Mansfield USDA Loans

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 14 lenders originated 69 USDA loans during 2021. The total origination value was $8,625,000, with an average USDA loan value of $125,000.

Mansfield USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Mansfield averaged 5.37% for the week of 2022-05-13, compared to the national average (all USDA variants) of 5.294% for the same period.

The average rate for the prior week (2022-05-06) was 5.41% and one month ago for the week of 2022-04-08, the average rate was 5.17%.

The average rate one year ago was 3.08%.

For refis of the same type during the week of 2022-05-13, the average rate was 5.06%.

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

Mansfield USDA Loan Lenders by Rates & Fees

The below table looks at the average fees and rates for USDA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Mansfield level.

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
CROSSCOUNTRY MORTGAGE, LLC 23 2.92% $4,646
UNION HOME MORTGAGE CORP. 14 3.10% $5,401
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 12 3.31% $4,618
LENDUS, LLC 6 3.23% $4,650
Gateway First Bank 3 3.42% $2,350
LOANDEPOT.COM, LLC 2 3.31% $5,666
Carrington Mortgage Services, LLC 2 2.69% $3,514
U.S. Bank 1 4.00% $3,736
CALIBER HOME LOANS, INC. 1 3.50% $3,691
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 1 3.50% $9,212
GUARANTEED RATE AFFINITY, LLC 1 2.88% $6,814
SOUTHPOINT FINANCIAL SERVICES, INC. 1 2.25% $7,889
The Park National Bank 1 3.63% $4,215
Bank of England 1 2.88% $6,075

The top Mansfield USDA lender as defined by loan originations is CROSSCOUNTRY MORTGAGE, LLC, with 23 USDA loans originated. Their average total fees are $4,646, which is $755 lower than the next largest lender, UNION HOME MORTGAGE CORP..

The lowest fee Mansfield USDA lenders (with over 10 loans originated) are FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($4,618), CROSSCOUNTRY MORTGAGE, LLC ($4,646), UNION HOME MORTGAGE CORP. ($5,401), .

The lowest rate Mansfield USDA lenders (with over 10 loans originated) are CROSSCOUNTRY MORTGAGE, LLC (2.92%), UNION HOME MORTGAGE CORP. (3.10%), FAIRWAY INDEPENDENT MORTGAGE CORPORATION (3.31%), .


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 $109,000 (25.7%) $147,148 (16.2%) 0.00 304
2018-02-01 $104,950 (19.0%) $144,003 (6.8%) 0.00 299
2018-03-01 $109,900 (14.0%) $142,804 (2.8%) 0.00 254
2018-04-01 $117,300 (23.6%) $154,721 (13.6%) 0.00 242
2018-05-01 $128,900 (29.0%) $173,980 (19.3%) 0.00 260
2018-06-01 $129,900 (30.0%) $167,532 (11.0%) 0.00 286
2018-07-01 $121,950 (19.6%) $177,496 (19.5%) 0.00 294
2018-08-01 $125,950 (16.1%) $177,991 (18.9%) 0.00 317
2018-09-01 $119,900 (4.4%) $173,317 (13.5%) 0.00 312
2018-10-01 $124,950 (11.2%) $175,177 (15.3%) 0.00 346
2018-11-01 $117,900 (7.3%) $170,248 (11.6%) 0.00 326
2018-12-01 $115,000 (5.5%) $162,835 (10.1%) 0.00 298
2019-01-01 $112,450 (3.2%) $163,933 (11.4%) 0.00 255
2019-02-01 $112,450 (7.2%) $168,612 (17.1%) 0.00 236
2019-03-01 $115,000 (4.6%) $179,883 (26.0%) 0.00 219
2019-04-01 $114,750 (-2.2%) $185,358 (19.8%) 0.00 221
2019-05-01 $125,700 (-2.5%) $189,804 (9.1%) 0.00 241
2019-06-01 $129,900 (0.0%) $194,421 (16.1%) 0.00 241
2019-07-01 $132,450 (8.6%) $200,955 (13.2%) 0.00 273
2019-08-01 $132,814 (5.5%) $195,748 (10.0%) 0.00 294
2019-09-01 $129,900 (8.3%) $185,524 (7.0%) 0.00 284
2019-10-01 $131,000 (4.8%) $187,976 (7.3%) 0.00 280
2019-11-01 $128,000 (8.6%) $185,513 (9.0%) 0.00 256
2019-12-01 $119,700 (4.1%) $185,213 (13.7%) 0.00 232
2020-01-01 $110,450 (-1.8%) $180,265 (10.0%) 0.00 208
2020-02-01 $109,900 (-2.3%) $199,587 (18.4%) 0.00 175
2020-03-01 $103,500 (-10.0%) $202,299 (12.5%) 0.00 178
2020-04-01 $117,450 (2.4%) $219,979 (18.7%) 0.00 157
2020-05-01 $132,500 (5.4%) $226,536 (19.4%) 0.00 166
2020-06-01 $162,400 (25.0%) $246,898 (27.0%) 0.00 136
2020-07-01 $154,950 (17.0%) $263,596 (31.2%) 0.00 118
2020-08-01 $149,900 (12.9%) $268,717 (37.3%) 0.00 118
2020-09-01 $119,950 (-7.7%) $207,877 (12.1%) 0.00 138
2020-10-01 $99,900 (-23.7%) $180,215 (-4.1%) 0.00 170
2020-11-01 $104,950 (-18.0%) $161,651 (-12.9%) 0.00 171
2020-12-01 $87,200 (-27.2%) $141,556 (-23.6%) 0.00 153
2021-01-01 $129,900 (17.6%) $174,967 (-2.9%) 0.00 118
2021-02-01 $110,950 (1.0%) $160,247 (-19.7%) 0.00 98
2021-03-01 $119,500 (15.5%) $165,384 (-18.3%) 0.00 90
2021-04-01 $142,400 (21.2%) $196,297 (-10.8%) 0.00 78
2021-05-01 $169,900 (28.2%) $219,728 (-3.0%) 0.00 90
2021-06-01 $149,900 (-7.7%) $222,309 (-10.0%) 0.00 115
2021-07-01 $159,450 (2.9%) $212,331 (-19.5%) 0.00 139
2021-08-01 $147,700 (-1.5%) $236,459 (-12.0%) 0.00 149
2021-09-01 $149,900 (25.0%) $245,901 (18.3%) 0.00 150
2021-10-01 $149,900 (50.1%) $230,450 (27.9%) 0.00 155
2021-11-01 $110,000 (4.8%) $156,010 (-3.5%) 0.00 398
2021-12-01 $110,000 (26.2%) $156,183 (10.3%) 0.00 355
2022-01-01 $110,000 (-15.3%) $157,247 (-10.1%) 0.00 337
2022-02-01 $110,000 (-0.9%) $156,063 (-2.6%) 0.00 324
2022-03-01 $126,000 (5.4%) $205,866 (24.5%) 0.00 90
2022-04-01 $135,000 (-5.2%) $278,775 (42.0%) 0.00 107
Mansfield's median listing price for 2022-04-01 was $135,000, a difference of $-7,400 (-5.2%) versus the prior year and $9,000 versus the prior month.

