Tiffin USDA Loan Rates, Closing Costs & Stats

Tiffin, OH

  • JUMP TO:
  • Trends
  • Rates vs Fees
  • Top Lenders
  • Markets
  • Market Conditions & Pricing
  • Time on Market/Property Size

    • 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.

    Tiffin's 7 lenders originated 27 USDA loans during 2023. The total origination value was $3,115,000, with an average USDA loan value of $115,370.

    Tiffin USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Tiffin averaged 6.35% for the week of 2024-12-13, compared to the national average (all USDA variants) of 6.303% for the same period.

    Tiffin's average USDA mortgage closing costs are $4,800.

    The average rate for the prior week (2024-12-06) was 6.59% and one month ago for the week of 2024-11-08, the average rate was 6.6%.

    The average rate one year ago was 6.77%.

    For refis of the same type during the week of 2024-12-13, the average rate was 6.4%.

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

    Tiffin 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 Tiffin level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    POLARIS HOME FUNDING CORP. 11 7.15% $6,591
    LOANDEPOT.COM, LLC 8 6.92% $5,067
    CROSSCOUNTRY MORTGAGE, LLC 3 6.63% $5,714
    UNION HOME MORTGAGE CORP. 2 7.19% $9,242
    PLAZA HOME MORTGAGE, INC. 1 7.25% $6,160
    First Federal Bank of the Midwest 1 6.13% $4,594
    U.S. Bank 1 6.25% $4,078

    The top Tiffin USDA lender as defined by loan originations is POLARIS HOME FUNDING CORP., with 11 USDA loans originated. Their average total fees are $6,591, which is $1,524 higher than the next largest lender, LOANDEPOT.COM, LLC.

    The lowest fee Tiffin USDA lenders (with over 10 loans originated) are POLARIS HOME FUNDING CORP. ($6,591), .

