Lake County USDA Loan Rates, Closing Costs & Stats
LAKE COUNTY-KENOSHA COUNTY, IL-WI
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.
Lake County USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Lake County
averaged
0%
for the week of 2024-04-12, compared to the national average (all USDA variants) of
6.705% for the same period.
Lake County's average USDA mortgage closing costs are $0.
The average rate for the prior week (2024-04-05) was
0% and
one month ago for the week of 2024-03-08, the
average rate was 0%.
The average rate one year ago was 0%.
For refis of the same type during the week of 2024-04-12, the average rate
was 0%.
Lake County 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 Lake County level.
| Name | # of Loans | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
|---|
The lowest fee Lake County USDA lenders (with over 10 loans originated) are
.
The lowest rate Lake County USDA lenders (with over 10 loans originated) are
.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Lake County (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 | $287,250 (6.0%) | $450,198 (4.4%) | 1.06 | 27,462 |
| 2018-02-01 | $302,450 (6.1%) | $469,270 (4.1%) | 1.10 | 27,948 |
| 2018-03-01 | $325,000 (8.5%) | $488,491 (5.1%) | 1.14 | 29,774 |
| 2018-04-01 | $330,000 (6.8%) | $492,259 (4.2%) | 1.12 | 31,628 |
| 2018-05-01 | $334,400 (5.3%) | $489,942 (3.3%) | 1.12 | 33,742 |
| 2018-06-01 | $329,999 (3.9%) | $482,120 (2.3%) | 1.10 | 36,367 |
| 2018-07-01 | $324,950 (3.2%) | $471,211 (1.1%) | 1.09 | 38,489 |
| 2018-08-01 | $319,700 (6.2%) | $460,166 (1.2%) | 1.07 | 39,562 |
| 2018-09-01 | $315,000 (5.0%) | $453,664 (0.9%) | 1.06 | 40,227 |
| 2018-10-01 | $309,950 (3.4%) | $448,859 (-0.6%) | 1.05 | 39,897 |
| 2018-11-01 | $299,950 (1.8%) | $445,523 (-0.6%) | 1.02 | 37,550 |
| 2018-12-01 | $295,000 (2.3%) | $437,492 (-1.1%) | 1.02 | 32,861 |
| 2019-01-01 | $295,950 (3.0%) | $440,629 (-2.1%) | 1.02 | 29,958 |
| 2019-02-01 | $309,500 (2.3%) | $462,206 (-1.5%) | 1.05 | 30,301 |
| 2019-03-01 | $324,429 (-0.2%) | $476,331 (-2.5%) | 1.06 | 32,305 |
| 2019-04-01 | $338,000 (2.4%) | $485,274 (-1.4%) | 1.07 | 34,403 |
| 2019-05-01 | $339,250 (1.5%) | $480,555 (-1.9%) | 1.06 | 36,832 |
| 2019-06-01 | $335,000 (1.5%) | $475,597 (-1.4%) | 1.05 | 38,918 |
| 2019-07-01 | $329,950 (1.5%) | $468,106 (-0.7%) | 1.03 | 40,388 |
| 2019-08-01 | $324,413 (1.5%) | $459,228 (-0.2%) | 1.03 | 40,814 |
| 2019-09-01 | $318,556 (1.1%) | $452,742 (-0.2%) | 1.02 | 40,712 |
| 2019-10-01 | $314,250 (1.4%) | $448,126 (-0.2%) | 1.01 | 40,421 |
| 2019-11-01 | $304,900 (1.7%) | $442,261 (-0.7%) | 1.00 | 36,899 |
| 2019-12-01 | $299,000 (1.4%) | $438,810 (0.3%) | 1.00 | 31,661 |
| 2020-01-01 | $299,450 (1.2%) | $441,973 (0.3%) | 1.00 | 28,836 |
| 2020-02-01 | $315,000 (1.8%) | $464,365 (0.5%) | 1.03 | 29,381 |
| 2020-03-01 | $325,000 (0.2%) | $473,384 (-0.6%) | 1.02 | 29,997 |
| 2020-04-01 | $323,400 (-4.3%) | $463,299 (-4.5%) | 1.01 | 28,555 |
| 2020-05-01 | $329,000 (-3.0%) | $474,902 (-1.2%) | 1.00 | 28,624 |
| 2020-06-01 | $336,085 (0.3%) | $486,544 (2.3%) | 0.99 | 28,543 |
| 2020-07-01 | $339,997 (3.1%) | $494,375 (5.6%) | 0.99 | 27,611 |
