Sturgis USDA Loan Rates, Closing Costs & Stats

Sturgis, MI

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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.

    Sturgis's 11 lenders originated 23 USDA loans during 2023. The total origination value was $3,585,000, with an average USDA loan value of $155,870.

    Sturgis USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Sturgis averaged 6.26% for the week of 2024-12-13, compared to the national average (all USDA variants) of 6.303% for the same period.

    Sturgis's average USDA mortgage closing costs are $4,444.

    The average rate for the prior week (2024-12-06) was 6.6% and one month ago for the week of 2024-11-08, the average rate was 6.41%.

    The average rate one year ago was 6.88%.

    For refis of the same type during the week of 2024-12-13, the average rate was 6.1%.

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

    Sturgis 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 Sturgis level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    RUOFF MORTGAGE COMPANY, INC. 5 6.73% $2,520
    UNION HOME MORTGAGE CORP. 5 7.10% $8,646
    CROSSCOUNTRY MORTGAGE, LLC 3 7.25% $7,913
    OAK MORTGAGE, LLC 3 6.21% $3,440
    LAKE MICHIGAN CREDIT UNION 1 5.75% $7,071
    MICHIGAN MUTUAL, INC. 1 5.88% $4,965
    Neighborhood Loans, Inc. 1 8.00% $4,996
    Fifth Third Bank 1 6.13% $4,556
    FIRST COLONY MORTGAGE CORPORATION 1 7.25% $4,709
    SUCCESS MORTGAGE PARTNERS, INC. 1 7.13% $6,495
    GVC MORTGAGE, INC. 1 7.13% $4,419

    The top Sturgis USDA lender as defined by loan originations is RUOFF MORTGAGE COMPANY, INC., with 5 USDA loans originated. Their average total fees are $2,520, which is $6,126 lower than the next largest lender, UNION HOME MORTGAGE CORP..

