Seneca Falls USDA Loan Rates, Closing Costs & Stats
Seneca Falls, NY
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.
Seneca Falls's 3 lenders originated 4 USDA loans during 2023. The total origination value was $550,000, with an average USDA loan value of $137,500.
Seneca Falls USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Seneca Falls
averaged
6.8%
for the week of 2024-04-19, compared to the national average (all USDA variants) of
6.863% for the same period.
Seneca Falls's average USDA mortgage closing costs are $4,883.
The average rate for the prior week (2024-04-12) was
6.75% and
one month ago for the week of 2024-03-15, the
average rate was 6.84%.
The average rate one year ago was 6.18%.
For refis of the same type during the week of 2024-04-19, the average rate
was 7.06%.
Seneca Falls 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 Seneca Falls level.
| Name | # of Loans | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
|---|---|---|---|
| UNITED WHOLESALE MORTGAGE, LLC | 2 | 5.62% | $8,210 |
| Premium Mortgage Corporation | 1 | 6.88% | $1,672 |
| Wells Fargo Bank | 1 | 5.38% | $2,221 |
The top Seneca Falls USDA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with
2 USDA loans originated. Their average total fees are
$8,210, which is $6,537
higher than the next largest lender,
Premium Mortgage Corporation.
The lowest fee Seneca Falls USDA lenders (with over 10 loans originated) are
.
The lowest rate Seneca Falls USDA lenders (with over 10 loans originated) are
.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Seneca Falls (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 | $141,000 (-2.7%) | $190,661 (-22.1%) | 0.00 | 111 |
| 2018-02-01 | $127,400 (-20.1%) | $182,792 (-26.8%) | 0.00 | 104 |
| 2018-03-01 | $140,450 (-27.8%) | $185,775 (-35.6%) | 0.00 | 104 |
| 2018-04-01 | $166,975 (-16.3%) | $220,602 (-14.0%) | 0.00 | 105 |
| 2018-05-01 | $188,500 (-10.0%) | $245,618 (-3.1%) | 0.00 | 110 |
| 2018-06-01 | $194,450 (-2.5%) | $245,373 (-1.7%) | 0.00 | 108 |
| 2018-07-01 | $202,400 (7.1%) | $259,274 (7.0%) | 0.00 | 106 |
| 2018-08-01 | $190,950 (3.5%) | $239,502 (0.9%) | 0.00 | 118 |
| 2018-09-01 | $179,900 (-1.1%) | $233,539 (-3.0%) | 0.00 | 118 |
| 2018-10-01 | $183,825 (3.1%) | $269,077 (16.4%) | 0.00 | 108 |
| 2018-11-01 | $177,175 (10.8%) | $265,506 (17.3%) | 0.00 | 114 |
| 2018-12-01 | $144,993 (-3.3%) | $251,255 (20.2%) | 0.00 | 106 |
| 2019-01-01 | $139,350 (-1.2%) | $252,936 (32.7%) | 0.00 | 103 |
| 2019-02-01 | $150,475 (18.1%) | $261,146 (42.9%) | 0.00 | 92 |
| 2019-03-01 | $164,429 (17.1%) | $262,359 (41.2%) | 0.00 | 88 |
| 2019-04-01 | $177,179 (6.1%) | $261,175 (18.4%) | 0.00 | 87 |
| 2019-05-01 | $203,650 (8.0%) | $272,652 (11.0%) | 0.00 | 93 |
| 2019-06-01 | $199,900 (2.8%) | $302,243 (23.2%) | 0.00 | 91 |
| 2019-07-01 | $192,450 (-4.9%) | $316,909 (22.2%) | 0.00 | 96 |
| 2019-08-01 | $188,536 (-1.3%) | $319,895 (33.6%) | 0.00 | 93 |
| 2019-09-01 | $186,491 (3.7%) | $328,719 (40.8%) | 0.00 | 91 |
| 2019-10-01 | $185,127 (0.7%) | $336,577 (25.1%) | 0.00 | 87 |
| 2019-11-01 | $175,400 (-1.0%) | $327,192 (23.2%) | 0.00 | 79 |
| 2019-12-01 | $169,200 (16.7%) | $294,311 (17.1%) | 0.00 | 75 |
| 2020-01-01 | $159,900 (14.8%) | $270,887 (7.1%) | 0.00 | 66 |
| 2020-02-01 | $150,750 (0.2%) | $261,954 (0.3%) | 0.00 | 71 |
