Scranton USDA Loan Rates, Closing Costs & Stats
SCRANTON--WILKES-BARRE, 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.
Scranton's 12 lenders originated 30 USDA loans during 2023. The total origination value was $5,120,000, with an average USDA loan value of $170,667.
Scranton USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Scranton
averaged
6.47%
for the week of 2024-12-06, compared to the national average (all USDA variants) of
6.328% for the same period.
Scranton's average USDA mortgage closing costs are $5,374.
The average rate for the prior week (2024-11-29) was
6.44% and
one month ago for the week of 2024-11-01, the
average rate was 6.79%.
The average rate one year ago was 7.31%.
For refis of the same type during the week of 2024-12-06, the average rate
was 7.07%.
Scranton 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 Scranton level.
Name | # of Loans | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
---|---|---|---|
GUILD MORTGAGE COMPANY | 7 | 6.41% | $7,733 |
Century Mortgage Company DBA Century Lending Company | 7 | 6.61% | $4,500 |
CMG MORTGAGE, INC. | 3 | 7.13% | $7,093 |
CARDINAL FINANCIAL | 2 | 6.56% | $4,706 |
UNITED WHOLESALE MORTGAGE, LLC | 2 | 6.15% | $7,023 |
Summit Mortgage Corporation | 1 | 5.63% | $7,123 |
SWBC MORTGAGE CORPORATION | 1 | 7.25% | $5,542 |
NATIONWIDE MORTGAGE BANKERS, INC. | 1 | 5.99% | $12,232 |
FIRST HERITAGE FINANCIAL, LLC | 1 | 7.49% | $4,892 |
AMERICAN FINANCIAL NETWORK, INC. | 1 | 6.63% | $5,423 |
PREMIER MORTGAGE RESOURCES, L.L.C. | 1 | 7.25% | $8,598 |
PRIMELENDING, A PLAINSCAPITAL COMPANY | 1 | 7.75% | $9,498 |
The top Scranton USDA lender as defined by loan originations is GUILD MORTGAGE COMPANY, with
7 USDA loans originated. Their average total fees are
$7,733, which is $3,234
higher than the next largest lender,
Century Mortgage Company DBA Century Lending Company.
The lowest fee Scranton USDA lenders (with over 10 loans originated) are
.
The lowest rate Scranton USDA lenders (with over 10 loans originated) are
.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Scranton (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 | $133,950 (4.9%) | $179,445 (3.8%) | 0.50 | 1,977 |
2018-02-01 | $135,000 (5.1%) | $181,319 (4.3%) | 0.49 | 1,889 |
2018-03-01 | $139,950 (4.8%) | $187,644 (3.5%) | 0.49 | 1,874 |
2018-04-01 | $145,450 (4.0%) | $192,148 (1.9%) | 0.49 | 1,948 |
2018-05-01 | $149,950 (5.4%) | $199,890 (4.9%) | 0.50 | 2,078 |
2018-06-01 | $159,000 (9.4%) | $204,537 (6.8%) | 0.53 | 2,219 |
