Utica USDA Loan Rates, Closing Costs & Stats

UTICA-ROME, 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.

    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 6.7% for the week of 2024-04-12, compared to the national average (all USDA variants) of 6.705% for the same period.

    Utica's average USDA mortgage closing costs are $4,849.

    The average rate for the prior week (2024-04-05) was 6.22% and one month ago for the week of 2024-03-08, the average rate was 6.48%.

    The average rate one year ago was 5.89%.

    For refis of the same type during the week of 2024-04-12, the average rate was 6.83%.

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

    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
    Utica's median listing price for 2024-03-01 was $239,900, a difference of $51,450 (27.3%) versus the prior year and $1,650 versus the prior month.

    Utica's median listing price comes in at 56% of the national average.

    Utica's average listing price for 2024-03-01 was $332,473, a difference of $65,705 (24.6%) versus the prior year and $8,555 versus the prior month.

    For the 2024-03-01 period, Utica had 322 MLS listings, a difference of -6 listings (-2%) versus the prior month and 43 listings (15%) 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
    Utica's median listing age (time on market) for 2024-03-01 was 68 days. This is -14% shorter than the same period one year ago.

    Utica's median square footage for active listings during the 2024-03-01 period was 1,628 sqft. One year prior, the average listing was 1,601 sqft.