Defiance USDA Loan Rates, Closing Costs & Stats

Defiance, 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.

Defiance's 3 lenders originated 11 USDA loans during 2023. The total origination value was $1,515,000, with an average USDA loan value of $137,727.

Defiance USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Defiance averaged 7.05% for the week of 2024-06-07, compared to the national average (all USDA variants) of 6.699% for the same period.

Defiance's average USDA mortgage closing costs are $4,266.

The average rate for the prior week (2024-05-31) was 7.13% and one month ago for the week of 2024-05-03, the average rate was 7.03%.

The average rate one year ago was 7.03%.

For refis of the same type during the week of 2024-06-07, the average rate was 6.5%.

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

Defiance 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 Defiance level.

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
CROSSCOUNTRY MORTGAGE, LLC 8 7.22% $6,059
The Huntington National Bank 2 5.63% $6,361
First Federal Bank of the Midwest 1 6.50% $5,651

The top Defiance USDA lender as defined by loan originations is CROSSCOUNTRY MORTGAGE, LLC, with 8 USDA loans originated. Their average total fees are $6,059, which is $302 lower than the next largest lender, The Huntington National Bank.

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

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


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Defiance (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 $108,450 (27.7%) $159,013 (19.0%) 0.00 97
2018-02-01 $103,600 (22.7%) $154,980 (9.7%) 0.00 83
2018-03-01 $110,000 (26.4%) $150,182 (3.4%) 0.00 73
2018-04-01 $108,450 (20.6%) $150,352 (-4.1%) 0.00 77
2018-05-01 $101,200 (-16.8%) $150,172 (-2.5%) 0.00 79
2018-06-01 $102,400 (-11.2%) $148,482 (-3.3%) 0.00 76
2018-07-01 $117,150 (0.4%) $163,607 (9.2%) 0.00 78
2018-08-01 $108,400 (-10.1%) $152,716 (-2.9%) 0.00 97
2018-09-01 $110,000 (-4.7%) $150,282 (-1.5%) 0.00 107
2018-10-01 $114,900 (-1.1%) $150,422 (-3.8%) 0.00 108
2018-11-01 $120,925 (5.6%) $153,600 (-3.7%) 0.00 105
2018-12-01 $127,900 (11.5%) $161,586 (1.6%) 0.00 93
2019-01-01 $126,900 (17.0%) $164,338 (3.4%) 0.00 78
2019-02-01 $129,950 (25.4%) $171,097 (10.4%) 0.00 67
2019-03-01 $135,471 (23.2%) $176,016 (17.2%) 0.00 66
2019-04-01 $139,471 (28.6%) $178,621 (18.8%) 0.00 61
2019-05-01 $139,900 (38.2%) $179,652 (19.6%) 0.00 58
2019-06-01 $119,900 (17.1%) $158,960 (7.1%) 0.00 76
2019-07-01 $134,900 (15.2%) $159,407 (-2.6%) 0.00 82
2019-08-01 $136,264 (25.7%) $161,270 (5.6%) 0.00 87
2019-09-01 $138,309 (25.7%) $163,403 (8.7%) 0.00 88
2019-10-01 $139,900 (21.8%) $164,500 (9.4%) 0.00 89
2019-11-01 $132,500 (9.6%) $155,082 (1.0%) 0.00 105
2019-12-01 $129,925 (1.6%) $159,710 (-1.2%) 0.00 96
2020-01-01 $126,050 (-0.7%) $153,865 (-6.4%) 0.00 84
