New Castle USDA Loan Rates, Closing Costs & Stats
New Castle, 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.
New Castle's 23 lenders originated 55 USDA loans during 2023. The total origination value was $7,335,000, with an average USDA loan value of $133,364.
New Castle USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in New Castle
averaged
6.83%
for the week of 2024-12-06, compared to the national average (all USDA variants) of
6.328% for the same period.
New Castle's average USDA mortgage closing costs are $4,068.
The average rate for the prior week (2024-11-29) was
6.91% and
one month ago for the week of 2024-11-01, the
average rate was 6.95%.
The average rate one year ago was 7.17%.
For refis of the same type during the week of 2024-12-06, the average rate
was 6.23%.
New Castle 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 New Castle level.
The top New Castle USDA lender as defined by loan originations is UNION HOME MORTGAGE CORP., with
12 USDA loans originated. Their average total fees are
$6,392, which is $3,852
higher than the next largest lender,
RUOFF MORTGAGE COMPANY, INC..
The lowest fee New Castle USDA lenders (with over 10 loans originated) are
UNION HOME MORTGAGE CORP. ($6,392), .
The lowest rate New Castle USDA lenders (with over 10 loans originated) are
UNION HOME MORTGAGE CORP. (6.85%), .
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - New Castle (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 | $70,650 (1.0%) | $102,083 (0.5%) | 0.00 | 156 |
2018-02-01 | $76,150 (13.7%) | $100,343 (6.8%) | 0.00 | 156 |
2018-03-01 | $79,000 (13.8%) | $108,225 (12.2%) | 0.00 | 156 |
2018-04-01 | $72,925 (2.4%) | $115,215 (19.3%) | 0.00 | 133 |
2018-05-01 | $69,900 (-6.7%) | $111,794 (8.2%) | 0.00 | 141 |
2018-06-01 | $75,000 (-6.1%) | $137,448 (17.8%) | 0.00 | 154 |
2018-07-01 | $84,975 (-3.3%) | $130,427 (8.6%) | 0.00 | 176 |
2018-08-01 | $91,900 (0.8%) | $136,438 (9.8%) | 0.00 | 165 |
2018-09-01 | $94,633 (5.3%) | $137,177 (7.8%) | 0.00 | 171 |
2018-10-01 | $91,767 (10.4%) | $137,388 (13.1%) | 0.00 | 155 |
2018-11-01 | $78,342 (-4.7%) | $129,009 (7.0%) | 0.00 | 147 |
2018-12-01 | $74,900 (7.2%) | $117,149 (10.0%) | 0.00 | 140 |
2019-01-01 | $79,900 (13.1%) | $121,369 (18.9%) | 0.00 | 129 |
