Danville USDA Loan Rates, Closing Costs & Stats

DANVILLE, 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.

    Danville's 11 lenders originated 36 USDA loans during 2023. The total origination value was $3,080,000, with an average USDA loan value of $85,556.

    Danville USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Danville averaged 0.26% for the week of 2024-11-15, compared to the national average (all USDA variants) of 0% for the same period.

    Danville's average USDA mortgage closing costs are $3,725.

    The average rate for the prior week (2024-11-08) was 6.51% and one month ago for the week of 2024-10-11, the average rate was 6.27%.

    The average rate one year ago was 7.4%.

    For refis of the same type during the week of 2024-11-15, the average rate was 0.1%.

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

    Danville 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 Danville level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    FLAT BRANCH MORTGAGE, INC. 9 7.25% $4,325
    CROSSCOUNTRY MORTGAGE, LLC 6 7.24% $4,655
    FIRST STATE MORTGAGE SERVICES, LLC 2 7.25% $3,034
    GUARANTY HOME MORTGAGE CORPORATION 1 7.25% $3,958
    Midland States Bank 1 7.75% $3,426
    Old National Bank 1 7.00% $3,545
    UNION HOME MORTGAGE CORP. 1 7.13% $4,449
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 5.50% $7,189
    University Bank 1 7.63% $5,024
    CALIBER HOME LOANS, INC. 1 6.63% $4,713
    Citizens Bank 1 6.25% $4,172

    The top Danville USDA lender as defined by loan originations is FLAT BRANCH MORTGAGE, INC., with 9 USDA loans originated. Their average total fees are $4,325, which is $330 lower than the next largest lender, CROSSCOUNTRY MORTGAGE, LLC.

