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 32 USDA loans during 2022. The total origination value was $5,030,000, with an average USDA loan value of $157,188.
Scranton USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Scranton
averaged
-0.42%
for the week of 2023-11-24, compared to the national average (all USDA variants) of
0% for the same period.
Scranton's average USDA mortgage closing costs are $5,264.
The average rate for the prior week (2023-11-17) was
7.07% and
one month ago for the week of 2023-10-20, the
average rate was 7.09%.
The average rate one year ago was 6.33%.
For refis of the same type during the week of 2023-11-24, the average rate
was -1.48%.
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 | 2022 Avg. 30yFix Rate | 2022 Avg. Closing Costs |
---|---|---|---|
GUILD MORTGAGE COMPANY | 8 | 5.61% | $6,309 |
Century Mortgage Company DBA Century Lending Company | 5 | 4.45% | $6,336 |
ALLIED MORTGAGE GROUP, INC. | 4 | 4.09% | $8,245 |
SWBC MORTGAGE CORPORATION | 2 | 5.69% | $2,522 |
ARK-LA-TEX FINANCIAL SERVICES, LLC. | 2 | 3.69% | $4,894 |
Summit Mortgage Corporation | 1 | 4.63% | $4,773 |
Truist | 1 | 5.00% | $8,047 |
UNITED WHOLESALE MORTGAGE, LLC | 1 | 6.95% | $5,685 |
CALIBER HOME LOANS, INC. | 1 | 6.75% | $9,894 |
CARDINAL FINANCIAL | 1 | 4.50% | $7,776 |
MICHIGAN MUTUAL, INC. | 1 | 4.13% | $4,613 |
PENNYMAC LOAN SERVICES, LLC | 1 | 2.75% | $3,303 |
The top Scranton USDA lender as defined by loan originations is GUILD MORTGAGE COMPANY, with
8 USDA loans originated. Their average total fees are
$6,309, which is $27
lower 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 | $133,975 (4.9%) | $179,457 (3.9%) | 0.50 | 1,977 |
2018-02-01 | $135,000 (5.1%) | $181,359 (4.4%) | 0.49 | 1,889 |
2018-03-01 | $139,950 (4.8%) | $187,550 (3.5%) | 0.49 | 1,875 |
2018-04-01 | $145,450 (4.0%) | $192,057 (1.9%) | 0.49 | 1,949 |
2018-05-01 | $149,950 (5.4%) | $199,764 (4.8%) | 0.50 | 2,081 |
2018-06-01 | $159,000 (9.4%) | $204,438 (6.7%) | 0.53 | 2,223 |
2018-07-01 | $159,900 (7.7%) | $206,880 (9.8%) | 0.53 | 2,316 |
2018-08-01 | $158,450 (10.9%) | $205,189 (9.1%) | 0.53 | 2,331 |
2018-09-01 | $154,900 (8.3%) | $200,238 (6.8%) | 0.52 | 2,367 |
2018-10-01 | $149,900 (4.8%) | $198,313 (6.4%) | 0.51 | 2,326 |
2018-11-01 | $149,900 (7.2%) | $194,518 (4.6%) | 0.51 | 2,218 |
2018-12-01 | $144,900 (5.2%) | $189,076 (3.9%) | 0.50 | 2,060 |
2019-01-01 | $145,945 (8.9%) | $189,688 (5.7%) | 0.50 | 1,856 |
2019-02-01 | $146,000 (8.2%) | $192,143 (6.0%) | 0.49 | 1,762 |
2019-03-01 | $151,143 (8.0%) | $195,577 (4.3%) | 0.49 | 1,744 |
2019-04-01 | $155,000 (6.6%) | $200,463 (4.4%) | 0.49 | 1,769 |
2019-05-01 | $159,900 (6.6%) | $207,566 (3.9%) | 0.50 | 1,853 |
