Champaign USDA Loan Rates, Closing Costs & Stats
CHAMPAIGN-URBANA, 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.
Champaign's 9 lenders originated 28 USDA loans during 2024. The total origination value was $3,660,000, with an average USDA loan value of $130,714.
Champaign USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Champaign
averaged
6.73%
for the week of 2025-05-23, compared to the national average (all USDA variants) of
6.433% for the same period.
Champaign's average USDA mortgage closing costs are $3,880.
The average rate for the prior week (2025-05-16) was
6.86% and
one month ago for the week of 2025-04-18, the
average rate was 6.65%.
The average rate one year ago was 6.91%.
For refis of the same type during the week of 2025-05-23, the average rate
was 6.42%.
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 | 2024 Avg. 30yFix Rate | 2024 Avg. Closing Costs |
|---|---|---|---|
| FLAT BRANCH MORTGAGE, INC. | 9 | 6.85% | $4,892 |
| BROKER SOLUTIONS, INC. | 6 | 7.25% | $5,270 |
| FIRST STATE MORTGAGE SERVICES, LLC | 3 | 6.42% | $4,323 |
| Community Mortgage Banc Corporation | 3 | 7.00% | $3,989 |
| Petefish, Skiles & Co. | 2 | 6.50% | $2,672 |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | 1 | 6.50% | $3,596 |
| Busey Bank | 1 | 6.25% | $4,410 |
| Flanagan State Bank | 1 | 6.50% | $4,331 |
| Midland States Bank | 1 | 6.50% | $7,590 |
The top Champaign USDA lender as defined by loan originations is FLAT BRANCH MORTGAGE, INC., with
9 USDA loans originated. Their average total fees are
$4,892, which is $378
lower than the next largest lender,
BROKER SOLUTIONS, INC..
The lowest fee Champaign USDA lenders (with over 10 loans originated) are
.
The lowest rate Champaign USDA lenders (with over 10 loans originated) are
.
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%) | 0.56 | 997 |
| 2018-02-01 | $156,000 (12.1%) | $206,217 (7.9%) | 0.57 | 958 |
| 2018-03-01 | $159,900 (10.5%) | $215,003 (8.9%) | 0.56 | 942 |
| 2018-04-01 | $166,175 (7.3%) | $218,451 (4.9%) | 0.56 | 967 |
| 2018-05-01 | $172,400 (12.3%) | $218,595 (4.1%) | 0.58 | 982 |
| 2018-06-01 | $169,000 (8.7%) | $214,354 (0.4%) | 0.56 | 1,050 |
| 2018-07-01 | $165,000 (3.2%) | $211,874 (-2.4%) | 0.55 | 1,081 |
| 2018-08-01 | $167,350 (4.7%) | $212,135 (-1.1%) | 0.56 | 1,104 |
| 2018-09-01 | $168,250 (5.2%) | $211,521 (-2.8%) | 0.57 | 1,081 |
| 2018-10-01 | $169,900 (6.9%) | $211,245 (-0.9%) | 0.58 | 1,058 |
| 2018-11-01 | $168,750 (8.8%) | $209,467 (1.2%) | 0.57 | 1,040 |
| 2018-12-01 | $164,900 (7.9%) | $203,131 (-0.3%) | 0.57 | 1,008 |
