Fort Madison USDA Loan Rates, Closing Costs & Stats
Fort Madison-Keokuk, IA-IL-MO
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.
Fort Madison's 7 lenders originated 13 USDA loans during 2023. The total origination value was $1,085,000, with an average USDA loan value of $83,462.
Fort Madison USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Fort Madison
averaged
6.42%
for the week of 2025-02-14, compared to the national average (all USDA variants) of
6.526% for the same period.
Fort Madison's average USDA mortgage closing costs are $3,151.
The average rate for the prior week (2025-02-07) was
6.58% and
one month ago for the week of 2025-01-10, the
average rate was 6.62%.
The average rate one year ago was 6.71%.
For refis of the same type during the week of 2025-02-14, the average rate
was 6.33%.
Fort Madison 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 Fort Madison level.
| Name | # of Loans | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
|---|---|---|---|
| United Community Bank | 6 | 6.79% | $3,196 |
| First Bankers Trust Company | 1 | 8.00% | $3,157 |
| Fortress Bank | 1 | 5.75% | $2,803 |
| CROSSCOUNTRY MORTGAGE, LLC | 1 | 6.50% | $3,780 |
| IOWA BANKERS MORTGAGE CORPORATION | 1 | 6.63% | $3,308 |
| U.S. Bank | 1 | 7.75% | $3,211 |
| GUILD MORTGAGE COMPANY | 1 | 6.63% | $3,716 |
The top Fort Madison USDA lender as defined by loan originations is United Community Bank, with
6 USDA loans originated. Their average total fees are
$3,196, which is $39
higher than the next largest lender,
First Bankers Trust Company.
The lowest fee Fort Madison USDA lenders (with over 10 loans originated) are
.
The lowest rate Fort Madison USDA lenders (with over 10 loans originated) are
.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Fort Madison (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 | $90,725 (2.0%) | $137,107 (12.9%) | 0.00 | 108 |
| 2018-02-01 | $98,000 (10.8%) | $147,118 (23.4%) | 0.00 | 96 |
| 2018-03-01 | $99,250 (1.8%) | $146,154 (16.0%) | 0.00 | 109 |
| 2018-04-01 | $92,350 (-16.8%) | $146,243 (11.2%) | 0.00 | 114 |
| 2018-05-01 | $92,475 (-11.9%) | $141,633 (11.0%) | 0.00 | 138 |
| 2018-06-01 | $107,450 (1.9%) | $149,262 (14.9%) | 0.00 | 138 |
| 2018-07-01 | $111,125 (5.9%) | $145,169 (14.2%) | 0.00 | 151 |
| 2018-08-01 | $115,225 (16.9%) | $142,664 (11.9%) | 0.00 | 153 |
| 2018-09-01 | $114,000 (18.0%) | $139,019 (10.6%) | 0.00 | 156 |
| 2018-10-01 | $112,000 (9.1%) | $133,992 (-1.4%) | 0.00 | 145 |
| 2018-11-01 | $113,725 (13.8%) | $142,422 (2.0%) | 0.00 | 132 |
