Hillsdale USDA Loan Rates, Closing Costs & Stats
Hillsdale, MI
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.
Hillsdale's 6 lenders originated 14 USDA loans during 2023. The total origination value was $2,140,000, with an average USDA loan value of $152,857.
Hillsdale USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Hillsdale
averaged
6.71%
for the week of 2024-11-08, compared to the national average (all USDA variants) of
6.477% for the same period.
Hillsdale's average USDA mortgage closing costs are $4,809.
The average rate for the prior week (2024-11-01) was
6.78% and
one month ago for the week of 2024-10-04, the
average rate was 6%.
The average rate one year ago was 7.64%.
For refis of the same type during the week of 2024-11-08, the average rate
was 6.28%.
Hillsdale 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 Hillsdale level.
| Name | # of Loans | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
|---|---|---|---|
| UNION HOME MORTGAGE CORP. | 7 | 7.20% | $7,430 |
| GVC MORTGAGE, INC. | 3 | 7.13% | $7,614 |
| MORTGAGE 1 INCORPORATED | 1 | 6.13% | $6,463 |
| ROYAL UNITED MORTGAGE LLC | 1 | 7.50% | $11,917 |
| RUOFF MORTGAGE COMPANY, INC. | 1 | 6.25% | $1,666 |
| UNITED WHOLESALE MORTGAGE, LLC | 1 | 6.13% | $4,875 |
The top Hillsdale USDA lender as defined by loan originations is UNION HOME MORTGAGE CORP., with
7 USDA loans originated. Their average total fees are
$7,430, which is $184
lower than the next largest lender,
GVC MORTGAGE, INC..
The lowest fee Hillsdale USDA lenders (with over 10 loans originated) are
.
The lowest rate Hillsdale USDA lenders (with over 10 loans originated) are
.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Hillsdale (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 | $141,900 (-3.0%) | $167,164 (-7.3%) | 0.00 | 156 |
| 2018-02-01 | $140,400 (-0.9%) | $169,808 (-5.3%) | 0.00 | 152 |
| 2018-03-01 | $139,900 (-0.4%) | $170,638 (-5.3%) | 0.00 | 158 |
| 2018-04-01 | $139,900 (-3.5%) | $166,582 (-7.1%) | 0.00 | 163 |
| 2018-05-01 | $139,900 (-1.4%) | $165,250 (-6.8%) | 0.00 | 164 |
| 2018-06-01 | $149,250 (7.0%) | $177,599 (3.9%) | 0.00 | 171 |
| 2018-07-01 | $149,500 (10.7%) | $182,564 (11.9%) | 0.00 | 191 |
| 2018-08-01 | $144,900 (4.2%) | $176,910 (10.4%) | 0.00 | 204 |
| 2018-09-01 | $144,900 (3.6%) | $176,403 (9.1%) | 0.00 | 217 |
| 2018-10-01 | $139,900 (2.9%) | $173,676 (7.6%) | 0.00 | 206 |