| 2020-03-01 | $171,200 (4.1%) | $292,083 (11.3%) | 0.00 | 77 |
| 2020-04-01 | $171,200 (-3.4%) | $288,625 (10.5%) | 0.00 | 73 |
| 2020-05-01 | $177,700 (-12.7%) | $287,081 (5.3%) | 0.00 | 72 |
| 2020-06-01 | $184,500 (-7.7%) | $316,040 (4.6%) | 0.00 | 57 |
| 2020-07-01 | $194,450 (1.0%) | $331,721 (4.7%) | 0.00 | 52 |
| 2020-08-01 | $175,000 (-7.2%) | $317,628 (-0.7%) | 0.00 | 49 |
| 2020-09-01 | $172,400 (-7.6%) | $318,692 (-3.1%) | 0.00 | 49 |
| 2020-10-01 | $137,068 (-26.0%) | $256,342 (-23.8%) | 0.00 | 51 |
| 2020-11-01 | $141,909 (-19.1%) | $250,352 (-23.5%) | 0.00 | 47 |
| 2020-12-01 | $134,900 (-20.3%) | $242,870 (-17.5%) | 0.00 | 46 |
| 2021-01-01 | $132,000 (-17.5%) | $279,126 (3.0%) | 0.00 | 39 |
| 2021-02-01 | $130,950 (-13.1%) | $308,262 (17.7%) | 0.00 | 29 |
| 2021-03-01 | $152,400 (-11.0%) | $367,607 (25.9%) | 0.00 | 28 |
| 2021-04-01 | $139,900 (-18.3%) | $341,496 (18.3%) | 0.00 | 24 |
| 2021-05-01 | $154,900 (-12.8%) | $348,315 (21.3%) | 0.00 | 24 |
| 2021-06-01 | $177,450 (-3.8%) | $396,036 (25.3%) | 0.00 | 36 |
| 2021-07-01 | $175,000 (-10.0%) | $473,054 (42.6%) | 0.00 | 45 |
| 2021-08-01 | $198,475 (13.4%) | $347,538 (9.4%) | 0.00 | 38 |
| 2021-09-01 | $214,900 (24.7%) | $346,756 (8.8%) | 0.00 | 34 |
| 2021-10-01 | $203,725 (48.6%) | $370,401 (44.5%) | 0.00 | 31 |
| 2021-11-01 | $205,725 (45.0%) | $319,277 (27.5%) | 0.00 | 32 |
| 2021-12-01 | $167,450 (24.1%) | $260,685 (7.3%) | 0.00 | 23 |
| 2022-01-01 | $124,900 (-5.4%) | $189,996 (-31.9%) | 0.00 | 21 |
| 2022-02-01 | $135,400 (3.4%) | $209,335 (-32.1%) | 0.00 | 19 |
| 2022-03-01 | $145,750 (-4.4%) | $196,623 (-46.5%) | 0.00 | 26 |
| 2022-04-01 | $179,400 (28.2%) | $291,045 (-14.8%) | 0.00 | 31 |
| 2022-05-01 | $219,675 (41.8%) | $295,883 (-15.1%) | 0.00 | 28 |
| 2022-06-01 | $255,950 (44.2%) | $379,112 (-4.3%) | 0.00 | 37 |
| 2022-07-01 | $219,900 (25.7%) | $322,280 (-31.9%) | 0.00 | 36 |
| 2022-08-01 | $157,475 (-20.7%) | $303,882 (-12.6%) | 0.00 | 41 |
| 2022-09-01 | $149,900 (-30.3%) | $236,889 (-31.7%) | 0.00 | 36 |
| 2022-10-01 | $155,900 (-23.5%) | $282,258 (-23.8%) | 0.00 | 35 |
| 2022-11-01 | $158,900 (-22.8%) | $333,722 (4.5%) | 0.00 | 37 |
| 2022-12-01 | $165,900 (-0.9%) | $345,439 (32.5%) | 0.00 | 32 |
| 2023-01-01 | $164,950 (32.1%) | $300,018 (57.9%) | 0.00 | 28 |
| 2023-02-01 | $171,700 (26.8%) | $312,691 (49.4%) | 0.00 | 25 |
| 2023-03-01 | $192,200 (31.9%) | $356,878 (81.5%) | 0.00 | 26 |
| 2023-04-01 | $239,900 (33.7%) | $416,195 (43.0%) | 0.00 | 31 |
| 2023-05-01 | $339,750 (54.7%) | $488,846 (65.2%) | 0.00 | 31 |
| 2023-06-01 | $385,250 (50.5%) | $500,950 (32.1%) | 0.00 | 33 |
| 2023-07-01 | $299,000 (36.0%) | $471,683 (46.4%) | 0.00 | 38 |
| 2023-08-01 | $284,950 (81.0%) | $453,279 (49.2%) | 0.00 | 44 |
| 2023-09-01 | $252,450 (68.4%) | $422,675 (78.4%) | 0.00 | 50 |
| 2023-10-01 | $244,950 (57.1%) | $392,434 (39.0%) | 0.00 | 54 |
| 2023-11-01 | $251,175 (58.1%) | $410,087 (22.9%) | 0.00 | 51 |
| 2023-12-01 | $188,700 (13.7%) | $347,044 (0.5%) | 0.00 | 37 |
| 2024-01-01 | $189,900 (15.1%) | $392,155 (30.7%) | 0.00 | 25 |
| 2024-02-01 | $204,450 (19.1%) | $467,857 (49.6%) | 0.00 | 18 |
| 2024-03-01 | $279,400 (45.4%) | $472,361 (32.4%) | 0.00 | 19 |
Seneca Falls's median listing price comes in at 0% of the national average.
