Ashtabula USDA Loan Rates, Closing Costs & Stats

Ashtabula, OH

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.

Ashtabula's 10 lenders originated 33 USDA loans during 2023. The total origination value was $4,605,000, with an average USDA loan value of $139,545.

Ashtabula USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Ashtabula averaged 6.92% for the week of 2024-06-07, compared to the national average (all USDA variants) of 6.699% for the same period.

Ashtabula's average USDA mortgage closing costs are $4,691.

The average rate for the prior week (2024-05-31) was 6.9% and one month ago for the week of 2024-05-03, the average rate was 6.99%.

The average rate one year ago was 7.09%.

For refis of the same type during the week of 2024-06-07, the average rate was 7.63%.

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

Ashtabula 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 Ashtabula level.

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
CROSSCOUNTRY MORTGAGE, LLC 14 7.14% $6,808
UNION HOME MORTGAGE CORP. 6 6.83% $7,300
LIBERTY HOME MORTGAGE CORPORATION 2 7.25% $6,439
Northwest Bank 2 6.25% $7,021
Ixonia Bank 2 7.69% $6,915
PRIMELENDING, A PLAINSCAPITAL COMPANY 2 7.00% $5,155
RUOFF MORTGAGE COMPANY, INC. 2 6.25% $2,346
Fifth Third Bank 1 5.88% $5,898
ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 6.88% $5,269
Plains Commerce Bank 1 7.63% $6,173

The top Ashtabula USDA lender as defined by loan originations is CROSSCOUNTRY MORTGAGE, LLC, with 14 USDA loans originated. Their average total fees are $6,808, which is $492 lower than the next largest lender, UNION HOME MORTGAGE CORP..

The lowest fee Ashtabula USDA lenders (with over 10 loans originated) are CROSSCOUNTRY MORTGAGE, LLC ($6,808), .

The lowest rate Ashtabula USDA lenders (with over 10 loans originated) are CROSSCOUNTRY MORTGAGE, LLC (7.14%), .


