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 10 lenders originated 15 USDA loans during 2023. The total origination value was $2,905,000, with an average USDA loan value of $193,667.

Holland USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Holland averaged 6.99% for the week of 2024-06-07, compared to the national average (all USDA variants) of 6.699% for the same period.

Holland's average USDA mortgage closing costs are $5,350.

The average rate for the prior week (2024-05-31) was 6.67% and one month ago for the week of 2024-05-03, the average rate was 6.87%.

The average rate one year ago was 6.77%.

For refis of the same type during the week of 2024-06-07, the average rate was 7.39%.

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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
UNION HOME MORTGAGE CORP. 5 6.78% $8,514
Neighborhood Loans, Inc. 2 5.94% $6,642
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 7.13% $6,605
GUARANTEED RATE, INC. 1 6.75% $7,994
LAKE MICHIGAN CREDIT UNION 1 6.50% $6,586
Northpointe Bank 1 7.25% $4,863
UNITED WHOLESALE MORTGAGE, LLC 1 7.13% $9,713
Fifth Third Bank 1 6.38% $5,430
VAN DYK MORTGAGE CORPORATION 1 6.13% $5,981
FIRST COMMUNITY MORTGAGE, INC. 1 6.25% $7,383

The top Holland USDA lender as defined by loan originations is UNION HOME MORTGAGE CORP., with 5 USDA loans originated. Their average total fees are $8,514, which is $1,872 higher than the next largest lender, Neighborhood Loans, Inc..

