Dixon USDA Loan Rates, Closing Costs & Stats

Dixon, 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.

    Dixon's 7 lenders originated 9 USDA loans during 2023. The total origination value was $1,305,000, with an average USDA loan value of $145,000.

    Dixon USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Dixon averaged 6.99% for the week of 2024-04-19, compared to the national average (all USDA variants) of 6.863% for the same period.

    Dixon's average USDA mortgage closing costs are $4,243.

    The average rate for the prior week (2024-04-12) was 6.95% and one month ago for the week of 2024-03-15, the average rate was 6.83%.

    The average rate one year ago was 6.37%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.86%.

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

    Dixon 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 Dixon level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Flanagan State Bank 2 7.13% $4,593
    CALIBER HOME LOANS, INC. 1 6.25% $5,655
    COMPASS MORTGAGE, INC. 1 6.25% $8,242
    BROKER SOLUTIONS, INC. 1 7.13% $6,514
    Old Second National Bank 1 5.63% $4,945
    PREMIER MORTGAGE RESOURCES, L.L.C. 1 6.25% $5,189
    FIRST CENTENNIAL MORTGAGE CORPORATION 1 7.13% $6,089

    The top Dixon USDA lender as defined by loan originations is Flanagan State Bank, with 2 USDA loans originated. Their average total fees are $4,593, which is $1,062 lower than the next largest lender, CALIBER HOME LOANS, INC..

