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 0.42% for the week of 2025-07-04, compared to the national average (all USDA variants) of 0% for the same period.

Charleston's average USDA mortgage closing costs are $3,518.

The average rate for the prior week (2025-06-27) was 6.86% and one month ago for the week of 2025-05-30, the average rate was 6.64%.

The average rate one year ago was 7.14%.

For refis of the same type during the week of 2025-07-04, the average rate was 0.2%.

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 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%), .