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 11 lenders originated 23 USDA loans during 2022. The total origination value was $3,195,000, with an average USDA loan value of $138,913.

Hillsdale USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Hillsdale averaged 6.72% for the week of 2024-03-15, compared to the national average (all USDA variants) of 6.587% for the same period.

Hillsdale's average USDA mortgage closing costs are $4,676.

The average rate for the prior week (2024-03-08) was 6.72% and one month ago for the week of 2024-02-09, the average rate was 6.66%.

The average rate one year ago was 6.55%.

For refis of the same type during the week of 2024-03-15, the average rate was 6.69%.

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

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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
AMERIFIRST FINANCIAL CORPORATION 8 5.58% $6,871
GVC MORTGAGE, INC. 3 5.96% $6,255
MORTGAGE 1 INCORPORATED 2 5.06% $6,694
RUOFF MORTGAGE COMPANY, INC. 2 6.50% $1,574
The Huntington National Bank 2 6.06% $4,367
CROSSCOUNTRY MORTGAGE, LLC 1 5.63% $7,058
Neighborhood Loans, Inc. 1 4.75% $5,057
OAK MORTGAGE, LLC 1 5.75% $3,477
UNION HOME MORTGAGE CORP. 1 5.50% $5,599
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 3.00% $3,472
HOMESITE MORTGAGE, LLC 1 6.13% $4,481

The top Hillsdale USDA lender as defined by loan originations is AMERIFIRST FINANCIAL CORPORATION, with 8 USDA loans originated. Their average total fees are $6,871, which is $616 higher 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
Hillsdale's median listing price for 2024-01-01 was $232,450, a difference of $25,050 (12.1%) versus the prior year and $7,450 versus the prior month.

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

Hillsdale's average listing price for 2024-01-01 was $332,914, a difference of $48,112 (16.9%) versus the prior year and $12,397 versus the prior month.

For the 2024-01-01 period, Hillsdale had 78 MLS listings, a difference of -12 listings (-13%) versus the prior month and 15 listings (24%) 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
Hillsdale's median listing age (time on market) for 2024-01-01 was 0 days.

Hillsdale's median square footage for active listings during the 2024-01-01 period was 1,701 sqft. One year prior, the average listing was 1,658 sqft.