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 6.52% for the week of 2024-11-01, compared to the national average (all USDA variants) of 6.467% for the same period.

Terre Haute's average USDA mortgage closing costs are $2,866.

The average rate for the prior week (2024-10-25) was 6.56% and one month ago for the week of 2024-09-27, the average rate was 6.16%.

The average rate one year ago was 7.81%.

For refis of the same type during the week of 2024-11-01, the average rate was 6.59%.

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

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
2024-04-01 $179,900 (9.0%) $255,650 (12.5%) 0.42 293
2024-05-01 $184,500 (2.5%) $265,683 (10.8%) 0.42 314
2024-06-01 $189,950 (8.0%) $261,396 (10.6%) 0.43 322
2024-07-01 $179,900 (2.8%) $246,650 (3.9%) 0.41 352
2024-08-01 $179,900 (7.0%) $239,234 (4.3%) 0.42 400
2024-09-01 $179,925 (12.5%) $242,272 (6.5%) 0.42 405
2024-10-01 $179,900 (12.5%) $236,347 (5.5%) 0.00 412
Terre Haute's median listing price for 2024-10-01 was $179,900, a difference of $20,050 (12.5%) versus the prior year and $-25 versus the prior month.

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

Terre Haute's average listing price for 2024-10-01 was $236,347, a difference of $12,355 (5.5%) versus the prior year and $-5,925 versus the prior month.

For the 2024-10-01 period, Terre Haute had 412 MLS listings, a difference of 7 listings (2%) versus the prior month and 84 listings (26%) 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 1,697 sqft
2024-03-01 53 days 1,733 sqft
2024-04-01 50 days 1,681 sqft
2024-05-01 48 days 1,682 sqft
2024-06-01 45 days 1,731 sqft
2024-07-01 47 days 1,746 sqft
2024-08-01 46 days 1,804 sqft
2024-09-01 51 days 1,823 sqft
2024-10-01 0 days 1,802 sqft
Terre Haute's median listing age (time on market) for 2024-10-01 was 0 days. This is -100% shorter than the same period one year ago.

Terre Haute's median square footage for active listings during the 2024-10-01 period was 1,802 sqft. One year prior, the average listing was 1,765 sqft.