Warsaw USDA Loan Rates, Closing Costs & Stats
Warsaw, 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.
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
7.08%
for the week of 2024-07-19, compared to the national average (all USDA variants) of
6.628% for the same period.
Warsaw's average USDA mortgage closing costs are $3,538.
The average rate for the prior week (2024-07-12) was
7.01% and
one month ago for the week of 2024-06-14, the
average rate was 7.14%.
The average rate one year ago was 7.09%.
For refis of the same type during the week of 2024-07-19, the average rate
was 7.92%.
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%), .