Kokomo USDA Loan Rates, Closing Costs & Stats

KOKOMO, 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.

    Kokomo's 5 lenders originated 7 USDA loans during 2023. The total origination value was $1,255,000, with an average USDA loan value of $179,286.

    Kokomo USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Kokomo averaged 6.95% for the week of 2025-02-14, compared to the national average (all USDA variants) of 6.526% for the same period.

    Kokomo's average USDA mortgage closing costs are $4,013.

    The average rate for the prior week (2025-02-07) was 6.81% and one month ago for the week of 2025-01-10, the average rate was 6.76%.

    The average rate one year ago was 6.65%.

    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.

    Kokomo 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 Kokomo level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    GVC MORTGAGE, INC. 3 6.96% $6,045
    BAYSHORE MORTGAGE FUNDING, LLC 1 6.63% $6,578
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 7.25% $3,526
    Plains Commerce Bank 1 6.75% $11,813
    PLAZA HOME MORTGAGE, INC. 1 6.50% $5,317

    The top Kokomo USDA lender as defined by loan originations is GVC MORTGAGE, INC., with 3 USDA loans originated. Their average total fees are $6,045, which is $533 lower than the next largest lender, BAYSHORE MORTGAGE FUNDING, LLC.

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

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

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Kokomo (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 $85,575 (-4.8%) $123,417 (2.4%) 0.00 293
    2018-02-01 $81,825 (-8.2%) $118,875 (-2.2%) 0.00 280
    2018-03-01 $87,000 (-3.8%) $122,102 (-1.5%) 0.00 247
    2018-04-01 $99,175 (19.5%) $130,845 (5.7%) 0.00 227
    2018-05-01 $107,000 (16.1%) $139,265 (5.0%) 0.00 223
    2018-06-01 $122,500 (36.0%) $149,119 (15.5%) 0.00 256
    2018-07-01 $91,575 (-6.3%) $129,805 (-0.2%) 0.00 293
    2018-08-01 $94,575 (-7.7%) $133,824 (-4.8%) 0.00 297
    2018-09-01 $99,900 (0.0%) $137,634 (-6.8%) 0.00 317
    2018-10-01 $119,900 (23.9%) $139,225 (-5.0%) 0.00 366
    2018-11-01 $117,500 (23.8%) $134,403 (-6.5%) 0.00 357
    2018-12-01 $112,245 (26.5%) $129,860 (5.5%) 0.00 372
    2019-01-01 $111,073 (29.8%) $128,095 (3.8%) 0.00 343
    2019-02-01 $112,450 (37.4%) $127,911 (7.6%) 0.00 313
    2019-03-01 $115,321 (32.6%) $129,059 (5.7%) 0.00 281
    2019-04-01 $120,346 (21.4%) $136,663 (4.5%) 0.00 252
    2019-05-01 $123,490 (15.4%) $142,991 (2.7%) 0.00 238
    2019-06-01 $129,945 (6.1%) $150,283 (0.8%) 0.00 236
    2019-07-01 $135,950 (48.5%) $154,896 (19.3%) 0.00 232
    2019-08-01 $133,109 (40.7%) $153,683 (14.8%) 0.00 236
    2019-09-01 $122,923 (23.1%) $149,379 (8.5%) 0.00 245
    2019-10-01 $115,000 (-4.1%) $145,337 (4.4%) 0.00 253
    2019-11-01 $118,990 (1.3%) $144,687 (7.7%) 0.00 242
    2019-12-01 $117,868 (5.0%) $144,940 (11.6%) 0.00 227
    2020-01-01 $114,995 (3.5%) $144,020 (12.4%) 0.00 205
    2020-02-01 $115,000 (2.3%) $142,781 (11.6%) 0.00 182
    2020-03-01 $129,700 (12.5%) $146,467 (13.5%) 0.00 148
    2020-04-01 $127,400 (5.9%) $143,669 (5.1%) 0.00 149
    2020-05-01 $132,900 (7.6%) $154,586 (8.1%) 0.00 135
    2020-06-01 $115,945 (-10.8%) $146,463 (-2.5%) 0.00 125
