Centralia USDA Loan Rates, Closing Costs & Stats
Centralia, 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.
Centralia's 9 lenders originated 29 USDA loans during 2023. The total origination value was $3,295,000, with an average USDA loan value of $113,621.
Centralia USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Centralia
averaged
6.82%
for the week of 2024-04-12, compared to the national average (all USDA variants) of
6.705% for the same period.
Centralia's average USDA mortgage closing costs are $3,544.
The average rate for the prior week (2024-04-05) was
6.84% and
one month ago for the week of 2024-03-08, the
average rate was 6.8%.
The average rate one year ago was 6.21%.
For refis of the same type during the week of 2024-04-12, the average rate
was 6.91%.
Centralia 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 Centralia level.
| Name | # of Loans | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
|---|---|---|---|
| Community Mortgage Banc Corporation | 14 | 6.86% | $3,932 |
| Peoples National Bank , N.A. | 4 | 6.34% | $3,596 |
| BROKER SOLUTIONS, INC. | 3 | 7.04% | $5,240 |
| GERSHMAN INVESTMENT CORP. | 2 | 6.31% | $4,505 |
| Flagstar Bank, FSB | 1 | 7.25% | $6,693 |
| FLAT BRANCH MORTGAGE, INC. | 1 | 6.50% | $3,749 |
| Midland States Bank | 1 | 7.63% | $4,524 |
| ON Q FINANCIAL, INC. | 1 | 7.13% | $3,751 |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | 1 | 7.75% | $5,537 |
The top Centralia USDA lender as defined by loan originations is Community Mortgage Banc Corporation, with
14 USDA loans originated. Their average total fees are
$3,932, which is $336
higher than the next largest lender,
Peoples National Bank , N.A..
The lowest fee Centralia USDA lenders (with over 10 loans originated) are
Community Mortgage Banc Corporation ($3,932), .
The lowest rate Centralia USDA lenders (with over 10 loans originated) are
Community Mortgage Banc Corporation (6.86%), .
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Centralia (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 | $94,750 (17.7%) | $121,480 (-0.1%) | 0.00 | 153 |
| 2018-02-01 | $95,975 (13.3%) | $128,087 (2.3%) | 0.00 | 157 |
| 2018-03-01 | $96,950 (14.2%) | $125,283 (1.2%) | 0.00 | 151 |
| 2018-04-01 | $96,450 (7.3%) | $127,023 (-0.5%) | 0.00 | 158 |
| 2018-05-01 | $103,200 (10.7%) | $136,066 (3.8%) | 0.00 | 157 |
