Ames USDA Loan Rates, Closing Costs & Stats
AMES, IA
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.
Ames's 13 lenders originated 30 USDA loans during 2023. The total origination value was $5,120,000, with an average USDA loan value of $170,667.
Ames USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Ames
averaged
-0.12%
for the week of 2024-11-29, compared to the national average (all USDA variants) of
0% for the same period.
Ames's average USDA mortgage closing costs are $4,223.
The average rate for the prior week (2024-11-22) was
6.58% and
one month ago for the week of 2024-10-25, the
average rate was 6.08%.
The average rate one year ago was 6.78%.
For refis of the same type during the week of 2024-11-29, the average rate
was -0.2%.
Ames 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 Ames level.
Name | # of Loans | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
---|---|---|---|
GUILD MORTGAGE COMPANY | 10 | 6.58% | $5,210 |
Lincoln Savings Bank | 4 | 6.19% | $4,568 |
IOWA BANKERS MORTGAGE CORPORATION | 2 | 6.69% | $6,093 |
Ixonia Bank | 2 | 6.25% | $5,432 |
GUARANTEED RATE, INC. | 2 | 7.50% | $6,957 |
GERSHMAN INVESTMENT CORP. | 1 | 7.00% | $4,794 |
NEWREZ LLC | 1 | 6.63% | $4,962 |
AMERICAN PACIFIC MORTGAGE CORPORATION | 1 | 6.63% | $6,347 |
Wells Fargo Bank | 1 | 7.13% | $3,306 |
CARDINAL FINANCIAL | 1 | 6.75% | $4,942 |
Carrington Mortgage Services, LLC | 1 | 7.50% | $5,469 |
Chickasaw Community Bank | 1 | 6.88% | $5,566 |
Community Choice Credit Union | 1 | 6.75% | $4,110 |
The top Ames USDA lender as defined by loan originations is GUILD MORTGAGE COMPANY, with
10 USDA loans originated. Their average total fees are
$5,210, which is $643
higher than the next largest lender,
Lincoln Savings Bank.
The lowest fee Ames USDA lenders (with over 10 loans originated) are
GUILD MORTGAGE COMPANY ($5,210), .
The lowest rate Ames USDA lenders (with over 10 loans originated) are
GUILD MORTGAGE COMPANY (6.58%), .
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Ames (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $224,350 (12.2%) | $254,620 (6.0%) | 0.00 | 296 |
2018-02-01 | $243,120 (13.6%) | $262,187 (7.8%) | 0.00 | 295 |
2018-03-01 | $254,225 (7.1%) | $274,272 (4.9%) | 0.00 | 303 |
2018-04-01 | $263,450 (7.5%) | $281,018 (2.1%) | 0.00 | 310 |
2018-05-01 | $259,690 (0.1%) | $274,137 (-1.1%) | 0.00 | 334 |
2018-06-01 | $249,900 (-2.1%) | $269,824 (-5.0%) | 0.00 | 368 |
2018-07-01 | $237,250 (-0.1%) | $258,323 (-4.5%) | 0.00 | 383 |
