New York USDA Loan Rates, Closing Costs & Stats
New York-Newark-Jersey City, NY-NJ-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.
New York's 20 lenders originated 29 USDA loans during 2023. The total origination value was $7,165,000, with an average USDA loan value of $247,069.
New York USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in New York
averaged
6.36%
for the week of 2025-02-14, compared to the national average (all USDA variants) of
6.526% for the same period.
New York's average USDA mortgage closing costs are $6,734.
The average rate for the prior week (2025-02-07) was
6.22% and
one month ago for the week of 2025-01-10, the
average rate was 6.26%.
The average rate one year ago was 6.36%.
For refis of the same type during the week of 2025-02-14, the average rate
was 6.82%.
New York 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 York level.
| Name | # of Loans | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
|---|---|---|---|
| GUARANTEED RATE, INC. | 3 | 6.29% | $9,590 |
| Summit Mortgage Corporation | 2 | 6.50% | $6,277 |
| AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | 2 | 6.12% | $9,138 |
| MLD MORTGAGE INC. | 2 | 6.19% | $7,909 |
| Acre Mortgage and Financial Inc | 2 | 7.63% | $13,016 |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | 1 | 6.25% | $7,908 |
| MOVEMENT MORTGAGE, LLC | 1 | 6.63% | $9,940 |
| NATIONWIDE MORTGAGE BANKERS, INC. | 1 | 5.63% | $9,945 |
| NEWREZ LLC | 1 | 6.75% | $13,442 |
| Philadelphia Mortgage Advisors, Inc. | 1 | 6.00% | $7,946 |
| PLAZA HOME MORTGAGE, INC. | 1 | 7.00% | $13,070 |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | 1 | 6.75% | $7,072 |
| Prosperity Home Mortgage, LLC | 1 | 5.63% | $8,355 |
| TD Bank | 1 | 6.50% | $5,468 |
| UNION HOME MORTGAGE CORP. | 1 | 7.75% | $6,290 |
| UNITED WHOLESALE MORTGAGE, LLC | 1 | 5.44% | $11,166 |
| AMERICAN FINANCIAL NETWORK, INC. | 1 | 6.00% | $9,636 |
| CMG MORTGAGE, INC. | 1 | 6.75% | $10,092 |
| DRAPER AND KRAMER MORTGAGE CORP. | 1 | 5.50% | $6,417 |
| GREENWAY MORTGAGE FUNDING CORP. | 1 | 5.75% | $11,451 |
The top New York USDA lender as defined by loan originations is GUARANTEED RATE, INC., with
3 USDA loans originated. Their average total fees are
$9,590, which is $3,313
higher than the next largest lender,
Summit Mortgage Corporation.
The lowest fee New York USDA lenders (with over 10 loans originated) are
.
The lowest rate New York USDA lenders (with over 10 loans originated) are
.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - New York (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%) | $1,201,897 (11.3%) | 1.85 | 47,166 |
| 2018-02-01 | $525,000 (13.2%) | $1,203,837 (6.8%) | 1.88 | 49,645 |
| 2018-03-01 | $539,900 (11.9%) | $1,180,874 (3.9%) | 1.86 | 53,178 |
| 2018-04-01 | $551,925 (10.6%) | $1,177,424 (1.1%) | 1.86 | 56,296 |
| 2018-05-01 | $569,000 (10.7%) | $1,170,846 (1.2%) | 1.87 | 61,351 |
