Battle Creek USDA Loan Rates, Closing Costs & Stats
BATTLE CREEK, 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.
Battle Creek's 9 lenders originated 21 USDA loans during 2023. The total origination value was $2,905,000, with an average USDA loan value of $138,333.
Battle Creek USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Battle Creek
averaged
6.7%
for the week of 2024-12-13, compared to the national average (all USDA variants) of
6.303% for the same period.
Battle Creek's average USDA mortgage closing costs are $4,700.
The average rate for the prior week (2024-12-06) was
6.63% and
one month ago for the week of 2024-11-08, the
average rate was 6.75%.
The average rate one year ago was 7.22%.
For refis of the same type during the week of 2024-12-13, the average rate
was 6.33%.
Battle Creek 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 Battle Creek level.
| Name | # of Loans | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
|---|---|---|---|
| UNION HOME MORTGAGE CORP. | 7 | 7.00% | $5,466 |
| Neighborhood Loans, Inc. | 5 | 6.77% | $5,987 |
| OAK MORTGAGE, LLC | 2 | 6.31% | $3,963 |
| GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION | 2 | 7.00% | $6,006 |
| CROSSCOUNTRY MORTGAGE, LLC | 1 | 6.13% | $4,955 |
| Preston Home Loans Inc | 1 | 7.25% | $4,809 |
| TOP FLITE FINANCIAL, INC. | 1 | 7.13% | $10,333 |
| TOWNE MORTGAGE COMPANY | 1 | 6.63% | $8,732 |
| EVERETT FINANCIAL, INC. | 1 | 6.63% | $2,057 |
The top Battle Creek USDA lender as defined by loan originations is UNION HOME MORTGAGE CORP., with
7 USDA loans originated. Their average total fees are
$5,466, which is $521
lower than the next largest lender,
Neighborhood Loans, Inc..
The lowest fee Battle Creek USDA lenders (with over 10 loans originated) are
.
The lowest rate Battle Creek USDA lenders (with over 10 loans originated) are
.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Battle Creek (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 | $99,900 (5.3%) | $163,199 (19.6%) | 0.37 | 400 |
| 2018-02-01 | $98,650 (-0.7%) | $163,307 (17.8%) | 0.36 | 363 |
| 2018-03-01 | $99,950 (1.0%) | $171,913 (21.5%) | 0.38 | 331 |
| 2018-04-01 | $126,900 (20.9%) | $180,830 (6.8%) | 0.43 | 345 |
| 2018-05-01 | $143,225 (21.7%) | $188,387 (10.2%) | 0.49 | 373 |
| 2018-06-01 | $144,900 (16.0%) | $192,222 (13.1%) | 0.48 | 422 |
| 2018-07-01 | $142,750 (14.3%) | $188,845 (8.9%) | 0.47 | 450 |
| 2018-08-01 | $139,950 (12.1%) | $186,153 (6.0%) | 0.47 | 477 |
| 2018-09-01 | $139,900 (18.6%) | $187,947 (11.1%) | 0.46 | 495 |