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 $269,675 (-9.9%) $419,705 (-16.0%) 0.00 368
2018-02-01 $274,900 (-12.3%) $445,257 (-15.5%) 0.00 350
2018-03-01 $288,850 (-3.8%) $461,229 (-13.4%) 0.00 353
2018-04-01 $281,725 (-6.2%) $452,372 (-13.2%) 0.00 376
2018-05-01 $299,575 (1.7%) $447,258 (-2.5%) 0.00 419
2018-06-01 $320,000 (12.3%) $455,716 (2.8%) 0.00 457
2018-07-01 $317,975 (14.0%) $445,514 (2.9%) 0.00 504
2018-08-01 $299,000 (7.2%) $429,912 (2.1%) 0.00 504
2018-09-01 $294,900 (9.3%) $435,376 (4.4%) 0.00 490
2018-10-01 $298,810 (10.7%) $438,668 (8.7%) 0.00 481
2018-11-01 $307,470 (11.9%) $456,241 (10.7%) 0.00 463
2018-12-01 $299,000 (11.4%) $453,992 (10.1%) 0.00 403
2019-01-01 $297,475 (10.3%) $444,550 (5.9%) 0.00 356
2019-02-01 $316,975 (15.3%) $475,698 (6.8%) 0.00 336
2019-03-01 $329,207 (14.0%) $485,258 (5.2%) 0.00 361
2019-04-01 $334,975 (18.9%) $501,998 (11.0%) 0.00 376
2019-05-01 $335,000 (11.8%) $487,156 (8.9%) 0.00 419
2019-06-01 $335,000 (4.7%) $472,025 (3.6%) 0.00 477
2019-07-01 $332,456 (4.6%) $466,009 (4.6%) 0.00 522
2019-08-01 $327,200 (9.4%) $458,279 (6.6%) 0.00 529
2019-09-01 $323,150 (9.6%) $455,069 (4.5%) 0.00 540
2019-10-01 $317,500 (6.3%) $451,831 (3.0%) 0.00 552
2019-11-01 $311,950 (1.5%) $449,935 (-1.4%) 0.00 502
2019-12-01 $297,000 (-0.7%) $449,923 (-0.9%) 0.00 459
2020-01-01 $289,175 (-2.8%) $436,679 (-1.8%) 0.00 398
2020-02-01 $325,000 (2.5%) $482,091 (1.3%) 0.00 369
2020-03-01 $337,500 (2.5%) $494,337 (1.9%) 0.00 377
2020-04-01 $339,900 (1.5%) $482,730 (-3.8%) 0.00 384
2020-05-01 $339,900 (1.5%) $486,157 (-0.2%) 0.00 399
2020-06-01 $362,723 (8.3%) $520,848 (10.3%) 0.00 368
2020-07-01 $366,950 (10.4%) $530,034 (13.7%) 0.00 350
2020-08-01 $375,000 (14.6%) $572,108 (24.8%) 0.00 290
2020-09-01 $399,000 (23.5%) $603,228 (32.6%) 0.00 261
2020-10-01 $399,900 (26.0%) $659,058 (45.9%) 0.00 231
2020-11-01 $379,950 (21.8%) $635,900 (41.3%) 0.00 206
2020-12-01 $362,686 (22.1%) $631,055 (40.3%) 0.00 188
2021-01-01 $356,300 (23.2%) $609,793 (39.6%) 0.00 163
2021-02-01 $364,761 (12.2%) $641,134 (33.0%) 0.00 136
2021-03-01 $348,678 (3.3%) $626,695 (26.8%) 0.00 127
2021-04-01 $358,766 (5.6%) $668,120 (38.4%) 0.00 132
2021-05-01 $360,000 (5.9%) $681,865 (40.3%) 0.00 150
2021-06-01 $364,675 (0.5%) $667,801 (28.2%) 0.00 168
2021-07-01 $360,000 (-1.9%) $638,071 (20.4%) 0.00 187
2021-08-01 $367,450 (-2.0%) $621,239 (8.6%) 0.00 206
2021-09-01 $367,000 (-8.0%) $597,435 (-1.0%) 0.00 191
2021-10-01 $397,450 (-0.6%) $651,362 (-1.2%) 0.00 174
2021-11-01 $402,425 (5.9%) $675,168 (6.2%) 0.00 144
2021-12-01 $398,950 (10.0%) $662,433 (5.0%) 0.00 124
2022-01-01 $359,450 (0.9%) $621,724 (2.0%) 0.00 88
2022-02-01 $383,225 (5.1%) $632,531 (-1.3%) 0.00 75
2022-03-01 $377,975 (8.4%) $624,954 (-0.3%) 0.00 84
2022-04-01 $410,000 (14.3%) $616,129 (-7.8%) 0.00 103
2022-05-01 $399,950 (11.1%) $621,807 (-8.8%) 0.00 137
2022-06-01 $429,900 (17.9%) $637,613 (-4.5%) 0.00 181
2022-07-01 $425,000 (18.1%) $586,192 (-8.1%) 0.00 233
2022-08-01 $431,197 (17.4%) $587,014 (-5.5%) 0.00 248
2022-09-01 $439,675 (19.8%) $606,697 (1.6%) 0.00 230
2022-10-01 $422,000 (6.2%) $612,548 (-6.0%) 0.00 233
2022-11-01 $399,225 (-0.8%) $572,483 (-15.2%) 0.00 234
2022-12-01 $389,900 (-2.3%) $563,390 (-15.0%) 0.00 190
2023-01-01 $396,088 (10.2%) $547,403 (-12.0%) 0.00 156
2023-02-01 $399,788 (4.3%) $605,528 (-4.3%) 0.00 123
2023-03-01 $399,995 (5.8%) $663,594 (6.2%) 0.00 115
2023-04-01 $459,000 (12.0%) $718,191 (16.6%) 0.00 122
2023-05-01 $459,675 (14.9%) $698,632 (12.4%) 0.00 137
2023-06-01 $473,725 (10.2%) $690,668 (8.3%) 0.00 140
2023-07-01 $449,900 (5.9%) $641,820 (9.5%) 0.00 156
2023-08-01 $433,450 (0.5%) $703,833 (19.9%) 0.00 172
2023-09-01 $429,900 (-2.2%) $703,368 (15.9%) 0.00 198
2023-10-01 $422,450 (0.1%) $702,743 (14.7%) 0.00 218
2023-11-01 $406,225 (1.8%) $686,103 (19.9%) 0.00 205
2023-12-01 $412,450 (5.8%) $689,221 (22.3%) 0.00 179
2024-01-01 $402,425 (1.6%) $605,523 (10.6%) 0.00 152
2024-02-01 $423,500 (5.9%) $627,773 (3.7%) 0.00 138
2024-03-01 $475,000 (18.8%) $655,123 (-1.3%) 0.00 145
2024-04-01 $472,793 (3.0%) $684,468 (-4.7%) 0.00 160
2024-05-01 $470,863 (2.4%) $707,878 (1.3%) 0.00 193
Holland's median listing price for 2024-05-01 was $470,863, a difference of $11,188 (2.4%) versus the prior year and $-1,930 versus the prior month.

