Marion USDA Loan Rates, Closing Costs & Stats

Marion, OH

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    • 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.

    Marion's 4 lenders originated 9 USDA loans during 2023. The total origination value was $1,435,000, with an average USDA loan value of $159,444.

    Marion USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Marion averaged 7.26% for the week of 2024-04-19, compared to the national average (all USDA variants) of 6.863% for the same period.

    Marion's average USDA mortgage closing costs are $4,734.

    The average rate for the prior week (2024-04-12) was 6.71% and one month ago for the week of 2024-03-15, the average rate was 6.7%.

    The average rate one year ago was 6.54%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.86%.

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

    Marion 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 Marion level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    UNION HOME MORTGAGE CORP. 4 6.97% $6,711
    CROSSCOUNTRY MORTGAGE, LLC 2 7.13% $7,247
    NEWREZ LLC 2 6.50% $4,350
    Bank of England 1 6.75% $8,271

    The top Marion USDA lender as defined by loan originations is UNION HOME MORTGAGE CORP., with 4 USDA loans originated. Their average total fees are $6,711, which is $536 lower than the next largest lender, CROSSCOUNTRY MORTGAGE, LLC.

    The lowest fee Marion USDA lenders (with over 10 loans originated) are .

    The lowest rate Marion USDA lenders (with over 10 loans originated) are .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Marion (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 $79,400 (-5.6%) $121,146 (9.0%) 0.00 135
    2018-02-01 $79,650 (-0.4%) $126,444 (11.2%) 0.00 132
    2018-03-01 $78,950 (-1.3%) $126,265 (10.1%) 0.00 128
    2018-04-01 $79,425 (-0.1%) $134,571 (22.4%) 0.00 109
    2018-05-01 $88,663 (11.9%) $132,892 (19.0%) 0.00 112
    2018-06-01 $94,500 (8.7%) $139,920 (13.6%) 0.00 129
    2018-07-01 $99,200 (12.8%) $142,133 (13.7%) 0.00 142
    2018-08-01 $91,450 (5.8%) $135,050 (6.6%) 0.00 168
    2018-09-01 $91,900 (15.0%) $129,849 (5.9%) 0.00 167
    2018-10-01 $88,675 (13.1%) $126,916 (0.9%) 0.00 159
    2018-11-01 $84,225 (10.4%) $117,602 (1.1%) 0.00 162
    2018-12-01 $74,900 (0.0%) $110,366 (-5.8%) 0.00 152
    2019-01-01 $74,900 (-5.7%) $103,412 (-14.6%) 0.00 134
    2019-02-01 $79,900 (0.3%) $106,028 (-16.2%) 0.00 117
    2019-03-01 $79,357 (0.5%) $109,586 (-13.2%) 0.00 106
    2019-04-01 $78,900 (-0.7%) $112,892 (-16.1%) 0.00 96
    2019-05-01 $91,475 (3.2%) $133,149 (0.2%) 0.00 97
    2019-06-01 $89,900 (-4.9%) $141,781 (1.3%) 0.00 112
    2019-07-01 $91,500 (-7.8%) $149,466 (5.2%) 0.00 108
    2019-08-01 $102,960 (12.6%) $152,309 (12.8%) 0.00 112
    2019-09-01 $106,920 (16.3%) $151,769 (16.9%) 0.00 120
    2019-10-01 $109,950 (24.0%) $150,691 (18.7%) 0.00 133
    2019-11-01 $109,900 (30.5%) $149,253 (26.9%) 0.00 137
    2019-12-01 $94,688 (26.4%) $145,689 (32.0%) 0.00 128