2018-07-01 | $159,900 (7.5%) | $207,041 (9.9%) | 0.53 | 2,310 |
2018-08-01 | $158,700 (11.2%) | $205,376 (9.2%) | 0.53 | 2,326 |
2018-09-01 | $154,900 (8.3%) | $200,383 (6.9%) | 0.52 | 2,362 |
2018-10-01 | $149,900 (4.8%) | $198,466 (6.5%) | 0.51 | 2,321 |
2018-11-01 | $149,900 (7.2%) | $194,492 (4.6%) | 0.51 | 2,216 |
2018-12-01 | $144,900 (5.2%) | $189,050 (3.8%) | 0.50 | 2,058 |
2019-01-01 | $145,945 (9.0%) | $189,661 (5.7%) | 0.50 | 1,854 |
2019-02-01 | $146,000 (8.2%) | $192,122 (6.0%) | 0.49 | 1,760 |
2019-03-01 | $151,143 (8.0%) | $195,505 (4.2%) | 0.49 | 1,743 |
2019-04-01 | $154,850 (6.5%) | $200,180 (4.2%) | 0.49 | 1,771 |
2019-05-01 | $159,900 (6.6%) | $207,287 (3.7%) | 0.50 | 1,855 |
2019-06-01 | $160,000 (0.6%) | $209,885 (2.6%) | 0.50 | 1,972 |
2019-07-01 | $159,950 (0.0%) | $210,785 (1.8%) | 0.50 | 2,076 |
2019-08-01 | $159,450 (0.5%) | $208,840 (1.7%) | 0.50 | 2,084 |
2019-09-01 | $158,775 (2.5%) | $206,653 (3.1%) | 0.51 | 2,090 |
2019-10-01 | $158,125 (5.5%) | $204,933 (3.3%) | 0.51 | 2,073 |
2019-11-01 | $158,500 (5.7%) | $206,298 (6.1%) | 0.52 | 1,898 |
2019-12-01 | $152,450 (5.2%) | $203,103 (7.4%) | 0.51 | 1,718 |
2020-01-01 | $149,900 (2.7%) | $197,588 (4.2%) | 0.50 | 1,567 |
2020-02-01 | $150,000 (2.7%) | $198,103 (3.1%) | 0.49 | 1,533 |
2020-03-01 | $157,225 (4.0%) | $199,114 (1.9%) | 0.49 | 1,485 |
2020-04-01 | $159,900 (3.3%) | $206,435 (3.1%) | 0.50 | 1,381 |
2020-05-01 | $165,000 (3.2%) | $210,467 (1.5%) | 0.50 | 1,340 |
2020-06-01 | $170,800 (6.8%) | $217,607 (3.7%) | 0.50 | 1,256 |
2020-07-01 | $175,000 (9.4%) | $240,359 (14.0%) | 0.51 | 1,095 |
2020-08-01 | $184,900 (16.0%) | $247,741 (18.6%) | 0.53 | 1,023 |
2020-09-01 | $182,400 (14.9%) | $253,988 (22.9%) | 0.52 | 975 |
2020-10-01 | $185,000 (17.0%) | $258,707 (26.2%) | 0.53 | 976 |
2020-11-01 | $179,900 (13.5%) | $256,632 (24.4%) | 0.53 | 924 |
2020-12-01 | $179,450 (17.7%) | $254,977 (25.5%) | 0.53 | 858 |
2021-01-01 | $169,250 (12.9%) | $246,866 (24.9%) | 0.51 | 755 |
2021-02-01 | $177,075 (18.1%) | $258,425 (30.5%) | 0.52 | 599 |
2021-03-01 | $183,725 (16.9%) | $274,938 (38.1%) | 0.52 | 524 |
2021-04-01 | $189,450 (18.5%) | $280,101 (35.7%) | 0.51 | 520 |
2021-05-01 | $199,000 (20.6%) | $295,339 (40.3%) | 0.53 | 573 |
2021-06-01 | $197,500 (15.6%) | $295,015 (35.6%) | 0.52 | 714 |
2021-07-01 | $199,900 (14.2%) | $282,180 (17.4%) | 0.53 | 809 |
2021-08-01 | $198,750 (7.5%) | $275,819 (11.3%) | 0.53 | 831 |
2021-09-01 | $190,950 (4.7%) | $273,482 (7.7%) | 0.51 | 834 |
2021-10-01 | $179,000 (-3.2%) | $263,468 (1.8%) | 0.48 | 832 |
