Charleston USDA Loan Rates, Closing Costs & Stats
Charleston-Mattoon, 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.
Charleston's 7 lenders originated 34 USDA loans during 2024. The total origination value was $4,190,000, with an average USDA loan value of $123,235.
Charleston USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Charleston
averaged
6.35%
for the week of 2025-04-04, compared to the national average (all USDA variants) of
6.324% for the same period.
Charleston's average USDA mortgage closing costs are $3,518.
The average rate for the prior week (2025-03-28) was
6.81% and
one month ago for the week of 2025-02-28, the
average rate was 6.76%.
The average rate one year ago was 7.01%.
For refis of the same type during the week of 2025-04-04, the average rate
was 6.12%.
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 | 2024 Avg. 30yFix Rate | 2024 Avg. Closing Costs |
|---|---|---|---|
| First Mid Bank & Trust | 13 | 6.05% | $3,439 |
| BROKER SOLUTIONS, INC. | 5 | 6.70% | $6,540 |
| Community Mortgage Banc Corporation | 5 | 6.58% | $3,847 |
| CROSSCOUNTRY MORTGAGE, LLC | 3 | 6.50% | $4,659 |
| FLAT BRANCH MORTGAGE, INC. | 3 | 6.67% | $5,200 |
| GUILD MORTGAGE COMPANY | 1 | 6.38% | $6,160 |
| Bankers' Bank | 1 | 7.00% | $6,493 |
The top Charleston USDA lender as defined by loan originations is First Mid Bank & Trust, with
13 USDA loans originated. Their average total fees are
$3,439, which is $3,101
lower than the next largest lender,
BROKER SOLUTIONS, INC..
The lowest fee Charleston USDA lenders (with over 10 loans originated) are
First Mid Bank & Trust ($3,439), .
The lowest rate Charleston USDA lenders (with over 10 loans originated) are
First Mid Bank & Trust (6.05%), .
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 (0.0%) | $116,210 (9.2%) | 0.00 | 211 |
| 2018-02-01 | $79,900 (-3.4%) | $113,290 (0.8%) | 0.00 | 226 |
| 2018-03-01 | $84,250 (-0.5%) | $117,764 (3.9%) | 0.00 | 243 |
| 2018-04-01 | $89,250 (6.6%) | $122,585 (9.2%) | 0.00 | 247 |
| 2018-05-01 | $90,550 (13.3%) | $121,626 (9.3%) | 0.00 | 254 |
| 2018-06-01 | $95,000 (17.3%) | $121,778 (5.7%) | 0.00 | 276 |
| 2018-07-01 | $93,900 (10.9%) | $119,170 (-2.1%) | 0.00 | 294 |
| 2018-08-01 | $92,850 (9.8%) | $119,307 (-3.9%) | 0.00 | 302 |
| 2018-09-01 | $89,900 (6.5%) | $117,708 (-4.7%) | 0.00 | 297 |
| 2018-10-01 | $86,150 (7.8%) | $115,839 (-1.8%) | 0.00 | 273 |
| 2018-11-01 | $89,800 (8.0%) | $117,127 (-1.9%) | 0.00 | 268 |
| 2018-12-01 | $85,000 (6.4%) | $114,309 (-3.5%) | 0.00 | 256 |
