Connersville USDA Loan Rates, Closing Costs & Stats
Connersville, 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.
Connersville's 11 lenders originated 44 USDA loans during 2023. The total origination value was $5,160,000, with an average USDA loan value of $117,273.
Connersville USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Connersville
averaged
6.92%
for the week of 2024-04-19, compared to the national average (all USDA variants) of
6.863% for the same period.
Connersville's average USDA mortgage closing costs are $3,858.
The average rate for the prior week (2024-04-12) was
6.77% and
one month ago for the week of 2024-03-15, the
average rate was 6.55%.
The average rate one year ago was 6.39%.
For refis of the same type during the week of 2024-04-19, the average rate
was 6.86%.
Connersville 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 Connersville level.
| Name | # of Loans | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
|---|---|---|---|
| NEWREZ LLC | 16 | 6.80% | $3,244 |
| AMERICAN PACIFIC MORTGAGE CORPORATION | 12 | 6.88% | $5,689 |
| MID AMERICA MORTGAGE, INC. | 6 | 6.96% | $4,497 |
| THRIVE MORTGAGE, LLC | 2 | 6.69% | $3,864 |
| FIRST COMMUNITY MORTGAGE, INC. | 1 | 7.00% | $1,384 |
| First Financial Bank | 1 | 6.50% | $4,355 |
| Flagstar Bank, FSB | 1 | 6.25% | $7,243 |
| Fifth Third Bank | 1 | 5.75% | $4,281 |
| DAS Acquisition Company, LLC | 1 | 6.75% | $5,936 |
| RUOFF MORTGAGE COMPANY, INC. | 1 | 6.50% | $1,313 |
| BROKER SOLUTIONS, INC. | 1 | 6.75% | $5,412 |
The top Connersville USDA lender as defined by loan originations is NEWREZ LLC, with
16 USDA loans originated. Their average total fees are
$3,244, which is $2,444
lower than the next largest lender,
AMERICAN PACIFIC MORTGAGE CORPORATION.
The lowest fee Connersville USDA lenders (with over 10 loans originated) are
NEWREZ LLC ($3,244), AMERICAN PACIFIC MORTGAGE CORPORATION ($5,689), .
The lowest rate Connersville USDA lenders (with over 10 loans originated) are
NEWREZ LLC (6.80%), AMERICAN PACIFIC MORTGAGE CORPORATION (6.88%), .
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Connersville (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 | $59,900 (-14.4%) | $81,496 (-23.8%) | 0.00 | 72 |
| 2018-02-01 | $56,200 (-18.8%) | $86,585 (-17.3%) | 0.00 | 68 |
| 2018-03-01 | $69,900 (1.0%) | $107,907 (1.9%) | 0.00 | 64 |
| 2018-04-01 | $69,950 (0.4%) | $106,876 (0.7%) | 0.00 | 61 |