2019-02-01 | $83,200 (9.3%) | $116,825 (16.4%) | 0.00 | 133 |
2019-03-01 | $73,571 (-6.9%) | $109,341 (1.0%) | 0.00 | 132 |
2019-04-01 | $73,071 (0.2%) | $112,613 (-2.3%) | 0.00 | 130 |
2019-05-01 | $80,400 (15.0%) | $119,577 (7.0%) | 0.00 | 120 |
2019-06-01 | $77,900 (3.9%) | $115,126 (-16.2%) | 0.00 | 119 |
2019-07-01 | $69,900 (-17.7%) | $106,886 (-18.1%) | 0.00 | 123 |
2019-08-01 | $75,109 (-18.3%) | $110,817 (-18.8%) | 0.00 | 131 |
2019-09-01 | $82,923 (-12.4%) | $117,119 (-14.6%) | 0.00 | 141 |
2019-10-01 | $89,000 (-3.0%) | $122,928 (-10.5%) | 0.00 | 152 |
2019-11-01 | $89,000 (13.6%) | $125,946 (-2.4%) | 0.00 | 164 |
2019-12-01 | $89,225 (19.1%) | $126,367 (7.9%) | 0.00 | 150 |
2020-01-01 | $89,900 (12.5%) | $126,654 (4.4%) | 0.00 | 139 |
2020-02-01 | $79,990 (-3.9%) | $119,932 (2.7%) | 0.00 | 119 |
2020-03-01 | $85,000 (15.5%) | $128,391 (17.4%) | 0.00 | 101 |
2020-04-01 | $75,175 (2.9%) | $116,564 (3.5%) | 0.00 | 86 |
2020-05-01 | $79,745 (-0.8%) | $128,934 (7.8%) | 0.00 | 67 |
2020-06-01 | $93,600 (20.2%) | $131,312 (14.1%) | 0.00 | 55 |
2020-07-01 | $98,800 (41.3%) | $151,046 (41.3%) | 0.00 | 62 |
2020-08-01 | $79,990 (6.5%) | $141,502 (27.7%) | 0.00 | 54 |
2020-09-01 | $107,175 (29.3%) | $134,947 (15.2%) | 0.00 | 57 |
2020-10-01 | $85,000 (-4.5%) | $125,129 (1.8%) | 0.00 | 79 |
2020-11-01 | $89,400 (0.5%) | $120,902 (-4.0%) | 0.00 | 75 |
2020-12-01 | $87,150 (-2.3%) | $114,108 (-9.7%) | 0.00 | 73 |
2021-01-01 | $79,000 (-12.1%) | $115,692 (-8.7%) | 0.00 | 73 |
2021-02-01 | $82,175 (2.7%) | $117,137 (-2.3%) | 0.00 | 63 |
2021-03-01 | $212,470 (150.0%) | $188,787 (47.0%) | 0.00 | 68 |
2021-04-01 | $224,420 (198.5%) | $206,296 (77.0%) | 0.00 | 66 |
2021-05-01 | $239,990 (201.0%) | $226,376 (75.6%) | 0.00 | 59 |
2021-06-01 | $247,648 (164.6%) | $220,794 (68.1%) | 0.00 | 65 |
2021-07-01 | $248,990 (152.0%) | $226,958 (50.3%) | 0.00 | 70 |
2021-08-01 | $194,450 (143.1%) | $216,598 (53.1%) | 0.00 | 88 |
2021-09-01 | $205,000 (91.3%) | $227,684 (68.7%) | 0.00 | 90 |
2021-10-01 | $179,900 (111.7%) | $209,378 (67.3%) | 0.00 | 101 |
2021-11-01 | $173,723 (94.3%) | $202,331 (67.4%) | 0.00 | 97 |
2021-12-01 | $180,725 (107.4%) | $212,164 (85.9%) | 0.00 | 85 |
2022-01-01 | $154,950 (96.1%) | $205,699 (77.8%) | 0.00 | 73 |
2022-02-01 | $163,725 (99.2%) | $217,369 (85.6%) | 0.00 | 65 |
