Evansville USDA Loan Rates, Closing Costs & Stats
EVANSVILLE, IN-KY
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.
Evansville's 20 lenders originated 80 USDA loans during 2024. The total origination value was $13,870,000, with an average USDA loan value of $173,375.
Evansville USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Evansville
averaged
6.41%
for the week of 2025-04-04, compared to the national average (all USDA variants) of
6.324% for the same period.
Evansville's average USDA mortgage closing costs are $4,266.
The average rate for the prior week (2025-03-28) was
6.37% and
one month ago for the week of 2025-02-28, the
average rate was 6.72%.
The average rate one year ago was 6.98%.
For refis of the same type during the week of 2025-04-04, the average rate
was 6.62%.
Evansville 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 Evansville level.
| Name | # of Loans | 2024 Avg. 30yFix Rate | 2024 Avg. Closing Costs |
|---|---|---|---|
| MORTGAGE MASTERS OF INDIANA, INC. | 40 | 6.62% | $5,011 |
| GVC MORTGAGE, INC. | 6 | 7.02% | $7,418 |
| EVANSVILLE TEACHERS | 4 | 6.06% | $4,065 |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | 3 | 6.58% | $1,630 |
| Bank of England | 3 | 6.54% | $7,956 |
| UNION HOME MORTGAGE CORP. | 2 | 5.88% | $10,092 |
| CALCON MUTUAL MORTGAGE LLC | 2 | 6.56% | $5,811 |
| FBC MORTGAGE, LLC | 2 | 3.99% | $6,337 |
| German American Bank | 2 | 6.19% | $5,035 |
| Paramount Residential Mortgage Group, Inc. | 2 | 6.38% | $3,704 |
| TOP FLITE FINANCIAL, INC. | 2 | 7.06% | $5,625 |
| American Mortgage & Equity Consultants, Inc. | 2 | 6.81% | $5,589 |
| FAIR WAY LENDING LLC | 1 | 6.49% | $5,273 |
| Equity Prime Mortgage LLC | 1 | 6.13% | $7,070 |
| THE MORTGAGE WAREHOUSE,LLC | 1 | 6.63% | $6,427 |
| ROYAL UNITED MORTGAGE LLC | 1 | 7.63% | $7,710 |
| Fifth Third Bank | 1 | 6.25% | $5,855 |
| FIRST COMMUNITY MORTGAGE, INC. | 1 | 6.99% | $8,705 |
| RUOFF MORTGAGE COMPANY, INC. | 1 | 6.75% | $3,101 |
| GERSHMAN INVESTMENT CORP. | 1 | 7.00% | $4,021 |
The top Evansville USDA lender as defined by loan originations is MORTGAGE MASTERS OF INDIANA, INC., with
40 USDA loans originated. Their average total fees are
$5,011, which is $2,407
lower than the next largest lender,
GVC MORTGAGE, INC..
The lowest fee Evansville USDA lenders (with over 10 loans originated) are
MORTGAGE MASTERS OF INDIANA, INC. ($5,011), .
The lowest rate Evansville USDA lenders (with over 10 loans originated) are
MORTGAGE MASTERS OF INDIANA, INC. (6.62%), .
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Evansville (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 | $149,900 (13.8%) | $196,453 (12.4%) | 0.56 | 806 |
| 2018-02-01 | $151,400 (15.4%) | $200,485 (11.8%) | 0.55 | 752 |
| 2018-03-01 | $172,250 (23.1%) | $212,525 (14.9%) | 0.60 | 673 |
| 2018-04-01 | $173,925 (24.3%) | $219,841 (16.2%) | 0.59 | 642 |
