Syracuse USDA Loan Rates, Closing Costs & Stats

SYRACUSE, NY

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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.

    Syracuse's 6 lenders originated 7 USDA loans during 2023. The total origination value was $1,085,000, with an average USDA loan value of $155,000.

    Syracuse USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Syracuse averaged 6.48% for the week of 2024-04-19, compared to the national average (all USDA variants) of 6.863% for the same period.

    Syracuse's average USDA mortgage closing costs are $4,727.

    The average rate for the prior week (2024-04-12) was 6.33% and one month ago for the week of 2024-03-15, the average rate was 6.61%.

    The average rate one year ago was 5.95%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.61%.

    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

    Syracuse 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 Syracuse level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    PARAGON HOME LOANS INC. 2 6.94% $7,433
    BOKF 1 6.63% $8,913
    Genesee Regional Bank 1 6.63% $6,042
    HUNT MORTGAGE CORPORATION 1 6.63% $7,418
    MOVEMENT MORTGAGE, LLC 1 6.75% $7,593
    PLAZA HOME MORTGAGE, INC. 1 5.88% $9,467

    The top Syracuse USDA lender as defined by loan originations is PARAGON HOME LOANS INC., with 2 USDA loans originated. Their average total fees are $7,433, which is $1,480 lower than the next largest lender, BOKF.

    The lowest fee Syracuse USDA lenders (with over 10 loans originated) are .