    2020-01-01 $89,900 (20.0%) $144,638 (39.9%) 0.00 102
    2020-02-01 $89,500 (12.0%) $135,351 (27.7%) 0.00 93
    2020-03-01 $84,125 (6.0%) $136,360 (24.4%) 0.00 78
    2020-04-01 $87,800 (11.3%) $137,728 (22.0%) 0.00 75
    2020-05-01 $87,900 (-3.9%) $149,850 (12.5%) 0.00 79
    2020-06-01 $89,600 (-0.3%) $136,246 (-3.9%) 0.00 64
    2020-07-01 $96,400 (5.4%) $153,670 (2.8%) 0.00 59
    2020-08-01 $114,950 (11.7%) $169,189 (11.1%) 0.00 56
    2020-09-01 $135,400 (26.6%) $180,316 (18.8%) 0.00 54
    2020-10-01 $119,900 (9.1%) $164,500 (9.2%) 0.00 66
    2020-11-01 $138,950 (26.4%) $176,200 (18.1%) 0.00 67
    2020-12-01 $129,200 (36.5%) $165,546 (13.6%) 0.00 56
    2021-01-01 $137,200 (52.6%) $176,741 (22.2%) 0.00 41
    2021-02-01 $105,375 (17.7%) $166,234 (22.8%) 0.00 30
    2021-03-01 $93,700 (11.4%) $159,505 (17.0%) 0.00 30
    2021-04-01 $167,200 (90.4%) $177,704 (29.0%) 0.00 41
    2021-05-01 $194,900 (121.7%) $180,897 (20.7%) 0.00 52
    2021-06-01 $149,450 (66.8%) $175,008 (28.5%) 0.00 52
    2021-07-01 $129,900 (34.8%) $163,493 (6.4%) 0.00 71
    2021-08-01 $130,325 (13.4%) $172,965 (2.2%) 0.00 82
    2021-09-01 $121,800 (-10.0%) $163,744 (-9.2%) 0.00 75
    2021-10-01 $114,900 (-4.2%) $151,246 (-8.1%) 0.00 78
    2021-11-01 $124,250 (-10.6%) $145,283 (-17.6%) 0.00 78
    2021-12-01 $119,225 (-7.7%) $141,677 (-14.4%) 0.00 70
    2022-01-01 $119,900 (-12.6%) $139,405 (-21.1%) 0.00 56
    2022-02-01 $129,250 (22.7%) $165,545 (-0.4%) 0.00 33
    2022-03-01 $135,700 (44.8%) $177,307 (11.2%) 0.00 26
    2022-04-01 $143,500 (-14.2%) $172,176 (-3.1%) 0.00 31
    2022-05-01 $103,092 (-47.1%) $147,397 (-18.5%) 0.00 59
    2022-06-01 $111,725 (-25.2%) $159,448 (-8.9%) 0.00 74
    2022-07-01 $138,900 (6.9%) $173,428 (6.1%) 0.00 75
    2022-08-01 $154,975 (18.9%) $197,608 (14.3%) 0.00 87
    2022-09-01 $148,900 (22.3%) $182,386 (11.4%) 0.00 99
    2022-10-01 $145,000 (26.2%) $172,198 (13.9%) 0.00 110
    2022-11-01 $146,075 (17.6%) $173,785 (19.6%) 0.00 96
    2022-12-01 $139,900 (17.3%) $169,973 (20.0%) 0.00 87
    2023-01-01 $134,900 (12.5%) $166,484 (19.4%) 0.00 70
    2023-02-01 $126,225 (-2.3%) $165,978 (0.3%) 0.00 60
    2023-03-01 $127,450 (-6.1%) $176,856 (-0.3%) 0.00 54
    2023-04-01 $138,200 (-3.7%) $174,060 (1.1%) 0.00 46
    2023-05-01 $131,700 (27.8%) $162,671 (10.4%) 0.00 40
    2023-06-01 $139,950 (25.3%) $205,864 (29.1%) 0.00 48
    2023-07-01 $164,900 (18.7%) $228,475 (31.7%) 0.00 52
    2023-08-01 $195,175 (25.9%) $239,114 (21.0%) 0.00 69
    2023-09-01 $185,000 (24.2%) $229,162 (25.7%) 0.00 77
    2023-10-01 $177,500 (22.4%) $209,160 (21.5%) 0.00 82
    2023-11-01 $161,225 (10.4%) $207,077 (19.2%) 0.00 96
    2023-12-01 $171,944 (22.9%) $205,346 (20.8%) 0.00 98
    2024-01-01 $174,947 (29.7%) $202,860 (21.9%) 0.00 87
    2024-02-01 $191,225 (51.5%) $221,336 (33.4%) 0.00 77
    2024-03-01 $216,950 (70.2%) $248,955 (40.8%) 0.00 52
    Marion's median listing price for 2024-03-01 was $216,950, a difference of $89,500 (70.2%) versus the prior year and $25,725 versus the prior month.

