Adrian USDA Loan Rates, Closing Costs & Stats

Adrian, MI

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 18 lenders originated 69 USDA loans during 2022. The total origination value was $11,125,000, with an average USDA loan value of $161,232.

Adrian USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Adrian averaged -0.35% for the week of 2024-02-23, compared to the national average (all USDA variants) of 0% for the same period.

Adrian's average USDA mortgage closing costs are $4,303.

The average rate for the prior week (2024-02-16) was 6.43% and one month ago for the week of 2024-01-19, the average rate was 6.51%.

The average rate one year ago was 6.32%.

For refis of the same type during the week of 2024-02-23, the average rate was -1.3%.

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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
GVC MORTGAGE, INC. 30 5.38% $5,633
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 5 5.17% $5,681
AMERIFIRST FINANCIAL CORPORATION 5 5.10% $7,014
UNION HOME MORTGAGE CORP. 4 5.09% $6,717
RUOFF MORTGAGE COMPANY, INC. 4 5.03% $1,417
PENNYMAC LOAN SERVICES, LLC 3 3.08% $5,281
MORTGAGE 1 INCORPORATED 3 5.00% $8,922
UNIVERSITY LENDING GROUP, LLC 2 5.31% $6,685
CALIBER HOME LOANS, INC. 2 4.69% $7,920
PLAZA HOME MORTGAGE, INC. 2 5.44% $6,724
Old National Bank 1 3.50% $3,593
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 5.63% $2,190
ACADEMY MORTGAGE CORPORATION 1 4.00% $7,378
PNC Bank 1 3.88% $2,946
EVERETT FINANCIAL, INC. 1 5.63% $3,985
STAUNTON FINANCIAL, INC. 1 5.50% $9,243
CROSSCOUNTRY MORTGAGE, LLC 1 3.25% $10,253
HOME POINT FINANCIAL CORPORATION 1 3.63% $3,806

The top Adrian USDA lender as defined by loan originations is GVC MORTGAGE, INC., with 30 USDA loans originated. Their average total fees are $5,633, which is $48 lower 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. ($5,633), .

The lowest rate Adrian USDA lenders (with over 10 loans originated) are GVC MORTGAGE, INC. (5.38%), .


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
Adrian's median listing price for 2023-12-01 was $294,900, a difference of $29,900 (11.3%) versus the prior year and $-9,050 versus the prior month.

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

Adrian's average listing price for 2023-12-01 was $313,078, a difference of $20,412 (7.0%) versus the prior year and $-11,985 versus the prior month.

For the 2023-12-01 period, Adrian had 167 MLS listings, a difference of -35 listings (-17%) versus the prior month and 12 listings (8%) 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 1,714 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
Adrian's median listing age (time on market) for 2023-12-01 was 0 days.

Adrian's median square footage for active listings during the 2023-12-01 period was 1,755 sqft. One year prior, the average listing was 1,720 sqft.