Macomb USDA Loan Rates, Closing Costs & Stats

Macomb, 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.

    Macomb's 6 lenders originated 16 USDA loans during 2023. The total origination value was $1,410,000, with an average USDA loan value of $88,125.

    Macomb USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Macomb averaged 6.52% for the week of 2025-02-14, compared to the national average (all USDA variants) of 6.526% for the same period.

    Macomb's average USDA mortgage closing costs are $3,458.

    The average rate for the prior week (2025-02-07) was 6.38% and one month ago for the week of 2025-01-10, the average rate was 6.32%.

    The average rate one year ago was 6.42%.

    For refis of the same type during the week of 2025-02-14, the average rate was 6.53%.

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

    Macomb 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 Macomb level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Flanagan State Bank 6 7.06% $4,128
    United Community Bank 4 6.69% $2,748
    First Bankers Trust Company 3 6.58% $3,351
    CALIBER HOME LOANS, INC. 1 6.00% $4,117
    FIRST STATE MORTGAGE SERVICES, LLC 1 6.00% $4,906
    FLAT BRANCH MORTGAGE, INC. 1 7.00% $5,516

    The top Macomb USDA lender as defined by loan originations is Flanagan State Bank, with 6 USDA loans originated. Their average total fees are $4,128, which is $1,380 higher than the next largest lender, United Community Bank.

