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%.

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 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. 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
North Vernon's median listing price for 2024-10-01 was $258,025, a difference of $63,075 (32.4%) versus the prior year and $31,325 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 2024-10-01 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. 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
North Vernon's median listing age (time on market) for 2024-10-01 was 0 days.

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.