Mount Vernon USDA Loan Rates, Closing Costs & Stats

Mount Vernon, 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.

    Mount Vernon's 14 lenders originated 32 USDA loans during 2024. The total origination value was $6,140,000, with an average USDA loan value of $191,875.

    Mount Vernon USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Mount Vernon averaged 6.69% for the week of 2025-07-11, compared to the national average (all USDA variants) of 6.449% for the same period.

    Mount Vernon's average USDA mortgage closing costs are $5,171.

    The average rate for the prior week (2025-07-04) was 6.99% and one month ago for the week of 2025-06-06, the average rate was 6.79%.

    The average rate one year ago was 7.27%.

    For refis of the same type during the week of 2025-07-11, the average rate was 6.54%.

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

    Mount Vernon 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 Vernon level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 12 6.57% $7,865
    UNION HOME MORTGAGE CORP. 3 6.08% $12,481
    RUOFF MORTGAGE COMPANY, INC. 3 6.63% $5,433
    UNITED WHOLESALE MORTGAGE, LLC 2 6.00% $9,370
    LIBERTY HOME MORTGAGE CORPORATION 2 6.75% $3,538
    NEWREZ LLC 2 7.00% $7,745
    DIRECT MORTGAGE LOANS, LLC 1 6.75% $6,490
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 6.38% $4,589
    NFM, INC. 1 6.75% $8,244
    Equity Prime Mortgage LLC 1 7.25% $3,579
    THE EQUITABLE MORTGAGE CORPORATION 1 6.63% $5,226
    The State Bank and Trust Company 1 6.75% $6,035
    EQUITY RESOURCES, INC. 1 6.13% $5,095
    J. VIRGIL, INC. 1 6.63% $7,878

    The top Mount Vernon USDA lender as defined by loan originations is FAIRWAY INDEPENDENT MORTGAGE CORPORATION, with 12 USDA loans originated. Their average total fees are $7,865, which is $4,616 lower than the next largest lender, UNION HOME MORTGAGE CORP..

    The lowest fee Mount Vernon USDA lenders (with over 10 loans originated) are FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($7,865), .

