Lincoln USDA Loans

LINCOLN, 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.

Lincoln's 11 lenders originated 24 USDA loans during 2021. The total origination value was $4,850,000, with an average USDA loan value of $202,083.

Lincoln USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Lincoln averaged 4.98% for the week of 2022-05-13, compared to the national average (all USDA variants) of 5.294% for the same period.

The average rate for the prior week (2022-05-06) was 5.22% and one month ago for the week of 2022-04-08, the average rate was 4.68%.

The average rate one year ago was 2.89%.

For refis of the same type during the week of 2022-05-13, the average rate was 4.87%.

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 and rates for USDA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Lincoln level.

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
LIBERTY FIRST 8 2.30% $3,119
West Gate Bank 2 2.44% $4,989
GERSHMAN INVESTMENT CORP. 2 2.50% $4,913
Lincoln FSB of Nebraska 2 2.56% $4,129
MORIA DEVELOPMENT, INC. 2 2.50% $6,996
CHARTER WEST BANK 2 2.81% $5,415
Prosperity Home Mortgage, LLC 1 3.13% $4,414
Flagstar Bank, FSB 1 3.25% $5,751
Regent Financial Group, Inc. 1 3.25% $5,751
HOME POINT FINANCIAL CORPORATION 1 2.25% $6,140
FIRST STATE MORTGAGE SERVICES, LLC 1 2.63% $3,693

The top Lincoln USDA lender as defined by loan originations is LIBERTY FIRST, with 8 USDA loans originated. Their average total fees are $3,119, which is $1,870 lower than the next largest lender, West Gate Bank.

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 $281,225 (23.4%) $343,745 (21.4%) 1.04 653
2018-02-01 $299,700 (19.3%) $357,059 (19.6%) 1.08 619
2018-03-01 $319,950 (23.3%) $365,788 (19.8%) 1.11 596
2018-04-01 $324,225 (13.8%) $374,399 (12.3%) 1.09 624
2018-05-01 $315,450 (7.3%) $369,702 (9.9%) 1.05 677
2018-06-01 $304,900 (8.4%) $367,812 (11.3%) 1.02 717
2018-07-01 $299,900 (11.1%) $365,026 (13.7%) 1.00 803
2018-08-01 $289,900 (10.4%) $356,126 (12.2%) 0.97 866
2018-09-01 $285,000 (14.0%) $350,436 (11.0%) 0.95 882
2018-10-01 $275,000 (9.0%) $338,723 (7.5%) 0.92 951
2018-11-01 $268,045 (2.5%) $329,836 (1.5%) 0.90 997
2018-12-01 $270,000 (-1.8%) $329,161 (-0.8%) 0.92 901
2019-01-01 $272,450 (-3.1%) $332,048 (-3.4%) 0.94 808
2019-02-01 $286,325 (-4.5%) $342,460 (-4.1%) 0.96 761
2019-03-01 $299,721 (-6.3%) $341,423 (-6.7%) 0.98 1,092
2019-04-01 $304,340 (-6.1%) $340,108 (-9.2%) 0.96 689
2019-05-01 $312,448 (-1.0%) $351,361 (-5.0%) 0.96 846
2019-06-01 $299,900 (-1.6%) $334,850 (-9.0%) 0.92 800
2019-07-01 $299,900 (0.0%) $332,796 (-8.8%) 0.93 781
2019-08-01 $288,424 (-0.5%) $324,635 (-8.8%) 0.91 838
2019-09-01 $278,419 (-2.3%) $316,747 (-9.6%) 0.88 912
2019-10-01 $279,425 (1.6%) $316,418 (-6.6%) 0.89 925
2019-11-01 $280,000 (4.5%) $316,621 (-4.0%) 0.90 858
2019-12-01 $284,950 (5.5%) $317,743 (-3.5%) 0.95 786
2020-01-01 $298,500 (9.6%) $330,547 (-0.5%) 1.00 679
2020-02-01 $304,900 (6.5%) $338,461 (-1.2%) 0.98 607
2020-03-01 $302,900 (1.1%) $337,120 (-1.3%) 0.95 637
2020-04-01 $306,567 (0.7%) $336,716 (-1.0%) 0.96 699
2020-05-01 $319,000 (2.1%) $357,987 (1.9%) 0.97 668
2020-06-01 $327,000 (9.0%) $368,927 (10.2%) 0.95 543
2020-07-01 $329,450 (9.9%) $375,887 (13.0%) 0.94 505
2020-08-01 $315,000 (9.2%) $365,246 (12.5%) 0.90 476
2020-09-01 $310,668 (11.6%) $366,613 (15.7%) 0.89 460
2020-10-01 $299,999 (7.4%) $366,796 (15.9%) 0.86 452
2020-11-01 $328,900 (17.5%) $382,059 (20.7%) 0.94 470
2020-12-01 $334,268 (17.3%) $376,519 (18.5%) 0.98 450
2021-01-01 $334,950 (12.2%) $370,437 (12.1%) 0.99 394
2021-02-01 $352,450 (15.6%) $384,646 (13.7%) 1.01 360
2021-03-01 $362,998 (19.8%) $389,295 (15.5%) 1.02 373
2021-04-01 $359,900 (17.4%) $395,725 (17.5%) 0.97 367
2021-05-01 $359,900 (12.8%) $428,547 (19.7%) 0.95 370
2021-06-01 $343,450 (5.0%) $415,401 (12.6%) 0.89 399
2021-07-01 $331,000 (0.5%) $399,972 (6.4%) 0.86 419
2021-08-01 $319,950 (1.6%) $386,727 (5.9%) 0.84 422
2021-09-01 $300,000 (-3.4%) $365,318 (-0.4%) 0.79 437
2021-10-01 $315,000 (5.0%) $362,432 (-1.2%) 0.83 489
2021-11-01 $329,900 (0.3%) $384,071 (0.5%) 0.87 496
2021-12-01 $350,000 (4.7%) $398,115 (5.7%) 0.93 426
2022-01-01 $380,285 (13.5%) $420,913 (13.6%) 1.01 385
2022-02-01 $394,273 (11.9%) $430,367 (11.9%) 1.00 369
2022-03-01 $384,500 (5.9%) $431,982 (11.0%) 0.95 346
2022-04-01 $398,000 (10.6%) $445,198 (12.5%) 0.94 372
Lincoln's median listing price for 2022-04-01 was $398,000, a difference of $38,100 (10.6%) versus the prior year and $13,500 versus the prior month.

