Salisbury USDA Loan Rates, Closing Costs & Stats

SALISBURY, MD-DE

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.

Salisbury's 25 lenders originated 61 USDA loans during 2024. The total origination value was $16,265,000, with an average USDA loan value of $266,639.

Salisbury USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Salisbury averaged 0.34% for the week of 2025-07-04, compared to the national average (all USDA variants) of 0% for the same period.

Salisbury's average USDA mortgage closing costs are $6,592.

The average rate for the prior week (2025-06-27) was 6.78% and one month ago for the week of 2025-05-30, the average rate was 6.76%.

The average rate one year ago was 7.06%.

For refis of the same type during the week of 2025-07-04, the average rate was -0.07%.

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

Salisbury 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 Salisbury level.

Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
Meridian Bank Corporation 10 6.21% $9,658
MOVEMENT MORTGAGE, LLC 7 6.45% $9,505
FIRST HOME MORTGAGE CORPORATION 5 6.60% $9,921
DIRECT MORTGAGE LOANS, LLC 4 6.31% $9,944
Keystone Funding, Inc. 4 5.59% $12,318
EMBRACE HOME LOANS, INC. 4 5.75% $10,728
BAY CAPITAL MORTGAGE CORPORATION 3 6.42% $7,035
PRIMELENDING, A PLAINSCAPITAL COMPANY 2 7.00% $6,693
Prosperity Home Mortgage, LLC 2 6.24% $8,114
RADIUS FINANCIAL GROUP INC. 2 7.13% $7,489
Nations Lending Corporation 2 6.69% $4,115
NEWREZ LLC 2 6.62% $6,635
AMERICAN FINANCIAL RESOURCES, INC. 1 7.25% $15,298
Towne Bank 1 6.13% $7,154
AMERICAN PACIFIC MORTGAGE CORPORATION 1 6.13% $17,284
BAYSHORE MORTGAGE FUNDING, LLC 1 6.88% $7,662
Century Mortgage Company DBA Century Lending Company 1 6.75% $7,080
C & F Mortgage Corporation 1 6.38% $7,371
CMG MORTGAGE, INC. 1 6.13% $6,620
CROSSCOUNTRY MORTGAGE, LLC 1 6.63% $7,265
DHI MORTGAGE COMPANY, LTD. 1 4.99% $5,929
EMM LOANS LLC 1 5.88% $12,168
GUARANTEED RATE AFFINITY, LLC 1 6.25% $8,646
STATE EMPLOYEES CREDIT UNION OF MARYLAND, INCORPORATED 1 5.50% $6,664
TIDEWATER MORTGAGE SERVICES, INC. 1 5.50% $12,108

The top Salisbury USDA lender as defined by loan originations is Meridian Bank Corporation, with 10 USDA loans originated. Their average total fees are $9,658, which is $152 higher than the next largest lender, MOVEMENT MORTGAGE, LLC.

The lowest fee Salisbury USDA lenders (with over 10 loans originated) are Meridian Bank Corporation ($9,658), .

The lowest rate Salisbury USDA lenders (with over 10 loans originated) are Meridian Bank Corporation (6.21%), .