Logansport USDA Loan Rates, Closing Costs & Stats

Logansport, 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.

    Logansport's 9 lenders originated 24 USDA loans during 2023. The total origination value was $3,400,000, with an average USDA loan value of $141,667.

    Logansport USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Logansport averaged 6.41% for the week of 2024-12-13, compared to the national average (all USDA variants) of 6.303% for the same period.

    Logansport's average USDA mortgage closing costs are $3,001.

    The average rate for the prior week (2024-12-06) was 6.45% and one month ago for the week of 2024-11-08, the average rate was 6.86%.

    The average rate one year ago was 7.13%.

    For refis of the same type during the week of 2024-12-13, the average rate was 6.1%.

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

    Logansport 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 Logansport level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    PLAZA HOME MORTGAGE, INC. 10 6.64% $4,324
    RUOFF MORTGAGE COMPANY, INC. 4 7.50% $1,900
    MOVEMENT MORTGAGE, LLC 3 6.71% $5,584
    NEWREZ LLC 1 6.75% $2,800
    UNION HOME MORTGAGE CORP. 1 7.13% $4,722
    BAYSHORE MORTGAGE FUNDING, LLC 1 7.13% $5,065
    UNITED WHOLESALE MORTGAGE, LLC 1 5.00% $26,973
    CMG MORTGAGE, INC. 1 6.25% $5,999
    GVC MORTGAGE, INC. 1 7.13% $2,532

    The top Logansport USDA lender as defined by loan originations is PLAZA HOME MORTGAGE, INC., with 10 USDA loans originated. Their average total fees are $4,324, which is $2,424 higher than the next largest lender, RUOFF MORTGAGE COMPANY, INC..

    The lowest fee Logansport USDA lenders (with over 10 loans originated) are PLAZA HOME MORTGAGE, INC. ($4,324), .

