Escanaba USDA Loan Rates, Closing Costs & Stats

Escanaba, MI

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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.

    Escanaba's 3 lenders originated 4 USDA loans during 2023. The total origination value was $530,000, with an average USDA loan value of $132,500.

    Escanaba USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Escanaba averaged 0.17% for the week of 2024-11-15, compared to the national average (all USDA variants) of 0% for the same period.

    Escanaba's average USDA mortgage closing costs are $3,551.

    The average rate for the prior week (2024-11-08) was 6.72% and one month ago for the week of 2024-10-11, the average rate was 6.38%.

    The average rate one year ago was 7.21%.

    For refis of the same type during the week of 2024-11-15, the average rate was 0.2%.

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

    Escanaba 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 Escanaba level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    FIRST CENTENNIAL MORTGAGE CORPORATION 2 6.06% $5,204
    AMERICAN FINANCIAL NETWORK, INC. 1 5.25% $7,350
    Paramount Residential Mortgage Group, Inc. 1 7.00% $6,051

    The top Escanaba USDA lender as defined by loan originations is FIRST CENTENNIAL MORTGAGE CORPORATION, with 2 USDA loans originated. Their average total fees are $5,204, which is $2,145 lower than the next largest lender, AMERICAN FINANCIAL NETWORK, INC..

