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 31 lenders originated 81 USDA loans during 2023. The total origination value was $20,055,000, with an average USDA loan value of $247,593.
Salisbury USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Salisbury
averaged
-0.13%
for the week of 2024-11-29, compared to the national average (all USDA variants) of
0% for the same period.
Salisbury's average USDA mortgage closing costs are $6,530.
The average rate for the prior week (2024-11-22) was
6.67% and
one month ago for the week of 2024-10-25, the
average rate was 6.07%.
The average rate one year ago was 6.87%.
For refis of the same type during the week of 2024-11-29, the average rate
was -0.05%.
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.
The top Salisbury USDA lender as defined by loan originations is Meridian Bank Corporation, with
20 USDA loans originated. Their average total fees are
$9,855, which is $1,848
higher than the next largest lender,
MOVEMENT MORTGAGE, LLC.
The lowest fee Salisbury USDA lenders (with over 10 loans originated) are
Meridian Bank Corporation ($9,855), .
The lowest rate Salisbury USDA lenders (with over 10 loans originated) are
Meridian Bank Corporation (6.48%), .
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Salisbury (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 | $299,900 (2.7%) | $398,289 (3.1%) | 1.11 | 3,934 |
2018-02-01 | $301,812 (1.9%) | $400,441 (3.0%) | 1.10 | 4,035 |
2018-03-01 | $305,000 (1.7%) | $399,534 (1.5%) | 1.07 | 4,115 |
2018-04-01 | $313,400 (4.5%) | $408,937 (3.3%) | 1.06 | 4,241 |
2018-05-01 | $314,950 (5.0%) | $414,194 (3.7%) | 1.05 | 4,351 |
2018-06-01 | $315,000 (3.6%) | $412,782 (1.9%) | 1.05 | 4,385 |
2018-07-01 | $318,500 (4.3%) | $420,562 (3.8%) | 1.06 | 4,255 |
2018-08-01 | $319,000 (2.9%) | $421,794 (3.3%) | 1.07 | 4,257 |
2018-09-01 | $318,000 (2.7%) | $423,225 (3.7%) | 1.07 | 4,322 |
2018-10-01 | $319,990 (4.3%) | $428,232 (4.8%) | 1.08 | 4,306 |
2018-11-01 | $319,945 (5.0%) | $429,262 (5.9%) | 1.08 | 4,207 |
2018-12-01 | $319,000 (6.4%) | $418,893 (5.3%) | 1.10 | 4,024 |
2019-01-01 | $312,000 (4.0%) | $411,292 (3.3%) | 1.08 | 3,850 |
2019-02-01 | $317,450 (5.2%) | $420,089 (4.9%) | 1.07 | 3,993 |
2019-03-01 | $322,143 (5.6%) | $431,470 (8.0%) | 1.05 | 4,066 |
