Toledo USDA Loan Rates, Closing Costs & Stats
TOLEDO, OH
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.
Toledo's 13 lenders originated 20 USDA loans during 2023. The total origination value was $3,220,000, with an average USDA loan value of $161,000.
Toledo USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Toledo
averaged
0.39%
for the week of 2024-11-15, compared to the national average (all USDA variants) of
0% for the same period.
Toledo's average USDA mortgage closing costs are $5,082.
The average rate for the prior week (2024-11-08) was
6.75% and
one month ago for the week of 2024-10-11, the
average rate was 6.41%.
The average rate one year ago was 7.54%.
For refis of the same type during the week of 2024-11-15, the average rate
was 1%.
Toledo 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 Toledo level.
| Name | # of Loans | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
|---|---|---|---|
| LOANDEPOT.COM, LLC | 4 | 7.13% | $5,394 |
| MID AMERICA MORTGAGE, INC. | 2 | 6.63% | $4,693 |
| CROSSCOUNTRY MORTGAGE, LLC | 2 | 6.44% | $6,517 |
| UNION HOME MORTGAGE CORP. | 2 | 6.75% | $7,006 |
| MORTGAGE 1 INCORPORATED | 1 | 7.13% | $10,755 |
| POLARIS HOME FUNDING CORP. | 1 | 6.25% | $10,525 |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | 1 | 7.25% | $7,173 |
| The State Bank and Trust Company | 1 | 6.50% | $6,156 |
| Bank of England | 1 | 6.13% | $9,620 |
| Western Ohio Mortgage Corporation | 1 | 7.00% | $5,099 |
| EQUITY RESOURCES, INC. | 1 | 6.99% | $5,360 |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | 1 | 5.75% | $4,307 |
| LIBERTY HOME MORTGAGE CORPORATION | 1 | 6.13% | $7,103 |
The top Toledo USDA lender as defined by loan originations is LOANDEPOT.COM, LLC, with
4 USDA loans originated. Their average total fees are
$5,394, which is $702
higher than the next largest lender,
MID AMERICA MORTGAGE, INC..
The lowest fee Toledo USDA lenders (with over 10 loans originated) are
.
The lowest rate Toledo USDA lenders (with over 10 loans originated) are
.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Toledo (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 | $129,950 (-1.7%) | $199,476 (4.5%) | 0.48 | 1,993 |
| 2018-02-01 | $134,900 (0.0%) | $203,753 (3.7%) | 0.49 | 1,850 |
| 2018-03-01 | $144,900 (3.6%) | $213,548 (5.8%) | 0.51 | 1,776 |
| 2018-04-01 | $157,450 (11.4%) | $228,081 (11.2%) | 0.53 | 1,779 |
| 2018-05-01 | $165,000 (10.9%) | $233,610 (9.7%) | 0.55 | 1,786 |
| 2018-06-01 | $165,000 (13.4%) | $229,359 (6.0%) | 0.55 | 1,935 |
| 2018-07-01 | $166,388 (14.8%) | $226,483 (5.2%) | 0.56 | 2,057 |
