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 29 lenders originated 172 USDA loans during 2021. The total origination value was $19,730,000, with an average USDA loan value of $114,709.

Terre Haute USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Terre Haute averaged 6.55% for the week of 2022-12-02, compared to the national average (all USDA variants) of 6.437% for the same period.

Terre Haute's average USDA mortgage closing costs are $2,628.

The average rate for the prior week (2022-11-25) was 6.59% and one month ago for the week of 2022-10-28, the average rate was 7.26%.

The average rate one year ago was 3.75%.

For refis of the same type during the week of 2022-12-02, the average rate was 6.49%.

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 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
RUOFF MORTGAGE COMPANY, INC. 105 3.27% $1,826
First Financial Bank 12 3.03% $4,332
Wolfe Financial, Inc 6 3.44% $3,759
CALIBER HOME LOANS, INC. 6 3.10% $3,335
Fifth Third Bank 5 2.98% $3,817
AMERIFIRST FINANCIAL CORPORATION 4 2.97% $4,226
GVC MORTGAGE, INC. 3 4.00% $3,028
CROSSCOUNTRY MORTGAGE, LLC 3 3.00% $4,323
AMERICAN MORTGAGE SERVICE COMPANY 2 3.19% $3,582
Colten Mortgage, LLC 2 3.19% $3,339
First Mid Bank & Trust 2 2.31% $3,288
Northwest Bank 2 2.81% $2,980
PRIMELENDING, A PLAINSCAPITAL COMPANY 2 3.44% $4,373
SUCCESS MORTGAGE PARTNERS, INC. 2 2.44% $5,675
Flagstar Bank, FSB 1 2.96% $4,149
Flanagan State Bank 1 3.50% $1,315
CRESCENT MORTGAGE COMPANY 1 2.75% $2,462
HALLMARK HOME MORTGAGE, LLC 1 3.25% $4,382
Longview Bank & Trust 1 3.75% $5,735
UNIVERSITY LENDING GROUP, LLC 1 2.75% $4,360
Old National Bank 1 2.75% $3,254
PRIMARY RESIDENTIAL MORTGAGE, INC. 1 3.75% $3,943
VILLAGE CAPITAL MORTGAGE 1 2.25% $8,894
Regions Bank 1 3.63% $4,186
CHURCHILL MORTGAGE CORPORATION 1 2.75% $3,629
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 3.38% $2,207
Bank of England 1 2.75% $5,670
First Option Mortgage, LLC 1 3.63% $4,147
First Savings Bank 1 3.13% $4,171

The top Terre Haute USDA lender as defined by loan originations is RUOFF MORTGAGE COMPANY, INC., with 105 USDA loans originated. Their average total fees are $1,826, which is $2,507 lower than the next largest lender, First Financial Bank.

The lowest fee Terre Haute USDA lenders (with over 10 loans originated) are RUOFF MORTGAGE COMPANY, INC. ($1,826), First Financial Bank ($4,332), .

The lowest rate Terre Haute USDA lenders (with over 10 loans originated) are First Financial Bank (3.03%), RUOFF MORTGAGE COMPANY, INC. (3.27%), .