    The lowest rate Syracuse USDA lenders (with over 10 loans originated) are .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Syracuse (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 $148,950 (5.5%) $200,081 (-0.9%) 0.55 1,810
    2018-02-01 $155,125 (6.4%) $207,401 (3.6%) 0.56 1,689
    2018-03-01 $163,400 (7.2%) $215,644 (3.4%) 0.57 1,672
    2018-04-01 $169,950 (3.0%) $225,201 (3.3%) 0.58 1,664
    2018-05-01 $174,900 (6.0%) $227,983 (3.8%) 0.58 1,740
    2018-06-01 $175,000 (5.1%) $237,118 (5.6%) 0.58 1,920
    2018-07-01 $179,700 (9.0%) $242,082 (10.8%) 0.60 2,033
    2018-08-01 $179,900 (9.1%) $240,878 (10.7%) 0.60 2,087
    2018-09-01 $175,000 (9.4%) $236,349 (12.1%) 0.59 2,061
    2018-10-01 $174,950 (9.7%) $235,491 (12.8%) 0.59 2,057
    2018-11-01 $169,950 (9.7%) $235,310 (13.3%) 0.58 1,923
    2018-12-01 $169,900 (13.3%) $238,105 (16.6%) 0.59 1,721
    2019-01-01 $167,450 (12.4%) $239,692 (19.8%) 0.58 1,493
    2019-02-01 $173,700 (12.0%) $235,187 (13.4%) 0.59 1,454
    2019-03-01 $185,614 (13.6%) $247,073 (14.6%) 0.61 1,445
    2019-04-01 $199,900 (17.6%) $264,669 (17.5%) 0.63 1,436
    2019-05-01 $199,900 (14.3%) $268,203 (17.6%) 0.62 1,479
    2019-06-01 $199,900 (14.2%) $269,571 (13.7%) 0.62 1,617
    2019-07-01 $199,900 (11.2%) $273,663 (13.1%) 0.63 1,726
    2019-08-01 $192,845 (7.2%) $262,388 (8.9%) 0.61 1,773
    2019-09-01 $185,564 (6.0%) $254,620 (7.7%) 0.59 1,798
    2019-10-01 $179,900 (2.8%) $248,245 (5.4%) 0.58 1,818
    2019-11-01 $176,900 (4.1%) $249,928 (6.2%) 0.58 1,687
    2019-12-01 $171,250 (0.8%) $252,807 (6.2%) 0.57 1,534
    2020-01-01 $166,880 (-0.3%) $251,098 (4.8%) 0.56 1,362
    2020-02-01 $176,900 (1.8%) $261,561 (11.2%) 0.58 1,267
    2020-03-01 $184,925 (-0.4%) $270,996 (9.7%) 0.58 1,167
    2020-04-01 $189,950 (-5.0%) $279,534 (5.6%) 0.60 1,091
    2020-05-01 $196,000 (-2.0%) $285,174 (6.3%) 0.60 1,020
    2020-06-01 $199,500 (-0.2%) $302,872 (12.4%) 0.59 1,073
    2020-07-01 $199,950 (0.0%) $316,797 (15.8%) 0.58 1,007
    2020-08-01 $199,900 (3.7%) $305,883 (16.6%) 0.57 1,008
    2020-09-01 $199,225 (7.4%) $308,869 (21.3%) 0.57 1,015
    2020-10-01 $189,900 (5.6%) $293,688 (18.3%) 0.54 1,019
    2020-11-01 $189,225 (7.0%) $296,132 (18.5%) 0.55 918
    2020-12-01 $186,450 (8.9%) $302,794 (19.8%) 0.55 852
    2021-01-01 $179,900 (7.8%) $304,095 (21.1%) 0.54 712
    2021-02-01 $196,450 (11.1%) $325,994 (24.6%) 0.57 595
    2021-03-01 $203,150 (9.9%) $335,491 (23.8%) 0.58 588
    2021-04-01 $219,450 (15.5%) $344,870 (23.4%) 0.59 619
    2021-05-01 $219,900 (12.2%) $353,925 (24.1%) 0.58 674
    2021-06-01 $222,400 (11.5%) $353,994 (16.9%) 0.59 786
    2021-07-01 $219,900 (10.0%) $350,205 (10.6%) 0.58 881
    2021-08-01 $194,900 (-2.5%) $316,297 (3.4%) 0.52 946
    2021-09-01 $188,950 (-5.2%) $315,999 (2.3%) 0.50 911
    2021-10-01 $189,900 (0.0%) $310,386 (5.7%) 0.51 908
    2021-11-01 $181,450 (-4.1%) $307,639 (3.9%) 0.49 778
    2021-12-01 $179,900 (-3.5%) $317,800 (5.0%) 0.49 647
    2022-01-01 $189,200 (5.2%) $320,760 (5.5%) 0.51 561
    2022-02-01 $185,425 (-5.6%) $339,731 (4.2%) 0.48 515
    2022-03-01 $195,850 (-3.6%) $342,021 (2.0%) 0.49 516
    2022-04-01 $199,900 (-8.9%) $337,195 (-2.2%) 0.48 524
    2022-05-01 $217,450 (-1.1%) $332,369 (-6.1%) 0.50 601
    2022-06-01 $229,950 (3.4%) $352,645 (-0.4%) 0.51 695
    2022-07-01 $234,900 (6.8%) $362,740 (3.6%) 0.53 774
    2022-08-01 $224,500 (15.2%) $353,837 (11.9%) 0.52 780
    2022-09-01 $219,900 (16.4%) $343,943 (8.8%) 0.51 783
    2022-10-01 $215,000 (13.2%) $338,092 (8.9%) 0.51 796
    2022-11-01 $211,225 (16.4%) $345,242 (12.2%) 0.51 737
    2022-12-01 $209,250 (16.3%) $360,076 (13.3%) 0.52 637
    2023-01-01 $205,000 (8.4%) $361,588 (12.7%) 0.51 537
    2023-02-01 $226,610 (22.2%) $366,748 (8.0%) 0.55 513
    2023-03-01 $234,900 (19.9%) $359,347 (5.1%) 0.55 516
    2023-04-01 $242,900 (21.5%) $369,479 (9.6%) 0.56 531
    2023-05-01 $229,400 (5.5%) $366,545 (10.3%) 0.52 543
    2023-06-01 $267,400 (16.3%) $390,796 (10.8%) 0.60 576
    2023-07-01 $260,000 (10.7%) $395,590 (9.1%) 0.59 602
    2023-08-01 $262,400 (16.9%) $387,396 (9.5%) 0.60 651
    2023-09-01 $256,250 (16.5%) $379,921 (10.5%) 0.60 680
    2023-10-01 $259,450 (20.7%) $377,457 (11.6%) 0.61 696
    2023-11-01 $242,900 (15.0%) $366,953 (6.3%) 0.58 687
    2023-12-01 $249,900 (19.4%) $366,179 (1.7%) 0.61 628
    2024-01-01 $256,950 (25.3%) $382,461 (5.8%) 0.63 576
    2024-02-01 $252,450 (11.4%) $382,569 (4.3%) 0.61 519
    2024-03-01 $274,900 (17.0%) $397,432 (10.6%) 0.65 516
    Syracuse's median listing price for 2024-03-01 was $274,900, a difference of $40,000 (17.0%) versus the prior year and $22,450 versus the prior month.

