Fort Wayne USDA Loans
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 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
5.21%
for the week of 2022-05-13, compared to the national average (all USDA variants) of
5.294% for the same period.
The average rate for the prior week (2022-05-06) was
5.44% and
one month ago for the week of 2022-04-08, the
average rate was 4.8%.
The average rate one year ago was 3.02%.
For refis of the same type during the week of 2022-05-13, the average rate
was 5.19%.
Fort Wayne USDA Loan Lenders by Rates & Fees
The below table looks at the average fees and rates for USDA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Fort Wayne level.
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. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $169,900 (21.4%) | $239,791 (-1.8%) | 0.63 | 904 |
2018-02-01 | $176,400 (19.6%) | $248,445 (-3.3%) | 0.64 | 855 |
2018-03-01 | $188,000 (8.1%) | $267,116 (-10.3%) | 0.65 | 765 |
2018-04-01 | $193,450 (8.1%) | $278,525 (7.4%) | 0.65 | 736 |
2018-05-01 | $189,900 (5.6%) | $271,480 (5.1%) | 0.63 | 811 |
2018-06-01 | $194,900 (10.0%) | $273,985 (10.9%) | 0.65 | 861 |
2018-07-01 | $195,450 (11.7%) | $273,237 (10.5%) | 0.65 | 956 |
2018-08-01 | $189,900 (10.2%) | $260,944 (3.3%) | 0.63 | 1,017 |
2018-09-01 | $188,945 (8.0%) | $256,643 (-0.2%) | 0.63 | 1,090 |
2018-10-01 | $183,950 (8.3%) | $254,678 (-1.2%) | 0.62 | 1,083 |
2018-11-01 | $179,900 (8.1%) | $249,717 (-1.5%) | 0.60 | 1,065 |
2018-12-01 | $179,900 (12.4%) | $252,227 (8.9%) | 0.62 | 924 |
2019-01-01 | $182,400 (7.4%) | $253,917 (5.9%) | 0.63 | 832 |
2019-02-01 | $198,900 (12.8%) | $271,460 (9.3%) | 0.67 | 720 |
2019-03-01 | $214,900 (14.3%) | $274,931 (2.9%) | 0.70 | 627 |
2019-04-01 | $232,936 (20.4%) | $274,844 (-1.3%) | 0.73 | 529 |
2019-05-01 | $231,900 (22.1%) | $278,610 (2.6%) | 0.71 | 543 |
2019-06-01 | $229,500 (17.8%) | $274,541 (0.2%) | 0.71 | 637 |
2019-07-01 | $227,400 (16.4%) | $273,818 (0.2%) | 0.71 | 714 |
2019-08-01 | $209,900 (10.5%) | $264,216 (1.3%) | 0.66 | 813 |
2019-09-01 | $192,400 (1.8%) | $249,724 (-2.7%) | 0.61 | 893 |
2019-10-01 | $198,400 (7.9%) | $256,715 (0.8%) | 0.63 | 935 |
2019-11-01 | $189,900 (5.6%) | $250,563 (0.3%) | 0.61 | 904 |
2019-12-01 | $193,000 (7.3%) | $249,633 (-1.0%) | 0.64 | 810 |
2020-01-01 | $199,307 (9.3%) | $250,054 (-1.5%) | 0.66 | 673 |
2020-02-01 | $224,900 (13.1%) | $279,587 (3.0%) | 0.73 | 570 |
2020-03-01 | $245,900 (14.4%) | $294,062 (7.0%) | 0.77 | 544 |
2020-04-01 | $235,975 (1.3%) | $286,644 (4.3%) | 0.74 | 554 |
2020-05-01 | $237,500 (2.4%) | $283,684 (1.8%) | 0.72 | 542 |
2020-06-01 | $234,950 (2.4%) | $285,912 (4.1%) | 0.69 | 474 |
2020-07-01 | $234,400 (3.1%) | $296,154 (8.2%) | 0.67 | 469 |
2020-08-01 | $233,000 (11.0%) | $292,682 (10.8%) | 0.67 | 467 |
2020-09-01 | $219,950 (14.3%) | $273,308 (9.4%) | 0.63 | 477 |
2020-10-01 | $214,900 (8.3%) | $280,501 (9.3%) | 0.61 | 442 |
2020-11-01 | $219,900 (15.8%) | $280,541 (12.0%) | 0.63 | 404 |
2020-12-01 | $218,900 (13.4%) | $279,930 (12.1%) | 0.64 | 348 |
2021-01-01 | $220,000 (10.4%) | $281,192 (12.5%) | 0.65 | 297 |
2021-02-01 | $231,938 (3.1%) | $294,684 (5.4%) | 0.67 | 256 |
2021-03-01 | $234,845 (-4.5%) | $280,102 (-4.8%) | 0.66 | 231 |
2021-04-01 | $245,395 (4.0%) | $298,026 (4.0%) | 0.66 | 198 |
2021-05-01 | $249,900 (5.2%) | $303,837 (7.1%) | 0.66 | 210 |
2021-06-01 | $234,124 (-0.4%) | $306,497 (7.2%) | 0.61 | 253 |
2021-07-01 | $238,200 (1.6%) | $323,369 (9.2%) | 0.62 | 281 |
2021-08-01 | $239,900 (3.0%) | $300,417 (2.6%) | 0.63 | 369 |
2021-09-01 | $226,950 (3.2%) | $289,568 (6.0%) | 0.60 | 382 |
2021-10-01 | $224,900 (4.7%) | $284,860 (1.6%) | 0.59 | 371 |
2021-11-01 | $227,500 (3.5%) | $290,974 (3.7%) | 0.60 | 375 |
2021-12-01 | $232,450 (6.2%) | $290,286 (3.7%) | 0.62 | 344 |
2022-01-01 | $249,900 (13.6%) | $304,434 (8.3%) | 0.67 | 257 |
2022-02-01 | $289,900 (25.0%) | $325,185 (10.4%) | 0.74 | 237 |
2022-03-01 | $254,950 (8.6%) | $304,904 (8.9%) | 0.63 | 226 |
2022-04-01 | $270,000 (10.0%) | $313,486 (5.2%) | 0.64 | 216 |
Fort Wayne's median listing price comes in at 64% of the national average.
