Mansfield USDA Loan Rates, Closing Costs & Stats
MANSFIELD, OH
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.
Mansfield's 6 lenders originated 15 USDA loans during 2023. The total origination value was $2,285,000, with an average USDA loan value of $152,333.
Mansfield USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Mansfield
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.
Mansfield's average USDA mortgage closing costs are $4,730.
The average rate for the prior week (2024-04-12) was
6.82% and
one month ago for the week of 2024-03-15, the
average rate was 6.91%.
The average rate one year ago was 6.64%.
For refis of the same type during the week of 2024-04-19, the average rate
was 7.21%.
Mansfield 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 Mansfield level.
| Name | # of Loans | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
|---|---|---|---|
| CROSSCOUNTRY MORTGAGE, LLC | 6 | 7.02% | $5,508 |
| UNION HOME MORTGAGE CORP. | 4 | 6.81% | $7,330 |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | 2 | 7.00% | $6,514 |
| NEWREZ LLC | 1 | 7.25% | $5,966 |
| The Park National Bank | 1 | 5.88% | $5,779 |
| Wells Fargo Bank | 1 | 7.00% | $4,329 |
The top Mansfield USDA lender as defined by loan originations is CROSSCOUNTRY MORTGAGE, LLC, with
6 USDA loans originated. Their average total fees are
$5,508, which is $1,822
lower than the next largest lender,
UNION HOME MORTGAGE CORP..
The lowest fee Mansfield USDA lenders (with over 10 loans originated) are
.
The lowest rate Mansfield USDA lenders (with over 10 loans originated) are
.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Mansfield (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 | $96,975 (14.5%) | $139,725 (18.6%) | 0.00 | 260 |
| 2018-02-01 | $95,400 (8.0%) | $137,484 (9.1%) | 0.00 | 258 |
| 2018-03-01 | $99,450 (6.5%) | $136,017 (5.9%) | 0.00 | 215 |
| 2018-04-01 | $103,538 (9.1%) | $147,323 (13.3%) | 0.00 | 207 |
| 2018-05-01 | $124,925 (25.6%) | $165,070 (18.3%) | 0.00 | 233 |
| 2018-06-01 | $124,900 (25.0%) | $160,652 (10.1%) | 0.00 | 257 |
| 2018-07-01 | $114,950 (13.4%) | $165,912 (14.9%) | 0.00 | 266 |
| 2018-08-01 | $119,900 (16.8%) | $167,061 (16.4%) | 0.00 | 292 |
| 2018-09-01 | $119,900 (9.0%) | $166,153 (12.0%) | 0.00 | 283 |
| 2018-10-01 | $124,950 (15.6%) | $167,496 (17.5%) | 0.00 | 317 |
| 2018-11-01 | $116,550 (14.4%) | $160,940 (13.3%) | 0.00 | 304 |
| 2018-12-01 | $110,000 (11.4%) | $155,585 (11.6%) | 0.00 | 275 |
| 2019-01-01 | $109,900 (13.3%) | $155,852 (11.5%) | 0.00 | 232 |
| 2019-02-01 | $107,450 (12.6%) | $157,379 (14.5%) | 0.00 | 202 |
| 2019-03-01 | $109,900 (10.5%) | $162,323 (19.3%) | 0.00 | 190 |
| 2019-04-01 | $107,310 (3.6%) | $164,063 (11.4%) | 0.00 | 192 |
| 2019-05-01 | $114,925 (-8.0%) | $165,124 (0.0%) | 0.00 | 203 |
| 2019-06-01 | $121,750 (-2.5%) | $168,246 (4.7%) | 0.00 | 216 |
| 2019-07-01 | $126,000 (9.6%) | $172,809 (4.2%) | 0.00 | 238 |
| 2019-08-01 | $127,173 (6.1%) | $172,890 (3.5%) | 0.00 | 257 |
| 2019-09-01 | $123,082 (2.7%) | $168,172 (1.2%) | 0.00 | 255 |
| 2019-10-01 | $124,405 (-0.4%) | $165,315 (-1.3%) | 0.00 | 251 |
| 2019-11-01 | $122,500 (5.1%) | $163,226 (1.4%) | 0.00 | 223 |
| 2019-12-01 | $119,500 (8.6%) | $159,420 (2.5%) | 0.00 | 197 |
| 2020-01-01 | $109,900 (0.0%) | $154,501 (-0.9%) | 0.00 | 172 |
