Lexington USDA Loan Rates, Closing Costs & Stats
Lexington, 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.
Lexington's 3 lenders originated 4 USDA loans during 2023. The total origination value was $470,000, with an average USDA loan value of $117,500.
Lexington USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Lexington
averaged
7.07%
for the week of 2024-04-19, compared to the national average (all USDA variants) of
6.863% for the same period.
Lexington's average USDA mortgage closing costs are $3,849.
The average rate for the prior week (2024-04-12) was
6.72% and
one month ago for the week of 2024-03-15, the
average rate was 6.51%.
The average rate one year ago was 6.55%.
For refis of the same type during the week of 2024-04-19, the average rate
was 6.96%.
Lexington 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 Lexington level.
| Name | # of Loans | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
|---|---|---|---|
| Pinnacle Bank | 2 | 6.56% | $4,316 |
| First State Bank | 1 | 5.50% | $3,421 |
| West Gate Bank | 1 | 6.63% | $3,009 |
The top Lexington USDA lender as defined by loan originations is Pinnacle Bank, with
2 USDA loans originated. Their average total fees are
$4,316, which is $895
higher than the next largest lender,
First State Bank.
The lowest fee Lexington USDA lenders (with over 10 loans originated) are
.
The lowest rate Lexington USDA lenders (with over 10 loans originated) are
.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Lexington (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 | $98,100 (-18.1%) | $143,257 (0.3%) | 0.00 | 57 |
| 2018-02-01 | $108,950 (4.6%) | $150,243 (11.8%) | 0.00 | 60 |
| 2018-03-01 | $128,500 (29.8%) | $168,504 (26.7%) | 0.00 | 61 |
| 2018-04-01 | $155,000 (37.8%) | $175,086 (26.2%) | 0.00 | 62 |
| 2018-05-01 | $154,725 (23.8%) | $170,988 (19.2%) | 0.00 | 69 |
| 2018-06-01 | $162,500 (30.4%) | $197,989 (41.8%) | 0.00 | 104 |
| 2018-07-01 | $159,000 (28.3%) | $196,382 (37.7%) | 0.00 | 94 |
| 2018-08-01 | $139,450 (5.1%) | $181,117 (13.4%) | 0.00 | 88 |
| 2018-09-01 | $139,900 (1.8%) | $176,133 (1.6%) | 0.00 | 90 |
| 2018-10-01 | $151,200 (11.2%) | $191,000 (20.0%) | 0.00 | 80 |
| 2018-11-01 | $162,425 (17.5%) | $197,165 (28.3%) | 0.00 | 80 |
| 2018-12-01 | $164,975 (32.5%) | $196,849 (33.4%) | 0.00 | 76 |
| 2019-01-01 | $165,000 (68.2%) | $209,915 (46.5%) | 0.00 | 95 |
| 2019-02-01 | $164,988 (51.4%) | $211,554 (40.8%) | 0.00 | 92 |
| 2019-03-01 | $167,386 (30.3%) | $213,935 (27.0%) | 0.00 | 91 |
| 2019-04-01 | $167,236 (7.9%) | $211,104 (20.6%) | 0.00 | 93 |
| 2019-05-01 | $168,750 (9.1%) | $216,883 (26.8%) | 0.00 | 103 |
| 2019-06-01 | $165,750 (2.0%) | $210,305 (6.2%) | 0.00 | 111 |
| 2019-07-01 | $162,400 (2.1%) | $218,086 (11.1%) | 0.00 | 107 |
| 2019-08-01 | $167,836 (20.4%) | $222,246 (22.7%) | 0.00 | 105 |
| 2019-09-01 | $179,741 (28.5%) | $225,539 (28.1%) | 0.00 | 103 |
| 2019-10-01 | $187,677 (24.1%) | $225,772 (18.2%) | 0.00 | 102 |
| 2019-11-01 | $169,500 (4.4%) | $214,695 (8.9%) | 0.00 | 87 |
| 2019-12-01 | $192,975 (17.0%) | $216,590 (10.0%) | 0.00 | 85 |
| 2020-01-01 | $199,000 (20.6%) | $222,116 (5.8%) | 0.00 | 79 |
| 2020-02-01 | $199,900 (21.2%) | $218,607 (3.3%) | 0.00 | 82 |
| 2020-03-01 | $205,225 (22.6%) | $236,208 (10.4%) | 0.00 | 84 |
