Grand Island USDA Loan Rates, Closing Costs & Stats
GRAND ISLAND, NE
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.
Grand Island's 4 lenders originated 9 USDA loans during 2023. The total origination value was $1,425,000, with an average USDA loan value of $158,333.
Grand Island USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Grand Island
averaged
6.49%
for the week of 2024-12-13, compared to the national average (all USDA variants) of
6.303% for the same period.
Grand Island's average USDA mortgage closing costs are $3,716.
The average rate for the prior week (2024-12-06) was
6.13% and
one month ago for the week of 2024-11-08, the
average rate was 6.44%.
The average rate one year ago was 6.81%.
For refis of the same type during the week of 2024-12-13, the average rate
was 6.3%.
Grand Island 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 Grand Island level.
| Name | # of Loans | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
|---|---|---|---|
| CHARTER WEST BANK | 3 | 6.38% | $5,847 |
| Pinnacle Bank | 3 | 6.67% | $4,983 |
| UNION HOME MORTGAGE CORP. | 1 | 6.13% | $4,354 |
| West Gate Bank | 1 | 5.13% | $3,926 |
The top Grand Island USDA lender as defined by loan originations is CHARTER WEST BANK, with
3 USDA loans originated. Their average total fees are
$5,847, which is $864
higher than the next largest lender,
Pinnacle Bank.
The lowest fee Grand Island USDA lenders (with over 10 loans originated) are
.
The lowest rate Grand Island USDA lenders (with over 10 loans originated) are
.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Grand Island (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 | $206,500 (5.0%) | $241,252 (10.7%) | 0.00 | 136 |
| 2018-02-01 | $201,750 (6.6%) | $245,017 (13.9%) | 0.00 | 127 |
| 2018-03-01 | $211,250 (12.9%) | $244,355 (14.8%) | 0.00 | 126 |
| 2018-04-01 | $229,750 (27.7%) | $254,518 (21.0%) | 0.00 | 126 |
| 2018-05-01 | $225,750 (21.1%) | $250,302 (15.0%) | 0.00 | 131 |
| 2018-06-01 | $209,900 (8.5%) | $240,867 (10.6%) | 0.00 | 147 |
| 2018-07-01 | $204,950 (-1.8%) | $239,885 (-2.2%) | 0.00 | 154 |
| 2018-08-01 | $199,825 (-2.4%) | $234,271 (-4.2%) | 0.00 | 164 |
| 2018-09-01 | $199,900 (-4.9%) | $235,604 (-4.3%) | 0.00 | 155 |
| 2018-10-01 | $220,000 (6.9%) | $248,238 (-0.2%) | 0.00 | 153 |
| 2018-11-01 | $199,900 (3.2%) | $242,041 (0.8%) | 0.00 | 157 |
| 2018-12-01 | $195,000 (4.0%) | $241,742 (3.9%) | 0.00 | 141 |
| 2019-01-01 | $183,725 (-11.0%) | $234,871 (-2.6%) | 0.00 | 140 |
| 2019-02-01 | $177,200 (-12.2%) | $221,279 (-9.7%) | 0.00 | 146 |
| 2019-03-01 | $179,500 (-15.0%) | $224,731 (-8.0%) | 0.00 | 147 |
| 2019-04-01 | $187,250 (-18.5%) | $232,640 (-8.6%) | 0.00 | 146 |
