Davenport USDA Loan Rates, Closing Costs & Stats
DAVENPORT-MOLINE-ROCK ISLAND, IA-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.
Davenport's 14 lenders originated 35 USDA loans during 2023. The total origination value was $3,995,000, with an average USDA loan value of $114,143.
Davenport USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Davenport
averaged
6.41%
for the week of 2025-02-14, compared to the national average (all USDA variants) of
6.526% for the same period.
Davenport's average USDA mortgage closing costs are $3,660.
The average rate for the prior week (2025-02-07) was
6.26% and
one month ago for the week of 2025-01-10, the
average rate was 6.31%.
The average rate one year ago was 6.2%.
For refis of the same type during the week of 2025-02-14, the average rate
was 6.27%.
Davenport 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 Davenport level.
| Name | # of Loans | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
|---|---|---|---|
| Community Mortgage Banc Corporation | 6 | 6.38% | $3,581 |
| RUHL MORTGAGE, LLC | 3 | 5.96% | $2,404 |
| SUCCESS MORTGAGE PARTNERS, INC. | 3 | 6.96% | $6,444 |
| BROKER SOLUTIONS, INC. | 3 | 6.58% | $6,193 |
| OPEN MORTGAGE, LLC | 2 | 6.63% | $6,873 |
| Fortress Bank | 1 | 6.25% | $3,030 |
| GERSHMAN INVESTMENT CORP. | 1 | 7.13% | $2,962 |
| IOWA BANKERS MORTGAGE CORPORATION | 1 | 6.50% | $4,959 |
| Plains Commerce Bank | 1 | 7.13% | $4,394 |
| UNION HOME MORTGAGE CORP. | 1 | 6.75% | $7,851 |
| CARDINAL FINANCIAL | 1 | 5.75% | $4,747 |
| Carrollton Bank | 1 | 6.25% | $4,421 |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | 1 | 6.25% | $7,663 |
| Flanagan State Bank | 1 | 7.13% | $5,050 |
The top Davenport USDA lender as defined by loan originations is Community Mortgage Banc Corporation, with
6 USDA loans originated. Their average total fees are
$3,581, which is $1,177
higher than the next largest lender,
RUHL MORTGAGE, LLC.
The lowest fee Davenport USDA lenders (with over 10 loans originated) are
.
The lowest rate Davenport USDA lenders (with over 10 loans originated) are
.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Davenport (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 | $143,725 (6.5%) | $206,931 (7.3%) | 0.53 | 1,241 |
| 2018-02-01 | $143,250 (0.6%) | $206,833 (2.6%) | 0.52 | 1,198 |
| 2018-03-01 | $149,900 (3.8%) | $210,557 (2.8%) | 0.53 | 1,207 |
| 2018-04-01 | $166,475 (18.3%) | $229,432 (10.2%) | 0.56 | 1,171 |
| 2018-05-01 | $164,800 (10.3%) | $225,915 (6.7%) | 0.55 | 1,220 |
| 2018-06-01 | $167,700 (11.8%) | $226,153 (4.2%) | 0.56 | 1,309 |
| 2018-07-01 | $160,975 (7.4%) | $221,520 (2.0%) | 0.54 | 1,368 |
