Champaign USDA Loan Rates, Closing Costs & Stats

CHAMPAIGN-URBANA, 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.

    Champaign's 11 lenders originated 22 USDA loans during 2023. The total origination value was $3,040,000, with an average USDA loan value of $138,182.

    Champaign USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Champaign averaged 6.46% for the week of 2025-02-14, compared to the national average (all USDA variants) of 6.526% for the same period.

    Champaign's average USDA mortgage closing costs are $3,829.

    The average rate for the prior week (2025-02-07) was 6.52% and one month ago for the week of 2025-01-10, the average rate was 6.46%.

    The average rate one year ago was 6.25%.

    For refis of the same type during the week of 2025-02-14, the average rate was 6.53%.

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

    Champaign 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 Champaign level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    FLAT BRANCH MORTGAGE, INC. 10 7.13% $4,945
    Busey Bank 2 6.38% $5,169
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 6.25% $6,141
    First Mid Bank & Trust 1 5.50% $3,767
    FIRST STATE MORTGAGE SERVICES, LLC 1 6.13% $4,893
    Flagstar Bank, FSB 1 7.22% $3,913
    Marine Bank 1 5.88% $3,900
    Petefish, Skiles & Co. 1 7.13% $2,979
    AXIA FINANCIAL, LLC 1 6.75% $3,817
    ROSS MORTGAGE CORPORATION 1 6.88% $5,512
    BROKER SOLUTIONS, INC. 1 6.10% $3,968

    The top Champaign USDA lender as defined by loan originations is FLAT BRANCH MORTGAGE, INC., with 10 USDA loans originated. Their average total fees are $4,945, which is $224 lower than the next largest lender, Busey Bank.

    The lowest fee Champaign USDA lenders (with over 10 loans originated) are FLAT BRANCH MORTGAGE, INC. ($4,945), .

