Pittsburgh USDA Loan Rates, Closing Costs & Stats

PITTSBURGH, PA

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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.

    Pittsburgh's 47 lenders originated 306 USDA loans during 2023. The total origination value was $43,470,000, with an average USDA loan value of $142,059.

    Pittsburgh USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Pittsburgh 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.

    Pittsburgh's average USDA mortgage closing costs are $5,260.

    The average rate for the prior week (2025-02-07) was 6.62% and one month ago for the week of 2025-01-10, the average rate was 6.56%.

    The average rate one year ago was 6.55%.

    For refis of the same type during the week of 2025-02-14, the average rate was 6.37%.

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

    Pittsburgh 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 Pittsburgh level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    PLAZA HOME MORTGAGE, INC. 49 6.60% $7,012
    DEVELOPER'S MORTGAGE COMPANY 24 6.43% $4,310
    EQUITY RESOURCES, INC. 18 6.62% $5,631
    UNITED WHOLESALE MORTGAGE, LLC 17 6.08% $7,406
    UNION HOME MORTGAGE CORP. 15 6.43% $7,105
    Victorian Finance, LLC 14 6.10% $8,819
    RELIANCE FIRST CAPITAL, LLC 12 6.39% $5,808
    Sail Mortgage Corp. 11 6.59% $5,417
    SOMERSET TRUST COMPANY 10 6.24% $5,044
    STOCKTON MORTGAGE CORPORATION 9 6.50% $7,644
    Paramount Residential Mortgage Group, Inc. 8 6.80% $6,442
    Citizens Bank 8 6.48% $6,315
    AMCAP MORTGAGE, LTD. 7 6.18% $6,562
    NORWICH COMMERCIAL GROUP, INC. 7 6.50% $5,635
    CROSSCOUNTRY MORTGAGE, LLC 6 6.31% $7,481
    HOWARD HANNA FINANCIAL SERVICES, INC. 6 6.23% $5,269
    Flagstar Bank, FSB 6 6.71% $5,062
    WEST PENN FINANCIAL SERVICE CENTER, INC. 5 6.35% $5,671
    First Commonwealth Bank 5 6.40% $6,763
    First National Bank of Pennsylvania 5 6.10% $6,582
    WELCOME HOME FINANCE, L.P. 5 5.95% $2,073
    SOUTHPOINT FINANCIAL SERVICES, INC. 4 6.28% $6,664
    TOWNE MORTGAGE COMPANY 4 6.22% $7,316
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 4 6.84% $7,902
    Union Savings Bank 4 6.53% $5,370
    NEWREZ LLC 3 6.92% $8,341
    WesBanco 3 6.42% $6,606
    HOMEBRIDGE FINANCIAL SERVICES, INC. 3 5.96% $7,840
    Wells Fargo Bank 2 6.69% $1,643
    BAY EQUITY LLC 2 6.25% $6,762
    Bank of England 2 5.75% $7,373
    First Federal Bank of the Midwest 2 5.94% $7,940
    GUARANTEED RATE AFFINITY, LLC 2 6.06% $7,627
    Equity Prime Mortgage LLC 2 6.56% $6,612
    PNC Bank 1 6.75% $4,530
    GUARANTEED RATE, INC. 1 6.75% $7,472
    MICHIGAN MUTUAL, INC. 1 6.13% $8,404
    Mortgage Research Center, LLC 1 7.13% $2,644
    MOVEMENT MORTGAGE, LLC 1 7.13% $6,595
    EVANSVILLE TEACHERS 1 6.00% $5,386
    FEDERATED MORTGAGE CORP. 1 7.13% $5,971
    DAS Acquisition Company, LLC 1 6.63% $8,391
    RUOFF MORTGAGE COMPANY, INC. 1 7.25% $1,258
    Community Bank 1 6.50% $3,767
    Carrington Mortgage Services, LLC 1 6.13% $9,431
    The Huntington National Bank 1 6.25% $6,254
    AXIA FINANCIAL, LLC 1 4.13% $8,690

    The top Pittsburgh USDA lender as defined by loan originations is PLAZA HOME MORTGAGE, INC., with 49 USDA loans originated. Their average total fees are $7,012, which is $2,702 higher than the next largest lender, DEVELOPER'S MORTGAGE COMPANY.

    The lowest fee Pittsburgh USDA lenders (with over 10 loans originated) are DEVELOPER'S MORTGAGE COMPANY ($4,310), SOMERSET TRUST COMPANY ($5,044), Sail Mortgage Corp. ($5,417), EQUITY RESOURCES, INC. ($5,631) and RELIANCE FIRST CAPITAL, LLC ($5,808).

