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 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 6.85% for the week of 2024-05-17, compared to the national average (all USDA variants) of 6.75% for the same period.

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

The average rate for the prior week (2024-05-10) was 6.88% and one month ago for the week of 2024-04-12, the average rate was 6.51%.

The average rate one year ago was 6.29%.

For refis of the same type during the week of 2024-05-17, the average rate was 7.04%.

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 $222,500 (20.7%) $307,339 (9.9%) 0.82 5,218
2018-02-01 $237,000 (23.9%) $319,983 (11.1%) 0.86 5,010
2018-03-01 $255,000 (20.3%) $344,718 (12.8%) 0.89 4,838
2018-04-01 $268,950 (17.5%) $354,734 (11.7%) 0.91 5,011
2018-05-01 $274,900 (14.8%) $358,952 (11.3%) 0.92 5,302
2018-06-01 $269,900 (12.5%) $352,269 (9.0%) 0.90 5,805
2018-07-01 $269,900 (12.5%) $349,730 (9.3%) 0.90 6,180
2018-08-01 $259,418 (9.5%) $341,535 (7.7%) 0.87 6,449
2018-09-01 $254,690 (8.4%) $336,675 (6.3%) 0.86 6,630
2018-10-01 $249,900 (10.1%) $332,396 (6.4%) 0.85 6,708
2018-11-01 $245,450 (9.1%) $328,228 (6.3%) 0.83 6,595
2018-12-01 $239,900 (9.1%) $328,874 (7.9%) 0.83 5,922
2019-01-01 $239,450 (7.6%) $324,059 (5.4%) 0.83 5,386
2019-02-01 $252,450 (6.5%) $341,348 (6.7%) 0.85 4,951
2019-03-01 $266,371 (4.5%) $353,633 (2.6%) 0.87 4,923
2019-04-01 $277,450 (3.2%) $365,085 (2.9%) 0.88 4,960
2019-05-01 $289,900 (5.5%) $375,756 (4.7%) 0.91 5,143
2019-06-01 $285,000 (5.6%) $371,223 (5.4%) 0.89 5,255
2019-07-01 $282,450 (4.7%) $367,857 (5.2%) 0.88 5,398
2019-08-01 $275,836 (6.3%) $360,267 (5.5%) 0.87 5,479
2019-09-01 $269,741 (5.9%) $355,702 (5.7%) 0.86 5,495
2019-10-01 $265,208 (6.1%) $352,658 (6.1%) 0.86 5,493
2019-11-01 $259,900 (5.9%) $345,346 (5.2%) 0.85 5,173
2019-12-01 $259,000 (8.0%) $342,009 (4.0%) 0.86 4,605
2020-01-01 $264,500 (10.5%) $346,436 (6.9%) 0.88 4,108
2020-02-01 $279,900 (10.9%) $368,272 (7.9%) 0.92 3,598
2020-03-01 $299,000 (12.3%) $384,791 (8.8%) 0.94 3,506
2020-04-01 $299,450 (7.9%) $383,323 (5.0%) 0.94 3,565
2020-05-01 $324,900 (12.1%) $399,801 (6.4%) 0.99 3,432
2020-06-01 $334,225 (17.3%) $420,800 (13.4%) 0.98 3,165
2020-07-01 $336,950 (19.3%) $428,223 (16.4%) 0.98 2,926
2020-08-01 $322,282 (16.8%) $425,901 (18.2%) 0.92 2,956
2020-09-01 $315,005 (16.8%) $425,724 (19.7%) 0.90 3,004
2020-10-01 $299,900 (13.1%) $417,208 (18.3%) 0.86 3,058
2020-11-01 $290,510 (11.8%) $408,504 (18.3%) 0.85 2,959
2020-12-01 $292,450 (12.9%) $414,041 (21.1%) 0.87 2,570