| 2020-08-01 | $344,900 (6.3%) | $499,470 (8.8%) | 0.99 | 27,206 |
| 2020-09-01 | $343,533 (7.8%) | $502,320 (11.0%) | 0.98 | 27,378 |
| 2020-10-01 | $339,900 (8.2%) | $497,662 (11.1%) | 0.97 | 27,446 |
| 2020-11-01 | $331,995 (8.9%) | $494,847 (11.9%) | 0.97 | 24,897 |
| 2020-12-01 | $325,000 (8.7%) | $492,399 (12.2%) | 0.97 | 21,084 |
| 2021-01-01 | $325,000 (8.5%) | $502,827 (13.8%) | 0.97 | 18,121 |
| 2021-02-01 | $339,450 (7.8%) | $540,781 (16.5%) | 0.99 | 16,161 |
| 2021-03-01 | $349,000 (7.4%) | $548,858 (15.9%) | 0.99 | 15,877 |
| 2021-04-01 | $349,900 (8.2%) | $548,921 (18.5%) | 0.95 | 16,543 |
| 2021-05-01 | $350,000 (6.4%) | $545,338 (14.8%) | 0.93 | 17,476 |
| 2021-06-01 | $350,000 (4.1%) | $534,224 (9.8%) | 0.92 | 19,693 |
| 2021-07-01 | $349,000 (2.7%) | $518,631 (4.9%) | 0.92 | 21,816 |
| 2021-08-01 | $337,450 (-2.2%) | $497,342 (-0.4%) | 0.90 | 22,741 |
| 2021-09-01 | $329,900 (-4.0%) | $488,052 (-2.8%) | 0.88 | 22,674 |
| 2021-10-01 | $325,900 (-4.1%) | $484,835 (-2.6%) | 0.87 | 21,992 |
| 2021-11-01 | $319,950 (-3.6%) | $482,043 (-2.6%) | 0.86 | 19,187 |
| 2021-12-01 | $312,250 (-3.9%) | $476,999 (-3.1%) | 0.85 | 15,720 |
| 2022-01-01 | $310,000 (-4.6%) | $489,349 (-2.7%) | 0.84 | 12,838 |
| 2022-02-01 | $322,500 (-5.0%) | $513,937 (-5.0%) | 0.84 | 11,726 |
| 2022-03-01 | $332,450 (-4.7%) | $523,593 (-4.6%) | 0.83 | 12,152 |
| 2022-04-01 | $349,900 (0.0%) | $531,824 (-3.1%) | 0.83 | 12,382 |
| 2022-05-01 | $354,900 (1.4%) | $535,363 (-1.8%) | 0.81 | 14,846 |
| 2022-06-01 | $359,900 (2.8%) | $530,444 (-0.7%) | 0.80 | 17,050 |
| 2022-07-01 | $350,000 (0.3%) | $513,670 (-1.0%) | 0.79 | 19,719 |
| 2022-08-01 | $349,450 (3.6%) | $507,873 (2.1%) | 0.81 | 19,915 |
| 2022-09-01 | $340,000 (3.1%) | $502,164 (2.9%) | 0.79 | 19,797 |
| 2022-10-01 | $339,700 (4.2%) | $498,038 (2.7%) | 0.80 | 19,804 |
| 2022-11-01 | $329,950 (3.1%) | $490,600 (1.8%) | 0.79 | 19,018 |
| 2022-12-01 | $322,425 (3.3%) | $481,210 (0.9%) | 0.80 | 16,289 |
| 2023-01-01 | $327,450 (5.6%) | $492,894 (0.7%) | 0.81 | 14,258 |
| 2023-02-01 | $337,495 (4.7%) | $517,753 (0.7%) | 0.81 | 12,900 |
| 2023-03-01 | $352,400 (6.0%) | $544,425 (4.0%) | 0.83 | 12,275 |
| 2023-04-01 | $369,000 (5.5%) | $567,358 (6.7%) | 0.86 | 11,825 |
| 2023-05-01 | $376,238 (6.0%) | $591,637 (10.5%) | 0.85 | 12,109 |
| 2023-06-01 | $382,500 (6.3%) | $589,573 (11.2%) | 0.86 | 13,082 |
| 2023-07-01 | $389,000 (11.1%) | $586,899 (14.3%) | 0.88 | 13,965 |
| 2023-08-01 | $384,500 (10.0%) | $578,186 (13.8%) | 0.88 | 14,426 |
| 2023-09-01 | $375,000 (10.3%) | $565,520 (12.6%) | 0.87 | 14,996 |
| 2023-10-01 | $369,950 (8.9%) | $559,841 (12.4%) | 0.87 | 15,411 |
| 2023-11-01 | $360,000 (9.1%) | $548,387 (11.8%) | 0.86 | 15,247 |
| 2023-12-01 | $350,000 (8.6%) | $534,697 (11.1%) | 0.85 | 13,309 |
| 2024-01-01 | $350,448 (7.0%) | $547,765 (11.1%) | 0.86 | 11,660 |
| 2024-02-01 | $359,950 (6.7%) | $573,169 (10.7%) | 0.87 | 11,176 |
| 2024-03-01 | $374,900 (6.4%) | $593,109 (8.9%) | 0.88 | 11,333 |
Lake County's median listing price comes in at 88% of the national average.
Lake County's average listing price for 2024-03-01 was $593,109, a difference of $48,684 (8.9%) versus the prior year and $19,940 versus the prior month.
