Lincoln USDA Loan Rates, Closing Costs & Stats

LINCOLN, NE

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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 3 lenders originated 10 USDA loans during 2023. The total origination value was $1,720,000, with an average USDA loan value of $172,000.

    Lincoln USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Lincoln averaged 6.69% for the week of 2024-04-19, compared to the national average (all USDA variants) of 6.863% for the same period.

    Lincoln's average USDA mortgage closing costs are $3,780.

    The average rate for the prior week (2024-04-12) was 6.74% and one month ago for the week of 2024-03-15, the average rate was 6.33%.

    The average rate one year ago was 6.37%.

    For refis of the same type during the week of 2024-04-19, the average rate was 7.31%.

    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
    CHARTER WEST BANK 2 6.13% $4,814
    GERSHMAN INVESTMENT CORP. 1 6.88% $4,839
    UNITED WHOLESALE MORTGAGE, LLC 1 6.63% $5,508

    The top Lincoln USDA lender as defined by loan originations is CHARTER WEST BANK, with 2 USDA loans originated. Their average total fees are $4,814, which is $25 lower than the next largest lender, GERSHMAN INVESTMENT CORP..

    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 $282,250 (25.5%) $344,966 (22.0%) 1.05 643
    2018-02-01 $299,450 (19.2%) $358,952 (19.1%) 1.09 612
    2018-03-01 $319,950 (24.2%) $364,659 (18.8%) 1.12 590
    2018-04-01 $323,713 (13.6%) $379,691 (13.9%) 1.10 620
    2018-05-01 $314,961 (8.1%) $373,405 (10.9%) 1.05 673
    2018-06-01 $308,900 (9.9%) $372,102 (12.7%) 1.03 714
    2018-07-01 $299,916 (12.5%) $368,433 (15.3%) 1.00 792
    2018-08-01 $289,800 (10.5%) $358,893 (13.3%) 0.97 858
    2018-09-01 $285,500 (14.3%) $352,035 (11.5%) 0.96 875
    2018-10-01 $275,440 (10.2%) $342,336 (8.4%) 0.93 945
    2018-11-01 $271,319 (2.6%) $333,806 (2.1%) 0.92 981
    2018-12-01 $272,500 (1.2%) $332,315 (0.0%) 0.94 891
    2019-01-01 $273,697 (-3.0%) $333,553 (-3.3%) 0.95 796
    2019-02-01 $284,948 (-4.8%) $343,605 (-4.3%) 0.96 753
    2019-03-01 $292,889 (-8.5%) $335,686 (-8.0%) 0.96 729
    2019-04-01 $296,026 (-8.6%) $329,557 (-13.2%) 0.94 694
    2019-05-01 $306,625 (-2.7%) $341,747 (-8.5%) 0.96 756
    2019-06-01 $299,900 (-2.9%) $336,092 (-9.7%) 0.94 790
    2019-07-01 $299,900 (0.0%) $332,953 (-9.6%) 0.94 781
    2019-08-01 $292,941 (1.1%) $328,280 (-8.5%) 0.93 830
    2019-09-01 $285,352 (-0.1%) $321,606 (-8.6%) 0.91 894
    2019-10-01 $279,725 (1.6%) $317,533 (-7.3%) 0.90 928
    2019-11-01 $282,079 (4.0%) $317,249 (-5.0%) 0.92 854
    2019-12-01 $284,900 (4.6%) $318,270 (-4.2%) 0.95 784
    2020-01-01 $299,925 (9.6%) $330,626 (-0.9%) 1.00 681
    2020-02-01 $302,500 (6.2%) $336,803 (-2.0%) 0.99 614
    2020-03-01 $303,575 (3.7%) $338,261 (0.8%) 0.95 641
    2020-04-01 $304,850 (3.0%) $337,646 (2.5%) 0.95 701
