Massachusetts USDA Loan Rates, Closing Costs & Stats

Massachusetts

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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.

    Massachusetts USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Massachusetts averaged 6.01% for the week of 2025-03-14, compared to the national average (all USDA variants) of 6.402% for the same period.

    Massachusetts's average USDA mortgage closing costs are $6,656.

    The average rate for the prior week (2025-03-07) was 6.08% and one month ago for the week of 2025-02-07, the average rate was 6.49%.

    The average rate one year ago was 6.39%.

    For refis of the same type during the week of 2025-03-14, the average rate was 6.07%.

    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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    GUILD MORTGAGE COMPANY 6 6.27% $10,182
    TOTAL MORTGAGE SERVICES, LLC 4 6.31% $15,473
    UNITED WHOLESALE MORTGAGE, LLC 3 6.20% $8,614
    ACADEMY MORTGAGE CORPORATION 3 7.17% $12,220
    NEWREZ LLC 2 7.00% $6,961
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 6.75% $7,373
    Keystone Funding, Inc. 2 5.50% $11,490
    The Camden National Bank 2 6.56% $12,146
    GENEVA FINANCIAL, LLC 1 6.50% $13,995
    GUARANTEED RATE AFFINITY, LLC 1 6.75% $8,457
    GUARANTEED RATE, INC. 1 6.75% $6,949
    CIBM Bank 1 6.38% $6,224
    American Mortgage & Equity Consultants, Inc. 1 6.38% $18,366
    CARDINAL FINANCIAL 1 5.00% $14,023
    Northpointe Bank 1 6.38% $11,138
    NORWICH COMMERCIAL GROUP, INC. 1 6.25% $7,588
    Plains Commerce Bank 1 6.50% $10,634
    PLAZA HOME MORTGAGE, INC. 1 6.25% $17,240
    PRIMARY RESIDENTIAL MORTGAGE, INC. 1 6.88% $11,744
    RADIUS FINANCIAL GROUP INC. 1 5.63% $10,829
    Shamrock Home Loans, Inc. 1 7.25% $7,612
    T2 FINANCIAL LLC 1 7.63% $11,101
    U.S. Bank 1 6.25% $9,050
    CROSSCOUNTRY MORTGAGE, LLC 1 5.50% $22,737
    EVERETT FINANCIAL, INC. 1 7.13% $15,343
    Bank of England 1 5.50% $9,915

    The top Massachusetts USDA lender as defined by loan originations is GUILD MORTGAGE COMPANY, with 6 USDA loans originated. Their average total fees are $10,182, which is $5,291 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 .