Cincinnati USDA Loan Rates, Closing Costs & Stats

CINCINNATI, OH-KY-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.

Cincinnati's 99 lenders originated 884 USDA loans during 2021. The total origination value was $163,260,000, with an average USDA loan value of $184,683.

Cincinnati USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Cincinnati averaged 0.24% for the week of 2022-11-25, compared to the national average (all USDA variants) of 0% for the same period.

Cincinnati's average USDA mortgage closing costs are $4,943.

The average rate for the prior week (2022-11-18) was 6.79% and one month ago for the week of 2022-10-21, the average rate was 6.9%.

The average rate one year ago was 3.14%.

For refis of the same type during the week of 2022-11-25, the average rate was -0.03%.

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

Cincinnati 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 Cincinnati level.

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
CALIBER HOME LOANS, INC. 82 3.00% $4,976
NATIONS RELIABLE LENDING, LLC 65 3.23% $5,379
AMERIFIRST FINANCIAL CORPORATION 50 2.98% $5,365
AMERICAN MORTGAGE SERVICE COMPANY 47 2.88% $4,911
UNION HOME MORTGAGE CORP. 45 2.92% $5,179
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 43 3.15% $5,814
AMERICAN PACIFIC MORTGAGE CORPORATION 37 3.46% $5,083
NVR Mortgage Finance, Inc. 31 3.03% $7,601
STOCKTON MORTGAGE CORPORATION 29 3.06% $5,744
VICTORY MORTGAGE, L.L.C. 22 2.56% $4,405
DAS Acquisition Company, LLC 22 3.31% $4,999
CROSSCOUNTRY MORTGAGE, LLC 21 3.24% $7,854
ENVOY MORTGAGE, LTD 19 3.03% $4,521
SUMMIT FUNDING, INC. 18 2.99% $6,192
Prosperity Home Mortgage, LLC 17 2.85% $4,621
RAPID MORTGAGE COMPANY 15 3.01% $5,497
POLARIS HOME FUNDING CORP. 13 3.06% $6,103
PRIMELENDING, A PLAINSCAPITAL COMPANY 13 3.45% $6,148
RUOFF MORTGAGE COMPANY, INC. 12 3.07% $3,067
Paramount Residential Mortgage Group, Inc. 12 3.09% $5,661
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 12 3.19% $5,674
Cincinnati Federal 11 2.70% $5,684
AMCAP MORTGAGE, LTD. 11 2.95% $5,156
MID AMERICA MORTGAGE, INC. 10 2.86% $3,794
T2 FINANCIAL LLC 9 3.25% $6,729
BAYSHORE MORTGAGE FUNDING, LLC 9 3.17% $5,336
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 8 3.22% $5,949
LOANDEPOT.COM, LLC 7 3.02% $5,775
PENNYMAC LOAN SERVICES, LLC 7 2.80% $5,534
U.S. Bank 7 3.36% $4,584
FINANCE OF AMERICA MORTGAGE LLC 7 3.36% $5,417
Fifth Third Bank 6 3.00% $5,532
Central Bank & Trust Company 5 2.48% $3,973
RiverHills Bank 5 2.68% $4,242
Gateway First Bank 5 3.28% $4,144
Union Savings Bank 5 2.63% $3,704
