Auburn USDA Loan Rates, Closing Costs & Stats

Auburn, IN

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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.

    Auburn's 11 lenders originated 26 USDA loans during 2023. The total origination value was $4,420,000, with an average USDA loan value of $170,000.

    Auburn USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Auburn averaged 7.07% for the week of 2024-04-19, compared to the national average (all USDA variants) of 6.863% for the same period.

    Auburn's average USDA mortgage closing costs are $3,540.

    The average rate for the prior week (2024-04-12) was 6.83% and one month ago for the week of 2024-03-15, the average rate was 6.81%.

    The average rate one year ago was 6.55%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.66%.

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

    Auburn 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 Auburn level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    GVC MORTGAGE, INC. 7 7.25% $6,291
    RUOFF MORTGAGE COMPANY, INC. 6 6.90% $4,803
    HALLMARK HOME MORTGAGE, LLC 3 7.17% $7,107
    ACADEMY MORTGAGE CORPORATION 2 6.75% $6,612
    DIAMOND RESIDENTIAL MORTGAGE CORPORATION 2 6.94% $7,382
    GENEVA FINANCIAL, LLC 1 7.75% $9,075
    Fifth Third Bank 1 6.63% $4,946
    POLARIS HOME FUNDING CORP. 1 7.63% $6,258
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 7.13% $2,508
    STOCKTON MORTGAGE CORPORATION 1 6.75% $6,620
    V.I.P. MORTGAGE, INC. 1 6.63% $4,175

    The top Auburn USDA lender as defined by loan originations is GVC MORTGAGE, INC., with 7 USDA loans originated. Their average total fees are $6,291, which is $1,488 higher than the next largest lender, RUOFF MORTGAGE COMPANY, INC..

    The lowest fee Auburn USDA lenders (with over 10 loans originated) are .