| 2019-01-01 | $165,000 (10.0%) | $205,241 (0.6%) | 0.57 | 930 |
| 2019-02-01 | $165,000 (5.8%) | $212,036 (2.8%) | 0.56 | 946 |
| 2019-03-01 | $171,193 (7.1%) | $220,801 (2.7%) | 0.56 | 917 |
| 2019-04-01 | $181,175 (9.0%) | $228,952 (4.8%) | 0.58 | 885 |
| 2019-05-01 | $184,475 (7.0%) | $229,677 (5.1%) | 0.58 | 920 |
| 2019-06-01 | $182,900 (8.2%) | $228,062 (6.4%) | 0.57 | 963 |
| 2019-07-01 | $178,400 (8.1%) | $223,145 (5.3%) | 0.56 | 1,019 |
| 2019-08-01 | $170,773 (2.1%) | $217,736 (2.6%) | 0.54 | 1,036 |
| 2019-09-01 | $166,682 (-0.9%) | $212,471 (0.5%) | 0.53 | 1,040 |
| 2019-10-01 | $164,705 (-3.1%) | $209,348 (-0.9%) | 0.53 | 1,041 |
| 2019-11-01 | $162,500 (-3.7%) | $208,005 (-0.7%) | 0.53 | 1,009 |
| 2019-12-01 | $155,400 (-5.8%) | $208,354 (2.6%) | 0.52 | 928 |
| 2020-01-01 | $158,900 (-3.7%) | $208,632 (1.7%) | 0.53 | 864 |
| 2020-02-01 | $174,900 (6.0%) | $222,903 (5.1%) | 0.57 | 798 |
| 2020-03-01 | $180,900 (5.7%) | $231,189 (4.7%) | 0.57 | 788 |
| 2020-04-01 | $184,850 (2.0%) | $232,582 (1.6%) | 0.58 | 752 |
| 2020-05-01 | $189,900 (2.9%) | $237,709 (3.5%) | 0.58 | 658 |
| 2020-06-01 | $189,900 (3.8%) | $239,763 (5.1%) | 0.56 | 613 |
| 2020-07-01 | $199,700 (11.9%) | $250,859 (12.4%) | 0.58 | 591 |
| 2020-08-01 | $192,000 (12.4%) | $246,258 (13.1%) | 0.55 | 538 |
| 2020-09-01 | $189,900 (13.9%) | $243,428 (14.6%) | 0.54 | 536 |
| 2020-10-01 | $177,500 (7.8%) | $236,532 (13.0%) | 0.51 | 496 |
| 2020-11-01 | $169,900 (4.6%) | $229,214 (10.2%) | 0.50 | 476 |
| 2020-12-01 | $176,049 (13.3%) | $231,047 (10.9%) | 0.52 | 427 |
| 2021-01-01 | $167,500 (5.4%) | $226,330 (8.5%) | 0.50 | 370 |
| 2021-02-01 | $161,950 (-7.4%) | $223,711 (0.4%) | 0.47 | 310 |
| 2021-03-01 | $162,675 (-10.1%) | $236,541 (2.3%) | 0.46 | 282 |
| 2021-04-01 | $169,600 (-8.3%) | $249,978 (7.5%) | 0.46 | 256 |
| 2021-05-01 | $174,900 (-7.9%) | $256,563 (7.9%) | 0.46 | 267 |
| 2021-06-01 | $184,675 (-2.8%) | $260,926 (8.8%) | 0.49 | 293 |
| 2021-07-01 | $175,000 (-12.4%) | $254,059 (1.3%) | 0.46 | 360 |
| 2021-08-01 | $169,900 (-11.5%) | $243,461 (-1.1%) | 0.45 | 373 |
| 2021-09-01 | $159,950 (-15.8%) | $246,393 (1.2%) | 0.43 | 358 |
| 2021-10-01 | $157,900 (-11.0%) | $242,596 (2.6%) | 0.42 | 376 |
| 2021-11-01 | $148,000 (-12.9%) | $247,425 (7.9%) | 0.40 | 342 |
| 2021-12-01 | $144,950 (-17.7%) | $244,768 (5.9%) | 0.39 | 290 |
| 2022-01-01 | $134,900 (-19.5%) | $244,556 (8.1%) | 0.36 | 247 |
| 2022-02-01 | $140,600 (-13.2%) | $253,029 (13.1%) | 0.37 | 220 |
| 2022-03-01 | $156,075 (-4.1%) | $245,344 (3.7%) | 0.39 | 197 |
| 2022-04-01 | $155,500 (-8.3%) | $244,318 (-2.3%) | 0.37 | 212 |
