Kendallville USDA Loan Rates, Closing Costs & Stats
Kendallville, IN
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.
Kendallville's 12 lenders originated 30 USDA loans during 2023. The total origination value was $4,940,000, with an average USDA loan value of $164,667.
Kendallville USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Kendallville
averaged
6.86%
for the week of 2024-04-19, compared to the national average (all USDA variants) of
6.863% for the same period.
Kendallville's average USDA mortgage closing costs are $3,155.
The average rate for the prior week (2024-04-12) was
6.81% and
one month ago for the week of 2024-03-15, the
average rate was 6.89%.
The average rate one year ago was 6.73%.
For refis of the same type during the week of 2024-04-19, the average rate
was 6.66%.
Kendallville 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 Kendallville level.
| Name | # of Loans | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
|---|---|---|---|
| RUOFF MORTGAGE COMPANY, INC. | 7 | 6.91% | $2,964 |
| VAN DYK MORTGAGE CORPORATION | 7 | 6.66% | $3,079 |
| GVC MORTGAGE, INC. | 4 | 7.38% | $7,322 |
| Horizon Bank | 2 | 6.38% | $4,234 |
| Fifth Third Bank | 2 | 5.94% | $4,563 |
| HALLMARK HOME MORTGAGE, LLC | 2 | 6.50% | $7,033 |
| CARDINAL FINANCIAL | 1 | 6.00% | $4,697 |
| MORTGAGE 1 INCORPORATED | 1 | 5.88% | $5,982 |
| PLAZA HOME MORTGAGE, INC. | 1 | 5.75% | $2,329 |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | 1 | 6.75% | $5,716 |
| FIRST COMMUNITY MORTGAGE, INC. | 1 | 7.50% | $4,652 |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | 1 | 6.50% | $2,088 |
The top Kendallville USDA lender as defined by loan originations is RUOFF MORTGAGE COMPANY, INC., with
7 USDA loans originated. Their average total fees are
$2,964, which is $115
lower than the next largest lender,
VAN DYK MORTGAGE CORPORATION.
The lowest fee Kendallville USDA lenders (with over 10 loans originated) are
.
The lowest rate Kendallville USDA lenders (with over 10 loans originated) are
.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Kendallville (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 | $135,225 (11.6%) | $187,922 (25.6%) | 0.00 | 98 |
| 2018-02-01 | $131,450 (7.4%) | $176,906 (16.7%) | 0.00 | 103 |
| 2018-03-01 | $131,250 (-4.4%) | $174,433 (7.4%) | 0.00 | 95 |
| 2018-04-01 | $143,400 (6.2%) | $198,548 (26.3%) | 0.00 | 103 |