| 2020-04-01 | $213,250 (27.5%) | $241,222 (14.3%) | 0.00 | 83 |
| 2020-05-01 | $216,950 (28.6%) | $242,613 (11.9%) | 0.00 | 86 |
| 2020-06-01 | $214,250 (29.3%) | $249,874 (18.8%) | 0.00 | 70 |
| 2020-07-01 | $215,000 (32.4%) | $248,766 (14.1%) | 0.00 | 66 |
| 2020-08-01 | $195,000 (16.2%) | $230,693 (3.8%) | 0.00 | 71 |
| 2020-09-01 | $182,950 (1.8%) | $218,338 (-3.2%) | 0.00 | 66 |
| 2020-10-01 | $179,900 (-4.1%) | $211,116 (-6.5%) | 0.00 | 58 |
| 2020-11-01 | $169,900 (0.2%) | $206,968 (-3.6%) | 0.00 | 57 |
| 2020-12-01 | $167,450 (-13.2%) | $207,310 (-4.3%) | 0.00 | 46 |
| 2021-01-01 | $165,000 (-17.1%) | $201,563 (-9.3%) | 0.00 | 41 |
| 2021-02-01 | $145,875 (-27.0%) | $189,999 (-13.1%) | 0.00 | 43 |
| 2021-03-01 | $160,000 (-22.0%) | $202,658 (-14.2%) | 0.00 | 22 |
| 2021-04-01 | $168,500 (-21.0%) | $224,996 (-6.7%) | 0.00 | 21 |
| 2021-05-01 | $210,000 (-3.2%) | $257,453 (6.1%) | 0.00 | 20 |
| 2021-06-01 | $224,900 (5.0%) | $258,174 (3.3%) | 0.00 | 25 |
| 2021-07-01 | $232,450 (8.1%) | $255,617 (2.8%) | 0.00 | 25 |
| 2021-08-01 | $227,000 (16.4%) | $247,355 (7.2%) | 0.00 | 25 |
| 2021-09-01 | $211,250 (15.5%) | $213,523 (-2.2%) | 0.00 | 32 |
| 2021-10-01 | $182,000 (1.2%) | $204,031 (-3.4%) | 0.00 | 26 |
| 2021-11-01 | $194,075 (14.2%) | $224,535 (8.5%) | 0.00 | 25 |
| 2021-12-01 | $192,725 (15.1%) | $248,333 (19.8%) | 0.00 | 27 |
| 2022-01-01 | $219,000 (32.7%) | $267,384 (32.7%) | 0.00 | 31 |
| 2022-02-01 | $223,500 (53.2%) | $281,019 (47.9%) | 0.00 | 26 |
| 2022-03-01 | $235,500 (47.2%) | $306,023 (51.0%) | 0.00 | 25 |
| 2022-04-01 | $222,500 (32.1%) | $282,287 (25.5%) | 0.00 | 27 |
| 2022-05-01 | $218,500 (4.1%) | $282,746 (9.8%) | 0.00 | 24 |
| 2022-06-01 | $209,375 (-6.9%) | $285,364 (10.5%) | 0.00 | 26 |
| 2022-07-01 | $289,000 (24.3%) | $322,938 (26.3%) | 0.00 | 30 |
| 2022-08-01 | $283,250 (24.8%) | $338,468 (36.8%) | 0.00 | 40 |
| 2022-09-01 | $275,000 (30.2%) | $320,705 (50.2%) | 0.00 | 43 |
| 2022-10-01 | $258,000 (41.8%) | $343,738 (68.5%) | 0.00 | 48 |
| 2022-11-01 | $269,950 (39.1%) | $338,060 (50.6%) | 0.00 | 57 |
| 2022-12-01 | $269,950 (40.1%) | $321,718 (29.6%) | 0.00 | 50 |
| 2023-01-01 | $269,925 (23.3%) | $327,643 (22.5%) | 0.00 | 49 |
| 2023-02-01 | $271,250 (21.4%) | $315,003 (12.1%) | 0.00 | 39 |
| 2023-03-01 | $288,375 (22.5%) | $353,832 (15.6%) | 0.00 | 41 |
| 2023-04-01 | $296,000 (33.0%) | $359,116 (27.2%) | 0.00 | 47 |
| 2023-05-01 | $294,750 (34.9%) | $362,737 (28.3%) | 0.00 | 45 |
| 2023-06-01 | $278,600 (33.1%) | $372,733 (30.6%) | 0.00 | 49 |
| 2023-07-01 | $281,200 (-2.7%) | $371,107 (14.9%) | 0.00 | 50 |
| 2023-08-01 | $245,700 (-13.3%) | $353,118 (4.3%) | 0.00 | 57 |
| 2023-09-01 | $238,500 (-13.3%) | $358,262 (11.7%) | 0.00 | 57 |
| 2023-10-01 | $238,500 (-7.6%) | $341,973 (-0.5%) | 0.00 | 57 |
| 2023-11-01 | $268,750 (-0.4%) | $313,132 (-7.4%) | 0.00 | 50 |
| 2023-12-01 | $294,000 (8.9%) | $319,008 (-0.8%) | 0.00 | 63 |
| 2024-01-01 | $270,875 (0.4%) | $318,948 (-2.7%) | 0.00 | 68 |
| 2024-02-01 | $275,450 (1.6%) | $325,834 (3.4%) | 0.00 | 62 |
| 2024-03-01 | $283,500 (-1.7%) | $316,955 (-10.4%) | 0.00 | 74 |
Lexington's median listing price comes in at 0% of the national average.
Lexington's average listing price for 2024-03-01 was $316,955, a difference of $-36,877 (-10.4%) versus the prior year and $-8,879 versus the prior month.
