Sandusky USDA Loan Rates, Closing Costs & Stats

Sandusky, 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.

    Sandusky's 5 lenders originated 7 USDA loans during 2023. The total origination value was $1,225,000, with an average USDA loan value of $175,000.

    Sandusky USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Sandusky averaged 6.94% for the week of 2024-04-19, compared to the national average (all USDA variants) of 6.863% for the same period.

    Sandusky's average USDA mortgage closing costs are $5,147.

    The average rate for the prior week (2024-04-12) was 6.59% and one month ago for the week of 2024-03-15, the average rate was 6.68%.

    The average rate one year ago was 6.51%.

    For refis of the same type during the week of 2024-04-19, the average rate was 7.06%.

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

    Sandusky 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 Sandusky level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    UNION CAPITAL MORTGAGE CORPORATION 2 6.75% $7,647
    UNION HOME MORTGAGE CORP. 2 7.56% $8,643
    Heartland Bank 1 7.13% $4,977
    LOANDEPOT.COM, LLC 1 7.25% $6,002
    MID AMERICA MORTGAGE, INC. 1 7.63% $4,569

    The top Sandusky USDA lender as defined by loan originations is UNION CAPITAL MORTGAGE CORPORATION, with 2 USDA loans originated. Their average total fees are $7,647, which is $996 lower than the next largest lender, UNION HOME MORTGAGE CORP..

