Bay City USDA Loan Rates, Closing Costs & Stats

BAY CITY, MI

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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.

    Bay City's 7 lenders originated 8 USDA loans during 2024. The total origination value was $1,140,000, with an average USDA loan value of $142,500.

    Bay City USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Bay City averaged 6.62% for the week of 2025-05-23, compared to the national average (all USDA variants) of 6.433% for the same period.

    Bay City's average USDA mortgage closing costs are $4,282.

    The average rate for the prior week (2025-05-16) was 6.55% and one month ago for the week of 2025-04-18, the average rate was 6.94%.

    The average rate one year ago was 6.81%.

    For refis of the same type during the week of 2025-05-23, the average rate was 6.8%.

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

    Bay City 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 Bay City level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    NEWREZ LLC 2 6.75% $4,072
    DAS Acquisition Company, LLC 1 5.99% $11,021
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 7.25% $5,328
    CANOPY MORTGAGE, LLC 1 6.63% $5,863
    J. VIRGIL, INC. 1 7.13% $8,602
    TOWNE MORTGAGE COMPANY 1 5.13% $5,440
    Frankenmuth Credit Union 1 6.50% $4,587

    The top Bay City USDA lender as defined by loan originations is NEWREZ LLC, with 2 USDA loans originated. Their average total fees are $4,072, which is $6,949 lower than the next largest lender, DAS Acquisition Company, LLC.

