Wabash USDA Loan Rates, Closing Costs & Stats

Wabash, IN

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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.

    Wabash's 16 lenders originated 26 USDA loans during 2023. The total origination value was $3,640,000, with an average USDA loan value of $140,000.

    Wabash USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Wabash averaged 7.07% for the week of 2024-05-03, compared to the national average (all USDA variants) of 6.892% for the same period.

    Wabash's average USDA mortgage closing costs are $3,545.

    The average rate for the prior week (2024-04-26) was 7.02% and one month ago for the week of 2024-03-29, the average rate was 6.67%.

    The average rate one year ago was 6.7%.

    For refis of the same type during the week of 2024-05-03, the average rate was 6.99%.

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

    Wabash 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 Wabash level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    RUOFF MORTGAGE COMPANY, INC. 6 6.75% $1,702
    DIAMOND RESIDENTIAL MORTGAGE CORPORATION 2 7.13% $6,203
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 2 6.94% $6,800
    NEWREZ LLC 2 6.94% $4,886
    THRIVE MORTGAGE, LLC 2 6.88% $4,086
    HALLMARK HOME MORTGAGE, LLC 1 6.75% $6,122
    MOVEMENT MORTGAGE, LLC 1 7.25% $4,876
    Nations Lending Corporation 1 7.13% $3,048
    V.I.P. MORTGAGE, INC. 1 6.49% $4,987
    PLAZA HOME MORTGAGE, INC. 1 6.25% $2,863
    PNC Bank 1 7.00% $3,720
    POLARIS HOME FUNDING CORP. 1 6.75% $6,243
    CALIBER HOME LOANS, INC. 1 5.75% $5,528
    STOCKTON MORTGAGE CORPORATION 1 7.63% $4,910
    First Option Mortgage, LLC 1 6.13% $3,930
    FLAT BRANCH MORTGAGE, INC. 1 7.63% $3,371

    The top Wabash USDA lender as defined by loan originations is RUOFF MORTGAGE COMPANY, INC., with 6 USDA loans originated. Their average total fees are $1,702, which is $4,501 lower than the next largest lender, DIAMOND RESIDENTIAL MORTGAGE CORPORATION.

