New Castle USDA Loan Rates, Closing Costs & Stats

New Castle, PA

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    • 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.

    New Castle's 11 lenders originated 14 USDA loans during 2023. The total origination value was $2,120,000, with an average USDA loan value of $151,429.

    New Castle USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in New Castle averaged 7.06% for the week of 2024-04-19, compared to the national average (all USDA variants) of 6.863% for the same period.

    New Castle's average USDA mortgage closing costs are $5,257.

    The average rate for the prior week (2024-04-12) was 6.72% and one month ago for the week of 2024-03-15, the average rate was 6.5%.

    The average rate one year ago was 6.14%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.66%.

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

    New Castle 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 New Castle level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    UNITED WHOLESALE MORTGAGE, LLC 2 6.56% $8,357
    Flagstar Bank, FSB 2 6.75% $5,104
    PLAZA HOME MORTGAGE, INC. 2 6.50% $7,868
    DEVELOPER'S MORTGAGE COMPANY 1 7.25% $8,042
    EMM LOANS LLC 1 6.50% $7,403
    ALLIED MORTGAGE GROUP, INC. 1 7.13% $10,018
    GUARANTEED RATE AFFINITY, LLC 1 5.73% $4,522
    GUILD MORTGAGE COMPANY 1 6.13% $8,122
    HOWARD HANNA FINANCIAL SERVICES, INC. 1 6.13% $6,906
    Bank of England 1 6.25% $6,555
    CROSSCOUNTRY MORTGAGE, LLC 1 7.75% $4,377

    The top New Castle USDA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 2 USDA loans originated. Their average total fees are $8,357, which is $3,253 higher than the next largest lender, Flagstar Bank, FSB.

    The lowest fee New Castle USDA lenders (with over 10 loans originated) are .