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

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

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Sturgis (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 $161,200 (15.2%) $205,540 (6.3%) 0.00 157
    2018-02-01 $166,675 (19.1%) $212,100 (11.3%) 0.00 149
    2018-03-01 $169,900 (7.2%) $216,607 (0.4%) 0.00 144
    2018-04-01 $181,425 (9.3%) $230,524 (7.7%) 0.00 146
    2018-05-01 $202,450 (23.8%) $236,456 (12.1%) 0.00 156
    2018-06-01 $199,900 (21.0%) $238,874 (12.1%) 0.00 158
    2018-07-01 $184,975 (12.1%) $243,687 (14.1%) 0.00 184
    2018-08-01 $173,000 (8.2%) $238,035 (13.3%) 0.00 197
    2018-09-01 $167,950 (3.7%) $235,066 (10.8%) 0.00 194
    2018-10-01 $167,400 (3.4%) $238,953 (12.9%) 0.00 181
    2018-11-01 $173,675 (8.6%) $234,879 (9.8%) 0.00 179
    2018-12-01 $159,900 (-3.0%) $226,745 (5.6%) 0.00 174
    2019-01-01 $168,950 (4.8%) $233,003 (13.4%) 0.00 156
    2019-02-01 $178,650 (7.2%) $247,638 (16.8%) 0.00 140
    2019-03-01 $189,729 (11.7%) $271,752 (25.5%) 0.00 140
    2019-04-01 $192,904 (6.3%) $276,797 (20.1%) 0.00 149
    2019-05-01 $213,725 (5.6%) $292,083 (23.5%) 0.00 155
    2019-06-01 $213,500 (6.8%) $284,092 (18.9%) 0.00 163
    2019-07-01 $193,225 (4.5%) $267,110 (9.6%) 0.00 188
    2019-08-01 $188,873 (9.2%) $265,822 (11.7%) 0.00 200
    2019-09-01 $185,007 (10.2%) $262,666 (11.7%) 0.00 216
    2019-10-01 $180,950 (8.1%) $258,573 (8.2%) 0.00 227
    2019-11-01 $179,900 (3.6%) $242,109 (3.1%) 0.00 206
    2019-12-01 $163,825 (2.5%) $231,212 (2.0%) 0.00 198
    2020-01-01 $177,450 (5.0%) $236,874 (1.7%) 0.00 186
    2020-02-01 $181,950 (1.9%) $246,263 (-0.6%) 0.00 186
    2020-03-01 $183,425 (-3.3%) $259,045 (-4.7%) 0.00 167
    2020-04-01 $189,400 (-1.8%) $268,313 (-3.1%) 0.00 157
    2020-05-01 $197,250 (-7.7%) $286,762 (-1.8%) 0.00 148
    2020-06-01 $222,350 (4.2%) $305,475 (7.5%) 0.00 133
    2020-07-01 $212,273 (9.9%) $313,943 (17.5%) 0.00 125
    2020-08-01 $219,950 (16.5%) $316,475 (19.1%) 0.00 102
    2020-09-01 $193,444 (4.6%) $301,610 (14.8%) 0.00 81
    2020-10-01 $169,950 (-6.1%) $289,563 (12.0%) 0.00 88
    2020-11-01 $180,975 (0.6%) $306,961 (26.8%) 0.00 82
    2020-12-01 $156,800 (-4.3%) $302,197 (30.7%) 0.00 82
    2021-01-01 $149,950 (-15.5%) $309,138 (30.5%) 0.00 61
    2021-02-01 $169,150 (-7.0%) $314,921 (27.9%) 0.00 44
    2021-03-01 $162,150 (-11.6%) $372,944 (44.0%) 0.00 42
    2021-04-01 $197,400 (4.2%) $414,570 (54.5%) 0.00 34
    2021-05-01 $225,000 (14.1%) $419,214 (46.2%) 0.00 38
    2021-06-01 $232,500 (4.6%) $383,613 (25.6%) 0.00 58
    2021-07-01 $231,950 (9.3%) $354,345 (12.9%) 0.00 65
    2021-08-01 $225,000 (2.3%) $346,263 (9.4%) 0.00 74
    2021-09-01 $222,450 (15.0%) $347,732 (15.3%) 0.00 86
    2021-10-01 $225,000 (32.4%) $387,132 (33.7%) 0.00 77
    2021-11-01 $186,250 (2.9%) $320,273 (4.3%) 0.00 72
    2021-12-01 $181,950 (16.0%) $317,323 (5.0%) 0.00 64
    2022-01-01 $175,900 (17.3%) $322,176 (4.2%) 0.00 62
    2022-02-01 $174,950 (3.4%) $287,517 (-8.7%) 0.00 69
    2022-03-01 $175,158 (8.0%) $306,692 (-17.8%) 0.00 56
    2022-04-01 $239,900 (21.5%) $354,518 (-14.5%) 0.00 51
    2022-05-01 $256,200 (13.9%) $340,282 (-18.8%) 0.00 65
    2022-06-01 $267,200 (14.9%) $381,475 (-0.6%) 0.00 83
    2022-07-01 $247,500 (6.7%) $319,078 (-10.0%) 0.00 95
    2022-08-01 $213,725 (-5.0%) $292,578 (-15.5%) 0.00 103
    2022-09-01 $239,450 (7.6%) $302,600 (-13.0%) 0.00 98
    2022-10-01 $229,900 (2.2%) $297,162 (-23.2%) 0.00 92
    2022-11-01 $210,000 (12.8%) $268,350 (-16.2%) 0.00 95
    2022-12-01 $199,900 (9.9%) $258,989 (-18.4%) 0.00 94
    2023-01-01 $204,950 (16.5%) $253,517 (-21.3%) 0.00 84
    2023-02-01 $210,500 (20.3%) $275,279 (-4.3%) 0.00 65
    2023-03-01 $211,400 (20.7%) $311,829 (1.7%) 0.00 42
    2023-04-01 $249,900 (4.2%) $310,953 (-12.3%) 0.00 49
    2023-05-01 $247,475 (-3.4%) $292,771 (-14.0%) 0.00 59
    2023-06-01 $269,225 (0.8%) $341,760 (-10.4%) 0.00 67
    2023-07-01 $254,900 (3.0%) $343,952 (7.8%) 0.00 75
    2023-08-01 $254,900 (19.3%) $340,703 (16.5%) 0.00 85
    2023-09-01 $249,950 (4.4%) $343,936 (13.7%) 0.00 80
    2023-10-01 $233,650 (1.6%) $338,395 (13.9%) 0.00 89
    2023-11-01 $220,225 (4.9%) $317,808 (18.4%) 0.00 82
    2023-12-01 $229,900 (15.0%) $345,686 (33.5%) 0.00 77
    2024-01-01 $217,250 (6.0%) $323,614 (27.7%) 0.00 76
    2024-02-01 $231,500 (10.0%) $296,590 (7.7%) 0.00 71
    2024-03-01 $239,450 (13.3%) $295,803 (-5.1%) 0.00 83
    2024-04-01 $256,950 (2.8%) $335,727 (8.0%) 0.00 90
    2024-05-01 $289,000 (16.8%) $381,839 (30.4%) 0.00 89
    2024-06-01 $299,998 (11.4%) $381,086 (11.5%) 0.00 102
    2024-07-01 $262,450 (3.0%) $328,715 (-4.4%) 0.00 101
    2024-08-01 $269,900 (5.9%) $326,970 (-4.0%) 0.00 114
    2024-09-01 $257,400 (3.0%) $308,897 (-10.2%) 0.00 136
    2024-10-01 $267,675 (14.6%) $318,022 (-6.0%) 0.00 152
    2024-11-01 $250,000 (13.5%) $290,244 (-8.7%) 0.00 122
    Sturgis's median listing price for 2024-11-01 was $250,000, a difference of $29,775 (13.5%) versus the prior year and $-17,675 versus the prior month.

