Clinton USDA Loan Rates, Closing Costs & Stats

Clinton, IA

  • JUMP TO:
  • Trends
  • Rates vs Fees
  • Top Lenders
  • Markets
  • Market Conditions & Pricing
  • Time on Market/Property Size

    • 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.

    Clinton's 2 lenders originated 3 USDA loans during 2023. The total origination value was $515,000, with an average USDA loan value of $171,667.

    Clinton USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Clinton averaged 7.08% for the week of 2024-04-19, compared to the national average (all USDA variants) of 6.863% for the same period.

    Clinton's average USDA mortgage closing costs are $4,035.

    The average rate for the prior week (2024-04-12) was 6.73% and one month ago for the week of 2024-03-15, the average rate was 6.72%.

    The average rate one year ago was 6.36%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.66%.

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

    Clinton 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 Clinton level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    BROKER SOLUTIONS, INC. 2 6.12% $5,534
    GUILD MORTGAGE COMPANY 1 6.50% $7,473

    The top Clinton USDA lender as defined by loan originations is BROKER SOLUTIONS, INC., with 2 USDA loans originated. Their average total fees are $5,534, which is $1,939 lower than the next largest lender, GUILD MORTGAGE COMPANY.

    The lowest fee Clinton USDA lenders (with over 10 loans originated) are .

