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
6.92%
for the week of 2025-02-14, compared to the national average (all USDA variants) of
6.526% for the same period.
Toledo's average USDA mortgage closing costs are $5,082.
The average rate for the prior week (2025-02-07) was
6.68% and
one month ago for the week of 2025-01-10, the
average rate was 6.72%.
The average rate one year ago was 6.62%.
For refis of the same type during the week of 2025-02-14, the average rate
was 7.23%.
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 | $119,900 (-4.0%) | $178,730 (2.6%) | 0.48 | 1,667 |
| 2018-02-01 | $119,900 (-4.0%) | $183,222 (1.8%) | 0.49 | 1,546 |
| 2018-03-01 | $129,900 (0.8%) | $194,785 (6.0%) | 0.51 | 1,479 |
| 2018-04-01 | $139,450 (7.4%) | $207,536 (11.0%) | 0.53 | 1,467 |
| 2018-05-01 | $146,450 (11.5%) | $213,191 (9.4%) | 0.55 | 1,472 |
| 2018-06-01 | $149,900 (14.5%) | $210,697 (6.1%) | 0.55 | 1,609 |
| 2018-07-01 | $149,900 (15.4%) | $209,278 (5.1%) | 0.56 | 1,761 |
| 2018-08-01 | $139,900 (7.7%) | $201,802 (4.5%) | 0.52 | 1,875 |
| 2018-09-01 | $139,900 (7.7%) | $196,091 (2.1%) | 0.50 | 1,883 |
| 2018-10-01 | $139,900 (6.8%) | $193,791 (1.9%) | 0.51 | 1,919 |
| 2018-11-01 | $139,400 (10.2%) | $193,433 (3.7%) | 0.51 | 1,815 |
| 2018-12-01 | $137,900 (12.2%) | $192,627 (6.3%) | 0.50 | 1,704 |
| 2019-01-01 | $136,750 (14.1%) | $195,080 (9.2%) | 0.52 | 1,495 |
| 2019-02-01 | $137,400 (14.6%) | $199,615 (9.0%) | 0.51 | 1,400 |
| 2019-03-01 | $152,371 (17.3%) | $211,964 (8.8%) | 0.55 | 1,346 |
| 2019-04-01 | $166,921 (19.7%) | $220,239 (6.1%) | 0.57 | 1,341 |
| 2019-05-01 | $173,700 (18.6%) | $225,843 (5.9%) | 0.61 | 1,346 |
| 2019-06-01 | $174,900 (16.7%) | $226,532 (7.5%) | 0.61 | 1,351 |
| 2019-07-01 | $169,900 (13.3%) | $221,029 (5.6%) | 0.58 | 1,464 |
| 2019-08-01 | $166,927 (19.3%) | $219,048 (8.6%) | 0.57 | 1,518 |
| 2019-09-01 | $162,468 (16.1%) | $215,037 (9.7%) | 0.56 | 1,556 |
| 2019-10-01 | $158,000 (12.9%) | $212,231 (9.5%) | 0.55 | 1,588 |
| 2019-11-01 | $154,900 (11.1%) | $207,045 (7.0%) | 0.54 | 1,591 |
| 2019-12-01 | $153,450 (11.3%) | $206,062 (7.0%) | 0.53 | 1,498 |
| 2020-01-01 | $153,675 (12.4%) | $208,010 (6.6%) | 0.54 | 1,358 |
| 2020-02-01 | $154,900 (12.7%) | $210,048 (5.2%) | 0.54 | 1,274 |
| 2020-03-01 | $157,450 (3.3%) | $214,444 (1.2%) | 0.53 | 1,230 |
| 2020-04-01 | $168,075 (0.7%) | $219,208 (-0.5%) | 0.57 | 1,212 |
| 2020-05-01 | $178,950 (3.0%) | $232,054 (2.8%) | 0.60 | 1,122 |