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

Holland's average listing price for 2024-05-01 was $707,878, a difference of $9,246 (1.3%) versus the prior year and $23,410 versus the prior month.

For the 2024-05-01 period, Holland had 193 MLS listings, a difference of 33 listings (21%) versus the prior month and 56 listings (41%) 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 2,037 sqft
2018-02-01 0 days 2,055 sqft
2018-03-01 0 days 2,090 sqft
2018-04-01 0 days 2,002 sqft
2018-05-01 0 days 2,041 sqft
2018-06-01 0 days 2,059 sqft
2018-07-01 0 days 2,062 sqft
2018-08-01 0 days 2,017 sqft
2018-09-01 0 days 1,955 sqft
2018-10-01 0 days 2,013 sqft
2018-11-01 0 days 2,032 sqft
2018-12-01 0 days 2,000 sqft
2019-01-01 0 days 1,927 sqft
2019-02-01 0 days 1,914 sqft
2019-03-01 0 days 1,959 sqft
2019-04-01 0 days 1,995 sqft
2019-05-01 0 days 1,979 sqft
2019-06-01 0 days 2,028 sqft
2019-07-01 0 days 2,084 sqft
2019-08-01 0 days 2,073 sqft
2019-09-01 0 days 2,052 sqft
2019-10-01 0 days 2,028 sqft
2019-11-01 0 days 2,007 sqft
2019-12-01 0 days 1,993 sqft
2020-01-01 0 days 1,976 sqft
2020-02-01 0 days 2,002 sqft
2020-03-01 0 days 1,984 sqft
2020-04-01 0 days 2,016 sqft
2020-05-01 0 days 2,023 sqft
2020-06-01 0 days 2,018 sqft
2020-07-01 0 days 2,009 sqft
2020-08-01 0 days 2,069 sqft
2020-09-01 0 days 2,215 sqft
2020-10-01 0 days 2,193 sqft
2020-11-01 0 days 2,151 sqft
2020-12-01 0 days 2,115 sqft
2021-01-01 0 days 2,167 sqft
2021-02-01 0 days 2,187 sqft
2021-03-01 0 days 2,152 sqft
2021-04-01 0 days 2,136 sqft
2021-05-01 0 days 2,005 sqft
2021-06-01 0 days 1,996 sqft
2021-07-01 0 days 1,980 sqft
2021-08-01 0 days 2,074 sqft
2021-09-01 0 days 1,994 sqft
2021-10-01 0 days 2,069 sqft
2021-11-01 0 days 2,068 sqft
2021-12-01 0 days 2,068 sqft
2022-01-01 0 days 2,073 sqft
2022-02-01 0 days 2,072 sqft
2022-03-01 0 days 2,091 sqft
2022-04-01 0 days 2,169 sqft
2022-05-01 0 days 2,103 sqft
2022-06-01 0 days 2,149 sqft
2022-07-01 0 days 2,150 sqft
2022-08-01 0 days 2,050 sqft
2022-09-01 0 days 2,074 sqft
2022-10-01 0 days 2,112 sqft
2022-11-01 0 days 2,038 sqft
2022-12-01 0 days 1,992 sqft
2023-01-01 0 days 1,996 sqft
2023-02-01 0 days 2,067 sqft
2023-03-01 0 days 2,058 sqft
2023-04-01 0 days 2,069 sqft
2023-05-01 0 days 2,166 sqft
2023-06-01 0 days 2,184 sqft
2023-07-01 0 days 2,137 sqft
2023-08-01 0 days 2,203 sqft
2023-09-01 0 days 2,146 sqft
2023-10-01 0 days 2,120 sqft
2023-11-01 0 days 2,088 sqft
2023-12-01 0 days 2,133 sqft
2024-01-01 0 days 2,019 sqft
2024-02-01 0 days 2,071 sqft
2024-03-01 0 days 2,099 sqft
2024-04-01 0 days 2,160 sqft
2024-05-01 0 days 2,091 sqft
Holland's median listing age (time on market) for 2024-05-01 was 0 days.

Holland's median square footage for active listings during the 2024-05-01 period was 2,091 sqft. One year prior, the average listing was 2,166 sqft.