State College USDA Loan Rates, Closing Costs & Stats
STATE COLLEGE, 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.
State College's 5 lenders originated 13 USDA loans during 2024. The total origination value was $2,745,000, with an average USDA loan value of $211,154.
State College USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in State College
averaged
0.02%
for the week of 2025-06-20, compared to the national average (all USDA variants) of
0% for the same period.
State College's average USDA mortgage closing costs are $6,366.
The average rate for the prior week (2025-06-13) was
6.62% and
one month ago for the week of 2025-05-16, the
average rate was 6.68%.
The average rate one year ago was 7.01%.
For refis of the same type during the week of 2025-06-20, the average rate
was 0.31%.
State College 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 State College level.
| Name | # of Loans | 2024 Avg. 30yFix Rate | 2024 Avg. Closing Costs |
|---|---|---|---|
| Jersey Shore State Bank | 3 | 5.96% | $8,765 |
| Century Mortgage Company DBA Century Lending Company | 1 | 5.63% | $6,914 |
| Kish Bank | 1 | 6.00% | $5,491 |
| NEWREZ LLC | 1 | 7.75% | $5,778 |
| TOWNE MORTGAGE COMPANY | 1 | 6.25% | $9,887 |
The top State College USDA lender as defined by loan originations is Jersey Shore State Bank, with
3 USDA loans originated. Their average total fees are
$8,765, which is $1,851
higher than the next largest lender,
Century Mortgage Company DBA Century Lending Company.
The lowest fee State College USDA lenders (with over 10 loans originated) are
.
The lowest rate State College USDA lenders (with over 10 loans originated) are
.