Urbana USDA Loan Rates, Closing Costs & Stats
Urbana, 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.
Urbana's 12 lenders originated 17 USDA loans during 2023. The total origination value was $2,745,000, with an average USDA loan value of $161,471.
Urbana USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Urbana
averaged
6.38%
for the week of 2024-12-13, compared to the national average (all USDA variants) of
6.303% for the same period.
Urbana's average USDA mortgage closing costs are $4,821.
The average rate for the prior week (2024-12-06) was
6.31% and
one month ago for the week of 2024-11-08, the
average rate was 6.53%.
The average rate one year ago was 7%.
For refis of the same type during the week of 2024-12-13, the average rate
was 6.2%.
Urbana 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 Urbana level.
Name | # of Loans | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
---|---|---|---|
CROSSCOUNTRY MORTGAGE, LLC | 3 | 7.10% | $6,070 |
WRIGHT-PATT CREDIT UNION, INC. | 3 | 6.46% | $4,737 |
Western Ohio Mortgage Corporation | 2 | 7.25% | $7,471 |
Paramount Residential Mortgage Group, Inc. | 1 | 7.50% | $6,516 |
SECURITYNATIONAL MORTGAGE COMPANY | 1 | 7.13% | $6,211 |
BROKER SOLUTIONS, INC. | 1 | 6.25% | $6,209 |
THRIVE MORTGAGE, LLC | 1 | 7.13% | $8,985 |
UNION HOME MORTGAGE CORP. | 1 | 6.63% | $5,491 |
WesBanco | 1 | 5.75% | $5,378 |
T2 FINANCIAL LLC | 1 | 6.75% | $4,956 |
HOMESIDE FINANCIAL, LLC | 1 | 6.38% | $6,792 |
MID AMERICA MORTGAGE, INC. | 1 | 7.13% | $6,708 |
The top Urbana USDA lender as defined by loan originations is CROSSCOUNTRY MORTGAGE, LLC, with
3 USDA loans originated. Their average total fees are
$6,070, which is $1,333
higher than the next largest lender,
WRIGHT-PATT CREDIT UNION, INC..
The lowest fee Urbana USDA lenders (with over 10 loans originated) are
.
The lowest rate Urbana USDA lenders (with over 10 loans originated) are
.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Urbana (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $106,500 (-6.5%) | $129,114 (-8.2%) | 0.00 | 99 |
2018-02-01 | $109,375 (-0.5%) | $138,221 (0.1%) | 0.00 | 103 |
2018-03-01 | $109,500 (-2.6%) | $136,573 (-4.4%) | 0.00 | 93 |
2018-04-01 | $108,125 (-9.8%) | $140,887 (-6.4%) | 0.00 | 90 |
2018-05-01 | $123,950 (2.5%) | $156,632 (6.8%) | 0.00 | 88 |
2018-06-01 | $138,450 (13.1%) | $189,463 (26.1%) | 0.00 | 89 |
2018-07-01 | $136,200 (16.4%) | $178,449 (22.9%) | 0.00 | 115 |
2018-08-01 | $132,600 (5.9%) | $172,573 (20.8%) | 0.00 | 119 |
