Cadillac USDA Loan Rates, Closing Costs & Stats

Cadillac, 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.

    Cadillac's 11 lenders originated 21 USDA loans during 2023. The total origination value was $3,155,000, with an average USDA loan value of $150,238.

    Cadillac USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Cadillac averaged 6.42% for the week of 2024-12-13, compared to the national average (all USDA variants) of 6.303% for the same period.

    Cadillac's average USDA mortgage closing costs are $5,102.

    The average rate for the prior week (2024-12-06) was 6.35% and one month ago for the week of 2024-11-08, the average rate was 6.77%.

    The average rate one year ago was 7.14%.

    For refis of the same type during the week of 2024-12-13, the average rate was 6.1%.

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

    Cadillac 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 Cadillac level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    MORTGAGE 1 INCORPORATED 4 6.59% $6,056
    J. VIRGIL, INC. 3 7.13% $8,960
    GUILD MORTGAGE COMPANY 3 7.13% $6,155
    Independent Bank 2 6.19% $5,028
    CARDINAL FINANCIAL 2 6.88% $6,506
    TEAM ONE CREDIT UNION 1 7.63% $4,798
    VAN DYK MORTGAGE CORPORATION 1 6.13% $1,465
    Fifth Third Bank 1 5.75% $5,887
    LAKE MICHIGAN CREDIT UNION 1 5.63% $5,234
    STAUNTON FINANCIAL, INC. 1 6.88% $5,391
    Summit Mortgage Corporation 1 7.63% $5,671

    The top Cadillac USDA lender as defined by loan originations is MORTGAGE 1 INCORPORATED, with 4 USDA loans originated. Their average total fees are $6,056, which is $2,905 lower than the next largest lender, J. VIRGIL, INC..