Guardian Savings Bank, A Federal Savings Bank 5 2.68% $4,349
HOME POINT FINANCIAL CORPORATION 5 2.75% $5,072
Hometown Equity Mortgage, LLC 5 3.03% $5,243
First Financial Bank 5 2.80% $3,856
GUARANTEED RATE AFFINITY, LLC 4 2.69% $4,642
The Huntington National Bank 4 2.88% $5,624
Heartland Bank 4 2.78% $4,452
VAN DYK MORTGAGE CORPORATION 4 3.31% $4,011
UNITED WHOLESALE MORTGAGE, LLC 3 2.81% $6,412
Bank of England 3 2.96% $5,295
AMERICAN FINANCIAL NETWORK, INC. 3 3.04% $7,395
Nations Lending Corporation 3 3.21% $4,935
Colten Mortgage, LLC 3 3.17% $4,854
SIBCY CLINE MORTGAGE SERVICES, INC. 3 2.67% $4,089
HOMEBRIDGE FINANCIAL SERVICES, INC. 3 3.17% $5,669
CELEBRITY HOME LOANS, LLC 3 3.13% $5,952
Citizens Bank 3 2.58% $4,887
SUCCESS MORTGAGE PARTNERS, INC. 3 3.13% $5,683
SIGNATURE MORTGAGE CORPORATION 2 3.00% $5,537
EQUITY RESOURCES, INC. 2 2.63% $4,106
EVERETT FINANCIAL, INC. 2 2.94% $5,232
FIRST COMMUNITY MORTGAGE, INC. 2 2.88% $4,159
GENEVA FINANCIAL, LLC 2 3.19% $4,512
GUARANTY HOME MORTGAGE CORPORATION 2 3.00% $4,831
LIBERTY HOME MORTGAGE CORPORATION 2 3.00% $7,064
Magnolia Bank 2 3.06% $6,030
MICHIGAN MUTUAL, INC. 2 2.63% $4,729
PLANET HOME LENDING, LLC 2 2.81% $2,222
PNC Bank 2 2.94% $3,714
PRIMARY RESIDENTIAL MORTGAGE, INC. 2 2.94% $4,980
CHURCHILL MORTGAGE CORPORATION 2 3.25% $5,270
Regions Bank 2 2.94% $2,496
Renasant Bank 2 3.69% $4,544
Carrington Mortgage Services, LLC 2 2.75% $5,343
Stock Yards Bank & Trust Company 2 2.50% $4,466
ARK-LA-TEX FINANCIAL SERVICES, LLC. 2 3.25% $6,177
THRIVE MORTGAGE, LLC 2 3.31% $5,802
Western Ohio Mortgage Corporation 2 2.50% $5,652
CONTOUR MORTGAGE CORPORATION 1 3.50% $5,761
First Guaranty Mortgage Corporation 1 3.13% $6,772
US MORTGAGE CORPORATION 1 3.25% $8,197
LENDUS, LLC 1 3.25% $8,722
CRESCENT MORTGAGE COMPANY 1 3.13% $5,314
Ixonia Bank 1 3.25% $5,553
ENDEAVOR CAPITAL, LLC. 1 2.88% $4,832
Somerville Bank 1 3.13% $4,422
1st National Bank 1 2.50% $3,176
DIAMOND RESIDENTIAL MORTGAGE CORPORATION 1 3.00% $5,207
Hometown Lenders, Inc. 1 3.13% $3,538
HALLMARK HOME MORTGAGE, LLC 1 2.75% $4,818
Warsaw Federal Savings and Loan Association 1 2.88% $5,008
GUILD MORTGAGE COMPANY 1 3.13% $5,267
OCEANSIDE MORTGAGE COMPANY 1 3.25% $1,704
OPTION FINANCIAL, LLC 1 3.50% $7,126
Citizens Union Bank of Shelbyville 1 2.75% $3,702
Civista Bank 1 2.50% $3,742
WesBanco Bank, Inc. 1 2.88% $3,094
PLAZA HOME MORTGAGE, INC. 1 2.88% $8,609
AmRes Corporation 1 3.25% $4,773
NATIONS DIRECT MORTGAGE, LLC 1 3.25% $8,683
GUARANTEED RATE, INC. 1 3.00% $6,114
Forcht Bank 1 2.75% $3,640
MOVEMENT MORTGAGE, LLC 1 3.25% $0

