Flint USDA Loan Rates, Closing Costs & Stats

FLINT, MI

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.

Flint's 37 lenders originated 168 USDA loans during 2022. The total origination value was $27,500,000, with an average USDA loan value of $163,690.

Flint USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Flint averaged 6.71% for the week of 2024-03-15, compared to the national average (all USDA variants) of 6.587% for the same period.

Flint's average USDA mortgage closing costs are $5,174.

The average rate for the prior week (2024-03-08) was 6.31% and one month ago for the week of 2024-02-09, the average rate was 6.25%.

The average rate one year ago was 6.74%.

For refis of the same type during the week of 2024-03-15, the average rate was 5.37%.

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

Flint 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 Flint level.

Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
J. VIRGIL, INC. 33 4.98% $7,516
Preston Home Loans Inc 23 5.53% $6,437
LEGEND LENDING CORPORATION 13 6.43% $4,284
MID AMERICA MORTGAGE, INC. 10 6.00% $4,178
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 7 4.61% $5,904
Flagstar Bank, FSB 6 4.04% $6,563
UNITED WHOLESALE MORTGAGE, LLC 5 3.13% $7,141
CALIBER HOME LOANS, INC. 5 4.22% $5,406
MORTGAGE 1 INCORPORATED 5 5.65% $6,408
HOME POINT FINANCIAL CORPORATION 4 4.81% $4,945
Frankenmuth Credit Union 2 6.31% $4,357
BLG HOLDINGS, INC. 2 4.63% $8,056
GENEVA FINANCIAL, LLC 2 5.38% $6,299
First State Bank 2 5.38% $5,760
UNION HOME MORTGAGE CORP. 2 5.56% $6,477
MEMBER FIRST MORTGAGE, LLC 1 5.50% $5,456
ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 4.13% $5,940
ACADEMY MORTGAGE CORPORATION 1 3.88% $6,057
Mortgage Research Center, LLC 1 7.25% $2,762
Paramount Residential Mortgage Group, Inc. 1 3.75% $6,938
PENNYMAC LOAN SERVICES, LLC 1 3.25% $3,715
PLAZA HOME MORTGAGE, INC. 1 5.75% $7,320
AMERIFIRST FINANCIAL CORPORATION 1 3.88% $5,519
Prosperity Home Mortgage, LLC 1 3.88% $5,124
ROSS MORTGAGE CORPORATION 1 5.50% $0
Sierra Pacific Mortgage Company, Inc. 1 3.13% $6,222
SUCCESS MORTGAGE PARTNERS, INC. 1 5.13% $8,838
The Dart Bank 1 5.25% $5,404
The Huntington National Bank 1 3.38% $4,110
TOWNE MORTGAGE COMPANY 1 5.25% $10,260
EVERETT FINANCIAL, INC. 1 5.13% $4,302
ENVOY MORTGAGE, LTD 1 3.88% $5,673
DAS Acquisition Company, LLC 1 7.13% $4,085
CROSSCOUNTRY MORTGAGE, LLC 1 7.63% $3,683
Independent Bank 1 4.38% $4,077
Bank of England 1 5.63% $9,293
LOANDEPOT.COM, LLC 1 3.75% $6,799

The top Flint USDA lender as defined by loan originations is J. VIRGIL, INC., with 33 USDA loans originated. Their average total fees are $7,516, which is $1,079 higher than the next largest lender, Preston Home Loans Inc.

The lowest fee Flint USDA lenders (with over 10 loans originated) are MID AMERICA MORTGAGE, INC. ($4,178), LEGEND LENDING CORPORATION ($4,284), Preston Home Loans Inc ($6,437), J. VIRGIL, INC. ($7,516) and .

The lowest rate Flint USDA lenders (with over 10 loans originated) are J. VIRGIL, INC. (4.98%), Preston Home Loans Inc (5.53%), MID AMERICA MORTGAGE, INC. (6.00%), LEGEND LENDING CORPORATION (6.43%) and .