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

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

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Escanaba (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 $117,350 (5.6%) $158,826 (6.7%) 0.00 169
    2018-02-01 $130,975 (15.2%) $171,236 (13.9%) 0.00 144
    2018-03-01 $136,450 (18.7%) $159,905 (2.5%) 0.00 143
    2018-04-01 $139,450 (21.3%) $166,076 (5.0%) 0.00 149
    2018-05-01 $139,925 (17.8%) $165,807 (-1.8%) 0.00 186
    2018-06-01 $139,900 (15.7%) $167,511 (-1.3%) 0.00 238
    2018-07-01 $129,700 (3.8%) $160,089 (-6.7%) 0.00 250
    2018-08-01 $129,950 (4.6%) $159,047 (-5.8%) 0.00 261
    2018-09-01 $124,400 (0.7%) $158,663 (-6.7%) 0.00 259
    2018-10-01 $118,700 (-0.8%) $152,201 (-9.4%) 0.00 253
    2018-11-01 $116,375 (-5.0%) $152,284 (-7.0%) 0.00 232
    2018-12-01 $117,000 (-6.3%) $146,751 (-9.8%) 0.00 206
    2019-01-01 $104,750 (-10.7%) $143,493 (-9.7%) 0.00 181
    2019-02-01 $115,050 (-12.2%) $151,962 (-11.3%) 0.00 169
    2019-03-01 $127,957 (-6.2%) $164,596 (2.9%) 0.00 164
    2019-04-01 $141,075 (1.2%) $178,837 (7.7%) 0.00 161
    2019-05-01 $144,100 (3.0%) $177,225 (6.9%) 0.00 169
    2019-06-01 $149,900 (7.2%) $182,382 (8.9%) 0.00 188
    2019-07-01 $143,700 (10.8%) $178,857 (11.7%) 0.00 199
    2019-08-01 $135,836 (4.5%) $175,290 (10.2%) 0.00 213
    2019-09-01 $129,741 (4.3%) $169,440 (6.8%) 0.00 220
    2019-10-01 $124,975 (5.3%) $165,182 (8.5%) 0.00 228
    2019-11-01 $124,900 (7.3%) $165,768 (8.9%) 0.00 219
    2019-12-01 $120,000 (2.6%) $167,022 (13.8%) 0.00 196
    2020-01-01 $119,925 (14.5%) $170,384 (18.7%) 0.00 170
    2020-02-01 $119,900 (4.2%) $169,064 (11.3%) 0.00 163
    2020-03-01 $118,725 (-7.2%) $173,426 (5.4%) 0.00 159
    2020-04-01 $129,225 (-8.4%) $172,216 (-3.7%) 0.00 148
    2020-05-01 $124,500 (-13.6%) $179,682 (1.4%) 0.00 148
    2020-06-01 $142,225 (-5.1%) $200,254 (9.8%) 0.00 137
    2020-07-01 $139,900 (-2.6%) $201,021 (12.4%) 0.00 129
    2020-08-01 $120,000 (-11.7%) $192,666 (9.9%) 0.00 137
    2020-09-01 $126,175 (-2.8%) $198,642 (17.2%) 0.00 125
    2020-10-01 $137,750 (10.2%) $198,596 (20.2%) 0.00 104
    2020-11-01 $128,350 (2.8%) $192,589 (16.2%) 0.00 97
    2020-12-01 $120,300 (0.3%) $193,201 (15.7%) 0.00 97
    2021-01-01 $118,400 (-1.3%) $186,207 (9.3%) 0.00 76
    2021-02-01 $110,500 (-7.8%) $197,443 (16.8%) 0.00 58
    2021-03-01 $161,475 (36.0%) $244,225 (40.8%) 0.00 44
    2021-04-01 $184,450 (42.7%) $272,932 (58.5%) 0.00 45
    2021-05-01 $159,950 (28.5%) $265,662 (47.9%) 0.00 49
    2021-06-01 $197,450 (38.8%) $274,425 (37.0%) 0.00 61
    2021-07-01 $184,900 (32.2%) $264,371 (31.5%) 0.00 70
    2021-08-01 $166,125 (38.4%) $249,497 (29.5%) 0.00 78
    2021-09-01 $164,925 (30.7%) $258,308 (30.0%) 0.00 78
    2021-10-01 $159,900 (16.1%) $275,803 (38.9%) 0.00 71
    2021-11-01 $159,150 (24.0%) $261,125 (35.6%) 0.00 64
    2021-12-01 $161,150 (34.0%) $273,592 (41.6%) 0.00 54
    2022-01-01 $169,900 (43.5%) $343,850 (84.7%) 0.00 36
    2022-02-01 $189,900 (71.9%) $348,487 (76.5%) 0.00 32
    2022-03-01 $182,625 (13.1%) $354,660 (45.2%) 0.00 30
    2022-04-01 $196,200 (6.4%) $377,265 (38.2%) 0.00 37
    2022-05-01 $259,675 (62.4%) $354,507 (33.4%) 0.00 46
    2022-06-01 $215,950 (9.4%) $329,266 (20.0%) 0.00 49
    2022-07-01 $254,950 (37.9%) $350,098 (32.4%) 0.00 57
    2022-08-01 $277,475 (67.0%) $349,198 (40.0%) 0.00 69
    2022-09-01 $259,950 (57.6%) $343,683 (33.1%) 0.00 68
    2022-10-01 $204,750 (28.1%) $287,008 (4.1%) 0.00 68
    2022-11-01 $177,975 (11.8%) $275,812 (5.6%) 0.00 62
    2022-12-01 $179,000 (11.1%) $290,293 (6.1%) 0.00 57
    2023-01-01 $169,450 (-0.3%) $287,464 (-16.4%) 0.00 48
    2023-02-01 $219,250 (15.5%) $344,180 (-1.2%) 0.00 37
    2023-03-01 $400,225 (119.2%) $425,539 (20.0%) 0.00 32
    2023-04-01 $415,000 (111.5%) $428,408 (13.6%) 0.00 26
    2023-05-01 $317,625 (22.3%) $372,838 (5.2%) 0.00 36
    2023-06-01 $290,000 (34.3%) $376,559 (14.4%) 0.00 44
    2023-07-01 $293,250 (15.0%) $410,013 (17.1%) 0.00 46
    2023-08-01 $314,750 (13.4%) $416,632 (19.3%) 0.00 48
    2023-09-01 $279,000 (7.3%) $384,885 (12.0%) 0.00 59
    2023-10-01 $255,000 (24.5%) $360,811 (25.7%) 0.00 65
    2023-11-01 $204,675 (15.0%) $355,612 (28.9%) 0.00 63
    2023-12-01 $199,900 (11.7%) $345,530 (19.0%) 0.00 63
    2024-01-01 $224,750 (32.6%) $370,940 (29.0%) 0.00 54
    2024-02-01 $225,000 (2.6%) $390,482 (13.5%) 0.00 57
    2024-03-01 $249,900 (-37.6%) $429,893 (1.0%) 0.00 50
    2024-04-01 $271,000 (-34.7%) $426,746 (-0.4%) 0.00 50
    2024-05-01 $274,750 (-13.5%) $425,448 (14.1%) 0.00 55
    2024-06-01 $277,000 (-4.5%) $362,336 (-3.8%) 0.00 57
    2024-07-01 $275,000 (-6.2%) $359,440 (-12.3%) 0.00 55
    2024-08-01 $320,000 (1.7%) $368,855 (-11.5%) 0.00 53
    2024-09-01 $314,500 (12.7%) $363,770 (-5.5%) 0.00 55
    2024-10-01 $304,450 (19.4%) $422,436 (17.1%) 0.00 68
    Escanaba's median listing price for 2024-10-01 was $304,450, a difference of $49,450 (19.4%) versus the prior year and $-10,050 versus the prior month.

