Mount Vernon USDA Loan Rates, Closing Costs & Stats
Mount Vernon, 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.
Mount Vernon's 10 lenders originated 13 USDA loans during 2023. The total origination value was $2,035,000, with an average USDA loan value of $156,538.
Mount Vernon USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Mount Vernon
averaged
6.59%
for the week of 2025-02-14, compared to the national average (all USDA variants) of
6.526% for the same period.
Mount Vernon's average USDA mortgage closing costs are $4,965.
The average rate for the prior week (2025-02-07) was
6.85% and
one month ago for the week of 2025-01-10, the
average rate was 6.79%.
The average rate one year ago was 6.79%.
For refis of the same type during the week of 2025-02-14, the average rate
was 6.63%.
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 | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
|---|---|---|---|
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | 3 | 7.33% | $6,765 |
| UNION HOME MORTGAGE CORP. | 2 | 6.56% | $6,587 |
| FIRST COMMUNITY MORTGAGE, INC. | 1 | 7.63% | $3,421 |
| GUILD MORTGAGE COMPANY | 1 | 6.13% | $5,549 |
| C E S | 1 | 7.63% | $6,369 |
| LOANDEPOT.COM, LLC | 1 | 6.25% | $4,504 |
| MICHIGAN MUTUAL, INC. | 1 | 7.13% | $8,974 |
| RUOFF MORTGAGE COMPANY, INC. | 1 | 7.00% | $2,747 |
| J. VIRGIL, INC. | 1 | 7.13% | $6,508 |
| EQUITY RESOURCES, INC. | 1 | 6.50% | $8,323 |
The top Mount Vernon USDA lender as defined by loan originations is FAIRWAY INDEPENDENT MORTGAGE CORPORATION, with
3 USDA loans originated. Their average total fees are
$6,765, which is $178
higher than the next largest lender,
UNION HOME MORTGAGE CORP..
The lowest fee Mount Vernon USDA lenders (with over 10 loans originated) are
.
The lowest rate Mount Vernon USDA lenders (with over 10 loans originated) are
.
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 |
Mount Vernon's median listing price comes in at 0% of the national average.
Mount Vernon's average listing price for 2025-01-01 was $450,123, a difference of $-2,745 (-0.6%) versus the prior year and $-9,543 versus the prior month.
For the 2025-01-01 period, Mount Vernon had 108 MLS listings, a difference of -5 listings (-4%) versus the prior month and 41 listings (61%) 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 |
Mount Vernon's median square footage for active listings during the 2025-01-01 period was 1,801 sqft. One year prior, the average listing was 1,874 sqft.