Lincoln's median listing price comes in at 94% of the national average.

Lincoln's average listing price for 2022-04-01 was $445,198, a difference of $49,473 (12.5%) versus the prior year and $13,216 versus the prior month.

For the 2022-04-01 period, Lincoln had 372 MLS listings, a difference of 26 listings (8%) versus the prior month and 5 listings (1%) 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 54 days 1,602 sqft
2018-02-01 54 days 1,624 sqft
2018-03-01 51 days 1,650 sqft
2018-04-01 47 days 1,661 sqft
2018-05-01 40 days 1,653 sqft
2018-06-01 43 days 1,660 sqft
2018-07-01 43 days 1,636 sqft
2018-08-01 44 days 1,596 sqft
2018-09-01 47 days 1,597 sqft
2018-10-01 45 days 1,581 sqft
2018-11-01 44 days 1,568 sqft
2018-12-01 57 days 1,551 sqft
2019-01-01 59 days 1,556 sqft
2019-02-01 52 days 1,567 sqft
2019-03-01 57 days 1,716 sqft
2019-04-01 13 days 2,110 sqft
2019-05-01 31 days 2,404 sqft
2019-06-01 37 days 2,392 sqft
2019-07-01 36 days 2,374 sqft
2019-08-01 36 days 2,296 sqft
2019-09-01 37 days 2,262 sqft
2019-10-01 38 days 2,231 sqft
2019-11-01 46 days 2,248 sqft
2019-12-01 55 days 2,248 sqft
2020-01-01 63 days 2,303 sqft
2020-02-01 60 days 2,384 sqft
2020-03-01 42 days 2,412 sqft
2020-04-01 41 days 2,392 sqft
2020-05-01 50 days 2,446 sqft
2020-06-01 51 days 2,446 sqft
2020-07-01 48 days 2,425 sqft
2020-08-01 43 days 2,290 sqft
2020-09-01 46 days 2,255 sqft
2020-10-01 45 days 2,195 sqft
2020-11-01 45 days 2,230 sqft
2020-12-01 51 days 2,119 sqft
2021-01-01 59 days 2,130 sqft
2021-02-01 56 days 2,198 sqft
2021-03-01 56 days 2,322 sqft
2021-04-01 55 days 2,213 sqft
2021-05-01 51 days 2,213 sqft
2021-06-01 44 days 2,192 sqft
2021-07-01 42 days 2,141 sqft
2021-08-01 40 days 2,109 sqft
2021-09-01 40 days 2,055 sqft
2021-10-01 36 days 2,123 sqft
2021-11-01 42 days 2,123 sqft
2021-12-01 51 days 2,166 sqft
2022-01-01 57 days 2,246 sqft
2022-02-01 44 days 2,243 sqft
2022-03-01 48 days 2,213 sqft
2022-04-01 42 days 2,260 sqft
Lincoln's median listing age (time on market) for 2022-04-01 was 42 days. This is -23% shorter than the same period one year ago.

Lincoln's median square footage for active listings during the 2022-04-01 period was 2,260 sqft. One year prior, the average listing was 2,213 sqft.