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%.
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. LouisDate | 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 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. LouisDate | 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 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.