North Vernon USDA Loan Rates, Closing Costs & Stats

North Vernon, 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.

    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 6.79% for the week of 2025-07-11, compared to the national average (all USDA variants) of 6.449% for the same period.

    North Vernon's average USDA mortgage closing costs are $4,077.

    The average rate for the prior week (2025-07-04) was 6.6% and one month ago for the week of 2025-06-06, the average rate was 6.9%.

    The average rate one year ago was 6.88%.

    For refis of the same type during the week of 2025-07-11, the average rate was 6.25%.

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

    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 .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - North Vernon (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 $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
    2024-11-01 $249,900 (18.3%) $270,922 (-3.2%) 0.00 50
    2024-12-01 $249,925 (13.7%) $275,028 (-5.0%) 0.00 47
    North Vernon's median listing price for 2024-12-01 was $249,925, a difference of $30,025 (13.7%) versus the prior year and $25 versus the prior month.

    North Vernon's median listing price comes in at 0% of the national average.

    North Vernon's average listing price for 2024-12-01 was $275,028, a difference of $-14,462 (-5.0%) versus the prior year and $4,106 versus the prior month.

    For the 2024-12-01 period, North Vernon had 47 MLS listings, a difference of -3 listings (-6%) versus the prior month and 12 listings (34%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - North Vernon (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,873 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
    2024-11-01 0 days 1,542 sqft
    2024-12-01 0 days 1,540 sqft
    North Vernon's median listing age (time on market) for 2024-12-01 was 0 days.

    North Vernon's median square footage for active listings during the 2024-12-01 period was 1,540 sqft. One year prior, the average listing was 1,792 sqft.