Reading USDA Loan Rates, Closing Costs & Stats

READING, 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.

    Reading's 6 lenders originated 10 USDA loans during 2023. The total origination value was $1,840,000, with an average USDA loan value of $184,000.

    Reading USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Reading averaged 6.35% for the week of 2025-02-14, compared to the national average (all USDA variants) of 6.526% for the same period.

    Reading's average USDA mortgage closing costs are $5,739.

    The average rate for the prior week (2025-02-07) was 6.31% and one month ago for the week of 2025-01-10, the average rate was 6.65%.

    The average rate one year ago was 6.54%.

    For refis of the same type during the week of 2025-02-14, the average rate was 6.7%.

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

    Reading 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 Reading level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Northpointe Bank 3 6.25% $8,083
    Mortgage America, Inc. 2 6.06% $6,264
    GUARANTEED RATE, INC. 1 6.25% $4,996
    GUILD MORTGAGE COMPANY 1 6.13% $8,417
    MOVEMENT MORTGAGE, LLC 1 7.63% $6,448
    UNITED WHOLESALE MORTGAGE, LLC 1 6.13% $7,533

    The top Reading USDA lender as defined by loan originations is Northpointe Bank, with 3 USDA loans originated. Their average total fees are $8,083, which is $1,819 higher than the next largest lender, Mortgage America, Inc..

