New Haven USDA Loan Rates, Closing Costs & Stats

NEW HAVEN-MILFORD, CT

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 Haven's 0 lenders originated 1 USDA loans during 2023. The total origination value was $105,000, with an average USDA loan value of $105,000.

New Haven USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in New Haven averaged 6.65% for the week of 2024-05-17, compared to the national average (all USDA variants) of 6.75% for the same period.

New Haven's average USDA mortgage closing costs are $7,356.

The average rate for the prior week (2024-05-10) was 6.99% and one month ago for the week of 2024-04-12, the average rate was 6.72%.

The average rate one year ago was 6.3%.

For refis of the same type during the week of 2024-05-17, the average rate was 7.2%.

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

New Haven 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 Haven level.

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs

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

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


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - New Haven (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 $261,475 (4.8%) $397,044 (8.9%) 0.97 2,823
2018-02-01 $267,400 (7.0%) $408,705 (10.9%) 0.97 2,761
2018-03-01 $279,000 (6.3%) $417,339 (12.5%) 0.98 2,890
2018-04-01 $285,000 (5.6%) $408,581 (7.4%) 0.97 3,015
2018-05-01 $296,950 (8.0%) $394,701 (1.5%) 0.99 3,248
2018-06-01 $294,950 (5.9%) $390,762 (-3.0%) 0.98 3,404
2018-07-01 $289,948 (3.9%) $397,484 (-0.9%) 0.97 3,532
2018-08-01 $289,450 (5.2%) $382,062 (-4.1%) 0.97 3,606
2018-09-01 $289,250 (7.1%) $385,202 (-2.9%) 0.97 3,614
2018-10-01 $284,600 (5.5%) $384,082 (-2.6%) 0.96 3,529
2018-11-01 $274,950 (3.1%) $375,607 (-3.9%) 0.93 3,357
2018-12-01 $269,900 (2.2%) $370,262 (-5.1%) 0.93 3,031
2019-01-01 $269,900 (3.2%) $371,605 (-6.4%) 0.93 2,718
2019-02-01 $274,575 (2.7%) $377,083 (-7.7%) 0.93 2,670
2019-03-01 $287,571 (3.1%) $388,244 (-7.0%) 0.94 2,767
2019-04-01 $299,450 (5.1%) $397,737 (-2.7%) 0.95 2,868
2019-05-01 $293,200 (-1.3%) $392,957 (-0.4%) 0.92 3,025
2019-06-01 $294,995 (0.0%) $390,408 (-0.1%) 0.92 3,183
2019-07-01 $292,450 (0.9%) $388,653 (-2.2%) 0.92 3,209
2019-08-01 $285,836 (-1.3%) $381,791 (-0.1%) 0.91 3,177
2019-09-01 $279,741 (-3.3%) $376,043 (-2.4%) 0.90 3,102
2019-10-01 $275,000 (-3.4%) $372,211 (-3.1%) 0.89 3,029
2019-11-01 $274,900 (0.0%) $367,566 (-2.1%) 0.90 2,774
2019-12-01 $269,950 (0.0%) $367,883 (-0.6%) 0.90 2,409
2020-01-01 $269,800 (0.0%) $368,480 (-0.8%) 0.90 2,124
2020-02-01 $275,000 (0.2%) $377,644 (0.2%) 0.90 2,040
2020-03-01 $289,925 (0.8%) $390,744 (0.6%) 0.91 2,101
2020-04-01 $289,900 (-3.2%) $396,729 (-0.3%) 0.91 2,051
2020-05-01 $299,900 (2.3%) $406,170 (3.4%) 0.91 1,907
