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%.

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
Kokomo's median listing price for 2024-10-01 was $195,000, a difference of $13,800 (7.6%) versus the prior year and $-9,950 versus the prior month.

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. 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
Kokomo's median listing age (time on market) for 2024-10-01 was 0 days.

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.