| 2018-05-01 | $139,900 (5.8%) | $194,251 (21.1%) | 0.00 | 113 |
| 2018-06-01 | $148,500 (12.8%) | $206,714 (30.5%) | 0.00 | 130 |
| 2018-07-01 | $139,200 (11.5%) | $205,549 (33.7%) | 0.00 | 135 |
| 2018-08-01 | $138,800 (13.2%) | $227,618 (45.0%) | 0.00 | 130 |
| 2018-09-01 | $149,900 (15.6%) | $233,356 (39.3%) | 0.00 | 114 |
| 2018-10-01 | $149,700 (7.3%) | $231,710 (27.8%) | 0.00 | 107 |
| 2018-11-01 | $149,900 (7.6%) | $230,988 (27.1%) | 0.00 | 104 |
| 2018-12-01 | $154,450 (18.9%) | $235,503 (32.5%) | 0.00 | 97 |
| 2019-01-01 | $139,050 (2.8%) | $228,030 (21.3%) | 0.00 | 97 |
| 2019-02-01 | $137,350 (4.5%) | $244,028 (37.9%) | 0.00 | 96 |
| 2019-03-01 | $155,100 (18.2%) | $264,282 (51.5%) | 0.00 | 92 |
| 2019-04-01 | $186,050 (29.7%) | $284,185 (43.1%) | 0.00 | 90 |
| 2019-05-01 | $199,675 (42.7%) | $292,834 (50.8%) | 0.00 | 90 |
| 2019-06-01 | $199,000 (34.0%) | $278,993 (35.0%) | 0.00 | 100 |
| 2019-07-01 | $186,450 (33.9%) | $265,079 (29.0%) | 0.00 | 105 |
| 2019-08-01 | $172,191 (24.1%) | $247,488 (8.7%) | 0.00 | 119 |
| 2019-09-01 | $165,052 (10.1%) | $237,037 (1.6%) | 0.00 | 136 |
| 2019-10-01 | $160,293 (7.1%) | $230,070 (-0.7%) | 0.00 | 144 |
| 2019-11-01 | $156,900 (4.7%) | $235,327 (1.9%) | 0.00 | 122 |
| 2019-12-01 | $150,650 (-2.5%) | $222,949 (-5.3%) | 0.00 | 99 |
| 2020-01-01 | $141,550 (1.8%) | $237,260 (4.1%) | 0.00 | 87 |
| 2020-02-01 | $159,900 (16.4%) | $254,624 (4.3%) | 0.00 | 93 |
| 2020-03-01 | $164,900 (6.3%) | $233,500 (-11.7%) | 0.00 | 77 |
| 2020-04-01 | $179,675 (-3.4%) | $241,317 (-15.1%) | 0.00 | 84 |
| 2020-05-01 | $169,900 (-14.9%) | $246,909 (-15.7%) | 0.00 | 59 |
| 2020-06-01 | $164,900 (-17.1%) | $259,571 (-7.0%) | 0.00 | 57 |
| 2020-07-01 | $175,600 (-5.8%) | $268,011 (1.1%) | 0.00 | 50 |
| 2020-08-01 | $181,450 (5.4%) | $277,600 (12.2%) | 0.00 | 48 |
| 2020-09-01 | $177,675 (7.7%) | $260,586 (9.9%) | 0.00 | 55 |
| 2020-10-01 | $182,400 (13.8%) | $275,557 (19.8%) | 0.00 | 54 |
| 2020-11-01 | $194,750 (24.1%) | $297,576 (26.5%) | 0.00 | 50 |
| 2020-12-01 | $195,564 (29.8%) | $303,598 (36.2%) | 0.00 | 44 |
| 2021-01-01 | $225,376 (59.2%) | $304,986 (28.6%) | 0.00 | 37 |
| 2021-02-01 | $232,924 (45.7%) | $331,579 (30.2%) | 0.00 | 27 |
| 2021-03-01 | $232,900 (41.2%) | $339,684 (45.5%) | 0.00 | 23 |
| 2021-04-01 | $253,625 (41.2%) | $421,789 (74.8%) | 0.00 | 19 |
| 2021-05-01 | $177,900 (4.7%) | $300,791 (21.8%) | 0.00 | 24 |
