Salisbury USDA Loan Rates, Closing Costs & Stats

SALISBURY, MD-DE

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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.

    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 6.4% for the week of 2025-02-14, compared to the national average (all USDA variants) of 6.526% for the same period.

    Salisbury's average USDA mortgage closing costs are $6,530.

    The average rate for the prior week (2025-02-07) was 6.45% and one month ago for the week of 2025-01-10, the average rate was 6.7%.

    The average rate one year ago was 6.49%.

    For refis of the same type during the week of 2025-02-14, the average rate was 6.58%.

    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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Meridian Bank Corporation 20 6.48% $9,855
    MOVEMENT MORTGAGE, LLC 9 6.26% $8,007
    TIDEWATER MORTGAGE SERVICES, INC. 5 6.60% $13,350
    Nations Lending Corporation 4 6.16% $6,426
    NFM, INC. 3 6.50% $9,833
    FIRST HOME MORTGAGE CORPORATION 3 6.33% $8,910
    GUARANTEED RATE AFFINITY, LLC 3 6.50% $9,842
    EMM LOANS LLC 2 5.88% $11,054
    PLAZA HOME MORTGAGE, INC. 2 6.63% $8,730
    CMG MORTGAGE, INC. 2 6.94% $6,760
    RADIUS FINANCIAL GROUP INC. 2 6.56% $9,426
    SUN WEST MORTGAGE COMPANY, INC. 2 5.93% $17,026
    PLANET HOME LENDING, LLC 1 5.63% $9,512
    Prosperity Home Mortgage, LLC 1 5.99% $11,569
    Sierra Pacific Mortgage Company, Inc. 1 6.75% $14,127
    The Federal Savings Bank 1 6.88% $14,210
    UNITED WHOLESALE MORTGAGE, LLC 1 6.62% $9,035
    Waterstone Mortgage Corporation 1 6.13% $8,289
    ACADEMY MORTGAGE CORPORATION 1 5.88% $14,721
    Wells Fargo Bank 1 5.38% $2,835
    ALLIED MORTGAGE GROUP, INC. 1 6.63% $7,809
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 1 5.75% $8,385
    Bank of England 1 6.25% $8,074
    CALIBER HOME LOANS, INC. 1 5.75% $8,398
    CHURCHILL MORTGAGE CORPORATION 1 7.13% $6,301
    CROSSCOUNTRY MORTGAGE, LLC 1 6.50% $8,496
    Evolve Bank & Trust 1 6.50% $10,428
    FIDELITY DIRECT MORTGAGE, LLC 1 5.63% $9,512
    Ixonia Bank 1 6.50% $7,734
    Northpointe Bank 1 5.75% $8,324
    Paramount Residential Mortgage Group, Inc. 1 6.50% $11,942