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Flint (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 $139,900 (16.7%) $192,303 (16.1%) 0.52 1,039
2018-02-01 $148,950 (19.3%) $197,785 (16.8%) 0.54 973
2018-03-01 $155,000 (24.1%) $204,875 (16.2%) 0.54 948
2018-04-01 $167,675 (29.1%) $215,845 (16.1%) 0.57 959
2018-05-01 $169,425 (21.1%) $218,269 (13.3%) 0.57 1,064
2018-06-01 $169,900 (15.0%) $214,097 (8.7%) 0.57 1,126
2018-07-01 $169,450 (13.0%) $211,966 (7.8%) 0.57 1,192
2018-08-01 $166,000 (10.7%) $209,472 (7.4%) 0.56 1,348
2018-09-01 $162,500 (8.4%) $207,226 (6.5%) 0.55 1,422
2018-10-01 $159,000 (1.6%) $201,804 (1.2%) 0.54 1,417
2018-11-01 $151,500 (1.1%) $196,307 (0.0%) 0.51 1,397
2018-12-01 $144,900 (3.6%) $190,240 (-0.4%) 0.50 1,329
2019-01-01 $144,600 (3.4%) $189,537 (-1.4%) 0.50 1,214
2019-02-01 $149,450 (0.3%) $193,158 (-2.3%) 0.50 1,109
2019-03-01 $156,393 (0.9%) $202,812 (-1.0%) 0.51 1,059
2019-04-01 $165,000 (-1.6%) $215,878 (0.0%) 0.52 1,020
2019-05-01 $179,900 (6.2%) $227,672 (4.3%) 0.56 1,046
2019-06-01 $179,900 (5.9%) $225,857 (5.5%) 0.56 1,186
2019-07-01 $182,298 (7.6%) $228,108 (7.6%) 0.57 1,252
2019-08-01 $180,809 (8.9%) $222,769 (6.4%) 0.57 1,292
2019-09-01 $174,673 (7.5%) $213,785 (3.2%) 0.56 1,357
2019-10-01 $169,573 (6.7%) $206,466 (2.3%) 0.55 1,405
2019-11-01 $169,900 (12.2%) $210,543 (7.3%) 0.56 1,297
2019-12-01 $165,370 (14.1%) $212,347 (11.6%) 0.55 1,198
2020-01-01 $165,947 (14.8%) $215,236 (13.6%) 0.55 1,086
2020-02-01 $169,000 (13.1%) $216,576 (12.1%) 0.55 1,006
2020-03-01 $179,900 (15.0%) $225,904 (11.4%) 0.56 946
2020-04-01 $182,870 (10.8%) $226,481 (4.9%) 0.57 877
2020-05-01 $189,850 (5.5%) $233,420 (2.5%) 0.58 871
2020-06-01 $197,375 (9.7%) $250,995 (11.1%) 0.58 762
2020-07-01 $199,900 (9.7%) $261,878 (14.8%) 0.58 690
2020-08-01 $209,900 (16.1%) $275,079 (23.5%) 0.60 668
2020-09-01 $204,988 (17.4%) $268,552 (25.6%) 0.59 650
2020-10-01 $199,900 (17.9%) $260,928 (26.4%) 0.57 626
2020-11-01 $199,900 (17.7%) $262,430 (24.6%) 0.58 570
2020-12-01 $189,950 (14.9%) $260,205 (22.5%) 0.56 526
2021-01-01 $179,900 (8.4%) $258,080 (19.9%) 0.54 470
2021-02-01 $175,000 (3.6%) $271,029 (25.1%) 0.51 406
2021-03-01 $179,900 (0.0%) $261,269 (15.7%) 0.51 427
2021-04-01 $179,900 (-1.6%) $260,140 (14.9%) 0.49 465
2021-05-01 $185,000 (-2.6%) $255,205 (9.3%) 0.49 506
2021-06-01 $192,500 (-2.5%) $257,043 (2.4%) 0.51 591
2021-07-01 $199,900 (0.0%) $269,783 (3.0%) 0.53 651
2021-08-01 $209,925 (0.0%) $264,262 (-3.9%) 0.56 735
2021-09-01 $189,800 (-7.4%) $248,279 (-7.6%) 0.51 765
2021-10-01 $189,900 (-5.0%) $252,047 (-3.4%) 0.51 789
2021-11-01 $176,450 (-11.7%) $245,392 (-6.5%) 0.47 734
2021-12-01 $174,900 (-7.9%) $244,614 (-6.0%) 0.47 656
2022-01-01 $172,400 (-4.2%) $241,668 (-6.4%) 0.47 597
2022-02-01 $175,963 (0.6%) $258,762 (-4.5%) 0.46 539
2022-03-01 $199,950 (11.2%) $262,465 (0.5%) 0.50 553
2022-04-01 $214,950 (19.5%) $267,178 (2.7%) 0.51 575
2022-05-01 $219,900 (18.9%) $276,155 (8.2%) 0.50 645
2022-06-01 $234,975 (22.1%) $287,652 (11.9%) 0.52 726
2022-07-01 $220,000 (10.1%) $275,275 (2.0%) 0.50 959
2022-08-01 $219,900 (4.8%) $266,990 (1.0%) 0.51 1,025
2022-09-01 $214,900 (13.2%) $266,044 (7.2%) 0.50 1,007
2022-10-01 $209,900 (10.5%) $259,385 (2.9%) 0.49 1,046
2022-11-01 $198,475 (12.5%) $251,224 (2.4%) 0.48 1,049
2022-12-01 $185,000 (5.8%) $244,001 (-0.3%) 0.46 947
2023-01-01 $181,950 (5.5%) $247,261 (2.3%) 0.45 821
2023-02-01 $189,338 (7.6%) $257,628 (-0.4%) 0.46 746
2023-03-01 $181,975 (-9.0%) $253,016 (-3.6%) 0.43 662
2023-04-01 $184,250 (-14.3%) $258,197 (-3.4%) 0.43 614
2023-05-01 $184,925 (-15.9%) $259,006 (-6.2%) 0.42 638
2023-06-01 $179,450 (-23.6%) $261,576 (-9.1%) 0.40 649
2023-07-01 $207,500 (-5.7%) $268,610 (-2.4%) 0.47 654
2023-08-01 $209,925 (-4.5%) $260,099 (-2.6%) 0.48 742
2023-09-01 $199,900 (-7.0%) $254,818 (-4.2%) 0.47 794
2023-10-01 $192,000 (-8.5%) $252,667 (-2.6%) 0.45 829
2023-11-01 $199,900 (0.7%) $254,377 (1.3%) 0.48 827
2023-12-01 $198,950 (7.5%) $249,611 (2.3%) 0.49 804
2024-01-01 $192,425 (5.8%) $251,190 (1.6%) 0.47 711
Flint's median listing price for 2024-01-01 was $192,425, a difference of $10,475 (5.8%) versus the prior year and $-6,525 versus the prior month.

