Carbondale USDA Loan Rates, Closing Costs & Stats

CARBONDALE-MARION, IL

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.

Carbondale's 22 lenders originated 70 USDA loans during 2023. The total origination value was $7,750,000, with an average USDA loan value of $110,714.

Carbondale USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Carbondale averaged 6.94% for the week of 2024-04-12, compared to the national average (all USDA variants) of 6.705% for the same period.

Carbondale's average USDA mortgage closing costs are $3,759.

The average rate for the prior week (2024-04-05) was 6.56% and one month ago for the week of 2024-03-08, the average rate was 6.52%.

The average rate one year ago was 6.13%.

For refis of the same type during the week of 2024-04-12, the average rate was 6.51%.

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

Carbondale 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 Carbondale level.

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
GUILD MORTGAGE COMPANY 17 6.59% $4,547
Flagstar Bank, FSB 8 6.83% $3,631
GUARANTEED RATE, INC. 7 6.56% $5,479
Peoples National Bank , N.A. 7 5.95% $3,676
Community Mortgage Banc Corporation 5 6.83% $3,722
GERSHMAN INVESTMENT CORP. 5 7.00% $5,662
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 3 7.08% $2,698
FirstTrust Home Loans, Inc. 2 7.50% $4,971
FIRST CENTENNIAL MORTGAGE CORPORATION 2 6.69% $5,022
Mortgage Research Center, LLC 2 6.25% $3,567
The Federal Savings Bank 1 7.13% $6,420
BROKER SOLUTIONS, INC. 1 5.99% $4,719
United Community Bank 1 5.88% $3,134
DAS Acquisition Company, LLC 1 7.13% $8,302
FAIR WAY LENDING LLC 1 7.00% $7,618
First Mid Bank & Trust 1 6.50% $3,741
FLAT BRANCH MORTGAGE, INC. 1 6.75% $3,957
Ixonia Bank 1 7.63% $7,160
Midland States Bank 1 6.13% $6,356
MUTUAL OF OMAHA MORTGAGE, INC. 1 6.75% $5,475
PREMIER MORTGAGE RESOURCES, L.L.C. 1 6.75% $4,612
Regions Bank 1 6.25% $4,009

The top Carbondale USDA lender as defined by loan originations is GUILD MORTGAGE COMPANY, with 17 USDA loans originated. Their average total fees are $4,547, which is $916 higher than the next largest lender, Flagstar Bank, FSB.

The lowest fee Carbondale USDA lenders (with over 10 loans originated) are GUILD MORTGAGE COMPANY ($4,547), .

The lowest rate Carbondale USDA lenders (with over 10 loans originated) are GUILD MORTGAGE COMPANY (6.59%), .