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

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

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Cadillac (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 $137,606 (14.3%) $162,876 (9.1%) 0.00 236
    2018-02-01 $143,900 (20.0%) $169,208 (14.4%) 0.00 221
    2018-03-01 $149,950 (17.9%) $179,734 (17.4%) 0.00 225
    2018-04-01 $148,325 (11.2%) $177,081 (11.7%) 0.00 230
    2018-05-01 $152,450 (9.2%) $183,166 (11.7%) 0.00 260
    2018-06-01 $160,000 (14.4%) $186,966 (9.9%) 0.00 289
    2018-07-01 $165,450 (18.8%) $188,806 (10.8%) 0.00 305
    2018-08-01 $165,950 (20.7%) $188,413 (14.0%) 0.00 299
    2018-09-01 $169,900 (22.0%) $191,546 (14.5%) 0.00 293
    2018-10-01 $169,950 (20.8%) $194,086 (14.9%) 0.00 266
    2018-11-01 $168,450 (20.9%) $190,105 (14.8%) 0.00 245
    2018-12-01 $154,900 (14.7%) $185,582 (15.1%) 0.00 216
    2019-01-01 $149,900 (8.9%) $180,261 (10.7%) 0.00 208
    2019-02-01 $146,725 (2.0%) $174,655 (3.2%) 0.00 202
    2019-03-01 $147,357 (-1.7%) $173,827 (-3.3%) 0.00 200
    2019-04-01 $145,207 (-2.1%) $174,168 (-1.7%) 0.00 205
    2019-05-01 $151,500 (-0.6%) $182,296 (-0.5%) 0.00 247
    2019-06-01 $169,000 (5.6%) $197,768 (5.8%) 0.00 267
    2019-07-01 $163,700 (-1.1%) $195,774 (3.7%) 0.00 301
    2019-08-01 $159,041 (-4.2%) $192,849 (2.4%) 0.00 310
    2019-09-01 $157,752 (-7.2%) $191,420 (-0.1%) 0.00 308
    2019-10-01 $167,868 (-1.2%) $199,537 (2.8%) 0.00 271
    2019-11-01 $171,200 (1.6%) $204,014 (7.3%) 0.00 232
    2019-12-01 $164,925 (6.5%) $197,608 (6.5%) 0.00 205
    2020-01-01 $169,425 (13.0%) $196,215 (8.9%) 0.00 176
    2020-02-01 $189,900 (29.4%) $216,043 (23.7%) 0.00 157
    2020-03-01 $187,450 (27.2%) $211,828 (21.9%) 0.00 147
    2020-04-01 $184,925 (27.4%) $214,760 (23.3%) 0.00 142
    2020-05-01 $192,900 (27.3%) $215,363 (18.1%) 0.00 151
    2020-06-01 $178,650 (5.7%) $208,467 (5.4%) 0.00 138
    2020-07-01 $174,925 (6.9%) $206,811 (5.6%) 0.00 120
    2020-08-01 $179,900 (13.1%) $213,289 (10.6%) 0.00 106
    2020-09-01 $179,900 (14.0%) $222,852 (16.4%) 0.00 88
    2020-10-01 $174,950 (4.2%) $208,542 (4.5%) 0.00 79
    2020-11-01 $164,000 (-4.2%) $194,503 (-4.7%) 0.00 69
    2020-12-01 $163,650 (-0.8%) $183,826 (-7.0%) 0.00 60
    2021-01-01 $159,000 (-6.2%) $182,410 (-7.0%) 0.00 53
    2021-02-01 $144,950 (-23.7%) $197,510 (-8.6%) 0.00 42
    2021-03-01 $178,450 (-4.8%) $220,463 (4.1%) 0.00 38
    2021-04-01 $180,950 (-2.2%) $227,790 (6.1%) 0.00 39
    2021-05-01 $187,450 (-2.8%) $233,611 (8.5%) 0.00 42
    2021-06-01 $183,675 (2.8%) $242,244 (16.2%) 0.00 49
    2021-07-01 $162,450 (-7.1%) $230,796 (11.6%) 0.00 64
    2021-08-01 $169,450 (-5.8%) $232,407 (9.0%) 0.00 72
    2021-09-01 $191,975 (6.7%) $247,485 (11.1%) 0.00 77
    2021-10-01 $197,200 (12.7%) $248,481 (19.2%) 0.00 85
    2021-11-01 $200,950 (22.5%) $230,294 (18.4%) 0.00 76
    2021-12-01 $203,900 (24.6%) $234,161 (27.4%) 0.00 68
    2022-01-01 $182,175 (14.6%) $229,406 (25.8%) 0.00 62
    2022-02-01 $166,200 (14.7%) $210,630 (6.6%) 0.00 47
    2022-03-01 $163,675 (-8.3%) $196,658 (-10.8%) 0.00 47
    2022-04-01 $172,450 (-4.7%) $218,774 (-4.0%) 0.00 42
    2022-05-01 $195,725 (4.4%) $247,625 (6.0%) 0.00 56
    2022-06-01 $232,400 (26.5%) $272,871 (12.6%) 0.00 60
    2022-07-01 $249,900 (53.8%) $270,268 (17.1%) 0.00 86
    2022-08-01 $228,825 (35.0%) $253,721 (9.2%) 0.00 115
    2022-09-01 $212,449 (10.7%) $250,644 (1.3%) 0.00 115
    2022-10-01 $199,500 (1.2%) $238,083 (-4.2%) 0.00 101
    2022-11-01 $183,650 (-8.6%) $227,456 (-1.2%) 0.00 96
    2022-12-01 $182,250 (-10.6%) $252,666 (7.9%) 0.00 82
    2023-01-01 $188,450 (3.4%) $259,150 (13.0%) 0.00 64
    2023-02-01 $191,175 (15.0%) $255,491 (21.3%) 0.00 57
    2023-03-01 $235,000 (43.6%) $271,512 (38.1%) 0.00 56
    2023-04-01 $267,500 (55.1%) $288,083 (31.7%) 0.00 59
    2023-05-01 $291,950 (49.2%) $333,456 (34.7%) 0.00 66
    2023-06-01 $286,150 (23.1%) $323,574 (18.6%) 0.00 81
    2023-07-01 $262,450 (5.0%) $310,675 (15.0%) 0.00 85
    2023-08-01 $264,250 (15.5%) $304,673 (20.1%) 0.00 97
    2023-09-01 $237,000 (11.6%) $308,251 (23.0%) 0.00 104
    2023-10-01 $244,850 (22.7%) $294,984 (23.9%) 0.00 103
    2023-11-01 $249,950 (36.1%) $296,084 (30.2%) 0.00 96
    2023-12-01 $225,000 (23.5%) $291,030 (15.2%) 0.00 89
    2024-01-01 $227,425 (20.7%) $285,565 (10.2%) 0.00 81
    2024-02-01 $217,400 (13.7%) $273,560 (7.1%) 0.00 69
    2024-03-01 $249,950 (6.4%) $279,392 (2.9%) 0.00 72
    2024-04-01 $261,175 (-2.4%) $295,630 (2.6%) 0.00 73
    2024-05-01 $278,450 (-4.6%) $328,182 (-1.6%) 0.00 85
    2024-06-01 $299,950 (4.8%) $344,171 (6.4%) 0.00 113
    2024-07-01 $284,975 (8.6%) $324,825 (4.6%) 0.00 134
    2024-08-01 $299,900 (13.5%) $325,709 (6.9%) 0.00 144
    2024-09-01 $269,975 (13.9%) $318,544 (3.3%) 0.00 140
    2024-10-01 $264,975 (8.2%) $301,776 (2.3%) 0.00 144
    2024-11-01 $259,000 (3.6%) $292,845 (-1.1%) 0.00 141
    Cadillac's median listing price for 2024-11-01 was $259,000, a difference of $9,050 (3.6%) versus the prior year and $-5,975 versus the prior month.

