Ann Arbor USDA Loan Rates, Closing Costs & Stats
ANN ARBOR, 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.
Ann Arbor's 6 lenders originated 11 USDA loans during 2023. The total origination value was $2,945,000, with an average USDA loan value of $267,727.
Ann Arbor USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Ann Arbor
averaged
6.48%
for the week of 2025-02-14, compared to the national average (all USDA variants) of
6.526% for the same period.
Ann Arbor's average USDA mortgage closing costs are $6,015.
The average rate for the prior week (2025-02-07) was
6.54% and
one month ago for the week of 2025-01-10, the
average rate was 6.59%.
The average rate one year ago was 6.38%.
For refis of the same type during the week of 2025-02-14, the average rate
was 6.49%.
Ann Arbor 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 Ann Arbor level.
| Name | # of Loans | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
|---|---|---|---|
| GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION | 3 | 5.71% | $10,699 |
| MORTGAGE 1 INCORPORATED | 3 | 5.79% | $8,882 |
| CROSSCOUNTRY MORTGAGE, LLC | 1 | 7.25% | $7,331 |
| Equity Prime Mortgage LLC | 1 | 6.13% | $9,728 |
| PLAZA HOME MORTGAGE, INC. | 1 | 6.25% | $13,574 |
| UNITED WHOLESALE MORTGAGE, LLC | 1 | 5.63% | $10,510 |
The top Ann Arbor USDA lender as defined by loan originations is GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION, with
3 USDA loans originated. Their average total fees are
$10,699, which is $1,817
higher than the next largest lender,
MORTGAGE 1 INCORPORATED.
The lowest fee Ann Arbor USDA lenders (with over 10 loans originated) are
.
The lowest rate Ann Arbor USDA lenders (with over 10 loans originated) are
.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Ann Arbor (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 | $389,500 (17.6%) | $504,774 (12.9%) | 1.44 | 551 |
| 2018-02-01 | $391,125 (13.6%) | $512,234 (1.6%) | 1.42 | 543 |
| 2018-03-01 | $390,000 (3.8%) | $503,965 (-3.0%) | 1.37 | 582 |
| 2018-04-01 | $394,950 (1.3%) | $488,766 (-7.6%) | 1.34 | 666 |
| 2018-05-01 | $406,450 (3.2%) | $493,815 (-6.8%) | 1.36 | 800 |
| 2018-06-01 | $408,500 (5.0%) | $495,888 (-3.1%) | 1.36 | 885 |
| 2018-07-01 | $409,500 (7.8%) | $486,820 (0.7%) | 1.37 | 981 |
| 2018-08-01 | $393,950 (6.5%) | $459,729 (-3.7%) | 1.32 | 1,065 |
| 2018-09-01 | $390,000 (5.6%) | $462,854 (-2.7%) | 1.31 | 1,066 |
| 2018-10-01 | $393,625 (6.1%) | $463,979 (-6.0%) | 1.34 | 1,040 |
| 2018-11-01 | $396,500 (-0.6%) | $461,290 (-8.4%) | 1.34 | 965 |
