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 57 lenders originated 222 USDA loans during 2023. The total origination value was $44,870,000, with an average USDA loan value of $202,117.

    Cincinnati USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Cincinnati averaged 6.42% for the week of 2025-02-14, compared to the national average (all USDA variants) of 6.526% for the same period.

    Cincinnati's average USDA mortgage closing costs are $5,206.

    The average rate for the prior week (2025-02-07) was 6.58% and one month ago for the week of 2025-01-10, the average rate was 6.33%.

    The average rate one year ago was 6.62%.

    For refis of the same type during the week of 2025-02-14, the average rate was 7.01%.

    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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    CROSSCOUNTRY MORTGAGE, LLC 32 6.57% $7,728
    AMERICAN PACIFIC MORTGAGE CORPORATION 21 7.08% $7,931
    UNION HOME MORTGAGE CORP. 13 6.75% $6,425
    THRIVE MORTGAGE, LLC 11 6.75% $6,778
    NATIONS RELIABLE LENDING, LLC 9 6.92% $6,561
    FIRST COMMUNITY MORTGAGE, INC. 9 6.75% $6,665
    STOCKTON MORTGAGE CORPORATION 8 6.59% $8,599
    UNITED WHOLESALE MORTGAGE, LLC 8 6.61% $6,399
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 7 7.20% $6,719
    T2 FINANCIAL LLC 7 6.66% $10,156
    SUCCESS MORTGAGE PARTNERS, INC. 6 6.46% $8,965
    U.S. Bank 5 6.85% $6,709
    NVR Mortgage Finance, Inc. 5 5.32% $7,261
    PRIMELENDING, A PLAINSCAPITAL COMPANY 5 7.13% $8,059
    Cincinnati Federal 4 6.06% $5,568
    BAYSHORE MORTGAGE FUNDING, LLC 4 6.94% $9,328
    NEWREZ LLC 4 6.72% $5,141
    Paramount Residential Mortgage Group, Inc. 4 6.81% $8,304
    HOMESIDE FINANCIAL, LLC 3 6.25% $6,774
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 3 6.50% $8,883
    Bank of England 3 5.83% $9,530
    Gateway First Bank 3 6.25% $6,822
    RUOFF MORTGAGE COMPANY, INC. 3 6.75% $3,439
    RAPID MORTGAGE COMPANY 3 6.42% $5,594
    Union Savings Bank 2 7.38% $6,419
    ENVOY MORTGAGE, LTD 2 7.00% $6,479
    EQUITY RESOURCES, INC. 2 6.99% $6,506
    EVERETT FINANCIAL, INC. 2 6.00% $10,185
    Prosperity Home Mortgage, LLC 2 6.56% $6,049
    VICTORY MORTGAGE, L.L.C. 2 5.31% $5,540
    MID AMERICA MORTGAGE, INC. 1 7.13% $3,860
    Northpointe Bank 1 6.75% $5,104
    NORWICH COMMERCIAL GROUP, INC. 1 7.13% $7,566
    INTERNATIONAL CITY MORTGAGE, INC. 1 7.25% $6,581
    HOWARD HANNA FINANCIAL SERVICES, INC. 1 5.88% $11,056
    POLARIS HOME FUNDING CORP. 1 6.50% $5,833
    Heartland Bank 1 7.00% $5,696
    Western Ohio Mortgage Corporation 1 7.13% $5,104
    Guardian Savings Bank, A Federal Savings Bank 1 5.75% $7,338
    GUARANTEED RATE, INC. 1 5.78% $6,969
    S1L, Inc. 1 7.25% $6,620
    Somerville Bank 1 7.75% $4,160
    FREEDOM MORTGAGE CORPORATION 1 6.25% $8,067
    FLAT BRANCH MORTGAGE, INC. 1 5.75% $5,847
    Flagstar Bank, FSB 1 6.75% $6,096
    The Huntington National Bank 1 7.00% $6,335
    First Federal Bank of the Midwest 1 5.63% $5,944
    Truist 1 6.63% $7,572
    DAS Acquisition Company, LLC 1 6.63% $6,323
    AMERICAN FINANCIAL NETWORK, INC. 1 6.63% $3,791
    Century Mortgage Company DBA Century Lending Company 1 5.50% $7,130
    Carrington Mortgage Services, LLC 1 6.63% $5,469
    VAN DYK MORTGAGE CORPORATION 1 7.13% $3,305
    WRIGHT-PATT CREDIT UNION, INC. 1 6.38% $8,297
    VILLAGE CAPITAL MORTGAGE 1 7.75% $9,320
    Nations Lending Corporation 1 5.63% $7,344
    MOVEMENT MORTGAGE, LLC 1 6.25% $7,296

    The top Cincinnati USDA lender as defined by loan originations is CROSSCOUNTRY MORTGAGE, LLC, with 32 USDA loans originated. Their average total fees are $7,728, which is $203 lower than the next largest lender, AMERICAN PACIFIC MORTGAGE CORPORATION.

