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 6.48% for the week of 2024-06-14, compared to the national average (all USDA variants) of 6.709% for the same period.

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

The average rate for the prior week (2024-06-07) was 6.88% and one month ago for the week of 2024-05-10, the average rate was 6.66%.

The average rate one year ago was 6.42%.

For refis of the same type during the week of 2024-06-14, the average rate was 6.84%.

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%).