Charleston USDA Loan Rates, Closing Costs & Stats

Charleston-Mattoon, 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.

    Charleston's 14 lenders originated 40 USDA loans during 2023. The total origination value was $4,270,000, with an average USDA loan value of $106,750.

    Charleston USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Charleston averaged 6.09% for the week of 2024-12-13, compared to the national average (all USDA variants) of 6.303% for the same period.

    Charleston's average USDA mortgage closing costs are $3,427.

    The average rate for the prior week (2024-12-06) was 6.42% and one month ago for the week of 2024-11-08, the average rate was 6.64%.

    The average rate one year ago was 6.91%.

    For refis of the same type during the week of 2024-12-13, the average rate was 6.3%.

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

    Charleston 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 Charleston level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    FLAT BRANCH MORTGAGE, INC. 10 7.11% $3,961
    Community Mortgage Banc Corporation 10 6.59% $3,605
    First Mid Bank & Trust 4 6.53% $4,002
    Mortgage Research Center, LLC 2 6.94% $3,581
    ON Q FINANCIAL, INC. 2 6.88% $5,213
    Midland States Bank 2 6.19% $5,377
    OPEN MORTGAGE, LLC 1 6.50% $7,179
    BROKER SOLUTIONS, INC. 1 7.63% $4,010
    Petefish, Skiles & Co. 1 7.13% $2,743
    CROSSCOUNTRY MORTGAGE, LLC 1 7.13% $3,529
    Equity Prime Mortgage LLC 1 7.25% $4,594
    Heartland Bank and Trust Company 1 6.88% $3,117
    MOVEMENT MORTGAGE, LLC 1 5.63% $12,395
    Network Funding, L.P. 1 6.50% $5,673

    The top Charleston USDA lender as defined by loan originations is FLAT BRANCH MORTGAGE, INC., with 10 USDA loans originated. Their average total fees are $3,961, which is $357 higher than the next largest lender, Community Mortgage Banc Corporation.

    The lowest fee Charleston USDA lenders (with over 10 loans originated) are Community Mortgage Banc Corporation ($3,605), FLAT BRANCH MORTGAGE, INC. ($3,961), .

