Jasper USDA Loan Rates, Closing Costs & Stats

Jasper, IN

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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.

    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 6.72% for the week of 2024-04-19, compared to the national average (all USDA variants) of 6.863% for the same period.

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

    The average rate for the prior week (2024-04-12) was 6.67% and one month ago for the week of 2024-03-15, the average rate was 6.66%.

    The average rate one year ago was 6.5%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.86%.

    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 $162,450 (16.1%) $216,370 (6.3%) 0.00 112
    2018-02-01 $158,675 (5.9%) $222,917 (10.3%) 0.00 106
    2018-03-01 $184,000 (16.9%) $233,809 (11.4%) 0.00 98
    2018-04-01 $195,556 (20.7%) $246,396 (18.5%) 0.00 98
    2018-05-01 $235,000 (36.3%) $252,703 (16.6%) 0.00 102
    2018-06-01 $226,500 (39.3%) $241,683 (15.7%) 0.00 107
    2018-07-01 $200,000 (24.6%) $225,267 (11.2%) 0.00 116
    2018-08-01 $183,050 (7.7%) $221,288 (4.9%) 0.00 115
    2018-09-01 $183,700 (8.4%) $226,114 (4.6%) 0.00 116
    2018-10-01 $181,900 (22.0%) $223,745 (2.2%) 0.00 125
    2018-11-01 $185,000 (24.7%) $229,545 (7.6%) 0.00 122
    2018-12-01 $188,450 (13.7%) $227,529 (7.8%) 0.00 121
    2019-01-01 $193,275 (19.0%) $227,558 (5.2%) 0.00 113
    2019-02-01 $190,200 (19.9%) $226,729 (1.7%) 0.00 120
    2019-03-01 $186,071 (1.1%) $226,380 (-3.2%) 0.00 109
    2019-04-01 $187,546 (-4.1%) $230,124 (-6.6%) 0.00 103
    2019-05-01 $208,725 (-11.2%) $228,736 (-9.5%) 0.00 103
    2019-06-01 $214,450 (-5.3%) $230,945 (-4.4%) 0.00 130
    2019-07-01 $219,900 (10.0%) $233,047 (3.5%) 0.00 141
    2019-08-01 $216,927 (18.5%) $232,880 (5.2%) 0.00 142
    2019-09-01 $212,468 (15.7%) $232,329 (2.8%) 0.00 141
    2019-10-01 $207,125 (13.9%) $229,804 (2.7%) 0.00 141
    2019-11-01 $193,000 (4.3%) $225,272 (-1.9%) 0.00 153
    2019-12-01 $194,600 (3.3%) $233,494 (2.6%) 0.00 138
    2020-01-01 $202,600 (4.8%) $244,220 (7.3%) 0.00 120
    2020-02-01 $199,900 (5.1%) $245,112 (8.1%) 0.00 118
    2020-03-01 $229,100 (23.1%) $262,525 (16.0%) 0.00 118
    2020-04-01 $228,225 (21.7%) $266,639 (15.9%) 0.00 114
    2020-05-01 $229,000 (9.7%) $274,749 (20.1%) 0.00 106
    2020-06-01 $226,625 (5.7%) $279,291 (20.9%) 0.00 104
    2020-07-01 $220,975 (0.5%) $275,642 (18.3%) 0.00 97
    2020-08-01 $229,000 (5.6%) $271,909 (16.8%) 0.00 86
    2020-09-01 $229,000 (7.8%) $275,395 (18.5%) 0.00 75
    2020-10-01 $239,000 (15.4%) $292,788 (27.4%) 0.00 74
    2020-11-01 $203,425 (5.4%) $283,146 (25.7%) 0.00 68