| 2018-12-01 | $112,900 (26.5%) | $148,914 (11.3%) | 0.00 | 113 |
| 2019-01-01 | $114,000 (25.7%) | $147,324 (7.5%) | 0.00 | 107 |
| 2019-02-01 | $114,825 (17.2%) | $151,522 (3.0%) | 0.00 | 99 |
| 2019-03-01 | $117,511 (18.4%) | $151,631 (3.8%) | 0.00 | 98 |
| 2019-04-01 | $118,386 (28.2%) | $153,406 (4.9%) | 0.00 | 101 |
| 2019-05-01 | $115,688 (25.1%) | $158,610 (12.0%) | 0.00 | 103 |
| 2019-06-01 | $114,900 (6.9%) | $160,711 (7.7%) | 0.00 | 102 |
| 2019-07-01 | $109,500 (-1.5%) | $155,556 (7.2%) | 0.00 | 110 |
| 2019-08-01 | $112,727 (-2.2%) | $155,906 (9.3%) | 0.00 | 109 |
| 2019-09-01 | $116,818 (2.5%) | $156,805 (12.8%) | 0.00 | 111 |
| 2019-10-01 | $121,250 (8.3%) | $157,968 (17.9%) | 0.00 | 112 |
| 2019-11-01 | $119,450 (5.0%) | $155,512 (9.2%) | 0.00 | 114 |
| 2019-12-01 | $101,700 (-9.9%) | $141,895 (-4.7%) | 0.00 | 118 |
| 2020-01-01 | $99,700 (-12.5%) | $138,113 (-6.3%) | 0.00 | 126 |
| 2020-02-01 | $99,900 (-13.0%) | $137,185 (-9.5%) | 0.00 | 117 |
| 2020-03-01 | $103,450 (-12.0%) | $142,656 (-5.9%) | 0.00 | 105 |
| 2020-04-01 | $99,800 (-15.7%) | $142,204 (-7.3%) | 0.00 | 109 |
| 2020-05-01 | $104,000 (-10.1%) | $147,062 (-7.3%) | 0.00 | 103 |
| 2020-06-01 | $110,500 (-3.8%) | $144,898 (-9.8%) | 0.00 | 109 |
| 2020-07-01 | $115,200 (5.2%) | $143,447 (-7.8%) | 0.00 | 109 |
| 2020-08-01 | $123,950 (10.0%) | $149,802 (-3.9%) | 0.00 | 112 |
| 2020-09-01 | $117,200 (0.3%) | $146,095 (-6.8%) | 0.00 | 113 |
| 2020-10-01 | $114,750 (-5.4%) | $151,110 (-4.3%) | 0.00 | 117 |
| 2020-11-01 | $119,075 (-0.3%) | $166,574 (7.1%) | 0.00 | 99 |
| 2020-12-01 | $119,000 (17.0%) | $168,052 (18.4%) | 0.00 | 84 |
| 2021-01-01 | $109,900 (10.2%) | $152,086 (10.1%) | 0.00 | 76 |
| 2021-02-01 | $107,225 (7.3%) | $157,033 (14.5%) | 0.00 | 71 |
| 2021-03-01 | $115,950 (12.1%) | $159,756 (12.0%) | 0.00 | 65 |
| 2021-04-01 | $96,000 (-3.8%) | $142,598 (0.3%) | 0.00 | 67 |
| 2021-05-01 | $92,900 (-10.7%) | $128,760 (-12.5%) | 0.00 | 81 |
| 2021-06-01 | $88,875 (-19.6%) | $120,838 (-16.6%) | 0.00 | 88 |
| 2021-07-01 | $88,500 (-23.2%) | $124,134 (-13.5%) | 0.00 | 95 |
| 2021-08-01 | $97,650 (-21.2%) | $136,627 (-8.8%) | 0.00 | 103 |
| 2021-09-01 | $94,100 (-19.7%) | $128,378 (-12.1%) | 0.00 | 96 |
| 2021-10-01 | $92,900 (-19.0%) | $132,024 (-12.6%) | 0.00 | 97 |
| 2021-11-01 | $81,225 (-31.8%) | $112,797 (-32.3%) | 0.00 | 91 |
| 2021-12-01 | $83,950 (-29.5%) | $115,670 (-31.2%) | 0.00 | 83 |
| 2022-01-01 | $85,000 (-22.7%) | $105,836 (-30.4%) | 0.00 | 72 |