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

    Sturgis's average listing price for 2024-11-01 was $290,244, a difference of $-27,564 (-8.7%) versus the prior year and $-27,778 versus the prior month.

    For the 2024-11-01 period, Sturgis had 122 MLS listings, a difference of -30 listings (-20%) versus the prior month and 40 listings (49%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Sturgis (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,754 sqft
    2018-02-01 0 days 1,734 sqft
    2018-03-01 0 days 1,741 sqft
    2018-04-01 0 days 1,783 sqft
    2018-05-01 0 days 1,804 sqft
    2018-06-01 0 days 1,775 sqft
    2018-07-01 0 days 1,789 sqft
    2018-08-01 0 days 1,733 sqft
    2018-09-01 0 days 1,877 sqft
    2018-10-01 0 days 1,880 sqft
    2018-11-01 0 days 1,935 sqft
    2018-12-01 0 days 1,850 sqft
    2019-01-01 0 days 1,946 sqft
    2019-02-01 0 days 1,935 sqft
    2019-03-01 0 days 1,894 sqft
    2019-04-01 0 days 1,836 sqft
    2019-05-01 0 days 1,879 sqft
    2019-06-01 0 days 1,840 sqft
    2019-07-01 0 days 1,767 sqft
    2019-08-01 0 days 1,829 sqft
    2019-09-01 0 days 1,818 sqft
    2019-10-01 0 days 1,805 sqft
    2019-11-01 0 days 1,800 sqft
    2019-12-01 0 days 1,710 sqft
    2020-01-01 0 days 1,766 sqft
    2020-02-01 0 days 1,741 sqft
    2020-03-01 0 days 1,783 sqft
    2020-04-01 0 days 1,770 sqft
    2020-05-01 0 days 1,801 sqft
    2020-06-01 0 days 1,893 sqft
    2020-07-01 0 days 1,849 sqft
    2020-08-01 0 days 1,931 sqft
    2020-09-01 0 days 1,756 sqft
    2020-10-01 0 days 1,720 sqft
    2020-11-01 0 days 1,708 sqft
    2020-12-01 0 days 1,624 sqft
    2021-01-01 0 days 1,654 sqft
    2021-02-01 0 days 1,669 sqft
    2021-03-01 0 days 1,628 sqft
    2021-04-01 0 days 1,664 sqft
    2021-05-01 0 days 1,844 sqft
    2021-06-01 0 days 1,922 sqft
    2021-07-01 0 days 1,890 sqft
    2021-08-01 0 days 1,977 sqft
    2021-09-01 0 days 1,799 sqft
    2021-10-01 0 days 1,800 sqft
    2021-11-01 0 days 1,741 sqft
    2021-12-01 0 days 1,701 sqft
    2022-01-01 0 days 1,700 sqft
    2022-02-01 0 days 1,737 sqft
    2022-03-01 0 days 1,675 sqft
    2022-04-01 0 days 1,816 sqft
    2022-05-01 0 days 1,822 sqft
    2022-06-01 0 days 1,802 sqft
    2022-07-01 0 days 1,783 sqft
    2022-08-01 0 days 1,769 sqft
    2022-09-01 0 days 1,731 sqft
    2022-10-01 0 days 1,833 sqft
    2022-11-01 0 days 1,802 sqft
    2022-12-01 0 days 1,730 sqft
    2023-01-01 0 days 1,786 sqft
    2023-02-01 0 days 1,800 sqft
    2023-03-01 0 days 1,755 sqft
    2023-04-01 0 days 1,800 sqft
    2023-05-01 0 days 1,703 sqft
    2023-06-01 0 days 1,867 sqft
    2023-07-01 0 days 1,830 sqft
    2023-08-01 0 days 1,785 sqft
    2023-09-01 0 days 1,826 sqft
    2023-10-01 0 days 1,628 sqft
    2023-11-01 0 days 1,619 sqft
    2023-12-01 0 days 1,700 sqft
    2024-01-01 0 days 1,655 sqft
    2024-02-01 0 days 1,635 sqft
    2024-03-01 0 days 1,645 sqft
    2024-04-01 0 days 1,863 sqft
    2024-05-01 0 days 1,988 sqft
    2024-06-01 0 days 2,000 sqft
    2024-07-01 0 days 1,793 sqft
    2024-08-01 0 days 1,822 sqft
    2024-09-01 0 days 1,772 sqft
    2024-10-01 0 days 1,745 sqft
    2024-11-01 0 days 1,690 sqft
    Sturgis's median listing age (time on market) for 2024-11-01 was 0 days.

    Sturgis's median square footage for active listings during the 2024-11-01 period was 1,690 sqft. One year prior, the average listing was 1,619 sqft.