Pittsburgh USDA Loan Rates, Closing Costs & Stats
PITTSBURGH, 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.
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
5.91%
for the week of 2024-10-11, compared to the national average (all USDA variants) of
6.08% for the same period.
Pittsburgh's average USDA mortgage closing costs are $5,260.
The average rate for the prior week (2024-10-04) was
6.01% and
one month ago for the week of 2024-09-06, the
average rate was 5.89%.
The average rate one year ago was 7.49%.
For refis of the same type during the week of 2024-10-11, the average rate
was 6.13%.
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.
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. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $169,900 (11.2%) | $260,197 (6.9%) | 0.63 | 7,641 |
2018-02-01 | $169,900 (9.7%) | $265,316 (6.6%) | 0.62 | 7,160 |
2018-03-01 | $179,900 (11.4%) | $279,002 (7.6%) | 0.63 | 6,925 |
2018-04-01 | $184,900 (9.4%) | $285,004 (7.5%) | 0.63 | 6,961 |
2018-05-01 | $188,375 (9.4%) | $288,647 (7.4%) | 0.63 | 7,196 |
2018-06-01 | $184,900 (5.7%) | $282,702 (5.0%) | 0.62 | 7,538 |
2018-07-01 | $183,750 (2.1%) | $281,232 (4.0%) | 0.61 | 7,818 |
2018-08-01 | $182,400 (2.2%) | $277,909 (3.9%) | 0.61 | 7,963 |
2018-09-01 | $179,900 (2.8%) | $275,367 (3.8%) | 0.60 | 8,057 |
2018-10-01 | $179,450 (2.6%) | $272,269 (3.9%) | 0.61 | 8,183 |
2018-11-01 | $174,950 (0.0%) | $270,349 (2.6%) | 0.59 | 7,937 |
2018-12-01 | $169,900 (-0.1%) | $272,128 (4.6%) | 0.59 | 7,394 |
2019-01-01 | $169,900 (0.0%) | $272,520 (4.7%) | 0.59 | 6,999 |
2019-02-01 | $173,700 (2.2%) | $278,319 (4.9%) | 0.59 | 6,566 |
2019-03-01 | $181,929 (1.1%) | $289,869 (3.9%) | 0.59 | 6,381 |
2019-04-01 | $189,450 (2.5%) | $297,075 (4.2%) | 0.60 | 6,375 |
2019-05-01 | $196,000 (4.1%) | $302,227 (4.7%) | 0.61 | 6,525 |
2019-06-01 | $199,900 (8.1%) | $304,008 (7.5%) | 0.62 | 6,886 |
2019-07-01 | $199,900 (8.8%) | $301,682 (7.3%) | 0.63 | 7,163 |
2019-08-01 | $199,655 (9.5%) | $299,674 (7.8%) | 0.63 | 7,234 |
2019-09-01 | $199,286 (10.8%) | $297,740 (8.1%) | 0.64 | 7,360 |
2019-10-01 | $199,000 (10.9%) | $297,386 (9.2%) | 0.64 | 7,444 |
2019-11-01 | $194,000 (10.9%) | $299,103 (10.6%) | 0.64 | 7,132 |
2019-12-01 | $189,900 (11.8%) | $296,088 (8.8%) | 0.63 | 6,588 |
2020-01-01 | $190,125 (11.9%) | $303,760 (11.5%) | 0.64 | 6,159 |
2020-02-01 | $200,000 (15.1%) | $317,723 (14.2%) | 0.65 | 5,703 |
2020-03-01 | $214,950 (18.2%) | $327,937 (13.1%) | 0.67 | 5,449 |
2020-04-01 | $216,850 (14.5%) | $325,812 (9.7%) | 0.68 | 5,305 |
2020-05-01 | $225,000 (14.8%) | $329,035 (8.9%) | 0.68 | 5,485 |
2020-06-01 | $242,500 (21.3%) | $349,353 (14.9%) | 0.71 | 5,252 |
2020-07-01 | $249,450 (24.8%) | $358,188 (18.7%) | 0.72 | 4,978 |
2020-08-01 | $249,000 (24.7%) | $355,499 (18.6%) | 0.71 | 4,896 |
2020-09-01 | $243,950 (22.4%) | $355,825 (19.5%) | 0.70 | 4,874 |
2020-10-01 | $239,900 (20.6%) | $357,081 (20.1%) | 0.69 | 4,724 |
2020-11-01 | $239,450 (23.4%) | $354,996 (18.7%) | 0.70 | 4,372 |
2020-12-01 | $234,900 (23.7%) | $358,137 (21.0%) | 0.70 | 3,920 |
2021-01-01 | $239,000 (25.7%) | $368,453 (21.3%) | 0.71 | 3,402 |
