Mount Pleasant USDA Loan Rates, Closing Costs & Stats
Mount Pleasant, 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.
Mount Pleasant's 9 lenders originated 10 USDA loans during 2023. The total origination value was $1,620,000, with an average USDA loan value of $162,000.
Mount Pleasant USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Mount Pleasant
averaged
6.82%
for the week of 2024-12-13, compared to the national average (all USDA variants) of
6.303% for the same period.
Mount Pleasant's average USDA mortgage closing costs are $4,497.
The average rate for the prior week (2024-12-06) was
6.86% and
one month ago for the week of 2024-11-08, the
average rate was 6.68%.
The average rate one year ago was 7.44%.
For refis of the same type during the week of 2024-12-13, the average rate
was 6.4%.
Mount Pleasant 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 Mount Pleasant level.
Name | # of Loans | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
---|---|---|---|
Isabella Bank | 2 | 7.38% | $4,283 |
AMERICAN FINANCIAL RESOURCES, INC. | 1 | 7.25% | $7,811 |
BLG HOLDINGS, INC. | 1 | 7.13% | $8,718 |
LAKE MICHIGAN CREDIT UNION | 1 | 7.13% | $6,603 |
NEWREZ LLC | 1 | 7.25% | $5,398 |
RUOFF MORTGAGE COMPANY, INC. | 1 | 6.00% | $1,111 |
The Huntington National Bank | 1 | 6.75% | $4,666 |
ACADEMY MORTGAGE CORPORATION | 1 | 6.25% | $9,281 |
UNION HOME MORTGAGE CORP. | 1 | 6.50% | $8,126 |
The top Mount Pleasant USDA lender as defined by loan originations is Isabella Bank, with
2 USDA loans originated. Their average total fees are
$4,283, which is $3,528
lower than the next largest lender,
AMERICAN FINANCIAL RESOURCES, INC..
The lowest fee Mount Pleasant USDA lenders (with over 10 loans originated) are
.
The lowest rate Mount Pleasant USDA lenders (with over 10 loans originated) are
.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Mount Pleasant (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $145,000 (5.4%) | $176,601 (7.4%) | 0.00 | 271 |
2018-02-01 | $144,950 (1.8%) | $175,819 (5.6%) | 0.00 | 263 |
2018-03-01 | $149,000 (2.8%) | $179,016 (7.0%) | 0.00 | 271 |
2018-04-01 | $149,900 (0.0%) | $185,458 (7.2%) | 0.00 | 283 |
2018-05-01 | $152,450 (4.5%) | $187,505 (8.2%) | 0.00 | 291 |
2018-06-01 | $149,900 (3.1%) | $182,404 (4.5%) | 0.00 | 323 |
2018-07-01 | $150,000 (0.1%) | $183,042 (4.6%) | 0.00 | 339 |
2018-08-01 | $149,950 (0.1%) | $180,887 (1.9%) | 0.00 | 335 |
