Evanston USDA Loan Rates, Closing Costs & Stats

Evanston, WY

  • JUMP TO:
  • Trends
  • Rates vs Fees
  • Top Lenders
  • Markets
  • Market Conditions & Pricing
  • Time on Market/Property Size

    • 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.

    Evanston's 5 lenders originated 6 USDA loans during 2023. The total origination value was $1,610,000, with an average USDA loan value of $268,333.

    Evanston USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Evanston averaged 6.82% for the week of 2024-04-19, compared to the national average (all USDA variants) of 6.863% for the same period.

    Evanston's average USDA mortgage closing costs are $5,016.

    The average rate for the prior week (2024-04-12) was 6.38% and one month ago for the week of 2024-03-15, the average rate was 6.56%.

    The average rate one year ago was 6%.

    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.

    Evanston 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 Evanston level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    VAN DYK MORTGAGE CORPORATION 2 6.13% $4,202
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 5.99% $10,686
    GUARANTEED RATE, INC. 1 6.13% $7,045
    GUILD MORTGAGE COMPANY 1 5.63% $11,829
    Unify Home Lending Inc. 1 7.00% $10,188

    The top Evanston USDA lender as defined by loan originations is VAN DYK MORTGAGE CORPORATION, with 2 USDA loans originated. Their average total fees are $4,202, which is $6,483 lower than the next largest lender, FAIRWAY INDEPENDENT MORTGAGE CORPORATION.

