Holland USDA Loan Rates, Closing Costs & Stats

Holland, MI

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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.

    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 6.4% for the week of 2024-12-13, compared to the national average (all USDA variants) of 6.303% for the same period.

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

    The average rate for the prior week (2024-12-06) was 6.43% and one month ago for the week of 2024-11-08, the average rate was 6.35%.

    The average rate one year ago was 6.82%.

    For refis of the same type during the week of 2024-12-13, the average rate was 6.89%.

    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
    2024-06-01 $464,863 (-1.9%) $725,215 (5.0%) 0.00 230
    2024-07-01 $438,663 (-2.5%) $715,759 (11.5%) 0.00 239
    2024-08-01 $429,000 (-1.0%) $690,670 (-1.9%) 0.00 271
    2024-09-01 $423,725 (-1.4%) $677,185 (-3.7%) 0.00 261
    2024-10-01 $422,625 (0.0%) $659,535 (-6.2%) 0.00 280
    2024-11-01 $435,000 (7.1%) $652,409 (-4.9%) 0.00 265
    Holland's median listing price for 2024-11-01 was $435,000, a difference of $28,775 (7.1%) versus the prior year and $12,375 versus the prior month.

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

    Holland's average listing price for 2024-11-01 was $652,409, a difference of $-33,694 (-4.9%) versus the prior year and $-7,126 versus the prior month.

    For the 2024-11-01 period, Holland had 265 MLS listings, a difference of -15 listings (-5%) versus the prior month and 60 listings (29%) 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
    2024-06-01 0 days 2,112 sqft
    2024-07-01 0 days 2,034 sqft
    2024-08-01 0 days 1,981 sqft
    2024-09-01 0 days 1,969 sqft
    2024-10-01 0 days 1,960 sqft
    2024-11-01 0 days 1,981 sqft
    Holland's median listing age (time on market) for 2024-11-01 was 0 days.

    Holland's median square footage for active listings during the 2024-11-01 period was 1,981 sqft. One year prior, the average listing was 2,088 sqft.