Wooster USDA Loan Rates, Closing Costs & Stats

Wooster, 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.

Wooster's 10 lenders originated 22 USDA loans during 2023. The total origination value was $3,610,000, with an average USDA loan value of $164,091.

Wooster USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Wooster averaged 7.06% for the week of 2024-05-17, compared to the national average (all USDA variants) of 6.75% for the same period.

Wooster's average USDA mortgage closing costs are $5,012.

The average rate for the prior week (2024-05-10) was 7% and one month ago for the week of 2024-04-12, the average rate was 6.82%.

The average rate one year ago was 6.71%.

For refis of the same type during the week of 2024-05-17, the average rate was 7.4%.

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

Wooster 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 Wooster level.

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
CROSSCOUNTRY MORTGAGE, LLC 6 6.42% $8,662
UNION HOME MORTGAGE CORP. 4 7.03% $7,822
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 3 6.50% $3,134
PLAZA HOME MORTGAGE, INC. 1 5.75% $10,500
POLARIS HOME FUNDING CORP. 1 6.63% $8,619
The Huntington National Bank 1 7.25% $4,388
TOP FLITE FINANCIAL, INC. 1 7.25% $7,336
U.S. Bank 1 6.75% $4,467
First Federal Savings and Loan Association of Lakewood 1 6.63% $6,780
NFM, INC. 1 7.38% $7,414

The top Wooster USDA lender as defined by loan originations is CROSSCOUNTRY MORTGAGE, LLC, with 6 USDA loans originated. Their average total fees are $8,662, which is $840 higher than the next largest lender, UNION HOME MORTGAGE CORP..

The lowest fee Wooster USDA lenders (with over 10 loans originated) are .

The lowest rate Wooster USDA lenders (with over 10 loans originated) are .