For the 2024-03-01 period, Lake County had 11,333 MLS listings, a difference of 157 listings (1%) versus the prior month and -942 listings (-8%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Lake County (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 75 days | 1,893 sqft |
| 2018-02-01 | 54 days | 1,951 sqft |
| 2018-03-01 | 43 days | 2,000 sqft |
| 2018-04-01 | 40 days | 2,015 sqft |
| 2018-05-01 | 40 days | 2,021 sqft |
| 2018-06-01 | 42 days | 2,016 sqft |
| 2018-07-01 | 44 days | 2,000 sqft |
| 2018-08-01 | 47 days | 1,980 sqft |
| 2018-09-01 | 49 days | 1,966 sqft |
| 2018-10-01 | 51 days | 1,934 sqft |
| 2018-11-01 | 56 days | 1,901 sqft |
| 2018-12-01 | 67 days | 1,865 sqft |
| 2019-01-01 | 73 days | 1,863 sqft |
| 2019-02-01 | 55 days | 1,903 sqft |
| 2019-03-01 | 43 days | 1,962 sqft |
| 2019-04-01 | 39 days | 2,000 sqft |
| 2019-05-01 | 40 days | 2,000 sqft |
| 2019-06-01 | 43 days | 2,000 sqft |
| 2019-07-01 | 45 days | 2,000 sqft |
| 2019-08-01 | 48 days | 1,971 sqft |
| 2019-09-01 | 51 days | 1,939 sqft |
| 2019-10-01 | 54 days | 1,917 sqft |
| 2019-11-01 | 61 days | 1,900 sqft |
| 2019-12-01 | 74 days | 1,869 sqft |
| 2020-01-01 | 76 days | 1,861 sqft |
| 2020-02-01 | 45 days | 1,915 sqft |
| 2020-03-01 | 43 days | 1,955 sqft |
| 2020-04-01 | 51 days | 1,929 sqft |
| 2020-05-01 | 59 days | 1,950 sqft |
| 2020-06-01 | 45 days | 1,938 sqft |
| 2020-07-01 | 41 days | 1,906 sqft |
| 2020-08-01 | 40 days | 1,872 sqft |
| 2020-09-01 | 40 days | 1,807 sqft |
| 2020-10-01 | 43 days | 1,791 sqft |
| 2020-11-01 | 50 days | 1,731 sqft |
| 2020-12-01 | 58 days | 1,700 sqft |
| 2021-01-01 | 64 days | 1,680 sqft |
| 2021-02-01 | 45 days | 1,679 sqft |
| 2021-03-01 | 40 days | 1,676 sqft |
| 2021-04-01 | 33 days | 1,692 sqft |
| 2021-05-01 | 33 days | 1,700 sqft |
| 2021-06-01 | 32 days | 1,726 sqft |
| 2021-07-01 | 33 days | 1,728 sqft |
| 2021-08-01 | 36 days | 1,702 sqft |
| 2021-09-01 | 38 days | 1,690 sqft |
| 2021-10-01 | 40 days | 1,670 sqft |
| 2021-11-01 | 45 days | 1,642 sqft |
| 2021-12-01 | 53 days | 1,602 sqft |
| 2022-01-01 | 59 days | 1,600 sqft |
| 2022-02-01 | 39 days | 1,600 sqft |
| 2022-03-01 | 34 days | 1,624 sqft |
| 2022-04-01 | 30 days | 1,656 sqft |
| 2022-05-01 | 29 days | 1,700 sqft |
| 2022-06-01 | 30 days | 1,725 sqft |
| 2022-07-01 | 32 days | 1,733 sqft |
| 2022-08-01 | 36 days | 1,725 sqft |
| 2022-09-01 | 40 days | 1,709 sqft |
| 2022-10-01 | 40 days | 1,710 sqft |
| 2022-11-01 | 44 days | 1,703 sqft |
| 2022-12-01 | 54 days | 1,700 sqft |
| 2023-01-01 | 60 days | 1,700 sqft |
| 2023-02-01 | 44 days | 1,703 sqft |
| 2023-03-01 | 40 days | 1,744 sqft |
| 2023-04-01 | 38 days | 1,782 sqft |
| 2023-05-01 | 34 days | 1,800 sqft |
| 2023-06-01 | 34 days | 1,801 sqft |
| 2023-07-01 | 36 days | 1,815 sqft |
| 2023-08-01 | 36 days | 1,801 sqft |
| 2023-09-01 | 37 days | 1,800 sqft |
| 2023-10-01 | 37 days | 1,794 sqft |
| 2023-11-01 | 41 days | 1,778 sqft |
| 2023-12-01 | 50 days | 1,758 sqft |
| 2024-01-01 | 56 days | 1,759 sqft |
| 2024-02-01 | 40 days | 1,763 sqft |
| 2024-03-01 | 33 days | 1,800 sqft |
Lake County's median square footage for active listings during the 2024-03-01 period was 1,800 sqft. One year prior, the average listing was 1,744 sqft.