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 $79,700 (-4.8%) $125,900 (2.5%) 0.30 555
2018-02-01 $79,900 (-1.8%) $131,836 (7.5%) 0.29 527
2018-03-01 $79,900 (-8.3%) $140,056 (9.8%) 0.28 481
2018-04-01 $91,500 (1.8%) $148,473 (13.0%) 0.31 499
2018-05-01 $94,850 (4.9%) $142,028 (2.8%) 0.32 500
2018-06-01 $107,450 (10.8%) $149,334 (5.5%) 0.36 534
2018-07-01 $110,700 (16.5%) $149,685 (4.9%) 0.37 554
2018-08-01 $111,000 (17.0%) $147,884 (2.9%) 0.37 552
2018-09-01 $109,500 (21.7%) $144,278 (0.5%) 0.37 606
2018-10-01 $104,950 (16.0%) $145,503 (6.0%) 0.35 629
2018-11-01 $104,900 (25.1%) $143,585 (10.4%) 0.36 615
2018-12-01 $95,000 (18.9%) $138,914 (9.8%) 0.33 584
2019-01-01 $92,400 (15.9%) $134,344 (6.7%) 0.32 565
2019-02-01 $90,500 (13.3%) $137,450 (4.3%) 0.31 522
2019-03-01 $91,929 (15.1%) $140,391 (0.2%) 0.30 488
2019-04-01 $95,125 (4.0%) $145,972 (-1.7%) 0.30 473
2019-05-01 $94,750 (-0.1%) $151,448 (6.6%) 0.30 476
2019-06-01 $94,900 (-11.7%) $153,369 (2.7%) 0.30 529
2019-07-01 $105,675 (-4.5%) $159,897 (6.8%) 0.33 547
2019-08-01 $103,936 (-6.4%) $157,461 (6.5%) 0.33 564
2019-09-01 $101,666 (-7.2%) $154,729 (7.2%) 0.33 587
2019-10-01 $99,900 (-4.8%) $152,145 (4.6%) 0.32 601
2019-11-01 $94,900 (-9.5%) $147,639 (2.8%) 0.31 563
2019-12-01 $89,900 (-5.4%) $144,309 (3.9%) 0.30 525
2020-01-01 $96,200 (4.1%) $148,116 (10.3%) 0.32 532
2020-02-01 $99,250 (9.7%) $147,664 (7.4%) 0.32 561
2020-03-01 $99,700 (8.5%) $151,428 (7.9%) 0.31 483
2020-04-01 $99,900 (5.0%) $153,240 (5.0%) 0.31 450
2020-05-01 $107,450 (13.4%) $168,065 (11.0%) 0.33 403
2020-06-01 $114,950 (21.1%) $172,938 (12.8%) 0.34 395
2020-07-01 $134,950 (27.7%) $185,391 (15.9%) 0.39 369
2020-08-01 $120,000 (15.5%) $184,673 (17.3%) 0.34 372
2020-09-01 $120,000 (18.0%) $178,394 (15.3%) 0.34 366
2020-10-01 $119,900 (20.0%) $183,061 (20.3%) 0.34 324
2020-11-01 $109,900 (15.8%) $184,353 (24.9%) 0.32 323
2020-12-01 $102,450 (14.0%) $181,202 (25.6%) 0.30 302
2021-01-01 $99,900 (3.9%) $179,177 (21.0%) 0.30 265
2021-02-01 $116,100 (17.0%) $178,363 (20.8%) 0.34 230
2021-03-01 $117,950 (18.3%) $178,472 (17.9%) 0.33 214
2021-04-01 $136,175 (36.3%) $193,536 (26.3%) 0.37 190
2021-05-01 $147,400 (37.2%) $203,223 (20.9%) 0.39 204
2021-06-01 $133,800 (16.4%) $200,202 (15.8%) 0.35 240
2021-07-01 $129,900 (-3.7%) $193,490 (4.4%) 0.34 278
2021-08-01 $144,825 (20.7%) $209,929 (13.7%) 0.39 286
2021-09-01 $136,225 (13.5%) $202,092 (13.3%) 0.36 322
2021-10-01 $134,900 (12.5%) $209,176 (14.3%) 0.36 303
2021-11-01 $129,700 (18.0%) $208,103 (12.9%) 0.35 272
2021-12-01 $119,925 (17.1%) $207,982 (14.8%) 0.33 236
2022-01-01 $115,900 (16.0%) $196,567 (9.7%) 0.31 211
2022-02-01 $112,000 (-3.5%) $184,986 (3.7%) 0.29 186
2022-03-01 $126,150 (7.0%) $186,665 (4.6%) 0.32 173
2022-04-01 $135,000 (-0.9%) $197,460 (2.0%) 0.32 178
2022-05-01 $139,450 (-5.4%) $192,125 (-5.5%) 0.32 206
2022-06-01 $151,250 (13.0%) $213,765 (6.8%) 0.34 235
2022-07-01 $159,000 (22.4%) $208,854 (7.9%) 0.36 283
2022-08-01 $148,450 (2.5%) $206,329 (-1.7%) 0.34 313
2022-09-01 $152,500 (12.0%) $199,518 (-1.3%) 0.36 321
2022-10-01 $150,000 (11.2%) $204,321 (-2.3%) 0.35 333
2022-11-01 $159,950 (23.3%) $205,916 (-1.1%) 0.38 336
Terre Haute's median listing price for 2022-11-01 was $159,950, a difference of $30,250 (23.3%) versus the prior year and $9,950 versus the prior month.