| 2018-08-01 | $155,037 (10.8%) | $219,787 (5.5%) | 0.52 | 2,172 |
| 2018-09-01 | $149,900 (4.9%) | $214,419 (3.1%) | 0.50 | 2,182 |
| 2018-10-01 | $149,900 (6.0%) | $211,764 (2.2%) | 0.51 | 2,220 |
| 2018-11-01 | $149,200 (6.7%) | $210,764 (2.5%) | 0.51 | 2,106 |
| 2018-12-01 | $145,000 (6.2%) | $210,114 (-2.6%) | 0.50 | 1,968 |
| 2019-01-01 | $149,450 (15.0%) | $212,975 (6.8%) | 0.52 | 1,754 |
| 2019-02-01 | $151,450 (12.3%) | $218,235 (7.1%) | 0.51 | 1,653 |
| 2019-03-01 | $168,943 (16.6%) | $230,994 (8.2%) | 0.55 | 1,603 |
| 2019-04-01 | $179,493 (14.0%) | $240,921 (5.6%) | 0.57 | 1,592 |
| 2019-05-01 | $193,950 (17.6%) | $245,229 (5.0%) | 0.61 | 1,610 |
| 2019-06-01 | $194,900 (18.1%) | $246,539 (7.5%) | 0.61 | 1,652 |
| 2019-07-01 | $184,950 (11.2%) | $242,582 (7.1%) | 0.58 | 1,781 |
| 2019-08-01 | $180,910 (16.7%) | $239,493 (9.0%) | 0.57 | 1,814 |
| 2019-09-01 | $174,774 (16.6%) | $235,702 (9.9%) | 0.56 | 1,833 |
| 2019-10-01 | $169,951 (13.4%) | $232,202 (9.7%) | 0.55 | 1,846 |
| 2019-11-01 | $165,000 (10.6%) | $226,584 (7.5%) | 0.54 | 1,835 |
| 2019-12-01 | $159,900 (10.3%) | $225,502 (7.3%) | 0.53 | 1,720 |
| 2020-01-01 | $160,599 (7.5%) | $227,963 (7.0%) | 0.54 | 1,585 |
| 2020-02-01 | $166,000 (9.6%) | $231,041 (5.9%) | 0.54 | 1,505 |
| 2020-03-01 | $169,475 (0.3%) | $236,922 (2.6%) | 0.53 | 1,472 |
| 2020-04-01 | $180,950 (0.8%) | $241,258 (0.1%) | 0.57 | 1,440 |
| 2020-05-01 | $197,700 (1.9%) | $254,112 (3.6%) | 0.60 | 1,344 |
| 2020-06-01 | $202,475 (3.9%) | $266,529 (8.1%) | 0.60 | 1,210 |
| 2020-07-01 | $211,225 (14.2%) | $270,004 (11.3%) | 0.61 | 1,173 |
| 2020-08-01 | $215,000 (18.8%) | $268,774 (12.2%) | 0.62 | 1,107 |
| 2020-09-01 | $202,450 (15.8%) | $259,184 (10.0%) | 0.58 | 1,073 |
| 2020-10-01 | $189,900 (11.7%) | $254,888 (9.8%) | 0.54 | 1,117 |
| 2020-11-01 | $179,950 (9.1%) | $249,744 (10.2%) | 0.53 | 1,026 |
| 2020-12-01 | $179,675 (12.4%) | $247,111 (9.6%) | 0.53 | 894 |
| 2021-01-01 | $180,000 (12.1%) | $246,732 (8.2%) | 0.54 | 785 |
| 2021-02-01 | $197,000 (18.7%) | $260,241 (12.6%) | 0.57 | 635 |
| 2021-03-01 | $191,750 (13.1%) | $257,647 (8.8%) | 0.54 | 641 |
| 2021-04-01 | $183,000 (1.1%) | $254,981 (5.7%) | 0.50 | 679 |
| 2021-05-01 | $187,250 (-5.3%) | $253,797 (-0.1%) | 0.50 | 727 |
| 2021-06-01 | $184,250 (-9.0%) | $258,618 (-3.0%) | 0.49 | 794 |
| 2021-07-01 | $185,000 (-12.4%) | $253,724 (-6.0%) | 0.49 | 921 |
| 2021-08-01 | $179,400 (-16.6%) | $258,851 (-3.7%) | 0.48 | 1,034 |
| 2021-09-01 | $169,900 (-16.1%) | $252,231 (-2.7%) | 0.45 | 1,097 |
| 2021-10-01 | $165,000 (-13.1%) | $246,723 (-3.2%) | 0.44 | 1,050 |
