Watertown USDA Loan Rates, Closing Costs & Stats
WATERTOWN-FORT DRUM, 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.
Watertown's 3 lenders originated 9 USDA loans during 2023. The total origination value was $1,215,000, with an average USDA loan value of $135,000.
Watertown USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Watertown
averaged
6.29%
for the week of 2024-12-13, compared to the national average (all USDA variants) of
6.303% for the same period.
Watertown's average USDA mortgage closing costs are $4,228.
The average rate for the prior week (2024-12-06) was
6.02% and
one month ago for the week of 2024-11-08, the
average rate was 6.34%.
The average rate one year ago was 6.81%.
For refis of the same type during the week of 2024-12-13, the average rate
was 6.5%.
Watertown 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 Watertown level.
| Name | # of Loans | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
|---|---|---|---|
| CROSSCOUNTRY MORTGAGE, LLC | 5 | 6.64% | $5,721 |
| MOVEMENT MORTGAGE, LLC | 2 | 6.94% | $8,045 |
| HOMESTEAD FUNDING CORP. | 1 | 6.25% | $7,472 |
The top Watertown USDA lender as defined by loan originations is CROSSCOUNTRY MORTGAGE, LLC, with
5 USDA loans originated. Their average total fees are
$5,721, which is $2,325
lower than the next largest lender,
MOVEMENT MORTGAGE, LLC.
The lowest fee Watertown USDA lenders (with over 10 loans originated) are
.
The lowest rate Watertown USDA lenders (with over 10 loans originated) are
.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Watertown (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 | $146,500 (1.1%) | $217,726 (4.5%) | 0.00 | 710 |
| 2018-02-01 | $147,850 (2.0%) | $213,542 (2.5%) | 0.00 | 693 |
| 2018-03-01 | $149,900 (2.7%) | $219,895 (3.9%) | 0.00 | 701 |
| 2018-04-01 | $152,400 (1.7%) | $222,225 (0.5%) | 0.00 | 718 |
| 2018-05-01 | $163,825 (3.0%) | $225,516 (0.7%) | 0.00 | 799 |
| 2018-06-01 | $168,235 (5.0%) | $223,015 (-0.4%) | 0.00 | 927 |
| 2018-07-01 | $169,800 (6.2%) | $233,747 (2.7%) | 0.00 | 987 |
| 2018-08-01 | $168,900 (8.3%) | $235,883 (4.4%) | 0.00 | 995 |
| 2018-09-01 | $169,900 (9.6%) | $241,448 (6.0%) | 0.00 | 985 |
| 2018-10-01 | $168,350 (8.7%) | $242,016 (5.2%) | 0.00 | 964 |
| 2018-11-01 | $165,000 (6.5%) | $237,195 (-20.0%) | 0.00 | 882 |
| 2018-12-01 | $164,640 (8.7%) | $230,495 (2.4%) | 0.00 | 787 |
| 2019-01-01 | $163,500 (11.6%) | $228,073 (4.8%) | 0.00 | 718 |
| 2019-02-01 | $162,900 (10.2%) | $230,658 (8.0%) | 0.00 | 689 |
| 2019-03-01 | $168,529 (12.4%) | $247,723 (12.7%) | 0.00 | 677 |
| 2019-04-01 | $179,950 (18.1%) | $273,574 (23.1%) | 0.00 | 676 |