    2020-12-01 $200,975 (3.3%) $277,742 (19.0%) 0.00 61
    2021-01-01 $191,950 (-5.3%) $253,832 (3.9%) 0.00 62
    2021-02-01 $191,725 (-4.1%) $256,169 (4.5%) 0.00 52
    2021-03-01 $199,950 (-12.7%) $261,405 (-0.4%) 0.00 39
    2021-04-01 $204,000 (-10.6%) $274,278 (2.9%) 0.00 37
    2021-05-01 $199,999 (-12.7%) $241,335 (-12.2%) 0.00 41
    2021-06-01 $214,450 (-5.4%) $257,429 (-7.8%) 0.00 35
    2021-07-01 $179,950 (-18.6%) $232,204 (-15.8%) 0.00 37
    2021-08-01 $179,900 (-21.4%) $233,153 (-14.3%) 0.00 57
    2021-09-01 $177,200 (-22.6%) $241,377 (-12.4%) 0.00 59
    2021-10-01 $188,500 (-21.1%) $242,313 (-17.2%) 0.00 61
    2021-11-01 $239,950 (18.0%) $281,135 (-0.7%) 0.00 51
    2021-12-01 $242,225 (20.5%) $268,494 (-3.3%) 0.00 43
    2022-01-01 $265,000 (38.1%) $279,254 (10.0%) 0.00 36
    2022-02-01 $257,750 (34.4%) $317,873 (24.1%) 0.00 37
    2022-03-01 $239,725 (19.9%) $306,291 (17.2%) 0.00 42
    2022-04-01 $237,750 (16.5%) $305,107 (11.2%) 0.00 39
    2022-05-01 $230,425 (15.2%) $305,767 (26.7%) 0.00 52
    2022-06-01 $233,450 (8.9%) $281,305 (9.3%) 0.00 60
    2022-07-01 $232,450 (29.2%) $294,075 (26.7%) 0.00 64
    2022-08-01 $233,975 (30.1%) $272,852 (17.0%) 0.00 67
    2022-09-01 $253,675 (43.2%) $296,674 (22.9%) 0.00 70
    2022-10-01 $239,900 (27.3%) $300,112 (23.9%) 0.00 80
    2022-11-01 $222,250 (-7.4%) $301,375 (7.2%) 0.00 72
    2022-12-01 $229,000 (-5.5%) $294,066 (9.5%) 0.00 70
    2023-01-01 $234,450 (-11.5%) $298,464 (6.9%) 0.00 64
    2023-02-01 $250,000 (-3.0%) $318,435 (0.2%) 0.00 59
    2023-03-01 $279,500 (16.6%) $330,690 (8.0%) 0.00 61
    2023-04-01 $284,940 (19.9%) $309,301 (1.4%) 0.00 66
    2023-05-01 $266,973 (15.9%) $299,865 (-1.9%) 0.00 78
    2023-06-01 $272,400 (16.7%) $293,316 (4.3%) 0.00 81
    2023-07-01 $249,450 (7.3%) $278,062 (-5.5%) 0.00 79
    2023-08-01 $233,325 (-0.3%) $268,310 (-1.7%) 0.00 99
    2023-09-01 $241,900 (-4.6%) $258,245 (-13.0%) 0.00 123
    2023-10-01 $249,350 (3.9%) $271,631 (-9.5%) 0.00 127
    2023-11-01 $239,900 (7.9%) $265,511 (-11.9%) 0.00 127
    2023-12-01 $239,000 (4.4%) $267,113 (-9.2%) 0.00 109
    2024-01-01 $239,725 (2.3%) $263,899 (-11.6%) 0.00 91
    2024-02-01 $247,400 (-1.0%) $274,714 (-13.7%) 0.00 80
    2024-03-01 $260,000 (-7.0%) $285,136 (-13.8%) 0.00 78
    Jasper's median listing price for 2024-03-01 was $260,000, a difference of $-19,500 (-7.0%) versus the prior year and $12,600 versus the prior month.

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

    Jasper's average listing price for 2024-03-01 was $285,136, a difference of $-45,554 (-13.8%) versus the prior year and $10,422 versus the prior month.

