Coldwater USDA Loan Rates, Closing Costs & Stats

Coldwater, MI

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.

Coldwater's 8 lenders originated 21 USDA loans during 2023. The total origination value was $4,195,000, with an average USDA loan value of $199,762.

Coldwater USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Coldwater averaged 0.29% for the week of 2024-11-29, compared to the national average (all USDA variants) of 0% for the same period.

Coldwater's average USDA mortgage closing costs are $4,826.

The average rate for the prior week (2024-11-22) was 6.79% and one month ago for the week of 2024-10-25, the average rate was 6.69%.

The average rate one year ago was 7.19%.

For refis of the same type during the week of 2024-11-29, the average rate was 0.1%.

Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

Coldwater 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 Coldwater level.

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
UNION HOME MORTGAGE CORP. 8 7.14% $7,916
GVC MORTGAGE, INC. 4 6.75% $8,450
RUOFF MORTGAGE COMPANY, INC. 2 6.56% $2,371
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 6.75% $8,793
SUMMIT HOME MORTGAGE, LLC 1 7.25% $3,240
OAK MORTGAGE, LLC 1 6.88% $4,589
Flagstar Bank, FSB 1 7.25% $6,507
Frankenmuth Credit Union 1 6.63% $4,435

The top Coldwater USDA lender as defined by loan originations is UNION HOME MORTGAGE CORP., with 8 USDA loans originated. Their average total fees are $7,916, which is $534 lower than the next largest lender, GVC MORTGAGE, INC..

The lowest fee Coldwater USDA lenders (with over 10 loans originated) are .

The lowest rate Coldwater USDA lenders (with over 10 loans originated) are .


