Bedford USDA Loan Rates, Closing Costs & Stats

Bedford, IN

  • JUMP TO:
  • Trends
  • Rates vs Fees
  • Top Lenders
  • Markets
  • Market Conditions & Pricing
  • Time on Market/Property Size

    • 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.

    Bedford's 17 lenders originated 60 USDA loans during 2023. The total origination value was $9,720,000, with an average USDA loan value of $162,000.

    Bedford USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Bedford averaged 6.73% for the week of 2024-04-19, compared to the national average (all USDA variants) of 6.863% for the same period.

    Bedford's average USDA mortgage closing costs are $3,623.

    The average rate for the prior week (2024-04-12) was 6.98% and one month ago for the week of 2024-03-15, the average rate was 6.46%.

    The average rate one year ago was 6.2%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.76%.

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

    Bedford 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 Bedford level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    RUOFF MORTGAGE COMPANY, INC. 25 6.67% $2,072
    Flanagan State Bank 12 6.47% $5,554
    The Federal Savings Bank 3 6.79% $5,675
    Paramount Residential Mortgage Group, Inc. 3 7.29% $7,141
    FAIR WAY LENDING LLC 2 6.63% $7,923
    BAYSHORE MORTGAGE FUNDING, LLC 2 7.00% $7,155
    MORTGAGE MASTERS OF INDIANA, INC. 2 6.75% $7,744
    Sierra Pacific Mortgage Company, Inc. 1 5.63% $6,606
    SUCCESS MORTGAGE PARTNERS, INC. 1 7.63% $8,817
    AMERICAN FINANCIAL RESOURCES, INC. 1 7.00% $3,646
    UNITED WHOLESALE MORTGAGE, LLC 1 6.50% $7,730
    Fifth Third Bank 1 6.63% $7,607
    Flagstar Bank, FSB 1 6.75% $4,628
    German American Bank 1 6.50% $3,809
    GVC MORTGAGE, INC. 1 6.63% $6,957
    MUTUAL OF OMAHA MORTGAGE, INC. 1 6.25% $6,229
    Northpointe Bank 1 6.25% $4,294

    The top Bedford USDA lender as defined by loan originations is RUOFF MORTGAGE COMPANY, INC., with 25 USDA loans originated. Their average total fees are $2,072, which is $3,482 lower than the next largest lender, Flanagan State Bank.

    The lowest fee Bedford USDA lenders (with over 10 loans originated) are RUOFF MORTGAGE COMPANY, INC. ($2,072), Flanagan State Bank ($5,554), .