| 2018-12-01 | $399,000 (-0.2%) | $457,678 (-8.4%) | 1.38 | 837 |
| 2019-01-01 | $399,900 (2.7%) | $461,700 (-8.5%) | 1.38 | 743 |
| 2019-02-01 | $399,950 (2.3%) | $468,019 (-8.6%) | 1.35 | 741 |
| 2019-03-01 | $404,246 (3.7%) | $477,400 (-5.3%) | 1.32 | 850 |
| 2019-04-01 | $407,481 (3.2%) | $486,408 (-0.5%) | 1.29 | 963 |
| 2019-05-01 | $417,250 (2.7%) | $492,013 (-0.4%) | 1.30 | 1,071 |
| 2019-06-01 | $418,000 (2.3%) | $502,446 (1.3%) | 1.30 | 1,117 |
| 2019-07-01 | $408,453 (-0.3%) | $486,504 (-0.1%) | 1.28 | 1,166 |
| 2019-08-01 | $394,445 (0.1%) | $471,414 (2.5%) | 1.25 | 1,200 |
| 2019-09-01 | $386,264 (-1.0%) | $460,886 (-0.4%) | 1.24 | 1,196 |
| 2019-10-01 | $379,450 (-3.6%) | $450,993 (-2.8%) | 1.22 | 1,192 |
| 2019-11-01 | $373,900 (-5.7%) | $439,462 (-4.7%) | 1.23 | 1,096 |
| 2019-12-01 | $368,750 (-7.6%) | $434,260 (-5.1%) | 1.23 | 937 |
| 2020-01-01 | $368,528 (-7.9%) | $432,704 (-6.3%) | 1.23 | 811 |
| 2020-02-01 | $388,495 (-2.9%) | $452,148 (-3.4%) | 1.27 | 792 |
| 2020-03-01 | $398,950 (-1.3%) | $467,537 (-2.1%) | 1.25 | 860 |
| 2020-04-01 | $399,000 (-2.1%) | $460,991 (-5.2%) | 1.25 | 890 |
| 2020-05-01 | $398,000 (-4.6%) | $457,143 (-7.1%) | 1.21 | 1,063 |
| 2020-06-01 | $398,920 (-4.6%) | $463,812 (-7.7%) | 1.18 | 1,080 |
| 2020-07-01 | $399,450 (-2.2%) | $471,699 (-3.0%) | 1.16 | 1,033 |
| 2020-08-01 | $398,900 (1.1%) | $473,257 (0.4%) | 1.14 | 1,009 |
| 2020-09-01 | $399,950 (3.5%) | $482,726 (4.7%) | 1.15 | 959 |
| 2020-10-01 | $409,998 (8.1%) | $494,034 (9.5%) | 1.17 | 892 |
| 2020-11-01 | $418,250 (11.9%) | $491,874 (11.9%) | 1.22 | 791 |
| 2020-12-01 | $416,455 (12.9%) | $491,595 (13.2%) | 1.24 | 698 |
| 2021-01-01 | $429,900 (16.7%) | $510,994 (18.1%) | 1.28 | 563 |
| 2021-02-01 | $443,241 (14.1%) | $537,303 (18.8%) | 1.29 | 488 |
| 2021-03-01 | $449,600 (12.7%) | $541,471 (15.8%) | 1.28 | 456 |
| 2021-04-01 | $449,300 (12.6%) | $559,009 (21.3%) | 1.22 | 454 |
| 2021-05-01 | $439,000 (10.3%) | $559,444 (22.4%) | 1.17 | 505 |
| 2021-06-01 | $424,850 (6.5%) | $549,654 (18.5%) | 1.12 | 598 |
| 2021-07-01 | $422,000 (5.7%) | $550,094 (16.6%) | 1.11 | 665 |
| 2021-08-01 | $399,950 (0.3%) | $531,540 (12.3%) | 1.07 | 692 |
| 2021-09-01 | $412,475 (3.1%) | $543,570 (12.6%) | 1.10 | 613 |
| 2021-10-01 | $415,000 (1.2%) | $553,831 (12.1%) | 1.11 | 560 |
| 2021-11-01 | $399,100 (-4.6%) | $554,373 (12.7%) | 1.07 | 489 |
| 2021-12-01 | $407,745 (-2.1%) | $563,225 (14.6%) | 1.10 | 411 |
| 2022-01-01 | $428,695 (-0.3%) | $576,600 (12.8%) | 1.16 | 329 |
