Wilmington USDA Loan Rates, Closing Costs & Stats

Wilmington, OH

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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.

    Wilmington's 22 lenders originated 38 USDA loans during 2023. The total origination value was $6,860,000, with an average USDA loan value of $180,526.

    Wilmington USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Wilmington averaged 6.97% for the week of 2024-04-19, compared to the national average (all USDA variants) of 6.863% for the same period.

    Wilmington's average USDA mortgage closing costs are $4,786.

    The average rate for the prior week (2024-04-12) was 7.02% and one month ago for the week of 2024-03-15, the average rate was 6.9%.

    The average rate one year ago was 6.64%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.86%.

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

    Wilmington 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 Wilmington level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    LOANDEPOT.COM, LLC 10 6.57% $5,881
    RUOFF MORTGAGE COMPANY, INC. 3 6.67% $3,244
    RiverHills Bank 2 6.63% $4,752
    RAPID MORTGAGE COMPANY 2 6.94% $9,387
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 6.44% $6,645
    CROSSCOUNTRY MORTGAGE, LLC 2 7.00% $7,256
    1st National Bank 2 6.63% $3,767
    MID AMERICA MORTGAGE, INC. 1 7.13% $3,797
    MUTUAL OF OMAHA MORTGAGE, INC. 1 6.75% $6,896
    NEWREZ LLC 1 6.99% $7,570
    Northwest Bank 1 5.38% $8,080
    POLARIS HOME FUNDING CORP. 1 7.50% $6,312
    T2 FINANCIAL LLC 1 6.63% $6,686
    THRIVE MORTGAGE, LLC 1 7.63% $5,995
    U.S. Bank 1 6.75% $4,480
    WRIGHT-PATT CREDIT UNION, INC. 1 5.00% $10,515
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 6.63% $5,777
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 5.75% $9,306
    Cincinnati Federal 1 6.00% $4,816
    FIRST COMMUNITY MORTGAGE, INC. 1 6.13% $5,358
    GUILD MORTGAGE COMPANY 1 6.13% $7,725
    Hometown Equity Mortgage, LLC 1 6.13% $10,153

    The top Wilmington USDA lender as defined by loan originations is LOANDEPOT.COM, LLC, with 10 USDA loans originated. Their average total fees are $5,881, which is $2,637 higher than the next largest lender, RUOFF MORTGAGE COMPANY, INC..

    The lowest fee Wilmington USDA lenders (with over 10 loans originated) are LOANDEPOT.COM, LLC ($5,881), .

