Nassau County USDA Loan Rates, Closing Costs & Stats

NASSAU COUNTY-SUFFOLK COUNTY, NY

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.

Nassau County USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Nassau County averaged 0% for the week of 2024-01-26, compared to the national average (all USDA variants) of 6.535% for the same period.

Nassau County's average USDA mortgage closing costs are $0.

The average rate for the prior week (2024-01-19) was 0% and one month ago for the week of 2023-12-22, the average rate was 0%.

The average rate one year ago was 0%.

For refis of the same type during the week of 2024-01-26, the average rate was 0%.

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

Nassau County 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 Nassau County level.

Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs

The lowest fee Nassau County USDA lenders (with over 10 loans originated) are .

The lowest rate Nassau County USDA lenders (with over 10 loans originated) are .


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Nassau County (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 $504,500 (12.2%) $1,202,009 (11.3%) 1.87 47,158
2018-02-01 $525,000 (13.2%) $1,203,943 (6.8%) 1.91 49,638
2018-03-01 $539,900 (11.9%) $1,180,932 (3.9%) 1.89 53,177
2018-04-01 $551,900 (10.6%) $1,177,477 (1.1%) 1.87 56,291
2018-05-01 $569,000 (10.7%) $1,170,935 (1.1%) 1.90 61,348
2018-06-01 $569,367 (9.5%) $1,153,130 (-0.1%) 1.90 64,303
2018-07-01 $564,000 (8.7%) $1,133,583 (-0.8%) 1.88 64,928
2018-08-01 $550,000 (10.1%) $1,099,915 (-1.9%) 1.84 64,090
2018-09-01 $559,000 (10.7%) $1,107,860 (-2.7%) 1.88 64,664
2018-10-01 $559,000 (7.0%) $1,118,444 (-4.1%) 1.89 65,014
2018-11-01 $559,000 (7.6%) $1,130,080 (-3.5%) 1.89 62,641
2018-12-01 $549,000 (7.7%) $1,130,073 (-4.4%) 1.89 56,644
2019-01-01 $545,000 (8.0%) $1,129,587 (-6.0%) 1.88 52,144
2019-02-01 $549,450 (4.7%) $1,141,883 (-5.2%) 1.86 54,156
2019-03-01 $562,429 (4.2%) $1,142,411 (-3.3%) 1.84 57,715
2019-04-01 $579,000 (4.9%) $1,138,189 (-3.3%) 1.84 61,682
2019-05-01 $595,000 (4.6%) $1,143,149 (-2.4%) 1.86 67,048
2019-06-01 $595,000 (4.5%) $1,134,417 (-1.6%) 1.86 68,876
2019-07-01 $582,500 (3.3%) $1,121,551 (-1.1%) 1.82 67,787
2019-08-01 $581,282 (5.7%) $1,115,811 (1.5%) 1.84 66,920
2019-09-01 $583,373 (4.4%) $1,128,519 (1.9%) 1.87 66,091
2019-10-01 $585,000 (4.7%) $1,138,609 (1.8%) 1.89 64,992
2019-11-01 $579,000 (3.6%) $1,151,344 (1.9%) 1.90 61,214
2019-12-01 $579,000 (5.5%) $1,177,570 (4.2%) 1.93 53,427
2020-01-01 $572,444 (5.0%) $1,186,478 (5.0%) 1.91 49,253
2020-02-01 $579,900 (5.5%) $1,189,767 (4.2%) 1.90 50,655
2020-03-01 $599,000 (6.5%) $1,194,673 (4.6%) 1.88 52,117
2020-04-01 $599,000 (3.5%) $1,235,772 (8.6%) 1.88 48,240
