Worcester USDA Loan Rates, Closing Costs & Stats

WORCESTER, MA-CT

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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.

    Worcester's 7 lenders originated 10 USDA loans during 2024. The total origination value was $3,130,000, with an average USDA loan value of $313,000.

    Worcester USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Worcester averaged 6.65% for the week of 2025-04-25, compared to the national average (all USDA variants) of 6.5% for the same period.

    Worcester's average USDA mortgage closing costs are $5,894.

    The average rate for the prior week (2025-04-18) was 6.6% and one month ago for the week of 2025-03-21, the average rate was 6.82%.

    The average rate one year ago was 7.31%.

    For refis of the same type during the week of 2025-04-25, the average rate was 6.37%.

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

    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 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Ixonia Bank 2 6.38% $13,178
    GUARANTEED RATE, INC. 2 6.75% $10,763
    TOTAL MORTGAGE SERVICES, LLC 2 6.25% $11,886
    Evolve Bank & Trust 1 5.75% $8,428
    MOVEMENT MORTGAGE, LLC 1 6.75% $11,215
    Nations Lending Corporation 1 6.75% $12,471
    GUILD MORTGAGE COMPANY 1 6.13% $7,181

    The top Worcester USDA lender as defined by loan originations is Ixonia Bank, with 2 USDA loans originated. Their average total fees are $13,178, which is $2,414 higher than the next largest lender, GUARANTEED RATE, INC..

