Peru USDA Loan Rates, Closing Costs & Stats

Peru, 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.

    Peru's 12 lenders originated 21 USDA loans during 2023. The total origination value was $2,555,000, with an average USDA loan value of $121,667.

    Peru USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Peru averaged 0.29% for the week of 2024-11-15, compared to the national average (all USDA variants) of 0% for the same period.

    Peru's average USDA mortgage closing costs are $3,330.

    The average rate for the prior week (2024-11-08) was 6.94% and one month ago for the week of 2024-10-11, the average rate was 6.2%.

    The average rate one year ago was 7.73%.

    For refis of the same type during the week of 2024-11-15, the average rate was 0.2%.

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

    Peru 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 Peru level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Ixonia Bank 3 7.33% $4,719
    RUOFF MORTGAGE COMPANY, INC. 3 7.13% $1,906
    PLAZA HOME MORTGAGE, INC. 3 6.75% $3,644
    Wolfe Financial, Inc 2 6.88% $4,335
    MOVEMENT MORTGAGE, LLC 2 7.00% $5,114
    THRIVE MORTGAGE, LLC 2 7.13% $4,337
    BROKER SOLUTIONS, INC. 1 6.75% $5,896
    PANORAMA MORTGAGE GROUP, LLC 1 6.63% $5,052
    FIRST COMMUNITY MORTGAGE, INC. 1 6.50% $4,383
    Century Mortgage Company DBA Century Lending Company 1 7.63% $4,836
    FLAT BRANCH MORTGAGE, INC. 1 6.63% $3,342
    First Merchants Bank 1 6.63% $3,163

    The top Peru USDA lender as defined by loan originations is Ixonia Bank, with 3 USDA loans originated. Their average total fees are $4,719, which is $2,813 higher than the next largest lender, RUOFF MORTGAGE COMPANY, INC..

    The lowest fee Peru USDA lenders (with over 10 loans originated) are .

