Vincennes USDA Loan Rates, Closing Costs & Stats
Vincennes, IN
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
7.24%
for the week of 2024-04-19, compared to the national average (all USDA variants) of
6.863% for the same period.
Vincennes's average USDA mortgage closing costs are $2,873.
The average rate for the prior week (2024-04-12) was
7.09% and
one month ago for the week of 2024-03-15, the
average rate was 6.58%.
The average rate one year ago was 6.72%.
For refis of the same type during the week of 2024-04-19, the average rate
was 6.76%.
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 |
Vincennes's median listing price comes in at 0% of the national average.
Vincennes's average listing price for 2024-03-01 was $248,845, a difference of $3,783 (1.5%) versus the prior year and $22,458 versus the prior month.
For the 2024-03-01 period, Vincennes had 63 MLS listings, a difference of 6 listings (11%) versus the prior month and 22 listings (54%) 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 |
Vincennes's median square footage for active listings during the 2024-03-01 period was 1,694 sqft. One year prior, the average listing was 1,869 sqft.