Portsmouth USDA Loan Rates, Closing Costs & Stats

Portsmouth, OH

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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.

    Portsmouth's 16 lenders originated 32 USDA loans during 2023. The total origination value was $4,150,000, with an average USDA loan value of $129,688.

    Portsmouth USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Portsmouth averaged 6.95% for the week of 2024-04-19, compared to the national average (all USDA variants) of 6.863% for the same period.

    Portsmouth's average USDA mortgage closing costs are $4,827.

    The average rate for the prior week (2024-04-12) was 6.6% and one month ago for the week of 2024-03-15, the average rate was 6.88%.

    The average rate one year ago was 6.62%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.76%.

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

    Portsmouth 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 Portsmouth level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    BAYSHORE MORTGAGE FUNDING, LLC 7 7.14% $7,056
    DESCO 6 6.77% $4,454
    MOVEMENT MORTGAGE, LLC 3 7.25% $5,953
    U.S. Bank 3 7.04% $4,562
    Fifth Third Bank 2 6.56% $5,486
    OPEN MORTGAGE, LLC 1 7.13% $6,699
    POLARIS HOME FUNDING CORP. 1 6.63% $8,117
    RAPID MORTGAGE COMPANY 1 7.13% $7,240
    Union Savings Bank 1 6.63% $5,919
    UNITED WHOLESALE MORTGAGE, LLC 1 6.53% $5,384
    Bank of England 1 5.63% $4,754
    WesBanco 1 7.13% $4,274
    CALIBER HOME LOANS, INC. 1 6.75% $5,729
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 6.25% $3,569
    GUILD MORTGAGE COMPANY 1 6.13% $8,252
    NEWREZ LLC 1 5.75% $4,160

    The top Portsmouth USDA lender as defined by loan originations is BAYSHORE MORTGAGE FUNDING, LLC, with 7 USDA loans originated. Their average total fees are $7,056, which is $2,602 higher than the next largest lender, DESCO.