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Wooster (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 $162,814 (25.8%) $203,638 (18.3%) 0.00 158
2018-02-01 $162,225 (20.2%) $210,323 (14.9%) 0.00 151
2018-03-01 $159,950 (16.3%) $220,631 (17.0%) 0.00 157
2018-04-01 $163,200 (16.6%) $214,410 (14.9%) 0.00 155
2018-05-01 $159,900 (13.8%) $212,455 (15.6%) 0.00 171
2018-06-01 $166,250 (16.3%) $221,145 (19.5%) 0.00 185
2018-07-01 $164,950 (17.9%) $225,297 (23.6%) 0.00 187
2018-08-01 $167,625 (11.8%) $216,148 (13.2%) 0.00 224
2018-09-01 $165,000 (10.8%) $213,982 (10.7%) 0.00 215
2018-10-01 $168,548 (12.9%) $214,069 (10.2%) 0.00 218
2018-11-01 $173,425 (10.2%) $214,443 (9.1%) 0.00 209
2018-12-01 $179,900 (14.1%) $223,546 (15.2%) 0.00 191
2019-01-01 $179,900 (10.5%) $226,544 (11.3%) 0.00 171
2019-02-01 $179,900 (10.9%) $230,964 (9.8%) 0.00 149
2019-03-01 $195,400 (22.2%) $237,663 (7.7%) 0.00 145
2019-04-01 $213,484 (30.8%) $241,968 (12.9%) 0.00 142
2019-05-01 $175,000 (9.4%) $219,350 (3.3%) 0.00 152
2019-06-01 $184,950 (11.3%) $234,367 (6.0%) 0.00 157
2019-07-01 $180,250 (9.3%) $231,681 (2.8%) 0.00 173
2019-08-01 $185,318 (10.6%) $228,965 (5.9%) 0.00 177
2019-09-01 $179,795 (9.0%) $221,190 (3.4%) 0.00 175
2019-10-01 $176,114 (4.5%) $214,846 (0.4%) 0.00 174
2019-11-01 $175,500 (1.2%) $213,839 (-0.3%) 0.00 160
2019-12-01 $171,175 (-4.9%) $207,622 (-7.1%) 0.00 155
2020-01-01 $172,550 (-4.1%) $211,060 (-6.8%) 0.00 140
2020-02-01 $165,000 (-8.3%) $208,272 (-9.8%) 0.00 128
2020-03-01 $161,450 (-17.4%) $206,598 (-13.1%) 0.00 126
2020-04-01 $167,400 (-21.6%) $207,756 (-14.1%) 0.00 110
2020-05-01 $162,900 (-6.9%) $208,617 (-4.9%) 0.00 95
2020-06-01 $186,225 (0.7%) $231,493 (-1.2%) 0.00 98
2020-07-01 $202,150 (12.2%) $234,486 (1.2%) 0.00 97
2020-08-01 $205,000 (10.6%) $227,265 (-0.7%) 0.00 100
2020-09-01 $208,350 (15.9%) $244,402 (10.5%) 0.00 116
2020-10-01 $189,950 (7.9%) $233,895 (8.9%) 0.00 108
2020-11-01 $183,650 (4.6%) $228,706 (7.0%) 0.00 96
2020-12-01 $178,450 (4.3%) $224,607 (8.2%) 0.00 94
2021-01-01 $166,950 (-3.3%) $228,294 (8.2%) 0.00 82
2021-02-01 $194,700 (18.0%) $253,736 (21.8%) 0.00 63
2021-03-01 $182,000 (12.7%) $244,353 (18.3%) 0.00 49
2021-04-01 $199,950 (19.4%) $253,647 (22.1%) 0.00 51
2021-05-01 $200,000 (22.8%) $246,102 (18.0%) 0.00 59
2021-06-01 $199,975 (7.4%) $233,334 (0.8%) 0.00 66
2021-07-01 $215,000 (6.4%) $277,038 (18.2%) 0.00 82
2021-08-01 $197,225 (-3.8%) $266,286 (17.2%) 0.00 82
2021-09-01 $193,450 (-7.2%) $277,942 (13.7%) 0.00 73
2021-10-01 $199,900 (5.2%) $270,703 (15.7%) 0.00 80
2021-11-01 $199,000 (8.4%) $277,944 (21.5%) 0.00 75
2021-12-01 $199,925 (12.0%) $279,629 (24.5%) 0.00 59
2022-01-01 $229,000 (37.2%) $235,116 (3.0%) 0.00 72
2022-02-01 $224,000 (15.1%) $264,947 (4.4%) 0.00 52
2022-03-01 $221,465 (21.7%) $290,512 (18.9%) 0.00 47
2022-04-01 $210,000 (5.0%) $269,803 (6.4%) 0.00 54
2022-05-01 $223,575 (11.8%) $271,330 (10.3%) 0.00 62
2022-06-01 $260,000 (30.0%) $277,387 (18.9%) 0.00 73
2022-07-01 $255,900 (19.0%) $285,521 (3.1%) 0.00 83
2022-08-01 $253,925 (28.8%) $285,278 (7.1%) 0.00 92
2022-09-01 $229,500 (18.6%) $270,011 (-2.9%) 0.00 87
2022-10-01 $223,700 (11.9%) $261,140 (-3.5%) 0.00 95
2022-11-01 $235,000 (18.1%) $272,186 (-2.1%) 0.00 89
2022-12-01 $225,000 (12.5%) $258,585 (-7.5%) 0.00 83
2023-01-01 $229,600 (0.3%) $265,189 (12.8%) 0.00 71
2023-02-01 $244,950 (9.4%) $267,582 (1.0%) 0.00 73
2023-03-01 $256,225 (15.7%) $273,908 (-5.7%) 0.00 76
2023-04-01 $239,450 (14.0%) $253,114 (-6.2%) 0.00 71
2023-05-01 $251,700 (12.6%) $267,750 (-1.3%) 0.00 70
2023-06-01 $267,950 (3.1%) $280,878 (1.3%) 0.00 80
2023-07-01 $280,000 (9.4%) $306,102 (7.2%) 0.00 87
2023-08-01 $287,500 (13.2%) $304,869 (6.9%) 0.00 99
2023-09-01 $275,000 (19.8%) $292,560 (8.4%) 0.00 107
2023-10-01 $267,450 (19.6%) $294,824 (12.9%) 0.00 124
2023-11-01 $279,950 (19.1%) $322,426 (18.5%) 0.00 122
2023-12-01 $277,450 (23.3%) $334,022 (29.2%) 0.00 109
2024-01-01 $285,000 (24.1%) $343,089 (29.4%) 0.00 81
2024-02-01 $299,000 (22.1%) $366,167 (36.8%) 0.00 64
2024-03-01 $282,500 (10.3%) $367,231 (34.1%) 0.00 57
2024-04-01 $286,225 (19.5%) $361,022 (42.6%) 0.00 63
Wooster's median listing price for 2024-04-01 was $286,225, a difference of $46,775 (19.5%) versus the prior year and $3,725 versus the prior month.