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

Mansfield's average listing price for 2022-04-01 was $278,775, a difference of $82,478 (42.0%) versus the prior year and $72,909 versus the prior month.

For the 2022-04-01 period, Mansfield had 107 MLS listings, a difference of 17 listings (19%) versus the prior month and 29 listings (37%) 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 1,497 sqft
2018-02-01 0 days 1,475 sqft
2018-03-01 0 days 1,494 sqft
2018-04-01 0 days 1,506 sqft
2018-05-01 0 days 1,564 sqft
2018-06-01 0 days 1,563 sqft
2018-07-01 0 days 1,512 sqft
2018-08-01 0 days 1,546 sqft
2018-09-01 0 days 1,608 sqft
2018-10-01 0 days 1,596 sqft
2018-11-01 0 days 1,522 sqft
2018-12-01 0 days 1,523 sqft
2019-01-01 0 days 1,530 sqft
2019-02-01 0 days 1,514 sqft
2019-03-01 0 days 1,507 sqft
2019-04-01 0 days 1,456 sqft
2019-05-01 0 days 1,448 sqft
2019-06-01 0 days 1,552 sqft
2019-07-01 0 days 1,621 sqft
2019-08-01 0 days 1,629 sqft
2019-09-01 0 days 1,612 sqft
2019-10-01 0 days 1,610 sqft
2019-11-01 0 days 1,546 sqft
2019-12-01 0 days 1,532 sqft
2020-01-01 0 days 1,515 sqft
2020-02-01 0 days 1,491 sqft
2020-03-01 0 days 1,456 sqft
2020-04-01 0 days 1,530 sqft
2020-05-01 0 days 1,535 sqft
2020-06-01 0 days 1,702 sqft
2020-07-01 0 days 1,815 sqft
2020-08-01 0 days 1,702 sqft
2020-09-01 0 days 1,526 sqft
2020-10-01 0 days 1,445 sqft
2020-11-01 0 days 1,482 sqft
2020-12-01 0 days 1,444 sqft
2021-01-01 0 days 1,445 sqft
2021-02-01 0 days 1,350 sqft
2021-03-01 0 days 1,344 sqft
2021-04-01 0 days 1,455 sqft
2021-05-01 0 days 1,596 sqft
2021-06-01 0 days 1,532 sqft
2021-07-01 0 days 1,553 sqft
2021-08-01 0 days 1,575 sqft
2021-09-01 0 days 1,560 sqft
2021-10-01 0 days 1,546 sqft
2021-11-01 0 days 1,385 sqft
2021-12-01 0 days 1,381 sqft
2022-01-01 0 days 1,376 sqft
2022-02-01 0 days 1,382 sqft
2022-03-01 0 days 1,428 sqft
2022-04-01 0 days 1,495 sqft
Mansfield's median listing age (time on market) for 2022-04-01 was 0 days.

Mansfield's median square footage for active listings during the 2022-04-01 period was 1,495 sqft. One year prior, the average listing was 1,455 sqft.