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

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

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Sandusky (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 $167,450 (-1.5%) $258,495 (13.1%) 0.00 320
    2018-02-01 $183,800 (8.2%) $268,458 (13.5%) 0.00 318
    2018-03-01 $189,000 (11.2%) $287,193 (19.4%) 0.00 305
    2018-04-01 $197,075 (12.7%) $289,570 (18.2%) 0.00 318
    2018-05-01 $199,150 (15.5%) $283,353 (17.7%) 0.00 343
    2018-06-01 $209,900 (17.0%) $286,510 (14.5%) 0.00 356
    2018-07-01 $198,900 (7.6%) $272,996 (5.2%) 0.00 368
    2018-08-01 $203,950 (14.7%) $278,783 (9.9%) 0.00 365
    2018-09-01 $209,900 (16.7%) $285,741 (10.6%) 0.00 363
    2018-10-01 $199,450 (14.0%) $281,819 (10.2%) 0.00 342
    2018-11-01 $194,975 (14.7%) $273,243 (0.5%) 0.00 317
    2018-12-01 $195,000 (14.8%) $271,690 (6.7%) 0.00 298
    2019-01-01 $189,900 (13.4%) $264,353 (2.3%) 0.00 305
    2019-02-01 $188,950 (2.8%) $253,455 (-5.6%) 0.00 316
    2019-03-01 $189,329 (0.2%) $255,578 (-11.0%) 0.00 309
    2019-04-01 $189,900 (-3.6%) $258,074 (-10.9%) 0.00 303
    2019-05-01 $202,350 (1.6%) $254,181 (-10.3%) 0.00 312
    2019-06-01 $219,750 (4.7%) $267,999 (-6.5%) 0.00 308
    2019-07-01 $219,925 (10.6%) $267,303 (-2.1%) 0.00 312
    2019-08-01 $215,482 (5.7%) $267,819 (-3.9%) 0.00 309
    2019-09-01 $216,280 (3.0%) $273,292 (-4.4%) 0.00 303
    2019-10-01 $218,175 (9.4%) $276,837 (-1.8%) 0.00 299
    2019-11-01 $219,450 (12.6%) $270,768 (-0.9%) 0.00 287
    2019-12-01 $209,900 (7.6%) $267,474 (-1.6%) 0.00 277
    2020-01-01 $219,900 (15.8%) $272,702 (3.2%) 0.00 257
    2020-02-01 $214,500 (13.5%) $270,628 (6.8%) 0.00 236
    2020-03-01 $243,725 (28.7%) $291,680 (14.1%) 0.00 221
    2020-04-01 $259,900 (36.9%) $308,990 (19.7%) 0.00 216
    2020-05-01 $252,400 (24.7%) $308,556 (21.4%) 0.00 196
    2020-06-01 $244,925 (11.5%) $304,979 (13.8%) 0.00 180
    2020-07-01 $259,075 (17.8%) $319,643 (19.6%) 0.00 170
    2020-08-01 $269,000 (24.8%) $329,479 (23.0%) 0.00 161
    2020-09-01 $243,675 (12.7%) $295,930 (8.3%) 0.00 172
    2020-10-01 $234,950 (7.7%) $301,306 (8.8%) 0.00 179
    2020-11-01 $229,500 (4.6%) $305,408 (12.8%) 0.00 155
    2020-12-01 $240,650 (14.7%) $297,216 (11.1%) 0.00 142
    2021-01-01 $247,900 (12.7%) $308,376 (13.1%) 0.00 133
    2021-02-01 $246,175 (14.8%) $332,134 (22.7%) 0.00 110
    2021-03-01 $257,450 (5.6%) $397,783 (36.4%) 0.00 94
    2021-04-01 $274,200 (5.5%) $415,459 (34.5%) 0.00 94
    2021-05-01 $249,900 (-1.0%) $372,802 (20.8%) 0.00 96
    2021-06-01 $231,150 (-5.6%) $361,156 (18.4%) 0.00 103
    2021-07-01 $224,900 (-13.2%) $331,314 (3.7%) 0.00 120
    2021-08-01 $256,175 (-4.8%) $357,842 (8.6%) 0.00 111
    2021-09-01 $247,450 (1.6%) $372,833 (26.0%) 0.00 108
    2021-10-01 $214,900 (-8.5%) $351,277 (16.6%) 0.00 122
    2021-11-01 $244,500 (6.5%) $374,951 (22.8%) 0.00 132
    2021-12-01 $233,700 (-2.9%) $383,799 (29.1%) 0.00 107
    2022-01-01 $250,000 (0.9%) $396,951 (28.7%) 0.00 73
    2022-02-01 $258,500 (5.0%) $386,255 (16.3%) 0.00 68
    2022-03-01 $280,950 (9.1%) $448,405 (12.7%) 0.00 65
    2022-04-01 $262,400 (-4.3%) $416,894 (0.4%) 0.00 81
    2022-05-01 $258,750 (3.5%) $392,922 (5.4%) 0.00 81
    2022-06-01 $269,175 (16.5%) $364,134 (0.8%) 0.00 86
    2022-07-01 $244,450 (8.7%) $332,720 (0.4%) 0.00 104
    2022-08-01 $218,700 (-14.6%) $328,671 (-8.2%) 0.00 104
    2022-09-01 $239,250 (-3.3%) $346,265 (-7.1%) 0.00 101
    2022-10-01 $229,000 (6.6%) $334,848 (-4.7%) 0.00 116
    2022-11-01 $230,450 (-5.8%) $333,142 (-11.2%) 0.00 110
    2022-12-01 $249,900 (6.9%) $362,884 (-5.5%) 0.00 95
    2023-01-01 $249,900 (0.0%) $372,278 (-6.2%) 0.00 89
    2023-02-01 $264,900 (2.5%) $415,486 (7.6%) 0.00 74
    2023-03-01 $273,450 (-2.7%) $409,720 (-8.6%) 0.00 84
    2023-04-01 $249,839 (-4.8%) $368,456 (-11.6%) 0.00 93
    2023-05-01 $257,450 (-0.5%) $368,962 (-6.1%) 0.00 99
    2023-06-01 $334,900 (24.4%) $432,215 (18.7%) 0.00 107
    2023-07-01 $340,000 (39.1%) $441,031 (32.6%) 0.00 101
    2023-08-01 $314,950 (44.0%) $418,541 (27.3%) 0.00 112
    2023-09-01 $319,900 (33.7%) $393,497 (13.6%) 0.00 125
    2023-10-01 $333,700 (45.7%) $439,330 (31.2%) 0.00 120
    2023-11-01 $325,000 (41.0%) $433,970 (30.3%) 0.00 117
    2023-12-01 $334,450 (33.8%) $476,241 (31.2%) 0.00 118
    2024-01-01 $344,750 (38.0%) $495,549 (33.1%) 0.00 111
    2024-02-01 $349,800 (32.1%) $509,992 (22.8%) 0.00 95
    2024-03-01 $340,000 (24.3%) $482,426 (17.8%) 0.00 108
    Sandusky's median listing price for 2024-03-01 was $340,000, a difference of $66,550 (24.3%) versus the prior year and $-9,800 versus the prior month.

