Meadville USDA Loan Rates, Closing Costs & Stats
Meadville, PA
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.
Meadville's 11 lenders originated 19 USDA loans during 2023. The total origination value was $2,425,000, with an average USDA loan value of $127,632.
Meadville USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Meadville
averaged
7.11%
for the week of 2024-04-19, compared to the national average (all USDA variants) of
6.863% for the same period.
Meadville's average USDA mortgage closing costs are $5,331.
The average rate for the prior week (2024-04-12) was
6.86% and
one month ago for the week of 2024-03-15, the
average rate was 6.65%.
The average rate one year ago was 6.59%.
For refis of the same type during the week of 2024-04-19, the average rate
was 6.66%.
Meadville 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 Meadville level.
| Name | # of Loans | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
|---|---|---|---|
| AMERICAN FINANCIAL RESOURCES, INC. | 4 | 6.31% | $7,306 |
| UNION HOME MORTGAGE CORP. | 3 | 6.38% | $8,322 |
| UNITED WHOLESALE MORTGAGE, LLC | 3 | 5.33% | $7,953 |
| Paramount Residential Mortgage Group, Inc. | 2 | 6.31% | $4,491 |
| AFFORDABLE MORTGAGE ADVISORS, LLC. | 1 | 6.75% | $4,418 |
| Flagstar Bank, FSB | 1 | 6.75% | $4,294 |
| SOUTHPOINT FINANCIAL SERVICES, INC. | 1 | 6.38% | $2,725 |
| First National Bank of Pennsylvania | 1 | 6.38% | $5,135 |
| Bank of England | 1 | 6.25% | $6,108 |
| CARDINAL FINANCIAL | 1 | 7.13% | $4,231 |
| Carrington Mortgage Services, LLC | 1 | 6.63% | $10,891 |
The top Meadville USDA lender as defined by loan originations is AMERICAN FINANCIAL RESOURCES, INC., with
4 USDA loans originated. Their average total fees are
$7,306, which is $1,017
lower than the next largest lender,
UNION HOME MORTGAGE CORP..
The lowest fee Meadville USDA lenders (with over 10 loans originated) are
.
The lowest rate Meadville USDA lenders (with over 10 loans originated) are
.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Meadville (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 | $112,450 (-6.6%) | $158,179 (-0.4%) | 0.00 | 330 |
| 2018-02-01 | $107,750 (-10.2%) | $155,248 (-6.7%) | 0.00 | 339 |
| 2018-03-01 | $112,750 (-6.0%) | $159,254 (-4.9%) | 0.00 | 350 |
| 2018-04-01 | $116,250 (-3.9%) | $165,428 (-2.4%) | 0.00 | 347 |
| 2018-05-01 | $116,250 (-8.1%) | $163,935 (-0.6%) | 0.00 | 368 |
