Chillicothe USDA Loan Rates, Closing Costs & Stats
Chillicothe, 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.
Chillicothe's 12 lenders originated 20 USDA loans during 2023. The total origination value was $3,550,000, with an average USDA loan value of $177,500.
Chillicothe USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Chillicothe
averaged
6.88%
for the week of 2024-04-19, compared to the national average (all USDA variants) of
6.863% for the same period.
Chillicothe's average USDA mortgage closing costs are $5,457.
The average rate for the prior week (2024-04-12) was
6.73% and
one month ago for the week of 2024-03-15, the
average rate was 6.72%.
The average rate one year ago was 6.76%.
For refis of the same type during the week of 2024-04-19, the average rate
was 6.66%.
Chillicothe 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 Chillicothe level.
| Name | # of Loans | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
|---|---|---|---|
| GUARANTEED RATE, INC. | 5 | 6.85% | $5,885 |
| UNION HOME MORTGAGE CORP. | 3 | 6.88% | $7,498 |
| GENEVA FINANCIAL, LLC | 2 | 7.06% | $7,835 |
| Citizens Bank | 2 | 7.00% | $5,026 |
| AMERICAN FINANCIAL RESOURCES, INC. | 1 | 5.75% | $8,882 |
| J. VIRGIL, INC. | 1 | 7.13% | $6,485 |
| POLARIS HOME FUNDING CORP. | 1 | 6.25% | $9,307 |
| T2 FINANCIAL LLC | 1 | 6.00% | $14,633 |
| GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION | 1 | 7.13% | $10,650 |
| AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | 1 | 7.25% | $640 |
| CROSSCOUNTRY MORTGAGE, LLC | 1 | 6.75% | $4,448 |
| Fifth Third Bank | 1 | 5.88% | $5,054 |
The top Chillicothe USDA lender as defined by loan originations is GUARANTEED RATE, INC., with
5 USDA loans originated. Their average total fees are
$5,885, which is $1,614
lower than the next largest lender,
UNION HOME MORTGAGE CORP..
The lowest fee Chillicothe USDA lenders (with over 10 loans originated) are
.
The lowest rate Chillicothe USDA lenders (with over 10 loans originated) are
.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Chillicothe (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 | $140,750 (17.4%) | $169,141 (9.7%) | 0.00 | 229 |
| 2018-02-01 | $142,400 (21.7%) | $166,767 (10.0%) | 0.00 | 232 |
| 2018-03-01 | $146,500 (24.2%) | $168,900 (11.3%) | 0.00 | 237 |
| 2018-04-01 | $144,800 (18.2%) | $170,783 (8.0%) | 0.00 | 245 |