| 2019-05-01 | $199,500 (-11.6%) | $237,703 (-5.0%) | 0.00 | 150 |
| 2019-06-01 | $194,900 (-7.2%) | $220,833 (-8.3%) | 0.00 | 145 |
| 2019-07-01 | $194,900 (-4.9%) | $226,859 (-5.4%) | 0.00 | 150 |
| 2019-08-01 | $198,991 (-0.4%) | $240,066 (2.5%) | 0.00 | 152 |
| 2019-09-01 | $205,127 (2.6%) | $248,693 (5.6%) | 0.00 | 155 |
| 2019-10-01 | $209,450 (-4.8%) | $251,394 (1.3%) | 0.00 | 163 |
| 2019-11-01 | $206,000 (3.1%) | $247,312 (2.2%) | 0.00 | 166 |
| 2019-12-01 | $201,225 (3.2%) | $253,074 (4.7%) | 0.00 | 163 |
| 2020-01-01 | $199,925 (8.8%) | $254,985 (8.6%) | 0.00 | 145 |
| 2020-02-01 | $199,000 (12.3%) | $251,525 (13.7%) | 0.00 | 141 |
| 2020-03-01 | $222,425 (23.9%) | $262,798 (16.9%) | 0.00 | 139 |
| 2020-04-01 | $198,725 (6.1%) | $250,467 (7.7%) | 0.00 | 158 |
| 2020-05-01 | $188,250 (-5.6%) | $237,024 (-0.3%) | 0.00 | 152 |
| 2020-06-01 | $188,125 (-3.5%) | $249,080 (12.8%) | 0.00 | 131 |
| 2020-07-01 | $216,250 (11.0%) | $272,457 (20.1%) | 0.00 | 103 |
| 2020-08-01 | $192,450 (-3.3%) | $268,621 (11.9%) | 0.00 | 90 |
| 2020-09-01 | $191,475 (-6.7%) | $249,324 (0.3%) | 0.00 | 93 |
| 2020-10-01 | $191,200 (-8.7%) | $260,601 (3.7%) | 0.00 | 84 |
| 2020-11-01 | $190,450 (-7.6%) | $260,817 (5.5%) | 0.00 | 91 |
| 2020-12-01 | $193,950 (-3.6%) | $264,390 (4.5%) | 0.00 | 84 |
| 2021-01-01 | $196,400 (-1.8%) | $258,526 (1.4%) | 0.00 | 80 |
| 2021-02-01 | $207,725 (4.4%) | $269,443 (7.1%) | 0.00 | 70 |
| 2021-03-01 | $225,950 (1.6%) | $298,787 (13.7%) | 0.00 | 54 |
| 2021-04-01 | $229,225 (15.4%) | $306,706 (22.5%) | 0.00 | 39 |
| 2021-05-01 | $220,000 (16.9%) | $329,475 (39.0%) | 0.00 | 46 |
| 2021-06-01 | $243,650 (29.5%) | $337,776 (35.6%) | 0.00 | 53 |
| 2021-07-01 | $238,000 (10.1%) | $293,664 (7.8%) | 0.00 | 58 |
| 2021-08-01 | $248,750 (29.3%) | $294,247 (9.5%) | 0.00 | 58 |
| 2021-09-01 | $237,475 (24.0%) | $285,929 (14.7%) | 0.00 | 63 |
| 2021-10-01 | $249,000 (30.2%) | $283,172 (8.7%) | 0.00 | 68 |
| 2021-11-01 | $228,650 (20.1%) | $279,263 (7.1%) | 0.00 | 60 |
| 2021-12-01 | $242,000 (24.8%) | $297,052 (12.4%) | 0.00 | 54 |
| 2022-01-01 | $247,500 (26.0%) | $296,197 (14.6%) | 0.00 | 60 |
| 2022-02-01 | $243,250 (17.1%) | $289,167 (7.3%) | 0.00 | 55 |
| 2022-03-01 | $234,975 (4.0%) | $296,985 (-0.6%) | 0.00 | 43 |
| 2022-04-01 | $240,950 (5.1%) | $299,256 (-2.4%) | 0.00 | 57 |
| 2022-05-01 | $249,500 (13.4%) | $310,840 (-5.7%) | 0.00 | 65 |
| 2022-06-01 | $258,675 (6.2%) | $310,008 (-8.2%) | 0.00 | 82 |
| 2022-07-01 | $285,000 (19.8%) | $322,567 (9.8%) | 0.00 | 98 |
| 2022-08-01 | $263,500 (5.9%) | $296,334 (0.7%) | 0.00 | 102 |
| 2022-09-01 | $273,450 (15.2%) | $307,532 (7.6%) | 0.00 | 90 |
