Oil City USDA Loan Rates, Closing Costs & Stats

Oil City, PA

  • JUMP TO:
  • Trends
  • Rates vs Fees
  • Top Lenders
  • Markets
  • Market Conditions & Pricing
  • Time on Market/Property Size

    • 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.

    Oil City's 7 lenders originated 14 USDA loans during 2023. The total origination value was $1,610,000, with an average USDA loan value of $115,000.

    Oil City USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Oil City averaged 6.61% for the week of 2025-02-14, compared to the national average (all USDA variants) of 6.526% for the same period.

    Oil City's average USDA mortgage closing costs are $4,955.

    The average rate for the prior week (2025-02-07) was 6.57% and one month ago for the week of 2025-01-10, the average rate was 6.61%.

    The average rate one year ago was 6.8%.

    For refis of the same type during the week of 2025-02-14, the average rate was 6.33%.

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

    Oil City 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 Oil City level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Northwest Bank 3 6.00% $5,458
    TIDEWATER MORTGAGE SERVICES, INC. 3 6.75% $6,412
    UNION HOME MORTGAGE CORP. 3 6.92% $6,851
    CARDINAL FINANCIAL 2 7.00% $3,719
    Paramount Residential Mortgage Group, Inc. 1 7.25% $6,866
    Flagstar Bank, FSB 1 6.25% $5,234
    Summit Mortgage Corporation 1 6.13% $5,706

    The top Oil City USDA lender as defined by loan originations is Northwest Bank, with 3 USDA loans originated. Their average total fees are $5,458, which is $954 lower than the next largest lender, TIDEWATER MORTGAGE SERVICES, INC..

    The lowest fee Oil City USDA lenders (with over 10 loans originated) are .