    The lowest rate Wilmington USDA lenders (with over 10 loans originated) are LOANDEPOT.COM, LLC (6.57%), .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Wilmington (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 $127,050 (10.7%) $172,297 (-10.1%) 0.00 102
    2018-02-01 $129,700 (3.8%) $181,121 (-12.9%) 0.00 99
    2018-03-01 $129,000 (7.5%) $189,042 (-9.8%) 0.00 91
    2018-04-01 $142,200 (9.6%) $197,528 (-5.5%) 0.00 93
    2018-05-01 $132,425 (1.9%) $198,063 (-3.4%) 0.00 89
    2018-06-01 $149,500 (12.5%) $208,000 (2.4%) 0.00 107
    2018-07-01 $130,600 (-0.1%) $196,593 (-1.6%) 0.00 118
    2018-08-01 $129,363 (0.6%) $193,326 (-1.4%) 0.00 123
    2018-09-01 $129,900 (0.4%) $184,578 (-5.4%) 0.00 134
    2018-10-01 $137,000 (9.6%) $192,085 (-1.1%) 0.00 126
    2018-11-01 $139,350 (14.6%) $176,081 (-10.3%) 0.00 121
    2018-12-01 $139,000 (14.9%) $188,616 (-3.7%) 0.00 111
    2019-01-01 $139,200 (9.6%) $198,444 (15.2%) 0.00 91
    2019-02-01 $132,500 (2.2%) $187,784 (3.7%) 0.00 84
    2019-03-01 $126,464 (-2.0%) $195,739 (3.5%) 0.00 78
    2019-04-01 $134,589 (-5.4%) $209,746 (6.2%) 0.00 79
    2019-05-01 $138,700 (4.7%) $207,700 (4.9%) 0.00 86
    2019-06-01 $152,250 (1.8%) $191,607 (-7.9%) 0.00 92
    2019-07-01 $173,675 (33.0%) $203,607 (3.6%) 0.00 92
    2019-08-01 $170,677 (31.9%) $206,112 (6.6%) 0.00 102
    2019-09-01 $159,018 (22.4%) $202,605 (9.8%) 0.00 107
    2019-10-01 $155,645 (13.6%) $201,882 (5.1%) 0.00 110
    2019-11-01 $151,083 (8.4%) $191,509 (8.8%) 0.00 101
    2019-12-01 $139,900 (0.7%) $179,802 (-4.7%) 0.00 93
    2020-01-01 $139,900 (0.5%) $176,214 (-11.2%) 0.00 86
    2020-02-01 $132,450 (0.0%) $169,046 (-10.0%) 0.00 69
    2020-03-01 $139,900 (10.6%) $194,652 (-0.6%) 0.00 67
    2020-04-01 $182,875 (35.9%) $205,561 (-2.0%) 0.00 63
    2020-05-01 $179,900 (29.7%) $208,094 (0.2%) 0.00 50
    2020-06-01 $222,375 (46.1%) $300,435 (56.8%) 0.00 43
    2020-07-01 $250,200 (44.1%) $330,484 (62.3%) 0.00 34
    2020-08-01 $205,000 (20.1%) $288,890 (40.2%) 0.00 41
    2020-09-01 $181,350 (14.0%) $263,680 (30.1%) 0.00 42
    2020-10-01 $175,000 (12.4%) $256,306 (27.0%) 0.00 44
    2020-11-01 $179,500 (18.8%) $273,251 (42.7%) 0.00 38
    2020-12-01 $179,500 (28.3%) $278,542 (54.9%) 0.00 37
    2021-01-01 $193,750 (38.5%) $313,758 (78.1%) 0.00 24
    2021-02-01 $225,000 (69.9%) $367,302 (117.3%) 0.00 22
    2021-03-01 $135,625 (-3.1%) $318,185 (63.5%) 0.00 25
    2021-04-01 $160,925 (-12.0%) $343,929 (67.3%) 0.00 28
    2021-05-01 $174,450 (-3.0%) $247,797 (19.1%) 0.00 31
    2021-06-01 $164,950 (-25.8%) $240,281 (-20.0%) 0.00 26
    2021-07-01 $174,900 (-30.1%) $226,528 (-31.5%) 0.00 42
    2021-08-01 $176,050 (-14.1%) $200,368 (-30.6%) 0.00 49
    2021-09-01 $192,450 (6.1%) $223,318 (-15.3%) 0.00 58
    2021-10-01 $182,450 (4.3%) $213,653 (-16.6%) 0.00 61
    2021-11-01 $188,625 (5.1%) $210,940 (-22.8%) 0.00 51
    2021-12-01 $208,550 (16.2%) $235,052 (-15.6%) 0.00 37
    2022-01-01 $200,000 (3.2%) $232,389 (-25.9%) 0.00 30
    2022-02-01 $209,750 (-6.8%) $263,152 (-28.4%) 0.00 31
    2022-03-01 $185,000 (36.4%) $263,585 (-17.2%) 0.00 37
    2022-04-01 $207,250 (28.8%) $270,236 (-21.4%) 0.00 39
    2022-05-01 $233,425 (33.8%) $311,765 (25.8%) 0.00 43
    2022-06-01 $202,125 (22.5%) $276,826 (15.2%) 0.00 53
    2022-07-01 $215,450 (23.2%) $275,756 (21.7%) 0.00 71
    2022-08-01 $215,675 (22.5%) $267,745 (33.6%) 0.00 68
    2022-09-01 $222,650 (15.7%) $260,471 (16.6%) 0.00 62
    2022-10-01 $249,800 (36.9%) $266,851 (24.9%) 0.00 62
    2022-11-01 $238,625 (26.5%) $256,489 (21.6%) 0.00 65
    2022-12-01 $216,500 (3.8%) $250,082 (6.4%) 0.00 68
    2023-01-01 $236,750 (18.4%) $251,991 (8.4%) 0.00 52
    2023-02-01 $247,450 (18.0%) $262,333 (-0.3%) 0.00 52
    2023-03-01 $263,325 (42.3%) $261,944 (-0.6%) 0.00 43
    2023-04-01 $195,000 (-5.9%) $245,123 (-9.3%) 0.00 48
    2023-05-01 $197,475 (-15.4%) $241,632 (-22.5%) 0.00 38
    2023-06-01 $242,475 (20.0%) $303,019 (9.5%) 0.00 45
    2023-07-01 $264,950 (23.0%) $326,430 (18.4%) 0.00 51
    2023-08-01 $244,000 (13.1%) $284,361 (6.2%) 0.00 55
    2023-09-01 $240,000 (7.8%) $276,872 (6.3%) 0.00 63
    2023-10-01 $240,000 (-3.9%) $289,981 (8.7%) 0.00 71
    2023-11-01 $247,200 (3.6%) $302,093 (17.8%) 0.00 74
    2023-12-01 $239,500 (10.6%) $278,410 (11.3%) 0.00 69
    2024-01-01 $239,750 (1.3%) $288,384 (14.4%) 0.00 58
    2024-02-01 $262,100 (5.9%) $321,486 (22.6%) 0.00 46
    2024-03-01 $242,450 (-7.9%) $354,877 (35.5%) 0.00 43
    Wilmington's median listing price for 2024-03-01 was $242,450, a difference of $-20,875 (-7.9%) versus the prior year and $-19,650 versus the prior month.

