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
6.92%
for the week of 2024-04-19, compared to the national average (all USDA variants) of
6.863% for the same period.
Terre Haute's average USDA mortgage closing costs are $2,866.
The average rate for the prior week (2024-04-12) was
6.77% and
one month ago for the week of 2024-03-15, the
average rate was 6.85%.
The average rate one year ago was 6.49%.
For refis of the same type during the week of 2024-04-19, the average rate
was 7.08%.
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 | $79,800 (-4.7%) | $126,051 (2.6%) | 0.30 | 554 |
| 2018-02-01 | $79,900 (-1.8%) | $132,013 (7.6%) | 0.29 | 526 |
| 2018-03-01 | $79,900 (-8.3%) | $140,259 (9.9%) | 0.28 | 480 |
| 2018-04-01 | $91,750 (2.1%) | $148,714 (13.2%) | 0.31 | 498 |
| 2018-05-01 | $94,850 (4.9%) | $142,239 (2.9%) | 0.32 | 499 |
| 2018-06-01 | $109,900 (13.3%) | $149,697 (5.8%) | 0.37 | 533 |
| 2018-07-01 | $110,975 (16.8%) | $149,879 (5.0%) | 0.37 | 553 |
| 2018-08-01 | $111,600 (17.6%) | $148,076 (3.1%) | 0.37 | 551 |
| 2018-09-01 | $109,700 (21.9%) | $144,448 (0.6%) | 0.37 | 605 |
| 2018-10-01 | $105,575 (16.7%) | $145,668 (6.0%) | 0.36 | 628 |
| 2018-11-01 | $104,925 (23.8%) | $143,753 (10.3%) | 0.36 | 614 |
| 2018-12-01 | $95,000 (18.9%) | $139,082 (9.6%) | 0.33 | 583 |
| 2019-01-01 | $92,925 (16.5%) | $134,505 (6.7%) | 0.32 | 564 |
| 2019-02-01 | $90,725 (13.6%) | $137,631 (4.3%) | 0.31 | 521 |
| 2019-03-01 | $91,929 (15.1%) | $140,597 (0.2%) | 0.30 | 487 |
| 2019-04-01 | $95,914 (4.5%) | $146,261 (-1.7%) | 0.30 | 472 |
| 2019-05-01 | $94,975 (0.1%) | $151,676 (6.6%) | 0.30 | 474 |
| 2019-06-01 | $94,900 (-13.7%) | $153,392 (2.5%) | 0.30 | 527 |
| 2019-07-01 | $105,675 (-4.8%) | $159,905 (6.7%) | 0.33 | 545 |
| 2019-08-01 | $103,936 (-6.9%) | $157,494 (6.4%) | 0.33 | 562 |
| 2019-09-01 | $101,666 (-7.3%) | $154,748 (7.1%) | 0.33 | 585 |
| 2019-10-01 | $99,900 (-5.4%) | $152,152 (4.5%) | 0.32 | 599 |
| 2019-11-01 | $94,900 (-9.6%) | $147,804 (2.8%) | 0.31 | 560 |
| 2019-12-01 | $89,900 (-5.4%) | $144,461 (3.9%) | 0.30 | 522 |
| 2020-01-01 | $96,200 (3.5%) | $148,288 (10.3%) | 0.32 | 529 |
| 2020-02-01 | $99,500 (9.7%) | $147,828 (7.4%) | 0.33 | 558 |
| 2020-03-01 | $99,800 (8.6%) | $151,643 (7.9%) | 0.31 | 480 |
| 2020-04-01 | $99,900 (4.2%) | $153,479 (4.9%) | 0.31 | 447 |
| 2020-05-01 | $109,900 (15.7%) | $168,431 (11.1%) | 0.33 | 400 |
| 2020-06-01 | $116,100 (22.3%) | $173,360 (13.0%) | 0.34 | 392 |
| 2020-07-01 | $136,725 (29.4%) | $185,834 (16.2%) | 0.40 | 366 |
| 2020-08-01 | $122,000 (17.4%) | $185,212 (17.6%) | 0.35 | 369 |
| 2020-09-01 | $120,000 (18.0%) | $178,844 (15.6%) | 0.34 | 363 |
| 2020-10-01 | $119,950 (20.1%) | $183,591 (20.7%) | 0.34 | 321 |
| 2020-11-01 | $109,925 (15.8%) | $184,979 (25.2%) | 0.32 | 320 |
