Norwalk USDA Loan Rates, Closing Costs & Stats

Norwalk, OH

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.

Norwalk's 5 lenders originated 18 USDA loans during 2023. The total origination value was $2,210,000, with an average USDA loan value of $122,778.

Norwalk USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Norwalk averaged 6.35% for the week of 2024-12-13, compared to the national average (all USDA variants) of 6.303% for the same period.

Norwalk's average USDA mortgage closing costs are $4,463.

The average rate for the prior week (2024-12-06) was 6.29% and one month ago for the week of 2024-11-08, the average rate was 6.4%.

The average rate one year ago was 6.97%.

For refis of the same type during the week of 2024-12-13, the average rate was 6.3%.

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

Norwalk 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 Norwalk level.

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
UNION HOME MORTGAGE CORP. 12 6.93% $6,223
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 3 6.63% $3,047
CROSSCOUNTRY MORTGAGE, LLC 1 7.25% $6,330
NORTHERN MORTGAGE SERVICES, LLC 1 7.25% $2,931
PLAZA HOME MORTGAGE, INC. 1 7.38% $2,238

The top Norwalk USDA lender as defined by loan originations is UNION HOME MORTGAGE CORP., with 12 USDA loans originated. Their average total fees are $6,223, which is $3,176 higher than the next largest lender, FAIRWAY INDEPENDENT MORTGAGE CORPORATION.

The lowest fee Norwalk USDA lenders (with over 10 loans originated) are UNION HOME MORTGAGE CORP. ($6,223), .

The lowest rate Norwalk USDA lenders (with over 10 loans originated) are UNION HOME MORTGAGE CORP. (6.93%), .


