Niles USDA Loan Rates, Closing Costs & Stats

NILES, MI

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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.

    Niles's 9 lenders originated 15 USDA loans during 2024. The total origination value was $3,025,000, with an average USDA loan value of $201,667.

    Niles USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Niles averaged 0.17% for the week of 2025-07-04, compared to the national average (all USDA variants) of 0% for the same period.

    Niles's average USDA mortgage closing costs are $5,384.

    The average rate for the prior week (2025-06-27) was 6.91% and one month ago for the week of 2025-05-30, the average rate was 6.99%.

    The average rate one year ago was 6.89%.

    For refis of the same type during the week of 2025-07-04, the average rate was 0%.

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

    Niles 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 Niles level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    UNION HOME MORTGAGE CORP. 4 7.09% $8,226
    RUOFF MORTGAGE COMPANY, INC. 2 7.00% $2,431
    Honor Credit Union 2 6.88% $4,615
    UNITED WHOLESALE MORTGAGE, LLC 2 5.83% $11,197
    SUCCESS MORTGAGE PARTNERS, INC. 1 7.13% $8,361
    LOANDEPOT.COM, LLC 1 8.25% $9,024
    CROSSCOUNTRY MORTGAGE, LLC 1 5.75% $10,306
    INSPIRE HOME LOANS INC. 1 5.88% $6,159
    AMERICAN FINANCIAL RESOURCES, INC. 1 6.25% $7,175

    The top Niles USDA lender as defined by loan originations is UNION HOME MORTGAGE CORP., with 4 USDA loans originated. Their average total fees are $8,226, which is $5,795 higher than the next largest lender, RUOFF MORTGAGE COMPANY, INC..

    The lowest fee Niles USDA lenders (with over 10 loans originated) are .

