Fort Wayne USDA Loan Rates, Closing Costs & Stats

FORT WAYNE, IN

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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.

    Fort Wayne's 30 lenders originated 129 USDA loans during 2021. The total origination value was $23,795,000, with an average USDA loan value of $184,457.

    Fort Wayne USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Fort Wayne averaged 0.11% for the week of 2022-11-25, compared to the national average (all USDA variants) of 0% for the same period.

    Fort Wayne's average USDA mortgage closing costs are $3,525.

    The average rate for the prior week (2022-11-18) was 6.66% and one month ago for the week of 2022-10-21, the average rate was 7.18%.

    The average rate one year ago was 3.42%.

    For refis of the same type during the week of 2022-11-25, the average rate was -0.21%.

    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 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
    RUOFF MORTGAGE COMPANY, INC. 37 3.17% $3,156
    ACADEMY MORTGAGE CORPORATION 15 2.98% $5,850
    HALLMARK HOME MORTGAGE, LLC 9 3.11% $4,628
    CALIBER HOME LOANS, INC. 7 2.61% $4,881
    UNION HOME MORTGAGE CORP. 5 2.95% $4,674
    V.I.P. MORTGAGE, INC. 5 3.25% $5,846
    GVC MORTGAGE, INC. 5 3.53% $4,967
    VAN DYK MORTGAGE CORPORATION 5 3.08% $2,718
    Union Savings Bank 5 2.50% $4,412
    Fifth Third Bank 4 3.13% $4,573
    DIAMOND RESIDENTIAL MORTGAGE CORPORATION 3 2.79% $4,245
    PENNYMAC LOAN SERVICES, LLC 2 2.94% $4,590
    PLAZA HOME MORTGAGE, INC. 2 3.18% $3,601
    POLARIS HOME FUNDING CORP. 2 3.25% $7,094
    AMERICAN MORTGAGE SERVICE COMPANY 2 3.19% $3,983
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 2 3.38% $5,958
    MID AMERICA MORTGAGE, INC. 1 2.88% $3,474
    Colten Mortgage, LLC 1 3.13% $4,916
    CROSSCOUNTRY MORTGAGE, LLC 1 2.99% $4,671
    DHI MORTGAGE COMPANY, LTD. 1 3.13% $3,333
    First Guaranty Mortgage Corporation 1 2.88% $6,643
    LENDUS, LLC 1 2.75% $3,661
    MICHIGAN MUTUAL, INC. 1 2.50% $4,830
    1st Source Bank 1 3.63% $5,097
    MUTUAL OF OMAHA MORTGAGE, INC. 1 2.25% $3,155
    Nations Lending Corporation 1 3.25% $4,218
    PNC Bank 1 3.13% $3,948
    PRIMARY RESIDENTIAL MORTGAGE, INC. 1 3.38% $5,962
    ProFed Federal Credit Union 1 2.88% $3,972
    SUCCESS MORTGAGE PARTNERS, INC. 1 3.50% $6,809

    The top Fort Wayne USDA lender as defined by loan originations is RUOFF MORTGAGE COMPANY, INC., with 37 USDA loans originated. Their average total fees are $3,156, which is $2,694 lower than the next largest lender, ACADEMY MORTGAGE CORPORATION.

    The lowest fee Fort Wayne USDA lenders (with over 10 loans originated) are RUOFF MORTGAGE COMPANY, INC. ($3,156), ACADEMY MORTGAGE CORPORATION ($5,850), .

    The lowest rate Fort Wayne USDA lenders (with over 10 loans originated) are ACADEMY MORTGAGE CORPORATION (2.98%), RUOFF MORTGAGE COMPANY, INC. (3.17%), .