    The lowest rate Charleston USDA lenders (with over 10 loans originated) are Community Mortgage Banc Corporation (6.59%), FLAT BRANCH MORTGAGE, INC. (7.11%), .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Charleston (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 $79,900 (-4.0%) $116,730 (4.9%) 0.00 234
    2018-02-01 $79,700 (-8.2%) $113,958 (-1.6%) 0.00 247
    2018-03-01 $84,750 (-4.6%) $119,623 (1.5%) 0.00 265
    2018-04-01 $89,575 (1.2%) $124,121 (6.5%) 0.00 269
    2018-05-01 $94,000 (14.3%) $132,751 (14.5%) 0.00 280
    2018-06-01 $99,500 (19.4%) $132,983 (12.4%) 0.00 307
    2018-07-01 $94,925 (11.8%) $129,396 (4.5%) 0.00 321
    2018-08-01 $94,575 (9.1%) $129,825 (1.5%) 0.00 330
    2018-09-01 $89,900 (5.8%) $125,735 (0.2%) 0.00 328
    2018-10-01 $89,600 (9.1%) $124,384 (3.7%) 0.00 312
    2018-11-01 $89,900 (6.4%) $125,584 (3.6%) 0.00 303
    2018-12-01 $89,500 (11.9%) $123,326 (2.6%) 0.00 292
    2019-01-01 $89,250 (11.7%) $122,725 (5.1%) 0.00 291
    2019-02-01 $89,800 (12.7%) $124,599 (9.3%) 0.00 295
    2019-03-01 $89,729 (5.9%) $124,136 (3.8%) 0.00 278
    2019-04-01 $89,729 (0.2%) $122,482 (-1.3%) 0.00 261
    2019-05-01 $97,125 (3.3%) $128,486 (-3.2%) 0.00 254
    2019-06-01 $99,200 (-0.3%) $127,260 (-4.3%) 0.00 265
    2019-07-01 $100,950 (6.4%) $124,936 (-3.5%) 0.00 317
    2019-08-01 $103,227 (9.2%) $122,327 (-5.8%) 0.00 316
    2019-09-01 $105,068 (16.9%) $121,774 (-3.2%) 0.00 309
    2019-10-01 $106,295 (18.6%) $121,405 (-2.4%) 0.00 299
    2019-11-01 $98,700 (9.8%) $119,704 (-4.7%) 0.00 283
    2019-12-01 $89,900 (0.5%) $126,545 (2.6%) 0.00 268
    2020-01-01 $89,500 (0.3%) $127,790 (4.1%) 0.00 246
    2020-02-01 $89,625 (-0.2%) $127,090 (2.0%) 0.00 231
    2020-03-01 $101,250 (12.8%) $133,145 (7.3%) 0.00 220
    2020-04-01 $100,500 (12.0%) $135,376 (10.5%) 0.00 212
    2020-05-01 $94,900 (-2.3%) $134,823 (4.9%) 0.00 197
    2020-06-01 $95,975 (-3.3%) $134,386 (5.6%) 0.00 189
    2020-07-01 $93,000 (-7.9%) $121,199 (-3.0%) 0.00 189
    2020-08-01 $93,000 (-9.9%) $116,824 (-4.5%) 0.00 177
    2020-09-01 $89,500 (-14.8%) $110,969 (-8.9%) 0.00 156
    2020-10-01 $88,700 (-16.6%) $112,555 (-7.3%) 0.00 157
    2020-11-01 $85,350 (-13.5%) $106,797 (-10.8%) 0.00 161
    2020-12-01 $84,900 (-5.6%) $104,626 (-17.3%) 0.00 136
    2021-01-01 $81,500 (-8.9%) $104,053 (-18.6%) 0.00 127
    2021-02-01 $84,900 (-5.3%) $108,751 (-14.4%) 0.00 106
    2021-03-01 $84,925 (-16.1%) $117,430 (-11.8%) 0.00 100
    2021-04-01 $87,250 (-13.2%) $122,823 (-9.3%) 0.00 89
    2021-05-01 $80,000 (-15.7%) $122,839 (-8.9%) 0.00 74
    2021-06-01 $83,950 (-12.5%) $125,676 (-6.5%) 0.00 79
    2021-07-01 $84,950 (-8.7%) $126,770 (4.6%) 0.00 85
    2021-08-01 $81,750 (-12.1%) $118,604 (1.5%) 0.00 96
    2021-09-01 $81,000 (-9.5%) $120,091 (8.2%) 0.00 85
    2021-10-01 $85,000 (-4.2%) $142,176 (26.3%) 0.00 96
    2021-11-01 $85,000 (-0.4%) $143,057 (34.0%) 0.00 107
    2021-12-01 $85,700 (0.9%) $144,580 (38.2%) 0.00 87
    2022-01-01 $82,500 (1.2%) $136,371 (31.1%) 0.00 76
    2022-02-01 $77,425 (-8.8%) $127,170 (16.9%) 0.00 77
    2022-03-01 $73,175 (-13.8%) $135,500 (15.4%) 0.00 75
    2022-04-01 $79,900 (-8.4%) $144,175 (17.4%) 0.00 68
    2022-05-01 $86,675 (8.3%) $158,800 (29.3%) 0.00 69
    2022-06-01 $79,400 (-5.4%) $154,014 (22.6%) 0.00 61
    2022-07-01 $87,900 (3.5%) $145,207 (14.5%) 0.00 70
    2022-08-01 $88,450 (8.2%) $164,860 (39.0%) 0.00 74
    2022-09-01 $106,100 (31.0%) $178,219 (48.4%) 0.00 78
    2022-10-01 $112,400 (32.2%) $174,949 (23.1%) 0.00 88
    2022-11-01 $117,725 (38.5%) $180,675 (26.3%) 0.00 84
    2022-12-01 $116,400 (35.8%) $200,515 (38.7%) 0.00 82
    2023-01-01 $138,500 (67.9%) $222,337 (63.0%) 0.00 79
    2023-02-01 $132,700 (71.4%) $219,648 (72.7%) 0.00 73
    2023-03-01 $147,975 (102.2%) $231,640 (71.0%) 0.00 68
    2023-04-01 $143,450 (79.5%) $236,159 (63.8%) 0.00 59
    2023-05-01 $159,900 (84.5%) $237,349 (49.5%) 0.00 58
    2023-06-01 $175,000 (120.4%) $248,450 (61.3%) 0.00 50
    2023-07-01 $173,900 (97.8%) $230,892 (59.0%) 0.00 55
    2023-08-01 $177,750 (101.0%) $238,278 (44.5%) 0.00 61
    2023-09-01 $158,000 (48.9%) $206,786 (16.0%) 0.00 73
    2023-10-01 $149,900 (33.4%) $189,732 (8.5%) 0.00 79
    2023-11-01 $160,000 (35.9%) $191,397 (5.9%) 0.00 74
    2023-12-01 $159,900 (37.4%) $181,592 (-9.4%) 0.00 62
    2024-01-01 $136,175 (-1.7%) $174,617 (-21.5%) 0.00 45
    2024-02-01 $142,500 (7.4%) $171,503 (-21.9%) 0.00 48
    2024-03-01 $128,000 (-13.5%) $183,063 (-21.0%) 0.00 56
    2024-04-01 $120,275 (-16.2%) $171,164 (-27.5%) 0.00 53
    2024-05-01 $147,725 (-7.6%) $221,719 (-6.6%) 0.00 50
    2024-06-01 $159,900 (-8.6%) $227,443 (-8.5%) 0.00 61
    2024-07-01 $154,900 (-10.9%) $201,463 (-12.8%) 0.00 62
    2024-08-01 $150,000 (-15.6%) $182,287 (-23.5%) 0.00 66
    2024-09-01 $137,450 (-13.0%) $174,037 (-15.8%) 0.00 71
    2024-10-01 $143,975 (-4.0%) $179,083 (-5.6%) 0.00 67
    2024-11-01 $144,950 (-9.4%) $188,714 (-1.4%) 0.00 77
    Charleston's median listing price for 2024-11-01 was $144,950, a difference of $-15,050 (-9.4%) versus the prior year and $975 versus the prior month.

