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 6.14% for the week of 2025-02-14, compared to the national average (all USDA variants) of 6.526% for the same period.

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

    The average rate for the prior week (2025-02-07) was 6.2% and one month ago for the week of 2025-01-10, the average rate was 6.34%.

    The average rate one year ago was 6.44%.

    For refis of the same type during the week of 2025-02-14, the average rate was 6.17%.

    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 $154,850 (6.2%) $207,290 (3.5%) 0.56 1,690
    2018-03-01 $162,900 (6.9%) $215,529 (3.4%) 0.57 1,673
    2018-04-01 $169,950 (3.0%) $225,078 (3.3%) 0.58 1,665
    2018-05-01 $174,900 (6.0%) $227,862 (3.7%) 0.58 1,741
    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%) $236,417 (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 (12.2%) $235,187 (13.5%) 0.59 1,454
    2019-03-01 $185,614 (13.9%) $247,073 (14.6%) 0.61 1,445
    2019-04-01 $199,900 (17.6%) $264,669 (17.6%) 0.63 1,436
    2019-05-01 $199,900 (14.3%) $268,203 (17.7%) 0.62 1,479
    2019-06-01 $199,900 (14.2%) $269,488 (13.7%) 0.62 1,618
    2019-07-01 $199,900 (11.2%) $273,587 (13.0%) 0.63 1,727
    2019-08-01 $192,700 (7.1%) $262,337 (8.9%) 0.61 1,774
    2019-09-01 $185,500 (6.0%) $254,597 (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 $200,750 (0.4%) $303,621 (12.7%) 0.59 1,074
    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 $189,200 (7.0%) $295,843 (18.4%) 0.55 917
    2020-12-01 $186,600 (9.0%) $302,772 (19.8%) 0.55 853
    2021-01-01 $179,900 (7.8%) $304,069 (21.1%) 0.54 713
    2021-02-01 $196,450 (11.1%) $325,645 (24.5%) 0.57 597
    2021-03-01 $202,400 (9.5%) $335,188 (23.7%) 0.58 589
    2021-04-01 $219,200 (15.4%) $344,570 (23.3%) 0.59 620
    2021-05-01 $219,900 (12.2%) $353,649 (24.0%) 0.58 675
    2021-06-01 $222,175 (10.7%) $353,745 (16.5%) 0.59 787
    2021-07-01 $219,900 (10.0%) $349,991 (10.5%) 0.58 882
    2021-08-01 $194,450 (-2.7%) $315,691 (3.2%) 0.52 947
    2021-09-01 $188,400 (-5.4%) $314,887 (2.0%) 0.50 911
    2021-10-01 $189,900 (0.0%) $309,476 (5.4%) 0.51 908
    2021-11-01 $181,200 (-4.2%) $307,452 (3.9%) 0.49 779
    2021-12-01 $179,900 (-3.6%) $317,568 (4.9%) 0.49 648
    2022-01-01 $188,500 (4.8%) $320,459 (5.4%) 0.51 562
    2022-02-01 $184,950 (-5.9%) $339,385 (4.2%) 0.48 516
    2022-03-01 $195,450 (-3.4%) $341,667 (1.9%) 0.49 517
    2022-04-01 $199,900 (-8.8%) $336,863 (-2.2%) 0.48 525
    2022-05-01 $217,450 (-1.1%) $332,070 (-6.1%) 0.50 602
    2022-06-01 $229,925 (3.5%) $352,357 (-0.4%) 0.51 696
    2022-07-01 $234,900 (6.8%) $362,483 (3.6%) 0.53 775
    2022-08-01 $224,125 (15.3%) $353,591 (12.0%) 0.52 781
    2022-09-01 $219,900 (16.7%) $343,712 (9.2%) 0.51 784
    2022-10-01 $214,950 (13.2%) $337,863 (9.2%) 0.51 797
    2022-11-01 $211,225 (16.6%) $344,896 (12.2%) 0.51 739
    2022-12-01 $209,000 (16.2%) $359,626 (13.2%) 0.52 638
    2023-01-01 $205,000 (8.8%) $361,588 (12.8%) 0.51 537
    2023-02-01 $226,610 (22.5%) $366,748 (8.1%) 0.55 513
    2023-03-01 $234,900 (20.2%) $359,347 (5.2%) 0.55 516
    2023-04-01 $242,900 (21.5%) $369,479 (9.7%) 0.56 531
    2023-05-01 $229,400 (5.5%) $366,545 (10.4%) 0.52 543
    2023-06-01 $267,400 (16.3%) $390,796 (10.9%) 0.60 576
    2023-07-01 $260,000 (10.7%) $395,590 (9.1%) 0.59 602
    2023-08-01 $262,175 (17.0%) $386,820 (9.4%) 0.60 652
    2023-09-01 $256,250 (16.5%) $379,921 (10.5%) 0.60 680
    2023-10-01 $259,450 (20.7%) $377,457 (11.7%) 0.61 696
    2023-11-01 $242,900 (15.0%) $366,953 (6.4%) 0.58 687
    2023-12-01 $249,900 (19.6%) $366,179 (1.8%) 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
    2024-04-01 $272,500 (12.2%) $381,724 (3.3%) 0.63 514
    2024-05-01 $314,900 (37.3%) $417,805 (14.0%) 0.72 558
    2024-06-01 $335,750 (25.6%) $431,060 (10.3%) 0.77 574
    2024-07-01 $337,450 (29.8%) $774,730 (95.8%) 0.79 659
    2024-08-01 $325,000 (24.0%) $743,814 (92.3%) 0.76 712
    2024-09-01 $299,450 (16.9%) $672,779 (77.1%) 0.71 829
    2024-10-01 $294,475 (13.5%) $653,491 (73.1%) 0.70 819
    2024-11-01 $285,000 (17.3%) $640,306 (74.5%) 0.68 805
    2024-12-01 $284,000 (13.7%) $679,411 (85.5%) 0.71 690
    2025-01-01 $289,450 (12.7%) $741,781 (94.0%) 0.00 595
    Syracuse's median listing price for 2025-01-01 was $289,450, a difference of $32,500 (12.7%) versus the prior year and $5,450 versus the prior month.