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

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

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Dixon (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 $114,700 (-2.5%) $142,853 (-8.5%) 0.00 117
    2018-02-01 $121,725 (6.4%) $148,525 (-3.0%) 0.00 120
    2018-03-01 $119,900 (0.6%) $153,841 (-1.2%) 0.00 123
    2018-04-01 $125,725 (4.8%) $155,356 (-2.8%) 0.00 136
    2018-05-01 $129,200 (-0.2%) $158,719 (-3.0%) 0.00 146
    2018-06-01 $125,950 (3.9%) $158,830 (1.9%) 0.00 152
    2018-07-01 $119,675 (-0.2%) $153,434 (-0.3%) 0.00 143
    2018-08-01 $119,675 (0.6%) $157,003 (2.5%) 0.00 149
    2018-09-01 $125,000 (7.8%) $164,956 (9.9%) 0.00 142
    2018-10-01 $129,800 (13.6%) $167,644 (11.4%) 0.00 141
    2018-11-01 $124,675 (11.4%) $161,125 (13.8%) 0.00 131
    2018-12-01 $119,900 (14.2%) $159,172 (15.4%) 0.00 130
    2019-01-01 $116,950 (2.0%) $150,775 (5.6%) 0.00 131
    2019-02-01 $123,675 (1.6%) $156,926 (5.7%) 0.00 123
    2019-03-01 $127,829 (6.6%) $164,077 (6.7%) 0.00 119
    2019-04-01 $135,125 (7.5%) $177,741 (14.4%) 0.00 117
    2019-05-01 $138,700 (7.4%) $186,509 (17.5%) 0.00 111
    2019-06-01 $149,625 (18.8%) $188,512 (18.7%) 0.00 121
    2019-07-01 $147,225 (23.0%) $183,385 (19.5%) 0.00 118
    2019-08-01 $142,973 (19.5%) $177,590 (13.1%) 0.00 132
    2019-09-01 $133,257 (6.6%) $169,414 (2.7%) 0.00 140
    2019-10-01 $127,100 (-2.1%) $162,047 (-3.3%) 0.00 149
    2019-11-01 $127,900 (2.6%) $158,716 (-1.5%) 0.00 143
    2019-12-01 $128,175 (6.9%) $154,850 (-2.7%) 0.00 138
    2020-01-01 $129,000 (10.3%) $160,361 (6.4%) 0.00 132
    2020-02-01 $129,250 (4.5%) $156,284 (-0.4%) 0.00 120
    2020-03-01 $136,700 (6.9%) $165,436 (0.8%) 0.00 121
    2020-04-01 $140,550 (4.0%) $173,204 (-2.6%) 0.00 109
    2020-05-01 $135,000 (-2.7%) $164,969 (-11.6%) 0.00 99
    2020-06-01 $145,700 (-2.6%) $182,819 (-3.0%) 0.00 97
    2020-07-01 $139,675 (-5.1%) $176,568 (-3.7%) 0.00 106
    2020-08-01 $135,000 (-5.6%) $174,972 (-1.5%) 0.00 96
    2020-09-01 $136,700 (2.6%) $165,870 (-2.1%) 0.00 100
    2020-10-01 $139,000 (9.4%) $174,163 (7.5%) 0.00 104
    2020-11-01 $129,900 (1.6%) $173,913 (9.6%) 0.00 93
    2020-12-01 $125,925 (-1.8%) $159,676 (3.1%) 0.00 79
    2021-01-01 $124,900 (-3.2%) $164,688 (2.7%) 0.00 68
    2021-02-01 $127,400 (-1.4%) $169,855 (8.7%) 0.00 67
    2021-03-01 $129,250 (-5.5%) $167,369 (1.2%) 0.00 53
    2021-04-01 $134,175 (-4.5%) $170,991 (-1.3%) 0.00 45
    2021-05-01 $132,000 (-2.2%) $181,602 (10.1%) 0.00 37
    2021-06-01 $144,950 (-0.5%) $193,029 (5.6%) 0.00 44
    2021-07-01 $134,000 (-4.1%) $203,647 (15.3%) 0.00 54
    2021-08-01 $133,350 (-1.2%) $202,425 (15.7%) 0.00 61
    2021-09-01 $135,250 (-1.1%) $200,923 (21.1%) 0.00 67
    2021-10-01 $148,700 (7.0%) $201,409 (15.6%) 0.00 62
    2021-11-01 $136,200 (4.9%) $183,461 (5.5%) 0.00 59
    2021-12-01 $127,000 (0.9%) $172,870 (8.3%) 0.00 58
    2022-01-01 $117,000 (-6.3%) $161,293 (-2.1%) 0.00 48
    2022-02-01 $115,500 (-9.3%) $151,715 (-10.7%) 0.00 50
    2022-03-01 $115,225 (-10.9%) $173,144 (3.5%) 0.00 45
    2022-04-01 $110,000 (-18.0%) $256,671 (50.1%) 0.00 35
    2022-05-01 $112,575 (-14.7%) $238,531 (31.4%) 0.00 43
    2022-06-01 $173,725 (19.9%) $256,091 (32.7%) 0.00 48
    2022-07-01 $189,000 (41.0%) $269,489 (32.3%) 0.00 55
    2022-08-01 $183,450 (37.6%) $264,703 (30.8%) 0.00 59
    2022-09-01 $172,450 (27.5%) $253,859 (26.4%) 0.00 59
    2022-10-01 $160,000 (7.6%) $239,100 (18.7%) 0.00 56
    2022-11-01 $145,000 (6.5%) $227,110 (23.8%) 0.00 51
    2022-12-01 $162,500 (28.0%) $224,695 (30.0%) 0.00 48
    2023-01-01 $133,250 (13.9%) $156,912 (-2.7%) 0.00 42
    2023-02-01 $139,425 (20.7%) $169,927 (12.0%) 0.00 35
    2023-03-01 $147,000 (27.6%) $175,097 (1.1%) 0.00 38
    2023-04-01 $181,950 (65.4%) $208,711 (-18.7%) 0.00 38
    2023-05-01 $191,000 (69.7%) $231,657 (-2.9%) 0.00 45
    2023-06-01 $201,225 (15.8%) $232,518 (-9.2%) 0.00 46
    2023-07-01 $225,000 (19.1%) $243,571 (-9.6%) 0.00 40
    2023-08-01 $223,500 (21.8%) $243,218 (-8.1%) 0.00 35
    2023-09-01 $189,900 (10.1%) $234,933 (-7.5%) 0.00 59
    2023-10-01 $186,575 (16.6%) $237,797 (-0.5%) 0.00 59
    2023-11-01 $179,900 (24.1%) $235,693 (3.8%) 0.00 50
    2023-12-01 $172,250 (6.0%) $223,116 (-0.7%) 0.00 47
    2024-01-01 $178,900 (34.3%) $236,635 (50.8%) 0.00 41
    2024-02-01 $199,950 (43.4%) $256,274 (50.8%) 0.00 35
    2024-03-01 $199,950 (36.0%) $254,059 (45.1%) 0.00 32
    Dixon's median listing price for 2024-03-01 was $199,950, a difference of $52,950 (36.0%) versus the prior year and $0 versus the prior month.