| 2018-05-01 | $69,725 (1.0%) | $101,684 (10.9%) | 0.00 | 72 |
| 2018-06-01 | $65,900 (-6.7%) | $95,446 (0.5%) | 0.00 | 90 |
| 2018-07-01 | $71,175 (1.7%) | $105,429 (10.0%) | 0.00 | 92 |
| 2018-08-01 | $69,925 (-1.8%) | $102,703 (7.7%) | 0.00 | 100 |
| 2018-09-01 | $74,900 (20.8%) | $115,637 (27.2%) | 0.00 | 101 |
| 2018-10-01 | $74,900 (15.4%) | $119,734 (14.4%) | 0.00 | 93 |
| 2018-11-01 | $69,900 (6.5%) | $123,182 (21.6%) | 0.00 | 87 |
| 2018-12-01 | $79,200 (32.2%) | $122,688 (38.8%) | 0.00 | 82 |
| 2019-01-01 | $76,200 (27.2%) | $113,434 (39.2%) | 0.00 | 76 |
| 2019-02-01 | $74,950 (33.4%) | $113,572 (31.2%) | 0.00 | 80 |
| 2019-03-01 | $70,586 (1.0%) | $110,540 (2.4%) | 0.00 | 73 |
| 2019-04-01 | $71,386 (2.1%) | $108,967 (2.0%) | 0.00 | 66 |
| 2019-05-01 | $79,900 (14.6%) | $119,528 (17.6%) | 0.00 | 64 |
| 2019-06-01 | $72,000 (9.3%) | $124,644 (30.6%) | 0.00 | 72 |
| 2019-07-01 | $69,900 (-1.8%) | $114,066 (8.2%) | 0.00 | 97 |
| 2019-08-01 | $69,900 (0.0%) | $111,653 (8.7%) | 0.00 | 94 |
| 2019-09-01 | $69,900 (-6.7%) | $105,909 (-8.4%) | 0.00 | 91 |
| 2019-10-01 | $70,900 (-5.3%) | $103,568 (-13.5%) | 0.00 | 86 |
| 2019-11-01 | $76,000 (8.7%) | $98,996 (-19.6%) | 0.00 | 78 |
| 2019-12-01 | $66,900 (-15.5%) | $108,409 (-11.6%) | 0.00 | 77 |
| 2020-01-01 | $64,600 (-15.2%) | $111,186 (-2.0%) | 0.00 | 71 |
| 2020-02-01 | $64,500 (-13.9%) | $113,306 (-0.2%) | 0.00 | 63 |
| 2020-03-01 | $67,675 (-4.1%) | $114,554 (3.6%) | 0.00 | 57 |
| 2020-04-01 | $69,900 (-2.1%) | $107,123 (-1.7%) | 0.00 | 57 |
| 2020-05-01 | $69,900 (-12.5%) | $114,434 (-4.3%) | 0.00 | 49 |
| 2020-06-01 | $67,025 (-6.9%) | $109,544 (-12.1%) | 0.00 | 46 |
| 2020-07-01 | $68,225 (-2.4%) | $121,495 (6.5%) | 0.00 | 44 |
| 2020-08-01 | $65,000 (-7.0%) | $136,955 (22.7%) | 0.00 | 37 |
| 2020-09-01 | $77,550 (10.9%) | $115,440 (9.0%) | 0.00 | 37 |
| 2020-10-01 | $84,900 (19.8%) | $122,235 (18.0%) | 0.00 | 44 |
| 2020-11-01 | $79,700 (4.9%) | $97,569 (-1.4%) | 0.00 | 40 |
| 2020-12-01 | $77,725 (16.2%) | $103,238 (-4.8%) | 0.00 | 35 |
| 2021-01-01 | $94,700 (46.6%) | $118,002 (6.1%) | 0.00 | 32 |
| 2021-02-01 | $85,350 (32.3%) | $143,345 (26.5%) | 0.00 | 35 |
| 2021-03-01 | $79,900 (18.1%) | $117,422 (2.5%) | 0.00 | 31 |
| 2021-04-01 | $71,975 (3.0%) | $124,573 (16.3%) | 0.00 | 23 |
| 2021-05-01 | $95,000 (35.9%) | $134,741 (17.8%) | 0.00 | 23 |
| 2021-06-01 | $112,200 (67.4%) | $142,138 (29.8%) | 0.00 | 35 |