    2020-05-01 $319,000 (4.0%) $358,506 (4.9%) 0.97 651
    2020-06-01 $325,500 (8.5%) $368,812 (9.7%) 0.96 546
    2020-07-01 $325,000 (8.4%) $373,268 (12.1%) 0.94 499
    2020-08-01 $315,000 (7.5%) $365,770 (11.4%) 0.90 474
    2020-09-01 $307,925 (7.9%) $363,745 (13.1%) 0.88 454
    2020-10-01 $299,950 (7.2%) $365,332 (15.1%) 0.86 455
    2020-11-01 $321,650 (14.0%) $380,020 (19.8%) 0.94 472
    2020-12-01 $326,663 (14.7%) $375,951 (18.1%) 0.97 454
    2021-01-01 $334,950 (11.7%) $371,268 (12.3%) 1.00 395
    2021-02-01 $350,700 (15.9%) $385,336 (14.4%) 1.02 360
    2021-03-01 $362,225 (19.3%) $389,368 (15.1%) 1.03 374
    2021-04-01 $359,900 (18.1%) $395,376 (17.1%) 0.97 368
    2021-05-01 $359,900 (12.8%) $423,128 (18.0%) 0.96 364
    2021-06-01 $336,975 (3.5%) $410,103 (11.2%) 0.89 404
    2021-07-01 $329,000 (1.2%) $397,056 (6.4%) 0.87 428
    2021-08-01 $318,500 (1.1%) $385,095 (5.3%) 0.85 430
    2021-09-01 $299,950 (-2.6%) $362,560 (-0.3%) 0.80 442
    2021-10-01 $312,265 (4.1%) $361,655 (-1.0%) 0.83 490
    2021-11-01 $328,696 (2.2%) $382,773 (0.7%) 0.88 494
    2021-12-01 $349,950 (7.1%) $398,248 (5.9%) 0.95 424
    2022-01-01 $369,925 (10.4%) $419,115 (12.9%) 1.00 379
    2022-02-01 $387,305 (10.4%) $427,567 (11.0%) 1.01 367
    2022-03-01 $369,463 (2.0%) $427,384 (9.8%) 0.92 347
    2022-04-01 $389,999 (8.4%) $439,747 (11.2%) 0.93 365
    2022-05-01 $367,588 (2.1%) $422,910 (-0.1%) 0.84 431
    2022-06-01 $365,049 (8.3%) $427,098 (4.1%) 0.81 455
    2022-07-01 $362,595 (10.2%) $421,377 (6.1%) 0.82 551
    2022-08-01 $371,825 (16.7%) $416,049 (8.0%) 0.86 559
    2022-09-01 $379,386 (26.5%) $423,347 (16.8%) 0.89 563
    2022-10-01 $383,545 (22.8%) $419,338 (16.0%) 0.90 578
    2022-11-01 $387,450 (17.9%) $422,881 (10.5%) 0.93 615
    2022-12-01 $407,450 (16.4%) $433,708 (8.9%) 1.01 583
    2023-01-01 $439,476 (18.8%) $454,926 (8.5%) 1.09 523
    2023-02-01 $441,275 (13.9%) $455,262 (6.5%) 1.06 501
    2023-03-01 $447,500 (21.1%) $469,822 (9.9%) 1.06 458
    2023-04-01 $444,900 (14.1%) $469,027 (6.7%) 1.03 497
    2023-05-01 $447,700 (21.8%) $485,892 (14.9%) 1.02 535
    2023-06-01 $445,125 (21.9%) $497,704 (16.5%) 1.00 542
    2023-07-01 $437,900 (20.8%) $486,376 (15.4%) 1.00 570
    2023-08-01 $411,200 (10.6%) $476,511 (14.5%) 0.94 620
    2023-09-01 $399,450 (5.3%) $466,112 (10.1%) 0.93 677
    2023-10-01 $396,200 (3.3%) $463,312 (10.5%) 0.93 747
    2023-11-01 $389,750 (0.6%) $453,474 (7.2%) 0.93 764
    2023-12-01 $389,900 (-4.3%) $454,855 (4.9%) 0.95 646
    2024-01-01 $389,950 (-11.3%) $459,331 (1.0%) 0.95 545
    2024-02-01 $398,575 (-9.7%) $479,859 (5.4%) 0.96 499
    2024-03-01 $403,900 (-9.7%) $480,725 (2.3%) 0.95 525
    Lincoln's median listing price for 2024-03-01 was $403,900, a difference of $-43,600 (-9.7%) versus the prior year and $5,325 versus the prior month.

    Lincoln's median listing price comes in at 95% of the national average.