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Norwalk (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 $124,900 (16.3%) $162,044 (18.7%) 0.00 200
2018-02-01 $119,950 (22.5%) $161,302 (20.0%) 0.00 198
2018-03-01 $126,822 (20.9%) $167,550 (18.5%) 0.00 179
2018-04-01 $132,561 (20.6%) $170,193 (13.6%) 0.00 172
2018-05-01 $138,613 (13.7%) $174,461 (17.4%) 0.00 166
2018-06-01 $134,500 (7.7%) $168,997 (8.3%) 0.00 184
2018-07-01 $138,725 (18.1%) $169,138 (8.7%) 0.00 199
2018-08-01 $139,950 (16.7%) $174,482 (11.8%) 0.00 194
2018-09-01 $137,675 (18.7%) $169,312 (9.2%) 0.00 196
2018-10-01 $129,900 (13.0%) $161,275 (5.8%) 0.00 190
2018-11-01 $132,225 (12.1%) $160,280 (2.3%) 0.00 183
2018-12-01 $136,700 (5.2%) $163,706 (4.1%) 0.00 167
2019-01-01 $129,322 (3.5%) $161,148 (-0.6%) 0.00 151
2019-02-01 $119,900 (0.0%) $154,017 (-4.5%) 0.00 151
2019-03-01 $122,043 (-3.8%) $152,344 (-9.1%) 0.00 159
2019-04-01 $125,700 (-5.2%) $154,859 (-9.0%) 0.00 160
2019-05-01 $134,000 (-3.3%) $163,839 (-6.1%) 0.00 158
2019-06-01 $128,900 (-4.2%) $162,361 (-3.9%) 0.00 161
2019-07-01 $126,847 (-8.6%) $156,861 (-7.3%) 0.00 173
2019-08-01 $136,445 (-2.5%) $165,313 (-5.3%) 0.00 182
2019-09-01 $132,764 (-3.6%) $163,973 (-3.2%) 0.00 187
2019-10-01 $129,900 (0.0%) $160,416 (-0.5%) 0.00 189
2019-11-01 $129,900 (-1.8%) $159,010 (-0.8%) 0.00 167
2019-12-01 $126,450 (-7.5%) $158,520 (-3.2%) 0.00 161
2020-01-01 $129,900 (0.5%) $170,855 (6.0%) 0.00 133
2020-02-01 $132,450 (10.5%) $170,545 (10.7%) 0.00 126
2020-03-01 $132,225 (8.3%) $162,193 (6.5%) 0.00 138
2020-04-01 $137,000 (9.0%) $167,323 (8.1%) 0.00 135
2020-05-01 $129,950 (-3.0%) $162,049 (-1.1%) 0.00 114
2020-06-01 $134,900 (4.7%) $165,931 (2.2%) 0.00 94
2020-07-01 $120,400 (-5.1%) $162,921 (3.9%) 0.00 90
2020-08-01 $129,900 (-4.8%) $183,486 (11.0%) 0.00 92
2020-09-01 $133,425 (0.5%) $178,354 (8.8%) 0.00 94
2020-10-01 $144,900 (11.6%) $179,816 (12.1%) 0.00 81
2020-11-01 $127,400 (-1.9%) $158,994 (0.0%) 0.00 91
2020-12-01 $128,450 (1.6%) $150,398 (-5.1%) 0.00 80
2021-01-01 $120,000 (-7.6%) $152,237 (-10.9%) 0.00 75
2021-02-01 $122,425 (-7.6%) $141,356 (-17.1%) 0.00 62
2021-03-01 $124,925 (-5.5%) $140,712 (-13.2%) 0.00 61
2021-04-01 $128,200 (-6.4%) $154,384 (-7.7%) 0.00 54
2021-05-01 $122,900 (-5.4%) $161,055 (-0.6%) 0.00 50
2021-06-01 $127,200 (-5.7%) $154,913 (-6.6%) 0.00 59
2021-07-01 $137,450 (14.2%) $181,123 (11.2%) 0.00 68
2021-08-01 $129,900 (0.0%) $172,477 (-6.0%) 0.00 77
2021-09-01 $141,975 (6.4%) $185,389 (3.9%) 0.00 73
2021-10-01 $152,200 (5.0%) $200,738 (11.6%) 0.00 92
2021-11-01 $137,500 (7.9%) $184,400 (16.0%) 0.00 84
2021-12-01 $136,750 (6.5%) $183,917 (22.3%) 0.00 80
2022-01-01 $129,900 (8.3%) $158,975 (4.4%) 0.00 128
2022-02-01 $125,200 (2.3%) $149,591 (5.8%) 0.00 128
2022-03-01 $123,675 (-1.0%) $158,593 (12.7%) 0.00 55
2022-04-01 $119,950 (-6.4%) $183,745 (19.0%) 0.00 49
2022-05-01 $133,675 (8.8%) $210,757 (30.9%) 0.00 55
2022-06-01 $135,000 (6.1%) $214,309 (38.3%) 0.00 58
2022-07-01 $162,450 (18.2%) $240,767 (32.9%) 0.00 52
2022-08-01 $191,250 (47.2%) $260,160 (50.8%) 0.00 50
2022-09-01 $141,700 (-0.2%) $200,204 (8.0%) 0.00 68
2022-10-01 $139,900 (-8.1%) $173,844 (-13.4%) 0.00 78
2022-11-01 $145,150 (5.6%) $176,709 (-4.2%) 0.00 91
2022-12-01 $140,500 (2.7%) $179,258 (-2.5%) 0.00 94
2023-01-01 $181,150 (39.5%) $194,660 (22.5%) 0.00 61
2023-02-01 $157,475 (25.8%) $190,446 (27.3%) 0.00 42
2023-03-01 $154,950 (25.3%) $195,201 (23.1%) 0.00 38
2023-04-01 $149,450 (24.6%) $182,771 (-0.5%) 0.00 36
2023-05-01 $143,250 (7.2%) $176,950 (-16.0%) 0.00 40
2023-06-01 $149,900 (11.0%) $193,546 (-9.7%) 0.00 43
2023-07-01 $212,000 (30.5%) $246,334 (2.3%) 0.00 41
2023-08-01 $192,000 (0.4%) $233,099 (-10.4%) 0.00 48
2023-09-01 $177,400 (25.2%) $221,622 (10.7%) 0.00 57
2023-10-01 $163,200 (16.7%) $207,173 (19.2%) 0.00 56
2023-11-01 $179,925 (24.0%) $210,218 (19.0%) 0.00 62
2023-12-01 $189,900 (35.2%) $218,529 (21.9%) 0.00 56
2024-01-01 $189,675 (4.7%) $226,821 (16.5%) 0.00 56
2024-02-01 $184,675 (17.3%) $230,915 (21.3%) 0.00 46
2024-03-01 $189,950 (22.6%) $226,561 (16.1%) 0.00 38
2024-04-01 $232,225 (55.4%) $296,134 (62.0%) 0.00 41
2024-05-01 $259,450 (81.1%) $333,729 (88.6%) 0.00 49
2024-06-01 $244,900 (63.4%) $313,193 (61.8%) 0.00 48
2024-07-01 $248,450 (17.2%) $302,129 (22.7%) 0.00 50
2024-08-01 $239,900 (25.0%) $287,655 (23.4%) 0.00 51
2024-09-01 $246,450 (38.9%) $279,503 (26.1%) 0.00 64
2024-10-01 $223,225 (36.8%) $261,373 (26.2%) 0.00 80
2024-11-01 $210,000 (16.7%) $253,833 (20.8%) 0.00 80
Norwalk's median listing price for 2024-11-01 was $210,000, a difference of $30,075 (16.7%) versus the prior year and $-13,225 versus the prior month.