    The lowest rate Tiffin USDA lenders (with over 10 loans originated) are POLARIS HOME FUNDING CORP. (7.15%), .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Tiffin (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 $79,900 (0.0%) $111,591 (20.0%) 0.00 110
    2018-02-01 $80,325 (7.2%) $110,288 (20.5%) 0.00 104
    2018-03-01 $81,500 (2.6%) $116,730 (18.6%) 0.00 87
    2018-04-01 $84,225 (4.0%) $121,346 (16.9%) 0.00 80
    2018-05-01 $84,900 (6.3%) $109,900 (5.3%) 0.00 75
    2018-06-01 $83,500 (-7.1%) $168,305 (52.3%) 0.00 82
    2018-07-01 $98,800 (6.7%) $182,220 (52.5%) 0.00 87
    2018-08-01 $104,900 (9.9%) $178,024 (48.8%) 0.00 105
    2018-09-01 $95,000 (6.2%) $173,603 (52.3%) 0.00 106
    2018-10-01 $82,400 (3.0%) $180,497 (59.5%) 0.00 107
    2018-11-01 $91,375 (12.9%) $197,881 (73.3%) 0.00 97
    2018-12-01 $95,000 (9.5%) $192,077 (67.4%) 0.00 96
    2019-01-01 $95,900 (20.0%) $208,468 (86.8%) 0.00 88
    2019-02-01 $109,475 (36.3%) $215,152 (95.1%) 0.00 75
    2019-03-01 $103,671 (27.2%) $213,551 (82.9%) 0.00 68
    2019-04-01 $89,900 (6.7%) $204,730 (68.7%) 0.00 64
    2019-05-01 $89,900 (5.9%) $196,913 (79.2%) 0.00 70
    2019-06-01 $94,500 (13.2%) $197,201 (17.2%) 0.00 77
    2019-07-01 $87,450 (-11.5%) $134,233 (-26.3%) 0.00 82
    2019-08-01 $89,900 (-14.3%) $135,332 (-24.0%) 0.00 86
    2019-09-01 $89,900 (-5.4%) $130,889 (-24.6%) 0.00 87
    2019-10-01 $95,450 (15.8%) $130,626 (-27.6%) 0.00 90
    2019-11-01 $108,000 (18.2%) $134,567 (-32.0%) 0.00 101
    2019-12-01 $98,950 (4.2%) $134,447 (-30.0%) 0.00 92
    2020-01-01 $94,900 (-1.0%) $138,966 (-33.3%) 0.00 91
    2020-02-01 $99,200 (-9.4%) $136,960 (-36.3%) 0.00 79
    2020-03-01 $86,900 (-16.2%) $128,839 (-39.7%) 0.00 74
    2020-04-01 $89,050 (-1.0%) $127,060 (-37.9%) 0.00 69
    2020-05-01 $75,950 (-15.5%) $119,359 (-39.4%) 0.00 56
    2020-06-01 $82,200 (-13.0%) $159,491 (-19.1%) 0.00 44
    2020-07-01 $81,825 (-6.4%) $157,435 (17.3%) 0.00 48
    2020-08-01 $98,700 (9.8%) $173,321 (28.1%) 0.00 47
    2020-09-01 $97,975 (9.0%) $162,677 (24.3%) 0.00 51
    2020-10-01 $117,850 (23.5%) $182,011 (39.3%) 0.00 51
    2020-11-01 $128,700 (19.2%) $202,731 (50.7%) 0.00 52
    2020-12-01 $121,925 (23.2%) $194,051 (44.3%) 0.00 50
    2021-01-01 $119,900 (26.3%) $182,408 (31.3%) 0.00 45
    2021-02-01 $111,225 (12.1%) $189,688 (38.5%) 0.00 28
    2021-03-01 $112,063 (29.0%) $223,993 (73.9%) 0.00 18
    2021-04-01 $126,988 (42.6%) $219,252 (72.6%) 0.00 21
    2021-05-01 $129,950 (71.1%) $236,889 (98.5%) 0.00 20
    2021-06-01 $135,238 (64.5%) $214,502 (34.5%) 0.00 31
    2021-07-01 $130,000 (58.9%) $173,346 (10.1%) 0.00 42
    2021-08-01 $125,925 (27.6%) $164,084 (-5.3%) 0.00 52
    2021-09-01 $134,975 (37.8%) $174,673 (7.4%) 0.00 58
    2021-10-01 $134,900 (14.5%) $162,865 (-10.5%) 0.00 54
    2021-11-01 $129,900 (0.9%) $155,908 (-23.1%) 0.00 52
    2021-12-01 $127,900 (4.9%) $159,381 (-17.9%) 0.00 48
    2022-01-01 $124,977 (4.2%) $152,797 (-16.2%) 0.00 32
    2022-02-01 $122,164 (9.8%) $161,416 (-14.9%) 0.00 34
    2022-03-01 $133,675 (19.3%) $166,557 (-25.6%) 0.00 37
    2022-04-01 $134,900 (6.2%) $174,319 (-20.5%) 0.00 42
    2022-05-01 $143,725 (10.6%) $152,296 (-35.7%) 0.00 45
    2022-06-01 $150,925 (11.6%) $163,176 (-23.9%) 0.00 63
    2022-07-01 $149,900 (15.3%) $176,141 (1.6%) 0.00 63
    2022-08-01 $144,975 (15.1%) $174,657 (6.4%) 0.00 72
    2022-09-01 $141,150 (4.6%) $157,978 (-9.6%) 0.00 62
    2022-10-01 $149,900 (11.1%) $156,326 (-4.0%) 0.00 62
    2022-11-01 $158,375 (21.9%) $159,399 (2.2%) 0.00 55
    2022-12-01 $147,000 (14.9%) $147,345 (-7.6%) 0.00 53
    2023-01-01 $133,325 (6.7%) $137,341 (-10.1%) 0.00 41
    2023-02-01 $143,500 (17.5%) $143,630 (-11.0%) 0.00 28
    2023-03-01 $141,950 (6.2%) $161,485 (-3.1%) 0.00 34
    2023-04-01 $140,000 (3.8%) $170,338 (-2.3%) 0.00 36
    2023-05-01 $144,250 (0.4%) $172,123 (13.0%) 0.00 35
    2023-06-01 $157,450 (4.3%) $177,257 (8.6%) 0.00 36
    2023-07-01 $178,500 (19.1%) $226,236 (28.4%) 0.00 37
    2023-08-01 $187,425 (29.3%) $231,201 (32.4%) 0.00 44
    2023-09-01 $189,900 (34.5%) $233,358 (47.7%) 0.00 45
    2023-10-01 $180,800 (20.6%) $211,060 (35.0%) 0.00 61
    2023-11-01 $169,700 (7.2%) $207,733 (30.3%) 0.00 58
    2023-12-01 $158,500 (7.8%) $204,753 (39.0%) 0.00 52
    2024-01-01 $149,925 (12.5%) $197,187 (43.6%) 0.00 41
    2024-02-01 $166,150 (15.8%) $211,514 (47.3%) 0.00 34
    2024-03-01 $196,950 (38.8%) $242,236 (50.0%) 0.00 32
    2024-04-01 $208,593 (49.0%) $241,145 (41.6%) 0.00 42
    2024-05-01 $223,425 (54.9%) $263,602 (53.2%) 0.00 44
    2024-06-01 $215,000 (36.6%) $251,076 (41.7%) 0.00 37
    2024-07-01 $181,250 (1.5%) $223,500 (-1.2%) 0.00 48
    2024-08-01 $182,000 (-2.9%) $213,502 (-7.7%) 0.00 46
    2024-09-01 $199,900 (5.3%) $223,872 (-4.1%) 0.00 59
    2024-10-01 $204,950 (13.4%) $224,829 (6.5%) 0.00 68
    2024-11-01 $189,450 (11.6%) $217,941 (4.9%) 0.00 60
    Tiffin's median listing price for 2024-11-01 was $189,450, a difference of $19,750 (11.6%) versus the prior year and $-15,500 versus the prior month.

