Fort Wayne USDA Loans

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 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%.

    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 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. Total Fees
    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 $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 for 2022-04-01 was $270,000, a difference of $24,605 (10.0%) versus the prior year and $15,050 versus the prior month.

    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. Louis
    Date 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 listing age (time on market) for 2022-04-01 was 24 days. This is -35% shorter than the same period one year ago.

    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.