| 2018-11-01 | $142,400 (1.8%) | $168,298 (0.4%) | 0.00 | 199 |
| 2018-12-01 | $145,200 (1.7%) | $169,999 (1.7%) | 0.00 | 171 |
| 2019-01-01 | $130,400 (-8.1%) | $157,791 (-5.6%) | 0.00 | 149 |
| 2019-02-01 | $133,425 (-5.0%) | $163,678 (-3.6%) | 0.00 | 131 |
| 2019-03-01 | $143,471 (2.6%) | $179,413 (5.1%) | 0.00 | 132 |
| 2019-04-01 | $153,471 (9.7%) | $195,553 (17.4%) | 0.00 | 137 |
| 2019-05-01 | $165,400 (18.2%) | $205,146 (24.1%) | 0.00 | 153 |
| 2019-06-01 | $169,900 (13.8%) | $208,325 (17.3%) | 0.00 | 166 |
| 2019-07-01 | $161,450 (8.0%) | $199,865 (9.5%) | 0.00 | 181 |
| 2019-08-01 | $159,123 (9.8%) | $197,124 (11.4%) | 0.00 | 185 |
| 2019-09-01 | $159,307 (9.9%) | $195,879 (11.0%) | 0.00 | 188 |
| 2019-10-01 | $159,675 (14.1%) | $195,048 (12.3%) | 0.00 | 187 |
| 2019-11-01 | $164,950 (15.8%) | $193,065 (14.7%) | 0.00 | 178 |
| 2019-12-01 | $162,500 (11.9%) | $185,448 (9.1%) | 0.00 | 157 |
| 2020-01-01 | $159,950 (22.7%) | $182,842 (15.9%) | 0.00 | 130 |
| 2020-02-01 | $159,900 (19.8%) | $184,790 (12.9%) | 0.00 | 126 |
| 2020-03-01 | $164,350 (14.6%) | $194,252 (8.3%) | 0.00 | 124 |
| 2020-04-01 | $160,575 (4.6%) | $193,323 (-1.1%) | 0.00 | 118 |
| 2020-05-01 | $160,950 (-2.7%) | $195,715 (-4.6%) | 0.00 | 120 |
| 2020-06-01 | $174,400 (2.7%) | $205,786 (-1.2%) | 0.00 | 119 |
| 2020-07-01 | $189,450 (17.3%) | $213,024 (6.6%) | 0.00 | 116 |
| 2020-08-01 | $175,000 (10.0%) | $207,013 (5.0%) | 0.00 | 103 |
| 2020-09-01 | $194,700 (22.2%) | $226,886 (15.8%) | 0.00 | 83 |
| 2020-10-01 | $199,900 (25.2%) | $238,571 (22.3%) | 0.00 | 77 |
| 2020-11-01 | $169,900 (3.0%) | $218,472 (13.2%) | 0.00 | 78 |
| 2020-12-01 | $164,975 (1.5%) | $207,789 (12.1%) | 0.00 | 78 |
| 2021-01-01 | $156,500 (-2.2%) | $199,972 (9.4%) | 0.00 | 70 |
| 2021-02-01 | $147,450 (-7.8%) | $191,527 (3.7%) | 0.00 | 57 |
| 2021-03-01 | $156,500 (-4.8%) | $206,417 (6.3%) | 0.00 | 44 |
| 2021-04-01 | $164,450 (2.4%) | $221,553 (14.6%) | 0.00 | 44 |
| 2021-05-01 | $189,900 (18.0%) | $231,983 (18.5%) | 0.00 | 46 |
| 2021-06-01 | $197,400 (13.2%) | $242,533 (17.9%) | 0.00 | 48 |
| 2021-07-01 | $174,900 (-7.7%) | $228,241 (7.1%) | 0.00 | 60 |
| 2021-08-01 | $183,425 (4.8%) | $233,944 (13.0%) | 0.00 | 51 |
| 2021-09-01 | $178,650 (-8.2%) | $229,734 (1.3%) | 0.00 | 59 |
| 2021-10-01 | $167,900 (-16.0%) | $235,017 (-1.5%) | 0.00 | 60 |
| 2021-11-01 | $163,675 (-3.7%) | $227,087 (3.9%) | 0.00 | 65 |
| 2021-12-01 | $157,900 (-4.3%) | $218,285 (5.1%) | 0.00 | 64 |