| 2020-02-01 | $104,950 (-2.3%) | $164,162 (4.3%) | 0.00 | 148 |
| 2020-03-01 | $102,450 (-6.8%) | $166,715 (2.7%) | 0.00 | 144 |
| 2020-04-01 | $109,850 (2.4%) | $178,233 (8.6%) | 0.00 | 134 |
| 2020-05-01 | $127,400 (10.9%) | $182,627 (10.6%) | 0.00 | 134 |
| 2020-06-01 | $153,075 (25.7%) | $214,307 (27.4%) | 0.00 | 126 |
| 2020-07-01 | $149,600 (18.7%) | $223,579 (29.4%) | 0.00 | 111 |
| 2020-08-01 | $140,000 (10.1%) | $223,058 (29.0%) | 0.00 | 100 |
| 2020-09-01 | $114,900 (-6.7%) | $186,978 (11.2%) | 0.00 | 129 |
| 2020-10-01 | $99,400 (-20.1%) | $152,973 (-7.5%) | 0.00 | 163 |
| 2020-11-01 | $99,150 (-19.1%) | $147,235 (-9.8%) | 0.00 | 162 |
| 2020-12-01 | $89,925 (-24.8%) | $135,570 (-15.0%) | 0.00 | 147 |
| 2021-01-01 | $122,000 (11.0%) | $160,142 (3.7%) | 0.00 | 107 |
| 2021-02-01 | $106,425 (1.4%) | $145,751 (-11.2%) | 0.00 | 88 |
| 2021-03-01 | $114,675 (11.9%) | $151,062 (-9.4%) | 0.00 | 84 |
| 2021-04-01 | $139,900 (27.4%) | $187,800 (5.4%) | 0.00 | 71 |
| 2021-05-01 | $149,900 (17.7%) | $200,331 (9.7%) | 0.00 | 78 |
| 2021-06-01 | $149,450 (-2.4%) | $198,398 (-7.4%) | 0.00 | 99 |
| 2021-07-01 | $159,000 (6.3%) | $205,586 (-8.1%) | 0.00 | 117 |
| 2021-08-01 | $146,600 (4.7%) | $223,912 (0.4%) | 0.00 | 129 |
| 2021-09-01 | $148,675 (29.4%) | $224,448 (20.0%) | 0.00 | 132 |
| 2021-10-01 | $142,450 (43.3%) | $208,208 (36.1%) | 0.00 | 141 |
| 2021-11-01 | $110,000 (10.9%) | $165,935 (12.7%) | 0.00 | 225 |
| 2021-12-01 | $110,000 (22.3%) | $160,119 (18.1%) | 0.00 | 203 |
| 2022-01-01 | $110,000 (-9.8%) | $161,559 (0.9%) | 0.00 | 174 |
| 2022-02-01 | $110,000 (3.4%) | $162,931 (11.8%) | 0.00 | 163 |
| 2022-03-01 | $112,500 (-1.9%) | $191,050 (26.5%) | 0.00 | 74 |
| 2022-04-01 | $134,900 (-3.6%) | $243,629 (29.7%) | 0.00 | 90 |
| 2022-05-01 | $154,950 (3.4%) | $238,063 (18.8%) | 0.00 | 98 |
| 2022-06-01 | $146,667 (-1.9%) | $214,486 (8.1%) | 0.00 | 115 |
| 2022-07-01 | $194,400 (22.3%) | $236,013 (14.8%) | 0.00 | 147 |
| 2022-08-01 | $189,450 (29.2%) | $241,382 (7.8%) | 0.00 | 141 |
| 2022-09-01 | $162,450 (9.3%) | $213,788 (-4.8%) | 0.00 | 167 |
| 2022-10-01 | $148,700 (4.4%) | $190,369 (-8.6%) | 0.00 | 174 |
| 2022-11-01 | $143,400 (30.4%) | $195,396 (17.8%) | 0.00 | 182 |
| 2022-12-01 | $134,950 (22.7%) | $197,775 (23.5%) | 0.00 | 146 |
| 2023-01-01 | $151,800 (38.0%) | $230,838 (42.9%) | 0.00 | 98 |
| 2023-02-01 | $149,900 (36.3%) | $226,935 (39.3%) | 0.00 | 84 |
| 2023-03-01 | $159,900 (42.1%) | $231,436 (21.1%) | 0.00 | 70 |
| 2023-04-01 | $172,450 (27.8%) | $296,305 (21.6%) | 0.00 | 58 |
| 2023-05-01 | $171,150 (10.5%) | $236,351 (-0.7%) | 0.00 | 79 |
| 2023-06-01 | $167,500 (14.2%) | $231,355 (7.9%) | 0.00 | 119 |
| 2023-07-01 | $153,950 (-20.8%) | $228,717 (-3.1%) | 0.00 | 135 |
| 2023-08-01 | $159,675 (-15.7%) | $243,609 (0.9%) | 0.00 | 140 |
| 2023-09-01 | $165,000 (1.6%) | $234,920 (9.9%) | 0.00 | 163 |
| 2023-10-01 | $179,900 (21.0%) | $263,918 (38.6%) | 0.00 | 141 |
| 2023-11-01 | $191,125 (33.3%) | $283,002 (44.8%) | 0.00 | 126 |
| 2023-12-01 | $199,900 (48.1%) | $272,052 (37.6%) | 0.00 | 125 |
| 2024-01-01 | $187,000 (23.2%) | $259,037 (12.2%) | 0.00 | 116 |
| 2024-02-01 | $224,975 (50.1%) | $290,694 (28.1%) | 0.00 | 104 |
| 2024-03-01 | $220,000 (37.6%) | $295,674 (27.8%) | 0.00 | 86 |
Mansfield's median listing price comes in at 0% of the national average.