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

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

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Wabash (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 $92,450 (10.6%) $126,013 (10.7%) 0.00 122
    2018-02-01 $89,225 (7.8%) $124,199 (11.0%) 0.00 121
    2018-03-01 $97,500 (14.9%) $129,874 (9.7%) 0.00 126
    2018-04-01 $89,350 (5.1%) $127,462 (6.9%) 0.00 136
    2018-05-01 $100,575 (18.0%) $137,935 (29.5%) 0.00 149
    2018-06-01 $92,250 (5.6%) $131,096 (16.6%) 0.00 157
    2018-07-01 $97,075 (8.8%) $138,514 (10.1%) 0.00 156
    2018-08-01 $92,225 (2.1%) $141,464 (8.7%) 0.00 151
    2018-09-01 $99,700 (5.5%) $148,258 (11.7%) 0.00 133
    2018-10-01 $98,950 (-1.0%) $153,176 (14.9%) 0.00 126
    2018-11-01 $99,225 (-0.2%) $142,894 (6.7%) 0.00 132
    2018-12-01 $99,000 (2.3%) $147,132 (14.5%) 0.00 120
    2019-01-01 $99,900 (8.1%) $152,273 (20.8%) 0.00 110
    2019-02-01 $102,400 (14.8%) $153,763 (23.8%) 0.00 107
    2019-03-01 $97,043 (-0.5%) $143,765 (10.7%) 0.00 106
    2019-04-01 $95,793 (7.2%) $137,067 (7.5%) 0.00 98
    2019-05-01 $99,200 (-1.4%) $145,478 (5.5%) 0.00 94
    2019-06-01 $119,990 (30.1%) $156,100 (19.1%) 0.00 97
    2019-07-01 $127,500 (31.3%) $168,860 (21.9%) 0.00 112
    2019-08-01 $128,270 (39.1%) $169,935 (20.1%) 0.00 126
    2019-09-01 $128,675 (29.1%) $172,652 (16.5%) 0.00 129
    2019-10-01 $128,945 (30.3%) $173,754 (13.4%) 0.00 132
    2019-11-01 $128,990 (30.0%) $167,959 (17.5%) 0.00 119
    2019-12-01 $124,723 (26.0%) $158,405 (7.7%) 0.00 106
    2020-01-01 $119,950 (20.1%) $148,450 (-2.5%) 0.00 90
    2020-02-01 $119,900 (17.1%) $140,643 (-8.5%) 0.00 79
    2020-03-01 $119,000 (22.6%) $141,975 (-1.3%) 0.00 93
    2020-04-01 $122,450 (27.8%) $151,412 (10.5%) 0.00 85
    2020-05-01 $124,200 (25.2%) $138,675 (-4.7%) 0.00 71
    2020-06-01 $138,475 (15.4%) $167,575 (7.4%) 0.00 61
    2020-07-01 $141,550 (11.0%) $168,515 (-0.2%) 0.00 71
    2020-08-01 $139,000 (8.4%) $183,409 (7.9%) 0.00 59
    2020-09-01 $142,400 (10.7%) $185,052 (7.2%) 0.00 63
    2020-10-01 $140,000 (8.6%) $176,978 (1.9%) 0.00 60
    2020-11-01 $128,475 (-0.4%) $182,703 (8.8%) 0.00 59
    2020-12-01 $123,725 (-0.8%) $179,825 (13.5%) 0.00 45
    2021-01-01 $139,875 (16.6%) $184,555 (24.3%) 0.00 39
    2021-02-01 $144,600 (20.6%) $188,056 (33.7%) 0.00 38
    2021-03-01 $162,250 (36.3%) $220,417 (55.3%) 0.00 35
    2021-04-01 $176,844 (44.4%) $224,262 (48.1%) 0.00 37
    2021-05-01 $152,000 (22.4%) $202,811 (46.3%) 0.00 43
    2021-06-01 $134,325 (-3.0%) $199,247 (18.9%) 0.00 36
    2021-07-01 $134,450 (-5.0%) $191,841 (13.8%) 0.00 40
    2021-08-01 $150,175 (8.0%) $199,113 (8.6%) 0.00 47
    2021-09-01 $135,625 (-4.8%) $201,702 (9.0%) 0.00 50
    2021-10-01 $139,900 (-0.1%) $207,175 (17.1%) 0.00 38
    2021-11-01 $142,425 (10.9%) $197,687 (8.2%) 0.00 36
    2021-12-01 $147,425 (19.2%) $204,531 (13.7%) 0.00 33
    2022-01-01 $149,900 (7.2%) $189,753 (2.8%) 0.00 27
    2022-02-01 $144,900 (0.2%) $181,885 (-3.3%) 0.00 24
    2022-03-01 $143,650 (-11.5%) $170,747 (-22.5%) 0.00 21
    2022-04-01 $139,900 (-20.9%) $179,960 (-19.8%) 0.00 21
    2022-05-01 $144,675 (-4.8%) $269,612 (32.9%) 0.00 28
    2022-06-01 $155,950 (16.1%) $243,839 (22.4%) 0.00 38
    2022-07-01 $150,950 (12.3%) $233,750 (21.9%) 0.00 50
    2022-08-01 $147,175 (-2.0%) $188,348 (-5.4%) 0.00 43
    2022-09-01 $140,000 (3.2%) $180,162 (-10.7%) 0.00 46
    2022-10-01 $149,900 (7.2%) $184,048 (-11.2%) 0.00 55
    2022-11-01 $139,900 (-1.8%) $176,022 (-11.0%) 0.00 56
    2022-12-01 $174,900 (18.6%) $211,338 (3.3%) 0.00 52
    2023-01-01 $179,150 (19.5%) $218,737 (15.3%) 0.00 49
    2023-02-01 $181,150 (25.0%) $227,198 (24.9%) 0.00 39
    2023-03-01 $208,999 (45.5%) $284,336 (66.5%) 0.00 29
    2023-04-01 $227,449 (62.6%) $262,681 (46.0%) 0.00 29
    2023-05-01 $212,950 (47.2%) $272,473 (1.1%) 0.00 33
    2023-06-01 $209,925 (34.6%) $291,858 (19.7%) 0.00 29
    2023-07-01 $189,900 (25.8%) $259,966 (11.2%) 0.00 34
    2023-08-01 $180,475 (22.6%) $236,693 (25.7%) 0.00 43
    2023-09-01 $179,900 (28.5%) $238,976 (32.6%) 0.00 55
    2023-10-01 $165,950 (10.7%) $213,199 (15.8%) 0.00 59
    2023-11-01 $173,450 (24.0%) $217,472 (23.6%) 0.00 56
    2023-12-01 $183,000 (4.6%) $207,339 (-1.9%) 0.00 44
    2024-01-01 $180,200 (0.6%) $190,087 (-13.1%) 0.00 37
    2024-02-01 $183,500 (1.3%) $192,171 (-15.4%) 0.00 41
    2024-03-01 $189,000 (-9.6%) $187,545 (-34.0%) 0.00 34
    2024-04-01 $199,675 (-12.2%) $201,056 (-23.5%) 0.00 39
    Wabash's median listing price for 2024-04-01 was $199,675, a difference of $-27,774 (-12.2%) versus the prior year and $10,675 versus the prior month.

