Reading USDA Loan Rates, Closing Costs & Stats
READING, 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.
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
6.52%
for the week of 2024-12-13, compared to the national average (all USDA variants) of
6.303% for the same period.
Reading's average USDA mortgage closing costs are $5,739.
The average rate for the prior week (2024-12-06) was
6.56% and
one month ago for the week of 2024-11-08, the
average rate was 6.58%.
The average rate one year ago was 6.84%.
For refis of the same type during the week of 2024-12-13, the average rate
was 6.48%.
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 (3.3%) | 0.64 | 1,241 |
| 2018-02-01 | $174,950 (0.6%) | $224,243 (0.5%) | 0.64 | 1,159 |
| 2018-03-01 | $179,900 (2.8%) | $232,645 (3.8%) | 0.63 | 1,102 |
| 2018-04-01 | $186,875 (1.1%) | $237,457 (3.6%) | 0.63 | 1,159 |
| 2018-05-01 | $199,900 (5.3%) | $247,733 (6.7%) | 0.67 | 1,191 |
| 2018-06-01 | $209,900 (10.7%) | $256,497 (9.5%) | 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 (12.7%) | 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 (12.5%) | 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 (4.9%) | 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%) | $280,029 (10.0%) | 0.77 | 953 |
| 2019-12-01 | $232,475 (13.4%) | $281,374 (11.9%) | 0.78 | 842 |
| 2020-01-01 | $229,950 (15.0%) | $282,204 (12.1%) | 0.77 | 771 |
| 2020-02-01 | $246,900 (23.5%) | $286,382 (11.6%) | 0.81 | 716 |
| 2020-03-01 | $259,900 (24.7%) | $297,043 (13.5%) | 0.81 | 674 |
| 2020-04-01 | $274,400 (23.4%) | $312,733 (16.3%) | 0.86 | 592 |
| 2020-05-01 | $259,900 (16.9%) | $302,211 (12.0%) | 0.79 | 618 |
| 2020-06-01 | $249,950 (13.6%) | $305,617 (13.6%) | 0.74 | 586 |
| 2020-07-01 | $272,650 (24.0%) | $325,632 (22.5%) | 0.79 | 484 |
| 2020-08-01 | $270,000 (23.3%) | $321,418 (19.4%) | 0.77 | 479 |
| 2020-09-01 | $259,975 (15.5%) | $317,217 (15.8%) | 0.74 | 476 |
| 2020-10-01 | $264,900 (14.0%) | $326,057 (17.0%) | 0.76 | 459 |
| 2020-11-01 | $267,400 (13.8%) | $316,259 (12.9%) | 0.78 | 464 |
| 2020-12-01 | $262,400 (12.9%) | $311,463 (10.7%) | 0.78 | 431 |
| 2021-01-01 | $258,500 (12.4%) | $317,356 (12.5%) | 0.77 | 367 |
| 2021-02-01 | $285,400 (15.6%) | $346,802 (21.1%) | 0.83 | 283 |
| 2021-03-01 | $289,000 (11.2%) | $354,156 (19.2%) | 0.82 | 274 |
| 2021-04-01 | $279,075 (1.7%) | $341,585 (9.2%) | 0.76 | 285 |
| 2021-05-01 | $274,900 (5.8%) | $342,368 (13.3%) | 0.73 | 313 |
| 2021-06-01 | $239,220 (-4.3%) | $317,388 (3.9%) | 0.63 | 408 |
| 2021-07-01 | $249,500 (-8.5%) | $324,997 (-0.2%) | 0.66 | 415 |
| 2021-08-01 | $246,745 (-8.6%) | $317,398 (-1.3%) | 0.66 | 449 |