2018-09-01 | $149,900 (0.0%) | $183,190 (3.9%) | 0.00 | 341 |
2018-10-01 | $150,000 (3.0%) | $185,092 (5.8%) | 0.00 | 325 |
2018-11-01 | $150,000 (9.0%) | $184,830 (6.7%) | 0.00 | 319 |
2018-12-01 | $150,000 (3.5%) | $184,769 (5.2%) | 0.00 | 302 |
2019-01-01 | $154,900 (6.8%) | $187,590 (6.2%) | 0.00 | 262 |
2019-02-01 | $149,950 (3.5%) | $186,303 (6.0%) | 0.00 | 259 |
2019-03-01 | $152,086 (2.1%) | $183,904 (2.7%) | 0.00 | 270 |
2019-04-01 | $157,450 (5.0%) | $189,641 (2.3%) | 0.00 | 275 |
2019-05-01 | $162,450 (6.6%) | $194,648 (3.8%) | 0.00 | 277 |
2019-06-01 | $159,000 (6.1%) | $191,299 (4.9%) | 0.00 | 300 |
2019-07-01 | $158,200 (5.5%) | $188,863 (3.2%) | 0.00 | 322 |
2019-08-01 | $161,363 (7.6%) | $189,433 (4.7%) | 0.00 | 305 |
2019-09-01 | $163,409 (9.0%) | $189,492 (3.4%) | 0.00 | 281 |
2019-10-01 | $167,125 (11.4%) | $190,079 (2.7%) | 0.00 | 241 |
2019-11-01 | $169,900 (13.3%) | $202,707 (9.7%) | 0.00 | 190 |
2019-12-01 | $169,900 (13.3%) | $206,830 (11.9%) | 0.00 | 173 |
2020-01-01 | $169,900 (9.7%) | $205,794 (9.7%) | 0.00 | 165 |
2020-02-01 | $174,900 (16.6%) | $205,533 (10.3%) | 0.00 | 155 |
2020-03-01 | $181,225 (19.2%) | $205,681 (11.8%) | 0.00 | 161 |
2020-04-01 | $182,175 (15.7%) | $213,434 (12.6%) | 0.00 | 143 |
2020-05-01 | $168,175 (3.5%) | $203,225 (4.4%) | 0.00 | 150 |
2020-06-01 | $179,975 (13.2%) | $211,813 (10.7%) | 0.00 | 160 |
2020-07-01 | $182,500 (15.4%) | $214,638 (13.7%) | 0.00 | 162 |
2020-08-01 | $179,500 (11.2%) | $223,430 (18.0%) | 0.00 | 148 |
2020-09-01 | $187,175 (14.5%) | $233,534 (23.2%) | 0.00 | 137 |
2020-10-01 | $194,900 (16.6%) | $234,824 (23.5%) | 0.00 | 131 |
2020-11-01 | $185,000 (8.9%) | $231,038 (14.0%) | 0.00 | 132 |
2020-12-01 | $169,950 (0.0%) | $223,377 (8.0%) | 0.00 | 129 |
2021-01-01 | $159,900 (-5.9%) | $216,483 (5.2%) | 0.00 | 97 |
2021-02-01 | $163,675 (-6.4%) | $231,378 (12.6%) | 0.00 | 74 |
2021-03-01 | $164,925 (-9.0%) | $236,707 (15.1%) | 0.00 | 74 |
2021-04-01 | $212,375 (16.6%) | $271,221 (27.1%) | 0.00 | 65 |
2021-05-01 | $200,000 (18.9%) | $254,037 (25.0%) | 0.00 | 70 |
2021-06-01 | $182,200 (1.2%) | $227,470 (7.4%) | 0.00 | 88 |
2021-07-01 | $185,000 (1.4%) | $236,134 (10.0%) | 0.00 | 111 |
2021-08-01 | $187,375 (4.4%) | $220,721 (-1.2%) | 0.00 | 123 |
2021-09-01 | $182,500 (-2.5%) | $216,401 (-7.3%) | 0.00 | 128 |
2021-10-01 | $179,950 (-7.7%) | $211,115 (-10.1%) | 0.00 | 126 |
2021-11-01 | $179,400 (-3.0%) | $217,132 (-6.0%) | 0.00 | 109 |
2021-12-01 | $179,950 (5.9%) | $218,330 (-2.3%) | 0.00 | 92 |