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

    Tiffin's average listing price for 2024-11-01 was $217,941, a difference of $10,208 (4.9%) versus the prior year and $-6,888 versus the prior month.

    For the 2024-11-01 period, Tiffin had 60 MLS listings, a difference of -8 listings (-12%) versus the prior month and 2 listings (3%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Tiffin (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,478 sqft
    2018-02-01 0 days 1,474 sqft
    2018-03-01 0 days 1,504 sqft
    2018-04-01 0 days 1,561 sqft
    2018-05-01 0 days 1,530 sqft
    2018-06-01 0 days 1,541 sqft
    2018-07-01 0 days 1,645 sqft
    2018-08-01 0 days 1,524 sqft
    2018-09-01 0 days 1,587 sqft
    2018-10-01 0 days 1,671 sqft
    2018-11-01 0 days 1,709 sqft
    2018-12-01 0 days 1,685 sqft
    2019-01-01 0 days 1,666 sqft
    2019-02-01 0 days 1,658 sqft
    2019-03-01 0 days 1,653 sqft
    2019-04-01 0 days 1,649 sqft
    2019-05-01 0 days 1,654 sqft
    2019-06-01 0 days 1,624 sqft
    2019-07-01 0 days 1,591 sqft
    2019-08-01 0 days 1,628 sqft
    2019-09-01 0 days 1,617 sqft
    2019-10-01 0 days 1,589 sqft
    2019-11-01 0 days 1,603 sqft
    2019-12-01 0 days 1,608 sqft
    2020-01-01 0 days 1,699 sqft
    2020-02-01 0 days 1,581 sqft
    2020-03-01 0 days 1,567 sqft
    2020-04-01 0 days 1,607 sqft
    2020-05-01 0 days 1,560 sqft
    2020-06-01 0 days 1,614 sqft
    2020-07-01 0 days 1,541 sqft
    2020-08-01 0 days 1,594 sqft
    2020-09-01 0 days 1,539 sqft
    2020-10-01 0 days 1,596 sqft
    2020-11-01 0 days 1,612 sqft
    2020-12-01 0 days 1,580 sqft
    2021-01-01 0 days 1,587 sqft
    2021-02-01 0 days 1,563 sqft
    2021-03-01 0 days 1,724 sqft
    2021-04-01 0 days 1,769 sqft
    2021-05-01 0 days 1,664 sqft
    2021-06-01 0 days 1,668 sqft
    2021-07-01 0 days 1,600 sqft
    2021-08-01 0 days 1,557 sqft
    2021-09-01 0 days 1,564 sqft
    2021-10-01 0 days 1,534 sqft
    2021-11-01 0 days 1,558 sqft
    2021-12-01 0 days 1,551 sqft
    2022-01-01 0 days 1,562 sqft
    2022-02-01 0 days 1,639 sqft
    2022-03-01 0 days 1,599 sqft
    2022-04-01 0 days 1,600 sqft
    2022-05-01 0 days 1,469 sqft
    2022-06-01 0 days 1,628 sqft
    2022-07-01 0 days 1,596 sqft
    2022-08-01 0 days 1,592 sqft
    2022-09-01 0 days 1,512 sqft
    2022-10-01 0 days 1,534 sqft
    2022-11-01 0 days 1,509 sqft
    2022-12-01 0 days 1,468 sqft
    2023-01-01 0 days 1,449 sqft
    2023-02-01 0 days 1,454 sqft
    2023-03-01 0 days 1,494 sqft
    2023-04-01 0 days 1,472 sqft
    2023-05-01 0 days 1,518 sqft
    2023-06-01 0 days 1,553 sqft
    2023-07-01 0 days 1,600 sqft
    2023-08-01 0 days 1,601 sqft
    2023-09-01 0 days 1,746 sqft
    2023-10-01 0 days 1,703 sqft
    2023-11-01 0 days 1,680 sqft
    2023-12-01 0 days 1,653 sqft
    2024-01-01 0 days 1,648 sqft
    2024-02-01 0 days 1,713 sqft
    2024-03-01 0 days 1,758 sqft
    2024-04-01 0 days 1,830 sqft
    2024-05-01 0 days 1,804 sqft
    2024-06-01 0 days 1,810 sqft
    2024-07-01 0 days 1,644 sqft
    2024-08-01 0 days 1,645 sqft
    2024-09-01 0 days 1,668 sqft
    2024-10-01 0 days 1,647 sqft
    2024-11-01 0 days 1,586 sqft
    Tiffin's median listing age (time on market) for 2024-11-01 was 0 days.

    Tiffin's median square footage for active listings during the 2024-11-01 period was 1,586 sqft. One year prior, the average listing was 1,680 sqft.