2019-06-01 | $160,000 (0.6%) | $210,113 (2.8%) | 0.50 | 1,968 |
2019-07-01 | $159,949 (0.0%) | $210,805 (1.9%) | 0.50 | 2,073 |
2019-08-01 | $159,382 (0.6%) | $208,781 (1.8%) | 0.50 | 2,081 |
2019-09-01 | $158,605 (2.4%) | $206,476 (3.1%) | 0.51 | 2,087 |
2019-10-01 | $157,750 (5.2%) | $204,601 (3.2%) | 0.51 | 2,071 |
2019-11-01 | $158,500 (5.7%) | $205,971 (5.9%) | 0.52 | 1,896 |
2019-12-01 | $152,450 (5.2%) | $202,749 (7.2%) | 0.51 | 1,715 |
2020-01-01 | $149,900 (2.7%) | $197,158 (3.9%) | 0.50 | 1,565 |
2020-02-01 | $150,000 (2.7%) | $197,679 (2.9%) | 0.49 | 1,531 |
2020-03-01 | $156,975 (3.9%) | $198,636 (1.6%) | 0.49 | 1,484 |
2020-04-01 | $159,900 (3.2%) | $205,909 (2.7%) | 0.50 | 1,380 |
2020-05-01 | $165,000 (3.2%) | $210,075 (1.2%) | 0.50 | 1,339 |
2020-06-01 | $170,800 (6.8%) | $217,589 (3.6%) | 0.50 | 1,257 |
2020-07-01 | $175,000 (9.4%) | $240,397 (14.0%) | 0.51 | 1,094 |
2020-08-01 | $184,900 (16.0%) | $247,708 (18.6%) | 0.53 | 1,024 |
2020-09-01 | $182,400 (15.0%) | $253,941 (23.0%) | 0.52 | 976 |
2020-10-01 | $185,000 (17.3%) | $258,694 (26.4%) | 0.53 | 976 |
2020-11-01 | $179,900 (13.5%) | $256,632 (24.6%) | 0.53 | 924 |
2020-12-01 | $179,350 (17.7%) | $254,629 (25.6%) | 0.53 | 857 |
2021-01-01 | $169,000 (12.7%) | $246,487 (25.0%) | 0.50 | 754 |
2021-02-01 | $176,450 (17.6%) | $257,955 (30.5%) | 0.51 | 598 |
2021-03-01 | $182,500 (16.3%) | $274,386 (38.1%) | 0.52 | 523 |
2021-04-01 | $189,450 (18.5%) | $279,815 (35.9%) | 0.51 | 518 |
2021-05-01 | $197,250 (19.6%) | $294,917 (40.4%) | 0.52 | 572 |
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 (11.4%) | 0.53 | 831 |
2021-09-01 | $191,575 (5.0%) | $273,435 (7.7%) | 0.51 | 835 |
2021-10-01 | $179,000 (-3.2%) | $263,413 (1.8%) | 0.48 | 833 |
2021-11-01 | $175,000 (-2.7%) | $260,345 (1.5%) | 0.47 | 762 |
2021-12-01 | $175,000 (-2.4%) | $262,608 (3.1%) | 0.47 | 676 |
2022-01-01 | $175,000 (3.6%) | $263,859 (7.1%) | 0.47 | 576 |
2022-02-01 | $179,450 (1.7%) | $286,744 (11.2%) | 0.47 | 421 |
2022-03-01 | $188,450 (3.3%) | $296,576 (8.1%) | 0.47 | 417 |
2022-04-01 | $217,000 (14.5%) | $306,663 (9.6%) | 0.52 | 447 |
2022-05-01 | $219,225 (11.1%) | $308,018 (4.4%) | 0.50 | 514 |
2022-06-01 | $225,000 (13.9%) | $309,399 (4.9%) | 0.50 | 641 |
2022-07-01 | $229,900 (15.0%) | $313,307 (11.0%) | 0.52 | 748 |
2022-08-01 | $225,000 (13.2%) | $303,626 (10.1%) | 0.52 | 799 |
2022-09-01 | $227,000 (18.5%) | $303,844 (11.1%) | 0.53 | 794 |
2022-10-01 | $229,000 (27.9%) | $302,801 (15.0%) | 0.54 | 824 |
2022-11-01 | $219,950 (25.7%) | $290,457 (11.6%) | 0.53 | 873 |
2022-12-01 | $215,000 (22.9%) | $296,039 (12.7%) | 0.53 | 798 |
2023-01-01 | $217,700 (24.4%) | $297,685 (12.8%) | 0.54 | 673 |
