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 0.21% for the week of 2024-11-29, compared to the national average (all USDA variants) of 0% for the same period.

Lexington's average USDA mortgage closing costs are $3,849.

The average rate for the prior week (2024-11-22) was 6.81% and one month ago for the week of 2024-10-25, the average rate was 6.41%.

The average rate one year ago was 7.11%.

For refis of the same type during the week of 2024-11-29, the average rate was 0%.

Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

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
2024-04-01 $291,125 (-1.7%) $347,782 (-3.2%) 0.00 70
2024-05-01 $287,500 (-2.5%) $343,810 (-5.2%) 0.00 69
2024-06-01 $299,450 (7.5%) $366,945 (-1.6%) 0.00 71
2024-07-01 $302,175 (7.5%) $396,437 (6.8%) 0.00 73
2024-08-01 $314,900 (28.2%) $388,285 (10.0%) 0.00 65
2024-09-01 $317,125 (33.0%) $407,761 (13.8%) 0.00 67
2024-10-01 $314,900 (32.0%) $392,631 (14.8%) 0.00 69
Lexington's median listing price for 2024-10-01 was $314,900, a difference of $76,400 (32.0%) versus the prior year and $-2,225 versus the prior month.

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

Lexington's average listing price for 2024-10-01 was $392,631, a difference of $50,658 (14.8%) versus the prior year and $-15,130 versus the prior month.

For the 2024-10-01 period, Lexington had 69 MLS listings, a difference of 2 listings (3%) versus the prior month and 12 listings (21%) 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
2024-04-01 0 days 1,895 sqft
2024-05-01 0 days 1,920 sqft
2024-06-01 0 days 1,922 sqft
2024-07-01 0 days 1,988 sqft
2024-08-01 0 days 2,279 sqft
2024-09-01 0 days 2,255 sqft
2024-10-01 0 days 2,027 sqft
Lexington's median listing age (time on market) for 2024-10-01 was 0 days.

Lexington's median square footage for active listings during the 2024-10-01 period was 2,027 sqft. One year prior, the average listing was 1,809 sqft.