2020-06-01 $317,425 (7.6%) $432,780 (10.9%) 0.94 1,665
2020-07-01 $326,950 (11.8%) $448,530 (15.4%) 0.95 1,590
2020-08-01 $320,000 (12.0%) $453,950 (18.9%) 0.92 1,559
2020-09-01 $308,500 (10.3%) $450,552 (19.8%) 0.88 1,594
2020-10-01 $310,000 (12.7%) $449,585 (20.8%) 0.89 1,547
2020-11-01 $309,450 (12.6%) $447,767 (21.8%) 0.90 1,453
2020-12-01 $300,000 (11.1%) $454,473 (23.5%) 0.89 1,268
2021-01-01 $310,000 (14.9%) $468,117 (27.0%) 0.93 1,019
2021-02-01 $317,975 (15.6%) $472,862 (25.2%) 0.93 835
2021-03-01 $324,900 (12.1%) $491,572 (25.8%) 0.92 814
2021-04-01 $333,250 (15.0%) $516,992 (30.3%) 0.90 845
2021-05-01 $340,000 (13.4%) $512,193 (26.1%) 0.90 956
2021-06-01 $337,400 (6.3%) $507,267 (17.2%) 0.89 1,132
2021-07-01 $335,000 (2.5%) $508,451 (13.4%) 0.88 1,290
2021-08-01 $329,575 (3.0%) $486,132 (7.1%) 0.88 1,415
2021-09-01 $324,950 (5.3%) $478,572 (6.2%) 0.87 1,421
2021-10-01 $329,000 (6.1%) $484,266 (7.7%) 0.88 1,361
2021-11-01 $329,900 (6.6%) $481,309 (7.5%) 0.88 1,102
2021-12-01 $321,000 (7.0%) $471,258 (3.7%) 0.87 920
2022-01-01 $329,900 (6.4%) $486,516 (3.9%) 0.89 732
2022-02-01 $344,450 (8.3%) $508,770 (7.6%) 0.90 626
2022-03-01 $350,000 (7.7%) $513,833 (4.5%) 0.88 626
2022-04-01 $351,000 (5.3%) $520,885 (0.8%) 0.84 749
2022-05-01 $357,450 (5.1%) $506,099 (-1.2%) 0.82 882
2022-06-01 $361,000 (7.0%) $502,853 (-0.9%) 0.80 1,014
2022-07-01 $358,000 (6.9%) $494,812 (-2.7%) 0.81 1,153
2022-08-01 $360,950 (9.5%) $488,184 (0.4%) 0.83 1,136
2022-09-01 $353,228 (8.7%) $497,818 (4.0%) 0.83 1,137
2022-10-01 $350,000 (6.4%) $497,744 (2.8%) 0.82 1,180
2022-11-01 $349,950 (6.1%) $490,084 (1.8%) 0.84 1,165
2022-12-01 $349,900 (9.0%) $489,391 (3.9%) 0.86 977
2023-01-01 $372,450 (12.9%) $493,418 (1.4%) 0.92 800
2023-02-01 $387,000 (12.4%) $515,822 (1.4%) 0.93 712
2023-03-01 $399,225 (14.1%) $542,586 (5.6%) 0.94 698
2023-04-01 $399,950 (14.0%) $549,293 (5.5%) 0.93 716
2023-05-01 $431,150 (20.6%) $556,902 (10.0%) 0.98 786
2023-06-01 $424,850 (17.7%) $578,734 (15.1%) 0.95 811
2023-07-01 $415,000 (15.9%) $604,994 (22.3%) 0.94 807
2023-08-01 $394,500 (9.3%) $572,667 (17.3%) 0.91 817
2023-09-01 $399,900 (13.2%) $560,729 (12.6%) 0.93 902
2023-10-01 $399,900 (14.3%) $570,346 (14.6%) 0.94 935
2023-11-01 $399,450 (14.2%) $561,029 (14.5%) 0.95 910
2023-12-01 $399,000 (14.0%) $560,476 (14.5%) 0.97 796
2024-01-01 $399,900 (7.4%) $565,017 (14.5%) 0.98 721
2024-02-01 $415,750 (7.4%) $585,020 (13.4%) 1.00 663
2024-03-01 $400,000 (0.2%) $573,579 (5.7%) 0.94 689
2024-04-01 $409,900 (2.5%) $602,740 (9.7%) 0.95 779
New Haven's median listing price for 2024-04-01 was $409,900, a difference of $9,950 (2.5%) versus the prior year and $9,900 versus the prior month.

New Haven's median listing price comes in at 95% of the national average.