2021-02-01 | $245,000 (22.5%) | $390,979 (23.1%) | 0.71 | 2,806 |
2021-03-01 | $249,900 (16.3%) | $405,813 (23.8%) | 0.71 | 2,691 |
2021-04-01 | $259,812 (19.8%) | $412,056 (26.5%) | 0.70 | 2,791 |
2021-05-01 | $260,000 (15.6%) | $407,935 (24.0%) | 0.69 | 2,962 |
2021-06-01 | $257,075 (6.0%) | $395,403 (13.2%) | 0.68 | 3,363 |
2021-07-01 | $239,900 (-3.8%) | $369,072 (3.0%) | 0.63 | 3,912 |
2021-08-01 | $229,900 (-7.7%) | $347,609 (-2.2%) | 0.61 | 4,191 |
2021-09-01 | $227,000 (-7.0%) | $341,042 (-4.2%) | 0.61 | 4,331 |
2021-10-01 | $225,000 (-6.2%) | $341,720 (-4.3%) | 0.60 | 4,241 |
2021-11-01 | $219,000 (-8.5%) | $338,090 (-4.8%) | 0.59 | 3,951 |
2021-12-01 | $209,900 (-10.6%) | $335,818 (-6.2%) | 0.57 | 3,492 |
2022-01-01 | $205,000 (-14.2%) | $343,579 (-6.8%) | 0.55 | 2,992 |
2022-02-01 | $214,900 (-12.3%) | $362,623 (-7.3%) | 0.56 | 2,555 |
2022-03-01 | $219,950 (-12.0%) | $371,259 (-8.5%) | 0.55 | 2,484 |
2022-04-01 | $225,000 (-13.4%) | $373,309 (-9.4%) | 0.54 | 2,600 |
2022-05-01 | $239,900 (-7.7%) | $370,445 (-9.2%) | 0.55 | 3,128 |
2022-06-01 | $239,900 (-6.7%) | $365,436 (-7.6%) | 0.53 | 3,530 |
2022-07-01 | $239,900 (0.0%) | $361,240 (-2.1%) | 0.54 | 4,024 |
2022-08-01 | $232,500 (1.1%) | $349,765 (0.6%) | 0.54 | 4,281 |
2022-09-01 | $225,000 (-0.9%) | $337,936 (-0.9%) | 0.53 | 4,405 |
2022-10-01 | $219,900 (-2.3%) | $328,287 (-3.9%) | 0.52 | 4,582 |
2022-11-01 | $218,950 (0.0%) | $327,304 (-3.2%) | 0.53 | 4,536 |
2022-12-01 | $209,698 (-0.1%) | $324,476 (-3.4%) | 0.52 | 4,186 |
2023-01-01 | $199,950 (-2.5%) | $326,334 (-5.0%) | 0.50 | 3,706 |
2023-02-01 | $200,000 (-6.9%) | $335,855 (-7.4%) | 0.48 | 3,307 |
2023-03-01 | $215,000 (-2.3%) | $347,938 (-6.3%) | 0.51 | 3,156 |
2023-04-01 | $225,000 (0.0%) | $358,425 (-4.0%) | 0.52 | 3,278 |
2023-05-01 | $238,125 (-0.7%) | $370,023 (-0.1%) | 0.54 | 3,241 |
2023-06-01 | $239,950 (0.0%) | $386,111 (5.7%) | 0.54 | 3,496 |
2023-07-01 | $249,000 (3.8%) | $384,586 (6.5%) | 0.57 | 3,671 |
2023-08-01 | $249,900 (7.5%) | $395,709 (13.1%) | 0.57 | 3,831 |
2023-09-01 | $248,750 (10.6%) | $390,618 (15.6%) | 0.58 | 4,075 |
2023-10-01 | $246,750 (12.2%) | $387,649 (18.1%) | 0.58 | 4,358 |
2023-11-01 | $239,900 (9.6%) | $384,098 (17.4%) | 0.57 | 4,431 |
2023-12-01 | $239,000 (14.0%) | $388,298 (19.7%) | 0.58 | 4,175 |
2024-01-01 | $234,950 (17.5%) | $387,140 (18.6%) | 0.57 | 3,837 |
2024-02-01 | $232,450 (16.2%) | $395,913 (17.9%) | 0.56 | 3,509 |
2024-03-01 | $239,900 (11.6%) | $408,105 (17.3%) | 0.56 | 3,496 |
2024-04-01 | $249,900 (11.1%) | $411,961 (14.9%) | 0.58 | 3,499 |
2024-05-01 | $263,725 (10.8%) | $416,635 (12.6%) | 0.60 | 3,741 |
2024-06-01 | $259,900 (8.3%) | $406,082 (5.2%) | 0.58 | 3,990 |
2024-07-01 | $252,125 (1.3%) | $385,240 (0.2%) | 0.58 | 4,422 |
2024-08-01 | $245,000 (-2.0%) | $366,876 (-7.3%) | 0.57 | 4,754 |
2024-09-01 | $245,000 (-1.5%) | $364,207 (-6.8%) | 0.58 | 4,938 |
Pittsburgh's median listing price comes in at 58% of the national average.
Pittsburgh's average listing price for 2024-09-01 was $364,207, a difference of $-26,411 (-6.8%) versus the prior year and $-2,669 versus the prior month.