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

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

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Macomb (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 $99,400 (10.6%) $124,219 (10.6%) 0.00 187
    2018-02-01 $94,800 (5.5%) $121,008 (7.0%) 0.00 193
    2018-03-01 $95,500 (5.4%) $121,559 (3.8%) 0.00 195
    2018-04-01 $97,700 (7.4%) $121,900 (4.5%) 0.00 206
    2018-05-01 $96,800 (4.4%) $118,874 (-0.1%) 0.00 219
    2018-06-01 $94,900 (-2.5%) $115,411 (-4.3%) 0.00 223
    2018-07-01 $93,675 (-1.6%) $114,670 (-3.6%) 0.00 247
    2018-08-01 $91,725 (-4.8%) $114,617 (-6.2%) 0.00 248
    2018-09-01 $89,900 (-9.8%) $111,928 (-9.7%) 0.00 239
    2018-10-01 $89,900 (-10.1%) $111,914 (-10.8%) 0.00 232
    2018-11-01 $89,200 (-15.6%) $109,228 (-13.0%) 0.00 233
    2018-12-01 $85,000 (-14.9%) $104,753 (-15.4%) 0.00 231
    2019-01-01 $84,900 (-14.6%) $103,910 (-16.4%) 0.00 230
    2019-02-01 $84,450 (-10.9%) $104,384 (-13.7%) 0.00 224
    2019-03-01 $87,621 (-8.3%) $108,832 (-10.5%) 0.00 221
    2019-04-01 $95,975 (-1.8%) $117,403 (-3.7%) 0.00 222
    2019-05-01 $91,800 (-5.2%) $117,157 (-1.4%) 0.00 228
    2019-06-01 $89,900 (-5.3%) $117,455 (1.8%) 0.00 217
    2019-07-01 $89,650 (-4.3%) $117,715 (2.7%) 0.00 216
    2019-08-01 $87,664 (-4.4%) $116,119 (1.3%) 0.00 210
    2019-09-01 $86,109 (-4.2%) $113,037 (1.0%) 0.00 206
    2019-10-01 $85,073 (-5.4%) $110,572 (-1.2%) 0.00 202
    2019-11-01 $81,900 (-8.2%) $105,297 (-3.6%) 0.00 203
    2019-12-01 $79,900 (-6.0%) $102,571 (-2.1%) 0.00 190
    2020-01-01 $79,700 (-6.1%) $102,151 (-1.7%) 0.00 175
    2020-02-01 $83,900 (-0.7%) $106,137 (1.7%) 0.00 169
    2020-03-01 $84,675 (-3.4%) $107,385 (-1.3%) 0.00 173
    2020-04-01 $86,100 (-10.3%) $109,517 (-6.7%) 0.00 172
    2020-05-01 $86,900 (-5.3%) $109,488 (-6.6%) 0.00 167
    2020-06-01 $87,050 (-3.2%) $107,291 (-8.7%) 0.00 163
    2020-07-01 $87,200 (-2.7%) $106,217 (-9.8%) 0.00 163
    2020-08-01 $85,000 (-3.0%) $105,229 (-9.4%) 0.00 165
    2020-09-01 $85,175 (-1.1%) $108,897 (-3.7%) 0.00 173
    2020-10-01 $72,900 (-14.3%) $95,807 (-13.4%) 0.00 205
    2020-11-01 $69,900 (-14.7%) $91,947 (-12.7%) 0.00 212
    2020-12-01 $67,925 (-15.0%) $86,458 (-15.7%) 0.00 207
    2021-01-01 $65,000 (-18.4%) $85,837 (-16.0%) 0.00 202
    2021-02-01 $65,000 (-22.5%) $82,529 (-22.2%) 0.00 196
    2021-03-01 $67,125 (-20.7%) $83,438 (-22.3%) 0.00 192
    2021-04-01 $66,000 (-23.3%) $82,795 (-24.4%) 0.00 174
    2021-05-01 $62,900 (-27.6%) $79,210 (-27.7%) 0.00 164
    2021-06-01 $59,900 (-31.2%) $80,477 (-25.0%) 0.00 158
    2021-07-01 $60,000 (-31.2%) $90,012 (-15.3%) 0.00 171
    2021-08-01 $59,950 (-29.5%) $91,030 (-13.5%) 0.00 170
    2021-09-01 $59,900 (-29.7%) $91,484 (-16.0%) 0.00 156
    2021-10-01 $61,600 (-15.5%) $92,696 (-3.3%) 0.00 159
    2021-11-01 $63,136 (-9.7%) $94,165 (2.4%) 0.00 145
    2021-12-01 $61,257 (-9.8%) $94,136 (8.9%) 0.00 129
    2022-01-01 $59,900 (-7.9%) $96,289 (12.2%) 0.00 113
    2022-02-01 $59,450 (-8.5%) $95,989 (16.3%) 0.00 100
    2022-03-01 $56,375 (-16.0%) $94,343 (13.1%) 0.00 93
    2022-04-01 $56,000 (-15.2%) $91,928 (11.0%) 0.00 91
    2022-05-01 $58,850 (-6.4%) $92,890 (17.3%) 0.00 96
    2022-06-01 $59,900 (0.0%) $98,784 (22.8%) 0.00 92
    2022-07-01 $65,000 (8.3%) $101,198 (12.4%) 0.00 97
    2022-08-01 $69,450 (15.9%) $98,948 (8.7%) 0.00 109
    2022-09-01 $69,225 (15.6%) $97,972 (7.1%) 0.00 104
    2022-10-01 $72,400 (17.5%) $100,479 (8.4%) 0.00 97
    2022-11-01 $74,400 (17.8%) $112,917 (19.9%) 0.00 96
    2022-12-01 $72,900 (19.0%) $111,198 (18.1%) 0.00 95
    2023-01-01 $71,150 (18.8%) $101,905 (5.8%) 0.00 81
    2023-02-01 $70,650 (18.8%) $94,307 (-1.8%) 0.00 76
    2023-03-01 $69,900 (24.0%) $101,503 (7.6%) 0.00 72
    2023-04-01 $69,900 (24.8%) $107,546 (17.0%) 0.00 64
    2023-05-01 $75,000 (27.4%) $125,344 (34.9%) 0.00 59
    2023-06-01 $80,675 (34.7%) $137,267 (39.0%) 0.00 64
    2023-07-01 $75,750 (16.5%) $120,419 (19.0%) 0.00 75
    2023-08-01 $72,450 (4.3%) $104,481 (5.6%) 0.00 59
    2023-09-01 $80,900 (16.9%) $114,715 (17.1%) 0.00 67
    2023-10-01 $74,975 (3.6%) $111,695 (11.2%) 0.00 76
    2023-11-01 $74,900 (0.7%) $110,515 (-2.1%) 0.00 77
    2023-12-01 $79,900 (9.6%) $113,530 (2.1%) 0.00 67
    2024-01-01 $86,250 (21.2%) $116,596 (14.4%) 0.00 67
    2024-02-01 $84,400 (19.5%) $111,852 (18.6%) 0.00 60
    2024-03-01 $98,000 (40.2%) $115,393 (13.7%) 0.00 68
    2024-04-01 $94,900 (35.8%) $119,914 (11.5%) 0.00 71
    2024-05-01 $112,050 (49.4%) $128,075 (2.2%) 0.00 76
    2024-06-01 $119,900 (48.6%) $142,072 (3.5%) 0.00 83
    2024-07-01 $129,925 (71.5%) $147,775 (22.7%) 0.00 72
    2024-08-01 $122,600 (69.2%) $148,119 (41.8%) 0.00 83
    2024-09-01 $123,700 (52.9%) $141,393 (23.3%) 0.00 86
    2024-10-01 $119,400 (59.3%) $136,639 (22.3%) 0.00 95
    2024-11-01 $118,000 (57.5%) $139,350 (26.1%) 0.00 98
    2024-12-01 $119,225 (49.2%) $134,853 (18.8%) 0.00 98
    2025-01-01 $98,975 (14.8%) $135,249 (16.0%) 0.00 90
    Macomb's median listing price for 2025-01-01 was $98,975, a difference of $12,725 (14.8%) versus the prior year and $-20,250 versus the prior month.