| 2021-06-01 | $219,700 (33.2%) | $317,937 (22.5%) | 0.00 | 26 |
| 2021-07-01 | $182,450 (3.9%) | $301,870 (12.6%) | 0.00 | 32 |
| 2021-08-01 | $214,900 (18.4%) | $311,777 (12.3%) | 0.00 | 44 |
| 2021-09-01 | $242,925 (36.7%) | $351,854 (35.0%) | 0.00 | 45 |
| 2021-10-01 | $249,900 (37.0%) | $364,022 (32.1%) | 0.00 | 48 |
| 2021-11-01 | $221,475 (13.7%) | $365,632 (22.9%) | 0.00 | 44 |
| 2021-12-01 | $219,825 (12.4%) | $365,418 (20.4%) | 0.00 | 36 |
| 2022-01-01 | $194,900 (-13.5%) | $299,595 (-1.8%) | 0.00 | 34 |
| 2022-02-01 | $194,325 (-16.6%) | $336,335 (1.4%) | 0.00 | 26 |
| 2022-03-01 | $165,450 (-29.0%) | $264,907 (-22.0%) | 0.00 | 26 |
| 2022-04-01 | $159,900 (-37.0%) | $289,021 (-31.5%) | 0.00 | 23 |
| 2022-05-01 | $162,250 (-8.8%) | $259,775 (-13.6%) | 0.00 | 25 |
| 2022-06-01 | $208,225 (-5.2%) | $255,109 (-19.8%) | 0.00 | 36 |
| 2022-07-01 | $215,900 (18.3%) | $292,668 (-3.1%) | 0.00 | 50 |
| 2022-08-01 | $228,475 (6.3%) | $331,391 (6.3%) | 0.00 | 52 |
| 2022-09-01 | $258,725 (6.5%) | $376,229 (6.9%) | 0.00 | 53 |
| 2022-10-01 | $244,900 (-2.0%) | $383,120 (5.3%) | 0.00 | 59 |
| 2022-11-01 | $251,450 (13.5%) | $388,733 (6.3%) | 0.00 | 71 |
| 2022-12-01 | $262,400 (19.4%) | $388,925 (6.4%) | 0.00 | 65 |
| 2023-01-01 | $274,949 (41.1%) | $379,722 (26.8%) | 0.00 | 51 |
| 2023-02-01 | $273,749 (40.9%) | $367,038 (9.1%) | 0.00 | 56 |
| 2023-03-01 | $291,925 (76.4%) | $391,027 (47.6%) | 0.00 | 47 |
| 2023-04-01 | $299,900 (87.6%) | $417,593 (44.5%) | 0.00 | 53 |
| 2023-05-01 | $301,463 (85.8%) | $425,108 (63.6%) | 0.00 | 54 |
| 2023-06-01 | $318,950 (53.2%) | $422,948 (65.8%) | 0.00 | 71 |
| 2023-07-01 | $315,900 (46.3%) | $417,806 (42.8%) | 0.00 | 69 |
| 2023-08-01 | $312,450 (36.8%) | $394,942 (19.2%) | 0.00 | 62 |
| 2023-09-01 | $306,400 (18.4%) | $393,837 (4.7%) | 0.00 | 62 |
| 2023-10-01 | $290,925 (18.8%) | $361,201 (-5.7%) | 0.00 | 66 |
| 2023-11-01 | $271,100 (7.8%) | $338,410 (-13.0%) | 0.00 | 70 |
| 2023-12-01 | $269,900 (2.9%) | $338,445 (-13.0%) | 0.00 | 76 |
| 2024-01-01 | $271,325 (-1.3%) | $345,818 (-8.9%) | 0.00 | 69 |
| 2024-02-01 | $299,900 (9.6%) | $380,289 (3.6%) | 0.00 | 49 |
| 2024-03-01 | $315,000 (7.9%) | $397,326 (1.6%) | 0.00 | 53 |
Kendallville's median listing price comes in at 0% of the national average.
Kendallville's average listing price for 2024-03-01 was $397,326, a difference of $6,299 (1.6%) versus the prior year and $17,037 versus the prior month.
