Adrian USDA Loan Rates, Closing Costs & Stats

Adrian, MI

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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.

    Adrian's 12 lenders originated 37 USDA loans during 2023. The total origination value was $5,925,000, with an average USDA loan value of $160,135.

    Adrian USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Adrian averaged 0.39% for the week of 2024-11-15, compared to the national average (all USDA variants) of 0% for the same period.

    Adrian's average USDA mortgage closing costs are $4,382.

    The average rate for the prior week (2024-11-08) was 6.75% and one month ago for the week of 2024-10-11, the average rate was 6.21%.

    The average rate one year ago was 7.73%.

    For refis of the same type during the week of 2024-11-15, the average rate was 0.06%.

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

    Adrian 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 Adrian level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    GVC MORTGAGE, INC. 16 7.04% $5,831
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 6 6.48% $5,287
    BLG HOLDINGS, INC. 2 7.13% $8,357
    Preston Home Loans Inc 2 6.25% $6,608
    UNION HOME MORTGAGE CORP. 2 7.19% $5,999
    First Savings Bank 2 6.75% $5,924
    University Bank 1 6.75% $6,305
    DIAMOND RESIDENTIAL MORTGAGE CORPORATION 1 5.63% $9,523
    Equity Prime Mortgage LLC 1 6.75% $3,877
    HOWARD HANNA FINANCIAL SERVICES, INC. 1 6.13% $4,749
    UNITED WHOLESALE MORTGAGE, LLC 1 5.88% $5,340
    AMERICAN FINANCIAL NETWORK, INC. 1 6.88% $2,608

    The top Adrian USDA lender as defined by loan originations is GVC MORTGAGE, INC., with 16 USDA loans originated. Their average total fees are $5,831, which is $545 higher than the next largest lender, GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION.

    The lowest fee Adrian USDA lenders (with over 10 loans originated) are GVC MORTGAGE, INC. ($5,831), .