For the 2024-09-01 period, Pittsburgh had 4,938 MLS listings, a difference of 184 listings (4%) versus the prior month and 863 listings (21%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Pittsburgh (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 109 days | 1,665 sqft |
2018-02-01 | 111 days | 1,679 sqft |
2018-03-01 | 96 days | 1,704 sqft |
2018-04-01 | 70 days | 1,742 sqft |
2018-05-01 | 62 days | 1,745 sqft |
2018-06-01 | 57 days | 1,726 sqft |
2018-07-01 | 59 days | 1,701 sqft |
2018-08-01 | 63 days | 1,688 sqft |
2018-09-01 | 69 days | 1,696 sqft |
2018-10-01 | 73 days | 1,671 sqft |
2018-11-01 | 77 days | 1,664 sqft |
2018-12-01 | 88 days | 1,644 sqft |
2019-01-01 | 102 days | 1,632 sqft |
2019-02-01 | 104 days | 1,645 sqft |
2019-03-01 | 88 days | 1,674 sqft |
2019-04-01 | 65 days | 1,683 sqft |
2019-05-01 | 58 days | 1,710 sqft |
2019-06-01 | 57 days | 1,723 sqft |
2019-07-01 | 59 days | 1,729 sqft |
2019-08-01 | 61 days | 1,720 sqft |
2019-09-01 | 65 days | 1,709 sqft |
2019-10-01 | 67 days | 1,697 sqft |
2019-11-01 | 73 days | 1,678 sqft |
2019-12-01 | 87 days | 1,659 sqft |
2020-01-01 | 96 days | 1,678 sqft |
2020-02-01 | 95 days | 1,705 sqft |
2020-03-01 | 74 days | 1,718 sqft |
2020-04-01 | 83 days | 1,731 sqft |
2020-05-01 | 88 days | 1,760 sqft |
2020-06-01 | 83 days | 1,796 sqft |
2020-07-01 | 53 days | 1,790 sqft |
2020-08-01 | 53 days | 1,771 sqft |
2020-09-01 | 53 days | 1,739 sqft |
2020-10-01 | 56 days | 1,711 sqft |
2020-11-01 | 64 days | 1,679 sqft |
2020-12-01 | 74 days | 1,679 sqft |
2021-01-01 | 87 days | 1,676 sqft |
2021-02-01 | 87 days | 1,681 sqft |
2021-03-01 | 65 days | 1,700 sqft |
2021-04-01 | 44 days | 1,704 sqft |
2021-05-01 | 44 days | 1,701 sqft |
2021-06-01 | 40 days | 1,692 sqft |
2021-07-01 | 39 days | 1,632 sqft |
2021-08-01 | 41 days | 1,606 sqft |
2021-09-01 | 46 days | 1,599 sqft |
2021-10-01 | 50 days | 1,585 sqft |
2021-11-01 | 55 days | 1,565 sqft |
2021-12-01 | 65 days | 1,554 sqft |
2022-01-01 | 78 days | 1,560 sqft |
2022-02-01 | 78 days | 1,612 sqft |
2022-03-01 | 57 days | 1,609 sqft |
2022-04-01 | 39 days | 1,627 sqft |
2022-05-01 | 37 days | 1,626 sqft |
2022-06-01 | 37 days | 1,621 sqft |
2022-07-01 | 39 days | 1,626 sqft |
2022-08-01 | 44 days | 1,617 sqft |
2022-09-01 | 50 days | 1,587 sqft |
2022-10-01 | 54 days | 1,573 sqft |
2022-11-01 | 59 days | 1,568 sqft |
2022-12-01 | 72 days | 1,548 sqft |
2023-01-01 | 86 days | 1,542 sqft |
2023-02-01 | 89 days | 1,542 sqft |
2023-03-01 | 64 days | 1,573 sqft |
2023-04-01 | 46 days | 1,602 sqft |
2023-05-01 | 46 days | 1,614 sqft |
2023-06-01 | 47 days | 1,636 sqft |
2023-07-01 | 47 days | 1,632 sqft |
2023-08-01 | 48 days | 1,653 sqft |
2023-09-01 | 51 days | 1,620 sqft |
2023-10-01 | 51 days | 1,608 sqft |
2023-11-01 | 53 days | 1,595 sqft |
2023-12-01 | 66 days | 1,571 sqft |
2024-01-01 | 79 days | 1,571 sqft |
2024-02-01 | 75 days | 1,578 sqft |
2024-03-01 | 55 days | 1,592 sqft |
2024-04-01 | 51 days | 1,610 sqft |
2024-05-01 | 44 days | 1,663 sqft |
2024-06-01 | 44 days | 1,648 sqft |
2024-07-01 | 46 days | 1,607 sqft |
2024-08-01 | 47 days | 1,596 sqft |
2024-09-01 | 50 days | 1,590 sqft |
Pittsburgh's median square footage for active listings during the 2024-09-01 period was 1,590 sqft. One year prior, the average listing was 1,620 sqft.