Ludington USDA Loan Rates, Closing Costs & Stats
Ludington, 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.
Ludington's 2 lenders originated 2 USDA loans during 2024. The total origination value was $320,000, with an average USDA loan value of $160,000.
Ludington USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Ludington
averaged
0.41%
for the week of 2025-05-30, compared to the national average (all USDA variants) of
0% for the same period.
Ludington's average USDA mortgage closing costs are $5,245.
The average rate for the prior week (2025-05-23) was
7.04% and
one month ago for the week of 2025-04-25, the
average rate was 6.88%.
The average rate one year ago was 6.95%.
For refis of the same type during the week of 2025-05-30, the average rate
was -0.2%.
Ludington 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 Ludington level.
| Name | # of Loans | 2024 Avg. 30yFix Rate | 2024 Avg. Closing Costs |
|---|---|---|---|
| BROKER SOLUTIONS, INC. | 1 | 7.25% | $7,662 |
| Fifth Third Bank | 1 | 6.63% | $4,833 |
The top Ludington USDA lender as defined by loan originations is BROKER SOLUTIONS, INC., with
1 USDA loans originated. Their average total fees are
$7,662, which is $2,829
higher than the next largest lender,
Fifth Third Bank.
The lowest fee Ludington USDA lenders (with over 10 loans originated) are
.
The lowest rate Ludington USDA lenders (with over 10 loans originated) are
.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Ludington (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 | $192,950 (19.3%) | $283,324 (7.3%) | 0.00 | 159 |
| 2018-02-01 | $189,900 (8.2%) | $273,913 (-0.8%) | 0.00 | 157 |
| 2018-03-01 | $189,900 (7.5%) | $273,751 (1.5%) | 0.00 | 146 |
| 2018-04-01 | $199,900 (24.9%) | $278,902 (8.7%) | 0.00 | 161 |
| 2018-05-01 | $199,900 (16.9%) | $287,104 (12.2%) | 0.00 | 169 |
| 2018-06-01 | $212,500 (18.1%) | $300,738 (12.4%) | 0.00 | 196 |
| 2018-07-01 | $214,975 (19.8%) | $303,928 (15.1%) | 0.00 | 207 |
| 2018-08-01 | $213,500 (22.1%) | $299,790 (12.5%) | 0.00 | 201 |
| 2018-09-01 | $199,900 (14.9%) | $293,112 (7.2%) | 0.00 | 200 |
| 2018-10-01 | $199,400 (11.0%) | $282,495 (2.0%) | 0.00 | 192 |
| 2018-11-01 | $192,425 (-1.3%) | $276,325 (1.0%) | 0.00 | 183 |
| 2018-12-01 | $182,400 (-4.0%) | $276,735 (-1.5%) | 0.00 | 162 |
| 2019-01-01 | $182,425 (-5.5%) | $273,911 (-3.3%) | 0.00 | 151 |
| 2019-02-01 | $182,425 (-3.9%) | $275,393 (0.5%) | 0.00 | 146 |
| 2019-03-01 | $191,329 (0.8%) | $280,582 (2.5%) | 0.00 | 144 |
| 2019-04-01 | $195,379 (-2.3%) | $280,745 (0.7%) | 0.00 | 149 |
| 2019-05-01 | $194,900 (-2.5%) | $267,053 (-7.0%) | 0.00 | 165 |
| 2019-06-01 | $215,000 (1.2%) | $271,758 (-9.6%) | 0.00 | 176 |
| 2019-07-01 | $229,000 (6.5%) | $285,115 (-6.2%) | 0.00 | 196 |
