Muncie USDA Loan Rates, Closing Costs & Stats
MUNCIE, IN
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.
Muncie's 10 lenders originated 21 USDA loans during 2023. The total origination value was $2,955,000, with an average USDA loan value of $140,714.
Muncie USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Muncie
averaged
0.05%
for the week of 2024-11-29, compared to the national average (all USDA variants) of
0% for the same period.
Muncie's average USDA mortgage closing costs are $3,542.
The average rate for the prior week (2024-11-22) was
6.56% and
one month ago for the week of 2024-10-25, the
average rate was 6.36%.
The average rate one year ago was 7.46%.
For refis of the same type during the week of 2024-11-29, the average rate
was -0.05%.
Muncie 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 Muncie level.
Name | # of Loans | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
---|---|---|---|
GVC MORTGAGE, INC. | 7 | 7.02% | $5,512 |
UNION HOME MORTGAGE CORP. | 5 | 7.15% | $6,012 |
NEWREZ LLC | 2 | 7.00% | $5,916 |
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. | 1 | 7.63% | $4,664 |
MJW Financial LLC | 1 | 6.63% | $6,886 |
Bank of England | 1 | 5.63% | $7,304 |
PRIMARY RESIDENTIAL MORTGAGE, INC. | 1 | 6.88% | $6,307 |
RUOFF MORTGAGE COMPANY, INC. | 1 | 5.75% | $1,176 |
THRIVE MORTGAGE, LLC | 1 | 6.88% | $4,719 |
CALIBER HOME LOANS, INC. | 1 | 6.75% | $5,311 |
The top Muncie USDA lender as defined by loan originations is GVC MORTGAGE, INC., with
7 USDA loans originated. Their average total fees are
$5,512, which is $500
lower than the next largest lender,
UNION HOME MORTGAGE CORP..
The lowest fee Muncie USDA lenders (with over 10 loans originated) are
.
The lowest rate Muncie USDA lenders (with over 10 loans originated) are
.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Muncie (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 | $74,900 (1.0%) | $112,806 (-1.1%) | 0.00 | 363 |
2018-02-01 | $74,900 (7.2%) | $117,880 (1.5%) | 0.00 | 348 |
2018-03-01 | $74,900 (4.7%) | $126,601 (8.0%) | 0.00 | 330 |
2018-04-01 | $77,444 (6.2%) | $142,299 (22.0%) | 0.00 | 313 |
2018-05-01 | $89,925 (23.3%) | $146,861 (23.3%) | 0.00 | 346 |
2018-06-01 | $88,194 (11.7%) | $143,176 (12.7%) | 0.00 | 369 |
2018-07-01 | $89,900 (11.1%) | $141,504 (8.4%) | 0.00 | 387 |
2018-08-01 | $87,322 (4.5%) | $142,802 (-1.8%) | 0.00 | 405 |
2018-09-01 | $85,000 (-0.5%) | $138,709 (-12.3%) | 0.00 | 435 |
