Massachusetts USDA Loan Rates, Closing Costs & Stats

Massachusetts

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.

Massachusetts USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Massachusetts averaged 6.27% for the week of 2025-04-04, compared to the national average (all USDA variants) of 6.324% for the same period.

Massachusetts's average USDA mortgage closing costs are $6,721.

The average rate for the prior week (2025-03-28) was 6.73% and one month ago for the week of 2025-02-28, the average rate was 6.78%.

The average rate one year ago was 6.94%.

For refis of the same type during the week of 2025-04-04, the average rate was 6.15%.

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

Massachusetts 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 Massachusetts level.

Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
GUILD MORTGAGE COMPANY 4 6.44% $9,194
TOTAL MORTGAGE SERVICES, LLC 3 6.33% $12,903
Ixonia Bank 2 6.38% $13,178
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 6.12% $16,824
GUARANTEED RATE, INC. 2 6.75% $10,763
NORWICH COMMERCIAL GROUP, INC. 2 6.25% $7,616
Sierra Pacific Mortgage Company, Inc. 1 6.75% $9,304
CMG MORTGAGE, INC. 1 6.50% $8,933
HARBORONE MORTGAGE, LLC 1 6.50% $6,552
BROKER SOLUTIONS, INC. 1 5.99% $10,186
LEADERONE FINANCIAL CORPORATION 1 5.62% $6,848
MOVEMENT MORTGAGE, LLC 1 6.75% $11,215
MSA MORTGAGE, LLC 1 6.88% $7,841
Nations Lending Corporation 1 6.75% $12,471
CIBM Bank 1 6.88% $7,090
Evolve Bank & Trust 1 5.75% $8,428
PLAZA HOME MORTGAGE, INC. 1 6.13% $9,435
GUARANTEED RATE AFFINITY, LLC 1 6.75% $7,285

The top Massachusetts USDA lender as defined by loan originations is GUILD MORTGAGE COMPANY, with 4 USDA loans originated. Their average total fees are $9,194, which is $3,709 lower than the next largest lender, TOTAL MORTGAGE SERVICES, LLC.

The lowest fee Massachusetts USDA lenders (with over 10 loans originated) are .

The lowest rate Massachusetts USDA lenders (with over 10 loans originated) are .