Fremont USDA Loan Rates, Closing Costs & Stats

Fremont, OH

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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.

    Fremont's 9 lenders originated 14 USDA loans during 2023. The total origination value was $2,040,000, with an average USDA loan value of $145,714.

    Fremont USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Fremont averaged 6.39% for the week of 2024-11-08, compared to the national average (all USDA variants) of 6.477% for the same period.

    Fremont's average USDA mortgage closing costs are $4,674.

    The average rate for the prior week (2024-11-01) was 6.26% and one month ago for the week of 2024-10-04, the average rate was 5.79%.

    The average rate one year ago was 7.63%.

    For refis of the same type during the week of 2024-11-08, the average rate was 6.58%.

    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

    Fremont 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 Fremont level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    UNION HOME MORTGAGE CORP. 2 6.75% $5,504
    CROSSCOUNTRY MORTGAGE, LLC 2 6.94% $7,333
    LOANDEPOT.COM, LLC 2 6.81% $5,464
    Fifth Third Bank 1 7.25% $5,199
    CARDINAL FINANCIAL 1 5.75% $5,478
    MICHIGAN MUTUAL, INC. 1 7.13% $8,641
    MORTGAGE 1 INCORPORATED 1 6.63% $8,137
    POLARIS HOME FUNDING CORP. 1 6.00% $8,917
    Evolve Bank & Trust 1 7.75% $7,323

    The top Fremont USDA lender as defined by loan originations is UNION HOME MORTGAGE CORP., with 2 USDA loans originated. Their average total fees are $5,504, which is $1,829 lower than the next largest lender, CROSSCOUNTRY MORTGAGE, LLC.

    The lowest fee Fremont USDA lenders (with over 10 loans originated) are .

