Delaware USDA Loan Rates, Closing Costs & Stats
Delaware
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.
Delaware USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Delaware
averaged
6.65%
for the week of 2025-04-04, compared to the national average (all USDA variants) of
6.324% for the same period.
Delaware's average USDA mortgage closing costs are $7,162.
The average rate for the prior week (2025-03-28) was
6.61% and
one month ago for the week of 2025-02-28, the
average rate was 6.56%.
The average rate one year ago was 6.92%.
For refis of the same type during the week of 2025-04-04, the average rate
was 6.35%.
Delaware 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 Delaware level.
| Name | # of Loans | 2024 Avg. 30yFix Rate | 2024 Avg. Closing Costs |
|---|---|---|---|
| Meridian Bank Corporation | 10 | 6.18% | $9,498 |
| Keystone Funding, Inc. | 6 | 6.00% | $12,123 |
| DIRECT MORTGAGE LOANS, LLC | 3 | 6.21% | $9,814 |
| PIKE CREEK MORTGAGE SERVICES, INC. | 3 | 5.96% | $9,621 |
| EMBRACE HOME LOANS, INC. | 3 | 5.75% | $9,506 |
| NATION ONE MORTGAGE CORPORATION | 2 | 6.06% | $11,941 |
| MOVEMENT MORTGAGE, LLC | 2 | 6.25% | $11,010 |
| GUILD MORTGAGE COMPANY | 1 | 5.75% | $9,743 |
| Nations Lending Corporation | 1 | 6.25% | $3,166 |
| NEWREZ LLC | 1 | 6.99% | $5,421 |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | 1 | 6.75% | $7,381 |
| Prosperity Home Mortgage, LLC | 1 | 6.49% | $8,474 |
| ABSOLUTE HOME MORTGAGE CORPORATION | 1 | 6.13% | $18,254 |
| TIDEWATER MORTGAGE SERVICES, INC. | 1 | 6.25% | $12,349 |
| American Mortgage & Equity Consultants, Inc. | 1 | 5.88% | $11,991 |
| AMERICAN PACIFIC MORTGAGE CORPORATION | 1 | 6.13% | $17,284 |
| CROSSCOUNTRY MORTGAGE, LLC | 1 | 6.63% | $7,265 |
| DHI MORTGAGE COMPANY, LTD. | 1 | 5.75% | $13,616 |
| FIRST HOME MORTGAGE CORPORATION | 1 | 5.75% | $16,743 |
| GUARANTEED RATE AFFINITY, LLC | 1 | 6.25% | $8,646 |
The top Delaware USDA lender as defined by loan originations is Meridian Bank Corporation, with
10 USDA loans originated. Their average total fees are
$9,498, which is $2,625
lower than the next largest lender,
Keystone Funding, Inc..
The lowest fee Delaware USDA lenders (with over 10 loans originated) are
Meridian Bank Corporation ($9,498), .
The lowest rate Delaware USDA lenders (with over 10 loans originated) are
Meridian Bank Corporation (6.18%), .