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Coldwater (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 $129,950 (-10.9%) $209,615 (11.6%) 0.00 156
2018-02-01 $140,650 (-5.1%) $223,001 (9.0%) 0.00 158
2018-03-01 $149,450 (-0.3%) $211,120 (-3.6%) 0.00 152
2018-04-01 $153,400 (2.3%) $213,727 (-4.0%) 0.00 160
2018-05-01 $158,400 (5.7%) $213,840 (-3.7%) 0.00 166
2018-06-01 $161,000 (7.7%) $213,599 (-0.3%) 0.00 166
2018-07-01 $160,950 (7.4%) $212,392 (0.1%) 0.00 179
2018-08-01 $160,825 (3.8%) $212,195 (-0.3%) 0.00 177
2018-09-01 $152,000 (1.4%) $208,986 (-2.0%) 0.00 167
2018-10-01 $161,950 (10.0%) $205,084 (-1.0%) 0.00 159
2018-11-01 $157,000 (5.6%) $197,705 (-6.7%) 0.00 164
2018-12-01 $149,900 (6.5%) $190,658 (-8.4%) 0.00 166
2019-01-01 $145,425 (11.9%) $199,822 (-4.7%) 0.00 145
2019-02-01 $136,900 (-2.7%) $198,104 (-11.2%) 0.00 140
2019-03-01 $141,943 (-5.0%) $200,151 (-5.2%) 0.00 132
2019-04-01 $148,993 (-2.9%) $204,809 (-4.2%) 0.00 133
2019-05-01 $160,225 (1.2%) $222,805 (4.2%) 0.00 131
2019-06-01 $159,900 (-0.7%) $223,954 (4.9%) 0.00 158
2019-07-01 $156,625 (-2.7%) $217,516 (2.4%) 0.00 164
2019-08-01 $148,564 (-7.6%) $210,365 (-0.9%) 0.00 165
2019-09-01 $146,559 (-3.6%) $208,875 (-0.1%) 0.00 166
2019-10-01 $144,975 (-10.5%) $205,583 (0.2%) 0.00 165
2019-11-01 $139,900 (-10.9%) $199,273 (0.8%) 0.00 161
2019-12-01 $138,613 (-7.5%) $205,432 (7.8%) 0.00 161
2020-01-01 $139,450 (-4.1%) $206,607 (3.4%) 0.00 163
2020-02-01 $139,900 (2.2%) $211,958 (7.0%) 0.00 169
2020-03-01 $149,000 (5.0%) $225,414 (12.6%) 0.00 158
2020-04-01 $146,000 (-2.0%) $237,143 (15.8%) 0.00 144
2020-05-01 $156,500 (-2.3%) $248,078 (11.3%) 0.00 139
2020-06-01 $149,800 (-6.3%) $249,355 (11.3%) 0.00 119
2020-07-01 $161,150 (2.9%) $256,894 (18.1%) 0.00 112
2020-08-01 $159,900 (7.6%) $270,220 (28.5%) 0.00 93
2020-09-01 $159,900 (9.1%) $286,437 (37.1%) 0.00 81
2020-10-01 $179,900 (24.1%) $278,581 (35.5%) 0.00 79
2020-11-01 $179,900 (28.6%) $274,698 (37.9%) 0.00 79
2020-12-01 $179,900 (29.8%) $274,044 (33.4%) 0.00 87
2021-01-01 $159,900 (14.7%) $267,224 (29.3%) 0.00 82
2021-02-01 $174,900 (25.0%) $293,856 (38.6%) 0.00 65
2021-03-01 $197,425 (32.5%) $314,868 (39.7%) 0.00 54
2021-04-01 $179,450 (22.9%) $319,652 (34.8%) 0.00 42
2021-05-01 $179,500 (14.7%) $299,847 (20.9%) 0.00 45
2021-06-01 $182,500 (21.8%) $303,049 (21.5%) 0.00 58
2021-07-01 $177,000 (9.8%) $300,735 (17.1%) 0.00 60
2021-08-01 $177,875 (11.2%) $304,801 (12.8%) 0.00 64
2021-09-01 $168,600 (5.4%) $267,710 (-6.5%) 0.00 66
2021-10-01 $179,000 (-0.5%) $303,323 (8.9%) 0.00 65
2021-11-01 $193,700 (7.7%) $297,918 (8.5%) 0.00 71
2021-12-01 $199,000 (10.6%) $302,006 (10.2%) 0.00 65
2022-01-01 $199,000 (24.5%) $297,545 (11.4%) 0.00 56
2022-02-01 $208,675 (19.3%) $310,779 (5.8%) 0.00 51
2022-03-01 $203,450 (3.1%) $283,048 (-10.1%) 0.00 44
2022-04-01 $204,950 (14.2%) $299,089 (-6.4%) 0.00 49
2022-05-01 $231,950 (29.2%) $305,563 (1.9%) 0.00 68
2022-06-01 $266,950 (46.3%) $323,919 (6.9%) 0.00 78
2022-07-01 $239,900 (35.5%) $314,394 (4.5%) 0.00 102
2022-08-01 $238,425 (34.0%) $321,617 (5.5%) 0.00 108
2022-09-01 $239,675 (42.2%) $322,903 (20.6%) 0.00 110
2022-10-01 $234,900 (31.2%) $326,754 (7.7%) 0.00 105
2022-11-01 $238,675 (23.2%) $326,518 (9.6%) 0.00 98
2022-12-01 $229,900 (15.5%) $318,975 (5.6%) 0.00 83
2023-01-01 $229,675 (15.4%) $303,539 (2.0%) 0.00 84
2023-02-01 $227,975 (9.3%) $312,571 (0.6%) 0.00 82
2023-03-01 $234,900 (15.5%) $347,630 (22.8%) 0.00 77
2023-04-01 $240,000 (17.1%) $350,829 (17.3%) 0.00 70
2023-05-01 $249,000 (7.4%) $333,771 (9.2%) 0.00 70
2023-06-01 $288,638 (8.1%) $339,468 (4.8%) 0.00 70
2023-07-01 $281,950 (17.5%) $319,413 (1.6%) 0.00 71
2023-08-01 $286,175 (20.0%) $324,034 (0.8%) 0.00 78
2023-09-01 $259,900 (8.4%) $330,173 (2.3%) 0.00 76
2023-10-01 $247,450 (5.3%) $325,106 (-0.5%) 0.00 86
2023-11-01 $236,725 (-0.8%) $305,127 (-6.6%) 0.00 76
2023-12-01 $239,000 (4.0%) $299,271 (-6.2%) 0.00 78
2024-01-01 $269,900 (17.5%) $315,447 (3.9%) 0.00 87
2024-02-01 $258,675 (13.5%) $323,517 (3.5%) 0.00 97
2024-03-01 $257,400 (9.6%) $334,171 (-3.9%) 0.00 94
2024-04-01 $264,900 (10.4%) $361,528 (3.1%) 0.00 96
2024-05-01 $274,950 (10.4%) $372,406 (11.6%) 0.00 97
2024-06-01 $280,000 (-3.0%) $367,076 (8.1%) 0.00 85
2024-07-01 $274,974 (-2.5%) $354,252 (10.9%) 0.00 94
2024-08-01 $265,000 (-7.4%) $341,502 (5.4%) 0.00 93
2024-09-01 $251,175 (-3.4%) $324,689 (-1.7%) 0.00 101
2024-10-01 $245,950 (-0.6%) $312,384 (-3.9%) 0.00 110
Coldwater's median listing price for 2024-10-01 was $245,950, a difference of $-1,500 (-0.6%) versus the prior year and $-5,225 versus the prior month.