For the 2024-03-01 period, Lexington had 74 MLS listings, a difference of 12 listings (19%) versus the prior month and 33 listings (80%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Lexington (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 0 days | 1,547 sqft |
| 2018-02-01 | 0 days | 1,590 sqft |
| 2018-03-01 | 0 days | 1,780 sqft |
| 2018-04-01 | 0 days | 2,002 sqft |
| 2018-05-01 | 0 days | 1,862 sqft |
| 2018-06-01 | 0 days | 1,830 sqft |
| 2018-07-01 | 0 days | 1,863 sqft |
| 2018-08-01 | 0 days | 1,749 sqft |
| 2018-09-01 | 0 days | 1,751 sqft |
| 2018-10-01 | 0 days | 1,830 sqft |
| 2018-11-01 | 0 days | 1,850 sqft |
| 2018-12-01 | 0 days | 1,872 sqft |
| 2019-01-01 | 0 days | 1,920 sqft |
| 2019-02-01 | 0 days | 1,920 sqft |
| 2019-03-01 | 0 days | 1,912 sqft |
| 2019-04-01 | 0 days | 1,919 sqft |
| 2019-05-01 | 0 days | 1,910 sqft |
| 2019-06-01 | 0 days | 1,846 sqft |
| 2019-07-01 | 0 days | 1,812 sqft |
| 2019-08-01 | 0 days | 1,872 sqft |
| 2019-09-01 | 0 days | 1,842 sqft |
| 2019-10-01 | 0 days | 1,833 sqft |
| 2019-11-01 | 0 days | 1,866 sqft |
| 2019-12-01 | 0 days | 1,844 sqft |
| 2020-01-01 | 0 days | 1,856 sqft |
| 2020-02-01 | 0 days | 1,770 sqft |
| 2020-03-01 | 0 days | 1,800 sqft |
| 2020-04-01 | 0 days | 1,790 sqft |
| 2020-05-01 | 0 days | 1,866 sqft |
| 2020-06-01 | 0 days | 1,999 sqft |
| 2020-07-01 | 0 days | 2,075 sqft |
| 2020-08-01 | 0 days | 2,097 sqft |
| 2020-09-01 | 0 days | 2,078 sqft |
| 2020-10-01 | 0 days | 1,798 sqft |
| 2020-11-01 | 0 days | 1,845 sqft |
| 2020-12-01 | 0 days | 1,943 sqft |
| 2021-01-01 | 0 days | 1,995 sqft |
| 2021-02-01 | 0 days | 1,782 sqft |
| 2021-03-01 | 0 days | 1,682 sqft |
| 2021-04-01 | 0 days | 2,208 sqft |
| 2021-05-01 | 0 days | 2,480 sqft |
| 2021-06-01 | 0 days | 2,260 sqft |
| 2021-07-01 | 0 days | 2,288 sqft |
| 2021-08-01 | 0 days | 2,289 sqft |
| 2021-09-01 | 0 days | 1,983 sqft |
| 2021-10-01 | 0 days | 1,934 sqft |
| 2021-11-01 | 0 days | 1,994 sqft |
| 2021-12-01 | 0 days | 2,007 sqft |
| 2022-01-01 | 0 days | 2,098 sqft |
| 2022-02-01 | 0 days | 2,006 sqft |
| 2022-03-01 | 0 days | 1,992 sqft |
| 2022-04-01 | 0 days | 2,002 sqft |
| 2022-05-01 | 0 days | 1,750 sqft |
| 2022-06-01 | 0 days | 2,249 sqft |
| 2022-07-01 | 0 days | 2,458 sqft |
| 2022-08-01 | 0 days | 2,095 sqft |
| 2022-09-01 | 0 days | 2,039 sqft |
| 2022-10-01 | 0 days | 2,044 sqft |
| 2022-11-01 | 0 days | 1,687 sqft |
| 2022-12-01 | 0 days | 1,687 sqft |
| 2023-01-01 | 0 days | 1,687 sqft |
| 2023-02-01 | 0 days | 1,719 sqft |
| 2023-03-01 | 0 days | 1,991 sqft |
| 2023-04-01 | 0 days | 2,198 sqft |
| 2023-05-01 | 0 days | 2,203 sqft |
| 2023-06-01 | 0 days | 2,174 sqft |
| 2023-07-01 | 0 days | 2,058 sqft |
| 2023-08-01 | 0 days | 1,752 sqft |
| 2023-09-01 | 0 days | 1,687 sqft |
| 2023-10-01 | 0 days | 1,809 sqft |
| 2023-11-01 | 0 days | 1,857 sqft |
| 2023-12-01 | 0 days | 1,720 sqft |
| 2024-01-01 | 0 days | 1,740 sqft |
| 2024-02-01 | 0 days | 1,734 sqft |
| 2024-03-01 | 0 days | 1,734 sqft |
Lexington's median square footage for active listings during the 2024-03-01 period was 1,734 sqft. One year prior, the average listing was 1,991 sqft.