| 2021-07-01 | $114,950 (68.5%) | $158,119 (30.1%) | 0.00 | 31 |
| 2021-08-01 | $137,400 (111.4%) | $157,670 (15.1%) | 0.00 | 42 |
| 2021-09-01 | $119,875 (54.6%) | $155,558 (34.8%) | 0.00 | 37 |
| 2021-10-01 | $139,900 (64.8%) | $152,548 (24.8%) | 0.00 | 37 |
| 2021-11-01 | $106,200 (33.3%) | $136,038 (39.4%) | 0.00 | 32 |
| 2021-12-01 | $131,725 (69.5%) | $155,005 (50.1%) | 0.00 | 28 |
| 2022-01-01 | $149,900 (58.3%) | $173,081 (46.7%) | 0.00 | 34 |
| 2022-02-01 | $165,925 (94.4%) | $178,424 (24.5%) | 0.00 | 22 |
| 2022-03-01 | $176,400 (120.8%) | $197,867 (68.5%) | 0.00 | 23 |
| 2022-04-01 | $135,000 (87.6%) | $187,024 (50.1%) | 0.00 | 23 |
| 2022-05-01 | $148,675 (56.5%) | $171,769 (27.5%) | 0.00 | 33 |
| 2022-06-01 | $121,950 (8.7%) | $142,594 (0.3%) | 0.00 | 45 |
| 2022-07-01 | $110,000 (-4.3%) | $138,588 (-12.4%) | 0.00 | 45 |
| 2022-08-01 | $127,450 (-7.2%) | $160,838 (2.0%) | 0.00 | 51 |
| 2022-09-01 | $157,400 (31.3%) | $190,631 (22.6%) | 0.00 | 55 |
| 2022-10-01 | $157,400 (12.5%) | $191,088 (25.3%) | 0.00 | 59 |
| 2022-11-01 | $157,900 (48.7%) | $174,422 (28.2%) | 0.00 | 55 |
| 2022-12-01 | $155,000 (17.7%) | $179,836 (16.0%) | 0.00 | 53 |
| 2023-01-01 | $147,425 (-1.7%) | $162,854 (-5.9%) | 0.00 | 48 |
| 2023-02-01 | $131,950 (-20.5%) | $158,472 (-11.2%) | 0.00 | 45 |
| 2023-03-01 | $134,975 (-23.5%) | $170,155 (-14.0%) | 0.00 | 54 |
| 2023-04-01 | $119,900 (-11.2%) | $180,641 (-3.4%) | 0.00 | 44 |
| 2023-05-01 | $165,175 (11.1%) | $194,267 (13.1%) | 0.00 | 49 |
| 2023-06-01 | $192,175 (57.6%) | $210,887 (47.9%) | 0.00 | 47 |
| 2023-07-01 | $189,900 (72.6%) | $216,243 (56.0%) | 0.00 | 43 |
| 2023-08-01 | $189,900 (49.0%) | $206,689 (28.5%) | 0.00 | 37 |
| 2023-09-01 | $184,900 (17.5%) | $201,329 (5.6%) | 0.00 | 39 |
| 2023-10-01 | $199,900 (27.0%) | $208,728 (9.2%) | 0.00 | 43 |
| 2023-11-01 | $182,400 (15.5%) | $198,321 (13.7%) | 0.00 | 40 |
| 2023-12-01 | $179,000 (15.5%) | $202,097 (12.4%) | 0.00 | 38 |
| 2024-01-01 | $179,675 (21.9%) | $206,994 (27.1%) | 0.00 | 46 |
| 2024-02-01 | $164,400 (24.6%) | $184,024 (16.1%) | 0.00 | 49 |
| 2024-03-01 | $159,900 (18.5%) | $191,733 (12.7%) | 0.00 | 46 |
Connersville's median listing price comes in at 0% of the national average.
Connersville's average listing price for 2024-03-01 was $191,733, a difference of $21,578 (12.7%) versus the prior year and $7,709 versus the prior month.