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

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

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Bay City (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 $87,850 (3.5%) $118,872 (4.2%) 0.00 333
    2018-02-01 $88,800 (4.3%) $124,293 (5.6%) 0.00 327
    2018-03-01 $89,900 (4.8%) $128,418 (4.6%) 0.00 302
    2018-04-01 $95,850 (6.6%) $137,364 (6.3%) 0.00 279
    2018-05-01 $97,350 (2.5%) $135,241 (1.9%) 0.00 286
    2018-06-01 $98,950 (10.1%) $136,047 (7.7%) 0.00 390
    2018-07-01 $99,900 (13.0%) $146,147 (20.6%) 0.00 387
    2018-08-01 $107,000 (22.7%) $149,864 (24.3%) 0.00 388
    2018-09-01 $109,900 (27.9%) $150,976 (26.8%) 0.00 391
    2018-10-01 $108,000 (24.6%) $145,219 (21.1%) 0.00 384
    2018-11-01 $105,575 (19.1%) $144,487 (21.7%) 0.00 375
    2018-12-01 $96,400 (7.2%) $142,129 (18.8%) 0.00 369
    2019-01-01 $94,800 (7.9%) $141,432 (19.0%) 0.00 348
    2019-02-01 $89,900 (1.2%) $141,547 (13.9%) 0.00 312
    2019-03-01 $93,457 (4.0%) $243,923 (89.9%) 0.00 292
    2019-04-01 $98,350 (2.6%) $246,983 (79.8%) 0.00 281
    2019-05-01 $102,400 (5.2%) $150,654 (11.4%) 0.00 297
    2019-06-01 $119,450 (20.7%) $163,601 (20.3%) 0.00 317
    2019-07-01 $115,400 (15.5%) $158,067 (8.2%) 0.00 330
    2019-08-01 $116,445 (8.8%) $160,240 (6.9%) 0.00 349
    2019-09-01 $117,264 (6.7%) $160,799 (6.5%) 0.00 365
    2019-10-01 $114,334 (5.9%) $160,594 (10.6%) 0.00 383
    2019-11-01 $99,900 (-5.4%) $155,554 (7.7%) 0.00 365
    2019-12-01 $94,900 (-1.6%) $150,448 (5.9%) 0.00 319
    2020-01-01 $88,275 (-6.9%) $143,454 (1.4%) 0.00 277
    2020-02-01 $89,900 (0.0%) $152,713 (7.9%) 0.00 265
    2020-03-01 $93,475 (0.0%) $155,537 (-36.2%) 0.00 248
    2020-04-01 $94,950 (-3.5%) $155,074 (-37.2%) 0.00 216
    2020-05-01 $99,900 (-2.4%) $156,472 (3.9%) 0.00 199
    2020-06-01 $117,100 (-2.0%) $167,798 (2.6%) 0.00 188
    2020-07-01 $110,225 (-4.5%) $172,528 (9.2%) 0.00 164
    2020-08-01 $115,900 (-0.5%) $942,848 (488.4%) 0.00 152
    2020-09-01 $112,625 (-4.0%) $176,584 (9.8%) 0.00 139
    2020-10-01 $109,900 (-3.9%) $160,416 (-0.1%) 0.00 134
    2020-11-01 $123,650 (23.8%) $159,572 (2.6%) 0.00 123
    2020-12-01 $127,425 (34.3%) $166,159 (10.4%) 0.00 114
    2021-01-01 $129,900 (47.2%) $173,595 (21.0%) 0.00 110
    2021-02-01 $126,650 (40.9%) $169,815 (11.2%) 0.00 92
    2021-03-01 $106,225 (13.6%) $180,650 (16.2%) 0.00 82
    2021-04-01 $161,950 (70.6%) $205,368 (32.4%) 0.00 70
    2021-05-01 $149,900 (50.1%) $195,317 (24.8%) 0.00 85
    2021-06-01 $141,175 (20.6%) $205,632 (22.6%) 0.00 120
    2021-07-01 $147,900 (34.2%) $206,550 (19.7%) 0.00 149
    2021-08-01 $137,475 (18.6%) $191,707 (-79.7%) 0.00 169
    2021-09-01 $129,400 (14.9%) $187,362 (6.1%) 0.00 175
    2021-10-01 $124,900 (13.7%) $188,410 (17.5%) 0.00 179
    2021-11-01 $121,075 (-2.1%) $175,098 (9.7%) 0.00 157
    2021-12-01 $107,350 (-15.8%) $170,322 (2.5%) 0.00 146
    2022-01-01 $103,500 (-20.3%) $169,917 (-2.1%) 0.00 117
    2022-02-01 $119,700 (-5.5%) $186,640 (9.9%) 0.00 100
    2022-03-01 $129,300 (21.7%) $191,254 (5.9%) 0.00 76
    2022-04-01 $149,900 (-7.4%) $205,438 (0.0%) 0.00 75
    2022-05-01 $152,725 (1.9%) $213,624 (9.4%) 0.00 95
    2022-06-01 $151,225 (7.1%) $197,918 (-3.8%) 0.00 119
    2022-07-01 $169,900 (14.9%) $222,625 (7.8%) 0.00 139
    2022-08-01 $174,950 (27.3%) $226,089 (17.9%) 0.00 141
    2022-09-01 $180,500 (39.5%) $215,421 (15.0%) 0.00 132
    2022-10-01 $178,700 (43.1%) $215,677 (14.5%) 0.00 137
    2022-11-01 $165,225 (36.5%) $199,913 (14.2%) 0.00 134
    2022-12-01 $159,900 (49.0%) $203,128 (19.3%) 0.00 127
    2023-01-01 $152,400 (47.3%) $200,700 (18.1%) 0.00 111
    2023-02-01 $178,500 (49.1%) $224,151 (20.1%) 0.00 92
    2023-03-01 $208,650 (61.4%) $242,878 (27.0%) 0.00 75
    2023-04-01 $177,500 (18.4%) $243,777 (18.7%) 0.00 68
    2023-05-01 $171,950 (12.6%) $230,327 (7.8%) 0.00 73
    2023-06-01 $177,450 (17.3%) $223,834 (13.1%) 0.00 88
    2023-07-01 $182,400 (7.4%) $222,773 (0.1%) 0.00 96
    2023-08-01 $179,175 (2.4%) $224,385 (-0.8%) 0.00 100
    2023-09-01 $172,400 (-4.5%) $231,585 (7.5%) 0.00 106
    2023-10-01 $157,450 (-11.9%) $218,460 (1.3%) 0.00 129
    2023-11-01 $154,900 (-6.3%) $213,245 (6.7%) 0.00 152
    2023-12-01 $155,000 (-3.1%) $208,100 (2.5%) 0.00 142
    2024-01-01 $161,400 (5.9%) $201,271 (0.3%) 0.00 134
    2024-02-01 $167,450 (-6.2%) $214,895 (-4.1%) 0.00 125
    2024-03-01 $169,450 (-18.8%) $222,124 (-8.6%) 0.00 120
    2024-04-01 $196,950 (11.0%) $245,575 (0.7%) 0.00 111
    2024-05-01 $199,450 (16.0%) $248,649 (8.0%) 0.00 119
    2024-06-01 $199,000 (12.1%) $248,754 (11.1%) 0.00 111
    2024-07-01 $207,500 (13.8%) $244,704 (9.8%) 0.00 126
    2024-08-01 $199,950 (11.6%) $239,312 (6.7%) 0.00 117
    2024-09-01 $202,225 (17.3%) $249,643 (7.8%) 0.00 127
    2024-10-01 $197,250 (25.3%) $254,537 (16.5%) 0.00 145
    2024-11-01 $186,500 (20.4%) $237,349 (11.3%) 0.00 173
    2024-12-01 $180,450 (16.4%) $230,572 (10.8%) 0.00 168
    2025-01-01 $183,000 (13.4%) $219,929 (9.3%) 0.00 160
    2025-02-01 $185,625 (10.9%) $221,583 (3.1%) 0.00 145
    2025-03-01 $192,400 (13.5%) $236,386 (6.4%) 0.00 137
    2025-04-01 $184,700 (-6.2%) $231,812 (-5.6%) 0.00 122
    Bay City's median listing price for 2025-04-01 was $184,700, a difference of $-12,250 (-6.2%) versus the prior year and $-7,700 versus the prior month.

