Ohio USDA Loan Rates, Closing Costs & Stats

Ohio

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.

Ohio USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Ohio averaged -0.46% for the week of 2023-11-24, compared to the national average (all USDA variants) of 0% for the same period.

Ohio's average USDA mortgage closing costs are $4,832.

The average rate for the prior week (2023-11-17) was 6.83% and one month ago for the week of 2023-10-20, the average rate was 7.25%.

The average rate one year ago was 6.29%.

For refis of the same type during the week of 2023-11-24, the average rate was -1.09%.

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

Ohio 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 Ohio level.

Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
CROSSCOUNTRY MORTGAGE, LLC 217 5.26% $5,912
UNION HOME MORTGAGE CORP. 211 5.03% $5,855
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 120 5.19% $5,397
CALIBER HOME LOANS, INC. 120 4.60% $5,068
POLARIS HOME FUNDING CORP. 92 5.23% $6,957
PRIMELENDING, A PLAINSCAPITAL COMPANY 84 5.18% $6,190
LOANDEPOT.COM, LLC 73 5.31% $5,194
MID AMERICA MORTGAGE, INC. 62 5.21% $5,343
J. VIRGIL, INC. 48 5.37% $6,989
PRIMARY RESIDENTIAL MORTGAGE, INC. 44 4.80% $6,484
DAS Acquisition Company, LLC 43 5.17% $6,937
RUOFF MORTGAGE COMPANY, INC. 37 5.11% $2,890
T2 FINANCIAL LLC 37 5.35% $8,029
The Huntington National Bank 35 4.92% $5,461
MOVEMENT MORTGAGE, LLC 32 4.82% $6,854
RAPID MORTGAGE COMPANY 31 5.31% $6,830
Waterstone Mortgage Corporation 31 5.13% $6,426
GUARANTEED RATE, INC. 27 5.41% $6,017
EQUITY RESOURCES, INC. 27 4.72% $6,093
AMERIFIRST FINANCIAL CORPORATION 27 5.54% $6,557
Flagstar Bank, FSB 26 4.68% $6,354
Paramount Residential Mortgage Group, Inc. 23 4.92% $6,598
WesBanco 23 4.40% $5,211
HOME POINT FINANCIAL CORPORATION 22 4.73% $5,832
UNITED WHOLESALE MORTGAGE, LLC 22 5.22% $6,858
U.S. Bank 22 5.33% $5,133
Hometown Equity Mortgage, LLC 21 4.47% $7,710
THRIVE MORTGAGE, LLC 20 5.15% $5,995
Hometown Lenders, Inc. 18 5.11% $6,835
Superior Credit Union, Inc. 18 4.44% $3,791
Bank of England 18 4.91% $6,273
Chickasaw Community Bank 17 6.18% $6,775
LIBERTY HOME MORTGAGE CORPORATION 17 5.15% $4,834
FIRST OHIO HOME FINANCE, INC. 16 5.16% $2,635
HOMESIDE FINANCIAL, LLC 14 4.84% $5,975
DEVELOPER'S MORTGAGE COMPANY 14 4.38% $3,037
AMERICAN MORTGAGE SERVICE COMPANY 14 4.84% $5,450
First Federal Bank of the Midwest 13 4.91% $5,124
Fifth Third Bank 13 4.76% $4,608
BAYSHORE MORTGAGE FUNDING, LLC 13 5.50% $7,380
PENNYMAC LOAN SERVICES, LLC 12 3.28% $5,818
