North Vernon USDA Loan Rates, Closing Costs & Stats
North Vernon, 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.
North Vernon's 12 lenders originated 21 USDA loans during 2024. The total origination value was $3,915,000, with an average USDA loan value of $186,429.
North Vernon USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in North Vernon
averaged
0.54%
for the week of 2025-07-04, compared to the national average (all USDA variants) of
0% for the same period.
North Vernon's average USDA mortgage closing costs are $4,077.
The average rate for the prior week (2025-06-27) was
6.88% and
one month ago for the week of 2025-05-30, the
average rate was 6.86%.
The average rate one year ago was 7.16%.
For refis of the same type during the week of 2025-07-04, the average rate
was -0.1%.
North 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 North Vernon level.
| Name | # of Loans | 2024 Avg. 30yFix Rate | 2024 Avg. Closing Costs |
|---|---|---|---|
| GVC MORTGAGE, INC. | 7 | 6.71% | $6,464 |
| First Financial Bank | 2 | 6.31% | $5,171 |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | 2 | 7.44% | $7,195 |
| HALLMARK HOME MORTGAGE, LLC | 1 | 7.00% | $4,742 |
| INTERLINC MORTGAGE SERVICES, LLC | 1 | 7.25% | $4,811 |
| PENNYMAC LOAN SERVICES, LLC | 1 | 5.63% | $6,583 |
| STOCKTON MORTGAGE CORPORATION | 1 | 6.50% | $5,146 |
| UNITED WHOLESALE MORTGAGE, LLC | 1 | 6.63% | $4,806 |
| 1ST SIGNATURE LENDING, LLC | 1 | 7.13% | $5,589 |
| Wolfe Financial, Inc | 1 | 6.63% | $6,825 |
| CMG MORTGAGE, INC. | 1 | 6.88% | $8,385 |
| GENEVA FINANCIAL, LLC | 1 | 6.50% | $4,290 |
The top North Vernon USDA lender as defined by loan originations is GVC MORTGAGE, INC., with
7 USDA loans originated. Their average total fees are
$6,464, which is $1,293
higher than the next largest lender,
First Financial Bank.
The lowest fee North Vernon USDA lenders (with over 10 loans originated) are
.
The lowest rate North Vernon USDA lenders (with over 10 loans originated) are
.