Warsaw USDA Loan Rates, Closing Costs & Stats

Warsaw, 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.

    Warsaw's 11 lenders originated 30 USDA loans during 2023. The total origination value was $5,640,000, with an average USDA loan value of $188,000.

    Warsaw USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Warsaw averaged 7.32% for the week of 2024-04-19, compared to the national average (all USDA variants) of 6.863% for the same period.

    Warsaw's average USDA mortgage closing costs are $3,538.

    The average rate for the prior week (2024-04-12) was 7.07% and one month ago for the week of 2024-03-15, the average rate was 6.65%.

    The average rate one year ago was 6.39%.

    For refis of the same type during the week of 2024-04-19, the average rate was 8.05%.

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

    Warsaw 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 Warsaw level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 11 6.76% $7,653
    RUOFF MORTGAGE COMPANY, INC. 7 6.52% $3,013
    UNITED WHOLESALE MORTGAGE, LLC 2 6.63% $4,213
    MOVEMENT MORTGAGE, LLC 2 6.75% $7,943
    NEWREZ LLC 2 6.75% $5,446
    THRIVE MORTGAGE, LLC 1 7.13% $6,219
    Bank of England 1 5.75% $5,417
    ON Q FINANCIAL, INC. 1 6.75% $7,682
    GENEVA FINANCIAL, LLC 1 6.50% $4,761
    GVC MORTGAGE, INC. 1 6.88% $7,246
    HALLMARK HOME MORTGAGE, LLC 1 6.25% $7,813

    The top Warsaw USDA lender as defined by loan originations is AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC, with 11 USDA loans originated. Their average total fees are $7,653, which is $4,640 higher than the next largest lender, RUOFF MORTGAGE COMPANY, INC..

    The lowest fee Warsaw USDA lenders (with over 10 loans originated) are AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC ($7,653), .

