Worcester USDA Loan Rates, Closing Costs & Stats
WORCESTER, MA-CT
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.
Worcester's 21 lenders originated 38 USDA loans during 2023. The total origination value was $11,020,000, with an average USDA loan value of $290,000.
Worcester USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Worcester
averaged
6.43%
for the week of 2025-02-14, compared to the national average (all USDA variants) of
6.526% for the same period.
Worcester's average USDA mortgage closing costs are $5,858.
The average rate for the prior week (2025-02-07) was
6.29% and
one month ago for the week of 2025-01-10, the
average rate was 6.54%.
The average rate one year ago was 6.73%.
For refis of the same type during the week of 2025-02-14, the average rate
was 6.58%.
Worcester 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 Worcester level.
| Name | # of Loans | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
|---|---|---|---|
| GUARANTEED RATE, INC. | 5 | 6.66% | $9,608 |
| TOTAL MORTGAGE SERVICES, LLC | 4 | 6.31% | $15,473 |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | 3 | 7.08% | $7,014 |
| Paramount Residential Mortgage Group, Inc. | 3 | 6.50% | $7,159 |
| Plains Commerce Bank | 3 | 6.13% | $9,195 |
| Keystone Funding, Inc. | 2 | 5.50% | $11,490 |
| PLAZA HOME MORTGAGE, INC. | 2 | 6.31% | $13,704 |
| UNITED WHOLESALE MORTGAGE, LLC | 2 | 6.56% | $7,572 |
| NORWICH COMMERCIAL GROUP, INC. | 2 | 6.50% | $5,639 |
| Shamrock Home Loans, Inc. | 1 | 7.25% | $7,612 |
| T2 FINANCIAL LLC | 1 | 6.88% | $8,460 |
| American Mortgage & Equity Consultants, Inc. | 1 | 6.38% | $18,366 |
| U.S. Bank | 1 | 6.25% | $9,050 |
| CARDINAL FINANCIAL | 1 | 5.00% | $14,023 |
| CMG MORTGAGE, INC. | 1 | 6.25% | $16,052 |
| GUILD MORTGAGE COMPANY | 1 | 5.25% | $16,417 |
| HOMESTEAD FUNDING CORP. | 1 | 5.63% | $8,275 |
| LOANDEPOT.COM, LLC | 1 | 7.25% | $13,744 |
| MORTGAGE EQUITY PARTNERS LLC | 1 | 6.50% | $6,842 |
| NEWREZ LLC | 1 | 7.25% | $6,154 |
| PROVINCE MORTGAGE ASSOCIATES, INC. | 1 | 7.00% | $7,606 |
The top Worcester USDA lender as defined by loan originations is GUARANTEED RATE, INC., with
5 USDA loans originated. Their average total fees are
$9,608, which is $5,865
lower than the next largest lender,
TOTAL MORTGAGE SERVICES, LLC.
The lowest fee Worcester USDA lenders (with over 10 loans originated) are
.
The lowest rate Worcester USDA lenders (with over 10 loans originated) are
.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Worcester (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 | $309,950 (7.1%) | $371,579 (6.6%) | 1.06 | 1,524 |
| 2018-02-01 | $319,900 (8.0%) | $379,033 (7.2%) | 1.05 | 1,436 |
| 2018-03-01 | $329,900 (8.2%) | $397,354 (9.4%) | 1.05 | 1,462 |