| 2019-05-01 | $181,250 (10.6%) | $267,567 (18.7%) | 0.00 | 737 |
| 2019-06-01 | $183,000 (8.8%) | $255,261 (14.5%) | 0.00 | 813 |
| 2019-07-01 | $184,900 (8.9%) | $259,331 (11.0%) | 0.00 | 846 |
| 2019-08-01 | $180,336 (6.8%) | $254,500 (7.9%) | 0.00 | 825 |
| 2019-09-01 | $175,591 (3.4%) | $249,794 (3.5%) | 0.00 | 802 |
| 2019-10-01 | $172,427 (2.4%) | $247,017 (2.1%) | 0.00 | 775 |
| 2019-11-01 | $169,000 (2.4%) | $239,711 (1.1%) | 0.00 | 716 |
| 2019-12-01 | $162,875 (-1.1%) | $225,119 (-2.3%) | 0.00 | 662 |
| 2020-01-01 | $159,900 (-2.2%) | $215,208 (-5.6%) | 0.00 | 587 |
| 2020-02-01 | $164,000 (0.7%) | $221,996 (-3.8%) | 0.00 | 559 |
| 2020-03-01 | $167,450 (-0.6%) | $226,513 (-8.6%) | 0.00 | 547 |
| 2020-04-01 | $175,700 (-2.4%) | $250,879 (-8.3%) | 0.00 | 546 |
| 2020-05-01 | $179,000 (-1.2%) | $263,821 (-1.4%) | 0.00 | 540 |
| 2020-06-01 | $186,950 (2.2%) | $271,657 (6.4%) | 0.00 | 539 |
| 2020-07-01 | $192,450 (4.1%) | $274,801 (6.0%) | 0.00 | 559 |
| 2020-08-01 | $189,000 (4.8%) | $277,807 (9.2%) | 0.00 | 535 |
| 2020-09-01 | $173,500 (-1.2%) | $277,271 (11.0%) | 0.00 | 501 |
| 2020-10-01 | $169,900 (-1.5%) | $278,761 (12.9%) | 0.00 | 468 |
| 2020-11-01 | $169,900 (0.5%) | $272,295 (13.6%) | 0.00 | 413 |
| 2020-12-01 | $168,500 (3.5%) | $268,140 (19.1%) | 0.00 | 367 |
| 2021-01-01 | $160,000 (0.1%) | $233,408 (8.5%) | 0.00 | 297 |
| 2021-02-01 | $167,950 (2.4%) | $234,778 (5.8%) | 0.00 | 248 |
| 2021-03-01 | $172,000 (2.7%) | $250,539 (10.6%) | 0.00 | 212 |
| 2021-04-01 | $182,925 (4.1%) | $268,210 (6.9%) | 0.00 | 205 |
| 2021-05-01 | $199,000 (11.2%) | $283,846 (7.6%) | 0.00 | 233 |
| 2021-06-01 | $192,425 (2.9%) | $274,267 (1.0%) | 0.00 | 294 |
| 2021-07-01 | $189,900 (-1.3%) | $264,882 (-3.6%) | 0.00 | 347 |
| 2021-08-01 | $186,000 (-1.6%) | $273,483 (-1.6%) | 0.00 | 350 |
| 2021-09-01 | $188,975 (8.9%) | $277,452 (0.1%) | 0.00 | 344 |
| 2021-10-01 | $174,450 (2.7%) | $256,188 (-8.1%) | 0.00 | 304 |
| 2021-11-01 | $162,400 (-4.4%) | $254,084 (-6.7%) | 0.00 | 254 |
| 2021-12-01 | $166,875 (-1.0%) | $255,280 (-4.8%) | 0.00 | 222 |
| 2022-01-01 | $159,950 (0.0%) | $241,237 (3.4%) | 0.00 | 181 |
| 2022-02-01 | $165,925 (-1.2%) | $232,632 (-0.9%) | 0.00 | 149 |
| 2022-03-01 | $170,650 (-0.8%) | $241,073 (-3.8%) | 0.00 | 141 |
| 2022-04-01 | $171,000 (-6.5%) | $265,943 (-0.9%) | 0.00 | 131 |
| 2022-05-01 | $203,274 (2.2%) | $275,835 (-2.8%) | 0.00 | 177 |
| 2022-06-01 | $210,000 (9.1%) | $308,300 (12.4%) | 0.00 | 232 |
| 2022-07-01 | $199,000 (4.8%) | $300,400 (13.4%) | 0.00 | 271 |
| 2022-08-01 | $199,000 (7.0%) | $306,442 (12.1%) | 0.00 | 286 |
| 2022-09-01 | $193,625 (2.5%) | $301,151 (8.5%) | 0.00 | 310 |
| 2022-10-01 | $198,900 (14.0%) | $303,450 (18.5%) | 0.00 | 292 |