    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. Louis
    Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
    2018-01-01 $159,000 (6.1%) $197,487 (3.3%) 1.11 517
    2018-02-01 $159,900 (3.2%) $198,864 (2.5%) 1.10 489
    2018-03-01 $164,900 (0.0%) $211,539 (4.7%) 1.07 481
    2018-04-01 $164,900 (3.1%) $215,961 (6.4%) 1.06 483
    2018-05-01 $169,450 (4.3%) $219,796 (7.6%) 1.05 502
    2018-06-01 $169,900 (3.6%) $219,935 (8.9%) 1.05 535
    2018-07-01 $174,900 (9.3%) $224,057 (9.7%) 1.06 542
    2018-08-01 $174,900 (9.4%) $222,856 (7.4%) 1.07 559
    2018-09-01 $179,000 (11.9%) $225,203 (11.0%) 1.07 564
    2018-10-01 $179,900 (12.5%) $225,083 (10.3%) 1.08 554
    2018-11-01 $181,488 (13.5%) $230,209 (13.4%) 1.08 527
    2018-12-01 $179,900 (12.5%) $225,156 (14.0%) 1.10 522
    2019-01-01 $177,000 (11.3%) $219,860 (11.3%) 1.08 516
    2019-02-01 $177,000 (10.7%) $219,500 (10.4%) 1.07 509
    2019-03-01 $185,814 (12.7%) $224,185 (6.0%) 1.05 503
    2019-04-01 $195,175 (18.4%) $232,846 (7.8%) 1.04 506
    2019-05-01 $199,425 (17.7%) $235,779 (7.3%) 1.04 511
    2019-06-01 $199,900 (17.7%) $238,010 (8.2%) 1.05 526
    2019-07-01 $199,900 (14.3%) $243,310 (8.6%) 1.05 529
    2019-08-01 $204,927 (17.2%) $244,721 (9.8%) 1.07 507
    2019-09-01 $204,968 (14.5%) $245,562 (9.0%) 1.07 498
    2019-10-01 $204,945 (13.9%) $245,383 (9.0%) 1.08 487
    2019-11-01 $199,900 (10.2%) $241,273 (4.8%) 1.09 469
    2019-12-01 $202,450 (12.5%) $244,400 (8.6%) 1.10 427
    2020-01-01 $199,675 (12.8%) $244,581 (11.2%) 1.10 402
    2020-02-01 $199,000 (12.4%) $235,179 (7.1%) 1.08 423
    2020-03-01 $196,950 (6.0%) $229,865 (2.5%) 1.06 427
    2020-04-01 $189,990 (-2.7%) $225,369 (-3.2%) 1.06 439
    2020-05-01 $199,000 (-0.2%) $231,580 (-1.8%) 1.03 384
    2020-06-01 $213,600 (6.9%) $243,771 (2.4%) 1.02 360
    2020-07-01 $199,000 (-0.5%) $242,077 (-0.5%) 1.01 340
    2020-08-01 $199,000 (-2.9%) $246,005 (0.5%) 1.02 300
    2020-09-01 $199,900 (-2.5%) $254,417 (3.6%) 1.02 290
    2020-10-01 $209,900 (2.4%) $255,305 (4.0%) 1.02 282
    2020-11-01 $205,950 (3.0%) $249,847 (3.6%) 1.04 283
    2020-12-01 $196,975 (-2.7%) $249,947 (2.3%) 1.07 255
    2021-01-01 $190,000 (-4.9%) $249,181 (1.9%) 1.07 237
    2021-02-01 $186,000 (-6.5%) $247,179 (5.1%) 1.07 204
    2021-03-01 $199,950 (1.5%) $267,417 (16.3%) 1.08 204
    2021-04-01 $214,675 (13.0%) $291,782 (29.5%) 1.06 197
    2021-05-01 $222,500 (11.8%) $304,546 (31.5%) 1.06 188
    2021-06-01 $221,173 (3.6%) $292,544 (20.0%) 1.08 205
    2021-07-01 $229,450 (15.3%) $305,331 (26.1%) 1.11 235
