Van Wert USDA Loan Rates, Closing Costs & Stats

Van Wert, 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.

    Van Wert's 6 lenders originated 7 USDA loans during 2023. The total origination value was $715,000, with an average USDA loan value of $102,143.

    Van Wert USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Van Wert averaged 7.11% for the week of 2024-04-19, compared to the national average (all USDA variants) of 6.863% for the same period.

    Van Wert's average USDA mortgage closing costs are $3,959.

    The average rate for the prior week (2024-04-12) was 6.77% and one month ago for the week of 2024-03-15, the average rate was 6.55%.

    The average rate one year ago was 6.49%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.76%.

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

    Van Wert 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 Van Wert level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    NEWREZ LLC 2 6.25% $3,782
    BROKER SOLUTIONS, INC. 1 6.75% $5,231
    MID AMERICA MORTGAGE, INC. 1 7.13% $6,099
    Superior Credit Union, Inc. 1 6.38% $2,798
    U.S. Bank 1 7.25% $5,894
    Western Ohio Mortgage Corporation 1 7.25% $6,382

    The top Van Wert USDA lender as defined by loan originations is NEWREZ LLC, with 2 USDA loans originated. Their average total fees are $3,782, which is $1,448 lower than the next largest lender, BROKER SOLUTIONS, INC..

    The lowest fee Van Wert USDA lenders (with over 10 loans originated) are .

