Lincoln USDA Loan Rates, Closing Costs & Stats

Lincoln, IL

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    • 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.

    Lincoln's 15 lenders originated 26 USDA loans during 2023. The total origination value was $2,900,000, with an average USDA loan value of $111,538.

    Lincoln USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Lincoln averaged 6.59% for the week of 2024-11-08, compared to the national average (all USDA variants) of 6.477% for the same period.

    Lincoln's average USDA mortgage closing costs are $3,220.

    The average rate for the prior week (2024-11-01) was 6.56% and one month ago for the week of 2024-10-04, the average rate was 5.79%.

    The average rate one year ago was 7.22%.

    For refis of the same type during the week of 2024-11-08, the average rate was 6.48%.

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

    Lincoln 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 Lincoln level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    DAS Acquisition Company, LLC 7 7.43% $5,033
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 3 6.71% $6,204
    FIRST STATE MORTGAGE SERVICES, LLC 3 6.79% $4,003
    Flanagan State Bank 2 6.88% $4,230
    COMPASS MORTGAGE, INC. 1 7.63% $5,093
    DIAMOND RESIDENTIAL MORTGAGE CORPORATION 1 7.63% $4,716
    Carrollton Bank 1 6.63% $3,532
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 7.50% $5,905
    GUARANTEED RATE, INC. 1 7.13% $4,002
    GUILD MORTGAGE COMPANY 1 7.13% $3,499
    INB 1 6.00% $3,280
    PNC Bank 1 6.38% $3,102
    Regions Bank 1 7.25% $3,634
    TOP FLITE FINANCIAL, INC. 1 6.75% $5,059
    UNITED WHOLESALE MORTGAGE, LLC 1 5.25% $4,732

    The top Lincoln USDA lender as defined by loan originations is DAS Acquisition Company, LLC, with 7 USDA loans originated. Their average total fees are $5,033, which is $1,171 lower than the next largest lender, AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC.

    The lowest fee Lincoln USDA lenders (with over 10 loans originated) are .