2019-04-01 | $326,523 (4.2%) | $442,884 (8.3%) | 1.04 | 4,145 |
2019-05-01 | $332,447 (5.6%) | $447,301 (8.0%) | 1.04 | 4,197 |
2019-06-01 | $335,000 (6.4%) | $446,625 (8.2%) | 1.05 | 4,208 |
2019-07-01 | $335,950 (5.5%) | $447,802 (6.5%) | 1.05 | 4,054 |
2019-08-01 | $336,355 (5.4%) | $447,478 (6.1%) | 1.07 | 3,949 |
2019-09-01 | $335,536 (5.5%) | $446,746 (5.6%) | 1.07 | 3,912 |
2019-10-01 | $334,950 (4.7%) | $446,833 (4.3%) | 1.08 | 3,872 |
2019-11-01 | $332,995 (4.1%) | $447,569 (4.3%) | 1.09 | 3,700 |
2019-12-01 | $329,900 (3.4%) | $439,718 (5.0%) | 1.10 | 3,463 |
2020-01-01 | $329,900 (5.7%) | $439,250 (6.8%) | 1.10 | 3,327 |
2020-02-01 | $330,000 (4.0%) | $446,717 (6.3%) | 1.08 | 3,363 |
2020-03-01 | $339,000 (5.2%) | $452,092 (4.8%) | 1.06 | 3,390 |
2020-04-01 | $337,975 (3.5%) | $447,284 (1.0%) | 1.06 | 3,406 |
2020-05-01 | $339,990 (2.3%) | $452,990 (1.3%) | 1.03 | 3,293 |
2020-06-01 | $347,200 (3.6%) | $466,099 (4.4%) | 1.02 | 2,891 |
2020-07-01 | $349,350 (4.0%) | $478,702 (6.9%) | 1.01 | 2,518 |
2020-08-01 | $354,400 (5.4%) | $495,738 (10.8%) | 1.02 | 2,232 |
2020-09-01 | $355,450 (5.9%) | $502,573 (12.5%) | 1.02 | 2,044 |
2020-10-01 | $356,295 (6.4%) | $513,327 (14.9%) | 1.02 | 1,891 |
2020-11-01 | $357,065 (7.2%) | $515,625 (15.2%) | 1.04 | 1,748 |
2020-12-01 | $358,425 (8.7%) | $513,231 (16.7%) | 1.07 | 1,621 |
2021-01-01 | $359,560 (9.0%) | $514,444 (17.1%) | 1.07 | 1,448 |
2021-02-01 | $366,450 (11.1%) | $523,616 (17.2%) | 1.07 | 1,252 |
2021-03-01 | $380,725 (12.3%) | $532,858 (17.9%) | 1.08 | 1,207 |
2021-04-01 | $389,823 (15.3%) | $555,886 (24.3%) | 1.06 | 1,168 |
2021-05-01 | $399,900 (17.6%) | $562,847 (24.3%) | 1.06 | 1,118 |
2021-06-01 | $410,450 (18.2%) | $564,658 (21.2%) | 1.08 | 1,238 |
2021-07-01 | $419,900 (20.2%) | $555,173 (16.0%) | 1.11 | 1,326 |
2021-08-01 | $424,950 (19.9%) | $560,579 (13.1%) | 1.13 | 1,289 |
2021-09-01 | $424,000 (19.3%) | $557,205 (10.9%) | 1.13 | 1,314 |
2021-10-01 | $439,000 (23.2%) | $568,794 (10.8%) | 1.17 | 1,330 |
2021-11-01 | $441,225 (23.6%) | $569,492 (10.5%) | 1.18 | 1,247 |
2021-12-01 | $446,950 (24.7%) | $571,822 (11.4%) | 1.21 | 1,091 |
2022-01-01 | $458,000 (27.4%) | $594,042 (15.5%) | 1.24 | 940 |
2022-02-01 | $486,250 (32.7%) | $613,103 (17.1%) | 1.26 | 955 |
