Jasper USDA Loan Rates, Closing Costs & Stats

Jasper, IN

  • JUMP TO:
  • Trends
  • Rates vs Fees
  • Top Lenders
  • Markets
  • Market Conditions & Pricing
  • Time on Market/Property Size

    • 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.

    Jasper's 15 lenders originated 36 USDA loans during 2023. The total origination value was $6,080,000, with an average USDA loan value of $168,889.

    Jasper USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Jasper averaged 6.78% for the week of 2025-02-14, compared to the national average (all USDA variants) of 6.526% for the same period.

    Jasper's average USDA mortgage closing costs are $4,185.

    The average rate for the prior week (2025-02-07) was 6.44% and one month ago for the week of 2025-01-10, the average rate was 6.39%.

    The average rate one year ago was 6.68%.

    For refis of the same type during the week of 2025-02-14, the average rate was 6.73%.

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

    Jasper 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 Jasper level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    German American Bank 5 6.55% $4,499
    GVC MORTGAGE, INC. 5 7.43% $2,724
    Fifth Third Bank 3 6.58% $4,663
    UNITED WHOLESALE MORTGAGE, LLC 3 5.75% $5,917
    EVANSVILLE TEACHERS 3 6.58% $4,005
    MORTGAGE MASTERS OF INDIANA, INC. 3 7.13% $5,681
    UNION HOME MORTGAGE CORP. 3 6.58% $5,912
    FBC MORTGAGE, LLC 2 5.62% $6,957
    Bank of England 2 6.50% $5,893
    Peoples National Bank , N.A. 1 5.88% $3,907
    Plains Commerce Bank 1 6.63% $7,024
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 6.75% $7,393
    Century Mortgage Company DBA Century Lending Company 1 6.75% $3,304
    GUARANTEED RATE, INC. 1 5.75% $9,594
    Northpointe Bank 1 6.00% $3,831

    The top Jasper USDA lender as defined by loan originations is German American Bank, with 5 USDA loans originated. Their average total fees are $4,499, which is $1,775 higher than the next largest lender, GVC MORTGAGE, INC..

