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
6.32%
for the week of 2024-12-06, compared to the national average (all USDA variants) of
6.328% for the same period.
Cincinnati's average USDA mortgage closing costs are $5,206.
The average rate for the prior week (2024-11-29) was
6.4% and
one month ago for the week of 2024-11-01, the
average rate was 6.34%.
The average rate one year ago was 6.86%.
For refis of the same type during the week of 2024-12-06, the average rate
was 6.61%.
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.
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. LouisDate | 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 |
2024-05-01 | $383,375 (-1.6%) | $507,104 (-2.2%) | 0.87 | 2,419 |
2024-06-01 | $379,900 (-2.6%) | $505,407 (-1.0%) | 0.85 | 2,768 |
2024-07-01 | $359,500 (-6.2%) | $481,075 (-6.3%) | 0.82 | 3,029 |
2024-08-01 | $349,900 (-6.7%) | $465,165 (-7.4%) | 0.81 | 3,364 |
2024-09-01 | $337,000 (-9.5%) | $458,804 (-7.8%) | 0.79 | 3,582 |
2024-10-01 | $331,460 (-7.0%) | $450,124 (-6.9%) | 0.78 | 3,677 |
2024-11-01 | $319,900 (-7.1%) | $435,991 (-6.4%) | 0.00 | 3,736 |
Cincinnati's median listing price comes in at 0% of the national average.
Cincinnati's average listing price for 2024-11-01 was $435,991, a difference of $-29,593 (-6.4%) versus the prior year and $-14,133 versus the prior month.
For the 2024-11-01 period, Cincinnati had 3,736 MLS listings, a difference of 59 listings (2%) versus the prior month and 708 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. LouisDate | 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 |
2024-05-01 | 29 days | 1,880 sqft |
2024-06-01 | 30 days | 1,876 sqft |
2024-07-01 | 32 days | 1,840 sqft |
2024-08-01 | 33 days | 1,780 sqft |
2024-09-01 | 38 days | 1,755 sqft |
2024-10-01 | 37 days | 1,735 sqft |
2024-11-01 | 0 days | 1,680 sqft |
Cincinnati's median square footage for active listings during the 2024-11-01 period was 1,680 sqft. One year prior, the average listing was 1,888 sqft.