| 2022-05-01 | $165,875 (-5.2%) | $239,116 (-6.8%) | 0.38 | 241 |
| 2022-06-01 | $179,450 (-2.8%) | $252,345 (-3.3%) | 0.40 | 279 |
| 2022-07-01 | $179,900 (2.8%) | $244,483 (-3.8%) | 0.41 | 355 |
| 2022-08-01 | $182,450 (7.4%) | $242,652 (-0.3%) | 0.42 | 370 |
| 2022-09-01 | $182,450 (14.1%) | $249,318 (1.2%) | 0.43 | 364 |
| 2022-10-01 | $189,900 (20.3%) | $253,393 (4.5%) | 0.45 | 358 |
| 2022-11-01 | $194,500 (31.4%) | $249,603 (0.9%) | 0.47 | 333 |
| 2022-12-01 | $197,000 (35.9%) | $251,078 (2.6%) | 0.49 | 295 |
| 2023-01-01 | $191,150 (41.7%) | $261,065 (6.8%) | 0.47 | 251 |
| 2023-02-01 | $206,200 (46.7%) | $286,521 (13.2%) | 0.50 | 212 |
| 2023-03-01 | $239,825 (53.7%) | $316,631 (29.1%) | 0.57 | 192 |
| 2023-04-01 | $239,900 (54.3%) | $326,877 (33.8%) | 0.56 | 202 |
| 2023-05-01 | $257,500 (55.2%) | $337,575 (41.2%) | 0.58 | 197 |
| 2023-06-01 | $260,450 (45.1%) | $329,330 (30.5%) | 0.59 | 230 |
| 2023-07-01 | $269,400 (49.8%) | $336,743 (37.7%) | 0.61 | 234 |
| 2023-08-01 | $256,225 (40.4%) | $332,737 (37.1%) | 0.59 | 269 |
| 2023-09-01 | $256,000 (40.3%) | $333,015 (33.6%) | 0.60 | 309 |
| 2023-10-01 | $245,900 (29.5%) | $318,844 (25.8%) | 0.58 | 308 |
| 2023-11-01 | $239,500 (23.1%) | $307,014 (23.0%) | 0.57 | 315 |
| 2023-12-01 | $227,400 (15.4%) | $298,862 (19.0%) | 0.55 | 305 |
| 2024-01-01 | $226,912 (18.7%) | $306,427 (17.4%) | 0.55 | 271 |
| 2024-02-01 | $254,925 (23.6%) | $324,857 (13.4%) | 0.61 | 235 |
| 2024-03-01 | $270,000 (12.6%) | $349,685 (10.4%) | 0.64 | 212 |
| 2024-04-01 | $308,725 (28.7%) | $372,560 (14.0%) | 0.72 | 212 |
| 2024-05-01 | $302,400 (17.4%) | $373,525 (10.7%) | 0.69 | 240 |
| 2024-06-01 | $296,750 (13.9%) | $349,255 (6.1%) | 0.67 | 274 |
| 2024-07-01 | $294,900 (9.5%) | $358,968 (6.6%) | 0.67 | 286 |
| 2024-08-01 | $279,900 (9.2%) | $352,995 (6.1%) | 0.65 | 305 |
| 2024-09-01 | $258,450 (1.0%) | $337,181 (1.3%) | 0.61 | 325 |
| 2024-10-01 | $259,450 (5.5%) | $340,707 (6.9%) | 0.61 | 304 |
| 2024-11-01 | $265,000 (10.7%) | $339,520 (10.6%) | 0.64 | 311 |
| 2024-12-01 | $246,225 (8.3%) | $323,743 (8.3%) | 0.61 | 267 |
| 2025-01-01 | $246,400 (8.6%) | $319,674 (4.3%) | 0.62 | 238 |
| 2025-02-01 | $244,950 (-3.9%) | $314,886 (-3.1%) | 0.59 | 214 |
| 2025-03-01 | $275,000 (1.9%) | $339,080 (-3.0%) | 0.65 | 208 |
| 2025-04-01 | $263,450 (-14.7%) | $327,070 (-12.2%) | 0.61 | 221 |
Champaign's median listing price comes in at 61% of the national average.
Champaign's average listing price for 2025-04-01 was $327,070, a difference of $-45,490 (-12.2%) versus the prior year and $-12,010 versus the prior month.