| 2018-06-01 | $119,900 (-0.5%) | $165,581 (0.8%) | 0.00 | 379 |
| 2018-07-01 | $124,950 (-1.6%) | $167,905 (-1.6%) | 0.00 | 382 |
| 2018-08-01 | $126,500 (-0.4%) | $167,673 (-0.8%) | 0.00 | 395 |
| 2018-09-01 | $125,000 (2.5%) | $163,301 (-4.8%) | 0.00 | 397 |
| 2018-10-01 | $125,000 (5.3%) | $167,639 (0.0%) | 0.00 | 396 |
| 2018-11-01 | $125,500 (5.5%) | $171,921 (3.1%) | 0.00 | 376 |
| 2018-12-01 | $125,000 (7.3%) | $169,463 (4.1%) | 0.00 | 367 |
| 2019-01-01 | $127,450 (13.3%) | $168,352 (6.4%) | 0.00 | 352 |
| 2019-02-01 | $122,575 (13.8%) | $167,128 (7.7%) | 0.00 | 338 |
| 2019-03-01 | $122,857 (9.0%) | $163,122 (2.4%) | 0.00 | 325 |
| 2019-04-01 | $125,000 (7.5%) | $163,454 (-1.2%) | 0.00 | 316 |
| 2019-05-01 | $128,988 (11.0%) | $169,726 (3.5%) | 0.00 | 326 |
| 2019-06-01 | $129,450 (8.0%) | $172,741 (4.3%) | 0.00 | 320 |
| 2019-07-01 | $138,500 (10.8%) | $175,273 (4.4%) | 0.00 | 334 |
| 2019-08-01 | $136,736 (8.1%) | $171,856 (2.5%) | 0.00 | 335 |
| 2019-09-01 | $132,666 (6.1%) | $167,249 (2.4%) | 0.00 | 330 |
| 2019-10-01 | $129,000 (3.2%) | $163,108 (-2.7%) | 0.00 | 325 |
| 2019-11-01 | $124,900 (-0.5%) | $163,082 (-5.1%) | 0.00 | 312 |
| 2019-12-01 | $126,750 (1.4%) | $163,707 (-3.4%) | 0.00 | 273 |
| 2020-01-01 | $125,800 (-1.3%) | $162,852 (-3.3%) | 0.00 | 258 |
| 2020-02-01 | $127,500 (4.0%) | $161,706 (-3.2%) | 0.00 | 249 |
| 2020-03-01 | $131,000 (6.6%) | $167,172 (2.5%) | 0.00 | 241 |
| 2020-04-01 | $129,750 (3.8%) | $165,768 (1.4%) | 0.00 | 237 |
| 2020-05-01 | $140,000 (8.5%) | $173,916 (2.5%) | 0.00 | 227 |
| 2020-06-01 | $149,450 (15.5%) | $182,254 (5.5%) | 0.00 | 221 |
| 2020-07-01 | $149,450 (7.9%) | $183,444 (4.7%) | 0.00 | 205 |
| 2020-08-01 | $139,000 (1.7%) | $185,030 (7.7%) | 0.00 | 187 |
| 2020-09-01 | $145,000 (9.3%) | $189,406 (13.3%) | 0.00 | 160 |
| 2020-10-01 | $138,250 (7.2%) | $177,106 (8.6%) | 0.00 | 162 |
| 2020-11-01 | $136,875 (9.6%) | $182,759 (12.1%) | 0.00 | 150 |
| 2020-12-01 | $134,975 (6.5%) | $183,456 (12.1%) | 0.00 | 135 |
| 2021-01-01 | $132,350 (5.2%) | $189,065 (16.1%) | 0.00 | 117 |
| 2021-02-01 | $130,300 (2.2%) | $197,770 (22.3%) | 0.00 | 96 |
| 2021-03-01 | $127,400 (-2.8%) | $195,693 (17.1%) | 0.00 | 77 |
| 2021-04-01 | $132,450 (2.1%) | $218,785 (32.0%) | 0.00 | 70 |
| 2021-05-01 | $148,500 (6.1%) | $220,070 (26.5%) | 0.00 | 91 |
| 2021-06-01 | $154,900 (3.7%) | $230,720 (26.6%) | 0.00 | 102 |