    The lowest rate Peru USDA lenders (with over 10 loans originated) are .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Peru (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 $69,900 (-0.8%) $96,934 (19.6%) 0.00 103
    2018-02-01 $69,900 (7.7%) $99,173 (29.5%) 0.00 95
    2018-03-01 $79,900 (12.6%) $110,565 (29.8%) 0.00 91
    2018-04-01 $85,075 (16.9%) $113,468 (29.6%) 0.00 93
    2018-05-01 $83,558 (21.6%) $135,062 (49.4%) 0.00 87
    2018-06-01 $81,000 (8.9%) $151,068 (59.2%) 0.00 86
    2018-07-01 $80,800 (7.9%) $145,180 (54.0%) 0.00 102
    2018-08-01 $87,475 (10.4%) $140,764 (33.0%) 0.00 110
    2018-09-01 $76,900 (2.5%) $134,837 (19.7%) 0.00 107
    2018-10-01 $85,650 (14.3%) $138,300 (24.6%) 0.00 108
    2018-11-01 $82,400 (15.8%) $138,313 (27.6%) 0.00 107
    2018-12-01 $82,400 (17.9%) $134,955 (43.7%) 0.00 101
    2019-01-01 $83,075 (18.9%) $133,295 (37.5%) 0.00 95
    2019-02-01 $84,700 (21.2%) $130,780 (31.9%) 0.00 100
    2019-03-01 $81,600 (2.1%) $146,253 (32.3%) 0.00 84
    2019-04-01 $77,750 (-8.6%) $133,453 (17.6%) 0.00 70
    2019-05-01 $74,075 (-11.4%) $105,528 (-21.9%) 0.00 66
    2019-06-01 $84,900 (4.8%) $111,522 (-26.2%) 0.00 71
    2019-07-01 $87,700 (8.5%) $108,166 (-25.5%) 0.00 70
    2019-08-01 $88,491 (1.2%) $108,635 (-22.8%) 0.00 76
    2019-09-01 $88,327 (14.9%) $111,117 (-17.6%) 0.00 81
    2019-10-01 $88,493 (3.3%) $111,853 (-19.1%) 0.00 85
    2019-11-01 $79,000 (-4.1%) $108,303 (-21.7%) 0.00 85
    2019-12-01 $79,450 (-3.6%) $109,689 (-18.7%) 0.00 77
    2020-01-01 $86,950 (4.7%) $112,538 (-15.6%) 0.00 80
    2020-02-01 $89,900 (6.1%) $109,767 (-16.1%) 0.00 74
    2020-03-01 $89,900 (10.2%) $109,046 (-25.4%) 0.00 64
    2020-04-01 $88,425 (13.7%) $105,015 (-21.3%) 0.00 53
    2020-05-01 $89,450 (20.8%) $134,796 (27.7%) 0.00 49
    2020-06-01 $76,200 (-10.3%) $119,275 (7.0%) 0.00 39
    2020-07-01 $74,900 (-14.6%) $113,198 (4.7%) 0.00 39
    2020-08-01 $87,200 (-1.5%) $117,308 (8.0%) 0.00 39
    2020-09-01 $96,975 (9.8%) $122,553 (10.3%) 0.00 41
    2020-10-01 $99,900 (12.9%) $138,336 (23.7%) 0.00 48
    2020-11-01 $112,900 (42.9%) $139,693 (29.0%) 0.00 44
    2020-12-01 $111,400 (40.2%) $151,500 (38.1%) 0.00 43
    2021-01-01 $112,900 (29.8%) $145,977 (29.7%) 0.00 38
    2021-02-01 $134,900 (50.1%) $171,092 (55.9%) 0.00 33
    2021-03-01 $131,150 (45.9%) $174,998 (60.5%) 0.00 28
    2021-04-01 $122,400 (38.4%) $184,968 (76.1%) 0.00 24
    2021-05-01 $122,400 (36.8%) $203,345 (50.9%) 0.00 19
    2021-06-01 $124,900 (63.9%) $198,785 (66.7%) 0.00 20
    2021-07-01 $108,950 (45.5%) $156,922 (38.6%) 0.00 36
    2021-08-01 $112,450 (29.0%) $154,742 (31.9%) 0.00 34
    2021-09-01 $112,400 (15.9%) $146,002 (19.1%) 0.00 36
    2021-10-01 $129,000 (29.1%) $172,430 (24.7%) 0.00 44
    2021-11-01 $111,900 (-0.9%) $164,738 (17.9%) 0.00 47
    2021-12-01 $114,675 (2.9%) $167,311 (10.4%) 0.00 45
    2022-01-01 $99,500 (-11.9%) $153,232 (5.0%) 0.00 42
    2022-02-01 $124,950 (-7.4%) $172,815 (1.0%) 0.00 43
    2022-03-01 $127,675 (-2.7%) $181,802 (3.9%) 0.00 31
    2022-04-01 $118,950 (-2.8%) $167,802 (-9.3%) 0.00 34
    2022-05-01 $130,725 (6.8%) $184,548 (-9.2%) 0.00 39
    2022-06-01 $135,050 (8.1%) $186,488 (-6.2%) 0.00 38
    2022-07-01 $143,450 (31.7%) $183,570 (17.0%) 0.00 55
    2022-08-01 $140,075 (24.6%) $161,942 (4.7%) 0.00 55
    2022-09-01 $129,350 (15.1%) $150,809 (3.3%) 0.00 60
    2022-10-01 $119,900 (-7.1%) $139,238 (-19.3%) 0.00 60
    2022-11-01 $122,925 (9.9%) $133,729 (-18.8%) 0.00 50
    2022-12-01 $119,900 (4.6%) $140,913 (-15.8%) 0.00 52
    2023-01-01 $121,150 (21.8%) $146,218 (-4.6%) 0.00 46
    2023-02-01 $118,175 (-5.4%) $148,079 (-14.3%) 0.00 36
    2023-03-01 $126,250 (-1.1%) $154,502 (-15.0%) 0.00 31
    2023-04-01 $135,900 (14.3%) $179,527 (7.0%) 0.00 27
    2023-05-01 $178,200 (36.3%) $198,530 (7.6%) 0.00 28
    2023-06-01 $183,675 (36.0%) $206,321 (10.6%) 0.00 29
    2023-07-01 $164,900 (15.0%) $205,908 (12.2%) 0.00 35
    2023-08-01 $141,150 (0.8%) $188,145 (16.2%) 0.00 38
    2023-09-01 $149,250 (15.4%) $181,871 (20.6%) 0.00 41
    2023-10-01 $147,425 (23.0%) $181,957 (30.7%) 0.00 50
    2023-11-01 $140,750 (14.5%) $170,111 (27.2%) 0.00 53
    2023-12-01 $134,450 (12.1%) $170,476 (21.0%) 0.00 49
    2024-01-01 $143,700 (18.6%) $170,865 (16.9%) 0.00 44
    2024-02-01 $137,200 (16.1%) $166,217 (12.3%) 0.00 41
    2024-03-01 $144,900 (14.8%) $174,307 (12.8%) 0.00 38
    2024-04-01 $136,200 (0.2%) $161,666 (-10.0%) 0.00 31
    2024-05-01 $139,950 (-21.5%) $164,224 (-17.3%) 0.00 30
    2024-06-01 $149,900 (-18.4%) $181,003 (-12.3%) 0.00 30
    2024-07-01 $177,200 (7.5%) $190,417 (-7.5%) 0.00 37
    2024-08-01 $175,000 (24.0%) $230,183 (22.3%) 0.00 38
    2024-09-01 $179,925 (20.6%) $231,291 (27.2%) 0.00 44
    2024-10-01 $174,650 (18.5%) $220,637 (21.3%) 0.00 60
    Peru's median listing price for 2024-10-01 was $174,650, a difference of $27,225 (18.5%) versus the prior year and $-5,275 versus the prior month.