| 2018-06-01 | $99,000 (8.4%) | $133,937 (4.2%) | 0.00 | 160 |
| 2018-07-01 | $125,475 (34.9%) | $140,347 (9.7%) | 0.00 | 164 |
| 2018-08-01 | $120,500 (45.3%) | $141,548 (19.0%) | 0.00 | 173 |
| 2018-09-01 | $119,900 (38.0%) | $143,249 (19.7%) | 0.00 | 161 |
| 2018-10-01 | $108,950 (21.2%) | $141,393 (15.8%) | 0.00 | 165 |
| 2018-11-01 | $107,900 (18.8%) | $142,181 (18.4%) | 0.00 | 160 |
| 2018-12-01 | $105,500 (14.7%) | $141,470 (19.6%) | 0.00 | 162 |
| 2019-01-01 | $109,350 (15.4%) | $141,309 (16.3%) | 0.00 | 160 |
| 2019-02-01 | $105,600 (10.0%) | $140,233 (9.5%) | 0.00 | 155 |
| 2019-03-01 | $107,743 (11.1%) | $138,848 (10.8%) | 0.00 | 153 |
| 2019-04-01 | $115,425 (19.7%) | $140,829 (10.9%) | 0.00 | 148 |
| 2019-05-01 | $122,400 (18.6%) | $145,877 (7.2%) | 0.00 | 149 |
| 2019-06-01 | $124,900 (26.2%) | $146,720 (9.5%) | 0.00 | 155 |
| 2019-07-01 | $122,925 (-2.0%) | $146,158 (4.1%) | 0.00 | 154 |
| 2019-08-01 | $123,391 (2.4%) | $146,248 (3.3%) | 0.00 | 147 |
| 2019-09-01 | $127,052 (6.0%) | $148,683 (3.8%) | 0.00 | 141 |
| 2019-10-01 | $129,493 (18.9%) | $150,612 (6.5%) | 0.00 | 140 |
| 2019-11-01 | $127,500 (18.2%) | $155,210 (9.2%) | 0.00 | 142 |
| 2019-12-01 | $129,000 (22.3%) | $158,562 (12.1%) | 0.00 | 138 |
| 2020-01-01 | $129,450 (18.4%) | $162,545 (15.0%) | 0.00 | 125 |
| 2020-02-01 | $111,950 (6.0%) | $156,693 (11.7%) | 0.00 | 122 |
| 2020-03-01 | $107,750 (0.0%) | $148,135 (6.7%) | 0.00 | 127 |
| 2020-04-01 | $104,700 (-9.3%) | $143,454 (1.9%) | 0.00 | 127 |
| 2020-05-01 | $111,950 (-8.5%) | $147,711 (1.3%) | 0.00 | 111 |
| 2020-06-01 | $119,450 (-4.4%) | $152,588 (4.0%) | 0.00 | 95 |
| 2020-07-01 | $111,750 (-9.1%) | $153,449 (5.0%) | 0.00 | 94 |
| 2020-08-01 | $119,000 (-3.6%) | $164,924 (12.8%) | 0.00 | 97 |
| 2020-09-01 | $97,700 (-23.1%) | $153,786 (3.4%) | 0.00 | 97 |
| 2020-10-01 | $92,500 (-28.6%) | $140,016 (-7.0%) | 0.00 | 104 |
| 2020-11-01 | $70,125 (-45.0%) | $129,523 (-16.6%) | 0.00 | 108 |
| 2020-12-01 | $69,950 (-45.8%) | $130,574 (-17.7%) | 0.00 | 100 |
| 2021-01-01 | $79,500 (-38.6%) | $144,185 (-11.3%) | 0.00 | 90 |
| 2021-02-01 | $83,975 (-25.0%) | $164,826 (5.2%) | 0.00 | 87 |
| 2021-03-01 | $96,975 (-10.0%) | $167,857 (13.3%) | 0.00 | 79 |
| 2021-04-01 | $87,625 (-16.3%) | $172,705 (20.4%) | 0.00 | 62 |
| 2021-05-01 | $94,900 (-15.2%) | $181,993 (23.2%) | 0.00 | 56 |
| 2021-06-01 | $124,450 (4.2%) | $211,678 (38.7%) | 0.00 | 67 |