    Syracuse's median listing price comes in at 0% of the national average.

    Syracuse's average listing price for 2025-01-01 was $741,781, a difference of $359,320 (94.0%) versus the prior year and $62,370 versus the prior month.

    For the 2025-01-01 period, Syracuse had 595 MLS listings, a difference of -95 listings (-14%) versus the prior month and 19 listings (3%) 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 1,692 sqft
    2018-03-01 73 days 1,718 sqft
    2018-04-01 58 days 1,734 sqft
    2018-05-01 50 days 1,766 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 1,766 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 1,802 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 1,800 sqft
    2020-06-01 68 days 1,810 sqft
    2020-07-01 54 days 1,806 sqft
    2020-08-01 59 days 1,795 sqft
    2020-09-01 59 days 1,790 sqft
    2020-10-01 55 days 1,782 sqft
    2020-11-01 66 days 1,769 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 1,762 sqft
    2021-04-01 42 days 1,753 sqft
    2021-05-01 42 days 1,777 sqft
    2021-06-01 40 days 1,790 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 1,641 sqft
    2021-12-01 74 days 1,634 sqft
    2022-01-01 77 days 1,645 sqft
    2022-02-01 75 days 1,642 sqft
    2022-03-01 63 days 1,646 sqft
    2022-04-01 51 days 1,653 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 1,666 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 1,692 sqft
    2023-09-01 54 days 1,700 sqft
    2023-10-01 57 days 1,699 sqft
    2023-11-01 54 days 1,663 sqft
    2023-12-01 61 days 1,623 sqft
    2024-01-01 73 days 1,624 sqft
    2024-02-01 79 days 1,605 sqft
    2024-03-01 61 days 1,632 sqft
    2024-04-01 55 days 1,641 sqft
    2024-05-01 37 days 1,660 sqft
    2024-06-01 30 days 1,704 sqft
    2024-07-01 36 days 1,709 sqft
    2024-08-01 46 days 1,701 sqft
    2024-09-01 47 days 1,691 sqft
    2024-10-01 54 days 1,671 sqft
    2024-11-01 62 days 1,621 sqft
    2024-12-01 75 days 1,658 sqft
    2025-01-01 0 days 1,662 sqft
    Syracuse's median listing age (time on market) for 2025-01-01 was 0 days. This is -100% shorter than the same period one year ago.

    Syracuse's median square footage for active listings during the 2025-01-01 period was 1,662 sqft. One year prior, the average listing was 1,624 sqft.