Youngstown USDA Loan Rates, Closing Costs & Stats

YOUNGSTOWN-WARREN-BOARDMAN, OH-PA

  • JUMP TO:
  • Trends
  • Rates vs Fees
  • Top Lenders
  • Markets

    • 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 6.87% for the week of 2024-07-19, compared to the national average (all USDA variants) of 6.628% for the same period.

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

    The average rate for the prior week (2024-07-12) was 6.79% and one month ago for the week of 2024-06-14, the average rate was 7.03%.

    The average rate one year ago was 7.08%.

    For refis of the same type during the week of 2024-07-19, the average rate was 7.36%.

    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%), .