    The lowest rate New Castle USDA lenders (with over 10 loans originated) are .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - New Castle (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 $85,000 (3.2%) $131,829 (3.2%) 0.00 447
    2018-02-01 $82,150 (1.5%) $132,459 (2.0%) 0.00 436
    2018-03-01 $79,900 (-7.3%) $131,124 (-4.1%) 0.00 445
    2018-04-01 $85,000 (-1.1%) $139,475 (2.4%) 0.00 445
    2018-05-01 $89,900 (9.6%) $141,326 (3.1%) 0.00 462
    2018-06-01 $89,900 (4.7%) $143,533 (4.7%) 0.00 480
    2018-07-01 $104,450 (16.2%) $149,117 (5.4%) 0.00 472
    2018-08-01 $113,100 (29.5%) $149,620 (8.5%) 0.00 504
    2018-09-01 $107,000 (19.9%) $146,891 (8.0%) 0.00 493
    2018-10-01 $104,700 (16.5%) $146,333 (7.9%) 0.00 488
    2018-11-01 $104,475 (16.2%) $143,687 (4.1%) 0.00 495
    2018-12-01 $99,900 (17.7%) $144,266 (10.8%) 0.00 479
    2019-01-01 $89,575 (5.4%) $133,254 (1.1%) 0.00 453
    2019-02-01 $89,925 (9.5%) $131,838 (-0.5%) 0.00 431
    2019-03-01 $93,329 (16.8%) $135,395 (3.3%) 0.00 428
    2019-04-01 $97,329 (14.5%) $141,432 (1.4%) 0.00 433
    2019-05-01 $96,975 (7.9%) $140,645 (-0.5%) 0.00 429
    2019-06-01 $99,500 (10.7%) $145,916 (1.7%) 0.00 428
    2019-07-01 $98,625 (-5.6%) $140,602 (-5.7%) 0.00 436
    2019-08-01 $98,318 (-13.1%) $142,192 (-5.0%) 0.00 441
    2019-09-01 $98,420 (-8.0%) $145,129 (-1.2%) 0.00 441
    2019-10-01 $98,500 (-5.9%) $148,207 (1.3%) 0.00 443
    2019-11-01 $99,500 (-4.8%) $153,827 (7.1%) 0.00 431
    2019-12-01 $98,125 (-1.8%) $152,189 (5.5%) 0.00 411
    2020-01-01 $99,000 (10.5%) $152,590 (14.5%) 0.00 388
    2020-02-01 $99,900 (11.1%) $159,495 (21.0%) 0.00 367
    2020-03-01 $109,950 (17.8%) $161,231 (19.1%) 0.00 370
    2020-04-01 $117,100 (20.3%) $162,690 (15.0%) 0.00 363
    2020-05-01 $115,000 (18.6%) $158,747 (12.9%) 0.00 355
    2020-06-01 $99,900 (0.4%) $162,354 (11.3%) 0.00 304
    2020-07-01 $127,450 (29.2%) $170,420 (21.2%) 0.00 284
    2020-08-01 $119,900 (22.0%) $169,862 (19.5%) 0.00 256
    2020-09-01 $129,900 (32.0%) $174,588 (20.3%) 0.00 250
    2020-10-01 $119,900 (21.7%) $164,755 (11.2%) 0.00 257
    2020-11-01 $112,675 (13.2%) $164,559 (7.0%) 0.00 252
    2020-12-01 $109,425 (11.5%) $169,834 (11.6%) 0.00 232
    2021-01-01 $116,500 (17.7%) $167,125 (9.5%) 0.00 189
    2021-02-01 $108,200 (8.3%) $173,063 (8.5%) 0.00 151
    2021-03-01 $142,000 (29.2%) $192,914 (19.7%) 0.00 127
    2021-04-01 $131,700 (12.5%) $191,931 (18.0%) 0.00 120
    2021-05-01 $149,950 (30.4%) $198,547 (25.1%) 0.00 119
    2021-06-01 $139,900 (40.0%) $194,355 (19.7%) 0.00 138
    2021-07-01 $139,950 (9.8%) $195,531 (14.7%) 0.00 153
    2021-08-01 $129,800 (8.3%) $185,321 (9.1%) 0.00 188
    2021-09-01 $123,050 (-5.3%) $184,350 (5.6%) 0.00 171
    2021-10-01 $129,900 (8.3%) $187,752 (14.0%) 0.00 181
    2021-11-01 $144,975 (28.7%) $198,762 (20.8%) 0.00 170
    2021-12-01 $129,925 (18.7%) $192,915 (13.6%) 0.00 157
    2022-01-01 $135,000 (15.9%) $196,063 (17.3%) 0.00 141
    2022-02-01 $143,450 (32.6%) $205,674 (18.8%) 0.00 121
    2022-03-01 $152,475 (7.4%) $198,299 (2.8%) 0.00 100
    2022-04-01 $149,900 (13.8%) $185,213 (-3.5%) 0.00 110
    2022-05-01 $173,200 (15.5%) $209,154 (5.3%) 0.00 113
    2022-06-01 $159,375 (13.9%) $203,706 (4.8%) 0.00 143
    2022-07-01 $149,400 (6.8%) $194,467 (-0.5%) 0.00 185
    2022-08-01 $149,900 (15.5%) $199,762 (7.8%) 0.00 187
    2022-09-01 $138,700 (12.7%) $191,724 (4.0%) 0.00 205
    2022-10-01 $139,000 (7.0%) $188,970 (0.7%) 0.00 223
    2022-11-01 $139,900 (-3.5%) $193,151 (-2.8%) 0.00 205
    2022-12-01 $137,500 (5.8%) $259,181 (34.4%) 0.00 201
    2023-01-01 $129,950 (-3.7%) $267,641 (36.5%) 0.00 183
    2023-02-01 $132,400 (-7.7%) $200,973 (-2.3%) 0.00 154
    2023-03-01 $129,900 (-14.8%) $198,272 (0.0%) 0.00 153
    2023-04-01 $139,950 (-6.6%) $203,028 (9.6%) 0.00 148
    2023-05-01 $139,925 (-19.2%) $205,507 (-1.7%) 0.00 148
    2023-06-01 $130,975 (-17.8%) $198,084 (-2.8%) 0.00 152
    2023-07-01 $147,200 (-1.5%) $207,780 (6.9%) 0.00 159
    2023-08-01 $145,375 (-3.0%) $204,578 (2.4%) 0.00 159
    2023-09-01 $145,000 (4.5%) $204,311 (6.6%) 0.00 153
    2023-10-01 $134,450 (-3.3%) $187,599 (-0.7%) 0.00 177
    2023-11-01 $137,200 (-1.9%) $186,755 (-3.3%) 0.00 187
    2023-12-01 $139,750 (1.6%) $188,725 (-27.2%) 0.00 178
    2024-01-01 $134,500 (3.5%) $185,914 (-30.5%) 0.00 180
    2024-02-01 $129,950 (-1.9%) $184,148 (-8.4%) 0.00 177
    2024-03-01 $135,000 (3.9%) $186,475 (-6.0%) 0.00 149
    New Castle's median listing price for 2024-03-01 was $135,000, a difference of $5,100 (3.9%) versus the prior year and $5,050 versus the prior month.