| 2022-11-01 | $194,830 (20.0%) | $302,090 (18.9%) | 0.00 | 274 |
| 2022-12-01 | $185,000 (10.9%) | $291,566 (14.2%) | 0.00 | 234 |
| 2023-01-01 | $177,000 (10.7%) | $242,423 (0.5%) | 0.00 | 184 |
| 2023-02-01 | $173,700 (4.7%) | $249,481 (7.2%) | 0.00 | 155 |
| 2023-03-01 | $179,800 (5.4%) | $247,515 (2.7%) | 0.00 | 139 |
| 2023-04-01 | $197,000 (15.2%) | $314,598 (18.3%) | 0.00 | 153 |
| 2023-05-01 | $217,450 (7.0%) | $333,852 (21.0%) | 0.00 | 167 |
| 2023-06-01 | $252,475 (20.2%) | $362,904 (17.7%) | 0.00 | 184 |
| 2023-07-01 | $249,450 (25.4%) | $382,300 (27.3%) | 0.00 | 187 |
| 2023-08-01 | $247,300 (24.3%) | $385,042 (25.7%) | 0.00 | 210 |
| 2023-09-01 | $245,000 (26.5%) | $354,466 (17.7%) | 0.00 | 231 |
| 2023-10-01 | $241,500 (21.4%) | $351,910 (16.0%) | 0.00 | 245 |
| 2023-11-01 | $224,475 (15.2%) | $336,547 (11.4%) | 0.00 | 243 |
| 2023-12-01 | $220,000 (18.9%) | $331,943 (13.9%) | 0.00 | 206 |
| 2024-01-01 | $229,500 (29.7%) | $341,400 (40.8%) | 0.00 | 188 |
| 2024-02-01 | $225,450 (29.8%) | $343,015 (37.5%) | 0.00 | 183 |
| 2024-03-01 | $235,000 (30.7%) | $356,652 (44.1%) | 0.00 | 190 |
| 2024-04-01 | $249,175 (26.5%) | $367,536 (16.8%) | 0.00 | 215 |
| 2024-05-01 | $265,625 (22.2%) | $378,075 (13.3%) | 0.00 | 244 |
| 2024-06-01 | $269,900 (6.9%) | $373,792 (3.0%) | 0.00 | 250 |
| 2024-07-01 | $266,950 (7.0%) | $378,788 (-0.9%) | 0.00 | 290 |
| 2024-08-01 | $260,000 (5.1%) | $363,170 (-5.7%) | 0.00 | 332 |
| 2024-09-01 | $259,900 (6.1%) | $357,044 (0.7%) | 0.00 | 357 |
| 2024-10-01 | $259,475 (7.4%) | $355,937 (1.1%) | 0.00 | 358 |
| 2024-11-01 | $259,000 (15.4%) | $348,270 (3.5%) | 0.00 | 361 |
Watertown's median listing price comes in at 0% of the national average.
Watertown's average listing price for 2024-11-01 was $348,270, a difference of $11,723 (3.5%) versus the prior year and $-7,667 versus the prior month.
For the 2024-11-01 period, Watertown had 361 MLS listings, a difference of 3 listings (1%) versus the prior month and 118 listings (49%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Watertown (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 0 days | 1,680 sqft |
| 2018-02-01 | 0 days | 1,680 sqft |
| 2018-03-01 | 0 days | 1,680 sqft |
| 2018-04-01 | 0 days | 1,661 sqft |
| 2018-05-01 | 0 days | 1,660 sqft |
| 2018-06-01 | 0 days | 1,629 sqft |
| 2018-07-01 | 0 days | 1,626 sqft |
| 2018-08-01 | 0 days | 1,633 sqft |
| 2018-09-01 | 0 days | 1,636 sqft |
| 2018-10-01 | 0 days | 1,603 sqft |
| 2018-11-01 | 0 days | 1,598 sqft |
| 2018-12-01 | 0 days | 1,607 sqft |
| 2019-01-01 | 0 days | 1,620 sqft |
| 2019-02-01 | 0 days | 1,634 sqft |
| 2019-03-01 | 0 days | 1,684 sqft |