| 2018-08-01 | $163,950 (9.4%) | $223,513 (2.8%) | 0.55 | 1,416 |
| 2018-09-01 | $159,900 (6.7%) | $220,091 (3.9%) | 0.54 | 1,446 |
| 2018-10-01 | $155,000 (3.4%) | $214,588 (1.7%) | 0.53 | 1,441 |
| 2018-11-01 | $151,313 (0.9%) | $211,468 (-0.5%) | 0.51 | 1,423 |
| 2018-12-01 | $149,900 (0.6%) | $206,019 (-1.7%) | 0.52 | 1,318 |
| 2019-01-01 | $149,450 (4.0%) | $206,392 (-0.3%) | 0.52 | 1,195 |
| 2019-02-01 | $148,950 (4.0%) | $207,838 (0.5%) | 0.50 | 1,154 |
| 2019-03-01 | $146,114 (-2.5%) | $210,625 (0.0%) | 0.48 | 1,156 |
| 2019-04-01 | $147,250 (-11.6%) | $213,605 (-6.9%) | 0.47 | 1,188 |
| 2019-05-01 | $149,900 (-9.0%) | $212,632 (-5.9%) | 0.47 | 1,201 |
| 2019-06-01 | $155,000 (-7.6%) | $214,600 (-5.1%) | 0.48 | 1,311 |
| 2019-07-01 | $154,850 (-3.8%) | $213,393 (-3.7%) | 0.48 | 1,331 |
| 2019-08-01 | $153,609 (-6.3%) | $211,445 (-5.4%) | 0.49 | 1,391 |
| 2019-09-01 | $151,523 (-5.2%) | $210,130 (-4.5%) | 0.48 | 1,429 |
| 2019-10-01 | $149,900 (-3.3%) | $209,254 (-2.5%) | 0.48 | 1,459 |
| 2019-11-01 | $149,900 (-0.9%) | $206,800 (-2.2%) | 0.49 | 1,437 |
| 2019-12-01 | $145,500 (-2.9%) | $201,383 (-2.3%) | 0.49 | 1,357 |
| 2020-01-01 | $144,888 (-3.1%) | $202,229 (-2.0%) | 0.48 | 1,290 |
| 2020-02-01 | $144,000 (-3.3%) | $202,853 (-2.4%) | 0.47 | 1,199 |
| 2020-03-01 | $144,975 (-0.8%) | $207,763 (-1.4%) | 0.45 | 1,103 |
| 2020-04-01 | $156,175 (6.1%) | $215,209 (0.8%) | 0.49 | 1,067 |
| 2020-05-01 | $165,000 (10.1%) | $223,799 (5.3%) | 0.50 | 1,011 |
| 2020-06-01 | $179,970 (16.1%) | $231,759 (8.0%) | 0.53 | 932 |
| 2020-07-01 | $181,923 (17.5%) | $236,031 (10.6%) | 0.53 | 892 |
| 2020-08-01 | $170,000 (10.7%) | $231,493 (9.5%) | 0.49 | 864 |
| 2020-09-01 | $176,800 (16.7%) | $232,897 (10.8%) | 0.51 | 832 |
| 2020-10-01 | $149,900 (0.0%) | $218,282 (4.3%) | 0.43 | 823 |
| 2020-11-01 | $142,500 (-4.9%) | $213,129 (3.1%) | 0.42 | 812 |
| 2020-12-01 | $141,225 (-2.9%) | $212,768 (5.7%) | 0.42 | 737 |
| 2021-01-01 | $131,950 (-8.9%) | $208,295 (3.0%) | 0.39 | 623 |
| 2021-02-01 | $130,975 (-9.1%) | $218,215 (7.6%) | 0.38 | 523 |
| 2021-03-01 | $142,450 (-1.7%) | $220,476 (6.1%) | 0.40 | 493 |
| 2021-04-01 | $165,125 (5.7%) | $231,232 (7.5%) | 0.45 | 464 |
| 2021-05-01 | $165,000 (0.0%) | $225,612 (0.8%) | 0.44 | 486 |
| 2021-06-01 | $151,125 (-16.0%) | $221,475 (-4.4%) | 0.40 | 649 |
| 2021-07-01 | $130,000 (-28.5%) | $197,664 (-16.3%) | 0.34 | 800 |
| 2021-08-01 | $128,725 (-24.3%) | $195,044 (-15.8%) | 0.34 | 823 |
| 2021-09-01 | $129,950 (-26.5%) | $195,123 (-16.2%) | 0.35 | 900 |
| 2021-10-01 | $135,000 (-9.9%) | $194,639 (-10.8%) | 0.36 | 948 |
| 2021-11-01 | $134,925 (-5.3%) | $189,684 (-11.0%) | 0.36 | 895 |
| 2021-12-01 | $129,500 (-8.3%) | $187,429 (-11.9%) | 0.35 | 806 |