2022-03-01 | $209,725 (-1.3%) | $222,455 (17.8%) | 0.00 | 63 |
2022-04-01 | $220,000 (-2.0%) | $241,417 (17.0%) | 0.00 | 63 |
2022-05-01 | $301,500 (25.6%) | $254,786 (12.6%) | 0.00 | 64 |
2022-06-01 | $263,409 (6.4%) | $248,332 (12.5%) | 0.00 | 71 |
2022-07-01 | $239,900 (-3.7%) | $241,066 (6.2%) | 0.00 | 78 |
2022-08-01 | $220,000 (13.1%) | $247,444 (14.2%) | 0.00 | 82 |
2022-09-01 | $243,675 (18.9%) | $249,208 (9.5%) | 0.00 | 89 |
2022-10-01 | $220,450 (22.5%) | $246,148 (17.6%) | 0.00 | 90 |
2022-11-01 | $213,700 (23.0%) | $240,734 (19.0%) | 0.00 | 83 |
2022-12-01 | $250,000 (38.3%) | $241,811 (14.0%) | 0.00 | 71 |
2023-01-01 | $236,725 (52.8%) | $723,315 (251.6%) | 0.00 | 68 |
2023-02-01 | $236,725 (44.6%) | $253,183 (16.5%) | 0.00 | 66 |
2023-03-01 | $239,675 (14.3%) | $258,082 (16.0%) | 0.00 | 70 |
2023-04-01 | $257,450 (17.0%) | $257,402 (6.6%) | 0.00 | 59 |
2023-05-01 | $293,650 (-2.6%) | $276,840 (8.7%) | 0.00 | 67 |
2023-06-01 | $291,974 (10.8%) | $264,487 (6.5%) | 0.00 | 64 |
2023-07-01 | $264,000 (10.1%) | $254,487 (5.6%) | 0.00 | 68 |
2023-08-01 | $224,675 (2.1%) | $248,708 (0.5%) | 0.00 | 85 |
2023-09-01 | $248,450 (2.0%) | $247,327 (-0.8%) | 0.00 | 91 |
2023-10-01 | $242,475 (10.0%) | $248,928 (1.1%) | 0.00 | 89 |
2023-11-01 | $260,975 (22.1%) | $259,803 (7.9%) | 0.00 | 99 |
2023-12-01 | $249,900 (0.0%) | $266,781 (10.3%) | 0.00 | 107 |
2024-01-01 | $259,900 (9.8%) | $276,170 (-61.8%) | 0.00 | 99 |
2024-02-01 | $281,800 (19.0%) | $285,722 (12.9%) | 0.00 | 97 |
2024-03-01 | $296,846 (23.9%) | $290,269 (12.5%) | 0.00 | 84 |
2024-04-01 | $305,873 (18.8%) | $301,938 (17.3%) | 0.00 | 74 |
2024-05-01 | $311,633 (6.1%) | $304,550 (10.0%) | 0.00 | 69 |
2024-06-01 | $289,900 (-0.7%) | $295,045 (11.6%) | 0.00 | 78 |
2024-07-01 | $262,025 (-0.8%) | $286,371 (12.5%) | 0.00 | 87 |
2024-08-01 | $239,900 (6.8%) | $279,483 (12.4%) | 0.00 | 106 |
2024-09-01 | $232,450 (-6.4%) | $278,583 (12.6%) | 0.00 | 110 |
2024-10-01 | $229,900 (-5.2%) | $267,017 (7.3%) | 0.00 | 118 |
2024-11-01 | $197,900 (-24.2%) | $237,599 (-8.6%) | 0.00 | 118 |
New Castle's median listing price comes in at 0% of the national average.
New Castle's average listing price for 2024-11-01 was $237,599, a difference of $-22,204 (-8.6%) versus the prior year and $-29,418 versus the prior month.