| 2021-07-01 | $159,900 (7.0%) | $221,854 (20.9%) | 0.00 | 110 |
| 2021-08-01 | $153,225 (10.2%) | $216,785 (17.2%) | 0.00 | 121 |
| 2021-09-01 | $161,950 (11.7%) | $216,742 (14.4%) | 0.00 | 110 |
| 2021-10-01 | $140,000 (1.3%) | $197,775 (11.7%) | 0.00 | 113 |
| 2021-11-01 | $150,425 (9.9%) | $204,803 (12.1%) | 0.00 | 102 |
| 2021-12-01 | $139,975 (3.7%) | $203,841 (11.1%) | 0.00 | 98 |
| 2022-01-01 | $139,900 (5.7%) | $207,749 (9.9%) | 0.00 | 92 |
| 2022-02-01 | $133,725 (2.6%) | $189,928 (-4.0%) | 0.00 | 83 |
| 2022-03-01 | $130,000 (2.0%) | $193,930 (-0.9%) | 0.00 | 77 |
| 2022-04-01 | $137,450 (3.8%) | $195,439 (-10.7%) | 0.00 | 82 |
| 2022-05-01 | $145,333 (-2.1%) | $210,612 (-4.3%) | 0.00 | 87 |
| 2022-06-01 | $164,400 (6.1%) | $223,961 (-2.9%) | 0.00 | 102 |
| 2022-07-01 | $149,900 (-6.3%) | $226,889 (2.3%) | 0.00 | 119 |
| 2022-08-01 | $154,925 (1.1%) | $223,453 (3.1%) | 0.00 | 124 |
| 2022-09-01 | $182,950 (13.0%) | $231,926 (7.0%) | 0.00 | 119 |
| 2022-10-01 | $180,000 (28.6%) | $262,307 (32.6%) | 0.00 | 122 |
| 2022-11-01 | $188,250 (25.2%) | $274,907 (34.2%) | 0.00 | 109 |
| 2022-12-01 | $180,000 (28.6%) | $270,796 (32.9%) | 0.00 | 103 |
| 2023-01-01 | $165,800 (18.5%) | $267,988 (29.0%) | 0.00 | 92 |
| 2023-02-01 | $158,500 (18.5%) | $265,930 (40.0%) | 0.00 | 81 |
| 2023-03-01 | $172,250 (32.5%) | $308,561 (59.1%) | 0.00 | 73 |
| 2023-04-01 | $225,000 (63.7%) | $370,159 (89.4%) | 0.00 | 68 |
| 2023-05-01 | $211,150 (45.3%) | $358,081 (70.0%) | 0.00 | 75 |
| 2023-06-01 | $229,950 (39.9%) | $351,247 (56.8%) | 0.00 | 84 |
| 2023-07-01 | $204,950 (36.7%) | $332,683 (46.6%) | 0.00 | 88 |
| 2023-08-01 | $186,000 (20.1%) | $289,282 (29.5%) | 0.00 | 108 |
| 2023-09-01 | $172,400 (-5.8%) | $236,178 (1.8%) | 0.00 | 103 |
| 2023-10-01 | $179,000 (-0.6%) | $258,811 (-1.3%) | 0.00 | 105 |
| 2023-11-01 | $171,200 (-9.1%) | $255,914 (-6.9%) | 0.00 | 104 |
| 2023-12-01 | $169,900 (-5.6%) | $232,604 (-14.1%) | 0.00 | 98 |
| 2024-01-01 | $172,500 (4.0%) | $234,711 (-12.4%) | 0.00 | 99 |
| 2024-02-01 | $170,600 (7.6%) | $243,028 (-8.6%) | 0.00 | 97 |
| 2024-03-01 | $190,000 (10.3%) | $262,511 (-14.9%) | 0.00 | 90 |
Meadville's median listing price comes in at 0% of the national average.
Meadville's average listing price for 2024-03-01 was $262,511, a difference of $-46,050 (-14.9%) versus the prior year and $19,483 versus the prior month.
