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
7.12%
for the week of 2024-04-19, compared to the national average (all USDA variants) of
6.863% for the same period.
Dayton's average USDA mortgage closing costs are $4,896.
The average rate for the prior week (2024-04-12) was
6.97% and
one month ago for the week of 2024-03-15, the
average rate was 6.45%.
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 7.42%.
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
.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Dayton (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 | $127,900 (11.3%) | $184,514 (9.6%) | 0.47 | 2,363 |
| 2018-02-01 | $132,398 (15.2%) | $190,297 (12.7%) | 0.48 | 2,205 |
| 2018-03-01 | $139,500 (21.4%) | $197,479 (14.0%) | 0.48 | 2,099 |
| 2018-04-01 | $139,900 (16.7%) | $198,972 (9.1%) | 0.47 | 2,095 |
| 2018-05-01 | $144,950 (17.6%) | $207,840 (13.2%) | 0.48 | 2,130 |
| 2018-06-01 | $154,900 (22.5%) | $213,319 (13.7%) | 0.52 | 2,311 |
| 2018-07-01 | $159,450 (11.9%) | $216,067 (9.9%) | 0.53 | 2,435 |
| 2018-08-01 | $157,750 (12.3%) | $214,234 (8.9%) | 0.53 | 2,606 |
| 2018-09-01 | $149,900 (7.2%) | $206,009 (4.8%) | 0.50 | 2,783 |
| 2018-10-01 | $147,450 (2.2%) | $202,919 (3.4%) | 0.49 | 2,876 |
| 2018-11-01 | $148,700 (8.2%) | $201,445 (3.9%) | 0.50 | 2,823 |
| 2018-12-01 | $146,900 (13.1%) | $197,932 (6.3%) | 0.50 | 2,633 |
| 2019-01-01 | $145,500 (13.8%) | $197,165 (6.9%) | 0.50 | 2,235 |
| 2019-02-01 | $146,450 (10.6%) | $204,554 (7.5%) | 0.49 | 2,024 |
| 2019-03-01 | $151,429 (8.6%) | $206,206 (4.4%) | 0.49 | 2,230 |
| 2019-04-01 | $154,950 (10.8%) | $205,434 (3.3%) | 0.49 | 2,513 |
| 2019-05-01 | $158,925 (9.6%) | $208,411 (0.3%) | 0.49 | 2,527 |
| 2019-06-01 | $165,000 (6.5%) | $220,231 (3.2%) | 0.51 | 2,022 |
| 2019-07-01 | $175,950 (10.4%) | $225,261 (4.3%) | 0.55 | 2,169 |
| 2019-08-01 | $174,000 (10.3%) | $228,771 (6.8%) | 0.55 | 2,141 |
| 2019-09-01 | $169,950 (13.4%) | $229,739 (11.5%) | 0.54 | 2,126 |
| 2019-10-01 | $171,445 (16.3%) | $228,540 (12.6%) | 0.55 | 2,242 |
| 2019-11-01 | $169,000 (13.7%) | $226,391 (12.4%) | 0.55 | 2,174 |
| 2019-12-01 | $162,200 (10.4%) | $224,889 (13.6%) | 0.54 | 1,908 |
| 2020-01-01 | $161,450 (11.0%) | $223,184 (13.2%) | 0.54 | 1,677 |
| 2020-02-01 | $169,900 (16.0%) | $228,584 (11.8%) | 0.55 | 1,442 |
| 2020-03-01 | $187,400 (23.8%) | $242,074 (17.4%) | 0.59 | 1,496 |
| 2020-04-01 | $192,325 (24.1%) | $241,444 (17.5%) | 0.60 | 1,423 |
| 2020-05-01 | $198,000 (24.6%) | $252,227 (21.0%) | 0.60 | 1,271 |
| 2020-06-01 | $207,445 (25.7%) | $254,780 (15.7%) | 0.61 | 1,157 |
| 2020-07-01 | $200,950 (14.2%) | $253,519 (12.5%) | 0.58 | 1,137 |
| 2020-08-01 | $199,900 (14.9%) | $254,779 (11.4%) | 0.57 | 1,141 |
| 2020-09-01 | $209,900 (23.5%) | $258,208 (12.4%) | 0.60 | 1,183 |
| 2020-10-01 | $199,969 (16.6%) | $257,858 (12.8%) | 0.57 | 1,227 |
| 2020-11-01 | $189,950 (12.4%) | $252,261 (11.4%) | 0.54 | 1,205 |
| 2020-12-01 | $185,450 (14.3%) | $249,327 (10.9%) | 0.54 | 1,062 |
| 2021-01-01 | $194,900 (20.7%) | $247,295 (10.8%) | 0.57 | 831 |
| 2021-02-01 | $195,000 (14.8%) | $264,451 (15.7%) | 0.56 | 601 |
| 2021-03-01 | $182,400 (-2.7%) | $272,152 (12.4%) | 0.51 | 609 |
| 2021-04-01 | $183,900 (-4.4%) | $276,076 (14.3%) | 0.49 | 600 |
| 2021-05-01 | $195,000 (-1.5%) | $285,115 (13.0%) | 0.51 | 632 |
| 2021-06-01 | $199,500 (-3.8%) | $282,182 (10.8%) | 0.52 | 801 |
| 2021-07-01 | $212,900 (6.0%) | $287,155 (13.3%) | 0.55 | 934 |
| 2021-08-01 | $214,950 (7.5%) | $288,253 (13.1%) | 0.57 | 1,135 |
| 2021-09-01 | $207,400 (-1.2%) | $287,809 (11.5%) | 0.55 | 1,149 |
| 2021-10-01 | $199,000 (-0.5%) | $268,495 (4.1%) | 0.52 | 1,147 |
| 2021-11-01 | $189,000 (-0.5%) | $269,152 (6.7%) | 0.50 | 998 |
| 2021-12-01 | $188,700 (1.8%) | $272,894 (9.5%) | 0.50 | 905 |
| 2022-01-01 | $180,000 (-7.6%) | $269,908 (9.1%) | 0.48 | 699 |
| 2022-02-01 | $197,450 (1.3%) | $286,116 (8.2%) | 0.50 | 506 |
| 2022-03-01 | $214,900 (17.8%) | $294,997 (8.4%) | 0.53 | 532 |
| 2022-04-01 | $214,900 (16.9%) | $274,174 (-0.7%) | 0.51 | 742 |
| 2022-05-01 | $217,450 (11.5%) | $290,618 (1.9%) | 0.49 | 929 |
| 2022-06-01 | $227,450 (14.0%) | $298,630 (5.8%) | 0.51 | 1,081 |
| 2022-07-01 | $227,500 (6.9%) | $292,982 (2.0%) | 0.51 | 1,260 |
| 2022-08-01 | $227,000 (5.6%) | $288,637 (0.1%) | 0.52 | 1,310 |
Dayton's median listing price comes in at 52% of the national average.
