Saginaw USDA Loan Rates, Closing Costs & Stats
SAGINAW, MI
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.
Saginaw's 16 lenders originated 25 USDA loans during 2023. The total origination value was $3,225,000, with an average USDA loan value of $129,000.
Saginaw USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Saginaw
averaged
6.53%
for the week of 2024-12-13, compared to the national average (all USDA variants) of
6.303% for the same period.
Saginaw's average USDA mortgage closing costs are $4,326.
The average rate for the prior week (2024-12-06) was
6.37% and
one month ago for the week of 2024-11-08, the
average rate was 6.38%.
The average rate one year ago was 6.85%.
For refis of the same type during the week of 2024-12-13, the average rate
was 6.7%.
Saginaw 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 Saginaw level.
| Name | # of Loans | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
|---|---|---|---|
| Frankenmuth Credit Union | 4 | 6.47% | $3,941 |
| MID AMERICA MORTGAGE, INC. | 3 | 6.67% | $4,060 |
| DAS Acquisition Company, LLC | 2 | 6.50% | $5,930 |
| BLG HOLDINGS, INC. | 2 | 7.88% | $5,944 |
| Independent Bank | 2 | 6.88% | $5,727 |
| LEGEND LENDING CORPORATION | 2 | 6.94% | $8,242 |
| PLAZA HOME MORTGAGE, INC. | 1 | 6.75% | $7,845 |
| Preston Home Loans Inc | 1 | 6.75% | $5,036 |
| SUCCESS MORTGAGE PARTNERS, INC. | 1 | 6.13% | $6,835 |
| AMERICAN FINANCIAL NETWORK, INC. | 1 | 7.75% | $5,945 |
| Victorian Finance, LLC | 1 | 5.75% | $4,064 |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | 1 | 7.75% | $6,119 |
| GENEVA FINANCIAL, LLC | 1 | 7.25% | $8,553 |
| Horizon Bank | 1 | 6.00% | $6,535 |
| J. VIRGIL, INC. | 1 | 7.50% | $5,969 |
| Platinum Home Mortgage Corporation | 1 | 6.49% | $7,433 |
The top Saginaw USDA lender as defined by loan originations is Frankenmuth Credit Union, with
4 USDA loans originated. Their average total fees are
$3,941, which is $119
lower than the next largest lender,
MID AMERICA MORTGAGE, INC..
The lowest fee Saginaw USDA lenders (with over 10 loans originated) are
.
The lowest rate Saginaw USDA lenders (with over 10 loans originated) are
.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Saginaw (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 | $89,450 (-6.4%) | $128,689 (-0.3%) | 0.33 | 562 |
| 2018-02-01 | $86,481 (-10.3%) | $129,229 (0.8%) | 0.31 | 542 |
| 2018-03-01 | $87,125 (-3.2%) | $131,117 (1.6%) | 0.31 | 516 |
| 2018-04-01 | $98,900 (8.4%) | $136,482 (3.8%) | 0.34 | 491 |
| 2018-05-01 | $107,425 (4.9%) | $148,642 (7.4%) | 0.36 | 477 |
| 2018-06-01 | $112,450 (6.4%) | $153,196 (10.0%) | 0.38 | 514 |