| 2022-02-01 | $92,725 (-13.5%) | $124,872 (-20.5%) | 0.00 | 61 |
| 2022-03-01 | $116,750 (0.7%) | $146,167 (-8.5%) | 0.00 | 63 |
| 2022-04-01 | $133,750 (39.3%) | $170,213 (19.4%) | 0.00 | 63 |
| 2022-05-01 | $144,625 (55.7%) | $169,363 (31.5%) | 0.00 | 73 |
| 2022-06-01 | $147,625 (66.1%) | $180,175 (49.1%) | 0.00 | 84 |
| 2022-07-01 | $134,000 (51.4%) | $172,797 (39.2%) | 0.00 | 89 |
| 2022-08-01 | $135,350 (38.6%) | $175,584 (28.5%) | 0.00 | 73 |
| 2022-09-01 | $128,225 (36.3%) | $160,488 (25.0%) | 0.00 | 73 |
| 2022-10-01 | $129,900 (39.8%) | $163,488 (23.8%) | 0.00 | 74 |
| 2022-11-01 | $122,325 (50.6%) | $140,094 (24.2%) | 0.00 | 87 |
| 2022-12-01 | $117,500 (40.0%) | $128,536 (11.1%) | 0.00 | 82 |
| 2023-01-01 | $117,950 (38.8%) | $141,861 (34.0%) | 0.00 | 72 |
| 2023-02-01 | $123,700 (33.4%) | $148,075 (18.6%) | 0.00 | 66 |
| 2023-03-01 | $133,450 (14.3%) | $171,270 (17.2%) | 0.00 | 58 |
| 2023-04-01 | $131,400 (-1.8%) | $173,610 (2.0%) | 0.00 | 56 |
| 2023-05-01 | $134,500 (-7.0%) | $168,393 (-0.6%) | 0.00 | 55 |
| 2023-06-01 | $114,950 (-22.1%) | $147,171 (-18.3%) | 0.00 | 56 |
| 2023-07-01 | $111,250 (-17.0%) | $148,511 (-14.1%) | 0.00 | 49 |
| 2023-08-01 | $125,000 (-7.7%) | $160,786 (-8.4%) | 0.00 | 50 |
| 2023-09-01 | $124,950 (-2.6%) | $172,622 (7.6%) | 0.00 | 51 |
| 2023-10-01 | $123,380 (-5.0%) | $167,939 (2.7%) | 0.00 | 57 |
| 2023-11-01 | $124,225 (1.6%) | $166,200 (18.6%) | 0.00 | 60 |
| 2023-12-01 | $121,950 (3.8%) | $165,725 (28.9%) | 0.00 | 53 |
| 2024-01-01 | $123,700 (4.9%) | $173,410 (22.2%) | 0.00 | 56 |
| 2024-02-01 | $134,075 (8.4%) | $172,772 (16.7%) | 0.00 | 54 |
| 2024-03-01 | $132,450 (-0.8%) | $164,031 (-4.2%) | 0.00 | 61 |
| 2024-04-01 | $128,517 (-2.2%) | $156,536 (-9.8%) | 0.00 | 62 |
| 2024-05-01 | $128,675 (-4.3%) | $171,377 (1.8%) | 0.00 | 76 |
| 2024-06-01 | $125,000 (8.7%) | $168,752 (14.7%) | 0.00 | 81 |
| 2024-07-01 | $136,750 (22.9%) | $171,033 (15.2%) | 0.00 | 75 |
| 2024-08-01 | $137,500 (10.0%) | $181,360 (12.8%) | 0.00 | 76 |
| 2024-09-01 | $133,225 (6.6%) | $178,773 (3.6%) | 0.00 | 77 |
| 2024-10-01 | $136,000 (10.2%) | $175,498 (4.5%) | 0.00 | 106 |
| 2024-11-01 | $124,900 (0.5%) | $176,966 (6.5%) | 0.00 | 101 |
| 2024-12-01 | $131,150 (7.5%) | $168,839 (1.9%) | 0.00 | 98 |
| 2025-01-01 | $129,900 (5.0%) | $168,707 (-2.7%) | 0.00 | 91 |
Fort Madison's median listing price comes in at 0% of the national average.
Fort Madison's average listing price for 2025-01-01 was $168,707, a difference of $-4,703 (-2.7%) versus the prior year and $-132 versus the prior month.