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

    Cadillac's average listing price for 2024-11-01 was $292,845, a difference of $-3,239 (-1.1%) versus the prior year and $-8,931 versus the prior month.

    For the 2024-11-01 period, Cadillac had 141 MLS listings, a difference of -3 listings (-2%) versus the prior month and 45 listings (47%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Cadillac (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,587 sqft
    2018-02-01 0 days 1,600 sqft
    2018-03-01 0 days 1,661 sqft
    2018-04-01 0 days 1,649 sqft
    2018-05-01 0 days 1,649 sqft
    2018-06-01 0 days 1,700 sqft
    2018-07-01 0 days 1,749 sqft
    2018-08-01 0 days 1,727 sqft
    2018-09-01 0 days 1,744 sqft
    2018-10-01 0 days 1,774 sqft
    2018-11-01 0 days 1,735 sqft
    2018-12-01 0 days 1,620 sqft
    2019-01-01 0 days 1,621 sqft
    2019-02-01 0 days 1,612 sqft
    2019-03-01 0 days 1,621 sqft
    2019-04-01 0 days 1,593 sqft
    2019-05-01 0 days 1,575 sqft
    2019-06-01 0 days 1,620 sqft
    2019-07-01 0 days 1,746 sqft
    2019-08-01 0 days 1,719 sqft
    2019-09-01 0 days 1,674 sqft
    2019-10-01 0 days 1,695 sqft
    2019-11-01 0 days 1,800 sqft
    2019-12-01 0 days 1,700 sqft
    2020-01-01 0 days 1,637 sqft
    2020-02-01 0 days 1,620 sqft
    2020-03-01 0 days 1,618 sqft
    2020-04-01 0 days 1,645 sqft
    2020-05-01 0 days 1,732 sqft
    2020-06-01 0 days 1,708 sqft
    2020-07-01 0 days 1,608 sqft
    2020-08-01 0 days 1,800 sqft
    2020-09-01 0 days 1,800 sqft
    2020-10-01 0 days 1,713 sqft
    2020-11-01 0 days 1,621 sqft
    2020-12-01 0 days 1,621 sqft
    2021-01-01 0 days 1,514 sqft
    2021-02-01 0 days 1,513 sqft
    2021-03-01 0 days 1,557 sqft
    2021-04-01 0 days 1,687 sqft
    2021-05-01 0 days 1,607 sqft
    2021-06-01 0 days 1,509 sqft
    2021-07-01 0 days 1,456 sqft
    2021-08-01 0 days 1,448 sqft
    2021-09-01 0 days 1,562 sqft
    2021-10-01 0 days 1,573 sqft
    2021-11-01 0 days 1,608 sqft
    2021-12-01 0 days 1,602 sqft
    2022-01-01 0 days 1,565 sqft
    2022-02-01 0 days 1,436 sqft
    2022-03-01 0 days 1,421 sqft
    2022-04-01 0 days 1,410 sqft
    2022-05-01 0 days 1,449 sqft
    2022-06-01 0 days 1,555 sqft
    2022-07-01 0 days 1,686 sqft
    2022-08-01 0 days 1,668 sqft
    2022-09-01 0 days 1,600 sqft
    2022-10-01 0 days 1,574 sqft
    2022-11-01 0 days 1,509 sqft
    2022-12-01 0 days 1,500 sqft
    2023-01-01 0 days 1,558 sqft
    2023-02-01 0 days 1,500 sqft
    2023-03-01 0 days 1,552 sqft
    2023-04-01 0 days 1,523 sqft
    2023-05-01 0 days 1,600 sqft
    2023-06-01 0 days 1,600 sqft
    2023-07-01 0 days 1,504 sqft
    2023-08-01 0 days 1,469 sqft
    2023-09-01 0 days 1,568 sqft
    2023-10-01 0 days 1,585 sqft
    2023-11-01 0 days 1,569 sqft
    2023-12-01 0 days 1,510 sqft
    2024-01-01 0 days 1,433 sqft
    2024-02-01 0 days 1,336 sqft
    2024-03-01 0 days 1,372 sqft
    2024-04-01 0 days 1,412 sqft
    2024-05-01 0 days 1,638 sqft
    2024-06-01 0 days 1,720 sqft
    2024-07-01 0 days 1,648 sqft
    2024-08-01 0 days 1,707 sqft
    2024-09-01 0 days 1,613 sqft
    2024-10-01 0 days 1,596 sqft
    2024-11-01 0 days 1,560 sqft
    Cadillac's median listing age (time on market) for 2024-11-01 was 0 days.

    Cadillac's median square footage for active listings during the 2024-11-01 period was 1,560 sqft. One year prior, the average listing was 1,569 sqft.