| 2020-06-01 | $184,900 (5.7%) | $243,917 (7.7%) | 0.60 | 1,002 |
| 2020-07-01 | $193,875 (14.1%) | $245,693 (11.2%) | 0.61 | 978 |
| 2020-08-01 | $189,900 (13.8%) | $246,997 (12.8%) | 0.62 | 943 |
| 2020-09-01 | $181,050 (11.4%) | $237,536 (10.5%) | 0.58 | 927 |
| 2020-10-01 | $179,900 (13.9%) | $234,244 (10.4%) | 0.54 | 975 |
| 2020-11-01 | $167,400 (8.1%) | $230,054 (11.1%) | 0.53 | 895 |
| 2020-12-01 | $165,950 (8.2%) | $224,278 (8.8%) | 0.53 | 770 |
| 2021-01-01 | $169,900 (10.6%) | $230,995 (11.1%) | 0.54 | 667 |
| 2021-02-01 | $185,000 (19.4%) | $245,152 (16.7%) | 0.57 | 549 |
| 2021-03-01 | $182,400 (15.9%) | $241,935 (12.8%) | 0.54 | 546 |
| 2021-04-01 | $172,000 (2.3%) | $235,478 (7.4%) | 0.50 | 573 |
| 2021-05-01 | $179,900 (0.5%) | $234,506 (1.1%) | 0.50 | 608 |
| 2021-06-01 | $175,000 (-5.4%) | $234,145 (-4.0%) | 0.49 | 679 |
| 2021-07-01 | $179,900 (-7.2%) | $233,618 (-4.9%) | 0.49 | 790 |
| 2021-08-01 | $169,450 (-10.8%) | $232,845 (-5.7%) | 0.48 | 908 |
| 2021-09-01 | $159,900 (-11.7%) | $222,551 (-6.3%) | 0.45 | 966 |
| 2021-10-01 | $154,950 (-13.9%) | $219,253 (-6.4%) | 0.44 | 930 |
| 2021-11-01 | $149,450 (-10.7%) | $215,412 (-6.4%) | 0.43 | 834 |
| 2021-12-01 | $144,950 (-12.7%) | $210,892 (-6.0%) | 0.41 | 688 |
| 2022-01-01 | $135,000 (-20.5%) | $207,661 (-10.1%) | 0.41 | 571 |
| 2022-02-01 | $134,925 (-27.1%) | $205,812 (-16.1%) | 0.40 | 452 |
| 2022-03-01 | $153,325 (-15.9%) | $225,372 (-6.9%) | 0.42 | 442 |
| 2022-04-01 | $163,700 (-4.8%) | $225,517 (-4.2%) | 0.43 | 517 |
| 2022-05-01 | $168,450 (-6.4%) | $227,921 (-2.8%) | 0.42 | 639 |
| 2022-06-01 | $169,950 (-2.9%) | $230,565 (-1.5%) | 0.42 | 785 |
| 2022-07-01 | $169,900 (-5.6%) | $234,021 (0.2%) | 0.42 | 869 |
| 2022-08-01 | $165,825 (-2.1%) | $232,122 (-0.3%) | 0.42 | 911 |
| 2022-09-01 | $167,425 (4.7%) | $226,656 (1.8%) | 0.42 | 912 |
| 2022-10-01 | $154,900 (0.0%) | $218,538 (-0.3%) | 0.40 | 947 |
| 2022-11-01 | $149,900 (0.3%) | $211,349 (-1.9%) | 0.39 | 915 |
| 2022-12-01 | $149,900 (3.4%) | $210,295 (-0.3%) | 0.41 | 785 |
| 2023-01-01 | $162,400 (20.3%) | $220,856 (6.4%) | 0.43 | 671 |
| 2023-02-01 | $173,700 (28.7%) | $233,627 (13.5%) | 0.46 | 587 |
| 2023-03-01 | $174,950 (14.1%) | $236,211 (4.8%) | 0.49 | 575 |
| 2023-04-01 | $185,450 (13.3%) | $245,178 (8.7%) | 0.50 | 604 |
| 2023-05-01 | $204,900 (21.6%) | $251,245 (10.2%) | 0.52 | 665 |
| 2023-06-01 | $212,400 (25.0%) | $254,555 (10.4%) | 0.54 | 711 |
| 2023-07-01 | $200,000 (17.7%) | $255,153 (9.0%) | 0.55 | 672 |