| 2018-10-01 | $139,900 (22.8%) | $188,533 (13.1%) | 0.47 | 469 |
| 2018-11-01 | $132,750 (20.7%) | $177,359 (6.6%) | 0.45 | 456 |
| 2018-12-01 | $136,750 (25.5%) | $178,660 (9.6%) | 0.46 | 445 |
| 2019-01-01 | $131,850 (32.0%) | $174,765 (7.1%) | 0.46 | 404 |
| 2019-02-01 | $135,625 (37.5%) | $178,911 (9.6%) | 0.45 | 374 |
| 2019-03-01 | $137,214 (37.3%) | $181,251 (5.4%) | 0.44 | 367 |
| 2019-04-01 | $141,700 (11.7%) | $193,515 (7.0%) | 0.43 | 370 |
| 2019-05-01 | $151,200 (5.6%) | $209,022 (11.0%) | 0.46 | 379 |
| 2019-06-01 | $169,900 (17.3%) | $228,299 (18.8%) | 0.51 | 369 |
| 2019-07-01 | $169,900 (19.0%) | $227,364 (20.4%) | 0.50 | 402 |
| 2019-08-01 | $169,473 (21.1%) | $222,001 (19.3%) | 0.51 | 424 |
| 2019-09-01 | $161,332 (15.3%) | $210,904 (12.2%) | 0.50 | 437 |
| 2019-10-01 | $155,905 (11.4%) | $203,506 (7.9%) | 0.50 | 437 |
| 2019-11-01 | $149,900 (12.9%) | $201,436 (13.6%) | 0.49 | 393 |
| 2019-12-01 | $146,722 (7.3%) | $190,706 (6.7%) | 0.49 | 360 |
| 2020-01-01 | $145,000 (10.0%) | $185,471 (6.1%) | 0.48 | 340 |
| 2020-02-01 | $143,000 (5.4%) | $190,437 (6.4%) | 0.45 | 323 |
| 2020-03-01 | $145,973 (6.4%) | $202,831 (11.9%) | 0.46 | 274 |
| 2020-04-01 | $139,800 (-1.3%) | $198,170 (2.4%) | 0.44 | 270 |
| 2020-05-01 | $149,900 (-0.9%) | $206,896 (-1.0%) | 0.46 | 265 |
| 2020-06-01 | $172,450 (1.5%) | $229,298 (0.4%) | 0.51 | 250 |
| 2020-07-01 | $193,450 (13.9%) | $245,000 (7.8%) | 0.55 | 227 |
| 2020-08-01 | $198,000 (16.8%) | $234,670 (5.7%) | 0.56 | 230 |
| 2020-09-01 | $164,900 (2.2%) | $212,997 (1.0%) | 0.47 | 243 |
| 2020-10-01 | $160,000 (2.6%) | $224,258 (10.2%) | 0.46 | 237 |
| 2020-11-01 | $159,950 (6.7%) | $217,989 (8.2%) | 0.46 | 229 |
| 2020-12-01 | $154,025 (5.0%) | $210,136 (10.2%) | 0.45 | 229 |
| 2021-01-01 | $150,000 (3.5%) | $208,524 (12.4%) | 0.46 | 206 |
| 2021-02-01 | $154,100 (7.8%) | $232,360 (22.0%) | 0.45 | 153 |
| 2021-03-01 | $177,400 (21.5%) | $256,039 (26.2%) | 0.48 | 114 |
| 2021-04-01 | $181,250 (29.7%) | $274,000 (38.3%) | 0.48 | 102 |
| 2021-05-01 | $185,000 (23.4%) | $269,882 (30.4%) | 0.47 | 119 |
| 2021-06-01 | $174,950 (1.5%) | $266,853 (16.4%) | 0.43 | 170 |
| 2021-07-01 | $159,950 (-17.3%) | $269,977 (10.2%) | 0.40 | 209 |
| 2021-08-01 | $167,400 (-15.5%) | $254,645 (8.5%) | 0.43 | 233 |
| 2021-09-01 | $158,000 (-4.2%) | $250,827 (17.8%) | 0.42 | 224 |
| 2021-10-01 | $159,900 (-0.1%) | $245,684 (9.6%) | 0.41 | 218 |
| 2021-11-01 | $171,450 (7.2%) | $269,144 (23.5%) | 0.45 | 186 |
| 2021-12-01 | $159,900 (3.8%) | $279,974 (33.2%) | 0.43 | 155 |