    The lowest rate Champaign USDA lenders (with over 10 loans originated) are FLAT BRANCH MORTGAGE, INC. (7.13%), .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Champaign (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 $149,950 (7.2%) $203,956 (8.8%) 0.60 997
    2018-02-01 $156,000 (12.1%) $206,217 (7.9%) 0.62 958
    2018-03-01 $159,900 (10.5%) $215,003 (8.9%) 0.63 942
    2018-04-01 $166,175 (7.3%) $218,451 (4.9%) 0.62 967
    2018-05-01 $172,400 (12.3%) $218,595 (4.1%) 0.63 982
    2018-06-01 $169,000 (8.7%) $214,354 (0.4%) 0.60 1,050
    2018-07-01 $165,000 (3.2%) $211,874 (-2.4%) 0.58 1,081
    2018-08-01 $167,350 (4.7%) $212,135 (-1.1%) 0.59 1,104
    2018-09-01 $168,250 (5.2%) $211,521 (-2.8%) 0.59 1,081
    2018-10-01 $169,900 (6.9%) $211,245 (-0.9%) 0.61 1,058
    2018-11-01 $168,750 (8.8%) $209,467 (1.2%) 0.61 1,040
    2018-12-01 $164,900 (7.9%) $203,131 (-0.3%) 0.60 1,008
    2019-01-01 $165,000 (10.0%) $205,241 (0.6%) 0.61 930
    2019-02-01 $165,000 (5.8%) $212,036 (2.8%) 0.60 946
    2019-03-01 $171,193 (7.1%) $220,801 (2.7%) 0.62 917
    2019-04-01 $181,175 (9.0%) $228,952 (4.8%) 0.65 885
    2019-05-01 $184,475 (7.0%) $229,677 (5.1%) 0.62 920
    2019-06-01 $182,900 (8.2%) $228,062 (6.4%) 0.61 963
    2019-07-01 $178,400 (8.1%) $223,145 (5.3%) 0.60 1,019
    2019-08-01 $170,773 (2.1%) $217,736 (2.6%) 0.58 1,036
    2019-09-01 $166,682 (-0.9%) $212,471 (0.5%) 0.57 1,040
    2019-10-01 $164,705 (-3.1%) $209,348 (-0.9%) 0.57 1,041
    2019-11-01 $162,500 (-3.7%) $208,005 (-0.7%) 0.57 1,009
    2019-12-01 $155,400 (-5.8%) $208,354 (2.6%) 0.57 928
    2020-01-01 $158,900 (-3.7%) $208,632 (1.7%) 0.58 864
    2020-02-01 $174,900 (6.0%) $222,903 (5.1%) 0.61 798
    2020-03-01 $180,900 (5.7%) $231,189 (4.7%) 0.61 788
    2020-04-01 $184,850 (2.0%) $232,582 (1.6%) 0.62 752
    2020-05-01 $189,900 (2.9%) $237,709 (3.5%) 0.64 658
    2020-06-01 $189,900 (3.8%) $239,763 (5.1%) 0.60 613
    2020-07-01 $199,700 (11.9%) $250,859 (12.4%) 0.65 591
    2020-08-01 $192,000 (12.4%) $246,258 (13.1%) 0.62 538
    2020-09-01 $189,900 (13.9%) $243,428 (14.6%) 0.61 536
    2020-10-01 $177,500 (7.8%) $236,532 (13.0%) 0.55 496
    2020-11-01 $169,900 (4.6%) $229,214 (10.2%) 0.54 476
    2020-12-01 $176,049 (13.3%) $231,047 (10.9%) 0.57 427
    2021-01-01 $167,500 (5.4%) $226,330 (8.5%) 0.57 370
    2021-02-01 $161,950 (-7.4%) $223,711 (0.4%) 0.52 310
    2021-03-01 $162,675 (-10.1%) $236,541 (2.3%) 0.51 282
    2021-04-01 $169,600 (-8.3%) $249,978 (7.5%) 0.50 256
    2021-05-01 $174,900 (-7.9%) $256,563 (7.9%) 0.49 267
    2021-06-01 $184,675 (-2.8%) $260,926 (8.8%) 0.51 293
    2021-07-01 $175,000 (-12.4%) $254,059 (1.3%) 0.49 360
    2021-08-01 $169,900 (-11.5%) $243,461 (-1.1%) 0.47 373
    2021-09-01 $159,950 (-15.8%) $246,393 (1.2%) 0.44 358
    2021-10-01 $157,900 (-11.0%) $242,596 (2.6%) 0.43 376
    2021-11-01 $148,000 (-12.9%) $247,425 (7.9%) 0.41 342
    2021-12-01 $144,950 (-17.7%) $244,768 (5.9%) 0.41 290
    2022-01-01 $134,900 (-19.5%) $244,556 (8.1%) 0.38 247
    2022-02-01 $140,600 (-13.2%) $253,029 (13.1%) 0.40 220
    2022-03-01 $156,075 (-4.1%) $245,344 (3.7%) 0.42 197
    2022-04-01 $155,500 (-8.3%) $244,318 (-2.3%) 0.39 212
    2022-05-01 $165,875 (-5.2%) $239,116 (-6.8%) 0.40 241
    2022-06-01 $179,450 (-2.8%) $252,345 (-3.3%) 0.41 279
    2022-07-01 $179,900 (2.8%) $244,483 (-3.8%) 0.42 355
    2022-08-01 $182,450 (7.4%) $242,652 (-0.3%) 0.44 370
    2022-09-01 $182,450 (14.1%) $249,318 (1.2%) 0.47 364
    2022-10-01 $189,900 (20.3%) $253,393 (4.5%) 0.47 358
    2022-11-01 $194,500 (31.4%) $249,603 (0.9%) 0.49 333
    2022-12-01 $197,000 (35.9%) $251,078 (2.6%) 0.50 295
    2023-01-01 $191,150 (41.7%) $261,065 (6.8%) 0.51 251
    2023-02-01 $206,200 (46.7%) $286,521 (13.2%) 0.54 212
    2023-03-01 $239,825 (53.7%) $316,631 (29.1%) 0.61 192
    2023-04-01 $239,900 (54.3%) $326,877 (33.8%) 0.64 202
    2023-05-01 $257,500 (55.2%) $337,575 (41.2%) 0.67 197
    2023-06-01 $260,450 (45.1%) $329,330 (30.5%) 0.63 230
    2023-07-01 $269,400 (49.8%) $336,743 (37.7%) 0.65 234
    2023-08-01 $256,225 (40.4%) $332,737 (37.1%) 0.64 269
    2023-09-01 $256,000 (40.3%) $333,015 (33.6%) 0.64 309
    2023-10-01 $245,900 (29.5%) $318,844 (25.8%) 0.60 308
    2023-11-01 $239,500 (23.1%) $307,014 (23.0%) 0.59 315
    2023-12-01 $227,400 (15.4%) $298,862 (19.0%) 0.58 305
    2024-01-01 $226,912 (18.7%) $306,427 (17.4%) 0.59 271
    2024-02-01 $254,925 (23.6%) $324,857 (13.4%) 0.67 235
    2024-03-01 $270,000 (12.6%) $349,685 (10.4%) 0.69 212
    2024-04-01 $308,725 (28.7%) $372,560 (14.0%) 0.76 212
    2024-05-01 $302,400 (17.4%) $373,525 (10.7%) 0.75 240
    2024-06-01 $296,750 (13.9%) $349,255 (6.1%) 0.73 274
    2024-07-01 $294,900 (9.5%) $358,968 (6.6%) 0.70 286
    2024-08-01 $279,900 (9.2%) $352,995 (6.1%) 0.66 305
    2024-09-01 $258,450 (1.0%) $337,181 (1.3%) 0.62 325
    2024-10-01 $259,450 (5.5%) $340,707 (6.9%) 0.64 304
    2024-11-01 $265,000 (10.7%) $339,520 (10.6%) 0.67 311
    2024-12-01 $246,225 (8.3%) $323,743 (8.3%) 0.63 267
    2025-01-01 $246,400 (8.6%) $319,674 (4.3%) 0.00 238
    Champaign's median listing price for 2025-01-01 was $246,400, a difference of $19,488 (8.6%) versus the prior year and $175 versus the prior month.

