Utica USDA Loan Rates, Closing Costs & Stats
UTICA-ROME, 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.
Utica's 8 lenders originated 14 USDA loans during 2023. The total origination value was $1,720,000, with an average USDA loan value of $122,857.
Utica USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Utica
averaged
-0.31%
for the week of 2024-11-15, compared to the national average (all USDA variants) of
0% for the same period.
Utica's average USDA mortgage closing costs are $4,849.
The average rate for the prior week (2024-11-08) was
6.05% and
one month ago for the week of 2024-10-11, the
average rate was 6.01%.
The average rate one year ago was 7.34%.
For refis of the same type during the week of 2024-11-15, the average rate
was 0.03%.
Utica 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 Utica level.
| Name | # of Loans | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
|---|---|---|---|
| PLAZA HOME MORTGAGE, INC. | 4 | 5.72% | $7,623 |
| HUNT MORTGAGE CORPORATION | 2 | 7.06% | $7,175 |
| Bank of England | 2 | 6.88% | $8,918 |
| MOVEMENT MORTGAGE, LLC | 1 | 7.25% | $7,258 |
| PARAGON HOME LOANS INC. | 1 | 7.13% | $5,598 |
| Premium Mortgage Corporation | 1 | 7.25% | $4,071 |
| Community Bank | 1 | 6.50% | $4,129 |
| HOMESTEAD FUNDING CORP. | 1 | 6.25% | $1,384 |
The top Utica USDA lender as defined by loan originations is PLAZA HOME MORTGAGE, INC., with
4 USDA loans originated. Their average total fees are
$7,623, which is $448
higher than the next largest lender,
HUNT MORTGAGE CORPORATION.
The lowest fee Utica USDA lenders (with over 10 loans originated) are
.
The lowest rate Utica USDA lenders (with over 10 loans originated) are
.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Utica (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 | $124,425 (3.8%) | $188,284 (7.1%) | 0.46 | 903 |
| 2018-02-01 | $125,975 (0.9%) | $193,025 (6.2%) | 0.46 | 878 |
| 2018-03-01 | $129,250 (-0.2%) | $196,765 (5.9%) | 0.45 | 849 |
| 2018-04-01 | $139,250 (7.2%) | $204,120 (7.6%) | 0.47 | 846 |
| 2018-05-01 | $138,450 (2.6%) | $203,655 (6.6%) | 0.46 | 865 |
| 2018-06-01 | $149,000 (6.5%) | $216,767 (13.6%) | 0.50 | 979 |
| 2018-07-01 | $149,900 (2.0%) | $218,719 (12.6%) | 0.50 | 1,064 |
| 2018-08-01 | $146,475 (4.3%) | $213,433 (5.3%) | 0.49 | 1,106 |
| 2018-09-01 | $144,900 (3.6%) | $210,792 (6.9%) | 0.49 | 1,129 |
| 2018-10-01 | $135,375 (-0.8%) | $197,863 (1.3%) | 0.46 | 1,091 |