2018-10-01 | $87,925 (4.6%) | $140,051 (-11.2%) | 0.00 | 416 |
2018-11-01 | $85,175 (5.7%) | $140,101 (-11.1%) | 0.00 | 405 |
2018-12-01 | $79,900 (6.7%) | $136,042 (13.8%) | 0.00 | 387 |
2019-01-01 | $79,900 (6.7%) | $133,094 (18.0%) | 0.00 | 368 |
2019-02-01 | $79,900 (6.7%) | $127,795 (8.4%) | 0.00 | 352 |
2019-03-01 | $82,686 (10.4%) | $134,346 (6.1%) | 0.00 | 345 |
2019-04-01 | $87,150 (12.5%) | $142,940 (0.5%) | 0.00 | 345 |
2019-05-01 | $98,675 (9.7%) | $149,283 (1.7%) | 0.00 | 343 |
2019-06-01 | $105,000 (19.1%) | $153,534 (7.2%) | 0.00 | 350 |
2019-07-01 | $107,400 (19.5%) | $163,182 (15.3%) | 0.00 | 355 |
2019-08-01 | $118,536 (35.8%) | $162,873 (14.1%) | 0.00 | 371 |
2019-09-01 | $116,491 (37.1%) | $158,220 (14.1%) | 0.00 | 379 |
2019-10-01 | $113,450 (29.0%) | $152,810 (9.1%) | 0.00 | 378 |
2019-11-01 | $109,900 (29.0%) | $144,891 (3.4%) | 0.00 | 375 |
2019-12-01 | $99,900 (25.0%) | $140,825 (3.5%) | 0.00 | 336 |
2020-01-01 | $100,723 (26.1%) | $141,730 (6.5%) | 0.00 | 302 |
2020-02-01 | $94,400 (18.2%) | $140,808 (10.2%) | 0.00 | 267 |
2020-03-01 | $90,438 (9.4%) | $140,663 (4.7%) | 0.00 | 246 |
2020-04-01 | $81,400 (-6.6%) | $137,777 (-3.6%) | 0.00 | 237 |
2020-05-01 | $88,000 (-10.8%) | $159,458 (6.8%) | 0.00 | 193 |
2020-06-01 | $81,175 (-22.7%) | $159,972 (4.2%) | 0.00 | 161 |
2020-07-01 | $111,425 (3.8%) | $178,876 (9.6%) | 0.00 | 146 |
2020-08-01 | $110,000 (-7.2%) | $175,809 (7.9%) | 0.00 | 158 |
2020-09-01 | $112,400 (-3.5%) | $166,349 (5.1%) | 0.00 | 200 |
2020-10-01 | $103,900 (-8.4%) | $157,104 (2.8%) | 0.00 | 236 |
2020-11-01 | $95,525 (-13.1%) | $153,051 (5.6%) | 0.00 | 237 |
2020-12-01 | $78,838 (-21.1%) | $140,566 (-0.2%) | 0.00 | 205 |
2021-01-01 | $68,950 (-31.5%) | $136,035 (-4.0%) | 0.00 | 187 |
2021-02-01 | $63,900 (-32.3%) | $139,396 (-1.0%) | 0.00 | 139 |
2021-03-01 | $59,900 (-33.8%) | $137,791 (-2.0%) | 0.00 | 115 |
2021-04-01 | $63,475 (-22.0%) | $127,887 (-7.2%) | 0.00 | 108 |
2021-05-01 | $67,000 (-23.9%) | $132,118 (-17.2%) | 0.00 | 116 |
2021-06-01 | $89,150 (9.8%) | $158,170 (-1.1%) | 0.00 | 134 |
2021-07-01 | $115,900 (4.0%) | $173,918 (-2.8%) | 0.00 | 169 |
2021-08-01 | $122,450 (11.3%) | $172,663 (-1.8%) | 0.00 | 168 |
2021-09-01 | $124,900 (11.1%) | $166,224 (-0.1%) | 0.00 | 170 |
2021-10-01 | $119,900 (15.4%) | $154,827 (-1.5%) | 0.00 | 163 |
2021-11-01 | $123,700 (29.5%) | $153,934 (0.6%) | 0.00 | 144 |
