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 52 lenders originated 203 USDA loans during 2024. The total origination value was $43,925,000, with an average USDA loan value of $216,379.

    Cincinnati USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Cincinnati averaged 0.24% for the week of 2025-06-20, compared to the national average (all USDA variants) of 0% for the same period.

    Cincinnati's average USDA mortgage closing costs are $5,326.

    The average rate for the prior week (2025-06-13) was 6.94% and one month ago for the week of 2025-05-16, the average rate was 6.51%.

    The average rate one year ago was 6.83%.

    For refis of the same type during the week of 2025-06-20, 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 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    CROSSCOUNTRY MORTGAGE, LLC 28 6.53% $9,325
    AMERICAN PACIFIC MORTGAGE CORPORATION 18 7.04% $7,679
    UNION HOME MORTGAGE CORP. 17 6.81% $7,182
    Paramount Residential Mortgage Group, Inc. 11 6.76% $7,841
    STOCKTON MORTGAGE CORPORATION 10 6.70% $8,063
    NATIONS RELIABLE LENDING, LLC 10 6.42% $6,893
    RAPID MORTGAGE COMPANY 9 6.76% $8,508
    UNITED WHOLESALE MORTGAGE, LLC 8 6.30% $7,715
    SUCCESS MORTGAGE PARTNERS, INC. 7 6.34% $9,068
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 6 6.67% $7,173
    DAS Acquisition Company, LLC 5 6.08% $11,047
    FIRST COMMUNITY MORTGAGE, INC. 4 6.69% $7,088
    GUARANTEED RATE, INC. 4 6.54% $7,005
    PRIMELENDING, A PLAINSCAPITAL COMPANY 4 6.56% $7,782
    EMM LOANS LLC 4 6.06% $9,647
    T2 FINANCIAL LLC 4 6.94% $7,867
    VICTORY MORTGAGE, L.L.C. 4 5.78% $7,453
    POLARIS HOME FUNDING CORP. 3 6.67% $8,316
    Bank of England 3 6.46% $8,279
    RiverHills Bank 3 6.75% $6,753
    LEADERONE FINANCIAL CORPORATION 2 5.94% $10,263
    AMERICAN FINANCIAL RESOURCES, INC. 2 6.69% $7,705
    BAYSHORE MORTGAGE FUNDING, LLC 2 6.38% $8,953
    Heartland Bank 2 6.19% $4,838
    Union Savings Bank 2 6.50% $8,080
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 2 6.75% $5,818
    NVR Mortgage Finance, Inc. 1 5.63% $15,823
    CARDINAL FINANCIAL 1 7.25% $5,883
    Carrington Mortgage Services, LLC 1 6.50% $9,053
    Fifth Third Bank 1 5.63% $5,243
    FIRST EQUITY MORTGAGE INCORPORATED 1 5.50% $14,620
    First Financial Bank 1 7.13% $4,856
    Flagstar Bank, FSB 1 6.52% $4,815
    Gateway First Bank 1 6.13% $5,931
    GMFS LLC 1 5.88% $3,598
    Guardian Savings Bank, A Federal Savings Bank 1 6.50% $4,750
    HOMESIDE FINANCIAL, LLC 1 6.63% $6,311
    INTERLINC MORTGAGE SERVICES, LLC 1 7.13% $2,125
    LOANDEPOT.COM, LLC 1 6.63% $6,177
    MID AMERICA MORTGAGE, INC. 1 7.00% $3,634
    Mortgage Research Center, LLC 1 7.25% $3,919
    MOVEMENT MORTGAGE, LLC 1 6.63% $10,500
    Nations Lending Corporation 1 7.75% $2,878
    NEWREZ LLC 1 6.00% $11,473
    AMERICAN FINANCIAL NETWORK, INC. 1 6.50% $6,095
    Plains Commerce Bank 1 5.75% $7,110
    PRIMARY RESIDENTIAL MORTGAGE, INC. 1 6.63% $6,836
    S1L, Inc. 1 6.75% $10,249
    Somerville Bank 1 8.38% $2,425
    The Huntington National Bank 1 6.63% $6,854
    The Park National Bank 1 6.88% $7,121
    The State Bank and Trust Company 1 5.88% $5,619

    The top Cincinnati USDA lender as defined by loan originations is CROSSCOUNTRY MORTGAGE, LLC, with 28 USDA loans originated. Their average total fees are $9,325, which is $1,646 higher than the next largest lender, AMERICAN PACIFIC MORTGAGE CORPORATION.

    The lowest fee Cincinnati USDA lenders (with over 10 loans originated) are NATIONS RELIABLE LENDING, LLC ($6,893), UNION HOME MORTGAGE CORP. ($7,182), AMERICAN PACIFIC MORTGAGE CORPORATION ($7,679), Paramount Residential Mortgage Group, Inc. ($7,841) and STOCKTON MORTGAGE CORPORATION ($8,063).

    The lowest rate Cincinnati USDA lenders (with over 10 loans originated) are NATIONS RELIABLE LENDING, LLC (6.42%), CROSSCOUNTRY MORTGAGE, LLC (6.53%), STOCKTON MORTGAGE CORPORATION (6.70%), Paramount Residential Mortgage Group, Inc. (6.76%) and UNION HOME MORTGAGE CORP. (6.81%).