Pennsylvania USDA Loan Rates, Closing Costs & Stats

Pennsylvania

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.

Pennsylvania USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Pennsylvania averaged 6.23% for the week of 2024-02-16, compared to the national average (all USDA variants) of 6.685% for the same period.

Pennsylvania's average USDA mortgage closing costs are $5,548.

The average rate for the prior week (2024-02-09) was 6.07% and one month ago for the week of 2024-01-12, the average rate was 5.99%.

The average rate one year ago was 5.73%.

For refis of the same type during the week of 2024-02-16, the average rate was 5.22%.

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

Pennsylvania 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 Pennsylvania level.

Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
UNION HOME MORTGAGE CORP. 87 4.62% $7,331
PLAZA HOME MORTGAGE, INC. 76 5.02% $6,959
Flagstar Bank, FSB 76 4.22% $5,348
GUILD MORTGAGE COMPANY 74 4.94% $6,744
CROSSCOUNTRY MORTGAGE, LLC 69 4.82% $7,065
EQUITY RESOURCES, INC. 58 5.11% $5,733
HOME POINT FINANCIAL CORPORATION 57 4.43% $7,190
UNITED WHOLESALE MORTGAGE, LLC 54 4.74% $7,793
First Commonwealth Bank 53 4.63% $5,367
SOMERSET TRUST COMPANY 49 4.85% $4,520
PRIMELENDING, A PLAINSCAPITAL COMPANY 48 5.09% $5,833
Northpointe Bank 45 4.21% $6,916
EMM LOANS LLC 38 4.69% $7,085
Mortgage America, Inc. 34 5.19% $5,588
Citizens Bank 32 4.70% $6,146
ALLIED MORTGAGE GROUP, INC. 32 4.53% $7,628
Century Mortgage Company DBA Century Lending Company 31 4.31% $6,225
Jersey Shore State Bank 30 4.29% $5,906
DEVELOPER'S MORTGAGE COMPANY 28 5.01% $3,487
NORWICH COMMERCIAL GROUP, INC. 27 5.17% $6,394
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 26 4.98% $5,937
CARDINAL FINANCIAL 26 4.66% $6,621
CALIBER HOME LOANS, INC. 24 4.65% $7,462
Victorian Finance, LLC 23 4.63% $6,428
Summit Mortgage Corporation 22 5.01% $7,160
Paramount Residential Mortgage Group, Inc. 18 5.24% $7,932
WEST PENN FINANCIAL SERVICE CENTER, INC. 18 5.10% $5,423
TIDEWATER MORTGAGE SERVICES, INC. 18 4.85% $5,780
STOCKTON MORTGAGE CORPORATION 18 4.94% $6,630
Integrity Home Mortgage Corp 18 5.21% $7,603
MCLEAN MORTGAGE CORPORATION 17 4.78% $6,337
HOWARD HANNA FINANCIAL SERVICES, INC. 16 4.75% $4,744
Sail Mortgage Corp. 15 4.12% $6,335
Union Savings Bank 15 4.71% $4,494
RELIANCE FIRST CAPITAL, LLC 15 4.53% $5,162
HOMESPIRE MORTGAGE CORPORATION 14 4.46% $7,159
Northwest Bank 13 3.75% $5,221
MOVEMENT MORTGAGE, LLC 13 4.60% $7,277
PENNYMAC LOAN SERVICES, LLC 11 3.02% $5,360
Bank of England 11 5.09% $6,373
HOMEBRIDGE FINANCIAL SERVICES, INC. 10 5.56% $6,600
TOWNE MORTGAGE COMPANY 10 4.94% $6,313
U.S. Bank 10 5.19% $5,445
York Traditions Bank 9 4.01% $5,867