    The lowest rate Lincoln USDA lenders (with over 10 loans originated) are .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Lincoln (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 $98,175 (18.3%) $119,490 (23.3%) 0.00 156
    2018-02-01 $103,200 (22.9%) $119,063 (21.8%) 0.00 151
    2018-03-01 $104,450 (30.7%) $121,834 (25.3%) 0.00 150
    2018-04-01 $99,450 (32.6%) $122,400 (27.5%) 0.00 147
    2018-05-01 $106,725 (30.8%) $122,321 (20.5%) 0.00 148
    2018-06-01 $99,900 (12.1%) $121,894 (17.4%) 0.00 166
    2018-07-01 $98,250 (14.3%) $119,428 (17.2%) 0.00 188
    2018-08-01 $99,900 (5.4%) $121,981 (9.9%) 0.00 200
    2018-09-01 $101,200 (6.0%) $122,048 (5.4%) 0.00 204
    2018-10-01 $99,975 (8.2%) $124,338 (11.7%) 0.00 196
    2018-11-01 $104,975 (11.6%) $126,711 (11.0%) 0.00 189
    2018-12-01 $108,500 (14.3%) $128,371 (8.5%) 0.00 182
    2019-01-01 $99,950 (1.8%) $124,789 (4.4%) 0.00 180
    2019-02-01 $102,450 (-0.7%) $125,928 (5.8%) 0.00 174
    2019-03-01 $102,914 (-1.5%) $126,315 (3.7%) 0.00 179
    2019-04-01 $98,200 (-1.3%) $125,965 (2.9%) 0.00 184
    2019-05-01 $94,900 (-11.1%) $120,339 (-1.6%) 0.00 186
    2019-06-01 $94,900 (-5.0%) $119,831 (-1.7%) 0.00 193
    2019-07-01 $94,900 (-3.4%) $118,238 (-1.0%) 0.00 190
    2019-08-01 $94,900 (-5.0%) $119,343 (-2.2%) 0.00 193
    2019-09-01 $94,900 (-6.2%) $118,456 (-2.9%) 0.00 202
    2019-10-01 $94,900 (-5.1%) $117,865 (-5.2%) 0.00 207
    2019-11-01 $93,000 (-11.4%) $117,237 (-7.5%) 0.00 194
    2019-12-01 $94,900 (-12.5%) $117,920 (-8.1%) 0.00 187
    2020-01-01 $94,900 (-5.1%) $116,596 (-6.6%) 0.00 171
    2020-02-01 $94,900 (-7.4%) $119,056 (-5.5%) 0.00 170
    2020-03-01 $96,500 (-6.2%) $119,292 (-5.6%) 0.00 172
    2020-04-01 $94,900 (-3.4%) $115,193 (-8.6%) 0.00 169
    2020-05-01 $90,700 (-4.4%) $114,598 (-4.8%) 0.00 151
    2020-06-01 $94,900 (0.0%) $117,123 (-2.3%) 0.00 141
    2020-07-01 $94,800 (-0.1%) $115,669 (-2.2%) 0.00 130
    2020-08-01 $85,000 (-10.4%) $113,635 (-4.8%) 0.00 123
    2020-09-01 $80,175 (-15.5%) $109,481 (-7.6%) 0.00 129
    2020-10-01 $79,900 (-15.8%) $106,821 (-9.4%) 0.00 121
    2020-11-01 $79,900 (-14.1%) $103,783 (-11.5%) 0.00 123
    2020-12-01 $79,900 (-15.8%) $101,726 (-13.7%) 0.00 118
    2021-01-01 $79,900 (-15.8%) $101,278 (-13.1%) 0.00 86
    2021-02-01 $79,900 (-15.8%) $96,623 (-18.8%) 0.00 72
    2021-03-01 $79,900 (-17.2%) $93,959 (-21.2%) 0.00 58
    2021-04-01 $74,200 (-21.8%) $95,365 (-17.2%) 0.00 47
    2021-05-01 $79,900 (-11.9%) $109,617 (-4.4%) 0.00 42
    2021-06-01 $91,675 (-3.4%) $128,809 (10.0%) 0.00 50
    2021-07-01 $114,900 (21.2%) $129,439 (11.9%) 0.00 60
    2021-08-01 $117,400 (38.1%) $124,024 (9.1%) 0.00 52
    2021-09-01 $119,900 (49.6%) $132,785 (21.3%) 0.00 50
    2021-10-01 $114,900 (43.8%) $129,903 (21.6%) 0.00 52
    2021-11-01 $98,650 (23.5%) $110,012 (6.0%) 0.00 44
    2021-12-01 $91,150 (14.1%) $103,822 (2.1%) 0.00 42
    2022-01-01 $89,900 (12.5%) $104,354 (3.0%) 0.00 44
    2022-02-01 $88,675 (11.0%) $109,698 (13.5%) 0.00 36
    2022-03-01 $105,000 (31.4%) $110,165 (17.3%) 0.00 26
    2022-04-01 $134,900 (81.8%) $174,966 (83.5%) 0.00 26
    2022-05-01 $149,500 (87.1%) $173,486 (58.3%) 0.00 33
    2022-06-01 $128,725 (40.4%) $153,411 (19.1%) 0.00 30
    2022-07-01 $122,450 (6.6%) $141,928 (9.7%) 0.00 31
    2022-08-01 $123,725 (5.4%) $148,653 (19.9%) 0.00 32
    2022-09-01 $123,750 (3.2%) $146,656 (10.5%) 0.00 29
    2022-10-01 $100,000 (-13.0%) $142,162 (9.4%) 0.00 41
    2022-11-01 $99,950 (1.3%) $152,832 (38.9%) 0.00 48
    2022-12-01 $105,000 (15.2%) $147,208 (41.8%) 0.00 45
    2023-01-01 $106,225 (18.2%) $152,254 (45.9%) 0.00 39
    2023-02-01 $108,725 (22.6%) $145,259 (32.4%) 0.00 38
    2023-03-01 $117,000 (11.4%) $151,466 (37.5%) 0.00 30
    2023-04-01 $100,000 (-25.9%) $150,571 (-13.9%) 0.00 29
    2023-05-01 $118,925 (-20.5%) $148,165 (-14.6%) 0.00 29
    2023-06-01 $108,450 (-15.8%) $162,263 (5.8%) 0.00 25
    2023-07-01 $125,000 (2.1%) $182,474 (28.6%) 0.00 27
    2023-08-01 $144,700 (17.0%) $183,710 (23.6%) 0.00 38
    2023-09-01 $123,900 (0.1%) $162,948 (11.1%) 0.00 40
    2023-10-01 $116,200 (16.2%) $160,199 (12.7%) 0.00 38
    2023-11-01 $110,950 (11.0%) $152,464 (-0.2%) 0.00 40
    2023-12-01 $112,400 (7.1%) $152,561 (3.6%) 0.00 38
    2024-01-01 $118,500 (11.6%) $162,424 (6.7%) 0.00 31
    2024-02-01 $136,450 (25.5%) $196,699 (35.4%) 0.00 26
    2024-03-01 $140,000 (19.7%) $216,157 (42.7%) 0.00 22
    2024-04-01 $159,900 (59.9%) $228,126 (51.5%) 0.00 26
    2024-05-01 $157,450 (32.4%) $235,922 (59.2%) 0.00 27
    2024-06-01 $155,000 (42.9%) $221,357 (36.4%) 0.00 33
    2024-07-01 $149,950 (20.0%) $207,056 (13.5%) 0.00 37
    2024-08-01 $149,900 (3.6%) $202,707 (10.3%) 0.00 36
    2024-09-01 $160,700 (29.7%) $191,247 (17.4%) 0.00 44
    2024-10-01 $156,975 (35.1%) $172,195 (7.5%) 0.00 47
    Lincoln's median listing price for 2024-10-01 was $156,975, a difference of $40,775 (35.1%) versus the prior year and $-3,725 versus the prior month.