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

Wooster's average listing price for 2024-04-01 was $361,022, a difference of $107,908 (42.6%) versus the prior year and $-6,209 versus the prior month.

For the 2024-04-01 period, Wooster had 63 MLS listings, a difference of 6 listings (11%) versus the prior month and -8 listings (-11%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Wooster (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,464 sqft
2018-02-01 0 days 1,460 sqft
2018-03-01 0 days 1,456 sqft
2018-04-01 0 days 1,488 sqft
2018-05-01 0 days 1,500 sqft
2018-06-01 0 days 1,528 sqft
2018-07-01 0 days 1,783 sqft
2018-08-01 0 days 1,773 sqft
2018-09-01 0 days 1,822 sqft
2018-10-01 0 days 1,822 sqft
2018-11-01 0 days 1,802 sqft
2018-12-01 0 days 1,864 sqft
2019-01-01 0 days 1,778 sqft
2019-02-01 0 days 1,688 sqft
2019-03-01 0 days 1,697 sqft
2019-04-01 0 days 1,732 sqft
2019-05-01 0 days 1,577 sqft
2019-06-01 0 days 1,670 sqft
2019-07-01 0 days 1,617 sqft
2019-08-01 0 days 1,645 sqft
2019-09-01 0 days 1,685 sqft
2019-10-01 0 days 1,712 sqft
2019-11-01 0 days 1,676 sqft
2019-12-01 0 days 1,672 sqft
2020-01-01 0 days 1,639 sqft
2020-02-01 0 days 1,617 sqft
2020-03-01 0 days 1,626 sqft
2020-04-01 0 days 1,612 sqft
2020-05-01 0 days 1,698 sqft
2020-06-01 0 days 1,695 sqft
2020-07-01 0 days 1,719 sqft
2020-08-01 0 days 1,724 sqft
2020-09-01 0 days 1,750 sqft
2020-10-01 0 days 1,746 sqft
2020-11-01 0 days 1,700 sqft
2020-12-01 0 days 1,712 sqft
2021-01-01 0 days 1,665 sqft
2021-02-01 0 days 1,628 sqft
2021-03-01 0 days 1,615 sqft
2021-04-01 0 days 1,626 sqft
2021-05-01 0 days 1,580 sqft
2021-06-01 0 days 1,592 sqft
2021-07-01 0 days 1,718 sqft
2021-08-01 0 days 1,645 sqft
2021-09-01 0 days 1,718 sqft
2021-10-01 0 days 1,731 sqft
2021-11-01 0 days 1,739 sqft
2021-12-01 0 days 1,675 sqft
2022-01-01 0 days 1,620 sqft
2022-02-01 0 days 1,620 sqft
2022-03-01 0 days 1,713 sqft
2022-04-01 0 days 1,743 sqft
2022-05-01 0 days 1,747 sqft
2022-06-01 0 days 1,867 sqft
2022-07-01 0 days 1,966 sqft
2022-08-01 0 days 2,005 sqft
2022-09-01 0 days 1,809 sqft
2022-10-01 0 days 1,776 sqft
2022-11-01 0 days 1,823 sqft
2022-12-01 0 days 1,672 sqft
2023-01-01 0 days 1,775 sqft
2023-02-01 0 days 1,793 sqft
2023-03-01 0 days 1,967 sqft
2023-04-01 0 days 1,881 sqft
2023-05-01 0 days 1,899 sqft
2023-06-01 0 days 1,891 sqft
2023-07-01 0 days 2,013 sqft
2023-08-01 0 days 2,026 sqft
2023-09-01 0 days 1,942 sqft
2023-10-01 0 days 1,932 sqft
2023-11-01 0 days 1,907 sqft
2023-12-01 0 days 1,884 sqft
2024-01-01 0 days 1,867 sqft
2024-02-01 0 days 1,929 sqft
2024-03-01 0 days 2,017 sqft
2024-04-01 0 days 1,857 sqft
Wooster's median listing age (time on market) for 2024-04-01 was 0 days.

Wooster's median square footage for active listings during the 2024-04-01 period was 1,857 sqft. One year prior, the average listing was 1,881 sqft.