| 2018-11-01 | $133,200 (0.0%) | $199,757 (2.3%) | 0.45 | 1,008 |
| 2018-12-01 | $129,900 (0.7%) | $197,690 (3.9%) | 0.45 | 943 |
| 2019-01-01 | $129,900 (4.4%) | $201,842 (7.2%) | 0.45 | 859 |
| 2019-02-01 | $131,175 (4.1%) | $208,257 (7.9%) | 0.44 | 769 |
| 2019-03-01 | $139,929 (8.3%) | $217,116 (10.3%) | 0.46 | 744 |
| 2019-04-01 | $149,900 (7.7%) | $223,671 (9.6%) | 0.48 | 730 |
| 2019-05-01 | $154,900 (11.9%) | $222,900 (9.5%) | 0.48 | 749 |
| 2019-06-01 | $154,900 (4.0%) | $225,761 (4.2%) | 0.48 | 818 |
| 2019-07-01 | $159,900 (6.7%) | $226,446 (3.5%) | 0.50 | 886 |
| 2019-08-01 | $157,868 (7.8%) | $223,864 (4.9%) | 0.50 | 908 |
| 2019-09-01 | $154,820 (6.9%) | $224,557 (6.5%) | 0.50 | 915 |
| 2019-10-01 | $151,175 (11.7%) | $225,019 (13.7%) | 0.49 | 907 |
| 2019-11-01 | $145,900 (9.5%) | $222,199 (11.2%) | 0.48 | 855 |
| 2019-12-01 | $145,450 (12.0%) | $221,943 (12.3%) | 0.49 | 764 |
| 2020-01-01 | $144,950 (11.6%) | $227,115 (12.5%) | 0.48 | 671 |
| 2020-02-01 | $148,000 (12.8%) | $229,566 (10.2%) | 0.48 | 629 |
| 2020-03-01 | $154,900 (10.7%) | $223,725 (3.0%) | 0.49 | 590 |
| 2020-04-01 | $156,975 (4.7%) | $235,692 (5.4%) | 0.49 | 566 |
| 2020-05-01 | $169,900 (9.7%) | $248,395 (11.4%) | 0.52 | 566 |
| 2020-06-01 | $179,450 (15.9%) | $249,119 (10.4%) | 0.53 | 538 |
| 2020-07-01 | $169,900 (6.3%) | $249,554 (10.2%) | 0.49 | 532 |
| 2020-08-01 | $170,950 (8.3%) | $242,580 (8.4%) | 0.49 | 513 |
| 2020-09-01 | $172,450 (11.4%) | $237,585 (5.8%) | 0.49 | 513 |
| 2020-10-01 | $169,900 (12.4%) | $233,247 (3.7%) | 0.49 | 538 |
| 2020-11-01 | $169,800 (16.4%) | $223,346 (0.5%) | 0.50 | 513 |
| 2020-12-01 | $167,450 (15.1%) | $222,431 (0.2%) | 0.50 | 475 |
| 2021-01-01 | $164,700 (13.6%) | $228,334 (0.5%) | 0.49 | 402 |
| 2021-02-01 | $169,900 (14.8%) | $233,409 (1.7%) | 0.49 | 329 |
| 2021-03-01 | $176,400 (13.9%) | $252,421 (12.8%) | 0.50 | 288 |
| 2021-04-01 | $192,400 (22.6%) | $264,519 (12.2%) | 0.52 | 273 |
| 2021-05-01 | $199,000 (17.1%) | $264,599 (6.5%) | 0.53 | 315 |
| 2021-06-01 | $199,900 (11.4%) | $284,558 (14.2%) | 0.53 | 347 |
| 2021-07-01 | $199,900 (17.7%) | $279,271 (11.9%) | 0.53 | 394 |
| 2021-08-01 | $192,500 (12.6%) | $268,763 (10.8%) | 0.51 | 451 |
| 2021-09-01 | $198,000 (14.8%) | $272,729 (14.8%) | 0.53 | 470 |
| 2021-10-01 | $184,950 (8.9%) | $266,709 (14.4%) | 0.49 | 430 |
| 2021-11-01 | $177,400 (4.5%) | $252,234 (12.9%) | 0.47 | 396 |
| 2021-12-01 | $179,450 (7.2%) | $254,238 (14.3%) | 0.49 | 347 |