    The lowest rate Bedford USDA lenders (with over 10 loans originated) are Flanagan State Bank (6.47%), RUOFF MORTGAGE COMPANY, INC. (6.67%), .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Bedford (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 $114,975 (15.1%) $156,030 (9.9%) 0.00 204
    2018-02-01 $115,600 (12.9%) $159,765 (13.5%) 0.00 193
    2018-03-01 $112,000 (1.8%) $154,379 (0.2%) 0.00 201
    2018-04-01 $122,950 (2.5%) $177,269 (9.9%) 0.00 211
    2018-05-01 $129,900 (7.0%) $168,551 (3.3%) 0.00 218
    2018-06-01 $129,900 (0.6%) $167,017 (-1.2%) 0.00 211
    2018-07-01 $139,925 (7.7%) $172,923 (3.7%) 0.00 211
    2018-08-01 $139,900 (9.4%) $171,173 (2.1%) 0.00 232
    2018-09-01 $139,900 (10.2%) $180,213 (6.9%) 0.00 230
    2018-10-01 $139,900 (10.4%) $173,160 (2.7%) 0.00 240
    2018-11-01 $137,400 (5.8%) $170,528 (-1.6%) 0.00 234
    2018-12-01 $139,900 (21.7%) $172,435 (12.0%) 0.00 222
    2019-01-01 $134,050 (16.6%) $166,713 (6.9%) 0.00 207
    2019-02-01 $129,900 (12.4%) $167,201 (4.7%) 0.00 197
    2019-03-01 $135,086 (20.6%) $181,585 (17.6%) 0.00 168
    2019-04-01 $144,175 (17.3%) $197,058 (11.2%) 0.00 138
    2019-05-01 $147,700 (13.7%) $205,152 (21.7%) 0.00 140
    2019-06-01 $154,900 (19.3%) $206,091 (23.4%) 0.00 133
    2019-07-01 $159,900 (14.3%) $212,583 (22.9%) 0.00 129
    2019-08-01 $159,936 (14.3%) $212,489 (24.1%) 0.00 133
    2019-09-01 $159,916 (14.3%) $208,572 (15.7%) 0.00 132
    2019-10-01 $165,652 (18.4%) $205,306 (18.6%) 0.00 132
    2019-11-01 $169,900 (23.7%) $207,536 (21.7%) 0.00 133
    2019-12-01 $165,925 (18.6%) $219,278 (27.2%) 0.00 130
    2020-01-01 $159,950 (19.3%) $220,189 (32.1%) 0.00 123
    2020-02-01 $167,500 (29.0%) $227,815 (36.3%) 0.00 123
    2020-03-01 $164,350 (21.7%) $222,959 (22.8%) 0.00 121
    2020-04-01 $164,700 (14.2%) $219,903 (11.6%) 0.00 113
    2020-05-01 $174,950 (18.5%) $231,611 (12.9%) 0.00 102
    2020-06-01 $198,450 (28.1%) $235,884 (14.5%) 0.00 92
    2020-07-01 $184,675 (15.5%) $220,365 (3.7%) 0.00 93
    2020-08-01 $185,600 (16.1%) $220,660 (3.9%) 0.00 85
    2020-09-01 $167,450 (4.7%) $210,464 (0.9%) 0.00 82
    2020-10-01 $179,900 (8.6%) $216,612 (5.5%) 0.00 89
    2020-11-01 $183,225 (7.8%) $228,683 (10.2%) 0.00 77
    2020-12-01 $184,700 (11.3%) $227,090 (3.6%) 0.00 73
    2021-01-01 $183,900 (15.0%) $227,769 (3.4%) 0.00 62
    2021-02-01 $159,900 (-4.5%) $219,874 (-3.5%) 0.00 53
    2021-03-01 $183,900 (11.9%) $242,129 (8.6%) 0.00 49
    2021-04-01 $198,650 (20.6%) $274,231 (24.7%) 0.00 47
    2021-05-01 $205,950 (17.7%) $263,197 (13.6%) 0.00 58
    2021-06-01 $238,675 (20.3%) $281,913 (19.5%) 0.00 67
    2021-07-01 $249,900 (35.3%) $283,011 (28.4%) 0.00 77
    2021-08-01 $237,000 (27.7%) $245,646 (11.3%) 0.00 75
    2021-09-01 $245,350 (46.5%) $259,304 (23.2%) 0.00 84
    2021-10-01 $247,450 (37.6%) $254,341 (17.4%) 0.00 90
    2021-11-01 $224,925 (22.8%) $250,380 (9.5%) 0.00 80
    2021-12-01 $228,650 (23.8%) $242,278 (6.7%) 0.00 75
    2022-01-01 $249,900 (35.9%) $262,370 (15.2%) 0.00 63
    2022-02-01 $235,800 (47.5%) $251,342 (14.3%) 0.00 57
    2022-03-01 $228,675 (24.4%) $251,831 (4.0%) 0.00 57
    2022-04-01 $209,900 (5.7%) $235,318 (-14.2%) 0.00 52
    2022-05-01 $198,675 (-3.5%) $260,888 (-0.9%) 0.00 73
    2022-06-01 $215,000 (-9.9%) $273,153 (-3.1%) 0.00 89
    2022-07-01 $249,900 (0.0%) $292,788 (3.5%) 0.00 120
    2022-08-01 $247,575 (4.5%) $292,690 (19.2%) 0.00 116
    2022-09-01 $244,900 (-0.2%) $280,333 (8.1%) 0.00 128
    2022-10-01 $249,000 (0.6%) $291,846 (14.8%) 0.00 128
    2022-11-01 $246,900 (9.8%) $295,863 (18.2%) 0.00 126
    2022-12-01 $249,900 (9.3%) $295,121 (21.8%) 0.00 124
    2023-01-01 $247,200 (-1.1%) $315,400 (20.2%) 0.00 97
    2023-02-01 $239,900 (1.7%) $298,899 (18.9%) 0.00 79
    2023-03-01 $244,950 (7.1%) $318,488 (26.5%) 0.00 67
    2023-04-01 $232,400 (10.7%) $303,936 (29.2%) 0.00 66
    2023-05-01 $232,400 (17.0%) $293,246 (12.4%) 0.00 70
    2023-06-01 $239,175 (11.2%) $282,555 (3.4%) 0.00 76
    2023-07-01 $242,700 (-2.9%) $287,196 (-1.9%) 0.00 75
    2023-08-01 $233,700 (-5.6%) $287,706 (-1.7%) 0.00 81
    2023-09-01 $244,000 (-0.4%) $293,007 (4.5%) 0.00 101
    2023-10-01 $231,700 (-7.0%) $278,304 (-4.6%) 0.00 115
    2023-11-01 $227,450 (-7.9%) $279,087 (-5.7%) 0.00 111
    2023-12-01 $209,900 (-16.0%) $268,145 (-9.1%) 0.00 122
    2024-01-01 $219,900 (-11.0%) $269,648 (-14.5%) 0.00 115
    2024-02-01 $214,950 (-10.4%) $272,455 (-8.9%) 0.00 107
    2024-03-01 $219,900 (-10.2%) $282,986 (-11.2%) 0.00 106
    Bedford's median listing price for 2024-03-01 was $219,900, a difference of $-25,050 (-10.2%) versus the prior year and $4,950 versus the prior month.