| 2018-05-01 | $144,600 (11.3%) | $164,308 (0.1%) | 0.00 | 248 |
| 2018-06-01 | $139,900 (3.7%) | $164,398 (-1.4%) | 0.00 | 242 |
| 2018-07-01 | $144,925 (9.1%) | $173,331 (6.8%) | 0.00 | 239 |
| 2018-08-01 | $139,500 (3.4%) | $171,277 (4.1%) | 0.00 | 226 |
| 2018-09-01 | $138,000 (2.3%) | $175,085 (6.4%) | 0.00 | 237 |
| 2018-10-01 | $133,400 (-4.2%) | $166,391 (-3.0%) | 0.00 | 242 |
| 2018-11-01 | $127,722 (-8.2%) | $163,715 (-4.0%) | 0.00 | 251 |
| 2018-12-01 | $127,995 (-7.9%) | $165,259 (-2.3%) | 0.00 | 230 |
| 2019-01-01 | $133,743 (-5.0%) | $179,258 (6.0%) | 0.00 | 231 |
| 2019-02-01 | $130,095 (-8.6%) | $176,127 (5.6%) | 0.00 | 211 |
| 2019-03-01 | $135,069 (-7.8%) | $175,987 (4.2%) | 0.00 | 206 |
| 2019-04-01 | $139,500 (-3.7%) | $177,680 (4.0%) | 0.00 | 188 |
| 2019-05-01 | $144,992 (0.3%) | $183,190 (11.5%) | 0.00 | 187 |
| 2019-06-01 | $149,900 (7.2%) | $187,297 (13.9%) | 0.00 | 181 |
| 2019-07-01 | $149,900 (3.4%) | $185,401 (7.0%) | 0.00 | 168 |
| 2019-08-01 | $149,900 (7.5%) | $186,223 (8.7%) | 0.00 | 169 |
| 2019-09-01 | $149,900 (8.6%) | $187,560 (7.1%) | 0.00 | 180 |
| 2019-10-01 | $154,450 (15.8%) | $190,695 (14.6%) | 0.00 | 183 |
| 2019-11-01 | $151,000 (18.2%) | $190,611 (16.4%) | 0.00 | 174 |
| 2019-12-01 | $148,950 (16.4%) | $171,869 (4.0%) | 0.00 | 150 |
| 2020-01-01 | $149,900 (12.1%) | $171,695 (-4.2%) | 0.00 | 135 |
| 2020-02-01 | $149,900 (15.2%) | $188,291 (6.9%) | 0.00 | 130 |
| 2020-03-01 | $161,975 (19.9%) | $197,794 (12.4%) | 0.00 | 113 |
| 2020-04-01 | $181,475 (30.1%) | $213,511 (20.2%) | 0.00 | 125 |
| 2020-05-01 | $189,900 (31.0%) | $222,353 (21.4%) | 0.00 | 116 |
| 2020-06-01 | $186,975 (24.7%) | $234,881 (25.4%) | 0.00 | 91 |
| 2020-07-01 | $193,225 (28.9%) | $234,148 (26.3%) | 0.00 | 80 |
| 2020-08-01 | $175,000 (16.7%) | $230,869 (24.0%) | 0.00 | 82 |
| 2020-09-01 | $179,925 (20.0%) | $230,184 (22.7%) | 0.00 | 73 |
| 2020-10-01 | $169,900 (10.0%) | $220,240 (15.5%) | 0.00 | 97 |
| 2020-11-01 | $169,900 (12.5%) | $217,425 (14.1%) | 0.00 | 110 |
| 2020-12-01 | $169,250 (13.6%) | $219,277 (27.6%) | 0.00 | 96 |
| 2021-01-01 | $169,450 (13.0%) | $241,524 (40.7%) | 0.00 | 82 |
| 2021-02-01 | $169,450 (13.0%) | $268,336 (42.5%) | 0.00 | 66 |
| 2021-03-01 | $164,475 (1.5%) | $267,881 (35.4%) | 0.00 | 52 |
| 2021-04-01 | $175,575 (-3.3%) | $269,729 (26.3%) | 0.00 | 52 |
| 2021-05-01 | $179,900 (-5.3%) | $268,615 (20.8%) | 0.00 | 53 |