| 2022-01-01 | $179,000 (8.7%) | $246,613 (8.0%) | 0.48 | 315 |
| 2022-02-01 | $169,450 (-0.3%) | $244,820 (4.9%) | 0.44 | 265 |
| 2022-03-01 | $179,900 (2.0%) | $262,173 (3.9%) | 0.45 | 251 |
| 2022-04-01 | $185,000 (-3.9%) | $263,132 (-0.5%) | 0.44 | 258 |
| 2022-05-01 | $184,900 (-7.1%) | $282,365 (6.7%) | 0.42 | 304 |
| 2022-06-01 | $199,900 (0.0%) | $290,195 (2.0%) | 0.45 | 366 |
| 2022-07-01 | $199,000 (-0.5%) | $279,080 (-0.1%) | 0.45 | 437 |
| 2022-08-01 | $190,738 (-0.9%) | $263,571 (-1.9%) | 0.44 | 455 |
| 2022-09-01 | $189,000 (-4.6%) | $252,839 (-7.3%) | 0.44 | 482 |
| 2022-10-01 | $189,900 (2.7%) | $253,235 (-5.1%) | 0.45 | 487 |
| 2022-11-01 | $179,450 (1.2%) | $251,089 (-0.5%) | 0.43 | 448 |
| 2022-12-01 | $175,000 (-2.5%) | $246,419 (-3.1%) | 0.43 | 394 |
| 2023-01-01 | $174,900 (-2.3%) | $250,158 (1.4%) | 0.43 | 337 |
| 2023-02-01 | $176,975 (4.4%) | $253,481 (3.5%) | 0.43 | 293 |
| 2023-03-01 | $188,450 (4.8%) | $266,768 (1.8%) | 0.44 | 279 |
| 2023-04-01 | $197,500 (6.8%) | $272,878 (3.7%) | 0.46 | 269 |
| 2023-05-01 | $206,175 (11.5%) | $276,952 (-1.9%) | 0.47 | 290 |
| 2023-06-01 | $209,950 (5.0%) | $287,098 (-1.1%) | 0.47 | 297 |
| 2023-07-01 | $228,250 (14.7%) | $315,641 (13.1%) | 0.52 | 335 |
| 2023-08-01 | $229,125 (20.1%) | $313,034 (18.8%) | 0.53 | 385 |
| 2023-09-01 | $229,000 (21.2%) | $322,159 (27.4%) | 0.53 | 416 |
| 2023-10-01 | $224,725 (18.3%) | $315,161 (24.5%) | 0.53 | 410 |
| 2023-11-01 | $229,450 (27.9%) | $313,641 (24.9%) | 0.55 | 416 |
| 2023-12-01 | $229,000 (30.9%) | $315,949 (28.2%) | 0.56 | 392 |
| 2024-01-01 | $234,500 (34.1%) | $317,640 (27.0%) | 0.57 | 356 |
| 2024-02-01 | $238,250 (34.6%) | $323,918 (27.8%) | 0.57 | 328 |
| 2024-03-01 | $239,900 (27.3%) | $332,473 (24.6%) | 0.56 | 322 |
| 2024-04-01 | $249,900 (26.5%) | $342,753 (25.6%) | 0.58 | 333 |
| 2024-05-01 | $259,675 (26.0%) | $347,925 (25.6%) | 0.59 | 373 |
| 2024-06-01 | $262,400 (25.0%) | $361,647 (26.0%) | 0.59 | 403 |
| 2024-07-01 | $267,000 (17.0%) | $354,684 (12.4%) | 0.61 | 431 |
| 2024-08-01 | $269,900 (17.8%) | $355,066 (13.4%) | 0.63 | 474 |
| 2024-09-01 | $259,900 (13.5%) | $349,892 (8.6%) | 0.61 | 475 |
| 2024-10-01 | $254,450 (13.2%) | $336,595 (6.8%) | 0.60 | 487 |
Utica's median listing price comes in at 60% of the national average.
Utica's average listing price for 2024-10-01 was $336,595, a difference of $21,434 (6.8%) versus the prior year and $-13,297 versus the prior month.