| 2021-09-01 | $242,450 (-6.7%) | $314,684 (-0.8%) | 0.65 | 439 |
| 2021-10-01 | $245,990 (-7.1%) | $322,172 (-1.2%) | 0.66 | 439 |
| 2021-11-01 | $245,445 (-8.2%) | $313,134 (-1.0%) | 0.66 | 412 |
| 2021-12-01 | $234,950 (-10.5%) | $299,524 (-3.8%) | 0.64 | 353 |
| 2022-01-01 | $239,900 (-7.2%) | $310,126 (-2.3%) | 0.65 | 274 |
| 2022-02-01 | $239,450 (-16.1%) | $317,375 (-8.5%) | 0.62 | 262 |
| 2022-03-01 | $254,950 (-11.8%) | $335,754 (-5.2%) | 0.64 | 252 |
| 2022-04-01 | $257,000 (-7.9%) | $337,363 (-1.2%) | 0.61 | 278 |
| 2022-05-01 | $247,728 (-9.9%) | $332,085 (-3.0%) | 0.57 | 289 |
| 2022-06-01 | $254,900 (6.6%) | $346,326 (9.1%) | 0.57 | 351 |
| 2022-07-01 | $252,000 (1.0%) | $342,439 (5.4%) | 0.57 | 405 |
| 2022-08-01 | $264,900 (7.4%) | $340,046 (7.1%) | 0.61 | 425 |
| 2022-09-01 | $246,450 (1.7%) | $330,811 (5.1%) | 0.58 | 435 |
| 2022-10-01 | $249,950 (1.6%) | $335,558 (4.2%) | 0.59 | 433 |
| 2022-11-01 | $271,975 (10.8%) | $345,325 (10.3%) | 0.65 | 423 |
| 2022-12-01 | $275,000 (17.1%) | $338,517 (13.0%) | 0.68 | 369 |
| 2023-01-01 | $273,850 (14.2%) | $350,182 (12.9%) | 0.68 | 317 |
| 2023-02-01 | $287,500 (20.1%) | $363,468 (14.5%) | 0.69 | 285 |
| 2023-03-01 | $309,200 (21.3%) | $388,007 (15.6%) | 0.73 | 286 |
| 2023-04-01 | $319,900 (24.5%) | $388,611 (15.2%) | 0.74 | 299 |
| 2023-05-01 | $324,925 (31.2%) | $400,010 (20.5%) | 0.74 | 310 |
| 2023-06-01 | $340,329 (33.5%) | $418,852 (20.9%) | 0.76 | 325 |
| 2023-07-01 | $337,754 (34.0%) | $426,262 (24.5%) | 0.77 | 310 |
| 2023-08-01 | $330,825 (24.9%) | $403,604 (18.7%) | 0.76 | 325 |
| 2023-09-01 | $349,900 (42.0%) | $406,765 (23.0%) | 0.81 | 342 |
| 2023-10-01 | $347,671 (39.1%) | $406,877 (21.3%) | 0.82 | 367 |
| 2023-11-01 | $336,200 (23.6%) | $395,412 (14.5%) | 0.80 | 376 |
| 2023-12-01 | $316,750 (15.2%) | $371,887 (9.9%) | 0.77 | 360 |
| 2024-01-01 | $307,450 (12.3%) | $369,204 (5.4%) | 0.75 | 305 |
| 2024-02-01 | $306,200 (6.5%) | $365,293 (0.5%) | 0.74 | 280 |
| 2024-03-01 | $298,500 (-3.5%) | $378,392 (-2.5%) | 0.70 | 262 |
| 2024-04-01 | $325,000 (1.6%) | $397,227 (2.2%) | 0.76 | 278 |
| 2024-05-01 | $359,925 (10.8%) | $429,675 (7.4%) | 0.81 | 285 |
| 2024-06-01 | $359,900 (5.8%) | $436,753 (4.3%) | 0.81 | 302 |
| 2024-07-01 | $342,450 (1.4%) | $414,621 (-2.7%) | 0.78 | 359 |
| 2024-08-01 | $339,900 (2.7%) | $414,093 (2.6%) | 0.79 | 388 |
| 2024-09-01 | $344,900 (-1.4%) | $417,700 (2.7%) | 0.81 | 396 |
| 2024-10-01 | $347,450 (-0.1%) | $399,825 (-1.7%) | 0.82 | 420 |
| 2024-11-01 | $335,000 (-0.4%) | $393,399 (-0.5%) | 0.80 | 425 |
Reading's median listing price comes in at 80% of the national average.