    The lowest rate Adrian USDA lenders (with over 10 loans originated) are GVC MORTGAGE, INC. (7.04%), .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Adrian (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
    2018-01-01 $139,900 (-0.1%) $170,754 (-1.0%) 0.00 372
    2018-02-01 $139,900 (-5.1%) $175,234 (-2.2%) 0.00 359
    2018-03-01 $143,000 (-4.6%) $178,549 (-0.6%) 0.00 367
    2018-04-01 $149,900 (-5.8%) $193,973 (4.5%) 0.00 390
    2018-05-01 $153,988 (-3.4%) $198,482 (5.4%) 0.00 435
    2018-06-01 $151,900 (-7.9%) $197,460 (0.3%) 0.00 481
    2018-07-01 $155,425 (-5.7%) $203,081 (4.0%) 0.00 493
    2018-08-01 $154,925 (-1.6%) $203,335 (5.9%) 0.00 498
    2018-09-01 $159,000 (4.6%) $199,093 (4.0%) 0.00 490
    2018-10-01 $159,900 (7.1%) $197,295 (5.7%) 0.00 488
    2018-11-01 $165,000 (15.2%) $199,099 (11.8%) 0.00 457
    2018-12-01 $165,000 (17.9%) $198,363 (14.2%) 0.00 402
    2019-01-01 $165,000 (17.9%) $199,841 (17.0%) 0.00 377
    2019-02-01 $162,400 (16.1%) $198,670 (13.4%) 0.00 364
    2019-03-01 $167,086 (16.8%) $204,631 (14.6%) 0.00 378
    2019-04-01 $169,950 (13.4%) $212,215 (9.4%) 0.00 394
    2019-05-01 $169,950 (10.4%) $218,277 (10.0%) 0.00 415
    2019-06-01 $175,000 (15.2%) $223,898 (13.4%) 0.00 447
    2019-07-01 $177,000 (13.9%) $223,121 (9.9%) 0.00 457
    2019-08-01 $179,900 (16.1%) $423,408 (108.2%) 0.00 476
    2019-09-01 $179,900 (13.1%) $306,089 (53.7%) 0.00 486
    2019-10-01 $179,900 (12.5%) $213,878 (8.4%) 0.00 487
    2019-11-01 $164,900 (-0.1%) $202,111 (1.5%) 0.00 458
    2019-12-01 $159,900 (-3.1%) $196,219 (-1.1%) 0.00 397
    2020-01-01 $166,050 (0.6%) $198,168 (-0.8%) 0.00 280
    2020-02-01 $159,900 (-1.5%) $203,474 (2.4%) 0.00 254
    2020-03-01 $166,150 (-0.6%) $231,405 (13.1%) 0.00 245
    2020-04-01 $179,900 (5.9%) $236,321 (11.4%) 0.00 253
    2020-05-01 $197,000 (15.9%) $246,941 (13.1%) 0.00 263
    2020-06-01 $227,729 (30.1%) $272,083 (21.5%) 0.00 236
    2020-07-01 $209,971 (18.6%) $273,206 (22.5%) 0.00 210
    2020-08-01 $195,000 (8.4%) $266,570 (-37.0%) 0.00 195
    2020-09-01 $196,450 (9.2%) $256,497 (-16.2%) 0.00 196
    2020-10-01 $199,900 (11.1%) $255,505 (19.5%) 0.00 184
    2020-11-01 $189,675 (15.0%) $244,123 (20.8%) 0.00 180
    2020-12-01 $179,913 (12.5%) $241,415 (23.0%) 0.00 140
    2021-01-01 $169,900 (2.3%) $227,902 (15.0%) 0.00 127
    2021-02-01 $179,888 (12.5%) $247,143 (21.5%) 0.00 131
    2021-03-01 $191,900 (15.5%) $283,901 (22.7%) 0.00 115
    2021-04-01 $203,669 (13.2%) $293,287 (24.1%) 0.00 104
    2021-05-01 $199,900 (1.5%) $307,640 (24.6%) 0.00 122
    2021-06-01 $218,650 (-4.0%) $305,851 (12.4%) 0.00 148
    2021-07-01 $233,000 (11.0%) $306,744 (12.3%) 0.00 173
    2021-08-01 $216,200 (10.9%) $294,736 (10.6%) 0.00 179
    2021-09-01 $225,950 (15.0%) $285,678 (11.4%) 0.00 184
    2021-10-01 $214,900 (7.5%) $270,304 (5.8%) 0.00 172
    2021-11-01 $217,200 (14.5%) $260,681 (6.8%) 0.00 170
    2021-12-01 $202,400 (12.5%) $266,407 (10.4%) 0.00 142
    2022-01-01 $197,450 (16.2%) $272,439 (19.5%) 0.00 96
    2022-02-01 $249,925 (38.9%) $299,951 (21.4%) 0.00 83
    2022-03-01 $276,200 (43.9%) $319,767 (12.6%) 0.00 86
    2022-04-01 $260,000 (27.7%) $307,421 (4.8%) 0.00 104
    2022-05-01 $264,950 (32.5%) $307,770 (0.0%) 0.00 127
    2022-06-01 $248,725 (13.8%) $309,922 (1.3%) 0.00 147
    2022-07-01 $249,900 (7.3%) $313,213 (2.1%) 0.00 196
    2022-08-01 $241,175 (11.6%) $315,466 (7.0%) 0.00 202
    2022-09-01 $240,700 (6.5%) $306,444 (7.3%) 0.00 199
    2022-10-01 $265,000 (23.3%) $319,526 (18.2%) 0.00 187
    2022-11-01 $244,875 (12.7%) $291,446 (11.8%) 0.00 197
    2022-12-01 $265,000 (30.9%) $292,666 (9.9%) 0.00 155
    2023-01-01 $269,900 (36.7%) $297,964 (9.4%) 0.00 139
    2023-02-01 $272,325 (9.0%) $305,449 (1.8%) 0.00 136
    2023-03-01 $298,125 (7.9%) $306,917 (-4.0%) 0.00 118
    2023-04-01 $289,000 (11.2%) $313,511 (2.0%) 0.00 126
    2023-05-01 $299,700 (13.1%) $344,355 (11.9%) 0.00 125
    2023-06-01 $299,750 (20.5%) $343,115 (10.7%) 0.00 142
    2023-07-01 $290,000 (16.1%) $323,421 (3.3%) 0.00 147
    2023-08-01 $275,000 (14.0%) $312,339 (-1.0%) 0.00 150
    2023-09-01 $284,900 (18.4%) $311,645 (1.7%) 0.00 171
    2023-10-01 $298,350 (12.6%) $326,137 (2.1%) 0.00 198
    2023-11-01 $303,950 (24.1%) $325,063 (11.5%) 0.00 202
    2023-12-01 $294,900 (11.3%) $313,078 (7.0%) 0.00 167
    2024-01-01 $277,950 (3.0%) $301,171 (1.1%) 0.00 151
    2024-02-01 $268,725 (-1.3%) $296,804 (-2.8%) 0.00 153
    2024-03-01 $289,900 (-2.8%) $321,645 (4.8%) 0.00 164
    2024-04-01 $299,950 (3.8%) $340,852 (8.7%) 0.00 150
    2024-05-01 $301,175 (0.5%) $357,722 (3.9%) 0.00 166
    2024-06-01 $299,900 (0.1%) $354,739 (3.4%) 0.00 173
    2024-07-01 $287,375 (-0.9%) $346,416 (7.1%) 0.00 195
    2024-08-01 $285,000 (3.6%) $330,911 (6.0%) 0.00 217
    2024-09-01 $279,900 (-1.8%) $343,365 (10.2%) 0.00 229
    2024-10-01 $284,750 (-4.6%) $349,772 (7.3%) 0.00 220
    Adrian's median listing price for 2024-10-01 was $284,750, a difference of $-13,600 (-4.6%) versus the prior year and $4,850 versus the prior month.

