Sandusky USDA Loan Rates, Closing Costs & Stats

Sandusky, 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.

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 6.81% for the week of 2024-07-19, compared to the national average (all USDA variants) of 6.628% for the same period.

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

The average rate for the prior week (2024-07-12) was 6.83% and one month ago for the week of 2024-06-14, the average rate was 6.96%.

The average rate one year ago was 6.61%.

For refis of the same type during the week of 2024-07-19, the average rate was 6.43%.

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
2024-04-01 $341,250 (36.6%) $498,625 (35.3%) 0.00 111
2024-05-01 $370,725 (44.0%) $547,373 (48.4%) 0.00 114
2024-06-01 $384,495 (14.8%) $617,801 (42.9%) 0.00 128
Sandusky's median listing price for 2024-06-01 was $384,495, a difference of $49,595 (14.8%) versus the prior year and $13,770 versus the prior month.

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

Sandusky's average listing price for 2024-06-01 was $617,801, a difference of $185,586 (42.9%) versus the prior year and $70,428 versus the prior month.

For the 2024-06-01 period, Sandusky had 128 MLS listings, a difference of 14 listings (12%) versus the prior month and 21 listings (20%) 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 1,804 sqft
2024-03-01 0 days 1,772 sqft
2024-04-01 0 days 1,828 sqft
2024-05-01 0 days 1,842 sqft
2024-06-01 0 days 1,965 sqft
Sandusky's median listing age (time on market) for 2024-06-01 was 0 days.

Sandusky's median square footage for active listings during the 2024-06-01 period was 1,965 sqft. One year prior, the average listing was 1,754 sqft.