Dayton USDA Loans

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 43 lenders originated 118 USDA loans during 2021. The total origination value was $18,390,000, with an average USDA loan value of $155,847.

Dayton USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Dayton averaged 5.5% for the week of 2022-05-20, compared to the national average (all USDA variants) of 5.315% for the same period.

The average rate for the prior week (2022-05-13) was 5.19% and one month ago for the week of 2022-04-15, the average rate was 4.88%.

The average rate one year ago was 3.13%.

For refis of the same type during the week of 2022-05-20, the average rate was 5.34%.

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 and rates for USDA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Dayton level.

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
PRIMELENDING, A PLAINSCAPITAL COMPANY 12 3.54% $5,345
DAS Acquisition Company, LLC 12 3.27% $5,197
CALIBER HOME LOANS, INC. 10 3.07% $4,794
Union Savings Bank 8 2.75% $4,579
THRIVE MORTGAGE, LLC 7 3.16% $5,081
LOANDEPOT.COM, LLC 6 2.94% $4,939
UNION HOME MORTGAGE CORP. 6 3.08% $5,408
NORTHERN MORTGAGE SERVICES, LLC 3 3.21% $4,083
T2 FINANCIAL LLC 3 3.13% $5,835
POLARIS HOME FUNDING CORP. 3 3.08% $6,145
MID AMERICA MORTGAGE, INC. 3 3.29% $6,212
WRIGHT-PATT CREDIT UNION, INC. 2 2.94% $4,554
AMERICAN MORTGAGE SERVICE COMPANY 2 3.31% $4,156
EQUITY RESOURCES, INC. 2 2.50% $3,930
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 3.06% $6,528
Fifth Third Bank 2 2.81% $4,829
LENDUS, LLC 2 2.63% $5,591
LIBERTY HOME MORTGAGE CORPORATION 2 3.44% $6,720
NVR Mortgage Finance, Inc. 2 3.12% $6,539
Western Ohio Mortgage Corporation 1 2.88% $5,413
HOME POINT FINANCIAL CORPORATION 1 3.88% $4,788
Gateway First Bank 1 3.63% $4,505
MYCUMORTGAGE, LLC 1 2.75% $4,337
EVERETT FINANCIAL, INC. 1 2.88% $4,024
AMCAP MORTGAGE, LTD. 1 2.88% $9,329
Paramount Residential Mortgage Group, Inc. 1 2.88% $4,609
CROSSCOUNTRY MORTGAGE, LLC 1 3.63% $4,615
PRIMARY RESIDENTIAL MORTGAGE, INC. 1 3.50% $4,169
CONTOUR MORTGAGE CORPORATION 1 3.50% $5,329
RAPID MORTGAGE COMPANY 1 3.25% $5,286
RUOFF MORTGAGE COMPANY, INC. 1 3.38% $1,838
STEARNS LENDING, LLC 1 3.50% $3,222
SUMMIT FUNDING, INC. 1 3.25% $4,369
CHURCHILL MORTGAGE CORPORATION 1 2.75% $4,390
The Huntington National Bank 1 3.25% $5,867
Carrington Mortgage Services, LLC 1 2.25% $5,592
Bank of England 1 3.38% $4,972
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 3.25% $6,192
US MORTGAGE CORPORATION 1 4.63% $9,440
VICTORY MORTGAGE, L.L.C. 1 2.88% $5,473
Hometown Equity Mortgage, LLC 1 3.25% $8,846
Ixonia Bank 1 3.38% $5,529
WesBanco Bank, Inc. 1 2.88% $5,343

The top Dayton USDA lender as defined by loan originations is PRIMELENDING, A PLAINSCAPITAL COMPANY, with 12 USDA loans originated. Their average total fees are $5,345, which is $147 higher than the next largest lender, DAS Acquisition Company, LLC.

The lowest fee Dayton USDA lenders (with over 10 loans originated) are CALIBER HOME LOANS, INC. ($4,794), DAS Acquisition Company, LLC ($5,197), PRIMELENDING, A PLAINSCAPITAL COMPANY ($5,345), .

The lowest rate Dayton USDA lenders (with over 10 loans originated) are CALIBER HOME LOANS, INC. (3.07%), DAS Acquisition Company, LLC (3.27%), PRIMELENDING, A PLAINSCAPITAL COMPANY (3.54%), .