Terre Haute USDA Loan Rates, Closing Costs & Stats
TERRE HAUTE, 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.
Terre Haute's 14 lenders originated 68 USDA loans during 2023. The total origination value was $8,350,000, with an average USDA loan value of $122,794.
Terre Haute USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Terre Haute
averaged
6.88%
for the week of 2025-02-14, compared to the national average (all USDA variants) of
6.526% for the same period.
Terre Haute's average USDA mortgage closing costs are $2,866.
The average rate for the prior week (2025-02-07) was
6.54% and
one month ago for the week of 2025-01-10, the
average rate was 6.79%.
The average rate one year ago was 6.88%.
For refis of the same type during the week of 2025-02-14, the average rate
was 6.95%.
Terre Haute 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 Terre Haute level.
| Name | # of Loans | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
|---|---|---|---|
| RUOFF MORTGAGE COMPANY, INC. | 21 | 6.85% | $2,357 |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | 10 | 7.33% | $2,733 |
| MOVEMENT MORTGAGE, LLC | 10 | 7.20% | $5,547 |
| GVC MORTGAGE, INC. | 7 | 7.20% | $4,350 |
| Wolfe Financial, Inc | 5 | 7.23% | $4,385 |
| Fifth Third Bank | 4 | 6.19% | $4,319 |
| First Option Mortgage, LLC | 2 | 6.38% | $6,257 |
| STOCKTON MORTGAGE CORPORATION | 2 | 3.63% | $10,431 |
| First Financial Bank | 1 | 7.25% | $3,633 |
| FAIR WAY LENDING LLC | 1 | 6.50% | $3,941 |
| Elements Financial Federal Credit Union | 1 | 6.25% | $4,294 |
| CALIBER HOME LOANS, INC. | 1 | 6.25% | $4,918 |
| THRIVE MORTGAGE, LLC | 1 | 6.13% | $3,353 |
| BROKER SOLUTIONS, INC. | 1 | 7.13% | $4,264 |
The top Terre Haute USDA lender as defined by loan originations is RUOFF MORTGAGE COMPANY, INC., with
21 USDA loans originated. Their average total fees are
$2,357, which is $376
lower than the next largest lender,
FAIRWAY INDEPENDENT MORTGAGE CORPORATION.
The lowest fee Terre Haute USDA lenders (with over 10 loans originated) are
RUOFF MORTGAGE COMPANY, INC. ($2,357), FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($2,733), MOVEMENT MORTGAGE, LLC ($5,547), .
The lowest rate Terre Haute USDA lenders (with over 10 loans originated) are
RUOFF MORTGAGE COMPANY, INC. (6.85%), MOVEMENT MORTGAGE, LLC (7.20%), FAIRWAY INDEPENDENT MORTGAGE CORPORATION (7.33%), .
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Terre Haute (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 | $77,750 (-4.8%) | $125,551 (4.2%) | 0.30 | 500 |
| 2018-02-01 | $76,800 (-3.9%) | $131,651 (9.4%) | 0.29 | 477 |
| 2018-03-01 | $79,900 (-5.7%) | $139,613 (12.3%) | 0.28 | 435 |
| 2018-04-01 | $86,900 (-0.1%) | $147,646 (15.8%) | 0.31 | 454 |