The top Cincinnati USDA lender as defined by loan originations is CALIBER HOME LOANS, INC., with 82 USDA loans originated. Their average total fees are $4,976, which is $403 lower than the next largest lender, NATIONS RELIABLE LENDING, LLC.

The lowest fee Cincinnati USDA lenders (with over 10 loans originated) are RUOFF MORTGAGE COMPANY, INC. ($3,067), MID AMERICA MORTGAGE, INC. ($3,794), VICTORY MORTGAGE, L.L.C. ($4,405), ENVOY MORTGAGE, LTD ($4,521) and Prosperity Home Mortgage, LLC ($4,621).

The lowest rate Cincinnati USDA lenders (with over 10 loans originated) are VICTORY MORTGAGE, L.L.C. (2.56%), Cincinnati Federal (2.70%), Prosperity Home Mortgage, LLC (2.85%), MID AMERICA MORTGAGE, INC. (2.86%) and AMERICAN MORTGAGE SERVICE COMPANY (2.88%).


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Cincinnati (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 $223,148 (20.8%) $307,307 (9.9%) 0.83 5,227
2018-02-01 $237,230 (23.9%) $319,926 (11.0%) 0.86 5,019
2018-03-01 $257,100 (21.3%) $344,606 (12.8%) 0.90 4,838
2018-04-01 $268,950 (17.5%) $354,658 (11.7%) 0.91 5,011
2018-05-01 $274,900 (14.8%) $358,871 (11.3%) 0.92 5,304
2018-06-01 $269,900 (12.5%) $352,200 (8.9%) 0.90 5,806
2018-07-01 $269,900 (12.5%) $349,656 (9.3%) 0.90 6,182
2018-08-01 $259,400 (9.4%) $341,467 (7.7%) 0.87 6,453
2018-09-01 $254,690 (8.4%) $336,634 (6.2%) 0.85 6,634
2018-10-01 $249,900 (10.1%) $332,346 (6.4%) 0.84 6,712
2018-11-01 $245,450 (9.1%) $328,181 (6.3%) 0.83 6,599
2018-12-01 $239,900 (9.1%) $328,810 (7.8%) 0.83 5,923
2019-01-01 $239,450 (7.3%) $323,996 (5.4%) 0.83 5,387
2019-02-01 $252,450 (6.4%) $341,259 (6.7%) 0.85 4,953
2019-03-01 $266,757 (3.8%) $353,635 (2.6%) 0.87 4,925
2019-04-01 $277,900 (3.3%) $365,158 (3.0%) 0.88 4,964
2019-05-01 $289,850 (5.4%) $375,733 (4.7%) 0.91 5,149
2019-06-01 $285,000 (5.6%) $371,136 (5.4%) 0.89 5,262
2019-07-01 $282,450 (4.7%) $367,962 (5.2%) 0.88 5,405
2019-08-01 $275,836 (6.3%) $360,299 (5.5%) 0.87 5,486
2019-09-01 $269,741 (5.9%) $355,679 (5.7%) 0.86 5,502
2019-10-01 $265,415 (6.2%) $352,598 (6.1%) 0.86 5,500
2019-11-01 $259,900 (5.9%) $345,246 (5.2%) 0.85 5,182
2019-12-01 $259,000 (8.0%) $341,833 (4.0%) 0.86 4,614
2020-01-01 $264,450 (10.4%) $346,213 (6.9%) 0.88 4,117
2020-02-01 $279,900 (10.9%) $367,998 (7.8%) 0.92 3,607
2020-03-01 $299,000 (12.1%) $384,476 (8.7%) 0.94 3,513
2020-04-01 $299,450 (7.8%) $383,058 (4.9%) 0.94 3,572
2020-05-01 $324,900 (12.1%) $399,531 (6.3%) 0.99 3,440
2020-06-01 $331,566 (16.3%) $420,289 (13.2%) 0.98 3,173
2020-07-01 $334,225 (18.3%) $427,467 (16.2%) 0.97 2,934
2020-08-01 $321,950 (16.7%) $425,317 (18.1%) 0.92 2,963
2020-09-01 $314,950 (16.8%) $425,089 (19.5%) 0.90 3,012
2020-10-01 $299,900 (13.0%) $416,814 (18.2%) 0.86 3,066
2020-11-01 $290,113 (11.6%) $408,148 (18.2%) 0.85 2,967
2020-12-01 $292,450 (12.9%) $413,657 (21.0%) 0.87 2,578
2021-01-01 $299,900 (13.4%) $427,274 (23.4%) 0.90 2,185
2021-02-01 $315,516 (12.7%) $440,538 (19.7%) 0.92 1,789
2021-03-01 $324,900 (8.7%) $452,246 (17.6%) 0.92 1,721
2021-04-01 $344,913 (15.2%) $478,479 (24.9%) 0.93 1,696
2021-05-01 $354,580 (9.1%) $488,513 (22.3%) 0.94 1,867
2021-06-01 $347,450 (4.8%) $479,368 (14.1%) 0.91 2,106
2021-07-01 $324,900 (-2.8%) $454,824 (6.4%) 0.86 2,501
2021-08-01 $315,000 (-2.2%) $433,396 (1.9%) 0.84 2,832
2021-09-01 $304,950 (-3.2%) $428,729 (0.9%) 0.81 2,858
2021-10-01 $300,000 (0.0%) $425,638 (2.1%) 0.80 2,722
2021-11-01 $298,800 (3.0%) $420,158 (2.9%) 0.80 2,470
2021-12-01 $296,950 (1.5%) $426,288 (3.1%) 0.80 2,133
2022-01-01 $299,900 (0.0%) $434,682 (1.7%) 0.81 1,813
2022-02-01 $317,400 (0.6%) $460,835 (4.6%) 0.83 1,453
2022-03-01 $318,925 (-1.8%) $457,859 (1.2%) 0.80 1,408
2022-04-01 $319,000 (-7.5%) $453,064 (-5.3%) 0.76 1,476
2022-05-01 $324,900 (-8.4%) $448,870 (-8.1%) 0.74 1,861
2022-06-01 $322,450 (-7.2%) $449,426 (-6.3%) 0.72 2,167
2022-07-01 $315,000 (-3.1%) $434,856 (-4.4%) 0.71 2,538
2022-08-01 $319,450 (1.4%) $435,341 (0.5%) 0.74 2,612
2022-09-01 $324,950 (6.6%) $443,046 (3.3%) 0.76 2,518
2022-10-01 $323,175 (7.7%) $443,109 (4.1%) 0.76 2,755
Cincinnati's median listing price for 2022-10-01 was $323,175, a difference of $23,175 (7.7%) versus the prior year and $-1,775 versus the prior month.