| 2018-04-01 | $346,906 (8.4%) | $416,480 (11.0%) | 1.08 | 1,590 |
| 2018-05-01 | $349,900 (9.4%) | $417,375 (10.8%) | 1.08 | 1,818 |
| 2018-06-01 | $349,900 (6.1%) | $417,219 (8.7%) | 1.08 | 2,091 |
| 2018-07-01 | $349,900 (7.7%) | $416,830 (9.6%) | 1.09 | 2,187 |
| 2018-08-01 | $349,450 (9.2%) | $410,125 (8.7%) | 1.07 | 2,294 |
| 2018-09-01 | $340,000 (9.7%) | $408,009 (9.6%) | 1.07 | 2,494 |
| 2018-10-01 | $330,000 (8.2%) | $400,674 (7.7%) | 1.06 | 2,515 |
| 2018-11-01 | $329,900 (6.5%) | $395,076 (5.6%) | 1.05 | 2,356 |
| 2018-12-01 | $329,900 (6.5%) | $396,198 (6.5%) | 1.05 | 1,933 |
| 2019-01-01 | $332,500 (7.3%) | $398,354 (7.2%) | 1.05 | 1,640 |
| 2019-02-01 | $349,675 (9.3%) | $404,410 (6.7%) | 1.09 | 1,502 |
| 2019-03-01 | $362,757 (10.0%) | $418,231 (5.3%) | 1.10 | 1,555 |
| 2019-04-01 | $379,900 (9.5%) | $435,002 (4.5%) | 1.12 | 1,653 |
| 2019-05-01 | $389,900 (11.4%) | $443,457 (6.3%) | 1.12 | 1,861 |
| 2019-06-01 | $389,900 (11.4%) | $451,791 (8.3%) | 1.12 | 2,080 |
| 2019-07-01 | $379,900 (8.6%) | $445,764 (6.9%) | 1.11 | 2,099 |
| 2019-08-01 | $376,164 (7.6%) | $441,387 (7.6%) | 1.11 | 2,099 |
| 2019-09-01 | $370,559 (9.0%) | $434,322 (6.5%) | 1.10 | 2,116 |
| 2019-10-01 | $368,673 (11.7%) | $429,450 (7.2%) | 1.11 | 2,121 |
| 2019-11-01 | $369,900 (12.1%) | $423,282 (7.1%) | 1.13 | 1,926 |
| 2019-12-01 | $369,900 (12.1%) | $421,551 (6.4%) | 1.15 | 1,538 |
| 2020-01-01 | $369,900 (11.3%) | $426,095 (7.0%) | 1.15 | 1,312 |
| 2020-02-01 | $374,900 (7.2%) | $440,979 (9.0%) | 1.15 | 1,196 |
| 2020-03-01 | $394,200 (8.7%) | $456,129 (9.1%) | 1.14 | 1,285 |
| 2020-04-01 | $389,950 (2.7%) | $450,844 (3.6%) | 1.16 | 1,304 |
| 2020-05-01 | $399,900 (2.6%) | $462,749 (4.4%) | 1.15 | 1,354 |
| 2020-06-01 | $419,950 (7.7%) | $487,659 (7.9%) | 1.16 | 1,245 |
| 2020-07-01 | $419,950 (10.5%) | $489,462 (9.8%) | 1.15 | 1,109 |
| 2020-08-01 | $409,000 (8.7%) | $488,802 (10.7%) | 1.12 | 1,020 |
| 2020-09-01 | $399,925 (7.9%) | $489,223 (12.6%) | 1.12 | 1,035 |
| 2020-10-01 | $399,900 (8.5%) | $498,609 (16.1%) | 1.10 | 1,050 |
| 2020-11-01 | $394,425 (6.6%) | $486,255 (14.9%) | 1.11 | 909 |
| 2020-12-01 | $397,722 (7.5%) | $484,617 (15.0%) | 1.16 | 773 |
| 2021-01-01 | $415,000 (12.2%) | $508,984 (19.5%) | 1.19 | 572 |
| 2021-02-01 | $425,000 (13.4%) | $504,117 (14.3%) | 1.16 | 482 |
| 2021-03-01 | $412,450 (4.6%) | $497,606 (9.1%) | 1.12 | 539 |
| 2021-04-01 | $414,975 (6.4%) | $495,676 (9.9%) | 1.07 | 595 |
| 2021-05-01 | $425,000 (6.3%) | $504,094 (8.9%) | 1.06 | 660 |
| 2021-06-01 | $443,250 (5.6%) | $508,707 (4.3%) | 1.11 | 778 |
| 2021-07-01 | $449,000 (6.9%) | $505,855 (3.4%) | 1.10 | 854 |
| 2021-08-01 | $430,000 (5.1%) | $498,711 (2.0%) | 1.08 | 903 |
| 2021-09-01 | $429,450 (7.4%) | $502,004 (2.6%) | 1.08 | 922 |
| 2021-10-01 | $402,000 (0.5%) | $488,744 (-2.0%) | 1.05 | 916 |