    The lowest rate Clinton USDA lenders (with over 10 loans originated) are .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Clinton (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 $85,000 (-3.5%) $111,817 (0.5%) 0.00 214
    2018-02-01 $84,975 (0.0%) $108,340 (0.0%) 0.00 218
    2018-03-01 $85,000 (0.1%) $109,243 (1.9%) 0.00 207
    2018-04-01 $83,475 (4.5%) $109,863 (5.8%) 0.00 221
    2018-05-01 $82,500 (3.3%) $115,253 (8.5%) 0.00 233
    2018-06-01 $79,900 (0.0%) $113,562 (8.1%) 0.00 224
    2018-07-01 $88,625 (10.8%) $127,417 (15.1%) 0.00 232
    2018-08-01 $89,900 (12.5%) $121,559 (7.6%) 0.00 240
    2018-09-01 $89,900 (12.5%) $120,900 (7.2%) 0.00 224
    2018-10-01 $84,425 (5.6%) $120,141 (5.7%) 0.00 213
    2018-11-01 $85,000 (3.9%) $123,865 (9.0%) 0.00 210
    2018-12-01 $89,900 (5.8%) $129,470 (12.2%) 0.00 190
    2019-01-01 $89,925 (5.8%) $130,200 (16.4%) 0.00 185
    2019-02-01 $87,250 (2.7%) $128,401 (18.5%) 0.00 170
    2019-03-01 $96,021 (13.0%) $130,849 (19.8%) 0.00 168
    2019-04-01 $107,771 (29.1%) $132,412 (20.5%) 0.00 168
    2019-05-01 $81,000 (-1.8%) $115,732 (0.4%) 0.00 186
    2019-06-01 $79,900 (0.0%) $112,880 (-0.6%) 0.00 205
    2019-07-01 $81,300 (-8.3%) $114,950 (-9.8%) 0.00 211
    2019-08-01 $81,973 (-8.8%) $118,150 (-2.8%) 0.00 224
    2019-09-01 $85,082 (-5.4%) $117,239 (-3.0%) 0.00 232
    2019-10-01 $85,855 (1.7%) $116,631 (-2.9%) 0.00 233
    2019-11-01 $81,500 (-4.1%) $118,057 (-4.7%) 0.00 221
    2019-12-01 $81,900 (-8.9%) $116,603 (-9.9%) 0.00 194
    2020-01-01 $75,200 (-16.4%) $110,055 (-15.5%) 0.00 176
    2020-02-01 $79,900 (-8.4%) $119,729 (-6.8%) 0.00 165
    2020-03-01 $74,800 (-22.1%) $118,955 (-9.1%) 0.00 170
    2020-04-01 $73,700 (-31.6%) $118,647 (-10.4%) 0.00 177
    2020-05-01 $74,900 (-7.5%) $123,162 (6.4%) 0.00 172
    2020-06-01 $80,250 (0.4%) $131,873 (16.8%) 0.00 171
    2020-07-01 $76,950 (-5.4%) $128,141 (11.5%) 0.00 158
    2020-08-01 $75,000 (-8.5%) $115,102 (-2.6%) 0.00 151
    2020-09-01 $78,475 (-7.8%) $115,620 (-1.4%) 0.00 139
    2020-10-01 $79,900 (-6.9%) $113,341 (-2.8%) 0.00 142
    2020-11-01 $78,625 (-3.5%) $113,311 (-4.0%) 0.00 142
    2020-12-01 $78,250 (-4.5%) $105,457 (-9.6%) 0.00 135
    2021-01-01 $71,950 (-4.3%) $102,186 (-7.2%) 0.00 124
    2021-02-01 $68,125 (-14.7%) $107,038 (-10.6%) 0.00 114
    2021-03-01 $60,625 (-19.0%) $97,544 (-18.0%) 0.00 91
    2021-04-01 $62,500 (-15.2%) $100,926 (-14.9%) 0.00 68
    2021-05-01 $62,500 (-16.6%) $88,768 (-27.9%) 0.00 62
    2021-06-01 $74,900 (-6.7%) $114,954 (-12.8%) 0.00 79
    2021-07-01 $79,900 (3.8%) $127,056 (-0.9%) 0.00 86
    2021-08-01 $83,975 (12.0%) $130,889 (13.7%) 0.00 87
    2021-09-01 $99,675 (27.0%) $151,431 (31.0%) 0.00 91
    2021-10-01 $98,900 (23.8%) $150,059 (32.4%) 0.00 102
    2021-11-01 $119,600 (52.1%) $182,405 (61.0%) 0.00 111
    2021-12-01 $129,225 (65.1%) $189,963 (80.1%) 0.00 107
    2022-01-01 $127,350 (77.0%) $193,656 (89.5%) 0.00 93
    2022-02-01 $114,700 (68.4%) $191,489 (78.9%) 0.00 89
    2022-03-01 $137,425 (126.7%) $201,796 (106.9%) 0.00 83
    2022-04-01 $155,450 (148.7%) $211,343 (109.4%) 0.00 73
    2022-05-01 $143,700 (129.9%) $216,848 (144.3%) 0.00 77
    2022-06-01 $151,400 (102.1%) $216,461 (88.3%) 0.00 90
    2022-07-01 $169,900 (112.6%) $225,897 (77.8%) 0.00 114
    2022-08-01 $165,950 (97.6%) $226,287 (72.9%) 0.00 119
    2022-09-01 $175,500 (76.1%) $229,866 (51.8%) 0.00 130
    2022-10-01 $164,950 (66.8%) $220,645 (47.0%) 0.00 135
    2022-11-01 $159,925 (33.7%) $221,500 (21.4%) 0.00 131
    2022-12-01 $169,900 (31.5%) $218,574 (15.1%) 0.00 120
    2023-01-01 $170,650 (34.0%) $223,233 (15.3%) 0.00 104
    2023-02-01 $185,700 (61.9%) $226,432 (18.3%) 0.00 97
    2023-03-01 $220,000 (60.1%) $235,215 (16.6%) 0.00 90
    2023-04-01 $274,900 (76.8%) $261,651 (23.8%) 0.00 72
    2023-05-01 $257,400 (79.1%) $255,595 (17.9%) 0.00 79
    2023-06-01 $224,750 (48.5%) $243,383 (12.4%) 0.00 89
    2023-07-01 $234,900 (38.3%) $243,819 (7.9%) 0.00 100
    2023-08-01 $207,400 (25.0%) $237,770 (5.1%) 0.00 109
    2023-09-01 $199,450 (13.7%) $231,337 (0.6%) 0.00 107
    2023-10-01 $168,670 (2.3%) $217,068 (-1.6%) 0.00 117
    2023-11-01 $176,200 (10.2%) $225,048 (1.6%) 0.00 120
    2023-12-01 $184,900 (8.8%) $229,103 (4.8%) 0.00 114
    2024-01-01 $212,450 (24.5%) $247,153 (10.7%) 0.00 101
    2024-02-01 $225,250 (21.3%) $251,493 (11.1%) 0.00 96
    2024-03-01 $224,900 (2.2%) $256,435 (9.0%) 0.00 88
    Clinton's median listing price for 2024-03-01 was $224,900, a difference of $4,900 (2.2%) versus the prior year and $-350 versus the prior month.

