Kokomo USDA Loan Rates, Closing Costs & Stats
KOKOMO, 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.
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
0.33%
for the week of 2024-11-29, compared to the national average (all USDA variants) of
0% for the same period.
Kokomo's average USDA mortgage closing costs are $4,013.
The average rate for the prior week (2024-11-22) was
6.93% and
one month ago for the week of 2024-10-25, the
average rate was 6.33%.
The average rate one year ago was 7.13%.
For refis of the same type during the week of 2024-11-29, the average rate
was 0.2%.
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. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $86,225 (-4.1%) | $123,621 (2.3%) | 0.00 | 294 |
2018-02-01 | $82,450 (-8.3%) | $119,100 (-2.4%) | 0.00 | 281 |
2018-03-01 | $87,250 (-6.8%) | $122,309 (-1.7%) | 0.00 | 248 |
2018-04-01 | $99,450 (14.7%) | $131,049 (5.7%) | 0.00 | 228 |
2018-05-01 | $107,000 (15.7%) | $139,446 (5.2%) | 0.00 | 224 |
2018-06-01 | $122,700 (36.0%) | $149,253 (15.6%) | 0.00 | 257 |
2018-07-01 | $91,575 (-7.0%) | $129,805 (-0.2%) | 0.00 | 293 |
2018-08-01 | $94,575 (-7.9%) | $133,824 (-5.1%) | 0.00 | 298 |
2018-09-01 | $99,900 (0.0%) | $137,825 (-7.3%) | 0.00 | 318 |
2018-10-01 | $119,900 (23.2%) | $139,414 (-5.5%) | 0.00 | 367 |
2018-11-01 | $117,600 (23.5%) | $134,671 (-7.0%) | 0.00 | 358 |
2018-12-01 | $112,490 (25.1%) | $130,123 (5.6%) | 0.00 | 373 |
2019-01-01 | $111,343 (29.1%) | $128,640 (4.1%) | 0.00 | 345 |
2019-02-01 | $113,450 (37.6%) | $128,220 (7.7%) | 0.00 | 314 |
2019-03-01 | $115,347 (32.2%) | $129,401 (5.8%) | 0.00 | 282 |
2019-04-01 | $120,352 (21.0%) | $137,007 (4.6%) | 0.00 | 253 |
2019-05-01 | $123,490 (15.4%) | $143,308 (2.8%) | 0.00 | 239 |
2019-06-01 | $129,945 (5.9%) | $150,283 (0.7%) | 0.00 | 236 |
2019-07-01 | $135,950 (48.5%) | $154,872 (19.3%) | 0.00 | 232 |
2019-08-01 | $133,142 (40.8%) | $153,648 (14.8%) | 0.00 | 236 |
2019-09-01 | $122,937 (23.1%) | $149,364 (8.4%) | 0.00 | 245 |
2019-10-01 | $115,000 (-4.1%) | $145,506 (4.4%) | 0.00 | 254 |
2019-11-01 | $119,900 (2.0%) | $144,687 (7.4%) | 0.00 | 243 |
2019-12-01 | $118,720 (5.5%) | $145,277 (11.7%) | 0.00 | 228 |
2020-01-01 | $114,995 (3.3%) | $144,092 (12.0%) | 0.00 | 206 |
2020-02-01 | $115,000 (1.4%) | $142,781 (11.4%) | 0.00 | 182 |
2020-03-01 | $129,700 (12.4%) | $146,467 (13.2%) | 0.00 | 148 |
2020-04-01 | $127,400 (5.9%) | $143,669 (4.9%) | 0.00 | 149 |
2020-05-01 | $132,900 (7.6%) | $154,586 (7.9%) | 0.00 | 135 |
2020-06-01 | $117,400 (-9.7%) | $146,964 (-2.2%) | 0.00 | 125 |
2020-07-01 | $139,600 (2.7%) | $164,046 (5.9%) | 0.00 | 132 |
2020-08-01 | $149,900 (12.6%) | $160,951 (4.8%) | 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 (7.2%) | 0.00 | 125 |
2020-11-01 | $122,150 (1.9%) | $153,141 (5.8%) | 0.00 | 137 |
2020-12-01 | $122,450 (3.1%) | $156,344 (7.6%) | 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 (-2.1%) | $158,701 (8.0%) | 0.00 | 73 |
2021-07-01 | $109,900 (-21.3%) | $146,671 (-10.6%) | 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 | $108,700 (-16.4%) | $138,575 (-23.9%) | 0.00 | 82 |
2022-04-01 | $109,450 (-31.5%) | $139,535 (-28.1%) | 0.00 | 67 |
2022-05-01 | $149,900 (-2.0%) | $179,869 (-0.4%) | 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 | 120 |