| 2018-06-01 | $569,500 (9.5%) | $1,152,998 (-0.1%) | 1.87 | 64,304 |
| 2018-07-01 | $564,000 (8.7%) | $1,133,502 (-0.8%) | 1.85 | 64,929 |
| 2018-08-01 | $550,000 (10.1%) | $1,099,883 (-1.9%) | 1.84 | 64,092 |
| 2018-09-01 | $559,000 (10.7%) | $1,107,855 (-2.7%) | 1.85 | 64,664 |
| 2018-10-01 | $559,000 (7.0%) | $1,118,438 (-4.1%) | 1.86 | 65,012 |
| 2018-11-01 | $559,000 (7.6%) | $1,130,071 (-3.5%) | 1.86 | 62,638 |
| 2018-12-01 | $549,000 (7.7%) | $1,130,081 (-4.4%) | 1.86 | 56,644 |
| 2019-01-01 | $545,000 (8.0%) | $1,129,579 (-6.0%) | 1.85 | 52,146 |
| 2019-02-01 | $549,450 (4.7%) | $1,141,878 (-5.2%) | 1.85 | 54,158 |
| 2019-03-01 | $562,429 (4.2%) | $1,142,378 (-3.3%) | 1.83 | 57,717 |
| 2019-04-01 | $579,000 (4.9%) | $1,138,134 (-3.3%) | 1.83 | 61,682 |
| 2019-05-01 | $595,000 (4.6%) | $1,143,100 (-2.4%) | 1.84 | 67,046 |
| 2019-06-01 | $595,000 (4.5%) | $1,134,390 (-1.6%) | 1.83 | 68,877 |
| 2019-07-01 | $582,500 (3.3%) | $1,121,491 (-1.1%) | 1.80 | 67,789 |
| 2019-08-01 | $581,250 (5.7%) | $1,115,765 (1.4%) | 1.82 | 66,922 |
| 2019-09-01 | $583,359 (4.4%) | $1,128,472 (1.9%) | 1.85 | 66,095 |
| 2019-10-01 | $585,000 (4.7%) | $1,138,560 (1.8%) | 1.86 | 64,996 |
| 2019-11-01 | $579,000 (3.6%) | $1,151,286 (1.9%) | 1.89 | 61,217 |
| 2019-12-01 | $579,000 (5.5%) | $1,177,565 (4.2%) | 1.92 | 53,425 |
| 2020-01-01 | $572,350 (5.0%) | $1,186,442 (5.0%) | 1.89 | 49,253 |
| 2020-02-01 | $579,900 (5.5%) | $1,189,724 (4.2%) | 1.88 | 50,657 |
| 2020-03-01 | $599,000 (6.5%) | $1,194,646 (4.6%) | 1.85 | 52,118 |
| 2020-04-01 | $599,000 (3.5%) | $1,235,750 (8.6%) | 1.88 | 48,239 |
| 2020-05-01 | $599,000 (0.7%) | $1,210,559 (5.9%) | 1.82 | 47,909 |
| 2020-06-01 | $607,500 (2.1%) | $1,202,446 (6.0%) | 1.77 | 50,565 |
| 2020-07-01 | $629,500 (8.1%) | $1,216,514 (8.5%) | 1.82 | 53,814 |
| 2020-08-01 | $649,000 (11.7%) | $1,257,237 (12.7%) | 1.84 | 53,868 |
| 2020-09-01 | $649,450 (11.3%) | $1,270,263 (12.6%) | 1.86 | 54,158 |
| 2020-10-01 | $650,000 (11.1%) | $1,299,537 (14.1%) | 1.86 | 55,226 |
| 2020-11-01 | $649,950 (12.3%) | $1,314,171 (14.2%) | 1.90 | 51,807 |
| 2020-12-01 | $649,950 (12.3%) | $1,335,674 (13.4%) | 1.93 | 46,561 |
| 2021-01-01 | $649,900 (13.6%) | $1,383,033 (16.6%) | 1.94 | 40,170 |
| 2021-02-01 | $650,000 (12.1%) | $1,406,220 (18.2%) | 1.89 | 38,479 |
| 2021-03-01 | $649,000 (8.4%) | $1,390,012 (16.4%) | 1.84 | 38,238 |
| 2021-04-01 | $650,000 (8.5%) | $1,399,533 (13.3%) | 1.76 | 39,848 |
| 2021-05-01 | $650,000 (8.5%) | $1,387,307 (14.6%) | 1.73 | 42,006 |
| 2021-06-01 | $649,000 (6.8%) | $1,349,941 (12.3%) | 1.70 | 44,487 |
| 2021-07-01 | $629,000 (-0.1%) | $1,307,328 (7.5%) | 1.65 | 44,712 |
| 2021-08-01 | $622,500 (-4.1%) | $1,291,987 (2.8%) | 1.65 | 44,180 |
| 2021-09-01 | $618,500 (-4.8%) | $1,294,946 (1.9%) | 1.61 | 43,158 |
| 2021-10-01 | $625,000 (-3.9%) | $1,312,885 (1.0%) | 1.65 | 43,093 |
| 2021-11-01 | $625,000 (-3.8%) | $1,361,690 (3.6%) | 1.66 | 38,713 |
