Fort Wayne USDA Loan Rates, Closing Costs & Stats

FORT WAYNE, IN

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.

Fort Wayne's 23 lenders originated 74 USDA loans during 2022. The total origination value was $14,820,000, with an average USDA loan value of $200,270.

Fort Wayne USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Fort Wayne averaged 6.47% for the week of 2024-03-01, compared to the national average (all USDA variants) of 6.729% for the same period.

Fort Wayne's average USDA mortgage closing costs are $3,743.

The average rate for the prior week (2024-02-23) was 6.72% and one month ago for the week of 2024-01-26, the average rate was 6.58%.

The average rate one year ago was 6.34%.

For refis of the same type during the week of 2024-03-01, the average rate was 5.34%.

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

Fort Wayne 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 Fort Wayne level.

Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
RUOFF MORTGAGE COMPANY, INC. 22 4.75% $3,982
V.I.P. MORTGAGE, INC. 8 5.23% $6,652
HALLMARK HOME MORTGAGE, LLC 7 4.77% $8,888
ACADEMY MORTGAGE CORPORATION 5 4.25% $7,592
GVC MORTGAGE, INC. 5 4.90% $5,229
PENNYMAC LOAN SERVICES, LLC 3 3.25% $4,916
CALIBER HOME LOANS, INC. 3 3.95% $5,648
PRIMARY RESIDENTIAL MORTGAGE, INC. 2 5.06% $5,226
AMERICAN MORTGAGE SERVICE COMPANY 2 6.44% $4,562
HOME POINT FINANCIAL CORPORATION 1 5.63% $5,286
LOANDEPOT.COM, LLC 1 7.63% $8,203
POLARIS HOME FUNDING CORP. 1 4.13% $5,770
ProFed Federal Credit Union 1 4.00% $3,225
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 6.63% $5,359
UNION HOME MORTGAGE CORP. 1 3.75% $5,945
Union Savings Bank 1 6.88% $2,620
UNITED WHOLESALE MORTGAGE, LLC 1 7.13% $5,574
VAN DYK MORTGAGE CORPORATION 1 5.63% $2,265
DIAMOND RESIDENTIAL MORTGAGE CORPORATION 1 5.63% $4,707
CARDINAL FINANCIAL 1 6.13% $6,436
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 3.38% $6,726
First Merchants Bank 1 5.25% $3,587
HOMEBRIDGE FINANCIAL SERVICES, INC. 1 5.88% $6,749

The top Fort Wayne USDA lender as defined by loan originations is RUOFF MORTGAGE COMPANY, INC., with 22 USDA loans originated. Their average total fees are $3,982, which is $2,670 lower than the next largest lender, V.I.P. MORTGAGE, INC..

The lowest fee Fort Wayne USDA lenders (with over 10 loans originated) are RUOFF MORTGAGE COMPANY, INC. ($3,982), .

The lowest rate Fort Wayne USDA lenders (with over 10 loans originated) are RUOFF MORTGAGE COMPANY, INC. (4.75%), .


