Scottsburg USDA Loan Rates, Closing Costs & Stats

Scottsburg, IN

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.

Scottsburg's 14 lenders originated 43 USDA loans during 2024. The total origination value was $7,685,000, with an average USDA loan value of $178,721.

Scottsburg USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Scottsburg averaged 6.7% for the week of 2025-05-23, compared to the national average (all USDA variants) of 6.433% for the same period.

Scottsburg's average USDA mortgage closing costs are $4,518.

The average rate for the prior week (2025-05-16) was 6.93% and one month ago for the week of 2025-04-18, the average rate was 6.72%.

The average rate one year ago was 7.08%.

For refis of the same type during the week of 2025-05-23, the average rate was 6.33%.

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

Scottsburg 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 Scottsburg level.

Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
DIRECT MORTGAGE LOANS, LLC 12 6.33% $8,486
INTERLINC MORTGAGE SERVICES, LLC 7 6.91% $2,511
Century Mortgage Company DBA Century Lending Company 5 6.25% $5,328
Magnolia Bank 3 6.12% $4,207
LEADERONE FINANCIAL CORPORATION 2 7.13% $5,640
UNITED WHOLESALE MORTGAGE, LLC 2 6.00% $4,782
NORWICH COMMERCIAL GROUP, INC. 2 5.50% $6,389
RUOFF MORTGAGE COMPANY, INC. 1 6.75% $1,009
STOCKTON MORTGAGE CORPORATION 1 6.75% $4,761
SUCCESS MORTGAGE PARTNERS, INC. 1 6.00% $10,319
Flagstar Bank, FSB 1 7.03% $7,735
Wolfe Financial, Inc 1 7.00% $7,074
Equity Prime Mortgage LLC 1 5.88% $5,232
CMG MORTGAGE, INC. 1 6.88% $8,570

The top Scottsburg USDA lender as defined by loan originations is DIRECT MORTGAGE LOANS, LLC, with 12 USDA loans originated. Their average total fees are $8,486, which is $5,976 higher than the next largest lender, INTERLINC MORTGAGE SERVICES, LLC.

The lowest fee Scottsburg USDA lenders (with over 10 loans originated) are DIRECT MORTGAGE LOANS, LLC ($8,486), .

The lowest rate Scottsburg USDA lenders (with over 10 loans originated) are DIRECT MORTGAGE LOANS, LLC (6.33%), .