Seneca Falls's average listing price for 2024-03-01 was $472,361, a difference of $115,483 (32.4%) versus the prior year and $4,504 versus the prior month.
For the 2024-03-01 period, Seneca Falls had 19 MLS listings, a difference of 1 listings (6%) versus the prior month and -7 listings (-27%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Seneca Falls (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 0 days | 1,750 sqft |
| 2018-02-01 | 0 days | 1,669 sqft |
| 2018-03-01 | 0 days | 1,660 sqft |
| 2018-04-01 | 0 days | 1,712 sqft |
| 2018-05-01 | 0 days | 1,774 sqft |
| 2018-06-01 | 0 days | 1,700 sqft |
| 2018-07-01 | 0 days | 1,848 sqft |
| 2018-08-01 | 0 days | 1,796 sqft |
| 2018-09-01 | 0 days | 1,783 sqft |
| 2018-10-01 | 0 days | 1,746 sqft |
| 2018-11-01 | 0 days | 1,746 sqft |
| 2018-12-01 | 0 days | 1,704 sqft |
| 2019-01-01 | 0 days | 1,701 sqft |
| 2019-02-01 | 0 days | 1,703 sqft |
| 2019-03-01 | 0 days | 1,699 sqft |
| 2019-04-01 | 0 days | 1,699 sqft |
| 2019-05-01 | 0 days | 1,734 sqft |
| 2019-06-01 | 0 days | 1,827 sqft |
| 2019-07-01 | 0 days | 1,754 sqft |
| 2019-08-01 | 0 days | 1,796 sqft |
| 2019-09-01 | 0 days | 1,772 sqft |
| 2019-10-01 | 0 days | 1,753 sqft |
| 2019-11-01 | 0 days | 1,768 sqft |
| 2019-12-01 | 0 days | 1,707 sqft |
| 2020-01-01 | 0 days | 1,681 sqft |
| 2020-02-01 | 0 days | 1,691 sqft |
| 2020-03-01 | 0 days | 1,730 sqft |
| 2020-04-01 | 0 days | 1,760 sqft |
| 2020-05-01 | 0 days | 1,752 sqft |
| 2020-06-01 | 0 days | 1,776 sqft |
| 2020-07-01 | 0 days | 1,970 sqft |
| 2020-08-01 | 0 days | 1,900 sqft |
| 2020-09-01 | 0 days | 1,877 sqft |
| 2020-10-01 | 0 days | 1,792 sqft |
| 2020-11-01 | 0 days | 1,690 sqft |
| 2020-12-01 | 0 days | 1,679 sqft |
| 2021-01-01 | 0 days | 1,792 sqft |
| 2021-02-01 | 0 days | 1,823 sqft |
| 2021-03-01 | 0 days | 1,667 sqft |
| 2021-04-01 | 0 days | 1,665 sqft |
| 2021-05-01 | 0 days | 1,701 sqft |
| 2021-06-01 | 0 days | 1,809 sqft |
| 2021-07-01 | 0 days | 1,820 sqft |
| 2021-08-01 | 0 days | 1,898 sqft |
| 2021-09-01 | 0 days | 1,799 sqft |
| 2021-10-01 | 0 days | 1,885 sqft |
| 2021-11-01 | 0 days | 1,870 sqft |
| 2021-12-01 | 0 days | 1,879 sqft |
| 2022-01-01 | 0 days | 1,733 sqft |
| 2022-02-01 | 0 days | 1,783 sqft |
| 2022-03-01 | 0 days | 1,645 sqft |
| 2022-04-01 | 0 days | 1,602 sqft |
| 2022-05-01 | 0 days | 1,821 sqft |
| 2022-06-01 | 0 days | 1,723 sqft |
| 2022-07-01 | 0 days | 1,616 sqft |
| 2022-08-01 | 0 days | 1,439 sqft |
| 2022-09-01 | 0 days | 1,438 sqft |
| 2022-10-01 | 0 days | 1,530 sqft |
| 2022-11-01 | 0 days | 1,794 sqft |
| 2022-12-01 | 0 days | 1,748 sqft |
| 2023-01-01 | 0 days | 1,469 sqft |
| 2023-02-01 | 0 days | 1,712 sqft |
| 2023-03-01 | 0 days | 1,867 sqft |
| 2023-04-01 | 0 days | 1,913 sqft |
| 2023-05-01 | 0 days | 1,857 sqft |
| 2023-06-01 | 0 days | 1,897 sqft |
| 2023-07-01 | 0 days | 1,888 sqft |
| 2023-08-01 | 0 days | 1,918 sqft |
| 2023-09-01 | 0 days | 1,705 sqft |
| 2023-10-01 | 0 days | 1,670 sqft |
| 2023-11-01 | 0 days | 1,866 sqft |
| 2023-12-01 | 0 days | 1,738 sqft |
| 2024-01-01 | 0 days | 1,926 sqft |
| 2024-02-01 | 0 days | 1,612 sqft |
| 2024-03-01 | 0 days | 1,534 sqft |
Seneca Falls's median square footage for active listings during the 2024-03-01 period was 1,534 sqft. One year prior, the average listing was 1,867 sqft.