2022-01-01 | $179,950 (12.5%) | $228,061 (5.4%) | 0.00 | 80 |
2022-02-01 | $179,900 (9.9%) | $227,287 (-1.8%) | 0.00 | 63 |
2022-03-01 | $179,900 (9.1%) | $227,673 (-3.8%) | 0.00 | 50 |
2022-04-01 | $184,700 (-13.0%) | $235,886 (-13.0%) | 0.00 | 55 |
2022-05-01 | $178,650 (-10.7%) | $225,238 (-11.3%) | 0.00 | 70 |
2022-06-01 | $184,925 (1.5%) | $234,172 (3.0%) | 0.00 | 89 |
2022-07-01 | $217,400 (17.5%) | $242,690 (2.8%) | 0.00 | 96 |
2022-08-01 | $204,250 (9.0%) | $250,130 (13.3%) | 0.00 | 121 |
2022-09-01 | $207,250 (13.6%) | $249,433 (15.3%) | 0.00 | 127 |
2022-10-01 | $188,450 (4.7%) | $249,953 (18.4%) | 0.00 | 121 |
2022-11-01 | $197,250 (10.0%) | $259,033 (19.3%) | 0.00 | 106 |
2022-12-01 | $224,900 (25.0%) | $271,777 (24.5%) | 0.00 | 91 |
2023-01-01 | $224,700 (24.9%) | $263,888 (15.7%) | 0.00 | 79 |
2023-02-01 | $226,350 (25.8%) | $276,013 (21.4%) | 0.00 | 76 |
2023-03-01 | $226,975 (26.2%) | $271,149 (19.1%) | 0.00 | 66 |
2023-04-01 | $231,350 (25.3%) | $279,632 (18.6%) | 0.00 | 74 |
2023-05-01 | $227,489 (27.3%) | $286,732 (27.3%) | 0.00 | 71 |
2023-06-01 | $249,450 (34.9%) | $310,628 (32.7%) | 0.00 | 75 |
2023-07-01 | $250,000 (15.0%) | $309,377 (27.5%) | 0.00 | 75 |
2023-08-01 | $254,500 (24.6%) | $301,809 (20.7%) | 0.00 | 79 |
2023-09-01 | $249,000 (20.1%) | $298,632 (19.7%) | 0.00 | 80 |
2023-10-01 | $228,475 (21.2%) | $286,941 (14.8%) | 0.00 | 89 |
2023-11-01 | $223,450 (13.3%) | $278,107 (7.4%) | 0.00 | 90 |
2023-12-01 | $217,450 (-3.3%) | $280,089 (3.1%) | 0.00 | 75 |
2024-01-01 | $229,750 (2.3%) | $294,625 (11.7%) | 0.00 | 70 |
2024-02-01 | $249,000 (10.0%) | $311,525 (12.9%) | 0.00 | 57 |
2024-03-01 | $225,000 (-0.9%) | $288,368 (6.4%) | 0.00 | 72 |
2024-04-01 | $249,000 (7.6%) | $304,649 (9.0%) | 0.00 | 78 |
2024-05-01 | $245,000 (7.7%) | $306,557 (6.9%) | 0.00 | 87 |
2024-06-01 | $249,900 (0.2%) | $313,939 (1.1%) | 0.00 | 103 |
2024-07-01 | $248,450 (-0.6%) | $293,584 (-5.1%) | 0.00 | 109 |
2024-08-01 | $227,450 (-10.6%) | $271,915 (-9.9%) | 0.00 | 115 |
2024-09-01 | $225,000 (-9.6%) | $264,582 (-11.4%) | 0.00 | 126 |
2024-10-01 | $229,250 (0.3%) | $273,370 (-4.7%) | 0.00 | 124 |
2024-11-01 | $242,950 (8.7%) | $278,043 (0.0%) | 0.00 | 124 |
Mount Pleasant's median listing price comes in at 0% of the national average.
Mount Pleasant's average listing price for 2024-11-01 was $278,043, a difference of $-64 (0.0%) versus the prior year and $4,673 versus the prior month.
