Bellefontaine USDA Loan Rates, Closing Costs & Stats

Bellefontaine, OH

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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.

    Bellefontaine's 10 lenders originated 18 USDA loans during 2023. The total origination value was $2,880,000, with an average USDA loan value of $160,000.

    Bellefontaine USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Bellefontaine averaged 6.65% for the week of 2024-12-13, compared to the national average (all USDA variants) of 6.303% for the same period.

    Bellefontaine's average USDA mortgage closing costs are $4,677.

    The average rate for the prior week (2024-12-06) was 6.39% and one month ago for the week of 2024-11-08, the average rate was 6.8%.

    The average rate one year ago was 6.87%.

    For refis of the same type during the week of 2024-12-13, the average rate was 6.2%.

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

    Bellefontaine 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 Bellefontaine level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    UNION HOME MORTGAGE CORP. 7 7.07% $5,866
    CROSSCOUNTRY MORTGAGE, LLC 2 7.00% $8,558
    Western Ohio Mortgage Corporation 2 6.63% $5,883
    Neighborhood Loans, Inc. 1 6.63% $5,357
    POLARIS HOME FUNDING CORP. 1 7.00% $8,740
    RUOFF MORTGAGE COMPANY, INC. 1 6.50% $5,922
    The Huntington National Bank 1 5.63% $6,135
    THRIVE MORTGAGE, LLC 1 6.88% $5,097
    Flagstar Bank, FSB 1 7.25% $5,412
    Gateway First Bank 1 6.75% $4,377

    The top Bellefontaine USDA lender as defined by loan originations is UNION HOME MORTGAGE CORP., with 7 USDA loans originated. Their average total fees are $5,866, which is $2,692 lower than the next largest lender, CROSSCOUNTRY MORTGAGE, LLC.