    The lowest rate Logansport USDA lenders (with over 10 loans originated) are PLAZA HOME MORTGAGE, INC. (6.64%), .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Logansport (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 $75,000 (21.0%) $94,082 (21.3%) 0.00 114
    2018-02-01 $75,475 (18.3%) $94,000 (18.0%) 0.00 115
    2018-03-01 $75,000 (11.1%) $94,911 (13.3%) 0.00 93
    2018-04-01 $83,000 (20.3%) $98,780 (12.7%) 0.00 105
    2018-05-01 $83,950 (16.0%) $102,621 (13.4%) 0.00 110
    2018-06-01 $87,700 (16.2%) $108,295 (14.1%) 0.00 116
    2018-07-01 $86,500 (10.3%) $114,658 (14.9%) 0.00 120
    2018-08-01 $84,950 (5.0%) $116,056 (9.8%) 0.00 120
    2018-09-01 $84,950 (0.1%) $113,914 (1.6%) 0.00 123
    2018-10-01 $80,900 (-0.1%) $116,009 (7.1%) 0.00 108
    2018-11-01 $79,000 (5.3%) $107,467 (5.9%) 0.00 110
    2018-12-01 $79,900 (3.9%) $123,900 (27.3%) 0.00 103
    2019-01-01 $83,725 (11.6%) $121,536 (29.2%) 0.00 99
    2019-02-01 $86,175 (14.2%) $127,099 (35.2%) 0.00 92
    2019-03-01 $95,857 (27.8%) $138,893 (46.3%) 0.00 86
    2019-04-01 $109,950 (32.5%) $150,260 (52.1%) 0.00 81
    2019-05-01 $106,475 (26.8%) $146,455 (42.7%) 0.00 80
    2019-06-01 $109,450 (24.8%) $143,308 (32.3%) 0.00 67
    2019-07-01 $109,000 (26.0%) $137,543 (20.0%) 0.00 81
    2019-08-01 $108,455 (27.7%) $135,649 (16.9%) 0.00 83
    2019-09-01 $107,636 (26.7%) $129,846 (14.0%) 0.00 93
    2019-10-01 $107,091 (32.4%) $126,491 (9.0%) 0.00 101
    2019-11-01 $97,000 (22.8%) $121,650 (13.2%) 0.00 101
    2019-12-01 $94,975 (18.9%) $119,435 (-3.6%) 0.00 95
    2020-01-01 $90,450 (8.0%) $113,639 (-6.5%) 0.00 91
    2020-02-01 $84,400 (-2.1%) $108,062 (-15.0%) 0.00 80
    2020-03-01 $85,950 (-10.3%) $112,287 (-19.2%) 0.00 78
    2020-04-01 $87,000 (-20.9%) $115,466 (-23.2%) 0.00 71
    2020-05-01 $88,900 (-16.5%) $112,532 (-23.2%) 0.00 48
    2020-06-01 $82,325 (-24.8%) $117,010 (-18.4%) 0.00 49
    2020-07-01 $107,950 (-1.0%) $132,291 (-3.8%) 0.00 49
    2020-08-01 $125,000 (15.3%) $139,054 (2.5%) 0.00 47
    2020-09-01 $123,700 (14.9%) $142,985 (10.1%) 0.00 45
    2020-10-01 $125,000 (16.7%) $145,869 (15.3%) 0.00 43
    2020-11-01 $152,650 (57.4%) $161,343 (32.6%) 0.00 45
    2020-12-01 $140,000 (47.4%) $159,522 (33.6%) 0.00 42
    2021-01-01 $112,000 (23.8%) $141,269 (24.3%) 0.00 38
    2021-02-01 $96,400 (14.2%) $129,516 (19.9%) 0.00 31
    2021-03-01 $81,150 (-5.6%) $117,003 (4.2%) 0.00 32
    2021-04-01 $92,450 (6.3%) $140,746 (21.9%) 0.00 31
    2021-05-01 $119,000 (33.9%) $167,017 (48.4%) 0.00 31
    2021-06-01 $107,475 (30.6%) $155,857 (33.2%) 0.00 34
    2021-07-01 $89,900 (-16.7%) $122,764 (-7.2%) 0.00 54
    2021-08-01 $81,250 (-35.0%) $104,188 (-25.1%) 0.00 57
    2021-09-01 $79,900 (-35.4%) $109,139 (-23.7%) 0.00 55
    2021-10-01 $82,500 (-34.0%) $108,873 (-25.4%) 0.00 54
    2021-11-01 $113,675 (-25.5%) $124,854 (-22.6%) 0.00 43
    2021-12-01 $112,425 (-19.7%) $127,581 (-20.0%) 0.00 35
    2022-01-01 $119,900 (7.1%) $138,166 (-2.2%) 0.00 32
    2022-02-01 $129,000 (33.8%) $161,234 (24.5%) 0.00 31
    2022-03-01 $138,175 (70.3%) $177,221 (51.5%) 0.00 23
    2022-04-01 $145,000 (56.8%) $198,774 (41.2%) 0.00 18
    2022-05-01 $140,375 (18.0%) $199,213 (19.3%) 0.00 27
    2022-06-01 $144,375 (34.3%) $193,485 (24.1%) 0.00 31
    2022-07-01 $142,900 (59.0%) $182,974 (49.1%) 0.00 50
    2022-08-01 $148,000 (82.2%) $187,554 (80.0%) 0.00 60
    2022-09-01 $154,900 (93.9%) $178,912 (63.9%) 0.00 50
    2022-10-01 $148,000 (79.4%) $166,437 (52.9%) 0.00 49
    2022-11-01 $129,950 (14.3%) $149,787 (20.0%) 0.00 51
    2022-12-01 $134,900 (20.0%) $152,269 (19.4%) 0.00 44
    2023-01-01 $139,950 (16.7%) $164,176 (18.8%) 0.00 34
    2023-02-01 $154,450 (19.7%) $177,665 (10.2%) 0.00 29
    2023-03-01 $217,425 (57.4%) $226,251 (27.7%) 0.00 16
    2023-04-01 $179,900 (24.1%) $218,268 (9.8%) 0.00 20
    2023-05-01 $157,450 (12.2%) $192,667 (-3.3%) 0.00 27
    2023-06-01 $184,500 (27.8%) $198,109 (2.4%) 0.00 32
    2023-07-01 $175,000 (22.5%) $200,997 (9.9%) 0.00 35
    2023-08-01 $171,249 (15.7%) $195,824 (4.4%) 0.00 42
    2023-09-01 $159,950 (3.3%) $210,604 (17.7%) 0.00 43
    2023-10-01 $177,475 (19.9%) $215,264 (29.3%) 0.00 42
    2023-11-01 $194,600 (49.8%) $219,559 (46.6%) 0.00 42
    2023-12-01 $189,000 (40.1%) $221,107 (45.2%) 0.00 39
    2024-01-01 $189,225 (35.2%) $204,092 (24.3%) 0.00 42
    2024-02-01 $198,875 (28.8%) $204,724 (15.2%) 0.00 33
    2024-03-01 $187,450 (-13.8%) $200,426 (-11.4%) 0.00 32
    2024-04-01 $181,213 (0.7%) $202,482 (-7.2%) 0.00 40
    2024-05-01 $224,925 (42.9%) $249,531 (29.5%) 0.00 34
    2024-06-01 $225,000 (22.0%) $236,882 (19.6%) 0.00 37
    2024-07-01 $189,675 (8.4%) $231,626 (15.2%) 0.00 38
    2024-08-01 $193,700 (13.1%) $242,005 (23.6%) 0.00 47
    2024-09-01 $238,675 (49.2%) $250,625 (19.0%) 0.00 60
    2024-10-01 $194,900 (9.8%) $232,890 (8.2%) 0.00 64
    2024-11-01 $190,000 (-2.4%) $226,057 (3.0%) 0.00 70
    Logansport's median listing price for 2024-11-01 was $190,000, a difference of $-4,600 (-2.4%) versus the prior year and $-4,900 versus the prior month.