| 2018-05-01 | $170,475 (13.7%) | $223,778 (11.8%) | 0.57 | 658 |
| 2018-06-01 | $169,900 (17.3%) | $224,475 (13.9%) | 0.57 | 739 |
| 2018-07-01 | $164,900 (8.1%) | $216,989 (8.5%) | 0.55 | 787 |
| 2018-08-01 | $162,800 (11.9%) | $209,485 (1.3%) | 0.55 | 819 |
| 2018-09-01 | $159,900 (10.3%) | $209,499 (-1.7%) | 0.54 | 821 |
| 2018-10-01 | $163,200 (5.0%) | $207,898 (-4.0%) | 0.55 | 851 |
| 2018-11-01 | $160,725 (0.8%) | $202,973 (-6.2%) | 0.54 | 867 |
| 2018-12-01 | $155,000 (8.5%) | $194,372 (0.8%) | 0.53 | 824 |
| 2019-01-01 | $152,450 (1.7%) | $188,617 (-4.0%) | 0.53 | 795 |
| 2019-02-01 | $157,475 (4.0%) | $192,805 (-3.8%) | 0.53 | 734 |
| 2019-03-01 | $171,329 (-0.5%) | $206,682 (-2.8%) | 0.56 | 688 |
| 2019-04-01 | $179,900 (3.4%) | $219,932 (0.0%) | 0.57 | 661 |
| 2019-05-01 | $179,300 (5.2%) | $224,964 (0.5%) | 0.56 | 687 |
| 2019-06-01 | $179,900 (5.9%) | $226,497 (0.9%) | 0.56 | 698 |
| 2019-07-01 | $171,875 (4.2%) | $222,687 (2.6%) | 0.54 | 727 |
| 2019-08-01 | $160,873 (-1.2%) | $214,183 (2.2%) | 0.51 | 780 |
| 2019-09-01 | $154,757 (-3.2%) | $208,062 (-0.7%) | 0.50 | 828 |
| 2019-10-01 | $150,680 (-7.7%) | $204,585 (-1.6%) | 0.49 | 857 |
| 2019-11-01 | $146,450 (-8.9%) | $201,109 (-0.9%) | 0.48 | 789 |
| 2019-12-01 | $139,825 (-9.8%) | $195,692 (0.7%) | 0.47 | 721 |
| 2020-01-01 | $133,750 (-12.3%) | $191,931 (1.8%) | 0.45 | 645 |
| 2020-02-01 | $139,900 (-11.2%) | $198,231 (2.8%) | 0.46 | 535 |
| 2020-03-01 | $172,450 (0.7%) | $222,365 (7.6%) | 0.54 | 465 |
| 2020-04-01 | $178,400 (-0.8%) | $226,171 (2.8%) | 0.56 | 467 |
| 2020-05-01 | $179,900 (0.3%) | $240,661 (7.0%) | 0.55 | 431 |
| 2020-06-01 | $189,675 (5.4%) | $251,955 (11.2%) | 0.56 | 411 |
| 2020-07-01 | $184,675 (7.5%) | $245,863 (10.4%) | 0.54 | 406 |
| 2020-08-01 | $189,900 (18.0%) | $252,300 (17.8%) | 0.54 | 383 |
| 2020-09-01 | $178,450 (15.3%) | $239,698 (15.2%) | 0.51 | 386 |
| 2020-10-01 | $176,950 (17.4%) | $230,908 (12.9%) | 0.51 | 373 |
| 2020-11-01 | $164,900 (12.6%) | $226,944 (12.9%) | 0.48 | 395 |
| 2020-12-01 | $149,948 (7.2%) | $209,718 (7.2%) | 0.45 | 378 |
| 2021-01-01 | $159,450 (19.2%) | $207,914 (8.3%) | 0.48 | 306 |
| 2021-02-01 | $163,750 (17.1%) | $221,136 (11.6%) | 0.48 | 217 |
| 2021-03-01 | $164,450 (-4.6%) | $223,171 (0.4%) | 0.47 | 189 |
| 2021-04-01 | $185,000 (3.7%) | $222,851 (-1.5%) | 0.50 | 187 |
| 2021-05-01 | $184,900 (2.8%) | $226,840 (-5.7%) | 0.49 | 192 |
| 2021-06-01 | $204,750 (8.0%) | $253,239 (0.5%) | 0.54 | 229 |
| 2021-07-01 | $197,350 (6.9%) | $248,295 (1.0%) | 0.52 | 297 |
| 2021-08-01 | $176,700 (-7.0%) | $236,496 (-6.3%) | 0.47 | 348 |
| 2021-09-01 | $181,300 (1.6%) | $234,531 (-2.2%) | 0.48 | 355 |
| 2021-10-01 | $189,900 (7.3%) | $240,234 (4.0%) | 0.51 | 338 |
| 2021-11-01 | $192,444 (16.7%) | $244,465 (7.7%) | 0.51 | 317 |
