Philadelphia USDA Loan Rates, Closing Costs & Stats

Philadelphia-Camden-Wilmington, PA-NJ-DE-MD

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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.

    Philadelphia's 38 lenders originated 81 USDA loans during 2023. The total origination value was $21,695,000, with an average USDA loan value of $267,840.

    Philadelphia USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Philadelphia averaged 6.29% for the week of 2025-02-14, compared to the national average (all USDA variants) of 6.526% for the same period.

    Philadelphia's average USDA mortgage closing costs are $6,441.

    The average rate for the prior week (2025-02-07) was 6.54% and one month ago for the week of 2025-01-10, the average rate was 6.49%.

    The average rate one year ago was 6.38%.

    For refis of the same type during the week of 2025-02-14, the average rate was 6.74%.

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

    Philadelphia 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 Philadelphia level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    GUILD MORTGAGE COMPANY 12 6.54% $9,262
    GREENTREE MORTGAGE COMPANY, L.P. 4 6.47% $9,607
    NVR Mortgage Finance, Inc. 4 5.63% $11,842
    ABSOLUTE HOME MORTGAGE CORPORATION 4 6.78% $11,587
    1st Colonial Community Bank 3 6.25% $6,534
    CROSSCOUNTRY MORTGAGE, LLC 3 6.50% $8,243
    NATION ONE MORTGAGE CORPORATION 3 6.79% $9,412
    Nations Lending Corporation 3 6.21% $8,474
    NEWREZ LLC 3 6.13% $8,691
    AMERICAN FINANCIAL NETWORK, INC. 2 6.63% $10,699
    Northpointe Bank 2 6.25% $10,168
    First Savings Bank 2 6.50% $8,595
    Acre Mortgage and Financial Inc 2 7.06% $13,920
    FIRST COMMUNITY MORTGAGE, INC. 2 7.25% $5,560
    Keystone Funding, Inc. 2 6.44% $13,014
    UNITED WHOLESALE MORTGAGE, LLC 2 5.69% $14,534
    CALIBER HOME LOANS, INC. 2 6.44% $8,661
    NFM, INC. 2 5.94% $6,443
    Meridian Bank Corporation 1 6.13% $6,873
    MOVEMENT MORTGAGE, LLC 1 5.75% $12,054
    PRIMARY RESIDENTIAL MORTGAGE, INC. 1 6.25% $12,821
    Shore United Bank 1 6.13% $8,570
    NJ LENDERS CORP. 1 7.25% $6,065
    ABERDEEN PROVING GROUND FEDERAL CREDIT UNION 1 5.50% $10,698
    Paramount Residential Mortgage Group, Inc. 1 6.25% $9,452
    Philadelphia Mortgage Advisors, Inc. 1 6.63% $11,060
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 7.00% $3,909
    Bank of England 1 6.25% $6,440
    EMBRACE HOME LOANS, INC. 1 6.25% $10,895
    PLAZA HOME MORTGAGE, INC. 1 6.49% $10,867
    ENVOY MORTGAGE, LTD 1 6.63% $15,222
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 6.75% $8,642
    Flagstar Bank, FSB 1 6.75% $10,080
    Gateway First Bank 1 6.13% $3,670
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 7.13% $9,563
    GUARANTEED RATE, INC. 1 6.75% $11,359
    JERSEY MORTGAGE COMPANY OF NEW JERSEY, INC. 1 5.25% $18,715
    MCLEAN MORTGAGE CORPORATION 1 6.00% $4,736

    The top Philadelphia USDA lender as defined by loan originations is GUILD MORTGAGE COMPANY, with 12 USDA loans originated. Their average total fees are $9,262, which is $345 lower than the next largest lender, GREENTREE MORTGAGE COMPANY, L.P..

    The lowest fee Philadelphia USDA lenders (with over 10 loans originated) are GUILD MORTGAGE COMPANY ($9,262), .

