Youngstown USDA Loan Rates, Closing Costs & Stats

YOUNGSTOWN-WARREN-BOARDMAN, OH-PA

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.

Youngstown's 26 lenders originated 55 USDA loans during 2023. The total origination value was $8,175,000, with an average USDA loan value of $148,636.

Youngstown USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Youngstown averaged 6.85% for the week of 2024-06-14, compared to the national average (all USDA variants) of 6.709% for the same period.

Youngstown's average USDA mortgage closing costs are $5,057.

The average rate for the prior week (2024-06-07) was 6.75% and one month ago for the week of 2024-05-10, the average rate was 7.13%.

The average rate one year ago was 6.89%.

For refis of the same type during the week of 2024-06-14, the average rate was 7.74%.

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

Youngstown 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 Youngstown level.

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
Ixonia Bank 14 6.96% $8,051
PLANET HOME LENDING, LLC 4 6.44% $10,792
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 4 6.38% $2,916
CROSSCOUNTRY MORTGAGE, LLC 4 6.84% $6,401
HOWARD HANNA FINANCIAL SERVICES, INC. 3 6.38% $5,841
Flagstar Bank, FSB 3 6.56% $8,295
PRIMELENDING, A PLAINSCAPITAL COMPANY 2 7.13% $6,619
CARDINAL FINANCIAL 2 5.75% $6,329
TOP FLITE FINANCIAL, INC. 2 6.63% $6,931
Sierra Pacific Mortgage Company, Inc. 1 6.50% $5,470
STOCKTON MORTGAGE CORPORATION 1 7.25% $4,165
UNION HOME MORTGAGE CORP. 1 6.50% $6,370
Union Savings Bank 1 6.00% $4,743
UNITED WHOLESALE MORTGAGE, LLC 1 6.75% $5,460
Waterstone Mortgage Corporation 1 6.38% $5,170
WELCOME HOME FINANCE, L.P. 1 6.25% $2,512
AMERICAN FINANCIAL RESOURCES, INC. 1 7.25% $7,812
WEST PENN FINANCIAL SERVICE CENTER, INC. 1 6.00% $4,732
First National Bank of Pennsylvania 1 6.25% $4,743
Hometown Equity Mortgage, LLC 1 7.50% $8,913
NATIONWIDE MORTGAGE BANKERS, INC. 1 6.25% $7,951
NEWREZ LLC 1 6.25% $8,196
Paramount Residential Mortgage Group, Inc. 1 6.13% $7,095
RAPID MORTGAGE COMPANY 1 7.13% $13,331
RUOFF MORTGAGE COMPANY, INC. 1 6.75% $2,370
Seven Seventeen Credit Union 1 6.63% $4,020

The top Youngstown USDA lender as defined by loan originations is Ixonia Bank, with 14 USDA loans originated. Their average total fees are $8,051, which is $2,742 lower than the next largest lender, PLANET HOME LENDING, LLC.

The lowest fee Youngstown USDA lenders (with over 10 loans originated) are Ixonia Bank ($8,051), .

The lowest rate Youngstown USDA lenders (with over 10 loans originated) are Ixonia Bank (6.96%), .