| 2023-08-01 | $199,900 (20.6%) | $256,476 (10.5%) | 0.54 | 710 |
| 2023-09-01 | $189,900 (13.4%) | $244,894 (8.1%) | 0.51 | 780 |
| 2023-10-01 | $187,400 (21.0%) | $241,815 (10.7%) | 0.48 | 843 |
| 2023-11-01 | $179,925 (20.0%) | $235,506 (11.4%) | 0.48 | 802 |
| 2023-12-01 | $174,900 (16.7%) | $232,960 (10.8%) | 0.49 | 759 |
| 2024-01-01 | $169,925 (4.6%) | $232,871 (5.4%) | 0.46 | 711 |
| 2024-02-01 | $182,400 (5.0%) | $245,848 (5.2%) | 0.51 | 618 |
| 2024-03-01 | $199,900 (14.3%) | $259,851 (10.0%) | 0.54 | 601 |
| 2024-04-01 | $209,950 (13.2%) | $270,188 (10.2%) | 0.57 | 614 |
| 2024-05-01 | $231,950 (13.2%) | $285,709 (13.7%) | 0.62 | 696 |
| 2024-06-01 | $229,900 (8.2%) | $284,679 (11.8%) | 0.62 | 720 |
| 2024-07-01 | $239,950 (20.0%) | $285,338 (11.8%) | 0.60 | 759 |
| 2024-08-01 | $219,900 (10.0%) | $268,943 (4.9%) | 0.58 | 853 |
| 2024-09-01 | $214,950 (13.2%) | $272,912 (11.4%) | 0.56 | 882 |
| 2024-10-01 | $219,088 (16.9%) | $273,846 (13.3%) | 0.58 | 841 |
| 2024-11-01 | $219,900 (22.2%) | $279,811 (18.8%) | 0.59 | 843 |
| 2024-12-01 | $220,000 (25.8%) | $282,698 (21.4%) | 0.60 | 766 |
| 2025-01-01 | $219,950 (29.4%) | $281,494 (20.9%) | 0.00 | 733 |
Toledo's median listing price comes in at 0% of the national average.
Toledo's average listing price for 2025-01-01 was $281,494, a difference of $48,623 (20.9%) versus the prior year and $-1,204 versus the prior month.
For the 2025-01-01 period, Toledo had 733 MLS listings, a difference of -33 listings (-4%) versus the prior month and 22 listings (3%) 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 | 1,499 sqft |
| 2018-02-01 | 82 days | 1,497 sqft |
| 2018-03-01 | 62 days | 1,548 sqft |
| 2018-04-01 | 52 days | 1,577 sqft |
| 2018-05-01 | 52 days | 1,623 sqft |
| 2018-06-01 | 48 days | 1,663 sqft |
| 2018-07-01 | 48 days | 1,666 sqft |
| 2018-08-01 | 49 days | 1,629 sqft |
| 2018-09-01 | 54 days | 1,620 sqft |
| 2018-10-01 | 60 days | 1,626 sqft |
| 2018-11-01 | 63 days | 1,591 sqft |
| 2018-12-01 | 72 days | 1,568 sqft |
| 2019-01-01 | 81 days | 1,576 sqft |
| 2019-02-01 | 79 days | 1,565 sqft |
| 2019-03-01 | 68 days | 1,611 sqft |
| 2019-04-01 | 52 days | 1,662 sqft |
| 2019-05-01 | 48 days | 1,730 sqft |
| 2019-06-01 | 50 days | 1,738 sqft |
| 2019-07-01 | 50 days | 1,742 sqft |
| 2019-08-01 | 53 days | 1,736 sqft |
| 2019-09-01 | 55 days | 1,717 sqft |
| 2019-10-01 | 57 days | 1,704 sqft |
| 2019-11-01 | 58 days | 1,690 sqft |
| 2019-12-01 | 66 days | 1,649 sqft |