| 2022-01-01 | $152,900 (-2.3%) | $218,494 (9.3%) | 0.00 | 55 |
| 2022-02-01 | $165,750 (12.4%) | $235,730 (23.1%) | 0.00 | 40 |
| 2022-03-01 | $194,950 (24.6%) | $271,447 (31.5%) | 0.00 | 42 |
| 2022-04-01 | $215,000 (30.7%) | $311,794 (40.7%) | 0.00 | 42 |
| 2022-05-01 | $224,950 (18.5%) | $306,669 (32.2%) | 0.00 | 56 |
| 2022-06-01 | $217,000 (9.9%) | $308,767 (27.3%) | 0.00 | 76 |
| 2022-07-01 | $195,000 (11.5%) | $282,257 (23.7%) | 0.00 | 87 |
| 2022-08-01 | $189,900 (3.5%) | $263,606 (12.7%) | 0.00 | 99 |
| 2022-09-01 | $201,050 (12.5%) | $278,766 (21.3%) | 0.00 | 92 |
| 2022-10-01 | $199,997 (19.1%) | $278,820 (18.6%) | 0.00 | 89 |
| 2022-11-01 | $205,300 (25.4%) | $279,251 (23.0%) | 0.00 | 87 |
| 2022-12-01 | $214,500 (35.9%) | $281,807 (29.1%) | 0.00 | 77 |
| 2023-01-01 | $207,400 (35.6%) | $284,802 (30.4%) | 0.00 | 63 |
| 2023-02-01 | $222,400 (34.2%) | $299,873 (27.2%) | 0.00 | 53 |
| 2023-03-01 | $228,650 (17.3%) | $249,706 (-8.0%) | 0.00 | 52 |
| 2023-04-01 | $239,900 (11.6%) | $256,925 (-17.6%) | 0.00 | 49 |
| 2023-05-01 | $259,925 (15.6%) | $277,480 (-9.5%) | 0.00 | 53 |
| 2023-06-01 | $253,675 (16.9%) | $313,635 (1.6%) | 0.00 | 63 |
| 2023-07-01 | $249,900 (28.2%) | $303,509 (7.5%) | 0.00 | 70 |
| 2023-08-01 | $248,000 (30.6%) | $295,278 (12.0%) | 0.00 | 76 |
| 2023-09-01 | $259,000 (28.8%) | $313,730 (12.5%) | 0.00 | 92 |
| 2023-10-01 | $249,900 (25.0%) | $306,873 (10.1%) | 0.00 | 102 |
| 2023-11-01 | $229,900 (12.0%) | $316,245 (13.3%) | 0.00 | 97 |
| 2023-12-01 | $225,000 (4.9%) | $320,517 (13.7%) | 0.00 | 90 |
| 2024-01-01 | $232,450 (12.1%) | $332,914 (16.9%) | 0.00 | 78 |
| 2024-02-01 | $251,175 (12.9%) | $335,262 (11.8%) | 0.00 | 69 |
| 2024-03-01 | $259,900 (13.7%) | $344,225 (37.9%) | 0.00 | 67 |
| 2024-04-01 | $292,450 (21.9%) | $368,702 (43.5%) | 0.00 | 73 |
| 2024-05-01 | $298,000 (14.7%) | $347,015 (25.1%) | 0.00 | 91 |
| 2024-06-01 | $290,900 (14.7%) | $330,413 (5.4%) | 0.00 | 103 |
| 2024-07-01 | $299,000 (19.7%) | $342,649 (12.9%) | 0.00 | 104 |
| 2024-08-01 | $272,400 (9.8%) | $323,405 (9.5%) | 0.00 | 109 |
| 2024-09-01 | $267,400 (3.2%) | $311,762 (-0.6%) | 0.00 | 124 |
| 2024-10-01 | $261,150 (4.5%) | $316,296 (3.1%) | 0.00 | 130 |
Hillsdale's median listing price comes in at 0% of the national average.
Hillsdale's average listing price for 2024-10-01 was $316,296, a difference of $9,423 (3.1%) versus the prior year and $4,534 versus the prior month.