    The lowest rate Oil City USDA lenders (with over 10 loans originated) are .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Oil City (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 $88,625 (6.6%) $125,894 (3.3%) 0.00 289
    2018-02-01 $88,500 (6.8%) $123,122 (0.4%) 0.00 289
    2018-03-01 $85,000 (1.3%) $119,014 (-4.9%) 0.00 300
    2018-04-01 $83,700 (-3.2%) $119,136 (-4.8%) 0.00 314
    2018-05-01 $83,700 (-6.9%) $119,536 (-6.5%) 0.00 333
    2018-06-01 $84,900 (-5.3%) $120,530 (-4.9%) 0.00 334
    2018-07-01 $87,875 (-2.9%) $127,391 (-2.9%) 0.00 333
    2018-08-01 $88,450 (-2.8%) $130,496 (-0.3%) 0.00 336
    2018-09-01 $93,500 (2.8%) $127,517 (-2.6%) 0.00 323
    2018-10-01 $95,900 (6.7%) $126,515 (-3.8%) 0.00 311
    2018-11-01 $96,175 (7.0%) $124,806 (-4.4%) 0.00 291
    2018-12-01 $94,200 (4.8%) $122,707 (-5.3%) 0.00 268
    2019-01-01 $89,800 (1.3%) $122,309 (-2.9%) 0.00 254
    2019-02-01 $89,700 (1.4%) $124,085 (0.8%) 0.00 247
    2019-03-01 $92,371 (8.7%) $127,185 (6.9%) 0.00 236
    2019-04-01 $97,850 (16.9%) $129,479 (8.7%) 0.00 219
    2019-05-01 $99,125 (18.4%) $126,019 (5.4%) 0.00 212
    2019-06-01 $97,500 (14.8%) $127,545 (5.8%) 0.00 210
    2019-07-01 $89,450 (1.8%) $123,188 (-3.3%) 0.00 223
    2019-08-01 $89,973 (1.7%) $122,119 (-6.4%) 0.00 233
    2019-09-01 $89,932 (-3.8%) $121,451 (-4.8%) 0.00 233
    2019-10-01 $89,900 (-6.3%) $121,432 (-4.0%) 0.00 231
    2019-11-01 $92,950 (-3.4%) $130,629 (4.7%) 0.00 230
    2019-12-01 $93,650 (-0.6%) $132,696 (8.1%) 0.00 224
    2020-01-01 $91,950 (2.4%) $134,243 (9.8%) 0.00 212
    2020-02-01 $94,700 (5.6%) $138,102 (11.3%) 0.00 200
    2020-03-01 $90,000 (-2.6%) $136,226 (7.1%) 0.00 192
    2020-04-01 $89,875 (-8.2%) $136,176 (5.2%) 0.00 183
    2020-05-01 $92,500 (-6.7%) $139,730 (10.9%) 0.00 167
    2020-06-01 $94,950 (-2.6%) $141,453 (10.9%) 0.00 169
    2020-07-01 $95,225 (6.5%) $146,833 (19.2%) 0.00 155
    2020-08-01 $89,950 (0.0%) $139,730 (14.4%) 0.00 139
    2020-09-01 $85,000 (-5.5%) $120,207 (-1.0%) 0.00 142
    2020-10-01 $91,000 (1.2%) $141,610 (16.6%) 0.00 139
    2020-11-01 $97,000 (4.4%) $147,251 (12.7%) 0.00 123
    2020-12-01 $99,700 (6.5%) $147,394 (11.1%) 0.00 113
    2021-01-01 $99,250 (7.9%) $140,997 (5.0%) 0.00 109
    2021-02-01 $99,475 (5.0%) $149,505 (8.3%) 0.00 98
    2021-03-01 $102,975 (14.4%) $164,037 (20.4%) 0.00 79
    2021-04-01 $99,600 (10.8%) $158,515 (16.4%) 0.00 87
    2021-05-01 $99,000 (7.0%) $152,975 (9.5%) 0.00 92
    2021-06-01 $114,900 (21.0%) $153,075 (8.2%) 0.00 91
    2021-07-01 $119,000 (25.0%) $172,106 (17.2%) 0.00 93
    2021-08-01 $119,000 (32.3%) $188,295 (34.8%) 0.00 87
    2021-09-01 $115,000 (35.3%) $163,500 (36.0%) 0.00 92
    2021-10-01 $112,400 (23.5%) $141,317 (-0.2%) 0.00 89
    2021-11-01 $97,725 (0.8%) $138,304 (-6.1%) 0.00 88
    2021-12-01 $90,600 (-9.1%) $138,243 (-6.2%) 0.00 93
    2022-01-01 $94,000 (-5.3%) $140,861 (-0.1%) 0.00 87
    2022-02-01 $98,225 (-1.3%) $148,653 (-0.6%) 0.00 83
    2022-03-01 $107,450 (4.4%) $169,044 (3.1%) 0.00 78
    2022-04-01 $128,000 (28.5%) $192,310 (21.3%) 0.00 76
    2022-05-01 $126,850 (28.1%) $188,253 (23.1%) 0.00 95
    2022-06-01 $130,075 (13.2%) $193,770 (26.6%) 0.00 108
    2022-07-01 $129,900 (9.2%) $187,312 (8.8%) 0.00 119
    2022-08-01 $132,050 (11.0%) $186,650 (-0.9%) 0.00 109
    2022-09-01 $122,450 (6.5%) $180,621 (10.5%) 0.00 102
    2022-10-01 $119,900 (6.7%) $164,242 (16.2%) 0.00 103
    2022-11-01 $125,000 (27.9%) $166,110 (20.1%) 0.00 106
    2022-12-01 $129,700 (43.2%) $194,273 (40.5%) 0.00 99
    2023-01-01 $127,175 (35.3%) $190,873 (35.5%) 0.00 93
    2023-02-01 $128,175 (30.5%) $190,087 (27.9%) 0.00 80
    2023-03-01 $128,725 (19.8%) $193,138 (14.3%) 0.00 72
    2023-04-01 $132,200 (3.3%) $196,896 (2.4%) 0.00 73
    2023-05-01 $133,950 (5.6%) $192,493 (2.3%) 0.00 75
    2023-06-01 $150,875 (16.0%) $206,635 (6.6%) 0.00 86
    2023-07-01 $160,000 (23.2%) $218,452 (16.6%) 0.00 98
    2023-08-01 $151,225 (14.5%) $242,005 (29.7%) 0.00 104
    2023-09-01 $157,000 (28.2%) $245,743 (36.1%) 0.00 106
    2023-10-01 $167,675 (39.9%) $245,934 (49.7%) 0.00 100
    2023-11-01 $148,000 (18.4%) $227,094 (36.7%) 0.00 105
    2023-12-01 $135,000 (4.1%) $226,585 (16.6%) 0.00 97
    2024-01-01 $135,000 (6.2%) $215,147 (12.7%) 0.00 92
    2024-02-01 $135,000 (5.3%) $208,920 (9.9%) 0.00 84
    2024-03-01 $140,000 (8.8%) $206,627 (7.0%) 0.00 87
    2024-04-01 $142,750 (8.0%) $217,051 (10.2%) 0.00 79
    2024-05-01 $154,950 (15.7%) $219,850 (14.2%) 0.00 70
    2024-06-01 $169,900 (12.6%) $236,791 (14.6%) 0.00 74
    2024-07-01 $193,725 (21.1%) $238,629 (9.2%) 0.00 84
    2024-08-01 $189,900 (25.6%) $247,458 (2.3%) 0.00 96
    2024-09-01 $183,250 (16.7%) $249,087 (1.4%) 0.00 103
    2024-10-01 $173,575 (3.5%) $249,096 (1.3%) 0.00 115
    2024-11-01 $169,000 (14.2%) $238,879 (5.2%) 0.00 122
    2024-12-01 $153,725 (13.9%) $223,417 (-1.4%) 0.00 119
    2025-01-01 $149,925 (11.1%) $221,408 (2.9%) 0.00 112
    Oil City's median listing price for 2025-01-01 was $149,925, a difference of $14,925 (11.1%) versus the prior year and $-3,800 versus the prior month.