2020-02-01 $125,000 (-3.8%) $149,156 (-12.8%) 0.00 70
2020-03-01 $121,100 (-10.6%) $146,537 (-16.8%) 0.00 58
2020-04-01 $127,750 (-8.4%) $157,958 (-11.6%) 0.00 54
2020-05-01 $124,900 (-10.7%) $156,683 (-12.8%) 0.00 50
2020-06-01 $143,650 (19.8%) $170,321 (7.2%) 0.00 46
2020-07-01 $134,850 (0.0%) $184,998 (16.1%) 0.00 44
2020-08-01 $147,450 (8.2%) $193,202 (19.8%) 0.00 46
2020-09-01 $181,000 (30.9%) $215,492 (31.9%) 0.00 45
2020-10-01 $155,000 (10.8%) $213,713 (29.9%) 0.00 50
2020-11-01 $138,400 (4.5%) $188,612 (21.6%) 0.00 52
2020-12-01 $129,900 (0.0%) $179,346 (12.3%) 0.00 42
2021-01-01 $139,900 (11.0%) $199,371 (29.6%) 0.00 39
2021-02-01 $129,400 (3.5%) $197,115 (32.2%) 0.00 31
2021-03-01 $194,950 (61.0%) $230,991 (57.6%) 0.00 25
2021-04-01 $151,450 (18.6%) $198,954 (26.0%) 0.00 24
2021-05-01 $150,950 (20.9%) $184,562 (17.8%) 0.00 31
2021-06-01 $151,750 (5.6%) $178,996 (5.1%) 0.00 37
2021-07-01 $149,000 (10.5%) $178,189 (-3.7%) 0.00 34
2021-08-01 $138,875 (-5.8%) $158,886 (-17.8%) 0.00 44
2021-09-01 $142,700 (-21.2%) $154,893 (-28.1%) 0.00 52
2021-10-01 $125,000 (-19.4%) $146,236 (-31.6%) 0.00 50
2021-11-01 $120,650 (-12.8%) $149,034 (-21.0%) 0.00 55
2021-12-01 $132,975 (2.4%) $157,357 (-12.3%) 0.00 54
2022-01-01 $129,900 (-7.2%) $155,473 (-22.0%) 0.00 46
2022-02-01 $145,225 (12.2%) $165,764 (-15.9%) 0.00 39
2022-03-01 $147,400 (-24.4%) $173,128 (-25.1%) 0.00 30
2022-04-01 $172,400 (13.8%) $206,123 (3.6%) 0.00 33
2022-05-01 $159,900 (5.9%) $194,234 (5.2%) 0.00 41
2022-06-01 $169,900 (12.0%) $184,295 (3.0%) 0.00 43
2022-07-01 $159,900 (7.3%) $172,523 (-3.2%) 0.00 56
2022-08-01 $159,875 (15.1%) $165,309 (4.0%) 0.00 57
2022-09-01 $158,925 (11.4%) $164,591 (6.3%) 0.00 53
2022-10-01 $149,950 (20.0%) $166,290 (13.7%) 0.00 45
2022-11-01 $147,075 (21.9%) $172,785 (15.9%) 0.00 46
2022-12-01 $149,900 (12.7%) $166,806 (6.0%) 0.00 43
2023-01-01 $165,825 (27.7%) $173,488 (11.6%) 0.00 42
2023-02-01 $173,725 (19.6%) $184,075 (11.1%) 0.00 36
2023-03-01 $184,725 (25.3%) $203,726 (17.7%) 0.00 36
2023-04-01 $164,950 (-4.3%) $204,382 (-0.8%) 0.00 36
2023-05-01 $164,900 (3.1%) $208,520 (7.4%) 0.00 32
2023-06-01 $174,575 (2.8%) $198,309 (7.6%) 0.00 32
2023-07-01 $215,000 (34.5%) $232,920 (35.0%) 0.00 34
2023-08-01 $224,450 (40.4%) $233,230 (41.1%) 0.00 34
2023-09-01 $199,900 (25.8%) $210,200 (27.7%) 0.00 35
2023-10-01 $192,200 (28.2%) $207,542 (24.8%) 0.00 42
2023-11-01 $200,000 (36.0%) $221,648 (28.3%) 0.00 38
2023-12-01 $193,900 (29.4%) $210,481 (26.2%) 0.00 39
2024-01-01 $202,250 (22.0%) $214,937 (23.9%) 0.00 34
2024-02-01 $209,000 (20.3%) $218,096 (18.5%) 0.00 27
2024-03-01 $199,950 (8.2%) $217,806 (6.9%) 0.00 25
2024-04-01 $179,975 (9.1%) $214,490 (5.0%) 0.00 30
2024-05-01 $206,225 (25.1%) $232,316 (11.4%) 0.00 26
Defiance's median listing price for 2024-05-01 was $206,225, a difference of $41,325 (25.1%) versus the prior year and $26,250 versus the prior month.