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

    Bay City's average listing price for 2025-04-01 was $231,812, a difference of $-13,763 (-5.6%) versus the prior year and $-4,574 versus the prior month.

    For the 2025-04-01 period, Bay City had 122 MLS listings, a difference of -15 listings (-11%) versus the prior month and 11 listings (10%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Bay City (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,380 sqft
    2018-02-01 0 days 1,367 sqft
    2018-03-01 0 days 1,373 sqft
    2018-04-01 0 days 1,390 sqft
    2018-05-01 0 days 1,388 sqft
    2018-06-01 0 days 1,391 sqft
    2018-07-01 0 days 1,400 sqft
    2018-08-01 0 days 1,415 sqft
    2018-09-01 0 days 1,446 sqft
    2018-10-01 0 days 1,454 sqft
    2018-11-01 0 days 1,442 sqft
    2018-12-01 0 days 1,396 sqft
    2019-01-01 0 days 1,402 sqft
    2019-02-01 0 days 1,391 sqft
    2019-03-01 0 days 1,386 sqft
    2019-04-01 0 days 1,418 sqft
    2019-05-01 0 days 1,454 sqft
    2019-06-01 0 days 1,477 sqft
    2019-07-01 0 days 1,471 sqft
    2019-08-01 0 days 1,509 sqft
    2019-09-01 0 days 1,487 sqft
    2019-10-01 0 days 1,467 sqft
    2019-11-01 0 days 1,452 sqft
    2019-12-01 0 days 1,402 sqft
    2020-01-01 0 days 1,361 sqft
    2020-02-01 0 days 1,362 sqft
    2020-03-01 0 days 1,400 sqft
    2020-04-01 0 days 1,367 sqft
    2020-05-01 0 days 1,403 sqft
    2020-06-01 0 days 1,535 sqft
    2020-07-01 0 days 1,531 sqft
    2020-08-01 0 days 1,566 sqft
    2020-09-01 0 days 1,497 sqft
    2020-10-01 0 days 1,483 sqft
    2020-11-01 0 days 1,474 sqft
    2020-12-01 0 days 1,426 sqft
    2021-01-01 0 days 1,480 sqft
    2021-02-01 0 days 1,402 sqft
    2021-03-01 0 days 1,378 sqft
    2021-04-01 0 days 1,546 sqft
    2021-05-01 0 days 1,480 sqft
    2021-06-01 0 days 1,460 sqft
    2021-07-01 0 days 1,500 sqft
    2021-08-01 0 days 1,492 sqft
    2021-09-01 0 days 1,476 sqft
    2021-10-01 0 days 1,497 sqft
    2021-11-01 0 days 1,500 sqft
    2021-12-01 0 days 1,473 sqft
    2022-01-01 0 days 1,491 sqft
    2022-02-01 0 days 1,419 sqft
    2022-03-01 0 days 1,413 sqft
    2022-04-01 0 days 1,461 sqft
    2022-05-01 0 days 1,527 sqft
    2022-06-01 0 days 1,466 sqft
    2022-07-01 0 days 1,496 sqft
    2022-08-01 0 days 1,515 sqft
    2022-09-01 0 days 1,526 sqft
    2022-10-01 0 days 1,559 sqft
    2022-11-01 0 days 1,526 sqft
    2022-12-01 0 days 1,546 sqft
    2023-01-01 0 days 1,454 sqft
    2023-02-01 0 days 1,500 sqft
    2023-03-01 0 days 1,545 sqft
    2023-04-01 0 days 1,546 sqft
    2023-05-01 0 days 1,545 sqft
    2023-06-01 0 days 1,546 sqft
    2023-07-01 0 days 1,452 sqft
    2023-08-01 0 days 1,507 sqft
    2023-09-01 0 days 1,458 sqft
    2023-10-01 0 days 1,443 sqft
    2023-11-01 0 days 1,506 sqft
    2023-12-01 0 days 1,456 sqft
    2024-01-01 0 days 1,413 sqft
    2024-02-01 0 days 1,445 sqft
    2024-03-01 0 days 1,433 sqft
    2024-04-01 0 days 1,518 sqft
    2024-05-01 0 days 1,520 sqft
    2024-06-01 0 days 1,506 sqft
    2024-07-01 0 days 1,586 sqft
    2024-08-01 0 days 1,523 sqft
    2024-09-01 0 days 1,537 sqft
    2024-10-01 0 days 1,532 sqft
    2024-11-01 0 days 1,509 sqft
    2024-12-01 0 days 1,485 sqft
    2025-01-01 0 days 1,455 sqft
    2025-02-01 0 days 1,458 sqft
    2025-03-01 0 days 1,492 sqft
    2025-04-01 0 days 1,484 sqft
    Bay City's median listing age (time on market) for 2025-04-01 was 0 days.

    Bay City's median square footage for active listings during the 2025-04-01 period was 1,484 sqft. One year prior, the average listing was 1,518 sqft.