2021-12-01 | $129,900 (64.8%) | $163,246 (16.1%) | 0.00 | 135 |
2022-01-01 | $132,900 (92.8%) | $153,079 (12.5%) | 0.00 | 115 |
2022-02-01 | $107,500 (68.2%) | $145,211 (4.2%) | 0.00 | 74 |
2022-03-01 | $119,450 (99.4%) | $161,852 (17.5%) | 0.00 | 82 |
2022-04-01 | $111,250 (75.3%) | $163,836 (28.1%) | 0.00 | 91 |
2022-05-01 | $131,250 (95.9%) | $180,972 (37.0%) | 0.00 | 108 |
2022-06-01 | $128,900 (44.6%) | $192,920 (22.0%) | 0.00 | 133 |
2022-07-01 | $130,000 (12.2%) | $202,990 (16.7%) | 0.00 | 149 |
2022-08-01 | $135,000 (10.3%) | $202,583 (17.3%) | 0.00 | 157 |
2022-09-01 | $136,975 (9.7%) | $191,759 (15.4%) | 0.00 | 170 |
2022-10-01 | $165,375 (37.9%) | $195,021 (26.0%) | 0.00 | 182 |
2022-11-01 | $172,450 (39.4%) | $199,577 (29.7%) | 0.00 | 186 |
2022-12-01 | $174,250 (34.1%) | $198,491 (21.6%) | 0.00 | 152 |
2023-01-01 | $167,400 (26.0%) | $188,741 (23.3%) | 0.00 | 122 |
2023-02-01 | $149,500 (39.1%) | $191,549 (31.9%) | 0.00 | 103 |
2023-03-01 | $139,975 (17.2%) | $196,106 (21.2%) | 0.00 | 89 |
2023-04-01 | $134,950 (21.3%) | $196,927 (20.2%) | 0.00 | 91 |
2023-05-01 | $125,925 (-4.1%) | $192,490 (6.4%) | 0.00 | 94 |
2023-06-01 | $129,400 (0.4%) | $194,018 (0.6%) | 0.00 | 111 |
2023-07-01 | $134,900 (3.8%) | $186,569 (-8.1%) | 0.00 | 138 |
2023-08-01 | $152,500 (13.0%) | $200,226 (-1.2%) | 0.00 | 151 |
2023-09-01 | $154,950 (13.1%) | $189,193 (-1.3%) | 0.00 | 171 |
2023-10-01 | $152,450 (-7.8%) | $187,034 (-4.1%) | 0.00 | 182 |
2023-11-01 | $158,975 (-7.8%) | $188,300 (-5.7%) | 0.00 | 201 |
2023-12-01 | $152,450 (-12.5%) | $189,758 (-4.4%) | 0.00 | 218 |
2024-01-01 | $163,450 (-2.4%) | $199,008 (5.4%) | 0.00 | 200 |
2024-02-01 | $161,200 (7.8%) | $195,946 (2.3%) | 0.00 | 185 |
2024-03-01 | $163,450 (16.8%) | $193,472 (-1.3%) | 0.00 | 168 |
2024-04-01 | $148,550 (10.1%) | $187,516 (-4.8%) | 0.00 | 151 |
2024-05-01 | $152,400 (21.0%) | $194,716 (1.2%) | 0.00 | 142 |
2024-06-01 | $169,500 (31.0%) | $208,155 (7.3%) | 0.00 | 152 |
2024-07-01 | $180,700 (34.0%) | $224,673 (20.4%) | 0.00 | 165 |
2024-08-01 | $177,000 (16.1%) | $230,829 (15.3%) | 0.00 | 174 |
2024-09-01 | $184,900 (19.3%) | $237,498 (25.5%) | 0.00 | 185 |
2024-10-01 | $160,375 (5.2%) | $207,655 (11.0%) | 0.00 | 217 |
Muncie's median listing price comes in at 0% of the national average.
Muncie's average listing price for 2024-10-01 was $207,655, a difference of $20,621 (11.0%) versus the prior year and $-29,843 versus the prior month.