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

    Marion's average listing price for 2024-03-01 was $248,955, a difference of $72,099 (40.8%) versus the prior year and $27,619 versus the prior month.

    For the 2024-03-01 period, Marion had 52 MLS listings, a difference of -25 listings (-32%) versus the prior month and -2 listings (-4%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Marion (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,506 sqft
    2018-02-01 0 days 1,509 sqft
    2018-03-01 0 days 1,513 sqft
    2018-04-01 0 days 1,582 sqft
    2018-05-01 0 days 1,483 sqft
    2018-06-01 0 days 1,484 sqft
    2018-07-01 0 days 1,478 sqft
    2018-08-01 0 days 1,474 sqft
    2018-09-01 0 days 1,481 sqft
    2018-10-01 0 days 1,474 sqft
    2018-11-01 0 days 1,464 sqft
    2018-12-01 0 days 1,422 sqft
    2019-01-01 0 days 1,338 sqft
    2019-02-01 0 days 1,344 sqft
    2019-03-01 0 days 1,337 sqft
    2019-04-01 0 days 1,329 sqft
    2019-05-01 0 days 1,450 sqft
    2019-06-01 0 days 1,442 sqft
    2019-07-01 0 days 1,444 sqft
    2019-08-01 0 days 1,461 sqft
    2019-09-01 0 days 1,488 sqft
    2019-10-01 0 days 1,506 sqft
    2019-11-01 0 days 1,509 sqft
    2019-12-01 0 days 1,542 sqft
    2020-01-01 0 days 1,487 sqft
    2020-02-01 0 days 1,399 sqft
    2020-03-01 0 days 1,429 sqft
    2020-04-01 0 days 1,398 sqft
    2020-05-01 0 days 1,398 sqft
    2020-06-01 0 days 1,448 sqft
    2020-07-01 0 days 1,496 sqft
    2020-08-01 0 days 1,466 sqft
    2020-09-01 0 days 1,564 sqft
    2020-10-01 0 days 1,599 sqft
    2020-11-01 0 days 1,666 sqft
    2020-12-01 0 days 1,475 sqft
    2021-01-01 0 days 1,461 sqft
    2021-02-01 0 days 1,533 sqft
    2021-03-01 0 days 1,493 sqft
    2021-04-01 0 days 1,543 sqft
    2021-05-01 0 days 1,586 sqft
    2021-06-01 0 days 1,549 sqft
    2021-07-01 0 days 1,476 sqft
    2021-08-01 0 days 1,475 sqft
    2021-09-01 0 days 1,446 sqft
    2021-10-01 0 days 1,474 sqft
    2021-11-01 0 days 1,396 sqft
    2021-12-01 0 days 1,321 sqft
    2022-01-01 0 days 1,324 sqft
    2022-02-01 0 days 1,440 sqft
    2022-03-01 0 days 1,393 sqft
    2022-04-01 0 days 1,459 sqft
    2022-05-01 0 days 1,379 sqft
    2022-06-01 0 days 1,520 sqft
    2022-07-01 0 days 1,500 sqft
    2022-08-01 0 days 1,505 sqft
    2022-09-01 0 days 1,484 sqft
    2022-10-01 0 days 1,456 sqft
    2022-11-01 0 days 1,426 sqft
    2022-12-01 0 days 1,476 sqft
    2023-01-01 0 days 1,497 sqft
    2023-02-01 0 days 1,507 sqft
    2023-03-01 0 days 1,536 sqft
    2023-04-01 0 days 1,526 sqft
    2023-05-01 0 days 1,480 sqft
    2023-06-01 0 days 1,576 sqft
    2023-07-01 0 days 1,592 sqft
    2023-08-01 0 days 1,584 sqft
    2023-09-01 0 days 1,560 sqft
    2023-10-01 0 days 1,502 sqft
    2023-11-01 0 days 1,430 sqft
    2023-12-01 0 days 1,446 sqft
    2024-01-01 0 days 1,460 sqft
    2024-02-01 0 days 1,552 sqft
    2024-03-01 0 days 1,614 sqft
    Marion's median listing age (time on market) for 2024-03-01 was 0 days.

    Marion's median square footage for active listings during the 2024-03-01 period was 1,614 sqft. One year prior, the average listing was 1,536 sqft.