Trenton USDA Loans

TRENTON-PRINCETON, NJ

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.

Trenton USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Trenton averaged 5.47% for the week of 2022-05-13, compared to the national average (all USDA variants) of 5.294% for the same period.

The average rate for the prior week (2022-05-06) was 5.11% and one month ago for the week of 2022-04-08, the average rate was 4.77%.

The average rate one year ago was 2.98%.

For refis of the same type during the week of 2022-05-13, the average rate was 5.29%.

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

Trenton USDA Loan Lenders by Rates & Fees

The below table looks at the average fees and rates for USDA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Trenton level.

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees

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

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


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Trenton (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 $244,950 (2.3%) $399,536 (-2.9%) 0.90 1,304
2018-02-01 $249,000 (2.9%) $403,980 (-1.7%) 0.90 1,360
2018-03-01 $279,900 (11.0%) $436,297 (0.0%) 0.97 1,352
2018-04-01 $304,450 (8.8%) $475,084 (2.2%) 1.02 1,491
2018-05-01 $335,000 (12.1%) $503,485 (6.1%) 1.12 1,614
2018-06-01 $339,000 (13.2%) $499,097 (3.0%) 1.13 1,725
2018-07-01 $337,000 (12.3%) $486,763 (0.7%) 1.12 1,788
2018-08-01 $329,500 (8.2%) $481,724 (2.3%) 1.10 1,757
2018-09-01 $319,900 (8.6%) $470,512 (2.3%) 1.07 1,770
2018-10-01 $317,450 (13.4%) $465,831 (3.1%) 1.06 1,743
2018-11-01 $314,450 (18.9%) $469,671 (7.7%) 1.05 1,655
2018-12-01 $298,999 (19.7%) $446,345 (5.1%) 1.02 1,427
2019-01-01 $289,745 (18.3%) $441,225 (10.4%) 1.00 1,288
2019-02-01 $300,000 (20.5%) $462,930 (14.6%) 1.01 1,304
2019-03-01 $326,014 (16.5%) $483,404 (10.8%) 1.06 1,407
2019-04-01 $348,700 (14.5%) $512,042 (7.8%) 1.10 1,506
2019-05-01 $379,450 (13.3%) $534,496 (6.2%) 1.17 1,627
2019-06-01 $385,000 (13.6%) $545,943 (9.4%) 1.19 1,616
2019-07-01 $375,750 (11.5%) $535,918 (10.1%) 1.17 1,653
2019-08-01 $371,871 (12.9%) $524,913 (9.0%) 1.17 1,551
2019-09-01 $376,500 (17.7%) $529,109 (12.5%) 1.20 1,453
2019-10-01 $372,200 (17.3%) $541,755 (16.3%) 1.19 1,405
2019-11-01 $349,900 (11.3%) $538,250 (14.6%) 1.13 1,335
2019-12-01 $342,500 (14.6%) $534,601 (19.8%) 1.14 1,118
2020-01-01 $339,900 (17.3%) $532,410 (20.7%) 1.13 1,018
2020-02-01 $359,900 (20.0%) $553,986 (19.7%) 1.16 1,049
2020-03-01 $387,700 (18.9%) $592,667 (22.6%) 1.21 1,107
2020-04-01 $382,500 (9.7%) $582,690 (13.8%) 1.19 1,022
2020-05-01 $399,888 (5.4%) $572,382 (7.1%) 1.21 993
2020-06-01 $422,815 (9.8%) $601,276 (10.1%) 1.23 996
2020-07-01 $425,000 (13.1%) $612,116 (14.2%) 1.22 950
2020-08-01 $429,000 (15.4%) $627,006 (19.5%) 1.23 844
2020-09-01 $429,890 (14.2%) $634,573 (19.9%) 1.23 781
2020-10-01 $425,000 (14.2%) $619,905 (14.4%) 1.21 763
2020-11-01 $414,450 (18.5%) $611,842 (13.7%) 1.19 724
2020-12-01 $409,900 (19.7%) $601,238 (12.5%) 1.20 624
2021-01-01 $389,900 (14.7%) $592,981 (11.4%) 1.15 508
2021-02-01 $404,500 (12.4%) $688,961 (24.4%) 1.16 416
2021-03-01 $410,000 (5.8%) $690,859 (16.6%) 1.15 453
2021-04-01 $399,975 (4.6%) $678,877 (16.5%) 1.07 498
2021-05-01 $415,000 (3.8%) $656,767 (14.7%) 1.09 589
2021-06-01 $377,600 (-10.7%) $585,500 (-2.6%) 0.98 746
2021-07-01 $377,000 (-11.3%) $570,097 (-6.9%) 0.98 836
2021-08-01 $382,450 (-10.9%) $566,539 (-9.6%) 1.01 825
2021-09-01 $379,950 (-11.6%) $576,108 (-9.2%) 1.00 774
2021-10-01 $354,900 (-16.5%) $563,857 (-9.0%) 0.93 734
2021-11-01 $349,450 (-15.7%) $562,775 (-8.0%) 0.92 611
2021-12-01 $312,450 (-23.8%) $528,717 (-12.1%) 0.83 487
2022-01-01 $299,900 (-23.1%) $541,068 (-8.8%) 0.80 401
2022-02-01 $299,950 (-25.9%) $566,557 (-17.8%) 0.76 421
2022-03-01 $332,000 (-19.0%) $609,137 (-11.8%) 0.82 442
2022-04-01 $363,000 (-9.2%) $659,739 (-2.8%) 0.85 475
Trenton's median listing price for 2022-04-01 was $363,000, a difference of $-36,975 (-9.2%) versus the prior year and $31,000 versus the prior month.

