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 -0.24% for the week of 2024-11-29, compared to the national average (all USDA variants) of 0% for the same period.

Delaware's average USDA mortgage closing costs are $7,112.

The average rate for the prior week (2024-11-22) was 6.57% and one month ago for the week of 2024-10-25, the average rate was 6.17%.

The average rate one year ago was 6.97%.

For refis of the same type during the week of 2024-11-29, the average rate was 0.2%.

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

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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
Meridian Bank Corporation 19 6.37% $9,975
DHI MORTGAGE COMPANY, LTD. 5 5.45% $6,982
NFM, INC. 4 6.19% $11,454
MOVEMENT MORTGAGE, LLC 3 6.25% $11,470
Nations Lending Corporation 3 6.25% $13,426
Ixonia Bank 3 6.46% $7,587
TIDEWATER MORTGAGE SERVICES, INC. 3 6.54% $11,013
SUN WEST MORTGAGE COMPANY, INC. 2 5.93% $17,026
ABSOLUTE HOME MORTGAGE CORPORATION 2 7.63% $11,564
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 2 7.37% $11,343
Fulton Bank 1 5.25% $10,590
GUILD MORTGAGE COMPANY 1 5.63% $11,126
Huntingdon Valley Bank 1 5.63% $14,289
Keystone Funding, Inc. 1 5.75% $7,354
Northpointe Bank 1 5.75% $8,324
NVR Mortgage Finance, Inc. 1 5.25% $18,597
Prosperity Home Mortgage, LLC 1 5.99% $11,569
RADIUS FINANCIAL GROUP INC. 1 6.50% $11,867
UNITED WHOLESALE MORTGAGE, LLC 1 6.63% $6,746
ACADEMY MORTGAGE CORPORATION 1 7.25% $8,471
ALLIED MORTGAGE GROUP, INC. 1 6.63% $7,809
CARDINAL FINANCIAL 1 6.63% $9,736
CMG MORTGAGE, INC. 1 5.63% $12,487
CROSSCOUNTRY MORTGAGE, LLC 1 6.50% $8,496
EMM LOANS LLC 1 6.00% $10,258
Evolve Bank & Trust 1 6.50% $10,428
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 6.25% $8,569
FIRST COMMUNITY MORTGAGE, INC. 1 5.63% $13,177

The top Delaware USDA lender as defined by loan originations is Meridian Bank Corporation, with 19 USDA loans originated. Their average total fees are $9,975, which is $2,993 higher than the next largest lender, DHI MORTGAGE COMPANY, LTD..

The lowest fee Delaware USDA lenders (with over 10 loans originated) are Meridian Bank Corporation ($9,975), .

The lowest rate Delaware USDA lenders (with over 10 loans originated) are Meridian Bank Corporation (6.37%), .