    The lowest rate Pittsburgh USDA lenders (with over 10 loans originated) are UNITED WHOLESALE MORTGAGE, LLC (6.08%), Victorian Finance, LLC (6.10%), SOMERSET TRUST COMPANY (6.24%), RELIANCE FIRST CAPITAL, LLC (6.39%) and DEVELOPER'S MORTGAGE COMPANY (6.43%).

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Pittsburgh (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 $164,900 (10.0%) $253,086 (6.7%) 0.63 8,085
    2018-02-01 $164,950 (10.0%) $257,747 (6.3%) 0.62 7,591
    2018-03-01 $170,000 (7.4%) $270,131 (6.9%) 0.63 7,364
    2018-04-01 $177,763 (9.4%) $276,303 (7.0%) 0.63 7,399
    2018-05-01 $179,900 (6.9%) $279,875 (6.9%) 0.63 7,652
    2018-06-01 $179,500 (5.7%) $274,570 (4.8%) 0.62 8,006
    2018-07-01 $179,075 (4.2%) $273,546 (3.8%) 0.61 8,274
    2018-08-01 $177,450 (4.4%) $270,314 (3.9%) 0.61 8,458
    2018-09-01 $175,000 (3.0%) $267,857 (3.8%) 0.60 8,542
    2018-10-01 $174,900 (2.9%) $265,036 (4.0%) 0.61 8,659
    2018-11-01 $169,900 (0.0%) $262,671 (2.3%) 0.59 8,425
    2018-12-01 $165,000 (0.0%) $264,090 (4.4%) 0.59 7,868
    2019-01-01 $164,900 (0.0%) $263,870 (4.3%) 0.59 7,442
    2019-02-01 $167,000 (1.2%) $269,145 (4.4%) 0.59 6,994
    2019-03-01 $175,912 (3.5%) $279,980 (3.7%) 0.59 6,808
    2019-04-01 $182,926 (2.9%) $287,081 (3.9%) 0.60 6,806
    2019-05-01 $187,700 (4.3%) $292,170 (4.4%) 0.61 6,950
    2019-06-01 $194,900 (8.6%) $294,499 (7.3%) 0.62 7,310
    2019-07-01 $195,725 (9.3%) $292,397 (6.9%) 0.63 7,593
    2019-08-01 $193,636 (9.1%) $290,502 (7.5%) 0.63 7,667
    2019-09-01 $191,591 (9.5%) $289,005 (7.9%) 0.64 7,792
    2019-10-01 $190,000 (8.6%) $288,931 (9.0%) 0.64 7,876
    2019-11-01 $189,900 (11.8%) $291,081 (10.8%) 0.64 7,549
    2019-12-01 $184,400 (11.8%) $287,407 (8.8%) 0.63 6,985
    2020-01-01 $187,500 (13.7%) $294,570 (11.6%) 0.64 6,531
    2020-02-01 $195,875 (17.3%) $307,955 (14.4%) 0.65 6,052
    2020-03-01 $206,450 (17.4%) $317,205 (13.3%) 0.67 5,801
    2020-04-01 $209,350 (14.5%) $315,374 (9.9%) 0.68 5,658
    2020-05-01 $215,000 (14.5%) $318,045 (8.9%) 0.68 5,808
    2020-06-01 $237,400 (21.8%) $339,385 (15.2%) 0.71 5,542
    2020-07-01 $239,950 (22.6%) $348,076 (19.0%) 0.72 5,252
    2020-08-01 $239,900 (23.9%) $345,665 (19.0%) 0.71 5,153
    2020-09-01 $237,625 (24.0%) $347,324 (20.2%) 0.70 5,110
    2020-10-01 $234,900 (23.6%) $346,859 (20.1%) 0.69 4,988
    2020-11-01 $230,000 (21.1%) $344,955 (18.5%) 0.70 4,616
    2020-12-01 $228,450 (23.9%) $347,861 (21.0%) 0.70 4,146
    2021-01-01 $229,900 (22.6%) $357,764 (21.5%) 0.71 3,586
    2021-02-01 $239,900 (22.5%) $380,703 (23.6%) 0.71 2,954
    2021-03-01 $249,000 (20.6%) $396,728 (25.1%) 0.71 2,812
    2021-04-01 $250,000 (19.4%) $402,935 (27.8%) 0.70 2,909
    2021-05-01 $259,900 (20.9%) $401,434 (26.2%) 0.69 3,070
    2021-06-01 $252,500 (6.4%) $387,612 (14.2%) 0.68 3,500
    2021-07-01 $239,900 (0.0%) $363,011 (4.3%) 0.63 4,068