    The lowest rate Auburn USDA lenders (with over 10 loans originated) are .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Auburn (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 $168,750 (56.7%) $190,507 (35.6%) 0.00 95
    2018-02-01 $171,291 (55.4%) $179,121 (20.9%) 0.00 94
    2018-03-01 $169,994 (55.3%) $183,812 (22.4%) 0.00 86
    2018-04-01 $178,625 (51.8%) $204,100 (33.1%) 0.00 80
    2018-05-01 $178,100 (21.6%) $218,247 (23.9%) 0.00 81
    2018-06-01 $169,850 (30.8%) $211,774 (18.2%) 0.00 85
    2018-07-01 $182,150 (21.9%) $211,706 (14.1%) 0.00 101
    2018-08-01 $179,900 (30.9%) $209,686 (5.2%) 0.00 104
    2018-09-01 $169,500 (13.4%) $211,134 (-6.8%) 0.00 90
    2018-10-01 $163,725 (10.6%) $208,856 (-7.9%) 0.00 100
    2018-11-01 $145,000 (3.6%) $190,545 (-6.5%) 0.00 103
    2018-12-01 $154,900 (14.0%) $198,232 (12.2%) 0.00 98
    2019-01-01 $164,450 (-2.6%) $201,803 (5.9%) 0.00 88
    2019-02-01 $157,400 (-8.1%) $194,860 (8.8%) 0.00 85
    2019-03-01 $164,186 (-3.4%) $197,157 (7.3%) 0.00 75
    2019-04-01 $166,711 (-6.7%) $203,325 (-0.4%) 0.00 69
    2019-05-01 $199,900 (12.2%) $220,015 (0.8%) 0.00 67
    2019-06-01 $199,700 (17.6%) $222,840 (5.2%) 0.00 73
    2019-07-01 $191,200 (5.0%) $213,506 (0.9%) 0.00 90
    2019-08-01 $192,082 (6.8%) $217,976 (4.0%) 0.00 95
    2019-09-01 $190,855 (12.6%) $223,313 (5.8%) 0.00 90
    2019-10-01 $188,650 (15.2%) $226,459 (8.4%) 0.00 87
    2019-11-01 $172,500 (19.0%) $213,347 (12.0%) 0.00 92
    2019-12-01 $171,800 (10.9%) $203,389 (2.6%) 0.00 89
    2020-01-01 $170,850 (3.9%) $199,464 (-1.2%) 0.00 83
    2020-02-01 $158,900 (1.0%) $203,970 (4.7%) 0.00 79
    2020-03-01 $172,175 (4.9%) $218,012 (10.6%) 0.00 65
    2020-04-01 $200,383 (20.2%) $224,219 (10.3%) 0.00 63
    2020-05-01 $229,450 (14.8%) $301,454 (37.0%) 0.00 61
    2020-06-01 $233,425 (16.9%) $303,358 (36.1%) 0.00 60
    2020-07-01 $227,900 (19.2%) $337,333 (58.0%) 0.00 50
    2020-08-01 $218,400 (13.7%) $328,286 (50.6%) 0.00 50
    2020-09-01 $215,300 (12.8%) $348,911 (56.2%) 0.00 44
    2020-10-01 $204,900 (8.6%) $305,794 (35.0%) 0.00 45
    2020-11-01 $220,600 (27.9%) $313,971 (47.2%) 0.00 49
    2020-12-01 $232,400 (35.3%) $328,382 (61.5%) 0.00 43
    2021-01-01 $214,700 (25.7%) $331,240 (66.1%) 0.00 28
    2021-02-01 $238,546 (50.1%) $361,819 (77.4%) 0.00 24
    2021-03-01 $173,400 (0.7%) $330,371 (51.5%) 0.00 23
    2021-04-01 $203,709 (1.7%) $390,638 (74.2%) 0.00 20
    2021-05-01 $189,950 (-17.2%) $392,032 (30.1%) 0.00 22
    2021-06-01 $189,900 (-18.7%) $332,488 (9.6%) 0.00 31
    2021-07-01 $204,950 (-10.1%) $344,737 (2.2%) 0.00 36
    2021-08-01 $209,950 (-3.9%) $300,885 (-8.4%) 0.00 45
    2021-09-01 $221,200 (2.7%) $278,600 (-20.2%) 0.00 47
    2021-10-01 $189,900 (-7.3%) $251,612 (-17.7%) 0.00 43
    2021-11-01 $187,400 (-15.1%) $251,107 (-20.0%) 0.00 38
    2021-12-01 $184,975 (-20.4%) $261,758 (-20.3%) 0.00 41
    2022-01-01 $184,950 (-13.9%) $261,138 (-21.2%) 0.00 34
    2022-02-01 $172,000 (-27.9%) $292,018 (-19.3%) 0.00 19
    2022-03-01 $263,450 (51.9%) $520,165 (57.5%) 0.00 22
    2022-04-01 $299,900 (47.2%) $619,820 (58.7%) 0.00 23
    2022-05-01 $275,425 (45.0%) $479,691 (22.4%) 0.00 38
    2022-06-01 $309,900 (63.2%) $466,266 (40.2%) 0.00 44
    2022-07-01 $290,000 (41.5%) $376,053 (9.1%) 0.00 55
    2022-08-01 $349,675 (66.6%) $449,776 (49.5%) 0.00 39
    2022-09-01 $321,073 (45.2%) $391,678 (40.6%) 0.00 46
    2022-10-01 $316,300 (66.6%) $359,140 (42.7%) 0.00 64
    2022-11-01 $324,798 (73.3%) $363,931 (44.9%) 0.00 68
    2022-12-01 $314,900 (70.2%) $338,285 (29.2%) 0.00 65
    2023-01-01 $329,900 (78.4%) $335,372 (28.4%) 0.00 52
    2023-02-01 $354,807 (106.3%) $364,418 (24.8%) 0.00 43
    2023-03-01 $377,750 (43.4%) $397,797 (-23.5%) 0.00 37
    2023-04-01 $339,900 (13.3%) $364,966 (-41.1%) 0.00 37
    2023-05-01 $272,441 (-1.1%) $311,436 (-35.1%) 0.00 52
    2023-06-01 $339,400 (9.5%) $364,668 (-21.8%) 0.00 53
    2023-07-01 $369,000 (27.2%) $381,448 (1.4%) 0.00 50
    2023-08-01 $363,650 (4.0%) $385,646 (-14.3%) 0.00 60
    2023-09-01 $338,600 (5.5%) $379,028 (-3.2%) 0.00 65
    2023-10-01 $309,675 (-2.1%) $368,849 (2.7%) 0.00 73
    2023-11-01 $318,650 (-1.9%) $364,428 (0.1%) 0.00 78
    2023-12-01 $297,500 (-5.5%) $349,437 (3.3%) 0.00 78
    2024-01-01 $291,238 (-11.7%) $341,468 (1.8%) 0.00 73
    2024-02-01 $299,165 (-15.7%) $348,576 (-4.4%) 0.00 59
    2024-03-01 $327,450 (-13.3%) $361,031 (-9.2%) 0.00 44
    Auburn's median listing price for 2024-03-01 was $327,450, a difference of $-50,300 (-13.3%) versus the prior year and $28,285 versus the prior month.

