Bellefontaine USDA Loan Rates, Closing Costs & Stats

Bellefontaine, OH

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 9 lenders originated 28 USDA loans during 2022. The total origination value was $4,250,000, with an average USDA loan value of $151,786.

Bellefontaine USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Bellefontaine averaged 6.29% for the week of 2024-03-01, compared to the national average (all USDA variants) of 6.729% for the same period.

Bellefontaine's average USDA mortgage closing costs are $4,565.

The average rate for the prior week (2024-02-23) was 6.65% and one month ago for the week of 2024-01-26, the average rate was 6.3%.

The average rate one year ago was 6.27%.

For refis of the same type during the week of 2024-03-01, the average rate was 6.73%.

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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
UNION HOME MORTGAGE CORP. 11 4.73% $5,921
CROSSCOUNTRY MORTGAGE, LLC 7 4.33% $3,427
Flagstar Bank, FSB 4 3.97% $5,318
PENNYMAC LOAN SERVICES, LLC 1 3.49% $4,145
THE EQUITABLE MORTGAGE CORPORATION 1 3.25% $5,123
The Huntington National Bank 1 5.63% $4,905
LOANDEPOT.COM, LLC 1 3.88% $5,727
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 5.75% $8,379
CALIBER HOME LOANS, INC. 1 3.13% $5,150

The top Bellefontaine USDA lender as defined by loan originations is UNION HOME MORTGAGE CORP., with 11 USDA loans originated. Their average total fees are $5,921, which is $2,494 higher than the next largest lender, CROSSCOUNTRY MORTGAGE, LLC.

The lowest fee Bellefontaine USDA lenders (with over 10 loans originated) are UNION HOME MORTGAGE CORP. ($5,921), .

The lowest rate Bellefontaine USDA lenders (with over 10 loans originated) are UNION HOME MORTGAGE CORP. (4.73%), .


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
Bellefontaine's median listing price for 2024-01-01 was $238,475, a difference of $-32,700 (-12.1%) versus the prior year and $-11,425 versus the prior month.

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

Bellefontaine's average listing price for 2024-01-01 was $301,446, a difference of $-63,199 (-17.3%) versus the prior year and $-17,101 versus the prior month.

For the 2024-01-01 period, Bellefontaine had 75 MLS listings, a difference of -5 listings (-6%) versus the prior month and -10 listings (-12%) 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
Bellefontaine's median listing age (time on market) for 2024-01-01 was 0 days.

Bellefontaine's median square footage for active listings during the 2024-01-01 period was 1,513 sqft. One year prior, the average listing was 1,586 sqft.