| 2022-10-01 | $289,900 (16.4%) | $317,563 (12.1%) | 0.00 | 113 |
| 2022-11-01 | $289,900 (26.8%) | $334,577 (19.8%) | 0.00 | 115 |
| 2022-12-01 | $289,900 (19.8%) | $342,040 (15.2%) | 0.00 | 101 |
| 2023-01-01 | $289,900 (17.1%) | $348,233 (17.6%) | 0.00 | 98 |
| 2023-02-01 | $295,069 (21.3%) | $370,866 (28.3%) | 0.00 | 80 |
| 2023-03-01 | $297,450 (26.6%) | $366,576 (23.4%) | 0.00 | 79 |
| 2023-04-01 | $326,750 (35.6%) | $375,820 (25.6%) | 0.00 | 89 |
| 2023-05-01 | $314,950 (26.2%) | $381,423 (22.7%) | 0.00 | 91 |
| 2023-06-01 | $324,500 (25.5%) | $372,381 (20.1%) | 0.00 | 87 |
| 2023-07-01 | $300,000 (5.3%) | $347,907 (7.9%) | 0.00 | 107 |
| 2023-08-01 | $289,975 (10.1%) | $349,359 (17.9%) | 0.00 | 95 |
| 2023-09-01 | $299,000 (9.3%) | $346,906 (12.8%) | 0.00 | 92 |
| 2023-10-01 | $299,675 (3.4%) | $346,518 (9.1%) | 0.00 | 109 |
| 2023-11-01 | $305,000 (5.2%) | $349,716 (4.5%) | 0.00 | 116 |
| 2023-12-01 | $324,900 (12.1%) | $350,118 (2.4%) | 0.00 | 116 |
| 2024-01-01 | $324,925 (12.1%) | $362,840 (4.2%) | 0.00 | 115 |
| 2024-02-01 | $320,475 (8.6%) | $354,784 (-4.3%) | 0.00 | 113 |
| 2024-03-01 | $319,000 (7.2%) | $346,230 (-5.6%) | 0.00 | 98 |
| 2024-04-01 | $314,725 (-3.7%) | $346,683 (-7.8%) | 0.00 | 85 |
| 2024-05-01 | $319,700 (1.5%) | $361,289 (-5.3%) | 0.00 | 90 |
| 2024-06-01 | $314,900 (-3.0%) | $361,730 (-2.9%) | 0.00 | 99 |
| 2024-07-01 | $316,000 (5.3%) | $377,924 (8.6%) | 0.00 | 109 |
| 2024-08-01 | $304,500 (5.0%) | $387,978 (11.1%) | 0.00 | 126 |
| 2024-09-01 | $315,000 (5.4%) | $373,094 (7.6%) | 0.00 | 140 |
| 2024-10-01 | $321,750 (7.4%) | $372,976 (7.6%) | 0.00 | 146 |
| 2024-11-01 | $329,900 (8.2%) | $386,181 (10.4%) | 0.00 | 148 |
Grand Island's median listing price comes in at 0% of the national average.
Grand Island's average listing price for 2024-11-01 was $386,181, a difference of $36,465 (10.4%) versus the prior year and $13,205 versus the prior month.
For the 2024-11-01 period, Grand Island had 148 MLS listings, a difference of 2 listings (1%) versus the prior month and 32 listings (28%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Grand Island (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 0 days | 1,647 sqft |
| 2018-02-01 | 0 days | 1,625 sqft |
| 2018-03-01 | 0 days | 1,575 sqft |
| 2018-04-01 | 0 days | 1,581 sqft |
| 2018-05-01 | 0 days | 1,582 sqft |
| 2018-06-01 | 0 days | 1,621 sqft |
| 2018-07-01 | 0 days | 1,653 sqft |
| 2018-08-01 | 0 days | 1,629 sqft |
| 2018-09-01 | 0 days | 1,626 sqft |
| 2018-10-01 | 0 days | 1,626 sqft |
| 2018-11-01 | 0 days | 1,564 sqft |
| 2018-12-01 | 0 days | 1,536 sqft |
| 2019-01-01 | 0 days | 1,426 sqft |
| 2019-02-01 | 0 days | 1,376 sqft |
| 2019-03-01 | 0 days | 1,448 sqft |