Reading's average listing price for 2024-11-01 was $393,399, a difference of $-2,013 (-0.5%) versus the prior year and $-6,426 versus the prior month.
For the 2024-11-01 period, Reading had 425 MLS listings, a difference of 5 listings (1%) versus the prior month and 49 listings (13%) 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 | 1,766 sqft |
| 2018-03-01 | 65 days | 1,791 sqft |
| 2018-04-01 | 52 days | 1,811 sqft |
| 2018-05-01 | 52 days | 1,862 sqft |
| 2018-06-01 | 53 days | 1,916 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 | 1,883 sqft |
| 2018-12-01 | 73 days | 1,858 sqft |
| 2019-01-01 | 85 days | 1,856 sqft |
| 2019-02-01 | 87 days | 1,885 sqft |
| 2019-03-01 | 69 days | 1,937 sqft |
| 2019-04-01 | 47 days | 1,995 sqft |
| 2019-05-01 | 39 days | 1,984 sqft |
| 2019-06-01 | 40 days | 1,950 sqft |
| 2019-07-01 | 44 days | 1,946 sqft |
| 2019-08-01 | 48 days | 1,960 sqft |
| 2019-09-01 | 53 days | 1,991 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 | 2,035 sqft |
| 2020-03-01 | 44 days | 2,080 sqft |
| 2020-04-01 | 65 days | 2,134 sqft |
| 2020-05-01 | 74 days | 2,033 sqft |
| 2020-06-01 | 40 days | 2,046 sqft |
| 2020-07-01 | 34 days | 2,110 sqft |
| 2020-08-01 | 28 days | 2,144 sqft |
| 2020-09-01 | 25 days | 2,030 sqft |
| 2020-10-01 | 41 days | 2,059 sqft |
| 2020-11-01 | 42 days | 2,014 sqft |
| 2020-12-01 | 47 days | 1,966 sqft |
| 2021-01-01 | 57 days | 1,940 sqft |
| 2021-02-01 | 62 days | 2,101 sqft |
| 2021-03-01 | 45 days | 1,995 sqft |
| 2021-04-01 | 30 days | 1,949 sqft |
| 2021-05-01 | 25 days | 1,892 sqft |
| 2021-06-01 | 31 days | 1,811 sqft |
| 2021-07-01 | 38 days | 1,832 sqft |
| 2021-08-01 | 39 days | 1,812 sqft |
| 2021-09-01 | 39 days | 1,785 sqft |
| 2021-10-01 | 44 days | 1,792 sqft |
| 2021-11-01 | 46 days | 1,786 sqft |
| 2021-12-01 | 48 days | 1,752 sqft |
| 2022-01-01 | 50 days | 1,685 sqft |
| 2022-02-01 | 42 days | 1,741 sqft |
| 2022-03-01 | 29 days | 1,770 sqft |
| 2022-04-01 | 29 days | 1,800 sqft |
| 2022-05-01 | 24 days | 1,749 sqft |
| 2022-06-01 | 24 days | 1,764 sqft |
| 2022-07-01 | 30 days | 1,769 sqft |
| 2022-08-01 | 32 days | 1,778 sqft |
| 2022-09-01 | 41 days | 1,766 sqft |
| 2022-10-01 | 40 days | 1,787 sqft |
| 2022-11-01 | 42 days | 1,837 sqft |
| 2022-12-01 | 57 days | 1,827 sqft |
| 2023-01-01 | 65 days | 1,814 sqft |
| 2023-02-01 | 51 days | 1,906 sqft |
| 2023-03-01 | 38 days | 1,997 sqft |
| 2023-04-01 | 33 days | 1,980 sqft |
| 2023-05-01 | 33 days | 1,984 sqft |
| 2023-06-01 | 37 days | 1,982 sqft |
| 2023-07-01 | 39 days | 1,988 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 | 1,940 sqft |
| 2024-06-01 | 22 days | 2,000 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 | 1,888 sqft |
Reading's median square footage for active listings during the 2024-11-01 period was 1,888 sqft. One year prior, the average listing was 1,880 sqft.