2022-08-01 | $130,700 (12.5%) | $181,134 (11.4%) | 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 | $162,750 (27.7%) | $188,662 (16.3%) | 0.00 | 156 |
2022-12-01 | $164,000 (36.7%) | $189,819 (20.9%) | 0.00 | 134 |
2023-01-01 | $149,250 (31.0%) | $180,435 (41.3%) | 0.00 | 118 |
2023-02-01 | $159,900 (62.1%) | $190,896 (55.8%) | 0.00 | 81 |
2023-03-01 | $143,475 (32.0%) | $188,015 (35.7%) | 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 (7.3%) | 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 (23.1%) | 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 (18.3%) | $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 | $186,225 (16.5%) | $212,717 (11.4%) | 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 | $234,725 (59.5%) | $244,057 (26.5%) | 0.00 | 85 |
2024-06-01 | $239,900 (43.7%) | $254,589 (27.9%) | 0.00 | 92 |
2024-07-01 | $223,675 (34.0%) | $243,115 (20.3%) | 0.00 | 102 |
2024-08-01 | $219,900 (10.7%) | $250,854 (12.5%) | 0.00 | 109 |
2024-09-01 | $204,950 (9.5%) | $246,612 (16.5%) | 0.00 | 143 |
2024-10-01 | $195,000 (7.6%) | $239,183 (16.8%) | 0.00 | 153 |
Kokomo's median listing price comes in at 0% of the national average.
Kokomo's average listing price for 2024-10-01 was $239,183, a difference of $34,358 (16.8%) versus the prior year and $-7,429 versus the prior month.
For the 2024-10-01 period, Kokomo had 153 MLS listings, a difference of 10 listings (7%) versus the prior month and 17 listings (13%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Kokomo (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,535 sqft |
2018-02-01 | 0 days | 1,494 sqft |
2018-03-01 | 0 days | 1,500 sqft |
2018-04-01 | 0 days | 1,557 sqft |
2018-05-01 | 0 days | 1,576 sqft |
2018-06-01 | 0 days | 1,644 sqft |
2018-07-01 | 0 days | 1,531 sqft |
2018-08-01 | 0 days | 1,592 sqft |
2018-09-01 | 0 days | 1,630 sqft |
2018-10-01 | 0 days | 1,618 sqft |
2018-11-01 | 0 days | 1,592 sqft |
2018-12-01 | 0 days | 1,568 sqft |
2019-01-01 | 0 days | 1,507 sqft |
2019-02-01 | 0 days | 1,505 sqft |
2019-03-01 | 0 days | 1,525 sqft |
2019-04-01 | 0 days | 1,578 sqft |
2019-05-01 | 0 days | 1,607 sqft |
2019-06-01 | 0 days | 1,712 sqft |
2019-07-01 | 0 days | 1,668 sqft |
2019-08-01 | 0 days | 1,700 sqft |
2019-09-01 | 0 days | 1,680 sqft |
2019-10-01 | 0 days | 1,632 sqft |
2019-11-01 | 0 days | 1,600 sqft |
2019-12-01 | 0 days | 1,566 sqft |
2020-01-01 | 0 days | 1,675 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 | 1,613 sqft |
2020-07-01 | 0 days | 1,745 sqft |
2020-08-01 | 0 days | 1,641 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 | 1,418 sqft |
2022-04-01 | 0 days | 1,448 sqft |
2022-05-01 | 0 days | 1,584 sqft |
2022-06-01 | 0 days | 1,534 sqft |
2022-07-01 | 0 days | 1,463 sqft |
2022-08-01 | 0 days | 1,546 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 | 1,512 sqft |
2023-01-01 | 0 days | 1,488 sqft |
2023-02-01 | 0 days | 1,538 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 | 1,612 sqft |
2024-02-01 | 0 days | 1,648 sqft |
2024-03-01 | 0 days | 1,800 sqft |
2024-04-01 | 0 days | 1,817 sqft |
2024-05-01 | 0 days | 1,811 sqft |
2024-06-01 | 0 days | 1,799 sqft |
2024-07-01 | 0 days | 1,678 sqft |
2024-08-01 | 0 days | 1,722 sqft |
2024-09-01 | 0 days | 1,697 sqft |
2024-10-01 | 0 days | 1,673 sqft |
Kokomo's median square footage for active listings during the 2024-10-01 period was 1,673 sqft. One year prior, the average listing was 1,635 sqft.