| 2021-12-01 | $625,000 (-3.8%) | $1,394,618 (4.4%) | 1.68 | 32,598 |
| 2022-01-01 | $625,000 (-3.8%) | $1,504,762 (8.8%) | 1.69 | 27,898 |
| 2022-02-01 | $644,000 (-0.9%) | $1,450,307 (3.1%) | 1.66 | 28,275 |
| 2022-03-01 | $649,995 (0.2%) | $1,458,486 (4.9%) | 1.63 | 30,199 |
| 2022-04-01 | $669,000 (2.9%) | $1,456,215 (4.1%) | 1.57 | 31,856 |
| 2022-05-01 | $677,000 (4.2%) | $1,441,821 (3.9%) | 1.54 | 35,674 |
| 2022-06-01 | $677,000 (4.3%) | $1,388,419 (2.9%) | 1.50 | 38,371 |
| 2022-07-01 | $669,000 (6.4%) | $1,347,598 (3.1%) | 1.48 | 40,503 |
| 2022-08-01 | $659,000 (5.9%) | $1,330,826 (3.0%) | 1.50 | 39,661 |
| 2022-09-01 | $669,950 (8.3%) | $1,378,224 (6.4%) | 1.54 | 39,189 |
| 2022-10-01 | $675,000 (8.0%) | $1,467,986 (11.8%) | 1.59 | 39,578 |
| 2022-11-01 | $675,000 (8.0%) | $1,509,960 (10.9%) | 1.61 | 38,208 |
| 2022-12-01 | $670,000 (7.2%) | $1,533,266 (9.9%) | 1.63 | 33,581 |
| 2023-01-01 | $672,000 (7.5%) | $1,560,973 (3.7%) | 1.64 | 30,337 |
| 2023-02-01 | $688,972 (7.0%) | $1,590,325 (9.7%) | 1.64 | 29,853 |
| 2023-03-01 | $699,000 (7.5%) | $1,602,684 (9.9%) | 1.65 | 29,858 |
| 2023-04-01 | $701,690 (4.9%) | $1,624,018 (11.5%) | 1.63 | 31,008 |
| 2023-05-01 | $744,500 (10.0%) | $1,685,172 (16.9%) | 1.67 | 32,101 |
| 2023-06-01 | $749,000 (10.6%) | $1,637,472 (17.9%) | 1.68 | 32,923 |
| 2023-07-01 | $745,000 (11.4%) | $1,605,600 (19.2%) | 1.68 | 32,747 |
| 2023-08-01 | $725,000 (10.0%) | $1,569,186 (17.9%) | 1.65 | 32,397 |
| 2023-09-01 | $725,000 (8.2%) | $1,554,526 (12.8%) | 1.67 | 34,332 |
| 2023-10-01 | $737,000 (9.2%) | $1,621,804 (10.5%) | 1.72 | 33,514 |
| 2023-11-01 | $737,400 (9.2%) | $1,682,664 (11.4%) | 1.73 | 33,823 |
| 2023-12-01 | $748,000 (11.6%) | $1,777,494 (15.9%) | 1.79 | 28,830 |
| 2024-01-01 | $749,000 (11.5%) | $1,759,249 (12.7%) | 1.81 | 26,598 |
| 2024-02-01 | $752,500 (9.2%) | $1,702,306 (7.0%) | 1.80 | 26,866 |
| 2024-03-01 | $770,000 (10.2%) | $1,696,188 (5.8%) | 1.79 | 28,525 |
| 2024-04-01 | $775,000 (10.5%) | $1,704,077 (4.9%) | 1.79 | 30,602 |
| 2024-05-01 | $793,676 (6.6%) | $1,725,552 (2.4%) | 1.78 | 32,223 |
| 2024-06-01 | $779,999 (4.1%) | $1,658,746 (1.3%) | 1.77 | 33,850 |
| 2024-07-01 | $775,000 (4.0%) | $1,634,047 (1.8%) | 1.75 | 33,665 |
| 2024-08-01 | $759,000 (4.7%) | $1,594,139 (1.6%) | 1.74 | 33,000 |
| 2024-09-01 | $772,500 (6.6%) | $1,659,806 (6.8%) | 1.80 | 34,784 |
| 2024-10-01 | $774,847 (5.1%) | $1,664,983 (2.7%) | 1.79 | 34,793 |
| 2024-11-01 | $768,000 (4.2%) | $1,656,035 (-1.6%) | 1.80 | 33,340 |
| 2024-12-01 | $750,000 (0.3%) | $1,667,772 (-6.2%) | 1.86 | 28,853 |
| 2025-01-01 | $750,000 (0.1%) | $1,679,477 (-4.5%) | 0.00 | 26,691 |
New York's median listing price comes in at 0% of the national average.
New York's average listing price for 2025-01-01 was $1,679,477, a difference of $-79,772 (-4.5%) versus the prior year and $11,705 versus the prior month.