    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%) $246,025 (6.6%) 0.65 853
    2018-02-01 $182,700 (15.0%) $256,026 (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 $193,268 (0.6%) $284,603 (4.6%) 0.65 756
    2018-06-01 $198,250 (5.8%) $284,848 (10.2%) 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 (-1.3%) 0.64 1,019
    2018-11-01 $185,435 (7.9%) $260,050 (-1.5%) 0.63 1,008
    2018-12-01 $185,000 (8.9%) $261,931 (9.0%) 0.64 878
    2019-01-01 $187,400 (7.1%) $263,063 (6.9%) 0.65 792
    2019-02-01 $208,450 (14.1%) $282,788 (10.5%) 0.70 687
    2019-03-01 $221,043 (16.2%) $283,791 (2.5%) 0.72 608
    2019-04-01 $234,043 (17.5%) $281,593 (-3.1%) 0.74 523
    2019-05-01 $235,150 (21.7%) $286,116 (0.5%) 0.74 541
    2019-06-01 $231,662 (16.9%) $284,189 (-0.2%) 0.72 627
    2019-07-01 $229,900 (15.6%) $284,290 (0.3%) 0.72 697
    2019-08-01 $221,745 (14.4%) $281,568 (4.0%) 0.70 755
    2019-09-01 $209,513 (8.5%) $273,307 (2.3%) 0.67 841
    2019-10-01 $199,950 (5.3%) $265,227 (0.2%) 0.65 905
    2019-11-01 $199,757 (7.7%) $258,839 (-0.5%) 0.65 881
    2019-12-01 $204,808 (10.7%) $261,372 (-0.2%) 0.68 783
    2020-01-01 $208,329 (11.2%) $261,546 (-0.6%) 0.70 663
    2020-02-01 $234,900 (12.7%) $292,944 (3.6%) 0.77 545
    2020-03-01 $251,300 (13.7%) $302,468 (6.6%) 0.79 530
    2020-04-01 $241,700 (3.3%) $293,537 (4.2%) 0.76 547
    2020-05-01 $239,900 (2.0%) $288,441 (0.8%) 0.73 547
    2020-06-01 $239,900 (3.6%) $292,833 (3.0%) 0.71 468
    2020-07-01 $237,932 (3.5%) $306,142 (7.7%) 0.69 464
    2020-08-01 $234,900 (5.9%) $303,956 (8.0%) 0.67 460
    2020-09-01 $224,550 (7.2%) $282,471 (3.4%) 0.64 475
    2020-10-01 $219,900 (10.0%) $287,043 (8.2%) 0.63 436
    2020-11-01 $220,000 (10.1%) $286,866 (10.8%) 0.64 407
    2020-12-01 $219,450 (7.2%) $285,854 (9.4%) 0.65 340
    2021-01-01 $220,860 (6.0%) $285,926 (9.3%) 0.66 288
    2021-02-01 $230,900 (-1.7%) $293,305 (0.1%) 0.67 256
    2021-03-01 $233,714 (-7.0%) $280,306 (-7.3%) 0.66 239
    2021-04-01 $245,900 (1.7%) $301,508 (2.7%) 0.67 206
    2021-05-01 $245,000 (2.1%) $304,824 (5.7%) 0.65 210
    2021-06-01 $227,450 (-5.2%) $303,292 (3.6%) 0.60 255
    2021-07-01 $249,900 (5.0%) $335,723 (9.7%) 0.66 298
    2021-08-01 $249,900 (6.4%) $309,783 (1.9%) 0.67 369
    2021-09-01 $232,369 (3.5%) $297,881 (5.5%) 0.62 377
    2021-10-01 $222,450 (1.2%) $284,982 (-0.7%) 0.59 366
    2021-11-01 $231,950 (5.4%) $293,311 (2.3%) 0.62 372
    2021-12-01 $231,416 (5.5%) $288,126 (0.8%) 0.63 347
    2022-01-01 $249,900 (13.2%) $304,133 (6.4%) 0.68 256
    2022-02-01 $288,700 (25.0%) $325,807 (11.1%) 0.75 235
    2022-03-01 $259,050 (10.8%) $305,831 (9.1%) 0.65 230
    2022-04-01 $269,900 (9.8%) $313,351 (3.9%) 0.64 247
    2022-05-01 $279,950 (14.3%) $316,544 (3.8%) 0.64 323
    2022-06-01 $287,425 (26.4%) $319,394 (5.3%) 0.64 407
    2022-07-01 $288,250 (15.4%) $330,640 (-1.5%) 0.65 464
    2022-08-01 $297,450 (19.0%) $335,754 (8.4%) 0.69 463
    2022-09-01 $299,900 (29.1%) $337,373 (13.3%) 0.70 494
    2022-10-01 $295,000 (32.6%) $337,105 (18.3%) 0.69 569
    Fort Wayne's median listing price for 2022-10-01 was $295,000, a difference of $72,550 (32.6%) versus the prior year and $-4,900 versus the prior month.