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

    Peru's average listing price for 2024-10-01 was $220,637, a difference of $38,680 (21.3%) versus the prior year and $-10,654 versus the prior month.

    For the 2024-10-01 period, Peru had 60 MLS listings, a difference of 16 listings (36%) versus the prior month and 10 listings (20%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Peru (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,574 sqft
    2018-02-01 0 days 1,583 sqft
    2018-03-01 0 days 1,639 sqft
    2018-04-01 0 days 1,665 sqft
    2018-05-01 0 days 1,612 sqft
    2018-06-01 0 days 1,654 sqft
    2018-07-01 0 days 1,628 sqft
    2018-08-01 0 days 1,632 sqft
    2018-09-01 0 days 1,608 sqft
    2018-10-01 0 days 1,742 sqft
    2018-11-01 0 days 1,723 sqft
    2018-12-01 0 days 1,672 sqft
    2019-01-01 0 days 1,672 sqft
    2019-02-01 0 days 1,630 sqft
    2019-03-01 0 days 1,583 sqft
    2019-04-01 0 days 1,482 sqft
    2019-05-01 0 days 1,479 sqft
    2019-06-01 0 days 1,495 sqft
    2019-07-01 0 days 1,470 sqft
    2019-08-01 0 days 1,488 sqft
    2019-09-01 0 days 1,508 sqft
    2019-10-01 0 days 1,522 sqft
    2019-11-01 0 days 1,533 sqft
    2019-12-01 0 days 1,530 sqft
    2020-01-01 0 days 1,568 sqft
    2020-02-01 0 days 1,549 sqft
    2020-03-01 0 days 1,476 sqft
    2020-04-01 0 days 1,487 sqft
    2020-05-01 0 days 1,490 sqft
    2020-06-01 0 days 1,504 sqft
    2020-07-01 0 days 1,478 sqft
    2020-08-01 0 days 1,520 sqft
    2020-09-01 0 days 1,480 sqft
    2020-10-01 0 days 1,638 sqft
    2020-11-01 0 days 1,748 sqft
    2020-12-01 0 days 1,714 sqft
    2021-01-01 0 days 1,660 sqft
    2021-02-01 0 days 1,773 sqft
    2021-03-01 0 days 1,770 sqft
    2021-04-01 0 days 1,694 sqft
    2021-05-01 0 days 1,756 sqft
    2021-06-01 0 days 1,747 sqft
    2021-07-01 0 days 1,628 sqft
    2021-08-01 0 days 1,675 sqft
    2021-09-01 0 days 1,678 sqft
    2021-10-01 0 days 1,756 sqft
    2021-11-01 0 days 1,597 sqft
    2021-12-01 0 days 1,496 sqft
    2022-01-01 0 days 1,432 sqft
    2022-02-01 0 days 1,502 sqft
    2022-03-01 0 days 1,502 sqft
    2022-04-01 0 days 1,500 sqft
    2022-05-01 0 days 1,478 sqft
    2022-06-01 0 days 1,608 sqft
    2022-07-01 0 days 1,796 sqft
    2022-08-01 0 days 1,717 sqft
    2022-09-01 0 days 1,726 sqft
    2022-10-01 0 days 1,664 sqft
    2022-11-01 0 days 1,672 sqft
    2022-12-01 0 days 1,718 sqft
    2023-01-01 0 days 1,717 sqft
    2023-02-01 0 days 1,709 sqft
    2023-03-01 0 days 1,702 sqft
    2023-04-01 0 days 1,493 sqft
    2023-05-01 0 days 1,727 sqft
    2023-06-01 0 days 1,850 sqft
    2023-07-01 0 days 1,806 sqft
    2023-08-01 0 days 1,645 sqft
    2023-09-01 0 days 1,684 sqft
    2023-10-01 0 days 1,615 sqft
    2023-11-01 0 days 1,588 sqft
    2023-12-01 0 days 1,580 sqft
    2024-01-01 0 days 1,587 sqft
    2024-02-01 0 days 1,514 sqft
    2024-03-01 0 days 1,472 sqft
    2024-04-01 0 days 1,454 sqft
    2024-05-01 0 days 1,440 sqft
    2024-06-01 0 days 1,529 sqft
    2024-07-01 0 days 1,671 sqft
    2024-08-01 0 days 1,703 sqft
    2024-09-01 0 days 1,735 sqft
    2024-10-01 0 days 1,752 sqft
    Peru's median listing age (time on market) for 2024-10-01 was 0 days.

    Peru's median square footage for active listings during the 2024-10-01 period was 1,752 sqft. One year prior, the average listing was 1,615 sqft.