| 2019-08-01 | $225,845 (5.8%) | $288,126 (-3.9%) | 0.00 | 197 |
| 2019-09-01 | $231,839 (16.0%) | $292,065 (-0.4%) | 0.00 | 195 |
| 2019-10-01 | $236,500 (18.6%) | $296,316 (4.9%) | 0.00 | 194 |
| 2019-11-01 | $211,500 (9.9%) | $286,619 (3.7%) | 0.00 | 187 |
| 2019-12-01 | $222,000 (21.7%) | $289,737 (4.7%) | 0.00 | 171 |
| 2020-01-01 | $226,225 (24.0%) | $286,277 (4.5%) | 0.00 | 148 |
| 2020-02-01 | $225,000 (23.3%) | $272,774 (-1.0%) | 0.00 | 141 |
| 2020-03-01 | $236,500 (23.6%) | $283,315 (1.0%) | 0.00 | 137 |
| 2020-04-01 | $235,500 (20.5%) | $284,463 (1.3%) | 0.00 | 131 |
| 2020-05-01 | $236,500 (21.3%) | $281,137 (5.3%) | 0.00 | 149 |
| 2020-06-01 | $232,000 (7.9%) | $290,200 (6.8%) | 0.00 | 147 |
| 2020-07-01 | $246,925 (7.8%) | $312,841 (9.7%) | 0.00 | 134 |
| 2020-08-01 | $249,000 (10.3%) | $339,131 (17.7%) | 0.00 | 108 |
| 2020-09-01 | $241,500 (4.2%) | $337,030 (15.4%) | 0.00 | 94 |
| 2020-10-01 | $215,000 (-9.1%) | $323,689 (9.2%) | 0.00 | 86 |
| 2020-11-01 | $219,225 (3.7%) | $322,046 (12.4%) | 0.00 | 81 |
| 2020-12-01 | $224,225 (1.0%) | $323,623 (11.7%) | 0.00 | 71 |
| 2021-01-01 | $244,900 (8.3%) | $324,436 (13.3%) | 0.00 | 54 |
| 2021-02-01 | $272,450 (21.1%) | $354,514 (30.0%) | 0.00 | 48 |
| 2021-03-01 | $280,100 (18.4%) | $368,242 (30.0%) | 0.00 | 41 |
| 2021-04-01 | $299,000 (27.0%) | $421,345 (48.1%) | 0.00 | 56 |
| 2021-05-01 | $299,000 (26.4%) | $377,554 (34.3%) | 0.00 | 59 |
| 2021-06-01 | $296,500 (27.8%) | $386,676 (33.2%) | 0.00 | 70 |
| 2021-07-01 | $295,000 (19.5%) | $372,867 (19.2%) | 0.00 | 68 |
| 2021-08-01 | $299,725 (20.4%) | $378,634 (11.7%) | 0.00 | 67 |
| 2021-09-01 | $281,975 (16.8%) | $359,984 (6.8%) | 0.00 | 67 |
| 2021-10-01 | $279,000 (29.8%) | $341,925 (5.6%) | 0.00 | 65 |
| 2021-11-01 | $277,000 (26.4%) | $401,636 (24.7%) | 0.00 | 52 |
| 2021-12-01 | $282,000 (25.8%) | $397,551 (22.8%) | 0.00 | 55 |
| 2022-01-01 | $342,000 (39.7%) | $452,597 (39.5%) | 0.00 | 44 |
| 2022-02-01 | $360,000 (32.1%) | $475,940 (34.3%) | 0.00 | 36 |
| 2022-03-01 | $335,950 (19.9%) | $465,191 (26.3%) | 0.00 | 33 |
| 2022-04-01 | $337,000 (12.7%) | $466,554 (10.7%) | 0.00 | 35 |
| 2022-05-01 | $397,500 (32.9%) | $457,415 (21.2%) | 0.00 | 51 |
| 2022-06-01 | $376,000 (26.8%) | $439,483 (13.7%) | 0.00 | 55 |
| 2022-07-01 | $289,900 (-1.7%) | $384,348 (3.1%) | 0.00 | 67 |
| 2022-08-01 | $286,675 (-4.4%) | $384,896 (1.7%) | 0.00 | 79 |
| 2022-09-01 | $288,725 (2.4%) | $389,723 (8.3%) | 0.00 | 78 |
| 2022-10-01 | $262,450 (-5.9%) | $382,374 (11.8%) | 0.00 | 81 |
| 2022-11-01 | $280,000 (1.1%) | $391,989 (-2.4%) | 0.00 | 73 |
| 2022-12-01 | $259,000 (-8.2%) | $373,986 (-5.9%) | 0.00 | 60 |
| 2023-01-01 | $236,175 (-30.9%) | $375,919 (-16.9%) | 0.00 | 47 |
| 2023-02-01 | $229,850 (-36.2%) | $375,917 (-21.0%) | 0.00 | 36 |