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

Norwalk's average listing price for 2024-11-01 was $253,833, a difference of $43,615 (20.8%) versus the prior year and $-7,540 versus the prior month.

For the 2024-11-01 period, Norwalk had 80 MLS listings, a difference of 0 listings (0%) versus the prior month and 18 listings (29%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Norwalk (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,728 sqft
2018-02-01 0 days 1,682 sqft
2018-03-01 0 days 1,644 sqft
2018-04-01 0 days 1,646 sqft
2018-05-01 0 days 1,728 sqft
2018-06-01 0 days 1,707 sqft
2018-07-01 0 days 1,713 sqft
2018-08-01 0 days 1,748 sqft
2018-09-01 0 days 1,698 sqft
2018-10-01 0 days 1,630 sqft
2018-11-01 0 days 1,648 sqft
2018-12-01 0 days 1,669 sqft
2019-01-01 0 days 1,629 sqft
2019-02-01 0 days 1,675 sqft
2019-03-01 0 days 1,656 sqft
2019-04-01 0 days 1,648 sqft
2019-05-01 0 days 1,632 sqft
2019-06-01 0 days 1,629 sqft
2019-07-01 0 days 1,625 sqft
2019-08-01 0 days 1,733 sqft
2019-09-01 0 days 1,751 sqft
2019-10-01 0 days 1,764 sqft
2019-11-01 0 days 1,691 sqft
2019-12-01 0 days 1,662 sqft
2020-01-01 0 days 1,730 sqft
2020-02-01 0 days 1,740 sqft
2020-03-01 0 days 1,652 sqft
2020-04-01 0 days 1,679 sqft
2020-05-01 0 days 1,634 sqft
2020-06-01 0 days 1,648 sqft
2020-07-01 0 days 1,603 sqft
2020-08-01 0 days 1,711 sqft
2020-09-01 0 days 1,659 sqft
2020-10-01 0 days 1,608 sqft
2020-11-01 0 days 1,581 sqft
2020-12-01 0 days 1,567 sqft
2021-01-01 0 days 1,495 sqft
2021-02-01 0 days 1,440 sqft
2021-03-01 0 days 1,387 sqft
2021-04-01 0 days 1,479 sqft
2021-05-01 0 days 1,463 sqft
2021-06-01 0 days 1,544 sqft
2021-07-01 0 days 1,560 sqft
2021-08-01 0 days 1,566 sqft
2021-09-01 0 days 1,571 sqft
2021-10-01 0 days 1,673 sqft
2021-11-01 0 days 1,571 sqft
2021-12-01 0 days 1,549 sqft
2022-01-01 0 days 1,344 sqft
2022-02-01 0 days 1,350 sqft
2022-03-01 0 days 1,390 sqft
2022-04-01 0 days 1,455 sqft
2022-05-01 0 days 1,482 sqft
2022-06-01 0 days 1,535 sqft
2022-07-01 0 days 1,628 sqft
2022-08-01 0 days 1,751 sqft
2022-09-01 0 days 1,561 sqft
2022-10-01 0 days 1,508 sqft
2022-11-01 0 days 1,490 sqft
2022-12-01 0 days 1,441 sqft
2023-01-01 0 days 1,567 sqft
2023-02-01 0 days 1,615 sqft
2023-03-01 0 days 1,670 sqft
2023-04-01 0 days 1,576 sqft
2023-05-01 0 days 1,556 sqft
2023-06-01 0 days 1,532 sqft
2023-07-01 0 days 1,686 sqft
2023-08-01 0 days 1,691 sqft
2023-09-01 0 days 1,648 sqft
2023-10-01 0 days 1,586 sqft
2023-11-01 0 days 1,671 sqft
2023-12-01 0 days 1,600 sqft
2024-01-01 0 days 1,667 sqft
2024-02-01 0 days 1,722 sqft
2024-03-01 0 days 1,706 sqft
2024-04-01 0 days 1,766 sqft
2024-05-01 0 days 1,813 sqft
2024-06-01 0 days 1,844 sqft
2024-07-01 0 days 1,765 sqft
2024-08-01 0 days 1,761 sqft
2024-09-01 0 days 1,676 sqft
2024-10-01 0 days 1,715 sqft
2024-11-01 0 days 1,653 sqft
Norwalk's median listing age (time on market) for 2024-11-01 was 0 days.

Norwalk's median square footage for active listings during the 2024-11-01 period was 1,653 sqft. One year prior, the average listing was 1,671 sqft.