    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%) 1.15 1,524
    2018-02-01 $319,900 (8.0%) $379,033 (7.2%) 1.16 1,436
    2018-03-01 $329,900 (8.2%) $397,354 (9.4%) 1.16 1,462
    2018-04-01 $346,906 (8.4%) $416,480 (11.0%) 1.18 1,590
    2018-05-01 $349,900 (9.4%) $417,375 (10.8%) 1.17 1,818
    2018-06-01 $349,900 (6.1%) $417,219 (8.7%) 1.17 2,091
    2018-07-01 $349,900 (7.7%) $416,830 (9.6%) 1.17 2,187
    2018-08-01 $349,450 (9.2%) $410,125 (8.7%) 1.17 2,294
    2018-09-01 $340,000 (9.7%) $408,009 (9.6%) 1.14 2,494
    2018-10-01 $330,000 (8.2%) $400,674 (7.7%) 1.12 2,515
    2018-11-01 $329,900 (6.5%) $395,076 (5.6%) 1.12 2,356
    2018-12-01 $329,900 (6.5%) $396,198 (6.5%) 1.14 1,933
    2019-01-01 $332,500 (7.3%) $398,354 (7.2%) 1.15 1,640
    2019-02-01 $349,675 (9.3%) $404,410 (6.7%) 1.18 1,502
    2019-03-01 $362,757 (10.0%) $418,231 (5.3%) 1.19 1,555
    2019-04-01 $379,900 (9.5%) $435,002 (4.5%) 1.21 1,653
    2019-05-01 $389,900 (11.4%) $443,457 (6.3%) 1.22 1,861
    2019-06-01 $389,900 (11.4%) $451,791 (8.3%) 1.22 2,080
    2019-07-01 $379,900 (8.6%) $445,764 (6.9%) 1.19 2,099
    2019-08-01 $376,164 (7.6%) $441,387 (7.6%) 1.19 2,099
    2019-09-01 $370,559 (9.0%) $434,322 (6.5%) 1.19 2,116
    2019-10-01 $368,673 (11.7%) $429,450 (7.2%) 1.19 2,121
    2019-11-01 $369,900 (12.1%) $423,282 (7.1%) 1.21 1,926
    2019-12-01 $369,900 (12.1%) $421,551 (6.4%) 1.23 1,538
    2020-01-01 $369,900 (11.3%) $426,095 (7.0%) 1.24 1,312
    2020-02-01 $374,900 (7.2%) $440,979 (9.0%) 1.23 1,196
    2020-03-01 $394,200 (8.7%) $456,129 (9.1%) 1.24 1,285
    2020-04-01 $389,950 (2.7%) $450,844 (3.6%) 1.22 1,304
    2020-05-01 $399,900 (2.6%) $462,749 (4.4%) 1.22 1,354
    2020-06-01 $419,950 (7.7%) $487,659 (7.9%) 1.24 1,245
    2020-07-01 $419,950 (10.5%) $489,462 (9.8%) 1.22 1,109
    2020-08-01 $409,000 (8.7%) $488,802 (10.7%) 1.17 1,020
    2020-09-01 $399,925 (7.9%) $489,223 (12.6%) 1.15 1,035
    2020-10-01 $399,900 (8.5%) $498,609 (16.1%) 1.15 1,050
    2020-11-01 $394,425 (6.6%) $486,255 (14.9%) 1.15 909
    2020-12-01 $397,722 (7.5%) $484,617 (15.0%) 1.18 773
    2021-01-01 $415,000 (12.2%) $508,984 (19.5%) 1.24 572
    2021-02-01 $425,000 (13.4%) $504,117 (14.3%) 1.24 482
    2021-03-01 $412,450 (4.6%) $497,606 (9.1%) 1.17 539
    2021-04-01 $414,975 (6.4%) $495,676 (9.9%) 1.12 595
    2021-05-01 $425,000 (6.3%) $504,094 (8.9%) 1.13 660
    2021-06-01 $443,250 (5.6%) $508,707 (4.3%) 1.17 778
    2021-07-01 $449,000 (6.9%) $505,855 (3.4%) 1.18 854
    2021-08-01 $430,000 (5.1%) $498,711 (2.0%) 1.15 903
    2021-09-01 $429,450 (7.4%) $502,004 (2.6%) 1.15 922
    2021-10-01 $402,000 (0.5%) $488,744 (-2.0%) 1.07 916
    2021-11-01 $405,995 (2.9%) $481,243 (-1.0%) 1.09 762
    2021-12-01 $416,250 (4.7%) $489,870 (1.1%) 1.13 571
    2022-01-01 $430,000 (3.6%) $504,428 (-0.9%) 1.16 432
    2022-02-01 $450,000 (5.9%) $527,232 (4.6%) 1.17 402
    2022-03-01 $457,500 (10.9%) $541,288 (8.8%) 1.15 412
    2022-04-01 $470,000 (13.3%) $565,176 (14.0%) 1.12 505
    2022-05-01 $495,000 (16.5%) $569,305 (12.9%) 1.13 655
    2022-06-01 $472,400 (6.6%) $554,026 (8.9%) 1.05 827
    2022-07-01 $474,900 (5.8%) $548,050 (8.3%) 1.07 1,005
    2022-08-01 $469,900 (9.3%) $548,895 (10.1%) 1.09 968
    2022-09-01 $459,900 (7.1%) $544,007 (8.4%) 1.08 918
    2022-10-01 $464,961 (15.7%) $543,375 (11.2%) 1.09 936
    2022-11-01 $462,400 (13.9%) $542,645 (12.8%) 1.11 904
    2022-12-01 $469,400 (12.8%) $550,650 (12.4%) 1.16 679
    2023-01-01 $482,450 (12.2%) $553,474 (9.7%) 1.20 617
    2023-02-01 $507,400 (12.8%) $576,996 (9.4%) 1.22 512
    2023-03-01 $517,400 (13.1%) $583,297 (7.8%) 1.22 498
    2023-04-01 $524,990 (11.7%) $606,876 (7.4%) 1.22 577
    2023-05-01 $528,698 (6.8%) $611,097 (7.3%) 1.20 625
    2023-06-01 $527,450 (11.7%) $616,381 (11.3%) 1.19 675
    2023-07-01 $529,900 (11.6%) $615,012 (12.2%) 1.20 629
    2023-08-01 $519,925 (10.7%) $601,853 (9.7%) 1.19 704
    2023-09-01 $510,000 (10.9%) $599,240 (10.2%) 1.19 770
    2023-10-01 $507,500 (9.2%) $595,887 (9.7%) 1.19 799
    2023-11-01 $499,900 (8.1%) $582,773 (7.4%) 1.19 813
    2023-12-01 $524,900 (11.8%) $592,344 (7.6%) 1.28 656
    2024-01-01 $525,000 (8.8%) $591,566 (6.9%) 1.28 533
    2024-02-01 $532,445 (4.9%) $618,346 (7.2%) 1.28 505
    2024-03-01 $525,000 (1.5%) $628,182 (7.7%) 1.24 542
    2024-04-01 $550,925 (4.9%) $653,141 (7.6%) 1.28 622
    2024-05-01 $557,425 (5.4%) $654,087 (7.0%) 1.27 711
    2024-06-01 $550,000 (4.3%) $652,299 (5.8%) 1.25 857
    2024-07-01 $560,725 (5.8%) $661,692 (7.6%) 1.28 862
    2024-08-01 $529,900 (1.9%) $636,778 (5.8%) 1.23 920
    2024-09-01 $539,900 (5.9%) $636,018 (6.1%) 1.27 1,028
    2024-10-01 $544,950 (7.4%) $635,653 (6.7%) 1.28 1,104
    2024-11-01 $529,850 (6.0%) $627,211 (7.6%) 1.27 1,074
    2024-12-01 $527,400 (0.5%) $619,931 (4.7%) 1.31 788
    2025-01-01 $527,425 (0.5%) $623,099 (5.3%) 1.32 656
    2025-02-01 $539,500 (1.3%) $627,427 (1.5%) 1.31 626
    2025-03-01 $549,950 (4.8%) $649,606 (3.4%) 1.29 662
    Worcester's median listing price for 2025-03-01 was $549,950, a difference of $24,950 (4.8%) versus the prior year and $10,450 versus the prior month.