2018-09-01 | $139,000 (24.2%) | $177,437 (31.5%) | 0.00 | 117 |
2018-10-01 | $126,475 (15.0%) | $172,153 (27.1%) | 0.00 | 115 |
2018-11-01 | $129,400 (21.5%) | $191,222 (48.6%) | 0.00 | 113 |
2018-12-01 | $117,000 (6.9%) | $198,602 (51.7%) | 0.00 | 100 |
2019-01-01 | $118,200 (11.0%) | $187,396 (45.1%) | 0.00 | 62 |
2019-02-01 | $147,725 (35.1%) | $187,905 (36.0%) | 0.00 | 63 |
2019-03-01 | $153,800 (40.5%) | $187,606 (37.4%) | 0.00 | 65 |
2019-04-01 | $159,450 (47.5%) | $185,442 (31.6%) | 0.00 | 68 |
2019-05-01 | $159,900 (29.0%) | $184,140 (17.6%) | 0.00 | 89 |
2019-06-01 | $168,900 (22.0%) | $197,202 (4.1%) | 0.00 | 93 |
2019-07-01 | $157,425 (15.6%) | $190,567 (6.8%) | 0.00 | 94 |
2019-08-01 | $153,518 (15.8%) | $188,835 (9.4%) | 0.00 | 90 |
2019-09-01 | $151,370 (8.9%) | $185,574 (4.6%) | 0.00 | 95 |
2019-10-01 | $155,039 (22.6%) | $183,400 (6.5%) | 0.00 | 99 |
2019-11-01 | $148,400 (14.7%) | $188,715 (-1.3%) | 0.00 | 88 |
2019-12-01 | $145,250 (24.2%) | $181,335 (-8.7%) | 0.00 | 79 |
2020-01-01 | $141,450 (19.7%) | $172,579 (-7.9%) | 0.00 | 71 |
2020-02-01 | $145,500 (-1.5%) | $169,174 (-10.0%) | 0.00 | 68 |
2020-03-01 | $142,000 (-7.7%) | $174,274 (-7.1%) | 0.00 | 63 |
2020-04-01 | $159,900 (0.3%) | $187,293 (1.0%) | 0.00 | 57 |
2020-05-01 | $169,900 (6.3%) | $210,847 (14.5%) | 0.00 | 52 |
2020-06-01 | $173,350 (2.6%) | $228,070 (15.7%) | 0.00 | 47 |
2020-07-01 | $210,700 (33.8%) | $255,727 (34.2%) | 0.00 | 45 |
2020-08-01 | $203,500 (32.6%) | $256,631 (35.9%) | 0.00 | 32 |
2020-09-01 | $179,725 (18.7%) | $210,357 (13.4%) | 0.00 | 31 |
2020-10-01 | $194,000 (25.1%) | $237,855 (29.7%) | 0.00 | 30 |
2020-11-01 | $173,650 (17.0%) | $240,951 (27.7%) | 0.00 | 33 |
2020-12-01 | $167,725 (15.5%) | $233,811 (28.9%) | 0.00 | 33 |
2021-01-01 | $164,950 (16.6%) | $234,651 (36.0%) | 0.00 | 28 |
2021-02-01 | $177,150 (21.8%) | $237,331 (40.3%) | 0.00 | 19 |
2021-03-01 | $179,150 (26.2%) | $217,742 (24.9%) | 0.00 | 24 |
2021-04-01 | $189,450 (18.5%) | $220,535 (17.8%) | 0.00 | 26 |
2021-05-01 | $174,450 (2.7%) | $190,247 (-9.8%) | 0.00 | 21 |
2021-06-01 | $185,978 (7.3%) | $303,533 (33.1%) | 0.00 | 29 |
2021-07-01 | $174,500 (-17.2%) | $490,601 (91.9%) | 0.00 | 42 |
2021-08-01 | $174,950 (-14.0%) | $403,170 (57.1%) | 0.00 | 61 |
2021-09-01 | $174,950 (-2.7%) | $387,085 (84.0%) | 0.00 | 57 |
2021-10-01 | $175,000 (-9.8%) | $386,386 (62.5%) | 0.00 | 52 |
2021-11-01 | $185,813 (7.0%) | $385,605 (60.0%) | 0.00 | 61 |