| 2021-11-01 | $405,995 (2.9%) | $481,243 (-1.0%) | 1.05 | 762 |
| 2021-12-01 | $416,250 (4.7%) | $489,870 (1.1%) | 1.05 | 571 |
| 2022-01-01 | $430,000 (3.6%) | $504,428 (-0.9%) | 1.08 | 432 |
| 2022-02-01 | $450,000 (5.9%) | $527,232 (4.6%) | 1.10 | 402 |
| 2022-03-01 | $457,500 (10.9%) | $541,288 (8.8%) | 1.10 | 412 |
| 2022-04-01 | $470,000 (13.3%) | $565,176 (14.0%) | 1.07 | 505 |
| 2022-05-01 | $495,000 (16.5%) | $569,305 (12.9%) | 1.07 | 655 |
| 2022-06-01 | $472,400 (6.6%) | $554,026 (8.9%) | 1.00 | 827 |
| 2022-07-01 | $474,900 (5.8%) | $548,050 (8.3%) | 1.01 | 1,005 |
| 2022-08-01 | $469,900 (9.3%) | $548,895 (10.1%) | 1.04 | 968 |
| 2022-09-01 | $459,900 (7.1%) | $544,007 (8.4%) | 1.03 | 918 |
| 2022-10-01 | $464,961 (15.7%) | $543,375 (11.2%) | 1.06 | 936 |
| 2022-11-01 | $462,400 (13.9%) | $542,645 (12.8%) | 1.08 | 904 |
| 2022-12-01 | $469,400 (12.8%) | $550,650 (12.4%) | 1.10 | 679 |
| 2023-01-01 | $482,450 (12.2%) | $553,474 (9.7%) | 1.15 | 617 |
| 2023-02-01 | $507,400 (12.8%) | $576,996 (9.4%) | 1.19 | 512 |
| 2023-03-01 | $517,400 (13.1%) | $583,297 (7.8%) | 1.16 | 498 |
| 2023-04-01 | $524,990 (11.7%) | $606,876 (7.4%) | 1.17 | 577 |
| 2023-05-01 | $528,698 (6.8%) | $611,097 (7.3%) | 1.17 | 625 |
| 2023-06-01 | $527,450 (11.7%) | $616,381 (11.3%) | 1.15 | 675 |
| 2023-07-01 | $529,900 (11.6%) | $615,012 (12.2%) | 1.18 | 629 |
| 2023-08-01 | $519,925 (10.7%) | $601,853 (9.7%) | 1.15 | 704 |
| 2023-09-01 | $510,000 (10.9%) | $599,240 (10.2%) | 1.14 | 770 |
| 2023-10-01 | $507,500 (9.2%) | $595,887 (9.7%) | 1.15 | 799 |
| 2023-11-01 | $499,900 (8.1%) | $582,773 (7.4%) | 1.13 | 813 |
| 2023-12-01 | $524,900 (11.8%) | $592,344 (7.6%) | 1.17 | 656 |
| 2024-01-01 | $525,000 (8.8%) | $591,566 (6.9%) | 1.22 | 533 |
| 2024-02-01 | $532,445 (4.9%) | $618,346 (7.2%) | 1.20 | 505 |
| 2024-03-01 | $525,000 (1.5%) | $628,182 (7.7%) | 1.18 | 542 |
| 2024-04-01 | $550,925 (4.9%) | $653,141 (7.6%) | 1.22 | 622 |
| 2024-05-01 | $557,425 (5.4%) | $654,087 (7.0%) | 1.23 | 711 |
| 2024-06-01 | $550,000 (4.3%) | $652,299 (5.8%) | 1.24 | 857 |
| 2024-07-01 | $560,725 (5.8%) | $661,692 (7.6%) | 1.23 | 862 |
| 2024-08-01 | $529,900 (1.9%) | $636,778 (5.8%) | 1.21 | 920 |
| 2024-09-01 | $539,900 (5.9%) | $636,018 (6.1%) | 1.24 | 1,028 |
| 2024-10-01 | $544,950 (7.4%) | $635,653 (6.7%) | 1.24 | 1,104 |
| 2024-11-01 | $529,850 (6.0%) | $627,211 (7.6%) | 1.22 | 1,074 |
| 2024-12-01 | $527,400 (0.5%) | $619,931 (4.7%) | 1.24 | 788 |
| 2025-01-01 | $527,425 (0.5%) | $623,099 (5.3%) | 0.00 | 656 |
Worcester's median listing price comes in at 0% of the national average.
Worcester's average listing price for 2025-01-01 was $623,099, a difference of $31,533 (5.3%) versus the prior year and $3,168 versus the prior month.