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

    Champaign's average listing price for 2025-01-01 was $319,674, a difference of $13,247 (4.3%) versus the prior year and $-4,069 versus the prior month.

    For the 2025-01-01 period, Champaign had 238 MLS listings, a difference of -29 listings (-11%) versus the prior month and -33 listings (-12%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Champaign (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 109 days 1,640 sqft
    2018-02-01 108 days 1,641 sqft
    2018-03-01 78 days 1,666 sqft
    2018-04-01 59 days 1,708 sqft
    2018-05-01 61 days 1,745 sqft
    2018-06-01 62 days 1,749 sqft
    2018-07-01 65 days 1,739 sqft
    2018-08-01 68 days 1,746 sqft
    2018-09-01 72 days 1,737 sqft
    2018-10-01 80 days 1,740 sqft
    2018-11-01 88 days 1,728 sqft
    2018-12-01 100 days 1,708 sqft
    2019-01-01 113 days 1,672 sqft
    2019-02-01 107 days 1,681 sqft
    2019-03-01 90 days 1,710 sqft
    2019-04-01 67 days 1,767 sqft
    2019-05-01 59 days 1,779 sqft
    2019-06-01 65 days 1,768 sqft
    2019-07-01 67 days 1,782 sqft
    2019-08-01 68 days 1,736 sqft
    2019-09-01 72 days 1,715 sqft
    2019-10-01 77 days 1,712 sqft
    2019-11-01 92 days 1,715 sqft
    2019-12-01 104 days 1,712 sqft
    2020-01-01 110 days 1,700 sqft
    2020-02-01 113 days 1,742 sqft
    2020-03-01 75 days 1,784 sqft
    2020-04-01 74 days 1,790 sqft
    2020-05-01 78 days 1,780 sqft
    2020-06-01 74 days 1,810 sqft
    2020-07-01 61 days 1,840 sqft
    2020-08-01 58 days 1,784 sqft
    2020-09-01 61 days 1,776 sqft
    2020-10-01 64 days 1,728 sqft
    2020-11-01 60 days 1,706 sqft
    2020-12-01 72 days 1,728 sqft
    2021-01-01 78 days 1,639 sqft
    2021-02-01 68 days 1,581 sqft
    2021-03-01 58 days 1,594 sqft
    2021-04-01 47 days 1,613 sqft
    2021-05-01 41 days 1,653 sqft
    2021-06-01 41 days 1,706 sqft
    2021-07-01 43 days 1,672 sqft
    2021-08-01 45 days 1,589 sqft
    2021-09-01 46 days 1,549 sqft
    2021-10-01 46 days 1,519 sqft
    2021-11-01 57 days 1,500 sqft
    2021-12-01 64 days 1,475 sqft
    2022-01-01 74 days 1,445 sqft
    2022-02-01 62 days 1,484 sqft
    2022-03-01 43 days 1,566 sqft
    2022-04-01 38 days 1,536 sqft
    2022-05-01 34 days 1,533 sqft
    2022-06-01 35 days 1,613 sqft
    2022-07-01 37 days 1,623 sqft
    2022-08-01 40 days 1,653 sqft
    2022-09-01 48 days 1,698 sqft
    2022-10-01 51 days 1,700 sqft
    2022-11-01 59 days 1,713 sqft
    2022-12-01 71 days 1,700 sqft
    2023-01-01 77 days 1,708 sqft
    2023-02-01 68 days 1,726 sqft
    2023-03-01 55 days 1,843 sqft
    2023-04-01 38 days 1,832 sqft
    2023-05-01 39 days 1,854 sqft
    2023-06-01 43 days 1,781 sqft
    2023-07-01 43 days 1,798 sqft
    2023-08-01 44 days 1,779 sqft
    2023-09-01 44 days 1,800 sqft
    2023-10-01 48 days 1,787 sqft
    2023-11-01 50 days 1,782 sqft
    2023-12-01 57 days 1,747 sqft
    2024-01-01 67 days 1,728 sqft
    2024-02-01 58 days 1,769 sqft
    2024-03-01 46 days 1,788 sqft
    2024-04-01 40 days 1,889 sqft
    2024-05-01 30 days 1,891 sqft
    2024-06-01 37 days 1,823 sqft
    2024-07-01 43 days 1,854 sqft
    2024-08-01 46 days 1,806 sqft
    2024-09-01 44 days 1,777 sqft
    2024-10-01 50 days 1,787 sqft
    2024-11-01 51 days 1,830 sqft
    2024-12-01 66 days 1,796 sqft
    2025-01-01 0 days 1,784 sqft
    Champaign's median listing age (time on market) for 2025-01-01 was 0 days. This is -100% shorter than the same period one year ago.

    Champaign's median square footage for active listings during the 2025-01-01 period was 1,784 sqft. One year prior, the average listing was 1,728 sqft.