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 25 lenders originated 83 USDA loans during 2021. The total origination value was $11,725,000, with an average USDA loan value of $141,265.

Toledo USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Toledo averaged 0.28% for the week of 2022-11-25, compared to the national average (all USDA variants) of 0% for the same period.

Toledo's average USDA mortgage closing costs are $4,845.

The average rate for the prior week (2022-11-18) was 6.43% and one month ago for the week of 2022-10-21, the average rate was 6.85%.

The average rate one year ago was 3.39%.

For refis of the same type during the week of 2022-11-25, the average rate was 0.13%.

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

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 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
UNION HOME MORTGAGE CORP. 15 2.96% $5,272
CROSSCOUNTRY MORTGAGE, LLC 10 3.25% $6,348
AMERIFIRST FINANCIAL CORPORATION 5 2.63% $4,630
MID AMERICA MORTGAGE, INC. 5 2.65% $3,743
EQUITY RESOURCES, INC. 5 2.43% $4,574
Bank of England 4 3.25% $4,879
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 4 2.75% $5,867
Hometown Equity Mortgage, LLC 3 2.96% $5,142
CALIBER HOME LOANS, INC. 3 2.96% $4,765
First Federal Bank of the Midwest 3 3.00% $5,296
GVC MORTGAGE, INC. 3 3.33% $7,408
HOWARD HANNA FINANCIAL SERVICES, INC. 3 2.54% $5,246
LOANDEPOT.COM, LLC 3 3.50% $4,270
Flagstar Bank, FSB 2 3.00% $6,003
LENDUS, LLC 2 3.25% $7,417
POLARIS HOME FUNDING CORP. 2 3.06% $6,216
First Guaranty Mortgage Corporation 1 2.88% $3,241
MORTGAGE 1 INCORPORATED 1 3.50% $7,430
NATIONS RELIABLE LENDING, LLC 1 3.25% $6,723
Northpointe Bank 1 2.75% $7,022
PENNYMAC LOAN SERVICES, LLC 1 3.00% $4,119
PLAZA HOME MORTGAGE, INC. 1 3.88% $4,591
AMERICAN MORTGAGE SERVICE COMPANY 1 2.25% $4,897
Ixonia Bank 1 3.50% $4,153
CELEBRITY HOME LOANS, LLC 1 2.88% $5,171

The top Toledo USDA lender as defined by loan originations is UNION HOME MORTGAGE CORP., with 15 USDA loans originated. Their average total fees are $5,272, which is $1,076 lower than the next largest lender, CROSSCOUNTRY MORTGAGE, LLC.

The lowest fee Toledo USDA lenders (with over 10 loans originated) are UNION HOME MORTGAGE CORP. ($5,272), CROSSCOUNTRY MORTGAGE, LLC ($6,348), .

The lowest rate Toledo USDA lenders (with over 10 loans originated) are UNION HOME MORTGAGE CORP. (2.96%), CROSSCOUNTRY MORTGAGE, LLC (3.25%), .


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%) $199,498 (4.5%) 0.48 1,993
2018-02-01 $134,900 (0.0%) $203,775 (3.7%) 0.49 1,850
2018-03-01 $144,900 (3.6%) $213,606 (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%) $229,444 (6.0%) 0.55 1,934
2018-07-01 $166,525 (14.9%) $226,566 (5.3%) 0.56 2,056
2018-08-01 $155,124 (10.9%) $219,863 (5.5%) 0.52 2,171
2018-09-01 $149,900 (4.9%) $214,493 (3.2%) 0.50 2,181
2018-10-01 $149,900 (6.0%) $211,835 (2.2%) 0.51 2,219
2018-11-01 $149,200 (6.7%) $210,801 (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%) $230,995 (8.1%) 0.55 1,603
2019-04-01 $179,493 (14.0%) $241,073 (5.7%) 0.57 1,593
2019-05-01 $193,825 (17.5%) $245,151 (4.9%) 0.61 1,614
2019-06-01 $194,900 (18.1%) $246,462 (7.4%) 0.61 1,658
2019-07-01 $184,950 (11.1%) $242,486 (7.0%) 0.58 1,786
2019-08-01 $180,909 (16.6%) $239,384 (8.9%) 0.57 1,819
2019-09-01 $174,773 (16.6%) $235,555 (9.8%) 0.56 1,839
2019-10-01 $169,950 (13.4%) $232,025 (9.5%) 0.55 1,852
2019-11-01 $165,000 (10.6%) $226,424 (7.4%) 0.54 1,842
2019-12-01 $159,900 (10.3%) $225,332 (7.2%) 0.53 1,727
2020-01-01 $159,974 (7.0%) $227,720 (6.9%) 0.53 1,593
2020-02-01 $165,000 (9.0%) $230,723 (5.7%) 0.54 1,514
2020-03-01 $169,450 (0.3%) $236,569 (2.4%) 0.53 1,481
2020-04-01 $179,500 (0.0%) $240,897 (-0.1%) 0.56 1,449
2020-05-01 $195,700 (1.0%) $253,750 (3.5%) 0.59 1,351
2020-06-01 $202,400 (3.9%) $266,071 (8.0%) 0.60 1,217
2020-07-01 $209,975 (13.5%) $269,388 (11.1%) 0.61 1,181
2020-08-01 $214,889 (18.8%) $268,299 (12.1%) 0.62 1,114
2020-09-01 $199,475 (14.1%) $258,701 (9.8%) 0.57 1,080
2020-10-01 $189,900 (11.7%) $254,438 (9.7%) 0.54 1,124
2020-11-01 $179,950 (9.1%) $249,286 (10.1%) 0.53 1,033
2020-12-01 $179,000 (11.9%) $246,639 (9.5%) 0.53 901
2021-01-01 $179,900 (12.5%) $246,222 (8.1%) 0.54 792
2021-02-01 $197,000 (19.4%) $259,436 (12.4%) 0.57 643
2021-03-01 $191,450 (13.0%) $256,780 (8.5%) 0.54 649
2021-04-01 $182,475 (1.7%) $254,164 (5.5%) 0.49 687
2021-05-01 $185,475 (-5.2%) $253,041 (-0.3%) 0.49 734
2021-06-01 $181,300 (-10.4%) $257,815 (-3.1%) 0.48 801
2021-07-01 $184,900 (-11.9%) $253,048 (-6.1%) 0.49 928
2021-08-01 $178,758 (-16.8%) $257,877 (-3.9%) 0.48 1,040
2021-09-01 $169,900 (-14.8%) $251,372 (-2.8%) 0.45 1,104
2021-10-01 $165,000 (-13.1%) $245,912 (-3.4%) 0.44 1,057
2021-11-01 $159,900 (-11.1%) $242,776 (-2.6%) 0.43 951
2021-12-01 $152,450 (-14.8%) $242,732 (-1.6%) 0.41 793
2022-01-01 $149,900 (-16.7%) $250,458 (1.7%) 0.41 673
2022-02-01 $152,450 (-22.6%) $250,323 (-3.5%) 0.40 549
2022-03-01 $166,450 (-13.1%) $271,415 (5.7%) 0.42 533
2022-04-01 $179,900 (-1.4%) $273,943 (7.8%) 0.43 618
2022-05-01 $182,400 (-1.7%) $268,865 (6.3%) 0.42 757
2022-06-01 $188,475 (4.0%) $269,928 (4.7%) 0.42 904
2022-07-01 $184,900 (0.0%) $269,203 (6.4%) 0.42 1,001
2022-08-01 $179,950 (0.7%) $267,914 (3.9%) 0.42 1,038
2022-09-01 $179,925 (5.9%) $256,396 (2.0%) 0.42 1,028
2022-10-01 $169,000 (2.4%) $243,266 (-1.1%) 0.40 1,071
Toledo's median listing price for 2022-10-01 was $169,000, a difference of $4,000 (2.4%) versus the prior year and $-10,925 versus the prior month.

