New Castle USDA Loan Rates, Closing Costs & Stats

New Castle, IN

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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.

    New Castle's 20 lenders originated 49 USDA loans during 2024. The total origination value was $7,015,000, with an average USDA loan value of $143,163.

    New Castle USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in New Castle averaged 6.72% for the week of 2025-04-04, compared to the national average (all USDA variants) of 6.324% for the same period.

    New Castle's average USDA mortgage closing costs are $4,123.

    The average rate for the prior week (2025-03-28) was 6.68% and one month ago for the week of 2025-02-28, the average rate was 6.93%.

    The average rate one year ago was 7.19%.

    For refis of the same type during the week of 2025-04-04, the average rate was 6.47%.

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

    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.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    UNION HOME MORTGAGE CORP. 10 6.86% $5,345
    RUOFF MORTGAGE COMPANY, INC. 7 6.89% $1,899
    NEWREZ LLC 6 6.69% $4,495
    GVC MORTGAGE, INC. 5 6.63% $5,454
    American Mortgage Bank, LLC 2 6.94% $6,659
    PRIMELENDING, A PLAINSCAPITAL COMPANY 2 6.69% $4,487
    STOCKTON MORTGAGE CORPORATION 2 7.19% $4,183
    CALCON MUTUAL MORTGAGE LLC 2 6.50% $5,976
    MJW Financial LLC 1 7.13% $3,994
    MYCUMORTGAGE, LLC 1 6.25% $5,148
    Prosperity Home Mortgage, LLC 1 6.49% $4,307
    TOWNE MORTGAGE COMPANY 1 6.00% $7,605
    UNITED WHOLESALE MORTGAGE, LLC 1 6.74% $11,277
    CROSSCOUNTRY MORTGAGE, LLC 1 6.13% $5,739
    DAS Acquisition Company, LLC 1 6.75% $4,411
    DIRECT MORTGAGE LOANS, LLC 1 6.99% $10,389
    First Bank 1 6.13% $4,401
    Gateway First Bank 1 7.25% $4,814
    GENEVA FINANCIAL, LLC 1 6.63% $5,508
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 1 7.13% $4,439

    The top New Castle USDA lender as defined by loan originations is UNION HOME MORTGAGE CORP., with 10 USDA loans originated. Their average total fees are $5,345, which is $3,446 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. ($5,345), .

    The lowest rate New Castle USDA lenders (with over 10 loans originated) are UNION HOME MORTGAGE CORP. (6.86%), .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - New Castle (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 $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%) $138,432 (18.6%) 0.00 155
    2018-07-01 $84,975 (-3.3%) $130,427 (8.6%) 0.00 176
    2018-08-01 $91,900 (0.8%) $137,016 (10.2%) 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 (7.2%) 0.00 147
    2018-12-01 $74,900 (7.2%) $117,149 (10.5%) 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 (-16.8%) 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 (-19.1%) 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 $250,000 (0.4%) $241,716 (6.5%) 0.00 78
    2022-08-01 $231,225 (18.9%) $253,927 (17.2%) 0.00 83
    2022-09-01 $248,700 (21.3%) $254,906 (12.0%) 0.00 90
    2022-10-01 $235,000 (30.6%) $252,652 (20.7%) 0.00 91
    2022-11-01 $217,400 (25.1%) $247,231 (22.2%) 0.00 84
    2022-12-01 $250,000 (38.3%) $246,355 (16.1%) 0.00 72
    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 $290,999 (10.5%) $264,462 (6.5%) 0.00 64
    2023-07-01 $264,000 (5.6%) $254,487 (5.3%) 0.00 68
    2023-08-01 $224,675 (-2.8%) $248,708 (-2.1%) 0.00 85
    2023-09-01 $248,450 (-0.1%) $247,327 (-3.0%) 0.00 91
    2023-10-01 $242,475 (3.2%) $248,928 (-1.5%) 0.00 89
    2023-11-01 $260,975 (20.0%) $259,803 (5.1%) 0.00 99
    2023-12-01 $249,900 (0.0%) $266,781 (8.3%) 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 $309,158 (5.3%) $303,428 (9.6%) 0.00 69
    2024-06-01 $289,900 (-0.4%) $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
    2024-12-01 $207,000 (-17.2%) $240,177 (-10.0%) 0.00 104
    2025-01-01 $193,700 (-25.5%) $232,776 (-15.7%) 0.00 84
    2025-02-01 $199,400 (-29.2%) $233,621 (-18.2%) 0.00 82
    2025-03-01 $199,999 (-32.6%) $228,024 (-21.4%) 0.00 76
    New Castle's median listing price for 2025-03-01 was $199,999, a difference of $-96,847 (-32.6%) versus the prior year and $599 versus the prior month.

    New Castle's median listing price comes in at 0% of the national average.

    New Castle's average listing price for 2025-03-01 was $228,024, a difference of $-62,245 (-21.4%) versus the prior year and $-5,597 versus the prior month.

    For the 2025-03-01 period, New Castle had 76 MLS listings, a difference of -6 listings (-7%) versus the prior month and -8 listings (-10%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - New Castle (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,820 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 1,824 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 1,812 sqft
    2021-11-01 0 days 1,774 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 1,790 sqft
    2022-09-01 0 days 1,838 sqft
    2022-10-01 0 days 1,809 sqft
    2022-11-01 0 days 1,775 sqft
    2022-12-01 0 days 1,896 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 1,860 sqft
    2023-06-01 0 days 1,856 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 2,131 sqft
    2024-06-01 0 days 2,158 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
    2024-12-01 0 days 1,747 sqft
    2025-01-01 0 days 1,744 sqft
    2025-02-01 0 days 1,747 sqft
    2025-03-01 0 days 1,775 sqft
    New Castle's median listing age (time on market) for 2025-03-01 was 0 days.

    New Castle's median square footage for active listings during the 2025-03-01 period was 1,775 sqft. One year prior, the average listing was 2,100 sqft.