Dayton USDA Loan Rates, Closing Costs & Stats

Dayton, TN

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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.

    Dayton's 11 lenders originated 17 USDA loans during 2023. The total origination value was $3,645,000, with an average USDA loan value of $214,412.

    Dayton USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Dayton averaged 7.01% 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 $5,436.

    The average rate for the prior week (2024-04-12) was 6.66% and one month ago for the week of 2024-03-15, the average rate was 6.85%.

    The average rate one year ago was 6.29%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.86%.

    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
    UNITED WHOLESALE MORTGAGE, LLC 3 6.79% $7,875
    FIRST COMMUNITY MORTGAGE, INC. 2 6.75% $8,515
    AMERICAN FINANCIAL RESOURCES, INC. 2 7.13% $8,212
    MORTGAGE INVESTORS GROUP, INC. 2 6.13% $5,644
    First Citizens National Bank 1 6.99% $6,908
    MOVEMENT MORTGAGE, LLC 1 7.50% $7,298
    GUARANTEED RATE, INC. 1 5.63% $5,959
    LOANDEPOT.COM, LLC 1 7.13% $5,559
    Bank of England 1 6.25% $11,753
    COMMUNITY MORTGAGE CORPORATION 1 6.38% $5,349
    Equity Prime Mortgage LLC 1 6.50% $11,715

    The top Dayton USDA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 3 USDA loans originated. Their average total fees are $7,875, which is $640 lower than the next largest lender, FIRST COMMUNITY MORTGAGE, INC..