    The lowest rate Mount Vernon USDA lenders (with over 10 loans originated) are FAIRWAY INDEPENDENT MORTGAGE CORPORATION (6.57%), .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Mount Vernon (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 $140,563 (0.9%) $187,948 (1.2%) 0.00 154
    2018-02-01 $142,475 (4.1%) $189,520 (7.2%) 0.00 142
    2018-03-01 $154,950 (6.3%) $202,841 (7.2%) 0.00 161
    2018-04-01 $177,419 (18.5%) $230,938 (21.2%) 0.00 169
    2018-05-01 $179,250 (22.0%) $239,226 (23.8%) 0.00 215
    2018-06-01 $164,950 (17.0%) $230,228 (16.5%) 0.00 221
    2018-07-01 $159,925 (14.3%) $228,947 (14.5%) 0.00 200
    2018-08-01 $163,725 (17.0%) $227,687 (17.9%) 0.00 198
    2018-09-01 $164,950 (19.8%) $232,824 (27.2%) 0.00 201
    2018-10-01 $157,350 (12.5%) $225,115 (23.5%) 0.00 199
    2018-11-01 $156,000 (9.4%) $222,221 (22.6%) 0.00 178
    2018-12-01 $159,200 (11.4%) $215,354 (15.2%) 0.00 160
    2019-01-01 $167,600 (19.2%) $233,945 (24.5%) 0.00 143
    2019-02-01 $162,900 (14.3%) $236,469 (24.8%) 0.00 132
    2019-03-01 $168,086 (8.5%) $239,515 (18.1%) 0.00 150
    2019-04-01 $174,136 (-1.9%) $247,653 (7.2%) 0.00 175
    2019-05-01 $183,738 (2.5%) $244,322 (2.1%) 0.00 199
    2019-06-01 $179,900 (9.1%) $259,507 (12.7%) 0.00 190
    2019-07-01 $188,000 (17.6%) $248,200 (8.4%) 0.00 206
    2019-08-01 $187,861 (14.7%) $254,003 (11.6%) 0.00 191
    2019-09-01 $186,153 (12.9%) $255,762 (9.9%) 0.00 161
    2019-10-01 $184,825 (17.5%) $263,703 (17.1%) 0.00 138
    2019-11-01 $184,950 (18.6%) $274,877 (23.7%) 0.00 137
    2019-12-01 $177,450 (11.5%) $260,848 (21.1%) 0.00 135
    2020-01-01 $172,875 (3.2%) $257,389 (10.0%) 0.00 116
    2020-02-01 $174,950 (7.4%) $259,586 (9.8%) 0.00 93
    2020-03-01 $174,950 (4.1%) $253,400 (5.8%) 0.00 94
    2020-04-01 $165,000 (-5.3%) $248,044 (0.2%) 0.00 99
    2020-05-01 $179,900 (-2.1%) $270,963 (10.9%) 0.00 99
    2020-06-01 $187,400 (4.2%) $288,378 (11.1%) 0.00 76
    2020-07-01 $197,450 (5.0%) $303,778 (22.4%) 0.00 62
    2020-08-01 $181,950 (-3.2%) $328,017 (29.1%) 0.00 45
    2020-09-01 $199,450 (7.1%) $300,101 (17.3%) 0.00 52
    2020-10-01 $188,750 (2.1%) $249,444 (-5.4%) 0.00 48
    2020-11-01 $155,950 (-15.7%) $216,434 (-21.3%) 0.00 56
    2020-12-01 $147,450 (-16.9%) $202,323 (-22.4%) 0.00 39
    2021-01-01 $147,450 (-14.7%) $183,959 (-28.5%) 0.00 31
    2021-02-01 $151,175 (-13.6%) $204,847 (-21.1%) 0.00 22
    2021-03-01 $182,825 (4.5%) $222,535 (-12.2%) 0.00 27
    2021-04-01 $231,950 (40.6%) $295,745 (19.2%) 0.00 29
    2021-05-01 $202,400 (12.5%) $264,288 (-2.5%) 0.00 32
    2021-06-01 $227,450 (21.4%) $299,401 (3.8%) 0.00 40
    2021-07-01 $217,450 (10.1%) $333,485 (9.8%) 0.00 60
    2021-08-01 $247,425 (36.0%) $380,513 (16.0%) 0.00 60