| 2021-07-01 | $127,400 (14.0%) | $224,576 (46.4%) | 0.00 | 67 |
| 2021-08-01 | $137,400 (15.5%) | $222,839 (35.1%) | 0.00 | 73 |
| 2021-09-01 | $157,200 (60.9%) | $235,655 (53.2%) | 0.00 | 64 |
| 2021-10-01 | $154,000 (66.5%) | $244,850 (74.9%) | 0.00 | 54 |
| 2021-11-01 | $159,925 (128.1%) | $253,283 (95.6%) | 0.00 | 59 |
| 2021-12-01 | $149,900 (114.3%) | $253,388 (94.1%) | 0.00 | 58 |
| 2022-01-01 | $145,450 (83.0%) | $253,659 (75.9%) | 0.00 | 51 |
| 2022-02-01 | $149,000 (77.4%) | $279,339 (69.5%) | 0.00 | 44 |
| 2022-03-01 | $133,675 (37.8%) | $261,109 (55.6%) | 0.00 | 42 |
| 2022-04-01 | $111,950 (27.8%) | $213,922 (23.9%) | 0.00 | 53 |
| 2022-05-01 | $99,925 (5.3%) | $202,426 (11.2%) | 0.00 | 56 |
| 2022-06-01 | $107,450 (-13.7%) | $197,816 (-6.6%) | 0.00 | 67 |
| 2022-07-01 | $124,900 (-2.0%) | $197,628 (-12.0%) | 0.00 | 70 |
| 2022-08-01 | $125,925 (-8.4%) | $200,035 (-10.2%) | 0.00 | 67 |
| 2022-09-01 | $138,700 (-11.8%) | $198,546 (-15.8%) | 0.00 | 83 |
| 2022-10-01 | $139,900 (-9.2%) | $183,471 (-25.1%) | 0.00 | 81 |
| 2022-11-01 | $127,000 (-20.6%) | $176,290 (-30.4%) | 0.00 | 75 |
| 2022-12-01 | $110,000 (-26.6%) | $163,934 (-35.3%) | 0.00 | 70 |
| 2023-01-01 | $131,175 (-9.8%) | $176,574 (-30.4%) | 0.00 | 69 |
| 2023-02-01 | $127,450 (-14.5%) | $171,882 (-38.5%) | 0.00 | 79 |
| 2023-03-01 | $135,000 (1.0%) | $173,228 (-33.7%) | 0.00 | 86 |
| 2023-04-01 | $129,750 (15.9%) | $162,535 (-24.0%) | 0.00 | 84 |
| 2023-05-01 | $128,125 (28.2%) | $177,540 (-12.3%) | 0.00 | 74 |
| 2023-06-01 | $130,950 (21.9%) | $173,796 (-12.1%) | 0.00 | 71 |
| 2023-07-01 | $129,900 (4.0%) | $162,966 (-17.5%) | 0.00 | 66 |
| 2023-08-01 | $115,975 (-7.9%) | $152,662 (-23.7%) | 0.00 | 57 |
| 2023-09-01 | $112,000 (-19.3%) | $142,501 (-28.2%) | 0.00 | 64 |
| 2023-10-01 | $124,950 (-10.7%) | $139,910 (-23.7%) | 0.00 | 58 |
| 2023-11-01 | $138,250 (8.9%) | $149,097 (-15.4%) | 0.00 | 62 |
| 2023-12-01 | $135,000 (22.7%) | $143,253 (-12.6%) | 0.00 | 61 |
| 2024-01-01 | $127,200 (-3.0%) | $144,528 (-18.2%) | 0.00 | 56 |
| 2024-02-01 | $119,500 (-6.2%) | $147,306 (-14.3%) | 0.00 | 56 |
| 2024-03-01 | $129,950 (-3.7%) | $164,523 (-5.0%) | 0.00 | 50 |
Centralia's median listing price comes in at 0% of the national average.
Centralia's average listing price for 2024-03-01 was $164,523, a difference of $-8,705 (-5.0%) versus the prior year and $17,217 versus the prior month.