| 2022-02-01 | $444,500 (0.3%) | $598,012 (11.3%) | 1.16 | 293 |
| 2022-03-01 | $414,250 (-7.9%) | $578,053 (6.8%) | 1.04 | 308 |
| 2022-04-01 | $429,900 (-4.3%) | $585,294 (4.7%) | 1.02 | 358 |
| 2022-05-01 | $450,383 (2.6%) | $591,117 (5.7%) | 1.03 | 398 |
| 2022-06-01 | $449,938 (5.9%) | $564,667 (2.7%) | 1.00 | 479 |
| 2022-07-01 | $453,390 (7.4%) | $568,611 (3.4%) | 1.02 | 583 |
| 2022-08-01 | $449,944 (12.5%) | $547,140 (2.9%) | 1.04 | 621 |
| 2022-09-01 | $449,830 (9.1%) | $547,848 (0.8%) | 1.05 | 619 |
| 2022-10-01 | $449,000 (8.2%) | $552,613 (-0.2%) | 1.06 | 624 |
| 2022-11-01 | $436,725 (9.4%) | $544,276 (-1.8%) | 1.05 | 589 |
| 2022-12-01 | $420,000 (3.0%) | $543,487 (-3.5%) | 1.04 | 465 |
| 2023-01-01 | $430,000 (0.3%) | $566,369 (-1.8%) | 1.07 | 416 |
| 2023-02-01 | $449,495 (1.1%) | $597,447 (-0.1%) | 1.08 | 368 |
| 2023-03-01 | $468,750 (13.2%) | $631,888 (9.3%) | 1.11 | 374 |
| 2023-04-01 | $475,000 (10.5%) | $646,643 (10.5%) | 1.10 | 394 |
| 2023-05-01 | $495,450 (10.0%) | $644,195 (9.0%) | 1.12 | 393 |
| 2023-06-01 | $511,070 (13.6%) | $661,149 (17.1%) | 1.15 | 417 |
| 2023-07-01 | $529,900 (16.9%) | $677,324 (19.1%) | 1.20 | 440 |
| 2023-08-01 | $499,589 (11.0%) | $650,040 (18.8%) | 1.15 | 443 |
| 2023-09-01 | $498,845 (10.9%) | $653,735 (19.3%) | 1.15 | 453 |
| 2023-10-01 | $484,120 (7.8%) | $642,515 (16.3%) | 1.13 | 465 |
| 2023-11-01 | $489,118 (12.0%) | $646,613 (18.8%) | 1.16 | 553 |
| 2023-12-01 | $495,790 (18.1%) | $668,473 (23.0%) | 1.21 | 388 |
| 2024-01-01 | $505,895 (17.7%) | $664,712 (17.4%) | 1.23 | 344 |
| 2024-02-01 | $516,455 (14.9%) | $688,294 (15.2%) | 1.24 | 327 |
| 2024-03-01 | $525,000 (12.0%) | $669,032 (5.9%) | 1.24 | 362 |
| 2024-04-01 | $550,293 (15.9%) | $690,983 (6.9%) | 1.28 | 389 |
| 2024-05-01 | $549,500 (10.9%) | $691,978 (7.4%) | 1.25 | 451 |
| 2024-06-01 | $525,000 (2.7%) | $668,194 (1.1%) | 1.21 | 509 |
| 2024-07-01 | $526,500 (-0.6%) | $650,321 (-4.0%) | 1.20 | 513 |
| 2024-08-01 | $513,790 (2.8%) | $652,481 (0.4%) | 1.19 | 566 |
| 2024-09-01 | $509,450 (2.1%) | $643,567 (-1.6%) | 1.20 | 598 |
| 2024-10-01 | $472,473 (-2.4%) | $618,667 (-3.7%) | 1.11 | 582 |
| 2024-11-01 | $469,900 (-3.9%) | $615,044 (-4.9%) | 1.13 | 539 |
| 2024-12-01 | $454,500 (-8.3%) | $593,572 (-11.2%) | 1.13 | 438 |
| 2025-01-01 | $459,495 (-9.2%) | $627,370 (-5.6%) | 0.00 | 402 |
Ann Arbor's median listing price comes in at 0% of the national average.
Ann Arbor's average listing price for 2025-01-01 was $627,370, a difference of $-37,342 (-5.6%) versus the prior year and $33,798 versus the prior month.