First National Bank of Pennsylvania 9 4.92% $6,257
Wells Fargo Bank 9 5.63% $5,091
T2 FINANCIAL LLC 8 4.93% $6,857
EVERETT FINANCIAL, INC. 8 4.67% $4,776
LOANDEPOT.COM, LLC 7 5.11% $6,495
PATRIOT 7 4.34% $5,802
Princeton Mortgage Corporation 7 3.73% $7,823
Univest Bank and Trust Co. 7 4.73% $6,483
BROKER SOLUTIONS, INC. 7 5.62% $8,062
Mortgage Research Center, LLC 7 5.89% $3,909
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 7 5.27% $6,202
Meridian Bank Corporation 7 4.07% $5,954
GUARANTEED RATE AFFINITY, LLC 7 4.50% $6,594
FINANCE OF AMERICA MORTGAGE LLC 7 4.64% $7,283
Equity Prime Mortgage LLC 7 5.09% $4,267
EVANSVILLE TEACHERS 7 4.11% $5,245
The Ephrata National Bank 6 4.00% $7,412
ASSOCIATED MORTGAGE BANKERS, INC. 6 4.19% $6,688
George Mason Mortgage, LLC 6 4.56% $7,229
MICHIGAN MUTUAL, INC. 6 4.77% $7,267
DRAPER AND KRAMER MORTGAGE CORP. 6 4.50% $5,384
Sierra Pacific Mortgage Company, Inc. 6 4.46% $6,793
NEWREZ LLC 6 6.08% $7,050
Nations Lending Corporation 6 5.19% $2,643
CHERRY CREEK MORTGAGE, LLC 6 4.25% $2,068
Kish Bank 5 5.00% $4,944
NFM, INC. 5 4.53% $7,137
AMERICAN FINANCIAL RESOURCES, INC. 5 6.30% $4,985
PLANET HOME LENDING, LLC 5 5.00% $5,634
FIRST HOME MORTGAGE CORPORATION 5 4.85% $7,868
Plains Commerce Bank 5 4.97% $5,915
Prosperity Home Mortgage, LLC 5 4.87% $7,333
AMCAP MORTGAGE, LTD. 4 5.44% $7,665
PRIMARY RESIDENTIAL MORTGAGE, INC. 4 5.72% $7,572
WELCOME HOME FINANCE, L.P. 4 5.63% $3,383
M&T Bank 4 4.44% $6,253
Mortgage Network, Inc. 4 5.03% $7,907
HOMESIDE FINANCIAL, LLC 4 4.47% $6,421
FEDERATED MORTGAGE CORP. 4 5.09% $5,409
Fulton Bank 4 4.31% $6,730
BAYSHORE MORTGAGE FUNDING, LLC 4 5.25% $8,184
Network Funding, L.P. 3 5.29% $9,405
Acre Mortgage and Financial Inc 3 5.42% $11,454
ARK-LA-TEX FINANCIAL SERVICES, LLC. 3 3.92% $4,389
BAY CAPITAL MORTGAGE CORPORATION 3 5.33% $8,239
Farmers and Merchants Trust Company of Chambersburg 3 3.38% $5,779
GUARANTEED RATE, INC. 3 5.25% $6,429
LIBERTY HOME MORTGAGE CORPORATION 3 5.08% $10,827
PNC Bank 3 4.25% $4,968
Presidential Bank, FSB 3 4.46% $6,597
SOUTHPOINT FINANCIAL SERVICES, INC. 3 6.25% $4,809
SWBC MORTGAGE CORPORATION 3 5.21% $3,075
The Huntington National Bank 3 5.08% $5,299
Towne Bank 3 4.88% $6,992
Waterstone Mortgage Corporation 3 4.67% $6,830
NATIONWIDE MORTGAGE BANKERS, INC. 2 6.75% $8,190
SUCCESS MORTGAGE PARTNERS, INC. 2 4.69% $5,654
GUARANTY HOME MORTGAGE CORPORATION 2 5.13% $6,511
ENVOY MORTGAGE, LTD 2 4.38% $10,052
CHURCHILL MORTGAGE CORPORATION 2 5.38% $7,880
First Federal Bank of the Midwest 2 3.75% $5,860
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 2 5.63% $6,805
ROUNDPOINT MORTGAGE SERVICING CORPORATION 2 4.31% $7,297
EMBRACE HOME LOANS, INC. 2 5.50% $10,781
WesBanco 2 5.00% $5,508
CONTOUR MORTGAGE CORPORATION 2 4.81% $7,593
Mid Penn Bank 2 3.06% $7,157