| 2018-07-01 | $117,075 (6.5%) | $154,973 (12.5%) | 0.39 | 539 |
| 2018-08-01 | $114,900 (4.5%) | $150,892 (8.8%) | 0.38 | 570 |
| 2018-09-01 | $119,900 (9.1%) | $156,322 (10.5%) | 0.40 | 601 |
| 2018-10-01 | $123,125 (21.9%) | $156,617 (13.8%) | 0.42 | 590 |
| 2018-11-01 | $122,250 (23.2%) | $153,680 (13.6%) | 0.41 | 567 |
| 2018-12-01 | $119,900 (27.2%) | $151,128 (14.8%) | 0.41 | 540 |
| 2019-01-01 | $116,125 (29.8%) | $147,294 (14.5%) | 0.40 | 480 |
| 2019-02-01 | $119,900 (38.6%) | $149,555 (15.7%) | 0.41 | 425 |
| 2019-03-01 | $122,900 (41.1%) | $157,765 (20.3%) | 0.40 | 382 |
| 2019-04-01 | $128,400 (29.8%) | $164,605 (20.6%) | 0.41 | 358 |
| 2019-05-01 | $132,113 (23.0%) | $173,453 (16.7%) | 0.41 | 394 |
| 2019-06-01 | $129,900 (15.5%) | $165,738 (8.2%) | 0.41 | 460 |
| 2019-07-01 | $129,250 (10.4%) | $172,181 (11.1%) | 0.40 | 477 |
| 2019-08-01 | $127,882 (11.3%) | $170,431 (13.0%) | 0.41 | 511 |
| 2019-09-01 | $126,205 (5.3%) | $165,642 (6.0%) | 0.40 | 526 |
| 2019-10-01 | $125,086 (1.6%) | $162,502 (3.8%) | 0.40 | 535 |
| 2019-11-01 | $119,950 (-1.9%) | $156,573 (1.9%) | 0.39 | 522 |
| 2019-12-01 | $119,900 (0.0%) | $154,498 (2.2%) | 0.40 | 459 |
| 2020-01-01 | $116,749 (0.5%) | $150,676 (2.3%) | 0.39 | 403 |
| 2020-02-01 | $107,700 (-10.2%) | $145,034 (-3.0%) | 0.35 | 368 |
| 2020-03-01 | $109,400 (-11.0%) | $152,429 (-3.4%) | 0.34 | 306 |
| 2020-04-01 | $119,900 (-6.6%) | $156,642 (-4.8%) | 0.38 | 290 |
| 2020-05-01 | $124,900 (-5.5%) | $166,473 (-4.0%) | 0.38 | 262 |
| 2020-06-01 | $130,425 (0.4%) | $182,082 (9.9%) | 0.38 | 212 |
| 2020-07-01 | $129,650 (0.3%) | $184,224 (7.0%) | 0.38 | 204 |
| 2020-08-01 | $139,900 (9.4%) | $195,366 (14.6%) | 0.40 | 215 |
| 2020-09-01 | $131,650 (4.3%) | $196,092 (18.4%) | 0.38 | 249 |
| 2020-10-01 | $130,900 (4.7%) | $205,458 (26.4%) | 0.38 | 262 |
| 2020-11-01 | $132,400 (10.4%) | $187,504 (19.8%) | 0.39 | 240 |
| 2020-12-01 | $124,400 (3.8%) | $178,749 (15.7%) | 0.37 | 211 |
| 2021-01-01 | $102,400 (-12.3%) | $171,314 (13.7%) | 0.31 | 162 |
| 2021-02-01 | $113,600 (5.5%) | $188,343 (29.9%) | 0.33 | 140 |
| 2021-03-01 | $105,250 (-3.8%) | $173,697 (14.0%) | 0.30 | 125 |
| 2021-04-01 | $112,300 (-6.3%) | $187,637 (19.8%) | 0.30 | 114 |
| 2021-05-01 | $137,450 (10.1%) | $214,484 (28.8%) | 0.37 | 135 |
| 2021-06-01 | $137,150 (5.2%) | $202,650 (11.3%) | 0.36 | 191 |
| 2021-07-01 | $139,900 (7.9%) | $196,172 (6.5%) | 0.37 | 231 |
| 2021-08-01 | $141,900 (1.4%) | $193,145 (-1.1%) | 0.38 | 282 |
| 2021-09-01 | $117,500 (-10.8%) | $174,610 (-11.0%) | 0.31 | 298 |
| 2021-10-01 | $119,900 (-8.4%) | $181,138 (-11.8%) | 0.32 | 303 |