For the 2024-10-01 period, Utica had 487 MLS listings, a difference of 12 listings (3%) versus the prior month and 77 listings (19%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Utica (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 106 days | 1,522 sqft |
| 2018-02-01 | 105 days | 1,554 sqft |
| 2018-03-01 | 103 days | 1,568 sqft |
| 2018-04-01 | 86 days | 1,624 sqft |
| 2018-05-01 | 53 days | 1,648 sqft |
| 2018-06-01 | 50 days | 1,678 sqft |
| 2018-07-01 | 56 days | 1,667 sqft |
| 2018-08-01 | 59 days | 1,676 sqft |
| 2018-09-01 | 67 days | 1,662 sqft |
| 2018-10-01 | 74 days | 1,625 sqft |
| 2018-11-01 | 83 days | 1,633 sqft |
| 2018-12-01 | 92 days | 1,594 sqft |
| 2019-01-01 | 94 days | 1,580 sqft |
| 2019-02-01 | 98 days | 1,579 sqft |
| 2019-03-01 | 88 days | 1,625 sqft |
| 2019-04-01 | 70 days | 1,660 sqft |
| 2019-05-01 | 55 days | 1,668 sqft |
| 2019-06-01 | 47 days | 1,665 sqft |
| 2019-07-01 | 51 days | 1,660 sqft |
| 2019-08-01 | 56 days | 1,655 sqft |
| 2019-09-01 | 63 days | 1,664 sqft |
| 2019-10-01 | 68 days | 1,667 sqft |
| 2019-11-01 | 71 days | 1,650 sqft |
| 2019-12-01 | 92 days | 1,640 sqft |
| 2020-01-01 | 107 days | 1,645 sqft |
| 2020-02-01 | 106 days | 1,632 sqft |
| 2020-03-01 | 106 days | 1,668 sqft |
| 2020-04-01 | 104 days | 1,680 sqft |
| 2020-05-01 | 113 days | 1,700 sqft |
| 2020-06-01 | 95 days | 1,664 sqft |
| 2020-07-01 | 53 days | 1,658 sqft |
| 2020-08-01 | 60 days | 1,664 sqft |
| 2020-09-01 | 57 days | 1,703 sqft |
| 2020-10-01 | 54 days | 1,680 sqft |
| 2020-11-01 | 63 days | 1,677 sqft |
| 2020-12-01 | 78 days | 1,679 sqft |
| 2021-01-01 | 93 days | 1,641 sqft |
| 2021-02-01 | 103 days | 1,632 sqft |
| 2021-03-01 | 85 days | 1,642 sqft |
| 2021-04-01 | 62 days | 1,708 sqft |
| 2021-05-01 | 38 days | 1,680 sqft |
| 2021-06-01 | 35 days | 1,684 sqft |
| 2021-07-01 | 42 days | 1,688 sqft |
| 2021-08-01 | 41 days | 1,655 sqft |
| 2021-09-01 | 45 days | 1,663 sqft |
| 2021-10-01 | 56 days | 1,656 sqft |
| 2021-11-01 | 62 days | 1,651 sqft |
| 2021-12-01 | 76 days | 1,663 sqft |
| 2022-01-01 | 81 days | 1,623 sqft |
| 2022-02-01 | 75 days | 1,585 sqft |
| 2022-03-01 | 63 days | 1,584 sqft |
| 2022-04-01 | 54 days | 1,626 sqft |
| 2022-05-01 | 42 days | 1,603 sqft |
| 2022-06-01 | 35 days | 1,654 sqft |
| 2022-07-01 | 43 days | 1,632 sqft |
| 2022-08-01 | 50 days | 1,630 sqft |
| 2022-09-01 | 53 days | 1,600 sqft |
| 2022-10-01 | 58 days | 1,585 sqft |
| 2022-11-01 | 62 days | 1,591 sqft |
| 2022-12-01 | 76 days | 1,584 sqft |
| 2023-01-01 | 82 days | 1,584 sqft |
| 2023-02-01 | 90 days | 1,588 sqft |
| 2023-03-01 | 79 days | 1,601 sqft |
| 2023-04-01 | 68 days | 1,600 sqft |
| 2023-05-01 | 49 days | 1,593 sqft |
| 2023-06-01 | 48 days | 1,585 sqft |
| 2023-07-01 | 44 days | 1,644 sqft |
| 2023-08-01 | 44 days | 1,632 sqft |
| 2023-09-01 | 52 days | 1,628 sqft |
| 2023-10-01 | 60 days | 1,617 sqft |
| 2023-11-01 | 60 days | 1,668 sqft |
| 2023-12-01 | 70 days | 1,653 sqft |
| 2024-01-01 | 76 days | 1,656 sqft |
| 2024-02-01 | 79 days | 1,631 sqft |
| 2024-03-01 | 68 days | 1,628 sqft |
| 2024-04-01 | 59 days | 1,637 sqft |
| 2024-05-01 | 48 days | 1,633 sqft |
| 2024-06-01 | 44 days | 1,700 sqft |
| 2024-07-01 | 50 days | 1,703 sqft |
| 2024-08-01 | 50 days | 1,677 sqft |
| 2024-09-01 | 60 days | 1,660 sqft |
| 2024-10-01 | 66 days | 1,648 sqft |
Utica's median square footage for active listings during the 2024-10-01 period was 1,648 sqft. One year prior, the average listing was 1,617 sqft.