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

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

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Jasper (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 $183,875 (5.1%) $233,748 (0.2%) 0.00 91
    2018-02-01 $184,025 (4.6%) $241,511 (2.2%) 0.00 88
    2018-03-01 $210,164 (8.1%) $252,127 (3.8%) 0.00 83
    2018-04-01 $225,975 (13.3%) $264,554 (11.8%) 0.00 85
    2018-05-01 $249,900 (19.5%) $275,121 (12.3%) 0.00 82
    2018-06-01 $244,900 (30.0%) $264,515 (13.0%) 0.00 87
    2018-07-01 $216,150 (16.9%) $244,113 (9.2%) 0.00 93
    2018-08-01 $187,024 (3.3%) $236,829 (4.5%) 0.00 93
    2018-09-01 $186,649 (1.2%) $242,452 (2.6%) 0.00 95
    2018-10-01 $186,000 (8.6%) $237,254 (-1.6%) 0.00 104
    2018-11-01 $195,825 (16.9%) $240,979 (1.4%) 0.00 104
    2018-12-01 $195,200 (5.5%) $239,524 (5.0%) 0.00 104
    2019-01-01 $198,725 (8.1%) $239,537 (2.5%) 0.00 98
    2019-02-01 $196,025 (6.5%) $238,671 (-1.2%) 0.00 102
    2019-03-01 $203,064 (-3.4%) $241,841 (-4.1%) 0.00 93
    2019-04-01 $218,425 (-3.3%) $251,840 (-4.8%) 0.00 85
    2019-05-01 $235,000 (-6.0%) $259,357 (-5.7%) 0.00 80
    2019-06-01 $239,000 (-2.4%) $261,557 (-1.1%) 0.00 98
    2019-07-01 $239,000 (10.6%) $252,599 (3.5%) 0.00 113
    2019-08-01 $236,273 (26.3%) $248,549 (5.0%) 0.00 117
    2019-09-01 $232,182 (24.4%) $243,849 (0.6%) 0.00 118
    2019-10-01 $220,488 (18.5%) $240,501 (1.4%) 0.00 119
    2019-11-01 $206,750 (5.6%) $237,260 (-1.5%) 0.00 126
    2019-12-01 $212,375 (8.8%) $251,324 (4.9%) 0.00 112
    2020-01-01 $212,425 (6.9%) $260,802 (8.9%) 0.00 101
    2020-02-01 $214,800 (9.6%) $261,216 (9.5%) 0.00 100
    2020-03-01 $241,175 (18.8%) $278,407 (15.1%) 0.00 99
    2020-04-01 $235,700 (7.9%) $278,431 (10.6%) 0.00 98
    2020-05-01 $242,450 (3.2%) $285,965 (10.3%) 0.00 93
    2020-06-01 $232,600 (-2.7%) $290,081 (10.9%) 0.00 90
    2020-07-01 $243,063 (1.7%) $291,152 (15.3%) 0.00 82
    2020-08-01 $269,900 (14.2%) $300,606 (20.9%) 0.00 66
    2020-09-01 $269,900 (16.3%) $311,891 (27.9%) 0.00 58
    2020-10-01 $255,000 (15.7%) $317,338 (32.0%) 0.00 61
    2020-11-01 $284,725 (37.7%) $314,773 (32.7%) 0.00 55
    2020-12-01 $284,225 (33.8%) $318,160 (26.6%) 0.00 48
    2021-01-01 $232,000 (9.2%) $295,420 (13.3%) 0.00 47
    2021-02-01 $209,975 (-2.3%) $286,976 (9.9%) 0.00 40
    2021-03-01 $253,200 (5.0%) $295,614 (6.2%) 0.00 33
    2021-04-01 $249,000 (5.6%) $300,587 (8.0%) 0.00 33
    2021-05-01 $209,950 (-13.4%) $245,310 (-14.2%) 0.00 36
    2021-06-01 $249,450 (7.2%) $281,675 (-2.9%) 0.00 30
    2021-07-01 $199,500 (-17.9%) $251,940 (-13.5%) 0.00 29
    2021-08-01 $233,250 (-13.6%) $259,344 (-13.7%) 0.00 46
    2021-09-01 $279,900 (3.7%) $284,479 (-8.8%) 0.00 45
    2021-10-01 $249,700 (-2.1%) $286,033 (-9.9%) 0.00 46
    2021-11-01 $263,250 (-7.5%) $309,448 (-1.7%) 0.00 43
    2021-12-01 $265,000 (-6.8%) $283,714 (-10.8%) 0.00 39
    2022-01-01 $279,990 (20.7%) $309,022 (4.6%) 0.00 30
    2022-02-01 $265,925 (26.7%) $302,831 (5.5%) 0.00 28
    2022-03-01 $252,325 (-0.4%) $303,849 (2.8%) 0.00 32
    2022-04-01 $249,950 (0.4%) $338,279 (12.5%) 0.00 31
    2022-05-01 $245,925 (17.1%) $334,725 (36.5%) 0.00 41
    2022-06-01 $266,225 (6.7%) $316,818 (12.5%) 0.00 46
    2022-07-01 $262,450 (31.6%) $317,524 (26.0%) 0.00 52
    2022-08-01 $253,925 (8.9%) $310,685 (19.8%) 0.00 49
    2022-09-01 $282,850 (1.1%) $334,207 (17.5%) 0.00 53
    2022-10-01 $269,700 (8.0%) $336,248 (17.6%) 0.00 63
    2022-11-01 $250,000 (-5.0%) $346,325 (11.9%) 0.00 56
    2022-12-01 $249,900 (-5.7%) $336,247 (18.5%) 0.00 54
    2023-01-01 $257,888 (-7.9%) $334,568 (8.3%) 0.00 49
    2023-02-01 $280,000 (5.3%) $353,230 (16.6%) 0.00 47
    2023-03-01 $294,695 (16.8%) $362,164 (19.2%) 0.00 50
    2023-04-01 $284,940 (14.0%) $319,815 (-5.5%) 0.00 58
    2023-05-01 $273,200 (11.1%) $315,461 (-5.8%) 0.00 65
    2023-06-01 $278,946 (4.8%) $308,917 (-2.5%) 0.00 64
    2023-07-01 $260,000 (-0.9%) $291,021 (-8.4%) 0.00 64
    2023-08-01 $245,750 (-3.2%) $281,066 (-9.5%) 0.00 81
    2023-09-01 $249,900 (-11.7%) $275,315 (-17.6%) 0.00 97
    2023-10-01 $253,150 (-6.1%) $288,982 (-14.1%) 0.00 104
    2023-11-01 $247,400 (-1.0%) $280,340 (-19.1%) 0.00 102
    2023-12-01 $244,000 (-2.4%) $282,408 (-16.0%) 0.00 84
    2024-01-01 $246,575 (-4.4%) $281,983 (-15.7%) 0.00 71
    2024-02-01 $266,925 (-4.7%) $300,164 (-15.0%) 0.00 63
    2024-03-01 $286,000 (-3.0%) $304,875 (-15.8%) 0.00 62
    2024-04-01 $290,000 (1.8%) $321,599 (0.6%) 0.00 67
    2024-05-01 $289,000 (5.8%) $360,317 (14.2%) 0.00 79
    2024-06-01 $272,450 (-2.3%) $352,844 (14.2%) 0.00 92
    2024-07-01 $275,675 (6.0%) $352,150 (21.0%) 0.00 98
    2024-08-01 $250,000 (1.7%) $332,143 (18.2%) 0.00 93
    2024-09-01 $259,000 (3.6%) $334,140 (21.4%) 0.00 95
    2024-10-01 $254,393 (0.5%) $351,448 (21.6%) 0.00 87
    2024-11-01 $262,350 (6.0%) $348,773 (24.4%) 0.00 89
    2024-12-01 $269,850 (10.6%) $354,698 (25.6%) 0.00 86
    2025-01-01 $272,375 (10.5%) $358,875 (27.3%) 0.00 79
    Jasper's median listing price for 2025-01-01 was $272,375, a difference of $25,800 (10.5%) versus the prior year and $2,525 versus the prior month.