    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 $182,500 (7.3%) $282,940 (8.9%) 0.00 184
    2018-02-01 $182,100 (4.1%) $266,430 (0.2%) 0.00 197
    2018-03-01 $178,900 (3.5%) $275,056 (1.8%) 0.00 183
    2018-04-01 $193,875 (9.5%) $284,019 (0.7%) 0.00 186
    2018-05-01 $198,500 (2.8%) $296,069 (3.2%) 0.00 190
    2018-06-01 $195,500 (-5.8%) $298,635 (-0.3%) 0.00 187
    2018-07-01 $213,038 (-4.1%) $305,936 (0.6%) 0.00 181
    2018-08-01 $216,075 (-8.5%) $306,385 (-2.1%) 0.00 185
    2018-09-01 $219,000 (-0.3%) $309,101 (0.1%) 0.00 176
    2018-10-01 $202,475 (3.0%) $306,205 (3.4%) 0.00 173
    2018-11-01 $213,725 (11.8%) $310,112 (7.2%) 0.00 167
    2018-12-01 $225,000 (20.6%) $304,844 (7.9%) 0.00 152
    2019-01-01 $223,625 (22.5%) $307,982 (8.9%) 0.00 142
    2019-02-01 $226,225 (24.2%) $314,776 (18.2%) 0.00 133
    2019-03-01 $231,200 (29.2%) $320,188 (16.4%) 0.00 127
    2019-04-01 $226,038 (16.6%) $313,414 (10.4%) 0.00 130
    2019-05-01 $238,125 (20.0%) $339,029 (14.5%) 0.00 141
    2019-06-01 $224,500 (14.8%) $317,062 (6.2%) 0.00 147
    2019-07-01 $239,000 (12.2%) $324,206 (6.0%) 0.00 147
    2019-08-01 $227,509 (5.3%) $315,968 (3.1%) 0.00 150
    2019-09-01 $220,473 (0.7%) $310,559 (0.5%) 0.00 148
    2019-10-01 $214,975 (6.2%) $306,106 (0.0%) 0.00 146
    2019-11-01 $199,900 (-6.5%) $300,333 (-3.2%) 0.00 135
    2019-12-01 $199,925 (-11.1%) $305,521 (0.2%) 0.00 128
    2020-01-01 $209,950 (-6.1%) $316,459 (2.8%) 0.00 113
    2020-02-01 $219,950 (-2.8%) $330,768 (5.1%) 0.00 108
    2020-03-01 $233,325 (0.9%) $345,515 (7.9%) 0.00 93
    2020-04-01 $236,950 (4.8%) $341,104 (8.8%) 0.00 94
    2020-05-01 $249,900 (4.9%) $342,218 (0.9%) 0.00 92
    2020-06-01 $239,000 (6.5%) $330,209 (4.2%) 0.00 85
    2020-07-01 $219,275 (-8.3%) $326,521 (0.7%) 0.00 67
    2020-08-01 $249,000 (9.5%) $391,193 (23.8%) 0.00 65
    2020-09-01 $244,750 (11.0%) $396,923 (27.8%) 0.00 52
    2020-10-01 $277,400 (29.0%) $421,411 (37.7%) 0.00 54
    2020-11-01 $325,000 (62.6%) $430,667 (43.4%) 0.00 51
    2020-12-01 $325,000 (62.6%) $465,034 (52.2%) 0.00 46
    2021-01-01 $294,500 (40.3%) $476,656 (50.6%) 0.00 49
    2021-02-01 $312,450 (42.1%) $480,687 (45.3%) 0.00 47
    2021-03-01 $305,620 (31.0%) $474,638 (37.4%) 0.00 44
    2021-04-01 $295,500 (24.7%) $484,013 (41.9%) 0.00 38
    2021-05-01 $295,000 (18.1%) $524,444 (53.3%) 0.00 32
    2021-06-01 $276,600 (15.7%) $449,568 (36.2%) 0.00 43
    2021-07-01 $252,500 (15.2%) $442,480 (35.5%) 0.00 58
    2021-08-01 $272,225 (9.3%) $478,178 (22.2%) 0.00 52
    2021-09-01 $279,375 (14.2%) $396,194 (-0.2%) 0.00 57
    2021-10-01 $286,200 (3.2%) $410,946 (-2.5%) 0.00 50
    2021-11-01 $272,200 (-16.3%) $401,248 (-6.8%) 0.00 43
    2021-12-01 $280,500 (-13.7%) $434,124 (-6.7%) 0.00 38
    2022-01-01 $287,450 (-2.4%) $452,404 (-5.1%) 0.00 32
    2022-02-01 $308,070 (-1.4%) $453,731 (-5.6%) 0.00 25
    2022-03-01 $341,795 (11.8%) $493,387 (4.0%) 0.00 31
    2022-04-01 $354,400 (19.9%) $477,424 (-1.4%) 0.00 39
    2022-05-01 $354,900 (20.3%) $453,950 (-13.4%) 0.00 57
    2022-06-01 $363,725 (31.5%) $439,506 (-2.2%) 0.00 66
    2022-07-01 $375,000 (48.5%) $427,084 (-3.5%) 0.00 67
    2022-08-01 $399,450 (46.7%) $455,665 (-4.7%) 0.00 72
    2022-09-01 $429,000 (53.6%) $481,152 (21.4%) 0.00 75
    2022-10-01 $429,000 (49.9%) $492,633 (19.9%) 0.00 78
    2022-11-01 $418,850 (53.9%) $484,121 (20.7%) 0.00 80
    2022-12-01 $374,900 (33.7%) $467,677 (7.7%) 0.00 89
    2023-01-01 $367,850 (28.0%) $458,789 (1.4%) 0.00 74
    2023-02-01 $389,000 (26.3%) $469,860 (3.6%) 0.00 67
    2023-03-01 $399,500 (16.9%) $465,270 (-5.7%) 0.00 57
    2023-04-01 $399,500 (12.7%) $446,678 (-6.4%) 0.00 53
    2023-05-01 $362,500 (2.1%) $439,158 (-3.3%) 0.00 74
    2023-06-01 $393,000 (8.1%) $485,247 (10.4%) 0.00 81
    2023-07-01 $388,500 (3.6%) $529,064 (23.9%) 0.00 87
    2023-08-01 $413,750 (3.6%) $513,934 (12.8%) 0.00 91
    2023-09-01 $420,000 (-2.1%) $515,667 (7.2%) 0.00 87
    2023-10-01 $375,600 (-12.5%) $485,787 (-1.4%) 0.00 84
    2023-11-01 $399,700 (-4.6%) $504,645 (4.2%) 0.00 83
    2023-12-01 $395,700 (5.6%) $506,756 (8.4%) 0.00 76
    2024-01-01 $357,450 (-2.8%) $500,974 (9.2%) 0.00 72
    2024-02-01 $371,000 (-4.6%) $493,374 (5.0%) 0.00 66
    2024-03-01 $404,450 (1.2%) $503,708 (8.3%) 0.00 64
    Dayton's median listing price for 2024-03-01 was $404,450, a difference of $4,950 (1.2%) versus the prior year and $33,450 versus the prior month.