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Youngstown (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 $105,000 (11.2%) $150,868 (6.2%) 0.39 1,888
2018-02-01 $102,400 (6.6%) $150,818 (3.6%) 0.37 1,822
2018-03-01 $109,900 (10.7%) $156,364 (7.6%) 0.39 1,755
2018-04-01 $111,250 (11.4%) $156,003 (7.0%) 0.38 1,694
2018-05-01 $118,500 (12.9%) $161,936 (6.4%) 0.40 1,723
2018-06-01 $118,850 (16.5%) $160,759 (6.9%) 0.40 1,760
2018-07-01 $117,750 (12.1%) $159,937 (7.8%) 0.39 1,889
2018-08-01 $119,700 (14.0%) $162,626 (9.4%) 0.40 1,929
2018-09-01 $120,000 (9.1%) $162,693 (7.4%) 0.40 1,928
2018-10-01 $120,937 (10.0%) $163,026 (7.2%) 0.41 1,941
2018-11-01 $119,900 (9.1%) $162,641 (6.0%) 0.41 1,899
2018-12-01 $119,500 (10.1%) $162,438 (7.8%) 0.41 1,749
2019-01-01 $119,900 (14.2%) $161,394 (7.0%) 0.41 1,697
2019-02-01 $119,900 (17.1%) $161,705 (7.2%) 0.41 1,640
2019-03-01 $122,086 (11.1%) $168,839 (8.0%) 0.40 1,610
2019-04-01 $122,111 (9.8%) $172,942 (10.9%) 0.39 1,622
2019-05-01 $124,900 (5.4%) $174,700 (7.9%) 0.39 1,573
2019-06-01 $129,000 (8.5%) $179,819 (11.9%) 0.40 1,680
2019-07-01 $129,900 (10.3%) $180,090 (12.6%) 0.41 1,748
2019-08-01 $129,082 (7.8%) $178,126 (9.5%) 0.41 1,761
2019-09-01 $127,855 (6.6%) $176,186 (8.3%) 0.41 1,779
2019-10-01 $125,950 (4.1%) $175,156 (7.4%) 0.41 1,784
2019-11-01 $122,900 (2.5%) $171,810 (5.6%) 0.40 1,722
2019-12-01 $119,900 (0.3%) $170,627 (5.0%) 0.40 1,644
2020-01-01 $119,900 (0.0%) $170,381 (5.6%) 0.40 1,535
2020-02-01 $119,900 (0.0%) $169,536 (4.8%) 0.39 1,399
2020-03-01 $120,000 (-1.7%) $174,925 (3.6%) 0.38 1,277
2020-04-01 $119,700 (-2.0%) $174,852 (1.1%) 0.37 1,214
2020-05-01 $125,000 (0.1%) $179,592 (2.8%) 0.38 1,114
2020-06-01 $129,900 (0.7%) $186,647 (3.8%) 0.38 1,017
2020-07-01 $130,950 (0.8%) $189,096 (5.0%) 0.38 926
2020-08-01 $135,000 (4.6%) $190,863 (7.2%) 0.39 866
2020-09-01 $137,450 (7.5%) $194,419 (10.4%) 0.39 796
2020-10-01 $136,000 (8.0%) $194,938 (11.3%) 0.39 818
2020-11-01 $136,900 (11.4%) $190,977 (11.2%) 0.40 812
2020-12-01 $135,450 (13.0%) $191,433 (12.2%) 0.40 753
2021-01-01 $129,900 (8.3%) $191,043 (12.1%) 0.39 642
2021-02-01 $129,450 (8.0%) $194,838 (14.9%) 0.38 523
2021-03-01 $129,900 (8.3%) $189,255 (8.2%) 0.37 476
2021-04-01 $131,000 (9.4%) $195,347 (11.7%) 0.35 451
2021-05-01 $139,900 (11.9%) $210,232 (17.1%) 0.37 476
2021-06-01 $135,250 (4.1%) $201,025 (7.7%) 0.36 589
2021-07-01 $138,500 (5.8%) $193,972 (2.6%) 0.37 713
2021-08-01 $132,425 (-1.9%) $192,465 (0.8%) 0.35 767
2021-09-01 $129,900 (-5.5%) $194,245 (-0.1%) 0.35 773
2021-10-01 $129,900 (-4.5%) $193,502 (-0.7%) 0.35 773
2021-11-01 $129,900 (-5.1%) $187,285 (-1.9%) 0.35 751
2021-12-01 $126,350 (-6.7%) $190,472 (-0.5%) 0.34 662
2022-01-01 $119,950 (-7.7%) $183,825 (-3.8%) 0.32 580
2022-02-01 $118,750 (-8.3%) $183,943 (-5.6%) 0.31 486
2022-03-01 $126,250 (-2.8%) $195,504 (3.3%) 0.32 438
2022-04-01 $131,950 (0.7%) $203,499 (4.2%) 0.31 476
2022-05-01 $137,200 (-1.9%) $203,607 (-3.2%) 0.31 567
2022-06-01 $148,000 (9.4%) $207,977 (3.5%) 0.33 675
2022-07-01 $146,950 (6.1%) $211,055 (8.8%) 0.33 761
2022-08-01 $150,000 (13.3%) $211,518 (9.9%) 0.35 815
2022-09-01 $148,250 (14.1%) $208,344 (7.3%) 0.35 855
2022-10-01 $149,714 (15.3%) $207,863 (7.4%) 0.35 862
2022-11-01 $151,250 (16.4%) $209,401 (11.8%) 0.36 826
2022-12-01 $149,900 (18.6%) $207,102 (8.7%) 0.37 757
2023-01-01 $149,900 (25.0%) $208,791 (13.6%) 0.37 656
2023-02-01 $151,200 (27.3%) $208,412 (13.3%) 0.36 576
2023-03-01 $159,900 (26.7%) $224,253 (14.7%) 0.38 563
2023-04-01 $159,900 (21.2%) $232,184 (14.1%) 0.37 521
2023-05-01 $162,450 (18.4%) $235,474 (15.7%) 0.37 511
2023-06-01 $168,750 (14.0%) $238,221 (14.5%) 0.38 559
2023-07-01 $172,250 (17.2%) $241,317 (14.3%) 0.39 606
2023-08-01 $180,538 (20.4%) $245,630 (16.1%) 0.41 676
2023-09-01 $173,650 (17.1%) $238,173 (14.3%) 0.40 782
2023-10-01 $168,675 (12.7%) $229,824 (10.6%) 0.40 903
2023-11-01 $165,000 (9.1%) $225,678 (7.8%) 0.39 897
2023-12-01 $159,900 (6.7%) $219,997 (6.2%) 0.39 864
2024-01-01 $164,225 (9.6%) $223,339 (7.0%) 0.40 790
2024-02-01 $159,900 (5.8%) $224,319 (7.6%) 0.38 706
2024-03-01 $174,900 (9.4%) $241,851 (7.9%) 0.41 659
2024-04-01 $179,950 (12.5%) $250,574 (7.9%) 0.42 638
2024-05-01 $185,000 (13.9%) $263,950 (12.1%) 0.42 653
Youngstown's median listing price for 2024-05-01 was $185,000, a difference of $22,550 (13.9%) versus the prior year and $5,050 versus the prior month.