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

    Lincoln's average listing price for 2024-10-01 was $172,195, a difference of $11,996 (7.5%) versus the prior year and $-19,052 versus the prior month.

    For the 2024-10-01 period, Lincoln had 47 MLS listings, a difference of 3 listings (7%) versus the prior month and 9 listings (24%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Lincoln (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,734 sqft
    2018-02-01 0 days 1,761 sqft
    2018-03-01 0 days 1,802 sqft
    2018-04-01 0 days 1,765 sqft
    2018-05-01 0 days 1,753 sqft
    2018-06-01 0 days 1,729 sqft
    2018-07-01 0 days 1,691 sqft
    2018-08-01 0 days 1,716 sqft
    2018-09-01 0 days 1,782 sqft
    2018-10-01 0 days 1,772 sqft
    2018-11-01 0 days 1,759 sqft
    2018-12-01 0 days 1,780 sqft
    2019-01-01 0 days 1,732 sqft
    2019-02-01 0 days 1,745 sqft
    2019-03-01 0 days 1,712 sqft
    2019-04-01 0 days 1,669 sqft
    2019-05-01 0 days 1,675 sqft
    2019-06-01 0 days 1,694 sqft
    2019-07-01 0 days 1,697 sqft
    2019-08-01 0 days 1,688 sqft
    2019-09-01 0 days 1,670 sqft
    2019-10-01 0 days 1,652 sqft
    2019-11-01 0 days 1,640 sqft
    2019-12-01 0 days 1,648 sqft
    2020-01-01 0 days 1,650 sqft
    2020-02-01 0 days 1,660 sqft
    2020-03-01 0 days 1,696 sqft
    2020-04-01 0 days 1,674 sqft
    2020-05-01 0 days 1,648 sqft
    2020-06-01 0 days 1,703 sqft
    2020-07-01 0 days 1,656 sqft
    2020-08-01 0 days 1,632 sqft
    2020-09-01 0 days 1,584 sqft
    2020-10-01 0 days 1,536 sqft
    2020-11-01 0 days 1,568 sqft
    2020-12-01 0 days 1,491 sqft
    2021-01-01 0 days 1,519 sqft
    2021-02-01 0 days 1,535 sqft
    2021-03-01 0 days 1,409 sqft
    2021-04-01 0 days 1,264 sqft
    2021-05-01 0 days 1,292 sqft
    2021-06-01 0 days 1,480 sqft
    2021-07-01 0 days 1,600 sqft
    2021-08-01 0 days 1,606 sqft
    2021-09-01 0 days 1,679 sqft
    2021-10-01 0 days 1,679 sqft
    2021-11-01 0 days 1,614 sqft
    2021-12-01 0 days 1,558 sqft
    2022-01-01 0 days 1,413 sqft
    2022-02-01 0 days 1,409 sqft
    2022-03-01 0 days 1,309 sqft
    2022-04-01 0 days 1,510 sqft
    2022-05-01 0 days 1,753 sqft
    2022-06-01 0 days 1,617 sqft
    2022-07-01 0 days 1,524 sqft
    2022-08-01 0 days 1,529 sqft
    2022-09-01 0 days 1,659 sqft
    2022-10-01 0 days 1,652 sqft
    2022-11-01 0 days 1,596 sqft
    2022-12-01 0 days 1,652 sqft
    2023-01-01 0 days 1,687 sqft
    2023-02-01 0 days 1,615 sqft
    2023-03-01 0 days 1,556 sqft
    2023-04-01 0 days 1,514 sqft
    2023-05-01 0 days 1,721 sqft
    2023-06-01 0 days 1,554 sqft
    2023-07-01 0 days 1,536 sqft
    2023-08-01 0 days 1,562 sqft
    2023-09-01 0 days 1,368 sqft
    2023-10-01 0 days 1,325 sqft
    2023-11-01 0 days 1,295 sqft
    2023-12-01 0 days 1,384 sqft
    2024-01-01 0 days 1,413 sqft
    2024-02-01 0 days 1,650 sqft
    2024-03-01 0 days 1,584 sqft
    2024-04-01 0 days 1,674 sqft
    2024-05-01 0 days 1,477 sqft
    2024-06-01 0 days 1,572 sqft
    2024-07-01 0 days 1,573 sqft
    2024-08-01 0 days 1,653 sqft
    2024-09-01 0 days 1,647 sqft
    2024-10-01 0 days 1,578 sqft
    Lincoln's median listing age (time on market) for 2024-10-01 was 0 days.

    Lincoln's median square footage for active listings during the 2024-10-01 period was 1,578 sqft. One year prior, the average listing was 1,325 sqft.