    The lowest rate Philadelphia USDA lenders (with over 10 loans originated) are GUILD MORTGAGE COMPANY (6.54%), .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Philadelphia (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 $229,995 (5.0%) $343,137 (3.1%) 0.85 20,094
    2018-02-01 $236,495 (7.5%) $345,650 (2.6%) 0.86 20,324
    2018-03-01 $240,000 (5.2%) $355,336 (2.9%) 0.84 19,665
    2018-04-01 $249,950 (6.4%) $368,672 (4.1%) 0.85 20,537
    2018-05-01 $264,500 (8.2%) $382,309 (5.4%) 0.88 21,370
    2018-06-01 $269,000 (8.7%) $388,011 (5.6%) 0.90 21,956
    2018-07-01 $269,900 (8.2%) $387,677 (6.0%) 0.90 22,047
    2018-08-01 $262,450 (5.8%) $381,807 (5.9%) 0.88 22,061
    2018-09-01 $260,000 (5.3%) $381,223 (5.4%) 0.87 22,375
    2018-10-01 $264,900 (6.0%) $381,636 (4.1%) 0.90 22,723
    2018-11-01 $262,000 (8.1%) $378,890 (7.1%) 0.89 21,978
    2018-12-01 $253,154 (6.4%) $372,340 (7.2%) 0.87 20,172
    2019-01-01 $249,900 (8.7%) $362,689 (5.7%) 0.86 18,673
    2019-02-01 $250,000 (5.7%) $367,931 (6.5%) 0.84 18,444
    2019-03-01 $263,571 (9.8%) $382,817 (7.7%) 0.86 18,993
    2019-04-01 $275,000 (10.0%) $395,366 (7.2%) 0.87 19,617
    2019-05-01 $285,250 (7.8%) $405,592 (6.1%) 0.89 20,164
    2019-06-01 $289,900 (7.8%) $407,173 (4.9%) 0.91 20,611
    2019-07-01 $286,000 (6.0%) $404,849 (4.4%) 0.90 20,479
    2019-08-01 $288,811 (10.0%) $407,989 (6.9%) 0.91 19,924
    2019-09-01 $294,542 (13.3%) $417,195 (9.4%) 0.94 19,186
    2019-10-01 $298,363 (12.6%) $424,163 (11.1%) 0.96 18,548
    2019-11-01 $294,500 (12.4%) $421,596 (11.3%) 0.97 17,425
    2019-12-01 $285,497 (12.8%) $419,741 (12.7%) 0.95 15,071
    2020-01-01 $284,450 (13.8%) $417,076 (15.0%) 0.95 13,600
    2020-02-01 $289,986 (16.0%) $429,991 (16.9%) 0.95 13,203
    2020-03-01 $299,950 (13.8%) $443,263 (15.8%) 0.94 13,325
    2020-04-01 $299,900 (9.1%) $442,672 (12.0%) 0.94 11,890
    2020-05-01 $309,945 (8.7%) $451,561 (11.3%) 0.94 12,390
    2020-06-01 $327,450 (13.0%) $472,121 (16.0%) 0.96 12,509
    2020-07-01 $339,900 (18.9%) $495,413 (22.4%) 0.99 11,427
    2020-08-01 $339,900 (17.7%) $503,338 (23.4%) 0.97 10,853
    2020-09-01 $339,950 (15.4%) $506,058 (21.3%) 0.97 10,877
    2020-10-01 $344,900 (15.6%) $514,093 (21.2%) 0.99 10,827
    2020-11-01 $337,450 (14.6%) $509,052 (20.7%) 0.99 10,406
    2020-12-01 $325,000 (13.8%) $499,174 (18.9%) 0.97 9,096
    2021-01-01 $320,000 (12.5%) $500,557 (20.0%) 0.96 7,973
    2021-02-01 $320,000 (10.4%) $512,116 (19.1%) 0.93 7,133
    2021-03-01 $325,000 (8.4%) $521,990 (17.8%) 0.92 7,273
    2021-04-01 $336,450 (12.2%) $537,418 (21.4%) 0.91 7,632
    2021-05-01 $339,000 (9.4%) $524,162 (16.1%) 0.90 8,302
    2021-06-01 $330,000 (0.8%) $501,198 (6.2%) 0.87 9,875
