Cincinnati USDA Loans

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 5.53% for the week of 2022-08-05, compared to the national average (all USDA variants) of 5.294% for the same period.

The average rate for the prior week (2022-07-29) was 5.46% and one month ago for the week of 2022-07-01, the average rate was 5.59%.

The average rate one year ago was 3.17%.

For refis of the same type during the week of 2022-08-05, the average rate was 5.36%.

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 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. Total Fees
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%).