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

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

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Evanston (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 $188,225 (14.1%) $226,206 (15.9%) 0.00 82
    2018-02-01 $185,000 (9.0%) $221,444 (12.8%) 0.00 83
    2018-03-01 $187,000 (10.1%) $223,284 (11.4%) 0.00 83
    2018-04-01 $189,925 (11.8%) $236,147 (13.4%) 0.00 91
    2018-05-01 $194,900 (7.6%) $241,713 (10.9%) 0.00 94
    2018-06-01 $199,900 (5.7%) $234,736 (7.6%) 0.00 92
    2018-07-01 $199,225 (8.3%) $231,529 (5.3%) 0.00 95
    2018-08-01 $196,475 (9.5%) $224,168 (6.7%) 0.00 87
    2018-09-01 $187,450 (4.7%) $216,406 (-0.3%) 0.00 81
    2018-10-01 $197,425 (16.3%) $227,282 (5.6%) 0.00 85
    2018-11-01 $212,450 (28.0%) $229,284 (8.6%) 0.00 79
    2018-12-01 $204,750 (20.5%) $227,258 (8.8%) 0.00 79
    2019-01-01 $211,225 (12.2%) $221,380 (-2.1%) 0.00 75
    2019-02-01 $197,200 (6.6%) $217,138 (-1.9%) 0.00 71
    2019-03-01 $198,957 (6.4%) $221,284 (-0.9%) 0.00 69
    2019-04-01 $201,657 (6.2%) $227,272 (-3.8%) 0.00 72
    2019-05-01 $190,700 (-2.2%) $223,098 (-7.7%) 0.00 74
    2019-06-01 $189,900 (-5.0%) $254,792 (8.5%) 0.00 81
    2019-07-01 $189,900 (-4.7%) $240,267 (3.8%) 0.00 91
    2019-08-01 $192,300 (-2.1%) $239,858 (7.0%) 0.00 79
    2019-09-01 $196,575 (4.9%) $246,413 (13.9%) 0.00 70
    2019-10-01 $204,950 (3.8%) $258,369 (13.7%) 0.00 64
    2019-11-01 $205,000 (-3.5%) $268,580 (17.1%) 0.00 57
    2019-12-01 $197,500 (-3.5%) $269,540 (18.6%) 0.00 55
    2020-01-01 $195,000 (-7.7%) $274,252 (23.9%) 0.00 51
    2020-02-01 $219,000 (11.1%) $275,023 (26.7%) 0.00 49
    2020-03-01 $198,875 (0.0%) $280,559 (26.8%) 0.00 45
    2020-04-01 $229,450 (13.8%) $290,141 (27.7%) 0.00 51
    2020-05-01 $220,000 (15.4%) $276,935 (24.1%) 0.00 60
    2020-06-01 $217,475 (14.5%) $267,186 (4.9%) 0.00 67
    2020-07-01 $219,950 (15.8%) $243,619 (1.4%) 0.00 61
    2020-08-01 $215,000 (11.8%) $243,994 (1.7%) 0.00 42
    2020-09-01 $229,975 (17.0%) $249,001 (1.1%) 0.00 31
    2020-10-01 $205,000 (0.0%) $235,926 (-8.7%) 0.00 26
    2020-11-01 $207,500 (1.2%) $217,325 (-19.1%) 0.00 30
    2020-12-01 $213,750 (8.2%) $235,264 (-12.7%) 0.00 28
    2021-01-01 $220,000 (12.8%) $247,842 (-9.6%) 0.00 25
    2021-02-01 $225,950 (3.2%) $260,548 (-5.3%) 0.00 28
    2021-03-01 $255,475 (28.5%) $357,850 (27.6%) 0.00 28
    2021-04-01 $254,000 (10.7%) $354,602 (22.2%) 0.00 34
    2021-05-01 $284,500 (29.3%) $381,744 (37.9%) 0.00 34
    2021-06-01 $281,950 (29.7%) $391,872 (46.7%) 0.00 44
    2021-07-01 $314,500 (43.0%) $359,579 (47.6%) 0.00 50
    2021-08-01 $304,500 (41.6%) $369,068 (51.3%) 0.00 54
    2021-09-01 $282,800 (23.0%) $376,991 (51.4%) 0.00 45
    2021-10-01 $274,950 (34.1%) $390,961 (65.7%) 0.00 37
    2021-11-01 $261,738 (26.1%) $392,588 (80.7%) 0.00 34
    2021-12-01 $248,000 (16.0%) $391,597 (66.5%) 0.00 29
    2022-01-01 $269,000 (22.3%) $384,105 (55.0%) 0.00 18
    2022-02-01 $329,125 (45.7%) $457,487 (75.6%) 0.00 23
    2022-03-01 $399,925 (56.5%) $499,236 (39.5%) 0.00 26
    2022-04-01 $454,900 (79.1%) $534,702 (50.8%) 0.00 24
    2022-05-01 $450,000 (58.2%) $494,288 (29.5%) 0.00 39
    2022-06-01 $407,973 (44.7%) $474,521 (21.1%) 0.00 48
    2022-07-01 $409,500 (30.2%) $467,289 (30.0%) 0.00 51
    2022-08-01 $388,225 (27.5%) $449,845 (21.9%) 0.00 51
    2022-09-01 $372,475 (31.7%) $436,666 (15.8%) 0.00 53
    2022-10-01 $375,000 (36.4%) $421,812 (7.9%) 0.00 46
    2022-11-01 $389,050 (48.6%) $428,414 (9.1%) 0.00 45
    2022-12-01 $389,900 (57.2%) $405,709 (3.6%) 0.00 39
    2023-01-01 $354,656 (31.8%) $381,552 (-0.7%) 0.00 40
    2023-02-01 $349,975 (6.3%) $379,063 (-17.1%) 0.00 39
    2023-03-01 $353,750 (-11.6%) $381,279 (-23.6%) 0.00 32
    2023-04-01 $395,000 (-13.2%) $439,130 (-17.9%) 0.00 36
    2023-05-01 $397,225 (-11.7%) $456,351 (-7.7%) 0.00 39
    2023-06-01 $407,879 (0.0%) $463,386 (-2.4%) 0.00 43
    2023-07-01 $383,500 (-6.4%) $450,367 (-3.6%) 0.00 50
    2023-08-01 $379,000 (-2.4%) $495,762 (10.2%) 0.00 49
    2023-09-01 $359,950 (-3.4%) $470,198 (7.7%) 0.00 49
    2023-10-01 $332,475 (-11.3%) $466,018 (10.5%) 0.00 50
    2023-11-01 $343,225 (-11.8%) $454,104 (6.0%) 0.00 51
    2023-12-01 $359,500 (-7.8%) $491,288 (21.1%) 0.00 42
    2024-01-01 $358,450 (1.1%) $506,792 (32.8%) 0.00 37
    2024-02-01 $367,200 (4.9%) $565,279 (49.1%) 0.00 34
    2024-03-01 $355,000 (0.4%) $552,078 (44.8%) 0.00 38
    Evanston's median listing price for 2024-03-01 was $355,000, a difference of $1,250 (0.4%) versus the prior year and $-12,200 versus the prior month.

