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 14 lenders originated 20 USDA loans during 2023. The total origination value was $3,620,000, with an average USDA loan value of $181,000.
North Vernon USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in North Vernon
averaged
0.29%
for the week of 2024-11-29, compared to the national average (all USDA variants) of
0% for the same period.
North Vernon's average USDA mortgage closing costs are $3,924.
The average rate for the prior week (2024-11-22) was
6.9% and
one month ago for the week of 2024-10-25, the
average rate was 6.3%.
The average rate one year ago was 7.5%.
For refis of the same type during the week of 2024-11-29, the average rate
was -0.2%.
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 | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
---|---|---|---|
Wolfe Financial, Inc | 4 | 7.19% | $7,390 |
DIRECT MORTGAGE LOANS, LLC | 3 | 6.17% | $8,583 |
HALLMARK HOME MORTGAGE, LLC | 2 | 7.00% | $8,122 |
CROSSCOUNTRY MORTGAGE, LLC | 1 | 5.75% | $4,932 |
FAIRWAY INDEPENDENT MORTGAGE CORPORATION | 1 | 7.25% | $6,901 |
First Financial Bank | 1 | 6.75% | $4,940 |
German American Bank | 1 | 6.25% | $3,224 |
Blue Ridge Bank | 1 | 6.99% | $4,659 |
Jackson County Bank | 1 | 6.25% | $5,121 |
MJW Financial LLC | 1 | 6.63% | $5,195 |
Mortgage Research Center, LLC | 1 | 6.75% | $2,072 |
UNITED WHOLESALE MORTGAGE, LLC | 1 | 6.00% | $4,297 |
Willamette Valley Bank | 1 | 7.25% | $7,066 |
Century Mortgage Company DBA Century Lending Company | 1 | 6.13% | $5,283 |
The top North Vernon USDA lender as defined by loan originations is Wolfe Financial, Inc, with
4 USDA loans originated. Their average total fees are
$7,390, which is $1,193
lower than the next largest lender,
DIRECT MORTGAGE LOANS, LLC.
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
.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - North Vernon (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 | $99,475 (7.0%) | $116,076 (-9.7%) | 0.00 | 37 |
2018-02-01 | $99,900 (11.4%) | $120,717 (-0.3%) | 0.00 | 35 |
2018-03-01 | $104,750 (23.4%) | $122,652 (3.1%) | 0.00 | 34 |
2018-04-01 | $104,550 (24.1%) | $127,434 (5.0%) | 0.00 | 35 |
2018-05-01 | $109,950 (31.3%) | $131,320 (6.3%) | 0.00 | 42 |
2018-06-01 | $129,900 (46.0%) | $140,812 (6.0%) | 0.00 | 43 |
2018-07-01 | $116,750 (23.0%) | $139,819 (9.3%) | 0.00 | 39 |
2018-08-01 | $119,825 (21.1%) | $136,117 (3.5%) | 0.00 | 43 |