Youngstown's median listing price comes in at 42% of the national average.

Youngstown's average listing price for 2024-05-01 was $263,950, a difference of $28,476 (12.1%) versus the prior year and $13,376 versus the prior month.

For the 2024-05-01 period, Youngstown had 653 MLS listings, a difference of 15 listings (2%) versus the prior month and 142 listings (28%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Youngstown (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 103 days 1,512 sqft
2018-02-01 103 days 1,506 sqft
2018-03-01 88 days 1,508 sqft
2018-04-01 76 days 1,514 sqft
2018-05-01 70 days 1,535 sqft
2018-06-01 64 days 1,572 sqft
2018-07-01 62 days 1,680 sqft
2018-08-01 61 days 1,700 sqft
2018-09-01 65 days 1,700 sqft
2018-10-01 66 days 1,704 sqft
2018-11-01 71 days 1,697 sqft
2018-12-01 86 days 1,693 sqft
2019-01-01 96 days 1,689 sqft
2019-02-01 100 days 1,703 sqft
2019-03-01 87 days 1,707 sqft
2019-04-01 72 days 1,704 sqft
2019-05-01 67 days 1,629 sqft
2019-06-01 65 days 1,632 sqft
2019-07-01 64 days 1,647 sqft
2019-08-01 66 days 1,655 sqft
2019-09-01 69 days 1,683 sqft
2019-10-01 72 days 1,700 sqft
2019-11-01 81 days 1,696 sqft
2019-12-01 90 days 1,682 sqft
2020-01-01 98 days 1,660 sqft
2020-02-01 98 days 1,658 sqft
2020-03-01 90 days 1,673 sqft
2020-04-01 84 days 1,660 sqft
2020-05-01 96 days 1,681 sqft
2020-06-01 91 days 1,688 sqft
2020-07-01 58 days 1,758 sqft
2020-08-01 54 days 1,722 sqft
2020-09-01 62 days 1,732 sqft
2020-10-01 62 days 1,743 sqft
2020-11-01 62 days 1,693 sqft
2020-12-01 71 days 1,698 sqft
2021-01-01 81 days 1,680 sqft
2021-02-01 76 days 1,679 sqft
2021-03-01 53 days 1,656 sqft
2021-04-01 45 days 1,657 sqft
2021-05-01 39 days 1,691 sqft
2021-06-01 32 days 1,601 sqft
2021-07-01 36 days 1,552 sqft
2021-08-01 41 days 1,535 sqft
2021-09-01 45 days 1,518 sqft
2021-10-01 46 days 1,512 sqft
2021-11-01 47 days 1,529 sqft
2021-12-01 56 days 1,507 sqft
2022-01-01 68 days 1,480 sqft
2022-02-01 63 days 1,452 sqft
2022-03-01 52 days 1,493 sqft
2022-04-01 38 days 1,540 sqft
2022-05-01 34 days 1,522 sqft
2022-06-01 35 days 1,582 sqft
2022-07-01 38 days 1,609 sqft
2022-08-01 42 days 1,630 sqft
2022-09-01 46 days 1,602 sqft
2022-10-01 50 days 1,596 sqft
2022-11-01 53 days 1,621 sqft
2022-12-01 62 days 1,568 sqft
2023-01-01 73 days 1,580 sqft
2023-02-01 68 days 1,568 sqft
2023-03-01 49 days 1,638 sqft
2023-04-01 51 days 1,629 sqft
2023-05-01 44 days 1,626 sqft
2023-06-01 38 days 1,661 sqft
2023-07-01 37 days 1,680 sqft
2023-08-01 40 days 1,727 sqft
2023-09-01 40 days 1,661 sqft
2023-10-01 42 days 1,615 sqft
2023-11-01 45 days 1,630 sqft
2023-12-01 57 days 1,573 sqft
2024-01-01 72 days 1,613 sqft
2024-02-01 73 days 1,601 sqft
2024-03-01 59 days 1,650 sqft
2024-04-01 47 days 1,679 sqft
2024-05-01 40 days 1,696 sqft
Youngstown's median listing age (time on market) for 2024-05-01 was 40 days. This is -9% shorter than the same period one year ago.

Youngstown's median square footage for active listings during the 2024-05-01 period was 1,696 sqft. One year prior, the average listing was 1,626 sqft.