    The lowest rate Niles USDA lenders (with over 10 loans originated) are .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Niles (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 $267,000 (-16.3%) $466,576 (-11.3%) 0.99 688
    2018-02-01 $289,511 (-10.9%) $494,835 (-6.3%) 1.05 643
    2018-03-01 $299,000 (-15.0%) $502,497 (-7.6%) 1.05 644
    2018-04-01 $324,450 (-7.0%) $515,886 (-3.3%) 1.10 693
    2018-05-01 $326,000 (-0.4%) $514,292 (1.1%) 1.09 776
    2018-06-01 $329,900 (5.3%) $514,845 (6.6%) 1.10 847
    2018-07-01 $324,000 (8.4%) $499,901 (4.2%) 1.08 925
    2018-08-01 $310,000 (7.3%) $482,881 (0.8%) 1.04 989
    2018-09-01 $299,900 (6.6%) $502,463 (3.8%) 1.01 992
    2018-10-01 $301,200 (6.6%) $487,417 (0.5%) 1.02 969
    2018-11-01 $298,450 (3.3%) $479,032 (-2.0%) 1.01 890
    2018-12-01 $299,000 (10.8%) $477,520 (-0.6%) 1.03 765
    2019-01-01 $298,350 (11.7%) $468,938 (0.5%) 1.03 645
    2019-02-01 $314,490 (8.6%) $495,673 (0.2%) 1.06 615
    2019-03-01 $332,929 (11.4%) $513,891 (2.3%) 1.09 645
    2019-04-01 $346,250 (6.7%) $517,617 (0.3%) 1.10 684
    2019-05-01 $347,175 (6.5%) $520,388 (1.2%) 1.09 739
    2019-06-01 $334,900 (1.5%) $510,413 (-0.9%) 1.05 829
    2019-07-01 $331,450 (2.3%) $519,445 (3.9%) 1.04 879
    2019-08-01 $327,109 (5.5%) $508,328 (5.3%) 1.04 896
    2019-09-01 $316,923 (5.7%) $495,389 (-1.4%) 1.01 912
    2019-10-01 $310,357 (3.0%) $484,982 (-0.5%) 1.00 916
    2019-11-01 $315,000 (5.6%) $481,930 (0.6%) 1.03 820
    2019-12-01 $299,900 (0.3%) $453,263 (-5.1%) 1.00 701
    2020-01-01 $294,925 (-1.2%) $442,728 (-5.6%) 0.99 614
    2020-02-01 $295,000 (-6.2%) $446,369 (-10.0%) 0.97 616
    2020-03-01 $327,000 (-1.8%) $470,157 (-8.5%) 1.03 603
    2020-04-01 $338,400 (-2.3%) $510,745 (-1.3%) 1.06 586
    2020-05-01 $339,000 (-2.4%) $501,727 (-3.6%) 1.03 639
    2020-06-01 $355,725 (6.2%) $531,435 (4.1%) 1.05 629
    2020-07-01 $356,850 (7.7%) $529,699 (2.0%) 1.03 593
    2020-08-01 $358,875 (9.7%) $540,235 (6.3%) 1.03 514
    2020-09-01 $341,600 (7.8%) $537,415 (8.5%) 0.98 468
    2020-10-01 $357,325 (15.1%) $594,778 (22.6%) 1.02 408
    2020-11-01 $349,950 (11.1%) $616,599 (27.9%) 1.02 377
    2020-12-01 $349,950 (16.7%) $623,907 (37.7%) 1.04 338
    2021-01-01 $341,950 (15.9%) $646,698 (46.1%) 1.02 280
    2021-02-01 $358,900 (21.7%) $734,365 (64.5%) 1.04 213
    2021-03-01 $351,225 (7.4%) $792,731 (68.6%) 1.00 217
    2021-04-01 $425,700 (25.8%) $820,705 (60.7%) 1.15 215
    2021-05-01 $406,950 (20.0%) $772,468 (54.0%) 1.08 234
    2021-06-01 $397,125 (11.6%) $762,335 (43.5%) 1.05 289
    2021-07-01 $350,000 (-1.9%) $672,401 (26.9%) 0.92 332
    2021-08-01 $348,500 (-2.9%) $642,395 (18.9%) 0.93 360
