Vincennes USDA Loan Rates, Closing Costs & Stats

Vincennes, IN

  • JUMP TO:
  • Trends
  • Rates vs Fees
  • Top Lenders
  • Markets
  • Market Conditions & Pricing
  • Time on Market/Property Size

    • 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.

    Vincennes's 12 lenders originated 28 USDA loans during 2023. The total origination value was $3,590,000, with an average USDA loan value of $128,214.

    Vincennes USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Vincennes averaged 6.66% for the week of 2024-11-08, compared to the national average (all USDA variants) of 6.477% for the same period.

    Vincennes's average USDA mortgage closing costs are $2,873.

    The average rate for the prior week (2024-11-01) was 6.43% and one month ago for the week of 2024-10-04, the average rate was 6.15%.

    The average rate one year ago was 7.39%.

    For refis of the same type during the week of 2024-11-08, the average rate was 6.48%.

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

    Vincennes 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 Vincennes level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    RUOFF MORTGAGE COMPANY, INC. 6 7.08% $1,638
    Regions Bank 5 7.65% $4,680
    Fifth Third Bank 3 6.63% $4,941
    EVANSVILLE TEACHERS 3 6.67% $3,231
    PLAZA HOME MORTGAGE, INC. 3 6.00% $3,988
    MORTGAGE MASTERS OF INDIANA, INC. 2 7.19% $5,000
    GVC MORTGAGE, INC. 1 6.38% $2,052
    Bank of England 1 5.50% $4,700
    CALIBER HOME LOANS, INC. 1 6.75% $2,804
    First Financial Bank 1 7.13% $5,730
    AMERICAN FINANCIAL RESOURCES, INC. 1 7.25% $3,542
    Nations Lending Corporation 1 5.50% $7,471

    The top Vincennes USDA lender as defined by loan originations is RUOFF MORTGAGE COMPANY, INC., with 6 USDA loans originated. Their average total fees are $1,638, which is $3,043 lower than the next largest lender, Regions Bank.