Toledo's median listing price comes in at 40% of the national average.

Toledo's average listing price for 2022-10-01 was $243,266, a difference of $-2,646 (-1.1%) versus the prior year and $-13,130 versus the prior month.

For the 2022-10-01 period, Toledo had 1,071 MLS listings, a difference of 43 listings (4%) versus the prior month and 14 listings (1%) 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 87 days 1,508 sqft
2018-02-01 85 days 1,509 sqft
2018-03-01 66 days 1,554 sqft
2018-04-01 56 days 1,591 sqft
2018-05-01 55 days 1,621 sqft
2018-06-01 52 days 1,641 sqft
2018-07-01 50 days 1,656 sqft
2018-08-01 50 days 1,623 sqft
2018-09-01 56 days 1,612 sqft
2018-10-01 62 days 1,619 sqft
2018-11-01 65 days 1,587 sqft
2018-12-01 74 days 1,568 sqft
2019-01-01 84 days 1,578 sqft
2019-02-01 82 days 1,571 sqft
2019-03-01 70 days 1,615 sqft
2019-04-01 55 days 1,665 sqft
2019-05-01 51 days 1,704 sqft
2019-06-01 51 days 1,714 sqft
2019-07-01 52 days 1,716 sqft
2019-08-01 54 days 1,710 sqft
2019-09-01 57 days 1,700 sqft
2019-10-01 59 days 1,694 sqft
2019-11-01 60 days 1,687 sqft
2019-12-01 67 days 1,646 sqft
2020-01-01 79 days 1,638 sqft
2020-02-01 74 days 1,628 sqft
2020-03-01 60 days 1,638 sqft
2020-04-01 63 days 1,665 sqft
2020-05-01 66 days 1,696 sqft
2020-06-01 49 days 1,721 sqft
2020-07-01 43 days 1,763 sqft
2020-08-01 47 days 1,736 sqft
2020-09-01 42 days 1,718 sqft
2020-10-01 43 days 1,692 sqft
2020-11-01 47 days 1,619 sqft
2020-12-01 60 days 1,628 sqft
2021-01-01 65 days 1,632 sqft
2021-02-01 54 days 1,646 sqft
2021-03-01 39 days 1,642 sqft
2021-04-01 31 days 1,617 sqft
2021-05-01 29 days 1,607 sqft
2021-06-01 29 days 1,603 sqft
2021-07-01 30 days 1,596 sqft
2021-08-01 30 days 1,594 sqft
2021-09-01 35 days 1,583 sqft
2021-10-01 43 days 1,568 sqft
2021-11-01 46 days 1,527 sqft
2021-12-01 54 days 1,526 sqft
2022-01-01 59 days 1,501 sqft
2022-02-01 44 days 1,488 sqft
2022-03-01 33 days 1,524 sqft
2022-04-01 25 days 1,530 sqft
2022-05-01 25 days 1,516 sqft
2022-06-01 26 days 1,540 sqft
2022-07-01 34 days 1,556 sqft
2022-08-01 36 days 1,560 sqft
2022-09-01 42 days 1,535 sqft
2022-10-01 40 days 1,512 sqft
Toledo's median listing age (time on market) for 2022-10-01 was 40 days. This is -7% shorter than the same period one year ago.

Toledo's median square footage for active listings during the 2022-10-01 period was 1,512 sqft. One year prior, the average listing was 1,568 sqft.