For the 2025-04-01 period, Champaign had 221 MLS listings, a difference of 13 listings (6%) versus the prior month and 9 listings (4%) 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 | 111 days | 1,640 sqft |
| 2018-02-01 | 109 days | 1,641 sqft |
| 2018-03-01 | 80 days | 1,666 sqft |
| 2018-04-01 | 61 days | 1,708 sqft |
| 2018-05-01 | 64 days | 1,745 sqft |
| 2018-06-01 | 64 days | 1,749 sqft |
| 2018-07-01 | 65 days | 1,739 sqft |
| 2018-08-01 | 69 days | 1,746 sqft |
| 2018-09-01 | 73 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 | 108 days | 1,681 sqft |
| 2019-03-01 | 92 days | 1,710 sqft |
| 2019-04-01 | 71 days | 1,767 sqft |
| 2019-05-01 | 61 days | 1,779 sqft |
| 2019-06-01 | 66 days | 1,768 sqft |
| 2019-07-01 | 67 days | 1,782 sqft |
| 2019-08-01 | 69 days | 1,736 sqft |
| 2019-09-01 | 74 days | 1,715 sqft |
| 2019-10-01 | 78 days | 1,712 sqft |
| 2019-11-01 | 93 days | 1,715 sqft |
| 2019-12-01 | 105 days | 1,712 sqft |
| 2020-01-01 | 110 days | 1,700 sqft |
| 2020-02-01 | 110 days | 1,742 sqft |
| 2020-03-01 | 83 days | 1,784 sqft |
| 2020-04-01 | 77 days | 1,790 sqft |
| 2020-05-01 | 79 days | 1,780 sqft |
| 2020-06-01 | 76 days | 1,810 sqft |
| 2020-07-01 | 62 days | 1,840 sqft |
| 2020-08-01 | 58 days | 1,784 sqft |
| 2020-09-01 | 61 days | 1,776 sqft |
| 2020-10-01 | 65 days | 1,728 sqft |
| 2020-11-01 | 63 days | 1,706 sqft |
| 2020-12-01 | 74 days | 1,728 sqft |
| 2021-01-01 | 85 days | 1,639 sqft |
| 2021-02-01 | 74 days | 1,581 sqft |
| 2021-03-01 | 60 days | 1,594 sqft |
| 2021-04-01 | 49 days | 1,613 sqft |
| 2021-05-01 | 41 days | 1,653 sqft |
| 2021-06-01 | 40 days | 1,706 sqft |
| 2021-07-01 | 42 days | 1,672 sqft |
| 2021-08-01 | 45 days | 1,589 sqft |
| 2021-09-01 | 48 days | 1,549 sqft |
| 2021-10-01 | 47 days | 1,519 sqft |
| 2021-11-01 | 56 days | 1,500 sqft |
| 2021-12-01 | 63 days | 1,475 sqft |
| 2022-01-01 | 74 days | 1,445 sqft |
| 2022-02-01 | 65 days | 1,484 sqft |
| 2022-03-01 | 48 days | 1,566 sqft |
| 2022-04-01 | 39 days | 1,536 sqft |
| 2022-05-01 | 36 days | 1,533 sqft |
| 2022-06-01 | 36 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 | 52 days | 1,700 sqft |
| 2022-11-01 | 59 days | 1,713 sqft |
| 2022-12-01 | 71 days | 1,700 sqft |
| 2023-01-01 | 79 days | 1,708 sqft |
| 2023-02-01 | 71 days | 1,726 sqft |
| 2023-03-01 | 57 days | 1,843 sqft |
| 2023-04-01 | 39 days | 1,832 sqft |
| 2023-05-01 | 39 days | 1,854 sqft |
| 2023-06-01 | 42 days | 1,781 sqft |
| 2023-07-01 | 43 days | 1,798 sqft |
| 2023-08-01 | 42 days | 1,779 sqft |
| 2023-09-01 | 41 days | 1,800 sqft |
| 2023-10-01 | 48 days | 1,787 sqft |
| 2023-11-01 | 49 days | 1,782 sqft |
| 2023-12-01 | 59 days | 1,747 sqft |
| 2024-01-01 | 68 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 | 34 days | 1,891 sqft |
| 2024-06-01 | 40 days | 1,823 sqft |
| 2024-07-01 | 45 days | 1,854 sqft |
| 2024-08-01 | 45 days | 1,806 sqft |
| 2024-09-01 | 43 days | 1,777 sqft |
| 2024-10-01 | 48 days | 1,787 sqft |
| 2024-11-01 | 51 days | 1,830 sqft |
| 2024-12-01 | 63 days | 1,796 sqft |
| 2025-01-01 | 70 days | 1,784 sqft |
| 2025-02-01 | 65 days | 1,736 sqft |
| 2025-03-01 | 50 days | 1,802 sqft |
| 2025-04-01 | 39 days | 1,748 sqft |
Champaign's median square footage for active listings during the 2025-04-01 period was 1,748 sqft. One year prior, the average listing was 1,889 sqft.