For the 2024-11-01 period, Mount Pleasant had 124 MLS listings, a difference of 0 listings (0%) versus the prior month and 34 listings (38%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Mount Pleasant (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,757 sqft |
2018-02-01 | 0 days | 1,764 sqft |
2018-03-01 | 0 days | 1,769 sqft |
2018-04-01 | 0 days | 1,850 sqft |
2018-05-01 | 0 days | 1,852 sqft |
2018-06-01 | 0 days | 1,795 sqft |
2018-07-01 | 0 days | 1,814 sqft |
2018-08-01 | 0 days | 1,821 sqft |
2018-09-01 | 0 days | 1,740 sqft |
2018-10-01 | 0 days | 1,773 sqft |
2018-11-01 | 0 days | 1,768 sqft |
2018-12-01 | 0 days | 1,738 sqft |
2019-01-01 | 0 days | 1,739 sqft |
2019-02-01 | 0 days | 1,700 sqft |
2019-03-01 | 0 days | 1,714 sqft |
2019-04-01 | 0 days | 1,753 sqft |
2019-05-01 | 0 days | 1,764 sqft |
2019-06-01 | 0 days | 1,728 sqft |
2019-07-01 | 0 days | 1,730 sqft |
2019-08-01 | 0 days | 1,750 sqft |
2019-09-01 | 0 days | 1,778 sqft |
2019-10-01 | 0 days | 1,797 sqft |
2019-11-01 | 0 days | 1,752 sqft |
2019-12-01 | 0 days | 1,800 sqft |
2020-01-01 | 0 days | 1,800 sqft |
2020-02-01 | 0 days | 1,815 sqft |
2020-03-01 | 0 days | 1,834 sqft |
2020-04-01 | 0 days | 1,805 sqft |
2020-05-01 | 0 days | 1,780 sqft |
2020-06-01 | 0 days | 1,900 sqft |
2020-07-01 | 0 days | 1,931 sqft |
2020-08-01 | 0 days | 1,912 sqft |
2020-09-01 | 0 days | 1,901 sqft |
2020-10-01 | 0 days | 1,938 sqft |
2020-11-01 | 0 days | 1,909 sqft |
2020-12-01 | 0 days | 1,861 sqft |
2021-01-01 | 0 days | 1,848 sqft |
2021-02-01 | 0 days | 1,850 sqft |
2021-03-01 | 0 days | 1,901 sqft |
2021-04-01 | 0 days | 2,139 sqft |
2021-05-01 | 0 days | 1,915 sqft |
2021-06-01 | 0 days | 1,757 sqft |
2021-07-01 | 0 days | 1,739 sqft |
2021-08-01 | 0 days | 1,684 sqft |
2021-09-01 | 0 days | 1,660 sqft |
2021-10-01 | 0 days | 1,600 sqft |
2021-11-01 | 0 days | 1,623 sqft |
2021-12-01 | 0 days | 1,634 sqft |
2022-01-01 | 0 days | 1,569 sqft |
2022-02-01 | 0 days | 1,585 sqft |
2022-03-01 | 0 days | 1,653 sqft |
2022-04-01 | 0 days | 1,580 sqft |
2022-05-01 | 0 days | 1,618 sqft |
2022-06-01 | 0 days | 1,664 sqft |
2022-07-01 | 0 days | 1,714 sqft |
2022-08-01 | 0 days | 1,814 sqft |
2022-09-01 | 0 days | 1,800 sqft |
2022-10-01 | 0 days | 1,728 sqft |
2022-11-01 | 0 days | 1,756 sqft |
2022-12-01 | 0 days | 1,718 sqft |
2023-01-01 | 0 days | 1,738 sqft |
2023-02-01 | 0 days | 1,744 sqft |
2023-03-01 | 0 days | 1,716 sqft |
2023-04-01 | 0 days | 1,729 sqft |
2023-05-01 | 0 days | 1,744 sqft |
2023-06-01 | 0 days | 1,832 sqft |
2023-07-01 | 0 days | 1,856 sqft |
2023-08-01 | 0 days | 1,750 sqft |
2023-09-01 | 0 days | 1,795 sqft |
2023-10-01 | 0 days | 1,757 sqft |
2023-11-01 | 0 days | 1,703 sqft |
2023-12-01 | 0 days | 1,706 sqft |
2024-01-01 | 0 days | 1,865 sqft |
2024-02-01 | 0 days | 1,864 sqft |
2024-03-01 | 0 days | 1,932 sqft |
2024-04-01 | 0 days | 1,890 sqft |
2024-05-01 | 0 days | 1,812 sqft |
2024-06-01 | 0 days | 1,800 sqft |
2024-07-01 | 0 days | 1,741 sqft |
2024-08-01 | 0 days | 1,556 sqft |
2024-09-01 | 0 days | 1,554 sqft |
2024-10-01 | 0 days | 1,614 sqft |
2024-11-01 | 0 days | 1,779 sqft |
Mount Pleasant's median square footage for active listings during the 2024-11-01 period was 1,779 sqft. One year prior, the average listing was 1,703 sqft.