2021-11-01 | $175,000 (-2.7%) | $260,370 (1.5%) | 0.47 | 762 |
2021-12-01 | $175,000 (-2.5%) | $262,608 (3.0%) | 0.47 | 676 |
2022-01-01 | $175,000 (3.4%) | $263,859 (6.9%) | 0.47 | 576 |
2022-02-01 | $179,450 (1.3%) | $286,744 (11.0%) | 0.47 | 421 |
2022-03-01 | $188,450 (2.6%) | $296,576 (7.9%) | 0.47 | 417 |
2022-04-01 | $217,000 (14.5%) | $306,663 (9.5%) | 0.52 | 447 |
2022-05-01 | $219,225 (10.2%) | $307,869 (4.2%) | 0.50 | 513 |
2022-06-01 | $225,000 (13.9%) | $309,141 (4.8%) | 0.50 | 640 |
2022-07-01 | $229,000 (14.6%) | $311,957 (10.6%) | 0.52 | 746 |
2022-08-01 | $225,000 (13.2%) | $302,117 (9.5%) | 0.52 | 798 |
2022-09-01 | $227,000 (18.9%) | $302,322 (10.6%) | 0.53 | 793 |
2022-10-01 | $225,000 (25.7%) | $301,407 (14.4%) | 0.53 | 822 |
2022-11-01 | $219,950 (25.7%) | $289,023 (11.0%) | 0.53 | 872 |
2022-12-01 | $215,000 (22.9%) | $295,432 (12.5%) | 0.53 | 797 |
2023-01-01 | $217,450 (24.3%) | $297,126 (12.6%) | 0.54 | 673 |
2023-02-01 | $217,000 (20.9%) | $293,096 (2.2%) | 0.52 | 597 |
2023-03-01 | $229,450 (21.8%) | $311,231 (4.9%) | 0.54 | 555 |
2023-04-01 | $235,000 (8.3%) | $313,089 (2.1%) | 0.55 | 566 |
2023-05-01 | $242,225 (10.5%) | $314,732 (2.2%) | 0.55 | 600 |
2023-06-01 | $250,000 (11.1%) | $331,871 (7.4%) | 0.56 | 649 |
2023-07-01 | $249,900 (9.1%) | $328,801 (5.4%) | 0.57 | 720 |
2023-08-01 | $240,000 (6.7%) | $321,815 (6.5%) | 0.55 | 777 |
2023-09-01 | $239,900 (5.7%) | $310,854 (2.8%) | 0.56 | 792 |
2023-10-01 | $239,495 (6.4%) | $305,659 (1.4%) | 0.56 | 818 |
2023-11-01 | $237,000 (7.8%) | $299,895 (3.8%) | 0.56 | 852 |
2023-12-01 | $240,000 (11.6%) | $308,303 (4.4%) | 0.59 | 831 |
2024-01-01 | $232,500 (6.9%) | $292,465 (-1.6%) | 0.57 | 741 |
2024-02-01 | $229,900 (5.9%) | $284,464 (-3.0%) | 0.55 | 692 |
2024-03-01 | $234,900 (2.4%) | $293,956 (-5.6%) | 0.55 | 651 |
2024-04-01 | $242,450 (3.2%) | $305,103 (-2.6%) | 0.56 | 630 |
2024-05-01 | $261,950 (8.1%) | $331,536 (5.3%) | 0.59 | 658 |
2024-06-01 | $264,950 (6.0%) | $334,073 (0.7%) | 0.60 | 769 |
2024-07-01 | $259,500 (3.8%) | $336,819 (2.4%) | 0.59 | 854 |
2024-08-01 | $249,900 (4.1%) | $335,746 (4.3%) | 0.58 | 909 |
2024-09-01 | $243,450 (1.5%) | $331,736 (6.7%) | 0.57 | 993 |
2024-10-01 | $249,500 (4.2%) | $335,618 (9.8%) | 0.59 | 992 |
2024-11-01 | $250,250 (5.6%) | $337,487 (12.5%) | 0.00 | 981 |
Scranton's median listing price comes in at 0% of the national average.
Scranton's average listing price for 2024-11-01 was $337,487, a difference of $37,592 (12.5%) versus the prior year and $1,869 versus the prior month.