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

    Logansport's average listing price for 2024-11-01 was $226,057, a difference of $6,498 (3.0%) versus the prior year and $-6,833 versus the prior month.

    For the 2024-11-01 period, Logansport had 70 MLS listings, a difference of 6 listings (9%) versus the prior month and 28 listings (67%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Logansport (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,536 sqft
    2018-02-01 0 days 1,530 sqft
    2018-03-01 0 days 1,560 sqft
    2018-04-01 0 days 1,556 sqft
    2018-05-01 0 days 1,606 sqft
    2018-06-01 0 days 1,632 sqft
    2018-07-01 0 days 1,608 sqft
    2018-08-01 0 days 1,642 sqft
    2018-09-01 0 days 1,744 sqft
    2018-10-01 0 days 1,735 sqft
    2018-11-01 0 days 1,624 sqft
    2018-12-01 0 days 1,697 sqft
    2019-01-01 0 days 1,697 sqft
    2019-02-01 0 days 1,672 sqft
    2019-03-01 0 days 1,722 sqft
    2019-04-01 0 days 1,772 sqft
    2019-05-01 0 days 1,761 sqft
    2019-06-01 0 days 1,668 sqft
    2019-07-01 0 days 1,665 sqft
    2019-08-01 0 days 1,647 sqft
    2019-09-01 0 days 1,620 sqft
    2019-10-01 0 days 1,619 sqft
    2019-11-01 0 days 1,645 sqft
    2019-12-01 0 days 1,606 sqft
    2020-01-01 0 days 1,626 sqft
    2020-02-01 0 days 1,560 sqft
    2020-03-01 0 days 1,654 sqft
    2020-04-01 0 days 1,659 sqft
    2020-05-01 0 days 1,669 sqft
    2020-06-01 0 days 1,728 sqft
    2020-07-01 0 days 1,757 sqft
    2020-08-01 0 days 1,768 sqft
    2020-09-01 0 days 2,021 sqft
    2020-10-01 0 days 1,952 sqft
    2020-11-01 0 days 1,848 sqft
    2020-12-01 0 days 1,741 sqft
    2021-01-01 0 days 1,688 sqft
    2021-02-01 0 days 1,686 sqft
    2021-03-01 0 days 1,532 sqft
    2021-04-01 0 days 1,617 sqft
    2021-05-01 0 days 1,528 sqft
    2021-06-01 0 days 1,586 sqft
    2021-07-01 0 days 1,620 sqft
    2021-08-01 0 days 1,383 sqft
    2021-09-01 0 days 1,391 sqft
    2021-10-01 0 days 1,382 sqft
    2021-11-01 0 days 1,490 sqft
    2021-12-01 0 days 1,572 sqft
    2022-01-01 0 days 1,568 sqft
    2022-02-01 0 days 1,564 sqft
    2022-03-01 0 days 1,493 sqft
    2022-04-01 0 days 1,613 sqft
    2022-05-01 0 days 1,635 sqft
    2022-06-01 0 days 1,566 sqft
    2022-07-01 0 days 1,634 sqft
    2022-08-01 0 days 1,566 sqft
    2022-09-01 0 days 1,608 sqft
    2022-10-01 0 days 1,540 sqft
    2022-11-01 0 days 1,577 sqft
    2022-12-01 0 days 1,619 sqft
    2023-01-01 0 days 1,640 sqft
    2023-02-01 0 days 1,581 sqft
    2023-03-01 0 days 1,809 sqft
    2023-04-01 0 days 1,928 sqft
    2023-05-01 0 days 1,706 sqft
    2023-06-01 0 days 1,785 sqft
    2023-07-01 0 days 1,674 sqft
    2023-08-01 0 days 1,787 sqft
    2023-09-01 0 days 1,796 sqft
    2023-10-01 0 days 1,859 sqft
    2023-11-01 0 days 1,922 sqft
    2023-12-01 0 days 1,873 sqft
    2024-01-01 0 days 1,907 sqft
    2024-02-01 0 days 1,880 sqft
    2024-03-01 0 days 1,875 sqft
    2024-04-01 0 days 1,811 sqft
    2024-05-01 0 days 1,954 sqft
    2024-06-01 0 days 2,048 sqft
    2024-07-01 0 days 1,940 sqft
    2024-08-01 0 days 1,848 sqft
    2024-09-01 0 days 1,875 sqft
    2024-10-01 0 days 1,760 sqft
    2024-11-01 0 days 1,792 sqft
    Logansport's median listing age (time on market) for 2024-11-01 was 0 days.

    Logansport's median square footage for active listings during the 2024-11-01 period was 1,792 sqft. One year prior, the average listing was 1,922 sqft.