    For the 2024-03-01 period, Jasper had 78 MLS listings, a difference of -2 listings (-3%) versus the prior month and 17 listings (28%) 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 2,006 sqft
    2018-02-01 0 days 2,225 sqft
    2018-03-01 0 days 2,285 sqft
    2018-04-01 0 days 2,229 sqft
    2018-05-01 0 days 2,348 sqft
    2018-06-01 0 days 2,275 sqft
    2018-07-01 0 days 2,092 sqft
    2018-08-01 0 days 2,116 sqft
    2018-09-01 0 days 2,150 sqft
    2018-10-01 0 days 2,152 sqft
    2018-11-01 0 days 2,338 sqft
    2018-12-01 0 days 2,166 sqft
    2019-01-01 0 days 2,166 sqft
    2019-02-01 0 days 2,160 sqft
    2019-03-01 0 days 2,136 sqft
    2019-04-01 0 days 2,136 sqft
    2019-05-01 0 days 2,200 sqft
    2019-06-01 0 days 2,130 sqft
    2019-07-01 0 days 2,186 sqft
    2019-08-01 0 days 2,230 sqft
    2019-09-01 0 days 2,233 sqft
    2019-10-01 0 days 2,225 sqft
    2019-11-01 0 days 2,151 sqft
    2019-12-01 0 days 2,209 sqft
    2020-01-01 0 days 2,239 sqft
    2020-02-01 0 days 2,253 sqft
    2020-03-01 0 days 2,316 sqft
    2020-04-01 0 days 2,359 sqft
    2020-05-01 0 days 2,400 sqft
    2020-06-01 0 days 2,536 sqft
    2020-07-01 0 days 2,343 sqft
    2020-08-01 0 days 2,301 sqft
    2020-09-01 0 days 2,297 sqft
    2020-10-01 0 days 2,396 sqft
    2020-11-01 0 days 2,260 sqft
    2020-12-01 0 days 2,152 sqft
    2021-01-01 0 days 2,100 sqft
    2021-02-01 0 days 2,315 sqft
    2021-03-01 0 days 2,448 sqft
    2021-04-01 0 days 2,559 sqft
    2021-05-01 0 days 2,180 sqft
    2021-06-01 0 days 1,902 sqft
    2021-07-01 0 days 1,736 sqft
    2021-08-01 0 days 1,887 sqft
    2021-09-01 0 days 2,082 sqft
    2021-10-01 0 days 2,006 sqft
    2021-11-01 0 days 2,319 sqft
    2021-12-01 0 days 2,113 sqft
    2022-01-01 0 days 2,152 sqft
    2022-02-01 0 days 2,087 sqft
    2022-03-01 0 days 2,124 sqft
    2022-04-01 0 days 2,013 sqft
    2022-05-01 0 days 2,068 sqft
    2022-06-01 0 days 1,838 sqft
    2022-07-01 0 days 1,885 sqft
    2022-08-01 0 days 1,702 sqft
    2022-09-01 0 days 1,779 sqft
    2022-10-01 0 days 1,825 sqft
    2022-11-01 0 days 1,778 sqft
    2022-12-01 0 days 1,811 sqft
    2023-01-01 0 days 1,817 sqft
    2023-02-01 0 days 1,790 sqft
    2023-03-01 0 days 1,800 sqft
    2023-04-01 0 days 1,808 sqft
    2023-05-01 0 days 1,887 sqft
    2023-06-01 0 days 2,060 sqft
    2023-07-01 0 days 1,891 sqft
    2023-08-01 0 days 1,826 sqft
    2023-09-01 0 days 1,819 sqft
    2023-10-01 0 days 1,819 sqft
    2023-11-01 0 days 1,798 sqft
    2023-12-01 0 days 1,804 sqft
    2024-01-01 0 days 1,887 sqft
    2024-02-01 0 days 1,914 sqft
    2024-03-01 0 days 2,037 sqft
    Jasper's median listing age (time on market) for 2024-03-01 was 0 days.

    Jasper's median square footage for active listings during the 2024-03-01 period was 2,037 sqft. One year prior, the average listing was 1,800 sqft.