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

    Evanston's average listing price for 2024-03-01 was $552,078, a difference of $170,799 (44.8%) versus the prior year and $-13,201 versus the prior month.

    For the 2024-03-01 period, Evanston had 38 MLS listings, a difference of 4 listings (12%) versus the prior month and 6 listings (19%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Evanston (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,899 sqft
    2018-02-01 0 days 1,878 sqft
    2018-03-01 0 days 1,950 sqft
    2018-04-01 0 days 2,056 sqft
    2018-05-01 0 days 2,059 sqft
    2018-06-01 0 days 2,043 sqft
    2018-07-01 0 days 2,078 sqft
    2018-08-01 0 days 2,099 sqft
    2018-09-01 0 days 2,114 sqft
    2018-10-01 0 days 2,064 sqft
    2018-11-01 0 days 2,121 sqft
    2018-12-01 0 days 2,080 sqft
    2019-01-01 0 days 2,079 sqft
    2019-02-01 0 days 2,048 sqft
    2019-03-01 0 days 2,000 sqft
    2019-04-01 0 days 2,064 sqft
    2019-05-01 0 days 2,030 sqft
    2019-06-01 0 days 1,810 sqft
    2019-07-01 0 days 1,872 sqft
    2019-08-01 0 days 1,862 sqft
    2019-09-01 0 days 1,848 sqft
    2019-10-01 0 days 1,870 sqft
    2019-11-01 0 days 1,886 sqft
    2019-12-01 0 days 1,900 sqft
    2020-01-01 0 days 1,857 sqft
    2020-02-01 0 days 1,842 sqft
    2020-03-01 0 days 1,842 sqft
    2020-04-01 0 days 2,085 sqft
    2020-05-01 0 days 1,876 sqft
    2020-06-01 0 days 2,004 sqft
    2020-07-01 0 days 2,039 sqft
    2020-08-01 0 days 1,728 sqft
    2020-09-01 0 days 1,855 sqft
    2020-10-01 0 days 1,854 sqft
    2020-11-01 0 days 1,743 sqft
    2020-12-01 0 days 1,767 sqft
    2021-01-01 0 days 1,747 sqft
    2021-02-01 0 days 1,754 sqft
    2021-03-01 0 days 1,854 sqft
    2021-04-01 0 days 1,938 sqft
    2021-05-01 0 days 1,976 sqft
    2021-06-01 0 days 2,278 sqft
    2021-07-01 0 days 2,219 sqft
    2021-08-01 0 days 2,215 sqft
    2021-09-01 0 days 2,117 sqft
    2021-10-01 0 days 2,087 sqft
    2021-11-01 0 days 2,101 sqft
    2021-12-01 0 days 1,972 sqft
    2022-01-01 0 days 2,087 sqft
    2022-02-01 0 days 2,098 sqft
    2022-03-01 0 days 2,440 sqft
    2022-04-01 0 days 2,495 sqft
    2022-05-01 0 days 2,392 sqft
    2022-06-01 0 days 2,286 sqft
    2022-07-01 0 days 2,224 sqft
    2022-08-01 0 days 2,235 sqft
    2022-09-01 0 days 2,237 sqft
    2022-10-01 0 days 2,204 sqft
    2022-11-01 0 days 2,221 sqft
    2022-12-01 0 days 2,133 sqft
    2023-01-01 0 days 2,112 sqft
    2023-02-01 0 days 2,112 sqft
    2023-03-01 0 days 2,142 sqft
    2023-04-01 0 days 2,201 sqft
    2023-05-01 0 days 2,358 sqft
    2023-06-01 0 days 2,372 sqft
    2023-07-01 0 days 2,101 sqft
    2023-08-01 0 days 2,000 sqft
    2023-09-01 0 days 2,039 sqft
    2023-10-01 0 days 1,953 sqft
    2023-11-01 0 days 1,991 sqft
    2023-12-01 0 days 1,944 sqft
    2024-01-01 0 days 1,933 sqft
    2024-02-01 0 days 2,008 sqft
    2024-03-01 0 days 2,183 sqft
    Evanston's median listing age (time on market) for 2024-03-01 was 0 days.

    Evanston's median square footage for active listings during the 2024-03-01 period was 2,183 sqft. One year prior, the average listing was 2,142 sqft.