    2021-07-01 $325,000 (-4.4%) $483,749 (-2.4%) 0.86 10,685
    2021-08-01 $319,900 (-5.9%) $470,956 (-6.4%) 0.85 10,997
    2021-09-01 $319,500 (-6.0%) $467,997 (-7.5%) 0.85 11,023
    2021-10-01 $319,900 (-7.3%) $470,871 (-8.4%) 0.85 10,710
    2021-11-01 $311,075 (-7.8%) $469,837 (-7.7%) 0.83 9,791
    2021-12-01 $299,950 (-7.7%) $465,502 (-6.8%) 0.81 8,424
    2022-01-01 $299,900 (-6.3%) $476,101 (-4.9%) 0.81 6,980
    2022-02-01 $299,950 (-6.3%) $485,770 (-5.1%) 0.78 6,570
    2022-03-01 $312,000 (-4.0%) $495,481 (-5.1%) 0.78 6,933
    2022-04-01 $325,000 (-3.4%) $500,971 (-6.8%) 0.77 7,331
    2022-05-01 $339,950 (0.3%) $505,785 (-3.5%) 0.78 8,561
    2022-06-01 $348,950 (5.7%) $504,274 (0.6%) 0.78 9,673
    2022-07-01 $345,000 (6.2%) $499,547 (3.3%) 0.78 10,804
    2022-08-01 $339,450 (6.1%) $495,278 (5.2%) 0.78 10,794
    2022-09-01 $335,000 (4.9%) $495,121 (5.8%) 0.78 10,754
    2022-10-01 $335,000 (4.7%) $498,405 (5.9%) 0.79 11,166
    2022-11-01 $331,850 (6.7%) $497,846 (6.0%) 0.80 11,009
    2022-12-01 $325,000 (8.4%) $492,346 (5.8%) 0.80 9,610
    2023-01-01 $322,245 (7.5%) $496,478 (4.3%) 0.80 8,735
    2023-02-01 $322,450 (7.5%) $510,841 (5.2%) 0.78 8,093
    2023-03-01 $328,700 (5.4%) $516,757 (4.3%) 0.77 7,971
    2023-04-01 $339,900 (4.6%) $538,764 (7.5%) 0.79 8,056
    2023-05-01 $349,450 (2.8%) $544,282 (7.6%) 0.79 8,050
    2023-06-01 $354,950 (1.7%) $560,943 (11.2%) 0.80 8,321
    2023-07-01 $350,000 (1.5%) $553,934 (10.9%) 0.80 8,350
    2023-08-01 $350,000 (3.1%) $543,128 (9.7%) 0.80 8,555
    2023-09-01 $350,000 (4.5%) $541,242 (9.3%) 0.81 9,092
    2023-10-01 $350,000 (4.5%) $543,703 (9.1%) 0.82 9,607
    2023-11-01 $349,900 (5.4%) $536,853 (7.8%) 0.83 9,708
    2023-12-01 $340,000 (4.6%) $530,988 (7.9%) 0.83 8,878
    2024-01-01 $337,313 (4.7%) $533,604 (7.5%) 0.82 7,894
    2024-02-01 $339,950 (5.4%) $538,350 (5.4%) 0.82 7,621
    2024-03-01 $349,999 (6.5%) $559,011 (8.2%) 0.82 7,862
    2024-04-01 $369,950 (8.8%) $583,347 (8.3%) 0.86 8,315
    2024-05-01 $379,950 (8.7%) $601,409 (10.5%) 0.86 8,718
    2024-06-01 $395,000 (11.3%) $594,345 (6.0%) 0.89 9,211
    2024-07-01 $389,644 (11.3%) $586,493 (5.9%) 0.89 9,452
    2024-08-01 $382,000 (9.1%) $573,513 (5.6%) 0.89 9,659
    2024-09-01 $379,450 (8.4%) $567,102 (4.8%) 0.89 10,378
    2024-10-01 $376,500 (7.6%) $560,763 (3.1%) 0.89 10,898
    2024-11-01 $372,500 (6.5%) $546,382 (1.8%) 0.89 10,897
    2024-12-01 $358,075 (5.3%) $539,483 (1.6%) 0.89 9,447
    2025-01-01 $352,000 (4.4%) $537,350 (0.7%) 0.00 8,801
    Philadelphia's median listing price for 2025-01-01 was $352,000, a difference of $14,687 (4.4%) versus the prior year and $-6,075 versus the prior month.