    New Castle's median listing price comes in at 0% of the national average.

    New Castle's average listing price for 2024-03-01 was $186,475, a difference of $-11,797 (-6.0%) versus the prior year and $2,327 versus the prior month.

    For the 2024-03-01 period, New Castle had 149 MLS listings, a difference of -28 listings (-16%) versus the prior month and -4 listings (-3%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - New Castle (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,450 sqft
    2018-02-01 0 days 1,450 sqft
    2018-03-01 0 days 1,499 sqft
    2018-04-01 0 days 1,560 sqft
    2018-05-01 0 days 1,560 sqft
    2018-06-01 0 days 1,560 sqft
    2018-07-01 0 days 1,562 sqft
    2018-08-01 0 days 1,544 sqft
    2018-09-01 0 days 1,512 sqft
    2018-10-01 0 days 1,518 sqft
    2018-11-01 0 days 1,522 sqft
    2018-12-01 0 days 1,480 sqft
    2019-01-01 0 days 1,450 sqft
    2019-02-01 0 days 1,467 sqft
    2019-03-01 0 days 1,470 sqft
    2019-04-01 0 days 1,466 sqft
    2019-05-01 0 days 1,466 sqft
    2019-06-01 0 days 1,483 sqft
    2019-07-01 0 days 1,467 sqft
    2019-08-01 0 days 1,459 sqft
    2019-09-01 0 days 1,464 sqft
    2019-10-01 0 days 1,468 sqft
    2019-11-01 0 days 1,486 sqft
    2019-12-01 0 days 1,474 sqft
    2020-01-01 0 days 1,473 sqft
    2020-02-01 0 days 1,490 sqft
    2020-03-01 0 days 1,506 sqft
    2020-04-01 0 days 1,536 sqft
    2020-05-01 0 days 1,536 sqft
    2020-06-01 0 days 1,524 sqft
    2020-07-01 0 days 1,541 sqft
    2020-08-01 0 days 1,536 sqft
    2020-09-01 0 days 1,550 sqft
    2020-10-01 0 days 1,494 sqft
    2020-11-01 0 days 1,470 sqft
    2020-12-01 0 days 1,462 sqft
    2021-01-01 0 days 1,455 sqft
    2021-02-01 0 days 1,471 sqft
    2021-03-01 0 days 1,534 sqft
    2021-04-01 0 days 1,520 sqft
    2021-05-01 0 days 1,524 sqft
    2021-06-01 0 days 1,512 sqft
    2021-07-01 0 days 1,584 sqft
    2021-08-01 0 days 1,500 sqft
    2021-09-01 0 days 1,478 sqft
    2021-10-01 0 days 1,495 sqft
    2021-11-01 0 days 1,515 sqft
    2021-12-01 0 days 1,478 sqft
    2022-01-01 0 days 1,485 sqft
    2022-02-01 0 days 1,490 sqft
    2022-03-01 0 days 1,507 sqft
    2022-04-01 0 days 1,466 sqft
    2022-05-01 0 days 1,560 sqft
    2022-06-01 0 days 1,504 sqft
    2022-07-01 0 days 1,500 sqft
    2022-08-01 0 days 1,524 sqft
    2022-09-01 0 days 1,528 sqft
    2022-10-01 0 days 1,472 sqft
    2022-11-01 0 days 1,472 sqft
    2022-12-01 0 days 1,405 sqft
    2023-01-01 0 days 1,415 sqft
    2023-02-01 0 days 1,427 sqft
    2023-03-01 0 days 1,444 sqft
    2023-04-01 0 days 1,456 sqft
    2023-05-01 0 days 1,441 sqft
    2023-06-01 0 days 1,464 sqft
    2023-07-01 0 days 1,562 sqft
    2023-08-01 0 days 1,584 sqft
    2023-09-01 0 days 1,509 sqft
    2023-10-01 0 days 1,440 sqft
    2023-11-01 0 days 1,467 sqft
    2023-12-01 0 days 1,488 sqft
    2024-01-01 0 days 1,476 sqft
    2024-02-01 0 days 1,464 sqft
    2024-03-01 0 days 1,424 sqft
    New Castle's median listing age (time on market) for 2024-03-01 was 0 days.

    New Castle's median square footage for active listings during the 2024-03-01 period was 1,424 sqft. One year prior, the average listing was 1,444 sqft.