Terre Haute's median listing price comes in at 38% of the national average.

Terre Haute's average listing price for 2022-11-01 was $205,916, a difference of $-2,187 (-1.1%) versus the prior year and $1,595 versus the prior month.

For the 2022-11-01 period, Terre Haute had 336 MLS listings, a difference of 3 listings (1%) versus the prior month and 64 listings (24%) 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 87 days 1,533 sqft
2018-02-01 88 days 1,532 sqft
2018-03-01 80 days 1,593 sqft
2018-04-01 62 days 1,723 sqft
2018-05-01 62 days 1,702 sqft
2018-06-01 60 days 1,700 sqft
2018-07-01 63 days 1,694 sqft
2018-08-01 65 days 1,725 sqft
2018-09-01 58 days 1,727 sqft
2018-10-01 64 days 1,738 sqft
2018-11-01 72 days 1,687 sqft
2018-12-01 79 days 1,658 sqft
2019-01-01 88 days 1,612 sqft
2019-02-01 93 days 1,599 sqft
2019-03-01 77 days 1,625 sqft
2019-04-01 58 days 1,657 sqft
2019-05-01 58 days 1,644 sqft
2019-06-01 57 days 1,637 sqft
2019-07-01 61 days 1,655 sqft
2019-08-01 66 days 1,620 sqft
2019-09-01 69 days 1,620 sqft
2019-10-01 74 days 1,620 sqft
2019-11-01 78 days 1,599 sqft
2019-12-01 89 days 1,599 sqft
2020-01-01 89 days 1,599 sqft
2020-02-01 89 days 1,574 sqft
2020-03-01 70 days 1,552 sqft
2020-04-01 73 days 1,563 sqft
2020-05-01 86 days 1,599 sqft
2020-06-01 87 days 1,599 sqft
2020-07-01 70 days 1,599 sqft
2020-08-01 66 days 1,599 sqft
2020-09-01 59 days 1,599 sqft
2020-10-01 61 days 1,599 sqft
2020-11-01 72 days 1,599 sqft
2020-12-01 72 days 1,599 sqft
2021-01-01 86 days 1,579 sqft
2021-02-01 89 days 1,599 sqft
2021-03-01 79 days 1,566 sqft
2021-04-01 76 days 1,599 sqft
2021-05-01 50 days 1,599 sqft
2021-06-01 39 days 1,659 sqft
2021-07-01 40 days 1,656 sqft
2021-08-01 45 days 1,754 sqft
2021-09-01 48 days 1,695 sqft
2021-10-01 52 days 1,632 sqft
2021-11-01 56 days 1,570 sqft
2021-12-01 68 days 1,544 sqft
2022-01-01 77 days 1,537 sqft
2022-02-01 77 days 1,551 sqft
2022-03-01 53 days 1,532 sqft
2022-04-01 45 days 1,573 sqft
2022-05-01 34 days 1,569 sqft
2022-06-01 39 days 1,632 sqft
2022-07-01 37 days 1,663 sqft
2022-08-01 41 days 1,632 sqft
2022-09-01 47 days 1,690 sqft
2022-10-01 57 days 1,702 sqft
2022-11-01 57 days 1,794 sqft
Terre Haute's median listing age (time on market) for 2022-11-01 was 57 days. This is 2% longer than the same period one year ago.

Terre Haute's median square footage for active listings during the 2022-11-01 period was 1,794 sqft. One year prior, the average listing was 1,570 sqft.