    2020-07-01 $136,725 (0.6%) $163,655 (5.7%) 0.00 131
    2020-08-01 $149,900 (12.6%) $160,951 (4.7%) 0.00 116
    2020-09-01 $144,175 (17.3%) $167,081 (11.9%) 0.00 122
    2020-10-01 $119,900 (4.3%) $156,024 (7.4%) 0.00 125
    2020-11-01 $122,150 (2.7%) $153,141 (5.8%) 0.00 137
    2020-12-01 $122,450 (3.9%) $156,344 (7.9%) 0.00 118
    2021-01-01 $139,900 (21.7%) $164,788 (14.4%) 0.00 85
    2021-02-01 $112,450 (-2.2%) $175,060 (22.6%) 0.00 58
    2021-03-01 $130,050 (0.3%) $182,074 (24.3%) 0.00 61
    2021-04-01 $159,800 (25.4%) $193,971 (35.0%) 0.00 45
    2021-05-01 $152,950 (15.1%) $180,619 (16.8%) 0.00 49
    2021-06-01 $114,888 (-0.9%) $158,701 (8.4%) 0.00 73
    2021-07-01 $109,900 (-19.6%) $146,671 (-10.4%) 0.00 109
    2021-08-01 $116,200 (-22.5%) $162,659 (1.1%) 0.00 98
    2021-09-01 $112,500 (-22.0%) $161,699 (-3.2%) 0.00 113
    2021-10-01 $112,000 (-6.6%) $140,672 (-9.8%) 0.00 118
    2021-11-01 $127,450 (4.3%) $162,272 (6.0%) 0.00 122
    2021-12-01 $119,950 (-2.0%) $157,004 (0.4%) 0.00 115
    2022-01-01 $113,900 (-18.6%) $127,711 (-22.5%) 0.00 95
    2022-02-01 $98,675 (-12.3%) $122,511 (-30.0%) 0.00 80
    2022-03-01 $107,950 (-17.0%) $137,878 (-24.3%) 0.00 82
    2022-04-01 $109,450 (-31.5%) $139,535 (-28.1%) 0.00 67
    2022-05-01 $149,900 (-2.0%) $179,654 (-0.5%) 0.00 87
    2022-06-01 $145,500 (26.7%) $179,875 (13.3%) 0.00 102
    2022-07-01 $134,400 (22.3%) $187,031 (27.5%) 0.00 119
    2022-08-01 $130,675 (12.5%) $180,610 (11.0%) 0.00 131
    2022-09-01 $144,925 (28.8%) $185,004 (14.4%) 0.00 133
    2022-10-01 $148,000 (32.1%) $189,232 (34.5%) 0.00 145
    2022-11-01 $161,500 (26.7%) $188,662 (16.3%) 0.00 156
    2022-12-01 $164,000 (36.7%) $189,819 (20.9%) 0.00 133
    2023-01-01 $149,250 (31.0%) $180,435 (41.3%) 0.00 118
    2023-02-01 $158,675 (60.8%) $190,425 (55.4%) 0.00 81
    2023-03-01 $143,475 (32.9%) $188,015 (36.4%) 0.00 72
    2023-04-01 $147,900 (35.1%) $193,678 (38.8%) 0.00 85
    2023-05-01 $147,200 (-1.8%) $192,924 (7.4%) 0.00 95
    2023-06-01 $166,975 (14.8%) $199,105 (10.7%) 0.00 109
    2023-07-01 $166,950 (24.2%) $202,141 (8.1%) 0.00 109
    2023-08-01 $198,675 (52.0%) $222,984 (23.5%) 0.00 109
    2023-09-01 $187,250 (29.2%) $211,652 (14.4%) 0.00 118
    2023-10-01 $181,200 (22.4%) $204,825 (8.2%) 0.00 136
    2023-11-01 $192,600 (19.3%) $227,816 (20.8%) 0.00 142
    2023-12-01 $184,700 (12.6%) $221,341 (16.6%) 0.00 148
    2024-01-01 $167,425 (12.2%) $207,941 (15.2%) 0.00 131
    2024-02-01 $185,950 (17.2%) $212,348 (11.5%) 0.00 82
    2024-03-01 $212,300 (48.0%) $232,469 (23.6%) 0.00 74
    2024-04-01 $204,125 (38.0%) $228,951 (18.2%) 0.00 74
    2024-05-01 $232,400 (57.9%) $242,321 (25.6%) 0.00 85
    2024-06-01 $219,900 (31.7%) $249,517 (25.3%) 0.00 92
    2024-07-01 $222,425 (33.2%) $242,819 (20.1%) 0.00 102
    2024-08-01 $219,900 (10.7%) $250,854 (12.5%) 0.00 109
    2024-09-01 $203,700 (8.8%) $246,612 (16.5%) 0.00 143
    2024-10-01 $195,000 (7.6%) $239,183 (16.8%) 0.00 153
    2024-11-01 $199,000 (3.3%) $232,591 (2.1%) 0.00 181
    2024-12-01 $192,000 (4.0%) $229,025 (3.5%) 0.00 178
    2025-01-01 $194,950 (16.4%) $229,162 (10.2%) 0.00 177
    Kokomo's median listing price for 2025-01-01 was $194,950, a difference of $27,525 (16.4%) versus the prior year and $2,950 versus the prior month.