    The lowest rate Warsaw USDA lenders (with over 10 loans originated) are AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC (6.76%), .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Warsaw (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 $230,925 (17.9%) $357,713 (17.9%) 0.00 298
    2018-02-01 $225,950 (6.8%) $352,718 (4.7%) 0.00 301
    2018-03-01 $249,900 (11.1%) $367,955 (3.9%) 0.00 312
    2018-04-01 $269,375 (11.7%) $386,852 (-0.8%) 0.00 336
    2018-05-01 $258,850 (6.8%) $388,138 (-2.9%) 0.00 382
    2018-06-01 $247,900 (3.3%) $383,682 (0.6%) 0.00 402
    2018-07-01 $244,223 (2.2%) $368,648 (2.8%) 0.00 395
    2018-08-01 $234,900 (4.8%) $354,374 (2.6%) 0.00 389
    2018-09-01 $229,900 (2.2%) $343,820 (0.2%) 0.00 367
    2018-10-01 $219,900 (0.0%) $328,106 (-2.5%) 0.00 342
    2018-11-01 $221,200 (-4.8%) $312,583 (-10.1%) 0.00 280
    2018-12-01 $214,900 (-8.6%) $310,159 (-11.2%) 0.00 247
    2019-01-01 $210,645 (-8.8%) $291,740 (-18.4%) 0.00 241
    2019-02-01 $223,750 (-1.0%) $307,379 (-12.9%) 0.00 239
    2019-03-01 $241,514 (-3.4%) $353,055 (-4.1%) 0.00 232
    2019-04-01 $258,450 (-4.1%) $395,773 (2.3%) 0.00 232
    2019-05-01 $257,425 (-0.6%) $395,800 (2.0%) 0.00 263
    2019-06-01 $277,000 (11.7%) $404,068 (5.3%) 0.00 256
    2019-07-01 $261,625 (7.1%) $407,919 (10.7%) 0.00 262
    2019-08-01 $249,900 (6.4%) $406,581 (14.7%) 0.00 259
    2019-09-01 $249,900 (8.7%) $399,337 (16.2%) 0.00 262
    2019-10-01 $249,900 (13.6%) $394,508 (20.2%) 0.00 263
    2019-11-01 $240,000 (8.5%) $375,726 (20.2%) 0.00 244
    2019-12-01 $240,125 (11.7%) $352,269 (13.6%) 0.00 210
    2020-01-01 $247,475 (17.5%) $377,750 (29.5%) 0.00 185
    2020-02-01 $256,450 (14.6%) $394,689 (28.4%) 0.00 174
    2020-03-01 $284,900 (18.0%) $413,122 (17.0%) 0.00 171
    2020-04-01 $284,450 (10.1%) $395,393 (-0.1%) 0.00 178
    2020-05-01 $279,900 (8.7%) $394,406 (-0.4%) 0.00 173
    2020-06-01 $297,875 (7.5%) $461,366 (14.2%) 0.00 156
    2020-07-01 $270,975 (3.6%) $451,123 (10.6%) 0.00 129
    2020-08-01 $264,900 (6.0%) $418,455 (2.9%) 0.00 107
    2020-09-01 $263,125 (5.3%) $396,411 (-0.7%) 0.00 110
    2020-10-01 $241,950 (-3.2%) $383,223 (-2.9%) 0.00 113
    2020-11-01 $236,625 (-1.4%) $375,226 (-0.1%) 0.00 118
    2020-12-01 $238,000 (-0.9%) $330,231 (-6.3%) 0.00 95
    2021-01-01 $254,900 (3.0%) $396,608 (5.0%) 0.00 77
    2021-02-01 $299,900 (16.9%) $466,499 (18.2%) 0.00 68
    2021-03-01 $304,900 (7.0%) $482,994 (16.9%) 0.00 60
    2021-04-01 $303,900 (6.8%) $527,826 (33.5%) 0.00 63
    2021-05-01 $294,900 (5.4%) $515,156 (30.6%) 0.00 62
    2021-06-01 $311,175 (4.5%) $557,536 (20.8%) 0.00 67
    2021-07-01 $304,900 (12.5%) $471,252 (4.5%) 0.00 97
    2021-08-01 $288,225 (8.8%) $441,460 (5.5%) 0.00 87
    2021-09-01 $279,900 (6.4%) $435,636 (9.9%) 0.00 97
    2021-10-01 $269,250 (11.3%) $428,695 (11.9%) 0.00 95
    2021-11-01 $274,900 (16.2%) $434,692 (15.9%) 0.00 90
    2021-12-01 $283,200 (19.0%) $465,628 (41.0%) 0.00 77
    2022-01-01 $285,900 (12.2%) $499,978 (26.1%) 0.00 66
    2022-02-01 $310,175 (3.4%) $547,481 (17.4%) 0.00 59
    2022-03-01 $312,900 (2.6%) $509,728 (5.5%) 0.00 64
    2022-04-01 $339,900 (11.9%) $571,152 (8.2%) 0.00 64
    2022-05-01 $319,800 (8.4%) $534,163 (3.7%) 0.00 87
    2022-06-01 $338,450 (8.8%) $512,453 (-8.1%) 0.00 95
    2022-07-01 $319,000 (4.6%) $442,508 (-6.1%) 0.00 125
    2022-08-01 $317,475 (10.2%) $429,114 (-2.8%) 0.00 118
    2022-09-01 $349,475 (24.9%) $437,260 (0.4%) 0.00 120
    2022-10-01 $330,000 (22.6%) $428,237 (-0.1%) 0.00 132
    2022-11-01 $325,000 (18.2%) $498,163 (14.6%) 0.00 121
    2022-12-01 $337,000 (19.0%) $497,074 (6.8%) 0.00 90
    2023-01-01 $333,725 (16.7%) $474,438 (-5.1%) 0.00 86
    2023-02-01 $337,250 (8.7%) $482,969 (-11.8%) 0.00 90
    2023-03-01 $351,450 (12.3%) $573,533 (12.5%) 0.00 87
    2023-04-01 $350,400 (3.1%) $542,075 (-5.1%) 0.00 96
    2023-05-01 $362,200 (13.3%) $557,824 (4.4%) 0.00 99
    2023-06-01 $350,650 (3.6%) $531,011 (3.6%) 0.00 109
    2023-07-01 $350,900 (10.0%) $458,783 (3.7%) 0.00 126
    2023-08-01 $335,750 (5.8%) $430,325 (0.3%) 0.00 130
    2023-09-01 $319,900 (-8.5%) $415,551 (-5.0%) 0.00 147
    2023-10-01 $299,900 (-9.1%) $407,161 (-4.9%) 0.00 152
    2023-11-01 $299,700 (-7.8%) $402,060 (-19.3%) 0.00 158
    2023-12-01 $299,950 (-11.0%) $425,786 (-14.3%) 0.00 134
    2024-01-01 $305,022 (-8.6%) $405,223 (-14.6%) 0.00 106
    2024-02-01 $322,850 (-4.3%) $433,498 (-10.2%) 0.00 109
    2024-03-01 $344,950 (-1.9%) $439,747 (-23.3%) 0.00 124
    Warsaw's median listing price for 2024-03-01 was $344,950, a difference of $-6,500 (-1.9%) versus the prior year and $22,100 versus the prior month.