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

    Macomb's average listing price for 2025-01-01 was $135,249, a difference of $18,653 (16.0%) versus the prior year and $396 versus the prior month.

    For the 2025-01-01 period, Macomb had 90 MLS listings, a difference of -8 listings (-8%) versus the prior month and 23 listings (34%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Macomb (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,720 sqft
    2018-02-01 0 days 1,663 sqft
    2018-03-01 0 days 1,684 sqft
    2018-04-01 0 days 1,700 sqft
    2018-05-01 0 days 1,651 sqft
    2018-06-01 0 days 1,616 sqft
    2018-07-01 0 days 1,661 sqft
    2018-08-01 0 days 1,632 sqft
    2018-09-01 0 days 1,596 sqft
    2018-10-01 0 days 1,616 sqft
    2018-11-01 0 days 1,570 sqft
    2018-12-01 0 days 1,568 sqft
    2019-01-01 0 days 1,577 sqft
    2019-02-01 0 days 1,604 sqft
    2019-03-01 0 days 1,686 sqft
    2019-04-01 0 days 1,798 sqft
    2019-05-01 0 days 1,820 sqft
    2019-06-01 0 days 1,800 sqft
    2019-07-01 0 days 1,800 sqft
    2019-08-01 0 days 1,741 sqft
    2019-09-01 0 days 1,653 sqft
    2019-10-01 0 days 1,576 sqft
    2019-11-01 0 days 1,560 sqft
    2019-12-01 0 days 1,535 sqft
    2020-01-01 0 days 1,537 sqft
    2020-02-01 0 days 1,604 sqft
    2020-03-01 0 days 1,597 sqft
    2020-04-01 0 days 1,623 sqft
    2020-05-01 0 days 1,623 sqft
    2020-06-01 0 days 1,608 sqft
    2020-07-01 0 days 1,571 sqft
    2020-08-01 0 days 1,560 sqft
    2020-09-01 0 days 1,538 sqft
    2020-10-01 0 days 1,472 sqft
    2020-11-01 0 days 1,489 sqft
    2020-12-01 0 days 1,456 sqft
    2021-01-01 0 days 1,468 sqft
    2021-02-01 0 days 1,462 sqft
    2021-03-01 0 days 1,432 sqft
    2021-04-01 0 days 1,427 sqft
    2021-05-01 0 days 1,378 sqft
    2021-06-01 0 days 1,346 sqft
    2021-07-01 0 days 1,343 sqft
    2021-08-01 0 days 1,365 sqft
    2021-09-01 0 days 1,411 sqft
    2021-10-01 0 days 1,427 sqft
    2021-11-01 0 days 1,360 sqft
    2021-12-01 0 days 1,341 sqft
    2022-01-01 0 days 1,346 sqft
    2022-02-01 0 days 1,344 sqft
    2022-03-01 0 days 1,343 sqft
    2022-04-01 0 days 1,302 sqft
    2022-05-01 0 days 1,345 sqft
    2022-06-01 0 days 1,375 sqft
    2022-07-01 0 days 1,483 sqft
    2022-08-01 0 days 1,583 sqft
    2022-09-01 0 days 1,553 sqft
    2022-10-01 0 days 1,531 sqft
    2022-11-01 0 days 1,564 sqft
    2022-12-01 0 days 1,509 sqft
    2023-01-01 0 days 1,432 sqft
    2023-02-01 0 days 1,477 sqft
    2023-03-01 0 days 1,389 sqft
    2023-04-01 0 days 1,368 sqft
    2023-05-01 0 days 1,368 sqft
    2023-06-01 0 days 1,467 sqft
    2023-07-01 0 days 1,424 sqft
    2023-08-01 0 days 1,378 sqft
    2023-09-01 0 days 1,521 sqft
    2023-10-01 0 days 1,480 sqft
    2023-11-01 0 days 1,515 sqft
    2023-12-01 0 days 1,486 sqft
    2024-01-01 0 days 1,480 sqft
    2024-02-01 0 days 1,403 sqft
    2024-03-01 0 days 1,507 sqft
    2024-04-01 0 days 1,543 sqft
    2024-05-01 0 days 1,590 sqft
    2024-06-01 0 days 1,625 sqft
    2024-07-01 0 days 1,666 sqft
    2024-08-01 0 days 1,600 sqft
    2024-09-01 0 days 1,695 sqft
    2024-10-01 0 days 1,553 sqft
    2024-11-01 0 days 1,562 sqft
    2024-12-01 0 days 1,548 sqft
    2025-01-01 0 days 1,537 sqft
    Macomb's median listing age (time on market) for 2025-01-01 was 0 days.

    Macomb's median square footage for active listings during the 2025-01-01 period was 1,537 sqft. One year prior, the average listing was 1,480 sqft.