    2021-08-01 $235,000 (18.1%) $303,804 (23.5%) 1.13 227
    2021-09-01 $242,400 (21.3%) $304,172 (19.6%) 1.13 212
    2021-10-01 $249,900 (19.1%) $317,511 (24.4%) 1.17 232
    2021-11-01 $247,150 (20.0%) $327,036 (30.9%) 1.18 228
    2021-12-01 $239,700 (21.7%) $321,568 (28.7%) 1.21 211
    2022-01-01 $238,145 (25.3%) $315,417 (26.6%) 1.24 177
    2022-02-01 $249,900 (34.4%) $312,792 (26.5%) 1.26 173
    2022-03-01 $231,761 (15.9%) $312,473 (16.9%) 1.22 176
    2022-04-01 $250,000 (16.5%) $320,351 (9.8%) 1.19 159
    2022-05-01 $270,673 (21.7%) $353,639 (16.1%) 1.14 167
    2022-06-01 $273,871 (23.8%) $350,347 (19.8%) 1.11 179
    2022-07-01 $282,500 (23.1%) $340,015 (11.4%) 1.15 197
    2022-08-01 $276,699 (17.7%) $332,515 (9.5%) 1.16 221
    2022-09-01 $273,248 (12.7%) $319,813 (5.1%) 1.17 242
    2022-10-01 $279,900 (12.0%) $334,734 (5.4%) 1.19 220
    2022-11-01 $288,448 (16.7%) $337,931 (3.3%) 1.20 211
    2022-12-01 $272,448 (13.7%) $325,696 (1.3%) 1.22 218
    2023-01-01 $266,175 (11.8%) $325,283 (3.1%) 1.23 192
    2023-02-01 $260,748 (4.3%) $319,174 (2.0%) 1.22 197
    2023-03-01 $262,450 (13.2%) $304,974 (-2.4%) 1.19 183
    2023-04-01 $269,000 (7.6%) $318,671 (-0.5%) 1.23 177
    2023-05-01 $269,450 (-0.5%) $333,114 (-5.8%) 1.20 180
    2023-06-01 $294,900 (7.7%) $355,593 (1.5%) 1.19 176
    2023-07-01 $277,000 (-2.0%) $332,155 (-2.3%) 1.18 183
    2023-08-01 $279,900 (1.2%) $332,025 (-0.2%) 1.18 181
    2023-09-01 $282,450 (3.4%) $328,845 (2.8%) 1.19 200
    2023-10-01 $279,450 (-0.2%) $319,225 (-4.6%) 1.20 222
    2023-11-01 $275,000 (-4.7%) $312,622 (-7.5%) 1.18 243
    2023-12-01 $275,000 (0.9%) $309,758 (-4.9%) 1.18 236
    2024-01-01 $275,000 (3.3%) $324,143 (-0.4%) 1.18 224
    2024-02-01 $254,950 (-2.2%) $300,773 (-5.8%) 1.17 254
    2024-03-01 $262,500 (0.0%) $297,168 (-2.6%) 1.18 247
    2024-04-01 $280,950 (4.4%) $328,988 (3.2%) 1.17 230
    2024-05-01 $284,225 (5.5%) $353,352 (6.1%) 1.18 256
    2024-06-01 $295,000 (0.0%) $358,514 (0.8%) 1.17 248
    2024-07-01 $299,450 (8.1%) $351,656 (5.9%) 1.18 257
    2024-08-01 $297,000 (6.1%) $346,626 (4.4%) 1.17 274
    2024-09-01 $294,900 (4.4%) $345,418 (5.0%) 1.18 299
    2024-10-01 $297,450 (6.4%) $350,764 (9.9%) 1.17 343
    2024-11-01 $299,000 (8.7%) $345,295 (10.5%) 1.16 354
    2024-12-01 $299,900 (9.1%) $348,084 (12.4%) 1.21 321
    2025-01-01 $299,900 (9.1%) $347,437 (7.2%) 0.00 299
    Salisbury's median listing price for 2025-01-01 was $299,900, a difference of $24,900 (9.1%) versus the prior year and $0 versus the prior month.

