Youngstown USDA Loan Rates, Closing Costs & Stats

YOUNGSTOWN-WARREN-BOARDMAN, OH-PA

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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.

    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 6.91% for the week of 2024-04-19, compared to the national average (all USDA variants) of 6.863% for the same period.

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

    The average rate for the prior week (2024-04-12) was 6.86% and one month ago for the week of 2024-03-15, the average rate was 6.84%.

    The average rate one year ago was 6.68%.

    For refis of the same type during the week of 2024-04-19, the average rate was 7.7%.

    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
    Youngstown's median listing price for 2024-03-01 was $174,900, a difference of $15,000 (9.4%) versus the prior year and $15,000 versus the prior month.

    Youngstown's median listing price comes in at 41% of the national average.

    Youngstown's average listing price for 2024-03-01 was $241,851, a difference of $17,598 (7.9%) versus the prior year and $17,532 versus the prior month.

    For the 2024-03-01 period, Youngstown had 659 MLS listings, a difference of -47 listings (-7%) versus the prior month and 96 listings (17%) 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 1,600 sqft
    2024-03-01 59 days 1,652 sqft
    Youngstown's median listing age (time on market) for 2024-03-01 was 59 days. This is 20% longer than the same period one year ago.

    Youngstown's median square footage for active listings during the 2024-03-01 period was 1,652 sqft. One year prior, the average listing was 1,638 sqft.