| 2021-11-01 | $122,400 (-7.6%) | $179,884 (-4.1%) | 0.33 | 312 |
| 2021-12-01 | $114,800 (-7.7%) | $177,845 (-0.5%) | 0.31 | 281 |
| 2022-01-01 | $99,900 (-2.4%) | $170,594 (-0.4%) | 0.27 | 220 |
| 2022-02-01 | $105,325 (-7.3%) | $181,830 (-3.5%) | 0.27 | 194 |
| 2022-03-01 | $116,200 (10.4%) | $187,473 (7.9%) | 0.29 | 182 |
| 2022-04-01 | $146,400 (30.4%) | $210,864 (12.4%) | 0.35 | 166 |
| 2022-05-01 | $145,925 (6.2%) | $198,236 (-7.6%) | 0.33 | 178 |
| 2022-06-01 | $148,650 (8.4%) | $207,046 (2.2%) | 0.33 | 216 |
| 2022-07-01 | $166,500 (19.0%) | $227,832 (16.1%) | 0.38 | 256 |
| 2022-08-01 | $159,675 (12.5%) | $216,297 (12.0%) | 0.37 | 321 |
| 2022-09-01 | $155,000 (31.9%) | $206,203 (18.1%) | 0.36 | 318 |
| 2022-10-01 | $159,900 (33.4%) | $207,741 (14.7%) | 0.38 | 309 |
| 2022-11-01 | $139,900 (14.3%) | $198,285 (10.2%) | 0.34 | 313 |
| 2022-12-01 | $149,900 (30.6%) | $202,487 (13.9%) | 0.37 | 266 |
| 2023-01-01 | $147,400 (47.6%) | $201,289 (18.0%) | 0.37 | 235 |
| 2023-02-01 | $131,225 (24.6%) | $202,041 (11.1%) | 0.32 | 209 |
| 2023-03-01 | $127,400 (9.6%) | $207,008 (10.4%) | 0.30 | 190 |
| 2023-04-01 | $149,000 (1.8%) | $219,364 (4.0%) | 0.35 | 185 |
| 2023-05-01 | $143,250 (-1.8%) | $214,033 (8.0%) | 0.32 | 197 |
| 2023-06-01 | $139,900 (-5.9%) | $219,719 (6.1%) | 0.31 | 211 |
| 2023-07-01 | $129,900 (-22.0%) | $226,310 (-0.7%) | 0.30 | 267 |
| 2023-08-01 | $147,000 (-7.9%) | $216,738 (0.2%) | 0.34 | 316 |
| 2023-09-01 | $149,900 (-3.3%) | $214,330 (3.9%) | 0.35 | 340 |
| 2023-10-01 | $149,900 (-6.3%) | $218,701 (5.3%) | 0.35 | 334 |
| 2023-11-01 | $152,450 (9.0%) | $213,994 (7.9%) | 0.36 | 375 |
| 2023-12-01 | $159,900 (6.7%) | $211,058 (4.2%) | 0.39 | 347 |
| 2024-01-01 | $159,900 (8.5%) | $205,227 (2.0%) | 0.39 | 311 |
| 2024-02-01 | $154,950 (18.1%) | $202,724 (0.3%) | 0.37 | 286 |
| 2024-03-01 | $159,950 (25.6%) | $214,235 (3.5%) | 0.38 | 253 |
| 2024-04-01 | $174,925 (17.4%) | $230,392 (5.0%) | 0.41 | 223 |
| 2024-05-01 | $182,450 (27.4%) | $244,460 (14.2%) | 0.41 | 251 |
| 2024-06-01 | $217,500 (55.5%) | $264,347 (20.3%) | 0.49 | 285 |
| 2024-07-01 | $213,450 (64.3%) | $266,481 (17.8%) | 0.49 | 285 |
| 2024-08-01 | $214,950 (46.2%) | $267,443 (23.4%) | 0.50 | 311 |
| 2024-09-01 | $207,700 (38.6%) | $276,855 (29.2%) | 0.49 | 349 |
| 2024-10-01 | $196,975 (31.4%) | $260,038 (18.9%) | 0.46 | 356 |
| 2024-11-01 | $179,950 (18.0%) | $234,011 (9.4%) | 0.43 | 379 |
Saginaw's median listing price comes in at 43% of the national average.
Saginaw's average listing price for 2024-11-01 was $234,011, a difference of $20,017 (9.4%) versus the prior year and $-26,027 versus the prior month.