2018-09-01 | $124,700 (26.1%) | $146,158 (13.2%) | 0.00 | 46 |
2018-10-01 | $123,250 (25.5%) | $146,607 (19.2%) | 0.00 | 46 |
2018-11-01 | $124,700 (30.3%) | $150,319 (24.4%) | 0.00 | 41 |
2018-12-01 | $132,200 (33.6%) | $154,611 (21.4%) | 0.00 | 35 |
2019-01-01 | $142,175 (42.9%) | $165,532 (42.6%) | 0.00 | 32 |
2019-02-01 | $141,150 (41.3%) | $173,291 (43.6%) | 0.00 | 31 |
2019-03-01 | $133,850 (27.8%) | $168,606 (37.5%) | 0.00 | 34 |
2019-04-01 | $132,400 (26.6%) | $162,763 (27.7%) | 0.00 | 40 |
2019-05-01 | $138,975 (26.4%) | $160,922 (22.5%) | 0.00 | 47 |
2019-06-01 | $156,950 (20.8%) | $159,231 (13.1%) | 0.00 | 49 |
2019-07-01 | $143,475 (22.9%) | $168,686 (20.7%) | 0.00 | 46 |
2019-08-01 | $158,991 (32.7%) | $170,465 (25.2%) | 0.00 | 52 |
2019-09-01 | $142,627 (14.4%) | $165,054 (12.9%) | 0.00 | 59 |
2019-10-01 | $134,193 (8.9%) | $166,493 (13.6%) | 0.00 | 59 |
2019-11-01 | $139,900 (12.2%) | $173,619 (15.5%) | 0.00 | 46 |
2019-12-01 | $152,425 (15.3%) | $176,329 (14.1%) | 0.00 | 43 |
2020-01-01 | $129,675 (-8.8%) | $169,788 (2.6%) | 0.00 | 39 |
2020-02-01 | $151,000 (7.0%) | $177,271 (2.3%) | 0.00 | 34 |
2020-03-01 | $126,125 (-5.8%) | $160,706 (-4.7%) | 0.00 | 34 |
2020-04-01 | $133,650 (0.9%) | $167,374 (2.8%) | 0.00 | 31 |
2020-05-01 | $129,900 (-6.5%) | $179,962 (11.8%) | 0.00 | 23 |
2020-06-01 | $122,925 (-21.7%) | $184,393 (15.8%) | 0.00 | 24 |
2020-07-01 | $166,400 (16.0%) | $259,758 (54.0%) | 0.00 | 22 |
2020-08-01 | $169,000 (6.3%) | $256,975 (50.8%) | 0.00 | 24 |
2020-09-01 | $171,425 (20.2%) | $258,183 (56.4%) | 0.00 | 28 |
2020-10-01 | $194,900 (45.2%) | $251,651 (51.2%) | 0.00 | 29 |
2020-11-01 | $194,900 (39.3%) | $199,104 (14.7%) | 0.00 | 30 |
2020-12-01 | $168,000 (10.2%) | $182,725 (3.6%) | 0.00 | 27 |
2021-01-01 | $160,000 (23.4%) | $183,627 (8.2%) | 0.00 | 25 |
2021-02-01 | $139,325 (-7.7%) | $167,849 (-5.3%) | 0.00 | 21 |
2021-03-01 | $159,875 (26.8%) | $173,987 (8.3%) | 0.00 | 17 |
2021-04-01 | $134,750 (0.8%) | $162,219 (-3.1%) | 0.00 | 16 |
2021-05-01 | $126,250 (-2.8%) | $161,345 (-10.3%) | 0.00 | 15 |
2021-06-01 | $145,350 (18.2%) | $186,956 (1.4%) | 0.00 | 15 |
2021-07-01 | $162,500 (-2.3%) | $215,306 (-17.1%) | 0.00 | 15 |
2021-08-01 | $184,950 (9.4%) | $231,614 (-9.9%) | 0.00 | 22 |
2021-09-01 | $177,400 (3.5%) | $220,158 (-14.7%) | 0.00 | 27 |
2021-10-01 | $169,900 (-12.8%) | $201,439 (-20.0%) | 0.00 | 25 |
2021-11-01 | $148,150 (-24.0%) | $189,139 (-5.0%) | 0.00 | 27 |