GUILD MORTGAGE COMPANY 12 5.61% $6,421
NVR Mortgage Finance, Inc. 11 3.68% $8,946
NFM, INC. 11 4.65% $8,300
AMERICAN PACIFIC MORTGAGE CORPORATION 10 4.88% $6,627
MORTGAGE SOLUTIONS OF COLORADO, LLC 9 5.75% $7,025
Union Savings Bank 9 5.31% $5,786
PLAZA HOME MORTGAGE, INC. 9 4.91% $4,874
WRIGHT-PATT CREDIT UNION, INC. 9 5.32% $4,833
PRIORITY MORTGAGE CORP. 8 4.31% $5,765
TOP FLITE FINANCIAL, INC. 8 4.66% $9,443
Northwest Bank 7 4.30% $4,961
AmRes Corporation 7 5.05% $5,408
EUSTIS AND AMERICAN MORTGAGE COMPANY 7 4.82% $5,793
Gateway First Bank 7 6.07% $3,410
First Option Mortgage, LLC 7 4.91% $6,294
Equity Prime Mortgage LLC 7 6.07% $6,368
DESCO 7 4.43% $4,033
NATIONS RELIABLE LENDING, LLC 7 5.63% $7,121
Nations Lending Corporation 6 5.25% $4,694
Republic State Mortgage Co. 6 6.15% $3,536
The Park National Bank 6 4.27% $5,909
NEWREZ LLC 6 6.79% $3,941
Mortgage Research Center, LLC 5 5.90% $2,301
FIRST COMMUNITY MORTGAGE, INC. 5 4.95% $6,265
First Commonwealth Bank 5 5.03% $5,005
STOCKTON MORTGAGE CORPORATION 5 5.15% $5,386
The Union Bank Company 5 5.50% $5,268
Peoples Bank 5 4.53% $5,023
CARDINAL FINANCIAL 4 4.72% $9,525
HOWARD HANNA FINANCIAL SERVICES, INC. 4 3.63% $5,983
HOMEBRIDGE FINANCIAL SERVICES, INC. 4 4.22% $6,882
NATIONWIDE MORTGAGE BANKERS, INC. 4 4.84% $6,847
GVC MORTGAGE, INC. 4 5.91% $7,541
GUARANTEED RATE AFFINITY, LLC 4 5.25% $6,483
GSF Mortgage Corporation 4 5.34% $7,090
GENEVA FINANCIAL, LLC 4 5.97% $6,488
THE EQUITABLE MORTGAGE CORPORATION 4 4.28% $4,615
MYCUMORTGAGE, LLC 4 5.94% $5,620
WEST PENN FINANCIAL SERVICE CENTER, INC. 4 4.09% $4,606
Civista Bank 4 4.47% $4,919
RiverHills Bank 3 4.50% $5,243
ABSOLUTE HOME MORTGAGE CORPORATION 3 3.75% $9,162
AMERICAN FINANCIAL RESOURCES, INC. 3 5.88% $6,536
American Midwest Mortgage Corporation 3 5.17% $8,512
Carrington Mortgage Services, LLC 3 5.46% $4,787
Cincinnati Federal 3 5.29% $4,942
Citizens Bank 3 5.92% $7,252
ENVOY MORTGAGE, LTD 3 5.88% $6,747
EVERETT FINANCIAL, INC. 3 4.79% $4,657
First Federal Savings and Loan Association of Lakewood 3 5.92% $6,654
First Guaranty Mortgage Corporation 3 3.46% $3,876
MORTGAGE 1 INCORPORATED 3 5.88% $7,550
1st National Bank 3 4.38% $3,505
SIWELL, INC. 3 4.42% $5,024
The State Bank and Trust Company 3 3.21% $4,273
Evolve Bank & Trust 2 5.56% $6,556
YOUR HOME FINANCIAL LLC 2 5.75% $6,904
GUARANTY HOME MORTGAGE CORPORATION 2 5.50% $5,256
DHI MORTGAGE COMPANY, LTD. 2 2.25% $7,067
SUCCESS MORTGAGE PARTNERS, INC. 2 4.88% $6,107
Truist 2 5.69% $5,107
INSPIRE HOME LOANS INC. 2 4.81% $8,998
ARC HOME LLC 2 5.81% $6,627
