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 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
0.09%
for the week of 2024-11-29, 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 (2024-11-22) was
6.59% and
one month ago for the week of 2024-10-25, the
average rate was 6.69%.
The average rate one year ago was 7.09%.
For refis of the same type during the week of 2024-11-29, the average rate
was 0.06%.
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. LouisDate | 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 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. LouisDate | 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 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.