For the 2024-11-01 period, Scranton had 981 MLS listings, a difference of -11 listings (-1%) versus the prior month and 129 listings (15%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Scranton (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 101 days | 1,750 sqft |
2018-02-01 | 107 days | 1,732 sqft |
2018-03-01 | 96 days | 1,759 sqft |
2018-04-01 | 72 days | 1,780 sqft |
2018-05-01 | 64 days | 1,840 sqft |
2018-06-01 | 60 days | 1,869 sqft |
2018-07-01 | 64 days | 1,862 sqft |
2018-08-01 | 70 days | 1,840 sqft |
2018-09-01 | 79 days | 1,844 sqft |
2018-10-01 | 83 days | 1,808 sqft |
2018-11-01 | 87 days | 1,797 sqft |
2018-12-01 | 96 days | 1,760 sqft |
2019-01-01 | 103 days | 1,763 sqft |
2019-02-01 | 109 days | 1,770 sqft |
2019-03-01 | 94 days | 1,788 sqft |
2019-04-01 | 71 days | 1,830 sqft |
2019-05-01 | 61 days | 1,845 sqft |
2019-06-01 | 62 days | 1,842 sqft |
2019-07-01 | 66 days | 1,825 sqft |
2019-08-01 | 71 days | 1,833 sqft |
2019-09-01 | 76 days | 1,847 sqft |
2019-10-01 | 80 days | 1,856 sqft |
2019-11-01 | 85 days | 1,845 sqft |
2019-12-01 | 97 days | 1,839 sqft |
2020-01-01 | 105 days | 1,800 sqft |
2020-02-01 | 103 days | 1,800 sqft |
2020-03-01 | 78 days | 1,800 sqft |
2020-04-01 | 91 days | 1,800 sqft |
2020-05-01 | 99 days | 1,805 sqft |
2020-06-01 | 93 days | 1,831 sqft |
2020-07-01 | 52 days | 1,857 sqft |
2020-08-01 | 49 days | 1,849 sqft |
2020-09-01 | 46 days | 1,823 sqft |
2020-10-01 | 44 days | 1,854 sqft |
2020-11-01 | 52 days | 1,814 sqft |
2020-12-01 | 62 days | 1,800 sqft |
2021-01-01 | 72 days | 1,745 sqft |
2021-02-01 | 70 days | 1,778 sqft |
2021-03-01 | 54 days | 1,800 sqft |
2021-04-01 | 35 days | 1,806 sqft |
2021-05-01 | 29 days | 1,803 sqft |
2021-06-01 | 28 days | 1,804 sqft |
2021-07-01 | 30 days | 1,800 sqft |
2021-08-01 | 35 days | 1,816 sqft |
2021-09-01 | 39 days | 1,816 sqft |
2021-10-01 | 41 days | 1,764 sqft |
2021-11-01 | 44 days | 1,749 sqft |
2021-12-01 | 55 days | 1,740 sqft |
2022-01-01 | 61 days | 1,770 sqft |
2022-02-01 | 58 days | 1,768 sqft |
2022-03-01 | 38 days | 1,777 sqft |
2022-04-01 | 26 days | 1,812 sqft |
2022-05-01 | 28 days | 1,837 sqft |
2022-06-01 | 29 days | 1,797 sqft |
2022-07-01 | 33 days | 1,824 sqft |
2022-08-01 | 39 days | 1,809 sqft |
2022-09-01 | 44 days | 1,837 sqft |
2022-10-01 | 46 days | 1,872 sqft |
2022-11-01 | 47 days | 1,797 sqft |
2022-12-01 | 63 days | 1,777 sqft |
2023-01-01 | 77 days | 1,771 sqft |
2023-02-01 | 76 days | 1,737 sqft |
2023-03-01 | 57 days | 1,791 sqft |
2023-04-01 | 42 days | 1,800 sqft |
2023-05-01 | 39 days | 1,832 sqft |
2023-06-01 | 37 days | 1,861 sqft |
2023-07-01 | 38 days | 1,852 sqft |
2023-08-01 | 39 days | 1,838 sqft |
2023-09-01 | 41 days | 1,829 sqft |
2023-10-01 | 43 days | 1,824 sqft |
2023-11-01 | 45 days | 1,800 sqft |
2023-12-01 | 54 days | 1,800 sqft |
2024-01-01 | 70 days | 1,774 sqft |
2024-02-01 | 65 days | 1,723 sqft |
2024-03-01 | 49 days | 1,726 sqft |
2024-04-01 | 42 days | 1,767 sqft |
2024-05-01 | 34 days | 1,781 sqft |
2024-06-01 | 36 days | 1,762 sqft |
2024-07-01 | 41 days | 1,801 sqft |
2024-08-01 | 43 days | 1,775 sqft |
2024-09-01 | 45 days | 1,758 sqft |
2024-10-01 | 49 days | 1,782 sqft |
2024-11-01 | 0 days | 1,800 sqft |
Scranton's median square footage for active listings during the 2024-11-01 period was 1,800 sqft. One year prior, the average listing was 1,800 sqft.