For the 2024-10-01 period, Muncie had 217 MLS listings, a difference of 32 listings (17%) versus the prior month and 35 listings (19%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Muncie (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,522 sqft |
2018-02-01 | 0 days | 1,525 sqft |
2018-03-01 | 0 days | 1,537 sqft |
2018-04-01 | 0 days | 1,580 sqft |
2018-05-01 | 0 days | 1,735 sqft |
2018-06-01 | 0 days | 1,735 sqft |
2018-07-01 | 0 days | 1,722 sqft |
2018-08-01 | 0 days | 1,665 sqft |
2018-09-01 | 0 days | 1,609 sqft |
2018-10-01 | 0 days | 1,612 sqft |
2018-11-01 | 0 days | 1,612 sqft |
2018-12-01 | 0 days | 1,617 sqft |
2019-01-01 | 0 days | 1,527 sqft |
2019-02-01 | 0 days | 1,497 sqft |
2019-03-01 | 0 days | 1,492 sqft |
2019-04-01 | 0 days | 1,527 sqft |
2019-05-01 | 0 days | 1,547 sqft |
2019-06-01 | 0 days | 1,579 sqft |
2019-07-01 | 0 days | 1,611 sqft |
2019-08-01 | 0 days | 1,623 sqft |
2019-09-01 | 0 days | 1,616 sqft |
2019-10-01 | 0 days | 1,610 sqft |
2019-11-01 | 0 days | 1,599 sqft |
2019-12-01 | 0 days | 1,588 sqft |
2020-01-01 | 0 days | 1,569 sqft |
2020-02-01 | 0 days | 1,560 sqft |
2020-03-01 | 0 days | 1,487 sqft |
2020-04-01 | 0 days | 1,458 sqft |
2020-05-01 | 0 days | 1,464 sqft |
2020-06-01 | 0 days | 1,464 sqft |
2020-07-01 | 0 days | 1,584 sqft |
2020-08-01 | 0 days | 1,658 sqft |
2020-09-01 | 0 days | 1,617 sqft |
2020-10-01 | 0 days | 1,567 sqft |
2020-11-01 | 0 days | 1,503 sqft |
2020-12-01 | 0 days | 1,465 sqft |
2021-01-01 | 0 days | 1,407 sqft |
2021-02-01 | 0 days | 1,400 sqft |
2021-03-01 | 0 days | 1,298 sqft |
2021-04-01 | 0 days | 1,357 sqft |
2021-05-01 | 0 days | 1,393 sqft |
2021-06-01 | 0 days | 1,551 sqft |
2021-07-01 | 0 days | 1,632 sqft |
2021-08-01 | 0 days | 1,602 sqft |
2021-09-01 | 0 days | 1,604 sqft |
2021-10-01 | 0 days | 1,594 sqft |
2021-11-01 | 0 days | 1,581 sqft |
2021-12-01 | 0 days | 1,538 sqft |
2022-01-01 | 0 days | 1,584 sqft |
2022-02-01 | 0 days | 1,576 sqft |
2022-03-01 | 0 days | 1,603 sqft |
2022-04-01 | 0 days | 1,694 sqft |
2022-05-01 | 0 days | 1,756 sqft |
2022-06-01 | 0 days | 1,687 sqft |
2022-07-01 | 0 days | 1,680 sqft |
2022-08-01 | 0 days | 1,794 sqft |
2022-09-01 | 0 days | 1,761 sqft |
2022-10-01 | 0 days | 1,733 sqft |
2022-11-01 | 0 days | 1,771 sqft |
2022-12-01 | 0 days | 1,684 sqft |
2023-01-01 | 0 days | 1,609 sqft |
2023-02-01 | 0 days | 1,642 sqft |
2023-03-01 | 0 days | 1,609 sqft |
2023-04-01 | 0 days | 1,728 sqft |
2023-05-01 | 0 days | 1,588 sqft |
2023-06-01 | 0 days | 1,662 sqft |
2023-07-01 | 0 days | 1,580 sqft |
2023-08-01 | 0 days | 1,793 sqft |
2023-09-01 | 0 days | 1,758 sqft |
2023-10-01 | 0 days | 1,798 sqft |
2023-11-01 | 0 days | 1,742 sqft |
2023-12-01 | 0 days | 1,741 sqft |
2024-01-01 | 0 days | 1,802 sqft |
2024-02-01 | 0 days | 1,750 sqft |
2024-03-01 | 0 days | 1,695 sqft |
2024-04-01 | 0 days | 1,640 sqft |
2024-05-01 | 0 days | 1,709 sqft |
2024-06-01 | 0 days | 1,690 sqft |
2024-07-01 | 0 days | 1,780 sqft |
2024-08-01 | 0 days | 1,700 sqft |
2024-09-01 | 0 days | 1,712 sqft |
2024-10-01 | 0 days | 1,637 sqft |
Muncie's median square footage for active listings during the 2024-10-01 period was 1,637 sqft. One year prior, the average listing was 1,798 sqft.