| 2021-12-01 | $177,425 (18.3%) | $243,877 (16.3%) | 0.48 | 286 |
| 2022-01-01 | $209,450 (31.4%) | $250,978 (20.7%) | 0.57 | 232 |
| 2022-02-01 | $219,450 (34.0%) | $261,165 (18.1%) | 0.57 | 168 |
| 2022-03-01 | $199,450 (21.3%) | $248,741 (11.5%) | 0.50 | 166 |
| 2022-04-01 | $218,800 (18.3%) | $261,577 (17.4%) | 0.52 | 200 |
| 2022-05-01 | $230,000 (24.4%) | $282,961 (24.7%) | 0.53 | 241 |
| 2022-06-01 | $249,900 (22.1%) | $289,718 (14.4%) | 0.56 | 294 |
| 2022-07-01 | $230,000 (16.5%) | $276,044 (11.2%) | 0.52 | 375 |
| 2022-08-01 | $229,675 (30.0%) | $282,886 (19.6%) | 0.53 | 384 |
| 2022-09-01 | $220,600 (21.7%) | $285,077 (21.6%) | 0.52 | 395 |
| 2022-10-01 | $234,700 (23.6%) | $292,326 (21.7%) | 0.55 | 419 |
| 2022-11-01 | $241,475 (25.5%) | $287,893 (17.8%) | 0.58 | 450 |
| 2022-12-01 | $249,900 (40.9%) | $291,828 (19.7%) | 0.62 | 424 |
| 2023-01-01 | $260,544 (24.4%) | $311,291 (24.0%) | 0.65 | 364 |
| 2023-02-01 | $272,900 (24.4%) | $340,693 (30.5%) | 0.66 | 310 |
| 2023-03-01 | $273,425 (37.1%) | $356,427 (43.3%) | 0.64 | 274 |
| 2023-04-01 | $299,900 (37.1%) | $353,623 (35.2%) | 0.70 | 283 |
| 2023-05-01 | $284,700 (23.8%) | $356,155 (25.9%) | 0.65 | 298 |
| 2023-06-01 | $299,309 (19.8%) | $366,350 (26.5%) | 0.67 | 310 |
| 2023-07-01 | $299,734 (30.3%) | $375,519 (36.0%) | 0.68 | 301 |
| 2023-08-01 | $281,900 (22.7%) | $339,407 (20.0%) | 0.65 | 342 |
| 2023-09-01 | $250,000 (13.3%) | $310,149 (8.8%) | 0.58 | 392 |
| 2023-10-01 | $249,250 (6.2%) | $297,642 (1.8%) | 0.59 | 475 |
| 2023-11-01 | $239,900 (-0.7%) | $292,125 (1.5%) | 0.57 | 530 |
| 2023-12-01 | $239,900 (-4.0%) | $282,605 (-3.2%) | 0.59 | 484 |
| 2024-01-01 | $235,000 (-9.8%) | $279,668 (-10.2%) | 0.57 | 465 |
| 2024-02-01 | $241,450 (-11.5%) | $283,675 (-16.7%) | 0.58 | 421 |
| 2024-03-01 | $245,000 (-10.4%) | $292,753 (-17.9%) | 0.58 | 383 |
| 2024-04-01 | $237,400 (-20.8%) | $290,067 (-18.0%) | 0.55 | 411 |
| 2024-05-01 | $251,250 (-11.8%) | $308,458 (-13.4%) | 0.57 | 435 |
| 2024-06-01 | $249,900 (-16.5%) | $312,635 (-14.7%) | 0.57 | 487 |
| 2024-07-01 | $249,900 (-16.6%) | $311,057 (-17.2%) | 0.57 | 492 |
| 2024-08-01 | $240,000 (-14.9%) | $301,780 (-11.1%) | 0.56 | 531 |
| 2024-09-01 | $243,700 (-2.5%) | $289,298 (-6.7%) | 0.57 | 580 |
| 2024-10-01 | $245,750 (-1.4%) | $295,382 (-0.8%) | 0.58 | 625 |
| 2024-11-01 | $249,900 (4.2%) | $300,818 (3.0%) | 0.60 | 660 |
| 2024-12-01 | $264,900 (10.4%) | $305,342 (8.1%) | 0.66 | 577 |
| 2025-01-01 | $269,000 (14.5%) | $314,394 (12.4%) | 0.67 | 495 |
| 2025-02-01 | $264,000 (9.3%) | $308,800 (8.9%) | 0.64 | 471 |
| 2025-03-01 | $265,000 (8.2%) | $321,349 (9.8%) | 0.00 | 472 |
Evansville's median listing price comes in at 0% of the national average.
Evansville's average listing price for 2025-03-01 was $321,349, a difference of $28,596 (9.8%) versus the prior year and $12,549 versus the prior month.