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

    Sandusky's average listing price for 2024-03-01 was $482,426, a difference of $72,706 (17.8%) versus the prior year and $-27,566 versus the prior month.

    For the 2024-03-01 period, Sandusky had 108 MLS listings, a difference of 13 listings (14%) versus the prior month and 24 listings (29%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Sandusky (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,680 sqft
    2018-02-01 0 days 1,698 sqft
    2018-03-01 0 days 1,700 sqft
    2018-04-01 0 days 1,701 sqft
    2018-05-01 0 days 1,693 sqft
    2018-06-01 0 days 1,756 sqft
    2018-07-01 0 days 1,800 sqft
    2018-08-01 0 days 1,800 sqft
    2018-09-01 0 days 1,800 sqft
    2018-10-01 0 days 1,848 sqft
    2018-11-01 0 days 1,815 sqft
    2018-12-01 0 days 1,816 sqft
    2019-01-01 0 days 1,765 sqft
    2019-02-01 0 days 1,704 sqft
    2019-03-01 0 days 1,719 sqft
    2019-04-01 0 days 1,737 sqft
    2019-05-01 0 days 1,699 sqft
    2019-06-01 0 days 1,726 sqft
    2019-07-01 0 days 1,739 sqft
    2019-08-01 0 days 1,773 sqft
    2019-09-01 0 days 1,826 sqft
    2019-10-01 0 days 1,851 sqft
    2019-11-01 0 days 1,851 sqft
    2019-12-01 0 days 1,895 sqft
    2020-01-01 0 days 1,907 sqft
    2020-02-01 0 days 1,788 sqft
    2020-03-01 0 days 1,854 sqft
    2020-04-01 0 days 1,851 sqft
    2020-05-01 0 days 1,814 sqft
    2020-06-01 0 days 1,800 sqft
    2020-07-01 0 days 1,773 sqft
    2020-08-01 0 days 1,854 sqft
    2020-09-01 0 days 1,771 sqft
    2020-10-01 0 days 1,766 sqft
    2020-11-01 0 days 1,742 sqft
    2020-12-01 0 days 1,769 sqft
    2021-01-01 0 days 1,664 sqft
    2021-02-01 0 days 1,595 sqft
    2021-03-01 0 days 1,704 sqft
    2021-04-01 0 days 1,813 sqft
    2021-05-01 0 days 1,760 sqft
    2021-06-01 0 days 1,678 sqft
    2021-07-01 0 days 1,692 sqft
    2021-08-01 0 days 1,784 sqft
    2021-09-01 0 days 1,831 sqft
    2021-10-01 0 days 1,724 sqft
    2021-11-01 0 days 1,832 sqft
    2021-12-01 0 days 1,768 sqft
    2022-01-01 0 days 1,724 sqft
    2022-02-01 0 days 1,886 sqft
    2022-03-01 0 days 1,831 sqft
    2022-04-01 0 days 1,704 sqft
    2022-05-01 0 days 1,702 sqft
    2022-06-01 0 days 1,780 sqft
    2022-07-01 0 days 1,680 sqft
    2022-08-01 0 days 1,702 sqft
    2022-09-01 0 days 1,850 sqft
    2022-10-01 0 days 1,705 sqft
    2022-11-01 0 days 1,598 sqft
    2022-12-01 0 days 1,650 sqft
    2023-01-01 0 days 1,735 sqft
    2023-02-01 0 days 1,690 sqft
    2023-03-01 0 days 1,621 sqft
    2023-04-01 0 days 1,577 sqft
    2023-05-01 0 days 1,611 sqft
    2023-06-01 0 days 1,754 sqft
    2023-07-01 0 days 1,695 sqft
    2023-08-01 0 days 1,690 sqft
    2023-09-01 0 days 1,759 sqft
    2023-10-01 0 days 1,715 sqft
    2023-11-01 0 days 1,723 sqft
    2023-12-01 0 days 1,784 sqft
    2024-01-01 0 days 1,849 sqft
    2024-02-01 0 days 1,806 sqft
    2024-03-01 0 days 1,772 sqft
    Sandusky's median listing age (time on market) for 2024-03-01 was 0 days.

    Sandusky's median square footage for active listings during the 2024-03-01 period was 1,772 sqft. One year prior, the average listing was 1,621 sqft.