    2021-09-01 $245,169 (22.9%) $372,429 (24.1%) 0.00 67
    2021-10-01 $244,950 (29.8%) $399,420 (60.1%) 0.00 68
    2021-11-01 $227,500 (45.9%) $360,620 (66.6%) 0.00 63
    2021-12-01 $227,450 (54.3%) $343,143 (69.6%) 0.00 52
    2022-01-01 $252,900 (71.5%) $360,421 (95.9%) 0.00 41
    2022-02-01 $253,650 (67.8%) $320,057 (56.2%) 0.00 34
    2022-03-01 $268,363 (46.8%) $291,396 (30.9%) 0.00 39
    2022-04-01 $233,000 (0.5%) $276,511 (-6.5%) 0.00 43
    2022-05-01 $196,950 (-2.7%) $298,070 (12.8%) 0.00 42
    2022-06-01 $246,175 (8.2%) $337,085 (12.6%) 0.00 56
    2022-07-01 $249,900 (14.9%) $357,895 (7.3%) 0.00 58
    2022-08-01 $284,614 (15.0%) $390,323 (2.6%) 0.00 63
    2022-09-01 $322,475 (31.5%) $437,631 (17.5%) 0.00 59
    2022-10-01 $284,950 (16.3%) $433,353 (8.5%) 0.00 66
    2022-11-01 $327,450 (43.9%) $462,396 (28.2%) 0.00 66
    2022-12-01 $264,900 (16.5%) $364,352 (6.2%) 0.00 59
    2023-01-01 $297,425 (17.6%) $373,668 (3.7%) 0.00 61
    2023-02-01 $298,400 (17.6%) $393,655 (23.0%) 0.00 60
    2023-03-01 $317,450 (18.3%) $410,240 (40.8%) 0.00 57
    2023-04-01 $337,000 (44.6%) $450,804 (63.0%) 0.00 55
    2023-05-01 $371,225 (88.5%) $467,580 (56.9%) 0.00 63
    2023-06-01 $381,225 (54.9%) $490,973 (45.7%) 0.00 79
    2023-07-01 $359,950 (44.0%) $437,512 (22.3%) 0.00 79
    2023-08-01 $374,950 (31.7%) $459,634 (17.8%) 0.00 90
    2023-09-01 $350,000 (8.5%) $411,815 (-5.9%) 0.00 94
    2023-10-01 $345,000 (21.1%) $434,493 (0.3%) 0.00 109
    2023-11-01 $333,750 (1.9%) $426,934 (-7.7%) 0.00 101
    2023-12-01 $340,000 (28.4%) $433,855 (19.1%) 0.00 86
    2024-01-01 $341,225 (14.7%) $452,868 (21.2%) 0.00 67
    2024-02-01 $352,925 (18.3%) $471,843 (19.9%) 0.00 66
    2024-03-01 $362,000 (14.0%) $506,517 (23.5%) 0.00 67
    2024-04-01 $399,975 (18.7%) $560,702 (24.4%) 0.00 73
    2024-05-01 $411,225 (10.8%) $589,862 (26.2%) 0.00 82
    2024-06-01 $399,900 (4.9%) $551,978 (12.4%) 0.00 87
    2024-07-01 $324,900 (-9.7%) $414,388 (-5.3%) 0.00 150
    2024-08-01 $347,400 (-7.4%) $479,182 (4.3%) 0.00 120
    2024-09-01 $366,000 (4.6%) $482,805 (17.2%) 0.00 121
    2024-10-01 $372,450 (8.0%) $495,884 (14.1%) 0.00 134
    2024-11-01 $361,000 (8.2%) $448,736 (5.1%) 0.00 128
    2024-12-01 $349,900 (2.9%) $459,666 (6.0%) 0.00 113
    2025-01-01 $347,899 (2.0%) $450,123 (-0.6%) 0.00 108
    2025-02-01 $352,000 (-0.3%) $465,797 (-1.3%) 0.00 101
    2025-03-01 $355,000 (-1.9%) $480,032 (-5.2%) 0.00 107
    2025-04-01 $387,000 (-3.2%) $490,439 (-12.5%) 0.00 133
    2025-05-01 $373,900 (-9.1%) $494,438 (-16.2%) 0.00 139
    2025-06-01 $387,850 (-3.0%) $517,190 (-6.3%) 0.00 150
    Mount Vernon's median listing price for 2025-06-01 was $387,850, a difference of $-12,050 (-3.0%) versus the prior year and $13,950 versus the prior month.