2018-08-01 | $237,000 (1.5%) | $256,987 (-4.2%) | 0.00 | 410 |
2018-09-01 | $229,000 (1.8%) | $247,258 (-3.8%) | 0.00 | 450 |
2018-10-01 | $219,950 (0.0%) | $240,885 (-4.1%) | 0.00 | 453 |
2018-11-01 | $219,563 (4.1%) | $239,389 (-3.2%) | 0.00 | 426 |
2018-12-01 | $219,900 (4.2%) | $240,269 (-2.3%) | 0.00 | 403 |
2019-01-01 | $215,000 (-4.2%) | $237,497 (-6.7%) | 0.00 | 374 |
2019-02-01 | $220,700 (-9.2%) | $242,098 (-7.7%) | 0.00 | 360 |
2019-03-01 | $235,436 (-7.4%) | $254,134 (-7.3%) | 0.00 | 373 |
2019-04-01 | $249,525 (-5.3%) | $262,754 (-6.5%) | 0.00 | 401 |
2019-05-01 | $241,975 (-6.8%) | $264,405 (-3.6%) | 0.00 | 422 |
2019-06-01 | $242,350 (-3.0%) | $269,343 (-0.2%) | 0.00 | 470 |
2019-07-01 | $241,000 (1.6%) | $262,269 (1.5%) | 0.00 | 478 |
2019-08-01 | $235,882 (-0.5%) | $259,184 (0.9%) | 0.00 | 474 |
2019-09-01 | $229,705 (0.3%) | $252,840 (2.3%) | 0.00 | 472 |
2019-10-01 | $221,450 (0.7%) | $247,882 (2.9%) | 0.00 | 468 |
2019-11-01 | $220,950 (0.6%) | $245,620 (2.6%) | 0.00 | 411 |
2019-12-01 | $225,000 (2.3%) | $247,047 (2.8%) | 0.00 | 368 |
2020-01-01 | $224,825 (4.6%) | $250,498 (5.5%) | 0.00 | 338 |
2020-02-01 | $224,450 (1.7%) | $249,608 (3.1%) | 0.00 | 340 |
2020-03-01 | $239,900 (1.9%) | $260,472 (2.5%) | 0.00 | 360 |
2020-04-01 | $240,000 (-3.8%) | $260,844 (-0.7%) | 0.00 | 350 |
2020-05-01 | $245,000 (1.3%) | $275,451 (4.2%) | 0.00 | 325 |
2020-06-01 | $250,950 (3.6%) | $279,656 (3.8%) | 0.00 | 328 |
2020-07-01 | $250,425 (3.9%) | $280,416 (6.9%) | 0.00 | 299 |
2020-08-01 | $251,150 (6.5%) | $285,738 (10.3%) | 0.00 | 282 |
2020-09-01 | $258,475 (12.5%) | $286,570 (13.3%) | 0.00 | 278 |
2020-10-01 | $266,000 (20.1%) | $289,491 (16.8%) | 0.00 | 280 |
2020-11-01 | $271,950 (23.1%) | $280,507 (14.2%) | 0.00 | 242 |
2020-12-01 | $271,375 (20.6%) | $281,312 (13.9%) | 0.00 | 203 |
2021-01-01 | $288,000 (28.1%) | $298,762 (19.3%) | 0.00 | 166 |
2021-02-01 | $289,950 (29.2%) | $299,035 (19.8%) | 0.00 | 148 |
2021-03-01 | $283,975 (18.4%) | $315,687 (21.2%) | 0.00 | 157 |
2021-04-01 | $270,000 (12.5%) | $315,357 (20.9%) | 0.00 | 166 |
2021-05-01 | $271,500 (10.8%) | $314,427 (14.2%) | 0.00 | 163 |
2021-06-01 | $266,500 (6.2%) | $308,772 (10.4%) | 0.00 | 160 |
2021-07-01 | $260,000 (3.8%) | $291,146 (3.8%) | 0.00 | 167 |
2021-08-01 | $249,000 (-0.9%) | $282,935 (-1.0%) | 0.00 | 186 |
2021-09-01 | $247,500 (-4.3%) | $286,812 (0.1%) | 0.00 | 214 |
2021-10-01 | $224,950 (-15.4%) | $271,840 (-6.1%) | 0.00 | 220 |