2021-12-01 | $174,950 (4.3%) | $433,797 (85.5%) | 0.00 | 47 |
2022-01-01 | $170,000 (3.1%) | $518,559 (121.0%) | 0.00 | 31 |
2022-02-01 | $183,700 (3.7%) | $654,496 (175.8%) | 0.00 | 25 |
2022-03-01 | $217,400 (21.4%) | $603,881 (177.3%) | 0.00 | 26 |
2022-04-01 | $244,900 (29.3%) | $565,673 (156.5%) | 0.00 | 34 |
2022-05-01 | $221,050 (26.7%) | $536,909 (182.2%) | 0.00 | 40 |
2022-06-01 | $222,400 (19.6%) | $446,784 (47.2%) | 0.00 | 51 |
2022-07-01 | $224,500 (28.7%) | $437,428 (-10.8%) | 0.00 | 58 |
2022-08-01 | $229,675 (31.3%) | $470,634 (16.7%) | 0.00 | 53 |
2022-09-01 | $246,478 (40.9%) | $503,182 (30.0%) | 0.00 | 49 |
2022-10-01 | $229,450 (31.1%) | $480,720 (24.4%) | 0.00 | 55 |
2022-11-01 | $212,400 (14.3%) | $420,480 (9.0%) | 0.00 | 67 |
2022-12-01 | $209,450 (19.7%) | $453,001 (4.4%) | 0.00 | 57 |
2023-01-01 | $217,450 (27.9%) | $355,954 (-31.4%) | 0.00 | 37 |
2023-02-01 | $216,250 (17.7%) | $294,056 (-55.1%) | 0.00 | 26 |
2023-03-01 | $210,975 (-3.0%) | $277,272 (-54.1%) | 0.00 | 26 |
2023-04-01 | $199,900 (-18.4%) | $315,649 (-44.2%) | 0.00 | 27 |
2023-05-01 | $198,450 (-10.2%) | $307,836 (-42.7%) | 0.00 | 37 |
2023-06-01 | $252,200 (13.4%) | $618,774 (38.5%) | 0.00 | 37 |
2023-07-01 | $215,000 (-4.2%) | $562,307 (28.6%) | 0.00 | 42 |
2023-08-01 | $267,175 (16.3%) | $540,977 (15.0%) | 0.00 | 51 |
2023-09-01 | $282,450 (14.6%) | $602,976 (19.8%) | 0.00 | 45 |
2023-10-01 | $269,000 (17.2%) | $489,163 (1.8%) | 0.00 | 57 |
2023-11-01 | $259,600 (22.2%) | $468,507 (11.4%) | 0.00 | 55 |
2023-12-01 | $230,825 (10.2%) | $468,173 (3.4%) | 0.00 | 51 |
2024-01-01 | $219,000 (0.7%) | $465,525 (30.8%) | 0.00 | 54 |
2024-02-01 | $199,988 (-7.5%) | $465,926 (58.5%) | 0.00 | 48 |
2024-03-01 | $204,750 (-3.0%) | $277,544 (0.1%) | 0.00 | 39 |
2024-04-01 | $264,675 (32.4%) | $310,292 (-1.7%) | 0.00 | 32 |
2024-05-01 | $286,225 (44.2%) | $327,409 (6.4%) | 0.00 | 38 |
2024-06-01 | $279,250 (10.7%) | $329,700 (-46.7%) | 0.00 | 39 |
2024-07-01 | $258,300 (20.1%) | $281,439 (-50.0%) | 0.00 | 52 |
2024-08-01 | $227,000 (-15.0%) | $263,834 (-51.2%) | 0.00 | 47 |
2024-09-01 | $242,000 (-14.3%) | $284,447 (-52.8%) | 0.00 | 53 |
2024-10-01 | $236,450 (-12.1%) | $293,513 (-40.0%) | 0.00 | 59 |
2024-11-01 | $249,900 (-3.7%) | $299,248 (-36.1%) | 0.00 | 57 |
Urbana's median listing price comes in at 0% of the national average.
Urbana's average listing price for 2024-11-01 was $299,248, a difference of $-169,259 (-36.1%) versus the prior year and $5,735 versus the prior month.