    The lowest rate Fremont USDA lenders (with over 10 loans originated) are .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Fremont (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 $109,425 (28.9%) $156,475 (40.8%) 0.00 136
    2018-02-01 $114,900 (27.8%) $155,633 (27.8%) 0.00 125
    2018-03-01 $110,544 (25.6%) $162,824 (33.3%) 0.00 112
    2018-04-01 $116,750 (24.9%) $163,625 (24.5%) 0.00 117
    2018-05-01 $125,950 (29.7%) $168,388 (22.1%) 0.00 120
    2018-06-01 $129,900 (23.8%) $179,830 (21.9%) 0.00 119
    2018-07-01 $132,725 (14.2%) $180,843 (13.3%) 0.00 137
    2018-08-01 $132,725 (11.8%) $179,957 (14.1%) 0.00 146
    2018-09-01 $126,900 (6.7%) $170,952 (10.1%) 0.00 142
    2018-10-01 $117,450 (-1.3%) $164,960 (4.2%) 0.00 138
    2018-11-01 $107,167 (-9.0%) $157,934 (3.0%) 0.00 137
    2018-12-01 $100,500 (-7.8%) $149,494 (-2.0%) 0.00 128
    2019-01-01 $98,450 (-10.0%) $146,927 (-6.1%) 0.00 120
    2019-02-01 $104,625 (-8.9%) $147,647 (-5.1%) 0.00 115
    2019-03-01 $114,857 (3.9%) $155,165 (-4.7%) 0.00 111
    2019-04-01 $125,932 (7.9%) $162,682 (-0.6%) 0.00 110
    2019-05-01 $129,175 (2.6%) $167,082 (-0.8%) 0.00 119
    2019-06-01 $127,000 (-2.2%) $161,094 (-10.4%) 0.00 132
    2019-07-01 $125,175 (-5.7%) $159,502 (-11.8%) 0.00 125
    2019-08-01 $124,927 (-5.9%) $157,093 (-12.7%) 0.00 124
    2019-09-01 $124,968 (-1.5%) $153,749 (-10.1%) 0.00 133
    2019-10-01 $123,720 (5.3%) $151,520 (-8.2%) 0.00 139
    2019-11-01 $128,450 (19.9%) $148,089 (-6.2%) 0.00 138
    2019-12-01 $129,425 (28.8%) $142,618 (-4.6%) 0.00 118
    2020-01-01 $131,925 (34.0%) $141,399 (-3.8%) 0.00 102
    2020-02-01 $98,000 (-6.3%) $126,823 (-14.1%) 0.00 105
    2020-03-01 $103,850 (-9.6%) $131,096 (-15.5%) 0.00 98
    2020-04-01 $108,700 (-13.7%) $127,369 (-21.7%) 0.00 93
    2020-05-01 $109,900 (-14.9%) $130,173 (-22.1%) 0.00 92
    2020-06-01 $124,975 (-1.6%) $166,462 (3.3%) 0.00 59
    2020-07-01 $140,500 (12.2%) $174,382 (9.3%) 0.00 53
    2020-08-01 $149,700 (19.8%) $167,757 (6.8%) 0.00 64
    2020-09-01 $119,950 (-4.0%) $145,707 (-5.2%) 0.00 80
    2020-10-01 $124,900 (1.0%) $148,195 (-2.2%) 0.00 79
    2020-11-01 $119,000 (-7.4%) $147,545 (-0.4%) 0.00 75
    2020-12-01 $124,950 (-3.5%) $145,868 (2.3%) 0.00 67
    2021-01-01 $120,000 (-9.0%) $140,944 (-0.3%) 0.00 55
    2021-02-01 $129,925 (32.6%) $145,239 (14.5%) 0.00 46
    2021-03-01 $120,750 (16.3%) $145,957 (11.3%) 0.00 40
    2021-04-01 $134,050 (23.3%) $153,066 (20.2%) 0.00 31
    2021-05-01 $149,500 (36.0%) $164,229 (26.2%) 0.00 30
    2021-06-01 $172,675 (38.2%) $178,415 (7.2%) 0.00 37
    2021-07-01 $175,000 (24.6%) $189,146 (8.5%) 0.00 51
    2021-08-01 $199,750 (33.4%) $200,087 (19.3%) 0.00 62
    2021-09-01 $172,975 (44.2%) $193,345 (32.7%) 0.00 66
    2021-10-01 $172,400 (38.0%) $189,011 (27.5%) 0.00 70
    2021-11-01 $162,450 (36.5%) $181,587 (23.1%) 0.00 66
    2021-12-01 $136,150 (9.0%) $171,606 (17.6%) 0.00 49
    2022-01-01 $155,450 (29.5%) $184,903 (31.2%) 0.00 40
    2022-02-01 $167,400 (28.8%) $192,261 (32.4%) 0.00 37
    2022-03-01 $147,000 (21.7%) $173,462 (18.8%) 0.00 42
    2022-04-01 $145,000 (8.2%) $175,010 (14.3%) 0.00 36
    2022-05-01 $164,425 (10.0%) $194,109 (18.2%) 0.00 45
    2022-06-01 $156,800 (-9.2%) $183,968 (3.1%) 0.00 54
    2022-07-01 $149,900 (-14.3%) $182,584 (-3.5%) 0.00 66
    2022-08-01 $141,650 (-29.1%) $173,322 (-13.4%) 0.00 68
    2022-09-01 $157,000 (-9.2%) $201,362 (4.2%) 0.00 62
    2022-10-01 $149,950 (-13.0%) $195,171 (3.3%) 0.00 66
    2022-11-01 $162,850 (0.3%) $179,391 (-1.2%) 0.00 50
    2022-12-01 $154,950 (13.8%) $171,682 (0.0%) 0.00 52
    2023-01-01 $143,225 (-7.9%) $161,180 (-12.8%) 0.00 44
    2023-02-01 $154,750 (-7.6%) $192,677 (0.2%) 0.00 27
    2023-03-01 $164,975 (12.2%) $188,732 (8.8%) 0.00 30
    2023-04-01 $185,000 (27.6%) $220,516 (26.0%) 0.00 31
    2023-05-01 $206,000 (25.3%) $240,476 (23.9%) 0.00 37
    2023-06-01 $227,500 (45.1%) $239,055 (29.9%) 0.00 48
    2023-07-01 $225,500 (50.4%) $243,526 (33.4%) 0.00 45
    2023-08-01 $225,950 (59.5%) $247,336 (42.7%) 0.00 49
    2023-09-01 $202,250 (28.8%) $230,878 (14.7%) 0.00 52
    2023-10-01 $187,325 (24.9%) $224,674 (15.1%) 0.00 48
    2023-11-01 $187,483 (15.1%) $212,796 (18.6%) 0.00 56
    2023-12-01 $177,400 (14.5%) $209,612 (22.1%) 0.00 52
    2024-01-01 $167,400 (16.9%) $200,221 (24.2%) 0.00 52
    2024-02-01 $162,450 (5.0%) $202,538 (5.1%) 0.00 50
    2024-03-01 $190,950 (15.7%) $227,718 (20.7%) 0.00 42
    2024-04-01 $183,225 (-1.0%) $228,938 (3.8%) 0.00 48
    2024-05-01 $180,425 (-12.4%) $230,498 (-4.2%) 0.00 56
    2024-06-01 $185,000 (-18.7%) $228,520 (-4.4%) 0.00 49
    2024-07-01 $167,450 (-25.7%) $198,010 (-18.7%) 0.00 59
    2024-08-01 $185,900 (-17.7%) $222,209 (-10.2%) 0.00 62
    2024-09-01 $188,650 (-6.7%) $219,705 (-4.8%) 0.00 61
    2024-10-01 $195,475 (4.4%) $221,944 (-1.2%) 0.00 74
    Fremont's median listing price for 2024-10-01 was $195,475, a difference of $8,150 (4.4%) versus the prior year and $6,825 versus the prior month.