For the 2024-03-01 period, Kendallville had 53 MLS listings, a difference of 4 listings (8%) versus the prior month and 6 listings (13%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Kendallville (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 0 days | 1,585 sqft |
| 2018-02-01 | 0 days | 1,543 sqft |
| 2018-03-01 | 0 days | 1,477 sqft |
| 2018-04-01 | 0 days | 1,456 sqft |
| 2018-05-01 | 0 days | 1,523 sqft |
| 2018-06-01 | 0 days | 1,535 sqft |
| 2018-07-01 | 0 days | 1,523 sqft |
| 2018-08-01 | 0 days | 1,608 sqft |
| 2018-09-01 | 0 days | 1,733 sqft |
| 2018-10-01 | 0 days | 1,700 sqft |
| 2018-11-01 | 0 days | 1,598 sqft |
| 2018-12-01 | 0 days | 1,604 sqft |
| 2019-01-01 | 0 days | 1,574 sqft |
| 2019-02-01 | 0 days | 1,695 sqft |
| 2019-03-01 | 0 days | 1,756 sqft |
| 2019-04-01 | 0 days | 1,787 sqft |
| 2019-05-01 | 0 days | 1,881 sqft |
| 2019-06-01 | 0 days | 1,683 sqft |
| 2019-07-01 | 0 days | 1,675 sqft |
| 2019-08-01 | 0 days | 1,640 sqft |
| 2019-09-01 | 0 days | 1,617 sqft |
| 2019-10-01 | 0 days | 1,606 sqft |
| 2019-11-01 | 0 days | 1,640 sqft |
| 2019-12-01 | 0 days | 1,599 sqft |
| 2020-01-01 | 0 days | 1,588 sqft |
| 2020-02-01 | 0 days | 1,600 sqft |
| 2020-03-01 | 0 days | 1,649 sqft |
| 2020-04-01 | 0 days | 1,726 sqft |
| 2020-05-01 | 0 days | 1,558 sqft |
| 2020-06-01 | 0 days | 1,636 sqft |
| 2020-07-01 | 0 days | 1,781 sqft |
| 2020-08-01 | 0 days | 1,741 sqft |
| 2020-09-01 | 0 days | 1,681 sqft |
| 2020-10-01 | 0 days | 1,688 sqft |
| 2020-11-01 | 0 days | 1,628 sqft |
| 2020-12-01 | 0 days | 1,636 sqft |
| 2021-01-01 | 0 days | 1,697 sqft |
| 2021-02-01 | 0 days | 1,702 sqft |
| 2021-03-01 | 0 days | 1,784 sqft |
| 2021-04-01 | 0 days | 1,909 sqft |
| 2021-05-01 | 0 days | 1,616 sqft |
| 2021-06-01 | 0 days | 1,836 sqft |
| 2021-07-01 | 0 days | 1,747 sqft |
| 2021-08-01 | 0 days | 1,651 sqft |
| 2021-09-01 | 0 days | 1,752 sqft |
| 2021-10-01 | 0 days | 1,739 sqft |
| 2021-11-01 | 0 days | 1,738 sqft |
| 2021-12-01 | 0 days | 1,618 sqft |
| 2022-01-01 | 0 days | 1,660 sqft |
| 2022-02-01 | 0 days | 1,676 sqft |
| 2022-03-01 | 0 days | 1,617 sqft |
| 2022-04-01 | 0 days | 1,720 sqft |
| 2022-05-01 | 0 days | 1,602 sqft |
| 2022-06-01 | 0 days | 1,641 sqft |
| 2022-07-01 | 0 days | 1,584 sqft |
| 2022-08-01 | 0 days | 1,725 sqft |
| 2022-09-01 | 0 days | 1,835 sqft |
| 2022-10-01 | 0 days | 1,795 sqft |
| 2022-11-01 | 0 days | 1,759 sqft |
| 2022-12-01 | 0 days | 1,736 sqft |
| 2023-01-01 | 0 days | 1,691 sqft |
| 2023-02-01 | 0 days | 1,673 sqft |
| 2023-03-01 | 0 days | 1,753 sqft |
| 2023-04-01 | 0 days | 1,761 sqft |
| 2023-05-01 | 0 days | 1,772 sqft |
| 2023-06-01 | 0 days | 1,894 sqft |
| 2023-07-01 | 0 days | 2,078 sqft |
| 2023-08-01 | 0 days | 2,202 sqft |
| 2023-09-01 | 0 days | 2,020 sqft |
| 2023-10-01 | 0 days | 1,898 sqft |
| 2023-11-01 | 0 days | 1,852 sqft |
| 2023-12-01 | 0 days | 1,888 sqft |
| 2024-01-01 | 0 days | 1,844 sqft |
| 2024-02-01 | 0 days | 1,851 sqft |
| 2024-03-01 | 0 days | 1,761 sqft |
Kendallville's median square footage for active listings during the 2024-03-01 period was 1,761 sqft. One year prior, the average listing was 1,753 sqft.