    Adrian's median listing price comes in at 0% of the national average.

    Adrian's average listing price for 2024-10-01 was $349,772, a difference of $23,635 (7.3%) versus the prior year and $6,407 versus the prior month.

    For the 2024-10-01 period, Adrian had 220 MLS listings, a difference of -9 listings (-4%) versus the prior month and 22 listings (11%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Adrian (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,553 sqft
    2018-02-01 0 days 1,560 sqft
    2018-03-01 0 days 1,561 sqft
    2018-04-01 0 days 1,590 sqft
    2018-05-01 0 days 1,583 sqft
    2018-06-01 0 days 1,573 sqft
    2018-07-01 0 days 1,579 sqft
    2018-08-01 0 days 1,609 sqft
    2018-09-01 0 days 1,604 sqft
    2018-10-01 0 days 1,578 sqft
    2018-11-01 0 days 1,623 sqft
    2018-12-01 0 days 1,568 sqft
    2019-01-01 0 days 1,536 sqft
    2019-02-01 0 days 1,536 sqft
    2019-03-01 0 days 1,557 sqft
    2019-04-01 0 days 1,590 sqft
    2019-05-01 0 days 1,604 sqft
    2019-06-01 0 days 1,618 sqft
    2019-07-01 0 days 1,612 sqft
    2019-08-01 0 days 1,623 sqft
    2019-09-01 0 days 1,633 sqft
    2019-10-01 0 days 1,640 sqft
    2019-11-01 0 days 1,576 sqft
    2019-12-01 0 days 1,545 sqft
    2020-01-01 0 days 1,652 sqft
    2020-02-01 0 days 1,692 sqft
    2020-03-01 0 days 1,679 sqft
    2020-04-01 0 days 1,692 sqft
    2020-05-01 0 days 1,716 sqft
    2020-06-01 0 days 1,767 sqft
    2020-07-01 0 days 1,722 sqft
    2020-08-01 0 days 1,701 sqft
    2020-09-01 0 days 1,640 sqft
    2020-10-01 0 days 1,708 sqft
    2020-11-01 0 days 1,655 sqft
    2020-12-01 0 days 1,591 sqft
    2021-01-01 0 days 1,500 sqft
    2021-02-01 0 days 1,500 sqft
    2021-03-01 0 days 1,500 sqft
    2021-04-01 0 days 1,643 sqft
    2021-05-01 0 days 1,769 sqft
    2021-06-01 0 days 1,716 sqft
    2021-07-01 0 days 1,703 sqft
    2021-08-01 0 days 1,701 sqft
    2021-09-01 0 days 1,727 sqft
    2021-10-01 0 days 1,719 sqft
    2021-11-01 0 days 1,623 sqft
    2021-12-01 0 days 1,611 sqft
    2022-01-01 0 days 1,605 sqft
    2022-02-01 0 days 1,700 sqft
    2022-03-01 0 days 1,732 sqft
    2022-04-01 0 days 1,680 sqft
    2022-05-01 0 days 1,781 sqft
    2022-06-01 0 days 1,749 sqft
    2022-07-01 0 days 1,700 sqft
    2022-08-01 0 days 1,720 sqft
    2022-09-01 0 days 1,764 sqft
    2022-10-01 0 days 1,761 sqft
    2022-11-01 0 days 1,704 sqft
    2022-12-01 0 days 1,720 sqft
    2023-01-01 0 days 1,729 sqft
    2023-02-01 0 days 1,759 sqft
    2023-03-01 0 days 1,715 sqft
    2023-04-01 0 days 1,712 sqft
    2023-05-01 0 days 1,738 sqft
    2023-06-01 0 days 1,788 sqft
    2023-07-01 0 days 1,736 sqft
    2023-08-01 0 days 1,717 sqft
    2023-09-01 0 days 1,672 sqft
    2023-10-01 0 days 1,753 sqft
    2023-11-01 0 days 1,782 sqft
    2023-12-01 0 days 1,755 sqft
    2024-01-01 0 days 1,690 sqft
    2024-02-01 0 days 1,674 sqft
    2024-03-01 0 days 1,770 sqft
    2024-04-01 0 days 1,848 sqft
    2024-05-01 0 days 1,839 sqft
    2024-06-01 0 days 1,886 sqft
    2024-07-01 0 days 1,800 sqft
    2024-08-01 0 days 1,822 sqft
    2024-09-01 0 days 1,835 sqft
    2024-10-01 0 days 1,835 sqft
    Adrian's median listing age (time on market) for 2024-10-01 was 0 days.

    Adrian's median square footage for active listings during the 2024-10-01 period was 1,835 sqft. One year prior, the average listing was 1,753 sqft.