| 2019-04-01 | 0 days | 1,724 sqft |
| 2019-05-01 | 0 days | 1,687 sqft |
| 2019-06-01 | 0 days | 1,680 sqft |
| 2019-07-01 | 0 days | 1,701 sqft |
| 2019-08-01 | 0 days | 1,689 sqft |
| 2019-09-01 | 0 days | 1,674 sqft |
| 2019-10-01 | 0 days | 1,665 sqft |
| 2019-11-01 | 0 days | 1,663 sqft |
| 2019-12-01 | 0 days | 1,649 sqft |
| 2020-01-01 | 0 days | 1,646 sqft |
| 2020-02-01 | 0 days | 1,653 sqft |
| 2020-03-01 | 0 days | 1,656 sqft |
| 2020-04-01 | 0 days | 1,684 sqft |
| 2020-05-01 | 0 days | 1,689 sqft |
| 2020-06-01 | 0 days | 1,673 sqft |
| 2020-07-01 | 0 days | 1,698 sqft |
| 2020-08-01 | 0 days | 1,700 sqft |
| 2020-09-01 | 0 days | 1,695 sqft |
| 2020-10-01 | 0 days | 1,666 sqft |
| 2020-11-01 | 0 days | 1,695 sqft |
| 2020-12-01 | 0 days | 1,687 sqft |
| 2021-01-01 | 0 days | 1,678 sqft |
| 2021-02-01 | 0 days | 1,744 sqft |
| 2021-03-01 | 0 days | 1,699 sqft |
| 2021-04-01 | 0 days | 1,674 sqft |
| 2021-05-01 | 0 days | 1,676 sqft |
| 2021-06-01 | 0 days | 1,658 sqft |
| 2021-07-01 | 0 days | 1,684 sqft |
| 2021-08-01 | 0 days | 1,683 sqft |
| 2021-09-01 | 0 days | 1,686 sqft |
| 2021-10-01 | 0 days | 1,672 sqft |
| 2021-11-01 | 0 days | 1,648 sqft |
| 2021-12-01 | 0 days | 1,648 sqft |
| 2022-01-01 | 0 days | 1,669 sqft |
| 2022-02-01 | 0 days | 1,671 sqft |
| 2022-03-01 | 0 days | 1,687 sqft |
| 2022-04-01 | 0 days | 1,680 sqft |
| 2022-05-01 | 0 days | 1,668 sqft |
| 2022-06-01 | 0 days | 1,680 sqft |
| 2022-07-01 | 0 days | 1,680 sqft |
| 2022-08-01 | 0 days | 1,730 sqft |
| 2022-09-01 | 0 days | 1,717 sqft |
| 2022-10-01 | 0 days | 1,734 sqft |
| 2022-11-01 | 0 days | 1,681 sqft |
| 2022-12-01 | 0 days | 1,652 sqft |
| 2023-01-01 | 0 days | 1,666 sqft |
| 2023-02-01 | 0 days | 1,739 sqft |
| 2023-03-01 | 0 days | 1,675 sqft |
| 2023-04-01 | 0 days | 1,759 sqft |
| 2023-05-01 | 0 days | 1,685 sqft |
| 2023-06-01 | 0 days | 1,795 sqft |
| 2023-07-01 | 0 days | 1,766 sqft |
| 2023-08-01 | 0 days | 1,744 sqft |
| 2023-09-01 | 0 days | 1,702 sqft |
| 2023-10-01 | 0 days | 1,780 sqft |
| 2023-11-01 | 0 days | 1,708 sqft |
| 2023-12-01 | 0 days | 1,694 sqft |
| 2024-01-01 | 0 days | 1,772 sqft |
| 2024-02-01 | 0 days | 1,699 sqft |
| 2024-03-01 | 0 days | 1,700 sqft |
| 2024-04-01 | 0 days | 1,736 sqft |
| 2024-05-01 | 0 days | 1,721 sqft |
| 2024-06-01 | 0 days | 1,737 sqft |
| 2024-07-01 | 0 days | 1,753 sqft |
| 2024-08-01 | 0 days | 1,740 sqft |
| 2024-09-01 | 0 days | 1,715 sqft |
| 2024-10-01 | 0 days | 1,718 sqft |
| 2024-11-01 | 0 days | 1,720 sqft |
Watertown's median square footage for active listings during the 2024-11-01 period was 1,720 sqft. One year prior, the average listing was 1,708 sqft.