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

    Kokomo's average listing price for 2025-01-01 was $229,162, a difference of $21,221 (10.2%) versus the prior year and $137 versus the prior month.

    For the 2025-01-01 period, Kokomo had 177 MLS listings, a difference of -1 listings (-1%) versus the prior month and 46 listings (35%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Kokomo (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,533 sqft
    2018-02-01 0 days 1,491 sqft
    2018-03-01 0 days 1,499 sqft
    2018-04-01 0 days 1,555 sqft
    2018-05-01 0 days 1,575 sqft
    2018-06-01 0 days 1,642 sqft
    2018-07-01 0 days 1,531 sqft
    2018-08-01 0 days 1,592 sqft
    2018-09-01 0 days 1,627 sqft
    2018-10-01 0 days 1,615 sqft
    2018-11-01 0 days 1,592 sqft
    2018-12-01 0 days 1,564 sqft
    2019-01-01 0 days 1,498 sqft
    2019-02-01 0 days 1,501 sqft
    2019-03-01 0 days 1,524 sqft
    2019-04-01 0 days 1,572 sqft
    2019-05-01 0 days 1,605 sqft
    2019-06-01 0 days 1,712 sqft
    2019-07-01 0 days 1,668 sqft
    2019-08-01 0 days 1,690 sqft
    2019-09-01 0 days 1,675 sqft
    2019-10-01 0 days 1,632 sqft
    2019-11-01 0 days 1,577 sqft
    2019-12-01 0 days 1,561 sqft
    2020-01-01 0 days 1,665 sqft
    2020-02-01 0 days 1,662 sqft
    2020-03-01 0 days 1,646 sqft
    2020-04-01 0 days 1,660 sqft
    2020-05-01 0 days 1,728 sqft
    2020-06-01 0 days 1,611 sqft
    2020-07-01 0 days 1,734 sqft
    2020-08-01 0 days 1,640 sqft
    2020-09-01 0 days 1,546 sqft
    2020-10-01 0 days 1,443 sqft
    2020-11-01 0 days 1,569 sqft
    2020-12-01 0 days 1,548 sqft
    2021-01-01 0 days 1,592 sqft
    2021-02-01 0 days 1,497 sqft
    2021-03-01 0 days 1,420 sqft
    2021-04-01 0 days 1,573 sqft
    2021-05-01 0 days 1,508 sqft
    2021-06-01 0 days 1,419 sqft
    2021-07-01 0 days 1,406 sqft
    2021-08-01 0 days 1,524 sqft
    2021-09-01 0 days 1,517 sqft
    2021-10-01 0 days 1,476 sqft
    2021-11-01 0 days 1,561 sqft
    2021-12-01 0 days 1,470 sqft
    2022-01-01 0 days 1,408 sqft
    2022-02-01 0 days 1,335 sqft
    2022-03-01 0 days 1,415 sqft
    2022-04-01 0 days 1,448 sqft
    2022-05-01 0 days 1,588 sqft
    2022-06-01 0 days 1,534 sqft
    2022-07-01 0 days 1,463 sqft
    2022-08-01 0 days 1,543 sqft
    2022-09-01 0 days 1,466 sqft
    2022-10-01 0 days 1,512 sqft
    2022-11-01 0 days 1,544 sqft
    2022-12-01 0 days 1,505 sqft
    2023-01-01 0 days 1,488 sqft
    2023-02-01 0 days 1,532 sqft
    2023-03-01 0 days 1,498 sqft
    2023-04-01 0 days 1,589 sqft
    2023-05-01 0 days 1,571 sqft
    2023-06-01 0 days 1,668 sqft
    2023-07-01 0 days 1,777 sqft
    2023-08-01 0 days 1,827 sqft
    2023-09-01 0 days 1,784 sqft
    2023-10-01 0 days 1,635 sqft
    2023-11-01 0 days 1,780 sqft
    2023-12-01 0 days 1,724 sqft
    2024-01-01 0 days 1,613 sqft
    2024-02-01 0 days 1,644 sqft
    2024-03-01 0 days 1,799 sqft
    2024-04-01 0 days 1,815 sqft
    2024-05-01 0 days 1,762 sqft
    2024-06-01 0 days 1,771 sqft
    2024-07-01 0 days 1,678 sqft
    2024-08-01 0 days 1,722 sqft
    2024-09-01 0 days 1,696 sqft
    2024-10-01 0 days 1,673 sqft
    2024-11-01 0 days 1,665 sqft
    2024-12-01 0 days 1,639 sqft
    2025-01-01 0 days 1,635 sqft
    Kokomo's median listing age (time on market) for 2025-01-01 was 0 days.

    Kokomo's median square footage for active listings during the 2025-01-01 period was 1,635 sqft. One year prior, the average listing was 1,613 sqft.