2021-11-01 | $228,750 (-15.9%) | $278,022 (-0.9%) | 0.00 | 200 |
2021-12-01 | $244,225 (-10.0%) | $274,920 (-2.3%) | 0.00 | 177 |
2022-01-01 | $252,000 (-12.5%) | $278,471 (-6.8%) | 0.00 | 145 |
2022-02-01 | $299,725 (3.4%) | $311,684 (4.2%) | 0.00 | 123 |
2022-03-01 | $296,238 (4.3%) | $312,031 (-1.2%) | 0.00 | 125 |
2022-04-01 | $289,000 (7.0%) | $317,692 (0.7%) | 0.00 | 127 |
2022-05-01 | $297,500 (9.6%) | $332,079 (5.6%) | 0.00 | 168 |
2022-06-01 | $292,375 (9.7%) | $340,066 (10.1%) | 0.00 | 174 |
2022-07-01 | $299,900 (15.4%) | $334,449 (14.9%) | 0.00 | 186 |
2022-08-01 | $293,000 (17.7%) | $323,186 (14.2%) | 0.00 | 164 |
2022-09-01 | $283,333 (14.5%) | $314,563 (9.7%) | 0.00 | 177 |
2022-10-01 | $279,000 (24.0%) | $356,102 (31.0%) | 0.00 | 188 |
2022-11-01 | $296,725 (29.7%) | $363,534 (30.8%) | 0.00 | 167 |
2022-12-01 | $300,000 (22.8%) | $364,329 (32.5%) | 0.00 | 164 |
2023-01-01 | $309,375 (22.8%) | $375,521 (34.9%) | 0.00 | 157 |
2023-02-01 | $327,975 (9.4%) | $404,734 (29.9%) | 0.00 | 144 |
2023-03-01 | $311,225 (5.1%) | $388,200 (24.4%) | 0.00 | 158 |
2023-04-01 | $330,950 (14.5%) | $401,199 (26.3%) | 0.00 | 152 |
2023-05-01 | $332,175 (11.7%) | $386,736 (16.5%) | 0.00 | 183 |
2023-06-01 | $318,500 (8.9%) | $354,694 (4.3%) | 0.00 | 219 |
2023-07-01 | $316,200 (5.4%) | $354,796 (6.1%) | 0.00 | 231 |
2023-08-01 | $317,750 (8.5%) | $361,405 (11.8%) | 0.00 | 224 |
2023-09-01 | $317,500 (12.1%) | $364,689 (15.9%) | 0.00 | 235 |
2023-10-01 | $308,450 (10.6%) | $356,640 (0.2%) | 0.00 | 247 |
2023-11-01 | $315,125 (6.2%) | $368,281 (1.3%) | 0.00 | 231 |
2023-12-01 | $302,450 (0.8%) | $354,991 (-2.6%) | 0.00 | 208 |
2024-01-01 | $318,250 (2.9%) | $355,331 (-5.4%) | 0.00 | 188 |
2024-02-01 | $324,900 (-0.9%) | $367,440 (-9.2%) | 0.00 | 187 |
2024-03-01 | $335,900 (7.9%) | $376,107 (-3.1%) | 0.00 | 189 |
2024-04-01 | $336,225 (1.6%) | $373,788 (-6.8%) | 0.00 | 189 |
2024-05-01 | $347,200 (4.5%) | $388,309 (0.4%) | 0.00 | 187 |
2024-06-01 | $332,950 (4.5%) | $391,327 (10.3%) | 0.00 | 219 |
2024-07-01 | $330,550 (4.5%) | $380,799 (7.3%) | 0.00 | 226 |
2024-08-01 | $314,900 (-0.9%) | $388,125 (7.4%) | 0.00 | 234 |
2024-09-01 | $317,450 (0.0%) | $387,214 (6.2%) | 0.00 | 237 |
2024-10-01 | $304,975 (-1.1%) | $379,437 (6.4%) | 0.00 | 250 |
Ames's median listing price comes in at 0% of the national average.
Ames's average listing price for 2024-10-01 was $379,437, a difference of $22,797 (6.4%) versus the prior year and $-7,777 versus the prior month.