    2021-09-01 $340,875 (-0.2%) $613,274 (14.1%) 0.91 364
    2021-10-01 $332,450 (-7.0%) $618,682 (4.0%) 0.89 311
    2021-11-01 $339,900 (-2.9%) $640,753 (3.9%) 0.91 288
    2021-12-01 $338,900 (-3.2%) $663,708 (6.4%) 0.92 226
    2022-01-01 $322,400 (-5.7%) $666,659 (3.1%) 0.87 198
    2022-02-01 $348,725 (-2.8%) $713,560 (-2.8%) 0.91 188
    2022-03-01 $384,500 (9.5%) $746,748 (-5.8%) 0.96 184
    2022-04-01 $399,000 (-6.3%) $772,145 (-5.9%) 0.95 198
    2022-05-01 $419,975 (3.2%) $775,776 (0.4%) 0.96 242
    2022-06-01 $399,225 (0.5%) $732,590 (-3.9%) 0.89 302
    2022-07-01 $395,000 (12.9%) $682,874 (1.6%) 0.89 367
    2022-08-01 $374,975 (7.6%) $668,499 (4.1%) 0.87 393
    2022-09-01 $362,719 (6.4%) $643,521 (4.9%) 0.85 403
    2022-10-01 $380,000 (14.3%) $675,027 (9.1%) 0.89 401
    2022-11-01 $357,475 (5.2%) $654,569 (2.2%) 0.86 384
    2022-12-01 $339,977 (0.3%) $648,901 (-2.2%) 0.84 339
    2023-01-01 $315,000 (-2.3%) $653,406 (-2.0%) 0.78 293
    2023-02-01 $339,425 (-2.7%) $648,371 (-9.1%) 0.82 271
    2023-03-01 $345,688 (-10.1%) $643,270 (-13.9%) 0.82 270
    2023-04-01 $360,000 (-9.8%) $679,138 (-12.1%) 0.84 265
    2023-05-01 $418,500 (-0.4%) $740,451 (-4.6%) 0.95 263
    2023-06-01 $450,000 (12.7%) $776,170 (6.0%) 1.01 297
    2023-07-01 $400,000 (1.3%) $721,960 (5.7%) 0.91 327
    2023-08-01 $400,625 (6.8%) $706,425 (5.7%) 0.92 350
    2023-09-01 $364,950 (0.6%) $645,192 (0.3%) 0.85 361
    2023-10-01 $349,675 (-8.0%) $623,444 (-7.6%) 0.82 384
    2023-11-01 $346,175 (-3.2%) $627,977 (-4.1%) 0.82 363
    2023-12-01 $326,500 (-4.0%) $571,339 (-12.0%) 0.80 320
    2024-01-01 $308,675 (-2.0%) $553,718 (-15.3%) 0.75 288
    2024-02-01 $303,698 (-10.5%) $601,543 (-7.2%) 0.73 259
    2024-03-01 $325,000 (-6.0%) $650,526 (1.1%) 0.76 266
    2024-04-01 $343,750 (-4.5%) $675,059 (-0.6%) 0.80 288
    2024-05-01 $376,000 (-10.2%) $704,784 (-4.8%) 0.86 337
    2024-06-01 $379,900 (-15.6%) $696,207 (-10.3%) 0.86 386
    2024-07-01 $399,250 (-0.2%) $690,376 (-4.4%) 0.91 404
    2024-08-01 $379,000 (-5.4%) $665,592 (-5.8%) 0.88 457
    2024-09-01 $377,500 (3.4%) $681,303 (5.6%) 0.89 488
    2024-10-01 $396,500 (13.4%) $698,383 (12.0%) 0.93 492
    2024-11-01 $379,900 (9.7%) $672,491 (7.1%) 0.91 487
    2024-12-01 $369,350 (13.1%) $639,296 (11.9%) 0.92 401
    2025-01-01 $357,250 (15.7%) $638,321 (15.3%) 0.89 339
    2025-02-01 $359,925 (18.5%) $640,627 (6.5%) 0.87 335
    2025-03-01 $399,000 (22.8%) $723,024 (11.1%) 0.94 320
    2025-04-01 $442,225 (28.7%) $756,550 (12.1%) 1.03 354
    2025-05-01 $449,450 (19.5%) $753,853 (7.0%) 1.02 412
    Niles's median listing price for 2025-05-01 was $449,450, a difference of $73,450 (19.5%) versus the prior year and $7,225 versus the prior month.

