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 6.43% for the week of 2024-12-13, compared to the national average (all USDA variants) of 6.303% for the same period.

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

    The average rate for the prior week (2024-12-06) was 6.57% and one month ago for the week of 2024-11-08, the average rate was 6.48%.

    The average rate one year ago was 6.95%.

    For refis of the same type during the week of 2024-12-13, the average rate was 6.4%.

    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 $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
    2024-11-01 $199,000 (3.3%) $232,591 (2.1%) 0.00 181
    Kokomo's median listing price for 2024-11-01 was $199,000, a difference of $6,400 (3.3%) versus the prior year and $4,000 versus the prior month.

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

    Kokomo's average listing price for 2024-11-01 was $232,591, a difference of $4,775 (2.1%) versus the prior year and $-6,592 versus the prior month.

    For the 2024-11-01 period, Kokomo had 181 MLS listings, a difference of 28 listings (18%) versus the prior month and 39 listings (27%) 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 1,535 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
    2024-11-01 0 days 1,665 sqft
    Kokomo's median listing age (time on market) for 2024-11-01 was 0 days.

    Kokomo's median square footage for active listings during the 2024-11-01 period was 1,665 sqft. One year prior, the average listing was 1,780 sqft.