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

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

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Reading (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 $171,945 (1.2%) $224,586 (3.4%) 0.64 1,241
    2018-02-01 $174,950 (0.7%) $224,243 (0.6%) 0.64 1,159
    2018-03-01 $179,900 (2.8%) $232,726 (4.0%) 0.63 1,103
    2018-04-01 $186,875 (1.1%) $237,457 (3.7%) 0.63 1,159
    2018-05-01 $199,900 (5.3%) $247,733 (6.8%) 0.67 1,191
    2018-06-01 $209,945 (10.8%) $256,616 (9.7%) 0.70 1,253
    2018-07-01 $209,050 (10.1%) $255,063 (7.8%) 0.70 1,253
    2018-08-01 $210,500 (13.8%) $255,859 (9.0%) 0.71 1,253
    2018-09-01 $209,900 (16.7%) $253,270 (9.3%) 0.71 1,255
    2018-10-01 $209,950 (17.4%) $255,392 (10.2%) 0.71 1,246
    2018-11-01 $209,900 (20.2%) $254,543 (12.6%) 0.71 1,239
    2018-12-01 $204,990 (17.2%) $251,406 (9.4%) 0.71 1,176
    2019-01-01 $199,948 (16.3%) $251,747 (12.1%) 0.69 1,071
    2019-02-01 $199,945 (14.3%) $256,610 (14.4%) 0.68 1,009
    2019-03-01 $208,471 (15.9%) $261,668 (12.4%) 0.68 997
    2019-04-01 $222,400 (19.0%) $268,807 (13.2%) 0.71 987
    2019-05-01 $222,400 (11.3%) $269,733 (8.9%) 0.70 1,006
    2019-06-01 $220,000 (4.8%) $268,946 (4.8%) 0.69 1,030
    2019-07-01 $219,900 (5.2%) $265,874 (4.2%) 0.69 1,095
    2019-08-01 $218,991 (4.0%) $269,232 (5.2%) 0.69 1,077
    2019-09-01 $225,127 (7.3%) $273,995 (8.2%) 0.72 1,043
    2019-10-01 $232,445 (10.7%) $278,665 (9.1%) 0.75 998
    2019-11-01 $235,000 (12.0%) $280,092 (10.0%) 0.77 953
    2019-12-01 $233,725 (14.0%) $281,449 (12.0%) 0.78 841
    2020-01-01 $229,950 (15.0%) $282,298 (12.1%) 0.77 770
    2020-02-01 $247,300 (23.7%) $287,164 (11.9%) 0.81 717
    2020-03-01 $259,900 (24.7%) $297,749 (13.8%) 0.81 675
    2020-04-01 $274,674 (23.5%) $313,591 (16.7%) 0.86 593
    2020-05-01 $259,900 (16.9%) $303,032 (12.4%) 0.79 619
    2020-06-01 $249,950 (13.6%) $306,374 (13.9%) 0.74 587
    2020-07-01 $272,650 (24.0%) $326,195 (22.7%) 0.79 486
    2020-08-01 $270,000 (23.3%) $322,004 (19.6%) 0.77 479
    2020-09-01 $259,975 (15.5%) $317,546 (15.9%) 0.74 477
    2020-10-01 $264,900 (14.0%) $325,747 (16.9%) 0.76 460
    2020-11-01 $267,400 (13.8%) $315,962 (12.8%) 0.78 465
    2020-12-01 $262,400 (12.3%) $311,155 (10.6%) 0.78 432
    2021-01-01 $259,000 (12.6%) $317,005 (12.3%) 0.77 367
    2021-02-01 $284,900 (15.2%) $346,614 (20.7%) 0.83 284
    2021-03-01 $288,450 (11.0%) $354,339 (19.0%) 0.82 274
    2021-04-01 $279,075 (1.6%) $341,853 (9.0%) 0.76 285
    2021-05-01 $274,900 (5.8%) $339,395 (12.0%) 0.73 313
    2021-06-01 $237,748 (-4.9%) $314,874 (2.8%) 0.63 407
    2021-07-01 $249,245 (-8.6%) $322,735 (-1.1%) 0.66 414
    2021-08-01 $246,495 (-8.7%) $315,304 (-2.1%) 0.66 448
    2021-09-01 $242,450 (-6.7%) $312,485 (-1.6%) 0.65 438
    2021-10-01 $245,990 (-7.1%) $320,052 (-1.8%) 0.66 438
    2021-11-01 $245,220 (-8.3%) $310,791 (-1.6%) 0.66 411
    2021-12-01 $232,500 (-11.4%) $296,653 (-4.7%) 0.64 352
    2022-01-01 $239,900 (-7.4%) $308,839 (-2.6%) 0.65 273
    2022-02-01 $239,450 (-16.0%) $313,873 (-9.5%) 0.62 261
    2022-03-01 $254,725 (-11.7%) $332,217 (-6.2%) 0.64 251
    2022-04-01 $259,950 (-6.9%) $336,724 (-1.5%) 0.61 270
    2022-05-01 $249,950 (-9.1%) $331,140 (-2.4%) 0.57 280
    2022-06-01 $255,000 (7.3%) $345,783 (9.8%) 0.57 341
    2022-07-01 $254,900 (2.3%) $341,887 (5.9%) 0.57 395
    2022-08-01 $264,975 (7.5%) $338,426 (7.3%) 0.61 414
    2022-09-01 $248,700 (2.6%) $329,147 (5.3%) 0.58 425
    2022-10-01 $250,000 (1.6%) $334,888 (4.6%) 0.59 423
    2022-11-01 $272,450 (11.1%) $344,724 (10.9%) 0.65 413
    2022-12-01 $279,900 (20.4%) $337,642 (13.8%) 0.68 359
    2023-01-01 $274,925 (14.6%) $347,775 (12.6%) 0.68 306
    2023-02-01 $287,400 (20.0%) $357,876 (14.0%) 0.69 280
    2023-03-01 $298,725 (17.3%) $382,152 (15.0%) 0.73 283
    2023-04-01 $317,450 (22.1%) $386,628 (14.8%) 0.74 297
    2023-05-01 $319,950 (28.0%) $398,014 (20.2%) 0.74 308
    2023-06-01 $339,741 (33.2%) $415,642 (20.2%) 0.76 322
    2023-07-01 $337,754 (32.5%) $423,547 (23.9%) 0.77 310
    2023-08-01 $332,950 (25.7%) $404,337 (19.5%) 0.76 326
    2023-09-01 $349,900 (40.7%) $407,398 (23.8%) 0.81 342
    2023-10-01 $348,197 (39.3%) $406,877 (21.5%) 0.82 367
    2023-11-01 $336,200 (23.4%) $395,412 (14.7%) 0.80 376
    2023-12-01 $316,750 (13.2%) $371,887 (10.1%) 0.77 360
    2024-01-01 $307,450 (11.8%) $369,204 (6.2%) 0.75 305
    2024-02-01 $306,200 (6.5%) $365,293 (2.1%) 0.74 280
    2024-03-01 $298,500 (-0.1%) $378,392 (-1.0%) 0.70 262
    2024-04-01 $325,000 (2.4%) $397,227 (2.7%) 0.76 278
    2024-05-01 $349,925 (9.4%) $419,082 (5.3%) 0.81 285
    2024-06-01 $349,450 (2.9%) $428,576 (3.1%) 0.81 300
    2024-07-01 $342,450 (1.4%) $414,621 (-2.1%) 0.78 359
    2024-08-01 $339,900 (2.1%) $414,093 (2.4%) 0.79 388
    2024-09-01 $344,900 (-1.4%) $417,700 (2.5%) 0.81 396
    2024-10-01 $347,450 (-0.2%) $399,825 (-1.7%) 0.82 420
    2024-11-01 $335,000 (-0.4%) $393,399 (-0.5%) 0.80 425
    2024-12-01 $329,950 (4.2%) $388,851 (4.6%) 0.82 382
    2025-01-01 $330,000 (7.3%) $388,060 (5.1%) 0.00 364
    Reading's median listing price for 2025-01-01 was $330,000, a difference of $22,550 (7.3%) versus the prior year and $50 versus the prior month.