| 2022-01-01 | $159,900 (6.6%) | $266,074 (27.6%) | 0.41 | 140 |
| 2022-02-01 | $164,400 (6.7%) | $293,064 (26.1%) | 0.41 | 116 |
| 2022-03-01 | $193,675 (9.2%) | $317,304 (23.9%) | 0.48 | 114 |
| 2022-04-01 | $199,900 (10.3%) | $326,376 (19.1%) | 0.47 | 121 |
| 2022-05-01 | $222,475 (20.3%) | $315,910 (17.1%) | 0.50 | 170 |
| 2022-06-01 | $215,500 (23.2%) | $308,827 (15.7%) | 0.47 | 208 |
| 2022-07-01 | $198,500 (24.1%) | $289,316 (7.2%) | 0.44 | 254 |
| 2022-08-01 | $199,975 (19.5%) | $282,110 (10.8%) | 0.47 | 256 |
| 2022-09-01 | $197,425 (25.0%) | $255,429 (1.8%) | 0.00 | 271 |
| 2022-10-01 | $185,000 (15.7%) | $247,659 (0.8%) | 0.00 | 277 |
| 2022-11-01 | $188,200 (9.8%) | $251,686 (-6.5%) | 0.00 | 283 |
| 2022-12-01 | $192,450 (20.4%) | $244,807 (-12.6%) | 0.00 | 249 |
| 2023-01-01 | $189,900 (18.8%) | $233,548 (-12.2%) | 0.00 | 199 |
| 2023-02-01 | $182,450 (11.0%) | $218,362 (-25.5%) | 0.00 | 168 |
| 2023-03-01 | $195,000 (0.7%) | $265,729 (-16.3%) | 0.00 | 161 |
| 2023-04-01 | $234,500 (17.3%) | $288,619 (-11.6%) | 0.00 | 146 |
| 2023-05-01 | $249,925 (12.3%) | $298,362 (-5.6%) | 0.00 | 166 |
| 2023-06-01 | $244,200 (13.3%) | $300,964 (-2.6%) | 0.00 | 170 |
| 2023-07-01 | $239,900 (20.9%) | $297,153 (2.7%) | 0.00 | 196 |
| 2023-08-01 | $227,425 (13.7%) | $294,981 (4.6%) | 0.00 | 212 |
| 2023-09-01 | $220,000 (11.4%) | $284,849 (11.5%) | 0.00 | 220 |
| 2023-10-01 | $228,725 (23.6%) | $283,737 (14.6%) | 0.00 | 231 |
| 2023-11-01 | $217,450 (15.5%) | $272,129 (8.1%) | 0.00 | 238 |
| 2023-12-01 | $199,000 (3.4%) | $254,847 (4.1%) | 0.00 | 209 |
| 2024-01-01 | $195,475 (2.9%) | $242,680 (3.9%) | 0.00 | 191 |
| 2024-02-01 | $209,250 (14.7%) | $258,991 (18.6%) | 0.00 | 200 |
| 2024-03-01 | $249,950 (28.2%) | $282,820 (6.4%) | 0.00 | 194 |
| 2024-04-01 | $250,000 (6.6%) | $283,701 (-1.7%) | 0.00 | 185 |
| 2024-05-01 | $267,475 (7.0%) | $313,998 (5.2%) | 0.00 | 195 |
| 2024-06-01 | $257,280 (5.4%) | $294,831 (-2.0%) | 0.00 | 236 |
| 2024-07-01 | $251,355 (4.8%) | $298,313 (0.4%) | 0.00 | 256 |
| 2024-08-01 | $250,000 (9.9%) | $297,305 (0.8%) | 0.00 | 265 |
| 2024-09-01 | $244,950 (11.3%) | $291,375 (2.3%) | 0.00 | 292 |
| 2024-10-01 | $234,900 (2.7%) | $279,715 (-1.4%) | 0.00 | 305 |
| 2024-11-01 | $219,900 (1.1%) | $270,728 (-0.5%) | 0.00 | 297 |
Battle Creek's median listing price comes in at 0% of the national average.
Battle Creek's average listing price for 2024-11-01 was $270,728, a difference of $-1,401 (-0.5%) versus the prior year and $-8,987 versus the prior month.