    Worcester's median listing price comes in at 129% of the national average.

    Worcester's average listing price for 2025-03-01 was $649,606, a difference of $21,424 (3.4%) versus the prior year and $22,179 versus the prior month.

    For the 2025-03-01 period, Worcester had 662 MLS listings, a difference of 36 listings (6%) versus the prior month and 120 listings (22%) 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 78 days 1,832 sqft
    2018-02-01 71 days 1,849 sqft
    2018-03-01 45 days 1,891 sqft
    2018-04-01 37 days 1,933 sqft
    2018-05-01 31 days 1,933 sqft
    2018-06-01 34 days 1,960 sqft
    2018-07-01 42 days 1,986 sqft
    2018-08-01 47 days 1,982 sqft
    2018-09-01 46 days 1,976 sqft
    2018-10-01 50 days 1,941 sqft
    2018-11-01 58 days 1,925 sqft
    2018-12-01 67 days 1,900 sqft
    2019-01-01 78 days 1,877 sqft
    2019-02-01 74 days 1,910 sqft
    2019-03-01 57 days 1,967 sqft
    2019-04-01 37 days 2,059 sqft
    2019-05-01 37 days 2,100 sqft
    2019-06-01 37 days 2,098 sqft
    2019-07-01 47 days 2,065 sqft
    2019-08-01 51 days 2,040 sqft
    2019-09-01 52 days 2,007 sqft
    2019-10-01 52 days 1,994 sqft
    2019-11-01 57 days 1,982 sqft
    2019-12-01 73 days 1,949 sqft
    2020-01-01 78 days 1,920 sqft
    2020-02-01 58 days 1,968 sqft
    2020-03-01 33 days 2,027 sqft
    2020-04-01 43 days 2,020 sqft
    2020-05-01 52 days 2,018 sqft
    2020-06-01 38 days 2,038 sqft
    2020-07-01 38 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 44 days 1,919 sqft
    2020-12-01 57 days 1,884 sqft
    2021-01-01 54 days 1,936 sqft
    2021-02-01 43 days 1,847 sqft
    2021-03-01 15 days 1,808 sqft
    2021-04-01 14 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 25 days 1,831 sqft
    2021-10-01 26 days 1,795 sqft
    2021-11-01 32 days 1,827 sqft
    2021-12-01 38 days 1,768 sqft
    2022-01-01 44 days 1,780 sqft
    2022-02-01 25 days 1,813 sqft
    2022-03-01 13 days 1,820 sqft
    2022-04-01 10 days 1,878 sqft
    2022-05-01 13 days 1,933 sqft
    2022-06-01 16 days 1,903 sqft
    2022-07-01 22 days 1,905 sqft
    2022-08-01 30 days 1,913 sqft
    2022-09-01 31 days 1,877 sqft
    2022-10-01 32 days 1,890 sqft
    2022-11-01 37 days 1,879 sqft
    2022-12-01 52 days 1,850 sqft
    2023-01-01 50 days 1,868 sqft
    2023-02-01 41 days 1,900 sqft
    2023-03-01 29 days 1,898 sqft
    2023-04-01 19 days 1,942 sqft
    2023-05-01 17 days 1,981 sqft
    2023-06-01 18 days 1,967 sqft
    2023-07-01 24 days 1,945 sqft
    2023-08-01 19 days 1,881 sqft
    2023-09-01 25 days 1,895 sqft
    2023-10-01 25 days 1,880 sqft
    2023-11-01 30 days 1,877 sqft
    2023-12-01 42 days 1,874 sqft
    2024-01-01 45 days 1,872 sqft
    2024-02-01 29 days 1,820 sqft
    2024-03-01 22 days 1,820 sqft
    2024-04-01 20 days 1,932 sqft
    2024-05-01 18 days 1,933 sqft
    2024-06-01 23 days 1,960 sqft
    2024-07-01 31 days 2,025 sqft
    2024-08-01 30 days 1,935 sqft
    2024-09-01 30 days 1,969 sqft
    2024-10-01 31 days 1,985 sqft
    2024-11-01 39 days 1,917 sqft
    2024-12-01 48 days 1,874 sqft
    2025-01-01 50 days 1,863 sqft
    2025-02-01 39 days 1,888 sqft
    2025-03-01 25 days 1,921 sqft
    Worcester's median listing age (time on market) for 2025-03-01 was 25 days. This is 14% longer than the same period one year ago.

    Worcester's median square footage for active listings during the 2025-03-01 period was 1,921 sqft. One year prior, the average listing was 1,820 sqft.