2021-01-01 $299,900 (13.4%) $427,965 (23.5%) 0.90 2,178
2021-02-01 $317,300 (13.4%) $441,337 (19.8%) 0.92 1,783
2021-03-01 $325,000 (8.7%) $453,223 (17.8%) 0.92 1,715
2021-04-01 $347,400 (16.0%) $479,569 (25.1%) 0.94 1,690
2021-05-01 $356,900 (9.9%) $489,372 (22.4%) 0.95 1,861
2021-06-01 $348,458 (4.3%) $480,220 (14.1%) 0.92 2,102
2021-07-01 $325,000 (-3.6%) $455,528 (6.4%) 0.86 2,497
2021-08-01 $315,995 (-2.0%) $433,994 (1.9%) 0.84 2,829
2021-09-01 $304,950 (-3.2%) $429,369 (0.9%) 0.81 2,853
2021-10-01 $300,000 (0.0%) $426,638 (2.3%) 0.80 2,715
2021-11-01 $299,450 (3.1%) $420,985 (3.1%) 0.80 2,464
2021-12-01 $296,950 (1.5%) $426,952 (3.1%) 0.80 2,127
2022-01-01 $299,900 (0.0%) $435,203 (1.7%) 0.81 1,806
2022-02-01 $322,000 (1.5%) $461,596 (4.6%) 0.84 1,446
2022-03-01 $319,450 (-1.7%) $458,633 (1.2%) 0.80 1,401
2022-04-01 $324,800 (-6.5%) $453,574 (-5.4%) 0.77 1,469
2022-05-01 $324,950 (-9.0%) $449,609 (-8.1%) 0.74 1,855
2022-06-01 $325,000 (-6.7%) $449,907 (-6.3%) 0.72 2,159
2022-07-01 $315,000 (-3.1%) $435,575 (-4.4%) 0.71 2,530
2022-08-01 $322,375 (2.0%) $435,786 (0.4%) 0.75 2,604
2022-09-01 $325,000 (6.6%) $443,643 (3.3%) 0.76 2,510
2022-10-01 $324,900 (8.3%) $443,816 (4.0%) 0.76 2,745
2022-11-01 $325,000 (8.5%) $444,280 (5.5%) 0.78 2,715
2022-12-01 $325,000 (9.5%) $446,899 (4.7%) 0.80 2,353
2023-01-01 $327,450 (9.2%) $452,234 (3.9%) 0.81 2,050
2023-02-01 $359,950 (11.8%) $489,466 (6.0%) 0.87 1,736
2023-03-01 $367,347 (15.0%) $505,645 (10.3%) 0.87 1,672
2023-04-01 $385,000 (18.5%) $511,811 (12.8%) 0.90 1,838
2023-05-01 $389,500 (19.9%) $518,492 (15.3%) 0.88 1,906
2023-06-01 $389,900 (20.0%) $510,455 (13.5%) 0.88 2,124
2023-07-01 $383,367 (21.7%) $513,414 (17.9%) 0.87 2,250
2023-08-01 $375,000 (16.3%) $502,303 (15.3%) 0.86 2,425
2023-09-01 $372,500 (14.6%) $497,661 (12.2%) 0.87 2,664
2023-10-01 $356,450 (9.7%) $483,367 (8.9%) 0.84 2,924
2023-11-01 $344,153 (5.9%) $465,584 (4.8%) 0.82 3,028
2023-12-01 $335,000 (3.1%) $454,966 (1.8%) 0.82 2,773
2024-01-01 $329,900 (0.8%) $451,122 (-0.3%) 0.81 2,451
2024-02-01 $336,850 (-6.4%) $469,102 (-4.2%) 0.81 2,190
2024-03-01 $350,000 (-4.7%) $489,433 (-3.2%) 0.82 2,142
2024-04-01 $374,998 (-2.6%) $495,292 (-3.2%) 0.87 2,264
Cincinnati's median listing price for 2024-04-01 was $374,998, a difference of $-10,002 (-2.6%) versus the prior year and $24,998 versus the prior month.

Cincinnati's median listing price comes in at 87% of the national average.

Cincinnati's average listing price for 2024-04-01 was $495,292, a difference of $-16,519 (-3.2%) versus the prior year and $5,859 versus the prior month.