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

    Wilmington's average listing price for 2024-03-01 was $354,877, a difference of $92,933 (35.5%) versus the prior year and $33,391 versus the prior month.

    For the 2024-03-01 period, Wilmington had 43 MLS listings, a difference of -3 listings (-7%) versus the prior month and 0 listings (0%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Wilmington (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,725 sqft
    2018-02-01 0 days 1,729 sqft
    2018-03-01 0 days 1,792 sqft
    2018-04-01 0 days 1,845 sqft
    2018-05-01 0 days 1,812 sqft
    2018-06-01 0 days 1,796 sqft
    2018-07-01 0 days 1,714 sqft
    2018-08-01 0 days 1,668 sqft
    2018-09-01 0 days 1,642 sqft
    2018-10-01 0 days 1,658 sqft
    2018-11-01 0 days 1,671 sqft
    2018-12-01 0 days 1,680 sqft
    2019-01-01 0 days 1,708 sqft
    2019-02-01 0 days 1,672 sqft
    2019-03-01 0 days 1,587 sqft
    2019-04-01 0 days 1,560 sqft
    2019-05-01 0 days 1,724 sqft
    2019-06-01 0 days 1,600 sqft
    2019-07-01 0 days 1,794 sqft
    2019-08-01 0 days 1,766 sqft
    2019-09-01 0 days 1,714 sqft
    2019-10-01 0 days 1,674 sqft
    2019-11-01 0 days 1,610 sqft
    2019-12-01 0 days 1,469 sqft
    2020-01-01 0 days 1,483 sqft
    2020-02-01 0 days 1,458 sqft
    2020-03-01 0 days 1,648 sqft
    2020-04-01 0 days 1,686 sqft
    2020-05-01 0 days 1,728 sqft
    2020-06-01 0 days 1,879 sqft
    2020-07-01 0 days 2,143 sqft
    2020-08-01 0 days 1,887 sqft
    2020-09-01 0 days 1,603 sqft
    2020-10-01 0 days 1,461 sqft
    2020-11-01 0 days 1,443 sqft
    2020-12-01 0 days 1,457 sqft
    2021-01-01 0 days 1,460 sqft
    2021-02-01 0 days 1,647 sqft
    2021-03-01 0 days 1,455 sqft
    2021-04-01 0 days 1,442 sqft
    2021-05-01 0 days 1,528 sqft
    2021-06-01 0 days 1,516 sqft
    2021-07-01 0 days 1,660 sqft
    2021-08-01 0 days 1,513 sqft
    2021-09-01 0 days 1,578 sqft
    2021-10-01 0 days 1,629 sqft
    2021-11-01 0 days 1,782 sqft
    2021-12-01 0 days 1,650 sqft
    2022-01-01 0 days 1,608 sqft
    2022-02-01 0 days 1,910 sqft
    2022-03-01 0 days 1,396 sqft
    2022-04-01 0 days 1,568 sqft
    2022-05-01 0 days 1,798 sqft
    2022-06-01 0 days 1,703 sqft
    2022-07-01 0 days 1,630 sqft
    2022-08-01 0 days 1,550 sqft
    2022-09-01 0 days 1,665 sqft
    2022-10-01 0 days 1,722 sqft
    2022-11-01 0 days 1,779 sqft
    2022-12-01 0 days 1,580 sqft
    2023-01-01 0 days 1,660 sqft
    2023-02-01 0 days 1,711 sqft
    2023-03-01 0 days 1,534 sqft
    2023-04-01 0 days 1,512 sqft
    2023-05-01 0 days 1,603 sqft
    2023-06-01 0 days 1,746 sqft
    2023-07-01 0 days 1,729 sqft
    2023-08-01 0 days 1,598 sqft
    2023-09-01 0 days 1,586 sqft
    2023-10-01 0 days 1,681 sqft
    2023-11-01 0 days 1,683 sqft
    2023-12-01 0 days 1,600 sqft
    2024-01-01 0 days 1,533 sqft
    2024-02-01 0 days 1,642 sqft
    2024-03-01 0 days 1,709 sqft
    Wilmington's median listing age (time on market) for 2024-03-01 was 0 days.

    Wilmington's median square footage for active listings during the 2024-03-01 period was 1,709 sqft. One year prior, the average listing was 1,534 sqft.