Cincinnati's median listing price comes in at 76% of the national average.

Cincinnati's average listing price for 2022-10-01 was $443,109, a difference of $17,471 (4.1%) versus the prior year and $63 versus the prior month.

For the 2022-10-01 period, Cincinnati had 2,755 MLS listings, a difference of 237 listings (9%) versus the prior month and 33 listings (1%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Cincinnati (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 82 days 1,854 sqft
2018-02-01 74 days 1,879 sqft
2018-03-01 53 days 2,000 sqft
2018-04-01 48 days 2,092 sqft
2018-05-01 44 days 2,134 sqft
2018-06-01 43 days 2,112 sqft
2018-07-01 45 days 2,101 sqft
2018-08-01 47 days 2,058 sqft
2018-09-01 51 days 2,010 sqft
2018-10-01 56 days 1,976 sqft
2018-11-01 58 days 1,944 sqft
2018-12-01 66 days 1,910 sqft
2019-01-01 74 days 1,878 sqft
2019-02-01 72 days 1,946 sqft
2019-03-01 58 days 1,997 sqft
2019-04-01 46 days 2,045 sqft
2019-05-01 44 days 2,106 sqft
2019-06-01 44 days 2,110 sqft
2019-07-01 48 days 2,101 sqft
2019-08-01 51 days 2,060 sqft
2019-09-01 51 days 2,018 sqft
2019-10-01 52 days 1,985 sqft
2019-11-01 54 days 1,958 sqft
2019-12-01 67 days 1,922 sqft
2020-01-01 76 days 1,928 sqft
2020-02-01 67 days 2,009 sqft
2020-03-01 49 days 2,073 sqft
2020-04-01 48 days 2,077 sqft
2020-05-01 51 days 2,152 sqft
2020-06-01 49 days 2,200 sqft
2020-07-01 46 days 2,163 sqft
2020-08-01 40 days 2,102 sqft
2020-09-01 38 days 2,025 sqft
2020-10-01 39 days 1,967 sqft
2020-11-01 43 days 1,880 sqft
2020-12-01 55 days 1,842 sqft
2021-01-01 58 days 1,812 sqft
2021-02-01 55 days 1,787 sqft
2021-03-01 39 days 1,816 sqft
2021-04-01 33 days 1,904 sqft
2021-05-01 26 days 1,975 sqft
2021-06-01 27 days 1,919 sqft
2021-07-01 27 days 1,824 sqft
2021-08-01 30 days 1,791 sqft
2021-09-01 35 days 1,769 sqft
2021-10-01 38 days 1,744 sqft
2021-11-01 41 days 1,714 sqft
2021-12-01 49 days 1,672 sqft
2022-01-01 60 days 1,664 sqft
2022-02-01 55 days 1,658 sqft
2022-03-01 36 days 1,680 sqft
2022-04-01 29 days 1,680 sqft
2022-05-01 23 days 1,743 sqft
2022-06-01 24 days 1,788 sqft
2022-07-01 28 days 1,782 sqft
2022-08-01 31 days 1,775 sqft
2022-09-01 38 days 1,780 sqft
2022-10-01 36 days 1,819 sqft
Cincinnati's median listing age (time on market) for 2022-10-01 was 36 days. This is -5% shorter than the same period one year ago.

Cincinnati's median square footage for active listings during the 2022-10-01 period was 1,819 sqft. One year prior, the average listing was 1,744 sqft.