| 2020-01-01 | 76 days | 1,648 sqft |
| 2020-02-01 | 72 days | 1,644 sqft |
| 2020-03-01 | 58 days | 1,658 sqft |
| 2020-04-01 | 62 days | 1,682 sqft |
| 2020-05-01 | 64 days | 1,708 sqft |
| 2020-06-01 | 46 days | 1,747 sqft |
| 2020-07-01 | 40 days | 1,781 sqft |
| 2020-08-01 | 45 days | 1,750 sqft |
| 2020-09-01 | 40 days | 1,713 sqft |
| 2020-10-01 | 40 days | 1,691 sqft |
| 2020-11-01 | 45 days | 1,620 sqft |
| 2020-12-01 | 56 days | 1,625 sqft |
| 2021-01-01 | 63 days | 1,630 sqft |
| 2021-02-01 | 47 days | 1,655 sqft |
| 2021-03-01 | 35 days | 1,646 sqft |
| 2021-04-01 | 28 days | 1,629 sqft |
| 2021-05-01 | 27 days | 1,621 sqft |
| 2021-06-01 | 28 days | 1,593 sqft |
| 2021-07-01 | 30 days | 1,592 sqft |
| 2021-08-01 | 30 days | 1,583 sqft |
| 2021-09-01 | 35 days | 1,565 sqft |
| 2021-10-01 | 42 days | 1,556 sqft |
| 2021-11-01 | 45 days | 1,517 sqft |
| 2021-12-01 | 53 days | 1,511 sqft |
| 2022-01-01 | 58 days | 1,485 sqft |
| 2022-02-01 | 42 days | 1,448 sqft |
| 2022-03-01 | 31 days | 1,482 sqft |
| 2022-04-01 | 24 days | 1,500 sqft |
| 2022-05-01 | 24 days | 1,498 sqft |
| 2022-06-01 | 25 days | 1,512 sqft |
| 2022-07-01 | 34 days | 1,528 sqft |
| 2022-08-01 | 35 days | 1,528 sqft |
| 2022-09-01 | 41 days | 1,514 sqft |
| 2022-10-01 | 40 days | 1,500 sqft |
| 2022-11-01 | 44 days | 1,496 sqft |
| 2022-12-01 | 54 days | 1,484 sqft |
| 2023-01-01 | 62 days | 1,510 sqft |
| 2023-02-01 | 47 days | 1,534 sqft |
| 2023-03-01 | 36 days | 1,524 sqft |
| 2023-04-01 | 37 days | 1,539 sqft |
| 2023-05-01 | 31 days | 1,567 sqft |
| 2023-06-01 | 35 days | 1,595 sqft |
| 2023-07-01 | 38 days | 1,589 sqft |
| 2023-08-01 | 37 days | 1,630 sqft |
| 2023-09-01 | 37 days | 1,593 sqft |
| 2023-10-01 | 39 days | 1,552 sqft |
| 2023-11-01 | 43 days | 1,527 sqft |
| 2023-12-01 | 53 days | 1,528 sqft |
| 2024-01-01 | 53 days | 1,517 sqft |
| 2024-02-01 | 42 days | 1,535 sqft |
| 2024-03-01 | 37 days | 1,550 sqft |
| 2024-04-01 | 37 days | 1,583 sqft |
| 2024-05-01 | 28 days | 1,635 sqft |
| 2024-06-01 | 31 days | 1,652 sqft |
| 2024-07-01 | 37 days | 1,652 sqft |
| 2024-08-01 | 35 days | 1,612 sqft |
| 2024-09-01 | 37 days | 1,602 sqft |
| 2024-10-01 | 43 days | 1,603 sqft |
| 2024-11-01 | 45 days | 1,595 sqft |
| 2024-12-01 | 50 days | 1,610 sqft |
| 2025-01-01 | 0 days | 1,611 sqft |
Toledo's median square footage for active listings during the 2025-01-01 period was 1,611 sqft. One year prior, the average listing was 1,517 sqft.