| 2018-05-01 | $89,900 (0.0%) | $140,432 (3.7%) | 0.32 | 449 |
| 2018-06-01 | $99,900 (5.8%) | $148,249 (6.4%) | 0.37 | 488 |
| 2018-07-01 | $100,150 (11.4%) | $145,599 (4.4%) | 0.37 | 503 |
| 2018-08-01 | $109,675 (22.0%) | $145,394 (3.7%) | 0.37 | 500 |
| 2018-09-01 | $105,000 (16.8%) | $141,309 (0.1%) | 0.37 | 555 |
| 2018-10-01 | $100,650 (14.4%) | $142,161 (6.1%) | 0.36 | 573 |
| 2018-11-01 | $99,900 (25.7%) | $139,558 (10.5%) | 0.36 | 564 |
| 2018-12-01 | $92,750 (16.7%) | $135,600 (8.9%) | 0.33 | 542 |
| 2019-01-01 | $89,900 (15.6%) | $131,529 (4.8%) | 0.32 | 526 |
| 2019-02-01 | $89,900 (17.1%) | $134,234 (2.0%) | 0.31 | 480 |
| 2019-03-01 | $88,657 (11.0%) | $136,337 (-2.4%) | 0.30 | 443 |
| 2019-04-01 | $88,657 (2.0%) | $141,584 (-4.1%) | 0.30 | 418 |
| 2019-05-01 | $87,075 (-3.1%) | $143,088 (1.9%) | 0.30 | 418 |
| 2019-06-01 | $89,000 (-10.9%) | $143,276 (-3.4%) | 0.30 | 474 |
| 2019-07-01 | $94,950 (-5.2%) | $148,252 (1.8%) | 0.33 | 492 |
| 2019-08-01 | $96,486 (-12.0%) | $146,368 (0.7%) | 0.33 | 506 |
| 2019-09-01 | $98,041 (-6.6%) | $144,540 (2.3%) | 0.33 | 524 |
| 2019-10-01 | $96,902 (-3.7%) | $141,661 (-0.4%) | 0.32 | 537 |
| 2019-11-01 | $89,900 (-10.0%) | $135,377 (-3.0%) | 0.31 | 504 |
| 2019-12-01 | $87,975 (-5.2%) | $131,255 (-3.2%) | 0.30 | 471 |
| 2020-01-01 | $90,075 (0.2%) | $137,215 (4.3%) | 0.32 | 480 |
| 2020-02-01 | $95,000 (5.7%) | $139,628 (4.0%) | 0.33 | 516 |
| 2020-03-01 | $94,425 (6.5%) | $142,949 (4.9%) | 0.31 | 435 |
| 2020-04-01 | $94,200 (6.3%) | $144,612 (2.1%) | 0.31 | 401 |
| 2020-05-01 | $99,900 (14.7%) | $161,097 (12.6%) | 0.33 | 359 |
| 2020-06-01 | $109,250 (22.8%) | $163,408 (14.1%) | 0.34 | 352 |
| 2020-07-01 | $129,900 (36.8%) | $176,727 (19.2%) | 0.40 | 334 |
| 2020-08-01 | $114,900 (19.1%) | $174,841 (19.5%) | 0.35 | 338 |
| 2020-09-01 | $115,950 (18.3%) | $169,506 (17.3%) | 0.34 | 333 |
| 2020-10-01 | $117,450 (21.2%) | $172,887 (22.0%) | 0.34 | 291 |
| 2020-11-01 | $100,450 (11.7%) | $172,478 (27.4%) | 0.32 | 295 |
| 2020-12-01 | $99,700 (13.3%) | $168,054 (28.0%) | 0.30 | 277 |
| 2021-01-01 | $98,000 (8.8%) | $167,679 (22.2%) | 0.30 | 247 |
| 2021-02-01 | $100,000 (5.3%) | $165,832 (18.8%) | 0.34 | 207 |
| 2021-03-01 | $100,000 (5.9%) | $165,912 (16.1%) | 0.34 | 191 |
| 2021-04-01 | $132,475 (40.6%) | $185,720 (28.4%) | 0.37 | 171 |
| 2021-05-01 | $134,900 (35.0%) | $193,366 (20.0%) | 0.40 | 181 |
| 2021-06-01 | $124,900 (14.3%) | $190,003 (16.3%) | 0.35 | 218 |
| 2021-07-01 | $124,900 (-3.9%) | $184,134 (4.2%) | 0.34 | 246 |
| 2021-08-01 | $139,900 (21.8%) | $200,680 (14.8%) | 0.39 | 252 |
| 2021-09-01 | $131,300 (13.2%) | $194,175 (14.6%) | 0.37 | 286 |
| 2021-10-01 | $130,000 (10.7%) | $196,787 (13.8%) | 0.36 | 267 |