For the 2025-03-01 period, Evansville had 472 MLS listings, a difference of 1 listings (0%) versus the prior month and 89 listings (23%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Evansville (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 81 days | 1,885 sqft |
| 2018-02-01 | 82 days | 1,846 sqft |
| 2018-03-01 | 73 days | 1,965 sqft |
| 2018-04-01 | 55 days | 1,997 sqft |
| 2018-05-01 | 45 days | 1,973 sqft |
| 2018-06-01 | 43 days | 1,958 sqft |
| 2018-07-01 | 45 days | 1,918 sqft |
| 2018-08-01 | 50 days | 1,903 sqft |
| 2018-09-01 | 57 days | 1,904 sqft |
| 2018-10-01 | 60 days | 1,939 sqft |
| 2018-11-01 | 60 days | 1,873 sqft |
| 2018-12-01 | 67 days | 1,861 sqft |
| 2019-01-01 | 74 days | 1,842 sqft |
| 2019-02-01 | 72 days | 1,845 sqft |
| 2019-03-01 | 68 days | 1,913 sqft |
| 2019-04-01 | 60 days | 2,012 sqft |
| 2019-05-01 | 47 days | 1,984 sqft |
| 2019-06-01 | 52 days | 1,971 sqft |
| 2019-07-01 | 52 days | 1,947 sqft |
| 2019-08-01 | 52 days | 1,897 sqft |
| 2019-09-01 | 52 days | 1,845 sqft |
| 2019-10-01 | 53 days | 1,815 sqft |
| 2019-11-01 | 65 days | 1,819 sqft |
| 2019-12-01 | 80 days | 1,744 sqft |
| 2020-01-01 | 87 days | 1,704 sqft |
| 2020-02-01 | 87 days | 1,734 sqft |
| 2020-03-01 | 59 days | 1,884 sqft |
| 2020-04-01 | 54 days | 1,904 sqft |
| 2020-05-01 | 57 days | 1,916 sqft |
| 2020-06-01 | 50 days | 1,990 sqft |
| 2020-07-01 | 45 days | 1,913 sqft |
| 2020-08-01 | 46 days | 1,920 sqft |
| 2020-09-01 | 35 days | 1,888 sqft |
| 2020-10-01 | 36 days | 1,790 sqft |
| 2020-11-01 | 41 days | 1,782 sqft |
| 2020-12-01 | 46 days | 1,645 sqft |
| 2021-01-01 | 58 days | 1,690 sqft |
| 2021-02-01 | 59 days | 1,653 sqft |
| 2021-03-01 | 31 days | 1,690 sqft |
| 2021-04-01 | 24 days | 1,813 sqft |
| 2021-05-01 | 23 days | 1,787 sqft |
| 2021-06-01 | 22 days | 1,862 sqft |
| 2021-07-01 | 24 days | 1,886 sqft |
| 2021-08-01 | 25 days | 1,800 sqft |
| 2021-09-01 | 39 days | 1,799 sqft |
| 2021-10-01 | 37 days | 1,822 sqft |
| 2021-11-01 | 35 days | 1,803 sqft |
| 2021-12-01 | 45 days | 1,773 sqft |
| 2022-01-01 | 54 days | 1,827 sqft |
| 2022-02-01 | 49 days | 1,802 sqft |
| 2022-03-01 | 29 days | 1,665 sqft |
| 2022-04-01 | 19 days | 1,809 sqft |
| 2022-05-01 | 20 days | 1,851 sqft |
| 2022-06-01 | 22 days | 1,959 sqft |
| 2022-07-01 | 26 days | 1,824 sqft |
| 2022-08-01 | 36 days | 1,881 sqft |
| 2022-09-01 | 40 days | 1,909 sqft |
| 2022-10-01 | 43 days | 1,920 sqft |
| 2022-11-01 | 45 days | 1,902 sqft |
| 2022-12-01 | 56 days | 1,895 sqft |
| 2023-01-01 | 64 days | 1,972 sqft |
| 2023-02-01 | 60 days | 2,036 sqft |
| 2023-03-01 | 47 days | 2,037 sqft |
| 2023-04-01 | 38 days | 2,008 sqft |
| 2023-05-01 | 32 days | 2,014 sqft |
| 2023-06-01 | 38 days | 2,033 sqft |
| 2023-07-01 | 36 days | 2,031 sqft |
| 2023-08-01 | 31 days | 1,981 sqft |
| 2023-09-01 | 36 days | 1,940 sqft |
| 2023-10-01 | 36 days | 1,856 sqft |
| 2023-11-01 | 41 days | 1,754 sqft |
| 2023-12-01 | 51 days | 1,728 sqft |
| 2024-01-01 | 60 days | 1,722 sqft |
| 2024-02-01 | 56 days | 1,746 sqft |
| 2024-03-01 | 53 days | 1,800 sqft |
| 2024-04-01 | 42 days | 1,769 sqft |
| 2024-05-01 | 42 days | 1,876 sqft |
| 2024-06-01 | 42 days | 1,855 sqft |
| 2024-07-01 | 43 days | 1,838 sqft |
| 2024-08-01 | 43 days | 1,813 sqft |
| 2024-09-01 | 41 days | 1,799 sqft |
| 2024-10-01 | 44 days | 1,803 sqft |
| 2024-11-01 | 49 days | 1,824 sqft |
| 2024-12-01 | 58 days | 1,848 sqft |
| 2025-01-01 | 72 days | 1,868 sqft |
| 2025-02-01 | 71 days | 1,830 sqft |
| 2025-03-01 | 0 days | 1,868 sqft |
Evansville's median square footage for active listings during the 2025-03-01 period was 1,868 sqft. One year prior, the average listing was 1,800 sqft.