New Haven's average listing price for 2024-04-01 was $602,740, a difference of $53,447 (9.7%) versus the prior year and $29,161 versus the prior month.

For the 2024-04-01 period, New Haven had 779 MLS listings, a difference of 90 listings (13%) versus the prior month and 63 listings (9%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - New Haven (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 93 days 1,601 sqft
2018-02-01 91 days 1,616 sqft
2018-03-01 60 days 1,658 sqft
2018-04-01 52 days 1,708 sqft
2018-05-01 50 days 1,729 sqft
2018-06-01 52 days 1,716 sqft
2018-07-01 59 days 1,702 sqft
2018-08-01 64 days 1,682 sqft
2018-09-01 67 days 1,692 sqft
2018-10-01 74 days 1,682 sqft
2018-11-01 77 days 1,645 sqft
2018-12-01 87 days 1,626 sqft
2019-01-01 93 days 1,608 sqft
2019-02-01 88 days 1,617 sqft
2019-03-01 68 days 1,661 sqft
2019-04-01 49 days 1,712 sqft
2019-05-01 47 days 1,747 sqft
2019-06-01 51 days 1,848 sqft
2019-07-01 58 days 1,844 sqft
2019-08-01 63 days 1,830 sqft
2019-09-01 67 days 1,814 sqft
2019-10-01 70 days 1,805 sqft
2019-11-01 72 days 1,800 sqft
2019-12-01 82 days 1,777 sqft
2020-01-01 87 days 1,759 sqft
2020-02-01 76 days 1,783 sqft
2020-03-01 49 days 1,800 sqft
2020-04-01 56 days 1,781 sqft
2020-05-01 70 days 1,816 sqft
2020-06-01 51 days 1,854 sqft
2020-07-01 39 days 1,868 sqft
2020-08-01 38 days 1,862 sqft
2020-09-01 39 days 1,822 sqft
2020-10-01 40 days 1,814 sqft
2020-11-01 45 days 1,783 sqft
2020-12-01 53 days 1,771 sqft
2021-01-01 64 days 1,752 sqft
2021-02-01 50 days 1,735 sqft
2021-03-01 24 days 1,728 sqft
2021-04-01 25 days 1,793 sqft
2021-05-01 22 days 1,792 sqft
2021-06-01 23 days 1,757 sqft
2021-07-01 28 days 1,729 sqft
2021-08-01 31 days 1,601 sqft
2021-09-01 37 days 1,578 sqft
2021-10-01 43 days 1,605 sqft
2021-11-01 47 days 1,580 sqft
2021-12-01 55 days 1,570 sqft
2022-01-01 60 days 1,592 sqft
2022-02-01 34 days 1,588 sqft
2022-03-01 20 days 1,607 sqft
2022-04-01 16 days 1,581 sqft
2022-05-01 17 days 1,594 sqft
2022-06-01 21 days 1,604 sqft
2022-07-01 26 days 1,608 sqft
2022-08-01 32 days 1,789 sqft
2022-09-01 38 days 1,804 sqft
2022-10-01 36 days 1,803 sqft
2022-11-01 44 days 1,796 sqft
2022-12-01 53 days 1,776 sqft
2023-01-01 63 days 1,761 sqft
2023-02-01 40 days 1,758 sqft
2023-03-01 31 days 1,855 sqft
2023-04-01 30 days 1,803 sqft
2023-05-01 24 days 1,874 sqft
2023-06-01 25 days 1,830 sqft
2023-07-01 29 days 1,805 sqft
2023-08-01 39 days 1,740 sqft
2023-09-01 37 days 1,786 sqft
2023-10-01 40 days 1,802 sqft
2023-11-01 46 days 1,800 sqft
2023-12-01 53 days 1,799 sqft
2024-01-01 58 days 1,798 sqft
2024-02-01 54 days 1,781 sqft
2024-03-01 40 days 1,728 sqft
2024-04-01 32 days 1,656 sqft
New Haven's median listing age (time on market) for 2024-04-01 was 32 days. This is 5% longer than the same period one year ago.

New Haven's median square footage for active listings during the 2024-04-01 period was 1,656 sqft. One year prior, the average listing was 1,803 sqft.