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

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

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Danville (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 $69,900 (7.9%) $100,306 (12.9%) 0.00 286
    2018-02-01 $72,700 (12.0%) $101,759 (12.2%) 0.00 286
    2018-03-01 $73,500 (13.2%) $105,178 (12.5%) 0.00 296
    2018-04-01 $77,250 (19.0%) $109,535 (18.4%) 0.00 296
    2018-05-01 $83,750 (21.2%) $110,563 (9.9%) 0.00 307
    2018-06-01 $85,000 (25.2%) $110,115 (10.5%) 0.00 312
    2018-07-01 $84,900 (23.1%) $111,237 (8.1%) 0.00 322
    2018-08-01 $83,850 (17.7%) $110,002 (4.4%) 0.00 334
    2018-09-01 $79,945 (14.5%) $110,200 (8.2%) 0.00 327
    2018-10-01 $80,000 (15.9%) $109,042 (6.1%) 0.00 334
    2018-11-01 $82,125 (20.8%) $112,224 (9.4%) 0.00 317
    2018-12-01 $79,900 (14.3%) $112,647 (11.3%) 0.00 316
    2019-01-01 $77,125 (10.3%) $111,566 (11.2%) 0.00 310
    2019-02-01 $79,700 (9.6%) $115,476 (13.5%) 0.00 295
    2019-03-01 $82,900 (12.8%) $116,367 (10.6%) 0.00 288
    2019-04-01 $86,425 (11.9%) $117,184 (7.0%) 0.00 291
    2019-05-01 $84,900 (1.4%) $119,015 (7.6%) 0.00 297
    2019-06-01 $87,250 (2.7%) $120,180 (9.1%) 0.00 302
    2019-07-01 $88,300 (4.0%) $118,710 (6.7%) 0.00 300
    2019-08-01 $86,291 (2.9%) $117,505 (6.8%) 0.00 295
    2019-09-01 $83,877 (4.9%) $115,508 (4.8%) 0.00 290
    2019-10-01 $82,268 (2.8%) $114,177 (4.7%) 0.00 283
    2019-11-01 $84,400 (2.8%) $113,686 (1.3%) 0.00 273
    2019-12-01 $75,000 (-6.1%) $106,960 (-5.1%) 0.00 268
    2020-01-01 $79,000 (2.4%) $109,821 (-1.6%) 0.00 255
    2020-02-01 $79,900 (0.3%) $109,685 (-5.0%) 0.00 239
    2020-03-01 $78,750 (-5.0%) $112,082 (-3.7%) 0.00 207
    2020-04-01 $81,475 (-5.7%) $117,672 (0.4%) 0.00 200
    2020-05-01 $85,000 (0.1%) $119,176 (0.1%) 0.00 182
    2020-06-01 $91,225 (4.6%) $121,803 (1.4%) 0.00 172
    2020-07-01 $93,850 (6.3%) $119,751 (0.9%) 0.00 167
    2020-08-01 $93,750 (8.6%) $123,022 (4.7%) 0.00 171
    2020-09-01 $89,600 (6.8%) $120,035 (3.9%) 0.00 180
    2020-10-01 $89,000 (8.2%) $118,074 (3.4%) 0.00 181
    2020-11-01 $92,175 (9.2%) $124,041 (9.1%) 0.00 160
    2020-12-01 $87,875 (17.2%) $124,756 (16.6%) 0.00 140
    2021-01-01 $87,750 (11.1%) $127,536 (16.1%) 0.00 117
    2021-02-01 $86,625 (8.4%) $134,726 (22.8%) 0.00 100
    2021-03-01 $94,925 (20.5%) $134,907 (20.4%) 0.00 87
    2021-04-01 $84,125 (3.3%) $132,985 (13.0%) 0.00 72
    2021-05-01 $89,450 (5.2%) $133,873 (12.3%) 0.00 79
    2021-06-01 $97,375 (6.7%) $136,972 (12.5%) 0.00 98
    2021-07-01 $104,900 (11.8%) $135,734 (13.4%) 0.00 92
    2021-08-01 $99,050 (5.7%) $122,900 (-0.1%) 0.00 97
    2021-09-01 $99,900 (11.5%) $118,606 (-1.2%) 0.00 107
    2021-10-01 $109,000 (22.5%) $130,473 (10.5%) 0.00 102
    2021-11-01 $102,475 (11.2%) $128,280 (3.4%) 0.00 103
    2021-12-01 $92,200 (4.9%) $119,014 (-4.6%) 0.00 84
    2022-01-01 $85,000 (-3.1%) $114,150 (-10.5%) 0.00 72
    2022-02-01 $80,000 (-7.7%) $112,683 (-16.4%) 0.00 58
    2022-03-01 $79,900 (-15.8%) $128,861 (-4.5%) 0.00 59
    2022-04-01 $94,950 (12.9%) $140,690 (5.8%) 0.00 64
    2022-05-01 $117,500 (31.4%) $156,928 (17.2%) 0.00 65
    2022-06-01 $103,225 (6.0%) $167,534 (22.3%) 0.00 69
    2022-07-01 $110,000 (4.9%) $156,436 (15.3%) 0.00 90
    2022-08-01 $119,900 (21.1%) $167,529 (36.3%) 0.00 99
    2022-09-01 $100,975 (1.1%) $153,957 (29.8%) 0.00 116
    2022-10-01 $99,900 (-8.4%) $141,084 (8.1%) 0.00 121
    2022-11-01 $110,975 (8.3%) $124,913 (-2.6%) 0.00 133
    2022-12-01 $110,000 (19.3%) $126,200 (6.0%) 0.00 116
    2023-01-01 $99,900 (17.5%) $124,578 (9.1%) 0.00 103
    2023-02-01 $102,400 (28.0%) $128,283 (13.8%) 0.00 86
    2023-03-01 $109,850 (37.5%) $130,271 (1.1%) 0.00 81
    2023-04-01 $99,900 (5.2%) $129,754 (-7.8%) 0.00 83
    2023-05-01 $96,150 (-18.2%) $127,314 (-18.9%) 0.00 86
    2023-06-01 $99,900 (-3.2%) $133,468 (-20.3%) 0.00 87
    2023-07-01 $94,900 (-13.7%) $123,868 (-20.8%) 0.00 94
    2023-08-01 $97,450 (-18.7%) $124,961 (-25.4%) 0.00 89
    2023-09-01 $105,000 (4.0%) $142,400 (-7.5%) 0.00 106
    2023-10-01 $105,000 (5.1%) $137,730 (-2.4%) 0.00 119
    2023-11-01 $105,125 (-5.3%) $130,863 (4.8%) 0.00 121
    2023-12-01 $104,900 (-4.6%) $129,760 (2.8%) 0.00 115
    2024-01-01 $96,950 (-3.0%) $126,357 (1.4%) 0.00 107
    2024-02-01 $88,700 (-13.4%) $123,489 (-3.7%) 0.00 110
    2024-03-01 $89,450 (-18.6%) $117,855 (-9.5%) 0.00 107
    2024-04-01 $79,900 (-20.0%) $115,902 (-10.7%) 0.00 103
    2024-05-01 $121,875 (26.8%) $131,871 (3.6%) 0.00 85
    2024-06-01 $129,450 (29.6%) $145,734 (9.2%) 0.00 96
    2024-07-01 $126,075 (32.9%) $137,267 (10.8%) 0.00 102
    2024-08-01 $128,500 (31.9%) $144,747 (15.8%) 0.00 115
    2024-09-01 $129,000 (22.9%) $145,860 (2.4%) 0.00 119
    2024-10-01 $128,950 (22.8%) $157,024 (14.0%) 0.00 119
    Danville's median listing price for 2024-10-01 was $128,950, a difference of $23,950 (22.8%) versus the prior year and $-50 versus the prior month.

