Philadelphia USDA Loan Rates, Closing Costs & Stats

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

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 31 lenders originated 74 USDA loans during 2024. The total origination value was $22,560,000, with an average USDA loan value of $304,865.

Philadelphia USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Philadelphia averaged 0.29% for the week of 2025-07-04, compared to the national average (all USDA variants) of 0% for the same period.

Philadelphia's average USDA mortgage closing costs are $6,499.

The average rate for the prior week (2025-06-27) was 6.83% and one month ago for the week of 2025-05-30, the average rate was 6.71%.

The average rate one year ago was 6.81%.

For refis of the same type during the week of 2025-07-04, the average rate was 0.08%.

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 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
GUILD MORTGAGE COMPANY 18 6.33% $8,070
CROSSCOUNTRY MORTGAGE, LLC 4 6.00% $7,836
NATION ONE MORTGAGE CORPORATION 4 6.31% $12,225
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 4 6.69% $8,770
GREENTREE MORTGAGE COMPANY, L.P. 3 6.08% $9,792
EMM LOANS LLC 3 6.33% $9,841
Nations Lending Corporation 3 6.29% $9,144
Keystone Funding, Inc. 2 6.38% $14,368
Century Mortgage Company DBA Century Lending Company 2 6.06% $9,901
CMG MORTGAGE, INC. 2 6.44% $11,424
ALLIED MORTGAGE GROUP, INC. 2 6.88% $7,916
ABSOLUTE HOME MORTGAGE CORPORATION 2 6.50% $13,195
NFM, INC. 2 6.44% $9,616
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 6.13% $8,858
Sierra Pacific Mortgage Company, Inc. 1 6.25% $8,797
UNION HOME MORTGAGE CORP. 1 7.13% $12,069
1st Colonial Community Bank 1 6.75% $6,540
UNITED WHOLESALE MORTGAGE, LLC 1 6.75% $8,173
Acre Mortgage and Financial Inc 1 7.25% $13,392
Equity Prime Mortgage LLC 1 6.63% $5,904
Evolve Bank & Trust 1 6.25% $14,738
FIRST COMMUNITY MORTGAGE, INC. 1 6.63% $5,613
FIRST HOME MORTGAGE CORPORATION 1 7.25% $9,088
Fulton Bank 1 6.50% $6,510
GUARANTEED RATE, INC. 1 6.75% $8,883
Meridian Bank Corporation 1 6.38% $9,026
MLD MORTGAGE INC. 1 6.49% $9,890
M&T Bank 1 6.63% $8,923
PIKE CREEK MORTGAGE SERVICES, INC. 1 5.63% $12,439
PRIMELENDING, A PLAINSCAPITAL COMPANY 1 6.25% $8,306
Shore United Bank 1 7.13% $7,522

The top Philadelphia USDA lender as defined by loan originations is GUILD MORTGAGE COMPANY, with 18 USDA loans originated. Their average total fees are $8,070, which is $234 higher than the next largest lender, CROSSCOUNTRY MORTGAGE, LLC.

The lowest fee Philadelphia USDA lenders (with over 10 loans originated) are GUILD MORTGAGE COMPANY ($8,070), .

The lowest rate Philadelphia USDA lenders (with over 10 loans originated) are GUILD MORTGAGE COMPANY (6.33%), .