For the 2025-01-01 period, Fort Madison had 91 MLS listings, a difference of -7 listings (-7%) versus the prior month and 35 listings (63%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Fort Madison (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 0 days | 1,627 sqft |
| 2018-02-01 | 0 days | 1,643 sqft |
| 2018-03-01 | 0 days | 1,572 sqft |
| 2018-04-01 | 0 days | 1,515 sqft |
| 2018-05-01 | 0 days | 1,500 sqft |
| 2018-06-01 | 0 days | 1,517 sqft |
| 2018-07-01 | 0 days | 1,510 sqft |
| 2018-08-01 | 0 days | 1,522 sqft |
| 2018-09-01 | 0 days | 1,511 sqft |
| 2018-10-01 | 0 days | 1,475 sqft |
| 2018-11-01 | 0 days | 1,500 sqft |
| 2018-12-01 | 0 days | 1,500 sqft |
| 2019-01-01 | 0 days | 1,437 sqft |
| 2019-02-01 | 0 days | 1,447 sqft |
| 2019-03-01 | 0 days | 1,509 sqft |
| 2019-04-01 | 0 days | 1,513 sqft |
| 2019-05-01 | 0 days | 1,455 sqft |
| 2019-06-01 | 0 days | 1,502 sqft |
| 2019-07-01 | 0 days | 1,550 sqft |
| 2019-08-01 | 0 days | 1,525 sqft |
| 2019-09-01 | 0 days | 1,498 sqft |
| 2019-10-01 | 0 days | 1,506 sqft |
| 2019-11-01 | 0 days | 1,491 sqft |
| 2019-12-01 | 0 days | 1,422 sqft |
| 2020-01-01 | 0 days | 1,879 sqft |
| 2020-02-01 | 0 days | 1,444 sqft |
| 2020-03-01 | 0 days | 1,425 sqft |
| 2020-04-01 | 0 days | 1,424 sqft |
| 2020-05-01 | 0 days | 1,428 sqft |
| 2020-06-01 | 0 days | 1,407 sqft |
| 2020-07-01 | 0 days | 1,442 sqft |
| 2020-08-01 | 0 days | 1,463 sqft |
| 2020-09-01 | 0 days | 1,440 sqft |
| 2020-10-01 | 0 days | 1,400 sqft |
| 2020-11-01 | 0 days | 1,476 sqft |
| 2020-12-01 | 0 days | 1,557 sqft |
| 2021-01-01 | 0 days | 1,461 sqft |
| 2021-02-01 | 0 days | 1,496 sqft |
| 2021-03-01 | 0 days | 1,564 sqft |
| 2021-04-01 | 0 days | 1,387 sqft |
| 2021-05-01 | 0 days | 1,472 sqft |
| 2021-06-01 | 0 days | 1,440 sqft |
| 2021-07-01 | 0 days | 1,456 sqft |
| 2021-08-01 | 0 days | 1,542 sqft |
| 2021-09-01 | 0 days | 1,585 sqft |
| 2021-10-01 | 0 days | 1,585 sqft |
| 2021-11-01 | 0 days | 1,428 sqft |
| 2021-12-01 | 0 days | 1,421 sqft |
| 2022-01-01 | 0 days | 1,446 sqft |
| 2022-02-01 | 0 days | 1,502 sqft |
| 2022-03-01 | 0 days | 1,637 sqft |
| 2022-04-01 | 0 days | 1,635 sqft |
| 2022-05-01 | 0 days | 1,532 sqft |
| 2022-06-01 | 0 days | 1,526 sqft |
| 2022-07-01 | 0 days | 1,404 sqft |
| 2022-08-01 | 0 days | 1,409 sqft |
| 2022-09-01 | 0 days | 1,334 sqft |
| 2022-10-01 | 0 days | 1,404 sqft |
| 2022-11-01 | 0 days | 1,454 sqft |
| 2022-12-01 | 0 days | 1,477 sqft |
| 2023-01-01 | 0 days | 1,478 sqft |
| 2023-02-01 | 0 days | 1,482 sqft |
| 2023-03-01 | 0 days | 1,571 sqft |
| 2023-04-01 | 0 days | 1,489 sqft |
| 2023-05-01 | 0 days | 1,423 sqft |
| 2023-06-01 | 0 days | 1,403 sqft |
| 2023-07-01 | 0 days | 1,403 sqft |
| 2023-08-01 | 0 days | 1,466 sqft |
| 2023-09-01 | 0 days | 1,379 sqft |
| 2023-10-01 | 0 days | 1,371 sqft |
| 2023-11-01 | 0 days | 1,489 sqft |
| 2023-12-01 | 0 days | 1,474 sqft |
| 2024-01-01 | 0 days | 1,465 sqft |
| 2024-02-01 | 0 days | 1,447 sqft |
| 2024-03-01 | 0 days | 1,436 sqft |
| 2024-04-01 | 0 days | 1,376 sqft |
| 2024-05-01 | 0 days | 1,423 sqft |
| 2024-06-01 | 0 days | 1,427 sqft |
| 2024-07-01 | 0 days | 1,496 sqft |
| 2024-08-01 | 0 days | 1,503 sqft |
| 2024-09-01 | 0 days | 1,496 sqft |
| 2024-10-01 | 0 days | 1,533 sqft |
| 2024-11-01 | 0 days | 1,484 sqft |
| 2024-12-01 | 0 days | 1,540 sqft |
| 2025-01-01 | 0 days | 1,443 sqft |
Fort Madison's median square footage for active listings during the 2025-01-01 period was 1,443 sqft. One year prior, the average listing was 1,465 sqft.