| 2021-11-01 | $127,450 (26.9%) | $191,353 (10.9%) | 0.35 | 235 |
| 2021-12-01 | $117,925 (18.3%) | $189,751 (12.9%) | 0.32 | 202 |
| 2022-01-01 | $109,900 (12.1%) | $175,144 (4.5%) | 0.32 | 181 |
| 2022-02-01 | $104,950 (5.0%) | $158,022 (-4.7%) | 0.30 | 156 |
| 2022-03-01 | $120,000 (20.0%) | $154,648 (-6.8%) | 0.32 | 151 |
| 2022-04-01 | $125,000 (-5.6%) | $165,196 (-11.1%) | 0.32 | 154 |
| 2022-05-01 | $132,400 (-1.9%) | $179,072 (-7.4%) | 0.32 | 181 |
| 2022-06-01 | $148,475 (18.9%) | $200,237 (5.4%) | 0.34 | 205 |
| 2022-07-01 | $149,900 (20.0%) | $196,192 (6.6%) | 0.36 | 246 |
| 2022-08-01 | $139,900 (0.0%) | $189,162 (-5.7%) | 0.35 | 271 |
| 2022-09-01 | $145,000 (10.4%) | $181,463 (-6.6%) | 0.36 | 284 |
| 2022-10-01 | $146,250 (12.5%) | $190,101 (-3.4%) | 0.36 | 290 |
| 2022-11-01 | $153,950 (20.8%) | $191,735 (0.2%) | 0.39 | 299 |
| 2022-12-01 | $142,450 (20.8%) | $190,529 (0.4%) | 0.39 | 266 |
| 2023-01-01 | $146,950 (33.7%) | $190,099 (8.5%) | 0.39 | 259 |
| 2023-02-01 | $143,825 (37.0%) | $195,938 (24.0%) | 0.37 | 226 |
| 2023-03-01 | $149,900 (24.9%) | $214,091 (38.4%) | 0.39 | 207 |
| 2023-04-01 | $149,900 (19.9%) | $205,058 (24.1%) | 0.38 | 194 |
| 2023-05-01 | $158,750 (19.9%) | $216,244 (20.8%) | 0.41 | 177 |
| 2023-06-01 | $154,950 (4.4%) | $218,318 (9.0%) | 0.40 | 194 |
| 2023-07-01 | $169,900 (13.3%) | $221,360 (12.8%) | 0.40 | 215 |
| 2023-08-01 | $159,925 (14.3%) | $207,765 (9.8%) | 0.39 | 251 |
| 2023-09-01 | $158,999 (9.7%) | $206,813 (14.0%) | 0.37 | 262 |
| 2023-10-01 | $154,950 (6.0%) | $204,644 (7.7%) | 0.38 | 299 |
| 2023-11-01 | $161,500 (4.9%) | $210,148 (9.6%) | 0.40 | 318 |
| 2023-12-01 | $165,000 (15.8%) | $212,467 (11.5%) | 0.43 | 298 |
| 2024-01-01 | $169,900 (15.6%) | $217,082 (14.2%) | 0.44 | 272 |
| 2024-02-01 | $162,000 (12.6%) | $208,865 (6.6%) | 0.41 | 260 |
| 2024-03-01 | $174,950 (16.7%) | $225,940 (5.5%) | 0.42 | 273 |
| 2024-04-01 | $177,450 (18.4%) | $238,579 (16.4%) | 0.42 | 263 |
| 2024-05-01 | $179,900 (13.3%) | $244,603 (13.1%) | 0.42 | 282 |
| 2024-06-01 | $179,900 (16.1%) | $247,933 (13.6%) | 0.43 | 294 |
| 2024-07-01 | $174,450 (2.7%) | $231,794 (4.7%) | 0.41 | 323 |
| 2024-08-01 | $174,900 (9.4%) | $225,933 (8.7%) | 0.42 | 364 |
| 2024-09-01 | $174,950 (10.0%) | $228,710 (10.6%) | 0.42 | 366 |
| 2024-10-01 | $171,625 (10.8%) | $223,089 (9.0%) | 0.42 | 368 |
| 2024-11-01 | $169,900 (5.2%) | $220,168 (4.8%) | 0.42 | 360 |
| 2024-12-01 | $174,925 (6.0%) | $221,366 (4.2%) | 0.44 | 335 |
| 2025-01-01 | $177,250 (4.3%) | $224,870 (3.6%) | 0.00 | 300 |
Terre Haute's median listing price comes in at 0% of the national average.
Terre Haute's average listing price for 2025-01-01 was $224,870, a difference of $7,788 (3.6%) versus the prior year and $3,504 versus the prior month.