| 2019-01-01 | $83,650 (4.7%) | $111,885 (-3.7%) | 0.00 | 253 |
| 2019-02-01 | $83,900 (5.0%) | $114,055 (0.7%) | 0.00 | 257 |
| 2019-03-01 | $85,714 (1.7%) | $118,112 (0.3%) | 0.00 | 241 |
| 2019-04-01 | $86,250 (-3.4%) | $120,833 (-1.4%) | 0.00 | 222 |
| 2019-05-01 | $92,225 (1.9%) | $126,545 (4.0%) | 0.00 | 219 |
| 2019-06-01 | $94,000 (-1.1%) | $124,049 (1.9%) | 0.00 | 227 |
| 2019-07-01 | $99,125 (5.6%) | $122,318 (2.6%) | 0.00 | 269 |
| 2019-08-01 | $101,600 (9.4%) | $120,754 (1.2%) | 0.00 | 273 |
| 2019-09-01 | $104,750 (16.5%) | $120,210 (2.1%) | 0.00 | 270 |
| 2019-10-01 | $106,000 (23.0%) | $119,717 (3.4%) | 0.00 | 263 |
| 2019-11-01 | $96,750 (7.7%) | $117,082 (0.0%) | 0.00 | 241 |
| 2019-12-01 | $89,900 (5.8%) | $114,294 (0.0%) | 0.00 | 230 |
| 2020-01-01 | $89,500 (7.0%) | $114,607 (2.4%) | 0.00 | 214 |
| 2020-02-01 | $89,500 (6.7%) | $112,168 (-1.7%) | 0.00 | 202 |
| 2020-03-01 | $99,500 (16.1%) | $119,981 (1.6%) | 0.00 | 194 |
| 2020-04-01 | $95,450 (10.7%) | $121,188 (0.3%) | 0.00 | 189 |
| 2020-05-01 | $94,450 (2.4%) | $123,930 (-2.1%) | 0.00 | 175 |
| 2020-06-01 | $97,400 (3.6%) | $122,054 (-1.6%) | 0.00 | 165 |
| 2020-07-01 | $92,750 (-6.4%) | $119,791 (-2.1%) | 0.00 | 170 |
| 2020-08-01 | $92,250 (-9.2%) | $116,050 (-3.9%) | 0.00 | 163 |
| 2020-09-01 | $89,225 (-14.8%) | $111,062 (-7.6%) | 0.00 | 145 |
| 2020-10-01 | $87,000 (-17.9%) | $113,473 (-5.2%) | 0.00 | 147 |
| 2020-11-01 | $84,700 (-12.5%) | $106,268 (-9.2%) | 0.00 | 152 |
| 2020-12-01 | $80,175 (-10.8%) | $101,426 (-11.3%) | 0.00 | 126 |
| 2021-01-01 | $79,000 (-11.7%) | $101,619 (-11.3%) | 0.00 | 114 |
| 2021-02-01 | $83,800 (-6.4%) | $108,978 (-2.8%) | 0.00 | 98 |
| 2021-03-01 | $84,900 (-14.7%) | $117,327 (-2.2%) | 0.00 | 91 |
| 2021-04-01 | $87,925 (-7.9%) | $124,159 (2.5%) | 0.00 | 79 |
| 2021-05-01 | $84,900 (-10.1%) | $127,318 (2.7%) | 0.00 | 65 |
| 2021-06-01 | $84,900 (-12.8%) | $130,020 (6.5%) | 0.00 | 73 |
| 2021-07-01 | $84,900 (-8.5%) | $125,271 (4.6%) | 0.00 | 78 |
| 2021-08-01 | $79,975 (-13.3%) | $113,839 (-1.9%) | 0.00 | 85 |
| 2021-09-01 | $79,500 (-10.9%) | $114,198 (2.8%) | 0.00 | 77 |
| 2021-10-01 | $82,000 (-5.8%) | $138,755 (22.3%) | 0.00 | 87 |
| 2021-11-01 | $84,925 (0.3%) | $139,116 (30.9%) | 0.00 | 96 |
| 2021-12-01 | $84,425 (5.3%) | $138,395 (36.5%) | 0.00 | 75 |
| 2022-01-01 | $81,000 (2.5%) | $134,567 (32.4%) | 0.00 | 71 |
| 2022-02-01 | $74,925 (-10.6%) | $125,657 (15.3%) | 0.00 | 73 |
| 2022-03-01 | $70,675 (-16.8%) | $131,671 (12.2%) | 0.00 | 71 |
| 2022-04-01 | $77,000 (-12.4%) | $142,902 (15.1%) | 0.00 | 64 |