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

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

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Bellefontaine (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 $149,900 (9.3%) $266,242 (13.1%) 0.00 186
    2018-02-01 $144,900 (-1.7%) $263,826 (7.6%) 0.00 192
    2018-03-01 $157,450 (1.0%) $265,717 (6.1%) 0.00 192
    2018-04-01 $168,724 (12.5%) $271,189 (5.3%) 0.00 187
    2018-05-01 $151,450 (-6.1%) $263,072 (12.7%) 0.00 185
    2018-06-01 $167,000 (4.4%) $265,870 (14.7%) 0.00 189
    2018-07-01 $169,675 (16.2%) $267,711 (18.6%) 0.00 198
    2018-08-01 $172,400 (16.2%) $271,836 (8.4%) 0.00 204
    2018-09-01 $168,700 (14.0%) $260,786 (14.2%) 0.00 211
    2018-10-01 $164,950 (3.1%) $225,477 (-17.9%) 0.00 218
    2018-11-01 $164,900 (3.1%) $225,500 (-19.2%) 0.00 213
    2018-12-01 $169,900 (6.2%) $226,812 (-14.0%) 0.00 190
    2019-01-01 $164,900 (10.0%) $225,292 (-15.4%) 0.00 136
    2019-02-01 $157,400 (8.6%) $208,400 (-21.0%) 0.00 129
    2019-03-01 $153,900 (-2.3%) $212,494 (-20.0%) 0.00 127
    2019-04-01 $169,900 (0.7%) $227,219 (-16.2%) 0.00 139
    2019-05-01 $177,400 (17.1%) $236,602 (-10.1%) 0.00 154
    2019-06-01 $164,900 (-1.3%) $221,377 (-16.7%) 0.00 171
    2019-07-01 $154,900 (-8.7%) $204,652 (-23.6%) 0.00 175
    2019-08-01 $154,732 (-10.3%) $208,263 (-23.4%) 0.00 165
    2019-09-01 $162,730 (-3.5%) $214,240 (-17.9%) 0.00 167
    2019-10-01 $169,473 (2.7%) $219,191 (-2.8%) 0.00 167
    2019-11-01 $169,900 (3.0%) $225,296 (-0.1%) 0.00 157
    2019-12-01 $164,450 (-3.2%) $226,611 (-0.1%) 0.00 146
    2020-01-01 $164,900 (0.0%) $228,084 (1.2%) 0.00 125
    2020-02-01 $159,450 (1.3%) $226,188 (8.5%) 0.00 124
    2020-03-01 $158,675 (3.1%) $216,953 (2.1%) 0.00 123
    2020-04-01 $162,400 (-4.4%) $229,399 (1.0%) 0.00 124
    2020-05-01 $177,450 (0.0%) $239,929 (1.4%) 0.00 108
    2020-06-01 $195,150 (18.3%) $255,014 (15.2%) 0.00 77
    2020-07-01 $182,400 (17.8%) $228,836 (11.8%) 0.00 58
    2020-08-01 $152,450 (-1.5%) $232,475 (11.6%) 0.00 54
    2020-09-01 $181,950 (11.8%) $311,999 (45.6%) 0.00 54
    2020-10-01 $165,000 (-2.6%) $292,309 (33.4%) 0.00 63
    2020-11-01 $158,500 (-6.7%) $290,574 (29.0%) 0.00 57
    2020-12-01 $151,450 (-7.9%) $305,032 (34.6%) 0.00 48
    2021-01-01 $189,900 (15.2%) $331,188 (45.2%) 0.00 46
    2021-02-01 $214,925 (34.8%) $380,867 (68.4%) 0.00 39
    2021-03-01 $252,400 (59.1%) $430,367 (98.4%) 0.00 37
    2021-04-01 $234,725 (44.5%) $415,898 (81.3%) 0.00 31
    2021-05-01 $231,950 (30.7%) $328,666 (37.0%) 0.00 49
    2021-06-01 $238,075 (22.0%) $359,362 (40.9%) 0.00 61
    2021-07-01 $234,500 (28.6%) $352,151 (53.9%) 0.00 70
    2021-08-01 $234,200 (53.6%) $326,434 (40.4%) 0.00 83
    2021-09-01 $232,400 (27.7%) $298,214 (-4.4%) 0.00 100
    2021-10-01 $213,233 (29.2%) $301,171 (3.0%) 0.00 93
    2021-11-01 $194,800 (22.9%) $284,296 (-2.2%) 0.00 80
    2021-12-01 $186,150 (22.9%) $285,474 (-6.4%) 0.00 65
    2022-01-01 $207,500 (9.3%) $329,827 (-0.4%) 0.00 61
    2022-02-01 $209,950 (-2.3%) $343,681 (-9.8%) 0.00 65
    2022-03-01 $253,675 (0.5%) $344,807 (-19.9%) 0.00 68
    2022-04-01 $222,000 (-5.4%) $356,543 (-14.3%) 0.00 68
    2022-05-01 $259,925 (12.1%) $348,388 (6.0%) 0.00 72
    2022-06-01 $304,475 (27.9%) $406,232 (13.0%) 0.00 110
    2022-07-01 $292,950 (24.9%) $386,326 (9.7%) 0.00 132
    2022-08-01 $309,900 (32.3%) $388,413 (19.0%) 0.00 127
    2022-09-01 $287,200 (23.6%) $370,114 (24.1%) 0.00 116
    2022-10-01 $282,400 (32.4%) $360,800 (19.8%) 0.00 118
    2022-11-01 $277,425 (42.4%) $360,680 (26.9%) 0.00 103
    2022-12-01 $258,700 (39.0%) $349,669 (22.5%) 0.00 93
    2023-01-01 $271,175 (30.7%) $364,645 (10.6%) 0.00 85
    2023-02-01 $277,450 (32.2%) $368,101 (7.1%) 0.00 83
    2023-03-01 $285,725 (12.6%) $374,683 (8.7%) 0.00 88
    2023-04-01 $307,000 (38.3%) $374,319 (5.0%) 0.00 93
    2023-05-01 $274,975 (5.8%) $356,257 (2.3%) 0.00 99
    2023-06-01 $267,400 (-12.2%) $329,045 (-19.0%) 0.00 96
    2023-07-01 $249,900 (-14.7%) $330,314 (-14.5%) 0.00 85
    2023-08-01 $242,450 (-21.8%) $329,715 (-15.1%) 0.00 83
    2023-09-01 $238,450 (-17.0%) $308,282 (-16.7%) 0.00 80
    2023-10-01 $235,425 (-16.6%) $313,521 (-13.1%) 0.00 92
    2023-11-01 $269,675 (-2.8%) $334,533 (-7.3%) 0.00 95
    2023-12-01 $249,900 (-3.4%) $318,547 (-8.9%) 0.00 80
    2024-01-01 $238,475 (-12.1%) $301,446 (-17.3%) 0.00 75
    2024-02-01 $229,950 (-17.1%) $304,798 (-17.2%) 0.00 82
    2024-03-01 $247,450 (-13.4%) $310,969 (-17.0%) 0.00 90
    2024-04-01 $263,600 (-14.1%) $342,964 (-8.4%) 0.00 87
    2024-05-01 $263,575 (-4.2%) $349,961 (-1.8%) 0.00 90
    2024-06-01 $269,900 (0.9%) $384,382 (16.8%) 0.00 89
    2024-07-01 $261,950 (4.8%) $354,694 (7.4%) 0.00 101
    2024-08-01 $264,900 (9.3%) $360,833 (9.4%) 0.00 115
    2024-09-01 $269,900 (13.2%) $380,239 (23.3%) 0.00 108
    2024-10-01 $274,975 (16.8%) $386,028 (23.1%) 0.00 109
    2024-11-01 $280,000 (3.8%) $389,419 (16.4%) 0.00 115
    Bellefontaine's median listing price for 2024-11-01 was $280,000, a difference of $10,325 (3.8%) versus the prior year and $5,025 versus the prior month.