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

    Wabash's average listing price for 2024-04-01 was $201,056, a difference of $-61,625 (-23.5%) versus the prior year and $13,511 versus the prior month.

    For the 2024-04-01 period, Wabash had 39 MLS listings, a difference of 5 listings (15%) versus the prior month and 10 listings (34%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Wabash (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,616 sqft
    2018-02-01 0 days 1,620 sqft
    2018-03-01 0 days 1,664 sqft
    2018-04-01 0 days 1,646 sqft
    2018-05-01 0 days 1,670 sqft
    2018-06-01 0 days 1,643 sqft
    2018-07-01 0 days 1,620 sqft
    2018-08-01 0 days 1,521 sqft
    2018-09-01 0 days 1,624 sqft
    2018-10-01 0 days 1,678 sqft
    2018-11-01 0 days 1,678 sqft
    2018-12-01 0 days 1,683 sqft
    2019-01-01 0 days 1,672 sqft
    2019-02-01 0 days 1,759 sqft
    2019-03-01 0 days 1,706 sqft
    2019-04-01 0 days 1,636 sqft
    2019-05-01 0 days 1,673 sqft
    2019-06-01 0 days 1,638 sqft
    2019-07-01 0 days 1,657 sqft
    2019-08-01 0 days 1,665 sqft
    2019-09-01 0 days 1,715 sqft
    2019-10-01 0 days 1,754 sqft
    2019-11-01 0 days 1,759 sqft
    2019-12-01 0 days 1,806 sqft
    2020-01-01 0 days 1,806 sqft
    2020-02-01 0 days 1,759 sqft
    2020-03-01 0 days 1,654 sqft
    2020-04-01 0 days 1,724 sqft
    2020-05-01 0 days 1,700 sqft
    2020-06-01 0 days 1,792 sqft
    2020-07-01 0 days 1,839 sqft
    2020-08-01 0 days 1,630 sqft
    2020-09-01 0 days 1,655 sqft
    2020-10-01 0 days 1,872 sqft
    2020-11-01 0 days 1,844 sqft
    2020-12-01 0 days 1,702 sqft
    2021-01-01 0 days 1,606 sqft
    2021-02-01 0 days 1,646 sqft
    2021-03-01 0 days 1,814 sqft
    2021-04-01 0 days 1,778 sqft
    2021-05-01 0 days 1,768 sqft
    2021-06-01 0 days 1,650 sqft
    2021-07-01 0 days 1,745 sqft
    2021-08-01 0 days 1,829 sqft
    2021-09-01 0 days 1,890 sqft
    2021-10-01 0 days 1,904 sqft
    2021-11-01 0 days 1,912 sqft
    2021-12-01 0 days 1,721 sqft
    2022-01-01 0 days 1,591 sqft
    2022-02-01 0 days 1,541 sqft
    2022-03-01 0 days 1,534 sqft
    2022-04-01 0 days 1,512 sqft
    2022-05-01 0 days 1,702 sqft
    2022-06-01 0 days 1,718 sqft
    2022-07-01 0 days 1,689 sqft
    2022-08-01 0 days 1,669 sqft
    2022-09-01 0 days 1,636 sqft
    2022-10-01 0 days 1,632 sqft
    2022-11-01 0 days 1,541 sqft
    2022-12-01 0 days 1,678 sqft
    2023-01-01 0 days 1,678 sqft
    2023-02-01 0 days 1,672 sqft
    2023-03-01 0 days 1,790 sqft
    2023-04-01 0 days 1,812 sqft
    2023-05-01 0 days 1,685 sqft
    2023-06-01 0 days 1,640 sqft
    2023-07-01 0 days 1,718 sqft
    2023-08-01 0 days 1,840 sqft
    2023-09-01 0 days 1,840 sqft
    2023-10-01 0 days 1,759 sqft
    2023-11-01 0 days 1,748 sqft
    2023-12-01 0 days 1,830 sqft
    2024-01-01 0 days 1,669 sqft
    2024-02-01 0 days 1,609 sqft
    2024-03-01 0 days 1,703 sqft
    2024-04-01 0 days 1,816 sqft
    Wabash's median listing age (time on market) for 2024-04-01 was 0 days.

    Wabash's median square footage for active listings during the 2024-04-01 period was 1,816 sqft. One year prior, the average listing was 1,812 sqft.