For the 2024-11-01 period, Battle Creek had 297 MLS listings, a difference of -8 listings (-3%) versus the prior month and 59 listings (25%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Battle Creek (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 78 days | 1,559 sqft |
| 2018-02-01 | 72 days | 1,576 sqft |
| 2018-03-01 | 61 days | 1,636 sqft |
| 2018-04-01 | 50 days | 1,673 sqft |
| 2018-05-01 | 45 days | 1,744 sqft |
| 2018-06-01 | 42 days | 1,800 sqft |
| 2018-07-01 | 45 days | 1,699 sqft |
| 2018-08-01 | 43 days | 1,722 sqft |
| 2018-09-01 | 45 days | 1,719 sqft |
| 2018-10-01 | 54 days | 1,701 sqft |
| 2018-11-01 | 60 days | 1,661 sqft |
| 2018-12-01 | 69 days | 1,662 sqft |
| 2019-01-01 | 72 days | 1,628 sqft |
| 2019-02-01 | 65 days | 1,581 sqft |
| 2019-03-01 | 57 days | 1,591 sqft |
| 2019-04-01 | 51 days | 1,618 sqft |
| 2019-05-01 | 45 days | 1,635 sqft |
| 2019-06-01 | 50 days | 1,698 sqft |
| 2019-07-01 | 51 days | 1,740 sqft |
| 2019-08-01 | 52 days | 1,777 sqft |
| 2019-09-01 | 52 days | 1,766 sqft |
| 2019-10-01 | 56 days | 1,762 sqft |
| 2019-11-01 | 57 days | 1,679 sqft |
| 2019-12-01 | 68 days | 1,742 sqft |
| 2020-01-01 | 73 days | 1,682 sqft |
| 2020-02-01 | 66 days | 1,620 sqft |
| 2020-03-01 | 62 days | 1,690 sqft |
| 2020-04-01 | 62 days | 1,636 sqft |
| 2020-05-01 | 72 days | 1,710 sqft |
| 2020-06-01 | 58 days | 1,768 sqft |
| 2020-07-01 | 52 days | 1,754 sqft |
| 2020-08-01 | 53 days | 1,674 sqft |
| 2020-09-01 | 49 days | 1,558 sqft |
| 2020-10-01 | 49 days | 1,556 sqft |
| 2020-11-01 | 57 days | 1,556 sqft |
| 2020-12-01 | 60 days | 1,568 sqft |
| 2021-01-01 | 71 days | 1,556 sqft |
| 2021-02-01 | 86 days | 1,556 sqft |
| 2021-03-01 | 84 days | 1,556 sqft |
| 2021-04-01 | 53 days | 1,592 sqft |
| 2021-05-01 | 42 days | 1,616 sqft |
| 2021-06-01 | 34 days | 1,616 sqft |
| 2021-07-01 | 35 days | 1,616 sqft |
| 2021-08-01 | 37 days | 1,591 sqft |
| 2021-09-01 | 46 days | 1,528 sqft |
| 2021-10-01 | 49 days | 1,579 sqft |
| 2021-11-01 | 53 days | 1,605 sqft |
| 2021-12-01 | 61 days | 1,598 sqft |
| 2022-01-01 | 67 days | 1,566 sqft |
| 2022-02-01 | 76 days | 1,525 sqft |
| 2022-03-01 | 59 days | 1,575 sqft |
| 2022-04-01 | 42 days | 1,616 sqft |
| 2022-05-01 | 32 days | 1,608 sqft |
| 2022-06-01 | 35 days | 1,595 sqft |
| 2022-07-01 | 42 days | 1,616 sqft |
| 2022-08-01 | 43 days | 1,586 sqft |
| 2022-09-01 | 0 days | 1,624 sqft |
| 2022-10-01 | 0 days | 1,616 sqft |
| 2022-11-01 | 0 days | 1,571 sqft |
| 2022-12-01 | 0 days | 1,616 sqft |
| 2023-01-01 | 0 days | 1,587 sqft |
| 2023-02-01 | 0 days | 1,616 sqft |
| 2023-03-01 | 0 days | 1,616 sqft |
| 2023-04-01 | 0 days | 1,616 sqft |
| 2023-05-01 | 0 days | 1,616 sqft |
| 2023-06-01 | 0 days | 1,616 sqft |
| 2023-07-01 | 0 days | 1,616 sqft |
| 2023-08-01 | 0 days | 1,557 sqft |
| 2023-09-01 | 0 days | 1,584 sqft |
| 2023-10-01 | 0 days | 1,568 sqft |
| 2023-11-01 | 0 days | 1,532 sqft |
| 2023-12-01 | 0 days | 1,491 sqft |
| 2024-01-01 | 0 days | 1,495 sqft |
| 2024-02-01 | 0 days | 1,488 sqft |
| 2024-03-01 | 0 days | 1,542 sqft |
| 2024-04-01 | 0 days | 1,589 sqft |
| 2024-05-01 | 0 days | 1,616 sqft |
| 2024-06-01 | 0 days | 1,616 sqft |
| 2024-07-01 | 0 days | 1,620 sqft |
| 2024-08-01 | 0 days | 1,674 sqft |
| 2024-09-01 | 0 days | 1,672 sqft |
| 2024-10-01 | 0 days | 1,648 sqft |
| 2024-11-01 | 0 days | 1,626 sqft |
Battle Creek's median square footage for active listings during the 2024-11-01 period was 1,626 sqft. One year prior, the average listing was 1,532 sqft.