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

    Jasper's average listing price for 2025-01-01 was $358,875, a difference of $76,892 (27.3%) versus the prior year and $4,177 versus the prior month.

    For the 2025-01-01 period, Jasper had 79 MLS listings, a difference of -7 listings (-8%) versus the prior month and 8 listings (11%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Jasper (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 2,159 sqft
    2018-02-01 0 days 2,353 sqft
    2018-03-01 0 days 2,606 sqft
    2018-04-01 0 days 2,464 sqft
    2018-05-01 0 days 2,680 sqft
    2018-06-01 0 days 2,580 sqft
    2018-07-01 0 days 2,193 sqft
    2018-08-01 0 days 2,223 sqft
    2018-09-01 0 days 2,275 sqft
    2018-10-01 0 days 2,390 sqft
    2018-11-01 0 days 2,436 sqft
    2018-12-01 0 days 2,350 sqft
    2019-01-01 0 days 2,331 sqft
    2019-02-01 0 days 2,290 sqft
    2019-03-01 0 days 2,225 sqft
    2019-04-01 0 days 2,223 sqft
    2019-05-01 0 days 2,550 sqft
    2019-06-01 0 days 2,236 sqft
    2019-07-01 0 days 2,243 sqft
    2019-08-01 0 days 2,272 sqft
    2019-09-01 0 days 2,311 sqft
    2019-10-01 0 days 2,328 sqft
    2019-11-01 0 days 2,236 sqft
    2019-12-01 0 days 2,290 sqft
    2020-01-01 0 days 2,331 sqft
    2020-02-01 0 days 2,340 sqft
    2020-03-01 0 days 2,371 sqft
    2020-04-01 0 days 2,447 sqft
    2020-05-01 0 days 2,537 sqft
    2020-06-01 0 days 2,573 sqft
    2020-07-01 0 days 2,445 sqft
    2020-08-01 0 days 2,513 sqft
    2020-09-01 0 days 2,518 sqft
    2020-10-01 0 days 2,579 sqft
    2020-11-01 0 days 2,514 sqft
    2020-12-01 0 days 2,354 sqft
    2021-01-01 0 days 2,279 sqft
    2021-02-01 0 days 2,406 sqft
    2021-03-01 0 days 2,703 sqft
    2021-04-01 0 days 2,623 sqft
    2021-05-01 0 days 2,400 sqft
    2021-06-01 0 days 2,141 sqft
    2021-07-01 0 days 1,914 sqft
    2021-08-01 0 days 2,121 sqft
    2021-09-01 0 days 2,348 sqft
    2021-10-01 0 days 2,152 sqft
    2021-11-01 0 days 2,544 sqft
    2021-12-01 0 days 2,205 sqft
    2022-01-01 0 days 2,336 sqft
    2022-02-01 0 days 2,258 sqft
    2022-03-01 0 days 2,243 sqft
    2022-04-01 0 days 2,405 sqft
    2022-05-01 0 days 2,359 sqft
    2022-06-01 0 days 2,073 sqft
    2022-07-01 0 days 2,100 sqft
    2022-08-01 0 days 2,006 sqft
    2022-09-01 0 days 2,176 sqft
    2022-10-01 0 days 2,097 sqft
    2022-11-01 0 days 1,948 sqft
    2022-12-01 0 days 1,972 sqft
    2023-01-01 0 days 1,941 sqft
    2023-02-01 0 days 1,843 sqft
    2023-03-01 0 days 1,832 sqft
    2023-04-01 0 days 1,776 sqft
    2023-05-01 0 days 1,870 sqft
    2023-06-01 0 days 2,092 sqft
    2023-07-01 0 days 1,996 sqft
    2023-08-01 0 days 1,978 sqft
    2023-09-01 0 days 2,014 sqft
    2023-10-01 0 days 1,975 sqft
    2023-11-01 0 days 1,924 sqft
    2023-12-01 0 days 1,920 sqft
    2024-01-01 0 days 2,020 sqft
    2024-02-01 0 days 2,166 sqft
    2024-03-01 0 days 2,183 sqft
    2024-04-01 0 days 2,256 sqft
    2024-05-01 0 days 2,186 sqft
    2024-06-01 0 days 2,076 sqft
    2024-07-01 0 days 2,151 sqft
    2024-08-01 0 days 2,140 sqft
    2024-09-01 0 days 2,127 sqft
    2024-10-01 0 days 2,092 sqft
    2024-11-01 0 days 2,208 sqft
    2024-12-01 0 days 2,258 sqft
    2025-01-01 0 days 2,249 sqft
    Jasper's median listing age (time on market) for 2025-01-01 was 0 days.

    Jasper's median square footage for active listings during the 2025-01-01 period was 2,249 sqft. One year prior, the average listing was 2,020 sqft.