| 2019-04-01 | 0 days | 1,516 sqft |
| 2019-05-01 | 0 days | 1,533 sqft |
| 2019-06-01 | 0 days | 1,513 sqft |
| 2019-07-01 | 0 days | 1,489 sqft |
| 2019-08-01 | 0 days | 1,506 sqft |
| 2019-09-01 | 0 days | 1,541 sqft |
| 2019-10-01 | 0 days | 1,560 sqft |
| 2019-11-01 | 0 days | 1,530 sqft |
| 2019-12-01 | 0 days | 1,494 sqft |
| 2020-01-01 | 0 days | 1,434 sqft |
| 2020-02-01 | 0 days | 1,416 sqft |
| 2020-03-01 | 0 days | 1,707 sqft |
| 2020-04-01 | 0 days | 1,921 sqft |
| 2020-05-01 | 0 days | 1,740 sqft |
| 2020-06-01 | 0 days | 1,772 sqft |
| 2020-07-01 | 0 days | 1,715 sqft |
| 2020-08-01 | 0 days | 2,085 sqft |
| 2020-09-01 | 0 days | 1,708 sqft |
| 2020-10-01 | 0 days | 1,859 sqft |
| 2020-11-01 | 0 days | 1,855 sqft |
| 2020-12-01 | 0 days | 1,906 sqft |
| 2021-01-01 | 0 days | 1,673 sqft |
| 2021-02-01 | 0 days | 1,638 sqft |
| 2021-03-01 | 0 days | 1,877 sqft |
| 2021-04-01 | 0 days | 2,030 sqft |
| 2021-05-01 | 0 days | 2,081 sqft |
| 2021-06-01 | 0 days | 2,185 sqft |
| 2021-07-01 | 0 days | 1,894 sqft |
| 2021-08-01 | 0 days | 1,767 sqft |
| 2021-09-01 | 0 days | 1,470 sqft |
| 2021-10-01 | 0 days | 1,505 sqft |
| 2021-11-01 | 0 days | 1,401 sqft |
| 2021-12-01 | 0 days | 1,510 sqft |
| 2022-01-01 | 0 days | 1,488 sqft |
| 2022-02-01 | 0 days | 1,396 sqft |
| 2022-03-01 | 0 days | 1,400 sqft |
| 2022-04-01 | 0 days | 1,480 sqft |
| 2022-05-01 | 0 days | 1,487 sqft |
| 2022-06-01 | 0 days | 1,473 sqft |
| 2022-07-01 | 0 days | 1,540 sqft |
| 2022-08-01 | 0 days | 2,233 sqft |
| 2022-09-01 | 0 days | 2,332 sqft |
| 2022-10-01 | 0 days | 2,474 sqft |
| 2022-11-01 | 0 days | 2,630 sqft |
| 2022-12-01 | 0 days | 2,534 sqft |
| 2023-01-01 | 0 days | 2,498 sqft |
| 2023-02-01 | 0 days | 2,586 sqft |
| 2023-03-01 | 0 days | 2,368 sqft |
| 2023-04-01 | 0 days | 2,426 sqft |
| 2023-05-01 | 0 days | 2,521 sqft |
| 2023-06-01 | 0 days | 2,464 sqft |
| 2023-07-01 | 0 days | 2,464 sqft |
| 2023-08-01 | 0 days | 2,402 sqft |
| 2023-09-01 | 0 days | 2,450 sqft |
| 2023-10-01 | 0 days | 2,442 sqft |
| 2023-11-01 | 0 days | 2,427 sqft |
| 2023-12-01 | 0 days | 2,460 sqft |
| 2024-01-01 | 0 days | 2,481 sqft |
| 2024-02-01 | 0 days | 2,434 sqft |
| 2024-03-01 | 0 days | 2,424 sqft |
| 2024-04-01 | 0 days | 2,398 sqft |
| 2024-05-01 | 0 days | 2,363 sqft |
| 2024-06-01 | 0 days | 2,328 sqft |
| 2024-07-01 | 0 days | 2,330 sqft |
| 2024-08-01 | 0 days | 2,360 sqft |
| 2024-09-01 | 0 days | 2,414 sqft |
| 2024-10-01 | 0 days | 2,460 sqft |
| 2024-11-01 | 0 days | 2,470 sqft |
Grand Island's median square footage for active listings during the 2024-11-01 period was 2,470 sqft. One year prior, the average listing was 2,427 sqft.