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Ashtabula (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 $102,250 (4.7%) $142,381 (9.6%) 0.00 361
2018-02-01 $107,000 (12.0%) $143,643 (11.2%) 0.00 339
2018-03-01 $104,950 (10.5%) $143,838 (10.4%) 0.00 337
2018-04-01 $109,925 (10.5%) $147,595 (10.4%) 0.00 348
2018-05-01 $113,300 (7.9%) $152,012 (10.1%) 0.00 360
2018-06-01 $116,950 (8.6%) $160,504 (15.1%) 0.00 400
2018-07-01 $121,961 (13.0%) $165,940 (16.5%) 0.00 425
2018-08-01 $119,900 (8.1%) $160,581 (11.4%) 0.00 426
2018-09-01 $119,957 (7.1%) $157,130 (8.3%) 0.00 419
2018-10-01 $119,900 (8.0%) $152,993 (2.9%) 0.00 409
2018-11-01 $122,450 (14.0%) $153,913 (3.7%) 0.00 373
2018-12-01 $119,900 (11.5%) $149,424 (1.7%) 0.00 356
2019-01-01 $119,400 (16.8%) $145,685 (2.3%) 0.00 339
2019-02-01 $121,900 (13.9%) $156,289 (8.8%) 0.00 316
2019-03-01 $126,471 (20.5%) $160,115 (11.3%) 0.00 308
2019-04-01 $132,400 (20.5%) $164,561 (11.5%) 0.00 307
2019-05-01 $144,900 (27.9%) $171,865 (13.1%) 0.00 314
2019-06-01 $139,927 (19.7%) $174,471 (8.7%) 0.00 335
2019-07-01 $138,832 (13.8%) $170,710 (2.9%) 0.00 372
2019-08-01 $141,064 (17.7%) $170,716 (6.3%) 0.00 358
2019-09-01 $146,034 (21.7%) $172,152 (9.6%) 0.00 347
2019-10-01 $149,348 (24.6%) $173,271 (13.3%) 0.00 336
2019-11-01 $139,450 (13.9%) $164,905 (7.1%) 0.00 332
2019-12-01 $137,900 (15.0%) $160,145 (7.2%) 0.00 316
2020-01-01 $135,225 (13.3%) $161,570 (10.9%) 0.00 310
2020-02-01 $134,800 (10.6%) $163,434 (4.6%) 0.00 286
2020-03-01 $139,900 (10.6%) $168,246 (5.1%) 0.00 278
2020-04-01 $142,425 (7.6%) $175,191 (6.5%) 0.00 259
2020-05-01 $145,000 (0.1%) $184,900 (7.6%) 0.00 237
2020-06-01 $149,574 (6.9%) $196,187 (12.5%) 0.00 245
2020-07-01 $154,950 (11.6%) $203,165 (19.0%) 0.00 209
2020-08-01 $149,900 (6.3%) $195,823 (14.7%) 0.00 199
2020-09-01 $139,900 (-4.2%) $184,293 (7.1%) 0.00 201
2020-10-01 $139,900 (-6.3%) $183,773 (6.1%) 0.00 197
2020-11-01 $136,950 (-1.8%) $168,481 (2.2%) 0.00 192
2020-12-01 $136,325 (-1.1%) $165,824 (3.6%) 0.00 158
2021-01-01 $140,000 (3.5%) $183,800 (13.8%) 0.00 144
2021-02-01 $143,400 (6.4%) $197,711 (21.0%) 0.00 108
2021-03-01 $150,669 (7.7%) $202,360 (20.3%) 0.00 102
2021-04-01 $151,300 (6.2%) $213,694 (22.0%) 0.00 95
2021-05-01 $155,000 (6.9%) $217,872 (17.8%) 0.00 96
2021-06-01 $158,681 (6.1%) $233,730 (19.1%) 0.00 132
2021-07-01 $165,000 (6.5%) $259,991 (28.0%) 0.00 132
2021-08-01 $159,825 (6.6%) $247,812 (26.6%) 0.00 146
2021-09-01 $159,425 (14.0%) $237,789 (29.0%) 0.00 158
2021-10-01 $155,000 (10.8%) $219,088 (19.2%) 0.00 166
2021-11-01 $147,800 (7.9%) $193,743 (15.0%) 0.00 165
2021-12-01 $143,625 (5.4%) $195,412 (17.8%) 0.00 142
2022-01-01 $144,950 (3.5%) $187,213 (1.9%) 0.00 124
2022-02-01 $132,469 (-7.6%) $176,698 (-10.6%) 0.00 109
2022-03-01 $139,250 (-7.6%) $182,987 (-9.6%) 0.00 99
2022-04-01 $160,950 (6.4%) $200,473 (-6.2%) 0.00 104
2022-05-01 $169,850 (9.6%) $228,824 (5.0%) 0.00 109
2022-06-01 $162,425 (2.4%) $211,310 (-9.6%) 0.00 154
2022-07-01 $169,900 (3.0%) $229,265 (-11.8%) 0.00 180
2022-08-01 $159,225 (-0.4%) $215,229 (-13.2%) 0.00 198
2022-09-01 $164,950 (3.5%) $223,822 (-5.9%) 0.00 208
2022-10-01 $178,500 (15.2%) $229,986 (5.0%) 0.00 199
2022-11-01 $183,800 (24.4%) $272,843 (40.8%) 0.00 176
2022-12-01 $178,750 (24.5%) $270,999 (38.7%) 0.00 149
2023-01-01 $172,450 (19.0%) $272,687 (45.7%) 0.00 135
2023-02-01 $184,175 (39.0%) $291,603 (65.0%) 0.00 115
2023-03-01 $182,400 (31.0%) $294,874 (61.2%) 0.00 108
2023-04-01 $194,950 (21.1%) $302,234 (50.8%) 0.00 108
2023-05-01 $188,200 (10.8%) $274,123 (19.8%) 0.00 120
2023-06-01 $192,250 (18.4%) $290,177 (37.3%) 0.00 129
2023-07-01 $192,250 (13.2%) $284,665 (24.2%) 0.00 127
2023-08-01 $199,000 (25.0%) $284,657 (32.3%) 0.00 149
2023-09-01 $222,450 (34.9%) $261,173 (16.7%) 0.00 174
2023-10-01 $199,900 (12.0%) $261,959 (13.9%) 0.00 178
2023-11-01 $199,900 (8.8%) $252,431 (-7.5%) 0.00 172
2023-12-01 $189,900 (6.2%) $250,501 (-7.6%) 0.00 155
2024-01-01 $191,244 (10.9%) $253,489 (-7.0%) 0.00 139
2024-02-01 $197,475 (7.2%) $253,537 (-13.1%) 0.00 118
2024-03-01 $189,900 (4.1%) $265,891 (-9.8%) 0.00 120
2024-04-01 $212,439 (9.0%) $282,404 (-6.6%) 0.00 111
2024-05-01 $246,000 (30.7%) $331,547 (21.0%) 0.00 126
Ashtabula's median listing price for 2024-05-01 was $246,000, a difference of $57,800 (30.7%) versus the prior year and $33,561 versus the prior month.