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

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

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Portsmouth (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 $103,200 (-2.6%) $142,122 (8.8%) 0.00 313
    2018-02-01 $99,900 (-6.4%) $139,313 (6.7%) 0.00 324
    2018-03-01 $109,950 (1.9%) $147,310 (14.2%) 0.00 312
    2018-04-01 $113,500 (3.3%) $152,395 (18.1%) 0.00 307
    2018-05-01 $119,800 (0.5%) $153,281 (13.0%) 0.00 324
    2018-06-01 $119,250 (-0.4%) $151,519 (5.8%) 0.00 328
    2018-07-01 $119,825 (-2.6%) $150,583 (2.8%) 0.00 336
    2018-08-01 $118,625 (-2.4%) $146,762 (-0.6%) 0.00 348
    2018-09-01 $111,000 (-3.5%) $145,287 (0.5%) 0.00 334
    2018-10-01 $108,000 (-4.8%) $145,048 (0.4%) 0.00 332
    2018-11-01 $105,000 (-2.8%) $143,195 (2.8%) 0.00 332
    2018-12-01 $103,800 (3.9%) $145,044 (4.6%) 0.00 315
    2019-01-01 $102,150 (-1.0%) $143,450 (0.9%) 0.00 304
    2019-02-01 $113,100 (13.2%) $151,314 (8.6%) 0.00 300
    2019-03-01 $114,236 (3.9%) $152,636 (3.6%) 0.00 292
    2019-04-01 $118,925 (4.8%) $153,045 (0.4%) 0.00 284
    2019-05-01 $125,000 (4.3%) $152,539 (-0.5%) 0.00 284
    2019-06-01 $124,900 (4.7%) $152,694 (0.8%) 0.00 281
    2019-07-01 $121,900 (1.7%) $153,076 (1.7%) 0.00 289
    2019-08-01 $122,382 (3.2%) $156,868 (6.9%) 0.00 290
    2019-09-01 $126,105 (13.6%) $160,113 (10.2%) 0.00 279
    2019-10-01 $129,000 (19.4%) $162,057 (11.7%) 0.00 274
    2019-11-01 $119,000 (13.3%) $150,804 (5.3%) 0.00 255
    2019-12-01 $109,450 (5.4%) $145,086 (0.0%) 0.00 252
    2020-01-01 $112,475 (10.1%) $140,536 (-2.0%) 0.00 244
    2020-02-01 $110,450 (-2.3%) $139,352 (-7.9%) 0.00 255
    2020-03-01 $116,000 (1.5%) $141,873 (-7.1%) 0.00 232
    2020-04-01 $119,375 (0.4%) $152,465 (-0.4%) 0.00 225
    2020-05-01 $119,950 (-4.0%) $161,072 (5.6%) 0.00 194
    2020-06-01 $125,000 (0.1%) $165,042 (8.1%) 0.00 176
    2020-07-01 $139,450 (14.4%) $179,038 (17.0%) 0.00 166
    2020-08-01 $139,000 (13.6%) $181,715 (15.8%) 0.00 150
    2020-09-01 $142,450 (13.0%) $182,328 (13.9%) 0.00 144
    2020-10-01 $136,500 (5.8%) $184,049 (13.6%) 0.00 133
    2020-11-01 $135,000 (13.5%) $189,434 (25.6%) 0.00 119
    2020-12-01 $127,450 (16.5%) $190,995 (31.6%) 0.00 105
    2021-01-01 $129,500 (15.1%) $199,192 (41.7%) 0.00 97
    2021-02-01 $138,675 (25.6%) $211,758 (52.0%) 0.00 86
    2021-03-01 $143,700 (23.9%) $199,019 (40.3%) 0.00 82
    2021-04-01 $152,450 (27.7%) $193,119 (26.7%) 0.00 69
    2021-05-01 $147,450 (22.9%) $169,637 (5.3%) 0.00 71
    2021-06-01 $122,425 (-2.1%) $164,017 (-0.6%) 0.00 65
    2021-07-01 $147,500 (5.8%) $173,462 (-3.1%) 0.00 85
    2021-08-01 $140,475 (1.1%) $169,762 (-6.6%) 0.00 92
    2021-09-01 $144,725 (1.6%) $180,864 (-0.8%) 0.00 82
    2021-10-01 $164,900 (20.8%) $194,615 (5.7%) 0.00 76
    2021-11-01 $161,175 (19.4%) $199,613 (5.4%) 0.00 70
    2021-12-01 $159,700 (25.3%) $191,224 (0.1%) 0.00 71
    2022-01-01 $160,000 (23.6%) $198,326 (-0.4%) 0.00 59
    2022-02-01 $145,725 (5.1%) $212,863 (0.5%) 0.00 51
    2022-03-01 $140,200 (-2.4%) $216,443 (8.8%) 0.00 58
    2022-04-01 $160,000 (5.0%) $262,824 (36.1%) 0.00 59
    2022-05-01 $171,550 (16.3%) $231,026 (36.2%) 0.00 68
    2022-06-01 $159,975 (30.7%) $213,566 (30.2%) 0.00 95
    2022-07-01 $164,700 (11.7%) $210,669 (21.5%) 0.00 107
    2022-08-01 $155,350 (10.6%) $214,569 (26.4%) 0.00 101
    2022-09-01 $156,650 (8.2%) $206,708 (14.3%) 0.00 104
    2022-10-01 $151,950 (-7.9%) $202,613 (4.1%) 0.00 89
    2022-11-01 $148,600 (-7.8%) $181,952 (-8.9%) 0.00 84
    2022-12-01 $132,400 (-17.1%) $178,413 (-6.7%) 0.00 80
    2023-01-01 $129,925 (-18.8%) $182,547 (-8.0%) 0.00 87
    2023-02-01 $129,900 (-10.9%) $179,508 (-15.7%) 0.00 90
    2023-03-01 $129,900 (-7.4%) $172,178 (-20.5%) 0.00 94
    2023-04-01 $129,500 (-19.1%) $178,680 (-32.0%) 0.00 83
    2023-05-01 $148,075 (-13.7%) $192,947 (-16.5%) 0.00 71
    2023-06-01 $155,925 (-2.5%) $214,140 (0.3%) 0.00 72
    2023-07-01 $169,950 (3.2%) $201,938 (-4.1%) 0.00 80
    2023-08-01 $163,700 (5.4%) $188,814 (-12.0%) 0.00 91
    2023-09-01 $154,500 (-1.4%) $200,851 (-2.8%) 0.00 95
    2023-10-01 $169,700 (11.7%) $213,726 (5.5%) 0.00 111
    2023-11-01 $179,900 (21.1%) $239,057 (31.4%) 0.00 116
    2023-12-01 $189,000 (42.8%) $249,516 (39.9%) 0.00 109
    2024-01-01 $179,950 (38.5%) $253,178 (38.7%) 0.00 103
    2024-02-01 $177,225 (36.4%) $247,663 (38.0%) 0.00 98
    2024-03-01 $184,900 (42.3%) $251,526 (46.1%) 0.00 92
    Portsmouth's median listing price for 2024-03-01 was $184,900, a difference of $55,000 (42.3%) versus the prior year and $7,675 versus the prior month.

