Cincinnati USDA Loans

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 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%).