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Carbondale (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 $123,200 (4.0%) $156,992 (1.8%) 0.00 804
2018-02-01 $124,400 (3.7%) $160,139 (2.0%) 0.00 805
2018-03-01 $124,450 (3.8%) $157,953 (0.1%) 0.00 843
2018-04-01 $125,750 (-2.5%) $160,042 (-3.2%) 0.00 857
2018-05-01 $125,750 (-2.8%) $162,141 (-2.2%) 0.00 860
2018-06-01 $126,000 (-2.4%) $161,727 (-2.1%) 0.00 866
2018-07-01 $124,900 (-3.9%) $160,050 (-3.8%) 0.00 868
2018-08-01 $123,250 (-5.1%) $157,140 (-5.1%) 0.00 868
2018-09-01 $124,500 (-4.2%) $158,124 (-4.7%) 0.00 879
2018-10-01 $119,950 (-7.7%) $156,407 (-5.2%) 0.00 875
2018-11-01 $119,700 (-7.5%) $154,555 (-5.2%) 0.00 849
2018-12-01 $119,900 (-3.3%) $153,953 (-2.8%) 0.00 823
2019-01-01 $116,100 (-5.8%) $152,044 (-3.2%) 0.00 783
2019-02-01 $116,750 (-6.2%) $152,233 (-4.9%) 0.00 772
2019-03-01 $119,143 (-4.3%) $155,624 (-1.5%) 0.00 768
2019-04-01 $119,900 (-4.7%) $157,857 (-1.4%) 0.00 773
2019-05-01 $119,700 (-4.8%) $159,023 (-1.9%) 0.00 793
2019-06-01 $119,900 (-4.8%) $157,188 (-2.8%) 0.00 811
2019-07-01 $119,961 (-4.0%) $155,936 (-2.6%) 0.00 838
2019-08-01 $119,927 (-2.7%) $154,351 (-1.8%) 0.00 828
2019-09-01 $119,968 (-3.6%) $153,264 (-3.1%) 0.00 819
2019-10-01 $121,500 (1.3%) $152,756 (-2.3%) 0.00 809
2019-11-01 $124,900 (4.3%) $152,525 (-1.3%) 0.00 783
2019-12-01 $118,950 (-0.8%) $148,368 (-3.6%) 0.00 744
2020-01-01 $115,250 (-0.7%) $149,076 (-2.0%) 0.00 703
2020-02-01 $117,400 (0.6%) $148,284 (-2.6%) 0.00 719
2020-03-01 $118,950 (-0.2%) $152,852 (-1.8%) 0.00 718
2020-04-01 $118,200 (-1.4%) $150,218 (-4.8%) 0.00 711
2020-05-01 $119,900 (0.2%) $154,721 (-2.7%) 0.00 672
2020-06-01 $116,725 (-2.7%) $148,199 (-5.7%) 0.00 624
2020-07-01 $119,250 (-0.6%) $152,145 (-2.4%) 0.00 567
2020-08-01 $114,900 (-4.2%) $150,892 (-2.2%) 0.00 543
2020-09-01 $114,700 (-4.4%) $155,961 (1.8%) 0.00 517
2020-10-01 $115,000 (-5.4%) $156,797 (2.7%) 0.00 478
2020-11-01 $116,575 (-6.7%) $155,591 (2.0%) 0.00 451
2020-12-01 $110,975 (-6.7%) $152,755 (3.0%) 0.00 431
2021-01-01 $110,000 (-4.6%) $155,848 (4.5%) 0.00 392
2021-02-01 $107,338 (-8.6%) $160,548 (8.3%) 0.00 321
2021-03-01 $116,300 (-2.2%) $167,891 (9.8%) 0.00 297
2021-04-01 $119,438 (1.1%) $176,612 (17.6%) 0.00 273
2021-05-01 $114,900 (-4.2%) $173,943 (12.4%) 0.00 274
2021-06-01 $115,600 (-1.0%) $181,918 (22.8%) 0.00 280
2021-07-01 $109,950 (-7.8%) $179,621 (18.1%) 0.00 291
2021-08-01 $102,650 (-10.7%) $183,159 (21.4%) 0.00 282
2021-09-01 $111,950 (-2.4%) $194,770 (24.9%) 0.00 299
2021-10-01 $117,500 (2.2%) $205,965 (31.4%) 0.00 293
2021-11-01 $93,000 (-20.2%) $200,383 (28.8%) 0.00 280
2021-12-01 $99,250 (-10.6%) $191,241 (25.2%) 0.00 291
2022-01-01 $91,000 (-17.3%) $176,813 (13.5%) 0.00 290
2022-02-01 $74,900 (-30.2%) $161,139 (0.4%) 0.00 314
2022-03-01 $95,625 (-17.8%) $193,472 (15.2%) 0.00 229
2022-04-01 $119,900 (0.4%) $221,434 (25.4%) 0.00 225
2022-05-01 $122,475 (6.6%) $226,793 (30.4%) 0.00 227
2022-06-01 $124,450 (7.7%) $222,220 (22.2%) 0.00 246
2022-07-01 $131,450 (19.6%) $218,733 (21.8%) 0.00 286
2022-08-01 $129,600 (26.3%) $210,562 (15.0%) 0.00 301
2022-09-01 $129,900 (16.0%) $214,514 (10.1%) 0.00 294
2022-10-01 $124,900 (6.3%) $196,136 (-4.8%) 0.00 315
2022-11-01 $125,875 (35.4%) $201,447 (0.5%) 0.00 332
2022-12-01 $123,000 (23.9%) $208,841 (9.2%) 0.00 302
2023-01-01 $129,600 (42.4%) $215,286 (21.8%) 0.00 283
2023-02-01 $129,900 (73.4%) $224,804 (39.5%) 0.00 240
2023-03-01 $129,925 (35.9%) $227,854 (17.8%) 0.00 216
2023-04-01 $135,000 (12.6%) $241,054 (8.9%) 0.00 218
2023-05-01 $130,700 (6.7%) $244,516 (7.8%) 0.00 224
2023-06-01 $152,450 (22.5%) $262,759 (18.2%) 0.00 225
2023-07-01 $169,000 (28.6%) $269,247 (23.1%) 0.00 241
2023-08-01 $152,825 (17.9%) $248,580 (18.1%) 0.00 253
2023-09-01 $157,500 (21.3%) $244,725 (14.1%) 0.00 273
2023-10-01 $149,900 (20.0%) $239,489 (22.1%) 0.00 277
2023-11-01 $157,750 (25.3%) $237,504 (17.9%) 0.00 275
2023-12-01 $148,000 (20.3%) $222,529 (6.6%) 0.00 276
2024-01-01 $139,000 (7.3%) $217,630 (1.1%) 0.00 276
2024-02-01 $137,750 (6.0%) $216,800 (-3.6%) 0.00 295
2024-03-01 $132,450 (1.9%) $216,537 (-5.0%) 0.00 281
Carbondale's median listing price for 2024-03-01 was $132,450, a difference of $2,525 (1.9%) versus the prior year and $-5,300 versus the prior month.