For the 2024-11-01 period, New Castle had 118 MLS listings, a difference of 0 listings (0%) versus the prior month and 19 listings (19%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - New Castle (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,817 sqft |
2018-02-01 | 0 days | 1,755 sqft |
2018-03-01 | 0 days | 1,757 sqft |
2018-04-01 | 0 days | 1,723 sqft |
2018-05-01 | 0 days | 1,754 sqft |
2018-06-01 | 0 days | 1,823 sqft |
2018-07-01 | 0 days | 1,898 sqft |
2018-08-01 | 0 days | 1,923 sqft |
2018-09-01 | 0 days | 1,970 sqft |
2018-10-01 | 0 days | 1,900 sqft |
2018-11-01 | 0 days | 1,873 sqft |
2018-12-01 | 0 days | 1,866 sqft |
2019-01-01 | 0 days | 1,802 sqft |
2019-02-01 | 0 days | 1,730 sqft |
2019-03-01 | 0 days | 1,668 sqft |
2019-04-01 | 0 days | 1,648 sqft |
2019-05-01 | 0 days | 1,617 sqft |
2019-06-01 | 0 days | 1,659 sqft |
2019-07-01 | 0 days | 1,561 sqft |
2019-08-01 | 0 days | 1,638 sqft |
2019-09-01 | 0 days | 1,614 sqft |
2019-10-01 | 0 days | 1,604 sqft |
2019-11-01 | 0 days | 1,648 sqft |
2019-12-01 | 0 days | 1,643 sqft |
2020-01-01 | 0 days | 1,625 sqft |
2020-02-01 | 0 days | 1,652 sqft |
2020-03-01 | 0 days | 1,655 sqft |
2020-04-01 | 0 days | 1,674 sqft |
2020-05-01 | 0 days | 1,810 sqft |
2020-06-01 | 0 days | 1,920 sqft |
2020-07-01 | 0 days | 2,046 sqft |
2020-08-01 | 0 days | 1,987 sqft |
2020-09-01 | 0 days | 1,979 sqft |
2020-10-01 | 0 days | 1,632 sqft |
2020-11-01 | 0 days | 1,607 sqft |
2020-12-01 | 0 days | 1,603 sqft |
2021-01-01 | 0 days | 1,582 sqft |
2021-02-01 | 0 days | 1,594 sqft |
2021-03-01 | 0 days | 1,752 sqft |
2021-04-01 | 0 days | 1,761 sqft |
2021-05-01 | 0 days | 1,761 sqft |
2021-06-01 | 0 days | 1,775 sqft |
2021-07-01 | 0 days | 1,842 sqft |
2021-08-01 | 0 days | 1,973 sqft |
2021-09-01 | 0 days | 1,830 sqft |
2021-10-01 | 0 days | 1,817 sqft |
2021-11-01 | 0 days | 1,783 sqft |
2021-12-01 | 0 days | 1,775 sqft |
2022-01-01 | 0 days | 1,775 sqft |
2022-02-01 | 0 days | 1,775 sqft |
2022-03-01 | 0 days | 1,815 sqft |
2022-04-01 | 0 days | 1,775 sqft |
2022-05-01 | 0 days | 2,051 sqft |
2022-06-01 | 0 days | 1,906 sqft |
2022-07-01 | 0 days | 1,944 sqft |
2022-08-01 | 0 days | 1,775 sqft |
2022-09-01 | 0 days | 1,831 sqft |
2022-10-01 | 0 days | 1,775 sqft |
2022-11-01 | 0 days | 1,775 sqft |
2022-12-01 | 0 days | 1,869 sqft |
2023-01-01 | 0 days | 1,775 sqft |
2023-02-01 | 0 days | 1,785 sqft |
2023-03-01 | 0 days | 1,876 sqft |
2023-04-01 | 0 days | 1,775 sqft |
2023-05-01 | 0 days | 1,882 sqft |
2023-06-01 | 0 days | 1,888 sqft |
2023-07-01 | 0 days | 1,775 sqft |
2023-08-01 | 0 days | 1,775 sqft |
2023-09-01 | 0 days | 1,792 sqft |
2023-10-01 | 0 days | 1,812 sqft |
2023-11-01 | 0 days | 1,862 sqft |
2023-12-01 | 0 days | 1,880 sqft |
2024-01-01 | 0 days | 1,935 sqft |
2024-02-01 | 0 days | 2,074 sqft |
2024-03-01 | 0 days | 2,100 sqft |
2024-04-01 | 0 days | 2,120 sqft |
2024-05-01 | 0 days | 2,155 sqft |
2024-06-01 | 0 days | 2,170 sqft |
2024-07-01 | 0 days | 1,936 sqft |
2024-08-01 | 0 days | 1,850 sqft |
2024-09-01 | 0 days | 1,858 sqft |
2024-10-01 | 0 days | 1,884 sqft |
2024-11-01 | 0 days | 1,794 sqft |
New Castle's median square footage for active listings during the 2024-11-01 period was 1,794 sqft. One year prior, the average listing was 1,862 sqft.