Flint USDA Loan Rates, Closing Costs & Stats

FLINT, MI

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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.

    Flint's 20 lenders originated 73 USDA loans during 2023. The total origination value was $12,855,000, with an average USDA loan value of $176,096.

    Flint USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Flint averaged -0.1% for the week of 2024-11-15, compared to the national average (all USDA variants) of 0% for the same period.

    Flint's average USDA mortgage closing costs are $5,238.

    The average rate for the prior week (2024-11-08) was 6.66% and one month ago for the week of 2024-10-11, the average rate was 6.22%.

    The average rate one year ago was 7.35%.

    For refis of the same type during the week of 2024-11-15, the average rate was 0.34%.

    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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    J. VIRGIL, INC. 15 6.77% $6,375
    UNITED WHOLESALE MORTGAGE, LLC 5 6.47% $6,211
    UNION HOME MORTGAGE CORP. 5 6.60% $9,439
    Preston Home Loans Inc 5 6.93% $5,958
    PLAZA HOME MORTGAGE, INC. 4 5.87% $6,829
    Flagstar Bank, FSB 4 6.56% $4,968
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 4 6.59% $7,037
    BLG HOLDINGS, INC. 3 7.04% $8,540
    ELGA CREDIT UNION 2 6.94% $5,876
    MID AMERICA MORTGAGE, INC. 2 6.75% $7,634
    TOWNE MORTGAGE COMPANY 2 5.69% $7,214
    Dort Financial Credit Union 2 6.88% $4,278
    MORTGAGE 1 INCORPORATED 2 6.31% $7,692
    NEWREZ LLC 2 7.00% $5,542
    LEGEND LENDING CORPORATION 2 6.75% $7,191
    CALIBER HOME LOANS, INC. 1 6.75% $8,349
    GUARANTEED RATE, INC. 1 6.75% $6,124
    FIRST COMMUNITY MORTGAGE, INC. 1 7.13% $7,825
    The Huntington National Bank 1 6.63% $6,007
    Independent Bank 1 6.63% $4,537

    The top Flint USDA lender as defined by loan originations is J. VIRGIL, INC., with 15 USDA loans originated. Their average total fees are $6,375, which is $163 higher than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee Flint USDA lenders (with over 10 loans originated) are J. VIRGIL, INC. ($6,375), .

    The lowest rate Flint USDA lenders (with over 10 loans originated) are J. VIRGIL, INC. (6.77%), .

    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
    2024-02-01 $194,900 (2.9%) $255,432 (-0.9%) 0.47 648
    2024-03-01 $189,997 (4.4%) $253,860 (0.3%) 0.45 635
    2024-04-01 $202,500 (9.9%) $258,529 (0.1%) 0.47 645
    2024-05-01 $199,950 (8.1%) $268,714 (3.8%) 0.45 716
    2024-06-01 $199,900 (11.4%) $257,947 (-1.4%) 0.45 801
    2024-07-01 $199,500 (-3.9%) $259,088 (-3.6%) 0.46 851
    2024-08-01 $200,000 (-4.7%) $254,484 (-2.2%) 0.47 897
    2024-09-01 $192,425 (-3.7%) $237,906 (-6.6%) 0.45 928
    2024-10-01 $184,950 (-3.7%) $228,770 (-9.5%) 0.44 962
    Flint's median listing price for 2024-10-01 was $184,950, a difference of $-7,050 (-3.7%) versus the prior year and $-7,475 versus the prior month.

    Flint's median listing price comes in at 44% of the national average.

    Flint's average listing price for 2024-10-01 was $228,770, a difference of $-23,897 (-9.5%) versus the prior year and $-9,136 versus the prior month.

    For the 2024-10-01 period, Flint had 962 MLS listings, a difference of 34 listings (4%) versus the prior month and 133 listings (16%) 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
    2024-02-01 59 days 1,340 sqft
    2024-03-01 53 days 1,347 sqft
    2024-04-01 46 days 1,421 sqft
    2024-05-01 37 days 1,385 sqft
    2024-06-01 39 days 1,389 sqft
    2024-07-01 41 days 1,378 sqft
    2024-08-01 43 days 1,400 sqft
    2024-09-01 45 days 1,362 sqft
    2024-10-01 48 days 1,347 sqft
    Flint's median listing age (time on market) for 2024-10-01 was 48 days. This is 12% longer than the same period one year ago.

    Flint's median square footage for active listings during the 2024-10-01 period was 1,347 sqft. One year prior, the average listing was 1,425 sqft.