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Fort Wayne (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 $174,950 (18.8%) $245,909 (6.6%) 0.65 854
2018-02-01 $182,700 (15.0%) $255,962 (5.5%) 0.66 815
2018-03-01 $190,272 (2.9%) $276,830 (4.9%) 0.67 715
2018-04-01 $199,200 (3.1%) $290,711 (6.7%) 0.68 687
2018-05-01 $193,450 (0.7%) $284,603 (4.6%) 0.65 756
2018-06-01 $198,250 (5.8%) $284,848 (10.3%) 0.66 787
2018-07-01 $198,950 (8.8%) $283,526 (9.4%) 0.66 895
2018-08-01 $193,808 (7.7%) $270,824 (2.1%) 0.65 963
2018-09-01 $193,085 (7.3%) $267,212 (-0.2%) 0.65 1,016
2018-10-01 $189,900 (7.8%) $264,584 (-1.2%) 0.64 1,019
2018-11-01 $185,435 (7.9%) $260,133 (-1.4%) 0.63 1,008
2018-12-01 $185,000 (8.9%) $261,931 (9.1%) 0.64 878
2019-01-01 $187,400 (7.1%) $263,063 (7.0%) 0.65 792
2019-02-01 $208,450 (14.1%) $282,788 (10.5%) 0.70 687
2019-03-01 $220,850 (16.1%) $283,291 (2.3%) 0.72 608
2019-04-01 $233,700 (17.3%) $280,713 (-3.4%) 0.74 521
2019-05-01 $235,549 (21.8%) $287,069 (0.9%) 0.74 538
2019-06-01 $234,900 (18.5%) $285,050 (0.1%) 0.73 623
2019-07-01 $229,900 (15.6%) $284,863 (0.5%) 0.72 692
2019-08-01 $221,745 (14.4%) $282,106 (4.2%) 0.70 750
2019-09-01 $209,513 (8.5%) $273,777 (2.5%) 0.67 836
2019-10-01 $199,950 (5.3%) $265,634 (0.4%) 0.65 900
2019-11-01 $199,614 (7.7%) $259,215 (-0.4%) 0.65 876
2019-12-01 $205,479 (11.1%) $261,811 (-0.1%) 0.69 778
2020-01-01 $208,500 (11.3%) $262,055 (-0.4%) 0.70 658
2020-02-01 $236,900 (13.7%) $293,866 (3.9%) 0.78 540
2020-03-01 $251,400 (13.8%) $303,516 (7.1%) 0.79 525
2020-04-01 $242,038 (3.6%) $294,461 (4.9%) 0.76 542
2020-05-01 $239,900 (1.9%) $289,314 (0.8%) 0.73 542
2020-06-01 $239,900 (2.1%) $293,929 (3.1%) 0.71 463
2020-07-01 $238,932 (3.9%) $307,411 (7.9%) 0.69 459
2020-08-01 $237,800 (7.2%) $305,151 (8.2%) 0.68 455
2020-09-01 $224,925 (7.4%) $283,435 (3.5%) 0.64 470
2020-10-01 $219,900 (10.0%) $288,148 (8.5%) 0.63 431
2020-11-01 $221,418 (10.9%) $288,020 (11.1%) 0.65 402
2020-12-01 $219,725 (6.9%) $287,222 (9.7%) 0.65 335
2021-01-01 $222,570 (6.8%) $287,538 (9.7%) 0.66 283
2021-02-01 $231,375 (-2.3%) $295,359 (0.5%) 0.67 251
2021-03-01 $237,045 (-5.7%) $282,150 (-7.0%) 0.67 234
2021-04-01 $247,688 (2.3%) $304,246 (3.3%) 0.67 201
2021-05-01 $249,450 (4.0%) $307,405 (6.3%) 0.66 205
2021-06-01 $230,762 (-3.8%) $305,472 (3.9%) 0.61 250
2021-07-01 $249,950 (4.6%) $338,101 (10.0%) 0.66 293
2021-08-01 $249,900 (5.1%) $311,285 (2.0%) 0.67 364
2021-09-01 $232,500 (3.4%) $299,280 (5.6%) 0.62 372
2021-10-01 $224,900 (2.3%) $286,206 (-0.7%) 0.60 361
2021-11-01 $231,950 (4.8%) $294,703 (2.3%) 0.62 367
2021-12-01 $232,400 (5.8%) $289,482 (0.8%) 0.63 342
2022-01-01 $249,900 (12.3%) $306,411 (6.6%) 0.68 251
2022-02-01 $289,073 (24.9%) $328,633 (11.3%) 0.75 230
2022-03-01 $261,175 (10.2%) $307,663 (9.0%) 0.65 225
2022-04-01 $274,950 (11.0%) $316,202 (3.9%) 0.66 242
2022-05-01 $281,725 (12.9%) $318,391 (3.6%) 0.64 318
2022-06-01 $288,140 (24.9%) $320,921 (5.1%) 0.64 402
2022-07-01 $289,600 (15.9%) $332,197 (-1.8%) 0.65 459
2022-08-01 $299,450 (19.8%) $337,318 (8.4%) 0.69 458
2022-09-01 $299,925 (29.0%) $338,893 (13.2%) 0.70 489
2022-10-01 $299,000 (33.0%) $338,341 (18.2%) 0.70 564
2022-11-01 $289,900 (25.0%) $335,193 (13.7%) 0.70 573
2022-12-01 $289,900 (24.7%) $329,821 (13.9%) 0.72 519
2023-01-01 $309,950 (24.0%) $350,731 (14.5%) 0.77 420
2023-02-01 $319,600 (10.6%) $368,481 (12.1%) 0.77 375
2023-03-01 $339,399 (30.0%) $401,810 (30.6%) 0.80 344
2023-04-01 $343,900 (25.1%) $392,544 (24.1%) 0.80 398
2023-05-01 $347,900 (23.5%) $406,860 (27.8%) 0.79 425
2023-06-01 $349,900 (21.4%) $410,903 (28.0%) 0.79 481
2023-07-01 $349,900 (20.8%) $409,221 (23.2%) 0.80 513
2023-08-01 $329,400 (10.0%) $389,689 (15.5%) 0.76 568
2023-09-01 $312,199 (4.1%) $379,774 (12.1%) 0.73 609
2023-10-01 $302,450 (1.2%) $370,164 (9.4%) 0.71 690
2023-11-01 $307,450 (6.1%) $364,164 (8.6%) 0.73 695
2023-12-01 $299,999 (3.5%) $359,171 (8.9%) 0.73 659
2024-01-01 $312,150 (0.7%) $367,476 (4.8%) 0.76 565
Fort Wayne's median listing price for 2024-01-01 was $312,150, a difference of $2,200 (0.7%) versus the prior year and $12,151 versus the prior month.