For the 2025-01-01 period, New York had 26,691 MLS listings, a difference of -2,162 listings (-7%) versus the prior month and 93 listings (0%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - New York (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 84 days | 1,843 sqft |
| 2018-02-01 | 72 days | 1,857 sqft |
| 2018-03-01 | 52 days | 1,880 sqft |
| 2018-04-01 | 51 days | 1,894 sqft |
| 2018-05-01 | 46 days | 1,909 sqft |
| 2018-06-01 | 50 days | 1,920 sqft |
| 2018-07-01 | 59 days | 1,920 sqft |
| 2018-08-01 | 65 days | 1,913 sqft |
| 2018-09-01 | 66 days | 1,900 sqft |
| 2018-10-01 | 64 days | 1,888 sqft |
| 2018-11-01 | 65 days | 1,866 sqft |
| 2018-12-01 | 78 days | 1,840 sqft |
| 2019-01-01 | 82 days | 1,821 sqft |
| 2019-02-01 | 73 days | 1,831 sqft |
| 2019-03-01 | 59 days | 1,865 sqft |
| 2019-04-01 | 50 days | 1,904 sqft |
| 2019-05-01 | 50 days | 1,919 sqft |
| 2019-06-01 | 55 days | 1,928 sqft |
| 2019-07-01 | 64 days | 1,920 sqft |
| 2019-08-01 | 67 days | 1,915 sqft |
| 2019-09-01 | 69 days | 1,906 sqft |
| 2019-10-01 | 70 days | 1,900 sqft |
| 2019-11-01 | 71 days | 1,850 sqft |
| 2019-12-01 | 85 days | 1,830 sqft |
| 2020-01-01 | 90 days | 1,817 sqft |
| 2020-02-01 | 75 days | 1,836 sqft |
| 2020-03-01 | 54 days | 1,850 sqft |
| 2020-04-01 | 71 days | 1,854 sqft |
| 2020-05-01 | 85 days | 1,863 sqft |
| 2020-06-01 | 86 days | 1,862 sqft |
| 2020-07-01 | 47 days | 1,803 sqft |
| 2020-08-01 | 47 days | 1,753 sqft |
| 2020-09-01 | 51 days | 1,701 sqft |
| 2020-10-01 | 51 days | 1,684 sqft |
| 2020-11-01 | 60 days | 1,648 sqft |
| 2020-12-01 | 74 days | 1,607 sqft |
| 2021-01-01 | 84 days | 1,566 sqft |
| 2021-02-01 | 78 days | 1,532 sqft |
| 2021-03-01 | 55 days | 1,530 sqft |
| 2021-04-01 | 44 days | 1,542 sqft |
| 2021-05-01 | 41 days | 1,563 sqft |
| 2021-06-01 | 44 days | 1,574 sqft |
| 2021-07-01 | 47 days | 1,584 sqft |
| 2021-08-01 | 53 days | 1,576 sqft |
| 2021-09-01 | 57 days | 1,556 sqft |
| 2021-10-01 | 57 days | 1,530 sqft |
| 2021-11-01 | 59 days | 1,504 sqft |
| 2021-12-01 | 70 days | 1,459 sqft |
| 2022-01-01 | 79 days | 1,428 sqft |
| 2022-02-01 | 60 days | 1,409 sqft |
| 2022-03-01 | 40 days | 1,430 sqft |
| 2022-04-01 | 39 days | 1,450 sqft |
| 2022-05-01 | 38 days | 1,505 sqft |
| 2022-06-01 | 39 days | 1,553 sqft |
| 2022-07-01 | 44 days | 1,566 sqft |
| 2022-08-01 | 54 days | 1,550 sqft |
| 2022-09-01 | 59 days | 1,545 sqft |
| 2022-10-01 | 59 days | 1,535 sqft |
| 2022-11-01 | 62 days | 1,525 sqft |
| 2022-12-01 | 75 days | 1,500 sqft |
| 2023-01-01 | 82 days | 1,483 sqft |
| 2023-02-01 | 75 days | 1,480 sqft |
| 2023-03-01 | 55 days | 1,483 sqft |
| 2023-04-01 | 50 days | 1,488 sqft |
| 2023-05-01 | 48 days | 1,500 sqft |
| 2023-06-01 | 51 days | 1,516 sqft |
| 2023-07-01 | 54 days | 1,540 sqft |
| 2023-08-01 | 59 days | 1,543 sqft |
| 2023-09-01 | 60 days | 1,548 sqft |
| 2023-10-01 | 56 days | 1,549 sqft |
| 2023-11-01 | 58 days | 1,551 sqft |
| 2023-12-01 | 71 days | 1,530 sqft |
| 2024-01-01 | 79 days | 1,500 sqft |
| 2024-02-01 | 69 days | 1,496 sqft |
| 2024-03-01 | 50 days | 1,500 sqft |
| 2024-04-01 | 45 days | 1,500 sqft |
| 2024-05-01 | 43 days | 1,530 sqft |
| 2024-06-01 | 45 days | 1,550 sqft |
| 2024-07-01 | 52 days | 1,563 sqft |
| 2024-08-01 | 58 days | 1,550 sqft |
| 2024-09-01 | 57 days | 1,556 sqft |
| 2024-10-01 | 54 days | 1,550 sqft |
| 2024-11-01 | 60 days | 1,535 sqft |
| 2024-12-01 | 73 days | 1,494 sqft |
| 2025-01-01 | 0 days | 1,482 sqft |
New York's median square footage for active listings during the 2025-01-01 period was 1,482 sqft. One year prior, the average listing was 1,500 sqft.