| 2023-03-01 | $235,950 (-29.8%) | $385,323 (-17.2%) | 0.00 | 32 |
| 2023-04-01 | $289,900 (-14.0%) | $375,418 (-19.5%) | 0.00 | 31 |
| 2023-05-01 | $287,000 (-27.8%) | $411,757 (-10.0%) | 0.00 | 40 |
| 2023-06-01 | $287,000 (-23.7%) | $401,862 (-8.6%) | 0.00 | 44 |
| 2023-07-01 | $304,500 (5.0%) | $432,436 (12.5%) | 0.00 | 45 |
| 2023-08-01 | $296,900 (3.6%) | $422,917 (9.9%) | 0.00 | 52 |
| 2023-09-01 | $298,950 (3.5%) | $401,378 (3.0%) | 0.00 | 67 |
| 2023-10-01 | $299,675 (14.2%) | $401,740 (5.1%) | 0.00 | 72 |
| 2023-11-01 | $360,000 (28.6%) | $421,564 (7.5%) | 0.00 | 75 |
| 2023-12-01 | $379,900 (46.7%) | $445,188 (19.0%) | 0.00 | 75 |
| 2024-01-01 | $384,725 (62.9%) | $436,586 (16.1%) | 0.00 | 65 |
| 2024-02-01 | $389,900 (69.6%) | $437,577 (16.4%) | 0.00 | 61 |
| 2024-03-01 | $389,900 (65.3%) | $399,974 (3.8%) | 0.00 | 74 |
| 2024-04-01 | $394,000 (35.9%) | $405,404 (8.0%) | 0.00 | 82 |
| 2024-05-01 | $377,450 (31.5%) | $413,952 (0.5%) | 0.00 | 94 |
| 2024-06-01 | $349,900 (21.9%) | $417,351 (3.9%) | 0.00 | 105 |
| 2024-07-01 | $364,700 (19.8%) | $426,736 (-1.3%) | 0.00 | 106 |
| 2024-08-01 | $368,700 (24.2%) | $431,837 (2.1%) | 0.00 | 106 |
| 2024-09-01 | $310,000 (3.7%) | $411,406 (2.5%) | 0.00 | 113 |
| 2024-10-01 | $297,475 (-0.7%) | $386,263 (-3.9%) | 0.00 | 108 |
| 2024-11-01 | $290,000 (-19.4%) | $372,550 (-11.6%) | 0.00 | 109 |
| 2024-12-01 | $267,450 (-29.6%) | $356,000 (-20.0%) | 0.00 | 90 |
| 2025-01-01 | $279,225 (-27.4%) | $361,054 (-17.3%) | 0.00 | 82 |
| 2025-02-01 | $291,225 (-25.3%) | $384,869 (-12.1%) | 0.00 | 78 |
| 2025-03-01 | $296,450 (-24.0%) | $397,422 (-0.6%) | 0.00 | 70 |
| 2025-04-01 | $328,500 (-16.6%) | $417,563 (3.0%) | 0.00 | 82 |
Ludington's median listing price comes in at 0% of the national average.
Ludington's average listing price for 2025-04-01 was $417,563, a difference of $12,159 (3.0%) versus the prior year and $20,141 versus the prior month.
For the 2025-04-01 period, Ludington had 82 MLS listings, a difference of 12 listings (17%) versus the prior month and 0 listings (0%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Ludington (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 0 days | 1,778 sqft |
| 2018-02-01 | 0 days | 1,744 sqft |
| 2018-03-01 | 0 days | 1,711 sqft |
| 2018-04-01 | 0 days | 1,656 sqft |
| 2018-05-01 | 0 days | 1,590 sqft |
| 2018-06-01 | 0 days | 1,650 sqft |
| 2018-07-01 | 0 days | 1,611 sqft |
| 2018-08-01 | 0 days | 1,611 sqft |
| 2018-09-01 | 0 days | 1,624 sqft |
| 2018-10-01 | 0 days | 1,678 sqft |
| 2018-11-01 | 0 days | 1,610 sqft |
| 2018-12-01 | 0 days | 1,648 sqft |
| 2019-01-01 | 0 days | 1,690 sqft |
| 2019-02-01 | 0 days | 1,706 sqft |
| 2019-03-01 | 0 days | 1,751 sqft |
| 2019-04-01 | 0 days | 1,759 sqft |
| 2019-05-01 | 0 days | 1,700 sqft |