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

    Danville's average listing price for 2024-10-01 was $157,024, a difference of $19,294 (14.0%) versus the prior year and $11,164 versus the prior month.

    For the 2024-10-01 period, Danville had 119 MLS listings, a difference of 0 listings (0%) versus the prior month and 0 listings (0%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Danville (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,477 sqft
    2018-02-01 0 days 1,465 sqft
    2018-03-01 0 days 1,531 sqft
    2018-04-01 0 days 1,571 sqft
    2018-05-01 0 days 1,591 sqft
    2018-06-01 0 days 1,600 sqft
    2018-07-01 0 days 1,594 sqft
    2018-08-01 0 days 1,600 sqft
    2018-09-01 0 days 1,554 sqft
    2018-10-01 0 days 1,572 sqft
    2018-11-01 0 days 1,590 sqft
    2018-12-01 0 days 1,580 sqft
    2019-01-01 0 days 1,571 sqft
    2019-02-01 0 days 1,561 sqft
    2019-03-01 0 days 1,565 sqft
    2019-04-01 0 days 1,600 sqft
    2019-05-01 0 days 1,600 sqft
    2019-06-01 0 days 1,610 sqft
    2019-07-01 0 days 1,635 sqft
    2019-08-01 0 days 1,621 sqft
    2019-09-01 0 days 1,593 sqft
    2019-10-01 0 days 1,577 sqft
    2019-11-01 0 days 1,600 sqft
    2019-12-01 0 days 1,560 sqft
    2020-01-01 0 days 1,622 sqft
    2020-02-01 0 days 1,611 sqft
    2020-03-01 0 days 1,603 sqft
    2020-04-01 0 days 1,689 sqft
    2020-05-01 0 days 1,688 sqft
    2020-06-01 0 days 1,650 sqft
    2020-07-01 0 days 1,603 sqft
    2020-08-01 0 days 1,624 sqft
    2020-09-01 0 days 1,557 sqft
    2020-10-01 0 days 1,580 sqft
    2020-11-01 0 days 1,649 sqft
    2020-12-01 0 days 1,600 sqft
    2021-01-01 0 days 1,657 sqft
    2021-02-01 0 days 1,600 sqft
    2021-03-01 0 days 1,716 sqft
    2021-04-01 0 days 1,642 sqft
    2021-05-01 0 days 1,558 sqft
    2021-06-01 0 days 1,565 sqft
    2021-07-01 0 days 1,620 sqft
    2021-08-01 0 days 1,522 sqft
    2021-09-01 0 days 1,532 sqft
    2021-10-01 0 days 1,611 sqft
    2021-11-01 0 days 1,529 sqft
    2021-12-01 0 days 1,465 sqft
    2022-01-01 0 days 1,451 sqft
    2022-02-01 0 days 1,440 sqft
    2022-03-01 0 days 1,383 sqft
    2022-04-01 0 days 1,390 sqft
    2022-05-01 0 days 1,509 sqft
    2022-06-01 0 days 1,432 sqft
    2022-07-01 0 days 1,500 sqft
    2022-08-01 0 days 1,643 sqft
    2022-09-01 0 days 1,785 sqft
    2022-10-01 0 days 1,800 sqft
    2022-11-01 0 days 1,573 sqft
    2022-12-01 0 days 1,556 sqft
    2023-01-01 0 days 1,549 sqft
    2023-02-01 0 days 1,589 sqft
    2023-03-01 0 days 1,671 sqft
    2023-04-01 0 days 1,612 sqft
    2023-05-01 0 days 1,580 sqft
    2023-06-01 0 days 1,619 sqft
    2023-07-01 0 days 1,620 sqft
    2023-08-01 0 days 1,632 sqft
    2023-09-01 0 days 1,620 sqft
    2023-10-01 0 days 1,598 sqft
    2023-11-01 0 days 1,535 sqft
    2023-12-01 0 days 1,498 sqft
    2024-01-01 0 days 1,521 sqft
    2024-02-01 0 days 1,531 sqft
    2024-03-01 0 days 1,584 sqft
    2024-04-01 0 days 1,549 sqft
    2024-05-01 0 days 1,629 sqft
    2024-06-01 0 days 1,704 sqft
    2024-07-01 0 days 1,678 sqft
    2024-08-01 0 days 1,651 sqft
    2024-09-01 0 days 1,644 sqft
    2024-10-01 0 days 1,654 sqft
    Danville's median listing age (time on market) for 2024-10-01 was 0 days.

    Danville's median square footage for active listings during the 2024-10-01 period was 1,654 sqft. One year prior, the average listing was 1,598 sqft.