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

    Escanaba's average listing price for 2024-10-01 was $422,436, a difference of $61,625 (17.1%) versus the prior year and $58,666 versus the prior month.

    For the 2024-10-01 period, Escanaba had 68 MLS listings, a difference of 13 listings (24%) versus the prior month and 3 listings (5%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Escanaba (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,447 sqft
    2018-02-01 0 days 1,536 sqft
    2018-03-01 0 days 1,506 sqft
    2018-04-01 0 days 1,499 sqft
    2018-05-01 0 days 1,465 sqft
    2018-06-01 0 days 1,445 sqft
    2018-07-01 0 days 1,484 sqft
    2018-08-01 0 days 1,484 sqft
    2018-09-01 0 days 1,484 sqft
    2018-10-01 0 days 1,442 sqft
    2018-11-01 0 days 1,423 sqft
    2018-12-01 0 days 1,472 sqft
    2019-01-01 0 days 1,389 sqft
    2019-02-01 0 days 1,441 sqft
    2019-03-01 0 days 1,470 sqft
    2019-04-01 0 days 1,492 sqft
    2019-05-01 0 days 1,525 sqft
    2019-06-01 0 days 1,568 sqft
    2019-07-01 0 days 1,539 sqft
    2019-08-01 0 days 1,529 sqft
    2019-09-01 0 days 1,524 sqft
    2019-10-01 0 days 1,520 sqft
    2019-11-01 0 days 1,501 sqft
    2019-12-01 0 days 1,505 sqft
    2020-01-01 0 days 1,497 sqft
    2020-02-01 0 days 1,482 sqft
    2020-03-01 0 days 1,480 sqft
    2020-04-01 0 days 1,489 sqft
    2020-05-01 0 days 1,493 sqft
    2020-06-01 0 days 1,503 sqft
    2020-07-01 0 days 1,503 sqft
    2020-08-01 0 days 1,491 sqft
    2020-09-01 0 days 1,520 sqft
    2020-10-01 0 days 1,522 sqft
    2020-11-01 0 days 1,489 sqft
    2020-12-01 0 days 1,491 sqft
    2021-01-01 0 days 1,500 sqft
    2021-02-01 0 days 1,570 sqft
    2021-03-01 0 days 1,600 sqft
    2021-04-01 0 days 1,546 sqft
    2021-05-01 0 days 1,499 sqft
    2021-06-01 0 days 1,462 sqft
    2021-07-01 0 days 1,545 sqft
    2021-08-01 0 days 1,727 sqft
    2021-09-01 0 days 1,699 sqft
    2021-10-01 0 days 1,648 sqft
    2021-11-01 0 days 1,526 sqft
    2021-12-01 0 days 1,668 sqft
    2022-01-01 0 days 1,497 sqft
    2022-02-01 0 days 1,416 sqft
    2022-03-01 0 days 1,528 sqft
    2022-04-01 0 days 1,875 sqft
    2022-05-01 0 days 1,829 sqft
    2022-06-01 0 days 1,840 sqft
    2022-07-01 0 days 1,870 sqft
    2022-08-01 0 days 1,859 sqft
    2022-09-01 0 days 1,826 sqft
    2022-10-01 0 days 1,808 sqft
    2022-11-01 0 days 1,713 sqft
    2022-12-01 0 days 1,672 sqft
    2023-01-01 0 days 1,535 sqft
    2023-02-01 0 days 1,717 sqft
    2023-03-01 0 days 2,019 sqft
    2023-04-01 0 days 1,829 sqft
    2023-05-01 0 days 1,872 sqft
    2023-06-01 0 days 1,844 sqft
    2023-07-01 0 days 1,847 sqft
    2023-08-01 0 days 1,890 sqft
    2023-09-01 0 days 1,790 sqft
    2023-10-01 0 days 1,742 sqft
    2023-11-01 0 days 1,788 sqft
    2023-12-01 0 days 1,792 sqft
    2024-01-01 0 days 1,846 sqft
    2024-02-01 0 days 1,810 sqft
    2024-03-01 0 days 1,824 sqft
    2024-04-01 0 days 1,816 sqft
    2024-05-01 0 days 1,822 sqft
    2024-06-01 0 days 1,812 sqft
    2024-07-01 0 days 1,774 sqft
    2024-08-01 0 days 1,870 sqft
    2024-09-01 0 days 1,749 sqft
    2024-10-01 0 days 1,610 sqft
    Escanaba's median listing age (time on market) for 2024-10-01 was 0 days.

    Escanaba's median square footage for active listings during the 2024-10-01 period was 1,610 sqft. One year prior, the average listing was 1,742 sqft.