For the 2024-10-01 period, Ames had 250 MLS listings, a difference of 13 listings (5%) versus the prior month and 3 listings (1%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Ames (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,564 sqft |
2018-02-01 | 0 days | 1,541 sqft |
2018-03-01 | 0 days | 1,555 sqft |
2018-04-01 | 0 days | 1,609 sqft |
2018-05-01 | 0 days | 1,580 sqft |
2018-06-01 | 0 days | 1,557 sqft |
2018-07-01 | 0 days | 1,529 sqft |
2018-08-01 | 0 days | 1,533 sqft |
2018-09-01 | 0 days | 1,522 sqft |
2018-10-01 | 0 days | 1,515 sqft |
2018-11-01 | 0 days | 1,499 sqft |
2018-12-01 | 0 days | 1,501 sqft |
2019-01-01 | 0 days | 1,487 sqft |
2019-02-01 | 0 days | 1,509 sqft |
2019-03-01 | 0 days | 1,530 sqft |
2019-04-01 | 0 days | 1,541 sqft |
2019-05-01 | 0 days | 1,582 sqft |
2019-06-01 | 0 days | 1,552 sqft |
2019-07-01 | 0 days | 1,539 sqft |
2019-08-01 | 0 days | 1,525 sqft |
2019-09-01 | 0 days | 1,511 sqft |
2019-10-01 | 0 days | 1,501 sqft |
2019-11-01 | 0 days | 1,503 sqft |
2019-12-01 | 0 days | 1,501 sqft |
2020-01-01 | 0 days | 1,474 sqft |
2020-02-01 | 0 days | 1,472 sqft |
2020-03-01 | 0 days | 1,520 sqft |
2020-04-01 | 0 days | 1,535 sqft |
2020-05-01 | 0 days | 1,560 sqft |
2020-06-01 | 0 days | 1,562 sqft |
2020-07-01 | 0 days | 1,577 sqft |
2020-08-01 | 0 days | 1,565 sqft |
2020-09-01 | 0 days | 1,544 sqft |
2020-10-01 | 0 days | 1,552 sqft |
2020-11-01 | 0 days | 1,509 sqft |
2020-12-01 | 0 days | 1,499 sqft |
2021-01-01 | 0 days | 1,502 sqft |
2021-02-01 | 0 days | 1,499 sqft |
2021-03-01 | 0 days | 1,516 sqft |
2021-04-01 | 0 days | 1,502 sqft |
2021-05-01 | 0 days | 1,486 sqft |
2021-06-01 | 0 days | 1,471 sqft |
2021-07-01 | 0 days | 1,471 sqft |
2021-08-01 | 0 days | 1,464 sqft |
2021-09-01 | 0 days | 1,457 sqft |
2021-10-01 | 0 days | 1,439 sqft |
2021-11-01 | 0 days | 1,457 sqft |
2021-12-01 | 0 days | 1,453 sqft |
2022-01-01 | 0 days | 1,471 sqft |
2022-02-01 | 0 days | 1,475 sqft |
2022-03-01 | 0 days | 1,498 sqft |
2022-04-01 | 0 days | 1,481 sqft |
2022-05-01 | 0 days | 1,487 sqft |
2022-06-01 | 0 days | 1,482 sqft |
2022-07-01 | 0 days | 1,481 sqft |
2022-08-01 | 0 days | 1,459 sqft |
2022-09-01 | 0 days | 1,457 sqft |
2022-10-01 | 0 days | 1,475 sqft |
2022-11-01 | 0 days | 1,472 sqft |
2022-12-01 | 0 days | 1,481 sqft |
2023-01-01 | 0 days | 1,468 sqft |
2023-02-01 | 0 days | 1,492 sqft |
2023-03-01 | 0 days | 1,484 sqft |
2023-04-01 | 0 days | 1,495 sqft |
2023-05-01 | 0 days | 1,500 sqft |
2023-06-01 | 0 days | 1,502 sqft |
2023-07-01 | 0 days | 1,507 sqft |
2023-08-01 | 0 days | 1,521 sqft |
2023-09-01 | 0 days | 1,533 sqft |
2023-10-01 | 0 days | 1,519 sqft |
2023-11-01 | 0 days | 1,555 sqft |
2023-12-01 | 0 days | 1,550 sqft |
2024-01-01 | 0 days | 1,545 sqft |
2024-02-01 | 0 days | 1,573 sqft |
2024-03-01 | 0 days | 1,600 sqft |
2024-04-01 | 0 days | 1,556 sqft |
2024-05-01 | 0 days | 1,605 sqft |
2024-06-01 | 0 days | 1,596 sqft |
2024-07-01 | 0 days | 1,592 sqft |
2024-08-01 | 0 days | 1,567 sqft |
2024-09-01 | 0 days | 1,582 sqft |
2024-10-01 | 0 days | 1,510 sqft |
Ames's median square footage for active listings during the 2024-10-01 period was 1,510 sqft. One year prior, the average listing was 1,519 sqft.