Logansport USDA Loan Rates, Closing Costs & Stats
Logansport, 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.
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
6.97%
for the week of 2024-04-19, compared to the national average (all USDA variants) of
6.863% for the same period.
Logansport's average USDA mortgage closing costs are $3,001.
The average rate for the prior week (2024-04-12) was
7.22% and
one month ago for the week of 2024-03-15, the
average rate was 6.71%.
The average rate one year ago was 6.44%.
For refis of the same type during the week of 2024-04-19, the average rate
was 7.06%.
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 |
Logansport's median listing price comes in at 0% of the national average.
Logansport's average listing price for 2024-03-01 was $200,426, a difference of $-25,825 (-11.4%) versus the prior year and $-4,298 versus the prior month.
For the 2024-03-01 period, Logansport had 32 MLS listings, a difference of -1 listings (-3%) versus the prior month and 16 listings (100%) 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 |
Logansport's median square footage for active listings during the 2024-03-01 period was 1,875 sqft. One year prior, the average listing was 1,809 sqft.