Flint's median listing price comes in at 47% of the national average.

Flint's average listing price for 2024-01-01 was $251,190, a difference of $3,929 (1.6%) versus the prior year and $1,579 versus the prior month.

For the 2024-01-01 period, Flint had 711 MLS listings, a difference of -93 listings (-12%) versus the prior month and -110 listings (-13%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Flint (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 74 days 1,511 sqft
2018-02-01 68 days 1,551 sqft
2018-03-01 61 days 1,568 sqft
2018-04-01 48 days 1,615 sqft
2018-05-01 39 days 1,624 sqft
2018-06-01 38 days 1,602 sqft
2018-07-01 43 days 1,609 sqft
2018-08-01 40 days 1,607 sqft
2018-09-01 47 days 1,600 sqft
2018-10-01 51 days 1,587 sqft
2018-11-01 55 days 1,551 sqft
2018-12-01 62 days 1,504 sqft
2019-01-01 73 days 1,500 sqft
2019-02-01 69 days 1,500 sqft
2019-03-01 56 days 1,541 sqft
2019-04-01 46 days 1,576 sqft
2019-05-01 43 days 1,600 sqft
2019-06-01 38 days 1,614 sqft
2019-07-01 43 days 1,627 sqft
2019-08-01 46 days 1,613 sqft
2019-09-01 49 days 1,594 sqft
2019-10-01 51 days 1,570 sqft
2019-11-01 59 days 1,562 sqft
2019-12-01 67 days 1,580 sqft
2020-01-01 79 days 1,600 sqft
2020-02-01 73 days 1,600 sqft
2020-03-01 53 days 1,621 sqft
2020-04-01 67 days 1,623 sqft
2020-05-01 72 days 1,619 sqft
2020-06-01 40 days 1,676 sqft
2020-07-01 39 days 1,706 sqft
2020-08-01 33 days 1,766 sqft
2020-09-01 32 days 1,700 sqft
2020-10-01 31 days 1,691 sqft
2020-11-01 39 days 1,692 sqft
2020-12-01 45 days 1,603 sqft
2021-01-01 40 days 1,520 sqft
2021-02-01 34 days 1,455 sqft
2021-03-01 30 days 1,462 sqft
2021-04-01 25 days 1,462 sqft
2021-05-01 26 days 1,481 sqft
2021-06-01 26 days 1,500 sqft
2021-07-01 25 days 1,576 sqft
2021-08-01 29 days 1,494 sqft
2021-09-01 33 days 1,448 sqft
2021-10-01 36 days 1,478 sqft
2021-11-01 45 days 1,419 sqft
2021-12-01 51 days 1,422 sqft
2022-01-01 52 days 1,418 sqft
2022-02-01 41 days 1,435 sqft
2022-03-01 29 days 1,451 sqft
2022-04-01 32 days 1,451 sqft
2022-05-01 31 days 1,495 sqft
2022-06-01 31 days 1,537 sqft
2022-07-01 29 days 1,536 sqft
2022-08-01 39 days 1,546 sqft
2022-09-01 46 days 1,544 sqft
2022-10-01 45 days 1,516 sqft
2022-11-01 48 days 1,469 sqft
2022-12-01 59 days 1,420 sqft
2023-01-01 68 days 1,400 sqft
2023-02-01 65 days 1,428 sqft
2023-03-01 50 days 1,395 sqft
2023-04-01 40 days 1,400 sqft
2023-05-01 31 days 1,437 sqft
2023-06-01 33 days 1,406 sqft
2023-07-01 37 days 1,450 sqft
2023-08-01 35 days 1,450 sqft
2023-09-01 44 days 1,450 sqft
2023-10-01 43 days 1,425 sqft
2023-11-01 45 days 1,424 sqft
2023-12-01 53 days 1,376 sqft
2024-01-01 61 days 1,343 sqft
Flint's median listing age (time on market) for 2024-01-01 was 61 days. This is -11% shorter than the same period one year ago.

Flint's median square footage for active listings during the 2024-01-01 period was 1,343 sqft. One year prior, the average listing was 1,400 sqft.