Holland USDA Loan Rates, Closing Costs & Stats

Holland, 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.

Holland's 14 lenders originated 30 USDA loans during 2022. The total origination value was $5,820,000, with an average USDA loan value of $194,000.

Holland USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Holland averaged -0.25% for the week of 2024-02-23, compared to the national average (all USDA variants) of 0% for the same period.

Holland's average USDA mortgage closing costs are $5,268.

The average rate for the prior week (2024-02-16) was 6.43% and one month ago for the week of 2024-01-19, the average rate was 6.52%.

The average rate one year ago was 6.02%.

For refis of the same type during the week of 2024-02-23, the average rate was -1.19%.

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

Holland 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 Holland level.

Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
AMERIFIRST FINANCIAL CORPORATION 9 5.03% $7,521
LAKE MICHIGAN CREDIT UNION 5 4.90% $5,835
GUARANTEED RATE, INC. 2 3.75% $5,963
Fifth Third Bank 2 4.44% $5,540
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 2 5.06% $11,776
Flagstar Bank, FSB 1 6.69% $6,414
SUCCESS MORTGAGE PARTNERS, INC. 1 5.00% $9,842
CARDINAL FINANCIAL 1 5.99% $6,646
Austin Capital Bank SSB 1 5.63% $8,257
Mortgage Research Center, LLC 1 5.99% $3,115
Northpointe Bank 1 3.00% $4,031
PRIMELENDING, A PLAINSCAPITAL COMPANY 1 4.50% $7,462
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 5.25% $10,491
STOCKTON MORTGAGE CORPORATION 1 4.88% $6,823

The top Holland USDA lender as defined by loan originations is AMERIFIRST FINANCIAL CORPORATION, with 9 USDA loans originated. Their average total fees are $7,521, which is $1,686 higher than the next largest lender, LAKE MICHIGAN CREDIT UNION.

