Coldwater USDA Loan Rates, Closing Costs & Stats

Coldwater, MI

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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.

    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 7.25% for the week of 2024-04-19, compared to the national average (all USDA variants) of 6.863% for the same period.

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

    The average rate for the prior week (2024-04-12) was 7% and one month ago for the week of 2024-03-15, the average rate was 6.58%.

    The average rate one year ago was 6.62%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.66%.

    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
    Coldwater's median listing price for 2024-03-01 was $257,400, a difference of $22,500 (9.6%) versus the prior year and $-1,275 versus the prior month.

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

    Coldwater's average listing price for 2024-03-01 was $334,171, a difference of $-13,459 (-3.9%) versus the prior year and $10,654 versus the prior month.

    For the 2024-03-01 period, Coldwater had 94 MLS listings, a difference of -3 listings (-3%) versus the prior month and 17 listings (22%) 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
    Coldwater's median listing age (time on market) for 2024-03-01 was 0 days.

    Coldwater's median square footage for active listings during the 2024-03-01 period was 1,685 sqft. One year prior, the average listing was 1,831 sqft.