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

Defiance's average listing price for 2024-05-01 was $232,316, a difference of $23,796 (11.4%) versus the prior year and $17,826 versus the prior month.

For the 2024-05-01 period, Defiance had 26 MLS listings, a difference of -4 listings (-13%) versus the prior month and -6 listings (-19%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Defiance (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,506 sqft
2018-02-01 0 days 1,530 sqft
2018-03-01 0 days 1,505 sqft
2018-04-01 0 days 1,464 sqft
2018-05-01 0 days 1,549 sqft
2018-06-01 0 days 1,504 sqft
2018-07-01 0 days 1,557 sqft
2018-08-01 0 days 1,553 sqft
2018-09-01 0 days 1,545 sqft
2018-10-01 0 days 1,630 sqft
2018-11-01 0 days 1,654 sqft
2018-12-01 0 days 1,761 sqft
2019-01-01 0 days 1,687 sqft
2019-02-01 0 days 1,752 sqft
2019-03-01 0 days 1,707 sqft
2019-04-01 0 days 1,658 sqft
2019-05-01 0 days 1,624 sqft
2019-06-01 0 days 1,555 sqft
2019-07-01 0 days 1,572 sqft
2019-08-01 0 days 1,572 sqft
2019-09-01 0 days 1,547 sqft
2019-10-01 0 days 1,528 sqft
2019-11-01 0 days 1,482 sqft
2019-12-01 0 days 1,498 sqft
2020-01-01 0 days 1,460 sqft
2020-02-01 0 days 1,472 sqft
2020-03-01 0 days 1,454 sqft
2020-04-01 0 days 1,543 sqft
2020-05-01 0 days 1,680 sqft
2020-06-01 0 days 1,770 sqft
2020-07-01 0 days 1,780 sqft
2020-08-01 0 days 1,785 sqft
2020-09-01 0 days 2,026 sqft
2020-10-01 0 days 2,000 sqft
2020-11-01 0 days 1,571 sqft
2020-12-01 0 days 1,577 sqft
2021-01-01 0 days 1,750 sqft
2021-02-01 0 days 1,540 sqft
2021-03-01 0 days 1,958 sqft
2021-04-01 0 days 1,773 sqft
2021-05-01 0 days 1,715 sqft
2021-06-01 0 days 1,609 sqft
2021-07-01 0 days 1,728 sqft
2021-08-01 0 days 1,480 sqft
2021-09-01 0 days 1,467 sqft
2021-10-01 0 days 1,473 sqft
2021-11-01 0 days 1,476 sqft
2021-12-01 0 days 1,482 sqft
2022-01-01 0 days 1,501 sqft
2022-02-01 0 days 1,561 sqft
2022-03-01 0 days 1,555 sqft
2022-04-01 0 days 1,609 sqft
2022-05-01 0 days 1,594 sqft
2022-06-01 0 days 1,606 sqft
2022-07-01 0 days 1,584 sqft
2022-08-01 0 days 1,577 sqft
2022-09-01 0 days 1,498 sqft
2022-10-01 0 days 1,528 sqft
2022-11-01 0 days 1,551 sqft
2022-12-01 0 days 1,528 sqft
2023-01-01 0 days 1,508 sqft
2023-02-01 0 days 1,481 sqft
2023-03-01 0 days 1,587 sqft
2023-04-01 0 days 1,587 sqft
2023-05-01 0 days 1,643 sqft
2023-06-01 0 days 1,502 sqft
2023-07-01 0 days 1,724 sqft
2023-08-01 0 days 1,739 sqft
2023-09-01 0 days 1,584 sqft
2023-10-01 0 days 1,672 sqft
2023-11-01 0 days 1,671 sqft
2023-12-01 0 days 1,637 sqft
2024-01-01 0 days 1,621 sqft
2024-02-01 0 days 1,631 sqft
2024-03-01 0 days 1,535 sqft
2024-04-01 0 days 1,498 sqft
2024-05-01 0 days 1,515 sqft
Defiance's median listing age (time on market) for 2024-05-01 was 0 days.

Defiance's median square footage for active listings during the 2024-05-01 period was 1,515 sqft. One year prior, the average listing was 1,643 sqft.