| 2022-05-01 | $84,925 (0.0%) | $151,963 (19.4%) | 0.00 | 62 |
| 2022-06-01 | $75,750 (-10.8%) | $149,386 (14.9%) | 0.00 | 56 |
| 2022-07-01 | $84,700 (-0.2%) | $137,184 (9.5%) | 0.00 | 64 |
| 2022-08-01 | $84,925 (6.2%) | $162,116 (42.4%) | 0.00 | 67 |
| 2022-09-01 | $89,675 (12.8%) | $179,438 (57.1%) | 0.00 | 71 |
| 2022-10-01 | $107,450 (31.0%) | $177,352 (27.8%) | 0.00 | 81 |
| 2022-11-01 | $109,500 (28.9%) | $172,543 (24.0%) | 0.00 | 74 |
| 2022-12-01 | $114,900 (36.1%) | $190,147 (37.4%) | 0.00 | 72 |
| 2023-01-01 | $121,800 (50.4%) | $215,348 (60.0%) | 0.00 | 69 |
| 2023-02-01 | $113,650 (51.7%) | $218,230 (73.7%) | 0.00 | 55 |
| 2023-03-01 | $134,725 (90.6%) | $237,550 (80.4%) | 0.00 | 53 |
| 2023-04-01 | $130,000 (68.8%) | $239,387 (67.5%) | 0.00 | 46 |
| 2023-05-01 | $139,950 (64.8%) | $227,906 (50.0%) | 0.00 | 44 |
| 2023-06-01 | $158,250 (108.9%) | $239,989 (60.7%) | 0.00 | 38 |
| 2023-07-01 | $155,000 (83.0%) | $219,743 (60.2%) | 0.00 | 44 |
| 2023-08-01 | $162,225 (91.0%) | $232,431 (43.4%) | 0.00 | 50 |
| 2023-09-01 | $144,500 (61.1%) | $192,844 (7.5%) | 0.00 | 61 |
| 2023-10-01 | $134,925 (25.6%) | $171,180 (-3.5%) | 0.00 | 64 |
| 2023-11-01 | $152,400 (39.2%) | $172,971 (0.3%) | 0.00 | 60 |
| 2023-12-01 | $136,500 (18.8%) | $164,474 (-13.5%) | 0.00 | 48 |
| 2024-01-01 | $109,250 (-10.3%) | $154,647 (-28.2%) | 0.00 | 33 |
| 2024-02-01 | $128,750 (13.3%) | $163,386 (-25.1%) | 0.00 | 37 |
| 2024-03-01 | $109,000 (-19.1%) | $158,070 (-33.5%) | 0.00 | 45 |
| 2024-04-01 | $105,000 (-19.2%) | $136,267 (-43.1%) | 0.00 | 41 |
| 2024-05-01 | $114,900 (-17.9%) | $150,524 (-34.0%) | 0.00 | 34 |
| 2024-06-01 | $124,900 (-21.1%) | $162,113 (-32.5%) | 0.00 | 41 |
| 2024-07-01 | $129,600 (-16.4%) | $159,214 (-27.6%) | 0.00 | 45 |
| 2024-08-01 | $131,250 (-19.1%) | $154,961 (-33.3%) | 0.00 | 46 |
| 2024-09-01 | $129,600 (-10.3%) | $162,599 (-15.7%) | 0.00 | 54 |
| 2024-10-01 | $142,700 (5.8%) | $175,146 (2.3%) | 0.00 | 55 |
| 2024-11-01 | $144,900 (-4.9%) | $188,229 (8.8%) | 0.00 | 65 |
| 2024-12-01 | $145,000 (6.2%) | $192,905 (17.3%) | 0.00 | 62 |
| 2025-01-01 | $144,400 (32.2%) | $188,777 (22.1%) | 0.00 | 60 |
| 2025-02-01 | $134,750 (4.7%) | $196,311 (20.2%) | 0.00 | 73 |
| 2025-03-01 | $145,900 (33.9%) | $212,802 (34.6%) | 0.00 | 53 |
Charleston's median listing price comes in at 0% of the national average.
Charleston's average listing price for 2025-03-01 was $212,802, a difference of $54,732 (34.6%) versus the prior year and $16,491 versus the prior month.