MEMBERS 1ST FEDERAL CREDIT UNION 2 5.69% $7,481
Magnolia Bank 2 4.88% $5,627
FIRST ALLIANCE HOME MORTGAGE, LLC 2 4.75% $9,692
Alcova Mortgage LLC 2 5.63% $3,968
HORIZON Federal Credit Union 2 5.06% $5,658
FIRST COMMUNITY MORTGAGE, INC. 1 5.63% $5,542
FIDELITY DIRECT MORTGAGE, LLC 1 4.25% $6,871
Quaint Oak Mortgage, LLC 1 3.25% $8,997
Republic Bank 1 5.63% $4,909
RESIDENTIAL HOME FUNDING CORP. 1 4.00% $7,136
CNB Bank Inc. 1 3.50% $4,270
CMG MORTGAGE, INC. 1 6.00% $10,841
Clear Mountain Bank 1 5.50% $4,818
Advisors Mortgage Group, L.L.C. 1 5.75% $10,854
TD Bank 1 4.88% $4,751
CBM Mortgage, Inc. 1 4.88% $6,375
The Farmers National Bank of Emlenton 1 6.00% $3,921
The Federal Savings Bank 1 5.13% $6,483
Carrington Mortgage Services, LLC 1 4.38% $4,234
TJC Mortgage, Inc. 1 2.88% $8,040
TOTAL MORTGAGE SERVICES, LLC 1 5.63% $6,986
ACNB Bank 1 5.25% $6,223
Barrington Bank & Trust Company, N.A. 1 5.25% $12,806
Truist 1 5.00% $8,047
Austin Capital Bank SSB 1 4.13% $6,421
Atlantic Union Bank 1 7.13% $6,109
United Bank 1 3.50% $4,270
UNITED MORTGAGE CORP 1 5.75% $7,493
Atlantic Coast Mortgage, LLC 1 5.00% $10,362
AMERIFIRST FINANCIAL CORPORATION 1 5.13% $9,230
NATIONS RELIABLE LENDING, LLC 1 5.50% $5,936
MORTGAGE ACCESS CORP. 1 3.75% $3,322
KELLER MORTGAGE, LLC 1 2.75% $6,475
ITHINK FINANCIAL Credit Union 1 6.13% $4,982
AMERICAN PACIFIC MORTGAGE CORPORATION 1 6.75% $7,358
1ST FINANCIAL, INC. 1 3.38% $6,568
Hometown Lenders, Inc. 1 4.99% $13,344
Home State Bank 1 5.75% $9,171
NJ LENDERS CORP. 1 3.00% $7,833
GSF Mortgage Corporation 1 4.63% $6,429
GREENWAY MORTGAGE FUNDING CORP. 1 3.50% $5,695
NP, Inc. 1 4.13% $6,965
Orrstown Bank 1 4.13% $5,196
Foote Capital Mortgage Company 1 3.25% $3,127
First Home Bank 1 4.00% $8,225
Philadelphia Mortgage Advisors, Inc. 1 5.38% $14,748
First Heritage Mortgage, LLC 1 3.38% $9,561
FIRST HERITAGE FINANCIAL, LLC 1 3.00% $4,767
First Guaranty Mortgage Corporation 1 4.75% $7,818
American Financial Mortgage Corporation 1 3.75% $8,007
1ST SIGNATURE LENDING, LLC 1 3.50% $7,332

The top Pennsylvania USDA lender as defined by loan originations is UNION HOME MORTGAGE CORP., with 87 USDA loans originated. Their average total fees are $7,331, which is $372 higher than the next largest lender, PLAZA HOME MORTGAGE, INC..

The lowest fee Pennsylvania USDA lenders (with over 10 loans originated) are DEVELOPER'S MORTGAGE COMPANY ($3,487), Union Savings Bank ($4,494), SOMERSET TRUST COMPANY ($4,520), HOWARD HANNA FINANCIAL SERVICES, INC. ($4,744) and RELIANCE FIRST CAPITAL, LLC ($5,162).

The lowest rate Pennsylvania USDA lenders (with over 10 loans originated) are PENNYMAC LOAN SERVICES, LLC (3.02%), Northwest Bank (3.75%), Sail Mortgage Corp. (4.12%), Northpointe Bank (4.21%) and Flagstar Bank, FSB (4.22%).