| 2021-06-01 | $184,875 (-1.1%) | $298,433 (27.1%) | 0.00 | 57 |
| 2021-07-01 | $171,950 (-11.0%) | $273,451 (16.8%) | 0.00 | 76 |
| 2021-08-01 | $182,000 (4.0%) | $277,784 (20.3%) | 0.00 | 80 |
| 2021-09-01 | $194,700 (8.2%) | $284,144 (23.4%) | 0.00 | 78 |
| 2021-10-01 | $169,900 (0.0%) | $261,221 (18.6%) | 0.00 | 79 |
| 2021-11-01 | $163,675 (-3.7%) | $266,450 (22.6%) | 0.00 | 71 |
| 2021-12-01 | $170,975 (1.0%) | $269,623 (23.0%) | 0.00 | 65 |
| 2022-01-01 | $170,000 (0.3%) | $293,763 (21.6%) | 0.00 | 46 |
| 2022-02-01 | $154,825 (-8.6%) | $313,225 (16.7%) | 0.00 | 35 |
| 2022-03-01 | $240,725 (46.4%) | $333,816 (24.6%) | 0.00 | 44 |
| 2022-04-01 | $229,900 (30.9%) | $318,714 (18.2%) | 0.00 | 45 |
| 2022-05-01 | $230,725 (28.3%) | $298,889 (11.3%) | 0.00 | 55 |
| 2022-06-01 | $229,900 (24.4%) | $328,364 (10.0%) | 0.00 | 63 |
| 2022-07-01 | $237,450 (38.1%) | $327,800 (19.9%) | 0.00 | 84 |
| 2022-08-01 | $244,475 (34.3%) | $343,290 (23.6%) | 0.00 | 84 |
| 2022-09-01 | $228,375 (17.3%) | $325,180 (14.4%) | 0.00 | 85 |
| 2022-10-01 | $242,700 (42.9%) | $339,930 (30.1%) | 0.00 | 91 |
| 2022-11-01 | $241,750 (47.7%) | $331,588 (24.5%) | 0.00 | 92 |
| 2022-12-01 | $263,700 (54.2%) | $336,586 (24.8%) | 0.00 | 82 |
| 2023-01-01 | $253,750 (49.3%) | $298,299 (1.5%) | 0.00 | 70 |
| 2023-02-01 | $246,850 (59.4%) | $307,088 (-2.0%) | 0.00 | 60 |
| 2023-03-01 | $302,500 (25.7%) | $337,415 (1.1%) | 0.00 | 61 |
| 2023-04-01 | $314,450 (36.8%) | $340,229 (6.8%) | 0.00 | 58 |
| 2023-05-01 | $270,000 (17.0%) | $304,168 (1.8%) | 0.00 | 63 |
| 2023-06-01 | $269,450 (17.2%) | $325,006 (-1.0%) | 0.00 | 72 |
| 2023-07-01 | $299,900 (26.3%) | $347,995 (6.2%) | 0.00 | 77 |
| 2023-08-01 | $270,000 (10.4%) | $329,379 (-4.1%) | 0.00 | 84 |
| 2023-09-01 | $280,000 (22.6%) | $330,169 (1.5%) | 0.00 | 88 |
| 2023-10-01 | $291,950 (20.3%) | $346,815 (2.0%) | 0.00 | 96 |
| 2023-11-01 | $249,900 (3.4%) | $309,232 (-6.7%) | 0.00 | 110 |
| 2023-12-01 | $249,000 (-5.6%) | $303,224 (-9.9%) | 0.00 | 109 |
| 2024-01-01 | $247,450 (-2.5%) | $297,649 (-0.2%) | 0.00 | 80 |
| 2024-02-01 | $244,925 (-0.8%) | $284,678 (-7.3%) | 0.00 | 68 |
| 2024-03-01 | $240,000 (-20.7%) | $279,080 (-17.3%) | 0.00 | 62 |
Chillicothe's median listing price comes in at 0% of the national average.
Chillicothe's average listing price for 2024-03-01 was $279,080, a difference of $-58,335 (-17.3%) versus the prior year and $-5,598 versus the prior month.