    2021-08-01 $225,450 (-6.0%) $340,785 (-1.4%) 0.61 4,373
    2021-09-01 $224,950 (-5.3%) $335,307 (-3.5%) 0.61 4,494
    2021-10-01 $223,900 (-4.7%) $335,536 (-3.3%) 0.60 4,415
    2021-11-01 $215,000 (-6.5%) $332,547 (-3.6%) 0.59 4,122
    2021-12-01 $204,950 (-10.3%) $329,682 (-5.2%) 0.57 3,647
    2022-01-01 $200,000 (-13.0%) $337,393 (-5.7%) 0.55 3,133
    2022-02-01 $210,000 (-12.5%) $355,820 (-6.5%) 0.56 2,675
    2022-03-01 $217,450 (-12.7%) $364,371 (-8.2%) 0.55 2,586
    2022-04-01 $224,900 (-10.0%) $365,992 (-9.2%) 0.54 2,716
    2022-05-01 $237,000 (-8.8%) $364,385 (-9.2%) 0.55 3,240
    2022-06-01 $239,175 (-5.3%) $359,266 (-7.3%) 0.53 3,672
    2022-07-01 $235,000 (-2.0%) $353,973 (-2.5%) 0.54 4,213
    2022-08-01 $229,900 (2.0%) $343,521 (0.8%) 0.54 4,469
    2022-09-01 $220,000 (-2.2%) $331,452 (-1.2%) 0.53 4,611
    2022-10-01 $215,000 (-4.0%) $321,944 (-4.1%) 0.52 4,799
    2022-11-01 $214,950 (0.0%) $321,432 (-3.3%) 0.53 4,741
    2022-12-01 $200,000 (-2.4%) $321,326 (-2.5%) 0.52 4,391
    2023-01-01 $199,450 (-0.3%) $323,510 (-4.1%) 0.50 3,889
    2023-02-01 $199,900 (-4.8%) $331,540 (-6.8%) 0.48 3,460
    2023-03-01 $210,000 (-3.4%) $341,356 (-6.3%) 0.51 3,303
    2023-04-01 $224,900 (0.0%) $355,027 (-3.0%) 0.52 3,418
    2023-05-01 $230,000 (-3.0%) $363,330 (-0.3%) 0.54 3,380
    2023-06-01 $235,000 (-1.8%) $378,302 (5.3%) 0.54 3,649
    2023-07-01 $242,950 (3.4%) $376,687 (6.4%) 0.57 3,827
    2023-08-01 $246,850 (7.4%) $388,181 (13.0%) 0.57 3,989
    2023-09-01 $239,900 (9.1%) $383,782 (15.8%) 0.58 4,235
    2023-10-01 $239,900 (11.6%) $379,839 (18.0%) 0.58 4,535
    2023-11-01 $235,000 (9.3%) $376,261 (17.1%) 0.57 4,617
    2023-12-01 $230,000 (15.0%) $379,936 (18.2%) 0.58 4,348
    2024-01-01 $229,900 (15.3%) $378,304 (16.9%) 0.57 4,018
    2024-02-01 $227,000 (13.6%) $385,693 (16.3%) 0.56 3,683
    2024-03-01 $234,750 (11.8%) $399,327 (17.0%) 0.56 3,649
    2024-04-01 $242,500 (7.8%) $404,626 (14.0%) 0.58 3,633
    2024-05-01 $257,450 (11.9%) $406,720 (11.9%) 0.60 3,857
    2024-06-01 $255,000 (8.5%) $396,399 (4.8%) 0.58 4,118
    2024-07-01 $250,000 (2.9%) $379,249 (0.7%) 0.58 4,595
    2024-08-01 $239,900 (-2.8%) $361,107 (-7.0%) 0.57 4,930
    2024-09-01 $239,900 (0.0%) $357,436 (-6.9%) 0.58 5,156
    2024-10-01 $239,900 (0.0%) $355,577 (-6.4%) 0.57 5,412
    2024-11-01 $235,000 (0.0%) $342,040 (-9.1%) 0.58 5,472
    2024-12-01 $229,925 (0.0%) $340,091 (-10.5%) 0.58 5,019
    2025-01-01 $229,700 (-0.1%) $340,635 (-10.0%) 0.00 4,575
    Pittsburgh's median listing price for 2025-01-01 was $229,700, a difference of $-200 (-0.1%) versus the prior year and $-225 versus the prior month.

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

    Pittsburgh's average listing price for 2025-01-01 was $340,635, a difference of $-37,669 (-10.0%) versus the prior year and $544 versus the prior month.

