Dixon USDA Loan Rates, Closing Costs & Stats

Dixon, 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.

Dixon's 8 lenders originated 8 USDA loans during 2024. The total origination value was $1,080,000, with an average USDA loan value of $135,000.

Dixon USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Dixon averaged 6.92% for the week of 2025-05-09, compared to the national average (all USDA variants) of 6.468% for the same period.

Dixon's average USDA mortgage closing costs are $4,375.

The average rate for the prior week (2025-05-02) was 6.55% and one month ago for the week of 2025-04-04, the average rate was 6.66%.

The average rate one year ago was 7.12%.

For refis of the same type during the week of 2025-05-09, the average rate was 6.27%.

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 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
Bankers' Bank 1 7.50% $5,164
Bank of England 1 6.25% $7,535
Community Mortgage Banc Corporation 1 7.13% $5,331
COMPASS MORTGAGE, INC. 1 7.50% $6,523
ENVOY MORTGAGE, LTD 1 7.13% $5,813
Flanagan State Bank 1 6.38% $5,859
MUTUAL OF OMAHA MORTGAGE, INC. 1 6.75% $6,601
U.S. Bank 1 6.63% $4,402

The top Dixon USDA lender as defined by loan originations is Bankers' Bank, with 1 USDA loans originated. Their average total fees are $5,164, which is $2,371 lower than the next largest lender, Bank of England.

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

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