    Lincoln's average listing price for 2024-03-01 was $480,725, a difference of $10,903 (2.3%) versus the prior year and $866 versus the prior month.

    For the 2024-03-01 period, Lincoln had 525 MLS listings, a difference of 26 listings (5%) versus the prior month and 67 listings (15%) 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 53 days 1,604 sqft
    2018-02-01 50 days 1,626 sqft
    2018-03-01 49 days 1,647 sqft
    2018-04-01 45 days 1,655 sqft
    2018-05-01 39 days 1,651 sqft
    2018-06-01 40 days 1,661 sqft
    2018-07-01 41 days 1,636 sqft
    2018-08-01 43 days 1,600 sqft
    2018-09-01 46 days 1,596 sqft
    2018-10-01 43 days 1,588 sqft
    2018-11-01 44 days 1,570 sqft
    2018-12-01 54 days 1,551 sqft
    2019-01-01 58 days 1,550 sqft
    2019-02-01 51 days 1,566 sqft
    2019-03-01 51 days 1,788 sqft
    2019-04-01 42 days 2,204 sqft
    2019-05-01 33 days 2,371 sqft
    2019-06-01 36 days 2,396 sqft
    2019-07-01 38 days 2,361 sqft
    2019-08-01 36 days 2,308 sqft
    2019-09-01 36 days 2,268 sqft
    2019-10-01 38 days 2,241 sqft
    2019-11-01 47 days 2,243 sqft
    2019-12-01 57 days 2,242 sqft
    2020-01-01 64 days 2,322 sqft
    2020-02-01 59 days 2,340 sqft
    2020-03-01 41 days 2,412 sqft
    2020-04-01 43 days 2,384 sqft
    2020-05-01 52 days 2,411 sqft
    2020-06-01 53 days 2,447 sqft
    2020-07-01 53 days 2,396 sqft
    2020-08-01 43 days 2,274 sqft
    2020-09-01 45 days 2,226 sqft
    2020-10-01 46 days 2,170 sqft
    2020-11-01 46 days 2,143 sqft
    2020-12-01 52 days 2,084 sqft
    2021-01-01 58 days 2,110 sqft
    2021-02-01 53 days 2,182 sqft
    2021-03-01 53 days 2,263 sqft
    2021-04-01 50 days 2,179 sqft
    2021-05-01 46 days 2,171 sqft
    2021-06-01 43 days 2,183 sqft
    2021-07-01 40 days 2,123 sqft
    2021-08-01 41 days 2,082 sqft
    2021-09-01 41 days 2,039 sqft
    2021-10-01 37 days 2,106 sqft
    2021-11-01 45 days 2,121 sqft
    2021-12-01 57 days 2,151 sqft
    2022-01-01 51 days 2,213 sqft
    2022-02-01 43 days 2,227 sqft
    2022-03-01 47 days 2,191 sqft
    2022-04-01 40 days 2,239 sqft
    2022-05-01 35 days 2,227 sqft
    2022-06-01 39 days 2,249 sqft
    2022-07-01 38 days 2,228 sqft
    2022-08-01 39 days 2,265 sqft
    2022-09-01 43 days 2,301 sqft
    2022-10-01 39 days 2,316 sqft
    2022-11-01 39 days 2,336 sqft
    2022-12-01 52 days 2,375 sqft
    2023-01-01 55 days 2,417 sqft
    2023-02-01 45 days 2,446 sqft
    2023-03-01 50 days 2,502 sqft
    2023-04-01 43 days 2,495 sqft
    2023-05-01 38 days 2,516 sqft
    2023-06-01 41 days 2,539 sqft
    2023-07-01 40 days 2,507 sqft
    2023-08-01 39 days 2,436 sqft
    2023-09-01 37 days 2,410 sqft
    2023-10-01 37 days 2,371 sqft
    2023-11-01 42 days 2,314 sqft
    2023-12-01 48 days 2,340 sqft
    2024-01-01 58 days 2,349 sqft
    2024-02-01 47 days 2,372 sqft
    2024-03-01 40 days 2,416 sqft
    Lincoln's median listing age (time on market) for 2024-03-01 was 40 days. This is -19% shorter than the same period one year ago.

    Lincoln's median square footage for active listings during the 2024-03-01 period was 2,416 sqft. One year prior, the average listing was 2,502 sqft.