| 2021-11-01 | $159,900 (-11.1%) | $243,667 (-2.4%) | 0.43 | 944 |
| 2021-12-01 | $152,475 (-15.1%) | $243,785 (-1.4%) | 0.41 | 786 |
| 2022-01-01 | $149,900 (-16.7%) | $251,318 (1.9%) | 0.41 | 665 |
| 2022-02-01 | $152,500 (-22.6%) | $251,286 (-3.4%) | 0.40 | 541 |
| 2022-03-01 | $166,500 (-13.2%) | $272,557 (5.8%) | 0.42 | 525 |
| 2022-04-01 | $179,900 (-1.7%) | $274,927 (7.8%) | 0.43 | 610 |
| 2022-05-01 | $184,450 (-1.5%) | $269,706 (6.3%) | 0.42 | 749 |
| 2022-06-01 | $189,000 (2.6%) | $270,668 (4.7%) | 0.42 | 896 |
| 2022-07-01 | $184,900 (-0.1%) | $269,875 (6.4%) | 0.42 | 993 |
| 2022-08-01 | $181,200 (1.0%) | $268,572 (3.8%) | 0.42 | 1,030 |
| 2022-09-01 | $179,950 (5.9%) | $256,955 (1.9%) | 0.42 | 1,020 |
| 2022-10-01 | $169,900 (3.0%) | $243,741 (-1.2%) | 0.40 | 1,063 |
| 2022-11-01 | $161,319 (0.9%) | $238,106 (-2.3%) | 0.39 | 1,024 |
| 2022-12-01 | $167,000 (9.5%) | $246,743 (1.2%) | 0.41 | 888 |
| 2023-01-01 | $174,600 (16.5%) | $264,260 (5.2%) | 0.43 | 758 |
| 2023-02-01 | $190,825 (25.1%) | $282,413 (12.4%) | 0.46 | 686 |
| 2023-03-01 | $208,800 (25.4%) | $298,616 (9.6%) | 0.49 | 689 |
| 2023-04-01 | $215,000 (19.5%) | $303,613 (10.4%) | 0.50 | 718 |
| 2023-05-01 | $229,950 (24.7%) | $305,498 (13.3%) | 0.52 | 795 |
| 2023-06-01 | $239,900 (26.9%) | $305,806 (13.0%) | 0.54 | 849 |
| 2023-07-01 | $239,900 (29.8%) | $308,542 (14.3%) | 0.55 | 811 |
| 2023-08-01 | $237,200 (30.9%) | $303,766 (13.1%) | 0.54 | 868 |
| 2023-09-01 | $219,900 (22.2%) | $284,806 (10.8%) | 0.51 | 927 |
| 2023-10-01 | $205,725 (21.1%) | $277,582 (13.9%) | 0.48 | 991 |
| 2023-11-01 | $199,900 (23.9%) | $279,117 (17.2%) | 0.48 | 942 |
| 2023-12-01 | $199,800 (19.6%) | $270,402 (9.6%) | 0.49 | 882 |
| 2024-01-01 | $189,950 (8.8%) | $285,518 (8.0%) | 0.46 | 831 |
| 2024-02-01 | $212,750 (11.5%) | $308,287 (9.2%) | 0.51 | 735 |
| 2024-03-01 | $230,000 (10.2%) | $328,574 (10.0%) | 0.54 | 742 |
| 2024-04-01 | $244,900 (13.9%) | $335,453 (10.5%) | 0.57 | 762 |
| 2024-05-01 | $276,177 (20.1%) | $370,686 (21.3%) | 0.62 | 852 |
| 2024-06-01 | $274,900 (14.6%) | $365,433 (19.5%) | 0.62 | 883 |
| 2024-07-01 | $262,400 (9.4%) | $341,719 (10.8%) | 0.60 | 911 |
| 2024-08-01 | $248,944 (5.0%) | $320,949 (5.7%) | 0.58 | 996 |
| 2024-09-01 | $237,450 (8.0%) | $322,444 (13.2%) | 0.56 | 1,034 |
| 2024-10-01 | $247,175 (20.2%) | $328,939 (18.5%) | 0.58 | 1,007 |
Toledo's median listing price comes in at 58% of the national average.
Toledo's average listing price for 2024-10-01 was $328,939, a difference of $51,357 (18.5%) versus the prior year and $6,495 versus the prior month.
