Bedford USDA Loan Rates, Closing Costs & Stats

Bedford, IN

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 6.86% for the week of 2024-06-07, compared to the national average (all USDA variants) of 6.699% for the same period.

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

The average rate for the prior week (2024-05-31) was 6.84% and one month ago for the week of 2024-05-03, the average rate was 6.84%.

The average rate one year ago was 6.64%.

For refis of the same type during the week of 2024-06-07, the average rate was 6.5%.

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
2024-04-01 $219,950 (-5.4%) $283,458 (-6.7%) 0.00 103
2024-05-01 $212,400 (-8.6%) $291,007 (-0.8%) 0.00 107
Bedford's median listing price for 2024-05-01 was $212,400, a difference of $-20,000 (-8.6%) versus the prior year and $-7,550 versus the prior month.

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

Bedford's average listing price for 2024-05-01 was $291,007, a difference of $-2,239 (-0.8%) versus the prior year and $7,549 versus the prior month.

For the 2024-05-01 period, Bedford had 107 MLS listings, a difference of 4 listings (4%) versus the prior month and 37 listings (53%) 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
2024-04-01 0 days 1,589 sqft
2024-05-01 0 days 1,525 sqft
Bedford's median listing age (time on market) for 2024-05-01 was 0 days.

Bedford's median square footage for active listings during the 2024-05-01 period was 1,525 sqft. One year prior, the average listing was 1,745 sqft.