Davenport USDA Loan Rates, Closing Costs & Stats

DAVENPORT-MOLINE-ROCK ISLAND, IA-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.

    Davenport's 18 lenders originated 31 USDA loans during 2024. The total origination value was $4,295,000, with an average USDA loan value of $138,548.

    Davenport USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Davenport averaged 0.27% for the week of 2025-07-04, compared to the national average (all USDA variants) of 0% for the same period.

    Davenport's average USDA mortgage closing costs are $3,737.

    The average rate for the prior week (2025-06-27) was 6.41% and one month ago for the week of 2025-05-30, the average rate was 6.69%.

    The average rate one year ago was 6.99%.

    For refis of the same type during the week of 2025-07-04, the average rate was -0.15%.

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

    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 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Community Mortgage Banc Corporation 3 6.21% $4,061
    First Federal Bank 3 6.63% $3,993
    Equity Prime Mortgage LLC 3 6.79% $3,634
    NEWREZ LLC 2 7.25% $3,283
    American Bank and Trust Company 2 6.18% $5,743
    Plains Commerce Bank 2 6.63% $3,248
    RUHL MORTGAGE, LLC 2 5.62% $3,964
    HOMESIDE FINANCIAL, LLC 2 6.44% $5,123
    Flanagan State Bank 2 6.81% $7,257
    UNITED WHOLESALE MORTGAGE, LLC 1 6.69% $4,433
    CALCON MUTUAL MORTGAGE LLC 1 6.38% $4,700
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 6.75% $11,213
    GUILD MORTGAGE COMPANY 1 6.38% $7,583
    LOANDEPOT.COM, LLC 1 6.75% $7,171
    MICHIGAN MUTUAL, INC. 1 6.25% $5,443
    Mortgage Research Center, LLC 1 6.75% $1,932
    Old National Bank 1 6.00% $3,752
    SUCCESS MORTGAGE PARTNERS, INC. 1 6.63% $10,087

    The top Davenport USDA lender as defined by loan originations is Community Mortgage Banc Corporation, with 3 USDA loans originated. Their average total fees are $4,061, which is $69 higher than the next largest lender, First Federal Bank.

    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%) 0.56 547
    2024-06-01 $235,000 (0.0%) $305,386 (10.9%) 0.53 579
    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%) 0.50 752
    2025-02-01 $199,900 (-5.4%) $277,836 (-1.1%) 0.49 686
    2025-03-01 $210,000 (-1.2%) $290,606 (-0.3%) 0.49 680
    2025-04-01 $225,750 (-0.4%) $293,221 (-3.0%) 0.52 660
    2025-05-01 $230,999 (-6.0%) $296,021 (-5.1%) 0.53 666
    Davenport's median listing price for 2025-05-01 was $230,999, a difference of $-14,676 (-6.0%) versus the prior year and $5,249 versus the prior month.

    Davenport's median listing price comes in at 53% of the national average.

    Davenport's average listing price for 2025-05-01 was $296,021, a difference of $-15,856 (-5.1%) versus the prior year and $2,800 versus the prior month.

    For the 2025-05-01 period, Davenport had 666 MLS listings, a difference of 6 listings (1%) versus the prior month and 119 listings (22%) 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 51 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 40 days 1,681 sqft
    2024-06-01 39 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 61 days 1,601 sqft
    2025-02-01 65 days 1,576 sqft
    2025-03-01 51 days 1,584 sqft
    2025-04-01 38 days 1,607 sqft
    2025-05-01 43 days 1,632 sqft
    Davenport's median listing age (time on market) for 2025-05-01 was 43 days. This is 9% longer than the same period one year ago.

    Davenport's median square footage for active listings during the 2025-05-01 period was 1,632 sqft. One year prior, the average listing was 1,681 sqft.