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

    Dixon's average listing price for 2024-03-01 was $254,059, a difference of $78,962 (45.1%) versus the prior year and $-2,215 versus the prior month.

    For the 2024-03-01 period, Dixon had 32 MLS listings, a difference of -3 listings (-9%) versus the prior month and -6 listings (-16%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Dixon (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,615 sqft
    2018-02-01 0 days 1,651 sqft
    2018-03-01 0 days 1,624 sqft
    2018-04-01 0 days 1,652 sqft
    2018-05-01 0 days 1,680 sqft
    2018-06-01 0 days 1,670 sqft
    2018-07-01 0 days 1,680 sqft
    2018-08-01 0 days 1,680 sqft
    2018-09-01 0 days 1,716 sqft
    2018-10-01 0 days 1,719 sqft
    2018-11-01 0 days 1,748 sqft
    2018-12-01 0 days 1,680 sqft
    2019-01-01 0 days 1,656 sqft
    2019-02-01 0 days 1,710 sqft
    2019-03-01 0 days 1,711 sqft
    2019-04-01 0 days 1,721 sqft
    2019-05-01 0 days 1,758 sqft
    2019-06-01 0 days 1,757 sqft
    2019-07-01 0 days 1,750 sqft
    2019-08-01 0 days 1,723 sqft
    2019-09-01 0 days 1,668 sqft
    2019-10-01 0 days 1,652 sqft
    2019-11-01 0 days 1,630 sqft
    2019-12-01 0 days 1,547 sqft
    2020-01-01 0 days 1,525 sqft
    2020-02-01 0 days 1,581 sqft
    2020-03-01 0 days 1,728 sqft
    2020-04-01 0 days 1,792 sqft
    2020-05-01 0 days 1,729 sqft
    2020-06-01 0 days 1,806 sqft
    2020-07-01 0 days 1,782 sqft
    2020-08-01 0 days 1,781 sqft
    2020-09-01 0 days 1,812 sqft
    2020-10-01 0 days 1,828 sqft
    2020-11-01 0 days 1,753 sqft
    2020-12-01 0 days 1,627 sqft
    2021-01-01 0 days 1,625 sqft
    2021-02-01 0 days 1,643 sqft
    2021-03-01 0 days 1,634 sqft
    2021-04-01 0 days 1,501 sqft
    2021-05-01 0 days 1,505 sqft
    2021-06-01 0 days 1,524 sqft
    2021-07-01 0 days 1,594 sqft
    2021-08-01 0 days 1,587 sqft
    2021-09-01 0 days 1,582 sqft
    2021-10-01 0 days 1,558 sqft
    2021-11-01 0 days 1,542 sqft
    2021-12-01 0 days 1,541 sqft
    2022-01-01 0 days 1,668 sqft
    2022-02-01 0 days 1,464 sqft
    2022-03-01 0 days 1,495 sqft
    2022-04-01 0 days 1,404 sqft
    2022-05-01 0 days 1,385 sqft
    2022-06-01 0 days 1,624 sqft
    2022-07-01 0 days 1,784 sqft
    2022-08-01 0 days 1,707 sqft
    2022-09-01 0 days 1,620 sqft
    2022-10-01 0 days 1,592 sqft
    2022-11-01 0 days 1,503 sqft
    2022-12-01 0 days 1,374 sqft
    2023-01-01 0 days 1,350 sqft
    2023-02-01 0 days 1,382 sqft
    2023-03-01 0 days 1,451 sqft
    2023-04-01 0 days 1,500 sqft
    2023-05-01 0 days 1,523 sqft
    2023-06-01 0 days 1,519 sqft
    2023-07-01 0 days 1,571 sqft
    2023-08-01 0 days 1,531 sqft
    2023-09-01 0 days 1,776 sqft
    2023-10-01 0 days 1,848 sqft
    2023-11-01 0 days 1,841 sqft
    2023-12-01 0 days 1,726 sqft
    2024-01-01 0 days 1,892 sqft
    2024-02-01 0 days 1,941 sqft
    2024-03-01 0 days 1,924 sqft
    Dixon's median listing age (time on market) for 2024-03-01 was 0 days.

    Dixon's median square footage for active listings during the 2024-03-01 period was 1,924 sqft. One year prior, the average listing was 1,451 sqft.