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 15 lenders originated 33 USDA loans during 2023. The total origination value was $6,845,000, with an average USDA loan value of $207,424.
Fort Wayne USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Fort Wayne
averaged
7.2%
for the week of 2024-04-19, compared to the national average (all USDA variants) of
6.863% for the same period.
Fort Wayne's average USDA mortgage closing costs are $3,812.
The average rate for the prior week (2024-04-12) was
6.75% and
one month ago for the week of 2024-03-15, the
average rate was 6.93%.
The average rate one year ago was 6.67%.
For refis of the same type during the week of 2024-04-19, the average rate
was 7.19%.
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 | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
|---|---|---|---|
| RUOFF MORTGAGE COMPANY, INC. | 8 | 6.77% | $4,294 |
| DHI MORTGAGE COMPANY, LTD. | 6 | 5.51% | $4,900 |
| GVC MORTGAGE, INC. | 5 | 7.18% | $5,582 |
| CALIBER HOME LOANS, INC. | 2 | 6.25% | $4,902 |
| ACADEMY MORTGAGE CORPORATION | 2 | 7.25% | $5,247 |
| GENEVA FINANCIAL, LLC | 1 | 7.13% | $7,379 |
| GUILD MORTGAGE COMPANY | 1 | 7.13% | $6,683 |
| Nations Lending Corporation | 1 | 7.75% | $3,134 |
| NEWREZ LLC | 1 | 6.50% | $4,905 |
| STOCKTON MORTGAGE CORPORATION | 1 | 6.25% | $8,258 |
| Union Savings Bank | 1 | 6.88% | $3,555 |
| AMERICAN PACIFIC MORTGAGE CORPORATION | 1 | 6.00% | $7,700 |
| CARDINAL FINANCIAL | 1 | 7.25% | $3,443 |
| DIAMOND RESIDENTIAL MORTGAGE CORPORATION | 1 | 7.13% | $7,115 |
| Fifth Third Bank | 1 | 6.13% | $6,184 |
The top Fort Wayne USDA lender as defined by loan originations is RUOFF MORTGAGE COMPANY, INC., with
8 USDA loans originated. Their average total fees are
$4,294, which is $606
lower than the next largest lender,
DHI MORTGAGE COMPANY, LTD..
The lowest fee Fort Wayne USDA lenders (with over 10 loans originated) are
.
The lowest rate Fort Wayne USDA lenders (with over 10 loans originated) are
.
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 |
| 2024-02-01 | $317,225 (-0.7%) | $374,515 (1.6%) | 0.76 | 483 |
| 2024-03-01 | $324,900 (-4.3%) | $390,454 (-2.8%) | 0.76 | 478 |
Fort Wayne's median listing price comes in at 76% of the national average.
Fort Wayne's average listing price for 2024-03-01 was $390,454, a difference of $-11,356 (-2.8%) versus the prior year and $15,939 versus the prior month.
For the 2024-03-01 period, Fort Wayne had 478 MLS listings, a difference of -5 listings (-1%) versus the prior month and 134 listings (39%) 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 |
| 2024-02-01 | 47 days | 1,906 sqft |
| 2024-03-01 | 38 days | 1,952 sqft |
Fort Wayne's median square footage for active listings during the 2024-03-01 period was 1,952 sqft. One year prior, the average listing was 1,935 sqft.