Fort Wayne's median listing price comes in at 76% of the national average.

Fort Wayne's average listing price for 2024-01-01 was $367,476, a difference of $16,745 (4.8%) versus the prior year and $8,305 versus the prior month.

For the 2024-01-01 period, Fort Wayne had 565 MLS listings, a difference of -94 listings (-14%) versus the prior month and 145 listings (35%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Fort Wayne (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 66 days 1,880 sqft
2018-02-01 54 days 1,900 sqft
2018-03-01 46 days 1,982 sqft
2018-04-01 41 days 2,031 sqft
2018-05-01 30 days 1,990 sqft
2018-06-01 30 days 2,079 sqft
2018-07-01 30 days 2,078 sqft
2018-08-01 34 days 1,987 sqft
2018-09-01 38 days 1,979 sqft
2018-10-01 39 days 1,983 sqft
2018-11-01 44 days 1,973 sqft
2018-12-01 57 days 1,939 sqft
2019-01-01 62 days 1,921 sqft
2019-02-01 57 days 1,925 sqft
2019-03-01 49 days 1,917 sqft
2019-04-01 45 days 1,925 sqft
2019-05-01 30 days 2,012 sqft
2019-06-01 30 days 2,034 sqft
2019-07-01 30 days 1,980 sqft
2019-08-01 33 days 1,961 sqft
2019-09-01 37 days 1,936 sqft
2019-10-01 40 days 1,918 sqft
2019-11-01 40 days 1,908 sqft
2019-12-01 49 days 1,905 sqft
2020-01-01 58 days 1,907 sqft
2020-02-01 58 days 1,979 sqft
2020-03-01 34 days 1,998 sqft
2020-04-01 40 days 1,938 sqft
2020-05-01 40 days 1,972 sqft
2020-06-01 38 days 1,968 sqft
2020-07-01 36 days 1,978 sqft
2020-08-01 31 days 1,968 sqft
2020-09-01 30 days 1,903 sqft
2020-10-01 33 days 1,914 sqft
2020-11-01 33 days 1,910 sqft
2020-12-01 39 days 1,874 sqft
2021-01-01 39 days 1,818 sqft
2021-02-01 37 days 1,780 sqft
2021-03-01 28 days 1,771 sqft
2021-04-01 24 days 1,837 sqft
2021-05-01 14 days 1,885 sqft
2021-06-01 9 days 1,845 sqft
2021-07-01 16 days 1,931 sqft
2021-08-01 21 days 1,876 sqft
2021-09-01 24 days 1,850 sqft
2021-10-01 26 days 1,843 sqft
2021-11-01 26 days 1,799 sqft
2021-12-01 34 days 1,725 sqft
2022-01-01 40 days 1,792 sqft
2022-02-01 22 days 1,794 sqft
2022-03-01 25 days 1,772 sqft
2022-04-01 17 days 1,802 sqft
2022-05-01 15 days 1,889 sqft
2022-06-01 19 days 1,939 sqft
2022-07-01 24 days 1,978 sqft
2022-08-01 25 days 1,930 sqft
2022-09-01 24 days 1,952 sqft
2022-10-01 29 days 1,906 sqft
2022-11-01 37 days 1,844 sqft
2022-12-01 56 days 1,832 sqft
2023-01-01 68 days 1,832 sqft
2023-02-01 58 days 1,861 sqft
2023-03-01 41 days 1,935 sqft
2023-04-01 29 days 1,880 sqft
2023-05-01 30 days 1,933 sqft
2023-06-01 31 days 2,007 sqft
2023-07-01 32 days 2,030 sqft
2023-08-01 33 days 1,992 sqft
2023-09-01 37 days 1,948 sqft
2023-10-01 37 days 1,952 sqft
2023-11-01 40 days 1,928 sqft
2023-12-01 50 days 1,910 sqft
2024-01-01 57 days 1,917 sqft
Fort Wayne's median listing age (time on market) for 2024-01-01 was 57 days. This is -16% shorter than the same period one year ago.

Fort Wayne's median square footage for active listings during the 2024-01-01 period was 1,917 sqft. One year prior, the average listing was 1,832 sqft.