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

Coldwater's average listing price for 2024-10-01 was $312,384, a difference of $-12,722 (-3.9%) versus the prior year and $-12,305 versus the prior month.

For the 2024-10-01 period, Coldwater had 110 MLS listings, a difference of 9 listings (9%) versus the prior month and 24 listings (28%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Coldwater (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,590 sqft
2018-02-01 0 days 1,590 sqft
2018-03-01 0 days 1,600 sqft
2018-04-01 0 days 1,591 sqft
2018-05-01 0 days 1,582 sqft
2018-06-01 0 days 1,560 sqft
2018-07-01 0 days 1,600 sqft
2018-08-01 0 days 1,603 sqft
2018-09-01 0 days 1,600 sqft
2018-10-01 0 days 1,600 sqft
2018-11-01 0 days 1,600 sqft
2018-12-01 0 days 1,584 sqft
2019-01-01 0 days 1,613 sqft
2019-02-01 0 days 1,600 sqft
2019-03-01 0 days 1,594 sqft
2019-04-01 0 days 1,600 sqft
2019-05-01 0 days 1,632 sqft
2019-06-01 0 days 1,600 sqft
2019-07-01 0 days 1,624 sqft
2019-08-01 0 days 1,601 sqft
2019-09-01 0 days 1,650 sqft
2019-10-01 0 days 1,683 sqft
2019-11-01 0 days 1,688 sqft
2019-12-01 0 days 1,670 sqft
2020-01-01 0 days 1,688 sqft
2020-02-01 0 days 1,664 sqft
2020-03-01 0 days 1,682 sqft
2020-04-01 0 days 1,679 sqft
2020-05-01 0 days 1,672 sqft
2020-06-01 0 days 1,600 sqft
2020-07-01 0 days 1,650 sqft
2020-08-01 0 days 1,706 sqft
2020-09-01 0 days 1,759 sqft
2020-10-01 0 days 1,693 sqft
2020-11-01 0 days 1,640 sqft
2020-12-01 0 days 1,646 sqft
2021-01-01 0 days 1,546 sqft
2021-02-01 0 days 1,682 sqft
2021-03-01 0 days 1,659 sqft
2021-04-01 0 days 1,581 sqft
2021-05-01 0 days 1,530 sqft
2021-06-01 0 days 1,600 sqft
2021-07-01 0 days 1,526 sqft
2021-08-01 0 days 1,765 sqft
2021-09-01 0 days 1,630 sqft
2021-10-01 0 days 1,743 sqft
2021-11-01 0 days 1,813 sqft
2021-12-01 0 days 1,800 sqft
2022-01-01 0 days 1,800 sqft
2022-02-01 0 days 1,855 sqft
2022-03-01 0 days 1,831 sqft
2022-04-01 0 days 1,726 sqft
2022-05-01 0 days 1,805 sqft
2022-06-01 0 days 1,971 sqft
2022-07-01 0 days 1,826 sqft
2022-08-01 0 days 1,697 sqft
2022-09-01 0 days 1,838 sqft
2022-10-01 0 days 1,876 sqft
2022-11-01 0 days 1,869 sqft
2022-12-01 0 days 1,760 sqft
2023-01-01 0 days 1,800 sqft
2023-02-01 0 days 1,800 sqft
2023-03-01 0 days 1,831 sqft
2023-04-01 0 days 1,800 sqft
2023-05-01 0 days 1,782 sqft
2023-06-01 0 days 1,774 sqft
2023-07-01 0 days 1,586 sqft
2023-08-01 0 days 1,601 sqft
2023-09-01 0 days 1,600 sqft
2023-10-01 0 days 1,570 sqft
2023-11-01 0 days 1,526 sqft
2023-12-01 0 days 1,570 sqft
2024-01-01 0 days 1,723 sqft
2024-02-01 0 days 1,617 sqft
2024-03-01 0 days 1,685 sqft
2024-04-01 0 days 1,711 sqft
2024-05-01 0 days 1,853 sqft
2024-06-01 0 days 1,800 sqft
2024-07-01 0 days 1,714 sqft
2024-08-01 0 days 1,722 sqft
2024-09-01 0 days 1,650 sqft
2024-10-01 0 days 1,594 sqft
Coldwater's median listing age (time on market) for 2024-10-01 was 0 days.

Coldwater's median square footage for active listings during the 2024-10-01 period was 1,594 sqft. One year prior, the average listing was 1,570 sqft.