2021-12-01 | $154,900 (-7.8%) | $193,599 (6.0%) | 0.00 | 25 |
2022-01-01 | $179,900 (12.4%) | $187,615 (2.2%) | 0.00 | 22 |
2022-02-01 | $169,900 (22.0%) | $205,140 (22.2%) | 0.00 | 18 |
2022-03-01 | $156,400 (-2.2%) | $201,808 (16.0%) | 0.00 | 14 |
2022-04-01 | $124,900 (-7.3%) | $165,017 (1.7%) | 0.00 | 13 |
2022-05-01 | $203,725 (61.4%) | $215,940 (33.8%) | 0.00 | 15 |
2022-06-01 | $239,000 (64.4%) | $241,448 (29.2%) | 0.00 | 22 |
2022-07-01 | $229,900 (41.5%) | $245,678 (14.1%) | 0.00 | 27 |
2022-08-01 | $238,150 (28.8%) | $276,409 (19.3%) | 0.00 | 30 |
2022-09-01 | $266,213 (50.1%) | $285,980 (29.9%) | 0.00 | 29 |
2022-10-01 | $259,900 (53.0%) | $267,766 (32.9%) | 0.00 | 28 |
2022-11-01 | $247,450 (67.0%) | $295,014 (56.0%) | 0.00 | 27 |
2022-12-01 | $247,500 (59.8%) | $303,207 (56.6%) | 0.00 | 22 |
2023-01-01 | $200,000 (11.2%) | $265,360 (41.4%) | 0.00 | 22 |
2023-02-01 | $205,000 (20.7%) | $269,435 (31.3%) | 0.00 | 18 |
2023-03-01 | $207,400 (32.6%) | $277,088 (37.3%) | 0.00 | 15 |
2023-04-01 | $207,450 (66.1%) | $286,561 (73.7%) | 0.00 | 13 |
2023-05-01 | $206,225 (1.2%) | $253,220 (17.3%) | 0.00 | 20 |
2023-06-01 | $189,925 (-20.5%) | $229,736 (-4.9%) | 0.00 | 21 |
2023-07-01 | $179,900 (-21.8%) | $225,915 (-8.0%) | 0.00 | 15 |
2023-08-01 | $189,950 (-20.2%) | $220,685 (-20.2%) | 0.00 | 21 |
2023-09-01 | $194,450 (-27.0%) | $236,824 (-17.2%) | 0.00 | 34 |
2023-10-01 | $194,950 (-25.0%) | $260,669 (-2.7%) | 0.00 | 42 |
2023-11-01 | $211,175 (-14.7%) | $279,947 (-5.1%) | 0.00 | 30 |
2023-12-01 | $219,900 (-11.2%) | $289,490 (-4.5%) | 0.00 | 35 |
2024-01-01 | $207,425 (3.7%) | $281,418 (6.1%) | 0.00 | 33 |
2024-02-01 | $235,500 (14.9%) | $290,174 (7.7%) | 0.00 | 31 |
2024-03-01 | $224,500 (8.2%) | $293,932 (6.1%) | 0.00 | 32 |
2024-04-01 | $259,150 (24.9%) | $310,639 (8.4%) | 0.00 | 25 |
2024-05-01 | $277,400 (34.5%) | $329,435 (30.1%) | 0.00 | 29 |
2024-06-01 | $274,900 (44.7%) | $332,197 (44.6%) | 0.00 | 38 |
2024-07-01 | $266,175 (48.0%) | $308,247 (36.4%) | 0.00 | 45 |
2024-08-01 | $254,900 (34.2%) | $264,727 (20.0%) | 0.00 | 43 |
2024-09-01 | $226,700 (16.6%) | $250,357 (5.7%) | 0.00 | 42 |
2024-10-01 | $258,025 (32.4%) | $264,680 (1.5%) | 0.00 | 50 |
North Vernon's median listing price comes in at 0% of the national average.
North Vernon's average listing price for 2024-10-01 was $264,680, a difference of $4,011 (1.5%) versus the prior year and $14,323 versus the prior month.