For the 2025-03-01 period, Charleston had 53 MLS listings, a difference of -20 listings (-27%) versus the prior month and 8 listings (18%) 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 | 1,566 sqft |
| 2018-02-01 | 0 days | 1,561 sqft |
| 2018-03-01 | 0 days | 1,550 sqft |
| 2018-04-01 | 0 days | 1,599 sqft |
| 2018-05-01 | 0 days | 1,629 sqft |
| 2018-06-01 | 0 days | 1,660 sqft |
| 2018-07-01 | 0 days | 1,650 sqft |
| 2018-08-01 | 0 days | 1,662 sqft |
| 2018-09-01 | 0 days | 1,656 sqft |
| 2018-10-01 | 0 days | 1,602 sqft |
| 2018-11-01 | 0 days | 1,592 sqft |
| 2018-12-01 | 0 days | 1,564 sqft |
| 2019-01-01 | 0 days | 1,562 sqft |
| 2019-02-01 | 0 days | 1,576 sqft |
| 2019-03-01 | 0 days | 1,578 sqft |
| 2019-04-01 | 0 days | 1,564 sqft |
| 2019-05-01 | 0 days | 1,608 sqft |
| 2019-06-01 | 0 days | 1,587 sqft |
| 2019-07-01 | 0 days | 1,609 sqft |
| 2019-08-01 | 0 days | 1,580 sqft |
| 2019-09-01 | 0 days | 1,588 sqft |
| 2019-10-01 | 0 days | 1,609 sqft |
| 2019-11-01 | 0 days | 1,625 sqft |
| 2019-12-01 | 0 days | 1,624 sqft |
| 2020-01-01 | 0 days | 1,628 sqft |
| 2020-02-01 | 0 days | 1,614 sqft |
| 2020-03-01 | 0 days | 1,658 sqft |
| 2020-04-01 | 0 days | 1,668 sqft |
| 2020-05-01 | 0 days | 1,670 sqft |
| 2020-06-01 | 0 days | 1,705 sqft |
| 2020-07-01 | 0 days | 1,684 sqft |
| 2020-08-01 | 0 days | 1,626 sqft |
| 2020-09-01 | 0 days | 1,573 sqft |
| 2020-10-01 | 0 days | 1,558 sqft |
| 2020-11-01 | 0 days | 1,453 sqft |
| 2020-12-01 | 0 days | 1,468 sqft |
| 2021-01-01 | 0 days | 1,427 sqft |
| 2021-02-01 | 0 days | 1,525 sqft |
| 2021-03-01 | 0 days | 1,568 sqft |
| 2021-04-01 | 0 days | 1,663 sqft |
| 2021-05-01 | 0 days | 1,622 sqft |
| 2021-06-01 | 0 days | 1,490 sqft |
| 2021-07-01 | 0 days | 1,450 sqft |
| 2021-08-01 | 0 days | 1,374 sqft |
| 2021-09-01 | 0 days | 1,430 sqft |
| 2021-10-01 | 0 days | 1,376 sqft |
| 2021-11-01 | 0 days | 1,421 sqft |
| 2021-12-01 | 0 days | 1,394 sqft |
| 2022-01-01 | 0 days | 1,285 sqft |
| 2022-02-01 | 0 days | 1,248 sqft |
| 2022-03-01 | 0 days | 1,214 sqft |
| 2022-04-01 | 0 days | 1,245 sqft |
| 2022-05-01 | 0 days | 1,407 sqft |
| 2022-06-01 | 0 days | 1,443 sqft |
| 2022-07-01 | 0 days | 1,452 sqft |
| 2022-08-01 | 0 days | 1,721 sqft |
| 2022-09-01 | 0 days | 2,002 sqft |
| 2022-10-01 | 0 days | 1,894 sqft |
| 2022-11-01 | 0 days | 1,491 sqft |
| 2022-12-01 | 0 days | 1,632 sqft |
| 2023-01-01 | 0 days | 1,660 sqft |
| 2023-02-01 | 0 days | 1,660 sqft |
| 2023-03-01 | 0 days | 1,680 sqft |
| 2023-04-01 | 0 days | 1,696 sqft |
| 2023-05-01 | 0 days | 1,668 sqft |
| 2023-06-01 | 0 days | 1,743 sqft |
| 2023-07-01 | 0 days | 2,005 sqft |
| 2023-08-01 | 0 days | 1,721 sqft |
| 2023-09-01 | 0 days | 1,728 sqft |
| 2023-10-01 | 0 days | 1,564 sqft |
| 2023-11-01 | 0 days | 1,576 sqft |
| 2023-12-01 | 0 days | 1,536 sqft |
| 2024-01-01 | 0 days | 1,523 sqft |
| 2024-02-01 | 0 days | 1,935 sqft |
| 2024-03-01 | 0 days | 1,645 sqft |
| 2024-04-01 | 0 days | 1,561 sqft |
| 2024-05-01 | 0 days | 1,536 sqft |
| 2024-06-01 | 0 days | 1,566 sqft |
| 2024-07-01 | 0 days | 1,638 sqft |
| 2024-08-01 | 0 days | 1,600 sqft |
| 2024-09-01 | 0 days | 1,610 sqft |
| 2024-10-01 | 0 days | 1,788 sqft |
| 2024-11-01 | 0 days | 1,694 sqft |
| 2024-12-01 | 0 days | 1,629 sqft |
| 2025-01-01 | 0 days | 1,586 sqft |
| 2025-02-01 | 0 days | 1,584 sqft |
| 2025-03-01 | 0 days | 1,656 sqft |
Charleston's median square footage for active listings during the 2025-03-01 period was 1,656 sqft. One year prior, the average listing was 1,645 sqft.