| 2020-12-01 | $102,450 (14.0%) | $181,832 (25.9%) | 0.30 | 299 |
| 2021-01-01 | $99,900 (3.9%) | $179,885 (21.3%) | 0.30 | 262 |
| 2021-02-01 | $117,450 (18.0%) | $179,146 (21.2%) | 0.34 | 227 |
| 2021-03-01 | $118,600 (18.8%) | $179,358 (18.3%) | 0.34 | 211 |
| 2021-04-01 | $137,450 (37.6%) | $194,737 (26.9%) | 0.37 | 187 |
| 2021-05-01 | $149,800 (36.3%) | $204,432 (21.4%) | 0.40 | 201 |
| 2021-06-01 | $133,800 (15.3%) | $201,236 (16.1%) | 0.35 | 237 |
| 2021-07-01 | $129,900 (-5.0%) | $194,381 (4.6%) | 0.34 | 274 |
| 2021-08-01 | $147,200 (20.7%) | $210,891 (13.9%) | 0.39 | 283 |
| 2021-09-01 | $136,925 (14.1%) | $202,768 (13.4%) | 0.37 | 319 |
| 2021-10-01 | $134,950 (12.5%) | $210,077 (14.4%) | 0.36 | 300 |
| 2021-11-01 | $129,950 (18.2%) | $209,060 (13.0%) | 0.35 | 269 |
| 2021-12-01 | $119,950 (17.1%) | $209,110 (15.0%) | 0.32 | 233 |
| 2022-01-01 | $117,900 (18.0%) | $197,614 (9.9%) | 0.32 | 208 |
| 2022-02-01 | $113,475 (-3.4%) | $186,082 (3.9%) | 0.30 | 183 |
| 2022-03-01 | $127,400 (7.4%) | $187,802 (4.7%) | 0.32 | 170 |
| 2022-04-01 | $135,450 (-1.5%) | $198,758 (2.1%) | 0.32 | 175 |
| 2022-05-01 | $139,675 (-6.8%) | $193,229 (-5.5%) | 0.32 | 203 |
| 2022-06-01 | $152,500 (14.0%) | $215,016 (6.9%) | 0.34 | 232 |
| 2022-07-01 | $159,450 (22.8%) | $209,875 (8.0%) | 0.36 | 280 |
| 2022-08-01 | $149,450 (1.5%) | $207,178 (-1.8%) | 0.35 | 310 |
| 2022-09-01 | $154,250 (12.7%) | $200,272 (-1.2%) | 0.36 | 318 |
| 2022-10-01 | $152,000 (12.6%) | $205,106 (-2.4%) | 0.36 | 330 |
| 2022-11-01 | $161,975 (24.6%) | $206,700 (-1.1%) | 0.39 | 333 |
| 2022-12-01 | $159,900 (33.3%) | $207,370 (-0.8%) | 0.39 | 296 |
| 2023-01-01 | $156,425 (32.7%) | $203,465 (3.0%) | 0.39 | 286 |
| 2023-02-01 | $152,950 (34.8%) | $208,139 (11.9%) | 0.37 | 253 |
| 2023-03-01 | $163,500 (28.3%) | $229,274 (22.1%) | 0.39 | 235 |
| 2023-04-01 | $165,000 (21.8%) | $227,332 (14.4%) | 0.38 | 219 |
| 2023-05-01 | $179,950 (28.8%) | $239,795 (24.1%) | 0.41 | 211 |
| 2023-06-01 | $175,913 (15.4%) | $236,436 (10.0%) | 0.40 | 229 |
| 2023-07-01 | $175,000 (9.8%) | $237,313 (13.1%) | 0.40 | 245 |
| 2023-08-01 | $168,200 (12.6%) | $229,431 (10.7%) | 0.39 | 278 |
| 2023-09-01 | $159,900 (3.7%) | $227,499 (13.6%) | 0.37 | 293 |
| 2023-10-01 | $159,850 (5.2%) | $223,992 (9.2%) | 0.38 | 328 |
| 2023-11-01 | $169,900 (4.9%) | $227,020 (9.8%) | 0.40 | 345 |
| 2023-12-01 | $177,000 (10.7%) | $230,203 (11.0%) | 0.43 | 330 |
| 2024-01-01 | $179,900 (15.0%) | $235,977 (16.0%) | 0.44 | 305 |
| 2024-02-01 | $171,075 (11.9%) | $229,619 (10.3%) | 0.41 | 294 |
| 2024-03-01 | $179,900 (10.0%) | $241,885 (5.5%) | 0.42 | 303 |
Terre Haute's median listing price comes in at 42% of the national average.
Terre Haute's average listing price for 2024-03-01 was $241,885, a difference of $12,611 (5.5%) versus the prior year and $12,266 versus the prior month.
