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 9 lenders originated 18 USDA loans during 2024. The total origination value was $2,950,000, with an average USDA loan value of $163,889.

Utica USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Utica averaged 0.03% for the week of 2025-07-04, compared to the national average (all USDA variants) of 0% for the same period.

Utica's average USDA mortgage closing costs are $4,943.

The average rate for the prior week (2025-06-27) was 6.36% and one month ago for the week of 2025-05-30, the average rate was 6.45%.

The average rate one year ago was 6.94%.

For refis of the same type during the week of 2025-07-04, the average rate was 0.18%.

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 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
PLAZA HOME MORTGAGE, INC. 7 6.51% $6,855
Bank of England 2 6.94% $8,121
Flagstar Bank, FSB 2 7.00% $5,218
AMERICU Credit Union 2 5.06% $6,731
Premium Mortgage Corporation 1 6.13% $2,544
UNITED WHOLESALE MORTGAGE, LLC 1 6.25% $5,977
Genesee Regional Bank 1 6.13% $5,962
HOMESTEAD FUNDING CORP. 1 5.88% $2,600
NEWREZ LLC 1 6.25% $7,075

The top Utica USDA lender as defined by loan originations is PLAZA HOME MORTGAGE, INC., with 7 USDA loans originated. Their average total fees are $6,855, which is $1,266 lower than the next largest lender, Bank of England.

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

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