    Fort Wayne's median listing price comes in at 69% of the national average.

    Fort Wayne's average listing price for 2022-10-01 was $337,105, a difference of $52,123 (18.3%) versus the prior year and $-268 versus the prior month.

    For the 2022-10-01 period, Fort Wayne had 569 MLS listings, a difference of 75 listings (15%) versus the prior month and 203 listings (55%) 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 68 days 1,881 sqft
    2018-02-01 58 days 1,902 sqft
    2018-03-01 47 days 1,982 sqft
    2018-04-01 43 days 2,031 sqft
    2018-05-01 31 days 1,990 sqft
    2018-06-01 30 days 2,079 sqft
    2018-07-01 31 days 2,078 sqft
    2018-08-01 35 days 1,987 sqft
    2018-09-01 40 days 1,979 sqft
    2018-10-01 41 days 1,983 sqft
    2018-11-01 45 days 1,972 sqft
    2018-12-01 58 days 1,939 sqft
    2019-01-01 64 days 1,921 sqft
    2019-02-01 61 days 1,925 sqft
    2019-03-01 53 days 1,917 sqft
    2019-04-01 50 days 1,924 sqft
    2019-05-01 32 days 2,009 sqft
    2019-06-01 31 days 2,034 sqft
    2019-07-01 32 days 1,980 sqft
    2019-08-01 34 days 1,961 sqft
    2019-09-01 38 days 1,937 sqft
    2019-10-01 42 days 1,919 sqft
    2019-11-01 43 days 1,909 sqft
    2019-12-01 51 days 1,905 sqft
    2020-01-01 59 days 1,907 sqft
    2020-02-01 60 days 1,979 sqft
    2020-03-01 35 days 1,997 sqft
    2020-04-01 40 days 1,942 sqft
    2020-05-01 42 days 1,977 sqft
    2020-06-01 39 days 1,970 sqft
    2020-07-01 38 days 1,980 sqft
    2020-08-01 33 days 1,971 sqft
    2020-09-01 30 days 1,904 sqft
    2020-10-01 35 days 1,917 sqft
    2020-11-01 35 days 1,912 sqft
    2020-12-01 41 days 1,876 sqft
    2021-01-01 39 days 1,820 sqft
    2021-02-01 39 days 1,782 sqft
    2021-03-01 29 days 1,779 sqft
    2021-04-01 27 days 1,838 sqft
    2021-05-01 15 days 1,890 sqft
    2021-06-01 10 days 1,833 sqft
    2021-07-01 16 days 1,938 sqft
    2021-08-01 23 days 1,878 sqft
    2021-09-01 25 days 1,851 sqft
    2021-10-01 28 days 1,843 sqft
    2021-11-01 27 days 1,801 sqft
    2021-12-01 36 days 1,726 sqft
    2022-01-01 45 days 1,792 sqft
    2022-02-01 24 days 1,797 sqft
    2022-03-01 26 days 1,774 sqft
    2022-04-01 18 days 1,805 sqft
    2022-05-01 16 days 1,893 sqft
    2022-06-01 21 days 1,941 sqft
    2022-07-01 25 days 1,978 sqft
    2022-08-01 26 days 1,936 sqft
    2022-09-01 25 days 1,962 sqft
    2022-10-01 30 days 1,908 sqft
    Fort Wayne's median listing age (time on market) for 2022-10-01 was 30 days. This is 7% longer than the same period one year ago.

    Fort Wayne's median square footage for active listings during the 2022-10-01 period was 1,908 sqft. One year prior, the average listing was 1,843 sqft.