For the 2024-03-01 period, Connersville had 46 MLS listings, a difference of -3 listings (-6%) versus the prior month and -8 listings (-15%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Connersville (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 0 days | 1,384 sqft |
| 2018-02-01 | 0 days | 1,447 sqft |
| 2018-03-01 | 0 days | 1,477 sqft |
| 2018-04-01 | 0 days | 1,421 sqft |
| 2018-05-01 | 0 days | 1,410 sqft |
| 2018-06-01 | 0 days | 1,378 sqft |
| 2018-07-01 | 0 days | 1,484 sqft |
| 2018-08-01 | 0 days | 1,474 sqft |
| 2018-09-01 | 0 days | 1,484 sqft |
| 2018-10-01 | 0 days | 1,448 sqft |
| 2018-11-01 | 0 days | 1,440 sqft |
| 2018-12-01 | 0 days | 1,440 sqft |
| 2019-01-01 | 0 days | 1,328 sqft |
| 2019-02-01 | 0 days | 1,381 sqft |
| 2019-03-01 | 0 days | 1,383 sqft |
| 2019-04-01 | 0 days | 1,389 sqft |
| 2019-05-01 | 0 days | 1,512 sqft |
| 2019-06-01 | 0 days | 1,490 sqft |
| 2019-07-01 | 0 days | 1,391 sqft |
| 2019-08-01 | 0 days | 1,422 sqft |
| 2019-09-01 | 0 days | 1,469 sqft |
| 2019-10-01 | 0 days | 1,497 sqft |
| 2019-11-01 | 0 days | 1,466 sqft |
| 2019-12-01 | 0 days | 1,540 sqft |
| 2020-01-01 | 0 days | 1,528 sqft |
| 2020-02-01 | 0 days | 1,506 sqft |
| 2020-03-01 | 0 days | 1,552 sqft |
| 2020-04-01 | 0 days | 1,522 sqft |
| 2020-05-01 | 0 days | 1,512 sqft |
| 2020-06-01 | 0 days | 1,358 sqft |
| 2020-07-01 | 0 days | 1,366 sqft |
| 2020-08-01 | 0 days | 1,524 sqft |
| 2020-09-01 | 0 days | 1,389 sqft |
| 2020-10-01 | 0 days | 1,433 sqft |
| 2020-11-01 | 0 days | 1,470 sqft |
| 2020-12-01 | 0 days | 1,436 sqft |
| 2021-01-01 | 0 days | 1,646 sqft |
| 2021-02-01 | 0 days | 1,607 sqft |
| 2021-03-01 | 0 days | 1,603 sqft |
| 2021-04-01 | 0 days | 1,633 sqft |
| 2021-05-01 | 0 days | 1,560 sqft |
| 2021-06-01 | 0 days | 1,494 sqft |
| 2021-07-01 | 0 days | 1,560 sqft |
| 2021-08-01 | 0 days | 1,560 sqft |
| 2021-09-01 | 0 days | 1,538 sqft |
| 2021-10-01 | 0 days | 1,374 sqft |
| 2021-11-01 | 0 days | 1,206 sqft |
| 2021-12-01 | 0 days | 1,262 sqft |
| 2022-01-01 | 0 days | 1,440 sqft |
| 2022-02-01 | 0 days | 1,565 sqft |
| 2022-03-01 | 0 days | 1,649 sqft |
| 2022-04-01 | 0 days | 1,486 sqft |
| 2022-05-01 | 0 days | 1,534 sqft |
| 2022-06-01 | 0 days | 1,567 sqft |
| 2022-07-01 | 0 days | 1,515 sqft |
| 2022-08-01 | 0 days | 1,485 sqft |
| 2022-09-01 | 0 days | 1,695 sqft |
| 2022-10-01 | 0 days | 1,652 sqft |
| 2022-11-01 | 0 days | 1,589 sqft |
| 2022-12-01 | 0 days | 1,664 sqft |
| 2023-01-01 | 0 days | 1,616 sqft |
| 2023-02-01 | 0 days | 1,456 sqft |
| 2023-03-01 | 0 days | 1,453 sqft |
| 2023-04-01 | 0 days | 1,448 sqft |
| 2023-05-01 | 0 days | 1,579 sqft |
| 2023-06-01 | 0 days | 1,686 sqft |
| 2023-07-01 | 0 days | 1,675 sqft |
| 2023-08-01 | 0 days | 1,780 sqft |
| 2023-09-01 | 0 days | 1,790 sqft |
| 2023-10-01 | 0 days | 1,744 sqft |
| 2023-11-01 | 0 days | 1,752 sqft |
| 2023-12-01 | 0 days | 1,742 sqft |
| 2024-01-01 | 0 days | 1,804 sqft |
| 2024-02-01 | 0 days | 1,631 sqft |
| 2024-03-01 | 0 days | 1,570 sqft |
Connersville's median square footage for active listings during the 2024-03-01 period was 1,570 sqft. One year prior, the average listing was 1,453 sqft.