For the 2024-10-01 period, Hillsdale had 130 MLS listings, a difference of 6 listings (5%) versus the prior month and 28 listings (27%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Hillsdale (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 0 days | 1,630 sqft |
| 2018-02-01 | 0 days | 1,680 sqft |
| 2018-03-01 | 0 days | 1,600 sqft |
| 2018-04-01 | 0 days | 1,628 sqft |
| 2018-05-01 | 0 days | 1,673 sqft |
| 2018-06-01 | 0 days | 1,594 sqft |
| 2018-07-01 | 0 days | 1,515 sqft |
| 2018-08-01 | 0 days | 1,512 sqft |
| 2018-09-01 | 0 days | 1,536 sqft |
| 2018-10-01 | 0 days | 1,616 sqft |
| 2018-11-01 | 0 days | 1,602 sqft |
| 2018-12-01 | 0 days | 1,655 sqft |
| 2019-01-01 | 0 days | 1,646 sqft |
| 2019-02-01 | 0 days | 1,635 sqft |
| 2019-03-01 | 0 days | 1,638 sqft |
| 2019-04-01 | 0 days | 1,654 sqft |
| 2019-05-01 | 0 days | 1,743 sqft |
| 2019-06-01 | 0 days | 1,757 sqft |
| 2019-07-01 | 0 days | 1,684 sqft |
| 2019-08-01 | 0 days | 1,697 sqft |
| 2019-09-01 | 0 days | 1,741 sqft |
| 2019-10-01 | 0 days | 1,774 sqft |
| 2019-11-01 | 0 days | 1,769 sqft |
| 2019-12-01 | 0 days | 1,762 sqft |
| 2020-01-01 | 0 days | 1,803 sqft |
| 2020-02-01 | 0 days | 1,719 sqft |
| 2020-03-01 | 0 days | 1,740 sqft |
| 2020-04-01 | 0 days | 1,773 sqft |
| 2020-05-01 | 0 days | 1,790 sqft |
| 2020-06-01 | 0 days | 1,779 sqft |
| 2020-07-01 | 0 days | 1,872 sqft |
| 2020-08-01 | 0 days | 1,650 sqft |
| 2020-09-01 | 0 days | 1,648 sqft |
| 2020-10-01 | 0 days | 1,746 sqft |
| 2020-11-01 | 0 days | 1,622 sqft |
| 2020-12-01 | 0 days | 1,683 sqft |
| 2021-01-01 | 0 days | 1,649 sqft |
| 2021-02-01 | 0 days | 1,598 sqft |
| 2021-03-01 | 0 days | 1,519 sqft |
| 2021-04-01 | 0 days | 1,528 sqft |
| 2021-05-01 | 0 days | 1,650 sqft |
| 2021-06-01 | 0 days | 1,667 sqft |
| 2021-07-01 | 0 days | 1,664 sqft |
| 2021-08-01 | 0 days | 1,600 sqft |
| 2021-09-01 | 0 days | 1,586 sqft |
| 2021-10-01 | 0 days | 1,650 sqft |
| 2021-11-01 | 0 days | 1,665 sqft |
| 2021-12-01 | 0 days | 1,677 sqft |
| 2022-01-01 | 0 days | 1,588 sqft |
| 2022-02-01 | 0 days | 1,562 sqft |
| 2022-03-01 | 0 days | 1,645 sqft |
| 2022-04-01 | 0 days | 1,650 sqft |
| 2022-05-01 | 0 days | 1,637 sqft |
| 2022-06-01 | 0 days | 1,702 sqft |
| 2022-07-01 | 0 days | 1,721 sqft |
| 2022-08-01 | 0 days | 1,720 sqft |
| 2022-09-01 | 0 days | 1,673 sqft |
| 2022-10-01 | 0 days | 1,748 sqft |
| 2022-11-01 | 0 days | 1,742 sqft |
| 2022-12-01 | 0 days | 1,747 sqft |
| 2023-01-01 | 0 days | 1,658 sqft |
| 2023-02-01 | 0 days | 1,705 sqft |
| 2023-03-01 | 0 days | 1,778 sqft |
| 2023-04-01 | 0 days | 1,768 sqft |
| 2023-05-01 | 0 days | 1,768 sqft |
| 2023-06-01 | 0 days | 1,843 sqft |
| 2023-07-01 | 0 days | 1,800 sqft |
| 2023-08-01 | 0 days | 1,779 sqft |
| 2023-09-01 | 0 days | 1,818 sqft |
| 2023-10-01 | 0 days | 1,718 sqft |
| 2023-11-01 | 0 days | 1,674 sqft |
| 2023-12-01 | 0 days | 1,646 sqft |
| 2024-01-01 | 0 days | 1,701 sqft |
| 2024-02-01 | 0 days | 1,713 sqft |
| 2024-03-01 | 0 days | 1,720 sqft |
| 2024-04-01 | 0 days | 1,810 sqft |
| 2024-05-01 | 0 days | 1,773 sqft |
| 2024-06-01 | 0 days | 1,796 sqft |
| 2024-07-01 | 0 days | 1,745 sqft |
| 2024-08-01 | 0 days | 1,724 sqft |
| 2024-09-01 | 0 days | 1,688 sqft |
| 2024-10-01 | 0 days | 1,679 sqft |
Hillsdale's median square footage for active listings during the 2024-10-01 period was 1,679 sqft. One year prior, the average listing was 1,718 sqft.