    Niles's median listing price comes in at 102% of the national average.

    Niles's average listing price for 2025-05-01 was $753,853, a difference of $49,069 (7.0%) versus the prior year and $-2,697 versus the prior month.

    For the 2025-05-01 period, Niles had 412 MLS listings, a difference of 58 listings (16%) versus the prior month and 75 listings (22%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Niles (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 105 days 1,950 sqft
    2018-02-01 111 days 1,947 sqft
    2018-03-01 93 days 1,992 sqft
    2018-04-01 62 days 2,037 sqft
    2018-05-01 53 days 2,075 sqft
    2018-06-01 54 days 2,100 sqft
    2018-07-01 64 days 2,121 sqft
    2018-08-01 64 days 2,077 sqft
    2018-09-01 68 days 2,062 sqft
    2018-10-01 76 days 2,092 sqft
    2018-11-01 85 days 2,052 sqft
    2018-12-01 95 days 2,040 sqft
    2019-01-01 108 days 2,040 sqft
    2019-02-01 114 days 2,063 sqft
    2019-03-01 90 days 2,106 sqft
    2019-04-01 57 days 2,156 sqft
    2019-05-01 55 days 2,176 sqft
    2019-06-01 57 days 2,193 sqft
    2019-07-01 59 days 2,185 sqft
    2019-08-01 66 days 2,131 sqft
    2019-09-01 69 days 2,091 sqft
    2019-10-01 73 days 2,067 sqft
    2019-11-01 89 days 2,098 sqft
    2019-12-01 108 days 2,030 sqft
    2020-01-01 115 days 2,000 sqft
    2020-02-01 113 days 1,932 sqft
    2020-03-01 72 days 1,962 sqft
    2020-04-01 77 days 1,999 sqft
    2020-05-01 84 days 2,039 sqft
    2020-06-01 70 days 2,178 sqft
    2020-07-01 53 days 2,218 sqft
    2020-08-01 56 days 2,236 sqft
    2020-09-01 58 days 2,160 sqft
    2020-10-01 57 days 2,184 sqft
    2020-11-01 62 days 2,101 sqft
    2020-12-01 69 days 2,064 sqft
    2021-01-01 81 days 2,012 sqft
    2021-02-01 79 days 2,058 sqft
    2021-03-01 54 days 2,105 sqft
    2021-04-01 46 days 2,258 sqft
    2021-05-01 45 days 2,201 sqft
    2021-06-01 35 days 2,141 sqft
    2021-07-01 42 days 2,004 sqft
    2021-08-01 43 days 1,943 sqft
    2021-09-01 46 days 1,887 sqft
    2021-10-01 54 days 1,883 sqft
    2021-11-01 57 days 1,892 sqft
    2021-12-01 66 days 1,823 sqft
    2022-01-01 72 days 1,808 sqft
    2022-02-01 61 days 1,807 sqft
    2022-03-01 47 days 1,881 sqft
    2022-04-01 39 days 1,917 sqft
    2022-05-01 34 days 1,953 sqft
    2022-06-01 33 days 1,918 sqft
    2022-07-01 42 days 1,942 sqft
    2022-08-01 47 days 1,959 sqft
    2022-09-01 45 days 1,975 sqft
    2022-10-01 49 days 1,935 sqft
    2022-11-01 60 days 1,943 sqft
    2022-12-01 72 days 1,908 sqft
    2023-01-01 83 days 1,848 sqft
    2023-02-01 89 days 1,833 sqft
    2023-03-01 74 days 1,833 sqft
    2023-04-01 51 days 1,846 sqft
    2023-05-01 38 days 1,951 sqft
    2023-06-01 42 days 2,080 sqft
    2023-07-01 44 days 2,038 sqft
    2023-08-01 47 days 2,028 sqft
    2023-09-01 48 days 2,014 sqft
    2023-10-01 51 days 1,919 sqft
    2023-11-01 53 days 1,841 sqft
    2023-12-01 64 days 1,800 sqft
    2024-01-01 77 days 1,748 sqft
    2024-02-01 69 days 1,745 sqft
    2024-03-01 50 days 1,800 sqft
    2024-04-01 45 days 1,841 sqft
    2024-05-01 40 days 1,923 sqft
    2024-06-01 43 days 1,971 sqft
    2024-07-01 51 days 1,947 sqft
    2024-08-01 45 days 1,920 sqft
    2024-09-01 48 days 1,946 sqft
    2024-10-01 53 days 1,989 sqft
    2024-11-01 61 days 2,026 sqft
    2024-12-01 74 days 1,913 sqft
    2025-01-01 81 days 1,910 sqft
    2025-02-01 85 days 1,924 sqft
    2025-03-01 61 days 1,896 sqft
    2025-04-01 43 days 1,962 sqft
    2025-05-01 44 days 1,949 sqft
    Niles's median listing age (time on market) for 2025-05-01 was 44 days. This is 9% longer than the same period one year ago.

    Niles's median square footage for active listings during the 2025-05-01 period was 1,949 sqft. One year prior, the average listing was 1,923 sqft.