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
0.16%
for the week of 2024-11-15, compared to the national average (all USDA variants) of
0% for the same period.
Mount Vernon's average USDA mortgage closing costs are $4,965.
The average rate for the prior week (2024-11-08) was
6.82% and
one month ago for the week of 2024-10-11, the
average rate was 6.38%.
The average rate one year ago was 7.61%.
For refis of the same type during the week of 2024-11-15, the average rate
was -0.2%.
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%) | $248,337 (8.5%) | 0.00 | 207 |
| 2019-08-01 | $188,164 (14.9%) | $254,247 (11.7%) | 0.00 | 192 |
| 2019-09-01 | $186,328 (13.0%) | $255,960 (9.9%) | 0.00 | 162 |
| 2019-10-01 | $184,900 (17.5%) | $263,818 (17.2%) | 0.00 | 139 |
| 2019-11-01 | $185,000 (18.6%) | $274,911 (23.7%) | 0.00 | 138 |
| 2019-12-01 | $178,425 (12.1%) | $260,842 (21.1%) | 0.00 | 136 |
| 2020-01-01 | $173,175 (3.3%) | $257,404 (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 | $165,250 (-5.1%) | $248,128 (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 (22.3%) | 0.00 | 62 |
| 2020-08-01 | $181,950 (-3.3%) | $328,017 (29.0%) | 0.00 | 45 |
| 2020-09-01 | $199,450 (7.0%) | $300,101 (17.2%) | 0.00 | 52 |
| 2020-10-01 | $188,750 (2.1%) | $249,444 (-5.5%) | 0.00 | 48 |
| 2020-11-01 | $155,950 (-15.7%) | $216,434 (-21.3%) | 0.00 | 56 |
| 2020-12-01 | $147,450 (-17.4%) | $202,323 (-22.4%) | 0.00 | 39 |
| 2021-01-01 | $147,450 (-14.9%) | $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 (40.4%) | $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%) | $490,867 (45.6%) | 0.00 | 79 |
| 2023-07-01 | $350,000 (40.1%) | $436,643 (22.0%) | 0.00 | 78 |
| 2023-08-01 | $374,700 (31.7%) | $459,523 (17.7%) | 0.00 | 89 |
| 2023-09-01 | $350,000 (8.5%) | $411,227 (-6.0%) | 0.00 | 93 |
| 2023-10-01 | $340,000 (19.3%) | $434,161 (0.2%) | 0.00 | 108 |
| 2023-11-01 | $332,500 (1.5%) | $426,497 (-7.8%) | 0.00 | 100 |
| 2023-12-01 | $335,000 (26.5%) | $433,482 (19.0%) | 0.00 | 85 |
| 2024-01-01 | $338,725 (13.9%) | $452,868 (21.2%) | 0.00 | 66 |
| 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%) | $591,642 (26.5%) | 0.00 | 82 |
| 2024-06-01 | $414,900 (8.8%) | $562,961 (14.7%) | 0.00 | 88 |
| 2024-07-01 | $324,900 (-7.2%) | $414,388 (-5.1%) | 0.00 | 150 |
| 2024-08-01 | $347,400 (-7.3%) | $479,182 (4.3%) | 0.00 | 120 |
| 2024-09-01 | $366,000 (4.6%) | $482,805 (17.4%) | 0.00 | 121 |
| 2024-10-01 | $372,450 (9.5%) | $495,884 (14.2%) | 0.00 | 134 |
Mount Vernon's median listing price comes in at 0% of the national average.
Mount Vernon's average listing price for 2024-10-01 was $495,884, a difference of $61,723 (14.2%) versus the prior year and $13,079 versus the prior month.
For the 2024-10-01 period, Mount Vernon had 134 MLS listings, a difference of 13 listings (11%) versus the prior month and 26 listings (24%) 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 | 1,680 sqft |
| 2018-04-01 | 0 days | 1,813 sqft |
| 2018-05-01 | 0 days | 1,854 sqft |
| 2018-06-01 | 0 days | 1,852 sqft |
| 2018-07-01 | 0 days | 1,773 sqft |
| 2018-08-01 | 0 days | 1,720 sqft |
| 2018-09-01 | 0 days | 1,771 sqft |
| 2018-10-01 | 0 days | 1,768 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 | 1,676 sqft |
| 2019-03-01 | 0 days | 1,697 sqft |
| 2019-04-01 | 0 days | 1,728 sqft |
| 2019-05-01 | 0 days | 1,806 sqft |
| 2019-06-01 | 0 days | 1,870 sqft |
| 2019-07-01 | 0 days | 1,806 sqft |
| 2019-08-01 | 0 days | 1,845 sqft |
| 2019-09-01 | 0 days | 1,901 sqft |
| 2019-10-01 | 0 days | 1,944 sqft |
| 2019-11-01 | 0 days | 1,943 sqft |
| 2019-12-01 | 0 days | 1,830 sqft |
| 2020-01-01 | 0 days | 1,861 sqft |
| 2020-02-01 | 0 days | 1,845 sqft |
| 2020-03-01 | 0 days | 1,712 sqft |
| 2020-04-01 | 0 days | 1,801 sqft |
| 2020-05-01 | 0 days | 1,845 sqft |
| 2020-06-01 | 0 days | 1,887 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 | 1,417 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 | 1,852 sqft |
| 2021-07-01 | 0 days | 1,821 sqft |
| 2021-08-01 | 0 days | 1,883 sqft |
| 2021-09-01 | 0 days | 1,976 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 | 1,892 sqft |
| 2022-07-01 | 0 days | 1,813 sqft |
| 2022-08-01 | 0 days | 1,877 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 | 2,190 sqft |
| 2023-06-01 | 0 days | 2,232 sqft |
| 2023-07-01 | 0 days | 2,217 sqft |
| 2023-08-01 | 0 days | 2,285 sqft |
| 2023-09-01 | 0 days | 2,128 sqft |
| 2023-10-01 | 0 days | 2,033 sqft |
| 2023-11-01 | 0 days | 1,964 sqft |
| 2023-12-01 | 0 days | 1,865 sqft |
| 2024-01-01 | 0 days | 1,874 sqft |
| 2024-02-01 | 0 days | 2,113 sqft |
| 2024-03-01 | 0 days | 2,115 sqft |
| 2024-04-01 | 0 days | 2,196 sqft |
| 2024-05-01 | 0 days | 2,192 sqft |
| 2024-06-01 | 0 days | 2,058 sqft |
| 2024-07-01 | 0 days | 2,032 sqft |
| 2024-08-01 | 0 days | 1,940 sqft |
| 2024-09-01 | 0 days | 1,975 sqft |
| 2024-10-01 | 0 days | 2,012 sqft |
Mount Vernon's median square footage for active listings during the 2024-10-01 period was 2,012 sqft. One year prior, the average listing was 2,033 sqft.