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

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

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Vincennes (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 $69,900 (-12.5%) $119,907 (-2.9%) 0.00 109
    2018-02-01 $74,750 (-6.5%) $121,418 (-1.3%) 0.00 104
    2018-03-01 $70,500 (-11.8%) $117,498 (-5.7%) 0.00 107
    2018-04-01 $72,925 (-8.7%) $120,430 (-3.6%) 0.00 110
    2018-05-01 $88,725 (13.2%) $136,853 (14.7%) 0.00 121
    2018-06-01 $99,000 (23.9%) $152,958 (20.1%) 0.00 115
    2018-07-01 $104,900 (17.0%) $146,574 (5.0%) 0.00 118
    2018-08-01 $104,900 (5.8%) $148,487 (-2.2%) 0.00 112
    2018-09-01 $104,000 (-0.9%) $157,837 (0.5%) 0.00 111
    2018-10-01 $114,950 (18.0%) $167,240 (12.4%) 0.00 102
    2018-11-01 $97,400 (6.1%) $159,010 (13.4%) 0.00 104
    2018-12-01 $89,900 (30.5%) $157,448 (33.3%) 0.00 102
    2019-01-01 $89,900 (28.6%) $154,380 (28.8%) 0.00 107
    2019-02-01 $81,150 (8.6%) $153,537 (26.5%) 0.00 101
    2019-03-01 $82,043 (16.4%) $155,169 (32.1%) 0.00 92
    2019-04-01 $82,043 (12.5%) $157,991 (31.2%) 0.00 88
    2019-05-01 $107,475 (21.1%) $176,147 (28.7%) 0.00 85
    2019-06-01 $135,900 (37.3%) $189,631 (24.0%) 0.00 82
    2019-07-01 $144,975 (38.2%) $187,748 (28.1%) 0.00 99
    2019-08-01 $146,336 (39.5%) $181,446 (22.2%) 0.00 106
    2019-09-01 $148,341 (42.6%) $181,872 (15.2%) 0.00 106
    2019-10-01 $145,327 (26.4%) $179,652 (7.4%) 0.00 106
    2019-11-01 $141,200 (45.0%) $172,565 (8.5%) 0.00 93
    2019-12-01 $124,900 (38.9%) $170,958 (8.6%) 0.00 88
    2020-01-01 $132,500 (47.4%) $172,989 (12.1%) 0.00 80
    2020-02-01 $112,450 (38.6%) $164,046 (6.8%) 0.00 75
    2020-03-01 $96,150 (17.2%) $157,398 (1.4%) 0.00 73
    2020-04-01 $83,250 (1.5%) $146,441 (-7.3%) 0.00 65
    2020-05-01 $79,900 (-25.7%) $144,941 (-17.7%) 0.00 60
    2020-06-01 $74,900 (-44.9%) $152,787 (-19.4%) 0.00 54
    2020-07-01 $102,900 (-29.0%) $165,240 (-12.0%) 0.00 54
    2020-08-01 $98,950 (-32.4%) $152,800 (-15.8%) 0.00 63
    2020-09-01 $97,425 (-34.3%) $156,817 (-13.8%) 0.00 60
    2020-10-01 $126,000 (-13.3%) $158,941 (-11.5%) 0.00 57
    2020-11-01 $122,900 (-13.0%) $163,354 (-5.3%) 0.00 61
    2020-12-01 $97,500 (-21.9%) $148,398 (-13.2%) 0.00 65
    2021-01-01 $96,250 (-27.4%) $144,919 (-16.2%) 0.00 60
    2021-02-01 $106,950 (-4.9%) $164,985 (0.6%) 0.00 54
    2021-03-01 $113,200 (17.7%) $167,433 (6.4%) 0.00 48
    2021-04-01 $93,248 (12.0%) $180,786 (23.5%) 0.00 36
    2021-05-01 $73,500 (-8.0%) $155,801 (7.5%) 0.00 36
    2021-06-01 $96,950 (29.4%) $147,616 (-3.4%) 0.00 34
    2021-07-01 $87,500 (-15.0%) $144,853 (-12.3%) 0.00 37
    2021-08-01 $112,450 (13.6%) $156,181 (2.2%) 0.00 47
    2021-09-01 $127,475 (30.8%) $173,066 (10.4%) 0.00 55
    2021-10-01 $124,950 (-0.8%) $168,145 (5.8%) 0.00 66
    2021-11-01 $120,200 (-2.2%) $169,180 (3.6%) 0.00 59
    2021-12-01 $121,950 (25.1%) $167,711 (13.0%) 0.00 59
    2022-01-01 $104,950 (9.0%) $164,070 (13.2%) 0.00 48
    2022-02-01 $104,850 (-2.0%) $158,086 (-4.2%) 0.00 44
    2022-03-01 $102,300 (-9.6%) $140,822 (-15.9%) 0.00 37
    2022-04-01 $84,900 (-9.0%) $127,094 (-29.7%) 0.00 40
    2022-05-01 $103,125 (40.3%) $148,002 (-5.0%) 0.00 45
    2022-06-01 $124,900 (28.8%) $160,882 (9.0%) 0.00 55
    2022-07-01 $135,000 (54.3%) $162,834 (12.4%) 0.00 59
    2022-08-01 $147,475 (31.2%) $169,203 (8.3%) 0.00 59
    2022-09-01 $166,600 (30.7%) $205,192 (18.6%) 0.00 66
    2022-10-01 $165,500 (32.5%) $215,350 (28.1%) 0.00 68
    2022-11-01 $163,750 (36.2%) $211,550 (25.0%) 0.00 69
    2022-12-01 $150,000 (23.0%) $208,751 (24.5%) 0.00 60
    2023-01-01 $144,950 (38.1%) $204,279 (24.5%) 0.00 49
    2023-02-01 $159,500 (52.1%) $215,921 (36.6%) 0.00 48
    2023-03-01 $179,750 (75.7%) $245,062 (74.0%) 0.00 41
    2023-04-01 $169,900 (100.1%) $244,941 (92.7%) 0.00 39
    2023-05-01 $204,325 (98.1%) $283,170 (91.3%) 0.00 39
    2023-06-01 $198,675 (59.1%) $279,551 (73.8%) 0.00 41
    2023-07-01 $179,900 (33.3%) $256,149 (57.3%) 0.00 53
    2023-08-01 $161,850 (9.8%) $228,215 (34.9%) 0.00 48
    2023-09-01 $151,200 (-9.2%) $186,457 (-9.1%) 0.00 52
    2023-10-01 $149,900 (-9.4%) $205,878 (-4.4%) 0.00 55
    2023-11-01 $161,050 (-1.7%) $207,956 (-1.7%) 0.00 72
    2023-12-01 $169,900 (13.3%) $205,399 (-1.6%) 0.00 72
    2024-01-01 $176,150 (21.5%) $208,822 (2.2%) 0.00 71
    2024-02-01 $194,800 (22.1%) $226,387 (4.9%) 0.00 57
    2024-03-01 $192,000 (6.8%) $248,845 (1.5%) 0.00 63
    2024-04-01 $207,450 (22.1%) $265,449 (8.4%) 0.00 66
    2024-05-01 $199,900 (-2.2%) $257,666 (-9.0%) 0.00 71
    2024-06-01 $197,200 (-0.7%) $237,961 (-14.9%) 0.00 74
    2024-07-01 $185,925 (3.4%) $226,123 (-11.7%) 0.00 72
    2024-08-01 $199,900 (23.5%) $239,909 (5.1%) 0.00 77
    2024-09-01 $165,050 (9.2%) $219,294 (17.6%) 0.00 96
    2024-10-01 $154,625 (3.2%) $212,469 (3.2%) 0.00 95
    Vincennes's median listing price for 2024-10-01 was $154,625, a difference of $4,725 (3.2%) versus the prior year and $-10,425 versus the prior month.

