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 6.18% for the week of 2023-05-26, compared to the national average (all USDA variants) of 6.63% for the same period.

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

    The average rate for the prior week (2023-05-19) was 6.32% and one month ago for the week of 2023-04-21, the average rate was 6.23%.

    The average rate one year ago was 4.75%.

    For refis of the same type during the week of 2023-05-26, the average rate was 5.16%.

    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 Bank, Inc. 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%).