| 2019-06-01 | 0 days | 1,644 sqft |
| 2019-07-01 | 0 days | 1,755 sqft |
| 2019-08-01 | 0 days | 1,764 sqft |
| 2019-09-01 | 0 days | 1,757 sqft |
| 2019-10-01 | 0 days | 1,752 sqft |
| 2019-11-01 | 0 days | 1,712 sqft |
| 2019-12-01 | 0 days | 1,703 sqft |
| 2020-01-01 | 0 days | 1,667 sqft |
| 2020-02-01 | 0 days | 1,624 sqft |
| 2020-03-01 | 0 days | 1,611 sqft |
| 2020-04-01 | 0 days | 1,540 sqft |
| 2020-05-01 | 0 days | 1,570 sqft |
| 2020-06-01 | 0 days | 1,619 sqft |
| 2020-07-01 | 0 days | 1,696 sqft |
| 2020-08-01 | 0 days | 1,700 sqft |
| 2020-09-01 | 0 days | 1,700 sqft |
| 2020-10-01 | 0 days | 1,616 sqft |
| 2020-11-01 | 0 days | 1,597 sqft |
| 2020-12-01 | 0 days | 1,489 sqft |
| 2021-01-01 | 0 days | 1,452 sqft |
| 2021-02-01 | 0 days | 1,523 sqft |
| 2021-03-01 | 0 days | 1,523 sqft |
| 2021-04-01 | 0 days | 1,523 sqft |
| 2021-05-01 | 0 days | 1,792 sqft |
| 2021-06-01 | 0 days | 1,723 sqft |
| 2021-07-01 | 0 days | 1,644 sqft |
| 2021-08-01 | 0 days | 1,583 sqft |
| 2021-09-01 | 0 days | 1,562 sqft |
| 2021-10-01 | 0 days | 1,562 sqft |
| 2021-11-01 | 0 days | 1,590 sqft |
| 2021-12-01 | 0 days | 1,561 sqft |
| 2022-01-01 | 0 days | 1,602 sqft |
| 2022-02-01 | 0 days | 1,902 sqft |
| 2022-03-01 | 0 days | 2,006 sqft |
| 2022-04-01 | 0 days | 1,995 sqft |
| 2022-05-01 | 0 days | 2,091 sqft |
| 2022-06-01 | 0 days | 2,186 sqft |
| 2022-07-01 | 0 days | 1,874 sqft |
| 2022-08-01 | 0 days | 1,781 sqft |
| 2022-09-01 | 0 days | 1,799 sqft |
| 2022-10-01 | 0 days | 1,730 sqft |
| 2022-11-01 | 0 days | 1,773 sqft |
| 2022-12-01 | 0 days | 1,624 sqft |
| 2023-01-01 | 0 days | 1,510 sqft |
| 2023-02-01 | 0 days | 1,567 sqft |
| 2023-03-01 | 0 days | 1,568 sqft |
| 2023-04-01 | 0 days | 1,600 sqft |
| 2023-05-01 | 0 days | 1,619 sqft |
| 2023-06-01 | 0 days | 1,512 sqft |
| 2023-07-01 | 0 days | 1,568 sqft |
| 2023-08-01 | 0 days | 1,557 sqft |
| 2023-09-01 | 0 days | 1,663 sqft |
| 2023-10-01 | 0 days | 1,692 sqft |
| 2023-11-01 | 0 days | 1,752 sqft |
| 2023-12-01 | 0 days | 1,780 sqft |
| 2024-01-01 | 0 days | 1,722 sqft |
| 2024-02-01 | 0 days | 1,704 sqft |
| 2024-03-01 | 0 days | 1,780 sqft |
| 2024-04-01 | 0 days | 1,780 sqft |
| 2024-05-01 | 0 days | 1,780 sqft |
| 2024-06-01 | 0 days | 1,701 sqft |
| 2024-07-01 | 0 days | 1,774 sqft |
| 2024-08-01 | 0 days | 1,754 sqft |
| 2024-09-01 | 0 days | 1,701 sqft |
| 2024-10-01 | 0 days | 1,679 sqft |
| 2024-11-01 | 0 days | 1,630 sqft |
| 2024-12-01 | 0 days | 1,616 sqft |
| 2025-01-01 | 0 days | 1,601 sqft |
| 2025-02-01 | 0 days | 1,602 sqft |
| 2025-03-01 | 0 days | 1,670 sqft |
| 2025-04-01 | 0 days | 1,654 sqft |
Ludington's median square footage for active listings during the 2025-04-01 period was 1,654 sqft. One year prior, the average listing was 1,780 sqft.