2022-03-01 | $488,660 (28.4%) | $604,526 (13.5%) | 1.22 | 1,046 |
2022-04-01 | $499,999 (28.3%) | $642,780 (15.6%) | 1.19 | 1,075 |
2022-05-01 | $499,947 (25.0%) | $655,245 (16.4%) | 1.14 | 1,194 |
2022-06-01 | $499,968 (21.8%) | $637,841 (13.0%) | 1.11 | 1,325 |
2022-07-01 | $509,900 (21.4%) | $662,334 (19.3%) | 1.15 | 1,463 |
2022-08-01 | $499,947 (17.7%) | $660,756 (17.9%) | 1.16 | 1,497 |
2022-09-01 | $499,950 (17.9%) | $661,241 (18.7%) | 1.17 | 1,551 |
2022-10-01 | $505,000 (15.0%) | $653,140 (14.8%) | 1.19 | 1,646 |
2022-11-01 | $499,945 (13.3%) | $648,756 (13.9%) | 1.20 | 1,644 |
2022-12-01 | $494,900 (10.7%) | $631,881 (10.5%) | 1.22 | 1,536 |
2023-01-01 | $497,375 (8.6%) | $638,687 (7.5%) | 1.23 | 1,396 |
2023-02-01 | $504,990 (3.9%) | $653,235 (6.6%) | 1.22 | 1,363 |
2023-03-01 | $502,425 (2.8%) | $652,669 (8.0%) | 1.19 | 1,390 |
2023-04-01 | $529,900 (6.0%) | $674,877 (5.0%) | 1.23 | 1,393 |
2023-05-01 | $529,995 (6.0%) | $669,845 (2.2%) | 1.20 | 1,456 |
2023-06-01 | $528,995 (5.8%) | $679,430 (6.5%) | 1.19 | 1,496 |
2023-07-01 | $519,000 (1.8%) | $664,406 (0.3%) | 1.18 | 1,548 |
2023-08-01 | $514,945 (3.0%) | $664,026 (0.5%) | 1.18 | 1,564 |
2023-09-01 | $509,990 (2.0%) | $658,253 (-0.5%) | 1.19 | 1,665 |
2023-10-01 | $510,000 (1.0%) | $666,352 (2.0%) | 1.20 | 1,720 |
2023-11-01 | $497,000 (-0.6%) | $646,555 (-0.3%) | 1.18 | 1,831 |
2023-12-01 | $484,900 (-2.0%) | $631,096 (-0.1%) | 1.18 | 1,738 |
2024-01-01 | $484,250 (-2.6%) | $624,103 (-2.3%) | 1.18 | 1,699 |
2024-02-01 | $486,000 (-3.8%) | $622,329 (-4.7%) | 1.17 | 1,782 |
2024-03-01 | $499,250 (-0.6%) | $641,446 (-1.7%) | 1.18 | 1,877 |
2024-04-01 | $501,200 (-5.4%) | $657,472 (-2.6%) | 1.17 | 1,984 |
2024-05-01 | $520,000 (-1.9%) | $669,572 (0.0%) | 1.18 | 2,079 |
2024-06-01 | $519,990 (-1.7%) | $665,656 (-2.0%) | 1.17 | 2,134 |
2024-07-01 | $514,950 (-0.8%) | $655,123 (-1.4%) | 1.18 | 2,155 |
2024-08-01 | $502,000 (-2.5%) | $651,051 (-2.0%) | 1.17 | 2,206 |
2024-09-01 | $499,495 (-2.1%) | $628,530 (-4.5%) | 1.18 | 2,309 |
2024-10-01 | $498,995 (-2.2%) | $620,436 (-6.9%) | 1.17 | 2,476 |
Salisbury's median listing price comes in at 117% of the national average.
Salisbury's average listing price for 2024-10-01 was $620,436, a difference of $-45,916 (-6.9%) versus the prior year and $-8,094 versus the prior month.