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

    Charleston's average listing price for 2024-11-01 was $188,714, a difference of $-2,683 (-1.4%) versus the prior year and $9,631 versus the prior month.

    For the 2024-11-01 period, Charleston had 77 MLS listings, a difference of 10 listings (15%) versus the prior month and 3 listings (4%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Charleston (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,564 sqft
    2018-02-01 0 days 1,561 sqft
    2018-03-01 0 days 1,564 sqft
    2018-04-01 0 days 1,597 sqft
    2018-05-01 0 days 1,622 sqft
    2018-06-01 0 days 1,660 sqft
    2018-07-01 0 days 1,650 sqft
    2018-08-01 0 days 1,676 sqft
    2018-09-01 0 days 1,646 sqft
    2018-10-01 0 days 1,602 sqft
    2018-11-01 0 days 1,595 sqft
    2018-12-01 0 days 1,592 sqft
    2019-01-01 0 days 1,570 sqft
    2019-02-01 0 days 1,570 sqft
    2019-03-01 0 days 1,537 sqft
    2019-04-01 0 days 1,501 sqft
    2019-05-01 0 days 1,593 sqft
    2019-06-01 0 days 1,574 sqft
    2019-07-01 0 days 1,580 sqft
    2019-08-01 0 days 1,572 sqft
    2019-09-01 0 days 1,588 sqft
    2019-10-01 0 days 1,607 sqft
    2019-11-01 0 days 1,620 sqft
    2019-12-01 0 days 1,618 sqft
    2020-01-01 0 days 1,618 sqft
    2020-02-01 0 days 1,610 sqft
    2020-03-01 0 days 1,658 sqft
    2020-04-01 0 days 1,668 sqft
    2020-05-01 0 days 1,664 sqft
    2020-06-01 0 days 1,673 sqft
    2020-07-01 0 days 1,641 sqft
    2020-08-01 0 days 1,614 sqft
    2020-09-01 0 days 1,568 sqft
    2020-10-01 0 days 1,558 sqft
    2020-11-01 0 days 1,467 sqft
    2020-12-01 0 days 1,492 sqft
    2021-01-01 0 days 1,427 sqft
    2021-02-01 0 days 1,464 sqft
    2021-03-01 0 days 1,541 sqft
    2021-04-01 0 days 1,617 sqft
    2021-05-01 0 days 1,582 sqft
    2021-06-01 0 days 1,457 sqft
    2021-07-01 0 days 1,443 sqft
    2021-08-01 0 days 1,386 sqft
    2021-09-01 0 days 1,420 sqft
    2021-10-01 0 days 1,392 sqft
    2021-11-01 0 days 1,449 sqft
    2021-12-01 0 days 1,438 sqft
    2022-01-01 0 days 1,342 sqft
    2022-02-01 0 days 1,279 sqft
    2022-03-01 0 days 1,246 sqft
    2022-04-01 0 days 1,272 sqft
    2022-05-01 0 days 1,437 sqft
    2022-06-01 0 days 1,452 sqft
    2022-07-01 0 days 1,452 sqft
    2022-08-01 0 days 1,715 sqft
    2022-09-01 0 days 1,921 sqft
    2022-10-01 0 days 1,894 sqft
    2022-11-01 0 days 1,484 sqft
    2022-12-01 0 days 1,626 sqft
    2023-01-01 0 days 1,637 sqft
    2023-02-01 0 days 1,636 sqft
    2023-03-01 0 days 1,640 sqft
    2023-04-01 0 days 1,696 sqft
    2023-05-01 0 days 1,654 sqft
    2023-06-01 0 days 1,756 sqft
    2023-07-01 0 days 1,766 sqft
    2023-08-01 0 days 1,728 sqft
    2023-09-01 0 days 1,760 sqft
    2023-10-01 0 days 1,581 sqft
    2023-11-01 0 days 1,603 sqft
    2023-12-01 0 days 1,540 sqft
    2024-01-01 0 days 1,537 sqft
    2024-02-01 0 days 1,803 sqft
    2024-03-01 0 days 1,604 sqft
    2024-04-01 0 days 1,623 sqft
    2024-05-01 0 days 1,659 sqft
    2024-06-01 0 days 1,680 sqft
    2024-07-01 0 days 1,731 sqft
    2024-08-01 0 days 1,692 sqft
    2024-09-01 0 days 1,650 sqft
    2024-10-01 0 days 1,814 sqft
    2024-11-01 0 days 1,694 sqft
    Charleston's median listing age (time on market) for 2024-11-01 was 0 days.

    Charleston's median square footage for active listings during the 2024-11-01 period was 1,694 sqft. One year prior, the average listing was 1,603 sqft.