    Fremont's median listing price comes in at 0% of the national average.

    Fremont's average listing price for 2024-10-01 was $221,944, a difference of $-2,730 (-1.2%) versus the prior year and $2,239 versus the prior month.

    For the 2024-10-01 period, Fremont had 74 MLS listings, a difference of 13 listings (21%) versus the prior month and 26 listings (54%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Fremont (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,588 sqft
    2018-02-01 0 days 1,645 sqft
    2018-03-01 0 days 1,696 sqft
    2018-04-01 0 days 1,688 sqft
    2018-05-01 0 days 1,673 sqft
    2018-06-01 0 days 1,676 sqft
    2018-07-01 0 days 1,712 sqft
    2018-08-01 0 days 1,752 sqft
    2018-09-01 0 days 1,740 sqft
    2018-10-01 0 days 1,704 sqft
    2018-11-01 0 days 1,652 sqft
    2018-12-01 0 days 1,598 sqft
    2019-01-01 0 days 1,578 sqft
    2019-02-01 0 days 1,577 sqft
    2019-03-01 0 days 1,625 sqft
    2019-04-01 0 days 1,664 sqft
    2019-05-01 0 days 1,667 sqft
    2019-06-01 0 days 1,598 sqft
    2019-07-01 0 days 1,666 sqft
    2019-08-01 0 days 1,649 sqft
    2019-09-01 0 days 1,639 sqft
    2019-10-01 0 days 1,633 sqft
    2019-11-01 0 days 1,629 sqft
    2019-12-01 0 days 1,628 sqft
    2020-01-01 0 days 1,596 sqft
    2020-02-01 0 days 1,542 sqft
    2020-03-01 0 days 1,577 sqft
    2020-04-01 0 days 1,590 sqft
    2020-05-01 0 days 1,572 sqft
    2020-06-01 0 days 1,724 sqft
    2020-07-01 0 days 1,773 sqft
    2020-08-01 0 days 1,773 sqft
    2020-09-01 0 days 1,815 sqft
    2020-10-01 0 days 1,717 sqft
    2020-11-01 0 days 1,698 sqft
    2020-12-01 0 days 1,624 sqft
    2021-01-01 0 days 1,570 sqft
    2021-02-01 0 days 1,687 sqft
    2021-03-01 0 days 1,711 sqft
    2021-04-01 0 days 1,719 sqft
    2021-05-01 0 days 1,618 sqft
    2021-06-01 0 days 1,721 sqft
    2021-07-01 0 days 1,734 sqft
    2021-08-01 0 days 1,773 sqft
    2021-09-01 0 days 1,717 sqft
    2021-10-01 0 days 1,658 sqft
    2021-11-01 0 days 1,647 sqft
    2021-12-01 0 days 1,627 sqft
    2022-01-01 0 days 1,753 sqft
    2022-02-01 0 days 1,773 sqft
    2022-03-01 0 days 1,581 sqft
    2022-04-01 0 days 1,654 sqft
    2022-05-01 0 days 1,659 sqft
    2022-06-01 0 days 1,579 sqft
    2022-07-01 0 days 1,580 sqft
    2022-08-01 0 days 1,502 sqft
    2022-09-01 0 days 1,542 sqft
    2022-10-01 0 days 1,540 sqft
    2022-11-01 0 days 1,550 sqft
    2022-12-01 0 days 1,504 sqft
    2023-01-01 0 days 1,487 sqft
    2023-02-01 0 days 1,600 sqft
    2023-03-01 0 days 1,571 sqft
    2023-04-01 0 days 1,619 sqft
    2023-05-01 0 days 1,624 sqft
    2023-06-01 0 days 1,711 sqft
    2023-07-01 0 days 1,728 sqft
    2023-08-01 0 days 1,774 sqft
    2023-09-01 0 days 1,652 sqft
    2023-10-01 0 days 1,564 sqft
    2023-11-01 0 days 1,542 sqft
    2023-12-01 0 days 1,514 sqft
    2024-01-01 0 days 1,499 sqft
    2024-02-01 0 days 1,535 sqft
    2024-03-01 0 days 1,600 sqft
    2024-04-01 0 days 1,462 sqft
    2024-05-01 0 days 1,509 sqft
    2024-06-01 0 days 1,595 sqft
    2024-07-01 0 days 1,538 sqft
    2024-08-01 0 days 1,562 sqft
    2024-09-01 0 days 1,633 sqft
    2024-10-01 0 days 1,546 sqft
    Fremont's median listing age (time on market) for 2024-10-01 was 0 days.

    Fremont's median square footage for active listings during the 2024-10-01 period was 1,546 sqft. One year prior, the average listing was 1,564 sqft.