    The lowest rate Van Wert USDA lenders (with over 10 loans originated) are .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Van Wert (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 $91,750 (33.1%) $107,974 (17.9%) 0.00 86
    2018-02-01 $82,800 (18.0%) $101,644 (7.0%) 0.00 80
    2018-03-01 $82,200 (14.1%) $102,676 (5.6%) 0.00 82
    2018-04-01 $86,950 (18.5%) $104,969 (15.1%) 0.00 81
    2018-05-01 $89,550 (9.5%) $110,778 (10.8%) 0.00 77
    2018-06-01 $91,400 (9.4%) $115,498 (4.3%) 0.00 89
    2018-07-01 $89,900 (4.1%) $113,121 (0.5%) 0.00 100
    2018-08-01 $92,800 (13.4%) $114,226 (2.0%) 0.00 97
    2018-09-01 $94,400 (12.4%) $111,774 (-1.5%) 0.00 101
    2018-10-01 $89,900 (-0.9%) $107,971 (-7.1%) 0.00 87
    2018-11-01 $103,675 (16.5%) $113,114 (6.9%) 0.00 86
    2018-12-01 $95,900 (8.7%) $111,203 (2.0%) 0.00 77
    2019-01-01 $89,900 (-2.0%) $109,209 (1.1%) 0.00 73
    2019-02-01 $94,150 (13.7%) $112,329 (10.5%) 0.00 71
    2019-03-01 $94,943 (15.5%) $112,319 (9.4%) 0.00 60
    2019-04-01 $94,993 (9.3%) $112,466 (7.1%) 0.00 54
    2019-05-01 $95,875 (7.1%) $115,211 (4.0%) 0.00 57
    2019-06-01 $109,900 (20.2%) $127,573 (10.5%) 0.00 65
    2019-07-01 $125,975 (40.1%) $139,698 (23.5%) 0.00 79
    2019-08-01 $126,136 (35.9%) $142,370 (24.6%) 0.00 81
    2019-09-01 $121,841 (29.1%) $140,287 (25.5%) 0.00 85
    2019-10-01 $119,452 (32.9%) $138,466 (28.2%) 0.00 87
    2019-11-01 $108,950 (5.1%) $135,562 (19.9%) 0.00 86
    2019-12-01 $105,000 (9.5%) $135,581 (21.9%) 0.00 43
    2020-01-01 $105,000 (16.8%) $143,784 (31.7%) 0.00 43
    2020-02-01 $112,000 (19.0%) $145,882 (29.9%) 0.00 63
    2020-03-01 $114,500 (20.6%) $149,753 (33.3%) 0.00 70
    2020-04-01 $117,875 (24.1%) $165,975 (47.6%) 0.00 59
    2020-05-01 $110,000 (14.7%) $169,177 (46.8%) 0.00 45
    2020-06-01 $115,950 (5.5%) $176,341 (38.2%) 0.00 43
    2020-07-01 $129,000 (2.4%) $170,116 (21.8%) 0.00 47
    2020-08-01 $127,400 (1.0%) $172,595 (21.2%) 0.00 49
    2020-09-01 $134,800 (10.6%) $177,309 (26.4%) 0.00 46
    2020-10-01 $139,900 (17.1%) $172,489 (24.6%) 0.00 48
    2020-11-01 $133,050 (22.1%) $168,511 (24.3%) 0.00 54
    2020-12-01 $126,175 (20.2%) $170,390 (25.7%) 0.00 46
    2021-01-01 $92,500 (-11.9%) $166,589 (15.9%) 0.00 36
    2021-02-01 $139,975 (25.0%) $209,970 (43.9%) 0.00 23
    2021-03-01 $141,375 (23.5%) $220,258 (47.1%) 0.00 20
    2021-04-01 $137,000 (16.2%) $211,455 (27.4%) 0.00 22
    2021-05-01 $125,500 (14.1%) $216,614 (28.0%) 0.00 24
    2021-06-01 $163,445 (41.0%) $253,327 (43.7%) 0.00 23
    2021-07-01 $150,000 (16.3%) $216,190 (27.1%) 0.00 25
    2021-08-01 $140,450 (10.2%) $193,104 (11.9%) 0.00 29
    2021-09-01 $144,625 (7.3%) $222,062 (25.2%) 0.00 26
    2021-10-01 $154,950 (10.8%) $236,469 (37.1%) 0.00 29
    2021-11-01 $140,950 (5.9%) $207,209 (23.0%) 0.00 33
    2021-12-01 $131,950 (4.6%) $203,186 (19.3%) 0.00 22
    2022-01-01 $132,000 (42.7%) $204,419 (22.7%) 0.00 22
    2022-02-01 $138,450 (-1.1%) $237,212 (13.0%) 0.00 16
    2022-03-01 $146,200 (3.4%) $242,302 (10.0%) 0.00 18
    2022-04-01 $139,900 (2.1%) $214,100 (1.3%) 0.00 20
    2022-05-01 $137,750 (9.8%) $187,852 (-13.3%) 0.00 30
    2022-06-01 $146,675 (-10.3%) $197,031 (-22.2%) 0.00 30
    2022-07-01 $159,950 (6.6%) $199,154 (-7.9%) 0.00 39
    2022-08-01 $149,900 (6.7%) $185,934 (-3.7%) 0.00 50
    2022-09-01 $158,900 (9.9%) $193,772 (-12.7%) 0.00 53
    2022-10-01 $155,950 (0.7%) $201,505 (-14.8%) 0.00 45
    2022-11-01 $148,450 (5.3%) $197,935 (-4.5%) 0.00 39
    2022-12-01 $141,750 (7.4%) $216,845 (6.7%) 0.00 38
    2023-01-01 $127,200 (-3.6%) $213,724 (4.6%) 0.00 33
    2023-02-01 $191,975 (38.7%) $245,338 (3.4%) 0.00 26
    2023-03-01 $259,725 (77.7%) $295,103 (21.8%) 0.00 25
    2023-04-01 $314,900 (125.1%) $312,147 (45.8%) 0.00 21
    2023-05-01 $306,175 (122.3%) $319,455 (70.1%) 0.00 20
    2023-06-01 $292,400 (99.4%) $313,726 (59.2%) 0.00 23
    2023-07-01 $292,400 (82.8%) $302,973 (52.1%) 0.00 23
    2023-08-01 $302,400 (101.7%) $316,462 (70.2%) 0.00 21
    2023-09-01 $279,900 (76.2%) $285,652 (47.4%) 0.00 23
    2023-10-01 $256,200 (64.3%) $262,130 (30.1%) 0.00 31
    2023-11-01 $240,950 (62.3%) $238,957 (20.7%) 0.00 37
    2023-12-01 $239,000 (68.6%) $240,749 (11.0%) 0.00 42
    2024-01-01 $236,750 (86.1%) $236,822 (10.8%) 0.00 46
    2024-02-01 $245,750 (28.0%) $239,127 (-2.5%) 0.00 39
    2024-03-01 $269,950 (3.9%) $255,618 (-13.4%) 0.00 32
    Van Wert's median listing price for 2024-03-01 was $269,950, a difference of $10,225 (3.9%) versus the prior year and $24,200 versus the prior month.

