Cincinnati USDA Loan Rates, Closing Costs & Stats

CINCINNATI, OH-KY-IN

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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.

    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.