Dayton's average listing price for 2022-08-01 was $288,637, a difference of $384 (0.1%) versus the prior year and $-4,345 versus the prior month.
For the 2022-08-01 period, Dayton had 1,310 MLS listings, a difference of 50 listings (4%) versus the prior month and 175 listings (15%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Dayton (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 76 days | 1,493 sqft |
| 2018-02-01 | 68 days | 1,535 sqft |
| 2018-03-01 | 50 days | 1,635 sqft |
| 2018-04-01 | 45 days | 1,640 sqft |
| 2018-05-01 | 42 days | 1,666 sqft |
| 2018-06-01 | 44 days | 1,680 sqft |
| 2018-07-01 | 44 days | 1,713 sqft |
| 2018-08-01 | 46 days | 1,708 sqft |
| 2018-09-01 | 49 days | 1,664 sqft |
| 2018-10-01 | 52 days | 1,644 sqft |
| 2018-11-01 | 56 days | 1,639 sqft |
| 2018-12-01 | 65 days | 1,602 sqft |
| 2019-01-01 | 74 days | 1,598 sqft |
| 2019-02-01 | 72 days | 1,588 sqft |
| 2019-03-01 | 53 days | 1,630 sqft |
| 2019-04-01 | 41 days | 1,664 sqft |
| 2019-05-01 | 37 days | 1,668 sqft |
| 2019-06-01 | 39 days | 1,705 sqft |
| 2019-07-01 | 41 days | 1,768 sqft |
| 2019-08-01 | 46 days | 1,749 sqft |
| 2019-09-01 | 49 days | 1,717 sqft |
| 2019-10-01 | 46 days | 1,693 sqft |
| 2019-11-01 | 52 days | 1,680 sqft |
| 2019-12-01 | 61 days | 1,668 sqft |
| 2020-01-01 | 65 days | 1,631 sqft |
| 2020-02-01 | 56 days | 1,637 sqft |
| 2020-03-01 | 40 days | 1,694 sqft |
| 2020-04-01 | 47 days | 1,701 sqft |
| 2020-05-01 | 60 days | 1,730 sqft |
| 2020-06-01 | 50 days | 1,777 sqft |
| 2020-07-01 | 40 days | 1,765 sqft |
| 2020-08-01 | 35 days | 1,762 sqft |
| 2020-09-01 | 36 days | 1,776 sqft |
| 2020-10-01 | 33 days | 1,762 sqft |
| 2020-11-01 | 38 days | 1,704 sqft |
| 2020-12-01 | 50 days | 1,655 sqft |
| 2021-01-01 | 58 days | 1,568 sqft |
| 2021-02-01 | 54 days | 1,541 sqft |
| 2021-03-01 | 37 days | 1,524 sqft |
| 2021-04-01 | 32 days | 1,569 sqft |
| 2021-05-01 | 28 days | 1,516 sqft |
| 2021-06-01 | 24 days | 1,607 sqft |
| 2021-07-01 | 24 days | 1,691 sqft |
| 2021-08-01 | 25 days | 1,622 sqft |
| 2021-09-01 | 31 days | 1,574 sqft |
| 2021-10-01 | 35 days | 1,559 sqft |
| 2021-11-01 | 40 days | 1,533 sqft |
| 2021-12-01 | 43 days | 1,488 sqft |
| 2022-01-01 | 49 days | 1,448 sqft |
| 2022-02-01 | 46 days | 1,499 sqft |
| 2022-03-01 | 28 days | 1,580 sqft |
| 2022-04-01 | 28 days | 1,510 sqft |
| 2022-05-01 | 29 days | 1,557 sqft |
| 2022-06-01 | 27 days | 1,613 sqft |
| 2022-07-01 | 30 days | 1,624 sqft |
| 2022-08-01 | 36 days | 1,665 sqft |
Dayton's median square footage for active listings during the 2022-08-01 period was 1,665 sqft. One year prior, the average listing was 1,622 sqft.