Urbana USDA Loan Rates, Closing Costs & Stats

Urbana, 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.

    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 7.14% for the week of 2024-04-19, compared to the national average (all USDA variants) of 6.863% for the same period.

    Urbana's average USDA mortgage closing costs are $4,821.

    The average rate for the prior week (2024-04-12) was 6.99% and one month ago for the week of 2024-03-15, the average rate was 6.77%.

    The average rate one year ago was 6.31%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.96%.

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

    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. Louis
    Date 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
    Urbana's median listing price for 2024-03-01 was $204,750, a difference of $-6,225 (-3.0%) versus the prior year and $4,762 versus the prior month.

    Urbana's median listing price comes in at 0% of the national average.

    Urbana's average listing price for 2024-03-01 was $277,544, a difference of $272 (0.1%) versus the prior year and $-188,382 versus the prior month.

    For the 2024-03-01 period, Urbana had 39 MLS listings, a difference of -9 listings (-19%) versus the prior month and 13 listings (50%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Urbana (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date 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 1,575 sqft
    2024-03-01 0 days 1,640 sqft
    Urbana's median listing age (time on market) for 2024-03-01 was 0 days.

    Urbana's median square footage for active listings during the 2024-03-01 period was 1,640 sqft. One year prior, the average listing was 1,644 sqft.