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 0.44% for the week of 2025-06-20, 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 (2025-06-13) was 7.04% and one month ago for the week of 2025-05-16, the average rate was 7.01%.

The average rate one year ago was 7.13%.

For refis of the same type during the week of 2025-06-20, 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 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 .