days 2,015 sqft
2020-02-01 71 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 43 days 2,133 sqft
2020-08-01 33 days 2,079 sqft
2020-09-01 27 days 1,946 sqft
2020-10-01 31 days 1,954 sqft
2020-11-01 41 days 1,937 sqft
2020-12-01 51 days 1,931 sqft
2021-01-01 53 days 1,912 sqft
2021-02-01 30 days 1,869 sqft
2021-03-01 10 days 1,914 sqft
2021-04-01 10 days 1,966 sqft
2021-05-01 9 days 2,007 sqft
2021-06-01 11 days 1,955 sqft
2021-07-01 16 days 1,958 sqft
2021-08-01 19 days 1,893 sqft
2021-09-01 20 days 1,939 sqft
2021-10-01 24 days 1,930 sqft
2021-11-01 29 days 1,856 sqft
2021-12-01 37 days 1,918 sqft
2022-01-01 33 days 1,824 sqft
2022-02-01 13 days 1,902 sqft
2022-03-01 9 days 1,959 sqft
2022-04-01 8 days 1,966 sqft
2022-05-01 10 days 1,978 sqft
2022-06-01 11 days 1,991 sqft
2022-07-01 18 days 2,100 sqft
2022-08-01 25 days 2,043 sqft
2022-09-01 30 days 2,079 sqft
2022-10-01 27 days 2,106 sqft
Manchester's median listing age (time on market) for 2022-10-01 was 27 days. This is 13% longer than the same period one year ago.

Manchester's median square footage for active listings during the 2022-10-01 period was 2,106 sqft. One year prior, the average listing was 1,930 sqft.