    The lowest fee Cincinnati USDA lenders (with over 10 loans originated) are UNION HOME MORTGAGE CORP. ($6,425), THRIVE MORTGAGE, LLC ($6,778), CROSSCOUNTRY MORTGAGE, LLC ($7,728), AMERICAN PACIFIC MORTGAGE CORPORATION ($7,931) and .

    The lowest rate Cincinnati USDA lenders (with over 10 loans originated) are CROSSCOUNTRY MORTGAGE, LLC (6.57%), UNION HOME MORTGAGE CORP. (6.75%), THRIVE MORTGAGE, LLC (6.75%), AMERICAN PACIFIC MORTGAGE CORPORATION (7.08%) and .

    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 $225,500 (22.1%) $308,776 (10.2%) 0.82 5,184
    2018-02-01 $239,450 (24.6%) $321,559 (11.4%) 0.86 4,978
    2018-03-01 $258,900 (21.8%) $346,286 (13.0%) 0.89 4,809
    2018-04-01 $271,500 (18.3%) $356,189 (11.8%) 0.91 4,981
    2018-05-01 $275,000 (14.6%) $360,546 (11.5%) 0.92 5,271
    2018-06-01 $269,990 (12.3%) $353,754 (9.1%) 0.90 5,771
    2018-07-01 $269,900 (12.5%) $350,934 (9.3%) 0.90 6,152
    2018-08-01 $259,500 (8.5%) $342,614 (7.8%) 0.87 6,424
    2018-09-01 $255,000 (8.3%) $337,584 (6.2%) 0.86 6,609
    2018-10-01 $249,900 (9.4%) $333,431 (6.4%) 0.85 6,681
    2018-11-01 $248,260 (10.3%) $329,365 (6.3%) 0.83 6,564
    2018-12-01 $239,900 (8.6%) $330,102 (8.0%) 0.83 5,889
    2019-01-01 $239,900 (6.4%) $325,120 (5.3%) 0.83 5,363
    2019-02-01 $253,925 (6.0%) $342,552 (6.5%) 0.85 4,927
    2019-03-01 $267,957 (3.5%) $355,066 (2.5%) 0.87 4,897
    2019-04-01 $280,850 (3.4%) $366,627 (2.9%) 0.88 4,935
    2019-05-01 $289,900 (5.4%) $377,313 (4.7%) 0.91 5,118
    2019-06-01 $288,270 (6.8%) $372,609 (5.3%) 0.89 5,229
    2019-07-01 $284,000 (5.2%) $369,377 (5.3%) 0.88 5,369
    2019-08-01 $276,394 (6.5%) $361,907 (5.6%) 0.87 5,446
    2019-09-01 $271,000 (6.3%) $357,257 (5.8%) 0.86 5,462
    2019-10-01 $267,404 (7.0%) $354,157 (6.2%) 0.86 5,460
    2019-11-01 $260,478 (4.9%) $346,906 (5.3%) 0.85 5,141
    2019-12-01 $259,900 (8.3%) $343,573 (4.1%) 0.86 4,577
    2020-01-01 $265,950 (10.9%) $347,628 (6.9%) 0.88 4,090
    2020-02-01 $280,000 (10.3%) $369,603 (7.9%) 0.92 3,581
    2020-03-01 $299,675 (11.8%) $386,321 (8.8%) 0.94 3,489
    2020-04-01 $299,950 (6.8%) $384,970 (5.0%) 0.94 3,546
    2020-05-01 $325,000 (12.1%) $401,187 (6.3%) 0.99 3,416
    2020-06-01 $334,950 (16.2%) $421,967 (13.3%) 0.98 3,154
    2020-07-01 $337,450 (18.8%) $429,378 (16.2%) 0.98 2,914
    2020-08-01 $324,900 (17.6%) $427,022 (18.0%) 0.92 2,946
    2020-09-01 $316,750 (16.9%) $427,028 (19.5%) 0.90 2,996
    2020-10-01 $299,983 (12.2%) $418,036 (18.0%) 0.86 3,052
    2020-11-01 $290,950 (11.7%) $409,042 (17.9%) 0.85 2,956
    2020-12-01 $292,450 (12.5%) $414,493 (20.6%) 0.87 2,567
    2021-01-01 $299,900 (12.8%) $428,732 (23.3%) 0.90 2,175
    2021-02-01 $317,400 (13.4%) $442,149 (19.6%) 0.92 1,778
    2021-03-01 $325,000 (8.5%) $454,696 (17.7%) 0.92 1,707
    2021-04-01 $347,426 (15.8%) $481,319 (25.0%) 0.94 1,682