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

    Warsaw's average listing price for 2024-03-01 was $439,747, a difference of $-133,786 (-23.3%) versus the prior year and $6,249 versus the prior month.

    For the 2024-03-01 period, Warsaw had 124 MLS listings, a difference of 15 listings (14%) versus the prior month and 37 listings (43%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Warsaw (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,914 sqft
    2018-02-01 0 days 1,898 sqft
    2018-03-01 0 days 1,891 sqft
    2018-04-01 0 days 1,917 sqft
    2018-05-01 0 days 1,897 sqft
    2018-06-01 0 days 1,891 sqft
    2018-07-01 0 days 1,812 sqft
    2018-08-01 0 days 1,799 sqft
    2018-09-01 0 days 1,834 sqft
    2018-10-01 0 days 1,800 sqft
    2018-11-01 0 days 1,822 sqft
    2018-12-01 0 days 1,809 sqft
    2019-01-01 0 days 1,772 sqft
    2019-02-01 0 days 1,835 sqft
    2019-03-01 0 days 1,889 sqft
    2019-04-01 0 days 1,925 sqft
    2019-05-01 0 days 1,899 sqft
    2019-06-01 0 days 1,863 sqft
    2019-07-01 0 days 1,842 sqft
    2019-08-01 0 days 1,872 sqft
    2019-09-01 0 days 1,907 sqft
    2019-10-01 0 days 1,945 sqft
    2019-11-01 0 days 1,886 sqft
    2019-12-01 0 days 1,897 sqft
    2020-01-01 0 days 1,936 sqft
    2020-02-01 0 days 1,867 sqft
    2020-03-01 0 days 1,898 sqft
    2020-04-01 0 days 1,911 sqft
    2020-05-01 0 days 1,956 sqft
    2020-06-01 0 days 2,100 sqft
    2020-07-01 0 days 1,941 sqft
    2020-08-01 0 days 1,996 sqft
    2020-09-01 0 days 2,010 sqft
    2020-10-01 0 days 1,966 sqft
    2020-11-01 0 days 1,910 sqft
    2020-12-01 0 days 1,883 sqft
    2021-01-01 0 days 1,779 sqft
    2021-02-01 0 days 1,870 sqft
    2021-03-01 0 days 1,885 sqft
    2021-04-01 0 days 1,939 sqft
    2021-05-01 0 days 1,870 sqft
    2021-06-01 0 days 1,906 sqft
    2021-07-01 0 days 1,846 sqft
    2021-08-01 0 days 1,854 sqft
    2021-09-01 0 days 1,767 sqft
    2021-10-01 0 days 1,780 sqft
    2021-11-01 0 days 1,757 sqft
    2021-12-01 0 days 1,760 sqft
    2022-01-01 0 days 1,772 sqft
    2022-02-01 0 days 1,643 sqft
    2022-03-01 0 days 1,659 sqft
    2022-04-01 0 days 1,776 sqft
    2022-05-01 0 days 1,785 sqft
    2022-06-01 0 days 1,851 sqft
    2022-07-01 0 days 1,939 sqft
    2022-08-01 0 days 1,884 sqft
    2022-09-01 0 days 1,866 sqft
    2022-10-01 0 days 1,826 sqft
    2022-11-01 0 days 1,956 sqft
    2022-12-01 0 days 1,950 sqft
    2023-01-01 0 days 1,890 sqft
    2023-02-01 0 days 1,857 sqft
    2023-03-01 0 days 2,060 sqft
    2023-04-01 0 days 2,092 sqft
    2023-05-01 0 days 2,116 sqft
    2023-06-01 0 days 2,048 sqft
    2023-07-01 0 days 2,011 sqft
    2023-08-01 0 days 1,904 sqft
    2023-09-01 0 days 1,914 sqft
    2023-10-01 0 days 1,867 sqft
    2023-11-01 0 days 1,778 sqft
    2023-12-01 0 days 1,760 sqft
    2024-01-01 0 days 1,794 sqft
    2024-02-01 0 days 1,846 sqft
    2024-03-01 0 days 1,932 sqft
    Warsaw's median listing age (time on market) for 2024-03-01 was 0 days.

    Warsaw's median square footage for active listings during the 2024-03-01 period was 1,932 sqft. One year prior, the average listing was 2,060 sqft.