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

    Vincennes's average listing price for 2024-10-01 was $212,469, a difference of $6,591 (3.2%) versus the prior year and $-6,825 versus the prior month.

    For the 2024-10-01 period, Vincennes had 95 MLS listings, a difference of -1 listings (-1%) versus the prior month and 40 listings (73%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Vincennes (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,374 sqft
    2018-02-01 0 days 1,403 sqft
    2018-03-01 0 days 1,409 sqft
    2018-04-01 0 days 1,420 sqft
    2018-05-01 0 days 1,575 sqft
    2018-06-01 0 days 1,628 sqft
    2018-07-01 0 days 1,613 sqft
    2018-08-01 0 days 1,600 sqft
    2018-09-01 0 days 1,628 sqft
    2018-10-01 0 days 1,619 sqft
    2018-11-01 0 days 1,561 sqft
    2018-12-01 0 days 1,571 sqft
    2019-01-01 0 days 1,570 sqft
    2019-02-01 0 days 1,517 sqft
    2019-03-01 0 days 1,504 sqft
    2019-04-01 0 days 1,521 sqft
    2019-05-01 0 days 1,592 sqft
    2019-06-01 0 days 1,623 sqft
    2019-07-01 0 days 1,628 sqft
    2019-08-01 0 days 1,626 sqft
    2019-09-01 0 days 1,624 sqft
    2019-10-01 0 days 1,630 sqft
    2019-11-01 0 days 1,663 sqft
    2019-12-01 0 days 1,675 sqft
    2020-01-01 0 days 1,724 sqft
    2020-02-01 0 days 1,703 sqft
    2020-03-01 0 days 1,630 sqft
    2020-04-01 0 days 1,558 sqft
    2020-05-01 0 days 1,471 sqft
    2020-06-01 0 days 1,430 sqft
    2020-07-01 0 days 1,506 sqft
    2020-08-01 0 days 1,509 sqft
    2020-09-01 0 days 1,549 sqft
    2020-10-01 0 days 1,557 sqft
    2020-11-01 0 days 1,633 sqft
    2020-12-01 0 days 1,570 sqft
    2021-01-01 0 days 1,589 sqft
    2021-02-01 0 days 1,538 sqft
    2021-03-01 0 days 1,473 sqft
    2021-04-01 0 days 1,609 sqft
    2021-05-01 0 days 1,540 sqft
    2021-06-01 0 days 1,438 sqft
    2021-07-01 0 days 1,456 sqft
    2021-08-01 0 days 1,516 sqft
    2021-09-01 0 days 1,518 sqft
    2021-10-01 0 days 1,392 sqft
    2021-11-01 0 days 1,510 sqft
    2021-12-01 0 days 1,550 sqft
    2022-01-01 0 days 1,551 sqft
    2022-02-01 0 days 1,547 sqft
    2022-03-01 0 days 1,448 sqft
    2022-04-01 0 days 1,369 sqft
    2022-05-01 0 days 1,578 sqft
    2022-06-01 0 days 1,671 sqft
    2022-07-01 0 days 1,768 sqft
    2022-08-01 0 days 1,706 sqft
    2022-09-01 0 days 1,768 sqft
    2022-10-01 0 days 1,884 sqft
    2022-11-01 0 days 1,823 sqft
    2022-12-01 0 days 1,774 sqft
    2023-01-01 0 days 1,672 sqft
    2023-02-01 0 days 1,728 sqft
    2023-03-01 0 days 1,869 sqft
    2023-04-01 0 days 1,920 sqft
    2023-05-01 0 days 2,044 sqft
    2023-06-01 0 days 1,969 sqft
    2023-07-01 0 days 1,944 sqft
    2023-08-01 0 days 1,734 sqft
    2023-09-01 0 days 1,698 sqft
    2023-10-01 0 days 1,717 sqft
    2023-11-01 0 days 1,681 sqft
    2023-12-01 0 days 1,632 sqft
    2024-01-01 0 days 1,598 sqft
    2024-02-01 0 days 1,663 sqft
    2024-03-01 0 days 1,694 sqft
    2024-04-01 0 days 1,788 sqft
    2024-05-01 0 days 1,737 sqft
    2024-06-01 0 days 1,702 sqft
    2024-07-01 0 days 1,716 sqft
    2024-08-01 0 days 1,624 sqft
    2024-09-01 0 days 1,511 sqft
    2024-10-01 0 days 1,487 sqft
    Vincennes's median listing age (time on market) for 2024-10-01 was 0 days.

    Vincennes's median square footage for active listings during the 2024-10-01 period was 1,487 sqft. One year prior, the average listing was 1,717 sqft.