    2021-05-01 $359,000 (10.5%) $490,549 (22.3%) 0.95 1,853
    2021-06-01 $349,208 (4.3%) $480,993 (14.0%) 0.92 2,090
    2021-07-01 $325,000 (-3.7%) $455,717 (6.1%) 0.86 2,490
    2021-08-01 $315,000 (-3.1%) $434,350 (1.7%) 0.84 2,817
    2021-09-01 $304,950 (-3.7%) $429,711 (0.6%) 0.81 2,842
    2021-10-01 $300,000 (0.0%) $427,054 (2.2%) 0.80 2,702
    2021-11-01 $299,450 (2.9%) $421,388 (3.0%) 0.80 2,456
    2021-12-01 $297,000 (1.6%) $427,378 (3.1%) 0.80 2,120
    2022-01-01 $299,900 (0.0%) $435,730 (1.6%) 0.81 1,798
    2022-02-01 $322,000 (1.5%) $462,407 (4.6%) 0.84 1,443
    2022-03-01 $319,950 (-1.6%) $459,330 (1.0%) 0.80 1,396
    2022-04-01 $324,900 (-6.5%) $454,405 (-5.6%) 0.77 1,462
    2022-05-01 $324,950 (-9.5%) $450,319 (-8.2%) 0.74 1,843
    2022-06-01 $325,000 (-6.9%) $450,550 (-6.3%) 0.72 2,151
    2022-07-01 $319,000 (-1.9%) $435,952 (-4.3%) 0.71 2,525
    2022-08-01 $322,400 (2.4%) $436,321 (0.5%) 0.75 2,603
    2022-09-01 $325,000 (6.6%) $444,323 (3.4%) 0.76 2,504
    2022-10-01 $324,900 (8.3%) $444,472 (4.1%) 0.76 2,739
    2022-11-01 $325,000 (8.5%) $444,855 (5.6%) 0.78 2,709
    2022-12-01 $325,000 (9.4%) $447,814 (4.8%) 0.80 2,346
    2023-01-01 $329,450 (9.9%) $453,307 (4.0%) 0.81 2,043
    2023-02-01 $362,150 (12.5%) $490,773 (6.1%) 0.87 1,730
    2023-03-01 $369,650 (15.5%) $507,309 (10.5%) 0.87 1,665
    2023-04-01 $385,000 (18.5%) $513,352 (13.0%) 0.90 1,832
    2023-05-01 $391,308 (20.4%) $519,749 (15.4%) 0.88 1,900
    2023-06-01 $389,925 (20.0%) $511,523 (13.5%) 0.88 2,120
    2023-07-01 $384,998 (20.7%) $514,961 (18.1%) 0.87 2,239
    2023-08-01 $376,950 (16.9%) $503,974 (15.5%) 0.86 2,414
    2023-09-01 $374,500 (15.2%) $499,059 (12.3%) 0.87 2,651
    2023-10-01 $357,475 (10.0%) $484,952 (9.1%) 0.84 2,905
    2023-11-01 $345,000 (6.2%) $467,442 (5.1%) 0.82 3,010
    2023-12-01 $335,245 (3.2%) $456,295 (1.9%) 0.82 2,755
    2024-01-01 $329,950 (0.2%) $452,324 (-0.2%) 0.81 2,433
    2024-02-01 $337,450 (-6.8%) $471,017 (-4.0%) 0.81 2,172
    2024-03-01 $350,900 (-5.1%) $490,861 (-3.2%) 0.82 2,131
    2024-04-01 $375,000 (-2.6%) $496,473 (-3.3%) 0.87 2,253
    2024-05-01 $378,500 (-3.3%) $503,091 (-3.2%) 0.87 2,408
    2024-06-01 $378,900 (-2.8%) $501,013 (-2.1%) 0.85 2,738
    2024-07-01 $361,075 (-6.2%) $481,935 (-6.4%) 0.82 3,017
    2024-08-01 $349,900 (-7.2%) $466,011 (-7.5%) 0.81 3,350
    2024-09-01 $337,450 (-9.9%) $459,533 (-7.9%) 0.79 3,569
    2024-10-01 $331,500 (-7.3%) $450,735 (-7.1%) 0.78 3,663
    2024-11-01 $319,900 (-7.3%) $436,195 (-6.7%) 0.77 3,722
    2024-12-01 $319,450 (-4.7%) $432,641 (-5.2%) 0.79 3,270
    2025-01-01 $319,450 (-3.2%) $435,446 (-3.7%) 0.00 2,902
    Cincinnati's median listing price for 2025-01-01 was $319,450, a difference of $-10,500 (-3.2%) versus the prior year and $0 versus the prior month.