Trenton's median listing price comes in at 85% of the national average.

Trenton's average listing price for 2022-04-01 was $659,739, a difference of $-19,138 (-2.8%) versus the prior year and $50,602 versus the prior month.

For the 2022-04-01 period, Trenton had 475 MLS listings, a difference of 33 listings (7%) versus the prior month and -23 listings (-5%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Trenton (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 94 days 1,566 sqft
2018-02-01 82 days 1,567 sqft
2018-03-01 61 days 1,615 sqft
2018-04-01 51 days 1,661 sqft
2018-05-01 48 days 1,735 sqft
2018-06-01 54 days 1,741 sqft
2018-07-01 60 days 1,750 sqft
2018-08-01 66 days 1,755 sqft
2018-09-01 72 days 1,708 sqft
2018-10-01 71 days 1,712 sqft
2018-11-01 71 days 1,711 sqft
2018-12-01 80 days 1,656 sqft
2019-01-01 85 days 1,690 sqft
2019-02-01 78 days 1,727 sqft
2019-03-01 53 days 1,766 sqft
2019-04-01 46 days 1,817 sqft
2019-05-01 47 days 1,902 sqft
2019-06-01 56 days 1,908 sqft
2019-07-01 62 days 1,896 sqft
2019-08-01 70 days 1,896 sqft
2019-09-01 73 days 1,915 sqft
2019-10-01 70 days 1,902 sqft
2019-11-01 71 days 1,856 sqft
2019-12-01 82 days 1,843 sqft
2020-01-01 84 days 1,827 sqft
2020-02-01 67 days 1,870 sqft
2020-03-01 44 days 1,925 sqft
2020-04-01 60 days 1,914 sqft
2020-05-01 74 days 1,924 sqft
2020-06-01 70 days 2,005 sqft
2020-07-01 49 days 1,987 sqft
2020-08-01 50 days 1,932 sqft
2020-09-01 51 days 1,925 sqft
2020-10-01 52 days 1,922 sqft
2020-11-01 55 days 1,866 sqft
2020-12-01 68 days 1,854 sqft
2021-01-01 77 days 1,825 sqft
2021-02-01 70 days 1,765 sqft
2021-03-01 37 days 1,791 sqft
2021-04-01 29 days 1,773 sqft
2021-05-01 33 days 1,782 sqft
2021-06-01 36 days 1,660 sqft
2021-07-01 36 days 1,656 sqft
2021-08-01 43 days 1,660 sqft
2021-09-01 49 days 1,661 sqft
2021-10-01 45 days 1,647 sqft
2021-11-01 51 days 1,609 sqft
2021-12-01 66 days 1,536 sqft
2022-01-01 62 days 1,500 sqft
2022-02-01 45 days 1,500 sqft
2022-03-01 42 days 1,524 sqft
2022-04-01 34 days 1,628 sqft
Trenton's median listing age (time on market) for 2022-04-01 was 34 days. This is 17% longer than the same period one year ago.

Trenton's median square footage for active listings during the 2022-04-01 period was 1,628 sqft. One year prior, the average listing was 1,773 sqft.