For the 2024-10-01 period, North Vernon had 50 MLS listings, a difference of 8 listings (19%) versus the prior month and 8 listings (19%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - North Vernon (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,873 sqft |
2018-02-01 | 0 days | 1,898 sqft |
2018-03-01 | 0 days | 1,944 sqft |
2018-04-01 | 0 days | 1,752 sqft |
2018-05-01 | 0 days | 1,754 sqft |
2018-06-01 | 0 days | 1,782 sqft |
2018-07-01 | 0 days | 1,852 sqft |
2018-08-01 | 0 days | 1,886 sqft |
2018-09-01 | 0 days | 1,863 sqft |
2018-10-01 | 0 days | 1,770 sqft |
2018-11-01 | 0 days | 1,803 sqft |
2018-12-01 | 0 days | 1,896 sqft |
2019-01-01 | 0 days | 1,957 sqft |
2019-02-01 | 0 days | 1,892 sqft |
2019-03-01 | 0 days | 1,915 sqft |
2019-04-01 | 0 days | 1,941 sqft |
2019-05-01 | 0 days | 1,872 sqft |
2019-06-01 | 0 days | 1,886 sqft |
2019-07-01 | 0 days | 1,924 sqft |
2019-08-01 | 0 days | 1,925 sqft |
2019-09-01 | 0 days | 1,916 sqft |
2019-10-01 | 0 days | 1,904 sqft |
2019-11-01 | 0 days | 1,852 sqft |
2019-12-01 | 0 days | 1,920 sqft |
2020-01-01 | 0 days | 1,845 sqft |
2020-02-01 | 0 days | 1,884 sqft |
2020-03-01 | 0 days | 1,768 sqft |
2020-04-01 | 0 days | 1,732 sqft |
2020-05-01 | 0 days | 1,748 sqft |
2020-06-01 | 0 days | 1,841 sqft |
2020-07-01 | 0 days | 1,991 sqft |
2020-08-01 | 0 days | 1,903 sqft |
2020-09-01 | 0 days | 1,839 sqft |
2020-10-01 | 0 days | 1,840 sqft |
2020-11-01 | 0 days | 1,755 sqft |
2020-12-01 | 0 days | 1,829 sqft |
2021-01-01 | 0 days | 1,998 sqft |
2021-02-01 | 0 days | 1,967 sqft |
2021-03-01 | 0 days | 1,690 sqft |
2021-04-01 | 0 days | 1,736 sqft |
2021-05-01 | 0 days | 1,632 sqft |
2021-06-01 | 0 days | 1,685 sqft |
2021-07-01 | 0 days | 1,900 sqft |
2021-08-01 | 0 days | 1,804 sqft |
2021-09-01 | 0 days | 1,849 sqft |
2021-10-01 | 0 days | 1,702 sqft |
2021-11-01 | 0 days | 1,477 sqft |
2021-12-01 | 0 days | 1,536 sqft |
2022-01-01 | 0 days | 1,548 sqft |
2022-02-01 | 0 days | 1,561 sqft |
2022-03-01 | 0 days | 1,716 sqft |
2022-04-01 | 0 days | 1,554 sqft |
2022-05-01 | 0 days | 1,583 sqft |
2022-06-01 | 0 days | 1,741 sqft |
2022-07-01 | 0 days | 1,676 sqft |
2022-08-01 | 0 days | 1,866 sqft |
2022-09-01 | 0 days | 1,946 sqft |
2022-10-01 | 0 days | 1,833 sqft |
2022-11-01 | 0 days | 1,835 sqft |
2022-12-01 | 0 days | 1,812 sqft |
2023-01-01 | 0 days | 1,583 sqft |
2023-02-01 | 0 days | 1,518 sqft |
2023-03-01 | 0 days | 1,500 sqft |
2023-04-01 | 0 days | 1,628 sqft |
2023-05-01 | 0 days | 1,549 sqft |
2023-06-01 | 0 days | 1,507 sqft |
2023-07-01 | 0 days | 1,506 sqft |
2023-08-01 | 0 days | 1,520 sqft |
2023-09-01 | 0 days | 1,486 sqft |
2023-10-01 | 0 days | 1,496 sqft |
2023-11-01 | 0 days | 1,622 sqft |
2023-12-01 | 0 days | 1,792 sqft |
2024-01-01 | 0 days | 1,897 sqft |
2024-02-01 | 0 days | 2,221 sqft |
2024-03-01 | 0 days | 1,836 sqft |
2024-04-01 | 0 days | 2,093 sqft |
2024-05-01 | 0 days | 2,157 sqft |
2024-06-01 | 0 days | 2,218 sqft |
2024-07-01 | 0 days | 1,753 sqft |
2024-08-01 | 0 days | 1,582 sqft |
2024-09-01 | 0 days | 1,551 sqft |
2024-10-01 | 0 days | 1,586 sqft |
North Vernon's median square footage for active listings during the 2024-10-01 period was 1,586 sqft. One year prior, the average listing was 1,496 sqft.