For the 2024-11-01 period, Urbana had 57 MLS listings, a difference of -2 listings (-3%) versus the prior month and 2 listings (4%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Urbana (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,783 sqft |
2018-02-01 | 0 days | 1,874 sqft |
2018-03-01 | 0 days | 1,820 sqft |
2018-04-01 | 0 days | 1,799 sqft |
2018-05-01 | 0 days | 1,716 sqft |
2018-06-01 | 0 days | 1,920 sqft |
2018-07-01 | 0 days | 1,824 sqft |
2018-08-01 | 0 days | 1,826 sqft |
2018-09-01 | 0 days | 1,840 sqft |
2018-10-01 | 0 days | 1,725 sqft |
2018-11-01 | 0 days | 1,669 sqft |
2018-12-01 | 0 days | 1,624 sqft |
2019-01-01 | 0 days | 1,605 sqft |
2019-02-01 | 0 days | 1,621 sqft |
2019-03-01 | 0 days | 1,720 sqft |
2019-04-01 | 0 days | 1,773 sqft |
2019-05-01 | 0 days | 1,593 sqft |
2019-06-01 | 0 days | 1,682 sqft |
2019-07-01 | 0 days | 1,644 sqft |
2019-08-01 | 0 days | 1,698 sqft |
2019-09-01 | 0 days | 1,756 sqft |
2019-10-01 | 0 days | 1,781 sqft |
2019-11-01 | 0 days | 1,706 sqft |
2019-12-01 | 0 days | 1,680 sqft |
2020-01-01 | 0 days | 1,615 sqft |
2020-02-01 | 0 days | 1,620 sqft |
2020-03-01 | 0 days | 1,656 sqft |
2020-04-01 | 0 days | 1,684 sqft |
2020-05-01 | 0 days | 1,760 sqft |
2020-06-01 | 0 days | 2,126 sqft |
2020-07-01 | 0 days | 2,215 sqft |
2020-08-01 | 0 days | 2,189 sqft |
2020-09-01 | 0 days | 1,742 sqft |
2020-10-01 | 0 days | 1,946 sqft |
2020-11-01 | 0 days | 1,817 sqft |
2020-12-01 | 0 days | 1,786 sqft |
2021-01-01 | 0 days | 1,896 sqft |
2021-02-01 | 0 days | 1,794 sqft |
2021-03-01 | 0 days | 1,728 sqft |
2021-04-01 | 0 days | 1,693 sqft |
2021-05-01 | 0 days | 1,671 sqft |
2021-06-01 | 0 days | 1,711 sqft |
2021-07-01 | 0 days | 1,634 sqft |
2021-08-01 | 0 days | 1,696 sqft |
2021-09-01 | 0 days | 1,677 sqft |
2021-10-01 | 0 days | 1,684 sqft |
2021-11-01 | 0 days | 1,645 sqft |
2021-12-01 | 0 days | 1,784 sqft |
2022-01-01 | 0 days | 1,879 sqft |
2022-02-01 | 0 days | 1,837 sqft |
2022-03-01 | 0 days | 1,871 sqft |
2022-04-01 | 0 days | 1,952 sqft |
2022-05-01 | 0 days | 1,896 sqft |
2022-06-01 | 0 days | 1,617 sqft |
2022-07-01 | 0 days | 1,684 sqft |
2022-08-01 | 0 days | 1,689 sqft |
2022-09-01 | 0 days | 1,759 sqft |
2022-10-01 | 0 days | 1,723 sqft |
2022-11-01 | 0 days | 1,686 sqft |
2022-12-01 | 0 days | 1,660 sqft |
2023-01-01 | 0 days | 1,722 sqft |
2023-02-01 | 0 days | 1,658 sqft |
2023-03-01 | 0 days | 1,644 sqft |
2023-04-01 | 0 days | 1,639 sqft |
2023-05-01 | 0 days | 1,641 sqft |
2023-06-01 | 0 days | 1,729 sqft |
2023-07-01 | 0 days | 1,651 sqft |
2023-08-01 | 0 days | 1,859 sqft |
2023-09-01 | 0 days | 1,879 sqft |
2023-10-01 | 0 days | 1,920 sqft |
2023-11-01 | 0 days | 1,891 sqft |
2023-12-01 | 0 days | 1,781 sqft |
2024-01-01 | 0 days | 1,645 sqft |
2024-02-01 | 0 days | 1,591 sqft |
2024-03-01 | 0 days | 1,640 sqft |
2024-04-01 | 0 days | 1,757 sqft |
2024-05-01 | 0 days | 1,786 sqft |
2024-06-01 | 0 days | 1,712 sqft |
2024-07-01 | 0 days | 1,826 sqft |
2024-08-01 | 0 days | 1,661 sqft |
2024-09-01 | 0 days | 1,726 sqft |
2024-10-01 | 0 days | 1,696 sqft |
2024-11-01 | 0 days | 1,689 sqft |
Urbana's median square footage for active listings during the 2024-11-01 period was 1,689 sqft. One year prior, the average listing was 1,891 sqft.