Pennsylvania USDA Loan Rates, Closing Costs & Stats

Pennsylvania

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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.

    Pennsylvania USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Pennsylvania averaged 7.04% for the week of 2024-04-19, compared to the national average (all USDA variants) of 6.863% for the same period.

    Pennsylvania's average USDA mortgage closing costs are $5,627.

    The average rate for the prior week (2024-04-12) was 6.69% and one month ago for the week of 2024-03-15, the average rate was 6.67%.

    The average rate one year ago was 6.11%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.9%.

    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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    PLAZA HOME MORTGAGE, INC. 62 6.57% $7,124
    UNION HOME MORTGAGE CORP. 55 6.55% $7,298
    UNITED WHOLESALE MORTGAGE, LLC 50 6.13% $7,891
    GUILD MORTGAGE COMPANY 39 6.37% $7,555
    CROSSCOUNTRY MORTGAGE, LLC 35 6.74% $7,555
    Mortgage America, Inc. 30 6.31% $5,794
    NORWICH COMMERCIAL GROUP, INC. 28 6.76% $6,277
    Flagstar Bank, FSB 27 6.68% $5,580
    EQUITY RESOURCES, INC. 26 6.63% $5,536
    First Commonwealth Bank 26 6.50% $5,845
    DEVELOPER'S MORTGAGE COMPANY 25 6.46% $4,459
    ALLIED MORTGAGE GROUP, INC. 24 6.35% $9,954
    EMM LOANS LLC 23 6.29% $7,471
    PRIMELENDING, A PLAINSCAPITAL COMPANY 21 6.54% $6,135
    Paramount Residential Mortgage Group, Inc. 20 6.71% $6,829
    Northpointe Bank 19 6.22% $7,447
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 18 6.43% $6,951
    SOMERSET TRUST COMPANY 18 6.34% $4,844
    Citizens Bank 18 6.33% $7,334
    Summit Mortgage Corporation 15 6.26% $6,972
    Equity Prime Mortgage LLC 15 6.94% $5,426
    Victorian Finance, LLC 15 6.13% $8,430
    Century Mortgage Company DBA Century Lending Company 14 6.47% $5,601
    RELIANCE FIRST CAPITAL, LLC 14 6.47% $5,516
    First National Bank of Pennsylvania 13 6.13% $5,911
    MOVEMENT MORTGAGE, LLC 13 7.02% $8,134
    AMERICAN FINANCIAL RESOURCES, INC. 12 6.42% $7,333
    Sail Mortgage Corp. 11 6.59% $5,417
    STOCKTON MORTGAGE CORPORATION 11 6.57% $8,360
    Integrity Home Mortgage Corp 11 6.39% $11,257
    HOWARD HANNA FINANCIAL SERVICES, INC. 11 6.30% $5,816
    CARDINAL FINANCIAL 10 6.48% $6,128
    Northwest Bank 10 6.52% $4,874
    T2 FINANCIAL LLC 9 6.32% $7,919
    BROKER SOLUTIONS, INC. 9 6.81% $7,358
    CMG MORTGAGE, INC. 8 6.94% $7,260
    WELCOME HOME FINANCE, L.P. 8 6.09% $2,130
    Jersey Shore State Bank 8 6.20% $7,287
    Union Savings Bank 8 6.44% $5,008
    Mortgage Research Center, LLC 8 6.53% $2,064
    WEST PENN FINANCIAL SERVICE CENTER, INC. 7 6.32% $5,462
    AMCAP MORTGAGE, LTD. 7 6.18% $6,562
    Bank of England 7 5.96% $7,105
    TIDEWATER MORTGAGE SERVICES, INC. 7 6.71% $6,495
    AMERICAN FINANCIAL NETWORK, INC. 7 6.61% $9,293
    NEWREZ LLC 6 6.65% $8,343
    TOWNE MORTGAGE COMPANY 6 6.21% $7,257
    ENVOY MORTGAGE, LTD 5 6.50% $12,428
    SOUTHPOINT FINANCIAL SERVICES, INC. 5 6.30% $5,876
    FIRST HOME MORTGAGE CORPORATION 5 5.95% $9,603
    AFFORDABLE MORTGAGE ADVISORS, LLC. 5 6.50% $4,573
    GUARANTEED RATE AFFINITY, LLC 5 6.17% $6,747
    HOMESPIRE MORTGAGE CORPORATION 5 6.63% $4,602
    ABSOLUTE HOME MORTGAGE CORPORATION 5 6.80% $7,912
    GUARANTEED RATE, INC. 4 6.56% $7,955
    FIRST HERITAGE FINANCIAL, LLC 4 6.71% $5,113
    PATRIOT 4 5.75% $6,265
    PLANET HOME LENDING, LLC 4 6.44% $10,792
    Carrington Mortgage Services, LLC 4 6.63% $9,160
    Meridian Bank Corporation 4 5.94% $9,242
    The Huntington National Bank 4 6.50% $6,811
    WesBanco 4 6.22% $6,521
    NFM, INC. 3 6.63% $8,291
    Prosperity Home Mortgage, LLC 3 5.96% $8,491
    DRAPER AND KRAMER MORTGAGE CORP. 3 7.17% $5,729
    Towne Bank 3 6.21% $6,543