    Syracuse's median listing price comes in at 65% of the national average.

    Syracuse's average listing price for 2024-03-01 was $397,432, a difference of $38,085 (10.6%) versus the prior year and $14,863 versus the prior month.

    For the 2024-03-01 period, Syracuse had 516 MLS listings, a difference of -3 listings (-1%) versus the prior month and 0 listings (0%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Syracuse (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 89 days 1,678 sqft
    2018-02-01 94 days 1,693 sqft
    2018-03-01 73 days 1,719 sqft
    2018-04-01 58 days 1,735 sqft
    2018-05-01 50 days 1,767 sqft
    2018-06-01 46 days 1,776 sqft
    2018-07-01 49 days 1,787 sqft
    2018-08-01 57 days 1,784 sqft
    2018-09-01 64 days 1,764 sqft
    2018-10-01 69 days 1,769 sqft
    2018-11-01 73 days 1,766 sqft
    2018-12-01 85 days 1,753 sqft
    2019-01-01 91 days 1,754 sqft
    2019-02-01 79 days 1,757 sqft
    2019-03-01 63 days 1,784 sqft
    2019-04-01 52 days 1,816 sqft
    2019-05-01 51 days 1,800 sqft
    2019-06-01 45 days 1,800 sqft
    2019-07-01 48 days 1,799 sqft
    2019-08-01 53 days 1,780 sqft
    2019-09-01 61 days 1,773 sqft
    2019-10-01 67 days 1,766 sqft
    2019-11-01 71 days 1,758 sqft
    2019-12-01 83 days 1,748 sqft
    2020-01-01 97 days 1,727 sqft
    2020-02-01 100 days 1,749 sqft
    2020-03-01 87 days 1,773 sqft
    2020-04-01 88 days 1,786 sqft
    2020-05-01 96 days 1,799 sqft
    2020-06-01 68 days 1,810 sqft
    2020-07-01 54 days 1,805 sqft
    2020-08-01 59 days 1,795 sqft
    2020-09-01 59 days 1,790 sqft
    2020-10-01 55 days 1,780 sqft
    2020-11-01 66 days 1,768 sqft
    2020-12-01 76 days 1,758 sqft
    2021-01-01 80 days 1,717 sqft
    2021-02-01 79 days 1,761 sqft
    2021-03-01 58 days 1,758 sqft
    2021-04-01 42 days 1,752 sqft
    2021-05-01 42 days 1,776 sqft
    2021-06-01 40 days 1,789 sqft
    2021-07-01 43 days 1,738 sqft
    2021-08-01 48 days 1,701 sqft
    2021-09-01 51 days 1,679 sqft
    2021-10-01 57 days 1,680 sqft
    2021-11-01 67 days 1,639 sqft
    2021-12-01 74 days 1,633 sqft
    2022-01-01 77 days 1,645 sqft
    2022-02-01 75 days 1,640 sqft
    2022-03-01 63 days 1,643 sqft
    2022-04-01 51 days 1,651 sqft
    2022-05-01 38 days 1,686 sqft
    2022-06-01 35 days 1,719 sqft
    2022-07-01 43 days 1,729 sqft
    2022-08-01 49 days 1,731 sqft
    2022-09-01 56 days 1,705 sqft
    2022-10-01 58 days 1,664 sqft
    2022-11-01 61 days 1,645 sqft
    2022-12-01 72 days 1,630 sqft
    2023-01-01 84 days 1,616 sqft
    2023-02-01 83 days 1,652 sqft
    2023-03-01 64 days 1,655 sqft
    2023-04-01 54 days 1,667 sqft
    2023-05-01 54 days 1,613 sqft
    2023-06-01 49 days 1,700 sqft
    2023-07-01 50 days 1,715 sqft
    2023-08-01 52 days 1,693 sqft
    2023-09-01 54 days 1,700 sqft
    2023-10-01 57 days 1,700 sqft
    2023-11-01 54 days 1,663 sqft
    2023-12-01 61 days 1,619 sqft
    2024-01-01 73 days 1,621 sqft
    2024-02-01 79 days 1,603 sqft
    2024-03-01 61 days 1,630 sqft
    Syracuse's median listing age (time on market) for 2024-03-01 was 61 days. This is -5% shorter than the same period one year ago.

    Syracuse's median square footage for active listings during the 2024-03-01 period was 1,630 sqft. One year prior, the average listing was 1,655 sqft.