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

    Bedford's average listing price for 2024-03-01 was $282,986, a difference of $-35,502 (-11.2%) versus the prior year and $10,531 versus the prior month.

    For the 2024-03-01 period, Bedford had 106 MLS listings, a difference of -1 listings (-1%) versus the prior month and 39 listings (58%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Bedford (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,440 sqft
    2018-02-01 0 days 1,472 sqft
    2018-03-01 0 days 1,462 sqft
    2018-04-01 0 days 1,617 sqft
    2018-05-01 0 days 1,654 sqft
    2018-06-01 0 days 1,702 sqft
    2018-07-01 0 days 1,682 sqft
    2018-08-01 0 days 1,672 sqft
    2018-09-01 0 days 1,637 sqft
    2018-10-01 0 days 1,670 sqft
    2018-11-01 0 days 1,644 sqft
    2018-12-01 0 days 1,663 sqft
    2019-01-01 0 days 1,642 sqft
    2019-02-01 0 days 1,636 sqft
    2019-03-01 0 days 1,622 sqft
    2019-04-01 0 days 1,591 sqft
    2019-05-01 0 days 1,677 sqft
    2019-06-01 0 days 1,668 sqft
    2019-07-01 0 days 1,771 sqft
    2019-08-01 0 days 1,816 sqft
    2019-09-01 0 days 1,809 sqft
    2019-10-01 0 days 1,820 sqft
    2019-11-01 0 days 1,728 sqft
    2019-12-01 0 days 1,592 sqft
    2020-01-01 0 days 1,664 sqft
    2020-02-01 0 days 1,786 sqft
    2020-03-01 0 days 1,803 sqft
    2020-04-01 0 days 1,839 sqft
    2020-05-01 0 days 1,848 sqft
    2020-06-01 0 days 1,899 sqft
    2020-07-01 0 days 1,831 sqft
    2020-08-01 0 days 1,764 sqft
    2020-09-01 0 days 1,785 sqft
    2020-10-01 0 days 1,740 sqft
    2020-11-01 0 days 1,693 sqft
    2020-12-01 0 days 1,714 sqft
    2021-01-01 0 days 1,650 sqft
    2021-02-01 0 days 1,594 sqft
    2021-03-01 0 days 1,678 sqft
    2021-04-01 0 days 1,664 sqft
    2021-05-01 0 days 1,678 sqft
    2021-06-01 0 days 1,670 sqft
    2021-07-01 0 days 1,684 sqft
    2021-08-01 0 days 1,689 sqft
    2021-09-01 0 days 1,779 sqft
    2021-10-01 0 days 1,750 sqft
    2021-11-01 0 days 1,731 sqft
    2021-12-01 0 days 1,757 sqft
    2022-01-01 0 days 1,750 sqft
    2022-02-01 0 days 1,687 sqft
    2022-03-01 0 days 1,581 sqft
    2022-04-01 0 days 1,475 sqft
    2022-05-01 0 days 1,442 sqft
    2022-06-01 0 days 1,562 sqft
    2022-07-01 0 days 1,691 sqft
    2022-08-01 0 days 1,774 sqft
    2022-09-01 0 days 1,780 sqft
    2022-10-01 0 days 1,750 sqft
    2022-11-01 0 days 1,790 sqft
    2022-12-01 0 days 1,786 sqft
    2023-01-01 0 days 1,750 sqft
    2023-02-01 0 days 1,703 sqft
    2023-03-01 0 days 1,788 sqft
    2023-04-01 0 days 1,765 sqft
    2023-05-01 0 days 1,745 sqft
    2023-06-01 0 days 1,806 sqft
    2023-07-01 0 days 1,750 sqft
    2023-08-01 0 days 1,793 sqft
    2023-09-01 0 days 1,739 sqft
    2023-10-01 0 days 1,690 sqft
    2023-11-01 0 days 1,674 sqft
    2023-12-01 0 days 1,578 sqft
    2024-01-01 0 days 1,570 sqft
    2024-02-01 0 days 1,579 sqft
    2024-03-01 0 days 1,570 sqft
    Bedford's median listing age (time on market) for 2024-03-01 was 0 days.

    Bedford's median square footage for active listings during the 2024-03-01 period was 1,570 sqft. One year prior, the average listing was 1,788 sqft.