| 2022-01-01 | $124,950 (-5.3%) | $180,338 (-13.4%) | 0.34 | 640 |
| 2022-02-01 | $126,000 (-3.8%) | $180,566 (-17.3%) | 0.33 | 503 |
| 2022-03-01 | $134,900 (-5.3%) | $190,461 (-13.6%) | 0.34 | 413 |
| 2022-04-01 | $142,500 (-13.7%) | $204,230 (-11.7%) | 0.34 | 407 |
| 2022-05-01 | $165,000 (0.0%) | $232,357 (3.0%) | 0.38 | 459 |
| 2022-06-01 | $175,000 (15.8%) | $237,207 (7.1%) | 0.39 | 532 |
| 2022-07-01 | $189,900 (46.1%) | $245,153 (24.0%) | 0.43 | 552 |
| 2022-08-01 | $192,000 (49.2%) | $254,836 (30.7%) | 0.44 | 567 |
| 2022-09-01 | $215,225 (65.6%) | $266,708 (36.7%) | 0.50 | 572 |
| 2022-10-01 | $195,500 (44.8%) | $254,477 (30.7%) | 0.46 | 625 |
| 2022-11-01 | $182,500 (35.3%) | $247,380 (30.4%) | 0.44 | 684 |
| 2022-12-01 | $189,900 (46.6%) | $247,772 (32.2%) | 0.47 | 625 |
| 2023-01-01 | $190,000 (52.1%) | $250,106 (38.7%) | 0.47 | 552 |
| 2023-02-01 | $201,975 (60.3%) | $248,341 (37.5%) | 0.49 | 533 |
| 2023-03-01 | $209,900 (55.6%) | $254,134 (33.4%) | 0.50 | 490 |
| 2023-04-01 | $219,950 (54.4%) | $263,259 (28.9%) | 0.51 | 495 |
| 2023-05-01 | $222,450 (34.8%) | $269,602 (16.0%) | 0.50 | 477 |
| 2023-06-01 | $234,950 (34.3%) | $275,343 (16.1%) | 0.53 | 514 |
| 2023-07-01 | $250,000 (31.7%) | $293,496 (19.7%) | 0.57 | 534 |
| 2023-08-01 | $240,450 (25.2%) | $292,502 (14.8%) | 0.55 | 560 |
| 2023-09-01 | $237,098 (10.2%) | $292,868 (9.8%) | 0.55 | 568 |
| 2023-10-01 | $238,000 (21.7%) | $288,442 (13.4%) | 0.56 | 604 |
| 2023-11-01 | $234,125 (28.3%) | $288,170 (16.5%) | 0.56 | 627 |
| 2023-12-01 | $224,900 (18.4%) | $281,567 (13.6%) | 0.55 | 597 |
| 2024-01-01 | $217,950 (14.7%) | $278,923 (11.5%) | 0.53 | 539 |
| 2024-02-01 | $211,200 (4.6%) | $280,923 (13.1%) | 0.51 | 517 |
| 2024-03-01 | $212,450 (1.2%) | $291,368 (14.7%) | 0.50 | 516 |
| 2024-04-01 | $226,597 (3.0%) | $302,148 (14.8%) | 0.53 | 540 |
| 2024-05-01 | $245,675 (10.4%) | $311,877 (15.7%) | 0.58 | 547 |
| 2024-06-01 | $235,000 (0.0%) | $305,386 (10.9%) | 0.55 | 579 |
| 2024-07-01 | $217,500 (-13.0%) | $301,294 (2.7%) | 0.50 | 656 |
| 2024-08-01 | $215,000 (-10.6%) | $301,310 (3.0%) | 0.50 | 741 |
| 2024-09-01 | $199,950 (-15.7%) | $284,105 (-3.0%) | 0.47 | 805 |
| 2024-10-01 | $196,950 (-17.3%) | $274,834 (-4.7%) | 0.46 | 829 |
| 2024-11-01 | $194,950 (-16.7%) | $269,011 (-6.7%) | 0.47 | 877 |
| 2024-12-01 | $199,575 (-11.3%) | $273,821 (-2.8%) | 0.50 | 832 |
| 2025-01-01 | $199,950 (-8.3%) | $278,120 (-0.3%) | 0.00 | 752 |
Davenport's median listing price comes in at 0% of the national average.
Davenport's average listing price for 2025-01-01 was $278,120, a difference of $-803 (-0.3%) versus the prior year and $4,299 versus the prior month.
