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 19 lenders originated 39 USDA loans during 2024. The total origination value was $8,725,000, with an average USDA loan value of $223,718.

Fort Wayne USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Fort Wayne averaged 0% for the week of 2025-06-20, compared to the national average (all USDA variants) of 0% for the same period.

Fort Wayne's average USDA mortgage closing costs are $3,888.

The average rate for the prior week (2025-06-13) was 6.9% and one month ago for the week of 2025-05-16, the average rate was 6.47%.

The average rate one year ago was 7.09%.

For refis of the same type during the week of 2025-06-20, the average rate was 0.07%.

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 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
RUOFF MORTGAGE COMPANY, INC. 9 6.63% $3,739
DHI MORTGAGE COMPANY, LTD. 5 5.05% $4,555
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 4 7.25% $4,660
GVC MORTGAGE, INC. 3 7.25% $6,386
GENEVA FINANCIAL, LLC 2 6.94% $4,986
POLARIS HOME FUNDING CORP. 2 6.75% $7,320
HALLMARK HOME MORTGAGE, LLC 2 7.12% $4,821
Union Savings Bank 1 4.75% $12,781
UNITED MORTGAGE CORP 1 7.13% $6,266
UNITED WHOLESALE MORTGAGE, LLC 1 6.25% $5,233
VAN DYK MORTGAGE CORPORATION 1 6.50% $2,258
BROKER SOLUTIONS, INC. 1 7.25% $6,531
V.I.P. MORTGAGE, INC. 1 6.50% $6,928
EQUITY RESOURCES, INC. 1 7.00% $4,350
HOMESIDE FINANCIAL, LLC 1 5.50% $5,554
MICHIGAN MUTUAL, INC. 1 6.25% $5,331
Nations Lending Corporation 1 7.63% $8,264
STOCKTON MORTGAGE CORPORATION 1 6.75% $5,607
TEACHERS CREDIT UNION 1 6.75% $5,185

The top Fort Wayne USDA lender as defined by loan originations is RUOFF MORTGAGE COMPANY, INC., with 9 USDA loans originated. Their average total fees are $3,739, which is $816 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 .