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

    Philadelphia's average listing price for 2025-01-01 was $537,350, a difference of $3,746 (0.7%) versus the prior year and $-2,133 versus the prior month.

    For the 2025-01-01 period, Philadelphia had 8,801 MLS listings, a difference of -646 listings (-7%) versus the prior month and 907 listings (11%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Philadelphia (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 81 days 1,700 sqft
    2018-02-01 73 days 1,706 sqft
    2018-03-01 54 days 1,719 sqft
    2018-04-01 52 days 1,755 sqft
    2018-05-01 48 days 1,800 sqft
    2018-06-01 51 days 1,825 sqft
    2018-07-01 57 days 1,826 sqft
    2018-08-01 59 days 1,805 sqft
    2018-09-01 60 days 1,800 sqft
    2018-10-01 60 days 1,800 sqft
    2018-11-01 63 days 1,800 sqft
    2018-12-01 72 days 1,764 sqft
    2019-01-01 79 days 1,751 sqft
    2019-02-01 72 days 1,772 sqft
    2019-03-01 58 days 1,805 sqft
    2019-04-01 46 days 1,829 sqft
    2019-05-01 45 days 1,864 sqft
    2019-06-01 50 days 1,876 sqft
    2019-07-01 57 days 1,855 sqft
    2019-08-01 57 days 1,859 sqft
    2019-09-01 58 days 1,875 sqft
    2019-10-01 58 days 1,884 sqft
    2019-11-01 61 days 1,850 sqft
    2019-12-01 73 days 1,827 sqft
    2020-01-01 79 days 1,800 sqft
    2020-02-01 62 days 1,825 sqft
    2020-03-01 45 days 1,846 sqft
    2020-04-01 58 days 1,830 sqft
    2020-05-01 71 days 1,860 sqft
    2020-06-01 53 days 1,882 sqft
    2020-07-01 43 days 1,875 sqft
    2020-08-01 40 days 1,848 sqft
    2020-09-01 39 days 1,793 sqft
    2020-10-01 45 days 1,778 sqft
    2020-11-01 49 days 1,740 sqft
    2020-12-01 58 days 1,686 sqft
    2021-01-01 64 days 1,636 sqft
    2021-02-01 56 days 1,612 sqft
    2021-03-01 42 days 1,625 sqft
    2021-04-01 35 days 1,659 sqft
    2021-05-01 32 days 1,675 sqft
    2021-06-01 33 days 1,667 sqft
    2021-07-01 37 days 1,650 sqft
    2021-08-01 41 days 1,624 sqft
    2021-09-01 45 days 1,603 sqft
    2021-10-01 45 days 1,598 sqft
    2021-11-01 49 days 1,559 sqft
    2021-12-01 56 days 1,530 sqft
    2022-01-01 61 days 1,506 sqft
    2022-02-01 49 days 1,518 sqft
    2022-03-01 35 days 1,536 sqft
    2022-04-01 33 days 1,547 sqft
    2022-05-01 32 days 1,598 sqft
    2022-06-01 35 days 1,644 sqft
    2022-07-01 38 days 1,620 sqft
    2022-08-01 44 days 1,591 sqft
    2022-09-01 49 days 1,587 sqft
    2022-10-01 49 days 1,598 sqft
    2022-11-01 52 days 1,590 sqft
    2022-12-01 61 days 1,564 sqft
    2023-01-01 67 days 1,547 sqft
    2023-02-01 63 days 1,546 sqft
    2023-03-01 50 days 1,557 sqft
    2023-04-01 44 days 1,564 sqft
    2023-05-01 44 days 1,592 sqft
    2023-06-01 45 days 1,630 sqft
    2023-07-01 45 days 1,620 sqft
    2023-08-01 45 days 1,597 sqft
    2023-09-01 45 days 1,578 sqft
    2023-10-01 44 days 1,597 sqft
    2023-11-01 46 days 1,575 sqft
    2023-12-01 56 days 1,544 sqft
    2024-01-01 66 days 1,533 sqft
    2024-02-01 59 days 1,531 sqft
    2024-03-01 43 days 1,560 sqft
    2024-04-01 40 days 1,604 sqft
    2024-05-01 34 days 1,619 sqft
    2024-06-01 38 days 1,660 sqft
    2024-07-01 44 days 1,667 sqft
    2024-08-01 44 days 1,648 sqft
    2024-09-01 45 days 1,624 sqft
    2024-10-01 43 days 1,617 sqft
    2024-11-01 47 days 1,600 sqft
    2024-12-01 57 days 1,550 sqft
    2025-01-01 0 days 1,537 sqft
    Philadelphia's median listing age (time on market) for 2025-01-01 was 0 days. This is -100% shorter than the same period one year ago.

    Philadelphia's median square footage for active listings during the 2025-01-01 period was 1,537 sqft. One year prior, the average listing was 1,533 sqft.