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 7.05% for the week of 2024-06-07, compared to the national average (all USDA variants) of 6.699% for the same period.

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

The average rate for the prior week (2024-05-31) was 6.94% and one month ago for the week of 2024-05-03, the average rate was 7.33%.

The average rate one year ago was 7.03%.

For refis of the same type during the week of 2024-06-07, the average rate was 8.09%.

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
2024-04-01 $362,100 (3.3%) $485,029 (-10.5%) 0.00 147
2024-05-01 $353,800 (-2.3%) $495,025 (-11.3%) 0.00 166
Warsaw's median listing price for 2024-05-01 was $353,800, a difference of $-8,400 (-2.3%) versus the prior year and $-8,300 versus the prior month.

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

Warsaw's average listing price for 2024-05-01 was $495,025, a difference of $-62,799 (-11.3%) versus the prior year and $9,996 versus the prior month.

For the 2024-05-01 period, Warsaw had 166 MLS listings, a difference of 19 listings (13%) versus the prior month and 67 listings (68%) 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
2024-04-01 0 days 1,997 sqft
2024-05-01 0 days 2,002 sqft
Warsaw's median listing age (time on market) for 2024-05-01 was 0 days.

Warsaw's median square footage for active listings during the 2024-05-01 period was 2,002 sqft. One year prior, the average listing was 2,116 sqft.