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

    Reading's average listing price for 2025-01-01 was $388,060, a difference of $18,856 (5.1%) versus the prior year and $-791 versus the prior month.

    For the 2025-01-01 period, Reading had 364 MLS listings, a difference of -18 listings (-5%) versus the prior month and 59 listings (19%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Reading (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 92 days 1,742 sqft
    2018-02-01 90 days 1,767 sqft
    2018-03-01 65 days 1,791 sqft
    2018-04-01 52 days 1,812 sqft
    2018-05-01 52 days 1,862 sqft
    2018-06-01 53 days 1,917 sqft
    2018-07-01 58 days 1,884 sqft
    2018-08-01 60 days 1,887 sqft
    2018-09-01 64 days 1,900 sqft
    2018-10-01 67 days 1,899 sqft
    2018-11-01 67 days 1,881 sqft
    2018-12-01 73 days 1,856 sqft
    2019-01-01 85 days 1,856 sqft
    2019-02-01 87 days 1,881 sqft
    2019-03-01 69 days 1,938 sqft
    2019-04-01 47 days 1,998 sqft
    2019-05-01 39 days 1,985 sqft
    2019-06-01 40 days 1,952 sqft
    2019-07-01 44 days 1,947 sqft
    2019-08-01 48 days 1,960 sqft
    2019-09-01 53 days 1,992 sqft
    2019-10-01 58 days 2,023 sqft
    2019-11-01 57 days 2,036 sqft
    2019-12-01 70 days 2,010 sqft
    2020-01-01 77 days 2,025 sqft
    2020-02-01 66 days 2,048 sqft
    2020-03-01 44 days 2,080 sqft
    2020-04-01 65 days 2,134 sqft
    2020-05-01 74 days 2,034 sqft
    2020-06-01 40 days 2,047 sqft
    2020-07-01 34 days 2,109 sqft
    2020-08-01 28 days 2,144 sqft
    2020-09-01 25 days 2,030 sqft
    2020-10-01 41 days 2,052 sqft
    2020-11-01 42 days 2,010 sqft
    2020-12-01 47 days 1,963 sqft
    2021-01-01 57 days 1,934 sqft
    2021-02-01 62 days 2,100 sqft
    2021-03-01 45 days 1,986 sqft
    2021-04-01 30 days 1,949 sqft
    2021-05-01 25 days 1,889 sqft
    2021-06-01 31 days 1,810 sqft
    2021-07-01 38 days 1,831 sqft
    2021-08-01 39 days 1,810 sqft
    2021-09-01 39 days 1,784 sqft
    2021-10-01 44 days 1,792 sqft
    2021-11-01 46 days 1,784 sqft
    2021-12-01 48 days 1,754 sqft
    2022-01-01 50 days 1,692 sqft
    2022-02-01 42 days 1,739 sqft
    2022-03-01 29 days 1,765 sqft
    2022-04-01 29 days 1,805 sqft
    2022-05-01 24 days 1,768 sqft
    2022-06-01 24 days 1,776 sqft
    2022-07-01 30 days 1,780 sqft
    2022-08-01 32 days 1,794 sqft
    2022-09-01 41 days 1,774 sqft
    2022-10-01 40 days 1,790 sqft
    2022-11-01 42 days 1,853 sqft
    2022-12-01 57 days 1,841 sqft
    2023-01-01 65 days 1,824 sqft
    2023-02-01 51 days 1,905 sqft
    2023-03-01 38 days 1,979 sqft
    2023-04-01 33 days 1,960 sqft
    2023-05-01 33 days 1,982 sqft
    2023-06-01 37 days 1,970 sqft
    2023-07-01 39 days 1,979 sqft
    2023-08-01 35 days 1,930 sqft
    2023-09-01 40 days 1,969 sqft
    2023-10-01 38 days 1,981 sqft
    2023-11-01 38 days 1,880 sqft
    2023-12-01 45 days 1,848 sqft
    2024-01-01 52 days 1,822 sqft
    2024-02-01 38 days 1,807 sqft
    2024-03-01 36 days 1,702 sqft
    2024-04-01 29 days 1,821 sqft
    2024-05-01 23 days 1,934 sqft
    2024-06-01 22 days 1,986 sqft
    2024-07-01 29 days 1,957 sqft
    2024-08-01 34 days 1,966 sqft
    2024-09-01 35 days 1,950 sqft
    2024-10-01 34 days 1,959 sqft
    2024-11-01 38 days 1,885 sqft
    2024-12-01 43 days 1,881 sqft
    2025-01-01 0 days 1,893 sqft
    Reading'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.

    Reading's median square footage for active listings during the 2025-01-01 period was 1,893 sqft. One year prior, the average listing was 1,822 sqft.