Toledo USDA Loan Rates, Closing Costs & Stats

TOLEDO, OH

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    • 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 7.26% for the week of 2024-04-19, compared to the national average (all USDA variants) of 6.863% for the same period.

    Toledo's average USDA mortgage closing costs are $5,082.

    The average rate for the prior week (2024-04-12) was 6.91% and one month ago for the week of 2024-03-15, the average rate was 6.69%.

    The average rate one year ago was 6.53%.

    For refis of the same type during the week of 2024-04-19, the average rate was 7.86%.

    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 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
    Toledo's median listing price for 2024-03-01 was $230,000, a difference of $21,200 (10.2%) versus the prior year and $17,250 versus the prior month.

    Toledo's median listing price comes in at 54% of the national average.

    Toledo's average listing price for 2024-03-01 was $328,574, a difference of $29,958 (10.0%) versus the prior year and $20,287 versus the prior month.

    For the 2024-03-01 period, Toledo had 742 MLS listings, a difference of 7 listings (1%) versus the prior month and 53 listings (8%) 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
    Toledo's median listing age (time on market) for 2024-03-01 was 37 days. This is 3% longer than the same period one year ago.

    Toledo's median square footage for active listings during the 2024-03-01 period was 1,556 sqft. One year prior, the average listing was 1,533 sqft.