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

    Bellefontaine's average listing price for 2024-11-01 was $389,419, a difference of $54,886 (16.4%) versus the prior year and $3,391 versus the prior month.

    For the 2024-11-01 period, Bellefontaine had 115 MLS listings, a difference of 6 listings (6%) versus the prior month and 20 listings (21%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Bellefontaine (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,546 sqft
    2018-02-01 0 days 1,555 sqft
    2018-03-01 0 days 1,503 sqft
    2018-04-01 0 days 1,636 sqft
    2018-05-01 0 days 1,629 sqft
    2018-06-01 0 days 1,628 sqft
    2018-07-01 0 days 1,629 sqft
    2018-08-01 0 days 1,640 sqft
    2018-09-01 0 days 1,620 sqft
    2018-10-01 0 days 1,596 sqft
    2018-11-01 0 days 1,614 sqft
    2018-12-01 0 days 1,700 sqft
    2019-01-01 0 days 1,604 sqft
    2019-02-01 0 days 1,616 sqft
    2019-03-01 0 days 1,569 sqft
    2019-04-01 0 days 1,513 sqft
    2019-05-01 0 days 1,483 sqft
    2019-06-01 0 days 1,503 sqft
    2019-07-01 0 days 1,512 sqft
    2019-08-01 0 days 1,502 sqft
    2019-09-01 0 days 1,486 sqft
    2019-10-01 0 days 1,499 sqft
    2019-11-01 0 days 1,522 sqft
    2019-12-01 0 days 1,483 sqft
    2020-01-01 0 days 1,476 sqft
    2020-02-01 0 days 1,452 sqft
    2020-03-01 0 days 1,409 sqft
    2020-04-01 0 days 1,397 sqft
    2020-05-01 0 days 1,402 sqft
    2020-06-01 0 days 1,444 sqft
    2020-07-01 0 days 1,453 sqft
    2020-08-01 0 days 1,488 sqft
    2020-09-01 0 days 1,481 sqft
    2020-10-01 0 days 1,420 sqft
    2020-11-01 0 days 1,441 sqft
    2020-12-01 0 days 1,439 sqft
    2021-01-01 0 days 1,420 sqft
    2021-02-01 0 days 1,473 sqft
    2021-03-01 0 days 1,656 sqft
    2021-04-01 0 days 1,531 sqft
    2021-05-01 0 days 1,566 sqft
    2021-06-01 0 days 1,651 sqft
    2021-07-01 0 days 1,642 sqft
    2021-08-01 0 days 1,507 sqft
    2021-09-01 0 days 1,470 sqft
    2021-10-01 0 days 1,564 sqft
    2021-11-01 0 days 1,510 sqft
    2021-12-01 0 days 1,436 sqft
    2022-01-01 0 days 1,424 sqft
    2022-02-01 0 days 1,434 sqft
    2022-03-01 0 days 1,547 sqft
    2022-04-01 0 days 1,665 sqft
    2022-05-01 0 days 1,495 sqft
    2022-06-01 0 days 1,554 sqft
    2022-07-01 0 days 1,584 sqft
    2022-08-01 0 days 1,535 sqft
    2022-09-01 0 days 1,590 sqft
    2022-10-01 0 days 1,577 sqft
    2022-11-01 0 days 1,607 sqft
    2022-12-01 0 days 1,599 sqft
    2023-01-01 0 days 1,586 sqft
    2023-02-01 0 days 1,440 sqft
    2023-03-01 0 days 1,412 sqft
    2023-04-01 0 days 1,386 sqft
    2023-05-01 0 days 1,360 sqft
    2023-06-01 0 days 1,387 sqft
    2023-07-01 0 days 1,373 sqft
    2023-08-01 0 days 1,554 sqft
    2023-09-01 0 days 1,384 sqft
    2023-10-01 0 days 1,557 sqft
    2023-11-01 0 days 1,643 sqft
    2023-12-01 0 days 1,558 sqft
    2024-01-01 0 days 1,513 sqft
    2024-02-01 0 days 1,442 sqft
    2024-03-01 0 days 1,354 sqft
    2024-04-01 0 days 1,326 sqft
    2024-05-01 0 days 1,474 sqft
    2024-06-01 0 days 1,519 sqft
    2024-07-01 0 days 1,481 sqft
    2024-08-01 0 days 1,416 sqft
    2024-09-01 0 days 1,498 sqft
    2024-10-01 0 days 1,487 sqft
    2024-11-01 0 days 1,568 sqft
    Bellefontaine's median listing age (time on market) for 2024-11-01 was 0 days.

    Bellefontaine's median square footage for active listings during the 2024-11-01 period was 1,568 sqft. One year prior, the average listing was 1,643 sqft.