For the 2025-01-01 period, Davenport had 752 MLS listings, a difference of -80 listings (-10%) versus the prior month and 213 listings (40%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Davenport (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 73 days | 1,510 sqft |
| 2018-02-01 | 68 days | 1,506 sqft |
| 2018-03-01 | 60 days | 1,540 sqft |
| 2018-04-01 | 51 days | 1,564 sqft |
| 2018-05-01 | 45 days | 1,543 sqft |
| 2018-06-01 | 47 days | 1,546 sqft |
| 2018-07-01 | 50 days | 1,530 sqft |
| 2018-08-01 | 51 days | 1,518 sqft |
| 2018-09-01 | 54 days | 1,513 sqft |
| 2018-10-01 | 58 days | 1,488 sqft |
| 2018-11-01 | 59 days | 1,474 sqft |
| 2018-12-01 | 65 days | 1,474 sqft |
| 2019-01-01 | 71 days | 1,474 sqft |
| 2019-02-01 | 73 days | 1,474 sqft |
| 2019-03-01 | 59 days | 1,474 sqft |
| 2019-04-01 | 40 days | 1,474 sqft |
| 2019-05-01 | 37 days | 1,477 sqft |
| 2019-06-01 | 44 days | 1,520 sqft |
| 2019-07-01 | 50 days | 1,716 sqft |
| 2019-08-01 | 54 days | 1,749 sqft |
| 2019-09-01 | 59 days | 1,752 sqft |
| 2019-10-01 | 61 days | 1,755 sqft |
| 2019-11-01 | 63 days | 1,697 sqft |
| 2019-12-01 | 72 days | 1,654 sqft |
| 2020-01-01 | 80 days | 1,637 sqft |
| 2020-02-01 | 82 days | 1,608 sqft |
| 2020-03-01 | 73 days | 1,611 sqft |
| 2020-04-01 | 72 days | 1,664 sqft |
| 2020-05-01 | 61 days | 1,698 sqft |
| 2020-06-01 | 54 days | 1,750 sqft |
| 2020-07-01 | 52 days | 1,739 sqft |
| 2020-08-01 | 45 days | 1,723 sqft |
| 2020-09-01 | 49 days | 1,723 sqft |
| 2020-10-01 | 47 days | 1,633 sqft |
| 2020-11-01 | 52 days | 1,611 sqft |
| 2020-12-01 | 60 days | 1,593 sqft |
| 2021-01-01 | 66 days | 1,566 sqft |
| 2021-02-01 | 63 days | 1,592 sqft |
| 2021-03-01 | 53 days | 1,590 sqft |
| 2021-04-01 | 41 days | 1,591 sqft |
| 2021-05-01 | 34 days | 1,596 sqft |
| 2021-06-01 | 28 days | 1,541 sqft |
| 2021-07-01 | 36 days | 1,474 sqft |
| 2021-08-01 | 41 days | 1,474 sqft |
| 2021-09-01 | 47 days | 1,490 sqft |
| 2021-10-01 | 48 days | 1,496 sqft |
| 2021-11-01 | 56 days | 1,514 sqft |
| 2021-12-01 | 65 days | 1,480 sqft |
| 2022-01-01 | 76 days | 1,463 sqft |
| 2022-02-01 | 77 days | 1,442 sqft |
| 2022-03-01 | 45 days | 1,468 sqft |
| 2022-04-01 | 38 days | 1,474 sqft |
| 2022-05-01 | 34 days | 1,578 sqft |
| 2022-06-01 | 37 days | 1,587 sqft |
| 2022-07-01 | 38 days | 1,624 sqft |
| 2022-08-01 | 43 days | 1,616 sqft |
| 2022-09-01 | 42 days | 1,603 sqft |
| 2022-10-01 | 43 days | 1,570 sqft |
| 2022-11-01 | 48 days | 1,556 sqft |
| 2022-12-01 | 59 days | 1,546 sqft |
| 2023-01-01 | 71 days | 1,549 sqft |
| 2023-02-01 | 62 days | 1,504 sqft |
| 2023-03-01 | 47 days | 1,498 sqft |
| 2023-04-01 | 47 days | 1,546 sqft |
| 2023-05-01 | 46 days | 1,549 sqft |
| 2023-06-01 | 44 days | 1,609 sqft |
| 2023-07-01 | 40 days | 1,667 sqft |
| 2023-08-01 | 40 days | 1,665 sqft |
| 2023-09-01 | 40 days | 1,677 sqft |
| 2023-10-01 | 41 days | 1,685 sqft |
| 2023-11-01 | 43 days | 1,690 sqft |
| 2023-12-01 | 51 days | 1,658 sqft |
| 2024-01-01 | 64 days | 1,622 sqft |
| 2024-02-01 | 61 days | 1,620 sqft |
| 2024-03-01 | 40 days | 1,612 sqft |
| 2024-04-01 | 43 days | 1,660 sqft |
| 2024-05-01 | 37 days | 1,681 sqft |
| 2024-06-01 | 36 days | 1,700 sqft |
| 2024-07-01 | 38 days | 1,725 sqft |
| 2024-08-01 | 38 days | 1,711 sqft |
| 2024-09-01 | 41 days | 1,691 sqft |
| 2024-10-01 | 42 days | 1,664 sqft |
| 2024-11-01 | 46 days | 1,639 sqft |
| 2024-12-01 | 52 days | 1,616 sqft |
| 2025-01-01 | 0 days | 1,601 sqft |
Davenport's median square footage for active listings during the 2025-01-01 period was 1,601 sqft. One year prior, the average listing was 1,622 sqft.