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

    Van Wert's average listing price for 2024-03-01 was $255,618, a difference of $-39,485 (-13.4%) versus the prior year and $16,491 versus the prior month.

    For the 2024-03-01 period, Van Wert had 32 MLS listings, a difference of -7 listings (-18%) versus the prior month and 7 listings (28%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Van Wert (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,603 sqft
    2018-02-01 0 days 1,554 sqft
    2018-03-01 0 days 1,541 sqft
    2018-04-01 0 days 1,590 sqft
    2018-05-01 0 days 1,600 sqft
    2018-06-01 0 days 1,610 sqft
    2018-07-01 0 days 1,572 sqft
    2018-08-01 0 days 1,623 sqft
    2018-09-01 0 days 1,652 sqft
    2018-10-01 0 days 1,624 sqft
    2018-11-01 0 days 1,645 sqft
    2018-12-01 0 days 1,624 sqft
    2019-01-01 0 days 1,606 sqft
    2019-02-01 0 days 1,617 sqft
    2019-03-01 0 days 1,601 sqft
    2019-04-01 0 days 1,608 sqft
    2019-05-01 0 days 1,638 sqft
    2019-06-01 0 days 1,799 sqft
    2019-07-01 0 days 1,802 sqft
    2019-08-01 0 days 1,787 sqft
    2019-09-01 0 days 1,719 sqft
    2019-10-01 0 days 1,681 sqft
    2019-11-01 0 days 1,673 sqft
    2019-12-01 0 days 1,712 sqft
    2020-01-01 0 days 1,827 sqft
    2020-02-01 0 days 1,666 sqft
    2020-03-01 0 days 1,651 sqft
    2020-04-01 0 days 1,681 sqft
    2020-05-01 0 days 1,724 sqft
    2020-06-01 0 days 1,784 sqft
    2020-07-01 0 days 1,830 sqft
    2020-08-01 0 days 1,885 sqft
    2020-09-01 0 days 1,868 sqft
    2020-10-01 0 days 1,660 sqft
    2020-11-01 0 days 1,616 sqft
    2020-12-01 0 days 1,585 sqft
    2021-01-01 0 days 1,632 sqft
    2021-02-01 0 days 1,773 sqft
    2021-03-01 0 days 1,819 sqft
    2021-04-01 0 days 1,614 sqft
    2021-05-01 0 days 1,580 sqft
    2021-06-01 0 days 1,744 sqft
    2021-07-01 0 days 1,680 sqft
    2021-08-01 0 days 1,646 sqft
    2021-09-01 0 days 1,821 sqft
    2021-10-01 0 days 1,831 sqft
    2021-11-01 0 days 1,706 sqft
    2021-12-01 0 days 1,885 sqft
    2022-01-01 0 days 1,768 sqft
    2022-02-01 0 days 1,846 sqft
    2022-03-01 0 days 1,797 sqft
    2022-04-01 0 days 1,743 sqft
    2022-05-01 0 days 1,554 sqft
    2022-06-01 0 days 1,582 sqft
    2022-07-01 0 days 1,680 sqft
    2022-08-01 0 days 1,690 sqft
    2022-09-01 0 days 1,714 sqft
    2022-10-01 0 days 1,720 sqft
    2022-11-01 0 days 1,686 sqft
    2022-12-01 0 days 1,664 sqft
    2023-01-01 0 days 1,661 sqft
    2023-02-01 0 days 1,667 sqft
    2023-03-01 0 days 1,739 sqft
    2023-04-01 0 days 1,753 sqft
    2023-05-01 0 days 1,800 sqft
    2023-06-01 0 days 1,771 sqft
    2023-07-01 0 days 1,706 sqft
    2023-08-01 0 days 1,730 sqft
    2023-09-01 0 days 1,753 sqft
    2023-10-01 0 days 1,761 sqft
    2023-11-01 0 days 1,681 sqft
    2023-12-01 0 days 1,703 sqft
    2024-01-01 0 days 1,683 sqft
    2024-02-01 0 days 1,720 sqft
    2024-03-01 0 days 1,776 sqft
    Van Wert's median listing age (time on market) for 2024-03-01 was 0 days.

    Van Wert's median square footage for active listings during the 2024-03-01 period was 1,776 sqft. One year prior, the average listing was 1,739 sqft.