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 6.86% for the week of 2024-05-17, compared to the national average (all USDA variants) of 6.75% for the same period.

Mansfield's average USDA mortgage closing costs are $4,730.

The average rate for the prior week (2024-05-10) was 7% and one month ago for the week of 2024-04-12, the average rate was 6.92%.

The average rate one year ago was 6.6%.

For refis of the same type during the week of 2024-05-17, the average rate was 7.2%.

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/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
2024-04-01 $218,650 (26.8%) $284,699 (-3.9%) 0.00 107
Mansfield's median listing price for 2024-04-01 was $218,650, a difference of $46,200 (26.8%) versus the prior year and $-1,350 versus the prior month.

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

Mansfield's average listing price for 2024-04-01 was $284,699, a difference of $-11,606 (-3.9%) versus the prior year and $-10,975 versus the prior month.

For the 2024-04-01 period, Mansfield had 107 MLS listings, a difference of 21 listings (24%) versus the prior month and 49 listings (84%) 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
2024-04-01 0 days 1,529 sqft
Mansfield's median listing age (time on market) for 2024-04-01 was 0 days.

Mansfield's median square footage for active listings during the 2024-04-01 period was 1,529 sqft. One year prior, the average listing was 1,449 sqft.