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

    Salisbury's average listing price for 2025-01-01 was $347,437, a difference of $23,294 (7.2%) versus the prior year and $-647 versus the prior month.

    For the 2025-01-01 period, Salisbury had 299 MLS listings, a difference of -22 listings (-7%) versus the prior month and 75 listings (33%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Salisbury (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 111 days 1,620 sqft
    2018-02-01 104 days 1,626 sqft
    2018-03-01 85 days 1,625 sqft
    2018-04-01 76 days 1,643 sqft
    2018-05-01 76 days 1,645 sqft
    2018-06-01 80 days 1,664 sqft
    2018-07-01 85 days 1,716 sqft
    2018-08-01 89 days 1,717 sqft
    2018-09-01 89 days 1,712 sqft
    2018-10-01 85 days 1,731 sqft
    2018-11-01 91 days 1,760 sqft
    2018-12-01 100 days 1,738 sqft
    2019-01-01 110 days 1,700 sqft
    2019-02-01 111 days 1,678 sqft
    2019-03-01 94 days 1,719 sqft
    2019-04-01 74 days 1,751 sqft
    2019-05-01 75 days 1,755 sqft
    2019-06-01 79 days 1,730 sqft
    2019-07-01 85 days 1,734 sqft
    2019-08-01 85 days 1,776 sqft
    2019-09-01 83 days 1,806 sqft
    2019-10-01 82 days 1,816 sqft
    2019-11-01 86 days 1,802 sqft
    2019-12-01 98 days 1,791 sqft
    2020-01-01 106 days 1,748 sqft
    2020-02-01 96 days 1,684 sqft
    2020-03-01 72 days 1,675 sqft
    2020-04-01 77 days 1,629 sqft
    2020-05-01 90 days 1,675 sqft
    2020-06-01 96 days 1,694 sqft
    2020-07-01 82 days 1,652 sqft
    2020-08-01 61 days 1,650 sqft
    2020-09-01 51 days 1,643 sqft
    2020-10-01 57 days 1,649 sqft
    2020-11-01 61 days 1,628 sqft
    2020-12-01 69 days 1,592 sqft
    2021-01-01 78 days 1,536 sqft
    2021-02-01 73 days 1,528 sqft
    2021-03-01 57 days 1,551 sqft
    2021-04-01 51 days 1,614 sqft
    2021-05-01 49 days 1,748 sqft
    2021-06-01 41 days 1,746 sqft
    2021-07-01 40 days 1,765 sqft
    2021-08-01 46 days 1,723 sqft
    2021-09-01 47 days 1,774 sqft
    2021-10-01 49 days 1,792 sqft
    2021-11-01 49 days 1,792 sqft
    2021-12-01 62 days 1,682 sqft
    2022-01-01 73 days 1,612 sqft
    2022-02-01 55 days 1,633 sqft
    2022-03-01 39 days 1,607 sqft
    2022-04-01 42 days 1,672 sqft
    2022-05-01 44 days 1,796 sqft
    2022-06-01 42 days 1,804 sqft
    2022-07-01 47 days 1,800 sqft
    2022-08-01 51 days 1,845 sqft
    2022-09-01 55 days 1,837 sqft
    2022-10-01 56 days 1,884 sqft
    2022-11-01 57 days 1,919 sqft
    2022-12-01 77 days 1,864 sqft
    2023-01-01 91 days 1,852 sqft
    2023-02-01 84 days 1,762 sqft
    2023-03-01 54 days 1,682 sqft
    2023-04-01 55 days 1,680 sqft
    2023-05-01 51 days 1,612 sqft
    2023-06-01 50 days 1,692 sqft
    2023-07-01 53 days 1,629 sqft
    2023-08-01 57 days 1,620 sqft
    2023-09-01 54 days 1,652 sqft
    2023-10-01 50 days 1,589 sqft
    2023-11-01 52 days 1,618 sqft
    2023-12-01 63 days 1,591 sqft
    2024-01-01 75 days 1,555 sqft
    2024-02-01 70 days 1,465 sqft
    2024-03-01 50 days 1,497 sqft
    2024-04-01 51 days 1,565 sqft
    2024-05-01 52 days 1,554 sqft
    2024-06-01 57 days 1,598 sqft
    2024-07-01 63 days 1,645 sqft
    2024-08-01 64 days 1,604 sqft
    2024-09-01 59 days 1,613 sqft
    2024-10-01 60 days 1,623 sqft
    2024-11-01 64 days 1,608 sqft
    2024-12-01 75 days 1,607 sqft
    2025-01-01 0 days 1,575 sqft
    Salisbury'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.

    Salisbury's median square footage for active listings during the 2025-01-01 period was 1,575 sqft. One year prior, the average listing was 1,555 sqft.