    Farmers and Merchants Trust Company of Chambersburg 3 5.92% $6,943
    Wells Fargo Bank 3 6.63% $2,203
    HOMEBRIDGE FINANCIAL SERVICES, INC. 3 5.96% $7,840
    Keystone Funding, Inc. 3 6.04% $13,112
    Kish Bank 3 6.50% $5,616
    LOANDEPOT.COM, LLC 3 6.25% $9,432
    MEMBERS 1ST FEDERAL CREDIT UNION 3 6.50% $6,283
    M&T Bank 3 6.42% $8,241
    NVR Mortgage Finance, Inc. 3 5.83% $10,112
    Fulton Bank 2 7.06% $4,882
    BAY EQUITY LLC 2 6.25% $6,762
    Plains Commerce Bank 2 6.38% $6,772
    Acre Mortgage and Financial Inc 2 7.63% $13,016
    NATIONWIDE MORTGAGE BANKERS, INC. 2 5.81% $11,088
    First Federal Bank of the Midwest 2 5.94% $7,940
    FIRST COMMUNITY MORTGAGE, INC. 2 7.06% $7,715
    York Traditions Bank 2 5.94% $8,669
    U.S. Bank 2 6.44% $4,726
    AXIA FINANCIAL, LLC 2 5.88% $7,472
    PNC Bank 2 6.69% $5,363
    CONTOUR MORTGAGE CORPORATION 2 6.63% $5,955
    PARAGON HOME LOANS INC. 2 6.81% $3,412
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 2 6.56% $7,966
    ACNB Bank 2 5.81% $7,008
    PREMIER MORTGAGE RESOURCES, L.L.C. 2 7.25% $8,848
    Ixonia Bank 2 6.31% $7,573
    Alcova Mortgage LLC 2 7.19% $4,902
    TOP FLITE FINANCIAL, INC. 1 6.63% $8,216
    ACADEMY MORTGAGE CORPORATION 1 7.25% $9,489
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 7.63% $8,023
    Barrington Bank & Trust Company, N.A. 1 6.75% $4,830
    BAYSHORE MORTGAGE FUNDING, LLC 1 7.13% $12,036
    BNC National Bank 1 5.63% $7,517
    Community Bank 1 6.50% $3,767
    Customers Bank 1 6.38% $5,714
    DAS Acquisition Company, LLC 1 6.63% $8,391
    DHI MORTGAGE COMPANY, LTD. 1 5.75% $6,728
    DIRECT MORTGAGE LOANS, LLC 1 7.62% $11,051
    EVANSVILLE TEACHERS 1 6.00% $5,386
    EVERETT FINANCIAL, INC. 1 7.13% $9,394
    FEDERATED MORTGAGE CORP. 1 7.13% $5,971
    First Heritage Mortgage, LLC 1 6.88% $9,468
    Foote Capital Mortgage Company 1 6.75% $2,781
    FREEDOM MORTGAGE CORPORATION 1 7.13% $6,078
    GUARANTY HOME MORTGAGE CORPORATION 1 6.63% $6,483
    HOMESIDE FINANCIAL, LLC 1 6.88% $6,616
    Huntingdon Valley Bank 1 6.38% $6,541
    LIBERTY HOME MORTGAGE CORPORATION 1 6.75% $3,238
    MCLEAN MORTGAGE CORPORATION 1 6.00% $4,736
    MICHIGAN MUTUAL, INC. 1 6.13% $8,404
    MILLENNIUM FINANCIAL GROUP, INC. 1 6.63% $7,539
    NATIONS RELIABLE LENDING, LLC 1 7.13% $8,021
    Orrstown Bank 1 6.25% $5,866
    Philadelphia Mortgage Advisors, Inc. 1 6.63% $11,060
    Presidential Bank, FSB 1 6.38% $8,963
    PRIMARY RESIDENTIAL MORTGAGE, INC. 1 6.25% $9,846
    RADIUS FINANCIAL GROUP INC. 1 6.38% $8,755
    ROYAL UNITED MORTGAGE LLC 1 7.00% $11,235
    RUOFF MORTGAGE COMPANY, INC. 1 7.25% $1,258
    Shore United Bank 1 5.63% $11,875
    Sierra Pacific Mortgage Company, Inc. 1 5.50% $16,419
    SWBC MORTGAGE CORPORATION 1 7.25% $5,542
    TD Bank 1 6.50% $5,468
    The Ephrata National Bank 1 6.25% $9,357
    THRIVE MORTGAGE, LLC 1 5.63% $10,156
    Truist 1 5.50% $11,509
    Univest Bank and Trust Co. 1 7.13% $9,323
    VAN DYK MORTGAGE CORPORATION 1 6.63% $836
    Waterstone Mortgage Corporation 1 6.38% $5,170

    The top Pennsylvania USDA lender as defined by loan originations is PLAZA HOME MORTGAGE, INC., with 62 USDA loans originated. Their average total fees are $7,124, which is $174 lower than the next largest lender, UNION HOME MORTGAGE CORP..

    The lowest fee Pennsylvania USDA lenders (with over 10 loans originated) are DEVELOPER'S MORTGAGE COMPANY ($4,459), SOMERSET TRUST COMPANY ($4,844), Northwest Bank ($4,874), Sail Mortgage Corp. ($5,417) and Equity Prime Mortgage LLC ($5,426).

    The lowest rate Pennsylvania USDA lenders (with over 10 loans originated) are First National Bank of Pennsylvania (6.13%), UNITED WHOLESALE MORTGAGE, LLC (6.13%), Victorian Finance, LLC (6.13%), Northpointe Bank (6.22%) and Summit Mortgage Corporation (6.26%).