Carbondale USDA Loan Rates, Closing Costs & Stats

CARBONDALE-MARION, IL

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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.

    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 6.24% for the week of 2024-12-13, compared to the national average (all USDA variants) of 6.303% for the same period.

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

    The average rate for the prior week (2024-12-06) was 6.37% and one month ago for the week of 2024-11-08, the average rate was 6.69%.

    The average rate one year ago was 6.96%.

    For refis of the same type during the week of 2024-12-13, the average rate was 6.5%.

    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
    2024-04-01 $137,975 (2.2%) $222,906 (-7.5%) 0.00 293
    2024-05-01 $147,100 (12.6%) $225,214 (-7.9%) 0.00 293
    2024-06-01 $145,500 (-4.6%) $224,956 (-14.4%) 0.00 309
    2024-07-01 $162,450 (-3.9%) $233,373 (-13.3%) 0.00 330
    2024-08-01 $180,000 (17.8%) $245,275 (-1.3%) 0.00 334
    2024-09-01 $189,475 (20.3%) $252,644 (3.2%) 0.00 317
    2024-10-01 $194,250 (29.6%) $257,691 (7.6%) 0.00 337
    2024-11-01 $190,000 (20.4%) $246,610 (3.8%) 0.00 353
    Carbondale's median listing price for 2024-11-01 was $190,000, a difference of $32,250 (20.4%) versus the prior year and $-4,250 versus the prior month.

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

    Carbondale's average listing price for 2024-11-01 was $246,610, a difference of $9,106 (3.8%) versus the prior year and $-11,081 versus the prior month.

    For the 2024-11-01 period, Carbondale had 353 MLS listings, a difference of 16 listings (5%) versus the prior month and 78 listings (28%) 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
    2024-04-01 0 days 1,599 sqft
    2024-05-01 0 days 1,672 sqft
    2024-06-01 0 days 1,639 sqft
    2024-07-01 0 days 1,674 sqft
    2024-08-01 0 days 1,664 sqft
    2024-09-01 0 days 1,676 sqft
    2024-10-01 0 days 1,685 sqft
    2024-11-01 0 days 1,680 sqft
    Carbondale's median listing age (time on market) for 2024-11-01 was 0 days.

    Carbondale's median square footage for active listings during the 2024-11-01 period was 1,680 sqft. One year prior, the average listing was 1,611 sqft.