2023-02-01 | $217,000 (20.9%) | $293,728 (2.4%) | 0.52 | 598 |
2023-03-01 | $229,450 (21.8%) | $311,484 (5.0%) | 0.54 | 556 |
2023-04-01 | $239,000 (10.1%) | $313,599 (2.3%) | 0.56 | 568 |
2023-05-01 | $242,450 (10.6%) | $315,200 (2.3%) | 0.55 | 601 |
2023-06-01 | $250,000 (11.1%) | $332,037 (7.3%) | 0.56 | 649 |
2023-07-01 | $249,900 (8.7%) | $328,484 (4.8%) | 0.57 | 721 |
2023-08-01 | $240,000 (6.7%) | $321,815 (6.0%) | 0.55 | 777 |
2023-09-01 | $239,900 (5.7%) | $310,854 (2.3%) | 0.56 | 792 |
2023-10-01 | $239,495 (4.6%) | $305,659 (0.9%) | 0.56 | 818 |
Scranton's median listing price comes in at 56% of the national average.
Scranton's average listing price for 2023-10-01 was $305,659, a difference of $2,858 (0.9%) versus the prior year and $-5,195 versus the prior month.
For the 2023-10-01 period, Scranton had 818 MLS listings, a difference of 26 listings (3%) versus the prior month and -6 listings (-1%) 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 | 1,733 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 | 61 days | 1,870 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 | 1,799 sqft |
2018-12-01 | 96 days | 1,761 sqft |
2019-01-01 | 104 days | 1,765 sqft |
2019-02-01 | 109 days | 1,770 sqft |
2019-03-01 | 94 days | 1,789 sqft |
2019-04-01 | 71 days | 1,831 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 | 1,832 sqft |
2019-09-01 | 76 days | 1,844 sqft |
2019-10-01 | 80 days | 1,853 sqft |
2019-11-01 | 84 days | 1,845 sqft |
2019-12-01 | 96 days | 1,839 sqft |
2020-01-01 | 104 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 | 1,804 sqft |
2020-06-01 | 93 days | 1,832 sqft |
2020-07-01 | 52 days | 1,859 sqft |
2020-08-01 | 49 days | 1,848 sqft |
2020-09-01 | 46 days | 1,821 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 | 1,750 sqft |
2021-02-01 | 70 days | 1,778 sqft |
2021-03-01 | 54 days | 1,800 sqft |
2021-04-01 | 35 days | 1,811 sqft |
2021-05-01 | 29 days | 1,805 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 | 1,817 sqft |
2021-10-01 | 41 days | 1,770 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 | 1,799 sqft |
2022-07-01 | 33 days | 1,832 sqft |
2022-08-01 | 40 days | 1,810 sqft |
2022-09-01 | 45 days | 1,844 sqft |
2022-10-01 | 46 days | 1,874 sqft |
2022-11-01 | 48 days | 1,804 sqft |
2022-12-01 | 63 days | 1,780 sqft |
2023-01-01 | 77 days | 1,773 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 | 1,855 sqft |
2023-07-01 | 38 days | 1,851 sqft |
2023-08-01 | 39 days | 1,838 sqft |
2023-09-01 | 41 days | 1,822 sqft |
2023-10-01 | 43 days | 1,824 sqft |
Scranton's median square footage for active listings during the 2023-10-01 period was 1,824 sqft. One year prior, the average listing was 1,874 sqft.