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

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


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Holland (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 $265,450 (-11.2%) $422,566 (-17.1%) 0.00 345
2018-02-01 $269,900 (-13.9%) $449,357 (-16.7%) 0.00 329
2018-03-01 $288,850 (-3.8%) $471,109 (-13.9%) 0.00 330
2018-04-01 $281,725 (-11.7%) $463,437 (-13.6%) 0.00 346
2018-05-01 $297,450 (0.9%) $459,838 (-2.0%) 0.00 378
2018-06-01 $319,700 (12.2%) $468,417 (3.8%) 0.00 410
2018-07-01 $317,500 (13.4%) $456,500 (3.6%) 0.00 453
2018-08-01 $291,675 (5.3%) $438,758 (2.5%) 0.00 460
2018-09-01 $279,900 (4.1%) $444,376 (4.9%) 0.00 444
2018-10-01 $296,950 (11.1%) $448,046 (9.6%) 0.00 442
2018-11-01 $304,900 (12.2%) $464,366 (11.5%) 0.00 432
2018-12-01 $298,620 (14.3%) $461,372 (11.2%) 0.00 379
2019-01-01 $293,400 (10.5%) $454,994 (7.7%) 0.00 332
2019-02-01 $312,125 (15.6%) $487,238 (8.4%) 0.00 314
2019-03-01 $326,386 (13.0%) $497,833 (5.7%) 0.00 337
2019-04-01 $334,950 (18.9%) $515,177 (11.2%) 0.00 349
2019-05-01 $335,000 (12.6%) $498,387 (8.4%) 0.00 388
2019-06-01 $335,000 (4.8%) $485,307 (3.6%) 0.00 444
2019-07-01 $335,255 (5.6%) $473,802 (3.8%) 0.00 493
2019-08-01 $328,250 (12.5%) $465,185 (6.0%) 0.00 500
2019-09-01 $325,775 (16.4%) $461,935 (4.0%) 0.00 514
2019-10-01 $321,425 (8.2%) $458,344 (2.3%) 0.00 525
2019-11-01 $314,900 (3.3%) $456,615 (-1.7%) 0.00 476
2019-12-01 $297,250 (-0.5%) $457,383 (-0.9%) 0.00 436
2020-01-01 $289,850 (-1.2%) $441,868 (-2.9%) 0.00 382
2020-02-01 $325,000 (4.1%) $490,668 (0.7%) 0.00 353
2020-03-01 $339,000 (3.9%) $503,076 (1.1%) 0.00 348
2020-04-01 $339,900 (1.5%) $488,464 (-5.2%) 0.00 355
2020-05-01 $339,900 (1.5%) $488,026 (-2.1%) 0.00 371
2020-06-01 $362,425 (8.2%) $525,768 (8.3%) 0.00 343
2020-07-01 $367,900 (9.7%) $533,692 (12.6%) 0.00 332
2020-08-01 $379,000 (15.5%) $581,283 (25.0%) 0.00 274
2020-09-01 $399,125 (22.5%) $609,761 (32.0%) 0.00 248
2020-10-01 $399,900 (24.4%) $671,045 (46.4%) 0.00 222
2020-11-01 $382,975 (21.6%) $646,461 (41.6%) 0.00 194
2020-12-01 $357,875 (20.4%) $640,655 (40.1%) 0.00 176
2021-01-01 $352,110 (21.5%) $620,023 (40.3%) 0.00 153
2021-02-01 $361,311 (11.2%) $651,924 (32.9%) 0.00 126
2021-03-01 $352,000 (3.8%) $642,151 (27.7%) 0.00 120
2021-04-01 $358,355 (5.4%) $674,212 (38.0%) 0.00 122
2021-05-01 $370,000 (8.9%) $701,520 (43.8%) 0.00 138
2021-06-01 $359,128 (-0.9%) $683,584 (30.0%) 0.00 157
2021-07-01 $359,900 (-2.2%) $644,641 (20.8%) 0.00 181
2021-08-01 $364,500 (-3.8%) $635,635 (9.4%) 0.00 190
2021-09-01 $357,250 (-10.5%) $613,415 (0.6%) 0.00 177
2021-10-01 $399,450 (-0.1%) $672,249 (0.2%) 0.00 160
2021-11-01 $404,950 (5.7%) $688,710 (6.5%) 0.00 140
2021-12-01 $394,200 (10.2%) $670,725 (4.7%) 0.00 120
2022-01-01 $359,000 (2.0%) $628,890 (1.4%) 0.00 85
2022-02-01 $384,450 (6.4%) $650,796 (-0.2%) 0.00 69
2022-03-01 $375,363 (6.6%) $632,495 (-1.5%) 0.00 79
2022-04-01 $400,000 (11.6%) $622,252 (-7.7%) 0.00 96
2022-05-01 $414,313 (12.0%) $629,376 (-10.3%) 0.00 128
2022-06-01 $429,675 (19.6%) $647,554 (-5.3%) 0.00 169
2022-07-01 $412,500 (14.6%) $588,267 (-8.8%) 0.00 215
2022-08-01 $426,000 (16.9%) $591,142 (-7.0%) 0.00 228
2022-09-01 $437,250 (22.4%) $615,731 (0.4%) 0.00 212
2022-10-01 $425,000 (6.4%) $620,885 (-7.6%) 0.00 216
2022-11-01 $391,675 (-3.3%) $579,677 (-15.8%) 0.00 214
2022-12-01 $385,000 (-2.3%) $575,388 (-14.2%) 0.00 173
2023-01-01 $391,425 (9.0%) $560,983 (-10.8%) 0.00 141
2023-02-01 $399,900 (4.0%) $630,366 (-3.1%) 0.00 112
2023-03-01 $415,225 (10.6%) $686,525 (8.5%) 0.00 104
2023-04-01 $465,680 (16.4%) $743,688 (19.5%) 0.00 112
2023-05-01 $464,300 (12.1%) $715,082 (13.6%) 0.00 130
2023-06-01 $484,975 (12.9%) $698,603 (7.9%) 0.00 133
2023-07-01 $450,000 (9.1%) $653,243 (11.1%) 0.00 150
2023-08-01 $431,175 (1.2%) $715,019 (21.0%) 0.00 162
2023-09-01 $425,000 (-2.8%) $712,425 (15.7%) 0.00 184
2023-10-01 $412,425 (-3.0%) $710,013 (14.4%) 0.00 209
2023-11-01 $399,900 (2.1%) $691,087 (19.2%) 0.00 192
2023-12-01 $407,450 (5.8%) $693,206 (20.5%) 0.00 167
Holland's median listing price for 2023-12-01 was $407,450, a difference of $22,450 (5.8%) versus the prior year and $7,550 versus the prior month.