For the 2024-11-01 period, Saginaw had 379 MLS listings, a difference of 23 listings (6%) versus the prior month and 4 listings (1%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Saginaw (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 81 days | 1,453 sqft |
| 2018-02-01 | 81 days | 1,433 sqft |
| 2018-03-01 | 68 days | 1,449 sqft |
| 2018-04-01 | 64 days | 1,460 sqft |
| 2018-05-01 | 49 days | 1,482 sqft |
| 2018-06-01 | 45 days | 1,512 sqft |
| 2018-07-01 | 48 days | 1,539 sqft |
| 2018-08-01 | 45 days | 1,508 sqft |
| 2018-09-01 | 51 days | 1,466 sqft |
| 2018-10-01 | 51 days | 1,536 sqft |
| 2018-11-01 | 59 days | 1,532 sqft |
| 2018-12-01 | 73 days | 1,520 sqft |
| 2019-01-01 | 80 days | 1,479 sqft |
| 2019-02-01 | 83 days | 1,519 sqft |
| 2019-03-01 | 72 days | 1,521 sqft |
| 2019-04-01 | 59 days | 1,535 sqft |
| 2019-05-01 | 40 days | 1,530 sqft |
| 2019-06-01 | 37 days | 1,520 sqft |
| 2019-07-01 | 44 days | 1,575 sqft |
| 2019-08-01 | 48 days | 1,563 sqft |
| 2019-09-01 | 50 days | 1,545 sqft |
| 2019-10-01 | 53 days | 1,533 sqft |
| 2019-11-01 | 58 days | 1,520 sqft |
| 2019-12-01 | 71 days | 1,531 sqft |
| 2020-01-01 | 78 days | 1,508 sqft |
| 2020-02-01 | 74 days | 1,453 sqft |
| 2020-03-01 | 61 days | 1,472 sqft |
| 2020-04-01 | 73 days | 1,480 sqft |
| 2020-05-01 | 74 days | 1,456 sqft |
| 2020-06-01 | 39 days | 1,539 sqft |
| 2020-07-01 | 32 days | 1,547 sqft |
| 2020-08-01 | 29 days | 1,578 sqft |
| 2020-09-01 | 26 days | 1,561 sqft |
| 2020-10-01 | 31 days | 1,568 sqft |
| 2020-11-01 | 37 days | 1,521 sqft |
| 2020-12-01 | 45 days | 1,489 sqft |
| 2021-01-01 | 47 days | 1,422 sqft |
| 2021-02-01 | 44 days | 1,434 sqft |
| 2021-03-01 | 37 days | 1,390 sqft |
| 2021-04-01 | 25 days | 1,396 sqft |
| 2021-05-01 | 17 days | 1,486 sqft |
| 2021-06-01 | 22 days | 1,460 sqft |
| 2021-07-01 | 24 days | 1,422 sqft |
| 2021-08-01 | 27 days | 1,469 sqft |
| 2021-09-01 | 35 days | 1,403 sqft |
| 2021-10-01 | 39 days | 1,404 sqft |
| 2021-11-01 | 46 days | 1,385 sqft |
| 2021-12-01 | 54 days | 1,367 sqft |
| 2022-01-01 | 66 days | 1,317 sqft |
| 2022-02-01 | 69 days | 1,353 sqft |
| 2022-03-01 | 40 days | 1,364 sqft |
| 2022-04-01 | 30 days | 1,454 sqft |
| 2022-05-01 | 24 days | 1,419 sqft |
| 2022-06-01 | 26 days | 1,450 sqft |
| 2022-07-01 | 30 days | 1,522 sqft |
| 2022-08-01 | 31 days | 1,498 sqft |
| 2022-09-01 | 42 days | 1,456 sqft |
| 2022-10-01 | 46 days | 1,493 sqft |
| 2022-11-01 | 45 days | 1,473 sqft |
| 2022-12-01 | 53 days | 1,472 sqft |
| 2023-01-01 | 54 days | 1,494 sqft |
| 2023-02-01 | 61 days | 1,483 sqft |
| 2023-03-01 | 58 days | 1,462 sqft |
| 2023-04-01 | 54 days | 1,552 sqft |
| 2023-05-01 | 35 days | 1,549 sqft |
| 2023-06-01 | 32 days | 1,542 sqft |
| 2023-07-01 | 29 days | 1,430 sqft |
| 2023-08-01 | 31 days | 1,427 sqft |
| 2023-09-01 | 40 days | 1,430 sqft |
| 2023-10-01 | 46 days | 1,430 sqft |
| 2023-11-01 | 45 days | 1,451 sqft |
| 2023-12-01 | 57 days | 1,443 sqft |
| 2024-01-01 | 69 days | 1,443 sqft |
| 2024-02-01 | 71 days | 1,456 sqft |
| 2024-03-01 | 52 days | 1,486 sqft |
| 2024-04-01 | 47 days | 1,473 sqft |
| 2024-05-01 | 32 days | 1,495 sqft |
| 2024-06-01 | 33 days | 1,625 sqft |
| 2024-07-01 | 43 days | 1,639 sqft |
| 2024-08-01 | 34 days | 1,610 sqft |
| 2024-09-01 | 35 days | 1,505 sqft |
| 2024-10-01 | 43 days | 1,542 sqft |
| 2024-11-01 | 44 days | 1,616 sqft |
Saginaw's median square footage for active listings during the 2024-11-01 period was 1,616 sqft. One year prior, the average listing was 1,451 sqft.