For the 2024-04-01 period, Cincinnati had 2,264 MLS listings, a difference of 122 listings (6%) versus the prior month and 426 listings (23%) 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 1,860 sqft
2018-02-01 69 days 1,886 sqft
2018-03-01 48 days 2,008 sqft
2018-04-01 44 days 2,100 sqft
2018-05-01 39 days 2,142 sqft
2018-06-01 40 days 2,120 sqft
2018-07-01 43 days 2,106 sqft
2018-08-01 45 days 2,068 sqft
2018-09-01 49 days 2,019 sqft
2018-10-01 52 days 1,985 sqft
2018-11-01 54 days 1,956 sqft
2018-12-01 64 days 1,925 sqft
2019-01-01 72 days 1,897 sqft
2019-02-01 67 days 1,963 sqft
2019-03-01 51 days 2,011 sqft
2019-04-01 43 days 2,057 sqft
2019-05-01 40 days 2,119 sqft
2019-06-01 42 days 2,119 sqft
2019-07-01 46 days 2,114 sqft
2019-08-01 47 days 2,071 sqft
2019-09-01 49 days 2,031 sqft
2019-10-01 50 days 2,000 sqft
2019-11-01 52 days 1,971 sqft
2019-12-01 64 days 1,937 sqft
2020-01-01 71 days 1,943 sqft
2020-02-01 61 days 2,032 sqft
2020-03-01 45 days 2,096 sqft
2020-04-01 45 days 2,091 sqft
2020-05-01 47 days 2,177 sqft
2020-06-01 45 days 2,211 sqft
2020-07-01 43 days 2,188 sqft
2020-08-01 38 days 2,122 sqft
2020-09-01 37 days 2,046 sqft
2020-10-01 37 days 1,997 sqft
2020-11-01 40 days 1,899 sqft
2020-12-01 52 days 1,883 sqft
2021-01-01 54 days 1,842 sqft
2021-02-01 50 days 1,832 sqft
2021-03-01 33 days 1,860 sqft
2021-04-01 31 days 1,934 sqft
2021-05-01 24 days 1,993 sqft
2021-06-01 24 days 1,942 sqft
2021-07-01 25 days 1,861 sqft
2021-08-01 28 days 1,812 sqft
2021-09-01 33 days 1,792 sqft
2021-10-01 36 days 1,762 sqft
2021-11-01 38 days 1,731 sqft
2021-12-01 46 days 1,680 sqft
2022-01-01 57 days 1,680 sqft
2022-02-01 51 days 1,674 sqft
2022-03-01 31 days 1,686 sqft
2022-04-01 24 days 1,687 sqft
2022-05-01 21 days 1,749 sqft
2022-06-01 22 days 1,802 sqft
2022-07-01 25 days 1,791 sqft
2022-08-01 30 days 1,784 sqft
2022-09-01 36 days 1,792 sqft
2022-10-01 33 days 1,836 sqft
2022-11-01 40 days 1,828 sqft
2022-12-01 51 days 1,800 sqft
2023-01-01 55 days 1,811 sqft
2023-02-01 49 days 1,821 sqft
2023-03-01 38 days 1,836 sqft
2023-04-01 31 days 1,914 sqft
2023-05-01 32 days 2,006 sqft
2023-06-01 30 days 2,005 sqft
2023-07-01 31 days 1,974 sqft
2023-08-01 32 days 1,968 sqft
2023-09-01 32 days 1,973 sqft
2023-10-01 33 days 1,937 sqft
2023-11-01 38 days 1,888 sqft
2023-12-01 44 days 1,830 sqft
2024-01-01 54 days 1,789 sqft
2024-02-01 39 days 1,796 sqft
2024-03-01 37 days 1,847 sqft
2024-04-01 32 days 1,878 sqft
Cincinnati's median listing age (time on market) for 2024-04-01 was 32 days. This is 3% longer than the same period one year ago.

Cincinnati's median square footage for active listings during the 2024-04-01 period was 1,878 sqft. One year prior, the average listing was 1,914 sqft.