Connersville USDA Loan Rates, Closing Costs & Stats

Connersville, 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.

    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 6.56% for the week of 2024-12-13, compared to the national average (all USDA variants) of 6.303% for the same period.

    Connersville's average USDA mortgage closing costs are $3,858.

    The average rate for the prior week (2024-12-06) was 6.49% and one month ago for the week of 2024-11-08, the average rate was 6.81%.

    The average rate one year ago was 6.98%.

    For refis of the same type during the week of 2024-12-13, the average rate was 6.4%.

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

    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
    2024-04-01 $159,900 (33.4%) $190,063 (5.2%) 0.00 43
    2024-05-01 $189,675 (14.8%) $223,977 (15.3%) 0.00 48
    2024-06-01 $205,000 (6.7%) $227,539 (7.9%) 0.00 51
    2024-07-01 $192,608 (1.4%) $223,707 (3.5%) 0.00 53
    2024-08-01 $169,900 (-10.5%) $200,836 (-2.8%) 0.00 58
    2024-09-01 $159,900 (-13.5%) $203,031 (0.9%) 0.00 64
    2024-10-01 $174,900 (-12.5%) $230,293 (10.3%) 0.00 74
    2024-11-01 $159,900 (-12.3%) $207,952 (4.9%) 0.00 73
    Connersville's median listing price for 2024-11-01 was $159,900, a difference of $-22,500 (-12.3%) versus the prior year and $-15,000 versus the prior month.

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

    Connersville's average listing price for 2024-11-01 was $207,952, a difference of $9,631 (4.9%) versus the prior year and $-22,341 versus the prior month.

    For the 2024-11-01 period, Connersville had 73 MLS listings, a difference of -1 listings (-1%) versus the prior month and 33 listings (83%) 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
    2024-04-01 0 days 1,560 sqft
    2024-05-01 0 days 1,682 sqft
    2024-06-01 0 days 1,671 sqft
    2024-07-01 0 days 1,706 sqft
    2024-08-01 0 days 1,560 sqft
    2024-09-01 0 days 1,545 sqft
    2024-10-01 0 days 1,560 sqft
    2024-11-01 0 days 1,440 sqft
    Connersville's median listing age (time on market) for 2024-11-01 was 0 days.

    Connersville's median square footage for active listings during the 2024-11-01 period was 1,440 sqft. One year prior, the average listing was 1,752 sqft.