For the 2025-01-01 period, Worcester had 656 MLS listings, a difference of -132 listings (-17%) versus the prior month and 123 listings (23%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Worcester (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 80 days | 1,832 sqft |
| 2018-02-01 | 75 days | 1,849 sqft |
| 2018-03-01 | 47 days | 1,891 sqft |
| 2018-04-01 | 39 days | 1,933 sqft |
| 2018-05-01 | 33 days | 1,933 sqft |
| 2018-06-01 | 37 days | 1,960 sqft |
| 2018-07-01 | 44 days | 1,986 sqft |
| 2018-08-01 | 51 days | 1,982 sqft |
| 2018-09-01 | 51 days | 1,976 sqft |
| 2018-10-01 | 54 days | 1,941 sqft |
| 2018-11-01 | 60 days | 1,925 sqft |
| 2018-12-01 | 70 days | 1,900 sqft |
| 2019-01-01 | 79 days | 1,877 sqft |
| 2019-02-01 | 78 days | 1,910 sqft |
| 2019-03-01 | 60 days | 1,967 sqft |
| 2019-04-01 | 39 days | 2,059 sqft |
| 2019-05-01 | 38 days | 2,100 sqft |
| 2019-06-01 | 39 days | 2,098 sqft |
| 2019-07-01 | 48 days | 2,065 sqft |
| 2019-08-01 | 52 days | 2,040 sqft |
| 2019-09-01 | 53 days | 2,007 sqft |
| 2019-10-01 | 53 days | 1,994 sqft |
| 2019-11-01 | 58 days | 1,982 sqft |
| 2019-12-01 | 75 days | 1,949 sqft |
| 2020-01-01 | 79 days | 1,920 sqft |
| 2020-02-01 | 58 days | 1,968 sqft |
| 2020-03-01 | 35 days | 2,027 sqft |
| 2020-04-01 | 44 days | 2,020 sqft |
| 2020-05-01 | 52 days | 2,018 sqft |
| 2020-06-01 | 41 days | 2,038 sqft |
| 2020-07-01 | 37 days | 2,066 sqft |
| 2020-08-01 | 36 days | 2,041 sqft |
| 2020-09-01 | 26 days | 1,986 sqft |
| 2020-10-01 | 26 days | 1,969 sqft |
| 2020-11-01 | 42 days | 1,919 sqft |
| 2020-12-01 | 54 days | 1,884 sqft |
| 2021-01-01 | 54 days | 1,936 sqft |
| 2021-02-01 | 47 days | 1,847 sqft |
| 2021-03-01 | 16 days | 1,808 sqft |
| 2021-04-01 | 15 days | 1,803 sqft |
| 2021-05-01 | 14 days | 1,846 sqft |
| 2021-06-01 | 16 days | 1,859 sqft |
| 2021-07-01 | 22 days | 1,830 sqft |
| 2021-08-01 | 24 days | 1,822 sqft |
| 2021-09-01 | 27 days | 1,831 sqft |
| 2021-10-01 | 26 days | 1,795 sqft |
| 2021-11-01 | 35 days | 1,827 sqft |
| 2021-12-01 | 39 days | 1,768 sqft |
| 2022-01-01 | 47 days | 1,780 sqft |
| 2022-02-01 | 28 days | 1,813 sqft |
| 2022-03-01 | 16 days | 1,820 sqft |
| 2022-04-01 | 10 days | 1,878 sqft |
| 2022-05-01 | 14 days | 1,933 sqft |
| 2022-06-01 | 16 days | 1,903 sqft |
| 2022-07-01 | 23 days | 1,905 sqft |
| 2022-08-01 | 30 days | 1,913 sqft |
| 2022-09-01 | 32 days | 1,877 sqft |
| 2022-10-01 | 33 days | 1,890 sqft |
| 2022-11-01 | 37 days | 1,879 sqft |
| 2022-12-01 | 52 days | 1,850 sqft |
| 2023-01-01 | 52 days | 1,868 sqft |
| 2023-02-01 | 42 days | 1,900 sqft |
| 2023-03-01 | 31 days | 1,898 sqft |
| 2023-04-01 | 19 days | 1,942 sqft |
| 2023-05-01 | 19 days | 1,981 sqft |
| 2023-06-01 | 18 days | 1,967 sqft |
| 2023-07-01 | 25 days | 1,945 sqft |
| 2023-08-01 | 23 days | 1,881 sqft |
| 2023-09-01 | 27 days | 1,895 sqft |
| 2023-10-01 | 27 days | 1,880 sqft |
| 2023-11-01 | 32 days | 1,877 sqft |
| 2023-12-01 | 44 days | 1,874 sqft |
| 2024-01-01 | 45 days | 1,872 sqft |
| 2024-02-01 | 30 days | 1,820 sqft |
| 2024-03-01 | 23 days | 1,820 sqft |
| 2024-04-01 | 22 days | 1,932 sqft |
| 2024-05-01 | 19 days | 1,933 sqft |
| 2024-06-01 | 23 days | 1,960 sqft |
| 2024-07-01 | 31 days | 2,025 sqft |
| 2024-08-01 | 31 days | 1,935 sqft |
| 2024-09-01 | 30 days | 1,969 sqft |
| 2024-10-01 | 31 days | 1,985 sqft |
| 2024-11-01 | 38 days | 1,917 sqft |
| 2024-12-01 | 49 days | 1,874 sqft |
| 2025-01-01 | 0 days | 1,863 sqft |
Worcester's median square footage for active listings during the 2025-01-01 period was 1,863 sqft. One year prior, the average listing was 1,872 sqft.