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

    Auburn's average listing price for 2024-03-01 was $361,031, a difference of $-36,766 (-9.2%) versus the prior year and $12,455 versus the prior month.

    For the 2024-03-01 period, Auburn had 44 MLS listings, a difference of -15 listings (-25%) versus the prior month and 7 listings (19%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Auburn (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,725 sqft
    2018-02-01 0 days 1,726 sqft
    2018-03-01 0 days 1,722 sqft
    2018-04-01 0 days 1,780 sqft
    2018-05-01 0 days 1,907 sqft
    2018-06-01 0 days 1,921 sqft
    2018-07-01 0 days 1,924 sqft
    2018-08-01 0 days 1,915 sqft
    2018-09-01 0 days 1,838 sqft
    2018-10-01 0 days 1,854 sqft
    2018-11-01 0 days 1,761 sqft
    2018-12-01 0 days 1,804 sqft
    2019-01-01 0 days 1,855 sqft
    2019-02-01 0 days 1,809 sqft
    2019-03-01 0 days 1,848 sqft
    2019-04-01 0 days 1,864 sqft
    2019-05-01 0 days 1,848 sqft
    2019-06-01 0 days 1,911 sqft
    2019-07-01 0 days 1,941 sqft
    2019-08-01 0 days 1,934 sqft
    2019-09-01 0 days 1,954 sqft
    2019-10-01 0 days 1,899 sqft
    2019-11-01 0 days 1,796 sqft
    2019-12-01 0 days 1,791 sqft
    2020-01-01 0 days 1,789 sqft
    2020-02-01 0 days 1,746 sqft
    2020-03-01 0 days 1,794 sqft
    2020-04-01 0 days 1,803 sqft
    2020-05-01 0 days 1,848 sqft
    2020-06-01 0 days 1,838 sqft
    2020-07-01 0 days 1,819 sqft
    2020-08-01 0 days 1,819 sqft
    2020-09-01 0 days 1,751 sqft
    2020-10-01 0 days 1,801 sqft
    2020-11-01 0 days 1,809 sqft
    2020-12-01 0 days 1,812 sqft
    2021-01-01 0 days 1,800 sqft
    2021-02-01 0 days 1,713 sqft
    2021-03-01 0 days 1,616 sqft
    2021-04-01 0 days 1,752 sqft
    2021-05-01 0 days 1,621 sqft
    2021-06-01 0 days 1,685 sqft
    2021-07-01 0 days 1,705 sqft
    2021-08-01 0 days 1,710 sqft
    2021-09-01 0 days 1,780 sqft
    2021-10-01 0 days 1,766 sqft
    2021-11-01 0 days 1,676 sqft
    2021-12-01 0 days 1,754 sqft
    2022-01-01 0 days 1,708 sqft
    2022-02-01 0 days 1,844 sqft
    2022-03-01 0 days 1,894 sqft
    2022-04-01 0 days 1,986 sqft
    2022-05-01 0 days 1,711 sqft
    2022-06-01 0 days 1,843 sqft
    2022-07-01 0 days 1,844 sqft
    2022-08-01 0 days 1,977 sqft
    2022-09-01 0 days 1,923 sqft
    2022-10-01 0 days 1,970 sqft
    2022-11-01 0 days 1,972 sqft
    2022-12-01 0 days 1,840 sqft
    2023-01-01 0 days 1,845 sqft
    2023-02-01 0 days 1,892 sqft
    2023-03-01 0 days 1,960 sqft
    2023-04-01 0 days 1,866 sqft
    2023-05-01 0 days 1,888 sqft
    2023-06-01 0 days 1,977 sqft
    2023-07-01 0 days 2,004 sqft
    2023-08-01 0 days 1,970 sqft
    2023-09-01 0 days 2,008 sqft
    2023-10-01 0 days 1,960 sqft
    2023-11-01 0 days 1,977 sqft
    2023-12-01 0 days 1,895 sqft
    2024-01-01 0 days 1,766 sqft
    2024-02-01 0 days 1,783 sqft
    2024-03-01 0 days 1,957 sqft
    Auburn's median listing age (time on market) for 2024-03-01 was 0 days.

    Auburn's median square footage for active listings during the 2024-03-01 period was 1,957 sqft. One year prior, the average listing was 1,960 sqft.