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

Holland's average listing price for 2023-12-01 was $693,206, a difference of $117,818 (20.5%) versus the prior year and $2,119 versus the prior month.

For the 2023-12-01 period, Holland had 167 MLS listings, a difference of -25 listings (-13%) versus the prior month and -6 listings (-3%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Holland (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 2,056 sqft
2018-02-01 0 days 2,056 sqft
2018-03-01 0 days 2,090 sqft
2018-04-01 0 days 2,020 sqft
2018-05-01 0 days 2,066 sqft
2018-06-01 0 days 2,076 sqft
2018-07-01 0 days 2,081 sqft
2018-08-01 0 days 2,020 sqft
2018-09-01 0 days 1,950 sqft
2018-10-01 0 days 2,017 sqft
2018-11-01 0 days 2,035 sqft
2018-12-01 0 days 2,006 sqft
2019-01-01 0 days 1,975 sqft
2019-02-01 0 days 1,985 sqft
2019-03-01 0 days 2,005 sqft
2019-04-01 0 days 2,015 sqft
2019-05-01 0 days 2,006 sqft
2019-06-01 0 days 2,062 sqft
2019-07-01 0 days 2,094 sqft
2019-08-01 0 days 2,085 sqft
2019-09-01 0 days 2,058 sqft
2019-10-01 0 days 2,033 sqft
2019-11-01 0 days 2,019 sqft
2019-12-01 0 days 2,003 sqft
2020-01-01 0 days 1,990 sqft
2020-02-01 0 days 2,012 sqft
2020-03-01 0 days 1,993 sqft
2020-04-01 0 days 2,023 sqft
2020-05-01 0 days 2,027 sqft
2020-06-01 0 days 2,028 sqft
2020-07-01 0 days 2,008 sqft
2020-08-01 0 days 2,072 sqft
2020-09-01 0 days 2,235 sqft
2020-10-01 0 days 2,210 sqft
2020-11-01 0 days 2,182 sqft
2020-12-01 0 days 2,137 sqft
2021-01-01 0 days 2,185 sqft
2021-02-01 0 days 2,201 sqft
2021-03-01 0 days 2,144 sqft
2021-04-01 0 days 2,123 sqft
2021-05-01 0 days 2,005 sqft
2021-06-01 0 days 2,021 sqft
2021-07-01 0 days 1,986 sqft
2021-08-01 0 days 2,102 sqft
2021-09-01 0 days 1,999 sqft
2021-10-01 0 days 2,073 sqft
2021-11-01 0 days 2,070 sqft
2021-12-01 0 days 2,069 sqft
2022-01-01 0 days 2,072 sqft
2022-02-01 0 days 2,085 sqft
2022-03-01 0 days 2,100 sqft
2022-04-01 0 days 2,179 sqft
2022-05-01 0 days 2,114 sqft
2022-06-01 0 days 2,158 sqft
2022-07-01 0 days 2,147 sqft
2022-08-01 0 days 2,067 sqft
2022-09-01 0 days 2,136 sqft
2022-10-01 0 days 2,142 sqft
2022-11-01 0 days 2,062 sqft
2022-12-01 0 days 2,055 sqft
2023-01-01 0 days 2,060 sqft
2023-02-01 0 days 2,072 sqft
2023-03-01 0 days 2,070 sqft
2023-04-01 0 days 2,075 sqft
2023-05-01 0 days 2,201 sqft
2023-06-01 0 days 2,188 sqft
2023-07-01 0 days 2,142 sqft
2023-08-01 0 days 2,211 sqft
2023-09-01 0 days 2,152 sqft
2023-10-01 0 days 2,118 sqft
2023-11-01 0 days 2,088 sqft
2023-12-01 0 days 2,112 sqft
Holland's median listing age (time on market) for 2023-12-01 was 0 days.

Holland's median square footage for active listings during the 2023-12-01 period was 2,112 sqft. One year prior, the average listing was 2,055 sqft.