For the 2024-03-01 period, Terre Haute had 303 MLS listings, a difference of 9 listings (3%) versus the prior month and 68 listings (29%) 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 | 1,534 sqft |
| 2018-02-01 | 83 days | 1,533 sqft |
| 2018-03-01 | 74 days | 1,616 sqft |
| 2018-04-01 | 56 days | 1,723 sqft |
| 2018-05-01 | 60 days | 1,704 sqft |
| 2018-06-01 | 55 days | 1,701 sqft |
| 2018-07-01 | 58 days | 1,698 sqft |
| 2018-08-01 | 60 days | 1,726 sqft |
| 2018-09-01 | 54 days | 1,728 sqft |
| 2018-10-01 | 63 days | 1,740 sqft |
| 2018-11-01 | 67 days | 1,688 sqft |
| 2018-12-01 | 74 days | 1,659 sqft |
| 2019-01-01 | 85 days | 1,619 sqft |
| 2019-02-01 | 88 days | 1,599 sqft |
| 2019-03-01 | 73 days | 1,627 sqft |
| 2019-04-01 | 55 days | 1,659 sqft |
| 2019-05-01 | 57 days | 1,647 sqft |
| 2019-06-01 | 54 days | 1,637 sqft |
| 2019-07-01 | 60 days | 1,656 sqft |
| 2019-08-01 | 66 days | 1,620 sqft |
| 2019-09-01 | 69 days | 1,620 sqft |
| 2019-10-01 | 72 days | 1,620 sqft |
| 2019-11-01 | 74 days | 1,599 sqft |
| 2019-12-01 | 87 days | 1,599 sqft |
| 2020-01-01 | 88 days | 1,599 sqft |
| 2020-02-01 | 88 days | 1,575 sqft |
| 2020-03-01 | 67 days | 1,558 sqft |
| 2020-04-01 | 70 days | 1,569 sqft |
| 2020-05-01 | 81 days | 1,599 sqft |
| 2020-06-01 | 76 days | 1,599 sqft |
| 2020-07-01 | 58 days | 1,599 sqft |
| 2020-08-01 | 57 days | 1,599 sqft |
| 2020-09-01 | 51 days | 1,599 sqft |
| 2020-10-01 | 52 days | 1,599 sqft |
| 2020-11-01 | 57 days | 1,599 sqft |
| 2020-12-01 | 64 days | 1,599 sqft |
| 2021-01-01 | 74 days | 1,596 sqft |
| 2021-02-01 | 67 days | 1,599 sqft |
| 2021-03-01 | 54 days | 1,576 sqft |
| 2021-04-01 | 49 days | 1,599 sqft |
| 2021-05-01 | 31 days | 1,599 sqft |
| 2021-06-01 | 28 days | 1,659 sqft |
| 2021-07-01 | 33 days | 1,656 sqft |
| 2021-08-01 | 39 days | 1,755 sqft |
| 2021-09-01 | 40 days | 1,702 sqft |
| 2021-10-01 | 44 days | 1,632 sqft |
| 2021-11-01 | 47 days | 1,574 sqft |
| 2021-12-01 | 60 days | 1,548 sqft |
| 2022-01-01 | 57 days | 1,536 sqft |
| 2022-02-01 | 63 days | 1,553 sqft |
| 2022-03-01 | 39 days | 1,532 sqft |
| 2022-04-01 | 37 days | 1,584 sqft |
| 2022-05-01 | 28 days | 1,570 sqft |
| 2022-06-01 | 35 days | 1,632 sqft |
| 2022-07-01 | 33 days | 1,664 sqft |
| 2022-08-01 | 39 days | 1,637 sqft |
| 2022-09-01 | 45 days | 1,693 sqft |
| 2022-10-01 | 52 days | 1,704 sqft |
| 2022-11-01 | 53 days | 1,797 sqft |
| 2022-12-01 | 62 days | 1,626 sqft |
| 2023-01-01 | 71 days | 1,600 sqft |
| 2023-02-01 | 67 days | 1,602 sqft |
| 2023-03-01 | 58 days | 1,654 sqft |
| 2023-04-01 | 52 days | 1,600 sqft |
| 2023-05-01 | 38 days | 1,599 sqft |
| 2023-06-01 | 39 days | 1,602 sqft |
| 2023-07-01 | 40 days | 1,707 sqft |
| 2023-08-01 | 39 days | 1,779 sqft |
| 2023-09-01 | 46 days | 1,820 sqft |
| 2023-10-01 | 45 days | 1,765 sqft |
| 2023-11-01 | 48 days | 1,817 sqft |
| 2023-12-01 | 61 days | 1,736 sqft |
| 2024-01-01 | 70 days | 1,758 sqft |
| 2024-02-01 | 73 days | 1,709 sqft |
| 2024-03-01 | 53 days | 1,736 sqft |
Terre Haute's median square footage for active listings during the 2024-03-01 period was 1,736 sqft. One year prior, the average listing was 1,654 sqft.