For the 2024-03-01 period, Chillicothe had 62 MLS listings, a difference of -6 listings (-9%) versus the prior month and 1 listings (2%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Chillicothe (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 0 days | 1,571 sqft |
| 2018-02-01 | 0 days | 1,558 sqft |
| 2018-03-01 | 0 days | 1,620 sqft |
| 2018-04-01 | 0 days | 1,611 sqft |
| 2018-05-01 | 0 days | 1,500 sqft |
| 2018-06-01 | 0 days | 1,500 sqft |
| 2018-07-01 | 0 days | 1,536 sqft |
| 2018-08-01 | 0 days | 1,548 sqft |
| 2018-09-01 | 0 days | 1,536 sqft |
| 2018-10-01 | 0 days | 1,477 sqft |
| 2018-11-01 | 0 days | 1,449 sqft |
| 2018-12-01 | 0 days | 1,444 sqft |
| 2019-01-01 | 0 days | 1,450 sqft |
| 2019-02-01 | 0 days | 1,437 sqft |
| 2019-03-01 | 0 days | 1,444 sqft |
| 2019-04-01 | 0 days | 1,442 sqft |
| 2019-05-01 | 0 days | 1,446 sqft |
| 2019-06-01 | 0 days | 1,480 sqft |
| 2019-07-01 | 0 days | 1,507 sqft |
| 2019-08-01 | 0 days | 1,561 sqft |
| 2019-09-01 | 0 days | 1,552 sqft |
| 2019-10-01 | 0 days | 1,565 sqft |
| 2019-11-01 | 0 days | 1,536 sqft |
| 2019-12-01 | 0 days | 1,436 sqft |
| 2020-01-01 | 0 days | 1,455 sqft |
| 2020-02-01 | 0 days | 1,476 sqft |
| 2020-03-01 | 0 days | 1,544 sqft |
| 2020-04-01 | 0 days | 1,675 sqft |
| 2020-05-01 | 0 days | 1,739 sqft |
| 2020-06-01 | 0 days | 1,756 sqft |
| 2020-07-01 | 0 days | 1,756 sqft |
| 2020-08-01 | 0 days | 1,602 sqft |
| 2020-09-01 | 0 days | 1,660 sqft |
| 2020-10-01 | 0 days | 1,544 sqft |
| 2020-11-01 | 0 days | 1,559 sqft |
| 2020-12-01 | 0 days | 1,544 sqft |
| 2021-01-01 | 0 days | 1,512 sqft |
| 2021-02-01 | 0 days | 1,642 sqft |
| 2021-03-01 | 0 days | 1,511 sqft |
| 2021-04-01 | 0 days | 1,639 sqft |
| 2021-05-01 | 0 days | 1,536 sqft |
| 2021-06-01 | 0 days | 1,552 sqft |
| 2021-07-01 | 0 days | 1,622 sqft |
| 2021-08-01 | 0 days | 1,576 sqft |
| 2021-09-01 | 0 days | 1,532 sqft |
| 2021-10-01 | 0 days | 1,552 sqft |
| 2021-11-01 | 0 days | 1,558 sqft |
| 2021-12-01 | 0 days | 1,476 sqft |
| 2022-01-01 | 0 days | 1,472 sqft |
| 2022-02-01 | 0 days | 1,613 sqft |
| 2022-03-01 | 0 days | 1,573 sqft |
| 2022-04-01 | 0 days | 1,551 sqft |
| 2022-05-01 | 0 days | 1,555 sqft |
| 2022-06-01 | 0 days | 1,705 sqft |
| 2022-07-01 | 0 days | 1,783 sqft |
| 2022-08-01 | 0 days | 1,622 sqft |
| 2022-09-01 | 0 days | 1,612 sqft |
| 2022-10-01 | 0 days | 1,755 sqft |
| 2022-11-01 | 0 days | 1,740 sqft |
| 2022-12-01 | 0 days | 1,716 sqft |
| 2023-01-01 | 0 days | 1,661 sqft |
| 2023-02-01 | 0 days | 1,566 sqft |
| 2023-03-01 | 0 days | 1,979 sqft |
| 2023-04-01 | 0 days | 1,876 sqft |
| 2023-05-01 | 0 days | 1,659 sqft |
| 2023-06-01 | 0 days | 1,692 sqft |
| 2023-07-01 | 0 days | 1,847 sqft |
| 2023-08-01 | 0 days | 1,614 sqft |
| 2023-09-01 | 0 days | 1,746 sqft |
| 2023-10-01 | 0 days | 1,807 sqft |
| 2023-11-01 | 0 days | 1,631 sqft |
| 2023-12-01 | 0 days | 1,632 sqft |
| 2024-01-01 | 0 days | 1,506 sqft |
| 2024-02-01 | 0 days | 1,492 sqft |
| 2024-03-01 | 0 days | 1,444 sqft |
Chillicothe's median square footage for active listings during the 2024-03-01 period was 1,444 sqft. One year prior, the average listing was 1,979 sqft.