2020-05-01 $599,000 (0.7%) $1,210,595 (5.9%) 1.82 47,907
2020-06-01 $607,500 (2.1%) $1,202,565 (6.0%) 1.79 50,560
2020-07-01 $629,500 (8.1%) $1,216,702 (8.5%) 1.82 53,810
2020-08-01 $649,000 (11.7%) $1,257,417 (12.7%) 1.86 53,863
2020-09-01 $649,450 (11.3%) $1,270,416 (12.6%) 1.86 54,156
2020-10-01 $650,000 (11.1%) $1,299,649 (14.1%) 1.86 55,225
2020-11-01 $649,950 (12.3%) $1,314,329 (14.2%) 1.90 51,805
2020-12-01 $649,950 (12.3%) $1,335,856 (13.4%) 1.93 46,559
2021-01-01 $649,900 (13.5%) $1,382,468 (16.5%) 1.94 40,167
2021-02-01 $650,000 (12.1%) $1,405,632 (18.1%) 1.89 38,479
2021-03-01 $649,000 (8.4%) $1,389,414 (16.3%) 1.84 38,238
2021-04-01 $650,000 (8.5%) $1,398,927 (13.2%) 1.76 39,849
2021-05-01 $650,000 (8.5%) $1,386,816 (14.6%) 1.73 42,006
2021-06-01 $649,000 (6.8%) $1,349,421 (12.2%) 1.71 44,486
2021-07-01 $629,000 (-0.1%) $1,306,847 (7.4%) 1.66 44,713
2021-08-01 $622,500 (-4.1%) $1,291,473 (2.7%) 1.66 44,179
2021-09-01 $618,500 (-4.8%) $1,294,429 (1.9%) 1.65 43,157
2021-10-01 $625,000 (-3.9%) $1,312,849 (1.0%) 1.67 43,094
2021-11-01 $625,000 (-3.8%) $1,361,693 (3.6%) 1.67 38,713
2021-12-01 $625,000 (-3.8%) $1,394,619 (4.4%) 1.69 32,599
2022-01-01 $625,000 (-3.8%) $1,504,746 (8.8%) 1.69 27,899
2022-02-01 $644,000 (-0.9%) $1,450,293 (3.2%) 1.67 28,276
2022-03-01 $649,995 (0.2%) $1,458,481 (5.0%) 1.63 30,200
2022-04-01 $669,000 (2.9%) $1,456,264 (4.1%) 1.59 31,854
2022-05-01 $677,000 (4.2%) $1,441,815 (4.0%) 1.55 35,675
2022-06-01 $677,000 (4.3%) $1,388,381 (2.9%) 1.51 38,375
2022-07-01 $669,000 (6.4%) $1,347,547 (3.1%) 1.51 40,505
2022-08-01 $659,000 (5.9%) $1,330,805 (3.1%) 1.52 39,663
2022-09-01 $669,950 (8.3%) $1,378,150 (6.5%) 1.57 39,194
2022-10-01 $675,000 (8.0%) $1,467,863 (11.8%) 1.59 39,584
2022-11-01 $675,000 (8.0%) $1,509,917 (10.9%) 1.62 38,210
2022-12-01 $670,000 (7.2%) $1,533,197 (9.9%) 1.65 33,584
2023-01-01 $672,000 (7.5%) $1,560,947 (3.7%) 1.66 30,337
2023-02-01 $689,000 (7.0%) $1,590,337 (9.7%) 1.66 29,853
2023-03-01 $699,000 (7.5%) $1,602,684 (9.9%) 1.65 29,858
2023-04-01 $701,390 (4.8%) $1,624,018 (11.5%) 1.63 31,009
2023-05-01 $744,500 (10.0%) $1,685,175 (16.9%) 1.69 32,100
2023-06-01 $749,000 (10.6%) $1,637,529 (18.0%) 1.68 32,921
2023-07-01 $745,000 (11.4%) $1,605,623 (19.2%) 1.69 32,746
2023-08-01 $725,000 (10.0%) $1,569,227 (17.9%) 1.66 32,396
2023-09-01 $725,000 (8.2%) $1,554,575 (12.8%) 1.69 34,330
2023-10-01 $737,000 (9.2%) $1,621,844 (10.5%) 1.73 33,513
2023-11-01 $737,450 (9.3%) $1,682,736 (11.5%) 1.76 33,821
2023-12-01 $748,000 (11.6%) $1,777,508 (15.9%) 1.82 28,830
Nassau County's median listing price for 2023-12-01 was $748,000, a difference of $78,000 (11.6%) versus the prior year and $10,550 versus the prior month.