For the 2025-01-01 period, Ann Arbor had 402 MLS listings, a difference of -36 listings (-8%) versus the prior month and 58 listings (17%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Ann Arbor (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 82 days | 2,091 sqft |
| 2018-02-01 | 70 days | 2,136 sqft |
| 2018-03-01 | 44 days | 2,043 sqft |
| 2018-04-01 | 35 days | 2,058 sqft |
| 2018-05-01 | 32 days | 2,069 sqft |
| 2018-06-01 | 38 days | 2,082 sqft |
| 2018-07-01 | 41 days | 2,053 sqft |
| 2018-08-01 | 42 days | 1,974 sqft |
| 2018-09-01 | 52 days | 1,996 sqft |
| 2018-10-01 | 57 days | 2,004 sqft |
| 2018-11-01 | 59 days | 1,999 sqft |
| 2018-12-01 | 71 days | 1,962 sqft |
| 2019-01-01 | 86 days | 1,962 sqft |
| 2019-02-01 | 80 days | 1,984 sqft |
| 2019-03-01 | 56 days | 2,032 sqft |
| 2019-04-01 | 38 days | 2,085 sqft |
| 2019-05-01 | 43 days | 2,086 sqft |
| 2019-06-01 | 44 days | 2,100 sqft |
| 2019-07-01 | 49 days | 2,085 sqft |
| 2019-08-01 | 53 days | 2,062 sqft |
| 2019-09-01 | 59 days | 2,044 sqft |
| 2019-10-01 | 63 days | 2,034 sqft |
| 2019-11-01 | 68 days | 2,004 sqft |
| 2019-12-01 | 89 days | 2,022 sqft |
| 2020-01-01 | 96 days | 1,999 sqft |
| 2020-02-01 | 80 days | 2,064 sqft |
| 2020-03-01 | 40 days | 2,100 sqft |
| 2020-04-01 | 54 days | 2,064 sqft |
| 2020-05-01 | 59 days | 2,047 sqft |
| 2020-06-01 | 41 days | 2,034 sqft |
| 2020-07-01 | 49 days | 2,042 sqft |
| 2020-08-01 | 51 days | 2,028 sqft |
| 2020-09-01 | 52 days | 2,029 sqft |
| 2020-10-01 | 52 days | 2,056 sqft |
| 2020-11-01 | 57 days | 1,994 sqft |
| 2020-12-01 | 73 days | 1,999 sqft |
| 2021-01-01 | 85 days | 2,036 sqft |
| 2021-02-01 | 72 days | 2,048 sqft |
| 2021-03-01 | 41 days | 1,997 sqft |
| 2021-04-01 | 28 days | 1,978 sqft |
| 2021-05-01 | 30 days | 1,946 sqft |
| 2021-06-01 | 30 days | 1,964 sqft |
| 2021-07-01 | 37 days | 1,912 sqft |
| 2021-08-01 | 38 days | 1,846 sqft |
| 2021-09-01 | 51 days | 1,883 sqft |
| 2021-10-01 | 64 days | 1,885 sqft |
| 2021-11-01 | 66 days | 1,890 sqft |
| 2021-12-01 | 77 days | 1,872 sqft |
| 2022-01-01 | 84 days | 1,854 sqft |
| 2022-02-01 | 61 days | 1,817 sqft |
| 2022-03-01 | 30 days | 1,702 sqft |
| 2022-04-01 | 27 days | 1,787 sqft |
| 2022-05-01 | 26 days | 1,854 sqft |
| 2022-06-01 | 24 days | 1,908 sqft |
| 2022-07-01 | 29 days | 1,955 sqft |
| 2022-08-01 | 37 days | 1,898 sqft |
| 2022-09-01 | 42 days | 1,914 sqft |
| 2022-10-01 | 44 days | 1,952 sqft |
| 2022-11-01 | 51 days | 1,912 sqft |
| 2022-12-01 | 68 days | 1,852 sqft |
| 2023-01-01 | 67 days | 1,853 sqft |
| 2023-02-01 | 50 days | 1,908 sqft |
| 2023-03-01 | 38 days | 1,940 sqft |
| 2023-04-01 | 33 days | 1,918 sqft |
| 2023-05-01 | 33 days | 1,929 sqft |
| 2023-06-01 | 32 days | 2,012 sqft |
| 2023-07-01 | 36 days | 2,063 sqft |
| 2023-08-01 | 35 days | 2,046 sqft |
| 2023-09-01 | 39 days | 1,983 sqft |
| 2023-10-01 | 38 days | 1,990 sqft |
| 2023-11-01 | 51 days | 2,034 sqft |
| 2023-12-01 | 59 days | 2,055 sqft |
| 2024-01-01 | 71 days | 2,112 sqft |
| 2024-02-01 | 54 days | 2,103 sqft |
| 2024-03-01 | 35 days | 2,114 sqft |
| 2024-04-01 | 35 days | 2,199 sqft |
| 2024-05-01 | 24 days | 2,247 sqft |
| 2024-06-01 | 33 days | 2,164 sqft |
| 2024-07-01 | 37 days | 2,134 sqft |
| 2024-08-01 | 39 days | 2,082 sqft |
| 2024-09-01 | 41 days | 2,068 sqft |
| 2024-10-01 | 42 days | 2,010 sqft |
| 2024-11-01 | 47 days | 1,989 sqft |
| 2024-12-01 | 61 days | 1,932 sqft |
| 2025-01-01 | 0 days | 1,970 sqft |
Ann Arbor's median square footage for active listings during the 2025-01-01 period was 1,970 sqft. One year prior, the average listing was 2,112 sqft.