For the 2024-10-01 period, Toledo had 1,007 MLS listings, a difference of -27 listings (-3%) versus the prior month and 16 listings (2%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Toledo (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 85 days | 1,508 sqft |
| 2018-02-01 | 82 days | 1,509 sqft |
| 2018-03-01 | 62 days | 1,554 sqft |
| 2018-04-01 | 52 days | 1,589 sqft |
| 2018-05-01 | 52 days | 1,619 sqft |
| 2018-06-01 | 48 days | 1,640 sqft |
| 2018-07-01 | 48 days | 1,655 sqft |
| 2018-08-01 | 49 days | 1,622 sqft |
| 2018-09-01 | 54 days | 1,611 sqft |
| 2018-10-01 | 60 days | 1,618 sqft |
| 2018-11-01 | 63 days | 1,586 sqft |
| 2018-12-01 | 72 days | 1,568 sqft |
| 2019-01-01 | 81 days | 1,575 sqft |
| 2019-02-01 | 79 days | 1,570 sqft |
| 2019-03-01 | 68 days | 1,614 sqft |
| 2019-04-01 | 52 days | 1,664 sqft |
| 2019-05-01 | 48 days | 1,704 sqft |
| 2019-06-01 | 50 days | 1,715 sqft |
| 2019-07-01 | 50 days | 1,717 sqft |
| 2019-08-01 | 53 days | 1,711 sqft |
| 2019-09-01 | 55 days | 1,702 sqft |
| 2019-10-01 | 57 days | 1,695 sqft |
| 2019-11-01 | 58 days | 1,688 sqft |
| 2019-12-01 | 66 days | 1,648 sqft |
| 2020-01-01 | 76 days | 1,641 sqft |
| 2020-02-01 | 72 days | 1,629 sqft |
| 2020-03-01 | 58 days | 1,641 sqft |
| 2020-04-01 | 62 days | 1,670 sqft |
| 2020-05-01 | 64 days | 1,698 sqft |
| 2020-06-01 | 46 days | 1,724 sqft |
| 2020-07-01 | 40 days | 1,765 sqft |
| 2020-08-01 | 45 days | 1,738 sqft |
| 2020-09-01 | 40 days | 1,718 sqft |
| 2020-10-01 | 40 days | 1,694 sqft |
| 2020-11-01 | 45 days | 1,621 sqft |
| 2020-12-01 | 56 days | 1,631 sqft |
| 2021-01-01 | 63 days | 1,633 sqft |
| 2021-02-01 | 47 days | 1,651 sqft |
| 2021-03-01 | 35 days | 1,646 sqft |
| 2021-04-01 | 28 days | 1,620 sqft |
| 2021-05-01 | 27 days | 1,608 sqft |
| 2021-06-01 | 28 days | 1,604 sqft |
| 2021-07-01 | 30 days | 1,598 sqft |
| 2021-08-01 | 30 days | 1,594 sqft |
| 2021-09-01 | 35 days | 1,584 sqft |
| 2021-10-01 | 42 days | 1,568 sqft |
| 2021-11-01 | 45 days | 1,532 sqft |
| 2021-12-01 | 53 days | 1,529 sqft |
| 2022-01-01 | 58 days | 1,502 sqft |
| 2022-02-01 | 42 days | 1,488 sqft |
| 2022-03-01 | 31 days | 1,526 sqft |
| 2022-04-01 | 24 days | 1,531 sqft |
| 2022-05-01 | 24 days | 1,517 sqft |
| 2022-06-01 | 25 days | 1,542 sqft |
| 2022-07-01 | 34 days | 1,560 sqft |
| 2022-08-01 | 35 days | 1,562 sqft |
| 2022-09-01 | 41 days | 1,536 sqft |
| 2022-10-01 | 40 days | 1,512 sqft |
| 2022-11-01 | 44 days | 1,504 sqft |
| 2022-12-01 | 54 days | 1,500 sqft |
| 2023-01-01 | 62 days | 1,522 sqft |
| 2023-02-01 | 47 days | 1,539 sqft |
| 2023-03-01 | 36 days | 1,533 sqft |
| 2023-04-01 | 37 days | 1,544 sqft |
| 2023-05-01 | 31 days | 1,552 sqft |
| 2023-06-01 | 35 days | 1,576 sqft |
| 2023-07-01 | 38 days | 1,586 sqft |
| 2023-08-01 | 37 days | 1,615 sqft |
| 2023-09-01 | 37 days | 1,590 sqft |
| 2023-10-01 | 39 days | 1,552 sqft |
| 2023-11-01 | 43 days | 1,528 sqft |
| 2023-12-01 | 53 days | 1,530 sqft |
| 2024-01-01 | 53 days | 1,521 sqft |
| 2024-02-01 | 42 days | 1,545 sqft |
| 2024-03-01 | 37 days | 1,556 sqft |
| 2024-04-01 | 37 days | 1,593 sqft |
| 2024-05-01 | 28 days | 1,647 sqft |
| 2024-06-01 | 31 days | 1,656 sqft |
| 2024-07-01 | 37 days | 1,648 sqft |
| 2024-08-01 | 35 days | 1,603 sqft |
| 2024-09-01 | 37 days | 1,598 sqft |
| 2024-10-01 | 43 days | 1,611 sqft |
Toledo's median square footage for active listings during the 2024-10-01 period was 1,611 sqft. One year prior, the average listing was 1,552 sqft.