Carbondale's median listing price comes in at 0% of the national average.

Carbondale's average listing price for 2024-03-01 was $216,537, a difference of $-11,317 (-5.0%) versus the prior year and $-263 versus the prior month.

For the 2024-03-01 period, Carbondale had 281 MLS listings, a difference of -14 listings (-5%) versus the prior month and 65 listings (30%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Carbondale (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,696 sqft
2018-02-01 0 days 1,690 sqft
2018-03-01 0 days 1,700 sqft
2018-04-01 0 days 1,717 sqft
2018-05-01 0 days 1,728 sqft
2018-06-01 0 days 1,728 sqft
2018-07-01 0 days 1,700 sqft
2018-08-01 0 days 1,677 sqft
2018-09-01 0 days 1,700 sqft
2018-10-01 0 days 1,683 sqft
2018-11-01 0 days 1,699 sqft
2018-12-01 0 days 1,673 sqft
2019-01-01 0 days 1,651 sqft
2019-02-01 0 days 1,632 sqft
2019-03-01 0 days 1,653 sqft
2019-04-01 0 days 1,680 sqft
2019-05-01 0 days 1,685 sqft
2019-06-01 0 days 1,664 sqft
2019-07-01 0 days 1,667 sqft
2019-08-01 0 days 1,642 sqft
2019-09-01 0 days 1,630 sqft
2019-10-01 0 days 1,621 sqft
2019-11-01 0 days 1,617 sqft
2019-12-01 0 days 1,600 sqft
2020-01-01 0 days 1,599 sqft
2020-02-01 0 days 1,570 sqft
2020-03-01 0 days 1,600 sqft
2020-04-01 0 days 1,594 sqft
2020-05-01 0 days 1,600 sqft
2020-06-01 0 days 1,591 sqft
2020-07-01 0 days 1,603 sqft
2020-08-01 0 days 1,540 sqft
2020-09-01 0 days 1,557 sqft
2020-10-01 0 days 1,550 sqft
2020-11-01 0 days 1,565 sqft
2020-12-01 0 days 1,500 sqft
2021-01-01 0 days 1,498 sqft
2021-02-01 0 days 1,491 sqft
2021-03-01 0 days 1,501 sqft
2021-04-01 0 days 1,548 sqft
2021-05-01 0 days 1,550 sqft
2021-06-01 0 days 1,559 sqft
2021-07-01 0 days 1,509 sqft
2021-08-01 0 days 1,517 sqft
2021-09-01 0 days 1,503 sqft
2021-10-01 0 days 1,545 sqft
2021-11-01 0 days 1,413 sqft
2021-12-01 0 days 1,418 sqft
2022-01-01 0 days 1,402 sqft
2022-02-01 0 days 1,263 sqft
2022-03-01 0 days 1,360 sqft
2022-04-01 0 days 1,524 sqft
2022-05-01 0 days 1,500 sqft
2022-06-01 0 days 1,482 sqft
2022-07-01 0 days 1,568 sqft
2022-08-01 0 days 1,570 sqft
2022-09-01 0 days 1,551 sqft
2022-10-01 0 days 1,520 sqft
2022-11-01 0 days 1,544 sqft
2022-12-01 0 days 1,522 sqft
2023-01-01 0 days 1,546 sqft
2023-02-01 0 days 1,536 sqft
2023-03-01 0 days 1,536 sqft
2023-04-01 0 days 1,555 sqft
2023-05-01 0 days 1,578 sqft
2023-06-01 0 days 1,626 sqft
2023-07-01 0 days 1,656 sqft
2023-08-01 0 days 1,670 sqft
2023-09-01 0 days 1,640 sqft
2023-10-01 0 days 1,626 sqft
2023-11-01 0 days 1,611 sqft
2023-12-01 0 days 1,588 sqft
2024-01-01 0 days 1,588 sqft
2024-02-01 0 days 1,592 sqft
2024-03-01 0 days 1,608 sqft
Carbondale's median listing age (time on market) for 2024-03-01 was 0 days.

Carbondale's median square footage for active listings during the 2024-03-01 period was 1,608 sqft. One year prior, the average listing was 1,536 sqft.