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

    Portsmouth's average listing price for 2024-03-01 was $251,526, a difference of $79,348 (46.1%) versus the prior year and $3,863 versus the prior month.

    For the 2024-03-01 period, Portsmouth had 92 MLS listings, a difference of -6 listings (-6%) versus the prior month and -2 listings (-2%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Portsmouth (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,493 sqft
    2018-02-01 0 days 1,476 sqft
    2018-03-01 0 days 1,481 sqft
    2018-04-01 0 days 1,484 sqft
    2018-05-01 0 days 1,490 sqft
    2018-06-01 0 days 1,531 sqft
    2018-07-01 0 days 1,552 sqft
    2018-08-01 0 days 1,537 sqft
    2018-09-01 0 days 1,526 sqft
    2018-10-01 0 days 1,512 sqft
    2018-11-01 0 days 1,531 sqft
    2018-12-01 0 days 1,560 sqft
    2019-01-01 0 days 1,560 sqft
    2019-02-01 0 days 1,584 sqft
    2019-03-01 0 days 1,598 sqft
    2019-04-01 0 days 1,614 sqft
    2019-05-01 0 days 1,586 sqft
    2019-06-01 0 days 1,584 sqft
    2019-07-01 0 days 1,594 sqft
    2019-08-01 0 days 1,617 sqft
    2019-09-01 0 days 1,644 sqft
    2019-10-01 0 days 1,661 sqft
    2019-11-01 0 days 1,657 sqft
    2019-12-01 0 days 1,621 sqft
    2020-01-01 0 days 1,621 sqft
    2020-02-01 0 days 1,608 sqft
    2020-03-01 0 days 1,582 sqft
    2020-04-01 0 days 1,602 sqft
    2020-05-01 0 days 1,545 sqft
    2020-06-01 0 days 1,529 sqft
    2020-07-01 0 days 1,594 sqft
    2020-08-01 0 days 1,566 sqft
    2020-09-01 0 days 1,453 sqft
    2020-10-01 0 days 1,550 sqft
    2020-11-01 0 days 1,585 sqft
    2020-12-01 0 days 1,447 sqft
    2021-01-01 0 days 1,456 sqft
    2021-02-01 0 days 1,610 sqft
    2021-03-01 0 days 1,585 sqft
    2021-04-01 0 days 1,583 sqft
    2021-05-01 0 days 1,539 sqft
    2021-06-01 0 days 1,439 sqft
    2021-07-01 0 days 1,546 sqft
    2021-08-01 0 days 1,539 sqft
    2021-09-01 0 days 1,588 sqft
    2021-10-01 0 days 1,579 sqft
    2021-11-01 0 days 1,543 sqft
    2021-12-01 0 days 1,537 sqft
    2022-01-01 0 days 1,480 sqft
    2022-02-01 0 days 1,420 sqft
    2022-03-01 0 days 1,406 sqft
    2022-04-01 0 days 1,504 sqft
    2022-05-01 0 days 1,446 sqft
    2022-06-01 0 days 1,449 sqft
    2022-07-01 0 days 1,466 sqft
    2022-08-01 0 days 1,505 sqft
    2022-09-01 0 days 1,498 sqft
    2022-10-01 0 days 1,521 sqft
    2022-11-01 0 days 1,440 sqft
    2022-12-01 0 days 1,387 sqft
    2023-01-01 0 days 1,404 sqft
    2023-02-01 0 days 1,404 sqft
    2023-03-01 0 days 1,397 sqft
    2023-04-01 0 days 1,440 sqft
    2023-05-01 0 days 1,352 sqft
    2023-06-01 0 days 1,440 sqft
    2023-07-01 0 days 1,402 sqft
    2023-08-01 0 days 1,440 sqft
    2023-09-01 0 days 1,485 sqft
    2023-10-01 0 days 1,481 sqft
    2023-11-01 0 days 1,479 sqft
    2023-12-01 0 days 1,568 sqft
    2024-01-01 0 days 1,563 sqft
    2024-02-01 0 days 1,532 sqft
    2024-03-01 0 days 1,541 sqft
    Portsmouth's median listing age (time on market) for 2024-03-01 was 0 days.

    Portsmouth's median square footage for active listings during the 2024-03-01 period was 1,541 sqft. One year prior, the average listing was 1,397 sqft.