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

    Dayton's average listing price for 2024-03-01 was $503,708, a difference of $38,438 (8.3%) versus the prior year and $10,334 versus the prior month.

    For the 2024-03-01 period, Dayton had 64 MLS listings, a difference of -2 listings (-3%) versus the prior month and 7 listings (12%) 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 0 days 1,792 sqft
    2018-02-01 0 days 1,781 sqft
    2018-03-01 0 days 1,692 sqft
    2018-04-01 0 days 1,853 sqft
    2018-05-01 0 days 1,878 sqft
    2018-06-01 0 days 1,888 sqft
    2018-07-01 0 days 1,904 sqft
    2018-08-01 0 days 1,982 sqft
    2018-09-01 0 days 2,000 sqft
    2018-10-01 0 days 1,914 sqft
    2018-11-01 0 days 1,871 sqft
    2018-12-01 0 days 1,955 sqft
    2019-01-01 0 days 1,898 sqft
    2019-02-01 0 days 1,872 sqft
    2019-03-01 0 days 1,974 sqft
    2019-04-01 0 days 2,024 sqft
    2019-05-01 0 days 2,055 sqft
    2019-06-01 0 days 2,056 sqft
    2019-07-01 0 days 2,168 sqft
    2019-08-01 0 days 2,078 sqft
    2019-09-01 0 days 2,012 sqft
    2019-10-01 0 days 1,947 sqft
    2019-11-01 0 days 1,920 sqft
    2019-12-01 0 days 1,960 sqft
    2020-01-01 0 days 1,964 sqft
    2020-02-01 0 days 1,934 sqft
    2020-03-01 0 days 1,940 sqft
    2020-04-01 0 days 1,931 sqft
    2020-05-01 0 days 1,946 sqft
    2020-06-01 0 days 1,884 sqft
    2020-07-01 0 days 1,860 sqft
    2020-08-01 0 days 2,092 sqft
    2020-09-01 0 days 2,083 sqft
    2020-10-01 0 days 2,258 sqft
    2020-11-01 0 days 2,484 sqft
    2020-12-01 0 days 2,560 sqft
    2021-01-01 0 days 2,520 sqft
    2021-02-01 0 days 2,346 sqft
    2021-03-01 0 days 1,989 sqft
    2021-04-01 0 days 2,120 sqft
    2021-05-01 0 days 1,719 sqft
    2021-06-01 0 days 1,829 sqft
    2021-07-01 0 days 1,762 sqft
    2021-08-01 0 days 1,820 sqft
    2021-09-01 0 days 1,888 sqft
    2021-10-01 0 days 1,899 sqft
    2021-11-01 0 days 1,846 sqft
    2021-12-01 0 days 1,748 sqft
    2022-01-01 0 days 1,863 sqft
    2022-02-01 0 days 2,195 sqft
    2022-03-01 0 days 1,896 sqft
    2022-04-01 0 days 1,940 sqft
    2022-05-01 0 days 1,811 sqft
    2022-06-01 0 days 1,838 sqft
    2022-07-01 0 days 1,866 sqft
    2022-08-01 0 days 2,040 sqft
    2022-09-01 0 days 2,040 sqft
    2022-10-01 0 days 1,986 sqft
    2022-11-01 0 days 1,893 sqft
    2022-12-01 0 days 1,893 sqft
    2023-01-01 0 days 1,853 sqft
    2023-02-01 0 days 1,901 sqft
    2023-03-01 0 days 1,893 sqft
    2023-04-01 0 days 1,902 sqft
    2023-05-01 0 days 1,823 sqft
    2023-06-01 0 days 1,965 sqft
    2023-07-01 0 days 1,973 sqft
    2023-08-01 0 days 1,807 sqft
    2023-09-01 0 days 1,918 sqft
    2023-10-01 0 days 1,825 sqft
    2023-11-01 0 days 1,937 sqft
    2023-12-01 0 days 2,016 sqft
    2024-01-01 0 days 1,894 sqft
    2024-02-01 0 days 1,966 sqft
    2024-03-01 0 days 2,022 sqft
    Dayton's median listing age (time on market) for 2024-03-01 was 0 days.

    Dayton's median square footage for active listings during the 2024-03-01 period was 2,022 sqft. One year prior, the average listing was 1,893 sqft.