For the 2024-03-01 period, Centralia had 50 MLS listings, a difference of -6 listings (-11%) versus the prior month and -36 listings (-42%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Centralia (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 0 days | 1,600 sqft |
| 2018-02-01 | 0 days | 1,649 sqft |
| 2018-03-01 | 0 days | 1,634 sqft |
| 2018-04-01 | 0 days | 1,675 sqft |
| 2018-05-01 | 0 days | 1,717 sqft |
| 2018-06-01 | 0 days | 1,701 sqft |
| 2018-07-01 | 0 days | 1,753 sqft |
| 2018-08-01 | 0 days | 1,773 sqft |
| 2018-09-01 | 0 days | 1,808 sqft |
| 2018-10-01 | 0 days | 1,797 sqft |
| 2018-11-01 | 0 days | 1,821 sqft |
| 2018-12-01 | 0 days | 1,821 sqft |
| 2019-01-01 | 0 days | 1,807 sqft |
| 2019-02-01 | 0 days | 1,774 sqft |
| 2019-03-01 | 0 days | 1,722 sqft |
| 2019-04-01 | 0 days | 1,733 sqft |
| 2019-05-01 | 0 days | 1,772 sqft |
| 2019-06-01 | 0 days | 1,800 sqft |
| 2019-07-01 | 0 days | 1,736 sqft |
| 2019-08-01 | 0 days | 1,783 sqft |
| 2019-09-01 | 0 days | 1,894 sqft |
| 2019-10-01 | 0 days | 1,986 sqft |
| 2019-11-01 | 0 days | 1,864 sqft |
| 2019-12-01 | 0 days | 1,804 sqft |
| 2020-01-01 | 0 days | 1,966 sqft |
| 2020-02-01 | 0 days | 1,804 sqft |
| 2020-03-01 | 0 days | 1,731 sqft |
| 2020-04-01 | 0 days | 1,728 sqft |
| 2020-05-01 | 0 days | 1,734 sqft |
| 2020-06-01 | 0 days | 1,772 sqft |
| 2020-07-01 | 0 days | 1,711 sqft |
| 2020-08-01 | 0 days | 1,796 sqft |
| 2020-09-01 | 0 days | 1,706 sqft |
| 2020-10-01 | 0 days | 1,481 sqft |
| 2020-11-01 | 0 days | 1,434 sqft |
| 2020-12-01 | 0 days | 1,440 sqft |
| 2021-01-01 | 0 days | 1,500 sqft |
| 2021-02-01 | 0 days | 1,541 sqft |
| 2021-03-01 | 0 days | 1,591 sqft |
| 2021-04-01 | 0 days | 1,441 sqft |
| 2021-05-01 | 0 days | 1,562 sqft |
| 2021-06-01 | 0 days | 1,914 sqft |
| 2021-07-01 | 0 days | 1,848 sqft |
| 2021-08-01 | 0 days | 1,941 sqft |
| 2021-09-01 | 0 days | 1,871 sqft |
| 2021-10-01 | 0 days | 1,875 sqft |
| 2021-11-01 | 0 days | 1,947 sqft |
| 2021-12-01 | 0 days | 1,748 sqft |
| 2022-01-01 | 0 days | 1,712 sqft |
| 2022-02-01 | 0 days | 1,621 sqft |
| 2022-03-01 | 0 days | 1,510 sqft |
| 2022-04-01 | 0 days | 1,451 sqft |
| 2022-05-01 | 0 days | 1,413 sqft |
| 2022-06-01 | 0 days | 1,424 sqft |
| 2022-07-01 | 0 days | 1,482 sqft |
| 2022-08-01 | 0 days | 1,482 sqft |
| 2022-09-01 | 0 days | 1,559 sqft |
| 2022-10-01 | 0 days | 1,500 sqft |
| 2022-11-01 | 0 days | 1,420 sqft |
| 2022-12-01 | 0 days | 1,387 sqft |
| 2023-01-01 | 0 days | 1,430 sqft |
| 2023-02-01 | 0 days | 1,454 sqft |
| 2023-03-01 | 0 days | 1,569 sqft |
| 2023-04-01 | 0 days | 1,527 sqft |
| 2023-05-01 | 0 days | 1,480 sqft |
| 2023-06-01 | 0 days | 1,597 sqft |
| 2023-07-01 | 0 days | 1,560 sqft |
| 2023-08-01 | 0 days | 1,546 sqft |
| 2023-09-01 | 0 days | 1,468 sqft |
| 2023-10-01 | 0 days | 1,430 sqft |
| 2023-11-01 | 0 days | 1,500 sqft |
| 2023-12-01 | 0 days | 1,417 sqft |
| 2024-01-01 | 0 days | 1,464 sqft |
| 2024-02-01 | 0 days | 1,438 sqft |
| 2024-03-01 | 0 days | 1,478 sqft |
Centralia's median square footage for active listings during the 2024-03-01 period was 1,478 sqft. One year prior, the average listing was 1,569 sqft.