For the 2024-03-01 period, Meadville had 90 MLS listings, a difference of -7 listings (-7%) versus the prior month and 17 listings (23%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Meadville (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 0 days | 1,600 sqft |
| 2018-02-01 | 0 days | 1,586 sqft |
| 2018-03-01 | 0 days | 1,593 sqft |
| 2018-04-01 | 0 days | 1,606 sqft |
| 2018-05-01 | 0 days | 1,619 sqft |
| 2018-06-01 | 0 days | 1,632 sqft |
| 2018-07-01 | 0 days | 1,619 sqft |
| 2018-08-01 | 0 days | 1,628 sqft |
| 2018-09-01 | 0 days | 1,650 sqft |
| 2018-10-01 | 0 days | 1,650 sqft |
| 2018-11-01 | 0 days | 1,670 sqft |
| 2018-12-01 | 0 days | 1,650 sqft |
| 2019-01-01 | 0 days | 1,649 sqft |
| 2019-02-01 | 0 days | 1,632 sqft |
| 2019-03-01 | 0 days | 1,568 sqft |
| 2019-04-01 | 0 days | 1,549 sqft |
| 2019-05-01 | 0 days | 1,596 sqft |
| 2019-06-01 | 0 days | 1,600 sqft |
| 2019-07-01 | 0 days | 1,610 sqft |
| 2019-08-01 | 0 days | 1,607 sqft |
| 2019-09-01 | 0 days | 1,594 sqft |
| 2019-10-01 | 0 days | 1,577 sqft |
| 2019-11-01 | 0 days | 1,535 sqft |
| 2019-12-01 | 0 days | 1,551 sqft |
| 2020-01-01 | 0 days | 1,533 sqft |
| 2020-02-01 | 0 days | 1,514 sqft |
| 2020-03-01 | 0 days | 1,595 sqft |
| 2020-04-01 | 0 days | 1,607 sqft |
| 2020-05-01 | 0 days | 1,626 sqft |
| 2020-06-01 | 0 days | 1,700 sqft |
| 2020-07-01 | 0 days | 1,652 sqft |
| 2020-08-01 | 0 days | 1,679 sqft |
| 2020-09-01 | 0 days | 1,715 sqft |
| 2020-10-01 | 0 days | 1,642 sqft |
| 2020-11-01 | 0 days | 1,647 sqft |
| 2020-12-01 | 0 days | 1,656 sqft |
| 2021-01-01 | 0 days | 1,645 sqft |
| 2021-02-01 | 0 days | 1,636 sqft |
| 2021-03-01 | 0 days | 1,651 sqft |
| 2021-04-01 | 0 days | 1,738 sqft |
| 2021-05-01 | 0 days | 1,700 sqft |
| 2021-06-01 | 0 days | 1,671 sqft |
| 2021-07-01 | 0 days | 1,742 sqft |
| 2021-08-01 | 0 days | 1,706 sqft |
| 2021-09-01 | 0 days | 1,682 sqft |
| 2021-10-01 | 0 days | 1,581 sqft |
| 2021-11-01 | 0 days | 1,685 sqft |
| 2021-12-01 | 0 days | 1,668 sqft |
| 2022-01-01 | 0 days | 1,668 sqft |
| 2022-02-01 | 0 days | 1,576 sqft |
| 2022-03-01 | 0 days | 1,515 sqft |
| 2022-04-01 | 0 days | 1,569 sqft |
| 2022-05-01 | 0 days | 1,573 sqft |
| 2022-06-01 | 0 days | 1,640 sqft |
| 2022-07-01 | 0 days | 1,600 sqft |
| 2022-08-01 | 0 days | 1,669 sqft |
| 2022-09-01 | 0 days | 1,761 sqft |
| 2022-10-01 | 0 days | 1,680 sqft |
| 2022-11-01 | 0 days | 1,713 sqft |
| 2022-12-01 | 0 days | 1,536 sqft |
| 2023-01-01 | 0 days | 1,464 sqft |
| 2023-02-01 | 0 days | 1,464 sqft |
| 2023-03-01 | 0 days | 1,483 sqft |
| 2023-04-01 | 0 days | 1,618 sqft |
| 2023-05-01 | 0 days | 1,568 sqft |
| 2023-06-01 | 0 days | 1,641 sqft |
| 2023-07-01 | 0 days | 1,626 sqft |
| 2023-08-01 | 0 days | 1,564 sqft |
| 2023-09-01 | 0 days | 1,584 sqft |
| 2023-10-01 | 0 days | 1,623 sqft |
| 2023-11-01 | 0 days | 1,647 sqft |
| 2023-12-01 | 0 days | 1,626 sqft |
| 2024-01-01 | 0 days | 1,600 sqft |
| 2024-02-01 | 0 days | 1,533 sqft |
| 2024-03-01 | 0 days | 1,618 sqft |
Meadville's median square footage for active listings during the 2024-03-01 period was 1,618 sqft. One year prior, the average listing was 1,483 sqft.