Washington Court House USDA Loan Rates, Closing Costs & Stats
Washington Court House, OH
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.
Washington Court House's 12 lenders originated 19 USDA loans during 2023. The total origination value was $3,165,000, with an average USDA loan value of $166,579.
Washington Court House USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Washington Court House
averaged
6.7%
for the week of 2024-11-08, compared to the national average (all USDA variants) of
6.477% for the same period.
Washington Court House's average USDA mortgage closing costs are $5,017.
The average rate for the prior week (2024-11-01) was
6.88% and
one month ago for the week of 2024-10-04, the
average rate was 6.2%.
The average rate one year ago was 7.74%.
For refis of the same type during the week of 2024-11-08, the average rate
was 6.68%.
Washington Court House 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 Washington Court House level.
| Name | # of Loans | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
|---|---|---|---|
| Paramount Residential Mortgage Group, Inc. | 5 | 6.73% | $6,180 |
| GUILD MORTGAGE COMPANY | 2 | 6.63% | $8,585 |
| UNION HOME MORTGAGE CORP. | 2 | 7.06% | $4,530 |
| GUARANTEED RATE, INC. | 2 | 7.00% | $6,293 |
| Fifth Third Bank | 1 | 6.50% | $4,712 |
| NEWREZ LLC | 1 | 6.75% | $4,542 |
| RUOFF MORTGAGE COMPANY, INC. | 1 | 6.63% | $3,169 |
| 1st National Bank | 1 | 7.13% | $1,917 |
| UNITED WHOLESALE MORTGAGE, LLC | 1 | 7.12% | $9,054 |
| Century Mortgage Company DBA Century Lending Company | 1 | 5.50% | $5,133 |
| CROSSCOUNTRY MORTGAGE, LLC | 1 | 7.75% | $5,746 |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | 1 | 6.63% | $3,991 |
The top Washington Court House USDA lender as defined by loan originations is Paramount Residential Mortgage Group, Inc., with
5 USDA loans originated. Their average total fees are
$6,180, which is $2,406
lower than the next largest lender,
GUILD MORTGAGE COMPANY.
The lowest fee Washington Court House USDA lenders (with over 10 loans originated) are
.
The lowest rate Washington Court House USDA lenders (with over 10 loans originated) are
.