    For the 2025-01-01 period, Pittsburgh had 4,575 MLS listings, a difference of -444 listings (-9%) versus the prior month and 557 listings (14%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Pittsburgh (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 109 days 1,656 sqft
    2018-02-01 111 days 1,668 sqft
    2018-03-01 96 days 1,684 sqft
    2018-04-01 70 days 1,723 sqft
    2018-05-01 62 days 1,727 sqft
    2018-06-01 57 days 1,710 sqft
    2018-07-01 59 days 1,692 sqft
    2018-08-01 63 days 1,680 sqft
    2018-09-01 69 days 1,680 sqft
    2018-10-01 73 days 1,663 sqft
    2018-11-01 77 days 1,653 sqft
    2018-12-01 88 days 1,632 sqft
    2019-01-01 102 days 1,622 sqft
    2019-02-01 104 days 1,632 sqft
    2019-03-01 88 days 1,660 sqft
    2019-04-01 65 days 1,665 sqft
    2019-05-01 58 days 1,686 sqft
    2019-06-01 57 days 1,700 sqft
    2019-07-01 59 days 1,705 sqft
    2019-08-01 61 days 1,697 sqft
    2019-09-01 65 days 1,689 sqft
    2019-10-01 67 days 1,681 sqft
    2019-11-01 73 days 1,664 sqft
    2019-12-01 87 days 1,639 sqft
    2020-01-01 96 days 1,656 sqft
    2020-02-01 95 days 1,686 sqft
    2020-03-01 74 days 1,702 sqft
    2020-04-01 83 days 1,713 sqft
    2020-05-01 88 days 1,742 sqft
    2020-06-01 83 days 1,779 sqft
    2020-07-01 53 days 1,774 sqft
    2020-08-01 53 days 1,758 sqft
    2020-09-01 53 days 1,729 sqft
    2020-10-01 56 days 1,693 sqft
    2020-11-01 64 days 1,664 sqft
    2020-12-01 74 days 1,664 sqft
    2021-01-01 87 days 1,657 sqft
    2021-02-01 87 days 1,669 sqft
    2021-03-01 65 days 1,691 sqft
    2021-04-01 44 days 1,699 sqft
    2021-05-01 44 days 1,700 sqft
    2021-06-01 40 days 1,687 sqft
    2021-07-01 39 days 1,632 sqft
    2021-08-01 41 days 1,600 sqft
    2021-09-01 46 days 1,598 sqft
    2021-10-01 50 days 1,584 sqft
    2021-11-01 55 days 1,566 sqft
    2021-12-01 65 days 1,552 sqft
    2022-01-01 78 days 1,560 sqft
    2022-02-01 78 days 1,610 sqft
    2022-03-01 57 days 1,608 sqft
    2022-04-01 39 days 1,620 sqft
    2022-05-01 37 days 1,619 sqft
    2022-06-01 37 days 1,615 sqft
    2022-07-01 39 days 1,615 sqft
    2022-08-01 44 days 1,608 sqft
    2022-09-01 50 days 1,586 sqft
    2022-10-01 54 days 1,569 sqft
    2022-11-01 59 days 1,565 sqft
    2022-12-01 72 days 1,547 sqft
    2023-01-01 86 days 1,538 sqft
    2023-02-01 89 days 1,544 sqft
    2023-03-01 64 days 1,573 sqft
    2023-04-01 46 days 1,600 sqft
    2023-05-01 46 days 1,611 sqft
    2023-06-01 47 days 1,630 sqft
    2023-07-01 47 days 1,633 sqft
    2023-08-01 48 days 1,651 sqft
    2023-09-01 51 days 1,623 sqft
    2023-10-01 51 days 1,604 sqft
    2023-11-01 53 days 1,590 sqft
    2023-12-01 66 days 1,572 sqft
    2024-01-01 79 days 1,571 sqft
    2024-02-01 75 days 1,572 sqft
    2024-03-01 55 days 1,585 sqft
    2024-04-01 51 days 1,605 sqft
    2024-05-01 44 days 1,655 sqft
    2024-06-01 44 days 1,641 sqft
    2024-07-01 46 days 1,600 sqft
    2024-08-01 47 days 1,587 sqft
    2024-09-01 50 days 1,583 sqft
    2024-10-01 52 days 1,558 sqft
    2024-11-01 57 days 1,535 sqft
    2024-12-01 69 days 1,512 sqft
    2025-01-01 0 days 1,510 sqft
    Pittsburgh'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.

    Pittsburgh's median square footage for active listings during the 2025-01-01 period was 1,510 sqft. One year prior, the average listing was 1,571 sqft.