Mansfield's average listing price for 2024-03-01 was $295,674, a difference of $64,238 (27.8%) versus the prior year and $4,980 versus the prior month.
For the 2024-03-01 period, Mansfield had 86 MLS listings, a difference of -18 listings (-17%) versus the prior month and 16 listings (23%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Mansfield (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 0 days | 1,455 sqft |
| 2018-02-01 | 0 days | 1,457 sqft |
| 2018-03-01 | 0 days | 1,468 sqft |
| 2018-04-01 | 0 days | 1,489 sqft |
| 2018-05-01 | 0 days | 1,540 sqft |
| 2018-06-01 | 0 days | 1,504 sqft |
| 2018-07-01 | 0 days | 1,505 sqft |
| 2018-08-01 | 0 days | 1,523 sqft |
| 2018-09-01 | 0 days | 1,609 sqft |
| 2018-10-01 | 0 days | 1,608 sqft |
| 2018-11-01 | 0 days | 1,547 sqft |
| 2018-12-01 | 0 days | 1,543 sqft |
| 2019-01-01 | 0 days | 1,519 sqft |
| 2019-02-01 | 0 days | 1,488 sqft |
| 2019-03-01 | 0 days | 1,504 sqft |
| 2019-04-01 | 0 days | 1,442 sqft |
| 2019-05-01 | 0 days | 1,456 sqft |
| 2019-06-01 | 0 days | 1,538 sqft |
| 2019-07-01 | 0 days | 1,574 sqft |
| 2019-08-01 | 0 days | 1,605 sqft |
| 2019-09-01 | 0 days | 1,585 sqft |
| 2019-10-01 | 0 days | 1,576 sqft |
| 2019-11-01 | 0 days | 1,538 sqft |
| 2019-12-01 | 0 days | 1,497 sqft |
| 2020-01-01 | 0 days | 1,487 sqft |
| 2020-02-01 | 0 days | 1,468 sqft |
| 2020-03-01 | 0 days | 1,421 sqft |
| 2020-04-01 | 0 days | 1,486 sqft |
| 2020-05-01 | 0 days | 1,525 sqft |
| 2020-06-01 | 0 days | 1,629 sqft |
| 2020-07-01 | 0 days | 1,703 sqft |
| 2020-08-01 | 0 days | 1,512 sqft |
| 2020-09-01 | 0 days | 1,460 sqft |
| 2020-10-01 | 0 days | 1,396 sqft |
| 2020-11-01 | 0 days | 1,472 sqft |
| 2020-12-01 | 0 days | 1,441 sqft |
| 2021-01-01 | 0 days | 1,396 sqft |
| 2021-02-01 | 0 days | 1,329 sqft |
| 2021-03-01 | 0 days | 1,328 sqft |
| 2021-04-01 | 0 days | 1,440 sqft |
| 2021-05-01 | 0 days | 1,463 sqft |
| 2021-06-01 | 0 days | 1,528 sqft |
| 2021-07-01 | 0 days | 1,452 sqft |
| 2021-08-01 | 0 days | 1,582 sqft |
| 2021-09-01 | 0 days | 1,536 sqft |
| 2021-10-01 | 0 days | 1,491 sqft |
| 2021-11-01 | 0 days | 1,411 sqft |
| 2021-12-01 | 0 days | 1,426 sqft |
| 2022-01-01 | 0 days | 1,385 sqft |
| 2022-02-01 | 0 days | 1,394 sqft |
| 2022-03-01 | 0 days | 1,437 sqft |
| 2022-04-01 | 0 days | 1,546 sqft |
| 2022-05-01 | 0 days | 1,586 sqft |
| 2022-06-01 | 0 days | 1,580 sqft |
| 2022-07-01 | 0 days | 1,687 sqft |
| 2022-08-01 | 0 days | 1,586 sqft |
| 2022-09-01 | 0 days | 1,532 sqft |
| 2022-10-01 | 0 days | 1,481 sqft |
| 2022-11-01 | 0 days | 1,460 sqft |
| 2022-12-01 | 0 days | 1,490 sqft |
| 2023-01-01 | 0 days | 1,538 sqft |
| 2023-02-01 | 0 days | 1,458 sqft |
| 2023-03-01 | 0 days | 1,441 sqft |
| 2023-04-01 | 0 days | 1,449 sqft |
| 2023-05-01 | 0 days | 1,494 sqft |
| 2023-06-01 | 0 days | 1,462 sqft |
| 2023-07-01 | 0 days | 1,533 sqft |
| 2023-08-01 | 0 days | 1,483 sqft |
| 2023-09-01 | 0 days | 1,478 sqft |
| 2023-10-01 | 0 days | 1,538 sqft |
| 2023-11-01 | 0 days | 1,504 sqft |
| 2023-12-01 | 0 days | 1,577 sqft |
| 2024-01-01 | 0 days | 1,533 sqft |
| 2024-02-01 | 0 days | 1,557 sqft |
| 2024-03-01 | 0 days | 1,547 sqft |
Mansfield's median square footage for active listings during the 2024-03-01 period was 1,547 sqft. One year prior, the average listing was 1,441 sqft.