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

Ashtabula's average listing price for 2024-05-01 was $331,547, a difference of $57,424 (21.0%) versus the prior year and $49,143 versus the prior month.

For the 2024-05-01 period, Ashtabula had 126 MLS listings, a difference of 15 listings (14%) versus the prior month and 6 listings (5%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Ashtabula (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,500 sqft
2018-02-01 0 days 1,498 sqft
2018-03-01 0 days 1,484 sqft
2018-04-01 0 days 1,525 sqft
2018-05-01 0 days 1,528 sqft
2018-06-01 0 days 1,536 sqft
2018-07-01 0 days 1,626 sqft
2018-08-01 0 days 1,552 sqft
2018-09-01 0 days 1,536 sqft
2018-10-01 0 days 1,554 sqft
2018-11-01 0 days 1,562 sqft
2018-12-01 0 days 1,542 sqft
2019-01-01 0 days 1,558 sqft
2019-02-01 0 days 1,625 sqft
2019-03-01 0 days 1,666 sqft
2019-04-01 0 days 1,705 sqft
2019-05-01 0 days 1,640 sqft
2019-06-01 0 days 1,632 sqft
2019-07-01 0 days 1,600 sqft
2019-08-01 0 days 1,628 sqft
2019-09-01 0 days 1,670 sqft
2019-10-01 0 days 1,707 sqft
2019-11-01 0 days 1,654 sqft
2019-12-01 0 days 1,580 sqft
2020-01-01 0 days 1,578 sqft
2020-02-01 0 days 1,540 sqft
2020-03-01 0 days 1,509 sqft
2020-04-01 0 days 1,506 sqft
2020-05-01 0 days 1,556 sqft
2020-06-01 0 days 1,618 sqft
2020-07-01 0 days 1,666 sqft
2020-08-01 0 days 1,554 sqft
2020-09-01 0 days 1,568 sqft
2020-10-01 0 days 1,548 sqft
2020-11-01 0 days 1,482 sqft
2020-12-01 0 days 1,443 sqft
2021-01-01 0 days 1,447 sqft
2021-02-01 0 days 1,479 sqft
2021-03-01 0 days 1,478 sqft
2021-04-01 0 days 1,501 sqft
2021-05-01 0 days 1,508 sqft
2021-06-01 0 days 1,597 sqft
2021-07-01 0 days 1,600 sqft
2021-08-01 0 days 1,651 sqft
2021-09-01 0 days 1,612 sqft
2021-10-01 0 days 1,597 sqft
2021-11-01 0 days 1,549 sqft
2021-12-01 0 days 1,515 sqft
2022-01-01 0 days 1,529 sqft
2022-02-01 0 days 1,418 sqft
2022-03-01 0 days 1,395 sqft
2022-04-01 0 days 1,459 sqft
2022-05-01 0 days 1,452 sqft
2022-06-01 0 days 1,440 sqft
2022-07-01 0 days 1,558 sqft
2022-08-01 0 days 1,493 sqft
2022-09-01 0 days 1,535 sqft
2022-10-01 0 days 1,547 sqft
2022-11-01 0 days 1,642 sqft
2022-12-01 0 days 1,657 sqft
2023-01-01 0 days 1,627 sqft
2023-02-01 0 days 1,626 sqft
2023-03-01 0 days 1,599 sqft
2023-04-01 0 days 1,662 sqft
2023-05-01 0 days 1,698 sqft
2023-06-01 0 days 1,731 sqft
2023-07-01 0 days 1,662 sqft
2023-08-01 0 days 1,598 sqft
2023-09-01 0 days 1,600 sqft
2023-10-01 0 days 1,626 sqft
2023-11-01 0 days 1,630 sqft
2023-12-01 0 days 1,647 sqft
2024-01-01 0 days 1,690 sqft
2024-02-01 0 days 1,676 sqft
2024-03-01 0 days 1,596 sqft
2024-04-01 0 days 1,627 sqft
2024-05-01 0 days 1,721 sqft
Ashtabula's median listing age (time on market) for 2024-05-01 was 0 days.

Ashtabula's median square footage for active listings during the 2024-05-01 period was 1,721 sqft. One year prior, the average listing was 1,698 sqft.