Dayton USDA Loan Rates, Closing Costs & Stats

DAYTON-KETTERING, OH

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.

Dayton's 21 lenders originated 44 USDA loans during 2023. The total origination value was $8,030,000, with an average USDA loan value of $182,500.

Dayton USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Dayton averaged 6.24% for the week of 2024-10-11, compared to the national average (all USDA variants) of 6.08% for the same period.

Dayton's average USDA mortgage closing costs are $4,896.

The average rate for the prior week (2024-10-04) was 6.13% and one month ago for the week of 2024-09-06, the average rate was 5.92%.

The average rate one year ago was 7.21%.

For refis of the same type during the week of 2024-10-11, the average rate was 6.84%.

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

Dayton 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 Dayton level.

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
DAS Acquisition Company, LLC 5 6.80% $7,239
LOANDEPOT.COM, LLC 4 6.63% $5,647
FIRST COMMUNITY MORTGAGE, INC. 4 7.03% $8,036
PRIMELENDING, A PLAINSCAPITAL COMPANY 4 7.06% $6,470
NEWREZ LLC 3 6.96% $6,560
THRIVE MORTGAGE, LLC 3 6.54% $9,199
UNION HOME MORTGAGE CORP. 2 6.50% $7,847
Bank of England 2 7.19% $8,690
Union Savings Bank 2 6.19% $6,992
Western Ohio Mortgage Corporation 2 7.13% $8,437
WRIGHT-PATT CREDIT UNION, INC. 2 6.94% $5,703
NORTHERN MORTGAGE SERVICES, LLC 1 7.13% $6,895
EQUITY RESOURCES, INC. 1 6.00% $4,085
FREEDOM MORTGAGE CORPORATION 1 6.25% $6,383
Hometown Equity Mortgage, LLC 1 6.50% $9,092
MOVEMENT MORTGAGE, LLC 1 5.63% $10,843
AMERICAN FINANCIAL NETWORK, INC. 1 7.13% $9,278
Paramount Residential Mortgage Group, Inc. 1 7.13% $5,246
T2 FINANCIAL LLC 1 7.13% $8,451
The Huntington National Bank 1 6.50% $5,745
UNITED WHOLESALE MORTGAGE, LLC 1 6.38% $6,724

The top Dayton USDA lender as defined by loan originations is DAS Acquisition Company, LLC, with 5 USDA loans originated. Their average total fees are $7,239, which is $1,592 higher than the next largest lender, LOANDEPOT.COM, LLC.

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

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