Lansing USDA Loan Rates, Closing Costs & Stats

LANSING-EAST LANSING, MI

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.

Lansing's 23 lenders originated 76 USDA loans during 2024. The total origination value was $13,200,000, with an average USDA loan value of $173,684.

Lansing USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Lansing averaged 0.06% for the week of 2025-07-04, compared to the national average (all USDA variants) of 0% for the same period.

Lansing's average USDA mortgage closing costs are $4,822.

The average rate for the prior week (2025-06-27) was 6.9% and one month ago for the week of 2025-05-30, the average rate was 6.98%.

The average rate one year ago was 6.98%.

For refis of the same type during the week of 2025-07-04, the average rate was 0.21%.

Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

Lansing 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 Lansing level.

Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
UNION HOME MORTGAGE CORP. 16 6.98% $7,217
MORTGAGE 1 INCORPORATED 10 6.35% $6,342
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 7 6.61% $7,923
J. VIRGIL, INC. 5 6.70% $5,967
BLG HOLDINGS, INC. 4 6.78% $6,188
Flagstar Bank, FSB 4 6.71% $4,948
Preston Home Loans Inc 4 6.81% $6,262
The Dart Bank 3 6.50% $6,189
TOP FLITE FINANCIAL, INC. 2 6.68% $8,808
TOWNE MORTGAGE COMPANY 2 6.06% $6,611
DAS Acquisition Company, LLC 2 6.94% $6,697
PFCU 2 7.00% $4,591
UNITED WHOLESALE MORTGAGE, LLC 1 6.75% $6,631
Prosperity Home Mortgage, LLC 1 6.62% $5,426
STAUNTON FINANCIAL, INC. 1 5.75% $6,238
STOCKTON MORTGAGE CORPORATION 1 7.63% $8,698
BROKER SOLUTIONS, INC. 1 6.25% $10,189
GUILD MORTGAGE COMPANY 1 7.13% $5,020
FIRST COMMUNITY MORTGAGE, INC. 1 6.63% $7,585
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 1 6.63% $5,510
HOMESIDE FINANCIAL, LLC 1 6.75% $11,106
JMAC LENDING, INC. 1 6.50% $4,141
CROSSCOUNTRY MORTGAGE, LLC 1 7.13% $7,721

The top Lansing USDA lender as defined by loan originations is UNION HOME MORTGAGE CORP., with 16 USDA loans originated. Their average total fees are $7,217, which is $875 higher than the next largest lender, MORTGAGE 1 INCORPORATED.

The lowest fee Lansing USDA lenders (with over 10 loans originated) are MORTGAGE 1 INCORPORATED ($6,342), UNION HOME MORTGAGE CORP. ($7,217), .

The lowest rate Lansing USDA lenders (with over 10 loans originated) are MORTGAGE 1 INCORPORATED (6.35%), UNION HOME MORTGAGE CORP. (6.98%), .