Fort Wayne's average listing price for 2022-04-01 was $313,486, a difference of $15,460 (5.2%) versus the prior year and $8,582 versus the prior month.
For the 2022-04-01 period, Fort Wayne had 216 MLS listings, a difference of -10 listings (-4%) versus the prior month and 18 listings (9%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Fort Wayne (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 70 days | 1,865 sqft |
2018-02-01 | 59 days | 1,882 sqft |
2018-03-01 | 48 days | 1,960 sqft |
2018-04-01 | 41 days | 1,984 sqft |
2018-05-01 | 31 days | 1,958 sqft |
2018-06-01 | 31 days | 2,031 sqft |
2018-07-01 | 32 days | 2,054 sqft |
2018-08-01 | 36 days | 1,961 sqft |
2018-09-01 | 40 days | 1,956 sqft |
2018-10-01 | 41 days | 1,956 sqft |
2018-11-01 | 46 days | 1,941 sqft |
2018-12-01 | 59 days | 1,922 sqft |
2019-01-01 | 63 days | 1,897 sqft |
2019-02-01 | 61 days | 1,893 sqft |
2019-03-01 | 63 days | 1,901 sqft |
2019-04-01 | 55 days | 1,918 sqft |
2019-05-01 | 36 days | 1,993 sqft |
2019-06-01 | 35 days | 2,006 sqft |
2019-07-01 | 34 days | 1,944 sqft |
2019-08-01 | 37 days | 1,891 sqft |
2019-09-01 | 42 days | 1,853 sqft |
2019-10-01 | 44 days | 1,898 sqft |
2019-11-01 | 44 days | 1,894 sqft |
2019-12-01 | 50 days | 1,881 sqft |
2020-01-01 | 59 days | 1,878 sqft |
2020-02-01 | 59 days | 1,957 sqft |
2020-03-01 | 39 days | 1,981 sqft |
2020-04-01 | 40 days | 1,938 sqft |
2020-05-01 | 45 days | 1,951 sqft |
2020-06-01 | 42 days | 1,949 sqft |
2020-07-01 | 38 days | 1,967 sqft |
2020-08-01 | 35 days | 1,968 sqft |
2020-09-01 | 34 days | 1,895 sqft |
2020-10-01 | 35 days | 1,910 sqft |
2020-11-01 | 38 days | 1,914 sqft |
2020-12-01 | 40 days | 1,865 sqft |
2021-01-01 | 44 days | 1,818 sqft |
2021-02-01 | 43 days | 1,795 sqft |
2021-03-01 | 40 days | 1,776 sqft |
2021-04-01 | 37 days | 1,837 sqft |
2021-05-01 | 21 days | 1,909 sqft |
2021-06-01 | 14 days | 1,878 sqft |
2021-07-01 | 22 days | 1,914 sqft |
2021-08-01 | 25 days | 1,859 sqft |
2021-09-01 | 30 days | 1,833 sqft |
2021-10-01 | 31 days | 1,846 sqft |
2021-11-01 | 30 days | 1,788 sqft |
2021-12-01 | 40 days | 1,724 sqft |
2022-01-01 | 46 days | 1,780 sqft |
2022-02-01 | 30 days | 1,812 sqft |
2022-03-01 | 30 days | 1,776 sqft |
2022-04-01 | 24 days | 1,828 sqft |
Fort Wayne's median square footage for active listings during the 2022-04-01 period was 1,828 sqft. One year prior, the average listing was 1,837 sqft.