For the 2025-01-01 period, Terre Haute had 300 MLS listings, a difference of -35 listings (-10%) versus the prior month and 28 listings (10%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Terre Haute (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 82 days | 1,526 sqft |
| 2018-02-01 | 83 days | 1,527 sqft |
| 2018-03-01 | 74 days | 1,571 sqft |
| 2018-04-01 | 56 days | 1,720 sqft |
| 2018-05-01 | 60 days | 1,683 sqft |
| 2018-06-01 | 55 days | 1,701 sqft |
| 2018-07-01 | 58 days | 1,673 sqft |
| 2018-08-01 | 60 days | 1,726 sqft |
| 2018-09-01 | 54 days | 1,728 sqft |
| 2018-10-01 | 63 days | 1,743 sqft |
| 2018-11-01 | 67 days | 1,681 sqft |
| 2018-12-01 | 74 days | 1,653 sqft |
| 2019-01-01 | 85 days | 1,599 sqft |
| 2019-02-01 | 88 days | 1,576 sqft |
| 2019-03-01 | 73 days | 1,604 sqft |
| 2019-04-01 | 55 days | 1,626 sqft |
| 2019-05-01 | 57 days | 1,598 sqft |
| 2019-06-01 | 54 days | 1,599 sqft |
| 2019-07-01 | 60 days | 1,599 sqft |
| 2019-08-01 | 66 days | 1,599 sqft |
| 2019-09-01 | 69 days | 1,599 sqft |
| 2019-10-01 | 72 days | 1,599 sqft |
| 2019-11-01 | 74 days | 1,561 sqft |
| 2019-12-01 | 87 days | 1,550 sqft |
| 2020-01-01 | 88 days | 1,561 sqft |
| 2020-02-01 | 88 days | 1,534 sqft |
| 2020-03-01 | 67 days | 1,490 sqft |
| 2020-04-01 | 70 days | 1,513 sqft |
| 2020-05-01 | 81 days | 1,587 sqft |
| 2020-06-01 | 76 days | 1,599 sqft |
| 2020-07-01 | 58 days | 1,599 sqft |
| 2020-08-01 | 57 days | 1,575 sqft |
| 2020-09-01 | 51 days | 1,567 sqft |
| 2020-10-01 | 52 days | 1,597 sqft |
| 2020-11-01 | 57 days | 1,599 sqft |
| 2020-12-01 | 64 days | 1,584 sqft |
| 2021-01-01 | 74 days | 1,512 sqft |
| 2021-02-01 | 67 days | 1,513 sqft |
| 2021-03-01 | 54 days | 1,508 sqft |
| 2021-04-01 | 49 days | 1,598 sqft |
| 2021-05-01 | 31 days | 1,599 sqft |
| 2021-06-01 | 28 days | 1,600 sqft |
| 2021-07-01 | 33 days | 1,599 sqft |
| 2021-08-01 | 39 days | 1,725 sqft |
| 2021-09-01 | 40 days | 1,634 sqft |
| 2021-10-01 | 44 days | 1,599 sqft |
| 2021-11-01 | 47 days | 1,492 sqft |
| 2021-12-01 | 60 days | 1,498 sqft |
| 2022-01-01 | 57 days | 1,487 sqft |
| 2022-02-01 | 63 days | 1,493 sqft |
| 2022-03-01 | 39 days | 1,459 sqft |
| 2022-04-01 | 37 days | 1,559 sqft |
| 2022-05-01 | 28 days | 1,582 sqft |
| 2022-06-01 | 35 days | 1,607 sqft |
| 2022-07-01 | 33 days | 1,632 sqft |
| 2022-08-01 | 39 days | 1,599 sqft |
| 2022-09-01 | 45 days | 1,690 sqft |
| 2022-10-01 | 52 days | 1,680 sqft |
| 2022-11-01 | 53 days | 1,757 sqft |
| 2022-12-01 | 62 days | 1,599 sqft |
| 2023-01-01 | 71 days | 1,599 sqft |
| 2023-02-01 | 67 days | 1,599 sqft |
| 2023-03-01 | 58 days | 1,599 sqft |
| 2023-04-01 | 52 days | 1,599 sqft |
| 2023-05-01 | 38 days | 1,599 sqft |
| 2023-06-01 | 39 days | 1,599 sqft |
| 2023-07-01 | 40 days | 1,702 sqft |
| 2023-08-01 | 39 days | 1,729 sqft |
| 2023-09-01 | 46 days | 1,739 sqft |
| 2023-10-01 | 45 days | 1,712 sqft |
| 2023-11-01 | 48 days | 1,709 sqft |
| 2023-12-01 | 61 days | 1,616 sqft |
| 2024-01-01 | 70 days | 1,621 sqft |
| 2024-02-01 | 73 days | 1,606 sqft |
| 2024-03-01 | 53 days | 1,620 sqft |
| 2024-04-01 | 50 days | 1,622 sqft |
| 2024-05-01 | 48 days | 1,601 sqft |
| 2024-06-01 | 45 days | 1,656 sqft |
| 2024-07-01 | 47 days | 1,682 sqft |
| 2024-08-01 | 46 days | 1,736 sqft |
| 2024-09-01 | 51 days | 1,777 sqft |
| 2024-10-01 | 54 days | 1,731 sqft |
| 2024-11-01 | 57 days | 1,662 sqft |
| 2024-12-01 | 66 days | 1,611 sqft |
| 2025-01-01 | 0 days | 1,599 sqft |
Terre Haute's median square footage for active listings during the 2025-01-01 period was 1,599 sqft. One year prior, the average listing was 1,621 sqft.