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

    Clinton's average listing price for 2024-03-01 was $256,435, a difference of $21,220 (9.0%) versus the prior year and $4,942 versus the prior month.

    For the 2024-03-01 period, Clinton had 88 MLS listings, a difference of -8 listings (-8%) versus the prior month and -2 listings (-2%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Clinton (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,482 sqft
    2018-02-01 0 days 1,454 sqft
    2018-03-01 0 days 1,497 sqft
    2018-04-01 0 days 1,448 sqft
    2018-05-01 0 days 1,460 sqft
    2018-06-01 0 days 1,478 sqft
    2018-07-01 0 days 1,488 sqft
    2018-08-01 0 days 1,458 sqft
    2018-09-01 0 days 1,460 sqft
    2018-10-01 0 days 1,458 sqft
    2018-11-01 0 days 1,478 sqft
    2018-12-01 0 days 1,467 sqft
    2019-01-01 0 days 1,456 sqft
    2019-02-01 0 days 1,450 sqft
    2019-03-01 0 days 1,425 sqft
    2019-04-01 0 days 1,445 sqft
    2019-05-01 0 days 1,329 sqft
    2019-06-01 0 days 1,330 sqft
    2019-07-01 0 days 1,428 sqft
    2019-08-01 0 days 1,439 sqft
    2019-09-01 0 days 1,460 sqft
    2019-10-01 0 days 1,476 sqft
    2019-11-01 0 days 1,476 sqft
    2019-12-01 0 days 1,461 sqft
    2020-01-01 0 days 1,408 sqft
    2020-02-01 0 days 1,442 sqft
    2020-03-01 0 days 1,408 sqft
    2020-04-01 0 days 1,408 sqft
    2020-05-01 0 days 1,442 sqft
    2020-06-01 0 days 1,479 sqft
    2020-07-01 0 days 1,479 sqft
    2020-08-01 0 days 1,476 sqft
    2020-09-01 0 days 1,476 sqft
    2020-10-01 0 days 1,476 sqft
    2020-11-01 0 days 1,468 sqft
    2020-12-01 0 days 1,476 sqft
    2021-01-01 0 days 1,476 sqft
    2021-02-01 0 days 1,469 sqft
    2021-03-01 0 days 1,401 sqft
    2021-04-01 0 days 1,380 sqft
    2021-05-01 0 days 1,382 sqft
    2021-06-01 0 days 1,482 sqft
    2021-07-01 0 days 1,544 sqft
    2021-08-01 0 days 1,525 sqft
    2021-09-01 0 days 1,598 sqft
    2021-10-01 0 days 1,546 sqft
    2021-11-01 0 days 1,582 sqft
    2021-12-01 0 days 1,582 sqft
    2022-01-01 0 days 1,582 sqft
    2022-02-01 0 days 1,581 sqft
    2022-03-01 0 days 1,582 sqft
    2022-04-01 0 days 1,569 sqft
    2022-05-01 0 days 1,582 sqft
    2022-06-01 0 days 1,582 sqft
    2022-07-01 0 days 1,582 sqft
    2022-08-01 0 days 1,582 sqft
    2022-09-01 0 days 1,582 sqft
    2022-10-01 0 days 1,582 sqft
    2022-11-01 0 days 1,582 sqft
    2022-12-01 0 days 1,582 sqft
    2023-01-01 0 days 1,582 sqft
    2023-02-01 0 days 1,582 sqft
    2023-03-01 0 days 1,582 sqft
    2023-04-01 0 days 1,582 sqft
    2023-05-01 0 days 1,582 sqft
    2023-06-01 0 days 1,582 sqft
    2023-07-01 0 days 1,582 sqft
    2023-08-01 0 days 1,582 sqft
    2023-09-01 0 days 1,582 sqft
    2023-10-01 0 days 1,582 sqft
    2023-11-01 0 days 1,582 sqft
    2023-12-01 0 days 1,582 sqft
    2024-01-01 0 days 1,610 sqft
    2024-02-01 0 days 1,648 sqft
    2024-03-01 0 days 1,715 sqft
    Clinton's median listing age (time on market) for 2024-03-01 was 0 days.

    Clinton's median square footage for active listings during the 2024-03-01 period was 1,715 sqft. One year prior, the average listing was 1,582 sqft.