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

    Cincinnati's average listing price for 2025-01-01 was $435,446, a difference of $-16,878 (-3.7%) versus the prior year and $2,805 versus the prior month.

    For the 2025-01-01 period, Cincinnati had 2,902 MLS listings, a difference of -368 listings (-11%) versus the prior month and 469 listings (19%) 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 78 days 1,863 sqft
    2018-02-01 69 days 1,890 sqft
    2018-03-01 48 days 2,011 sqft
    2018-04-01 44 days 2,107 sqft
    2018-05-01 39 days 2,150 sqft
    2018-06-01 40 days 2,132 sqft
    2018-07-01 43 days 2,111 sqft
    2018-08-01 45 days 2,072 sqft
    2018-09-01 49 days 2,022 sqft
    2018-10-01 52 days 1,991 sqft
    2018-11-01 54 days 1,967 sqft
    2018-12-01 64 days 1,936 sqft
    2019-01-01 72 days 1,900 sqft
    2019-02-01 67 days 1,968 sqft
    2019-03-01 51 days 2,017 sqft
    2019-04-01 43 days 2,068 sqft
    2019-05-01 40 days 2,127 sqft
    2019-06-01 42 days 2,125 sqft
    2019-07-01 46 days 2,126 sqft
    2019-08-01 47 days 2,083 sqft
    2019-09-01 49 days 2,038 sqft
    2019-10-01 50 days 2,006 sqft
    2019-11-01 52 days 1,978 sqft
    2019-12-01 64 days 1,944 sqft
    2020-01-01 71 days 1,951 sqft
    2020-02-01 61 days 2,048 sqft
    2020-03-01 45 days 2,107 sqft
    2020-04-01 45 days 2,100 sqft
    2020-05-01 47 days 2,178 sqft
    2020-06-01 45 days 2,217 sqft
    2020-07-01 43 days 2,194 sqft
    2020-08-01 38 days 2,134 sqft
    2020-09-01 37 days 2,060 sqft
    2020-10-01 37 days 2,000 sqft
    2020-11-01 40 days 1,914 sqft
    2020-12-01 52 days 1,895 sqft
    2021-01-01 54 days 1,867 sqft
    2021-02-01 50 days 1,858 sqft
    2021-03-01 33 days 1,871 sqft
    2021-04-01 31 days 1,934 sqft
    2021-05-01 24 days 1,986 sqft
    2021-06-01 24 days 1,935 sqft
    2021-07-01 25 days 1,868 sqft
    2021-08-01 28 days 1,824 sqft
    2021-09-01 33 days 1,802 sqft
    2021-10-01 36 days 1,782 sqft
    2021-11-01 38 days 1,744 sqft
    2021-12-01 46 days 1,692 sqft
    2022-01-01 57 days 1,680 sqft
    2022-02-01 51 days 1,686 sqft
    2022-03-01 31 days 1,699 sqft
    2022-04-01 24 days 1,717 sqft
    2022-05-01 21 days 1,767 sqft
    2022-06-01 22 days 1,810 sqft
    2022-07-01 25 days 1,800 sqft
    2022-08-01 30 days 1,799 sqft
    2022-09-01 36 days 1,808 sqft
    2022-10-01 33 days 1,840 sqft
    2022-11-01 40 days 1,830 sqft
    2022-12-01 51 days 1,804 sqft
    2023-01-01 55 days 1,807 sqft
    2023-02-01 49 days 1,815 sqft
    2023-03-01 38 days 1,829 sqft
    2023-04-01 31 days 1,897 sqft
    2023-05-01 32 days 1,992 sqft
    2023-06-01 30 days 2,000 sqft
    2023-07-01 31 days 1,962 sqft
    2023-08-01 32 days 1,957 sqft
    2023-09-01 32 days 1,957 sqft
    2023-10-01 33 days 1,942 sqft
    2023-11-01 38 days 1,894 sqft
    2023-12-01 44 days 1,831 sqft
    2024-01-01 54 days 1,792 sqft
    2024-02-01 39 days 1,800 sqft
    2024-03-01 37 days 1,851 sqft
    2024-04-01 32 days 1,877 sqft
    2024-05-01 29 days 1,873 sqft
    2024-06-01 30 days 1,886 sqft
    2024-07-01 32 days 1,843 sqft
    2024-08-01 33 days 1,777 sqft
    2024-09-01 38 days 1,759 sqft
    2024-10-01 37 days 1,733 sqft
    2024-11-01 43 days 1,683 sqft
    2024-12-01 52 days 1,666 sqft
    2025-01-01 0 days 1,657 sqft
    Cincinnati's median listing age (time on market) for 2025-01-01 was 0 days. This is -100% shorter than the same period one year ago.

    Cincinnati's median square footage for active listings during the 2025-01-01 period was 1,657 sqft. One year prior, the average listing was 1,792 sqft.