    Oil City's median listing price comes in at 0% of the national average.

    Oil City's average listing price for 2025-01-01 was $221,408, a difference of $6,261 (2.9%) versus the prior year and $-2,009 versus the prior month.

    For the 2025-01-01 period, Oil City had 112 MLS listings, a difference of -7 listings (-6%) versus the prior month and 20 listings (22%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Oil City (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,510 sqft
    2018-02-01 0 days 1,509 sqft
    2018-03-01 0 days 1,496 sqft
    2018-04-01 0 days 1,497 sqft
    2018-05-01 0 days 1,514 sqft
    2018-06-01 0 days 1,522 sqft
    2018-07-01 0 days 1,534 sqft
    2018-08-01 0 days 1,537 sqft
    2018-09-01 0 days 1,537 sqft
    2018-10-01 0 days 1,522 sqft
    2018-11-01 0 days 1,528 sqft
    2018-12-01 0 days 1,528 sqft
    2019-01-01 0 days 1,512 sqft
    2019-02-01 0 days 1,512 sqft
    2019-03-01 0 days 1,519 sqft
    2019-04-01 0 days 1,513 sqft
    2019-05-01 0 days 1,489 sqft
    2019-06-01 0 days 1,498 sqft
    2019-07-01 0 days 1,508 sqft
    2019-08-01 0 days 1,508 sqft
    2019-09-01 0 days 1,497 sqft
    2019-10-01 0 days 1,504 sqft
    2019-11-01 0 days 1,539 sqft
    2019-12-01 0 days 1,537 sqft
    2020-01-01 0 days 1,538 sqft
    2020-02-01 0 days 1,538 sqft
    2020-03-01 0 days 1,502 sqft
    2020-04-01 0 days 1,455 sqft
    2020-05-01 0 days 1,488 sqft
    2020-06-01 0 days 1,527 sqft
    2020-07-01 0 days 1,549 sqft
    2020-08-01 0 days 1,496 sqft
    2020-09-01 0 days 1,464 sqft
    2020-10-01 0 days 1,459 sqft
    2020-11-01 0 days 1,541 sqft
    2020-12-01 0 days 1,549 sqft
    2021-01-01 0 days 1,561 sqft
    2021-02-01 0 days 1,588 sqft
    2021-03-01 0 days 1,581 sqft
    2021-04-01 0 days 1,581 sqft
    2021-05-01 0 days 1,608 sqft
    2021-06-01 0 days 1,566 sqft
    2021-07-01 0 days 1,537 sqft
    2021-08-01 0 days 1,630 sqft
    2021-09-01 0 days 1,489 sqft
    2021-10-01 0 days 1,456 sqft
    2021-11-01 0 days 1,458 sqft
    2021-12-01 0 days 1,477 sqft
    2022-01-01 0 days 1,529 sqft
    2022-02-01 0 days 1,513 sqft
    2022-03-01 0 days 1,514 sqft
    2022-04-01 0 days 1,544 sqft
    2022-05-01 0 days 1,544 sqft
    2022-06-01 0 days 1,515 sqft
    2022-07-01 0 days 1,448 sqft
    2022-08-01 0 days 1,472 sqft
    2022-09-01 0 days 1,407 sqft
    2022-10-01 0 days 1,500 sqft
    2022-11-01 0 days 1,498 sqft
    2022-12-01 0 days 1,536 sqft
    2023-01-01 0 days 1,560 sqft
    2023-02-01 0 days 1,556 sqft
    2023-03-01 0 days 1,469 sqft
    2023-04-01 0 days 1,407 sqft
    2023-05-01 0 days 1,443 sqft
    2023-06-01 0 days 1,472 sqft
    2023-07-01 0 days 1,574 sqft
    2023-08-01 0 days 1,616 sqft
    2023-09-01 0 days 1,628 sqft
    2023-10-01 0 days 1,629 sqft
    2023-11-01 0 days 1,631 sqft
    2023-12-01 0 days 1,700 sqft
    2024-01-01 0 days 1,682 sqft
    2024-02-01 0 days 1,676 sqft
    2024-03-01 0 days 1,632 sqft
    2024-04-01 0 days 1,752 sqft
    2024-05-01 0 days 1,691 sqft
    2024-06-01 0 days 1,512 sqft
    2024-07-01 0 days 1,543 sqft
    2024-08-01 0 days 1,549 sqft
    2024-09-01 0 days 1,624 sqft
    2024-10-01 0 days 1,773 sqft
    2024-11-01 0 days 1,778 sqft
    2024-12-01 0 days 1,560 sqft
    2025-01-01 0 days 1,557 sqft
    Oil City's median listing age (time on market) for 2025-01-01 was 0 days.

    Oil City's median square footage for active listings during the 2025-01-01 period was 1,557 sqft. One year prior, the average listing was 1,682 sqft.