Centralia USDA Loan Rates, Closing Costs & Stats

Centralia, IL

  • JUMP TO:
  • Trends
  • Rates vs Fees
  • Top Lenders
  • Markets
  • Market Conditions & Pricing
  • Time on Market/Property Size

    • 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 6.22% for the week of 2024-12-13, compared to the national average (all USDA variants) of 6.303% for the same period.

    Centralia's average USDA mortgage closing costs are $3,544.

    The average rate for the prior week (2024-12-06) was 6.45% and one month ago for the week of 2024-11-08, the average rate was 6.57%.

    The average rate one year ago was 6.94%.

    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.

    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
    2024-04-01 $114,250 (-12.0%) $152,158 (-6.4%) 0.00 40
    2024-05-01 $115,000 (-10.2%) $152,726 (-14.0%) 0.00 54
    2024-06-01 $126,000 (-3.8%) $163,566 (-5.9%) 0.00 65
    2024-07-01 $131,250 (1.0%) $181,660 (11.5%) 0.00 62
    2024-08-01 $169,000 (45.7%) $192,384 (26.0%) 0.00 71
    2024-09-01 $133,475 (19.2%) $171,205 (20.1%) 0.00 72
    2024-10-01 $148,950 (19.2%) $195,648 (39.8%) 0.00 73
    2024-11-01 $149,900 (8.4%) $191,637 (28.5%) 0.00 77
    Centralia's median listing price for 2024-11-01 was $149,900, a difference of $11,650 (8.4%) versus the prior year and $950 versus the prior month.

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

    Centralia's average listing price for 2024-11-01 was $191,637, a difference of $42,540 (28.5%) versus the prior year and $-4,011 versus the prior month.

    For the 2024-11-01 period, Centralia had 77 MLS listings, a difference of 4 listings (5%) versus the prior month and 15 listings (24%) 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
    2024-04-01 0 days 1,399 sqft
    2024-05-01 0 days 1,496 sqft
    2024-06-01 0 days 1,532 sqft
    2024-07-01 0 days 1,606 sqft
    2024-08-01 0 days 1,668 sqft
    2024-09-01 0 days 1,545 sqft
    2024-10-01 0 days 1,636 sqft
    2024-11-01 0 days 1,624 sqft
    Centralia's median listing age (time on market) for 2024-11-01 was 0 days.

    Centralia's median square footage for active listings during the 2024-11-01 period was 1,624 sqft. One year prior, the average listing was 1,500 sqft.