Nassau County's median listing price comes in at 182% of the national average.

Nassau County's average listing price for 2023-12-01 was $1,777,508, a difference of $244,311 (15.9%) versus the prior year and $94,772 versus the prior month.

For the 2023-12-01 period, Nassau County had 28,830 MLS listings, a difference of -4,991 listings (-15%) versus the prior month and -4,754 listings (-14%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Nassau County (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 83 days 1,842 sqft
2018-02-01 72 days 1,855 sqft
2018-03-01 52 days 1,880 sqft
2018-04-01 50 days 1,893 sqft
2018-05-01 46 days 1,907 sqft
2018-06-01 50 days 1,918 sqft
2018-07-01 59 days 1,919 sqft
2018-08-01 64 days 1,911 sqft
2018-09-01 66 days 1,899 sqft
2018-10-01 63 days 1,887 sqft
2018-11-01 65 days 1,863 sqft
2018-12-01 78 days 1,838 sqft
2019-01-01 82 days 1,820 sqft
2019-02-01 73 days 1,827 sqft
2019-03-01 59 days 1,863 sqft
2019-04-01 50 days 1,904 sqft
2019-05-01 50 days 1,918 sqft
2019-06-01 55 days 1,925 sqft
2019-07-01 64 days 1,920 sqft
2019-08-01 67 days 1,915 sqft
2019-09-01 68 days 1,906 sqft
2019-10-01 69 days 1,900 sqft
2019-11-01 71 days 1,848 sqft
2019-12-01 85 days 1,825 sqft
2020-01-01 90 days 1,809 sqft
2020-02-01 75 days 1,832 sqft
2020-03-01 54 days 1,850 sqft
2020-04-01 71 days 1,850 sqft
2020-05-01 85 days 1,861 sqft
2020-06-01 85 days 1,858 sqft
2020-07-01 47 days 1,802 sqft
2020-08-01 47 days 1,752 sqft
2020-09-01 51 days 1,701 sqft
2020-10-01 51 days 1,684 sqft
2020-11-01 60 days 1,647 sqft
2020-12-01 74 days 1,606 sqft
2021-01-01 84 days 1,564 sqft
2021-02-01 78 days 1,531 sqft
2021-03-01 55 days 1,529 sqft
2021-04-01 44 days 1,541 sqft
2021-05-01 41 days 1,560 sqft
2021-06-01 44 days 1,572 sqft
2021-07-01 47 days 1,582 sqft
2021-08-01 53 days 1,576 sqft
2021-09-01 57 days 1,555 sqft
2021-10-01 57 days 1,530 sqft
2021-11-01 58 days 1,504 sqft
2021-12-01 70 days 1,455 sqft
2022-01-01 79 days 1,424 sqft
2022-02-01 60 days 1,405 sqft
2022-03-01 40 days 1,427 sqft
2022-04-01 39 days 1,446 sqft
2022-05-01 38 days 1,503 sqft
2022-06-01 39 days 1,549 sqft
2022-07-01 44 days 1,558 sqft
2022-08-01 54 days 1,544 sqft
2022-09-01 59 days 1,538 sqft
2022-10-01 59 days 1,525 sqft
2022-11-01 62 days 1,513 sqft
2022-12-01 75 days 1,500 sqft
2023-01-01 82 days 1,472 sqft
2023-02-01 75 days 1,468 sqft
2023-03-01 55 days 1,474 sqft
2023-04-01 50 days 1,480 sqft
2023-05-01 48 days 1,500 sqft
2023-06-01 51 days 1,507 sqft
2023-07-01 54 days 1,535 sqft
2023-08-01 59 days 1,541 sqft
2023-09-01 60 days 1,547 sqft
2023-10-01 56 days 1,552 sqft
2023-11-01 58 days 1,553 sqft
2023-12-01 71 days 1,536 sqft
Nassau County's median listing age (time on market) for 2023-12-01 was 71 days. This is -5% shorter than the same period one year ago.

Nassau County's median square footage for active listings during the 2023-12-01 period was 1,536 sqft. One year prior, the average listing was 1,500 sqft.