Wooster USDA Loan Rates, Closing Costs & Stats

Wooster, OH

  • JUMP TO:
  • Trends
  • Rates vs Fees
  • Top Lenders
  • Markets
  • Market Conditions & Pricing
  • Time on Market/Property Size

    • 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 6.41% for the week of 2024-12-13, compared to the national average (all USDA variants) of 6.303% for the same period.

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

    The average rate for the prior week (2024-12-06) was 6.45% and one month ago for the week of 2024-11-08, the average rate was 6.56%.

    The average rate one year ago was 7.03%.

    For refis of the same type during the week of 2024-12-13, the average rate was 6.95%.

    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
    2024-05-01 $342,450 (36.1%) $418,738 (56.4%) 0.00 68
    2024-06-01 $324,500 (21.1%) $379,158 (35.0%) 0.00 91
    2024-07-01 $307,450 (9.8%) $337,154 (10.1%) 0.00 106
    2024-08-01 $295,000 (2.6%) $320,035 (5.0%) 0.00 98
    2024-09-01 $281,000 (2.2%) $308,388 (5.4%) 0.00 106
    2024-10-01 $272,975 (2.1%) $298,624 (1.3%) 0.00 123
    2024-11-01 $274,900 (-1.8%) $300,125 (-6.9%) 0.00 128
    Wooster's median listing price for 2024-11-01 was $274,900, a difference of $-5,050 (-1.8%) versus the prior year and $1,925 versus the prior month.

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

    Wooster's average listing price for 2024-11-01 was $300,125, a difference of $-22,301 (-6.9%) versus the prior year and $1,501 versus the prior month.

    For the 2024-11-01 period, Wooster had 128 MLS listings, a difference of 5 listings (4%) versus the prior month and 6 listings (5%) 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
    2024-05-01 0 days 2,143 sqft
    2024-06-01 0 days 1,998 sqft
    2024-07-01 0 days 1,819 sqft
    2024-08-01 0 days 1,749 sqft
    2024-09-01 0 days 1,780 sqft
    2024-10-01 0 days 1,734 sqft
    2024-11-01 0 days 1,737 sqft
    Wooster's median listing age (time on market) for 2024-11-01 was 0 days.

    Wooster's median square footage for active listings during the 2024-11-01 period was 1,737 sqft. One year prior, the average listing was 1,907 sqft.