For the 2024-10-01 period, Salisbury had 2,476 MLS listings, a difference of 167 listings (7%) versus the prior month and 756 listings (44%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Salisbury (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 111 days | 1,798 sqft |
2018-02-01 | 104 days | 1,800 sqft |
2018-03-01 | 85 days | 1,798 sqft |
2018-04-01 | 76 days | 1,800 sqft |
2018-05-01 | 76 days | 1,826 sqft |
2018-06-01 | 80 days | 1,821 sqft |
2018-07-01 | 85 days | 1,851 sqft |
2018-08-01 | 89 days | 1,851 sqft |
2018-09-01 | 89 days | 1,842 sqft |
2018-10-01 | 85 days | 1,840 sqft |
2018-11-01 | 91 days | 1,831 sqft |
2018-12-01 | 100 days | 1,816 sqft |
2019-01-01 | 110 days | 1,800 sqft |
2019-02-01 | 111 days | 1,792 sqft |
2019-03-01 | 94 days | 1,821 sqft |
2019-04-01 | 74 days | 1,849 sqft |
2019-05-01 | 75 days | 1,865 sqft |
2019-06-01 | 79 days | 1,860 sqft |
2019-07-01 | 85 days | 1,869 sqft |
2019-08-01 | 85 days | 1,883 sqft |
2019-09-01 | 83 days | 1,881 sqft |
2019-10-01 | 82 days | 1,879 sqft |
2019-11-01 | 86 days | 1,866 sqft |
2019-12-01 | 98 days | 1,856 sqft |
2020-01-01 | 106 days | 1,854 sqft |
2020-02-01 | 96 days | 1,860 sqft |
2020-03-01 | 72 days | 1,870 sqft |
2020-04-01 | 77 days | 1,873 sqft |
2020-05-01 | 90 days | 1,892 sqft |
2020-06-01 | 96 days | 1,926 sqft |
2020-07-01 | 82 days | 1,952 sqft |
2020-08-01 | 61 days | 1,949 sqft |
2020-09-01 | 51 days | 1,913 sqft |
2020-10-01 | 57 days | 1,900 sqft |
2020-11-01 | 61 days | 1,879 sqft |
2020-12-01 | 69 days | 1,853 sqft |
2021-01-01 | 78 days | 1,845 sqft |
2021-02-01 | 73 days | 1,848 sqft |
2021-03-01 | 57 days | 1,861 sqft |
2021-04-01 | 51 days | 1,857 sqft |
2021-05-01 | 49 days | 1,895 sqft |
2021-06-01 | 41 days | 1,914 sqft |
2021-07-01 | 40 days | 1,915 sqft |
2021-08-01 | 46 days | 1,887 sqft |
2021-09-01 | 47 days | 1,864 sqft |
2021-10-01 | 49 days | 1,880 sqft |
2021-11-01 | 49 days | 1,871 sqft |
2021-12-01 | 62 days | 1,871 sqft |
2022-01-01 | 73 days | 1,893 sqft |
2022-02-01 | 55 days | 1,965 sqft |
2022-03-01 | 39 days | 1,961 sqft |
2022-04-01 | 42 days | 1,976 sqft |
2022-05-01 | 44 days | 2,000 sqft |
2022-06-01 | 42 days | 2,004 sqft |
2022-07-01 | 47 days | 2,016 sqft |
2022-08-01 | 51 days | 2,028 sqft |
2022-09-01 | 55 days | 2,038 sqft |
2022-10-01 | 56 days | 2,053 sqft |
2022-11-01 | 57 days | 2,013 sqft |
2022-12-01 | 77 days | 2,000 sqft |
2023-01-01 | 91 days | 1,995 sqft |
2023-02-01 | 84 days | 2,016 sqft |
2023-03-01 | 54 days | 2,005 sqft |
2023-04-01 | 55 days | 2,023 sqft |
2023-05-01 | 51 days | 2,023 sqft |
2023-06-01 | 50 days | 2,079 sqft |
2023-07-01 | 53 days | 2,023 sqft |
2023-08-01 | 57 days | 2,001 sqft |
2023-09-01 | 54 days | 1,980 sqft |
2023-10-01 | 50 days | 1,938 sqft |
2023-11-01 | 52 days | 1,907 sqft |
2023-12-01 | 63 days | 1,858 sqft |
2024-01-01 | 75 days | 1,839 sqft |
2024-02-01 | 70 days | 1,837 sqft |
2024-03-01 | 50 days | 1,859 sqft |
2024-04-01 | 51 days | 1,932 sqft |
2024-05-01 | 52 days | 1,958 sqft |
2024-06-01 | 57 days | 1,963 sqft |
2024-07-01 | 63 days | 1,962 sqft |
2024-08-01 | 64 days | 1,947 sqft |
2024-09-01 | 59 days | 1,876 sqft |
2024-10-01 | 60 days | 1,858 sqft |
Salisbury's median square footage for active listings during the 2024-10-01 period was 1,858 sqft. One year prior, the average listing was 1,938 sqft.