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

    Mount Vernon's average listing price for 2025-06-01 was $517,190, a difference of $-34,788 (-6.3%) versus the prior year and $22,752 versus the prior month.

    For the 2025-06-01 period, Mount Vernon had 150 MLS listings, a difference of 11 listings (8%) versus the prior month and 63 listings (72%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Mount Vernon (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,628 sqft
    2018-02-01 0 days 1,582 sqft
    2018-03-01 0 days 1,664 sqft
    2018-04-01 0 days 1,796 sqft
    2018-05-01 0 days 1,854 sqft
    2018-06-01 0 days 1,863 sqft
    2018-07-01 0 days 1,751 sqft
    2018-08-01 0 days 1,695 sqft
    2018-09-01 0 days 1,764 sqft
    2018-10-01 0 days 1,758 sqft
    2018-11-01 0 days 1,728 sqft
    2018-12-01 0 days 1,680 sqft
    2019-01-01 0 days 1,680 sqft
    2019-02-01 0 days 1,679 sqft
    2019-03-01 0 days 1,694 sqft
    2019-04-01 0 days 1,724 sqft
    2019-05-01 0 days 1,803 sqft
    2019-06-01 0 days 1,847 sqft
    2019-07-01 0 days 1,803 sqft
    2019-08-01 0 days 1,841 sqft
    2019-09-01 0 days 1,899 sqft
    2019-10-01 0 days 1,940 sqft
    2019-11-01 0 days 1,940 sqft
    2019-12-01 0 days 1,814 sqft
    2020-01-01 0 days 1,861 sqft
    2020-02-01 0 days 1,810 sqft
    2020-03-01 0 days 1,699 sqft
    2020-04-01 0 days 1,794 sqft
    2020-05-01 0 days 1,845 sqft
    2020-06-01 0 days 1,901 sqft
    2020-07-01 0 days 1,740 sqft
    2020-08-01 0 days 1,890 sqft
    2020-09-01 0 days 1,862 sqft
    2020-10-01 0 days 1,709 sqft
    2020-11-01 0 days 1,604 sqft
    2020-12-01 0 days 1,588 sqft
    2021-01-01 0 days 1,656 sqft
    2021-02-01 0 days 1,426 sqft
    2021-03-01 0 days 1,587 sqft
    2021-04-01 0 days 2,228 sqft
    2021-05-01 0 days 1,767 sqft
    2021-06-01 0 days 1,842 sqft
    2021-07-01 0 days 1,821 sqft
    2021-08-01 0 days 1,883 sqft
    2021-09-01 0 days 1,949 sqft
    2021-10-01 0 days 2,033 sqft
    2021-11-01 0 days 2,088 sqft
    2021-12-01 0 days 1,926 sqft
    2022-01-01 0 days 1,887 sqft
    2022-02-01 0 days 1,784 sqft
    2022-03-01 0 days 1,859 sqft
    2022-04-01 0 days 1,985 sqft
    2022-05-01 0 days 1,705 sqft
    2022-06-01 0 days 1,870 sqft
    2022-07-01 0 days 1,805 sqft
    2022-08-01 0 days 1,847 sqft
    2022-09-01 0 days 1,925 sqft
    2022-10-01 0 days 1,925 sqft
    2022-11-01 0 days 2,085 sqft
    2022-12-01 0 days 1,681 sqft
    2023-01-01 0 days 1,796 sqft
    2023-02-01 0 days 1,890 sqft
    2023-03-01 0 days 2,073 sqft
    2023-04-01 0 days 2,008 sqft
    2023-05-01 0 days 2,163 sqft
    2023-06-01 0 days 2,207 sqft
    2023-07-01 0 days 2,200 sqft
    2023-08-01 0 days 2,236 sqft
    2023-09-01 0 days 2,131 sqft
    2023-10-01 0 days 2,029 sqft
    2023-11-01 0 days 1,947 sqft
    2023-12-01 0 days 1,865 sqft
    2024-01-01 0 days 1,874 sqft
    2024-02-01 0 days 2,148 sqft
    2024-03-01 0 days 2,115 sqft
    2024-04-01 0 days 2,198 sqft
    2024-05-01 0 days 2,192 sqft
    2024-06-01 0 days 2,036 sqft
    2024-07-01 0 days 2,021 sqft
    2024-08-01 0 days 1,944 sqft
    2024-09-01 0 days 1,975 sqft
    2024-10-01 0 days 2,012 sqft
    2024-11-01 0 days 1,862 sqft
    2024-12-01 0 days 1,861 sqft
    2025-01-01 0 days 1,801 sqft
    2025-02-01 0 days 1,719 sqft
    2025-03-01 0 days 1,922 sqft
    2025-04-01 0 days 2,024 sqft
    2025-05-01 0 days 2,092 sqft
    2025-06-01 0 days 2,150 sqft
    Mount Vernon's median listing age (time on market) for 2025-06-01 was 0 days.

    Mount Vernon's median square footage for active listings during the 2025-06-01 period was 2,150 sqft. One year prior, the average listing was 2,036 sqft.