Guardian Savings Bank, A Federal Savings Bank 2 3.94% $4,089
MICHIGAN MUTUAL, INC. 2 5.56% $8,549
First Financial Bank 2 4.19% $5,631
CHURCHILL MORTGAGE CORPORATION 2 5.94% $6,357
Century Mortgage Company DBA Century Lending Company 2 5.69% $5,299
US MORTGAGE CORPORATION 2 3.94% $6,098
VAN DYK MORTGAGE CORPORATION 2 5.13% $4,594
Somerville Bank 2 4.50% $5,262
BROKER SOLUTIONS, INC. 2 5.37% $6,188
RELIANCE FIRST CAPITAL, LLC 2 3.69% $6,698
SOUTHWEST FUNDING, LP 2 6.00% $9,503
Northpointe Bank 2 4.06% $5,849
MUTUAL OF OMAHA MORTGAGE, INC. 2 4.25% $6,766
DIAMOND RESIDENTIAL MORTGAGE CORPORATION 1 5.38% $4,425
CREDIT UNION MORTGAGE ASSOCIATION, INC. 1 5.50% $4,787
CONTOUR MORTGAGE CORPORATION 1 5.75% $5,988
Community Star Credit Union 1 6.25% $4,583
UNITED 1 3.38% $3,581
UNITED HOME LOANS, INC. 1 5.75% $6,175
UNITED MORTGAGE CORP 1 5.50% $7,235
Victorian Finance, LLC 1 3.50% $4,613
Assurance Financial Group, L.L.C. 1 3.62% $3,449
NORTHERN MORTGAGE SERVICES, LLC 1 3.25% $3,526
NATIONS DIRECT MORTGAGE, LLC 1 5.00% $7,278
OHIO VALLEY COMMUNITY FEDERAL CREDIT UNION 1 4.50% $2,487
OPTION FINANCIAL, LLC 1 6.88% $7,887
MIDLAND MORTGAGE CORPORATION 1 3.88% $3,050
Magnolia Bank 1 5.63% $4,400
Liberty National Bank 1 3.25% $4,198
LEADERONE FINANCIAL CORPORATION 1 5.13% $6,163
LAND HOME FINANCIAL SERVICES, INC. 1 7.00% $6,274
LAKEVIEW LOAN SERVICING, LLC 1 3.25% $2,257
Princeton Mortgage Corporation 1 6.75% $7,388
LAKE MICHIGAN CREDIT UNION 1 3.00% $5,594
Ixonia Bank 1 4.75% $3,907
Ameris Bank 1 5.63% $5,628
South State Bank 1 4.50% $4,607
SUN WEST MORTGAGE COMPANY, INC. 1 4.75% $3,653
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 4.75% $3,719
First Savings Bank 1 3.75% $5,392
The Citizens National Bank of Bluffton 1 4.50% $4,607
The Federal Savings Bank 1 6.25% $6,940
FirstBank 1 5.50% $5,382
The Merchants National Bank 1 6.38% $3,929

The top Ohio USDA lender as defined by loan originations is CROSSCOUNTRY MORTGAGE, LLC, with 217 USDA loans originated. Their average total fees are $5,912, which is $58 higher than the next largest lender, UNION HOME MORTGAGE CORP..

The lowest fee Ohio USDA lenders (with over 10 loans originated) are FIRST OHIO HOME FINANCE, INC. ($2,635), RUOFF MORTGAGE COMPANY, INC. ($2,890), DEVELOPER'S MORTGAGE COMPANY ($3,037), Superior Credit Union, Inc. ($3,791) and Fifth Third Bank ($4,608).

The lowest rate Ohio USDA lenders (with over 10 loans originated) are PENNYMAC LOAN SERVICES, LLC (3.28%), NVR Mortgage Finance, Inc. (3.68%), DEVELOPER'S MORTGAGE COMPANY (4.38%), WesBanco (4.40%) and Superior Credit Union, Inc. (4.44%).